The Federal Trade Commission has so often been confused, cranky and slow-moving in the past that Washington officials have dubbed it "the Old Lady of Pennsylvania Avenue." Last week, however, the old lady kicked up her heels over a victory that greatly increased both her prestige and power. Overruling two lower-court decisions, the Supreme Court held that the FTC acted correctly when, in 1962, it ordered Colgate-Palmolive and the Ted Bates ad agency to stop using a mock-up of Plexiglas and sand to demonstrate on TV that Palmolive Rapid Shave could make...
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