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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...
Most of the correspondents thought that censorship was long past due. Under the vague and sometimes conflicting directives of "voluntary censorship," correspondents were saddled with the responsibility of deciding security problems for themselves. As a result, they were often in hot water (TIME, July 24 et seq.). At other times, correspondents in Korea sat on good stories, for fear of breaking security, only to find that the same stories had been released in Tokyo or Washington and that they had been scooped...
Enforcement of New York State's Feinberg law (TIME, April 11, 1949 et seq.), held up for more than a year by challenges in the lower courts, got a green light last week from the state's top court. Said New York's court of appeals, in unanimously upholding the law's barring of schoolteachers who belong to organizations listed by the state Board of Regents as subversive: "Public employment as a teacher is not an uninhibited privilege." Opponents of the law (including a teacher-union local and the Communist Party) planned final appeals...
When Stebbins tried to make something of the fact that the defendants had fought against the SEC campaign to sell railroad and public utility securities at competitive bidding (TIME, March 25, 1940 et seq.) rather than at negotiated sale, Medina broke in sharply. What was wrong with that? he asked. What Stebbins was saying, said Medina, was that if you don't agree with the Government you ought "to keep your mouths shut ... It seems to me ... we are right on the brink of some form of totalitarianism...