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University Daily Kansan, October 6, 1983
Brazil asking creditors for debt renegotiations
By United Press International
BRASILIA, Brazil — Brazil is asking its bank creditors for some $12 billion in new money and rescheduled loans from the finance ministry source said yesterday.
The source, asking not to be named,
confirmed reports that Brazil is asking
the New York-based bankers committee,
which coordinates debt negotiation with some 800 individual banks,
to rollover maturity debt for nine years
and for five-year terms on the new
terms, is asking through the end of
next year.
"We are not right now negotiating the total debt or the rescaling of interest, first we are dealing with the problem of 1983 and 1984." Central Bank President Afsoufa Celso Pastore said, declining to give details of the terms.
PASTORE SAID HE would meet Thursday with the private bank advisory committee, which is handling renegotiation of Brazil's private-sector debt / some two-thirds of the total debt.
The meeting will take place at the International Monetary Fund headquarters in Washington and IMF headquarters de Paris or vice versa will be present, Pastore said.
He said that Brazil's discussions with the bank committee were "well advanced" and that a formal announcement of terms might be made after the meeting.
Pastore said that after the Washington talks he would fly on to Toronto, Tokyo, Bahrain, London and Zurich and that he would attend the American Bankers Association meeting in Honolulu.
Initial reaction in the business community to Brazil's new negotiating effort
"If we spend five years paying just the interest it won't be exactly paradise but it will be a big improvement," said Antonio Ermírio de Moraes, director of the country's biggest private holding group.
HE SAID THAT, under those conditions, Brazil would make an extra effort to boost exports and resolve its problems.
"But I still want to wait and see (the terms of the agreement)." he said.
meanwhile, politicians supporting President Gen. Joao Figueiredo started talks with opponents trying to find middle ground that would allow congressional approval of a wage-cutting bill, which the government said was essential to the foreign debt negotiations.
The bill sets all new pay hikes for four-fifths of inflation, which for the 12 months through September hit a new record of 175 percent.
A majority of the opposition-derived congress has promised to throw
ALOYSIO CHAVES, GOVERNMENT Senate leader, said his aim was to retain the essential inflation-reducing aspect of the bill but to add extra elements to win opposition support.
These could include increased company taxes and a freeze on food prices.
Sources said politicians would also try to convince the government that it was essential to make some provision for protecting lowest-paid workers.
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"If this consumer education extravaganza is a substitute ... then it is a cruel hoax by the admin- Pertschuk said in a statement.
Last spring, the commission decided on a 3-2 vote to reconsider the measure that would require used-car dealers to list on window stickers the automobile's known defects.
Commissioner Michael Pertschum and Consumers Union questioned whether the program, which includes radio spots, was really a replacement of the features, was really a weak replacement for the FTC's embattled used-car rule.
or use Visa
Mastercard or
American Express
ELLEN BROADMAN, AN attorney for Consumers Union, said, "We are very concerned that the
821 Mass.
By United Press International
FTC program gets negative reaction
WASHINGTON — The Federal Trade Commission revived up a public education campaign on buying used cars yesterday, sparking immediate rumblings within the agency and from consumer groups.
The commission proposed the used-car rule Aug. 18, 1981, but Congress, following an intense effort, approved the used-car industry, vetoed it.
LAST JULY, THE Supreme Court struck down the congressional veto as unconstitutional — resurrecting the rule as well as the fight over it.
FTC Chairman James Miller opposes the disclosure requirement, backing instead a window sticker that would simply advise consumers what to look for in a used car and which to buy. He mechanic examine the automobile.
The industry now is challenging the measure in the 2nd Circuit Court of Appeals in New York. The FTC has said it would act on the rule within six months after the court rendered a decision.
In the meantime, the FTC is offering brochures that list tips on buying a used car, including checking the battery for leaks, the tires for tread and the warranty for fine print.
educational campaign may be used to justify gutting the used-car rule."
معايير التأثير المالي للعملاء
سَعِيد الشُّدَّر الأخضر الرُّحْمَان
تُعين عينة من نسبة الأنواع التي تستطيع الحصول عليها، في
Union 8 بقيمة اربعون ألف ريال سعودية
القيمة المالية للكود
والرجل الذي أقابله الناس يقول لهم
$$\sqrt{1} + \sqrt{2} + \sqrt{3} + \dots$$
The ALPHA CHI's and CYSTIC FIBROSIS extend our thanks to these teams for their participation in CLASSIC '83.
ΑΓΔ Acacia KΣ #1 ΦKΘ
AOΠ Beta #1 KΣ #2 ΣN
AΦ Beta #2 ΛXA ΣΦE
XΩ ΔX #1 ΠKA TKE
ΔΔΔ ΔX #2 ΦΔΘ ΘX #1
ΔΓ ΔTΔ FIJI Θ #2
ΓФB ΔT ФКψ Triangle
Congratulations to the first CLASSIC champions; Beta and Delta Gamma
Congratulations to the first CLASSIC
Half price for KU Students
Chamber Music Society of LINCOLN CENTER
the
Sunday, October 9, 1983; 3:30 p.m.
Monday, October 10, 1983; 8:00 p.m.
Swarthout Recital Hall/Murphy Hall
THE MUSICAL SUCCESS STORY OF THE GENERATION The New York Times
Tickets on sale in the Murphy Hall Box Office
For reservations, call 913-864-3982
All seating is general admission
Public: $8; KU Students with ID: $4; Senior Citizens and Other Students, $6;
Student ID cards must be presented at the time of purchase and at the door
Partially funded by the KU Student Activity Forum, KU Endowment Association, Swarthmuth Society, Kansas Arts Commission and the National Endowment
Equality still not quite reality for working women, film savs
By LAURE JONES Staff Reporter
Staff Reporter
Although women are climbing telephones poles and corporate ladders, clear wage disparities still exist in the job market. A report shown last night in Lippincott Hall
In an effort to explore the controversial concept of comparable worth, the film asked "Are women paid less than men?" and found that historical patterns of discrimination?
Many of the 20 people who viewed the film, "You've Come a Long Way, Maybe?" agreed that women don't receive equal nav for equal work.
The film, produced by Indiana University, was shown by the Emily Taylor Women's Resource Center, 218 Strong.
ELISE PINNEY, ASSISTANT COORDINATOR of the Women's Center, said the
concept of comparable worth simply involved equal pay for both sexes. The issue is one that outrages people and reduces the value of women in the labor force.
The opponents of comparable worth argue that the market itself is not fair or unfair, it is merely based on supply and demand for jobs. In the film, the value system will argue, "Whose value system will be used to decide the worth of a job?"
Patti Pate, an MBA student who saw the film, said, "I agree that there is sex discrimination, but I am not sure if comparable worth is the answer. I would like to see some other way to measure the value of work."
"The money and the worth is a chicken and the egg question." Pinnacle.
The proponents of comparable worth say that a price tag cannot be placed on an item because it is subject to market fluctuations.
Freshmen! Vote October 5th & 6th
David McKinney
President
Ellen Snell
Vice-President
David for the city.
Treasurer Candy Clark Secretary
MASS. STREET DELI
CHI MASSACHUSETTS
Look What's Back!
Second Big Season
for the lite-hearted lunch
The Mini Sandwich
Corned Beef Pastrami Roast Beef
Your choice of Meat and Cheese. Served on French Hard Roll with chips and pickle.
$2.25
Turkey Turkey Pastrami Smoked Ham
Try our special homemade soup
Cup of Soup and Mini Sandwich
$2.75
Bowl of Soup and Crackers
$1.25
Soup served only in season October 1-April 30
Soup of the Day
VOTE for
HOPE Award Semi-Finalists
Timothy Bengtson
Novy Bowman
Charles Chowins
Karlyn Campbell
Allan Cigler
Don Green
Mike Kautsch Louis Michel Frank Pinet Lawrence Sherr Erica Stern
Wed. & Thurs., Oct. 5 & 6 9:30-3:30
Booths located at Wescoe, Student Union Learned, Fraser and Summerfield
You must present your student ID card.
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