Archive for the ‘economics’ Category

Bercy modifies the rules for fixing gas prices

December 12, 2009 - 11:20 pm Comments Off

After several weeks of reflection, the verdict has finally fallen on the new method of fixing gas prices. The Ministry of Economy, which was to maneuver, just send the document to refer to the Regulatory Commission of Energy (CRE), for entry under the next year, after the publication of a decree .

The government, which ruled until then every three months on possible changes in gas prices, trying to remove a little of the game, at least in appearance. It will no longer once per year, one component of overall framing of the price curve of the molecule. This scheme seeks to prevent the State to meet in full psychodrama whenever Bercy opts for a rise in gas prices.

So now the company, GDF Suez, which will seize the regulator for a rate increase.Which regulator, after watching whether the incumbent's request is consistent with the pricing formula, make a binding opinion. Until now, the opinion of the CRE in the record setting gas prices was only advisory. In the new scheme, the Commission will therefore pose a greater weight.

However, uncertainties remain. In particular, what happens if gas prices are indexed on oil prices should fall? In the reference document, it is not called GDF Suez to decide in what direction. Similarly, it does not ask the regulator to pressure the company to obtain a reduction in charges.

"Let's just common sense: since oil prices are public, they bend permanently, GDF Suez will be forced to seek lower fares.Or the group will draw the wrath of both consumers and government, "says an industry expert.

Psychodrama

So much for the new scheme, at least in theory, developed by the government with the approval of other partners, beginning with GDF Suez. It remains now to see how it will apply in practice. It is hard, in fact, the government remain inactive in the face several repeated hikes in gas prices. Especially during elections, where the energy bill is regularly found in the heart of debates.

In short, despite government efforts, it is feared that this new device does not put an end to psychodramas on gas prices.

France Telecom: the number 2 ready to take orders in 2011

November 27, 2009 - 6:08 pm Comments Off

As the end of appointment of Pierre Gadonneix head of EDF had fed the speculative discussions for several months, the succession of Didier Lombard, head of France Telecom should not give rise to so many vicissitudes. St?phane Richard, the current number 2 of the French incumbent operator, has already announced its intention to become the new CEO as soon as the mandate of Didier Lombard will end in 2011."If the board is willing, if the shareholders agree and if the little pigs did not eat me by then I will become CEO at that date," he said in an interview with the daily Progress on Friday.

"Organizing the systematic mixing of people didn't make sense"

Asked about the atmosphere prevailing within the group after the wave of human tragedies that rocked France Telecom in recent months, St?phane Richard hopes that "the pressure was released (…) with the possibility for employees to express themselves . The Director General in charge of France operations has also qualified as "inept" the principle of mobility managers every three years."Organize brewing methodical individual has no meaning (…) this represents significant costs for interest difficult to collect," he said.

In early December should be made public the results of the survey on psychosocial risks launched by France Telecom with its 102,000 French employees. The firm Technologia, which was assigned to the case, expects a turnout particularly high 75% or about 76,000 responses.

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United States: bad month of October for indicators of real estate

November 18, 2009 - 5:58 pm Comments Off

Surprises in the U.S., with two worrying statistics published in the real estate sector and make future dive on Wall Street. This sector is a particular followed by analysts, real estate is at the root of the crisis and each data is scrutinized.

To begin, starts of new homes fell 10.6% in October compared to September. They settle well to 529,000 annual rate, while analysts had forecast 600,000. Housing starts for September were revised to 592,000 against 590,000 in the first estimate. The key indicator to its lowest level since April, when he hit a record low.

Second blow, the building permit for their share fell 4% last month, to 552,000 units annualized, where analysts expected an increase, to 580,000.Compared to the same period last year, building permits fell by 24.3% and housing starts of 30.7%.