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Solidarity savings gaining weight. As evidenced by the latest barometer of the association Finansol group of leading financiers in solidarity with the Hexagon, its stock is around 3.15 billion euros at the end of December 2010, an increase of 31% compared to the previous year. "Every family of products grew with rates of 15-50%," says Finansol in a statement. Even if these good figures owe much to the legal requirement for companies to make socially responsible funds in their employee savings schemes, which weighs half of the total outstanding.And they must also be compared to the total amount saved each year by the French, which is around 250 billion euros.

Journalist expert on the subject, and author of "Solidarity savings for Dummies" (available since May 12 First Editions), Eric Larpin believes that such legislation has almost doubled the number of savers, who passed the bar of 700,000 people. Ultimately, these funds are supporting local projects of SMEs and cooperatives in sectors "of recycling, recovery, fair trade, organic farming or carpool," recites the journalist.

These are all areas where it is difficult to get funds."Companies faced in my work always tell the same story: their case was set aside by the banker, who considered them too risky in the absence of a business plan or market research deemed appropriate," says Eric Larpin. This explains why banks are reluctant to offer these savings products:

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All for it! A great stir launched by Laurent Wauquiez triggers an uproar, followed by a double crop, ministerial and presidential primary. But a few days later, means a whole different story. François Fillon Laurent Wauquiez has criticized the "form", but acknowledged the need to "correct" the RSA. And Roselyne Bachelot, who on Monday denounced the "About counter" in the mouth of his government colleague, merely validating the more moderate course, diagnosis shared by all governmental experts: the RSA does not work .

"This system is not perfect and needs improvement. This is a horribly complex. It must be simpler, "said Minister for Solidarity. The Minister of European Affairs has lanced the boil.The initiative is very cavalier but Sarkozyist in mind: to generate debate on a subject which will now cleaving the heart of the presidential election.

Since the Elysee prepares a balance sheet of five years, the RSA is an embarrassment, even if the plate issued by the Presidency of the Republic for the fourth anniversary of the class number of successful reforms. Should he be praised for showing that the government can boast of a true social balance? You run the risk of exasperating his electorate that is notched on all subjects assistantship. Should we criticize, pointing to its shortcomings?

Crisis forces, the RSA is not increased in intensity. Departments have struggled, together, to put in place. The record is disappointing.And Nicolas Sarkozy, who was given carte blanche to Martin Hirsch, came back the promises of the former High Commissioner of Solidarity.

A "disappointment"

Last Friday, Nicolas Sarkozy himself acknowledged before some guests of the evening that the RSA is a "disappointment" because he "does not fulfill the function" for which it was designed. Several employees Elysian find elsewhere, for several days that the RSA was "a bad system." Even Jean Castex, deputy general secretary in charge of social issues, slid in front of several elected officials as the "RSA does not correct the RMI but amplifies it." He likes to cite the example of supermarkets, which are not hiring more part-time because it makes employees eligible for RSA. "As a result, employers have an incentive to pay only partial activities," said Castex.This means that Wauquiez had some support when he opened a gap on this subject.

Now, everyone understands that the assistantship in general, and the RSA in particular, should enter the debate of the presidential election. Whether it is local aid, of individual housing, the earned income tax or unemployment benefits – by far the most generous in Europe, particularly for executives – these benefits will be evaluated. First, during the debate held on this subject by the UMP June 8 Then during the mission's findings Marc-Philippe Daubresse on RSA.

"We have two solutions. Or we're like 80% of the countries that surround us, that is to say nothing, because generalized social benefits are the only true French specificity. Or do we tip of a support system to a delivery system, that is to say, aid in exchange counterparties.Only the second solution seems feasible, there is little confided to Le Figaro a close adviser to the Head of State. The Elysee, who thinks of course the debate of 2012, reflecting on different tracks. For example, the idea of ​​a "welfare reduced based economic growth," says this adviser.

But another near the head of state calls on him "a fierce fight against abuse", without questioning the entire system, on behalf of national cohesion.

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At TEPCO, the operator of the central hilly Fukushima, everyone will have to sacrifice financially to repay victims of the worst nuclear disaster since Chernobyl. The Japanese utility Tokyo Electric Power, said TEPCO announced Monday a general reduction in salaries of its staff to reduce expenses. This is for her to pay their due compensation to the people of the region.

All will not suffer wage cuts of the same magnitude. Widely criticized for their handling of the crisis, the honorary chairman, CEO and other senior leaders TEPCO will see their annual emoluments amputation of 50%. The salaries of middle managers will be reduced by 25% and those of ordinary employees by 20%. TEPCO had already announced it would not pay dividends to its shareholders or for 2010 or 2011.

"We will apply these deductions to earnings because of the impact on our accounts of the amounts payable under the law on compensation for nuclear damage to those who have been victims, and because of the increased costs for rebuild electrical installations, "the company said in a statement. Tepco discount and make an annual saving of 54 billion yen (455 million).

Recruitment canceled

In addition, the company canceled a plan to recruit 1,100 people. These hires, planned for 2012, should allow it to expand abroad. Before his international ambitions are ruined by the disaster, including TEPCO planned to expand its business in construction and operation of nuclear facilities outside Japan.

"We sincerely apologize to the public and our customers for concerns and inconvenience caused by the accident in Fukushima," assured the group. "We will continue to make every effort to manage the current situation and reduce our expenses by focusing on stable supply of electricity and security."

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Analysts had anticipated a pleasant surprise in the first quarter for Publicis. They were right. But they expected that the group displays a better advertising revenue. Publicis has posted organic growth of 6.5% in the first quarter to 1.286 billion euros, against a consensus of 6.7%.

An Unusually, this performance is due to the good performance of Latin America (organic growth up 8.7% in the first quarter), supported by Brazil (+20.1%), U.S. USA (+8.4%) and Europe (+6.2%) boosted by France (+8.2%). In contrast, the Asia-Pacific is growing only by 1.5% due to the earthquake in Japan and floods in Australia. China limits the damage with a growth of 8.2%. "Our exposure in Japan is low.The earthquake and tsunami that struck countries, such as the revolts that took place in the Middle East, will negatively impact any of our forecasts for 2011, "said Maurice Levy, Publicis chairman. The boss of the advertising group is also stayed very evasive on the subject, merely indicate that "a 5% growth in sales in 2011 would be a very conservative forecast."

"We outperform the market by 2011"

Thanks to the good performance of China, Brazil, but also Russia and India, growth in emerging countries amounted to 11.4% in the first quarter. Digital activities alone represent 28.2% of Group revenue (against 27% in 2010). "We do not show much innovation and therefore continue to invest in growth markets such as digital and emerging" quips Maurice Levy.Digital activities and represent emerging elsewhere 48.3% of Group revenue in the first quarter "in line with the group's objective is to achieve 65% of its income on these two segments," says he .

The advertising market, the subsidiary of Publicis, ZenithOptimedia, has yet reviewed this week down its forecast for investment growth in 2011 to 4.2% against 4.6% due to the disaster in Japan and uprisings in several countries Arab. But that does not diminish the confidence of Maurice Levy. "Advertisers have not stopped their campaign, assures the President of Publicis. We found no concern on their part. Their primary concern is the growth, not cost reduction. "

A trust that is found when talking about the second quarter. "The second quarter looks good.The year 2011 will be for its good or very good, "said President of Publicis. We outperform the market in 2011. Obviously, the soaring price of raw materials encourages companies to protect their margins. It may therefore be a risk cutoff of investment from advertisers. But the future is growth. "

Future and it is precisely at Publicis issue, that of Maurice Levy, whose mandate expires Dec. 31, 2011 will be extended. But the president still has not set a date or given any indication as to his successor. "My priority is Publicis. I will remain the necessary time. "

She gave a good month to sell everything. A few hours will suffice. Monnaie de Paris has attracted crowds during the weekend of April 9 to 10, when the sale of two new plays: 10,000 pieces of gold in 1000 euros the effigy of the Greek hero Hercules. A veritable gold rush, which has undoubtedly been very beneficial to the venerable institution. And for good reason: Each piece consisted of 20 grams of gold. What gives them the weight value of 650 euros at current prices, or 32.5 euros per gram.

But knowing that the Monnaie de Paris bought the gold that was used in the manufacture of these parts long before the launch of the operation, and given the fact that this metal has continued to surge in recent months, we can imagine that the profit was considerably higher than EUR 350 per room, well over 3.5 million euros in total! Even thinking about the parts of 100 euro money thrown at the same time: a weight of 50 grams and 50,000 copies drawn, they are only worth 47 euros at the current weight (0.94 euros per gram).

Side of the Paris Mint, its CEO, Christophe Beaux, wants to say anything about the benefits of the transaction. He recalls that it is "substantially lower" it looks, since we must deduct the cost of manufacture, knowing that "these pieces are quite worked." Still, this type of event takes place at regular intervals.Monnaie de Paris, which posted a net profit of 18 million euros in 2010 (against 16 million last year), in particular launch gold coins to 200 euros by the end of 2011.

The annoyance of numismatists

In contrast, numismatists s'agacent this success guaranteed payday loans. Worse, they scoff. "This is undoubtedly a very good deal for the state," quips Michael Prior, director of the Compagnie Generale de la Bourse in Paris, lamenting "a very bad investment." Among the causes of that nervousness: a few days after the sale, the professional has seen a Hercules gold for sale on e-bay at a price of 1200 euros. "After that, if the seller found a buyer, more power to him!" Coward he. According to him, the operation of the Paris Mint would be a scam. And buyers of laymen.

A bit bad player, our numismatist? A little. Because as pointed out by Christophe Beaux, a demonetization not valid.And thus, "the piece is protected by face value of 1,000 euros." So if gold were to fall, the buyer may in any case recover its initial investment. Driving the nail, the senior official added that "one must take people for fools." "They learn a minimum, he says. Thousand euros for a room, it is not nothing! "

Furthermore, it indicates that the 100 euro gold coins launched in 2008 by the Paris Mint, and equipped with 3.11 grams of gold, now worth almost as much weight as their face value. However, we must remember that an ounce of gold was used for flambé in times of crisis, and that if the economy improves, "catching up" of Hercules will not be as easy.

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Take action publicly traded group neither too small nor too large, but rather the media. Shake it skillfully through several transactions not too discreet. Let the rumor thrive … When the market this action starts to boil, enjoy.

This technique of "tea" – a form of manipulation, of course – may well be that the action was lively Euro Disney in recent weeks. In February, the stock suddenly more than doubled to more than 9 euros, in trading volumes amazing (up to 4 low fee cash advance.5% stake in one sitting). He still traded around 7.70 euros today.

The Autorité des marchés financiers (AMF) is conducting its investigation for several months. But according to our information, a track is preferred.That of a small company of algorithmic trading, based abroad, including the AMF has already crossed the name several times in similar surveys. The AMF is no comment.

More than a month after the fall of President Zine el-Abidine Ben Ali, two French ministers have visited for the first time in Tunisia on Tuesday. For this visit aimed at restoring confidence between Paris and Tunis, following a succession of blunders diplomacy, Economy Minister Christine Lagarde is accompanied by Laurent Wauquiez, the minister for European affairs. Officially, the European Affairs Minister Michele Alliot-Marie could not go to Tunis to issues agenda. She is currently conducting a two-day trip to Brazil.

"Trust between Tunisia and France has not been broken," assured in front of some journalists Christine Lagarde at the beginning of his visit to Tunisia a few hours low fee payday loans. "The relationship between France and Tunisia has for centuries made a lot of light, a little dark sometimes.We are clearly in a period of light for this country, "she added.

"We do not come to lecture but to listen to their needs," said his part the Minister of European Affairs, Laurent Wauquiez. He raised the possibility of increasing European funding and needed to establish a "Marshall Plan now for Tunisia, European and also global":

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Passed by the National Assembly in late 2010, then by the Senate last January, the law establishing a social price of water has just been enacted. After similar measures on Legaz and electricity, that social progress was a little past unnoticed as recalled by Le Parisien on Tuesday-Today in France. It will apply from 1 January 2012.

Since the consecration of the "right to water for all" by the law of 30 December 2006, several voices were raised for that right to be accompanied by a financial guarantee that any individual can access drinking water for food and hygiene, under economically acceptable. The idea of introducing a social tariff was included in a report of the Economic, Social and Environmental Committee (EESC) in April 2009.The report noted that while the number of file unpaid treated water dispensers public and private sectors was increasing: 33,500 records of individuals unable to pay their water bills had been well reviewed in 2008.

Even if water is cheaper in France than in most European Union countries, to 3.40 euros per m3 on average 5.16 euros cons such as Germany, a recent study by the services public water and sanitation confirmed recently that the water prices had risen faster than inflation in recent years, an average of 3.3% annually since 2004. Pioneer, the city of Libourne in the Gironde has taken the lead in establishing a very low rate of 0.10 euro for the first 15 cubic meters and then a gradual increase in the price up to 200 m3.

The social tariff introduced by the text published in the Official Gazette on February 8 does not set the price that must be applied per cubic meter of water consumed, as in France each municipality is responsible for ensuring the public water service. The text proposed by the UMP Christian Cambon provides services managers of water services revertants 0.5% of their revenues to fund departmental housing solidarity (FSL), which centralizes and distributes aid in housing and Power and telephone. The goal is to help households struggling to pay their bills. ASPs will also be equipped with an additional EUR 50 million from 2012. The government also pledged to establish a preventive system to help families in situations of default.

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They want to keep their composure. But after two difficult years, the French tour operators are very concerned: the period of political instability experienced by Tunisia, the demonstrations in Egypt and the risk of contagion in the region, real or perceived, could undermine their business.

"Until then, it is not catastrophic because it is still the low season in Tunisia," said Antoine Cachin, CEO of Fram. The big issues are for the Easter holidays and summer. Reservations are almost at a standstill, it is troubling. But there is still some time before us. "Mid-January, Fram has repatriated 1,600 tourists in Tunisia three days. To thousands of customers who were unable to leave the tour operator provides deferrals to other destinations: most opt for the Canary Islands, just for Morocco.Then it is time to book for this summer, customers prefer for now southern Europe (Spain, Greece, Italy) in North Africa, with the exception of Morocco, also finds Fram. Typically, Tunisia represents 18% of sales of the tour operator (its third largest market after Spain and Morocco), Egypt 5%. "In Egypt, where we currently have 500 customers, the situation is different because the peak season will start," said Antoine Cachin. Sales are almost zero but there are few cancellations. We're 230 clients from this weekend. "The shortfall will not be caught.

Unbeatable

Marmara is the front line: 38% of his clients opt for a holiday in Tunisia and Egypt. The tour operator claims a leading position in Tunisia with 33% of sales of package holidays. Same in Egypt, with 44% market share."Every year, more than one million French go to Tunisia, said Florian Vighier, Executive Director direct payday lenders. For French tour operators, destination is the most profitable in the long term, with an unbeatable value. We do not want to imagine a scenario where the destination would not leave this summer. "In 2010, Marmara made from 350 000 customers in Tunisia (his first destination), at an average price of 600 euros per person, all inclusive (flight + accommodation). Usually from October to March, Marmara chartered 20 flights per week to Tunisia (Djerba especially).Today it is calm because until 7 February, it all stays and tours were suspended, a provision taken on 26 January by the Association of Tour Operators (Ceto).

Departures to Egypt, where 80% of clients of Marmara are on the banks of the Red Sea, were suspended this weekend by all tour operators. The Ministry of Foreign Affairs recommends no travel to the country. Club Med has three villages in the country. All are open, while its five villages in Tunisia (Djerba three to one by one to Nabeul and Hammamet) are closed. Djerba La Douce that remained open until January 16, when it was closed as a precaution.Its reopening is scheduled for 12 February.

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"The French tour operators have a significant economic dependence vis-à-vis the Maghreb, said Rene-Marc Chikli, president of Ceto. And the reverse is true. Tourism is the second economic activity in Tunisia. We are caught between the requirement of our customers and the need for us as for host countries to bring back tourists. By stopping the departures, we lose every day millions of euros. "

Orange is the French market on the Web. Nearly a year after he set foot in the music site Deezer, which owns 11% of titresl, the operator is negotiating a capital input of video sharing site Dailymotion. According to the website of L'Express, Orange would gain between 30 and 50% of the site. The latter would, according to our information, valued at 150 million euros.

The transaction will allow investors in the first hour of Dailymotion achieve a partial exit, while neither an IPO or a complete redemption seemed to be profiled. Since its inception, Dailymotion has raised 45 million euros from funds Atlas Venture, Partech International, IDInvest, Advent Venture Partners and most recently with the Strategic Investment Fund (ISF) cash advance. The latter also owns 13.67% of France Telecom.No shareholder should fully recover during this operation.

Orange is following in the footsteps of Google, which had paid $ 1.6 billion in 2006 to get their hands on the video sharing site YouTube. Its partnership with Deezer himself has already borne fruit for the music site: it claims more than 500,000 paid subscriptions to date, against 15,000 in August 2010.