Archive for the 'money' Category
Patrick Devedjian is satisfied. The Minister responsible for the Renewal announced Tuesday in a statement that the device scrapping bonus launched by the government in a period of turbulence in the automotive sector, has affected 600,000 new vehicles purchased in 2009, one quarter of 2.268 million cars sold in the year. In November last year already, Patrick Devedjian had advanced this figure, convinced that 220,000 premium originally budgeted by the government would be largely exceeded.
The minister welcomed a device that he says has helped make 2009 the best year since 1990 "in terms of number of new registrations, the latter have actually jumped from 10.7% a year.To the Minister of Recovery, that premium has to save between 24,000 and 33,000 jobs in the automotive industry.
The French builders big winners
The scrapping bonus has mainly benefited the smaller vehicles that consume less fuel than the others. What are the French manufacturers, entrenched in this segment are the big winners of the device. They account for nearly 60% of premiums distributed.
Citroën and 122,618 vehicles passed through the scrap bonus, closely followed by Renault (115 business card .311) And Peugeot (101,516). Dacia Group Renault (32,344) and Ford (30,908) lagged far behind, according to figures provided by the department.
Manage post premium
"The scrapping bonus has achieved all its objectives in 2009, welcomed the minister. But it said that the hardest part is yet to come.He will now have to "deal effectively" lower the amount of the premium, which began in 2010. Since 1 January, the premium case is indeed back 1,000 euros to 700 euros. It should gradually decline in the rest of the year to 500 euros on 1 July.
But manufacturers are not yet ready to release the magnet to customers. To mitigate the cuts, nearly all manufacturers provided discounts. Renault has announced it will add 300 euros compensation until the end of February. Citroën offers 700 euro for cars over 10 years and 1,500 euros for those aged 8 to 10 years.Peugeot offers even in the context of his "very, very nice business, doubling the amount of the premium for the current increase to 1,400 euros.
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The case of the possible relocation of the future of Renault Clio in Turkey is still rising a notch. Nicolas Sarkozy has expressed Wednesday his irritation with his vows to parliamentarians at the Elysee, "We do not put so much money to support our manufacturers to ensure that all plants go outside." And this message the head of state has to pass directly to Carlos Ghosn, CEO of Renault, he will receive Saturday at the Elysee.
Wednesday Christian Estrosi, Minister of Industry, has shown the same firmness after a meeting with Patrick Pelata Bercy, the CEO of Renault. The Minister has shelled the long list of grants awarded since the beginning of 2009. Three billion loan was granted to Renault (all PSA).Flins received aid from 100 million euros for the production of Zoe, electric cars Renault (launch scheduled in 2012) and 150 million euros from the ISP for its project to produce batteries. In addition, there are 600 million euros bonus for breaking, which allowed the sale of 600 000 additional cars and the abolition of the tax.
"The government has enough evidence to say an industrial strategy," says the minister said that the state holds a 15% shareholding in Renault and two posts. It is also possible that the state seeks more seats on the board.But the number of directors is proportional to the percentage of equity held by an Act of October 30, 1935.
Wednesday, Patrick Pelata played the card of appeasement, saying that "no decision has yet been taken regarding the future production of Clio in 2013. Several scenarios are possible. The production will be maintained at Clio Flins, "as Zoe does not saturate the capacity of the site, which would be a fantastic scenario," said the skipper of the brand. However he also said that "production in France is good for vehicles with high added value. It is difficult in the low range. A shade as the government seems unwilling to consider.
A Clio for France
He asked three requirements to Renault, which has only a few days to find answers.Firstly, the group must incorporate as possible suppliers and subcontractors French to its industrial. More components must be manufactured in France.
Then, Christian Estrosi does not decrease production or declining enrollment in Flins, which currently produces 150 000 Clio. Finally, the Government intends to maintain the territory the production of Clio, regardless of the success of Zoe. Renault will have to determine what other sites the French Clio IV could be fabricated. No way to transfer the production in Bursa in Turkey, which are currently produced 180 000 Clio.Christian Estrosi does not want the share Flins parte in Bursa, but remains in France.
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Five-star hotels in France? Yes, it is possible since the introduction in June by the government, a new classification. The list already has sixty places, especially in Paris, Courchevel and the Cote d'Azur. For hotels, a small revolution is underway. Their institutions were previously rated by criteria that had not changed since 1986 and they did not understand that the fifth star has long existed abroad. The world record is held even by a hotel worthy of megalomania, the Atlantis Palm in Dubai, which displays seven stars!
"In Portugal, there are 6 star hotels which are no better than our 4-star, said Georges Panayotis, founder of research firm and consultancy MKG.And even for congresses, the French destinations were penalized with no five-star hotels for VIPs. "
According to Hervé Novelli, Secretary of State for Tourism, some 200 hotels could eventually claim win five stars, including 30 to 40 with an additional distinction reserved for best of the best, the "palaces".
But the goal that the government had set, finished 2009 with a hundred five-star hotels will be missed. "The application process was somewhat longer than expected. But the candidates are there, "he defends one in the entourage of the Minister where there promised that the establishment of a new procedure will go faster next year.
"It's not very complicated to have the fifth star, half of the 750 four-star hotels can claim without doing much work, yet adds Georges Panayotis.But with the crisis, many are reluctant to ask. Applicants were fewer than expected. Be a candidate takes time and money. Vis-à-vis a business clientele, this is not the time to raise prices and display an image of luxury. Some employees have instructions from their companies do not reside in five star hotels. "
Then there are the unsuccessful applicants. Reportedly, about 15% of cases were retoques.Among the mandatory criteria, which require the most hoteliers questioned: the size of rooms, room service 24 hours on 24 or even the use of two languages by staff, including English.
A bid of 70 000 €
In the district of Saint-Germain-des-Pres in Paris, the Hotel Bel Ami (four stars) was in the starting blocks in the month of June to submit an application. He has still not done, but considering the first quarter of 2010. "Other priorities have taken over as the work of redecorating in a few rooms," says Vincent Tissier, Director General. But we remain candidates, while some of our competitors are reluctant because of the economy. "To comply with the new schedule, he has already made investments. He equipped the rooms with a service and an extra chair.It also increased the number of electrical outlets, bought lamps and roof rack. "For us it is an application to € 70 000," says Vincent Tissier.
The hotel part with a disability are 15 rooms for less than 24 square meters, the minimum area required. "We do not fulfill all mandatory criteria, but we have our chances because we can compensate this problem by gaining points optional," says its director. In Bel Ami, there is indeed "a spa, meeting rooms, a hall larger than the minimum required, a team of janitors, many more points for the fifth star. Whatever happens, Vincent Tissier is serene: "For teams, it would be a satisfaction. The U.S. travel agencies are also susceptible.But the provision of Bel Ami and its price will not change. "
Avenue des Champs-Elysees in Paris, the Fouquet's Barrière was among the first to win his fifth star in June For this, he installed air conditioning and WiFi in the restaurant Fouquet's classified and bought 27 blankets. The hotel was rated four-star luxury since its opening in October 2006. "As we were the last to arrive on the market, we wanted to be the first to have five-star hotel with a very good note," said Eric Boonstoppel, general manager of the Hotel Fouquet's Barrière. We have lost a few points marginalized because, for example, the telephone line is directly in the room on request. Vis-à-vis our international customers, visibility and legibility are important. But we do not mean increased prices.If the government wants to create a category "Premium" We are ready! "
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The consumption of manufactured goods rose more households in November. After an increase of 2.3% in September and 1% in October, the index has shown quasi-stable -0, 1%, according to figures from INSEE.
Despite this slowdown, "the last quarter will be exceptional," states Dominique Barbet, economist at BNP Paribas. "Already, we can build on 2.3% growth in consumption from October to December, the biggest increase in ten years."
The November figure was supported by strong buying automobiles rose 4.2%. "The household benefit last months of premium breaks down before his scheduled first next January, said Insee.
"Contrary to what one might fear, the car sales have not cannibalized other items of household expenditure," says economist of BNP Paribas.Other sectors, they fell for some, have not fallen sharply.
Spending on equipment housing is growing even if they slow down to 0.2%, against 2.1% in October. "If they keep their spending in electrical and electronic, are households have reduced their spending on furniture," said INSEE.
However, the week of floating balances authorized in November did not save the textiles and leather. Purchases fell 1.8% in November, two months after dynamic (+2.4% in October and 3% in September). Probably because of mild weather that has not prompted the French to equip themselves for the winter.
Limited impact of unemployment
In 2009, INSEE expects a limited increase in consumption of 0.7%, after 0.9% in 2008."Unemployment has not been in France very negative impact on consumption, unlike what happened in other European countries, thanks to measures directed at low income," notes Dominique Barbet.
Consumption is the traditional engine of French growth and growing at a rate of 2 to 2.5% until 2007.
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Gold, placing anti-crisis par excellence, in senators' crosshairs. Tenants of the Palais du Luxembourg in fact want to submit the sales of precious metals – gold, but silver jewelry and works of art to the general social contribution (CSG), revealed Thursday "Le Parisien". Supported by the Social Affairs Committee, but considered "difficult to implement technically" by the government, this new tax, which should be passed in the day aims to bridge the deficit in Social Security. In detail, if the measure is adopted as from 1 January next year, each transaction will be taxed to the tune of 8.2%. For example, the sale of a jewel worth 200 euros, Social Security will receive 16 euros CSG. With this new tax, the senators hope to get a "few million" each year.
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Nicole who? Nicole Notat. The former boss of the CFDT has perhaps gone the media landscape, it nevertheless remains active. She who was the first woman to lead a trade union confederation in France is now CEO of Vigeo, a rating agency social enterprises. She oversees a team to issue ratings of companies based on criteria that are not only financial but also social (wage policy, governance, …) or on sustainable development. Member of the High Authority against Discrimination and for Equality (Halde) – three half-days per month we entrust Does she paid 100 euros each to examine possible cases of discrimination, it is also Member of the Century, a renowned think tank.
Invited Talk Friday on France Info Net (in partnership with lefigaro.fr with lexpress.fr this week), she initially welcomed the decision "wise and good" Jean Sarkozy not to run for the presidency of the Institution public management of Defense (EPAD). "He did not measure what it meant to be called Sarkozy" Justice does, arguing that the case was "ill-fitted" but that its outcome could ultimately serve the individual. In contrast, it rose against the argument of youth and inexperience of the son of the Head of State that would preclude taking the head of the EPAD.
On another topic, suicide France Telecom, Nicole Notat said it was "shocked at the debate on the statistical approach", triggered this week by a statistician INSEE Cross.Asked about the citizen voting held recently on the future of La Poste, she said: "I would not have voted in the sense of loss'. To recall, almost all of the voters said no to the question "The government wants to change the status of La Poste to privatize, do you agree with this project?" A formulation challenged by the right.
Member of the commission that reflects the future large loan, Nicole Notat said, personally – but said this should be the amount suggested by the committee that it should be between 30 and 50 billion euros . A committee should also recommend to borrow at lower cost, ie banks rather than at French.Direction as already outlined by Alain Juppé as Michel Rocard, who headed the commission.
Watch this first sequence devoted to the news of the week:
In the second part of the show, Nicole Notat deplored the continuation of overseas banking practices on the bonus. "Distressing and disturbing," she said while welcoming the steps in the right direction made during the last G20. The President of Vigeo also substantially clarified the mission of his company, his metodes work. A relatively new, little known to the French, who suffered from the financial crisis. "If only we had already criticized," she implored on the tone of the joke, measuring the long road to go to educate the French investissemnt socially repsonse (SRI).Asked about the social ratings of France Telecom, hit by a wave of suicides, in terms of criteria Vigeo, she conceded that it should find it deteriorated.The report on the public company is "being finalized".
The second part of the show:
During the latter part of the show, Nicole Notat responded to questions from users: use of older (she presented a report to Laurent Wauquiez and believes that companies will be behind the goals set by the government), evolution CFDT, role of media work Halde, etc..
The end of the show:
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Another bad sign for the government of Gordon Brown at the approach of elections in which his party, the Labor is the underdog. The UK economy has remained stuck in recession in the third quarter, and has even suffered its longest period of decline for more than half a century.
While economists hoped that the UK went into recession in the second quarter of 2008 would have returned a meager growth (which they saw to 0.2% on average) between July and September, the first estimate of the NSO The British equivalent of INSEE, showed the contrary, a fall in gross domestic product (GDP) of 0.4% over the previous quarter and by 5.2% over one year.It is hardly better than the second quarter, where GDP had declined by 0.6%, and while the UK economy fell by 5.9% since its entry into recession.
Finally, to cap it all, the ONS said he never registered period of contraction in economic activity so long since 1955. The United Kingdom could be in fact the only major economy to have contracted in the third quarter. Several other countries including France, Germany and Japan have instead returned to growth in the second quarter of this year.
The London Stock Exchange has not suffered from these ads. In contrast, the pound sterling has accused the shock, falling around 1.09 euro while hovering around 1.11 before.According to economists, the slump of the pound reflects the fact that the Bank of England may be forced to continue its program of buying assets with banks (or "quantitative easing"), in which it has already sunk more than 170 billion pounds (about 185 billion euros), which is scheduled for completion in November.
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