Word: antitrusters
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...cheer started with a chuckle. Last spring, St. Louis Brewer (Budweiser) August Busch Ir. happened to join the President's Club, bringing in family and friends to the tune of $10,000 in Democratic contributions. Several weeks later the Justice Department happened to drop a four-year-old antitrust suit against his Anheuser-Busch Corp. Then Busch, who also owns the Cardinals, happened to invite First-Ball Pitcher Hubert Humphrey to fly to the All-Star game in his company plane. In view of the airline strike, the Vice President hopped aboard - along with a little league of fans...
Well, Minority Leader Gerald Ford allowed at a press conference, "some very disturbing rumors were floating around Washington about the dismissal of certain antitrust actions and contributions to the President's Club." G.O.P. Congressmen Charles Goodell of New York and Thomas Curtis of Missouri were also intrigued by the turn of events. Strange, said Goodell on the House floor, that the Busch contributions to the President's Club had been made "suddenly and simultaneously, as manna from above." Added Curtis: "A very serious matter...
...whether businessmen might not get the impression that the President's Club was a vehicle for buying favor from the Administration. No more so, deadpanned Moyers, than the Rockefeller family's contributions to the G.O.P. were aimed at buying favor. Actually, explained the Justice Depart ment, the antitrust suit against Anheuser-Busch was a weak one and had been dropped "on the merits alone...
...ailing, retired after 19 years as the Institute's director, although he will stay on in the physics chair once occupied by Einstein. His successor is Harvard Economist Carl Kaysen, 46, an energetic generalist who has been a weapons consultant to the Pentagon, an antitrust scholar, a foreign affairs adviser to President Kennedy. A rare breed for the Institute, he is not a noted specialist in anything, but his Harvard colleague, J. Kenneth Galbraith, calls him "the most perfectly informed man I have ever known...
...Pabst Brewing Co.'s 1958 acquisition of rival Blatz violated antitrust law even though the two firms accounted for only 4.49% of national beer sales. Never before has the Supreme Court construed a share of a U.S. market quite that small as infringing antitrust statutes, and Justice Hugo Black's opinion surprised and disturbed even some top Justice Department officials. Said one: "That's getting down pretty...