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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (7353)	9/1/1998 11:09:00 PM
From: MGV	Respond to of 22640

That is good news Steve. Welcome back.

To: Steve Fancy who wrote (7353)	9/1/1998 11:44:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazilian court dashes Collor comeback plan Reuters, Tuesday, September 01, 1998 at 23:31 BRASILIA, Sept 1 (Reuters) - Former Brazilian president Fernando Collor conceded defeat on Tuesday in his bid to run in next month's presidential elections after a supreme court ruled against it. "We're out, that's the end," said a spokesman for Collor shortly after the Supreme Federal Tribunal (STF) upheld a ban on his holding elected office until 2000. Collor was a virtual unknown state governor when he was elected president in 1989 on a pledge to clean up corruption. But he resigned in 1992 as Congress prepared to impeach him on allegations of influence-peddling. Soon afterwards the Senate banned him from holding elected office for eight years. Although the STF cleared Collor of criminal corruption charges in 1994, the ban remained in place. An injunction after a barrage of appeals allowed Collor to appear for one day last month in television slots reserved for candidates in the presidential elections on October 4. Collor's spokesman said the former president now had his sights on the 2002 presidential elections. "All that's left is 2002, and that one we will win," he said. Incumbent President Fernando Henrique Cardoso is widely expected to win a second term in October on the strength of his efforts to slash inflation to an expected 1.5 percent in 1998. Copyright 1998, Reuters News Service