Word: antitrust
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Recently, in a decision that shakes the structure of the sport, Federal Judge Warren Ferguson declared that the four-year rule violates the Sherman Antitrust Act and that Haywood is free to play with Seattle. Already, in the aftermath of the ruling, there are indications of further tremors to come...
...interest? What about "utterly without redeeming social importance"? Even if something is of value only to masochists, asks Justice Douglas, how can it be said to be utterly without social importance? Others argue, in effect, that no law is perfect; society must do the best it can. "The Sherman antitrust law forbids monopolies," says Political Scientist Reo Christenson. "What is a monopoly? What is an unfair trade practice? When is guilt proved beyond a reasonable doubt? Those indignant over the lack of specificity in obscenity laws are quite complacent about vagueness in laws they approve...
Simultaneously, the first big price war has flared in the computer industry. Under antitrust pressure, IBM last year decided to abandon the single-price, machine-plus-service package that had helped the company gain 70% of the U.S. computer market. The "unbundling" left IBM customers free to shop around for bargains in systems-engineering, programming and employee education. Customers had always been able to buy peripheral equipment-the storage and retrieval units that speed data into and out of the machines-from competitors offering prices up to 15% below IBM's. But unbundling illuminated the disparity. By year...
...Although the law will undoubtedly face numerous legal challenges, the effect could be to drive smaller pornographers out of business and leave the field to a few large, computerized firms. Should that happen, of course, Americans might look forward to the day when the Justice Department could bring antitrust suits against smut conglomerates for cornering the market in filthy pictures...
...fixed commission rates, at least on large trades? Subsidiaries of both the Dreyfus Corp. and Investors Diversified Services, managers of the nation's two largest mutual funds, have applied for exchange membership, which would save them millions of dollars a year in commissions. IDS has threatened antitrust action if its bid is denied...