Word: antitrusters
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...massive federal investigation into possible antitrust violations by prestigious colleges continues, Yale University and at least one other school have announced that they are withdrawing from financial aid overlap groups--long thought to be the center of the inquiry...
...since the Justice Department began investigating financial aid and tuition setting practices last summer, observers have said the overlap groups might represent a violation of antitrust laws. As a result, Yale and at least one other schools have reportedly withdrawn from the groups...
...There's probably enough antitrust risk given the state of the law that I would have to tell [the schools] to stay out of [the overlap groups]," a lawyer representing one of the 58 schools under investigation said yesterday...
...power of tiny shops to obstruct the opening of new department stores that could stock larger amounts of foreign wares. It presently takes up to ten years for a store opening to be approved; Tokyo said it would shorten the process to about a year. Japan also pledged stiffer antitrust penalties for companies that rig bids to freeze out foreign suppliers. Moreover, Tokyo vowed to increase government spending on public works such as airports, roads and sewers. Besides creating business opportunities for U.S. contractors, such projects would facilitate the flow of imported goods to Japanese retailers...
Since September, the federal government has been investigating top private colleges for alleged antitrust violations, involving collusion in setting tuition, financial aid and faculty salaries...