Word: antitrust
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Another fatality may be baseball's unique antitrust exemption, which a U.S. Senate panel, in separate hearings, was threatening to revoke. But would a lifting of baseball's monopoly be enough to stir sufficient rowdy capitalist competition to save the sport? The owners have made the game such a tragicomic disaster area that one hardly knows whether to call in the Marines or send in the clowns...
When a federal district judge ruled earlier this month that MIT had violated federal antitrust laws, administrators at many prestigious American universities let out a collective groan...
...court's decision confirms the Department's position that students and their families are entitled to the full benefits of price competition when they pick a college," said Charles A. James, acting assistant attorney general in charge of the Justice Department's antitrust division...
...Group, led by M.I.T. and the Ivies (Brown, Columbia, Cornell, Dartmouth, Harvard, Pennsylvania, Princeton and Yale), would share information about needy students accepted by more than one of the member schools, working out a standard financial-aid package. Last year the Justice Department charged that this practice violated U.S. antitrust laws by suppressing competition among the schools. Almost all members of the group signed consent decrees agreeing to stop the practice. Only M.I.T. fought back. Last week Chief U.S. District Judge Louis Bechtle in Philadelphia barred M.I.T. from "any combination or conspiracy" with other colleges in setting education prices...
...League colleges signed a consent decreein the spring of 1991 in which they agreed not toshare tuition, salary or financial aidinformation. In return, the Justice Departmentdropped an antitrust suit it had filed against theinstitutions