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Last week, in its most important antitrust decision since the basing-point case (TIME, May 10, 1948 et seq.), the U.S. Supreme Court disagreed with Judge Minton, who took no part in their deliberations in the case. In a 5-3 decision, the Supreme Court ruled that if the lower price was offered in "good faith" (i.e., to meet competition), then it was legal under the Robinson-Patman Act. "The heart of our national economic policy long has been faith in the value of competition," wrote Justice Harold Burton for the majority. "Congress did not seek by the Robinson-Patman...
...long fight to divorce moviemaking from exhibiting, the Justice Department won the third round of its bout with Hollywood's Big Five (TIME, May 17, 1948, et seq.) Warner Bros. Pictures, Inc., following the lead of Paramount and RKO, last week agreed to split into two new companies. One will produce and distribute films, the other will show them. Under the consent decree, the three Warner brothers, Harry, Albert and Jack, and other members of the family will be permitted to hold stock in only one of the companies. To increase competition in certain cities, Warner also agreed that...
From the moment famed Cellist Pablo Casals agreed to lead a 1950 Bach festival in Prades (TIME, Jan. 30, et seg.), Columbia Records began setting the stage to record it. Among other things, canny Columbia saw to it that only Columbia (or entirely unaffiliated) artists were invited to take part. This guaranteed some fine artists, but excluded such notable Bach interpreters as Harpsichordist Wanda Landowska, who happens to make records for Victor...
...Symphony No. 2 (Lukas Foss, pianist; the New York Philharmonic-Symphony, Leonard Bernstein conducting; Columbia, 2 sides LP). Composer Bernstein took his inspiration for this work from Poet W. H. Auden's The Age of Anxiety; he seems to have taken his musical inspiration from Shostakovich, Prokofiev, Stravinsky, et al. Performance and recording: good...
...knees before the Holy Door of St. Peter's, white-mantled Pope Pius XII lifted a golden trowel. In the center of the door's threshold, he placed a dab of slaked lime with the words: "In fide et virtute Domini Nostri Jesu Christi Filii Dei Vivi [In the faith and the strength of Our Lord Jesus Christ, Son of the Living God]." Continuing to intone the Latin formula, he placed lime to the right and left on the threshold, then laid three bricks-one gilt and two silvered-in the mortar. Thus, a year after...