US promises tougher antitrust efforts

"When you become successful and you have market power, you need to pay attention to the rules."

By
May 12, 2009 08:59
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Obama administration warned corporate America on Monday that the government will more aggressively investigate big firms that hurt smaller competitors - contending lax enforcement by the Bush administration fueled the current economic troubles. Assistant Attorney General Christine Varney said the Justice Department was abandoning legal guidelines established by the Bush administration in September 2008. Critics complained that the earlier instructions made it difficult to pursue antitrust cases against big firms. Varney laid out the new policy in a speech to the Center for American Progress, a left-leaning think tank. She said some of the economy's problems were due to the lack of enforcement in the previous 10 years - a clear jab at the Bush administration, which, she said, raised too many hurdles to antitrust investigations. "There was a high cost to standing aside. We must change course and take a new tack," said Varney. The new rules mark a return to the antitrust policies of the Clinton administration, which brought a major action against Microsoft. These days, similar questions are being asked about the market dominance of Google. The Justice Department is reviewing a proposed legal settlement with authors and publishers that would expand Google's digital library of books, after some librarians and consumer activists complained that the proposed settlement will give Google a digital monopoly on millions of books. Asked about Google, Varney insisted her remarks weren't aimed at any particular company or industry, but wanted all companies to get the message. "Look, when you become successful and you have market power, however you define it, you need to pay attention to the rules," she said. Bruce McDonald, a lawyer and former antitrust official in the Bush Justice Department, said Varney's comments did not give any clear indication whether the government will challenge conduct by Google. "We now know what direction Ms. Varney wants to take the antitrust enforcement, but exactly how far she will go will only be known when it's played out in particular cases," he said.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS