Word: antitrusters
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...gambling, restaurants and loan-sharking in Manhattan's Little Italy. Then there is John Gotti Jr., 28, cut from the same cloth as his father but widely disliked. Tommy Gambino, son of the family's founding father, once seemed a likely successor, but in February he pled guilty to antitrust charges and was ordered to abandon the trucking monopoly that gave the family control of the garment center...
...courtroom, Myerson has been a master at proving deception in others, regularly badgering witnesses into submission and throwing himself shamelessly at juries. "Please God, find for us. God bless you," he begged jurors at the 1986 conclusion of his most famous case, an antitrust action brought by the upstart U.S. Football League against the monopolistic practices of the National Football League. Myerson and the U.S.F.L. won -- but they received a humiliating $3 in damages and the lesson that even courtroom victories are no guarantee of riches...
...economy; He endorses changing antitrust laws to allow joint business ventures, reducing the capital gains tax, providing tax credit for research and development projects and eliminating requirements for companies to file quarterly reports...
...ANTITRUST. Both Tsongas and Clinton are ardent free traders, but only Tsongas sees the antitrust laws as inhibiting the nation's ability to compete abroad. "Current antitrust laws," he says, "prevent American companies from joint venturing in almost any area, including such critical ones as research and development." On this, Tsongas is just dead wrong. Even the American Bar Association's antitrust contingent, which is heavy with attorneys who represent manufacturing clients, and which therefore supports the fewest obstacles to unfettered business enterprise, has concluded that the law is fine as it stands. "He's just plain misinformed," says Stephen...
...America, and a major contributor to our competitively crippling health care costs, is smoking. The tobacco companies claim they don't want kids to start smoking, that they spend $3 billion a year advertising in the U.S. merely to get people to switch brands. Fine. Let's give them antitrust exemption to agree among themselves: no more advertising or promotion of any kind. Market shares would be frozen where they are, and the companies would have an extra $3 billion a year in profits. How can they complain about that? Smoking should obviously be legal, but why on earth spend...