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Caixa Econômica Federal
Caixa Econômica Federal (, ''Federal Savings Bank''), also referred to as Caixa, is a state-owned Brazilian financial services company headquartered in Brasília, Brazil. It is the fourth largest banking institution in Brazil, as well as the fourth largest in Latin America, and the eighty-third largest bank in the world. It is also the largest 100% government-owned financial institution in Latin America. History The bank was founded by Emperor Pedro II on 12 January 1861, as ''Caixa Económica e Monte de Socorro'' in Rio de Janeiro as a financial institution destined to collect national savings, mostly from the poor. Over the years, several similar institutions were created until most of them were merged into present-day Caixa Econômica in 1967. The 1970s were particularly lucrative for the bank, mostly due to its near-monopoly on savings for the poor and lower-middle classes, the management of Brazilian state (federal) lotteries and being the only lawful pawn broker in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brasília
Brasília (; ) is the federal capital of Brazil and seat of government of the Federal District. The city is located at the top of the Brazilian highlands in the country's Central-West region. It was founded by President Juscelino Kubitschek on 21 April 1960, to serve as the new national capital. Brasília is estimated to be Brazil's third-most populous city. Among major Latin American cities, it has the highest GDP per capita. Brasília was a planned city developed by Lúcio Costa, Oscar Niemeyer and Joaquim Cardozo in 1956 in a scheme to move the capital from Rio de Janeiro to a more central location. The landscape architect was Roberto Burle Marx. The city's design divides it into numbered blocks as well as sectors for specified activities, such as the Hotel Sector, the Banking Sector, and the Embassy Sector. Brasília was inscribed as a UNESCO World Heritage Site in 1987 due to its modernist architecture and uniquely artistic urban planning. It was named "City of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Brasília
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Brazil
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotofácil
Lotofácil is a lottery game held in Brazil by the Caixa Econômica Federal (CEF). Its first contest was held on September 29, 2003, after a slow approval process in the National Congress. Shortly after its launch, it became the second lottery to collect the most funds for CEF after Mega-Sena. In this modality, the player must mark between fifteen and twenty numbers on the card, among the 25 available, and wins a cash prize when matching between eleven and fifteen winning numbers. The "zero-ending" contests and the special September contest, known as Lotofácil da Independência, have a prize composed of the accumulation of common drawings. The drawings are held daily, except on Sundays, since August 2020, and are broadcast live. Part of the profit collected is passed on to government social programs. Format Lotofácil is one of the lotteries of the Caixa Econômica Federal (CEF). In this modality, the player must mark between fifteen and twenty numbers on the card, out of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fundo De Garantia Do Tempo De Serviço
Fundo de Garantia do Tempo de Serviço (FGTS) ( en, Length-of-Service Guarantee Fund) is a fund created in order to protect workers in Brazil dismissed without just cause. By opening an account linked to the employment contract, employers deposit in accounts opened at the Caixa Econômica Federal, at the beginning of each month and in the name of the employees, the amount corresponding to 8% of each employee's gross salary. For employment contracts signed under the terms of law 11.180/05 (Apprenticeship Contract), the percentage is reduced to 2%, and finally, in the case of domestic workers, the collection corresponds to 11.2%, being 8% as a monthly deposit and 3.2% as an anticipation of the rescissory collection. It was created during the military dictatorship by a law promulgated on September 13, 1966, by the then President Castelo Branco. At the time, with Octávio Gouveia de Bulhões in the Ministry of Finance and Roberto Campos in charge of Planning, the creation of the FGTS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mega-Sena
The Mega-Sena is the largest lottery in Brazil, organised by the Caixa Econômica Federal bank since March 1996. Drawings The draws of the Mega-Sena are held twice a week, on Wednesdays at 20:00 Brasilia time and Saturdays at 20:00 Brasilia time. The Wednesday draw is televised (with a 25-minute delay) on RedeTV at 20:25 of that day. The drawings consist of picking balls from 2 spinning spherical cages. They are picked in pairs, in order to form a 2 digit decimal number from 01 to 60. The first cage has balls ranging from 0 to 5 for the first digit, and the other one Passos balls ranging from 0 to 9 to be used in the second digit. In the event of the number 00 showing up, it will be replaced by the number 60 for Meu purposes. When 6 unique 2 digit numbers are drawn, the drawing is concluded. Betting Contestants may bet in the range of 6 to 15 numbers, out of 60, and scoring 4, 5 or 6 points will grant prizes. Bet prices escalate depending on how many possible groups of 6 numb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pawn Broker
A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been ''pawned'' to the broker are themselves called ''pledges'' or ''pawns'', or simply the collateral. While many items can be pawned, pawnshops typically accept jewelry, musical instruments, home audio equipment, computers, video game systems, coins, gold, silver, televisions, cameras, power tools, firearms, and other relatively valuable items as collateral. If an item is pawned for a loan (colloquially "hocked" or "popped"), within a certain contractual period of time the pawner may redeem it for the amount of the loan plus some agreed-upon amount for interest. In the United States the amount of time, and rate of interest, is governed by law and by the state commerce department policies. They have the same license as a bank, which is highly regulated. If the loan is not paid (or extended, if applica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senado Federal Do Brasil Fotos Produzidas Pelo Senado (16633140182)
The Senate ( es, Senado) is the upper house of the Cortes Generales, which along with the Congress of Deputies – the lower chamber – comprises the Parliament of the Kingdom of Spain. The Senate meets in the Palace of the Senate in Madrid. The composition of the Senate is established in Part III of the Spanish Constitution. The Senate is composed of senators, each of whom represents a province, an autonomous city or an autonomous community. Each mainland province, regardless of its population size, is equally represented by four senators; in the insular provinces, the big islands are represented by three senators and the minor islands are represented by a single senator. Likewise, the autonomous cities of Ceuta and Melilla elect two senators each. This direct election results in the election of 208 senators by the citizens. In addition, the regional legislatures also designate their own representatives, one senator for each autonomous community and another for every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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