By Dialogo May 15, 2009 RIO DE JANEIRO, May 14, 2009 (AFP) – Press releases have reported that the last Brazilian Field Marshal died Wednesday at the age of 108 in a hospital in Rio de Janeiro due to health complications. Waldemar Levy Cardoso was the last living marshal – the highest Army rank – in the country after the position was abolished in 1967, only to be assigned to generals in case of war, and will be buried with highest military honors after his wake in Palacio de Caxias in Rio. Cardoso, who was admitted to the Central Hospital of the Army, was appointed to office in 1966 and participated in different Brazilian historical events, including the 1930 revolution that led to the presidency of Getulio Vargas, who served two terms (1930-1945 and 1951-1954). During the last military government (1964-1985), Cardoso was President of the National Oil Council, and during seven months of 1969 led the powerful state oil company known as Petrobras.
The manager of a DKK100bn (€13.4bn) holiday pay fund has urged employers to pay into the fund in order to boost its earning power.LD Pensions was given the task in 2017 of managing the new Employees’ Fund for Residual Holiday Funds, running the cash equivalent of an extra 12 months’ worth of holiday entitlements granted to Danish employees as a result of bringing local legislation into line with EU law.LD said its new portfolio could yield 4.5% a year on average if employers opted to pay their liabilities into the fund – a third more than the 3% return the fund would gain otherwise, according to preparatory work carried out by Denmark’s employment ministry.The provider said new fund was expected to have total assets of DKK100bn once it was operational. LD said that the proportion of employers opting to pay into the fund could be of great importance for its investment work. Charlotte Mark, finance director, LDCharlotte Mark, finance director of LD Pensions, said: “It poses challenges for the fund’s strategy – we do not know in advance what the employers will do.”She added: “The employers’ funds provide a safe return, and that is in itself good.“But there must also be room for more risky investments to generate a good return on employees, and that requires some of the funds to be paid by employers before they fall due on the employee’s retirement.”Mark said LD would look at different investment tools outside of its current strategy if only a small proportion of the fund’s assets could be actively managed.“We believe in a good result, even though it turns out that many employers need liquidity,” she said.Employers must report the cash value of holiday entitlements earned by employees in the “transition year” leading up to new holiday pay act coming into force on 1 September 2020.It is then up to the employers whether they want to keep the money in the company until the staff members’ retirement and pay an annual indexation charge, whether they will pay all employees’ earned holiday money to LD, or whether they will choose a combination of these two options.
Related posts:Another huge and open iron mine is carved out of Brazil’s rain forest China throws Brazil multi-billion dollar lifeline for jets, oil DEA agents open Rio de Janeiro office Brazil’s ban on WhatsApp is lifted less than 24 hours after it began RIO DE JANEIRO, Brazil — As if she weren’t already famous enough, the final catwalk show Wednesday at São Paulo Fashion Week by Brazilian “über model” Gisele Bündchen has launched a blitzkrieg of tributes in her home country.At just 34, the supermodel who since 2002 has been rated by Forbes the world’s highest earner is to retire from the catwalk, 20 years after her first show. All week, Brazilians have been remembering one of the country’s biggest success stories.And celebrating Bündchen’s world-beating career provides a welcome lift for a national pride punctured by the national soccer team’s 1-7 semi-final drubbing by Germany in the World Cup Brazil hosted last year. By coincidence, Bündchen’s family is of German descent. She grew up one of five sisters in the small town of Horizontina, in the south of Brazil where most German colonization took place.Brazil needs good news. Right now, Gisele is it. With the possible exception of world surf champion Gabriel Medina, Brazilian sports stars in recent years have been hit and miss. The former standout of the BRICS economies is facing a likely recession. And a humiliating corruption scandal centered on state-controlled oil company Petrobras just keeps getting worse — João Vaccari, treasurer for the ruling Workers’ Party, was arrested earlier Wednesday in connection with “Big Oil,” as it has been dubbed.But Bündchen just keeps winning. Forbes calculated that Gisele, as she is known in her home country, has earned $386 million since 2001 — or $427 million if U.S. inflation is factored in. Last year she was made the face of Chanel No. 5 perfume, replacing Marilyn Monroe, whose image had been used to advertise the brand. Chanel got director Baz Luhrmann to direct a lavish commercial to celebrate.And she is married to American football star Tom Brady — of recent Costa Rica waterfall-jumping fame — with whom she has two children. The New England Patriots quarterback was pivotal in this year’s Super Bowl victory, and his wife and children were in the stadium to celebrate.Even better, Gisele was the bigger earner, according to Forbes, earning $47 million last year compared to Brady’s $33.1 million. She may have dated Leonardo DiCaprio, but this Brazilian beauty is nobody’s trophy blonde.“It is a privilege to be doing my last fashion show by choice and yet still be working in other facets of the business,” Bündchen wrote on Facebook Wednesday.São Paulo photographer Luciana Faria, 27, shared an interview with Gisele, illustrated with a photo of the model and her distinctive cheekbones at just 15 years of age, shot outside São Paulo’s municipal market. In a caption, she summed up the feelings of many in two words: “Queen G!”—Phillips is The Washington Post’s correspondent in Rio de Janeiro. He has previously written for The Times, Guardian and Sunday Times.© 2015, The Washington Post Facebook Comments