Word: antitrusters
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...Joseph C. Krovisky, Justice Department spokesperson, discussing participation in the overlap meetings, which are now said to be the focus of a massive federal antitrust investigation...
...with tax cuts, Reagan insisted on deregulation (a program actually begun by Jimmy Carter in airlines, trucking and banking). He regarded that as "getting the Government off people's backs," and it involved not just a reduction in official regulations but also a relaxation in law enforcement ranging from antitrust to safety regulations. That may have been beneficial, but it enabled lots of sharp characters to make lots of money in lots of sharp ways. The most extreme example is the savings and loan scandal, which features fraud, bribery, favoritism and freewheeling incompetence. Some 800 of the 2,600 remaining...
...After tumbling some 12% since 1981, the cost of flying has risen by about 10% in the past three years and by around 6% so far this year, even though passenger traffic has been flat. The price hikes have stirred the suspicion of the Justice Department, which launched an antitrust investigation into possible collusion among the nation's major airlines. The Justice probe is seeking to determine whether the fare hikes were economically justified or the airlines acted in concert to raise prices...
...ongoing Justice Department probe into alleged antitrust violations by American universities is one such example of this bias, says Spence...
...Most schools are not familiar with antitrust investigations and what they entail," says Ronald G. Carr, who is representing Princeton University for the Washington-based firm of Morrison and Foerster...