Word: antitrusters
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Goldschmidt's solution to the automakers' problems is for the U.S. to adopt some of the Japanese techniques. He says that the Government, management and labor should cooperate to cut manufacturing costs and increase profits through such measures as relaxed antitrust laws and slower and smaller wage increases. To buy time for this new effort, Goldschmidt proposes that Japanese auto imports be restricted for the next five years. He gloomily predicts that otherwise only General Motors will survive as a made-in-the-U.S.A. auto manufacturer...
Gorton, who looks a little like Henry Fonda, has argued more cases before the U.S. Supreme Court than any other state attorney general (14) and initiated antitrust suits against some of the state's major industries and banks. He has a campaign war chest of $400,000 with the help of timber and small-business interests, but he is still being outspent more than 2 to 1 by Magnuson...
...like it a bit. While he voted reluctantly for Harry Truman in 1948, he was incensed by the Truman Administration's policy toward the movie industry, in particular an antitrust suit that forced the major studios to give up their ownership of theater chains. Says Reagan now: "I saw the whole economic stability of the industry just simply eliminated, the end of the contract system whereby they had been able to take young people-directors, actors, whatever-and develop them." It was the contract system that had given Reagan his start...
...hand, the company's privileged monopoly status is under attack in the courts by the Justice Department as well as some 37 private companies, which are pressing their own antitrust suits against Bell. In June, upstart little MCI of Washington, D.C. (sales: $144 million annually), won a staggering $1.8 billion in damages from a federal court in Chicago after charging that A T & T had conspired to block its entry into the long-distance telephone market. Now MCI is selling its phone service in such leading markets as New York City, Houston and San Diego. The company...
...seems safe to say that Gerald Ford had no idea what he was getting when he nominated Stevens to fill the seat of William O. Douglas. The son of a well-to-do businessman, Stevens clerked for Justice Wiley Rutledge 32 years ago, then made a career as an antitrust specialist in Chicago. When he moved from the federal appeals court in Chicago, he was viewed as a capable and conventional judge with moderate political views. Thus far, Stevens has surprised observers by siding often with the liberal Justices. Those reckless enough to label him at all regard...