first_imgOld Man Winter reminded us this weekend that spring is still a few weeks away. I welcome the return of snow and cold, as it tends to sharpen my anticipation of spring’s arrival. To stay warm and dry on blustery days, it’s important to give some thought to base layer selection. My preference for base layers is merino wool. The great thing about wool, specifically, merino wool, is that it keeps you warm on cold days and cool on warm days. Icebreaker offers a variety of merino wool base layers to keep you comfortable out on the trail.  One of my current favorites is the Oasis V Dusk from the Icebreaker Bodyfit 200 Lightweight line.  This top is in the middle temperature range of the Bodyfit line, making it a perfect choice for cool days.  The Oasis V Dusk top has a flattering stay-put fit and is great paired with a puffy vest for a hike or worn alone as a base layer. Icebreaker has added a cool color transition on this shirt, which gives it a unique and flattering look. It is my go-to layer for cold weather hikes, trail runs or for making turns down the slopes at Beech Mountain. Icebreaker claims that you can wear this top for ten days stink free days before washing, although admittedly I have not put it to the stink test. One thing I do know, is that it will resist odors a lot better than any synthetic competitors. MSRP $89.99To keep toes toasty on cold weather hikes, runs and mountain bike rides, I look to wool as well. Icebreaker Hike Crew socks provide a comfortable fit for winter activities.  The merino wool socks can be worn on all day adventures with no reduction in comfort or warmth. If you think wool is itchy, you have not experienced the soft warmth of merino wool. No itch at all. Best thing about these socks is that they come with a 30 day money back guarantee.  You’ll be convinced after your first hike or run in these socks that they are worth the investment. Icebreaker has the added benefit of providing true sizing in their socks, which come in Small – Large.  This provides for a more accurate and comfortable fit for feet of all sizes. Finally, the Hike Crew socks are thick enough that you will not blow through them in a season or even two. They will come to be your favorite hiking socks for many seasons to come. MSRP $19.99last_img read more

first_imgAdmiral Eduardo Barcellar Leal Ferreira was born on June 2, 1952, in Rio de Janeiro. He is the son of the late Admiral Luiz Leal Ferreira. The new commander of the Navy joined the military in 1971. He graduated as a midshipman from the Naval Academy in 1974. Last Wednesday there was intense activity at the Brazilian Presidential Palace due to the appointment of the country’s new Armed Forces commanders. President Dilma Rousseff and Defense Minister Jaques Wagner met over the course of the day with the current director of the Navy, Admiral Julio Soares de Moura Neto; director of the Army, General Enzo Peri; and director of the Air Force, Major General Juniti Saito, to select the individuals responsible for the public policy and administrative and operational leadership of Brazil’s military. Throughout his career, he served in more than 20 command, advisory, and instructor roles with the FAB. Prior to his appointment as the head of the Air Force, Gen. Rossato served as the head of the Brazilian Aeronautics Command. Nivaldo Luiz Rossato was born on August 26, 1951, in the city of São Gabriel, in Rio Grande do Sul’s southeast. He joined the Brazilian Air Force (FAB) in 1969, and graduated from the Air Force Academy (AFA) in December 1975. He became a general officer in 2003, and was promoted to his current rank on March 31, 2011. Admiral Leal Ferreira Gen. Rossato led the Fighter Pilot Group, accumulating more than 3,500 hours of flight time. In addition, he has completed courses for fighter pilots, squadron leaders, operational troop transport pilots and civil aviation inspectors. Villas Bôas has extensive experience in command and advisory roles. He served with distinction in the Amazon region, where he commanded the 1st Jungle Infantry Battalion in Manaus, and later led the Joint Military Command of the Amazon Region (CMA). Throughout his career, he served in more than 20 command, advisory, and instructor roles with the FAB. Prior to his appointment as the head of the Air Force, Gen. Rossato served as the head of the Brazilian Aeronautics Command. Majesties, Am delighted to join Brazil as corps fellow at the rank of GENERAL B , Please recue me coz am at the verge of death yet i can do a lot though i have reached at the depth of death . Best Regards US GEN John B Gasasira Born on November 7, 1951, in Cruz Alta, in the central region of Rio Grande do Sul, Eduardo Dias Costa Villas Bôas is the son of Antônio Villas Bôas, who also served in the military. He joined the Army Cadet Preparatory School in Campinas (São Paulo) in 1967. Villas Bôas is a swimmer and water polo player who graduated from the Agulhas Negras Military Academy (AMAN) in 1973. Leal Ferreira is an electronics specialist who has performed a range of administrative functions and received various awards over the course of his 40-year career. He served onboard naval vessels for 16 years, spending 1,300 days at sea. He reached the rank of admiral in March 2013. General Rossato By Dialogo January 12, 2015 Leal Ferreira is an electronics specialist who has performed a range of administrative functions and received various awards over the course of his 40-year career. He served onboard naval vessels for 16 years, spending 1,300 days at sea. He reached the rank of admiral in March 2013. Admiral Leal Ferreira Born on November 7, 1951, in Cruz Alta, in the central region of Rio Grande do Sul, Eduardo Dias Costa Villas Bôas is the son of Antônio Villas Bôas, who also served in the military. He joined the Army Cadet Preparatory School in Campinas (São Paulo) in 1967. Villas Bôas is a swimmer and water polo player who graduated from the Agulhas Negras Military Academy (AMAN) in 1973. General Villas Bôas Gen. Rossato led the Fighter Pilot Group, accumulating more than 3,500 hours of flight time. In addition, he has completed courses for fighter pilots, squadron leaders, operational troop transport pilots and civil aviation inspectors. Admiral Eduardo Barcellar Leal Ferreira was born on June 2, 1952, in Rio de Janeiro. He is the son of the late Admiral Luiz Leal Ferreira. The new commander of the Navy joined the military in 1971. He graduated as a midshipman from the Naval Academy in 1974. Villas Bôas was promoted to general in July 2011. In 2014, he assumed leadership of the Army’s Land Operations Command (COTER), and was one of those responsible for security and defense planning during the 2014 FIFA World Cup. Prior to achieving the highest rank in the Navy, Leal Ferreira was in command of the War College, an academic institution operating under the Ministry of Defense. He also served as the commander in chief of the Naval Fleet, director of Ports and Coastal Areas and commander of the 7th Naval District, headquartered in Brasília. General Villas Bôas Prior to achieving the highest rank in the Navy, Leal Ferreira was in command of the War College, an academic institution operating under the Ministry of Defense. He also served as the commander in chief of the Naval Fleet, director of Ports and Coastal Areas and commander of the 7th Naval District, headquartered in Brasília. The swearing in dates of the new military commanders has yet to be determined. Last Wednesday there was intense activity at the Brazilian Presidential Palace due to the appointment of the country’s new Armed Forces commanders. President Dilma Rousseff and Defense Minister Jaques Wagner met over the course of the day with the current director of the Navy, Admiral Julio Soares de Moura Neto; director of the Army, General Enzo Peri; and director of the Air Force, Major General Juniti Saito, to select the individuals responsible for the public policy and administrative and operational leadership of Brazil’s military. The swearing in dates of the new military commanders has yet to be determined. Villas Bôas has extensive experience in command and advisory roles. He served with distinction in the Amazon region, where he commanded the 1st Jungle Infantry Battalion in Manaus, and later led the Joint Military Command of the Amazon Region (CMA). General Rossato Shortly after 8:00 a.m., the Office of the President released an official notice with the names of the new directors of the Armed Forces: Admiral Eduardo Barcellar Leal Ferreira will be the commander of Brazil’s Navy; General Eduardo Dias da Costa Villas Bôas will command the Brazilian Army; and the Brazilian Air Force will be under the command of General Nivaldo Luiz Rossato. Shortly after 8:00 a.m., the Office of the President released an official notice with the names of the new directors of the Armed Forces: Admiral Eduardo Barcellar Leal Ferreira will be the commander of Brazil’s Navy; General Eduardo Dias da Costa Villas Bôas will command the Brazilian Army; and the Brazilian Air Force will be under the command of General Nivaldo Luiz Rossato. Nivaldo Luiz Rossato was born on August 26, 1951, in the city of São Gabriel, in Rio Grande do Sul’s southeast. He joined the Brazilian Air Force (FAB) in 1969, and graduated from the Air Force Academy (AFA) in December 1975. He became a general officer in 2003, and was promoted to his current rank on March 31, 2011. Villas Bôas was promoted to general in July 2011. In 2014, he assumed leadership of the Army’s Land Operations Command (COTER), and was one of those responsible for security and defense planning during the 2014 FIFA World Cup. last_img read more

first_img“High yield’s emergence as a competitor to bank finance as a primary source of capital, the growth of alternative capital providers and new structures for the legacy loan market all contribute to increasing choice for borrowers,” the report said.European leveraged loan allocations reached €116bn in 2014, an increase from around €80bn, and high-yield from from around €83bn to €97bn as US issuance also grew, albeit at a slower pace.The report described recent changes in the European leveraged debt market as a “huge upheaval”, with new legal precedents in covenants and incurrence-based covenants.White & Case said the European market would continue its growth, as 2014’s low-yield environment continued with companies refinancing bonds in call periods at much lower coupons.David Becker, a partner, said: “It is coming of age now as its investor pool has become increasingly sophisticated, providing funding across the loan and bond spectrum.”More M&A activity across the world also helped fuel the leveraged loans market while high-yield issuance in the second quarter of 2014 was 90% higher than a year earlier, with a 116 deals from a year total of 269.In the first half of the year, values and volumes were higher in most Western European countries, the report said, with the UK & Ireland leading high-yield issuance and France leveraged loans.The second quarter was the busiest period in both asset classes as investors clamoured into high-yielding fixed income.However, the retreat of banks, often cited as a growth factor in the markets, also began to cause concern among investors as Q3 began.European pension funds were among those moving into sub-investment grade corporate debt as investment managers became concerned over liquidity in the market and pricing bubbles forming in the first half of the year.At the start of Q3, Mike Karpik, chief executive at State Street Global Advisers, described the high-yield market of showing “pockets of euphoria” with liquidity in the market a major concern.UBS Global Asset Management also began to change the structure of its tacitical asset allocation strategy with liquidity a key concern.These concerns were demonstrated in market volumes with Q2 saw peak issuance for both high-yield and leveraged loans in Europe, a factor not seen in the US, or in previous years within the continent.Issuance fell for the remainder of the year but still supported the record-level market.For more on the high-yield bonds, read IPE’s previous coverage of the market Issuance of high-yield and leveraged loans reached record levels in 2014, backed by change in the way deals are structured for investors.A report, ‘The changing face of international leveraged debt’, by law firm White & Case said these record levels came as market makers experienced strong demand, aided by a convergence in deal structure between the US and Europe.The law firm said European corporates had adopted “US-style” terms, making deals less restrictive and more borrower-friendly.“European corporates and sponsors now have a broader range of financial products available to them than ever before.last_img read more