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Back in December 1970, law professor John A. Spanogle sat down and wrote a letter to Hampton Rabon, deputy assistant secretary of the Treasury Department, about a very large subsidy which the Treasury was providing hundreds of banks. Spanogle, who was working with us at the time, wanted to know why the Treasury was leaving…
WASHINGTON–Lead free gasoline will be needed for catalyst‑equipped 1975 automobiles soon to reach the market. These latest pollution control devices are supposed to permit an average 10% better fuel economy than 1974 cars. Also, the Environmental Protection Agency estimates that such lead free fuel will save motorists $45 per year in maintenance costs. All these…
WASHINGTON–Americans are now spending over $100 billion annually for a health care delivery system whose inequities, waste and quality deficiencies are so well documented that almost every conceivable political faction now supports some concept of “national health insurance.” The issue before Congress for the last four years is what kind of national health insurance? In…
WASHINGTON, D.C.–The crumbling ideology of big business is being hastened by the deeds and words of big business itself. For years, large corporations have built up big government as a bustling bazaar of accounts receivables, indirect tax subsidies and official insulations from market competition. Now a further dimension is being added to the construction of…
WASHINGTON, D.C.–The early signs of the crushing economic burdens which faulty nuclear power plants are placing on electric utilities portend greater trouble as the number of such plants coming on line increases. Although utilities are not eager to concede these mounting costs, preferring to emphasize rising oil and coal prices instead, the following recent developments…
WASHINGTON–Are Foundations reluctant to support studies of corporate behavior or the concentration of wealth in the economy? Figures recently available from The Foundation Center underscore a resounding “yes” to this question. For the period 1972 and 1973, the Center reports that out of 18,700 grants, only 34 grants came under the heading of “economic studies.”…
WASHINGTON–If there is ever to Senator Sam Ervin, busy struggling against the Watergate mess, can be partially excused for delegating the job of preparing minority report to his counsel, Robert B. Smith, a crisp, virulently anti-consumer lawyer who huddles regularly with big business lobbyists trying to stop the CPA bill on the Senate floor. But…
WASHINGTON–This August at the annual meeting of the American Bar Association, (ABA), the nation’s establishment lawyers will witness an extraordinary three hour program on injustices in the delivery of legal services and what can be done about them. Prominent on this program will be case studies of people who have been victimized by the ills…
A successful way to fight inflation is for the government to enforce the old anti-monopoly laws against price-fixing, concentrated corporate power in the marketplace and other anti-competitive practices. Consider the recent case of falling General Electric light bulb prices in New York City. On April 3, General Electric announced the dismantling of its 62-year-old system…
WASHINGTON–A successful way to fight inflation is for the government to enforce the old anti-monopoly laws against price-fixing, concentrated corporate power in the marketplace, and other anti-competitive practices. Consider the recent case of falling General Electric light bulb prices in New York City as an illustration. On April 3, General Electric announced the dismantling of…