New onset of fever to SNCM. During one week, a dozen sailors were delayed for one hour each day the ship departs The Corsican liaising Nice L'Île Rousse. They demanded an adjustment of their pay with that of other marine company. They succeeded, and The Corsican found Thursday its normal pace.
This social movement falls at the worst time, tourist season and while the company controlled by Veolia has also lost market share in the first half. Its traffic decreased 7.1%, one of Corsica Ferries increased by 17.5%. Moby Lines, the latest newcomer, received nearly 33 000 passengers in three months.
"Our main concern is with Moby Lines are denied benefits that help the passenger, and Corsica Ferries.With the current system, they can only gain additional market share, "worries Alpozzo Frederick, Secretary General of the CGT SNCM seafarers. For the union, the welfare system to the passenger distributed by the local authority Corsican airlines operating out of Nice and Toulon is "antagonistic" to that of the public service delegation (PSD), benefiting SNCM and CMN from Marseilles. "This is not a compensation of public service but a premium for social dumping," Frederick Alpozzo ton.
Risk of losses in 2010
A report commissioned by the government pointed the problem. The ball is in the camp community Corsican. A special session is scheduled in September to review all aid to maritime transport. "SNCM is in a delicate position.She could ask to not go after the convention of CSP, which expires at the end of 2013, we recognize the Corsican Transportation Agency (CTA). Out of the red in 2008, SNCM has gained nearly 18 million euros in 2009 thanks to a gain on disposal of a vessel (26 million). The CTA believes that the company's losses could reach 20 million this year. To make matters worse, if a new DSP is launched, the agreement could exclude ferries operating at peak periods. She would come into force in 2012. Suddenly, the reduction plan envisaged by the SNCM fleet in February, dropped after the strikes of the CGT, may become relevant.
"We need things to change and we stop losing money.Either we reorganized the DSP is still there and it will be dramatic, because it will break everything, "Frederick alarmed Alpozzo who admits fear a scenario where the SeaFrance 725 employees will be dismissed.
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Iter barely get under way. The international program which provides for the construction of a thermonuclear fusion reactor could be delayed again. The European Commission should in fact announce Wednesday that it does not sign the document which puts the project on track, says Les Echos published Wednesday.
The European Union has failed to obtain the financial commitment of the twenty-seven member states until 2040 to ensure the viability of the project. The European contribution for 2007-2020 has almost tripled from 2.7 billion euros expected in 2001 to 7.2 billion euros this year. For 2012-2013, a European envelope further 1.4 billion euros is needed.
Diplomatic issues
However, this explosion of the budget falls very ill, while the finances of European countries are seriously affected by the economic crisis and the recent austerity plans.One familiar with the matter told the Echo that the project has become important diplomatic: "Because of security issues in terms of global energy supply, the fight against climate change and investment, its status is more only scientifically. It is now a political project where the game of diplomacy is as important as the result of research equations.
The ITER project aims to provide a solution to the global energy crisis by reproducing the energy production inside the sun. The fusion of hydrogen nuclei would provide an inexhaustible energy, cheap and clean (it produces little radioactive waste, unlike the mechanism of nuclear fission).The reactor built on the site of Cadarache Provencal begin operation in 2018 but will be fully operational in 2026.
Seven partners (the European Union, China, India, Japan, South Korea, Russia and the United States), representing over half the world population, are involved in the project that meets the opposition Greens. Time is running out for Brussels. Tired of difficulties, the United States plans to reduce 40% of their financial contribution to the project and other countries could follow suit. The Commission hopes to resolve the problems of the project's contribution today and in the other two European meetings on 21 and set June 25
Investors finally found a smile in Paris. The CAC 40 has indeed rebounded to 2.08%, passing the bar of 3600 points. He finished at exactly pointspoints 3617.32. The market which opened in Paris rose sharply accelerated the pace in the afternoon, after payment of first European loan of 14.5 billion euros in Greece and the renewed commitment of Member States of the euro area monitor national budgets.
Other major European markets have resumed in unison. In London, the Footsie has advanced 0.85% to end at 5307.34 points while in Frankfurt the Dax has risen by 1.47%, to 6155.93 points. Wall Street, which also opened in the green, confirmed the trend. Shortly before the close of European stock,
Bargain hunting
The Dow Jones gained 0.72% and the Nasdaq 0.85%. Wall Street has particularly welcomed the results of Wall Mart.The U.S. retail giant, whose numbers are often included as an advance indicator of the U.S. economy has garnered in the first quarter of current year net income of over $ 3.3 billion, well above expectations analysts.
In Paris the CAC 40 was worn by groups rooted in the international advantage of the weakness of the euro and an intense hunt for bargains.
The group's title defense and aerospace firm EADS has been leading the race for almost the entire session. Titles major exporters such as Michelin or Saint-Gobain also benefited from the movement as well as luxury groups. Analysts at JP Morgan believe that the weakness of the euro should be particularly conducive to luxury groups like LVMH and Hermes but also in L'Oreal, and is active in the United States.
After blowing the last few weeks, banking stocks were under PURCHASE cheap. Just before the close, Societe Generale, BNP Paribas and Credit Agricole showed increases of between 2% and 5%
In a letter sent Thursday to all his ministers on key principles that will frame the governance and investment destination in future, Prime Minister Francois Fillon made a clear message: not only a question of the future European domestic borrowing, which will be a draft supplementary budget presented to Cabinet on 20 January, is being spent through. In other words, 35 billion euros – of which 22 are lifted in 2010 on the markets – will not be used to finance current spending.
A team of Rene Ricol chocautour
For this reason, reminds them there in that letter that the implementation of the program will be piloted "by Rene Ricol, appointed commissioner-general for investment – an unpaid position that former ombudsman took credit along with the non-executive chairman of his firm of accountants.The role of Rene Ricol, said Francois Fillon, "exceed the only program of national priorities, to address the consistency of the investment policy of the state."
Why he is currently composing a great team. Jean-Luc Tavernier, a former chief of staff budget minister Eric Woerth, today the inspectorate, should lead it. Also stationed at Bercy, and Rapporteur of the text submitted by the Committee Rocard-Juppe on the big loan, Philippe Bouyoux could join him. The firm – which will include a dozen people – will also be composed of senior experts in each of the priority sectors.
The commissioner-general "will report periodically. And an oversight committee, chaired by Alain Jupp? and Michel Rocard, will be established to monitor and assess, in time, the investment projects chosen.The prime minister insists on including the fact that 60% of funds to be invested will "match funding of non-expendable, that is to say," Constitutions of assets (capital grants, equity investments, loans ). The remaining 40% will take the form of grants, mostly in research expenditures.Operators (ANR, OSEO, Caisse des Depots, etc..) Will be responsible for managing the funds, which receive money quickly "so that departments are not tempted to get it," says one at Matignon .
The selection of projects, it should be done with the support of outside experts to assess "their relevance, cost effectiveness and their impact on growth potential."
"If all is well managed, it can have a real economic impact over several years, they conclude in the entourage of Francois Fillon.
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Four laboratories were sold to the French government 94 million doses of vaccine against influenza A. This is the British GSK for 50 million doses from Sanofi Pasteur French (28 million doses), Swiss Novartis (16 million) and the U.S. Baxter (50 000 doses). All these quantities have not yet been delivered for lack of sufficient production capacity. And even if the needs now seem to have been overstated, these manufacturers have no plans so far to suspend deliveries.
"For now, we have delivered half of our 28 million doses, which is consistent with our commitments, Le Figaro said a spokesman for Sanofi Pasteur. And we will continue to stagger our deliveries as agreed until March. The government has not contacted us to ask us to consider something else. "Contacts, GSK and Novartis did not respond to our calls on Sunday.
675 million euros
Legally, it seems very difficult to challenge a contract by tender procedure if it is binding. The economic and political reality of things can push the labs to be conciliatory, given the weight of government on drugs: is the State which sets prices, and Medicare which, directly or indirectly, pays! Sanofi-Pasteur – French group which is more … – said he also "willing to renegotiate if the government asked," even if "no clause in the contract so provides."
Sanofi-Pasteur's vaccine bill without adjuvant dose 6.25 euros; GSK, 7 euros, Novartis, EUR 9.34; Baxter, 10 euros. Overall, the market rises and to 675 million euros.Besides the 36 million doses that the government had pr?r?serv?es, where the 94 million departure would not have been enough! Manufacturers have realized that they could make a cross on the command there.
Another beneficiary of influenza A, Roche, who with treatment Tamiflu, which reduces the duration of the flu, "has been a more important," admits one in the Swiss group. But in this case, the stock of government has been gradually established since 2003, with 33 million doses of which 24 million treatments of Tamiflu and 11 million treatment courses of Relenza (GSK).
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This is a slight reversal done discreetly. An amendment to Article 1 of the bill on the changed status of the Post provides an entry into force of the text on 1 March 2010 instead of January 1. This is the UMP deputy for Haute-Loire Jean Proriol who took the initiative. Main reason: the discussions in Parliament have taken too late. The amendment states that "due to the postponement of consideration of the bill from the original schedule and the high likelihood of referral to the Constitutional Council, the promulgation of the law before 1 January 2010 is now unrealistic.
The postponement of two months per se has no consequences for the Post. However, the very symbol of the government which wanted to launch the change of status one year to the day before the liberalization of market positions across Europe.
This change must be approved by members during consideration of the bill on Tuesday to the National Assembly. If heated discussions ahead in the chamber, the tension should be even more palpable outside. Already in the afternoon, several demonstrators, including the NPA leader Olivier Besancenot, tried to climb the gate of the Palais Bourbon, equipped with smoke and banner bearing the likeness of Sud-PTT union.
An examination of the text in the Parliament should continue until Thursday before a formal vote January 12.
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"We certainly have participated in things that were not correct and we are sorry. We apologize. " This was said boss of Goldman Sachs (GS) Lloyd Blankfein, who tried to extinguish the controversy after his recent interview with London's Sunday Times newspaper in which he said that banks had "an important social "and that his, in particular, worked" in the service of God. " Remarks that he "would not have had to" speak, "he later confessed.
Apologies for the investment bank came at a time when it is subjected to a barrage of criticism. Goldman Sachs has been in effect during the first 9 months of the year the bank's most profitable and the NYSE has already provisioned 16.7 billion dollars to reward traders and executives. Approximately more than $ 500,000 in premium per employee.Astronomical sums deemed by the Americans, but that Blankfein stands by the fact of not wanting to lose his "talent due to a change in methods of remuneration."
So, trying to get closer to its humanitarian principles and the "social role" he defends, Blankfein said the bank would release $ 500 million to help 10,000 small U.S. companies. A collaborative initiative with billionaire Warren Buffett, who will co-direct the panel to oversee the entire operation.In practice, Goldman Sachs will provide annually $ 100 million, or about what he earns in a day of good trading! The Financial Times reports that during the third quarter, the investment bank has recorded 36 days during which its traders have gained daily more than 100 million dollars …
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