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Chart 8: Google ex-FX Y/Y growth trends
document IMAGES-003-HOUSE_OVERSIGHT_014898.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…7E 4Q17E @ Total Google Revenue Y/Y (ex-FX) m= Google Website Y/Y (ex-FX) Source: Company reports, BofA Merrill Lynch Global Research For core margins, we assume y/y contraction through 3Q17, after which we model a slight uptick in 4Q17. For the year, we assume core Google mar...

Inevitably, Castells became curious about how such a change was affecting politics
document IMAGES-004-HOUSE_OVERSIGHT_018295.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…elf. As the British central banker and economist Andy Haldane observed, the world had never before suffered a genuinely global financial crisis, with every county on the planet, tied together as they were by finance and technology (and fear), tumbling off a cliff at the same, nan...

be willing to act.”© This is as true for nations as it is for each of us. We must be
document IMAGES-004-HOUSE_OVERSIGHT_018281.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… world now is to encounter in nearly every capital figures who have a different reading of history or the future of the global order. They see the world not as some ready-to-eat American political order but rather as a churning, uncertain, urgently worrying vortex. They wonder: W...

interest tax shield later in this report). Deleveraging balance sheets may also be spurred
document IMAGES-007-HOUSE_OVERSIGHT_023078.txt Jan 17, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…W7 PIS 15 20 EviSales 2.2 23 Source: FactSet, S&P, BofA Merrill Lynch US Equity & US Quant Strategy Exhibit 1: BofAML Global Fund Manager Survey (January 2017): What would you most like to see companies do with cash flow? Chart 8: Average Annual Return of Russell 1000 Top Quin...

Calibrating the Al-Risk Message
document IMAGES-003-HOUSE_OVERSIGHT_016294.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ent AI will greatly care about: efficient computation. Hence we might find our planet suddenly going from anthropogenic global warming to machinogenic global cooling. One big challenge that AI safety research needs to deal with is how to constrain a potentially superintelligent A...

HERE IS the dilemma. Yes, a social contract of sorts exists between
document IMAGES-011-HOUSE_OVERSIGHT_032202.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…own—at higher income levels, this social contract may peter out. For as people become middle class, they gain access to global culture and trends, which prompts a desire for political freedoms to go along with their personal ones. This is why authoritarian capitalism may be just...

From: Jeffrey Epstein [[email protected]]
email TEXT-001-HOUSE_OVERSIGHT_025361.txt Sep 3, 2009 House Oversight Committee — Epstein Estate Records (Nov 2025)

…Dubai is in financial trouble. How could it be a role model?Dubai's downturn is temporary. Being one of the worlds most globalized cities, it couldn't help but be infected by a global recession. The contagion kneecapped each one of its economic pillars: Shipping, logistics, touri...

facilitated,” they said, “by a clear statement of our ultimate goal
document IMAGES-007-HOUSE_OVERSIGHT_023497.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ern for serious people, not cutting or fine-balancing—Cold War style— the US and Russian nuclear arsenals. The case for global zero hinges on whether embracing that goal contributes to halting the proliferation of nuclear weapons. I worry that the commitment to global zero, and...

258 13 Local, Global and Glocal Knowledge Representation
document IMAGES-002-HOUSE_OVERSIGHT_013174.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

258 13 Local, Global and Glocal Knowledge Representation 13.5 Neural Foundations of Learning Now we move from knowledge representation to learning — which is after all nothing but the adaptation of represented knowledge based on stimulus, reinforcement and spontaneous activity....

This is a little unorthodox, but here is the text of an internal note that I just sent to our integr
document TEXT-001-HOUSE_OVERSIGHT_025229.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…s conference tomorrow about today’s events. The last two weeks have been a severe setback for financial markets and the global recovery. 1. Today, Italian equity markets sold off sharply and were eventually shut down after the ECB (for now) rejected being the buyer of last resort...

Readers of our previous Outlook publications may recall that this page typically
document IMAGES-003-HOUSE_OVERSIGHT_014534.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ty, significant geopolitical tensions and, in all likelihood, an unconventional US presidency. Since the trough of the global financial crisis, we have consistently emphasized US preeminence and maintained a strategic overweight to US equities relative to global market capitaliz...

primary sea lane to India. As such, Gibraltar and the Suez were
document IMAGES-011-HOUSE_OVERSIGHT_031870.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…i-Turkish, Arab interests from the Levant to the Persian Gulf. A third, minor thrust was aligning with Jewish interests globally, particularly those interested in the refounding of Israel. Britain had little interest in this goal, but saw such discussions as part of the process o...

232 12 The Engineering and Development of Ethics
document IMAGES-002-HOUSE_OVERSIGHT_013148.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… This leads to the question of how to foster deep conceptual blending of diverse and divergent human perspectives, on a global scale. One possible answer is the creation of appropriate Global Brain oriented technologies — but moving away from technologies like Twitter that focus...

Preference: neutral
document IMAGES-008-HOUSE_OVERSIGHT_025262.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ontrast, we forecast just about 3-5% earnings growth next year. 4 Positive scenario Euro Stoxx (6-month target): 320 ¢ Global economic growth reaccelerates and Eurozone growth shows clear signs of bottoming out, enabling mid-single-digit earnings growth over the next six months....