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Telecom monopoly overcharging Mexicans billions

Telephone service in Mexico is run by a monopoly that is overcharging customers billions of dollars, according to a new report by the Organization for Co-operation and Development (OECD).

"The lack of telecommunication competition in Mexico has led to inefficient telecommunications markets that impose significant costs on the Mexican economy and burden the welfare of its population," say the report's authors.

The culprit companies, America Movil (mobile phones) and Telmex (fixed lines), are owned by the world's richest man--Carlos Slim. According to Forbes' list of top billionaires, Slim's net worth is $74 billion; next … Read more

OECD: Cyberwar risk is exaggerated

While governments need to prepare for cyberattacks involving espionage or malware, the likelihood of a sophisticated attack like Stuxnet is small, according to a study by the Organisation for Economic Co-operation and Development.

In a cyberwarfare report (PDF) released today, the OECD said that the risk of a catastrophic attack on critical national systems has been exaggerated. The majority of cyberattacks are low-level and cause inconvenience rather than serious or long-term disruption, according to a co-author of the report, professor Peter Sommer of the London School of Economics.

"There are many scare stories, which, when you test, don't … Read more