The Fcc Tries To Reverse Some Overseas ChargesMark Lewyn
The Federal Communications Commission doesn't often enter the rough-and-tumble of global trade wars. But the annual payments imbalance in international phone calling is growing so fast--doubling since 1987 to a projected $2.7 billion this year (chart)--that FCC Chairman Alfred C. Sikes is ready to take extraordinary steps. As early as March, the commission is expected to adopt measures to prod state-owned foreign phone monopolies into ending practices that inflate the cost of international calling and exacerbate the U. S. current-account deficit--the amount by which imports of goods and services exceed exports.
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