Word: antitrust
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Thousands of miles away from this explosive unrest, another upheaval was under way last week, this one in Washington. It centered on a single word: divestiture. That technical term, meaning the forced sale of stock or other assets, ordinarily arouses emotions only among antitrust lawyers. But as applied to U.S. relations with South Africa, it has set off one of the most passionate and confused debates since the Viet Nam War. The issues: Should American companies be pressured to sell or close their operations in the land of apartheid? And should U.S. universities, pension funds, local governments and other groups...
...INDICATORS Broken Trust The European Commission rejected Microsoft's proposals to curb the power of a monitor charged with policing its compliance with antitrust sanctions imposed one year ago. The firm has until April 11 to respond...
...Question Of Trust The European Commission threatened Microsoft with fines for not doing enough to comply with antitrust sanctions imposed on the firm a year ago requiring it to share technical data with rivals...
...House surely produced great theater, but are the politicians just talking tough? Committee members repeatedly threatened to rescind baseball's antitrust exemption, which has been on the books for more than 80 years, if the sport doesn't adopt harsher drug rules. But some experts think Congress is bluffing. "Why would they do that?" asks Chicago-based sports-marketing consultant Marc Ganis. "It's an arrow in their quiver to say they'll pull it. If they did, what would they then have to hold over baseball...
Although the antitrust exemption restricts the players' ability to take management to court, baseball's powerful union has negotiated such favorable free-agency and salary terms for its players that the exemption is no longer crucial. "It's a far smaller chip than Congress thinks it is," says Ganis. Withdrawing the exemption would allow baseball's minor-league teams more freedom to relocate, but many politicians have teams in their districts and want to keep them there...