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

To: Steve Fancy who wrote (12072)	1/20/1999 2:58:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Brazil Lower House Opens Session On Social Security Vote Dow Jones Newswires BRASILIA -- Brazil's lower house of Congress started deliberations late Wednesday on a key component of the government's fiscal reform plan. The lower house is slated to vote on a controversial measure that increases social security taxes for civil servants and would also require retired public workers to contribute to the bankrupt pension system. As of 1945 GMT, no votes had been taken, as government allies and opposition party members presented their arguments. Before the actual legislation can be voted, the deputies must pass a fast-track measure to get the pension proposal on the voting agenda for Wednesday. Prior to that, however, the lower house will vote on a request by opposition party members to take the fast-track proposal off Wednesday's vote schedule. -By William Vanvolsem; (5561) 975-0461