Word: minirebellion
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...bankers and corporate executives don't understand the need to modify their behavior, Obama's financial plan could come crashing down. There is a minirebellion going on right now among executives, from JPMorgan Chase & Co. to Chrysler, who don't want to take government loans because they won't be able to gorge on their usual bonuses. "The plan to buy up toxic assets is going to evolve very slowly, if at all," an investment banker told me. "The banks don't want to take the haircut, and the hedge-fund managers" - who would partner with the government...
Most walkers are back within 24 hours after a minirebellion or a nostalgic trip to old neighborhoods. Says Royal Gardens Resident Arthur McShane, 75, who has been picked up six times in and around Chicago: "You get tired of it here. I go back to my old neighborhood because it's busy." A man who likes to ride trains often sneaks out; he was once picked up in Salt Lake City. An unmarried couple in their 70s escaped regularly for weekend flings, leaving separately and meeting at a Salvation Army center. Says the man: "It was something to look forward...
...about preventing Tennessee's Howard Baker, the current minority leader, from becoming majority leader in the new Senate. A major complaint against Baker: he voted for the Panama Canal treaties. But Nevada's Paul Laxalt, overnight one of Washington's most powerful men, promptly squelched that minirebellion...
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