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...higher prices for consumers--and never moved to curb the growth of trusts, the huge enterprises that gathered together smaller companies to form near monopolies. Oil, steel, rubber, copper--one after another, the major sectors of the U.S. economy were becoming dominated by behemoths like John D. Rockefeller's Standard Oil, which marketed 84% of all the petroleum products in the U.S. As large companies gobbled up smaller ones, McKinley did nothing to spoil the feeding frenzy, though it often meant higher prices and lower wages. The Sherman Antitrust Act, passed in 1890, was a feeble weapon to begin with...
...outlook was not entirely different. He didn't dispute the benefits of large-scale capitalism, and he thought of huge enterprises as an inevitable development of the industrial age. He understood the idea of economies of scale. Wisconsin Senator Robert La Follette and William Jennings Bryan, the perennial standard bearer for the common man, might have wanted to dismantle everything bigger than a hardware store. What Roosevelt wanted was simply to regulate the big outfits. For starters, he wanted to compel them to open their books. Quarterly reporting in the corporate world was still a novelty and always voluntary...
...planted along the road and did not give warning as the Marine convoy approached. That collusion makes them as guilty as the ones who planted the bomb. The Marine and Army grunts who deal with the complacent and devious citizens of Iraq are being held to an impossible standard...
DIED. Claydes Charles Smith, 57, co-founder of the funk-pop band Kool & the Gang (once called the Jazziacs), whose monster hits of the '70s and '80s included Jungle Boogie, Joanna--which Smith wrote--and the now standard wedding anthem Celebration, which he co-wrote; after a long illness; in Maplewood...
...Gangster, from Malaysian director Badi Hj. Azmi, is a standard exercise in macho auto-eroticism, but with extra horsepower. Malaysian punks race their souped-up cars on the public highways of the country?s capital - sort of The Fast and the Kuala Lumpurious. But it also interweaves three stories, making it a Crash with lots more fender-benders, and all in 79 zippy minutes. There?s also a scene in which a kidnapper rapes a sweet Muslim wife while her child?s in the room. No fatwas, please...