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Important Caveats on F2010 Medicare Liability Improvement
document IMAGES-006-HOUSE_OVERSIGHT_020949.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…dicare Part A and Part B unfunded liability improved to -$16 trillion in F2010, up 47% from -$31 trillion in F2009, per the Board of Medicare Trustees. e The improvement was driven primarily by downward revisions of future cost growth assumptions following enactment of healthcar...

It seems likely to me that long before we’re playing pinochle with some smart box
document IMAGES-004-HOUSE_OVERSIGHT_018429.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

It seems likely to me that long before we’re playing pinochle with some smart box over the fate of our livers, an Al-enabled weapons system of sort will come ripping through our world. This need not be a fully-escaped McGuyver system making pipe- bombs from our cars; even existin...

Chinese Race.”* Hong Kong has long been a base for flag-waving Chinese activists
document IMAGES-006-HOUSE_OVERSIGHT_020627.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

168 Chinese Race.”* Hong Kong has long been a base for flag-waving Chinese activists agitating on the issue of the Senkaku/Diaoyu islands. “The Chinese race does not fight wars. The Chinese race only safeguards peace!” runs one pronouncement which was designed as an outreach to...

game that got rained out half way through. We ran to the train station only to find no one tending
document IMAGES-004-HOUSE_OVERSIGHT_017108.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

4.2.12 WC: 191694 game that got rained out half way through. We ran to the train station only to find no one tending the token booth. My uncle had one token and so the two of us squeezed through the turnstile on his one token. As soon as we got home he took a dime, put it in an...

204 Teaching Minds
document IMAGES-007-HOUSE_OVERSIGHT_023950.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ching Minds Universities will not change until some equally prestigious online university is developed that challenges their ability to attract students. As long as students show up at Yale, and there is no danger there in the foreseeable future, Yale does not have to change. B...

Appendix 2: Global Utility Sector Background
document IMAGES-007-HOUSE_OVERSIGHT_024226.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…hite Paper CONFIDENTIAL Appendix 2: Global Utility Sector Background e =History To gain a deeper appreciation of why the global utility sector is attractive for long/short investing, it is helpful to briefly survey the history of the sector and describe the utility value chain...

enforceability of existing corporate governance rules and a lack
document IMAGES-001-HOUSE_OVERSIGHT_012093.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

enforceability of existing corporate governance rules and a lack of accountability. They call into question the true independence of the boards of Korean conglomerates and the ability of outside directors to effectively oversee management and protect all shareholders’ interests....

to the credibility of online reviews, 4) Instant Book transition puts pressure on revenue
document IMAGES-003-HOUSE_OVERSIGHT_014944.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

to the credibility of online reviews, 4) Instant Book transition puts pressure on revenue growth, and 5) mobile monetization headwinds. Upside risks to our price objective are: 1} improved mobile monetization 2} major OTA sign on for instant booking 3) high non-hotel shopper dol...

Health: Not Tremendously Prescriptive
document IMAGES-003-HOUSE_OVERSIGHT_016161.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Health: Not Tremendously Prescriptive Vision 2030 a start but Needs Transparent Proposals The Saudi government’s Vision 2030 document calls for an improvement in healthcare in Saudi Arabia. The private healthcare sector has some role to play; the National Transformation Plan (N...

Re: Mechanisms for learning
email IMAGES-008-HOUSE_OVERSIGHT_025949.txt Jul 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ance: — High Some thoughts I meant to send back for a long time: no worry, ifiunderstand correctly you are suggsting there are layers 1 through N . lets cal them L 1 - Ln. there aretimesT 1-Tn/ and then conjecture that changing the time . correlations ( by genetic swtch or ot...

Improving operating efficiency
document IMAGES-006-HOUSE_OVERSIGHT_020839.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ouseholds, efficiency gains seem possible. A 20-year trend line of declining federal civilian headcount was reversed in the late 1990s. Resuming that trend would imply a 15% potential headcount reduction over five years and save nearly $300 billion over the next ten years. USA I...

President Obama and Self-deception
document TEXT-001-HOUSE_OVERSIGHT_029448.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…f-deception All of us are vulnerable to deceit and self-deception. Deception of parents by children actually begins in the womb, when they manipulate the mother chemically into providing greater investment than is in her best interests. It continues at six months of age, develop...

Banks and insurance companies
document IMAGES-001-HOUSE_OVERSIGHT_012076.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…taining a strong financial system. Bank managements should be motivated to pursue best practic- es, having experienced the con- sequences of bad behavior long after the Global Financial Crisis. Tighter regulations, enacted in the aftermath of the Global Fi- nancial Crisis, inclu...

Notable trends and dislocations (US)
document IMAGES-007-HOUSE_OVERSIGHT_023583.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Notable trends and dislocations (US) Major US equity indices soar to all-time highs as the low vol regime persists Friday marked the end of the second full week following the political turmoil on Wed, 17-May. Since then, volatility has once again collapsed (10d realized is at 4...