Word: trusts
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Dates: during 1980-1989
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...Bankers Trust...
...more than 60 other colleges and universities nationwide that recasts the battle over the "good old causes." Namely, the government is investigating whether the schools--which include the most prestigious in the country--illegally colluded in business arrangements to set tuitions, salaries and undergraduate financial aid that violate anti-trust laws...
...fundamental question returns to this: are the elite universities the ones to judge if they are above the point of the anti-trust laws, i.e. promoting fair and open competition to serve the public...
...Defense. No one has considered academic collegiality in the same league as business combinations since the Sherman Anti-Trust Act was passed in 1890. Obviously education holds a special place in American society, and the pursuit of knowledge essential to a democracy has no readily tangible--or easily comparable--costs. Thus, investigated university officials say that "cooperation" in financial matters befits their high-minded enterprise, and further serves the overall public good of maintaining access to education independent of cost...
...home-rule" petition to the state legislature, asking that the city be allowed to charge developers a fee of three dollars per square foot on new construction that exceeds 30,000 square feet in area. The money raised by these so-called "linkage" fees would be placed in a trust fund to help build housing for city residents with low-to-moderate incomes...