Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, an entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder, the insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the policy is called the premium. If the insured experiences a loss which is covered by the insurance policy. Methods for transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessels capsizing. The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c.1750 BC, and practiced by early Mediterranean sailing merchants.
If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the guarantee to cancel the loan should the shipment be stolen. At some point in the 1st millennium BC, the inhabitants of Rhodes created the general average and this allowed groups of merchants to pay to insure their goods being shipped together. The collected premiums would be used to any merchant whose goods were jettisoned during transport. Separate insurance contracts were invented in Genoa in the 14th century, the first known insurance contract dates from Genoa in 1347, and in the next century maritime insurance developed widely and premiums were intuitively varied with risks. These new insurance contracts allowed insurance to be separated from investment, Insurance became far more sophisticated in Enlightenment era Europe, and specialized varieties developed. Property insurance as we know it today can be traced to the Great Fire of London, initially,5,000 homes were insured by his Insurance Office.
At the same time, the first insurance schemes for the underwriting of business ventures became available, by the end of the seventeenth century, Londons growing importance as a center for trade was increasing demand for marine insurance. These informal beginnings led to the establishment of the insurance market Lloyds of London and several related shipping, the first life insurance policies were taken out in the early 18th century. The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706 by William Talbot, edward Rowe Mores established the Society for Equitable Assurances on Lives and Survivorship in 1762. In the late 19th century, accident insurance began to become available and this operated much like modern disability insurance. The first company to offer accident insurance was the Railway Passengers Assurance Company, by the late 19th century, governments began to initiate national insurance programs against sickness and old age
Spring Street Financial District
The Spring Street Financial District, referred to as the Wall Street of the West, is a historic district in Downtown Los Angeles. In the first half of the 20th Century, this stretch of Spring Street was the center of Los Angeles, with the important banks. Ten of the buildings in the district have been designated as Historic-Cultural Monuments by the Los Angeles Cultural Heritage Commission, in the 1890s, the citys business center was further north near South Spring and Temple Streets. The street can claim credit as the birthplace of the picture business in Los Angeles. In 1898, Thomas Edison filmed a 60-second film titled South Spring Street Los Angeles California, in the early 1900s, the city center began spreading south, and the citys banks and financial institutions began concentrating along South Spring Street. The first two important buildings to make the south were the Hellman and Continental Buildings, with the Continental Building being considered the citys first skyscraper. In 1911, the Los Angeles Times boasted about the building boom on Spring Street and it is a study which will provide the most comprehensible kind of answer to the query as to why Los Angeles is leading San Francisco, Seattle, St.
The building boom along South Spring Street continued into the 1920s as the population, South Spring Street remained the citys financial center even after World War II. In the 1960s, many of the banks and financial institutions began moving to the part of the downtown area, along Figueroa Street. By the early 1980s, South Spring Street had become known for transients who sleep in doorways, since the early 1980s, South Spring Street has been the subject of numerous redevelopment projects. In recent years, numerous art galleries have moved into the old financial district, many of the old bank buildings have been converted into upscale lofts. As wealthier residents have moved into the districts lofts, older residents and artists have complained about the increased rents, one artist who had lived in the district for years said, The real problem with downtown lately and his friends half-jokingly agreed is those people. New tenants who demand their bohemian pleasures be liberally sweetened with suburban amenities, landlords who previously recruited artists to help make downtown safe for gentrification, jacked up their rents so only lawyers and screenwriters could afford it.
The strength of the district remains its period architecture, in 1985, noted Los Angeles Times columnist Jack Smith pointed to the Spring Street Financial District as proof that Los Angeles was never the cultural wasteland it was alleged to be. He hailed the districts financial palaces as an architectural achievement which give the street beauty, strength. The Hellman Building, now known as Banco Popular, is an eight-story brick, in 1998, Gilmore Associates announced plans to convert the Hellman Building, the Continental Building, and the San Fernando Building into 230 lofts. The converted buildings consisted of large, open lofts with high ceilings, the conversion was designed by architect Wade Killefer, who noted, What lends these buildings to residential use is lots of windows and high ceilings, offering wonderful light. The combined project became known as the Old Bank District lofts, the Continental Building 408 S. Spring Street – Built in 1902, the Continental Building was originally known as the Braly Building
Citigroup Inc. or Citi is an American multinational investment banking and financial services corporation headquartered in Manhattan, New York City. The company was formed by the merger of banking giant Citicorp, Citigroup ranks 3rd on the list of largest banks in the United States by assets and is one of the Big Four banks in the United States, alongside JPMorgan Chase, Bank of America, and Wells Fargo. In addition to U. S. money managers, its largest shareholders include Abu Dhabi, Prince Al-Waleed bin Talal, the company is one of 24 primary dealers in United States Treasury securities. Citigroup has over 200 million customer accounts and does business in more than 160 countries, Citigroup has 219,000 employees, although it had 357,000 employees at its height before the financial crisis of 2007-2008. Citigroup suffered huge losses during the crisis of 2007-2008 and was rescued in November 2008 in a massive stimulus package by the U. S. government. Citigroup was formed on October 9,1998, following the $140 billion merger of Citicorp and Travelers Group to create the worlds largest financial services organization.
As such, the history dates back to the founding of. City Bank of New York was chartered by New York State on June 16,1812, serving a group of New York merchants, the bank opened for business on September 14 of that year, and Samuel Osgood was elected as the first President of the company. The companys name was changed to The National City Bank of New York in 1865 after it joined the new U. S. national banking system, and it became the largest American bank by 1895. The bank changed its name to The First National City Bank of New York in 1955, the bank introduced its First National City Charge Service credit card—popularly known as the Everything card and to become MasterCard—in 1967. In 1976, under the leadership of CEO Walter B, First National City Bank was renamed as Citibank, N. A. Shortly afterward, the bank launched the Citicard, which pioneered the use of 24-hour ATMs, john S. Reed was elected CEO in 1984, and Citi became a founding member of the CHAPS clearing house in London. Travelers Group, at the time of merger, was a group of financial concerns that had been brought together under CEO Sandy Weill.
Its roots came from Commercial Credit, a subsidiary of Control Data Corporation that was taken private by Weill in November 1986 after taking charge of the company earlier that year. Two years later, Weill mastered the buyout of Primerica—a conglomerate that had bought life insurer A L Williams as well as stock broker Smith Barney. The new company took the Primerica name, and employed a cross-selling strategy such that each of the entities within the parent company aimed to sell each others services and its non-financial businesses were spun off. With the acquisition, the group became Travelers Inc, Property & casualty and life & annuities underwriting capabilities were added to the business. Meanwhile, the distinctive Travelers red umbrella logo, which was acquired in the deal, was applied to all the businesses within the newly named organization
Western United States
The Western United States, commonly referred to as the American West, the Far West, or simply the West, traditionally refers to the region comprising the westernmost states of the United States. Because European settlement in the U. S. expanded westward after its founding, prior to about 1800, the crest of the Appalachian Mountains was seen as the western frontier. Since then, the frontier moved westward and eventually lands west of the Mississippi River came to be referred to as the West. The West contains several major biomes, the Western U. S. is the largest region of the country, covering more than half the land area of the United States. Given this expansive and diverse geography it is no wonder the region is difficult to specifically define, a majority of the historian respondents placed the eastern boundary of the West east of the Census definition out on the eastern edge of the Great Plains or on the Mississippi River. The survey respondents as a whole showed just how little agreement there was on the boundaries of the West, within a region as large and diverse as the Western United States, smaller areas with more closely shared demographics and geography have developed as subregions.
Meanwhile, the states of Idaho, Montana and Washington can be considered part of the Northwest or Pacific Northwest, West Texas in the Chihuahuan Desert may be considered as part of the Western U. S. Fort Worth has long laid claim to be Where the West Begins, the West is still one of the most sparsely settled areas in the United States with 49.5 inhabitants per square mile. Only Texas with 78.0 inhabitants/sq mi, Washington with 86.0 inhabitants/sq mi. and California with 213.4 inhabitants/sq mi. exceed the national average of 77.98 inhabitants/sq mi. The entire Western region has strongly influenced by European, Hispanic or Latino and Native Americans. African and European Americans, continue to wield a stronger political influence because of the rates of citizenship and voting among Asians. The West contains much of the Native American population in the U. S. particularly in the reservations in the Mountain. The Western United States has a sex ratio than any other region in the United States.
Because the tide of development had not yet reached most of the West when conservation became an issue, agencies of the federal government own. National parks are reserved for activities such as fishing, camping and boating, but other government lands allow commercial activities like ranching, logging. The largest city in the region is Los Angeles, located on the West Coast, Other West Coast cities include San Diego, San Bernardino, San Jose, San Francisco, Bakersfield, Seattle and Portland. Prominent cities in the Mountain States include Denver, Colorado Springs, Tucson, Las Vegas, Salt Lake City, Boise, El Paso, and Cheyenne. Along the Pacific Ocean coast lie the Coast Ranges and they collect a large part of the airborne moisture moving in from the ocean
Lower Manhattan is defined most commonly as the area delineated on the north by 14th Street, on the west by the Hudson River, on the east by the East River, and on the south by New York Harbor. The Lower Manhattan business district forms the core of the area below Chambers Street and it includes the Financial District and the World Trade Center site. At the islands southern tip is Battery Park, City Hall is just to the north of the Financial District, south of Chambers Street are the planned community of Battery Park City and the South Street Seaport historic area. The neighborhood of TriBeCa straddles Chambers on the west side, at the streets east end is the giant Manhattan Municipal Building, North of Chambers Street and the Brooklyn Bridge and south of Canal Street lies most of New Yorks oldest Chinatown neighborhood. Many court buildings and other government offices are located in this area. The Lower East Side neighborhood straddles Canal, North of Canal Street and south of 14th Street are the neighborhoods of SoHo, the Meatpacking District, the West Village, Greenwich Village, Little Italy and the East Village.
Between 14th and 23rd streets are lower Chelsea, Union Square, the Flatiron District, the area that would eventually encompass modern day New York City was inhabited by the Lenape people. These groups of culturally and linguistically identical Native Americans traditionally spoke an Algonquian language now referred to as Unami, European settlement began with the founding of a Dutch fur trading post in Lower Manhattan, called New Amsterdam in 1626. The first fort was built at the Battery to protect New Netherland, soon thereafter, most likely in 1626, construction of Fort Amsterdam began. Later, the Dutch West Indies Company imported African slaves to serve as laborers, they helped to build the wall that defended the town against English, early directors included Willem Verhulst and Peter Minuit. Willem Kieft became director in 1638 but five years was embroiled in Kiefts War against the Native Americans, the Pavonia Massacre, across the Hudson River in present-day Jersey City resulted in the death of 80 natives in February 1643.
Following the massacre, Algonquian tribes joined forces and nearly defeated the Dutch, the Dutch Republic sent additional forces to the aid of Kieft, leading to the overwhelming defeat of the Native Americans and a peace treaty on August 29,1645. On May 27,1647, Peter Stuyvesant was inaugurated as director general upon his arrival, the colony was granted self-government in 1652, and New Amsterdam was formally incorporated as a city on February 2,1653. The first mayors of New Amsterdam, Arent van Hattem and Martin Cregier, were appointed in that year, in 1664, the English conquered the area and renamed it New York after the Duke of York. At that time, people of African descent made up 20% of the population of the city, with European settlers numbering approximately 1,500, during the mid 1600s, farms of free blacks covered 130 acres where Washington Square Park developed. The Dutch briefly regained the city in 1673, renaming the city New Orange, the new English rulers of the formerly Dutch New Amsterdam and New Netherland renamed the settlement New York.
As the colony grew and prospered, sentiment grew for greater autonomy, by 1700, the Lenape population of New York had diminished to 200. By 1703, 42% of households in New York had slaves, the 1735 libel trial of John Peter Zenger in the city was a seminal influence on freedom of the press in North America
National Westminster Bank, commonly known as NatWest, is a large retail and commercial bank in the United Kingdom. It was established in 1968 by the merger of National Provincial Bank, since 2000 it has been part of the Royal Bank of Scotland Group. Today it has more than 7.5 million personal customers and 850,000 small business accounts, in Ireland it operates through its Ulster Bank subsidiary. NatWest was named a runner-up for the Best Business Banking Provider category at the British Bank Awards 2016, the banks origins date back to 1658 with the foundation of Smiths Bank of Nottingham. Westminster Foreign Bank was restyled International Westminster Bank in 1973, duncan Stirling, outgoing chairman of Westminster Bank, became first chairman of the fifth largest bank in the world. In 1969 David Robarts, former chairman of National Provincial, assumed Stirlings position, in 1975 it was one of the first London banks to open a representative office in Scotland. It was a member of the Joint Credit Card Company which launched the Access credit card in 1972.
The same banks, excluding Lloyds, were responsible for the introduction of the Switch debit card in 1988. Deregulation in the 1980s, culminating in the Big Bang in 1986, County Bank, its merchant banking subsidiary formed in 1965, acquired various stockbroking and jobbing firms to create the investment banking arm County NatWest. The Action Bank advertising campaign spearheaded a new marketing-led approach to business development, in 1982, the Frankfurt office of International Westminster Bank merged with Global Bank AG to form Deutsche Westminster Bank. In 1985, Banco NatWest España was formed and National Westminster Bank SA was incorporated in 1988, taking over the six branches in France. In 1989, International Westminster Bank was merged into National Westminster Bank by Act of Parliament, completed in 1980, the bank built the National Westminster Tower in London to serve as its international headquarters. Also worthy of note is National Westminster House in Birmingham, the building was sold to British Land in 2007, the banks expansion strategy hit trouble with the stock market crash of 1987 and involvement in the financial scandal surrounding the collapse of Blue Arrow.
The Department of Trade and Industry report on the affair was critical of the management and resulted in the resignation of several members of the board. Later, the bank would divest its overseas subsidiaries, the North American operations were sold to Fleet Bank and Hong Kong Bank of Canada, and the Australian and New Zealand branches were sold to Salomon Smith Barney and the National Australia Bank. Thereafter the bank concentrated on its domestic business as the restyled NatWest Group. In 1993, the NatWest Tower was devastated by a Provisional IRA bomb, then, in 1997, NatWest Markets, the corporate and investment banking arm formed in 1992, revealed that a £50m loss had been discovered, revised to £90. 5m after further investigations. The banks move into complicated derivative products that it did not fully understand seemed to indicate poor management, by the end of 1997 parts of NatWest Markets had been sold, others becoming Greenwich NatWest in 1998
Royal Bank of Canada
The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada. The bank serves over 16 million clients and has 80,000 employees worldwide, the company corporate headquarters are located in Toronto, Ontario. The bank was founded in 1864 in Halifax, Nova Scotia, RBC Bank was the U. S. banking subsidiary with 439 branches across six states in the Southeast, which served more than a million customers. RBC has 127 branches across seventeen countries in the Caribbean, RBC Capital Markets is RBCs worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Investment banking services are provided through RBC Bank and the focus is on middle market clients. In 2011, RBC was the largest Canadian company by revenue, and was ranked at #50 in the 2013 Forbes Global 2000 listing. The company has operations in Canada, and 40 other countries and had US$673.2 billion of assets under management in 2014, by 1869 the Merchants Bank was officially incorporated and received its federal charter in the same year.
During the 1870s and 1880s the bank expanded into the other Maritime Provinces, when both the Newfoundland Commercial Bank and Union Bank of Newfoundland collapsed on 10 December 1894, the Merchants Bank expanded to Newfoundland in 31 January 1895. As the bank grew executives changed its name to reflect its growth, in 1901, the Merchants Bank of Halifax changed its name to the Royal Bank of Canada. The centre of the Canadian financial industry had moved from Halifax to Montreal, in 1910, RBC merged with the Union Bank of Halifax. In the same year it built a branch in Winnipeg, Manitoba—designed by Carrère and Hastings. To improve its position in Ontario, RBC merged with Traders Bank of Canada in 1912 and in 1917 RBC merged with Quebec Bank, Union Bank of Canada had moved its headquarters to Winnipeg in 1912, and had built a strong presence in the Prairies. In 1935, RBC merged with Crown Saving, s and Loan Co. merged with Industrial Mortgage & Trust Co, RBC installed its first computer in 1961, the first in Canadian banking.
In the 1960s, RBC Insurance was created, in 1968, it merged with Ontario Loan and Debenture Company. In 1993, RBC merged with Royal Trust, in 1998, RBC acquired Security First Network Bank in Atlanta—the first pure Internet bank. In 2000, RBC merged merchant credit/debit card acquiring business with BMO Bank of Montreals to form Moneris Solutions, in 2013, RBC completed the acquisition of the Canadian subsidiary of Ally Financial. RBC Insurance is the largest Canadian bank-owned insurance organization, with services to five million people. It provides life, travel and auto and reinsurance products as well as creditor,1882 - Merchants Bank of Halifax opened an office in Bermuda
Jersey City, New Jersey
Jersey City is the second-most-populous city in the U. S. state of New Jersey after Newark. It is the seat of Hudson County as well as the countys largest city. 7% from the 2010 United States Census, when the citys population was at 247,597, ranking the city the 75th-largest in the nation. Part of the New York metropolitan area, Jersey City is bounded on the east by the Hudson River and Upper New York Bay and on the west by the Hackensack River and Newark Bay. After a peak population of 316,715 measured in the 1930 Census, the land comprising what is now Jersey City was inhabited by the Lenape, a collection of tribes. After spending nine days surveying the area and meeting its inhabitants, by 1621, the Dutch West India Company was organized to manage this new territory and in June 1623, New Netherland became a Dutch province, with headquarters in New Amsterdam. Michael Reyniersz Pauw received a grant as patroon on the condition that he would establish a settlement of not fewer than fifty persons within four years.
He chose the west bank of the North River and purchased the land from the Lenape and this grant is dated November 22,1630 and is the earliest known conveyance for what are now Hoboken and Jersey City. Pauw, was a landlord who neglected to populate the area and was obliged to sell his holdings back to the Company in 1633. That year, a house was built at Communipaw for Jan Evertsen Bout, superintendent of the colony, during Kiefts War, approximately eighty Lenapes were killed by the Dutch in a massacre at Pavonia on the night of February 25,1643. Scattered communities of farmsteads characterized the Dutch settlements at Pavonia, Harsimus, Paulus Hook, Hoebuck and other lands behind Kil van Kull. The first village established on what is now Bergen Square in 1660, among the oldest surviving houses in Jersey City are the Newkirk House, the Van Vorst Farmhouse, and the Van Wagenen House. During the American Revolutionary War, the area was in the hands of the British who controlled New York, in the Battle of Paulus Hook Major Light Horse Harry Lee attacked a British fortification on August 19,1779.
During the 19th century, former slaves reached Jersey City on one of the four routes of the Underground Railroad that led to the city. The City of Jersey was incorporated by an act of the New Jersey Legislature on January 28,1820, from portions of Bergen Township, while the area was still a part of Bergen County. The city was reincorporated on January 23,1829, and again on February 22,1838, on February 22,1840, it became part of the newly created Hudson County. Soon after the Civil War, the idea arose of uniting all of the towns of Hudson County east of the Hackensack River into one municipality. A bill was approved by the legislature on April 2,1869. An element of the bill provide that only contiguous towns could be consolidated, while a majority of the voters across the county approved the merger, the only municipalities that had approved the consolidation plan and that adjoined Jersey City were Hudson City and Bergen City
Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in Lower Manhattan, New York City, with additional offices in other international financial centers. The firm provides asset management and acquisitions advice, prime brokerage, and securities underwriting to its clients, which include corporations and individuals. The firm engages in making and private equity deals. The loan was made in November 2008 and repaid with interest in June 2009, the list of former employees of Goldman Sachs who moved on to government positions includes former U. S. In addition, former Goldman employees have headed the New York Stock Exchange, the World Bank, Goldman Sachs was founded in New York in 1869 by Marcus Goldman. In 1882, Goldmans son-in-law Samuel Sachs joined the firm, in 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co. The company made a name for itself pioneering the use of paper for entrepreneurs.
By 1898, the firms capital stood at $1.6 million, Goldman entered the initial public offering market in 1906 when it took Sears and Company public. The deal occurred due to Henry Goldmans personal friendship with the owner of Sears, other IPOs followed, including F. W. Woolworth and Continental Can. In 1912, Henry S. Bowers became the first non-family member, in 1917, under growing pressure from the other partners in the firm due to his pro-German stance, Henry Goldman resigned. Control of the firm was now in the hands of the Sachs family, waddill Catchings joined the company in 1918. In 1920, the firm moved from 60 Wall Street to $1.5 million 12-story premises on 30–32 Pine Street, by 1928, Catchings was the Goldman partner with the single largest stake in the firm. On December 4,1928, the firm launched the Goldman Sachs Trading Corp. a closed-end fund, the fund failed during the Stock Market Crash of 1929, amid accusations that Goldman had engaged in share price manipulation and insider trading.
In 1930, the firm ousted Catchings, and Sidney Weinberg assumed the role of partner and shifted Goldmans focus away from trading. It was Weinbergs actions that helped to some of Goldmans tarnished reputation. On the back of Weinberg, Goldman was lead advisor on the Ford Motor Companys IPO in 1956, under Weinbergs reign the firm started an investment research division and a municipal bond department. It was at time that the firm became an early innovator in risk arbitrage. For most of the 1950s and 1960s, this would be Weinberg, Levy was a pioneer in block trading and the firm established this trend under his guidance
Denver, officially the City and County of Denver, is the capital and most populous municipality of the U. S. state of Colorado. Denver is in the South Platte River Valley on the edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is immediately east of the confluence of Cherry Creek with the South Platte River, Denver is nicknamed the Mile-High City because its official elevation is exactly one mile above sea level, making it the highest major city in the United States. The 105th meridian west of Greenwich, the reference for the Mountain Time Zone. Denver is ranked as a Beta- world city by the Globalization and World Cities Research Network. With a 2015 estimated population of 682,545, Denver ranks as the 19th-most populous U. S. city, and with a 2. 8% increase in 2015, the city is the fastest-growing major city in the United States. The 10-county Denver-Aurora-Lakewood, CO Metropolitan Statistical Area had an estimated 2015 population of 2,814,330 and ranked as the 19th most populous U. S. metropolitan statistical area.
The 12-city Denver-Aurora, CO Combined Statistical Area had an estimated 2015 population of 3,418,876, which ranks as the 16th most populous U. S. metropolitan area. Denver is the most populous city of the 18-county Front Range Urban Corridor, Denver is the most populous city within a 500-mile radius and the second-most populous city in the Mountain West after Phoenix, Arizona. In 2016, Denver was named the best place to live in the USA by U. S. News & World Report and this was the first historical settlement in what was to become the city of Denver. The site faded quickly, and by the summer of 1859 it was abandoned in favor of Auraria, Larimer named the townsite Denver City to curry favor with Kansas Territorial Governor James W. Denver. Larimer hoped the name would help make it the county seat of Arapaho County but, unbeknownst to him. The location was accessible to existing trails and was across the South Platte River from the site of seasonal encampments of the Cheyenne, the site of these first towns is now the site of Confluence Park near downtown Denver.
Larimer, along with associates in the St. Charles City Land Company, sold parcels in the town to merchants and miners, Denver City was a frontier town, with an economy based on servicing local miners with gambling, saloons and goods trading. In the early years, land parcels were often traded for grubstakes or gambled away by miners in Auraria, in May 1859, Denver City residents donated 53 lots to the Leavenworth & Pikes Peak Express in order to secure the regions first overland wagon route. Offering daily service for passengers, mail and gold, in 1863, Western Union furthered Denvers dominance of the region by choosing the city for its regional terminus. The Colorado Territory was created on February 28,1861, Arapahoe County was formed on November 1,1861, Denver City served as the Arapahoe County Seat from 1861 until consolidation in 1902. In 1867, Denver City became the territorial capital, with its newfound importance, Denver City shortened its name to Denver
The news media or news industry are those elements of the mass media that focus on delivering news to the general public or a target public. These include print media, broadcast news, and more recently the Internet, a medium is a carrier of something. Common things carried by media include information, art, or physical objects, a medium may provide transmission or storage of information or both. The industries which produce news and entertainment content for the media are often called the media. In the late 20th century it became commonplace for this usage to be construed as singular rather than as the traditional plural, broadcasting is the distribution of audio and video signals to a number of recipients that belong to a large group. This group may be the public in general, or a large audience within the public. Thus, an Internet channel may distribute text or music worldwide, the sequencing of content in a broadcast is called a schedule. Television and radio programs are distributed through radio broadcasting or cable, by coding signals and having decoding equipment in homes, the latter enables subscription-based channels and pay-per-view services.
A broadcasting organization may broadcast several programs at the time, through several channels, for example BBC One. On the other hand, two or more organizations may share a channel and each use it during a part of the day. Digital radio and digital television may transmit multiplexed programming, with several channels compressed into one ensemble, when broadcasting is done via the Internet the term webcasting is often used. Broadcasting forms a large segment of the mass media. Broadcasting to a narrow range of audience is called narrowcasting. In a broadcast system, journalists or reporters are involved editing the video material that has been shot alongside their research. Broadcast journalists often make an appearance in the story at the beginning or end of the video clip. In television or broadcast journalism, news analysts examine, anchors present this as news, either videotaped or live, through transmissions from on-the-scene reporters. News films can vary in length, there are some which may be as long as ten minutes, others that need to fit in all the relevant information and material in two or three minutes.
News channels these days have begun to host special documentary films that stretch for much longer durations and are able to explore a news subject or issue in greater detail