Word: sitting
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...specifically avoided getting input from the financial sector before announcing his plan to fix the nation's ailing banks. Indeed, representatives of the American Bankers Association and the Securities Industry & Financial Markets Association, which lobby for large banks and Wall Street firms, respectively, say they have yet to have sit-downs with Geithner. A number of industry insiders say Geithner's early-February policy speech, which got a poor reception, would have gone better and had more detail if he'd had more meetings with financial executives. Geithner, though, didn't want it to seem as if Wall Street...
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...
...better understand the world," he concluded. Look for lots of this sort of boasting in Obama's speech before Congress. And when Obama mentions these programs, look to see which politicians in the audience stand to applaud. Republicans, who hate policy goals that require federal spending, are likely to sit on their hands, while Democrats rejoice. Finally, expect Obama to talk about the need to continue these sorts of policy initiatives, outlining his priorities for reforming energy, health care and education, as well as the need to simultaneously pare back the long-term deficit...
...They sit demurely in rows of plastic chairs, hands in their laps, awaiting instructions. They have been dressed carefully by their spouses and relatives in ankle-long frocks or neat cardigans, with crisply knotted ties - the overly formal style of the aged...
...wasn’t used to that sort of environment,” she said of the practice of soliciting votes from council members through personal meetings which is a common tactic among candidates in committee elections. “I was really adamant let’s not sit down with everybody,” she said. “I had this philosophical objection to being in this really political position...