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

To: Steve Fancy who wrote (12078)	1/20/1999 3:40:00 PM
From: wl9839	Read Replies (4) \| Respond to of 22640

Don't go crazy on the puts yet! Brazil Opposition Removes Bid To Thwart Fast Track Vote Dow Jones Newswires BRASILIA -- Brazilian opposition party leaders have withdrawn a request to suspend voting Wednesday in the lower house of Congress on a measure to fast track a key component of the government's fiscal stabilization plan.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. The measure has failed four times in the past four years. Immediately after the opposition request was withdrawn, lower house chairman Michel Temer opened deliberations on the fast-track vote. If the fast-track vote is approved, the actual pension legislation is scheduled to be voted on later Wednesday. ------------------------------------------------------------------------ Return to top of page \| Format for printing Copyright