Word: ftc
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...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...
...reformers really mean to punish the FTC and severely limit its powers." In an attempt to stop such congressional action, top Carter Aide Stuart Eizenstat sent an urgent plea to Senator Ford, arguing that the Senate was about to "undermine the capacity of Government agencies to meet real public needs...
Some of the FTC's recent actions, such as permitting lawyers to advertise despite the American Bar Association's restrictions and forbidding companies like Levi Strauss or Florsheim from setting minimum retail prices on their products, have benefited consumers. But the agency's excesses endanger its important consumer protection work. Says Republican David A. Clanton, one of the five FTC commissioners: "The trouble with the pendulum swinging the other way is that you knock out all the good stuff as well as chastising us where we need to be chastised." But when the final votes are taken...