Word: antitrust
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...Antitrust is one of the battlegrounds upon which the future of capitalism is being fought out." -Former Solicitor General Robert Bork, at last week's TIME conference...
...Thrust in Antitrust Sheer size becomes a target as tough new bills are pressed on Capitol Hill...
...Kennedy's zeal for an activist Big Government, which has long been his mark, has gradually become more selective. His stiff antitrust legislation, his endless hearings against increasing conglomerate mergers, have put him on the side of opening the way for smaller companies to compete against the biggest corporations...
...price of the oil. That gives the companies large credits that they can use to "shield" profits from, say, refineries in Caribbean tax havens where there are low or even no taxes at all. Complains Washington Attorney Jack Blum, for eleven years a staff member of the Senate Antitrust and Monopoly Subcommittee and the Foreign Relations Committee, and now a frequent critic of the Oil Game's international accounting and tax methods: "We have reached the point with the oil companies where the foreign tax credit is being abused on a scale that no one had imagined. The whole scheme...
...appointed U.S. Ambassador to Belgium by President Roosevelt. Here signed his diplomatic assignment the following year and was named to the Cabinet by his good friend Harry Truman in 1948. A conservative Democrat who served as the Administration's envoy to the business community, Sawyer denounced stringent antitrust legislation and advocated lower corporate taxes and a balanced budget. He found himself severely tested in 1952, when Truman seized the steel industry in order to avert a strike. The President ordered Sawyer to administer the mills and grant workers and owners wage and price increases. Unhappy with the seizure, Sawyer...