Word: antitrusters
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...action program," as the Eurocrats call their accelerated plan, proposes that the Common Market nations start next month on the complex task of coordinating social welfare schemes. In time, to equalize opportunity, the Six-plus Britain and other likely members-will standardize antitrust laws, transport rates, wage levels, and business and consumer taxes. Still more ambitious are the Common Market's plans to draw up a "single economic budget for the whole Community" and to "orchestrate" all its investment, production, consumption and credit patterns, starting in 1964. As a momentous first step, individual nations' budget and growth estimates...
...Prime Minister, Sato will not lack political skill. In 1954, when he was his party's chief fund raiser, he was accused of taking $150,000 in bribes from industrialists to ease antitrust laws. Replied Sato with icy aplomb: "My job was to raise party funds; I did nothing that any politician who knew his job would not have done." Like his brother, Politician Sato counts himself a firm friend of the West. Though trade-hungry Japan hopes ultimately to do some business with Red China, for the time being it has "no intention of going against free world...
...Five's mounting economic discomfiture was added last year a political threat: the state legislature passed an antitrust bill specially aimed at the Big Five. So far, the state attorney general has filed two antitrust suits involving...
...their subsidiaries eventually bought up 62% of the stock in the reorganized Richfield Oil Corp. Last week. 26 years after the deal went through, the Justice Department hauled Richfield. Cities Service and Sinclair Oil into Los Angeles federal court to answer a civil suit alleging violation of the antitrust laws...
...change, Du Pont executives say, was long scheduled, but hinged on the retirement of Walter S. Carpenter Jr., 74, who wanted to stay on as chairman until the completion of Du Font's long and vain battle to avoid selling its General Motors stock under a U.S. antitrust action. With Carpenter's retirement, the company loses the only man outside the Du Pont family ever to have served as a Du Pont president...