The campaign for the presidential election held the role of a damper on sales of national newspapers in March, registering a 0.5% decline, according to data released Thursday by the OJD on the basis of returns filed by publishers with the supervisory body of the press. A title, however, now in France, the national edition of Le Parisien, is distinguished by showing an increase of 10.3%.

Le Figaro rose 0.7%

"The whole quarter was bearer, with an average increase in sales of 10.5%, says Jean Hornain, CEO of Le Parisien-Aujourd'hui en France (Amaury Group). The political course supported us, but other factors have played in our favor. Unlike most of our competitors in the regional daily press, we have maintained our selling price to 90 cents during the week, making our way one of the most competitive in the retail outlets. We are also less affected by the free press, which makes the very difficult market in Ile-de-France. "Today in Francea also benefited from the judgment of the paper edition of France Soir, last December. Two other daily progress. One year after the launch of a new formula "bimédia" of the cross paid the sales rose 5.7% in March and 1.6% in the first quarter. Over the period, the daily Christian Bayard said to have multiplied by eight the number of subscribers to his website-croix.com, whose traffic has won at the same time 19%.

For its part, Le Figaro, which remains the largest national newspaper with paid circulation of 342,731 on average, increased by 0.7%. Over the quarter, Le Figaro is stable at 0.2%. All other securities are falling. In March, The World down 4.9%, to 288,881 copies, and the sports daily L'Team (Amaury) of 4.3%, to 258,476. Release is stable, slightly down by 0.5%, to 122,444 copies, despite sales at (kiosks and newsagents) at high levels for the daily run by Nicolas Demorand. Echoes lose, for their part, 3.1%, to 121,889 copies.

Rise of digital

"At first glance, on sales in Paris, the impact of the campaign was less than in 2007, says an editor. However, it must wait to see the performance of securities regions for an initial assessment, but we did have an effect on sales numbers. "

Along with paper sales, electronic editions of national newspapers continue to grow at a healthy pace. Le Figaro including more than doubled sales of its digital versions by crossing the course of 6000 readable copies smartphones and tablets. This share digital broadcast reached, according to OJD, 5.6% for Libération, Les Echos, 6.9% and 8.3% for Le Monde.

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Inspired by the French Socialists, the German Social Democrats just put a swing to the left. The SPD has decided to revive the wealth tax. Four German states, ruled by the great party of the Left, have announced their intention to submit before the summer in the Bundesrat, the upper house of Parliament, a bill for the reintroduction of a "Vermögensteuer" (ISF) modernized.

"The SPD has never hidden its emphasis on social justice. We can not simply cut down spending to meet the golden rule. That is why we are determined to pave the way for the reintroduction of the wealth tax, "said Carsten Kühl (SPD), Minister of Finance of Rhineland-Palatinate. Led by the SPD, Rhineland-Palatinate, North Rhine-Westphalia, Baden-Wuerttemberg and Hamburg will present, before the summer break, their text in the Bundesrat, which are represented the German regional states.

Their proposal includes a tax rate of 1% for individuals and businesses. This should apply to people whose heritage is over two million and save the middle class homeowners. Calculated by the SPD, this FSI could relate to the federal state between 8 and 10 billion euros per year. However the text is unlikely to be adopted in the Bundesrat, where Angela Merkel has lost its majority, but where the SPD does not have an absolute majority cheap business cards. And it would still be ratified by the Bundestag, the lower house of parliament, dominated by the center-right coalition of Chancellor.

Elections

Whatever. For the SPD it is to lay the groundwork for the legislative elections of 2013. The German Social Democrats had considered the proposal outrageous tax to 75% of the very rich made by Francois Hollande. The reluctance of the socialist candidate against the golden rule also raise the misunderstanding of the German left. But she sees the ISF a good opportunity to stand out from the Chancellor on matters of taxation.

Across the Rhine, the income tax is capped at 42% with a special 45% said "tax the rich", for those whose monthly income exceeds the 250,731 euros. The Constitutional Court in Karlsruhe ruled in 1995 that the income tax could not exceed 50%, whereas beyond this was a confiscatory measure contrary to the fundamental law. And the federal government, which has never carried out the modernization demanded by the Court in Karlsruhe, has stopped collecting the tax on capital in 1997.

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The time is in final preparation for town hall in France, before the presidential election. For the latter, the bill for the organization of these exceptional weekend will be more or less salty. According to the Association of Mayors of France, you need a budget of around 15,000 euros per day to vote for an average city of 20,000 inhabitants. "This represents about 1 per registered voter," said Philip Lawrence, vice president of the Association and Mayor of Sceaux (Hauts de Seine).

According to the latter, the bulk of this budget is absorbed by personnel costs unusually mobilized for the weekend of presidential and legislative elections. "On Saturday, the day before voting, employees adjust any polls that are often located in public buildings or classrooms. The number of desktop depends on the number of registered voters, knowing that it takes no more than 1000 voters for an office. In a city like seals, so they are 14 offices that are developed, "says the mayor of this town of Hauts-de-Seine. "Then the Sunday vote, you have two people permanently. That's two teams of two for a 12-hour day, which must be added the support staff to ensure that everything goes well. " At Sceaux, there are 100 municipal employees who will be on duty for each day of voting.

For them, the days are long lasting and beyond counting. But allow them to receive a specific payment. "This is the most expensive for the town hall. There are many volunteers in the office but their role is only to monitor, register voters, get them signed. Requires municipal employees on site, such certificates to those who do not have their voter registration card, "said Philip Lawrence.

The presidential ballots be borne by the State

These are not purchasing urns or damaged booths that make invoice salt. These are purchased from private companies such as Form XL, the leading provider of French municipalities. Meuse in this business, it takes 94 to 327 euros for a traditional ballot box and 213 to 425 euros for one to three polling booths in places. "These expenditures, investment in the budget of the city, are negligible and are amortized from one election to another," says Philip Lawrence.

So what is the state to relieve the town halls? The latter is involved in all these costs up to 2,500 euros, according to AMF. Prefectures establish "cost of assembly, composed of a fixed amount per polling station and an amount based on the number of voters," says one to the Ministry of Interior. The envelope stuffing and mailing of election propaganda (posters, leaflets, creed and ballots) to voters is the responsibility of prefectures which in turn mobilize staff or rely on outside providers.

The State shall also be responsible for printing and mailing of ballots to municipalities for president, according to the memento sent to candidates by the Ministries of Interior and Foreign Affairs. For legislative candidates and print their ballots may be reimbursed for these expenses if they obtain at least 5% of the votes cast in the first round. But the rules are strict: the paper used must contain at least 50% recycled or benefit "of an international certification for sustainable forest management." According to the Senate, the total estimated cost of the presidential election for the state and is estimated at 217.3 million euros. That of the general elections is estimated at 122.3 million euros this year.

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The sports market takes shape. According to a PwC study, the activity related to events and sports clubs is 3.5 billion euros in France and the sector is estimated to grow 3.7% per year by 2015 (*).

Manufacturers, distributors, sports structures show increasing needs, including commercial. BTS MUC (management of business units) and DUT have flourished in this area and the area is muscle. The CESNI ESC Chambery launched its bachelor three years ago.

New programs

The NCPC will open his next term. In thirty years, this specialist trade training sport has developed some forty chains to bac + 2. "Our management bachelor of commerce sports meets an urgent demand from business managers in skilled, high scalability," says Gerard Pouet, general manager of CNPC.

To match the market requirements, schools can not do enough. At the School of Business Sports Management Amos, the third year of the bachelor is necessarily alternating and MBS (Master of business in sport) a six-month business. Sports Management School (SMS) has its first class bachelor's and MBA this year. "Our goal is to train our students in areas ranging from major retail clubs. The third and fifth years will pass half in business, "says Michael Tapiro, executive director of the school (EDC group). Best of all, every young person has a sponsor – elite athletes, club manager, a business manager in the sport … – which opens on the sector.

Distributors and manufacturers think global and act local. Last year, about 62 Decathlon stores open, 51 have been in Europe and beyond (China, Russia, India …). The courses are so heavily loaded with language, include seminars abroad, promote exchanges. The MSc in Sports and Outdoor Industry Management starting in September at EM Lyon will take place on its campuses in Shanghai and Europe.

The market will he integrate all the newcomers? "Supermarkets and manufacturers are fond of our bachelors and alternating with more than 75% are within six months of the school year," says Patrick Touati, director and founder of Amos. The bachelor's CNPC starts in Pau with 30 students.

The higher the educational level increases, the opportunities are reduced. The Idrac will open in September 5th year of a major "sports entertainment spectacle" and remains modest. Of the 25 students met in most, from 10 to 15 actually find an outlet in the world of sports, "other work in other areas but they will capitalize on the sporting image and the diploma," says the director of international program high school, Maxence Fontanel.

(*) Study on the PwC global market opportunities in sport, in December 2011.

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CEO of Ultralu, specializing in scaffolding, member of the movement Ethic.

"Since I started my business in 1988, I am facing problems due to the rigidity of employment. Like many entrepreneurs, I have suffered the brunt of the crisis. The shock was brutal since 2008 should be a year of strong expansion. I predicted a 30% increase in sales and I hired six people. In our business, it is necessary to train an employee for six months to make it operational.

The crisis caused a 20% drop in sales. The six people hired have become an unbearable burden for the company. I had to part with it. Unfortunately, no administrative delays allowed me to do that in 2009 when the company had posted a loss of 50,000 euros in 2008. A dismissal for economic reasons cost me 40,000 euros.

After having recovered in 2010, my company was again able to be increasing. So I could rehire taking a risk because nobody can be sure that a new crisis will not occur. I will not do. I decided to retain the current workforce by stabilizing my figure and therefore of losing markets.

I chose this solution because the bankers who supported me in 2008 and 2009 will not understand if I do not learn from previous years. I can not take the risk of disappearing. "

CHRISTOPHER Collignon: "Let the air companies'

COO call center IMA Technologies, a subsidiary of Inter Mutual Assistance. Member of the Young Business Leaders, it animates the ethics commission and good practices Medef 44.

"We manage with existing regulations. We strive to meet everyone's expectations respecting the law and to the extent that this does not hamper production. We allow people who want to work at 60% to do so. Half the members of the Executive Committee are women who have decided to work at 80%. We also set up the working time of three people who wanted to start their own business. Any record created a strange atmosphere. But it is not possible to work more to earn more. The law does not permit an employee to work ten hours more if desired. We must let air companies and employees so they can negotiate their working hours.

I regularly discuss this topic with other entrepreneurs. It is important that leaders speak truth with employee representatives. I have set up agreements tests. It is also important that people can choose the working time. Someone may need to work 35 hours at a time and 39 hours to another. Our needs are not the same at 20, 40 or 60. It requires both trust and be realistic and do not forget one reality: the first objective of the company is to generate profits. "

Stanislas de Bentzmann "Managers have to work longer"

Co-CEO of the IT services company Devoteam, vice president of the employers' association Growth Plus.

"Policy makers plan to increase taxation frameworks to solve the budget problem, while the subject lies in structuring the value creation for the country. French managers take eight weeks and a half of vacation per year on average, five weeks against the rest of Europe. It is possible for a factory employee working over 35 hours thanks to the tax exemption of overtime, but this flexibility can not be applied to frames. But they are the ones who drop out contracts that run factories.

This is not only problematic for the industry, it is also for services. Service companies who work in large groups on international markets, because of RTT among other things, higher production costs than their competitors German or Italian. We must change the rules and give companies the ability to adapt to customer needs. Feasible by allowing businesses to reach agreement directly with employees, who are winners on both sides. France can accelerate its dynamic economy and reduce its debts if managers are willing to work longer, at least for the next five years. "

JEAN-RENÉ BOIDRON: "Being able to depart from the law"

President of the DL Health software company, President of the Social Committee of Growth Plus.

"It is absurd to impose the same working time everywhere. The unraveling of 35 hours has its limits. To meet their particular situation, companies need to discuss with staff representatives on the duration of working time and if necessary within the law or an industrial agreement. It is a matter of survival for many companies in the services, on the verge of suffocation, and whose turnover is correlated with working time. In from 39 to 35 hours, these companies have lost up to 10% of their turnover and nearly as many results. The rise in working time is their only option. For others, the decline in working hours can help through a difficult – while giving assurances to employees who must find more than their implementation, once the recovery of the acquired business.

These solutions are only possible with a quality relationship between an employer and its representatives. Otherwise I would have filed for bankruptcy in my previous company in 2001. Attitudes have evolved. Since 2008, the conventional termination showed that one could consider an employer and an employee adult enough to solve a problem. Have confidence in the company of actors to find solutions when it comes to saving jobs. "

"Reliving the day Thursday

The agency believes that financial services' growth prospects are uncertain "because of" increasing risks "facing the economy. The agency referred in particular to "the incomplete reform of the labor market will continue to hinder economic recovery." In the view of S & P, Spain could fall into recession next year, with GDP expected down 0 guaranteed pay day loans.5%.

The fragility of the financial system is also the Achilles heel of the fourth largest economy in the eurozone.S & P is concerned and "a probable further deterioration of asset quality of the Spanish financial system."

The agency also questioned the budgetary targets of the Zapatero government. The Spanish public deficit forecast at 6.2% of GDP for 2011 could be exceeded. As for reducing the deficit to 4.4% of GDP in 2012, it will not be possible without "additional measures".

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Two days before his last conference as president of the ECB, Jean-Claude Trichet is pessimistic for the euro area. "We believe that the euro area will be very moderate in the second half," said one who will be replaced by Mario Draghi on November 1. As for inflation, he said that the rate should remain "above 2% in the coming months. Next year, it should fall below. " These are all signs that suggest that interest rates should remain unchanged Thursday.

As for the United States, the head of the central bank, Ben Bernanke is more optimistic."Recent indicators, including those of new jobless claims show that it is likely that the sluggish growth in employment continues in the coming period," he warned. Before the Joint Economic Committee of Congress, the Fed chairman has urged politicians to "avoid taking fiscal measures may impede the ongoing economic recovery."

"We can not just replace the government"

Sluggish growth, employment at half-mast, high unemployment, the United States and Europe are the worst of an economic plan. And while a slowdown is being felt in China. Most economists expect further aid from the central banks against the inaction of governments, but Ben Bernanke and Jean-Claude Trichet reminded of a common voice that States to revive the global economy."The measures to promote healthy growth of the economy and employment are the shared responsibility of all politicians, in close cooperation with the private sector," he argued. And the President of the ECB concluded: "It is their responsibility to deal with the worst crisis in the postwar period. We can not substitute for governments under any circumstances. "

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Few economists have criticized the ad. Only the Swiss investor Marc Faber, known for his pessimism, has won the CNBC: "The plan announced a new failure of Keynesian stimulus package of public interventions and depraved," carried away on CNBC. "And when the time is to reduce public deficits …No, really this plan is a joke! "A lone voice: combining cuts employers' costs and expenditure target, the plan seems to be welcomed by the community of economists.

With this plan, "unemployment will be lower in 2012 than it would have been without that nothing is done," admits conservative Heidi Shierholz in the New York Times. Economists differ on the impact of quantified measures presented by Barack Obama. Optimistic, Heidi Shierolz, the Economic Policy Institute, predicts 4.3 million jobs created, including 1.6 million by the simple extension of existing measures. The Department of Economic Analysis calculates Moody's for its part that the plan should create a total of 1 Online payday loans.9 million jobs.

Growth side, Obama's plan "would allow the U.S. economy continue to grow at a minimum," said Steve Blitz, an economist at ITG, quoted by the Financial Times.Economists are almost all agree that the billions of spending will have an impact on growth. But which one? It all depends on measures that will stand the test of Congress, where Democrats and Republicans will have to find a compromise.

"If a miracle occurs …"

"If a miracle occurs and the intact plane passes this stage, U.S. growth could exceed 3% in 2012" against approximately 2% forecast by economists without a recovery plan, advance Rudy Narva, an economist at Societe Generale. But after blocking observed about the debate on the debt cap, observers remain cautious. The difficult economic situation, however, could force both sides to compromise.

"The stakes are enormous for those Americans who are unemployed for too long, and for America as a whole," says Mohamed El-Erian, head of the investment fund Pimco."Hopefully, elected officials in Washington will be up."

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Thus, for the IMF, "the most efficient would be a substantial recapitalization mandatory European banks with private funds in the first place but also of public funds if necessary." Christine Lagarde has called for research by the policies of a common vision for the future of the continent.

But the executive director of the IMF gave no indication about how to get there.Thus, Sebastian Bartholomew, credit analyst for Louis Capital Markets believes that the statements of Christine Lagarde is "a call to order IMF but do not provide concrete solutions." The specialist also wondered what private funds would be inclined to give money to banks, "who wants to bring money to the banks unless the States?" Support from private funds, wanted by the former tenant Bercy seems to be excluded.

Regulators want details

Thus, fearing that such a disadvantage about the banking sector already affected by the stroke of tobacco stock this summer, some regulators would consider asking the IMF chief to clarify his remarks, reports the Financial Times.Indeed, while Europe is mobilizing to try to reassure investors on the health of major institutions of the old continent, reports Christine Lagarde could undermine their efforts credit reports free. The stress tests were particularly aimed at reassuring the financial community. French Banking Federation (FBF) was also stressed that French banks "have passed the stress tests in July European and ACP, the national supervisor, performs regular checks to ensure the smooth operation of banks' .

As such, the FBF reiterated this morning that the French system has full confidence. The Federation reiterated, like what she wrote on August 19, that 'capital levels are well above regulatory requirements and programs for refinancing in the medium and long term are conducted under conditions quite satisfactory. "

And the banks themselves have reiterated they do not need to raise new money. In early August, to mark the publication of its results, Societe Generale has reiterated that it has strengthened its financial strength, and for BNP Paribas. August 25, Crédit Agricole has also sought to reassure. The bank, whose accounts the second quarter suffered a heavy burden to Greece, said it had to end in July of more than 120 billion of liquid reserves immediately available. Jean-Paul Chifflet, general manager of the bank, had also told the BBC: "We have no difficulty in funding us."

In exchange, banking stocks are holding up well CAC40.Credit Agricole advance of 1.1%, 1.3% BNP Paribas, Natixis and Societe Generale 1.7% against an increase of 1.3% for the CAC 40.

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