Word: antitrust
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Dates: during 1970-1979
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...year in shipping costs. In a report sent to Congress, Carter attacked the present system, which puts the independents at a competitive disadvantage. "Collective rate making, commonly known as price fixing, is normally a felony," he wrote. "But the trucking industry has enjoyed a special exemption from the antitrust laws. This immunity allows trucking companies to meet in secret and decide the prices they will charge for truck transportation. Although rate agreements are theoretically subject to ICC review, the ICC has been inclined to rubber-stamp rate agreements rather than subject them to an independent and thorough review...
Last week's congressional hearings concentrated on what the U.S. could learn from foreign countries. Joji Arai, manager of the U.S. office of the Japan Productivity Center, cited 15 reasons for his country's productivity surge, including lax antitrust enforcement, large spending on R. and D., and joint management-worker programs to increase quality and eliminate production-line bottlenecks. Looking at the European experience, Eugene Merchant, director of research planning for Cincinnati Milacron Inc., emphasized the importance of the so-called trilateral relationship among Government, universities and companies. This is an idea that Europe adopted from...
...entire IBM systems for commercial use, and with keeping competitors out of the market. A decade later U.S. vs. IBM is still droning on, a costly monument to the law's delay. The frustrating case, Yale Professor Robert Bork told TIME'S conference, is the antitrust division's "Viet Nam." Thomas Barr, the Cravath, Swaine & Moore attorney who is leading the IBM defense, explained at the meeting why he sees no light at the end of the tunnel...
Assistant Attorney General John Shenefield has repeatedly told Congress that his antitrust division is trying to speed the case. But it is difficult to see how. This winter, Barr recounted, the Government subpoenaed IBM Chairman Frank Cary to produce virtually every document relating to computers accumulated by the company since 1973. That amounts to 5 billion pieces of paper, said Barr, who claims that to comply would take 100 lawyers 620 years working full time. Staal, however, called Barr's figures "grossly exaggerated" and contended that the parties could easily work out a compromise, but that IBM refuses...
...article, which appeared in the quarterly's fall 1978 issue, was written by Washington Lawyer Max M. Kampelman. It urges the establishment of a professional code of ethics, the use of internal ombudsmen, and passage of antitrust measures to contain the growth of media conglomerates. Perhaps most significant for Sinatra, Kampelman argues for statutory revisions that would make it easier for public figures to win libel suits...