the supremes strike one more blow in favor of big business....

[robinlynne]

I just found this gem in the NYT. These supremes are gonna be worse than these past 6 years. We MUST recount the 2004 votes!!!!!!!!

link: http://www.nytimes.com/2007/06/29/business/28cnd-bizcourt.html?ex=1340769600&en=0b4c106d96a846ae&ei=5088&partner=rssnyt&emc=rss

Justices End 96-Year-Old Ban on Price Floors

By STEPHEN LABATON
Published: June 29, 2007
WASHINGTON, June 28 — Striking down an antitrust rule nearly a century old, the Supreme Court ruled today that it is no longer automatically unlawful for manufacturers and distributors to agree on setting minimum retail prices.
The decision will give producers significantly more leeway, though not unlimited power, to dictate retail prices and to restrict the flexibility of discounters.

The court struck down the 96-year-old rule that resale price maintenance agreements were an automatic, or per se, violation of the Sherman Antitrust Act. In its place, the court instructed judges considering such agreements for possible antitrust violations to apply a case-by-case approach, known as a “rule of reason,” to assess their impact on competition.

The decision was the latest in a string of opinions this term to overturn Supreme Court precedents. It marked the latest in a line of Supreme Court victories for big businesses and antitrust defendants. And it was the latest of the court’s antitrust decisions in recent years to reject rules that had prohibited various marketing agreements between companies.

[robinlynne]

1. on edit, I should add....5-4 of course.

[firefox_fan]

2. Yup, saw it...

So, how about setting a minimum price for gas at $4/gallon?

[snappyturtle]

3. Well, we're screwed....the SC really had a week didn't they? nt

[varkam]

4. Ha! I guessed 5-4 before I even opened it.

What a sham.