Word: ftc
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Dates: during 1980-1989
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...biggest setback of all came at the hands of the Federal Trade Commission, which has become generally more promerger since the beginning of the Reagan Administration. The FTC sued Mobil for violation of antitrust laws in order to block the takeover bid. The FTC has left a loophole, though, that would allow Mobil to go ahead if it gives up some of Marathon's gas stations and its distribution network. But the agency still refused to consider Mobil's offer to sell off part of Marathon's holding to Amerada Hess Corp., another oil company...
...other fronts, the reformers have had less impact. Investigative groups ranging from Ralph Nadar's organization to the Federal Trade Commission (FTC) have raised serious doubts about the test makers' claims, but policies here at Harvard and elsewhere haven't changed significantly as a result. Two leading critics of the SAT, and of ETS itself, are Harvard-affiliated doctors Warner V. Slack and Douglas Porter, who have combined their respective backgrounds in computer medicine and psychology to produce a detailed critique of the test and its administrators. Their most important research on the issue appeared last year in the Harvard...
...most recent FTC report on the SAT, compiled by Joan Gerrity of the agency's Boston office and released last April, concurs with the Slack-Porter conclusion that "ETS and the College Board have not fully disclosed the potential benefits of coaching," Gerrity says. The report also raises questions about "how useful schools should find a test that appears not to be very standardized" and "how much high school education has become oriented toward a test that may not be valid for a lot of students," she adds. Yet admissions officers do not question ETS's practices, describing the company...
Regulation of Trade Practices. The Federal Trade Commission now makes cost-benefit analyses before issuing new rules. The Administration has also cut back on the funding and powers of the FTC's antitrust division, which it had originally hoped to eliminate. As a result, the FTC has been less aggressive in opposing corporate mergers, a reversal that may be helping to fuel the recent rash of takeover bids. Last week an FTC official ruled that antitrust actions against the three largest cereal companies be dropped. The commission is also backing away from plans to regulate nonprescription drugs, require used...
...formally appointed, but James Miller is a likely choice. Even before the new chairman arrives, policy is shifting. Last week the commission announced that it would not oppose Standard Oil of Ohio's takeover of Kennecott Corp., the nation's largest copper producer. A year ago, the FTC would probably have fought that acquisition...