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The RSA extended to young people today

Thursday Sep 2, 2010

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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Eutelsat "at the heart of the image revolution"

Saturday Jul 31, 2010

LE FIGARO. – Eutelsat crossed the billion euros. This growth will she continue?

Michel de Rosen. – It is indeed a record year with growth of sales from 11.3% to 1.04 billion euros and growth of the gross operating surplus of the same order to 828 million. But do not performance overinterpretation those that involve non-recurring items: we have benefited from the full effect of five new satellites launched in 2008 and 2009. For Eutelsat, this is excellent, our ambitions are clear and our strong future. We operate in a business long term, so we're marathon runners rather than sprinters. Since the IPO in 2005, our turnover grew by an average of 7% per year and we have always kept our commitments.We announce now forecasts annual growth above 7% over the next three years, with a turnover of 1.12 billion over the year begins. The dividend that we offer up 15% to 0.76 euros.

Do you have visibility of 3 years?


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Trend hesitant to Paris Bourse

Tuesday Jul 13, 2010

The CAC 40 begins the week in positive territory. At the opening, the benchmark index of the Paris Stock Exchange gained 0.23% to 3562.70 points. This gain is difficult to maintain and to 10 hours, the ACC is slightly in the red (-0.13%).

This morning, Asian markets have chosen a conservative increase in the wake of the positive closing of Wall Street Friday. U.S. markets ended the week on a fourth consecutive session progress (0.57%).

The LSE has also opened up, the Footsie index gaining 0.34% to 5150.41 points. The DAX index of the Frankfurt Stock Exchange has its open side for a gain of 0.24% to 6079.95 points.

In Paris, the stock reached Friday to keep the threshold of 3,500 points, allowing the benchmark index of snatch 6% in five days. On Monday, investors will try to keep this momentum. The meeting, however, looks very calm on the side indicators.The markets have learned before market that current account deficit had settled in France to 4.5 billion euros in May, from 2.9 billion in April, seasonally adjusted data.

The rest of the week will be loaded, the U.S., several interesting publications such as the budget (Tuesday), sales information (Wednesday), registration weekly unemployment (Thursday), or the index of sentiment consumer (Friday).

Caution is also placed on the European stock exchanges should begin when the ball Publications overseas credit reports free. From Monday, Alcoa will launch the festivities with the results of its second quarter.

Zodiac rejects the advances of Saffron

As for values, the supervisory board for Zodiac (2.78% to 40.89 euros) announced Sunday that he would not pursue a business combination proposal made by Safran.

Alstom (-0.12% to 38.68 euros) was applying for the construction of four stations on the route high-speed rail that will link Jeddah to Mecca, said Sunday the company to Saudi Railways ORS .

Carrefour (0.61% to 34.81 euros) is to publish its second quarter results on July 15 after the close of trading.Analysts already expect a turnover of 24, 78 billion euros (+5.7%) including 10.29 billion in France (+1.6%) and 5.18 billion (-0.6% ) in hypermarkets.

Cameo (0.61% to 162 euros) announced Friday for the second quarter decreased by 11.3% of its sales, surface and currency comparable because of the lag of a week of dates on balances as of June July. The turnover for this period amounted to 190.2 million euros, up 1.1% on published data.

Total (+0.69% at 38.56 euros) had launched legal proceedings to challenge the decision of the Court of Appeal of Douai to force him to reopen his site Dunkirk.


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BP could contain the oil spill by Monday

Sunday Jul 11, 2010

This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new funnel, bigger than previous ones, is currently installed by the British oil.

This funnel, called "Top Hat Number 10", should recover up to 80,000 barrels of oil per day (12.7 million liters), against 25,000 now. The authorities are optimistic that based on their assessments, the well lost more than 60,000 barrels per day. The previous dome will be first removed. A large quantity of oil escape so well for 48 hours.But once the new funnel posed, the results will be immediate, promises Thad Allen.

Since April 20, the day of the explosion of the Deepwater Horizon platform off the coast of Louisiana, BP has increased its attempts to clogging, all unsuccessful.

No stop before August

BP was more cautious in its forecasts. Bob Dudley, responsible for managing the disaster, spoke of another scenario where difficulties in installing the new funnel could delay the time from Monday to Thursday.

But authorities are confident: "We have the climate we need," said Thad Allen. The admiral, however, required to calm the enthusiasm that followed the announcement. "I used the word 'contain' and not 'stop'," he commented.According to him, the well would not be closed as well as two-pass will not be completed free instant credit score. These wells, dug deep to inject cement and mud, should not be installed until mid-August. Once the leak stopped, the extensive cleaning and restoration of the ratings will continue.

Anadarko does not pay

On this last point, BP was again struck Friday denied Anadarko Petroleum. The company, which owns 25% of wells responsible for the spill, said she would not pay the $ 272 million that BP is asking her to cover their share of cleanup costs, according to U.S. law known pollution.

On June 18, the tension was raised a notch between the two partners lorsqu'Anadarko stated that the explosion of April 20 on the platform Deepwater Horizon, "was preventable and was a direct result of decisions and actions BP unthinking.

In another e-mail sent Friday, a spokesman for Anadarko, John Christiansen, however, felt that his group remained "committed to working in good faith with BP to reach a satisfactory resolution."

BP is now awaiting the response of Mitsui, which owns 10% of the wells. The British oil giant is claiming $ 112 million for cleanup costs.The company has not yet made its position.

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The CAC 40 rose by nearly 6% this week

Friday Jul 9, 2010

Fourth day up to the Paris Bourse. This Friday, the CAC 40 has continued to rise started Tuesday and continued Wednesday and Thursday. The key index in Paris was up 0.46% at closing.

At the end of the week, and the CAC 40 gained 5.8%, from around 3360 points to 3554.48 points exactly at the close on Friday.

Elsewhere in Europe, the LSE has been 0.54%, to 5132.94 points while the German Dax rose 0.49% to 6065.24 points.

Yesterday, the index in Paris had passed the milestone of 3,500 points, reassured by U.S. data entries weekly unemployment benefits.

The euro has weakened a bit about him on Friday, while European ald evisa Thursday passed up the psychological and technical $ 1.27.

In France, French investors have learned that before the opening of the Hexagon industrial production had rebounded strongly in May rising 1.7% after falling 0.5% the previous month, according to Insee. Economists had expected an average growth of 0.4% of industrial production in May

EADS tanker of the series continues

EADS (0.53% to 17.01 euros) said it had responded to the call for tenders for tanker aircraft to the U.S. Air Force, on the eve of the deadline for the takeover bids . In addition, the World Trade Organization announced the postponement of the publication of a report on an action by the EU against the United States regarding subsidies granted to Boeing.

Kaufman and Broad (2.23% to 18.14 euros) issued a revenue down 7.6% to 385.7 million euros in the first half, below expectations.But reservations are up 55% to 675 million euros and the property portfolio is up 50% over one year.The gross margin reached 17.1% against 12.9% in the first half of 2009.

Areva (5.11% to 347.55 euros) announced Thursday it would investigate the possibility of building a second nuclear reactor in the Canadian province of New Brunswick.

Mestrallet, CEO of GDF Suez (+0.4% to 24.96 euros), confirmed Wednesday that negotiations with suppliers in Norway, Holland and Russia to obtain lower prices.

The German utility E. ON has indicated in an interview with Les Echos on Friday that he would be "very interested" in acquiring a stake in EDF reactors (-0.91% to 31 euros) to help extending their lifespan.

Moreover, the banking sector with the exception of BNP Paribas (+1.05% to 50.09 euros) suffered some profit-taking, like Credit Agricole (-1.13%) or Societe Generale ( -0.98%).

Similarly, the automotive sector should still react to earnings announcements commercial Renault and Peugeot this week. Titles manufacturers earn 1.13% respectively to 33.45 euros and 1.94% to 23.09 euros.


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Bercy measure the quality of public services

Monday Jul 5, 2010

Being supported to emergencies at the hospital, attend university, to renew his passport, family allowance … so many steps synonymous obstacle course, that the Government wants to simplify and facilitate.

While the government has launched a hundred administrative simplification over three years (on average, one per department per semester) Baroin, Budget Minister, this Monday morning the first survey on the quality of public services.Focused on the quality of reception, processing applications and claims, the barometer will be published regularly to report progress.

It reveals that only 52% of e users receive a response within fifteen working days, only 69% of them are facing the good service and supported, or that 78% of users benefit from a courteous welcome from the staff.

Even efforts to

The barometer, which is very concrete, also focuses on ten main concerns of the French. It appears that on the 13.4 million patients who visit emergency rooms each year, less than half (45%) are supported in less than two hours. Monitoring this indicator will be generalized to all emergency services by 2011.

During an attack, the average response time of police is thirteen minutes.The average period of repayment of a sheet of electronic care is 3.3 days. Taxes, 9 out of 10 requests for corrections are processed in less than a month. At the employment center, 9 out of 10 entries made within five days after the first contact. And for identity papers, 82.5% of applicants had their passports within two weeks. The goal is to reach 90% in 2011.

Side claims, the administration still has work to do. Only three service offers dedicated support and explicit claims, and when this device exists, it remains difficult to access once two.

With this in mind, the government will open an online e-claims accessible via mon.service-public.fr.This fall, the customs administration will be the first to open the service.

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United States: the recovery is more fragile

Thursday Jun 24, 2010

The Federal Reserve took action Wednesday in a hesitant economic recovery in the United States by renewing its commitment to keep rates unusually low for an extended period. The Fed funds rate has been maintained in a range from 0% to 0.25%, which it has not budged since December 2008.

In his statement issued after a two-day meeting, the central bank is lowering its assessment of the pace of recovery, revealing pockets of weakness. It also is cautious about the volatility of financial markets, given the debt crisis in Europe. But she still insists that the economy will emerge gradually from the worst recession it has seen in decades.

"The financial support under the overall economic growth, which mainly reflects what is happening abroad," the Fed said in its statement.

The Fed President Thomas Hoenig, Kansas City has expressed its disapproval for the fourth consecutive time, holding that the commitment of the Fed to keep rates ultra low long could perpetuate a cycle of alternating periods of high growth phases and depression.

Realtors Falters

The Fed also notes that the economic recovery is underway. But short of what she observed in April, when she said that the economy continued to strengthen.

The monetary authorities have also noted a slowdown became evident in real estate. In April, it was noted that one starts to straighten. On Wednesday, they simply say that these starts "remain at a depressed level. It is true that the indicators are really not good. On Wednesday, new home sales for May fell 32%.This unprecedented decline in new home sales in May reduced to little hopes of a speedy resumption of growth.

As for consumer spending, the central bank said they "are increasing but remain constrained by high unemployment, modest revenue growth and a decrease in the rich heritage." In April, the Fed had referred to an acceleration of these costs.

The Fed also notes a recent slowdown in inflation, citing a drop in prices of energy and other resources.

Most economists believe the next move on interest rates will be higher but some of them say the central bank should consider other ways to boost growth and credit. What must be added the problems of the debt in Europe and the employment indicators also disappointing.


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Pensions: a majority of French opposed the reform

Friday Jun 18, 2010

The French will they give a hard time in government? After the presentation of the draft pension reform by Labour Minister Eric Woerth, a survey of Le Parisien in France * Now provides an overview of their state of mind. In disagreement with the reform, of course, but with few illusions about a possible return back. The government has hinted it is true for several months that a reform of the pension system was inevitable, like the steps already taken in neighboring countries.

According to the poll published in the Thursday edition of Le Parisien, 60% of respondents said they in fact disagree with the proposed pension reform. A higher proportion of no surprise among supporters of the left (73%) than among supporters of right (24%).Traders, businessmen and artisans are also those who most support the reform, while workers and employees are the most heavily opposed.

Mobilization June 24

In total, 52% of respondents who consider the reform "unfair" and "not effective". Another aspect of the survey that could worry the government: they are 78% believed that the reform could generate important social movement. A concerted effort is already scheduled for June 24. It will "definitely strong, we do not fear," warned Eric Woerth Thursday morning on RTL. The unions, however, until Friday, when the project should be tabled several boards including the notice is required to reverse the project.

The government could include concessions on long careers and arduous.However, it should give way on the legal age of retirement, increased to 62 in 2018. Eric Woerth, Wednesday night on TF1, was very firm on this point: "We will not return to age-related measures because they are serious and socially acceptable," he warned. A delay on which the French did not have no illusions: they are 52% believed that the Socialist Party does not reintroduce the retirement at age 60, despite recent statements of Martine Aubry in this direction.

* Survey conducted by telephone, on a representative sample of 940 persons aged 18 and over, by the quota method.

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These need to attract Chinese tourists to Expo

Saturday May 1, 2010

At a time when travel is no longer the preserve of a few explorers, the Expo is no longer just visitors to travel around the world but rather to give them vacation ideas. The Chinese are now just under 55 million to go outside their borders on vacation. By 2020, they will be 100 million. This will be the tourist population of the world's largest. And some countries are willing to settle for a small portion of these new visitors. "We want to capture a share of this growth. That's why we joined the program joined the Nordic sells northern Europe as one destination for Chinese tourists, "says Palsson Hrein, Consul General of Iceland in Shanghai and commissioner of the Icelandic flag Expo 2010, which has made tourism one of the three themes of the exhibition.The Icelandic Minister of Tourism will make even the Expo June 17 This day is an opportunity for Reykjavik to invite Chinese travel agencies and journalists specialized in tourism.

The correlation between tourist attraction and intention to visit the pavilions of the exhibition is obvious. The United States, Australia, Japan, Thailand, France, Italy and Spain were the most popular pavilions during the test days of the Expo last two weeks. They are also the countries most popular with Chinese travelers.

The smaller nations or absent from the traditional tourist tours competing ideas to attract maximum visitors to their pavilions electronic check payday advance. They hope to offer a promotion that no travel agency can never offer them."This is a unique platform to build the brand image of a country," said Debby Cheung, director of Ogilvy Public Relations in China.

Denmark did not hesitate to move her Little Mermaid bronze for the first time outside of Copenhagen. The exhibit coming to the center of the Danish flag to the end of October. Operation successful communication since the advent of the statue has become a major "buzz" of Chinese Painting Expo. The calculation is simple, with three million visitors a year, the Nordic country can hope to show one of its landmarks twice more tourists in half the time. Luxembourg followed suit by bringing his G?lle Fra (Golden Male), moved the Monument of Remembrance to the entrance of the Luxembourg flag Shanghai.

Others offer a real experience.In front of a screen that broadcasts images of snowcapped mountains, visitors can smell the Swiss chalet mountain air, spread by machinery, just before getting on a chairlift athentique rooftop while green building. "This is an opportunity to do direct marketing that does not stand in the next decade," says Frank Serrano, head of the France Pavilion at Shanghai.


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Obama criticizes Wall Street and defends his reform

Friday Apr 23, 2010

During a speech Thursday at the University Cooper Union in New York, Barack Obama forcefully defended his plan for banking reform. Faced with dozens of top leaders of institutions in New York, Bush has denounced "the furious efforts of professional lobbyists to shape this legislation in a way that serves their own interests."

Most of the bosses of big banks such as JPMorgan Chase, Bank of America or Morgan Stanley, had not moved to hear this lesson in civics."I am here today because I believe these reforms are ultimately not only in the interests of our country but also in the interest of our financial sector," argued the President of the United States.

"Some on Wall Street have forgotten that behind every dollar borrowed or exchanged is a family that wants to buy a house, finance the studies of one member, create a business or saving for retirement," said Barack Obama. The President relies on the unpopularity of the major New York banks to overcome Republican opposition. The charge of fraud brought against Goldman Sachs by the SEC, U.S. financial markets authority, maintains that state of mind.By their excessive risk taking, the largest financial institutions are held accountable by the crisis that nearly triggered one second Great Depression.

The "surcharge" balance

A version of the financial reform has already been passed in the House of Representatives in December. The text gives the executive the power to dismantle a large financial institution in difficulty. It forces to standardize financial derivatives and to rank them on organized markets transparent. The possibility of requiring commercial banks to abandon their activities altogether derivatives is proposed by some Democrats.

The reform also creates a new agency to regulate financial services to the general public.Barack Obama also wants to cap the size of banks and ban those who have access to the discount window of Federal Reserve to speculate on their own account. The Republican opposition was fierce against the idea of creating a new fund to rescue banks fed by a surcharge for banks. Conservatives see it as an institutionalization of the principle of systematic rescue large banks irresponsible. The possible loss of this part of the reform would respond to their wishes.


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