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Debt: Europe adopts an anti-crisis

Portugal is in deepening crisis. A few hours apart, rating agencies Fitch and Standard & Poor's (S & P) lowered the rating of the sovereign debt of Portugal two notches because of "heightened political uncertainty" following the resignation of Prime Minister Jose Socrates. S & P added that it could cut another notch note of Portugal, according to the result of discussions between EU leaders, meeting Thursday and Friday summit in Brussels.

Thus, Europe has the means to fly to the rescue of Lisbon. Leaders Unuion (EU) have in effect endorsed on the night of Thursday to Friday a comprehensive system of protection against debt crises. After several months of negotiations, "the various elements of the project came together today," said EU president, Herman Van Rompuy.As expected, the actual capacity of the Fund's lending support to countries in the Eurozone in trouble is brought from 250 to 440 billion euros. States had already agreed on the creation of a permanent fund with a lending capacity of 500 billion euros. To achieve this, it is expected that the euro zone countries pay from mid-2013 some 80 billion euro capital injection.

Merkel gets concessions

Also, German Chancellor Angela Merkel has made Thursday night in Brussels spreading in time of national contributions of 22 billion euros in total, for the year 2013 will be her year of election and intends to relieve public finances. States pay their dues in five equal installments beginning in 2013. The remaining resources of the Facility will consist of guarantees and capital said to be eligible.Also new: the Relief Fund will directly purchase government debt states in difficulty, in exchange for a strict savings. The support mechanism is a priority for the countries of the monetary union. But it is also open to EU countries not members of the area euro.A this stage, only five of them accepted the invitation: Denmark, Romania, Latvia, Bulgaria, Lithuania and Romania.

Twenty-seven and are particularly supportive screw via Lisbon "Portugal will not be left alone by other Europeans," said Jean-Claude Juncker, a leading finance ministers of the euro area. If Lisbon on request, with 75 billion euros could be assigned. For comparison, Greece had received a loan of 110 billion and Ireland to 85 billion euros.But for now, Portugal, deprived of government, is unable to seek help from Europe.

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A collection of clothing scratched Nelson Mandela

The symbol becomes a claw. Nelson Mandela Foundation, which obviously would not work without the anointing of the former South African president, will launch in August, a clothing line, 46664 Apparel Line. The name of the collection is inspired by the number of prisoners (466) worn by Nelson Mandela in 1964 at the prison on Robben Island, located off Cape Town, South Africa. The hero of the struggle against apartheid has spent 27 years in prison before becoming the first president in 1994.

"46664" will appear soon be on a range of clothing for men and women in bright colors rather comfortable but which will be marketed this summer in South Africa before setting off to conquer Great Britain and the United States, probably the next year. The idea of ​​using this symbol is not recent.It was first used in London, during a concert to raise funds for the fight against AIDS.

By engaging in fashion, Nelson Mandela is a double hit: first, it raises money for his charitable works and secondly it contributes to the economic revival of the textile industry of South African problems. Already singer Bono of "U2" has taken this path by creating its range, called "Edun", intended also to provide work for African workshops fast payday loan no faxing.

Agreement with the largest garment manufacturer in South Africa

Mandela has been even greater since the agreement was negotiated with the group Seardel, the largest garment manufacturer in the country which the designers have designed the first collections.But many South Africans, however, will not afford to buy clothes "46664": about $ 26 for a t-shirt, $ 86 for a polo. For the record, Reuters said that the minimum wage of a farm worker is less than 200 dollars and a quarter of the workforce has no job …

No portrait of Mandela on clothing

Besides direct sales, the clothes will also be available via the Internet. The money raised will fund development projects in Ghana, Tanzania and Mozambique. The Nelson Mandela Foundation will receive his tithes, between 7% and 9% of turnover and a premium of about $ 143,000. No portrait of Mandela appear on clothing. His lawyers remain particularly vigilant on this point, and threaten to take him to court those who would use the famous number "46664" without informing the foundation.

Oil Tripping the Cac 40

After the nice gains yesterday on Wall Street and in Asia this morning, European stock markets saw their rate of increase slowed even fall into negative territory. In Paris the Cac 40, which closed yesterday up nearly 1% beyond 4100, declined by more than 1% to 4067.15 points after leading much of the day. The CAC 40 suffered profit taking after several fine sessions of gains. Investors worried about the risk of contagion of violence in the Arab world to major oil producing countries, like Kuwait or Oman.

On the foreign exchange market, the euro continued to rise against the dollar on Tuesday, still supported by persistent speculation about an early monetary tightening in the euro zone before the policy meeting of the European Central Bank (ECB) on Thursday.To 17 hours in Paris, the euro bought 1.3816 dollars against 1.3803 dollars late Monday.

Registrations of new cars bound

Tuesday, statistics aside, the European Commission announced expect a growth of 1.6% for countries in the euro area this year, up 0.1 points from previous projections, despite rising prices Oil and debt problems of some countries. Note, however, inflation accelerated again in February in the eurozone to 2.4% yoy from 2.3% in January, according to a first estimate Tuesday of the EU statistics office Eurostat. Still according to Eurostat, unemployment in the euro area fell to 9.9% of the workforce in January, after at least 10% in almost all of 2010.Also note, the growth of French manufacturing activity accelerated in February, according to final results of the Monthly Markit published Tuesday.

Registrations of new cars jumped 13.7% in France in February, still enjoying the effects of scrapping, according to figures released Tuesday by the Committee of French Automobile (CCFA). Registrations of Peugeot SA climbed 10.7% and 15.2% of Renault. The CAC 40, Peugeot SA and Renault respectively lost 1.64% to 28.54 euros and 2.23% to 43.42 euros. Furthermore, Peugeot SA is considering a name "low cost" for Europe, but has not yet taken a decision thereon, said Tuesday its chief brands, Jean-Marc Gales at the Geneva Motor Show .

Note also challenge Toyota, Peugeot and BMW in the hybrid car.The two groups will invest 100 million euros in their joint venture. Research and procurement will be located in Germany, while production of components will be located in Mulhouse.

In Paris, the luxury group LVMH with doing well, which accounts 0.17% to 114.70 euros. Investors ignore the departure of Galliano Dior. His rival, PPR advance more (0.86% to 110.95 euros)

Technicolor has reduced its losses in 2010

Sales of the former Thomson – on the brink of bankruptcy in 2009 – have rebounded throughout the year. The net loss of 69 million has been divided by five.The title is sanctioned: -5.66% to 5.17 euros

Vivendi (-1.31% to 20 business cards.39 euros) projects a slight increase in its profits and maintaining a high dividend in 2011 after posting 2010 earnings in line with expectations, the economic daily reported Tuesday Voices.

Steria (-1.25% to 22.57 Euro) announced Monday anticipate an acceleration in organic growth in turnover in 2011 against a backdrop of improving the IT services market, but its margin is expected to remain stable against 2010.

Remy Cointreau: + 2.74% to 50.01 euros specialist in wines and spirits to be announced Monday night entered into exclusive negotiations with the PPE Group for the sale of two brands of Champagne Piper-Heidsieck and Charles Heidsieck.

Bureau Veritas (-0.45% to 55.70 euros) on Monday published the results in 2010 net growth due to emerging countries and said to anticipate further strong growth in sales and operating profit in 2011.

Ingenico: -1.66% to 26.98 euros The group announced Monday night that he might have to raise its medium-term objectives, set for 2013, on the basis of year 2011 for which he anticipates growth organic turnover and improved margins.

Casino Guichard (unchanged at 70.98 euros) wants to sell assets for 700 million euros.The group expects an increase in sales of more than 10% annually over the next three years, but shows a 7% drop in net income in 2010 to 550 million euros in 2010 against 591 million euros a year earlier.

Carrefour (-1.71% to 34.79 euros) and the Alliance Boots company announced Monday an agreement of long-term cooperation in the field of cosmetics. Both groups will also explore partnership opportunities in emerging countries in the field of health.

GDF Suez degraded by UBS

GDF Suez, the second largest European utilities in terms of turnover, is studying the possibility of selling its gas distribution network in Italy as part of a transaction that can represent 750 million euros. Value (-2.13% to 28.75 euros) suffers from a lowering of recommendation from UBS, spent "neutral."

Dried Environment (-0.49% to 66.35 euros) on Monday published the results in 2010 rising, driven by the treatment and recovery of waste, and it was announced a further increase in current operating profit in 2011.

April Group (-2.25% to 22.38 euros) announced Monday a 9.6% increase in net income in 2010 for increased income from investments and the sale of nonstrategic assets .

Damartex (0.46% to 21.70 euros) announced Monday a Damartex Monday announced an increase of 17.5% in operating profit in the first half of 2010-2011 ended in late December, to 23.4 million euros thanks to improved sales and profit margins.

Predica, a subsidiary of Crédit Agricole Assurances and Land Wall announced Monday it had signed with the Louvre Hotels Group protocol to acquire a portfolio of 33 hotel properties operated under the Campanile.

Bank stocks support the CAC40

ACC 40poursuit its momentum, driven by corporate earnings considered in good order. At the close, the index in Paris gained 1% to 4151,26,14 points in trade volume expanded (4.59 billion euros treaties). Elsewhere in Europe, optimism was also practiced. The Footsie-100 from the London Stock Exchange ended on a rise of 0.80% to 6085.27 points and the Dax in Frankfurt Stock Exchange has eaten 0.19% to 7414.30 points.

On the macroeconomic front, the news was mostly American with the publication of figures on many indicators for the month of January. Rather mixed, but they can not reverse the upward trend observed since the opening.In January, housing starts in the U.S. rebounded more than expected, 14.6%, while building permits fell more than expected, 10.4%.

Higher-than-expected also for producer prices in January, they (seasonally adjusted) advanced 0.8% over the month, against 0.7% expected by analysts.

Finally, industrial production fell 0.1% in January, penalized by the return of harsher winter temperatures. An unexpected drop in the consensus building on a 0.5%.This is the first decline since June 2009.

On the foreign exchange market, the euro gained ground Wednesday against the dollar bending under the weight of disappointing U.S. figures published yesterday, but the single currency remains under pressure as concerns about the fiscal health of the fragile zone Euro persistent.Vers 18:00 to Paris, the euro bought 1.3581 dollars against 1.3488 dollars on Tuesday at 23:00.

Societe Generale its dividend multiplied by seven

On the podium of the largest increases in the CAC 40, are banking stocks, buoyed by the good results of Societe Generale. It wins 4.86%, to 51.24 euros. Credit Agricole took 4.76%, to 12.21 euros and Natixis jumped from 3.56% to 4.16 dollars. Sanofi-Aventis follows (3.51% at 51.55 euros), supported by the announcement last night of an agreement with U.S. biotech Genzyme.

In contrast, PPR, which reports tomorrow, shows the largest decrease (-2.07% to 113.40 euros) in its wake LVMH (-0.97% to 116.90 euros).

Societe Generale: + 4.86% to 51.24 euros

Meanwhile, good news comes from the results published by companies, including Societe Generale. After publishing the results in line with market expectations, the banking group has increased its dividend in September by Societe Generale in its wake Credit Agricole (4.76% to 12.21 euros), BNP Paribas (+2, 93% to 58.97 euros) which must publish its results tomorrow, Thursday before the opening of the Bouurse.

Banks also benefit from a buoyant economic environment and the easing of tensions on sovereign debt, while the Eurozone is currently developing measures to help the troubled country.

Sanofi-Aventis: + 3.51% at 51.55 euros

Another announcement that should be reacted in financial markets, even if she was waiting for: the acquisition by Sanofi-Aventis U.S. biotech Genzyme. The two groups have reached an agreement in principle after the French laboratory which will provide $ 20.1 billion plus a certificate of conditional value.

Renault: 0.34% to 45.82 euros, Peugeot: -0.65% to 29.83 euros

For the EU, new car registrations fell 1.4% in January to 1,041,650 vehicles, announced Wednesday the Association of European Automobile Manufacturers (ACEA).Renault sales fell by 5.2% and Peugeot, 3.4%.

A new salvo of results

Atos Origin: + 0.02% to 41.36 euros

Atos Origin has more than tripled its net profit in 2010 to 116 million euros, indicating that they had "achieved its objectives."The group is confident for 2011.

Imerys: -0.23% to 51.52 euros

Imerys will rely on the growth of demand in its markets, particularly in emerging countries and in the paper and steel, to take over the restocking that has supported its findings in 2010, told Reuters its general manager.

Euler Hermes: -2.67% to 73.00 euros

Euler Hermes announced Tuesday a strong rebound in its annual results, driven by a drop in claims, and the resumption of a dividend to its shareholders.

ADP + 0.85% to 65.06 euros

ADP reported a January traffic up 5.5% from 2010.

Bic: -2,16,06% to 62.93 euros

The group of stationery and disposable Bic has made a net profit up 36.7% to 207.5 million euros in 2010, thanks to gains in market share and reported a very good start 2011.

Orpea: + 0.25% to 34.68 euros

Orpea reported Wednesday in a double-digit growth of its business in 2010, supported by organic growth of 8.7% and its external development. Group homes was confident for 2011.

After market, it was the turn of Bricorama (turnover in the fourth quarter) and Icade (results in the fourth quarter) to submit their figures. Is also awaited the outcome of the meeting of the Monetary Policy Committee of the U.S. central bank, held tonight at 20:30.

Renault investigators seeking evidence

Following the media intervention of Carlos Ghosn, CEO of Renault, the tension was far from settled. Monday in the offices of his lawyer, Christian Charriere-Bournazel, Bertrand Rochette, one of three executives fired for "industrial espionage", insisted he would not be the scapegoat in this affair. " The gaunt, emaciated but feisty, he told her "feeling of being trapped in a machine, a system in which there are very important interests."

In charge of the investigation, more than ever in the Central Directorate of Internal Intelligence (DCRI) is the responsibility of delivering the necessary clarification of this spy case. However, investigations begin with difficulty.According to our information, the cons-espionage, acting as part of a preliminary inquiry on January 14 by the Paris prosecutor, had still not on Monday obtained a copy of the private investigation involving three senior before Christmas and sent to the leaders of the group. The police are still only a mere reconstruction of verbal conclusions reached by this mysterious pharmacy.

Last Friday, Marc and Dominique Tixador Gevrey, two security officials the manufacturer, were heard as witnesses to verify certain aspects of the case. They had been entrusted to conduct discrete research after receiving an anonymous letter accusing the end of August, namely two frames.A source familiar with the matter said Monday Figaro they called a "foreign intermediary, based out of Europe" that was then "outsourced the job" for small hands to get a series of "information "in four months. Namely the discovery, for the modest sum of 50,000 euros, an alleged secret payments system of bribes bribes from big Chinese companies, through intermediaries in Shanghai, Hong Kong or the Isle of Malta, on accounts in Switzerland or Liechtenstein.

"About nuanced"

Under what conditions this "mechanical" rather sophisticated Was up? The hypothesis of a "Tricoche," that is to say, getting "tips" in dubious circumstances by public officials or employees unscrupulous rounding their monthly on behalf of pharmacies, do not appear rejected payday loans with no fax."The DCRI will take time and go to the end of this investigation," an official confided Monday, revealing that "everything that was done before the entrance ramp of cons-espionage has no legal value" . Clearly, only the police investigations will finally provide valid evidence and admissible in the proceedings.

For its part, the manufacturer maintains that, in this case, the information that led to the dismissal of three executives "were combined in a legal manner." Nuancing the words of Carlos Ghosn, who spoke on TF1 evidence of "multiple," a spokesman said the group had never claimed to "have evidence" but that "he had sent a number of elements to justice. " Relying on the findings thereof, the manufacturer does not implicitly have been a victim of manipulation.

For Pierre-Olivier Sur, the lawyer Michel Balthazar, statements by the CEO of Renault in the media on Sunday, show that his client "is de facto exonerated," as it was, by his position as director of " upstream projects and benefits "," keeper of secrets, or the complaint does not address these issues, "but the business model for electric cars.

According to sources familiar with the matter, defenders Michel Balthazard could seek the counsel for Renault he is with them in the complaint "for false report" filed by their client. This complaint was not, in fact, Renault, but the author of the anonymous letter that started it all.

The state is still struggling to control their expenditure

This is one of the leitmotifs of government: to bring its public deficit to 3% of GDP in 2013 to contain its debt, France must first reduce spending. Because the other option – massive tax increase – would kill growth. And then the level itself of high public spending (it absorbs 56.6% of national wealth) suggests some leeway.

To achieve its objective, the government has set rules, particularly on government spending, a priori more "controllable". Each year, the total expenditure of the State should not grow faster than inflation, while expenses, excluding charges, debt and retirement of civil servants must remain constant in euros. One way to keep the budgets of ministries whatever surprises on the burden of debt.

On paper, the proposed 2011 budget meets the road map.The state spending rose only 1.3% to 1.5% inflation. Excluding fees and expenses of debt and pensions remained stable at 274.8 billion euros. But in detail, the picture is less rosy. Because the state has always so difficult to control certain budgets.

In May, Francois Fillon announced that the operating expenses (expenses associated with the policies carried out mostly in the office) and non-staff operating costs were reduced 10% by 2013 and 5% in 2011. Yet in its report on the Finance Bill, Philippe Marini, the UMP rapporteur of the Budget in the Senate, said that the operating expenses will decrease by 1% next year, to 58.9 billion. At Bercy, it contends that "the effort should not be calculated from the 2010 level but compared to the natural drift of expenditure.In 2011, they will be 5% lower than they would without the measures taken by the government. " In fact, the executive decided real savings: it reduces the number of contracts and helped cut out the exemptions from payroll taxes (including employment at home). But it also has a subterfuge, by reallocating some costs to other agencies. The State "share" and the financing of vocational training with social agencies for 330 million …

Social benefits and wages of civil servants

Especially, the government did nothing to stop the drift of social benefits. Bercy had planned to curb the rise in the allowance for disabled adults and to prevent the accumulation of individual housing allowance (PLA) with a half-share of family quotient.But, faced with protests, these projects were abandoned.

More surprisingly, the state firm grasp its operating costs. Including its payroll, as pointed Gilles Carrez, the UMP rapporteur of the Budget to the Assembly in its report on the Finance Bill. Despite the non-replacement of retiring in two, staff costs excluding pensions will increase from 700 million in 2011 to $ 82.7 billion. The reason: fewer retirements and skidding all bonuses paid to employees. "But by 2012 the payroll decline", says it does at Bercy.

Furthermore, savings are low on operating expenses in the strict sense, despite the streamlining of procurement, information technology and other charges as part of the general revision of public policies. Next year will be lower than 2% (barely 200 million).Admittedly, 2011 was marked by exceptional operating expenses of $ 400 million, principally for the French presidency of the G20. But the State did not offset by additional cuts. Even if there's progress in ministries and parastatals if (Météo France, museums, etc..) Are better controlled, the state is still far less strict than a business.

Transportation strongly perburbés

The boss Bernard Thibault of the CGT predicts a movement "more powerful" than before and that is "anything but a symbolic gesture." The Inter confirmed another day of action this Saturday, October 16. In several sectors, notably transport, energy, public service or refinery, the federations have called for strikes renewable.

Transportation

• SNCF

The seven federations of railway (CGT, UNSA, Southern Rail and Fgaac-CFDT, FOR, CFTC, CFE-CGC) have endorsed the principle of a renewed strike on Monday evening at 22:30.

All night trains in France and abroad, with the exception of the Paris-Rome, were canceled.

On average a TGV Paris-province runs of 3, 1-TGV Province Province of 5, almost 4 in 10 Transiliens rush hour, 4-B of 10, and 1 day on Reef 3.Téoz traffic is assured because of a train on average 3.

Outbound traffic was normal for the Eurostar to London, Thalys and 8 out of 10 will roll into Belgium and the Netherlands. Two out of three trains are scheduled to Germany, and 8 out of 10 trains to Switzerland.

Information:

http://www.sncf.com http://www.infolignes.com http://www.abcdtrains.com

Hotlines:

0.805.90.36.35 for Outline, TER, and Intercity Téoz 0.805.70.08.05 for Transiliensncf.mobi for real-time access to information on mobile

• RATP (Paris Metro)

The CGT, Sud, FOR and CFDT RATP filed a notice of indefinite strike from October 12.The union UNSA-transport, which includes drivers of subway, RER, buses and trams, himself has decided not to call workers to strike.

At RATP, "the service is also in line with expectations, even slightly better than expected," said a spokesman.

– Metro:

Lines 1, 11, 14: Traffic normalLigne 6: three trains on quatreLignes 3, 3a, 4, 8, 13, two trains on troisLignes 2, 5, 7, 7a, 9, 10, 12: a second train

– Buses and trams:

Three out of four bus ride and should be almost normal traffic on the network of trams. T1 only three trains will run on four.

– RER:

RER A: a second train, with an interconnection maintained at Nanterre Préfecture

RER B: a train every five rush hour. Station Denfert-Rochereau is the starting point and terminus for all trains.

Information:

http://www.ratp.fr

Freephone:

0.800.15.11.11

• Urban (by province)

The notice of strike filed by the CGT federation covers the period from October 12 to 30 in transport in provincial towns. Strike notices were filed by 85 companies of 111 urban transport networks.

– Of these 85 networks, 49 of them have filed strike notice 24 hours non-renewable, as at Aix-les-Bains, Arles, Clais, Cannes, Dunkerque, Lille, Limoges, Lyon, Nice, La Rochelle, Toulon, Tours and Vienna.

– For 29 of them, foresaw these have a renewable period of 24 hours, as in Angers, Avignon, Bourges, Grenoble, Marseille, Montepellier, Nantes, Rennes and Toulouse.

– Setp networks filed a notice of less than four hours in Agen, Beziers, Brest, Forbach, Saint-Malo, Saint-Nazaire and Tarbes.

• Air France

Side air, about 30% of flights were canceled at Paris Roissy airport and 50% at Orly airport.

Useful numbers: 36.54

• Ports and Docks

Ports and Docks The CGT has called for renewed strike in all ports of France from Tuesday in all sectors (cleanliness, rail and airport handling, fish trading, river transport, marinas and marine).

The National Federation of Maritime Unions (FNSM) CGT also called marine commerce and fisheries in renewable strike starting on 12 October.

• Public

The General Union of Federations of staff-CGT (CGT-UGFF) announced Thursday the filing of a notice of strike action covering the period from October 12 to 18 inclusive cons of pension reform.The CGT has also filed a notice covering all public services until the end of the month.

For its part, the Federation of Public Service CGT said in a statement it had filed a strike notice covering the period from October 12 to 30.

• Education

The SNUI-PP, first union at the first level (nursery and primary schools), and the SNES, the main union for secondary school teachers, called the strike for the day of 12 October. According to the Ministry of Education, the strike rate expected in the first degree is 27.17% against 33.53% during the strike of 23 September. No figures are available for the second degree.

Unions and students FIDL UNL invite students to demonstrate alongside employees. The main student union, UNEF, called for a day "facs dead." South Students also calls for the mobilization in all universities.

• Job center

Solidarity Federation South-job calls for a renewed strike after October 12 and filed a notice to that effect by day 24 from 13.

• Energy

Five unions (CGT, CFDT, FOR, CFTC, CFE / CGC) called the strike on Tuesday. The CGT has filed a notice of indefinite strike in the areas of gas and electricity from Tuesday, which could lead to walkouts at EDF and GDF Suez, announcing cuts costs and cuts targeted at certain enterprises or on public buildings.

CGT federation of chemistry, on which the employees of the oil sector, also calls for renewed strike.

Ten refineries in France over 12 voted in favor of the strike, including eight in favor of a renewed strike. The 13th French refinery in Dunkirk, voted to strike but does not produce more oil since 2009.

While officials at oil terminals at Fos-Lavera enter their fourteenth day of the strike, the refinery from Total-La Mede began Sunday procedures shutdown progressive and the Donges refinery (44), which supplies all the western France.

• La Poste and France Telecom

Sud PTT union, second largest union at La Poste and France Telecom, called for renewed strike in two public companies from Tuesday.

• Audiovisual

Unions CGT, FOR and CFTC France Televisions filed their notice of strike renewable.

• Judiciary

The Union of Magistrates (DM), at the left, calls a strike on October 12 while the other union body, the Union of Magistrates (USM majority) advocates a more moderate.

Noting that judges have no formal right to strike, it does not use the term, but called on its members to refer non-emergency hearings on October 12.

• Prison Service

CGT-prison has filed a strike notice to all employees of 12 to 18 October.

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Owners unemployed longer

Purchasing a home he would have set a shot in the ankle? in a forthcoming report, and unveiled on Thursday by the daily Les Echos, the Center for Strategic Analysis (CSA) establishes a correlation between unemployment and homeownership rates. According to the findings of Clement and Mahdi Ben Jelloul Schaff, two economists from the body attached to the prime ministry, "countries with the highest rates of home ownership are at the same time, those familiar with unemployment rates higher" .This observation is easily explained by them: the fight against unemployment through greater residential mobility of employees, ownership of an apartment or a house becomes troublesome when it comes to anchor a new search ext.

Of course, in France, where the proportion of owners is far below the European average, the property is not sufficient to explain the high unemployment rate. Economists point out however that the correlation is still visible. "If we compare individuals of the same socio-professionally in France, a homeowner takes longer to find work as a tenant, the duration of unemployment is about 30% higher, resulting in a higher proportion of unemployed among the tenants of the same socio-professional category, "says Clément Schaff cashadvance.

Obstruction of taxation

CAS does not take much to jump to conclusions. For the body, the France of owners required by the President of the Republic is not bad in itself, but this idea requires accommodations. To find a job elsewhere, the owner must indeed be consider selling his property and therefore pay transfer taxes, or rent it and in this case pay both rent for his new residence and tax on rental income that it collects.

The report examines various proposals to address this dilemma. It advocates the establishment of the deductibility of rents paid by tenants of landlords rent receipts, and relief transfer taxes.In return, local governments who receive those rights could raise a new tax so that local people are not moving only to pay mobility.

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Lucien Barrière will be listed on October 1

Groupe Lucien Barriere, which owns 37 casinos and 14 upscale hotels, on Thursday morning gave details of its forthcoming IPO. The quotation of Lucien Barriere begin Oct. 1 in compartment B of the Paris Bourse.

The price of each share at the time of entry into the Paris market will be between 16.10 and 19.60 euros, a price deemed "reasonable CEO Dominique Desseigne, broadcast on BFM this morning. That values the company between 575 million and 702 million euros.

The boss praised the project for fundraising in the financial markets because it represents "an important step in the development group."Lucien Barriere has "many assets to accelerate growth, further improve its performance in qualifying prospects rebound in the leisure industry, and create value for its shareholders," he said.

Synergies to

Dominique says Desseigne have thought about a "new concept" to counter the effects of the crisis and the abolition of smoking in its casinos. He tries to play "two-way synergy between the explosion of Internet poker and casino hard." Thus, the universe of the Internet "loves to confront" face-to-face with the reality of casinos and vice versa. "Similarly, casinos and hotels remain "together" because the synergies are strong between the two activities, particularly during poker tournaments that host hundreds of playing internationally.

Lucien Barriere announced Thursday that its website will be launched online poker on September 17 in the evening. To launch this new product, Lucien Barriere has partnered with the French games. Together they want to become the national champion of poker on the Internet.

Accor will sell 49% stake

The hotel giant will sell all its shares in Lucien Barriere, a 49% stake, or 17.5 million shares.The assignment of Accor participation "part of its strategy to focus on hospitality, its core business," said Accor.

The capital structure of Lucien Barrière will she family? Yes, says Dominique Desseigne on BFM, Asura he remains firmly at the head of the group.

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The owner gets to carpool Ucar

"The rental cars, it can be free." Thus Jean-Claude Puerto Salavert, President of UCAR, praises the new concept of "self-mobility" deployed by the rental of vehicles, in partnership with the site Covoiturage.fr, the leader of the carpool centralizes more than 85% of ads placed in France. The two companies signed an exclusive agreement to launch a carpooling service in the car rental agencies.

A concept called "Ucar Station." Customers renting a vehicle in an agency Ucar offering this service via the Internet or through the iPhone application Comuto. In their book, they are offered to reduce the cost of hiring by welcoming passengers. If they accept this principle, their offer is immediately relayed to the site Ucar.covoiturage.fr. Passengers involved and the driver's expense (rental, tolls, fuel, etc..).

The maximum rate of 6 cents per kilometer drive from Paris to Lyon costs about 30 euros, while Paris-Nantes costs 25 euros and 40 euros from Paris to Bordeaux, argues Ucar. "We will not raise rates during periods of heavy traffic," says Jean-Claude Puerto Salavert.

For now, this service is available in a dozen cities, including Paris, Lyon, Marseille, Lille and Bordeaux. The owner plans to open 25 "Ucar Stations" this year and 50 in 2011. "Each of our 250 branches in France aims to become one Ucar Station," says the boss of Ucar, which means "upset the field of car rental.

The promise of low prices

"Today only 6% of the French lease vehicles because they consider prices too high," says Jean-Claude Puerto Salavert. Ucar has thus specialized in renting cheaply, including by launching its offer "24 hours for 24 euros.Its positioning has attracted 500,000 customers in 2009. By offering carpool services, Ucar's goal is to attract 100,000 additional customers in one year.

The launch of "Ucar Stations" and that, three days before the first National Day of carpooling, scheduled Sept. 17, is a strategic choice which is riding a trend fast cash now. Carpooling, which allows users to save, has the wind in their sails. "Owning a car is a cost of 6000 euros per year on average," said Frederic Mazzella, president of Covoiturage.fr.

According to a TNS Sofres poll conducted for the website in December 2009, 48% of French people have a workplace served by public transport. Yet, 84% of trips in France is by car. Carpooling, however, has only 1% of followers, according to a study published in August Regus Group."The potential of carpooling is immense, and our website is growing exponentially," said Frederic Mazzella, who do not communicate in the turnover of Covoiturage.fr, stating only that it has reached "hundreds of thousands Euro "in 2009 and carried 1.5 million people.

The Green Wave

A more promising potential as carpooling lampooned the ecological argument, in which consumers are increasingly attentive. Covoiturage.fr has calculated that its activity has saved 90,000 tonnes of CO2 in 2009. "Our success also depends in part on the network effect," said President Covoiturage.fr. The site is not just a search engine proposed shared paths, but also a real community, which has 750,000 members so far.

Finally, Covoiturage.fr diversifying its business by marketing its services.The site has already signed partnerships with several companies – such as Castorama, Vinci, Carrefour, Ikea, Vinci, Stade de France and the RATP – to whom it provides platforms carpool white label. Services that these partners are in place for their own customers or to their employees. Carpooling is undoubtedly a means of transportation that is gaining ground!

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