Word: antitrusters
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...released studies on pollution of the Savannah River, the condition of nursing homes, and nationwide water pollution. Two investigations have resulted in books: One Life, One Physician and What to Do -An Action Manual for Lemon Owners. Forthcoming, among other things, are reports on occupational health and safety, the antitrust division of the Department of Justice, and California land policy. Though at first Nader's charges often seemed extreme and wildly exaggerated, he has so often been right and so seldom off base that he has built a large fund of credibility even among his targets. Last week TIME...
...Japan has shown that busi ness and government do not have to consider each other as adversaries, as they often do in the U.S. Though the U.S. certainly should not cartelize its industry Japanese-style, Japan's success might stimulate some thinking in Washington as to whether the antitrust laws should be liberalized to promote the nation's competitiveness in world markets...
...MCCOLOUGH: It is very difficult to operate around the world with our antitrust laws. We cannot select a foreign partner and say, "We are going to work with you forever." This leads to great difficulty for us because we have to write agreements that are short-term when we really intend them to be longterm. I don't know any other government that makes companies obey not only the laws of the foreign nations where they operate but also certain laws of the home country. We are unique in that...
...determination to force the New York and American stock exchanges to extend negotiated commissions to all trades above $100,000. It is being prodded by the Justice Department, which has a voice in the matter because of Supreme Court decisions that hold the exchange is not exempt from antitrust laws. Commission cuts are likely to become deeper as well as wider. Some small brokerages have announced that on big-block trades they will negotiate commissions as low as a penny a share v. 23? for an average-priced stock under the old fixed-rate structure...
Clearly, it is time for peace talks between the two warring leagues. And the agenda will have to include more than just a merger agreement. The leagues would first need a special congressional exemption from antitrust laws. Further, they must reconcile their differences with the players. The N.B.A. Players' Association has vowed to fight any merger or common draft that "restrains and restricts" a player's ability to use competitive bidding to win higher salaries. Lou Carnesecca, coach of the A.B.A.'s New York Nets, spoke for everyone concerned about pro basketball when he said last week...