Word: antitrusters
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Nobody ever got more political mileage out of a minor Senate subcommittee job than the late Estes Kefauver. As chairman of the Antitrust and Monopoly Subcommittee, he mounted crusading investigations into a myriad of alleged wrongs, from price rigging in the electrical industry to overcharging by drug companies. To replace the Keef, Mississippi Democrat James O. Eastland, chairman of the parent Judiciary Committee, last week named a man who is every bit as liberal as Kefauver was, but far less flamboyant and aggressive: Michigan Democrat Philip A. Hart, 50.* While Kefauver often seemed to regard bigness as evil and businessmen...
...postwar U.S. breakup of Japan's zaibatsu, the huge and powerful prewar cartels that controlled practically all of Japanese industry, was the most ambitious antitrust action in history. The reemergence of the zaibatsu has been hardly less ambitious. With scarcely a murmur to mark it, the steady reconcentration of the three biggest zaibatsu -Mitsui, Mitsubishi and Sumitomo-has been going on quietly but steadily since 1952. The three now account for more than one-third of Japan's total industrial and commercial business-and they are not finished yet. Last week executives from three big prewar Mitsubishi heavy...
...states except Illinois and Kentucky impose great restrictions on Lloyd's operations. But there are high hopes for a bill, now being considered in the Senate Subcommittee on Antitrust and Monopoly, that would permit foreign insurers to operate more freely. In any case, Lloyd's is not really worried about the future. It believes that, year after year, the world is becoming a riskier place...
...blame franchise operations for both the bland sameness of food and service and the repetitive look of the neon-and-chrome shacks and stands that dot the nation's roadsides. The U.S. Justice Department argues that the parceling out of exclusive sales territories by franchisers violates the Sherman Antitrust Act. But franchising won a key legal victory this spring, when the U.S. Supreme Court reversed a lower court's judgment against exclusive franchised territories. The case, which returns to a U.S. district court in Ohio later this year to be tried again on its merits, marks only...
...neglected to mention one other solution that could help prevent such affronts to the public interest as the newspaper strike: make labor unions subject to the provisions of the Sherman Antitrust Act by changing the Norris-La Guardia law, which now exempts labor unions from the provisions of the Sherman Act. It is going to take some doing, but this little piece of harness would protect the public, protect the worker, and lead to the greatest business boom in history...