Word: antitrusters
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Bargaining Muscle. For the first time, a score of oil companies operating in the Middle East and North Africa are negotiating as a group* -a precedent made possible when the Justice Department agreed to waive the antitrust laws for U.S. participants. The companies are confronting representatives of the main oil-producing nations: Iran, Iraq, Kuwait, Libya, Abu Dhabi, Qatar, Algeria, Saudi Arabia, Indonesia and Venezuela. In their quest for money the producing countries can bargain with muscle because they can always threaten to cut off shipments to Europe, which gets 85% of its oil from them, and to Japan, which...
Instead of practicing his profession. Bok returned to Harvard, where he systematically learned and taught labor law, especially collective bargaining. While turning out exhaustive law-review articles on such topics as the anti-merger provisions of the Clayton Antitrust Act, he also put in long hours as an impartial arbitrator in labor disputes for institutions as diverse as the Lincoln research lab at M.I.T. and the Suffolk Downs race track...
...exchange refuses Stein's application-as it seems likely to do-it may well invite an antitrust suit, on grounds of perpetuating unfair competition. The issues are so basic that they call for action both by the Congress and the new chairman of the Securities and Exchange Commission, who is expected to be appointed this week...
...have newspapers, which often denounce special-interest legislation, come so close to winning a form of antitrust immunity granted to no other unregulated U.S. industry? For one thing, the legislation has received little airing in the news columns of most U.S. papers. More important, today's 22 joint operations involve one Hearst, two New, house and seven Scripps-Howard dailies. In an election year, few legislators seem willing to risk unpopularity with the bosses of three of the nation's largest newspaper chains...
...Administration could also tell some of its zealous regulators of business not to use?or misuse?antitrust laws and other regulations to block social action. Last month the Securities and Exchange Commission ordered Michigan Consolidated Gas to abandon its housing projects. A subsidiary had built low-rent town houses in the Detroit ghetto and downtown apartments for the elderly and planned three more projects in other Michigan cities. The SEC acknowledged the "meritorious" nature of the program, but contended that it was the sort of outside activity forbidden by the Public Utility Holding Company Act. The Detroit News acidly pointed...