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...products. The Justice Department request represented a sharp departure from previous practice under which such a court order would be confined only to the 18 items of electrical equipment on which G.E. was convicted of price fixing in last February's great conspiracy trial (TIME, Feb. 17 et seq.). If approved by the court, the new proposal would make G.E. liable for contempt of court if it were ever again convicted of price fixing in any field. From the Justice Department viewpoint, this would have twin advantages: 1 ) it would make all G.E. divisions, rather than just those already...
...most formidable of the extremist groups is the John Birch Society (TIME, March 10. et seq.), founded three years ago by retired Massachusetts Candymaker (Welch's Fudge and Sugar Daddy) Robert Welch, 62. So suspicious that he often denounces shuffling or coughing in his audience as "a dirty Communist trick," Welch has a gift for such phrases as "Comsymp." which he uses as a label for many who disagree with him, and a talent for such slander as describing Dwight Eisenhower as "a conscious agent of the Communist conspiracy." His causes are many: they range from a campaign against...
...really knew just why the U.S. consumer has suddenly relaxed the stern budget watching that has been so severe a drag on the nation's economic recovery (TIME, July 21 et seq.). Scorning such psychological explanations as Christmas spirit or a diminishing fear of war, the economists could only note that more jobs, longer work weeks, and increased dividends for the nation's 15 million stockholders had lifted personal income by $4 billion in October to a record annual rate of $425 billion. Furthermore, though the cost of living has risen less than 1%, the average weekly take...
...five commissioners uphold Piper, they will place another U.S. Government agency at odds with Attorney General Bobby Kennedy's trustbusters-who have already had similar skirmishes with the Treasury Department on the issue of bank mergers (TIME, Sept. 8 et seq.). But if past performance is any guide, the trustbusters will probably press ahead with their case, undeterred by the disagreement of fellow bureaucrats...
...N.A.B.E. economists were skeptical about the chances for what FORTUNE calls a superboom. There will be no real boom, most of them agreed, until businessmen start spending vigorously on capital expansion-and that is unlikely to happen until the newly tightfisted U.S. consumer (TIME, July 21 et seq.) decides to open his wallet wider. The N.A.B.E.'s outgoing president, Dr. George Cline Smith, senior partner of the Manhattan economic consulting firm of MacKay-Shields Associates, blamed the international news for the consumer's timidity. Said Smith: "If the economy is going to take off for the expected highs...