WASHINGTON -- Declaring the telecommunications industry in a state of "utter crisis," the chairman of the Federal Communications Commission suggested his agency could allow a Baby Bell to take over WorldCom Inc., a combination once seen as unthinkable, Monday's Wall Street Journal reported. A merger of a large regional phone carrier and the nation's second-largest long-distance company would reverse the FCC's position on such deals. It could also revive the spirit of AT&T's monopoly before the 1984 court-ordered breakup that created the regional Baby Bells, by allowing one company to control huge swaths of both markets. But in his...