Cardoso Wins A Battle. Now The War Begins

At Fernando Henrique Cardoso's campaign headquarters in So Paulo, backers hailed his victory in Brazil's Oct. 3 presidential election. At the So Paulo Federation of Industries, a bastion of business support for Cardoso, Luiz Fernando Furlan, CEO of foods conglomerate Sadia Group, predicted a "nine-month honeymoon" for Cardoso to carry out new economic reforms. And in crowded malls and neighborhood mercadinhos, eager Brazilian shoppers continued to register their confidence in Cardoso's so-far-successful battle against inflation at checkout counters, as they had at the polls.

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