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As announced last week by Marc-Philippe Daubresse, Minister of Youth and active solidarity, the Solidarity labor income (RSA) is now extended to young workers under 25 years. "This means concretely that the first beneficiaries will receive their allocations on October 5," said Minister of Youth and active solidarity. This provision of the plan "Action for Youth was announced September 29, 2009 by Nicolas Sarkozy during a visit to Avignon and is intended" to accelerate the return to employment for young workers. " It is aimed at young people aged 18-25 who worked at least 3,214 hours over three years. Either two years full time in the last three preceding the application.

"All periods of employment or self-employed are taken into account," said Marc-Philippe Daubresse.Namely contracts alternately, learning, CDD, CDI, or temporary assignments. The periods internships, volunteering, civil service, however, are not integrated. As for periods of unemployment compensation, but also redeployment agreement under Custom (PRC) and contract of employment transition (CTP), they are neutralized to a maximum of six months, increasing the period of 3.5 years, at most.

460 euros per month

The amount of "RSA young" is established on the same basis as the RSA and therefore calculated based on income and family status. Specifically, a person younger than 25 years without work and without any resource having worked for two years and exhausted entitlement to unemployment benefits will receive an allowance of 460 euros per month.As a young active with two years experience and who receives income of 500 euros per month with no other resource, he will receive a check from the state of 215 euros per month.

A communication campaign (posters, radio spots, web banners, flyers …) – with, as its slogan, "the RSA today is to young" – will be launched in early September to reach the target. However, considerable uncertainty remains about the number of beneficiaries and the overall cost of the device. The Elysee was banking on 160,000 eligible youth and a cost of 250 million full year.But the minister refused to confirm those figures.

"I reject the goals that we can not reach because I am a scientist," he said, calling the figure of 160,000, publicly reaffirmed on Feb. 24 by François Fillon, the "wet finger in the forecast." His services admit, however, that RSA is expected to cost 80 million young full year and thus ultimately benefit at much less than 100 000 young people.

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Low cost car insurance is not only smart, it is a great money saving tool that every person needs to know how to find it and apply it to their daily lives.

All hands to fight on the front of internet tablets. The Apple iPad, with more than 3 million copies sold in three months, is envious. For telecom groups, the return is that the cons-attack. And Orange is already in line. According to Les Echos, the telecoms operator feeds a very ambitious project at the beginning of school year: to "democratize" the market shelves.

How? With the launch by the end of the year signed a tablet Orange, whose price should be less exposed to 250 euros. This tablet 3G, equipped with the Android operating system from Google, would be manufactured by a "large Asian manufacturer," according to Les Echos.

The newspaper said that the tablet packages are bound to always study, but they would probably be closer to those keys that the 3G model chosen for the iPad.That is to say in the form of subscriptions with over-flow, rather than charging by the day, the volume of data. With a subscription package, the price of the tablet and Orange could fall under 100 euros, according to Les Echos. In comparison, the 3G model iPad the cheapest sells 599 euros.

"Several projects under consideration"

Reacting to this information, Orange said that "on the shelves, several projects are under consideration, particularly in France." The group also recalled that Stéphane Richard, its chief executive, had already said that Orange "would develop in the tablets by commercializing iPad". He had met the boss of Apple, Steve Jobs, last May.

For Orange, "sign is a way to regain control against the manufacturers," says the business daily. Because the foolishness of the shelf is only beginning.

Harvest new tablets

Even before the launch of the iPad last April, some blue chips have already announced their intention of cutting cruppers to Apple, including HP, Sony or Asus. By Christmas, a new crop of magic slates is expected. After HTC, Samsung, Motorola and Sony Ericsson, LG and Toshiba will launch their own shelves, also equipped with the system Android. Other players will join the fray in 2011, as Acer.

To win in this new balance of power, Orange must do better than the first time. Indeed, the operator has already attempted a breakthrough on the market shelves, there are more than a year, by launching a small portable screen and multifunction: the Tabbee. A product that has not really taken off.

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Societe Generale on Wednesday posted a net profit by 3.5 Muliple the second quarter of 2010, above expectations, with a decline in its stores and a smaller than expected loss in its toxic assets. The bank led by Frederic Oudea confirms its objectives. SocGen, which has set a target of an annual profit of 3 billion euros, has already earned a net profit of 2.1 billion in the first half alone.

The second quarter was particularly strong for the second French bank by market value after BNP Paribas. It has indeed achieved a net profit of 1.084 billion euros for the second quarter ended in June, where the consensus reached by Reuters expected a general result to 732 million. The jump of the result depends primarily on a favorable base effect.In the second quarter of 2009, the bank had indeed been beset by such elements exceptionnels.Le group had had to reassess the value of its debt, due to improved market conditions, which had cost $ 1.3 billion over the period. This time, Societe Generale has received the opposite effect, to the tune of 254 million euros.

The cost of risk declines more slowly than in BNP and HSBC

Like BNP Paribas, which has published its accounts on Monday, its provision for potential loss on the credit over the period fell 6%. However the pace of decline in the cost of risk is much slower than some of its rivals, reflecting a more cautious speech of SocGen on strength of economic recovery.

BNP Paribas and British bank HSBC, for example reported Monday in stores near their level before the crisis."The economic recovery that began in late 2009 confirmed, but it remains fragile," said Frederic Oudéa, CEO of Societe Generale, said in the statement. "Especially in Europe, growth prospects remain subdued," he adds.

Penalized by the toxic assets, and author of "profit warnings" on their accounts of 2009, SocGen tries since the beginning of year to convince the market of its ability to turn the page of the financial and economic crisis and the of the Kerviel affair. The new management team led by Frederick since May 2009 Oudéa promised mid-June to double the profits of Societe Generale in two years and is targeting a net profit of six billion euros in 2012.

Proposed acquisitions

The bank is also considering acquisitions but said it does not fund them through capital increases.Besides the new strategic plan, the results of resistance tests conducted on 91 European banks and the announcement by the Basel Committee's flexibility to draft new banking regulator has made a boufée oxygen action SocGen, long shunned by investors.

In the past four weeks, the title, boosted by good news on the European banking sector jumped 40%. Since the beginning of the year, however, still leaves nearly 8% and continues to underperform its benchmark Stoxx 600 European banks.

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This is the number one concern of manufacturers in China: keeping the fast pace of market? Volkswagen, which wants to double its production capacity by 2013-2014, to 3 million vehicles, will build two new sites, bringing the total to eleven. Rival Nissan will expand its industrial base by 70% by 2012, to 900,000 cars. This level may nevertheless be insufficient, hence the interest group for the Korean Ssangyong sites in the land of Morning Calm, which would allow it to export to China.

After jumping 45% in 2009, thanks to state aid, sales on the world's largest market could grow 20% this year (they were up to fourth in six months). For the next five years, analysts at Nomura anticipate an annual increase of 10%.The market would then exceed – all vehicles – 25 million cars in 2015, against 13.6 million last year. "I expect a long period of growth in China. There is no reason why the rate of motor equipment does not reach that of France, "said Carlos Ghosn, CEO of Renault and Nissan. China had 34 cars per 1000 inhabitants in 2008, against 600 for 1000 in France. Proof of the youth of this market: 60% of new car purchases are the first acquisitions made by elderly drivers average 35 years against 50 years in Europe.

With growth in volumes, manufacturers have emerged in 2009 on the market an operating margin of between 6 and 8%, according to the firm Alix Partners.They benefit from economies of scale related to the full factory utilization, and managed to impose price calculated to generate good margins. The German specialists of high quality rub their hands as their cars more luxurious than elsewhere, are selling much more expensive than in Europe.

Increased competition marks

The most successful brands have managed to adapt their cars to local tastes. This is what the French PSA Peugeot Citroen with its new Peugeot 408 and its future 508. Still small, French wants to increase its market share in China from 3.3% to 5% in 2015. All very ambitious, the conquerors of China, however, will face increased competition from local brands, specialized for the moment in small cars at low cost.Their market share could reach 37% in 2015, against 32% in 2009, according to Alix Partners.

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As in Asia this morning, the CAC 40 has taken great colors on Tuesday. The benchmark index of the Paris closed up 2.73% and finished well beyond 3400 points, 3423 points exactly. Investors changed course in Paris while on Monday, the ACC has approached its lowest level this year at 3332 points (-0.48%).

Elsewhere in Europe, the same trend: the Ibex-35 index of the Madrid Stock Exchange Tuesday ended up 3.59% at 9615 points, strongly supported by banking stocks and the FTSE in London gained 2.93% to 4965 points while in Frankfurt the Dax was 2.15% awarded to 5940 points.

The euro also continues to rise, which was accentuated in session after the publication of an ISM service activities in the United States still above 50. Around 18 heurse, EUO rises from 0.84% to 1.2649 dollar.

Despite this rebound, volatility remains very strong markets.These days, investors were not reassured by the mixed indicators published last week, the United States as in the euro area. The doubts about the speed of global economic recovery weighed increasingly on morale.

On Tuesday afternoon, the markets await the opening of Wall Street may choose to pursue. U.S. markets open again after an extended weekend related to the national holiday. The meeting will begin with the analysis of the PMI services which will be published shortly after the opening. Apart from this indicator, no other major news is expected.

Alstom to

Alstom was up 4.46% to 38.4 euros. The Saudi-French consortium, joining Alstom and SNCF, has in fact likely to report a TGV project in Saudi Arabia.Contract Amount: at least 10 billion dollars according to Philippe Mellier, President and CEO of Alstom.

The rating is also taken up by the rebound in bank Credit Agricole (5.43%), Societe Generale (6.27%) and BNP Paribas (4.23%) are among the highest increases.

Air France (Air France-KLM), which posted a record loss last year, plans to cut 4109 jobs over the period 2010-2012 to meet the air transport crisis. The stock gained 3% to 9.81 euros.

Areva (0.81% to 328.65 euros) should always be led by Anne Lauvergeon. According to sources close to the matter quoted by Agence France Presse, Nicolas Sarkozy has decided to maintain the group's boss at his post until the end of his mandate.Rumors had often reported the contrary.

Also in the nuclear site EPR Flamanville, led by EDF (+1.3% at 30.67 euros) also suffer delays. An audit suggests a period of 24 months. EDF expected to make the announcement soon.

Finally, investors should still respond to the publication by Stephane Richard's strategic plan of France Telecom (2.68% to 14.75 euros) for 5 years. The operator also wishes to reach 300 million customers around the world to this date and hire 10,000 people by 2012.

Please note that Club Med has increased by almost 15% Tuesday.

Monday, Le Monde has turned a page of his story in a calm atmosphere. Once is not custom. Upon completion of the supervisory boards of the World, offers the trio Pierre Berge, Xavier Niel and Matthew Pigasse ("BNP") received 11 votes. The other nine votes abstained. Employee representatives had 9 votes, and Louis Schweitzer, Chairman of the Supervisory Board, which made the difference in making its voice and that entrusted to him by Claude Perdriel, boss Le Nouvel Observateur and unsuccessful candidate for the resumption of the World. Louis Schweitzer has done everything to ensure that The World is lost in a new crisis between the employees and field representatives (Lagardère and Prisa, La Stampa, Pierre Lescure, Jean-Louis Beffa …).

Over the weekend, in the daily columns, he emphasized the seriousness of the financial situation and warned: "I hope there will be convergence." At the end of the supervisory board, Gilles Van Kote The president of the Society of Editors (RS) welcomed "the gesture of a great lord of Claude Perdriel, which withdrew its offer and voted for its competitors. On Monday morning, Claude Perdriel and Orange announced they were withdrawing their offer, drawing the lesson of the plebiscite of employees of the World for the trio "BNP". Indeed, on Friday, the different societies of staff (Le Monde, Le Monde Interactif, Telerama, International Mail, employees, managers …) have made an overwhelming majority (between 80% and 91% for the Society of Editors World) for the trio Pierre Berge, Xavier Niel and Matthew Pigasse. After the vote, will open exclusive talks with the trio BNP.Beforehand, prospective buyers are, as they had committed 10 million euro move before July 5 to cross to Le Monde's financial deadlines July 10 and have enough money to take all summer . "Then, in late July or early September a new supervisory board will endorse the negotiations and the deal should be finalized in late September or early October," said Gilles Van Kote.

Negotiations with Lagardère and Prisa

In total, Pierre Berge, Xavier Niel and Matthew Pigasse provide 110 million euros. Therefore, they will control 64.65% of capital. For the first time in the history of the world, workers will abandon the majority stake and control group. The trio "BNP" had taken the measure of the importance of this decision. That is why he insisted on preserving the editorial independence of publications group.Better, it should make a gesture in their favor. Pierre Berge has promised to create a foundation with 10 million euros destined to gradually increase the share of employees to 33%.

With other shareholders, Lagardère and Prisa, also diluted, dialogue should engage. Following the recapitalization, Lagardere will have only 5.86% of capital, and Prisa 5.1%. Lagardère cons grin and heart. In the vote, he refrained. "This is a position consistent with what we've always said. We did not oppose the rescue of the World while taking care to preserve our interests, "responded Khiroun Ramzy, the spokesman of the group. However, Lagardere clearly leaning in favor of the trio Perdriel, Prisa, Orange, with whom he had begun negotiations for the acquisition of its stake in the holding company and Le Monde Interactif. In total, he was to receive nearly 40 million euros.The trio "BNP", everything remains to be done. "The investors must now specify their intentions. Everything depends on the proposals they will make us, "adds the group. However, the trio "BNP" remained unclear. If he says he must "return to the activity in the digital world", it does not specify the amount he is prepared to pay to redeem the 34% of Lagardère in Le Monde Interactif.

The other loser is the media giant Prisa Spanish. The group led by Juan Luis Cebrian came late in the battle alongside Claude Perdriel and Orange. He has to defend its interests in the holding head. But his stance in favor of an issue of the daily morning have undermined his bid.

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At the 57th International Advertising Festival in Cannes, the technology giants like Microsoft, Yahoo and other Facebook invaded not only the Palais des Festivals, but also the Croisette. Advertisers would they more "masters of the world" of communication? "We have never been masters of communication," says David Jones, CEO of Worldwide and Havas chairman of Euro RSCG network in the world. "The most important actors in the communication, it is consumers. It is true that today we live in a digital revolution. Consumers never change and as new opportunities are created with social networks, mobile platforms … The presence of Microsoft or Yahoo! Reflects this revolution. But consumers are more important than software, technology or communication agencies.

Defending an agency model "integrated" by placing the "digital" in the heart of its agencies, Havas Group is concentrating its investments in digital broadcasting and production, particularly through the newly-Productions Havas. "These investments are essential. We're not a film industry of 30 seconds, we are now an industry of content. If we are sufficiently intelligent content, the audience will interact with the brand and, with a depth that we could not hope, fifteen years ago. Content is our future, "says David Jones emphasizes the trade is already a source of income for Havas and its subsidiary Euro RSCG. For nearly two years, the group has also put one foot in music with the creation of label The Hours."These are new business models and exciting content, we also operate with BETC Music," he says.

The test of 2nd quarter

"The winning of the budget digital IBM, being now the digital agency of Unilever in the world and with the Heineken and EDF contracts, we will exceed 20% of revenue from digital Havas Worldwide from this years, says its CEO. Here we record the strongest growth.

Despite a slight recovery in the advertising market in the first quarter, the boss of Havas Worldwide undertakes no obligation on optimistic forecasts for the rest of the year. "It's like asking me if England will win the World Cup! For now, we qualified and is progressing well … It's about the same thing with the economy and major advertisers.The real test is the 2nd quarter, "says the ad originally, in February, the Young One World, the first" Davos of youth. " After London, next event be held in Zurich until September 2011.

In Asia, stock exchanges like the message of the Central Bank of China, who said she was "determined to continue the reform of the mechanism of the exchange rate of the renminbi (yuan's other name) to enhance flexibility . An advertisement for a symbolic opening week of the G20 summit in Toronto, so that international pressure was becoming increasingly urgent.Now, the road to separation of the link between the Chinese currency and the dollar began.

The People's Bank of China warned however that the adjustments would not do at once.

According to Wang Tao, an economist at UBS, "it is possible to arrive quickly enough to an appreciation (the yuan) 3 or 4% in the coming weeks." Mark Williams of Capital Economics expects more modest gains: of about 2% vis-à-vis the dollar by the end of the year.

A rising yuan would also give China greater purchasing power, which would be positive for world trade and especially for commodity exporters such as Australia, Brazil, Canada and New Zealand. China is the second largest oil consumer behind the United States.The country is also the largest consumer of iron ore, copper and aluminum.

The currency movement

By Monday morning, the Australian dollar has gained one cent to $ 0.88. He then returned to 0.8765 dollar when China has set its reference rate for the yuan.

The three-month copper on the London Metal Exchange gained 2.33% to 6,585 dollars per tonne.

A barrel of oil gained 1.35% to 78.22 dollars per barrel of light crude Texan.

Green Scholarships

In trading, the index rose on average by 3%, according to the S & P Asia 50 Index, which comprises the largest market capitalizations in the region no faxing payday loans.

In China, the Shanghai Stock Exchange recorded an increase of over 2% on Monday morning. In Hong Kong, the Hang Seng wins 2.6% to 20,806 points."The airlines, real estate or in metals are the most direct beneficiary of yuan appreciation," said Shen Jun, an analyst at Bank of China International.

In Japan, the Nikkei 225 wins 2.07% to 10,201 points by 6:45, while the Topix rose 1.87% to 901 points.

In Australia, the rise of the S & P/1SX 200 reached 1.22%, 4607 points.

China and Australia: EUR 7 billion contract

Australia and China on Monday signed several contracts worth 10 billion Australian dollars (7.1 billion €) after discussions between Prime Minister Kevin Rudd and Chinese Vice President Xi Jinping visits in the country.

The ten agreements, mainly in the field of mineral resources and energy, reflecting strong and growing cooperation between Canberra and its largest trading partner, largest consumer of mineral resources in Australia, Mr Rudd said in a statement.

Xi Jinping arrived here Saturday to Australia for a five-day visit during which the project should be tackled controversial Canberra tax on super profits of mining groups.

Beijing fears that the tax drives up the prices of raw materials which China is a big buyer.

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Surprising as it may seem, the purchasing power of French households has increased more during the recession of 2009 than during the previous year. Very specifically, the increase was 1.6% last year, against 0.4% in 2008, according to figures from INSEE. Unemployment forces, incomes have barely increased in 2009 (1%). But inflation has settled down, which has given fresh air to the household budget. With a decline in oil prices and food prices, prices of consumer spending fell 0.6% in 2009, when they rose 2.9% in 2008 payday loans.

Concerned by the crisis, the French preferred to save the additional resources, including by placing life insurance. The savings rate has reached 16.2% at end 2009. Consumption has it, plus a small 0.6%. The scrappage boosted purchases of cars (+8.3%).The French bought mass televisions, went to the movies more but have less clothes and bought train tickets and plane.

"If the euro fails to go higher than $ 1.24, a new test of the lowest annual is very likely," warned early this morning, the analysts from Saxo Bank. The new incursion in the $ 1.22 actually arrived very quickly and a low annual dollar touched 1.2110 in late morning, while the previous floor was 1.2144 dollars (May 18) .

The symbolic level of $ 1.20 per euro is very close, even if the euro regained some strength on Tuesday afternoon (1.2239 to 16.30 dollars), after publication in the U.S. two good indicators on construction and manufacturing activity, which reinforce the prospects of a good recovery across the Atlantic.

To believe in technical analysis, however, a return of the euro against the dollar is 1.166 "inevitable".The lower this morning placed parity in graphic form delicate figure, called "double bottom" (in the form of a W) that had drawn these days was conducive to a strong rebound momentum. But with this new low index, the scenario is shattered. Below 1.21, the euro / dollar is vulnerable to a return to 1.18 and 1.166, is the course that was in effect at the time of its establishment 31 December 1998 low fee pay day loans.

The banking system under pressure

The euro has suffered Tuesday morning due to problems of sovereign debt that could spread to the banking system.The ECB has in fact warned Monday in its biannual Financial Stability report that banks in the euro area could face a potential second wave of loan losses may amount to 195 billion euros over the next 18 months Because of the financial crisis.

Lagarde: "Exporters do not complain"

French exporters, who complained when they felt too strong euro against the dollar, do not say anything since the European currency has weakened, said Tuesday the Minister of Economy Christine Lagarde in the corridors Assembly.

"Me, they (exporters, Ed) were all behind my door when the euro was at $ 1.45, claiming that the Euro was too strong (…) I have one today. So I think for them it should work. "

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