Word: lawfulness
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Dates: during 1970-1979
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...there is simply no hard evidence to support this concern. New York Attorney Ira Millstein, co-founder of the Columbia University Center for Law and Economic Studies, observed: "There are feelings about large mergers, there are emotions about large mergers. There is a suspicion about size and its relationship to the power and politics of society. But there is an almost total lack of responsible research in the area...
...accusing it of monopolizing the "general purpose" computer business. Specifically, IBM was charged with trying to force customers to buy entire IBM systems for commercial use, and with keeping competitors out of the market. A decade later U.S. vs. IBM is still droning on, a costly monument to the law's delay. The frustrating case, Yale Professor Robert Bork told TIME'S conference, is the antitrust division's "Viet Nam." Thomas Barr, the Cravath, Swaine & Moore attorney who is leading the IBM defense, explained at the meeting why he sees no light...
...case has also been a. man-eater for IBM and its law firm. In order to recruit top law school graduates, Cravath has constantly had to boost starting salaries (this year: at least $30,000); the grads fear becoming stuck on the IBM case, which is widely seen as a black hole for fledgling legal careers. Those who are assigned to the case get up to $5,000 extra combat pay annually...
...with any tax law, though, complications exist. "There are questions to be raised," says Babbidge. "Will the viewing rights tax not be seen as an insidious first step toward taxation of intangible wealth? Doesn't simple fairness suggest that windows of differing size be assessed differently? How about pedestrians, bus riders and loiterers: are they to be freeloaders while the middle class is once again taxed to subsidize their pleasures?" Such problems aside, there is still some comfort for the assessed: the window tax is taxdeductible...
...keeping alive a process that began with SALT I a dozen years ago and will continue?in SALT III, IV and V?for decades to come. The Strategic Arms Limitation Talks have been called the most important negotiations of the postwar era. But whether SALT II ever becomes the law of the land, indeed whether the SALT process is to continue, depends on the U.S. Senate, which must ratify the treaty by a two-thirds majority. The debate in the Senate over ratification will cover a range of questions, including one of history: Who conceded what to whom in exchange...