Goldman Sachs Term Paper Example | Topics and Well Written Essays - 2250 words

Goldman Sachs - Term Paper Example 2.A.i. Key Products and Services 7 2.A.ii.Function of Products and Services in the World of Investments 7 2.A.iii. Goldman Sachs’ Role in IPOs 8 2.B. Goldman Sachs’ Influence on the Capital Markets 8 2.B.i. Positive Influences 8 2.B.ii. Debated Influences Among Investors and other Firms/Companies 9 3. Role of Goldman Sachs in China 10 3.A. Key Investment Areas in China 10 3.A.i. Key Areas of Interest of Goldman Sachs in China 10 3.A.ii. Successful Cases/Engagements in China 11 3.B. Valuing China’s Present Economic Situation 11 3.B.i. Current Investment Climate in China- Views 11 3.B.ii. Forecasts for Future Prospects in China 11 4. Conclusion 12 4.A. Goldman Sachs’ Performance in the World of Investments 12 4.B. Goldman Sachs’ Role in China 12 References 13 1. Introduction to Goldman Sachs 1.A. Goldman Sachs History Goldman Sachs is an American investment bank that has its roots in Manhattan in New York City, having been founded there in 1869, with its key competencies being in general investment banking, financial services, the management of investments, and securities. It leads the world in the management of mergers and acquisitions, the provision of services tied to underwriting, the management of assets, as well as prime brokerage services that it is able to provide to individuals, companies, and countries. Once unassailable and with a pristine reputation built over its lifetime, the bank had seen its reputation and standing in the banking community tarnished as a result of its actuations during the financial crisis that erupted from 2007 and whose after effects are still being felt up to the present day. From its founding by Marcus Goldman in 1869, the firm emerged by the early part of the 20th century as one of the premier banking entities in the US, with expertise and market leadership in the establishment of the market for initial public offerings or IPOs. It was during the time after that, however, that the firm evolved from a trading company to an investment banking entity. The firm further evolved and developed into the 1999’s, to the point where it was able to launch its IPO of its own shares in 1999, transferring about 12 percent ownership of the firm into the hands of the investing public. Throughout this time and after, key personnel in Goldman Sachs went on to become key public officials managing the nation’s finances, as well as key executives in some of the country’s and the world’s major financial institutions, including Merrill Lynch and Citigroup. On the other hand, the controversies surrounding the alleged role of Goldman Sachs in inducing the financial crisis in 2007 and of aggravating the crisis have largely resulted in the reputation and fortunes of the investment bank being heavily hit in recent years, putting into doub t even its future prospects as a going concern and as a bastion of the capitalist system (Answers Corporation, 2012; Google, 2012; Thomson Reuters, 2012; Goldman Sachs, 2012; Taibbi, 2011; Taibbi, 2009; Smith, 2012). 1.B. Goldman Sachs Background The key activities of Goldman Sachs worldwide revolve around the management of investments, investment banking and securities management, as well as the provision of related financial services to countries, rich people, individuals, as well as corporations and other related entities. Its four business segments reflect its core businesses, which are Investment Management, Lending and Investing, Investment Banking, and Institutional Client Services. It has presence in key financial centers all over the world by way of vital offices, while being present likewise in a total of 30 countries Its key officers are the following (Google, 2012; Reuters Thomson, 2012): Lloyd C. Blankfein Chairman of the Board, Chief

On Fire Creation Essay Example | Topics and Well Written Essays - 750 words

On Fire Creation - Essay Example The work at hand tries to establish the ideas showing why fire can be a natural, technological and human-caused hazard generally within the community. Furthermore, the appropriate or relevant Emergency Operations Plan (EOP) that will be able to mitigate fire as a hazard is discussed. Fire can be a natural-caused hazard within the community. As explained earlier, it is possible to build up a fire when there is a remarkable presence of a higher temperature, fuel and oxygen. In the case of the on-going global warming phenomenon, fire is not impossible to take place anywhere knowing that a high temperature of the environment may possibly ignite combustion provided there is a potential fuel that can help develop the flames, naturally. However, this is common to take place in areas where there is extreme level of heat for the environment. In some cases, in the presence of lightening, the creation of fire is not impossible to take place, which at some point could further lead to ravage prop erties and even lives. There are reported cases when both properties and humans were significant subjects of a fire that was evidently due to a natural phenomenon such as lightening. It is therefore clear in this case that fire is developed naturally, and that is without the presence of significant human or technological intervention factors. On the other hand, fire can also be a technological-caused hazard in the community, working place and even at home at the most specific level. We heard many reports presenting us the significant reasons of fire in the community. A substantial number of them were due to the use of human technology. We heard how cellular phones exploded during its charging process which evidently led to the creation of fire. We received some reports how a micro-wave oven exploded leading to the inception of fire that ravaged properties and even lives. We heard how electricity led to the destruction of various personal or corporate properties and even lives at its worst case scenario. All of these are significant proofs we see around us, proving the point that fire can be a technological-caused hazard. In fact, various manuals linked to the use of our prevailing technologies have substantial information on how we can get rid of fire while using them. Even there are precautionary measures that are linked to these technologies so as instead of giving us hazard like fire, we can use them to optimize their promised design of usage. Finally, fire can be a human-caused hazard. Evidently, we cannot argue that it is we humans who are sometimes responsible for combining fuel and a high temperature in the presence of oxygen around us. Oxygen is one important element in the creation of fire that we can hardly control under the normal setting at home, job and in our community. Therefore, what we can only possibly do to contribute to the creation of fire is to provide fuel and ensure temperature is higher enough in order to spark a flame. In some cases, fire may be due to our failure to take the precautionary measures prior to the effective use of our technologies. At this point, although it is clear that the technology might have a great role to play in the actual creation of fire, our inability to take control of it also provides a great contribution to a hazard that the actual fire may present us. In addition, it is evident that we are indeed capable of producing fire, as we cook our foods, create goods, and develop various products and other offerings. On the process of making all of these, it may actually require us to create a fire, but we have to observe precautionary measures. Sometimes, our failure to employ the necessary actions may lead to the formation of fire which brings the