Word: anti-trust
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...legal argument works like this: While the 1890 Sherman Anti-Trust Act prohibits private corporations from colluding to set prices or any other business arrangement in private, exceptions apply in cases that serve the public interest. Universities contend that by agreeing on fair financial aid awards among themselves, they deliver more aid to more deserving students...
Most important, if the Justice Department finds that these schools have violated the Anti-Trust Act--a conclusion that is likely given the government's need to produce results since it has so far only spouted rhetoric--it will simply demand an end to such practices without allowing for a new form of regulation. And an end to the "overlap group" and other such discussions among schools will mean an end to the practice of setting across-the-board financial aid levels according to need...
...more than 60 other colleges and universities nationwide that recasts the battle over the "good old causes." Namely, the government is investigating whether the schools--which include the most prestigious in the country--illegally colluded in business arrangements to set tuitions, salaries and undergraduate financial aid that violate anti-trust laws...
...fundamental question returns to this: are the elite universities the ones to judge if they are above the point of the anti-trust laws, i.e. promoting fair and open competition to serve the public...
...Defense. No one has considered academic collegiality in the same league as business combinations since the Sherman Anti-Trust Act was passed in 1890. Obviously education holds a special place in American society, and the pursuit of knowledge essential to a democracy has no readily tangible--or easily comparable--costs. Thus, investigated university officials say that "cooperation" in financial matters befits their high-minded enterprise, and further serves the overall public good of maintaining access to education independent of cost...