HOUSE_OVERSIGHT_021052.jpg
1.34 MB
Extraction Summary
1
People
7
Organizations
6
Locations
6
Events
0
Relationships
3
Quotes
Document Information
Type:
Presentation slides / financial report (kpcb)
File Size:
1.34 MB
Summary
The document consists of two slides from a KPCB presentation titled 'USA Inc. | Consequences of Inaction' (pages 421-422). It analyzes historical financial crises to contextualize American financial challenges, listing specific debt figures for sovereign crises (Greece, Dubai, Argentina, Russia), local issues (NYC 1975), and corporate bankruptcy (General Motors 2009). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Mark Twain | Author/Historical Figure |
Quoted in the header of the second slide ('History Doesn’t Repeat Itself, But It Often Rhymes')
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Organizations (7)
| Name | Type | Context |
|---|---|---|
| KPCB (Kleiner Perkins Caufield & Byers) |
Logo and website URL in footer
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| USA Inc. |
Listed in footer as document title
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| General Motors |
Listed under Corporate Bankruptcy example
|
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| IMF (International Monetary Fund) |
Cited as source for sovereign data points
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| World Bank |
Cited as source for sovereign data points
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| California Research Bureau |
Cited as source for NYC data point
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| House Oversight Committee |
Implied by Bates stamp 'HOUSE_OVERSIGHT'
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Timeline (6 events)
Locations (6)
| Location | Context |
|---|---|
|
Mentioned in slide 1 regarding financial challenges
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Listed as Sovereign Credit Crisis example (2010)
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Listed as Sovereign Credit Crisis example (2009)
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Listed as Sovereign Credit Crisis example (2001)
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Listed as Sovereign Credit Crisis example (1998)
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Listed as State/Local Financial Woes example (1975)
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Key Quotes (3)
"Financial Challenges for Countries are Not Uncommon"Source
HOUSE_OVERSIGHT_021052.jpg
Quote #1
"History Doesn’t Repeat Itself, But It Often Rhymes"Source
HOUSE_OVERSIGHT_021052.jpg
Quote #2
"Of course, there are no exact precedents for the financial challenges faced by America and many other countries in the world today."Source
HOUSE_OVERSIGHT_021052.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,278 characters)
Financial Challenges for Countries are Not Uncommon
Of course, there are no exact precedents for the financial challenges faced by America and many other countries in the world today.
Yet a quick overview of a few government and corporate financial crises may illustrate how managements have addressed – or failed to address – the problems of their day.
KP
CB www.kpcb.com
USA Inc. | Consequences of Inaction 421
CB www.kpcb.com
USA Inc. | Consequences of Inaction 421
History Doesn’t Repeat Itself, But It Often Rhymes¹ –
What Can We Learn From These Credit Crises?
What Can We Learn From These Credit Crises?
Sovereign
Credit Crisis
Credit Crisis
2010 – Greece
($374B Debt Outstanding –
113% of GDP)
($374B Debt Outstanding –
113% of GDP)
2009 – Dubai
($26B – 32% of GDP)
($26B – 32% of GDP)
2001 – Argentina
($132B – 130% of GDP)
($132B – 130% of GDP)
1998 – Russia
($73B – 27% of GDP)
($73B – 27% of GDP)
State / Local
Financial Woes
Financial Woes
1975 – New York City
($14B* Debt Outstanding)
($14B* Debt Outstanding)
Corporate
Bankruptcy
Bankruptcy
2009 – General Motors
($95B Debt Outstanding)
($95B Debt Outstanding)
Note: 1) Attributed to Mark Twain. *NYC government and subsidiaries had $14B debt outstanding in 1975. Adjusting for inflation, $14B of 1975 dollars would have been ~$50B in today’s dollars. Source: sovereign data points per IMF and World Bank. NYC data point per California Research Bureau “Overview of New York City’s Fiscal Crisis,” 3/1/1995.
KP
CB www.kpcb.com
USA Inc. | Consequences of Inaction 422
KP
CB www.kpcb.com
USA Inc. | Consequences of Inaction 422
HOUSE_OVERSIGHT_021052
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