Word: antitrusters
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Dates: during 1940-1949
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...subcommittee's chief conclusion: that "severe self-imposed rationing . . . if made by tacit agreement between the distillers, is a violation of the spirit, if not the letter, of the Sherman Antitrust...
...bill contained just 83 words, one of the shortest ever to be dropped into the House hopper. It said simply that the Sherman and Clayton Antitrust Acts, as amended, shall not be construed to "apply to the business of insurance." Thus, just 17 days after the U.S. Supreme Court broke a 75-year-old precedent in holding that insurance is subject to the antitrust laws (TIME, June 12), the House moved last week to nullify the ruling...
Concentrated Privilege. As an instance of the divergence between people and publishers, Author Lasch cites the newspaper publishers' violent denunciation of the Government's antitrust suit against Associated Press "as a foul assault upon the First Amendment." Recalling the "frightening unanimity" of their attempt to foist this view on the public, he declares...
...General Francis Biddle, and a whacking defeat for not only the governors, but the States' rights bloc in Congress. In a futile race with the Supreme Court, the States-righters had popped bills into both Houses of Congress, aimed to whisk the insurance business out from under the antitrust acts (TIME, Nov. 29). Their contention: insurance regulation is a concern of the states, not the federal government, and has been so held by the Supreme Court for 75 years...
...issue arose back in 1942 when the South Eastern Underwriters Association (196 stock companies representing 80% of the fire insurance written in the U.S.) was indicted on antitrust charges. When the indictment was dismissed by an Atlanta court, Attorney General Biddle appealed...