BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA FORMALLY DECLARED ON SATURDAY THAT HE WILL SEEK A SECOND TERM IN OCTOBER, PROMISING TO INTENSIFY HIS FIGHT AGAINST POVERTY AND STEER THE ECONOMY THROUGH AN UNPRECEDENTED PERIOD OF STABILITY AND GROWTH, REUTERS REPORTED. LULA ANNOUNCED HIS CANDIDACY TO THUNDERING APPLAUSE AT A CONVENTION OF THE WORKERS' PARTY, WHICH HE HELPED FOUND 25 YEARS AGO. "I AM AGAIN A CANDIDATE TO BUILD ON WHAT IS GOING RIGHT, CORRECT WHAT WENT WRONG AND DO LOTS OF THINGS I DIDN'T HAVE TIME TO DO," LULA SAID IN FRONT OF HUNDREDS OF CHANTING DELEGATES WAVING FLAGS EMBLAZONED WITH THE PARTY'S RED STAR. POLLS SHOW LULA LIKELY WILL DEFEAT GERALDO ALCKMIN, THE FORMER GOVERNOR OF SAO PAULO STATE, BY A WIDE MARGIN IN THE OCTOBER ELECTION. ALCKMIN IS CAMPAIGNING AS A CAPABLE ADMINISTRATOR AND ENJOYS THE SUPPORT OF MANY BUSINESS LEADERS.
