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tained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should nor be treated as such. Further. the views expressed
ient and is serviced through distinct legal entities licensed for specific activities. Bank, trust and investment management services are provided by J.P. Morgan Chase Bank. N.A. and its affiliates. Securities are offered through J.P. Morgan Securities LLC(JPMS). Member NYSE. FINRA and SIPC and Chase Investment Services
s nor intended or written to be used. and cannot be used. in connection with the promotion. marketing or recommendation by anyone unaffiliated with !Morgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. Note that J.P. Morgan is not a licensed insurance
", Vaclav Smil, AEI Press, 2010. "Year in Review — EROJ or energy return on energy invested", Charles Hall and David Murphy, Annals of the New York Academy of Sciences, January 2010. "National Electric Transmission Congestion Study", US Department of Energy, December 2009. "Annual Energy Outlook 2011 Reference Cas
r room at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P Morgan). 18th-century black lacquered Portuguese cabinets, and a nine- foot ebony Steinway "D" grand. On the desk, a paperback copy of the Marquis de Sad
nior Fellow, Council on Foreign Relations, New York; former Executive Director Hudson Institute of Canada, Montreal Thomas G. Labrecque, President, The Chase Manhattan Bank Manfred Lahnstein, former Member of the Executive Board, Bertelsmann, GOtersloh Count Otto Lambsdorff, partner, Wessing Lawyer, DOsseldorf Kurt L
r room at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P. Morgan). 18th-century black lacquered Portuguese cabinets. and a nine- foot ebony Steinway ''D" grand. On the desk. a paperback copy of the Marquis de Sa
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne, Henry Rosovsky, the former dean of Har- vard's Faculty of A
s have a desk that recall Epstein announcing that he'd found Epstein tells people once belonged to banker one at last: Dick Snyde: then C.E.O. of J. P. Monran. and "the largest Persian rue the publisher Simon a Scauster who want- you'll ever see in a private home.- ed to put up approximately 5500.000. (Ne
r room at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P Morgan). 13th-century black lacquered Portuguese cabinets. and a nine- foot ebony Steinway "D" grand. On the desk, a paperback copy of the Marquis de Sad
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations. the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne. Henry Rosovsky. the former dean of Har- vard's Faculty of A
oom at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker 1. P Morgan). 18th-century black lacquered Portuguese cabinets, and a nine- foot ebony Steinway "D" grand. On the desk, a paperback copy of the Marquis de Sad
nd:' OFFICE SPACE The -office" in Epucin's house. It has no computers. but it does have a desk that Epstein tells people once belonged to hanker J. P. Morgan. and "the largest Persian rug you'll ever see in a private home." Sources say Epstein proved that Ise could be useful to Wexner as well with "fres
blishment. He's a mem- ber of various commissions and councils, he is on the Trilateral Commission, the Council on Foreign Relations. the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne. /lent). Rosovsky, the former dean of Har. vard's Faculty o
OFFICE SPACE The "office" in Epstein's house. tt :as no computers. but it does have a desk that Epstein tells people once belonged to banker 1. P. Morgan. and - the largest Perna rug you'll ever see in a mate home." Sources say Epstein Nosed that he could be useful to Wexner as well, with "fresh" i
r room at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P Morgan). 18th-century black lacquered Portuguese cabinets. and a nine- foot ebony Steinway "D" grand. On the desk, a paperback copy of the Marquis de Sad
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne, NTIALw" es I Arts am. Sexnces. and SDNY_GM_00331372 (4
er mom at the back of the house). Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P. Morgan). 18thwentury black lacquered Portuguese cabinets. and a nine- foot ebony Steinway "D" grand. On the desk, a paperback copy of the Marquis de Sade
d." OFFICE SPACE The -office" in Epstein's house. It has no computers. but it does have a desk that Epstein tells people once belonged to banker J. P. Morgan. and "the largest Persian rug you'll ever see in a ornate home." Sources say Epstein proved that he could be useful to Wexner as well. with -fresh
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne. Henry Rosovsky, the former dean of Har- vard's Faculty brAl
nd." OFFICE SPACE The "office in Epstein's house. It has no computers. but it does have a desk that Epstein tells people once belonged to banker J. P. Morgan. and "the Largest Persian rug you'll ever see in a pmate home." Sources say Epstein proved that he could be useful to Wexner as well. with "fresh"
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends in rm.,. (4 EFTA01661638 1 SPOILS OF SUCCESS Frost, Ilyr Epstein'
ler room at the back of the house), Epstein has been known to say. The office features a gilded desk (which Epstein tells people belonged to banker J. P. Morgan), 18th-century black lacquered Por- tuguese cabinets, and a nine-foot ebony Steinway "D" grand. On the desk, a pa- perback copy of the Marquis de Sad
blishment. He's a mem- ber of various commissions and councils: he is on the Trilateral Commission, the Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. EFTA00188451 SPOILS OF SUCCESS Awn tqr Epstein's 70- acre island. Little St. lames. in the U.S.
Entities connected to both JPMorgan Chase and Academy of Sciences

Jeffrey Epstein
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Ghislaine Maxwell
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Marc Rich
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Eric Trump
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George W. Bush
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Alan Dershowitz
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Joi Ito
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Lesley Groff
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Lawrence Krauss
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U.S. Virgin Islands
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Condoleezza Rice
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Prince Andrew
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New York City
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Prince Charles
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Julie K. Brown
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Stephen Hawking
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