This Week in the News…

Posted: August 24, 2001 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

Following are highlights of national news coverage George Mason received during the past week:

Friday, August 17, CNBC: Business Center

Microsoft Suffers Setback as Federal Judge Throws Out its Request for Delay in Antitrust Case

Hampton Pearson, CNBC: “Some antitrust experts say part of Microsoft’s legal strategy for seeking delays is tied to the October release of its new Windows XP operating system. The bundling of several stand-alone products in XP revisits one of the key issues in the ongoing legal battle.”

Ernest Gellhorn, George Mason University law professor: “Microsoft’s legal strategy, if it feels it’s necessary, is one to postpone any consideration of remedies until we get past October 25th, or at least prevent any interim order to be issued, because once that product is on the street it’s going to be very hard to change it.”

Monday, August 20, Wall Street Journal

Court’s Rebuke May Push Microsoft Toward U.S. Deal

“Microsoft is on the verge of shipping its new Windows XP operating system, and one antitrust expert, Ernest Gellhorn of George Mason University, said he thinks ‘it’s tough for the government to go forward without asking for interim relief’ targeted at XP.”

Thursday, August 23, Wall Street Journal

Letters to the Editor: There’s Nothing Like Clean, New Money

By Donald J. Boudreaux, Chairman, Department of Economics, George Mason University, Fairfax, Va.

“Because it’s expensive to ship U.S. dollars to the U.S. for replacement with fresh bills, many of the dollars used in Argentina today are mere rags, and this fact would probably continue to be true after full dollarization. Counterfeits are also common, both because it’s harder to distinguish genuine from fake worn-out notes, and because the people best equipped to spot fakes are tellers at banks that issue the real McCoys. Argentina’s bankers would keep a sharp lookout for forgeries of their notes, which would tend to come their way shortly after being issued. Counterfeit U.S. dollars, in contrast, often circulate abroad for years before experts at the Fed have an opportunity to spot them.”

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