Reason to consider ETF strategists like Dan Carlson

Brazil to boost financing of shipbuilding fund


* Capital program will not top 2.5 billion reais* Comes as government ups infrastructure spendingAug 29 The Brazilian government said on Wednesday it will use some of its stake in the country's largest lender to bulk up financing of shipbuilding projects at a time when infrastructure investments are taking center stage.

Under terms of an executive decree, the Finance Ministry will be allowed to transfer as much as 2.5 billion reais ($1.22 billion) worth of shares of state-controlled Banco do Brasil to the capital of the so-called Naval Construction Guarantee Fund.

In recent weeks, Petrobras, Brazil's state-controlled oil company, signed contracts with several private sector groups for the construction of nine drilling rigs that will be used to extract oil from deep sea wells off Brazil's coast.

Separately, President Dilma Rousseff announced a $65 billion plan to boost infrastructure investment earlier this month. The plan targets improvements to highways and railroads, with another package involving seaports and airports likely in September.

Making the Most of Your Donations


When you give your money to help make a difference in the world, you want it to have the greatest impact. An immediate way to multiply the power of your donated funds is to give where your funds are matched.

Check if your employer matches funds donated by employees. Several companies do this. Follow their process and you will multiply the influence of your charitable giving right away.

There are also organizations that have partners committed to matching funds received. Two of these organizations are:

  • Giving Globally - Every $100 gift donated to Giving Globally sends over $850 in supplies, services, and healing to people in need around the world. This is due to the commitment of generous partners. You can learn more about the mission of Giving Globally at givingglobally org.
  • Modest Needs - An anonymous donor, throughout 2006, will match your monthly pledge of any size. Your donated funds will be leveraged and help twice as many families! You can discover the influence Modest Needs has had at modestneeds.
  • Consider giving in a way that will multiply your contribution and maximize the impact of your goodwill. It doesn't matter whether you can give large or small amounts. It does matter that you take action and give from your heart.