Word: bigs
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Dates: during 1970-1979
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...markets than at present. Meanwhile, the new activism in antitrust would concentrate more and more power in the Justice Department's and FTC's enforcement bureaus. Assistant Attorney General John Shenefield, the antitrust chief, told the group that the public has concluded, though reluctantly, that Big Government is a necessary counterweight to Big Business. If businesses continue to concentrate and grow larger, warned Ohio Democratic Congressman John F. Seiberling, the public will increasingly demand that they be nationalized. His point: it is in business's own self-interest to support the bill...
...business. At a time when the U.S. is struggling to curb inflation, create jobs and sharpen its competitiveness in world markets, the purpose of antitrust policy should be to enhance efficiency. Most conference participants felt that a further tightening of antitrust policy might promote inefficiency by immunizing some big slow-moving companies from takeovers and protecting inept managers from being tossed out. Kennedy-Metzenbaum, remarked Rohatyn, "could be called the Large and Inefficient Business Protection Bill." The way to reduce conglomerate mergers, he added, is to improve economic policy. Bringing down inflation would lead to lower interest rates and higher...
...half-liter bottle, beer in West Germany is priced 25% lower than mineral water or fruit juice. Still, several big brewers have been selling beer at a loss in selected markets, only to find that many Germans regard inexpensive beer as, well, cheap. Despite the interest in fitness, the light Diät beers some brewers have introduced have flopped. Germans do not like their beer to be as robust as they used to; brands with alcohol content close to 6% are fading, and the typical beer is now 4.2% alcohol; but even those brews are more potent than...
Driven by bottom-line imperatives, U.S. companies have been notably inventive in cutting energy bills. One of the more intriguing ideas now comes from INSCO Systems of Neptune, N.J., a smallish (850 employees) subsidiary of Continental Corp., the big insurance group. During a natural gas shortage three winters ago, INSCO, which sells computer services to Continental and other insurers, decided that it could save fuel through what was literally an open-door policy. So one cold Friday evening, the doors throughout the firm's three story, 102,000-sq.-ft. building were left open so that the heat given...
...Duchess of Coolsville Richie Lee Jones hits big with a dash of scat and street poetry...