Word: ftc
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...first job in Washington, as Chairman of the Federal Trade Commission, he carried out a reorganization that pointed the FTC toward serving consumer interests so effectively that he won praise from a man little disposed toward lauding bureaucrats, and especially not Republicans: Ralph Nader. Later, after moving from OMB to HEW Secretary, Weinberger sold Nixon, though not Congress, on a national health insurance plan...
...that the tariff on foreign cars be increased from 2.9% to 20%. Representatives of the Federal Trade Commission said that higher tariffs or limits on Japanese imports would cost U.S. consumers at least $3 billion a year while preserving at most 69,000 jobs for American autoworkers. The FTC estimates that those steps would raise the price of a $7,000 Japanese car in this country by at least $500. Fewer imports would also reduce competition and allow U.S. automakers to hike the prices of their vehicles...
...FTC normally chases after false corporate advertising claims, such as Carter's Little Liver Pills' promised relief from liver ailments or Listerine's guarantee that it helps fight colds. But last week the FTC forced the U.S. Treasury Department to change the ads it uses to promote bonds. Previously it had emphasized the interest earned and claimed that bonds were a "good investment." The new ads will stress that through plans like payroll deductions, bonds can be a good method of forced regular saving...
...spoke for nearly three-quarters of the country's doctors; today its 192,000 members account for less than half. The growth of consumerism, increased governmental scrutiny and new aggressiveness by other health-care groups have shaken the A.M.A.'s dominance. In addition to fighting the FTC order, the A.M.A. has been embroiled in litigation with chiropractors in Illinois, Iowa and New Jersey, and with the New York State attorney general, who charges that the A.M.A. has interfered with the freedom of medical practice. Defending itself now costs the association three-quarters of a million dollars a year...
...copied his formula, Johnson Products continued to dominate the sales of all hair relaxers, substances that straighten curly hair. But in 1975 the Federal Trade Commission required the company to warn consumers that Ultra Sheen contained lye, which could burn the scalp and cause eye damage. Johnson claims that FTC officials assured him at the time that the other straighteners would also have to print a warning about lye on their packages. Yet for almost two years, while Ultra Sheen's label carried the notice, competitors like Revlon continued to market their "safe," "gentle" and "natural" products. Says Johnson...