Henry Paulson

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    Goldman Sachs is responsible for the following ethical issues involving Greece: 1) Greece’s access to “off-balance sheet” (OBS) financing that resulted in a bribe for Goldman Sachs, 2) Greece being qualified for membership into the “European Monetary Union (EMU),” 3) Greece’s manipulation of global currency “exchange”/”interest rates” to continue its borrow and spend strategy, and 4) Greece’s need for a bailout by the “European Union (EU)” (Brooks & Dunn, 2015, p. 35). To further explain, Goldman Sachs provided the means for Greece to obtain OBS financing through establishing two different hedge funds that in turn allowed Greece to take advantage of historically low exchange rates using swaps of currency/interest rates. This allowed Greece to obtain “future cash flows” to reduce its debt, thereby meeting the qualifications for entry into the “EMU” (Brooks & Dunn, 2015, p. 35-36). However, when financial reporting requirements changed in 2002, Greece had to give full disclosure of these revenues. Unfortunately, Greece continued this borrow and spend strategy for years. As a result of impending collapse from floating debt that could no longer be exchanged or swapped, the “EU” in 2011 had no choice but to offer Greece a bailout totaling over $140 billion (Brooks & Dunn, 2015, p. 35). When asked about this, Goldman Sachs claimed they were not at fault as they had followed the laws in place at the time. Furthermore, they claim these two hedges would not have improved Greece’s…

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    Spencer Gareiss Ms. McCreery Business Management 18 May 2016 Goldman Sachs Group, Inc. Goldman Sachs Group is a global leader in investment banking and investment management because of their widely diverse client base and capabilities. Goldman Sachs manages individual investment portfolios, provides investment management services such as advising and controlling, perform securities, and finance massive innovative procedures. The spirit at Goldman Sachs is driven by entrepreneurship,…

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    Journalist Linda Ellerbee, once stated, "People are pretty much alike. It 's only that our differences are more susceptible to definition than our similarities." People do not realize how similar they are until they determine what they have in common. We can see that people accept our differences because our differences make us who we are. Linda Ellerbee 's statement reminded me of the main characters in the stories "The Devil and Tom Walker" and "Rip Van Winkle". Tom and Rip are two…

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    1920s Cars Essay

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    Cars of the 1920s started the age of the automobile which over time became faster, stronger, more fuel efficient and more reliable. Henry Ford plays a major role in the automotive industry in this time period. His model-T was and still is a very popular car. The cars of this time period could not reach very high speeds and the safety of these cars were dangerous. Cars were a new thing during the 1920s and have forever changed transportation and life of the average american. These cars changed…

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    What does Zinn mean by “Under Control?” What I believe Zinn means by using the phrase “under control” is that the government had the opposite of over control. It is apparent the government lacked control in just about every aspect during this time. Meaning the system was out of control because there was a lack of control. The first indication that the government was loosing control during this time was found in the view of the United States citizens. People no longer had any trust in or showed…

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    Assembly Line History

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    His long lasting legacy still stands strong. Henry Ford used assembly lines for Ford Motor Co. starting in 1913 (Nye, p.254). He revolutionized the way cars were built, once again. In addition, his idea created the inspiration to later on build manufacturing processes for other products. Ford was the first to use a ground breaking “Moving assembly line” (which was similar to what is used today) (History.com). His assembly lines involved the cars being on a mechanically moving platform that…

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    “Ever’body’s askin’ that. What we comin’ to? Seems to me we don’t never come to nothin’. Always on the way. Always goin’ and goin’,” Casy stated in chapter 13 of the Grapes of Wrath. The end of the novel is strange, and incredibly open-ended. It is never revealed what happens to the Joads or who finally makes it in the end. It isn’t even known if the starving man actually survives. The final act and image in the novel is also a bit out there, with Rose of Sharon suckling this grown man to keep…

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    Critical Pedagogy A lens through which the disadvantages faced by many people in regard to their ethnicity and gender, and how this effect their ability to learn, is the learning theory of critical pedagogy. This is similar to the theory of constructivism; both are opposed to the transmission model of communication and situate learners as active participants where they are posed problems and allowed to solve them (Lindauer, 2007). But, while constructivist learning focuses on creating valued…

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    Shakespeare’s Othello, The Moor of Venice is a play that portrays characters driven by jealousy to make hasty decisions. The play Othello is known for its themes that revolve around love, race, social classes and revenge. It is not Othello’s jealousy, but his credulity that is the prime cause of the tragedy. Othello who is known as a loving and carrying husband to Desdemona fell in trap of Iago’s plotting. Iago is known as a scheming and angry character who seeks to satisfy himself through…

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    Taxicab History

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    The first taxicab company in New York City was the Samuel's Electric Carriage and Wagon Company (E.C.W.C.), which began running 12 electric cabs in July 1897. The company ran until 1898 with up to 62 cabs operating until the company built the Electrobat electric car, and had up to 100 taxicabs running in total by 1899. By the early 1900s the Electric Vehicle company was running up to 1,000 electric taxicabs on the streets of New York City until, in January 1907, a fire destroyed 300 of these…

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