Word: antitrust
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...last three years alone have witnessed three major federal inquiries that cut to the heart of the University. The Department of Education probed alleged discrimination against Asian-Americans in the admissions process (Harvard was vindicated). The Department of Justice is looking into alleged antitrust violations involving tuition and financial aid setting (Harvard has already given some ground on this one). And in what may prove to be the most damaging investigation of all, the General Accounting Office is investigating whether the Medical School has been bilking the federal government of hundreds of millions of dollars...
This year's meeting was canceled as a "sign of good faith," according to Daniel Steiner '54, vice president and general counsel for Harvard. The colleges have wisely realized that the worst thing they could do politically is antagonize the Department of Justice, which two years ago launched an antitrust investigation of their approaches to tuition, faculty salaries and particularly financial aid packages...
Academic Field: Administrative and antitrust...
...Antitrust accusations have dogged the firms for months. In a congressional hearing last May, Senator Howard Metzenbaum of Ohio denounced the price increases and their "devastating" impact on government programs that buy infant formula for low-income families. Metzenbaum's hearing spurred a still active investigation by the Federal Trade Commission. The companies deny that any conspiracy took place...
DIED. William French Smith, 73, who served Ronald Reagan as a personal lawyer in California and then as U.S. Attorney General; of cancer; in Los Angeles. As Attorney General from 1981 to 1985, Smith championed efforts to weaken civil rights laws and antitrust enforcement. His most historic act: advocating the appointment of Sandra Day O'Connor as the first female Justice on the U.S. Supreme Court...