Word: major
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Dates: during 1970-1979
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...else some virtually infallible instrument for guiding their strategy." This crisis of confidence has been accelerated in Europe by the Third World's pervasive contempt for the West. Aron believes that the tendency of Africans and Latin Americans to blame the persistence of poverty on colonialism is a major victory of the Marxist-Leninists. He writes: "The propaganda message is that the Europeans owe their prosperity not to their own work but to the exploitation of the poor; imperialists, even when they withdraw from all their possessions, are still the opponents of the developing world...
...year ago, Berkey Photo (1978 revenues: $199 million) won a major victory over giant Eastman Kodak ($7 billion) in one of the largest private antitrust suits in history. A federal district-court jury in Manhattan found that Kodak, which made more than 80% of the film sold in the U.S. in 1973, when the case was first brought, and garnered over 60% of camera sales, not only had monopoly power in the amateur-photography field but had used this power unfairly. Berkey was awarded treble damages of $87 million. Now, in an equally stunning reversal, the U.S. Second Circuit Court...
Antitrust experts are intrigued by Kaufman's forceful insistence that courts should not automatically judge bigness to be badness. That is the issue in the current major antitrust cases that the Justice Department is pursuing against IBM and AT&T. Kaufman's reasoning has yet to be tested in other cases and in higher court. Still, some lawyers find it to be a rare reassertion of what used to be a traditional antitrust rule: that the mere existence of monopoly power does not make a big company culpable under the Sherman Act. In the classic interpretation of antitrust...
...dealers in gold. Though prices dipped somewhat last week, contracts for wheat and some grains to be delivered in July rose to yearly highs during June. At their peak, contracts for wheat were up to $4.86 per bu., vs. $3.23 for the same period last year. Corn, the major livestock feed, jumped to $3.17 per bu., up from $2.59 last year...
...digital record of Eugene Ormandy and the Philadelphia Orchestra in hot pursuit of a Bartok concerto. Warner Bros. Records, Inc., will bring out its first digital record next month, Ry Cooder's lively excursion into rhythm and blues, Bop Till You Drop. Warner is thus the first major American record company to release a nonclassical digital album, one that proves digital will make everything sound better, whether it has sweep or whether it has soul...