Virginie Calmels, newly appointed CEO of Endemol Worldwide while retaining his position as president alongside Endemol France, book exclusive vision of the audiovisual market bad credit payday advance.
Virginie Calmels. Photo credits: ROBERTO BATTISTINI 060 333 4000
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The revolution of the gas in the U.S. is running. By midweek, the price of natural gas in New York reached a record low, at less than $ 2 million BTUs (British thermal unit) – the international measure equivalent to 28 m3 of gas. Not since ten years ago to find such a price. The particularly mild climate this winter and falling demand support this decline in prices, but they do not explain everything.
"There are six to seven years, the magnitude of the reserves of shale gas across the Atlantic was largely unknown. Today, operators have mastered better and better their production and extract larger quantities with less drilling, exposes Olivier Rech, cofounder of investment consultant Energy Funds Advisors. Meanwhile, even when they go out of oil, they get associated gas. Under these conditions, the abundance of supply weighs on prices. "
This new situation gives ideas to operators. GDF Suez for example, could invest in the downstream side of the Atlantic, that is to say to provide gas, liquefy it and send it to other markets. However, an investment directly in the production in the U.S. is not on the agenda, warned Jean-Marie Dauger, Executive Vice President of the GDF Suez, in charge of Global Gas and LNG (LNG).
Concentration for
In general, the French group makes it clear that a gas supply in North America is based primarily on a prospective scenario. Understood: the market test medium-term guide strategic choices.
In Asia, Mitsubishi Corporation is also exploring several alternatives. After acquiring 40% in February from a field of shale gas in Canada Encana, the Japanese company is considering a giant project (€ 10 billion investment about) LNG production in British Columbia, the west. Several partners are in discussions, including Shell and Korean Korea Gas – who buys every year 30 million tons of LNG.
This situation of depressed gas prices in North America Will it continue permanently? "Above all, this situation is abnormal. In most regions in the U.S., gas prices are now below production costs. Under these conditions, many are fragile and gas operators in the two to three years ahead, there could be a phenomenon of concentration, says Olivier Rech. The revolution of the gas in the United States will therefore damage among companies.
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Virginia Rometty, the IBM boss, she will be admitted to the very select Augusta National Golf Club, home like every year, in Georgia, the Augusta Masters that lasts jursqu'à Sunday? As official sponsor of the tournament, along with Exxon Mobil and AT & T, the tradition that the leader of IBM obtains de facto membership in the Augusta National Golf Club, and whether it takes the famous green jacket member struck the shield of the tournament during the duration of the Masters.
The golfing institution which has only 300 members, including Bill Gates and Warren Buffett, is facing a serious dilemma, reports Bloomberg news site. Since its founding in 1933, the Club membership is in effect only for men. Therefore, on the occasion of this 76th edition, can break tradition and considered the patron saint of IBM as the equal of her male predecessors or can it take the risk of alienating a sponsor capital? As a sponsor, IBM provides indeed all technology services to the tournament start at the site of the Masters as "Big Blue" has managed since 1996.
True to its reputation discretionary, the tournament director has declined to comment hiding behind its privacy policy. Asked on the eve of the tournament, Billy Payne swept a backhander issues relating to the admission of Virginia Rometty or not personal business card. "As always, all questions about who can be a member and will have been discussed privately among members," he explained simply.
The prestige of the tournament excludes any scandal
This situation is not new for the Masters in Augusta that regularly faces numerous calls to modernize. Already in 2003 a campaign was conducted by American feminists to denounce the discriminatory admissions policy advocated by management. In response to the controversy, the tournament has waived any sponsorship for two consecutive editions are depriving the passage of lucrative advertising revenue.
Ten years later, the feminist call cover and want to be heard. Martha Burk, who led the unsuccessful campaign to admit a woman in this place of power and privilege, said that appointing a woman to head an official sponsor is an opportunity for Club abandon all sexism against women. An avid golf player and regular, President Barack Obama also said Thursday, speaking through his spokesman, that Augusta National had to admit the boss of IBM for his club.
Virginia Rometty is the first woman to head IBM. Photo credit: Dima Gavrysh / AP
In a mobile market completely disrupted by the arrival of Free Mobile, Bouygues Telecom said it had lost 159,000 customers, of which 134,000 went to Free Mobile. This represents 1.4% of its fleet of 11.3 million mobile customers. Last week, Orange announced that it had lost, for its part, 201,000 mobile customers in total, or 0.7% of its fleet.
Result, Bouygues Telecom expects a decline of 10% of its turnover in 2012 to 5.14 billion euros. The arrival of Free Mobile is not the only cause. Martin Bouygues, CEO of the group, also cited pell-mell "regulation, the end of the differential termination, terminal costs, Chatel law which is one of the most protective for the consumer."
The government fiercely defends his proposed "employment tax"-a reduction in labor costs funded by an increase in VAT and the CSG on capital income. Supporting figures, experts Bercy want to show the economic virtues of the device, introduced Wednesday in the Cabinet, on behalf of "competitiveness" of France. Competitiveness that the report of the Court of Auditors, presented Wednesday, deemed necessary to strengthen.
As announced by the Head of State, effective October 1, work will never be the main source of funding for family policy. Reform is to reduce employer costs by 13.2 billion full-year (3.6 billion by 2012). The family contributions paid by employers will be removed for salaries between 1.6 and 2.1 SMIC (2290 euros net), then eased on a sliding scale up to 2.4 SMIC (2620 euros net). This rate was calculated Bercy, a gain of 40 euros per month for a minimum wage, 120 euros to 159 euros and 1.6 SMIC 2.1 for minimum wage. In all, according to the ministry, 14 million employees are affected by the measure.
International competition
This will benefit "to the sectors most exposed to international competition (80% of manufacturing jobs and 97% of jobs in agriculture are concerned)," argues the report of the Cabinet. The Department of Finance estimates that the reform will result in the creation of 100,000 jobs in 3 years. The Executive held Wednesday to register false face of opposition, who had spoken of a "gift to the banks." "This is nonsense! Wages in finance are higher than our target, "argued a ministerial adviser. Which also indicated that the device would benefit "proportionately" more for SMEs than for large groups, since they will reap 47% of its fruit, although they represent 40% of payroll in France.
To offset the cost, the government intends to increase from 19.6% to 21.2% the standard rate of VAT, also on 1 October. This measure will yield € 10.6 billion per year in stride. Given the controversy, the government ensures that it will not make up prices. First, he argues, because 60% of household consumption are exempt from VAT or enjoy a reduced rate will remain unchanged. Of the remaining 40%, three quarters of the products are manufactured in France, their prices will not rise … as long as companies pass on the reduced charges. Only imported products subject to the VAT increase, that is to say 10% of household purchases, could therefore lead to higher prices, ensures Bercy, while betting that "strong competition" will limit the inflation .
To complete the financing of the reform, the general social contribution (CSG) on capital income will be increased by two points, from 8.2% to 10.2%.
Still not convinced, the PS again spoke Wednesday of an economic mistake "that will weaken consumption and will therefore result in growth and employment". Francois Hollande warned that he would cancel the measure if they win.
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The "Jasmine Revolution" made him one of his symbols in the Maghreb, but for the Tunisian Salafists, it is now down to the media. However, Nessma, the first Tunisian private channel present in the Maghreb and available via satellite to 90 million people, has every intention on Sunday, play an important role during the first free elections in Tunisia. The staff of the chain refines his election night and will also take the opportunity to offer its viewers a brand new news.A symbol for the general channel, leading audiences in Tunisia and one of the most watched in other countries such as Algeria, Morocco and Libya.
The purpose of the chain is to offer a model that does not really exist in the Arab world: a general close to French and Italian models, including M6, TF1 and Canale 5, that is to say, entirely financed by private funds. The channel aims to break the hegemony of the operators in the Gulf as al-Jazeera or Al Arabiya. Founded in 2008 by brothers Nabil Karoui and Ghazi, the Italian media group Mediaset and businessman Tarak Ben Ammar, she was baptized in a prescient Nessma (the breeze, in Arabic). She now wants to surf the huge popularity that she raised 30 December 2010.It was the first media to dare criticize the regime deben Ali, and to support the "revolution of Jasmin", before calling a return to calm the population payday loan lenders.
Dissemination of "Persepolis"
The elections are for Tunisian Nessma "the birth of a certain editorial line," young, free and modern. "Nessma belongs to everyone, says one of its shareholders, businessman Tarak Ben Ammar, to all those who look at those who make it, and finally to all the political forces that are TODAY 'Today, in the presence to elect the Constituent Assembly that will work with the Constitution of our country.As such, Nessma deal with all of the coalition, including Ennahba with the moderate Islamic party, if elected democratically and if, as he said, condemning the violence and fighting for the freedom of expression and the achievements of Tunisian women. "
But the chain Nessma is in the firing line of radical movements. Last week, the Salafists protested against the chain, burning cars of its leaders and the house of its chief executive, Nebil Karoui. At the root of this conflict is the dissemination of Persepolis, the film of Iranian director Marjane Satrapi. Although awarded at festivals in Cannes or Abu Dhabi as well that of Carthage, the film was exposed on all screens in the Arab world. But its distribution in the midst of Nessma election and Tunisian dialect, so accessible to as many people, set fire to the powder.
Fitch Ratings lowered the rating two notches from Spain, which now stands at "AA-". Spain held so far a "AA +", the fourth highest on a scale of twenty. More worryingly, the note is accompanied by a 'Negative' outlook, which means that the agency could lower it back to medium term.
Spanish growth at half mast
Moody's in turn should decide by the end of October on a possible downgrade Spanish now "Aa2" (the third best possible)."With significant funding needs" of the Spanish State, to cover its budget expenditures and net external debt is "one of the highest in the world" (91% of GDP), said Fitch, "the more volatile strong a negative effect on financing conditions in the market of Spain. "
But there are also internal factors in the country "risks to fiscal consolidation as a result of performance parts." The same agency Fitch has lowered Wednesday including the long-term rating of the Basque Country, one of the richest region in which it criticizes the "weak fiscal performance." Growth forecasts have been revised downwards. Wednesday, the Bank of Spain announced that the country's growth expected to slow in the third quarter, to reach an economic activity 'lackluster'.The Spanish government has also recognized that the economic growth targets it had set for 2011 and subsequent years would be "hard to reach" because of the risk of recession in the world.
Italian governance into question
Fitch also lowered the rating one notch to Italy, "A +" against "AA-" and does not see her again in the fall if the country would miss its targets for reducing the budget deficit. Fitch was the last of three major international rating agencies have not downgraded from Italy since the beginning of the debt crisis in the eurozone. She explained that the high level of public debt and budgetary financing needs, combined with the low level of potential growth (the country), made in Italy especially vulnerable.The Agency is challenging the country's governance and stressed that the differences in the Parliament and the escapades of the prime minister Silvio Berlusconi, help to weaken the ruling coalition.
Belgium heckled by Dexia
Belgium is also in sight. The agenceMoody's said it was considering lowering its rating, currently at "Aa1", the second best possible. The agency cited three reasons: the crisis in the euro area, concerns for economic growth and the possibility of additional support to the banking system, particularly in establishing Franco-Belgian Dexia.
Another European country in turmoil, Portugal, has been confirmed its rating of "BBB-" (the last before falling into the category of "speculative") by Fitch, which continued on negative watch at least until the end of the year.Standard & Poor's, confirmed Tuesday the rating "BBB-" from Portugal, while maintaining it as a negative outlook. Portugal, the third country in the eurozone after Greece and Ireland to receive international financial assistance, is facing new economic challenges that undermine his efforts to clean up its public accounts. Progress in implementing the program of the European Union and the International Monetary Fund (IMF), and its budget for 2012 will be crucial.
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Baroin on a plateau of CNN, this is not Christine Lagarde interviewed in the "Daily Show" Jon Stewart. Former Economy Minister had marked the spirits with a beautiful demonstration of self-mockery, in a financial crisis, saying with a humor all English-speaking French position vis-à-vis the situation of banks. An effective way to get messages across the Atlantic, in a country that does not always share – far from it! – The same opinion as the Europeans.
His successor, however, has adopted this week at the annual meeting of the World Bank and IMF, a slightly different stature. Gravely, sheets strung, serious rigor.Interviewed Thursday by Maggie Lake in its program "Business 360", the French minister wanted to embody the application with which Europe treats the moment the debt crisis.
Translator to support – "it is just not to be mistaken on any word and bring down the stock market more than 5%!" Calls due to his entourage who wants to remove the rumor saying the angry with the Shakespeare's language – Baroin refuses to be intimidated by any questions. Not even when the presenter asked about "fear" about the situation of banks in Europe.That one, he was waiting for … "They have good corners," said the minister, the coup, speaks with a touch of nostalgia the three years he was an economic journalist on Europe 1.
"No way to leapfrog"
The next morning, it's the American columnists (those in the Washington Post, Financial Times, The New York Times or the Wall Street Journal and The Economist) that seeks to convince the "pragmatism" of the strategy adopted by Europe on July 21 to stem the debt crisis.Despite the G20 communiqué issued last night, the Minister did not want to see a winning mine – it must be said at the same time the new stock exchanges were pretty bad … – ensuring that there were still efforts to be done to reduce deficits and restore growth.
Main concern of American editorial writers: what is the market reaction if the European countries openly admitted a lack of Greece? "No way to leapfrog," once again hammered Baroin.As for the situation of the banks of the Old Continent, which also concerned the American press, it should be raised at the traditional "bankers' dinner," which brought together tonight finance ministers and heads of the major French financial institutions as part of an annual meeting …
After his three-day visit to Washington, the message of France is over. The cameras turn off, the books disappear, and finally relaxes Baroin joking with reporters … in English!
François Fillon on Monday took a trip to the nuclear power plant of Bugey in Ain – one of the oldest park of EDF, one of the reactors suffered its general review of thirty years – to reiterate the government's argument in favor of nuclear energy. Being understood, said the Prime Minister, that "safety is the top priority." The end of a busy year on the last record. Six months after the disaster of Fukushima, Japan, EDF must provide a copy within two weeks of testing the resistance of French power stations.
ASN will then evaluate, by December, the information on the resistance of plants to earthquakes and extreme flooding.Asked about the failure to take into account the risk of terrorism in these tests, François Fillon acknowledged that the current plants – unlike the EPR reactor being built in Flamanville – would not survive the fall of a "jumbo" in the case of an attack like September 11, 2001 but that there are "other means than concrete" to counter an air attack, referring to anti-aircraft missile batteries and fighter on permanent alert. The prime minister also responded to a question about the resistance of the Flamanville earthquakes, following the information published in Le Canard chains."No need to read Le Canard chains, he said, all information is on the website of the Nuclear Safety Authority" (ASN) has called, playing the role of "sting", a better resistance of building control fast payday loan.
Besson favor of "stress tests"
The Prime Minister also called for the establishment of international safety standards. A goal that will not be met "for years" according to Andre-Claude Lacoste, President of the ASN, because of the hostility of countries like China, India and the United States. Eric Besson, Minister of Industry, will defend to the IAEA in Vienna, September 19, the idea to conduct stress tests in all nuclear countries. Pending the possible orders of the nuclear policeman at the end of the year, EDF provides better security of its power at all times.Example, during the four months off during the revision of the number 5 reactor Bugey, pre-authorization for an extension of ten years, 25 million euros is being invested to enhance its resistance to earthquakes.
Security has its price. Henri Proglio, the chairman of EDF, has also invoked July 29 to assert that it would be "natural" that the price at which EDF has to sell part of its current competitors (price Arenh) increases until to 46 euros per megawatt hour, while the authorities have set at 42 euros on 1 January 2012.
Responding to the BBC on this, François Fillon said "common sense" the current level of Arenh but added that more security funding for renewable energy made inevitable the rise in electricity prices. In government, he added, to control it as much as possible.