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		<pubDate>Thu, 17 Nov 2011 03:20:09 +0000</pubDate>
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		<description><![CDATA[ Estoppel to potential buyers of SeaFrance. The Commercial Court of Paris on Monday gave the liquidation of the French company SeaFrance ferries in the Channel, but now the activity until January 28, 2012. The court found that the two takeover bids submitted by Louis Dreyfus Armateurs (LDA), associated with the Danish DFDS group, and [...]]]></description>
			<content:encoded><![CDATA[<p> Estoppel to potential buyers of SeaFrance. The Commercial Court of Paris on Monday gave the liquidation of the French company SeaFrance ferries in the Channel, but now the activity until January 28, 2012. The court found that the two takeover bids submitted by Louis Dreyfus Armateurs (LDA), associated with the Danish DFDS group, and the CFDT union in the enterprise, were not satisfactory as it stands. However, he left the door open for the submission of new offers before December 12. </p>
<p> SeaFrance employs 880 permanent employees and 200 CDD, according seasons. The plan proposed by the LDA-tandem DFDS provided for the protection of 460 FTE jobs, maintaining SeaFrance under the French flag, the recovery of three ships 5 million and an investment of 50 million for repairs to boats <a href="http://cash-advance-nofax.com">guaranteed approval cash loans</a><!-- . -->.The Scop defended by the CFDT plans to retain all CDI but he lacked the funds needed to boost activity. </p>
<p> Risk of &quot;social conflict&quot; and funding &quot;nonexistent&quot;
<p> In its ruling, the court held that the supply of Dreyfus, associated with the Danish DFDS ferries group, provided many job losses and that &quot;there are (VAIT) is a risk of serious social conflict.&quot; He also found the price offered for the recovery of ships too low and suggested that this recovery could pose competition concerns.</p>
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		<pubDate>Fri, 11 Nov 2011 20:56:10 +0000</pubDate>
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		<description><![CDATA[ The Paris market takes a few colors on Friday. In this holiday, where the activity is reduced, the CAC 40 was up. In mid-session, the index rose 0.65% to 3084.49 points after opening up 0.21%. Yesterday, he finished down slightly. In Frankfurt, the DAX index also advanced 0.96% to 5923.95 points while the FTSE-100 [...]]]></description>
			<content:encoded><![CDATA[<p> The Paris market takes a few colors on Friday. In this holiday, where the activity is reduced, the CAC 40 was up. In mid-session, the index rose 0.65% to 3084.49 points after opening up 0.21%. Yesterday, he finished down slightly. In Frankfurt, the DAX index also advanced 0.96% to 5923.95 points while the FTSE-100 in London gained 0.49% to 5471.75 points. </p>
<p> Investor sentiment is supported by advanced this week in the eurozone. Management of public finances in Greece and Italy, two countries that focus on crisis fears of European debt, will change hands. In Greece, Lucas Papademos, former Vice President of the European Central Bank (ECB), has been appointed head of a government of national unity. In his first statement, he said that the euro is a &quot;guarantee of monetary stability <a href="http://us-no-fax-payday-loans.com">online payday loans</a><!-- . -->.&quot;The United States and reported a reduction in trade deficit while new jobless claims fell to their lowest level since April. This morning, Asian stock markets were also in the green. In Tokyo, the Nikkei closed up slightly from 0.16% to 8514.47 points. </p>
<p> The AMF opened an investigation
<p> The Financial Markets Authority (AMF) has announced the opening of an investigation after the blunder of Standard &amp; Poor&#39;s last night, the rating agency has mistakenly sent a message indicating a degradation of the triple A French before denying the information two hours later. </p>
<p> On the currency markets, the euro has regained some ground. The European currency changes above $ 1.36, above the low of 1.3484 in one month.</p>
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		<title>François Fillon, VRP G20 and reforms in Asia</title>
		<link>http://oursaviorsalbany.org/francois-fillon-vrp-g20-and-reforms-in-asia/</link>
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		<pubDate>Mon, 24 Oct 2011 03:48:09 +0000</pubDate>
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		<description><![CDATA[ Gray, the sea merges with the sky. Extend to the shores of sight, désolés.Les wooden houses were swept away. Instead, montages of rubble, cars tangled, ripped open a school &#8230; Only concrete structures, as well as cemetery headstones, have more or less resisted. It&#39;s in the rain and mud, that Francois Fillon visited Ishinomaki [...]]]></description>
			<content:encoded><![CDATA[<p> Gray, the sea merges with the sky. Extend to the shores of sight, désolés.Les wooden houses were swept away. Instead, montages of rubble, cars tangled, ripped open a school &#8230; Only concrete structures, as well as cemetery headstones, have more or less resisted. It&#39;s in the rain and mud, that Francois Fillon visited Ishinomaki port city of martyrdom, devastated by the earthquake and tsunami of March 11. The wave of 14 meters, which was thrown on the Japanese coast, killed 4000 people in this city, nearly a quarter of the 20,000 victims of the disaster. </p>
<p> The Prime Minister walked through the rubble, before laying a wreath at the monument to the victims, a simple wooden board, with an inscription: &quot;Courage, stand firm.&quot;&quot;I came to Japan to talk about the G20 but it was not possible (not) to come here in the heart of one of the regions most affected by the earthquake,&quot; Fillon said after meeting with French volunteers , working to rebuild the city. Fillon told to have followed the drama with more attention than any of his brothers, jazz pianist, is married to a Japanese musician. &quot;Time passes, a fighter on the other, but by the suffering, the difficulties of reconstruction are always the same,&quot; lamented the Prime Minister, for whom &quot;it is important to continue to provide support&quot; in Japan bruised. </p>
<p> As the Green candidate Eva Joly was these days in Fukushima, about a hundred miles from Ishinomaki, Fillon said the French giant Areva nuclear wanted to participate in the treatment of nuclear waste from the Japanese central hilly.But waiting for a green light from Tokyo. &quot;Each State is free to choose its energy mix, including through the use of nuclear energy, which has advantages in terms of security of supply, economic competitiveness and the fight against the emission of greenhouse gas emissions,&quot; Fillon said in an interview with Japanese newspaper Yomiuri Shibumi. </p>
<p> Prepare the G20 &#8230; and after 2012
<p> The prime minister, who met Sunday the Prime Minister of Japan, Noda Yoshihiki to speak G20 and nuclear, has completed a mini-Asian tour Sunday to prepare for the G20, &quot;according to Nicolas Sarkozy,&quot; according to Matignon <a href="http://payday-loans-i.com">payday loans for bad credit</a><!-- . -->. He had also reassure Asian investors, worried by the consequences of the crisis of the euro on the global economy on the eve of the summit of the euro area.Francois Fillon, who had dinner Friday in Seoul (Korea) with its lean delegation (two ministers: Thierry Mariani and Edouard Courtial, a deputy, Eric Woerth) expressed their concern about the situation in the euro area. &quot;He hopes that a solution will come out of the hat but he does not know why,&quot; says one of them. </p>
<p> Before the French in Tokyo, Prime Minister tried to be more optimistic, although he reiterated that Europe was going through &quot;difficult times&quot;. &quot;The European project that carries us for 60 years is threatened by the sovereign debt crisis (&#8230;) We have never had also require political will,&quot; he said in reference to Sarkozy&#39;s candidacy in 2012. &quot;The euro protects us,&quot; he further argued, insisting that &quot;the Europeans lift the mortgages against them&quot; before the G20. &quot;Otherwise, the summit will be cannibalized,&quot; said a member of the delegation.The prime minister took the opportunity to praise the reforms: &quot;Our fiscal credibility remains one of the strongest in the world. This is the result of our reforms and our discipline, &quot;he argued prowling the leitmotif of the pre-campaign:&quot; All these measures respond to a single imperative: protect the French. &quot; </p>
<p> Before the French in Tokyo, met in the luxurious residence of France, Fillon stressed one of his &quot;record&quot; three visits to Japan since 2007. &quot;It&#39;s not over!&quot; Launched an expatriate. &quot;That&#39;s less about!&quot; Joked Fillon, in an allusion to the period after 2012. Upon his return to Paris, the Prime Minister will be plunged back into political events, including Paris: the boss of the UMP, who wants to restore order in the federation after the failure of the Paris regional meeting of elected officials in Paris .&quot;Cope plays firefighter arsonist to weaken Fillon (legislative candidates in 2012),&quot; laments support the Prime Minister. The post-2012 has begun. </p>
<p> ALSO READ: </p>
<p> &quot;Cope-Fillon: A compact three-act </p></p>
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		<title>Wall Street down before the Senate vote</title>
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		<pubDate>Tue, 02 Aug 2011 23:20:14 +0000</pubDate>
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		<description><![CDATA[ Wall Street starts again in the red on Tuesday. In early trade, the Dow Jones lost 0.57% at 12,063 points, the Nasdaq 0.51% to loose 2731 points and the S &#38; P drops 0.69% to 1279 points. 
 The opening is dominated by pessimism as consumer spending of U.S. households fell against all odds [...]]]></description>
			<content:encoded><![CDATA[<p> Wall Street starts again in the red on Tuesday. In early trade, the Dow Jones lost 0.57% at 12,063 points, the Nasdaq 0.51% to loose 2731 points and the S &amp; P drops 0.69% to 1279 points. </p>
<p> The opening is dominated by pessimism as consumer spending of U.S. households fell against all odds by 0.2% in June, posting their first decline since September 2009. Economists surveyed on average expected a rise in expenditure of 0.2%. </p>
<p> The expected green light from Senate Tuesday evening
<p> Concerning the agreement on raising the debt ceiling, the doubts persist. &quot;Some have pointed to the fact that the rating agency S &amp; P claimed four trillion dollars in deficit reduction over 10 years against only 2.5 trillion currently being negotiated by members, analysts said Aurel BGC.Maintaining the &quot;AAA&quot; is far from being elected &#8230; Many skeptics have left open the possibility of adoption of this agreement by the Congress. &quot;An expected adoption tonight. The Senate must decide, in fact, after the House of Representatives that preceded it from that Monday night. </p>
<p> &quot;I think the show we attended in Washington, a significant number of parliamentarians of this country leaving the threat of a default, really made a lot of damage to the confidence&quot; of investors in the economy American, for his part, said U.S. Treasury Secretary, Timothy Geithnern, on ABC. </p>
<p> Oil side, the opening of the Nymex, oil prices melt, due to poor statistqies the day, who fear a future decline in demand.To 15 hours, a barrel of &quot;light sweet crude&quot; for September delivery was trading at 94.36 dollars, down 53 cents. </p>
<p> Results of companies to follow the corporate side, several major publications are planned this week, starting on Tuesday by Pfizer (-1.05% to 18.81 dollars). The group released better than expected earnings for the second quarter, the jump in sales of animal health products offsetting lower sales of drugs, the heart of the business group.
<p> Google (stable at 606.71 dollars) this weekend began testing a new service, &quot;Google Hotel Finder&quot;, dedicated to finding hotels. Positioned competitor specialized sites like Hotels.com &quot;Hotel Finder Google&quot; is used to search the dates of their choice, depending on the number of stars of the institution and the average scores given by customers.</p>
<p> Hewlett-Packard (-0.48% to 35.03 dollars) has decided to drop now $ 50 U.S. price of its new tablet, the TouchPad. This rate adjustment, presented as a promotion valid until September 10, is valid until September 10.He places the version of the tablet features a 16GB storage to 449.99 dollars, and the 32 GB to 549 dollars, just one month after the beginning of the commercialization of TouchPad. </p>
<p> Coach (-4.72% to 62.31 dollars), a leading U.S. brands of accessories, recorded a jump of 24% of its annual net profit in 2010-2011 (year ended July 2) at 881 million dollars, and expected to grow over 10% in the future, according to a statement released Tuesday. </p>
<p> Hyatt Hotels (1.96% to 39.52 euros) announced earnings for the second quarter better than expected, while saying he intended to open a number of &quot;significant&quot; new hotels in the future.</p>
<p> GM (-0.79% to 27.87 dollars) reported Tuesday a 7.6% increase in sales of vehicles in the U.S. in July, thanks to strong sales of Chevrolet, the one of the leading brands of the manufacturer, and the good performance of new models. </p>
<p> Raids by giants of video games on small publishers are ongoing. After the announcement of a Memorandum of surrender by PopCap Games Electronic Arts (0.32% to 22.02 dollars) and the acquisition by Zynga a mobile games publisher in Canada, is the Japanese Sony which went on the offensive by offering Sucker Punch. The American development studio publishes games for consoles, the PlayStation family, including &quot;Sly Cooper&quot; (PS) and &quot;inFamous&#39; (PS3).The amount of the transaction were not disclosed. </p>
<p> Amerigroup (7.47% to 51.65 dollars) is expected to jump at the opening, title, earning more than 5% in electronic trading before the opening of Wall Street. The group of health care services announced yesterday it has won a contract to develop its business in Texas. </p>
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		<title>Wall Street offers a respite</title>
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		<pubDate>Thu, 28 Jul 2011 16:36:09 +0000</pubDate>
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		<description><![CDATA[ Wall Street fell sharply Wednesday recovering almost its closing levels of the end of June, clings to the balance at the opening on Thursday. The Dow Jones gleans indeed 0.03% to 12,307 points, while the Standard &#38; Poor&#39;s 500 and Nasdaq 100 are respectively 0.06% to 1306 points and 2767 points to 0.07%. 
 [...]]]></description>
			<content:encoded><![CDATA[<p> Wall Street fell sharply Wednesday recovering almost its closing levels of the end of June, clings to the balance at the opening on Thursday. The Dow Jones gleans indeed 0.03% to 12,307 points, while the Standard &amp; Poor&#39;s 500 and Nasdaq 100 are respectively 0.06% to 1306 points and 2767 points to 0.07%. </p>
<p> The bad news accumulated including the announcement of a slowing U.S. economy by the Fed on Wednesday night. In its Beige Book, the Fed noted that &quot;economic activity continued to grow, but the pace has diminished.&quot; The two black dots for the United States continues to use, with &quot;moderate increases in employment&quot; and a labor market &quot;remained calm,&quot; and real estate, where &quot;activity remains weak,&quot; according Fed. </p>
<p> The weak economic recovery is not the only concern.The other fear comes from the U.S. sovereign debt and the apparent lack of progress in Congress six days before the deadline after which the U.S. may default in payment. The White House has acknowledged Wednesday night thinking about how to run the U.S. federal government if Congress does not get along by 2 August on raising the debt ceiling, exposing the country to default. </p>
<p> The euro against the dollar stable
<p> Macroeconomic side, new jobless claims in the U.S. fell after mid-July to their lowest since early April, according to figures released Thursday by the Labor Department. At 398,000 in seasonally adjusted data for the week of July 17 to 23, the first time in three and a half months that the estimate of unemployment claims dropped below the 400,000 mark.It is still awaiting figures on the promises of sales in the U.S. that will be particularly monitored 16 hours today. </p>
<p> On the foreign exchange market, the euro lost more ground against the dollar. It is trading around 15.30 U.S. $ 1.4265, down 0.72%. Oil prices, they were in small drop at the opening in New York, in a market trying to regain a foothold in the very quagmire of American debt crisis. Around 3:10 p.m., the New York Mercantile Exchange (Nymex), a barrel of &quot;light sweet crude&quot; for September delivery was trading at 97.00 dollars, down 40 cents from the previous day. </p>
<p> Sprint Nextel fall, Symantec is appreciated
<p> The side of values, Symantec (3.99% to 19.15 dollars) reported for the first quarter of 2011/2012 a profit of $ 172 million, or 22 cents per share. Turnover was up 15% to 1.65% to 1.65 billion.For the current quarter, the company expects a growth in turnover from 12% to 13% minimum to 1 655 to 1 675 billion. </p>
<p> The chemicals group DuPont (1.76% to 53.20 dollars) shows a marked increase. The company announced on Thursday a net income up 5% in the second quarter, better than expected and raised its annual forecast results for 2011. Net income rose to $ 1.21 billion in the second quarter, against 1.15 billion last year, according to a statement from the group. DuPont also raised its annual earnings forecast &quot;because of positive expectations for global growth.&quot; </p>
<p> However, Sprint Nextel (-15.70% to 4.35 dollars) falls after posting a quarterly loss Thursday than expected from April to June, the third largest U.S. mobile phone registered with more departures than arrivals of customers.Its loss widened to $ 847 million, 28 cents a share, against 760 million, 25 cents per share, a year earlier. </p>
<p> Exxon (-1.82% to 81.79 dollars). The tanker has reported a quarterly profit below expectations, in the refining business was worse than expected. </p>
<p> Colgate Palmolive (-0.25% to 85.28 dollars) announced quarterly results slightly above analysts&#39; expectations, the good performance of international sales offsetting poor sales performance in North America. The manufacturer of toothpaste and care products posted a profit of $ 622 million over the period, or $ 1.26 per share for a turnover of 4.19 billion. Financial analysts anticipated $ 1.25 per share and 4.18 billion.</p>
<p> Visa (0.66% to 88.33 dollars) reported Wednesday a quarterly profit up 40%, while announcing the establishment of a new tariff structure for American traders. The first global network card payments reported earnings per share, excluding special items, of $ 1.26 while analysts had expected $ 1.23. </p>
<p> The investment fund Blackstone (0.06% to 17.38 dollars) is in talks with the American Medical Informatics Emdeon for a possible bid. The Wall Street Journal, the purchase price could reach $ 3 billion, including debt, if an offer materializes. The company Emdeon, which must publish its results on August 8, specializes in services and financial management software for physician offices.The Nashville company expects a turnover of 1.1 to 1.13 billion in 2011. </p>
<p> The Ford Motor Company (0.81% to 12.47 dollars) on Thursday announced plans to invest one billion dollars in a second plant in India to take advantage of the rapid expansion of the internal market and achieve its growth objectives. </p>
<p> Aflac (5.32% to 46.50 dollars) on Wednesday released after the close of Wall Street, earnings per share in the second quarter from 0.6 dollar against 1.23 dollar last year. The company maintained its forecast of growth of operating profit per share of 8% in 2011 and 2% to 5% in 2012. </p>
<p> Ameriprise Financial (3.78% to 53.52 dollars) announced earnings per share up 22% for the second quarter to $ 1.25.The amount of assets under management rose 17% to $ 670 million. </p>
<p> Cliffs Natural Resources (-4.95% to 88.96 dollars) has issued an earnings per share for the second quarter rose 52% to 2.92 dollars, thanks to acquisitions and higher prices for iron ore . </p>
<p> Murphy Oil (-6.23% to 62.75 dollars) made a profit of 1.6 dollar per share in the second quarter, up 13% thanks to higher crude oil and improved refining margins and retail margins. </p>
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		<title>EDF and Areva will strengthen their partnership</title>
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		<pubDate>Mon, 25 Jul 2011 09:00:18 +0000</pubDate>
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		<description><![CDATA[ After months of tensions, the thaw begins between Areva and EDF. Luc Oursel, the president of the giant nuclear, will perform this afternoon its first official release by hosting one of its plants in Chalon-sur-Saone, the chairman of EDF Proglio. The symbol is more powerful than the two heavyweights of the team of France&#39;s [...]]]></description>
			<content:encoded><![CDATA[<p> After months of tensions, the thaw begins between Areva and EDF. Luc Oursel, the president of the giant nuclear, will perform this afternoon its first official release by hosting one of its plants in Chalon-sur-Saone, the chairman of EDF Proglio. The symbol is more powerful than the two heavyweights of the team of France&#39;s nuclear plans to sign three agreements &quot;technical and commercial.&quot; The information, which was unveiled by the Tribune was confirmed by the Minister of Industry, Eric Besson, who will also visit the website of Saône-et-Loire. </p>
<p> These agreements clarify the relationships that must maintain the two groups. They should focus on &quot;the pursuit of optimizing the EPR, increased maintenance of the park&quot; or &quot;strengthening industrial cooperation on the storage of radioactive waste.&quot;</p>
<p> These agreements will be &quot;historic in some ways,&quot; said Eric Besson on France Inter and will &quot;ensure consistency throughout the French nuclear industry.&quot; </p>
<p> &quot;A willingness to cooperate more»
<p> A fourth agreement should include the development of medium-power reactor Atmea which EDF would not participate. The date of its signature was not specified by Eric Besson, but it should occur in September. Which will complete the strategic partnership, called by President Nicolas Sarkozy in July 2010. </p>
<p> According to the Tribune, other issues will be discussed later, as the organization of supply for export or supply in the long-term uranium for EDF. In the latter case, a stake of the electrician in the future subsidiary of Areva mines will be considered. The hypothesis is &quot;neither foreseen nor ruled out,&quot; according to Eric Besson.&quot;There is a current subsidiary of the Areva mining activity that had been recorded and we will see who will enter the capital,&quot; he said. </p>
<p> The latter, however, said on France Inter does not &quot;feel&quot; at Henri Proglio will &quot;particular&quot; to enter the capital of Areva. &quot;I feel from Proglio a willingness to cooperate more with Areva, what we today RECORDED agreements very important, but I do not feel particular pressure at home to enter the capital of Areva&quot; said he. </p>
<p> ALSO READ: </p>
<p> &quot;Areva Lauvergeon reopens without opportunities to EDF </p>
<p> &quot;EDF leader of French nuclear </p>
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		<title>Benefit fraud estimated at 20 billion euros per year</title>
		<link>http://oursaviorsalbany.org/benefit-fraud-estimated-at-20-billion-euros-per-year/</link>
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		<pubDate>Wed, 22 Jun 2011 11:36:08 +0000</pubDate>
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		<description><![CDATA[ In early June, Labour Minister Xavier Bertrand estimated at &#34;several billion&#34; the amount of social fraud and abuse annually, detected or not. On Tuesday, a parliamentary report published by AFP gives a figure a little more specific: over 20 billion euros. &#34;Either 44 times more than the fraud being detected,&#34; wrote the rapporteur for [...]]]></description>
			<content:encoded><![CDATA[<p> In early June, Labour Minister Xavier Bertrand estimated at &quot;several billion&quot; the amount of social fraud and abuse annually, detected or not. On Tuesday, a parliamentary report published by AFP gives a figure a little more specific: over 20 billion euros. &quot;Either 44 times more than the fraud being detected,&quot; wrote the rapporteur for the assessment mission statements for Social Security (MECSS) of the National Assembly, Dominique Tian, ​​UMP deputy of the Bouches-du-Rhone. In 2010, social security fraud was detected, in fact amounted to 458 million euros, a figure nevertheless up 20% year on year.</p>
<p> &quot;Between 10% and 12% of companies are in breach&quot;
<p> Specifically, the report evaluates the existing fraud parliamentary levies (employer and employee contributions not paid because of the black) between 8 and 15.8 billion and those benefits (sick leave benefits, family allowances, RSA etc. .. ) 2 to 3 billion. With respect to illegal work, the UMP elected judge that &quot;the practice is common, if not commonplace in some sectors of the economy.&quot; He said that &quot;between 10% and 12% of companies are in breach and between 5% and 7% of employees are not reported.&quot; The report is also concerned about the development of &quot;fraud by organized networks of smugglers.&quot; </p>
<p> While stressing the government&#39;s efforts in the fight, the report points to the results &quot;insufficient&quot;.Its authors point out, that &quot;the magnitude of the social deficits and the desire to better control public spending necessitate greater control over social spending.&quot; And the example of several European countries that have already moved in this direction, including the United Kingdom and Germany. </p>
<p> Vitale card biometric
<p> The report, made 53 proposals, recommended to &quot;improve the control of the state policy against social fraud&quot; and simplify the &quot;legal framework&quot;. The MECSS calls to &quot;restore the face to face for the initial creation of files of requests for benefits and for which the remote procedures facilitate fraud.&quot;It also calls for a biometric card Vitale, limited duration, &quot;which would include all social security data of the insured&quot; and that would be issued by municipalities, such as for passports or identity cards. </p>
<p> To better &quot;target audiences fraud&quot;, the report also encourages the spread of &quot;Data Mining&quot;, or data mining, which involves crossing multiple data from different sources. Social agencies that can now exchange information with tax authorities or banks will benefit by the end of 2011 a common national directory of social protection (RNCP) that will identify compatible services in different branches. </p>
<p> Regarding sick leave abuse, the report suggests developing the &quot;cons-visits&quot; in the private and what is new among public servants.</p>
<p> Premium &quot;presenteeism&quot;
<p> Finally, the fight against absenteeism, the report suggests &quot;the principle of premiums presenteeism&quot; in the image of anything done by the hospitals of Marseille, paying 219 euros gross officers with no absence in the years.&quot;This policy, in some ways depressing, had an immediate effect since the rate of abstentéisme fell 0.5% in 2010,&quot; while it increased in other hospitals, the report said. </p>
<p> For its part, the government needs Wednesday, the Council of Ministers, to review its action in the fight against fraud social communications with the Minister of Budget, Baroin, the Minister of Labour and Health, Xavier Bertrand, and Solidarity Minister, Roselyne Bachelot. </p>
<p> (With agencies) </p>
</p>
<p> 3.3 billion euros of overall fraud detected
<p> 3.3 billion of fraud have been detected globally in 2010, says Le Parisien-Aujourd&#39;hui en France on Wednesday morning. In detail, it is tax evasion, which represents most of the scams to the public finances, amounting to 2.4 billion euros.Social fraud is only for its &quot;only&quot; 458 million euros. The Minister of Budget, Baroin, is expected to announce the figures in the day after the cabinet meeting, and give details of its plan to fight against fraud. </p>
<p> ALSO READ: </p>
<p> &quot;The child benefit fraud jumped 10% in 2010 </p>
<p> &quot;ON DEMAND INFO-How to fight against welfare fraud </p>
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		<title>ECB prepares to raise rates in July</title>
		<link>http://oursaviorsalbany.org/ecb-prepares-to-raise-rates-in-july/</link>
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		<pubDate>Fri, 10 Jun 2011 15:04:14 +0000</pubDate>
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		<description><![CDATA[ As expected, the Governing Council of the European Central Bank, meeting Thursday in Frankfurt, has left unchanged its interest rates. However Jean-Claude Trichet sought to prepare the minds of an increase in July. &#34;Overall, the risks to price stability are on the upside, and a strong vigilance is therefore warranted,&#34; said the president of [...]]]></description>
			<content:encoded><![CDATA[<p> As expected, the Governing Council of the European Central Bank, meeting Thursday in Frankfurt, has left unchanged its interest rates. However Jean-Claude Trichet sought to prepare the minds of an increase in July. &quot;Overall, the risks to price stability are on the upside, and a strong vigilance is therefore warranted,&quot; said the president of the ECB at the press conference that followed. In the coded language of Frankfurt, a &quot;strong vigilance&quot; is the conventional signal to indicate a rate hike next month.&quot;Right now we still believe that the July increase will last (this year),&quot; said Jonathan Loynes, however, the chief economist for Europe of Capital Economics. </p>
<p> Jean-Claude Trichet has not sought to exaggerate the danger of inflation: &quot;The upward pressure on inflation (is) mainly due to energy prices and raw materials,&quot; he admitted. Markets have noted that the ECB had not raised its forecast of rising consumer prices for 2012, which remain in the range of 1.1% to 2.3%. This status quo, compared to previous estimates of last March, has contributed to a decline of the euro vis-à-vis the dollar. </p>
<p> In terms of economic growth forecasts have been revised slightly upwards for 2011 (from 1.5% to 2.3%), the range for 2012 is particularly large (between 0.6% and 2.8 %).&quot;Uncertainty remains high,&quot; commented Jean-Claude Trichet <a href="http://payday-nofax.com">installment payday loans</a><!-- . -->. </p>
<p> No &quot;default&quot;
<p> It was also expected on Greece, &quot;after the procession of contradictory statements from finance ministers, who have unfortunately contributed to widen interest rate spreads on sovereign debt in the euro area in recent weeks,&quot; regrets a market economy. The ECB President was extremely strong. &quot;It would be a great mistake&quot; than engaging in a debt restructuring, &quot;he insisted. &quot;Our position is clear and we served on European governments&quot; no &quot;credit event&quot;, no &quot;default&quot;. The ECB considers that Greece would be closed permanently while the financing markets. </p>
<p> &quot;We exclude any participation of private creditors who would not volunteer (from them), he only conceded.He however refused to say what would the ECB on securities it has in its balance sheet (between 60 and 70 billion euros), if private investors decided to extend the maturity of their claims. </p>
<p> In a less dramatic, the college of 27 governors took action on the succession of its chairman, in the form of a statement. &quot;The governors did not Councilof objectionable to the proposed candidate, Mario Draghi, who is a person of recognized standing and professional experience in monetary or banking matters.&quot; </p>
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		<title>Cardin would be well bought by a Chinese</title>
		<link>http://oursaviorsalbany.org/cardin-would-be-well-bought-by-a-chinese/</link>
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		<pubDate>Mon, 16 May 2011 11:20:30 +0000</pubDate>
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		<description><![CDATA[ Cardin seeks buyer, preferably Chinese. At age 88, the developer who owns 100% stake in his fashion house, said two weeks ago that he wanted to sell its entire brand. This weekend, in addition to the presentation of the new collection in China, Pierre Cardin has expressed its preference for a buyer&#39;s country. 
 [...]]]></description>
			<content:encoded><![CDATA[<p> Cardin seeks buyer, preferably Chinese. At age 88, the developer who owns 100% stake in his fashion house, said two weeks ago that he wanted to sell its entire brand. This weekend, in addition to the presentation of the new collection in China, Pierre Cardin has expressed its preference for a buyer&#39;s country. </p>
<p> &quot;I had offers from buyers in the U.S. or England but I preferred because the Chinese are owners of my brand. That seems more polite to me, &quot;he said, after The Tribune published on Monday. Courteous, but also strategic for the brand a strong presence in the country. Cardin, indeed, among the first French brands to move into the Middle Kingdom from the late 1970s. Today, the teacher has over a thousand shops.If the house, which is not publicly traded, is discreet about its turnover in the second world economy, she argues, however, expect a 20% annual growth in sales. </p>
<p> &quot;If they can not afford, they do not buy&quot;
<p> The creator, star in China, announced it has already received offers of Chinese buyers, but declined to reveal their identity. According to La Tribune, which quoted the representative of the brand in China, candidates have tried to negotiate the purchase price of one billion euros in vain so far. For his part, Pierre Cardin was firm: &quot;If they can not afford, they are not buying. They did not discuss. That&#39;s clear. &quot;</p>
<p> In 2009, Cardin had sold 32 licenses in China textile and accessories companies Jiangsheng Cardanro and Trading Company, amounting to 200 million euros. </p>
<p> ALSO READ: </p>
<p> Pierre Cardin is willing to sell its brand </p>
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		<title>Publishers, the first victims of pirated software</title>
		<link>http://oursaviorsalbany.org/publishers-the-first-victims-of-pirated-software/</link>
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		<pubDate>Thu, 12 May 2011 00:12:29 +0000</pubDate>
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		<description><![CDATA[ Sad record. In France, more than a third of all software installed on PCs in 2010 was pirated, according to the latest study by Business Software Alliance (BSA), an international group of software publishers. This represents a market value of 1.9 billion euros, on a global market estimated at 9.5 billion euros. &#34;The retail [...]]]></description>
			<content:encoded><![CDATA[<p> Sad record. In France, more than a third of all software installed on PCs in 2010 was pirated, according to the latest study by Business Software Alliance (BSA), an international group of software publishers. This represents a market value of 1.9 billion euros, on a global market estimated at 9.5 billion euros. &quot;The retail market is worse than that of businesses, but it is more difficult to control,&quot; said Eric Beaurepaire, a member of BSA. </p>
<p> Worldwide, software piracy generates a shortfall of 44 billion and ten billion for Europe alone. The United States is the country where the loss in value is most important, accounting for 7.1 billion euros. But in some &quot;small&quot; European countries, legislation and a little flexible when the market is still underdeveloped, the piracy rate is approaching 70%, as in Bulgaria or Romania.More generally, emerging markets are at a peak, with a piracy rate 2.5 higher than in mature markets, with a total value estimated at 21.7 billion euros. </p>
<p> At the head office and messaging
<p> Pirated software the most concern the office and mail systems. What makes Microsoft the publisher the most penalized. Exposure correlated with its market share. The case of misuse is the most common deployment abusive (a company buys a license for 100 PCs and installs it on 200). &quot;Cases of pure piracy, with the use of unlicensed software, are more rare,&quot; says Eric Beaurepaire. </p>
<p> This does not prevent users or even entire departments of large private companies fraudulently install software on their devices, possibly bypassing the procedures established by IT departments.&quot;Such practices can have dramatic consequences for societies. Pirated software can be corrupted with viruses &#8230; &quot;insists Eric Beaurepaire. Not to mention the risk of financial penalties for the company. </p>
<p> Departments also
<p> In France, where industry, technical fields and those related to the creation on the Internet appear to be less virtuous, no area is spared, not even the utility or ministries! Moreover, there is no real correlation between the rate of software piracy and its price. The most expensive are not necessarily the most coveted.Thus, security software, which does not always worth a score of euros, are not copied less than for professionals, which can be worth several thousand euros. </p>
<p> Paradoxically, the French might be followers of illegal copying, they say they are also very sensitive to the respect of intellectual property. A poll conducted by Ipsos for the BSA found that 68% of French people support the remuneration of inventors the world average is 71%. Aware of the risks of &quot;software purchased on the street or&quot; borrowed &quot;between friends&quot;, the French, however, not hesitate to perform multiple installations, they do not perceive a real fraud.The advantages of software legally acquired access to technical assistance, protection against intruders &#8230; not enough to convince either the French users, less sensitive than the rest of the world to these arguments. </p>
<p> ALSO READ: </p>
<p> &quot;The site of the Business Software Alliance </p>
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