Word: jerk
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While regulators admitted that new rules may ultimately be needed, they argued strenuously against any knee-jerk changes. The Treasury Department, anxious to regain its authority over a market it relies on to raise capital, announced that it was reopening its investigation to see if Salomon and one of its clients, Mercury Asset Management, worked together to cover up a bogus bid last February. Treasury's renewed interest may have been prompted in part by a Justice Department announcement that it was widening its probe of unauthorized bidding practices in search of violators in other Wall Street firms...
Bush's advisers probably figured a sudden pick would catch the liberal opposition groups off guard in the peak vacation month of August. Unfortunately, it seems they were right. The NAACP, the AFL-CIO and a coalition of civil rights groups all rejected Thomas on the same, knee-jerk grounds--he was too conservative...
...dictionary definition of whip (to lash, pull, jerk, snatch) is a fair description of the job to which House Democrats last week elected Michigan's David Bonior. As majority whip, the bearded, low-key Bonior, 46, is now responsible for counting heads prior to key votes and twisting the arms of Democrats who stray from the party fold. The eight-term Congressman also becomes the third-ranking House Democrat, replacing Pennsylvania's William Gray on the House escalator that often leads to the jobs of majority leader and then Speaker. Gray resigned last month to head up the United Negro...
...fair test," says Thomas Romberg, a University of Wisconsin mathematics professor who spent six years helping develop a set of widely praised national math standards. Beverly Cole, education director for the N.A.A.C.P., which is a member of FairTest, admits she is "paranoid" about the idea. "There's a knee-jerk response on the part of minorities against national testing because we've suffered the most from them in the past...
...Angeles, prefers to look at the bigger picture. "It will be beneficial to Time Warner to have less debt," he says. "It will reduce their interest costs and the perceptions about leverage. The long-term investor will have to be patient. The stock drop is a knee-jerk reaction to an unexpected event...