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If you want New York to live differently, then run to the Frieze Art Fair. Exciting and refreshing, this brand new contemporary art fair was modeled on its sister London that takes place in October, just before the FIAC in Paris, in Regent's Park fast payday loan no faxing. It really comes out of the box because it takes the visitor far north of Manhattan, on an unknown island, but accessible by ferry, bus or taxi.

Randall Island which hosts the Frieze Fair. Photo credits: FRIEZE ART FAIR NEW YORK

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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Unicredit closed Tuesday, piteously, the ball of the annual results of European banks. As expected, the first Italian establishment has suffered a massive loss of over € 9 billion. After years of too-rapid expansion, the bank decided to move his record to steel wool, to "have no surprises in the future," according to Director General, Federico Ghizzoni. This momentary dip of Unicredit in the shallows of the European ranking – the institution displays the worst performance of the sector just after Dexia – illustrates the new hierarchy of banks.

2011 will remain above all marked by the sharp inflection, from the summer, the crisis in the euro area. Institutions of the countries attacked – Italy, Spain, Portugal, Ireland and Greece of course – all bear the scars. They charged a double shock: degradation of their national sovereign debt and recession in their economies against the backdrop of austerity. In this grim context, the first two Spanish banks, Santander and BBVA, have their own in the game With their exposure to emerging markets, they show profits down "only" 35% to 5.4 billion and 3 billion euros, despite a national real estate market devastated.

The challenge of regulation

Second great lesson of the banking hierarchy 2011: the resistance of so-called universal institutions, which rely on local networks, possibly spread over several countries, and financing activities and investment. The success of British giant HSBC and Standard Chartered, whose results have respectively increased by 28% and 12% in one year, illustrates this situation. The resilience of the French BNP Paribas, proud of its profit more than 6 billion euros and its three major European networks, is another variation. Conversely, the Swiss UBS and Credit Suisse, highly dependent on performance of their teams of traders and bankers, driving out of this year huge market turmoil. Their profits were down 44% and 62%.

The challenge of regulation

Deutsche Bank is a notable exception: despite its similar profile, the champion Frankfurt has completed a very successful year. Up 86% year on year, the result exceeds 4 billion euros. Market valuations of the front runners as broadly these capabilities beneficiaries. HSBC leads the pack with a value of 122 billion euros, while Santander, BNP Paribas and Deutsche Bank weigh respectively 58, 45 and 36 billion in stock.

If Dexia puts the finishing touch of color to the landscape reshaped by the financial crisis. The little French-Belgian bank, run contrary to common sense for years, has lost 11.6 billion euros in 2011. A disaster that financial regulators do not want to hear. To guard against this, they launched a vast banks race to the recapitalization, which will mobilize the entire sector in 2012.

The franchisor Monceau Fleurs he bitten off more than it can chew by acquiring Rapid'Flore late 2008 to become number one French? Three years later, the signs of indigestion were in any case become so important that the direction of the florist, which has 487 franchises in the Monceau Fleurs and Rapid'Flore and Happy, was forced to seek entry into backup procedure late last October. She feared not being able to meet its debt repayments -26 million euros, or 42% of its turnover in 2011 (61.8 million) – and wanted to concentrate on major reorganization, initiated a year ago .

Five months later, Monceau Fleurs is about to present its plan to emerge from the backup: the project of spreading the debt will be subject to creditors on April 2, and then to shareholders four days later. The downstream of the largest of these, Laurent Amar, grand-son of the founder of the group, which retains 68% stake in the florist does not have any doubt.

It is himself who decided to change everything or almost in the group he chairs, finding it necessary to surround himself "a strong and experienced team in the field of distribution and management of international companies ". The general manager was created operational for the group now operates in nine countries. It was given to Paul Mir, former Promodès, passed by PPR, Fnac and Kingfisher (Castorama …).

Market restructuring

The complete reorganization-finance, promotions, product management for roses and gerberas, as in the food-distribution shows its effectiveness free online credit report. Current operating income is again slightly positive in its last financial year (ended 30 September 2011), whereas it was negative by about 2 million euros a year earlier. However, this improvement is mainly due to a workforce reduction, increased from 205 to 170 employees grouped on one site in Villebon.

"We are busy making our size, coupled with the integration of Rapid'Flore, and the power of our three brands a real strong market also being restructured," said Paul Mir. According Xerfi, florists accounted for 54% of sales in value and 35% by volume of a market for flowers and plants by 2.3 billion euros. "Their market share, however, tends to fade for several years, primarily for the benefit of the garden," but also large food stores, says the firm.

Of a total of 15,000 florists in France, only 650 are members of a group, of which 490 are a Monceau Fleurs (in cities), Happy (with an offer based on decoration) or Rapid'Flore (in cities average). By offering more services to its franchisees, such as loyalty card or access to a new online store launched in the third quarter, Monceau Fleurs still hopes to strengthen its first position. But in a less risky.

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Six applications studied, including two in the presence of the insured. As now regularly in each region, a commission composed of doctors and administration members met Thursday at Rennes, to review applications for "retirement hardship" from persons with a disability rating of 10 professional and 20% following an accident. The examination of each case lasted five to ten minutes.

First case: a nurse, since a car accident in 1993, has a disability rating of 12%. "The changes in schedules and staggered hours are hard to live, pleaded Mrs. C. before the six members of the commission. With the broken pelvis and legs that I had, car travel and care that I practice with dependents are painful. "The question is whether the sequelae to the accident could have been caused by an occupational disease caused through exposure for seventeen years to occupational hazards (heavy lifting, alternating schedules, handling chemicals, extreme temperatures …). "The answer is yes," has in this case ruled that the commission has approved the retirement at 60 years of Mrs. C.

Sleeping pills to sleep

"This is the absurdity of the law, recognizes a member. Two employees who had the same exposure to the same risks will not have the same rights as that one had an accident and the other not. "Besides, to be validated, the effects must be included a "list" of occupational diseases published by decree. A list that does not include … including amputation of fingers and led to "reject administratively" number of requests. "If the finger got caught, it's happening is in the list," quips a medical officer. "It would sew the finger," says Gerard Riviere, President FO Board of CNAV.

Another issue: a maintenance worker in a factory producing poultry meat that has had two accidents left him with "sequels in the left shoulder with residual pain" and a disability rating of 18%. "The hardest work is the 3 × 8, explained MD I started this morning at 4:00 am and afternoon next week. I take sleeping pills to sleep and am embarrassed when I have to intervene in height. "In his case, he also indicated to be exposed to chemical agents. "He has been confronted with all its risks, has recognized a member of the Committee in view of his career profile. He complains primarily of night work but it's exposure to all other risk factors that calls for him. "This opinion.

After weeks of procrastination, Silvio Berlusconi now seems to want to accelerate the implementation of reforms in Italy. The panic that gripped the markets on Tuesday following the announcement of a referendum in Greece, weakened still further the country's situation. The President of the Council has convened yesterday a special cabinet meeting to approve the emergency plan for submission to the G20.

This meeting was preceded yesterday morning by a preparatory meeting involving key ministers.A tax on wealth was also considered.

For its part, the Bank of Italy said yesterday, after completing a "stress-test" on the public debt (equal to 1.9 trillion euros, or 120% of GDP), it was "sustainable and expected to remain stable or decline slightly over the next two years, although rates on government securities amounted to 8% and that growth is zero. "

"Be responsible"

Silvio Berlusconi pledged Tuesday to Angela Merkel to present the stimulus at the G20. The stakes are high for Italy, when the borrowing rate to ten years the country approaching the "point of no return."

The major index futures on Wall Street, announce an opening slightly lower on the NYSE. After four sessions of strong gains in a row investors should reap a share of their earnings per caution. Attention should be reinforced by several major deadline ahead.

Vote at high risk in Slovakia

Investors in the U.S. and Europe will continue to follow step by step développementsde the debt crisis in the eurozone. The latter is suspended by a vote very uncertain of the Slovak Parliament on Tuesday that could block the strengthening of the Financial Assistance Fund of the monetary union, the main instrument to hope to stop the contagion of the debt crisis, banks in particular.Investors also await the release later in the day of the minutes of the Fed and the announcement of Alcoa, the first tenor of the coast to announce its figures for the third quarter. The euro area, which has so far failed to stem the debt crisis, has the "political will" to overcome, reiterated on Tuesday German Chancellor Angela Merkel during a visit to Vietnam. Jean Claude Trichet, the outgoing president of the ECB, for his part said that "clear decisions" were necessary in view of the seriousness of the situation. He said the crisis has reached a "systemic dimension."

Berlin and Paris reassure markets

The willingness of the Franco-German recapitalize the banks and out of the spiral of debt crisis, like in Europe, supported investor sentiment for several days.Monday, U.S. President Barack Obama gave his full support "to the strategy of Nicolas Sarkozy and Angela Merkel." The latter, meeting in Berlin on Sunday pledged to respond "lasting and comprehensive peace" to the crisis in the euro area for the G20 summit in Cannes, 3 and 4 November. About the difficulties of the European banking sector, the two leaders said they were "determined to do whatever it takes to ensure the recapitalization of our banks." Again, the "details" will be specified later, they promised, while the EU summit scheduled for October 17 and 18 was postponed to October 23 to allow more time for officers to prepare a response "global" . Investors will pay particular attention to responses to the Greek question, the epicenter of the crisis.The leading European finance ministers, Jean-Claude Juncker, said yesterday that a discount of over 60% for creditors of Greece was possible.

First dance of Quarterly Results

In the U.S., the season of quarterly results of large companies to begin on Tuesday after the close of Wall Street. As usual, the aluminum giant Alcoa will kick-off for these publications. Follow in particular, PepsiCo Wednesday, Thursday, JPMorgan Chase and internet group Google and finally, Friday, Mattel. Analysts bet on an average increase of 13% earnings per share for the third quarter.

On the macroeconomic front U.S. investors await including the minutes of the last Fed meeting on Tuesday in 20 hours.

On the foreign exchange market, the euro is trying to go against the greenback.By late morning, the euro bought 1.3602 dollars against 1.3645 dollars late Monday. Oil is, him stable. The barrel of "light sweet crude" for November delivery gained 18 cents to 85.59 dollars. A barrel of Brent North Sea crude for November delivery gave a small 14 cents to 108.81 dollars.

Great success for the iPhone 4S

The side of values, Goldman Sachs should probably record a loss in the third quarter, which would be only the second quarterly loss in history of the giant Wall Street analysts expect Citigroup.

Apple announced its iPhone 4S has received one million pre-orders in the space of a day.By comparison, 600,000 pre-orders were recorded for the iPhone 4 in the first 24 hours.

Research in Motion announced Tuesday that its BlackBerry email and instant messaging were restored in Europe, the Middle East and Africa, nearly 20 hours after the crash reported in India and the region.

American Airlines announced a reduction in flights in coming months compared to the previous year, citing among other adverse economic conditions. American Airlines said its capacity during "the late fall and winter" would be reduced by 3% over the previous year.

The title of the group that Alcoa is required to publish its quarterly results after the market will be particularly surrounded.

The new stock markets plunged in Europe and the U.S.: the U.S. economy has not created any net employment in August, according to the latest statistics from the Ministry of Labour. Economists had forecast about 70,000 works. To further darken the picture, the figures for June and July were revised downward, respectively 46000-20000 and 117000-85000 payday advance online.

The unemployment rate, calculated on a different basis, for its part, remained stable at 9.1%. A level consistent with the forecast of analysts.

In the private sector, only 17,000 jobs were created, thanks to the dynamism of services. But this positive effect was offset by job losses of the same magnitude in the public sector.

In May 2010, McDonald's France was a sensation with a TV spot in which a teenager going on a phone call to her boyfriend before having lunch with his father, who explains that, as he did at that age, it could be a 'real card with the babes. " Advertising has been around the world. In the original French with subtitles in English, it even triggered a controversy in the United States. The conservative Fox News channel has even made a field day. Sacrilege: great American brand in the gay friendly side!

In this spot, designed by BETC Euro RSCG, is not known if the son ends up coming out to her.But the statement by McDonald's, which has declined in all genres, is very clear that you're straight or gay, black or white, young or old, rich or poor, we do not judge, "just like you are. "

Before, we criticized the pub not to be representative of "visible minorities", not to be sufficiently "black-blanc-beur". Today, the debate has shifted to the "non-visible minorities" and still gets carried away on the issues of communalism, which are still taboo in France.

10% of "non-white"

The proportion of ads depicting characters perceived as "non-white" compared to the total advertising (TV, press and poster) distributed and reviewed by the Regulatory Authority's professional advertising (ARPP) reached 7% in 2008 against 3% in 2005, and this share has increased further since then, around 10%."Racial minorities are now represented quite rightly, said Ingrid Zerbib, image editor for the magazine Strategies, who viewed all the ads that come out in France. The next step is in progress. Homosexuals, the disabled and the sick are increasingly visible. "

McDonald's campaign has been emulated. Krys posted Orangina or gays in their pubs. Personalities with disabilities such as Down syndrome Pascal Duquenne for the virtual mobile operator Simyo, or the blind Gilbert Montagne, for heating specialist camera, turned in spots. Diseases are also commonplace."You can be sick without stigma," said Anne Ramon, communications director of the National Cancer Institute (INCA), the last campaign "I am a person, not a cancer," conducted by the agency La Chose , seeks to change social perceptions of one of the most widespread diseases in France.

In another, more commonplace, but also an affirmation of reality: that of the Community consumption, with the campaign launched last year by the brand halal Isla Delight "Proudly halal." On the occasion of Ramadan, for the first time in France, the brand was as diverse a reference food, free of any cliché. "This campaign is a marker, decrypts the marketing consultant Jean-Jacques Urvoy.The brand was treated as the French leader Charal. "On a halal market estimated at over 5 billion euros – and therefore highly competitive – the whole trick of the ad was to challenge the EU labeling, while displaying a rooster and a Charolais beef! A war of images in a way.

The anonymous CV will remain "a possibility among others", and will ultimately not generalized to all companies with more than 50 employees. In the law on equal opportunities in 2006, this measure of fight against discrimination is now increasingly popular. "I do not think the anonymous CV should be an obligation," said first Echos to the Commissioner of the Equal Opportunities Sabeg.

Before publishing the decrees of the device, the government had requested a progress report. By the Centre for Research in Economics and Statistics (CREST) ​​in conjunction with employment center, the evaluation was very critical.

In a note published in July and the conclusions of Crest, employment center points out that the anonymous CV does not improve the chances of access to interview candidates from immigrant backgrounds or areas sensitive urban. He even tends to reduce them: the anonymous CV, and diminish their chances by 9.6% to 4.6%.

Experimental bias

The organization provides two explanations for this paradoxical result. The first is that the anonymous CV would not allow the recruiter to put certain negative elements of the CV, such training less prestigious or less experience, according to social background or age of the candidate. Something that would naturally some recruiters.

The second reason to do more to challenge the findings.The experiment conducted between November 2009 and November 2010 would be biased as carried by companies sensitive to issues of discrimination, practices that would lead usually proactive in recruiting minorities. The anonymous CV so would deprive them of a way to diversify the profiles of their candidates.

One tool among others

Employment center stresses, however, that anonymous CV is generally less attractive to a recruiter a resume registered. Hence his concern that candidates applying via an anonymous CV will do also in turn be subject to discrimination compared to those who apply via other channels. All these observations lead the institution to question the need to generalize this scheme. A judge concluded that option "not possible".

Sabeg remember his part that "the government must decide" on this issue.But once staunch supporter of the measure, he argued today it remains a recruiting tool among many, "that some companies use successfully elsewhere," says he. To promote access to employment of diverse routes, employment center said meanwhile that other routes exist. Recruitment or without CV questionnaires skills are few.

The anonymous CV effective for women

If the anonymous CV is based on the Crest ineffective for candisats immigrant and Zus, it is however for gender discrimination. Indeed it has the advantage of counter behavior "hemophiliacs" recruiters. Behind this phrase lies their spontaneous tendency to favor the candidates of the same sex."When the interviewer is male, the probability for a woman to access the interview with a CV is registered 16.6 points lower than that of a man," is employment center. Recruiters prefer women as women, but to a lesser extent. The anonymous CV will reduce this inequality significantly, the study provides.

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