Word: antitrust
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...country where monopoly has never aroused much concern, the government can be expected to back the trend. Japan's Fair Trade Commission, which was set up under vague antitrust laws enacted at U.S. behest during the Occupation, has yet to rule against any major merger...
...bought in 1964, the San Bernardino Sun and the Telegram. The company contended that there had been little competition for readers or advertising between its Los Angeles Times and the San Bernardino papers, published 60 miles east of Los Angeles. But in a novel application of the Clayton Antitrust Act, the judge ruled that the purchase discouraged future competition, and would effectively prevent any other newspaper from getting established in the area...
Careful Cajolery. When he ran for the nonpartisan office last fall, Johnsonian Democrat Alioto-who made his fortune as a lawyer specializing in antitrust cases-was regarded as the least unqualified of a lackluster lot of candidates. He won, with a landslide 15,000-vote margin over the closest of 17 opponents (TIME, Nov. 3), and San Franciscans anticipated another administration devoted to parochial self-puffery. Not so. Alioto has come across like John Lindsay, Western style. Right off the bat he raised the hopes of the city's minorities. After his inauguration at the glittering San Francisco Opera...
...days to disengage. They obviously would prefer not to do so, and will appeal the decision to the Supreme Court. Failing there, an avenue remains to the nation's many consolidation-minded publishers. The failing-newspaper bill, now languishing in a Senate subcommittee pigeonhole, would exempt from antitrust laws those papers combined along the Albuquerque Plan, provided that one of the pair was in serious financial trouble. The management of Tucson's dailies believe that their papers would qualify. So do scores of other publishers who are wondering this week what to do about the Walsh decision...
Problems have proliferated so rapidly that soon only the Government may be able to handle the financial hazards of auto insurance. But how? In 1869, the Supreme Court ruled that "insurance is not commerce," thus exempting it from federal antitrust laws and congressional regulation of interstate commerce. In 1945, after the court had reversed itself, the McCarran-Ferguson Act put all insurance under state supervision. But many Congressmen now believe that the states are flunking the auto-insurance part of their job. A Senate subcommittee has called for a "root and branch" investigation of the entire industry. President Johnson echoed...