Word: ftc
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Dates: during 1970-1979
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Such congressional action reflects the public's new antiregulatory sentiment. The FTC has come to epitomize all the problems of Government regulation run amuck. This new notoriety represents a strange metamorphosis for a body that in 1969 an American Bar Association commission condemned for inactivity and Ralph Nader's Raiders ridiculed as "the little old lady on Pennsylvania Avenue." Established in 1914, the FTC for most of its history was a largely ineffective agency that rarely used its powers to curb deceptive advertising and to press antitrust cases. In 1975, however, Congress broadened the commission's mandate...
Using its new muscle, the agency became the nation's nanny. An FTC administrative judge challenged Pitching Star Vida Blue's pitches for drinking milk because blacks often have trouble digesting milk. The commission proposed a truth-in-menu rule that might mean, for example, that no restaurant could offer as Maryland crab any crustacean that had crawled into Delaware. The agency intensified a holy war against breakfast cereal companies; it has proposed breaking them up and banning ads for presweetened cereals from Saturday morning's TV cartoon shows. An FTC-proposed rule warned that such...
...FTC vs. Kaplan
...schools founded by Stanley Kaplan, 60, the son of a Brooklyn plumbing contractor who has been tutoring all his professional life. Kaplan, rather brashly, had at one time advertised the ability of his review course, which now costs $275, to raise S.A.T. scores as much as 100 points. The FTC thought such claims "were not only unsubstantiated but false," says Albert Kramer, head of the Bureau of Consumer Protection...
...When the FTC last week released the findings of its four-year study, however, the entrepreneur from Brooklyn looked pretty good. The report was full of qualifications, and the results were still incomplete. But it clearly indicated that "underachieving students"-defined as those who score lower on standardized tests than their grades and class rank warrant -after ten weeks of coaching could improve both verbal and math scores by an average of 25 points. The largest average gain ever found by the College Board was eight to ten points...