Word: antitrusters
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...modest $500 million Fund to Rebuild America to provide Government grants for regional economic development. Like Bush, Dukakis glosses over the issue of where the money would come from. He rails against big mergers as anticompetitive, chiding former Attorney General Edwin Meese for not knowing the "difference between antitrust and antifreeze." Yet many trade experts believe that a relaxation of antitrust rules is necessary to allow U.S. companies to combine forces against foreign competition. Dukakis favors tougher enforcement of safety and environmental regulations, along with compulsory health insurance for workers that would be funded by companies. These are all worthwhile...
...that craggy plinth of probity who was recruited by the owners in 1920 to restore baseball's integrity after the "Black Sox" scandal during the previous fall's World Series. Like them all, Giamatti believes in healthy profits and baseball's privileged place high above such mundane matters as antitrust regulations...
What can be done to help U.S. companies gain global clout? Many business leaders and economists contend that major companies must be permitted to work together, in some cases to plot joint international strategies. According to economists like Lester Thurow, dean of M.I.T.'s Sloan School of Management, U.S. antitrust laws may be out of date in an era when it is virtually impossible for one company to monopolize the world market. In Japan major companies work together and with government planners to a much greater degree. Says Motorola's Weisz: "We can't continue as a house divided against...
...ominous precedent. A six-member federal jury in New York City found that the Hunts conspired to corner the silver market, and held them liable to pay $63 million in damages to Minpeco, a Peruvian mineral-marketing company that suffered heavy losses in the silver crash. Under federal antitrust law, the penalty is automatically tripled to $189 million, but after subtractions for previous settlements with Minpeco, the total value of the judgment against the Hunts is $134 million...
Still, the position retains enough prestige so that many scholars are willing to make the sacrifice -- for a limited period. Georgetown's outgoing dean, Robert Pitofsky, has found his five years in office "very gratifying," but looks forward to resuming full-time teaching of antitrust law next year. "A deanship takes you away from scholarship," he says. "These jobs are best done on a one-term basis...