Word: antitrust
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...being named Deputy Attorney General. "I didn't get into the campaign with the idea of getting a job," he said. But he happily took the position. As Bobby Kennedy's top aide, he directed 600 U.S. marshals in the 1961 Freedom Rider riots in Alabama, supervised antitrust cases, civil rights suits, and scouted and screened candidates for federal judgeships...
...commands 55.7% of the U.S.-made auto market. That is a company record, the highest in the industry since Henry Ford's model Ts got 60% in 1921, and more than enough to prompt some nervous glances from G.M. officials toward the U.S. Justice Department, whose antitrust division constantly eyes the affairs of the world's biggest manufacturer. This year G.M. has conspicuously dropped its usual practice of stepping up Chevrolet advertising as its sales increase. There have been no recent dealer incentive contests for fast-selling Pontiac. Oldsmobile or Buick...
...immediate goals of the new partnership generated no great debate: a $500 million crash school-building program to provide 200,000 classrooms for state schools; nationalization of the private power industry, one of Italy's less urgent economic necessities. Other proposals include tax reform, easier agricultural credit facilities, antitrust legislation...
Clearly, a lot of litigation lies ahead. The Common Market members are thin on legal precedent in the antitrust field: France, Germany, Belgium and The Netherlands have relatively lax national antitrust laws, while Italy and Luxembourg have none at all. This free-and-easy situation results partly from the reality that the economy of Italy, for example, can support only one automaking giant such as Fiat. The Common Market trustbusters are not expected to attack bigness as such. But they are expected to crack down on "abuses" of bigness such as price fixing and market sharing. Officials of VerLoren...
Early Warning. Many U.S. entrepreneurs in the Common Market will thus have to worry about possible antitrust prosecution from three different quarters-the U.S., the European nation in which they are operating and the Common Market. In some respects, they are apt to find the Common Market code the clearest and easiest to comply with. In contrast to the U.S., where the Justice Department cannot always predict whether the courts will find a proposed deal in violation of the antitrust laws, businessmen are promised a solid ruling in advance from the Common Market trustbusters. Equally important, the Common Market commission...