Exxon barely lifted a finger to earn its additional billions other than go along with prices that were the result of collusion by a cartel, and hardly a reflection of a free and unfettered international marketplace.
The Federal Trade Commission, which is investigating whether the soaring prices could be a result of industry collusion, expects to report its findings to Congress by the third week of July, said Robert Pitofsky, the agency's chairman.
While there is no question that the APA has much work to do to repair the damage to its integrity and to restore people's faith in the discipline of psychology, it is worth remembering that myriad individuals suffered directly as a result of this collusion.
I see this as the very unfortunate result of collusion among a culture that fails to require true expertise as a basis for expert opinion; a news media that profits from the perpetual uncertainty of their audience, and thus their receptivity to the next false promise; and experts willing to do whatever it takes to be heard above this din.
The result of this collusion, however, was to create a schism between headquarters and field operations.
The federation claimed that the reorganization was a result of collusion among ATP officers and owners of tournaments acting in their self-interests.
The investigation, which could take as six weeks, will be conducted by the agency's Bureau of Competition, which has already been looking into whether higher prices in California is a result of collusion between refiners or distributors.
He said that the fall in oil prices was the main culprit in Russia's economic difficulties, and that the price decline had "maybe, maybe not" come as a result of collusion between the United States and Saudi Arabia to make life difficult for Russia and Iran, two countries with large oil reserves.
The NFL players union says former San Francisco 49ers safety Eric Reid has filed a formal grievance against the league, alleging that he remains unsigned as a result of collusion by owners.
