Word: antitrusters
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Though the proposed merger must be approved by federal regulators, Welch doubts that antitrust considerations will be an obstacle. He points out that Japanese and Korean manufacturers have made consumer electronics an extremely competitive business and argues that a combined GE and RCA could help reduce the flow of imports. Says he: "Maybe two American manufacturers together can beat the competition...
Unfortunately, Reagan does not set the agenda for the court, and justices have to hear cases on issues such as bankruptcy court jurisdiction, assessing legal fees, and complex antitrust, securities, admiralty, and liability issues...
...nation's fourth-largest company in terms of assets and the flagship of U.S. industry, who in 1962 had the misfortune to tangle with President John F. Kennedy over a proposed steel-price rise; in Hawley, Pa. An infuriated Kennedy called out several federal departments and agencies, including the antitrust division and the FBI, to investigate U.S. Steel; Blough had to back down from the price boost after other steel companies declined to follow his firm's lead...
...warned Ueberroth, a concern to everyone who holds the laws of the leagues dearer than the laws of the land. Purely by congressional whim does baseball remain set off from all the other professional sports as being somehow special. While the National Football League suffers, and generally loses, one antitrust suit after another, major league baseball enjoys an antitrust exemption...
...current $200 billion budget deficit. Perhaps half of this year's projected $150 billion trade deficit will be caused by the strong dollar, which is the result of the budget deficit. Some legislation should also be re-examined to make sure that it does not hinder trade. Example: antitrust rules that overrestrict cooperation among U.S. firms. Finally, the Government should take a tough stance when countries violate trade rules. In the past, the U.S. has turned a Nelson's eye to many trade violations because the deficit was small and tolerable. Even though those restrictions are not the major cause...