In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Q: Let's not focus on the amusing side question of why Goldman chose to alert Washington. Perhaps it was anticipating screaming politicans and populists who will argue that a firm that taxpayers just bailed out shouldn't be sending jobs overseas two years later. This incident could motivate a new anti-outsourcing stipulation in the terms for future bailouts. Oh wait, I forgot: there won't be future bailouts. 
  
 Maybe U.S. investment bankers need to unionize. Reports today indicate that Wall Street titan Goldman Sachs will be laying off a sizable chunk of U.S. bankers and hiring in other countries, starting with 1,000 new employees in Singapore. We're used to hearing about jobs in industries like manufacturing moving overseas, but now Wall Street? Is no industry safe or is something different going on here in the case of Goldman? 
  
 Instead, let's focus on the question of why -- why is Goldman moving jobs overseas? According to the excerpt above, the jobs will remain high-paying. So the bank might not be moving jobs overseas to save on labor costs -- like you see in some industries. This would make sense if the cost of living is much lower where the jobs are moving. After all, if pay is cut by the same proportion as the difference in cost-of-living, then even with worse pay the Goldman bankers in Singapore could still live like, well, Goldman bankers. 
  
  
  
 This doesn't appear to explain the jobs moving to Singapore, however. In Singapore the cost of living is higher than it is in New York City, according to Mercer's 2010 cost of living survey. 
  
  
  
 Instead, a couple of other factors could have led to this new strategy. One is regulation. Since last summer, Wall Street has been bracing for broad new rules to take effect. There are likely some trading and banking functions will be more expensive to engage in going forward in the U.S. and others that have been choked to death by red tape. 
  
  
  
 This reveals the problem with regulating without first ensuring global coordination. Other nations that might see some U.S. rules as excessive now have a competitive advantage and can successfully lure banks -- and their huge profits -- to their financial markets. 
  
 But the problem could also be motivated in part by economic expectations. The reality is that the U.S. will almost certainly have a very low rate of growth for the next decade. Even if the U.S. economy suddenly recovered dramatically, with unemployment dropping to 5% in a year, other factors will restrain growth. Austerity is coming. The Federal Reserve also must tighten money supply when the economy can better endure it. Both of those factors will create significant headwinds for growth. Developing nations, especially in Asia, which tend to grow at higher rates anyway, might not face as significant obstacles in the near term. Goldman may have noted this and is reorienting its workforce accordingly. 
  
 So this move may be best characterized as a bet against the U.S. economy and a way to escape some new U.S. regulation. Put simply: the U.S. is not the place to be anymore for big banking profits. 
  
  
  
 Seeing Goldman begin to take these steps isn't great news for the U.S. The bank tends to be out in front of the economic trends, as it was with its bet against mortgages in the final days of the housing bubble. If Goldman is right, then the U.S. is going to be in for a rough time over the next decade or so. And other Wall Street firms moving more workers overseas will make matters worse, as the U.S. will lose out on some of its highest paying jobs and the contribution to GDP growth that some lost banking profits would have provided. ||||| As Goldman Sachs (GS) plans major job cuts in the United States, the firm is planning to expand overseas with a major hiring spree in Singapore and taking the unusual step of alerting Congress before even it's widely known to its own shareholders, the FOX Business Network has learned. 
  
 Goldman is so concerned about the potential for criticism that the firms representatives have been alerting staffers of lawmakers in Washington of the hiring spree in recent weeks as a way to mollify any concerns they may have about previously undisclosed plans to add 1,000 jobs to the firms Singapore office, according to people in Washington with direct knowledge if the matter. Goldman is concerned about criticism because it is adding those jobs while it is planning what could be a significant retrenchment in its U.S. workforce, these people say. 
  
 With profits coming under pressure in the U.S., Goldman appears to be launching possibly the most aggressive effort among the big banks to expand operations overseas where the business climate is more favorable, analysts say. The firm is betting that if it can clamp down on any negative publicity by alerting Congressional leaders of the move first, it can continue to move jobs in higher growth areas globally, while it cuts jobs and slashes expenses in its lower-growth areas, such as its U.S. operations, people with knowledge of the matter say. 
  
 The jobs in Singapore are likely to be high-paying, skilled positions in sales and investment banking, the same types that are likely to be cut in the firms domestic operations, according to one person with knowledge of the matter. This person added that the firm has recently briefed people in Washington about the new overseas jobs because it is afraid of the fallout as it plans to slash $1 billion in costs over the next year a move that will mean a significant, though still undetermined number of layoffs across its operations, though people close to the firm expect the biggest hit to come from the US. Goldman also plans a much smaller expansion in its Brazil unit and in India. 
  
 Goldman has good reason to worry about the fallout. The firm has faced more than two years of intense media scrutiny, stiff criticism from lawmakers in Washington, and regulatory probes leading to big fines over its business practices. Goldmans chief executive Lloyd Blankfein has been a fixture at government hearings involving Wall Street activities, including those that led up to the 2008 financial collapse. US Senator Carl Levin has referred a report from his investigative committee to the U.S. Justice Department over some of the firms questionable deal making, and whether Blankfein had perjured himself during his testimony. 
  
 A spokesman for Goldman says neither the firm nor Blankfein did anything wrong. 
  
 Were a global business and we manage headcount in a way which most closely reflects the needs of our clients and where we see opportunities to serve our shareholders most effectively, the spokesman said. 
  
 With or without the bad press of firing people here while hiring overseas, Goldmans decision to expanding outside the US underscores the harsh reality of the current Wall Street business environment. Major banks are shifting jobs to foreign countries as a slowdown in business and increased regulatory burdens are squeezing profits from their domestic operations. 
  
 Lower trading volumes among US investors account for some of the earnings shortfall, of course. Less buying and selling of stocks means lower profits at the big banks. 
  
 But another major source of trouble for banks and investment firms is the new regulatory environment. Firms like Goldman have to conform to a plethora of new and costly regulations that came as a result of the 2008 financial collapse, and the massive government bailout of the big financial firms that followed. 
  
 Those regulations, found primarily in the Dodd/Frank financial reform bill sponsored by former Senate banking committee chairman Chris Dodd, and his counterpart in the House, Congressman Barney Frank, have forced banks to hold higher capital reserves to protect against losses, and also forced them to exit some lucrative businesses like proprietary trading. 
  
 The limits on trading have hit Goldman particularly hard since the firm had made fat profits from using its own capital to take risk and trade securities in various markets, even as the same types of activities led to the firms near-death experience in 2008. Shares of Goldman Sachs have fallen around 25% since the beginning of the year as investors have digested what the new rules might mean to Goldman and the rest of Wall Streets bottom lines. 
  
 Charles Gasparino joined FOX Business Network (FBN) in February 2010 as Senior Correspondent. |||||
A: 
Goldman Sachs is planning a major hiring spree in Singapore, even as it prepares to slash its headcount in the US to cut costs. The financial giant is so worried about criticism over the job shift that it has taken the unusual step of notifying lawmakers about its hiring plans, insiders tell Fox News. The 1,000 jobs the company is adding in Singapore will mostly be the same kind of high-paying investment banking positions that Goldman plans to cut in the US, a source says. Goldman's shifting of jobs overseas is likely to spell bad news for more than just Wall Street bankers, according to Daniel Indiviglio at the Atlantic. It looks like the firm is both aiming to escape new financial regulation and betting against the US economy, he writes—and Goldman has a history of being ahead of economic trends. "If Goldman is right, then the US is going to be in for a rough time over the next decade or so. And other Wall Street firms moving more workers overseas will make matters worse," he concludes.