Word: antitrust
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...Eagle days-without the fanfare. In Washington last week, the oil and steel industries quietly set up plans for voluntary allocation which they hoped would ease the nation's two greatest shortages. The first under the new anti-inflation law, the industry-wide agreements were exempt from the antitrust laws...
...industry knew that the plan, if approved by the Department of Justice (which must waive prosecution under the Sherman Antitrust Act on such an industry agreement), would be only a stopgap. The shortage will soon get worse. The enormous demand for oil this year is expected to exceed the 1945 wartime peak by some 14%. Among the reasons: over 90% of the locomotives now on order are oil-burning; oil-burners are being installed in homes at a record clip, and farmers are mechanizing their farms at a record rate. Since 1938 U.S. per capita oil consumption has increased...
Electric Shock. In California, the U.S. Department of Justice named General Electric, Westinghouse and eight smaller electric companies in civil and criminal indictments. The charge: violating the antitrust laws by fixing prices of electrical equipment in the Far West...
President Truman himself had done little to clear the air. At his weekly press conference, he denounced a Republican proposal to relax antitrust laws and permit voluntary price agreements. He was apparently ignorant of the fact that a similar provision had been written into an Administration bill already submitted to Congress...
Could the U.S. Department of Justice force Canadian companies to show their books for an antitrust law investigation? The Department thought it could, so long as it suspected them of being subsidiaries of U.S. concerns. Last March, when seven Canadian newsprint concerns refused to hand over their records, the Justice Department served their U.S. representatives with subpoenas. Cried many a Canadian: "A violation of sovereignty...