Epstein Secrets

IMF) The Uncultured Project LightSquared Holcim Ltd Dogus Group Consolidated Contractors Company (CCC) USA Switzerland United Arab Emirates Malaysia United Arab Emirates Nigeria USA India Canada Qatar Russian Federation Turkey Germany Germany South Africa USA USA USA Switzerland Sw

Plan Education International Silversea Cruises Group SWIFT SCRL McKinsey & Company Wendel La Tribune Eskom Holdings Limited Valor Econ6mico European Council on Foreign Relations (ECFR) La Stampa Harvard Business School Desjardins Group The Boston Consulting Group Lloyd's Yale University DareDevil

IMF) The Uncultured Project LightSquared Holcim Ltd Dogus Group Consolidated Contractors Company (CCC) USA Switzerland United Arab Emirates Malaysia United Arab Emirates Nigeria USA India Canada Qatar Russian Federation Turkey Germany Germany South Africa USA USA USA Switzerland Sw

Plan Education International Silversea Cruises Group SWIFT SCRL McKinsey & Company Wendel La Tribune Eskom Holdings Limited Valor Econ6mico European Council on Foreign Relations (ECFR) La Stampa Harvard Business School Desjardins Group The Boston Consulting Group Lloyd's Yale University DareDevil

e United States. In January 2007, the Hong Kong Ming Pao Group announced a $600 million merger with the two largest Chinese-language media outlets in Malaysia, the Xingzhou Media and Nanyang News. The merger was welcomed in Beijing. Guo Zhaojin, then president of the China News Service, said the new company

GARNAUT Former Senior Adviser to Prime Minister Malcolm Turnbull, Australia TIMOTHY GARTON ASH Oxford University, United Kingdom FRANCOIS GODEMENT European Council on Foreign Relations BILAHARI KAUSIKAN Former Permanent Secretary, Ministry of Foreign Affairs, Singapore RICHARD MCGREGOR Lowy Institute, Australi

nal support for Spanish banks can be seen as the starting point for greater European support and oversight for banks, to be discussed at the upcoming European Council. ¢ Greece's debt remains unsustainable, but the risk of a euro exit over the next six months has diminished after the 17 June elections, which have

hard landing) hit trade and thus the economic prospects of emerging markets. In this case, we would expect a 25% decline in earnings. More defensive Malaysia would do better, whereas more cyclical Korea and Taiwan would underperform. We assume, however, that the market would also be expecting some recovery

yment rate for October 6 Nov US presidential and congressional elections 8 Nov The 18th National Congress of the Communist Party of China 22-23 Nov European Council 2 UBS Global growth expected to be around 3% in 2012 and 2013 Real GDP growth in % Inflation in % 2011 2012F — 2013F 2011 2012F — 2013F Americas

Chinese growth could each hit EM's economic prospects. In such a scenario, we would expect a 20% decline in earnings over six months. More defensive Malaysia would do better, whereas more cyclical South Korea and Russia would underperform. We assume, however, that the market would also be expecting some re