Word: antitrust
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...books without shortchanging authors; how to nurture new technology without stifling competition; and how to preserve all that when one company - in this case, Google - is pioneering the revolution and could profit handsomely. One commentator, who supports the original settlement, has called it "the World Series of antitrust." (See nine e-readers to gawk...
...Rockefeller and compared the settlement to a monopoly cartel controlling the future of digital publishing. "They have worked very hard to create the impression that this is like a freight train, and if you want to stand in front of it, you'll get run over," Gary Reback, an antitrust attorney who penned the legal brief for the Open Book Alliance, told TIME. (See the 100 best novels of all time...
...pricing could also crush big book retailers like Barnes & Noble and small independent stores. "I wouldn't want to be a mom-and-pop bookseller right now," says Heupel. The industry is so concerned about the battle that the American Booksellers Association has asked the Department of Justice's antitrust division to investigate the retailers' pricing practices. "Amazon.com, Wal-Mart and Target are devaluing the very concept of a book," the organization, which represents locally owned independent bookstores, wrote. "The entire book industry is in danger of becoming collateral damage in this war." (See the 100 best novels...
...foil just when critics on their left flank are mobilizing for more-dramatic reforms. If those more liberal lawmakers get their way, the insurers could take some more hits: on Oct. 14, Democratic New York Senator Chuck Schumer struck back by announcing that he wants to revoke health insurers' antitrust exemption. House Speaker Nancy Pelosi, who has called insurers "almost immoral," is talking about a windfall-profits tax on the industry. Which means the insurers and the White House could be back in touch before long. -With reporting by Kate Pickert/New York
...begins its new term on Oct. 5--its first with Obama-appointed Justice Sonia Sotomayor on the bench--and legal observers are watching this session closely to see if conservative Justices move more forcefully to override their liberal counterparts. Arguments will be heard on cases involving corporate political donations, antitrust complaints brought against the NFL, and First Amendment issues concerning the sale of videos depicting animal cruelty...