Word: ftc
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Dates: during 1970-1979
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Many businessmen are already mired in time-consuming antitrust cases. The Justice Department is pressing monumental cases to break up IBM and AT&T, and the FTC is doing the same in a suit against Exxon and seven other oil companies. It is unlikely that the FTC suit will come to trial much before the 21st century, by which time the Government expects oil to play a diminishing role in the nation's economy...
Physicians who develop new treatments and new techniques have voluntarily accepted a professional ethic that they publish these findings for the use of all physicians in the treatment of all patients. If the FTC puts physicians in the position of price competition by destroying their ethical ban on advertising, they should expect that a physician who develops an effective new treatment will keep it a secret and sell it to the highest bidder rather than publish it for the use of all. I do not believe that to be a wise exchange...
...used as a weapon, says the report, wearing down opponents to force a favorable settlement, or prolonging a profitable activity while its legality is interminably tested in court. When the Federal Trade Commission charged eight oil companies with stifling competition, the companies made more than 400 motions opposing FTC demands for documents. First filed in 1973, the case is still at least three years away from trial. Meantime, the companies continue to do business as usual...
...report showing the lengths to which the entertainment industry goes in marketing mayhem and sex to children under 17. Gore and running mate Joe Lieberman, a longtime critic of the industry, vowed that if these companies don't change their selling practices, a Gore-Lieberman administration would give the FTC new enforcement powers and prosecute them for false advertising...
...against the record industry had got out of hand, particularly when it reached hearings before the Senate Commerce Committee, where Gore was a member. "I was not in favor of the hearing," Gore said, according to a transcript leaked to Daily Variety. Last year, when the administration ordered the FTC study in the wake of the Columbine High School shootings, entertainment executives were furious at the prospect of being made scapegoats. As their contributions to Gore began drying up, Gore met with them privately in August 1999 and noted pointedly that the study (the same one he now touts...