Goldman Sachs

Boston Globe Review Jacqueline Novogratz’s memoir, The Blue Sweater, is eye opening, inspiring and thought provoking. Written and published in 2009, the book quickly grew in popularity and instantly became a New York Times Bestseller. It begins with an embarrassing memory from high school, where the author, Jacqueline Novogratz, is harassed for the shrinking blue sweater that her uncle had given her. That same day, she immediately goes home, boxes up the sweater and donates it to goodwill,…

Possibly the biggest economic policy accomplishment the government has made under president Obama is the establishment of the Consumer Financial Protection Bureau. The agency was founded in 2011, and has helped millions of Americans recover money from the banks that victimized them. Right now the organization is under threat of being closed down by Republicans. If the CFPB is closed down consumer stand to lose possibly their biggest Ally in the financial world. If this does happen it will not be…

The most important benefit of pharmaceutical drugs is the fact that it helps enhance one’s health. There have been great health outcomes from using the drugs. According to the U.S. Bureau of Labor Statistics (2012), the pharmaceutical industry has helped to develop and produce products that help treat a variety of diseases in which saving millions of lives and helping people suffering from diseases and illnesses to recover and lead more productive lives. In order to get these drugs to be sold to…

Streeck lambasts modern capitalism for the greed and corruption that has become associated with it. Streeck argues that “finance is an ‘industry’ where innovation is hard to distinguish from rule-bending or rule-breaking; where the payoffs from semi-legal and illegal activities are particularly high” (Streeck 61). These capitalist entities, “too big to jail” (Streeck 61), have morally decayed beyond repair. According to Streeck, this will result in cynicism of capitalism. Streeck’s vision…

David and Goliath written by Malcolm Gladwell is a book on how we perceive the concept privilege. We often assume people with higher degree of privilege will benefits more from the society than those who does not. The author disagree and explain why this is not the case. Through out the book, he applies the economical concept the law of marginal diminishing return to explain stories of successful people that benefitted from being an underdog. The story of David and Goliath is one the greatest…

A building with an unstable and weak foundation will eventually fall, and the same is for human beings. Wrongful acts and unethical behavior will arise if human morality is built around selfish and negative values. However, if human behavior is built around a strong foundation of ethical values, humans will make good decisions even in times of adversity and temptation. For that reason, I believe that a positive impact in the world can only be achieved if the foundation of our character is built…

According to Goldman Sachs, Tesla is 80% vertically integrated with most of its parts made in-house, which significantly lowers its costs. Additionally, it has almost completed the Gigafactory, a huge battery plant that will supply the batteries necessary for the EV manufacturing…

In China, luxury counterfeit becomes the substitute good of luxuries because it acts as a perfect camouflage to prevent people who are unable or unwilling to pay for the real from being marginalized by the higher social circle. Nowadays, an increasing number of Chinese consumers rely heavily on look-alike luxury products to create self-actualization and fulfill their desired social identities. This paper primarily addresses how luxury counterfeits satisfy Chinese consumer’s identity desires and…

diminishment of American influence. A notion further supported by the fact that some economists believe China will soon outpace the United States in terms of GDP. This argument was seemingly given further credence when Jim O’Neill the former … of Goldman Sachs and the person who coined the term BRICs, said that, “world policymaking forums should be re-organized and in particular, the G7 should be adjusted to incorporate BRIC representatives.” (O’Neill) The question remains however, do such…

Many students are getting their college acceptance letters in the mail this time of year, but what about the kids who aren’t going? Proponents of college argue that a college degree is necessary because it makes you significantly more money over your lifespan, however the amount is not as much as one would think (Doyne). Also, when people say a college degree is necessary, what is it necessary for; wealth, success, or happiness? Lots of students are no longer buying into this college myth, but…