In closing the conference on Tuesday on the issues of addiction, held at the Economic, Environmental and Social Committee (EESC), the President of the Republic Nicolas Sarkozy refused to rule out the trail funding through private insurance. Believing unreasonable not to consider the role of mutual and insurance companies, in a context of public finance is severely degraded, it was also excluded from tax benefit of the work. Hence his determination not to dismiss the subject for "ideological reasons". The Head of State said the bill on the reform being one of the major projects in 2011, should be ready before summer, for a review by Parliament this autumn.
This position comes in the heart of national debate on dependency, in which Roselyne Bachelot, minister in charge of the case, has conducted a major political party leaders, labor partners and association leaders. If plusieurspistes reflection has been submitted, the minister stated while no model "turnkey" he had not been proposed. However several priorities such as maintaining the principle of free choice between home care and care in an institution, or the unanimous rejection of a privatized system had emerged from discussions. On this point, the head of state also hoped to show reassuring, saying he had "no intention of using the insidious addiction to privatize health insurance."
A report by June
These concerns are shared by the majority of the French.According to the barometer Provident Bank Post Tribune published in Tuesday's newspaper, they always plébiscitent state intervention since the three-quarters of them favored a care dependency through taxes and fees: 83% of respondents seek and development aid. They are very few take steps to finance the venture themselves. Only 18% of those under age 45 say they have purchased a financial product to cover that risk. The creation of a compulsory care insurance is not overwhelmingly rejected. 42% of French say they favor the establishment of such contracts as of 50 years. The more than 65 years are 56% similar to recognize the usefulness of such a measure. According to the barometer, the greater the expectation for "assistance to caregivers," whether an adjustment of working hours or training.28% of French people aged 35 to 75 years were in fact a dependent person in their environment or their home.
The EESC president, Jean-Paul Delevoye was commissioned by the Prime Minister to submit a report on the subject by June. Part of the reform in 2011. The second will probably be introduced in 2012, after the presidential election.
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After three consecutive weeks, the CAC 40, which closed last Friday above the 4000 points (4017.45 points exactly), suffered profit taking on Monday. Halfway through, the index was down 0.34% to 4003.69 points. Investors play the card of caution for several major events.They expect including tomorrow's meeting of the Monetary Policy Committee of the U.S. Federal Reserve (Fed) and the speech of U.S. President Barack Obama on the State of the Union.
Earlier this morning, Asian stock markets have shown tentative and U.S. markets had finished them in a disorganized Friday night.
On Monday, President Nicolas Sarkozy at the Elysee gives the kickoff of a year 2011 marked under the seal of the international retailer, to reporters and foreign ambassadors in Paris (live TV on Facebook and Dailymotion), his goals for the G8 summit in late May at Deauville and the G20 early November in Cannes. The Head of State has sought to draw the conclusion imbalances afflicting the international economic system.In this context, the G20 "shall be effective if it is to remain legitimate."
Markit index up
PMI Flash (Markit) reflects the overall expansion of activity since the French resort activity to 56.9 points, higher for four months. The composite index of purchasing managers (PMI) in the euro area will be known 10 hours and new orders in industry in November 2010 at 11:00, still in the eurozone.
At noon, back in France: the quarterly surveys of conditions in the building trades and real estate development in the first month of the year will be unveiled.
This afternoon, Fevad present stock of French e-commerce in 2010, with opening remarks by Eric Besson, Minister for Industry, Energy and the Digital Economy.
Renault out of the wood
As for values, ArcelorMittal suffered profit taking (-1.10%).Steelmakers produced 1.4 billion tons of steel in 2010 (+15%). Growth welcomed but fears of overcapacity in 2011. Schneider is also subject to profit taking, while Saint Gobain (1.75%) leads the CAC 40 increased by a positive note analysts at UBS.
Renault (-0.91%) had evidence of "multiple" on the case of industrial espionage which are believed to three frames of the group, said Sunday the group's CEO, Carlos Ghosn cash advance to savings account. Earlier in the day, counsel for one of three executives covered by the suspicions had called Renault CEO Carlos Ghosn to provide proof of charges that founded the lawsuit from the manufacturer.
Automotive side, Toyota is the world leader in 2010, despite repeated reminders of vehicles.
Danone was down 0.40%. According to La Tribune, Danone Dumex interested in India, a manufacturer of baby foods.A nugget in its sector: Dumex is number one in China and India.
Also down, Sanofi-Aventis (-0.37%) after the announcement of the extension on Monday its takeover offer for Genzyme, always the same price of 69 dollars per share, or $ 18.5 billion in total until 15 February. "While these discussions have continued and have included sales teams and executives from both Sanofi-Aventis and Genzyme, significant differences remain regarding the CVC (certificate of conditional value) and the potential value of the offer Sanofi-Aventis, and there is no guarantee that parties will reach agreement, however, warns Sanofi.
France Telecom, however, slightly ahead slightly by 0.84%.Orange, a subsidiary de'opérateur negotiated the acquisition of part of investors to share the platform for sharing videos Dailymotion, valued at approximately EUR 150 million.
Sopra earns 2.3% after announcing it relaunched its proposed listing of its subsidiary Axway Software, which will occur in the second quarter. This project was suspended last September 20.
Note also that Nicolas Sarkozy will announce on Tuesday a call for projects on five coastal sites for an investment of 10 billion euros. French and foreign manufacturers are mobilized for this competition.
The helicopter manufacturer Eurocopter, a subsidiary of European aerospace group EADS (+0.49%) expects to deliver fewer planes this year, but its turnover is expected to remain at least stable and orders stagnate, said the Monday its CEO Lutz Bertling. Sodexo holds its general meeting at 16.30.
The benchmark index of the stock market in South Korea, the Kospi 200, wins again at 0.95% 279.24 points on Wednesday at 7 pm. Allowing it to enter its highest level ever in the history of the stock of the country.
Seoul Stock Exchange had already closed the year 2010 before recording a record at the close. The KOSPI surged 21.88% in 2010 to $ 2051 and points, a level not seen since November 2007. Now, the values of South Korean stock market rebounded from ground lost during the crisis, and they even display historic gains, thanks to sustained domestic demand last year, and their results.
Analysts estimate that the KOSPI could rise to 2400 points this year.South Korea enjoys good prospects for growth: as its Central Bank, GDP should grow by 4.5% in 2011.
Tokyo followed the lead of Wall Street
The Tokyo Stock Exchange ended the session on Wednesday edged up 0.36%, investors are showing more optimism about the financial performance of U.S. firms during the presentation. Yesterday, IBM and Apple have unveiled much better results than expected. Thus at the close, the Nikkei 225 index gained 38.12 points to 10,557.10 points. The broader Topix index of his side took 0 payday loans in one hour.57% to 936.87 points.
Note side values, the group of electrical, electronic and computer Japan's Mitsubishi Electric said Wednesday that Japan build a new factory parts for automotive steering, looking to increase its annual production of about 70%.Mitsubishi Electric, which presents itself as a pioneer systems electric power steering, will invest 10 billion yen (90 million euros) for this new factory with an area of 38,000 square meters, which must be put into operation in August 2012.
China U.S.
Chinese President Hu Jintao arrived here Tuesday in the U.S. for a four-day visit, after a year marked by strong tensions between the two powers, with China being the subject of multiple reviews. Hu Jintao heads a country pointed to the issues of human rights and money, impossible to ignore given its economic weight and, increasingly, military and geopolitical. The undervaluation of the Chinese currency will be at the heart of discussions between Barack Obama and Hu Jintao on Wednesday in Washington.Beijing to revalue its currency at its own pace, while dreaming of one yuan as important as the dollar.
Tail Photo Credits: Alexander F. Yuan / AP
He was being investigated after the massive Ponzi scheme mounted by his father, but was never charged. But Mark Madoff, 46, killed himself Saturday in his Manhattan apartment two years to the day after the arrest of his father, he was a close associate. The information was confirmed by his lawyer, who spoke of the "constant pressure, false accusations and insinuations" that he was the victim since the scandal broke.
The body was discovered by the stepfather of Stephanie, the wife of Mark Madoff. On vacation in Florida, it had received a mail from her husband in which he said he loved and that someone would come and take care of their son Nicholas, who remained with him in New York.Mark Madoff hanged himself with a dog leash, while the child slept in the next room.
Very hit by scandal
Relatives said the son of Bernard Madoff lived very poorly growing media coverage he was subject to approach the second anniversary of the arrest of the swindler. "It was increasingly weakened" psychologically, reported the New York Times one of them, on condition of anonymity. Mark Madoff also struggled to find a stable job, "said another person.
The week before the tragedy, Mark Madoff appeared with other leaders and managers of the fund Madoff in a lawsuit brought by the liquidator of the structure, representing victims of the disaster cheapest personal loan rates. It was the second time he was so summoned.The liquidator of the fund, Irving Picard, accused Mark Madoff, who bore some confidence to his father and other family members have benefited from gains from financial manipulations of his father. But a judicial source said it was not intended that Mark or his brother Andrew Madoff be arrested soon.
Two of the swindler son had recognized the authorities have been informed by their father for his actions the day before his arrest December 11, 2008. They have however said they were unaware of his illegal activities before that.
Bernard Madoff, 72, was sentenced in 2009 to 150 years in prison for a scam, estimated at between twenty and more than 65 billion dollars, as one account with or without interest.The ploy was to Madoff promise huge returns that do not generate and use funds for new clients to pay or repay existing customers, collapsed when the financial crisis worsened two years ago. More and more clients sought to recover their funds and the former manager found himself cornered.
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Over the past year, manufacturers of televisions connected threaten to reduce telecom operators to mere suppliers of pipes. SFR reacts with a new service that offers everything connected television promises.
LE FIGARO. – This new box is it a response to the arrival of televisions connected?
Frank Esser. – We do not feel threatened by the manufacturers of televisions connected. These are global giants like Samsung, LG and Philips, they will not develop local services and do not reflect the desires of television. The customers willing to change all their services and their channels when they trade against a Samsung LG TV? No. The telecom operator has its place because it has the connection with customers, but also with the publishers. He is the guarantor of the quality of service because it owns the network and customer service.The telecom operator is the only one able to offer its customers personalized services are transferable on all its screens, smartphones, PCs, televisions and shelves. And the telecom operator is the only one able to offer publishers a chain application space to develop their live channels, catch up, and interactive services for reality TV shows for example. As for AppleTV or Google TV, they offer not only TV, but only delinearised, there are very few live programs. As operator, we have a real playing card.
What are your sales targets?
We strive 500,000 new customers in 2011 to offer our evolution. Or half a million new customers that we intend to win next year. For our offer to 29.90 euros neufbox classic continues for customers who want it.We offer a real range, which is new again. As for current customers who want to migrate, they just call their customer service which will send the new decoder for free access to all new services paydayloan.
Will customers be willing to pay 5 euros more?
Even with 5 euros more we remain very well positioned in the market. For two years, Vodafone is number one conquest of ADSL customers, through its innovation, attractive prices and quality customer service. Not to mention that Internet customers are also customers mobile webphone SFR receive a discount of 15 to 20% on all their boxes and packages of mobile homes.
Only 2.6 million customers are eligible for TV over ADSL.What do you suggest to all the French?
In the days ahead we will sell a range of satellite TV that allows them to access the entire offer triple play telephone, Internet and television. Thus, all the French people can access services neufbox.
What have you more than your competitors?
Beyond a very simple to use, SFR is the only one to offer a synchronization purposes between different screens of the house: TV, PC, webphone, shelves, etc.. You can access all your content on all screens. Specifically, you can control your TV from your iPhone or iPad. Stuck in traffic, you're late to watch your film through the application neufbox SFR (free) you can run from your car, saving your movie by clicking on your iPhone.You are in transport, you can browse the catalog on your iPhone or VOD iPad and select your favorite movies you watch at night. We are the only operator to offer it. The U.S. Verizon announced … for mid-2011!
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Senate Majority adopted Tuesday night against the Government's view, a UMP amendment to the bill funding the Social Security (PLFSS) 2011 device that reduces the charging of top-hat.
The PLFSS provides that the beneficiary of these supplementary pensions for large amounts, allocated to some business leaders, will be subject to pay a further contribution of 14% will be added to payroll taxes and current tax income already paid.
Exemption up to 500 euros
When passing text to the National Assembly, the government has done little income exempt from this contribution. Rents below 300 euros a month there will be unsecured and rents between 300 and 500 euros will be taxed at 7%.The Senate passed an amendment introduced by Catherine Procaccia (UMP) will enhance these thresholds from 300 to 500 euros and 500 euros to 700 euros payday loan lenders.
"We take the minimum age for reference" for this contribution also applies "to the pension house plans created by large companies after the war," argued Philip Dominati (UMP), also signed the amendment.
"The amendment will cost 20 million," regretted the Health Minister Roselyne Bachelot, who unsuccessfully opposed the measure.
The left has found the contribution of top-hat "insufficient" and proposed to increase by the amount of pensions. "We must discourage the outrageous practices that have hit the headlines," said Francis Autain (CRC-GSP, Communists and the Left Party).The discussion of Social Security Financing Bill 2011, which began Monday in the Senate, continues Wednesday afternoon and will last until Sunday.
(With AFP)
After months of tension, is this the end of the vicissitudes of the A400M? The seven client countries and military transport aircraft manufacturer Airbus Military has reached an agreement on the distribution of incremental costs of the program.
"I announce to you a very, very good news: the conclusion of the A400M," said Hervé Morin at Airbus in Toulouse. "The contract is currently being finalized between the seven countries and Airbus Military."
"It remains to initiate the ratification process in the seven countries. This November 5th is a great day for the European defense industry, "he added at the manufacturer's delivery center.
The first aircraft will be delivered to France in 2013 and seven in 2014, said Minister of Defence. In total, the French order is 50 units total $ 8.4 billion.It is "much cheaper than buying off the shelf", that is to say that existing aircraft "can not perform the same missions," said Herve Morin. States will pay 3.5 billion euros (five billion U.S. dollars) more, and EADS has already been provisioned 1.8 billion euros (2.6 billion dollars) in its 2009 accounts.
Nevertheless, a few hours after the formalization of this agreement, London and Berlin, confirmed that they have reduced their orders for the A400M, of respectively 25 to 22, and 60 to 53 aircraft.
Franco-British
The agreement between Airbus Military and the seven client countries (including Germany, France, Spain and Britain) should be signed before the summer. But in the month of August, Germany had threatened to reduce its order from 60 to 50 aircraft. What threatens the economic foundation of the program, according to Airbus.
The agreement signed on Friday came just days after the merger between the British and French armies. The two countries will sign in 2011 a unique program of care and maintenance of their fleet of A400. pilots will be trained together.
While François Fillon spoke of Tuesday, a return to normal by the end of the week, the Prime Minister met on Friday late morning the main actors in the production and distribution of fuel to the point, just before the start of school holidays, acknowledged that the release of the situation take "several more days." And this time it is careful to specify a date Matignon.
At industrial level, it draws the same conclusion. The return to a normal supply of service stations will take "longer" than expected and those on the highways are "priority", said President of the French Union of Petroleum Industries (UFIP), Jean-Louis Schilansky.
Imports and stock mutual
Following the meeting attended, plus the prime minister, Interior Minister Brice Hortefeux and that of Energy, Jean-Louis Borloo, the president of the UFIP dismissed a risk of immediate shortage . "It may take several weeks or months, increasing imports and pooling of reserves, we have before us a great opportunity to take a long period even if the refineries were not to start right away" he said.
"The entire European system that we mobilize to supply the French market," he added, noting that a point had been made with the Prime Minister "on the ports that have been released and that increase the imports "necessary" to supply the French market "no teletrack payday loan.Matignon noted that "significant quantities of fuel" had "been imported to compensate for the shutdown of refineries."
Jean-Louis Schilansky has also called for continuing the release of deposits from refineries, as happened on Friday at dawn Grandpuits, near Paris. "The release of deposits and refineries is critical for the country's supply," he said. All French ports are currently released, with the exception of Le Havre and Marseille, "he said.
Two departments rationed
Interviewed by i-TELE after the meeting, Jean-Louis Borloo said: "There are some departments especially hard hit, and here we were asked to put the package on the Seine-Maritime, Loire-Atlantique and Seine-et-Marne.
"Two of these departments are subject to rationing, he said without giving further details.But he ruled out a general rationing of gasoline. "Right now, frankly, is not expected," he said.
He also gave an update on the current situation of supply stations. "Today there are three out of four that work without any difficulty, or little or no difficulty" and "quarter which are occasionally taken in the day," also said Jean-Louis Borloo.
Earlier in the morning, he had indicated that between "20 and 21%" of 12,300 service stations in France were dry because of the conflict over pensions.
The world's financial leaders are preparing for a crucial passage of arms this weekend in South Korea on the burning issue of exchange rates. At least one month of the G20 summit in Seoul, finance ministers and central bank governors of the twenty largest economies in the world are found in Gyeongju to try to declare a truce in the war raging Exchange since September and threatening the global recovery, according to the World Trade Organization (WTO).
The United States and Europe want to impose on China and emerging countries the principle of a mechanism for regulating the exchange rate."We want countries move towards a single set of standards," warned Timothy Geithner, U.S. Treasury Secretary, before flying to the Land of the Morning Calm-.
Beijing and Seoul in particular are accused of keeping their currencies artificially low to protect their exports, despite the strength of their economies payday loans in one hour. And "today, the competitive devaluation has become a weapon of choice," Justice Joseph Stiglitz, Nobel Prize in economics.
Seoul between two chairs
Smelling the trap, China took the lead last Tuesday, raising for the first time since 2007 interest rates. A decision officially justified by the fight against inflation, but allowing Beijing to deflect criticism that it expects the G20 on 11 November. The South Korean presidency of this summit is not easy.Seoul will play the mediator to ensure the success of "his" summit, while maintaining the lowest its own currency, the won, which threatens the assessment its exports.
Facing Washington and the European Union, Brazil, which was the first country to be alarmed by the "war of currencies" has chosen for its policy of empty chair. His Economy Minister, Guido Mantega and central bank governor, Henrique Meirelles, will remain in Brasilia this weekend for a meeting aimed at containing the outbreak of the real …
This shows the gap between the heavyweights of G20. "An agreement in Gyeongju is unrealistic. There will be frank explanations that will prepare the ground for a compromise between the heads of state in Seoul, predicted Huh Chan-guk, a professor at Chungnam National University.Moreover, a statement urging the G20 to break the cycle of competitive devaluation is already on the table 500 payday loans .
The battle is decisive for Europe, which is affected by the policy of printing money taken by Washington and the downward manipulation of the currencies of emerging countries. The rise of the euro "is an obstacle to our economic recovery," a court counselor Olli Rehn, EU Commissioner for Monetary Affairs. Christine Lagarde, Jean-Claude Trichet and other representatives of the euro area will have to stick together to avoid a "G2" Monetary Beijing-Washington.
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"I am often criticized for being too confident, too optimistic. But I do not know how to do otherwise. Our numbers are good. " Maurice Levy, chief executive of Publicis, is sure: "The advertising market is left." The skipper of the world's third sector proves it with very positive results garnered by his group in the third quarter. Publicis sign indeed organic growth of 9.2% over the period to 1.320 billion euros, against 3.1% in the first quarter and 7.1% in the second. The reported growth jumped it, 26.1%.
The advertising group has been an acceleration of growth in all geographic areas in the third quarter, including the North American market where organic growth was up 12%. Other strong gains accrue to the Asia Pacific and Latin America (+9.8% for both zones).In Europe, sales rose 5%, France alone posting a growth of 12.6%.
For the first nine months, total revenue reached 3.858 billion euros. The strongest organic growth over this period is recorded by Latin America (+10.4%), just ahead of North America (+8.4%)
Always the first nine months of 2010, Publicis announced $ 4.8 billion in "new businesses" (about 3.43 billion euros). Among the new contracts include Gucci, Sony Playstation or Sanofi-Aventis.
Optimistic about the long term
But "the fourth quarter will not be as exceptional as the third," warned Maurice Levy."The basis of comparison is much more demanding and it is a period of uncertainty for advertisers because this is when companies decide, depending on their balance sheet, increase their investment or cutting."
However, in the long term prospects are more radiant. The company expects for 2011 an improvement of the range forecast "above 15%" quick cash. "Europe will get better," Maurice Levy predicted because "there is a gap between what is meant, that cares, and what there is to say an increase of growth, "he adds. As for the U.S. market, the boss of Publicis put on "a consolidation to a level of growth for good advertising."
Building on the Digital China
The future, Publicis sees in digital. These activities accounted for 28.7% of total group revenue for the first nine months of the year against 21.3% in 2009.Publicis, already the world leader in this segment, hopes to make a third of its revenues "quickly". "There is more than a tremor in digital media, including mobiles. Internet is an indispensable communication tool that targets both young and older people, "says Maurice Levy.
Another line of development: emerging countries. The group has already made several acquisitions in these markets with strong growth during the first nine months of the year. Further acquisitions are expected to follow, particularly in China where the group wants to "lead a more aggressive strategy of conquest. We are currently examining the potential targets, "said Maurice Levy, without giving further details.
By 2013, Publicis hopes to generate 60% of its revenues from these two segments."With our excellent level of new business, our leadership in digital and our investment strategy in emerging markets, we believe that for the next three years, we will bring higher growth than the market," says enthusiastic, the patron of the group.
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