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

To: Steve Fancy who wrote (8793)	10/4/1998 11:26:00 AM
From: Steve Fancy	Respond to of 22640

Polls open in Brazil general election Reuters, Sunday, October 04, 1998 at 07:13 SAO PAULO, Oct 4 (Reuters) - Polling booths across Brazil opened at 7 a.m. EDT (1100 GMT) on Sunday for the nation's 106 million voters who will choose a president, congressmen and state governors. President Fernando Henrique Cardoso was widely expected to win an unprecedented second term in office as voters look to him to lead the nation out of its worst financial crisis in years. Exit polls are due out immediately after polls close at 4 p.m. EDT (2000 GMT). Official preliminary results are expected after 6 p.m. EDT (2200 GMT). An opinion poll on Saturday showed the social democrat Cardoso, 67, favored by 49 percent of voters versus 24 percent for his main challenger left-wing Luiz Inacio Lula da Silva. The poll put Cardoso 12 points ahead of the combined total of all his rivals. Cardoso needs just one vote more than all his opponents together to win in a first round vote. Cardoso developed a reputation as an economic problem solver after slashing inflation from nearly 3,000 percent when he was elected in 1994 to 1 percent today. Analysts say Brazilians hope he can restore faith in Latin America's largest nation, which has lost some $30 billion in capital flight since Russia devalued in mid-August, causing an investor retreat from emerging markets. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8793)	10/4/1998 11:29:00 AM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Cardoso Is Overwhelming Favorite As Brazil Polls Open Dow Jones Newswires RIO DE JANEIRO (AP)--Brazil may be facing its worst economic crisis since the country went broke in 1982, but President Fernando Henrique Cardoso remained the clear favorite as voters prepared to vote Sunday in national elections. Cardoso, who led Brazil into a time of stagnation and record unemployment, has promised spending cuts and more taxes if re-elected. And all polls have indicated the 67-year-old sociologist has enough support to win another four-year term on Sunday, when Brazilians also will choose 27 governors, all 513 federal deputies, a third of the 81-seat Senate and 1,045 state legislators. A survey conducted last week by the prestigious Ibope polling institute gave Cardoso 47 percent of the vote to 24 percent for Luiz Inacio Lula da Silva of the leftist Workers Party. The survey of 3,000 people nationwide had a margin of error of 3 percentage points. Polls opened at 8 a.m. (1100 GMT) and close at 5 p.m. (2000 GMT), but anyone waiting in line at closing time will be allowed to vote. Lula voted early in Sao bernardo do Campo, an industrial suburb of Sao Paulo where he worked for years in an auto plant. Cardoso was to vote later in Sao Paulo. In Rio, the sun came out after days of rain and lines formed early outside voting stations. As usual, a ban on last-minute campaigning near polls was widely ignored, and campaign workers waved party flags and handed out leaflets. Voting is compulsory for Brazilians between 18 and 70. Although elections were expected to be peaceful, army troops were stationed in nine states, in districts with high Indian populations or a history of land conflicts. A ban on liquor sales was in effect in most states.