June 24, 2010
The Globe and Mail
By Marcus Gee
At City Hall, employees arrived at work to find a burly security guard demanding their access pass before they entered the normally unlocked doors. At a downtown law firm, lawyers were told to leave their suits and high heels at home and dress casual-like to avoid being set upon by anti-capitalist rioters. At one provincial government office, bureaucrats were told in late afternoon that the building was going under “lockdown” because protesters were in the neighbourhood. Many scooted for exits to avoid being trapped in the closed-up building.
All of a sudden on Monday, our calm, mild, pacific city took on a changed feel as the security noose tightened in advance of this weekend’s G20 summit. In the downtown, packs of police officers on bikes roamed the streets – followed, incongruously, by a golf cart-type vehicle transporting water, juice and granola bars for the boys and girls in blue. Around the Metro Toronto Convention Centre, the shiny metal security fence neared completion, a ghastly thing, like all such barriers, that made the notoriously ugly convention centre that will welcome foreign leaders even more unsightly than usual.
June 8, 2010
By Stephen Bernard and Tim Paradis
NEW YORK — Stocks fell to their lowest level in seven months Monday after traders couldn’t shake fears that Europe’s economic problems will derail a global recovery.
The Dow Jones industrial average fell 115 points, or 1.2 percent, to its lowest close since November. The Dow lost 323 Friday after the government’s May jobs report fell short of expectations.
Broader indexes logged steeper percentage drops Monday. The technology-focused Nasdaq composite index fell 2 percent.
Monday’s drop was a smaller-scale repeat of Friday as traders again dumped stocks in the final hour. That signals traders would rather sell than be hit by surprises, especially because Europe’s business day begins before trading opens in the U.S. Some traders say the slide has been overdone but that the market isn’t likely to find much stability until there is a better sense about how Europe’s economies will hold up under heavy cost-cutting.
With only a sprinkling of economic and corporate news to go on, traders again tracked the moves of the euro. The 16-nation currency hit another four-year low and hurt European markets. The euro fell as low as $1.1878 before rising to $1.1915. A drop in the currency is seen as a sign of flagging confidence in Europe’s ability to rein in its debt without falling back into recession.
May 28, 2010
The New York Times
By Helene Cooper
OAK BLUFFS, Mass. — Bill Clinton was famous for the creative way he kept score. Both George Bushes would speed-golf through 18 holes as if they had to beat the clock, not the course.
And President Obama?
Long, slow rounds. A lot of time hunting for balls in the woods. All dished up with a dollop of trash-talking.
The First Golfer brought his duffer’s game to Martha’s Vineyard this week. By Thursday, Mr. Obama had logged three golf games in four days, appearing at one island course after another. He spent five hours on Monday afternoon playing 18 holes at the Farm Neck Golf Club here, two and a half hours on Tuesday playing nine holes at Mink Meadows Golf Club in Vineyard Haven, and several hours playing Thursday afternoon at the Vineyard Golf Club in Edgartown.