Word: canadas
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Dates: during 2000-2009
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Investors have deserted GE's stock over the last week like draft dodgers fleeing to Canada. The firm's shares fell more than 20% over the five trading days, and now sit near a multi-year low of just below $9, 25% of its 52-week high. Even though GE's financial services operation is only one of many parts of the company, its shares have done much worse over the last year than JPMorgan (JPM) or Goldman Sachs (GS). It is as if GE's large and healthy infrastructure business did not even exist...
...Obama thanked Canada for its contributions to the war in Afghanistan, where the country has lost 108 soldiers. But at their first meeting, he did not press Harper to extend Canada's military mission in that country, which expires...
...Earlier in the day, Canada's Governor-General, Michaëlle Jean, broke with protocol by buttonholing Obama at the airport for a private meeting that lasted 30 minutes. An immigrant from the impoverished Caribbean nation of Haiti, the former journalist and broadcaster is Canada's symbolic head of state, representing Queen Elizabeth...
...Under Canada's constitutional monarchy, the Governor-General normally keeps a low profile, particularly during state visits, but Jean raised eyebrows by breaking with this centuries-old tradition. It was the first of many unscripted moments. Upon arrival on Parliament Hill, feeling the gathering momentum of the Ottawa love-in, Obama took a minute to wave to a cheering crowd of more than 2,000 that had gathered on the wintry front lawn in freezing temperatures...
...Canadians overlooked Obama's one faux pas - mistakenly calling Ottawa "Iowa" - and seemed to appreciate his stop at a farmers' market to wow crowds and buy a Canadian cinnamon-and-sugar pastry known as a beaver tail. He has set a higher bar for the U.S.-Canada partnership than perhaps any President before. But with the goodwill generated from his first charm offensive, his chances of success look pretty good...