Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.614

-15.9%

3:59 PM EST

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To: Steve Fancy who wrote (965)	2/8/1998 5:21:00 PM
From: Weekapaug	Read Replies (1) of 22640

Steve, Todays NYTimes had article about vote on Thursday. Demonstrators from the left broke down a bullet proof door to stop the vote. President of the senate ordered the police to "shoot to kill" if they made there way in before vote was taken. Congressmen blocked other door to prevent protestors from getting in and to prevent other members form leaving before vote was taken. This might account for what I'll call "stange action of TBR" lately. Could it be the reason for downgrade? Who knows? But it does send shivers up my spine to think about how violent this privatization is becoming? Codorso insists in article "structual problems don't change in 3 to 4 years, you can only help along a tendency, create a body of policies, that can have an effect." He referred to the Civil Rights struggle hear as example and how " far ahead the talk was to the practice." What a deal Civil Servants pensions can be collected at age 50. Equal to full salary and continue working getting raises and promotions along the way. Claims it will save 10 billion right away, if final vote is passed. Just seems to me "delays are at hand for awhile." We'll see? Ken

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