Word: antitrusters
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...Players, who have bargained unsuccessfully and gone on strike for the right to choose where they play, are now winning their battles in the courts. For the third time in the past 13 months, a federal judge last week found the N.F.L.'s reserve system in violation of antitrust laws. This time, ruling on a suit filed by John Mackey, former Colts tight end and past president of the N.F.L. Players Association, Minneapolis Judge Earl Larson ripped the so-called Rozelle rule, linchpin of the reserve system. Calling it "an unreasonable restraint of trade," he concluded that the reserve...
...Trilateral proposes rules to allocate the taxable income of multinational corporations among the nations they operate in, define antitrust policy and deal with improper corporate payments. But these proposed restraints on multinationals are not for purely idealistic reasons nor just to make sure Third World nations are dealt with fairly. The paper notes that "one set of countries" is losing jobs, exports, capital and technology to other nations which offer a particularly favorable climate for investment--such as Egypt, with its cheap labor and tax breaks. "Thus an increasing share of world production is being negotiated between the government...
Despite their zeal, the trustbusters have sometimes seen their decisions reversed on appeal. Their most serious setback came in 1973 when the Common Market's European Court of Justice overturned a ruling that would have forced Continental Can Co. to dispose of its European subsidiaries. The antitrust department will face another hard court fight with United Brands, which may well argue on appeal that market and shipping factors alone accounted for the price differences denounced by the department. Undismayed, Borschette is now contemplating antitrust actions against IBM and the big Swiss pharmaceutical house of Hoffmann-La Roche, both because...
...coming under attack from officials in Washington, who apparently believe that the rates are too high. The Ford Administration will soon ask Congress to repeal the McCarran-Ferguson Act. Since 1945 this act has permitted the states to regulate insurance companies, effectively exempting them from key aspects of federal antitrust laws...
...rating bureaus also add a profit markup and file a schedule of premium rates that state authorities generally accept. The Administration believes this practice makes rates higher than they would be if each company filed its own premium schedules, and it thinks the practice would be illegal under federal antitrust laws...