Archive for the ‘economy’ Category

Thousands of demonstrators march against austerity

May 1, 2012 - 3:04 pm Comments Off

 

Thousands of people started marching Tuesday across France to say no to them according to the austerity imposed by the European Union and call for a genuine policy of growth to five days before the second round of presidential elections.

Nearly 290 processions are announced by the CGT, one in the afternoon in Paris, where walkers will have been preceded by a National Front demonstration and where they will parade during a political rally organized by the outgoing president.

The inter-union (CFDT, CGT, FSU, UNSA and Solidaires), promises that there will be no political message on the banners of the first parades in May-but the CGT, unlike other organizations, called for "beat Nicolas Sarkozy."

In Marseille, about 20,000 people, according to unions, protested for a parade more social than political. "This gives it a special flavor, but we do not mean our demands immediate demands in the pocket," said the delegate county of the CGT, Mireille Chessa. The banner head behind which all the unions, with the exception of FO, marched, summed up this attitude. "Against the austerity policies, workers united for social progress" could be read. Fralib employees, who for nearly two years to oppose the closure of the last site in France to make the teas Elephant, opened the procession.

Holland in Nevers to honor Beregovoy

About 1500 people marched in 4500 in Strasbourg and Mulhouse, according to a statement made on site by Reuters, a significant interest in Alsace, while the region is in middle of spring break and the CFDT was not involved, as organization, in the event.  

In Strasbourg, where employees of the truck manufacturer Caddie, in receivership, opened the parade, only a few slogans directly recalled the presidential election, as "If you're against Sarkozy, clap your hands", sung by the Orchestra of the CGT.

In Paris, delegations from the Socialist Party and the Left Front should remain in the rear of the parade as not to hinder the trade unionists and Francois Hollande has chosen to honor Nevers (Nièvre) to Pierre Beregovoy, the Prime Minister Francois Mitterrand, who s 'committed suicide there exactly 19 years.

Union leaders see as a "provocation" of Nicolas Sarkozy's decision to hold its own gathering on the job after reporting since the beginning of the campaign "these intermediate bodies" that are the unions.

"The first is May-workers and anyone else," said Francois Chereque Tuesday on BFM TV. The secretary general of the CFDT, which does not give instructions to vote, said the speech of Nicolas Sarkozy on the job has become "unbearable." "Every time there was a takeover in the history of politics on this holiday (1-May-Ed) was derived in a context of undemocratic," he said Monday in an interview published by Liberation .

Thibault argues for a social Europe

The secretary general of the CGT, Bernard Thibault, has instead confirmed he called to vote for Francois Hollande. "The CGT called to fight the current president," he said on Europe 1. "I am surprised that some are surprised that a union of employees can have an opinion about the issues of a presidential election."

"It's from the social balance sheet, economic and president of his intentions – among his first, he wants to, as the employers claimed, a reform of the definition of termination for economic reasons," that this position has was taken, he said.

The SGC requires a minimum wage to 1,700 euros per month and expects Francois Hollande, who has promised a big meeting with the social partners if elected on May 6 before deciding, he goes in that direction very quickly. Bernard Thibault believes that the austerity measures introduced in the European Union led the latter to the disaster and calls for a social Europe.  

To better themselves as "unifier" Nicolas Sarkozy faced with a "who wants to divide", the Socialist candidate Francois Hollande has sent a letter to leaders of the five confederations. He reiterated his promise to do major players in the next five years if they win.

(With Reuters)

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Ferrero reimburse $ 4 a jar of Nutella

April 29, 2012 - 1:04 pm Comments Off

 

Ferrero will have to pay for providing the Nutella to American children. The manufacturer of the famous chocolate spread, which is the subject of a class action lawsuit brought by a California mother who did not know that Nutella was so bold, will indeed come out the checkbook to settle the case. He agrees to pay up to $ 4 for every jar of Nutella purchased in California between August 2009 and January 23, 2012, or the rest of the United States between January 2008 and February 3, 2012. The agreement does not include the rest of the world.

Consumers should send their application before July 5 (a maximum of five pots), four days before the courts definitively validate the regulations. The group will pay a total $ 3.05 million.

"Shocked"

Athena Hohenberg, mother of a child in San Diego, had made the dough, nutty taste of the main element of his son. She said she was "shocked to discover that Nutella was neither healthy nor nutritious food, but it was barely better than candy and it contained dangerous levels of saturated fat." In its complaint, filed in February 2011, it considers that promotes Ferrero Nutella as "an example of a balanced breakfast and delicious" and paste "healthier than it actually is creditreport."

Following this case, Ferrero USA is committed to "change some statements on the marketing Nutella" and better detail its nutrients, according to the text published on the site nutellaclassactionsettlement.com. "We think it is in the interest of the company to resolve these issues," said a spokeswoman for Ferrero.

The complaint of Athena Hohenberg, however drawn criticism in the local press. The LA Weekly and advises to "procedural mothers of California" to behave responsibly. "Try to make yourself snacks for your children. A jar of Nutella, occasionally, do not hurt, if you feed your children properly. And it's so good spread on a pancake, "concludes the paper.

(With Agents)

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Users angry launch "Operation Phantom TGV"

April 21, 2012 - 9:32 pm Comments Off

 

The ras-le-bol rises among users of TGV Nantes / Angers / Le Mans / Paris. And also the response … The members of the collective defense of Subscribers Line Atlantic (Ladala) took a new step in their protest movement against the repeated delays of the station, on the line leading to the capital. The trick to reach the railway portfolio. To do this, they have not hesitated to launch a "ghost TGV" massively by booking every seat of a TGV line in question. Of seats they will not play of course. Each member buying between 5 and 10 seats, 800 seats have already been blocked, all classes, as pointed out this morning on RTL Pascal Mignot, the representative of the collective.

Reaction except the SNCF, the train should travel empty, which would result in a serious shortfall. Because the protesters are concerned subscribers, a status that gives them access to places for a mere $ 1.50. And the date chosen is not trivial since the 250 members of Ladala have set Wednesday, May 16, the eve of Ascension Day and the weekend so great starts.

Greece of tickets

This is not the first time Ladala tries to voice his displeasure. Mid-March, the group had launched a strike of tickets and passes, along with daily rallies in trains and on platforms. Faced with the continuing delays and lack of financial consequences for the SNCF, the association thus increases the pressure, also taking on its website a statement of the duration of the movement, and delays on this line poor credit personal loans.

Faced with the accumulation of failures since the schedule changes in December 2011, their demands are clear: rate freeze on packages (over 500 euros per month), on-time to avoid disputes with employers, indemnity 2.5 euros per 10 minutes late, and got 150 euro for subscribers to compensate for failures of January, February and March. In total, officials estimate that the collective duration of 14 hours cumulative delays over this period.

Side of the Authority of the quality of service in transport (AQST, dependent on the Ministry of Ecology), although the figures show a surge in failures since November, with up to 30% of trains delayed . But since February, the trend seems to be improving. Apparently not enough to calm those subscribers, still wearing a badge "subscribers on strike," which also launched an online petition and sent a letter to presidential candidates. Denouncing a 18% increase in travel time on an ordinary trip to Le Mans / Paris, they have finally created a Twitter account inviting followers to list all the failures of the Atlantic line. An initiative that has been emulated the Creusot subscribers and Amiens have since joined the movement.

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Buffett suffers from prostate cancer

April 18, 2012 - 1:56 pm Comments Off

 

Less than three weeks of its annual general meeting, it is very bad news just learned that the 40,000 shareholders of Berkshire Hathaway. Buffett suffers from prostate cancer.

"This note to say that I was diagnosed with prostate cancer stage 1. The good news is that my doctors told me that my health does not put anything in my life in danger or does not weaken me enormously, "says legendary investor highly respected in the financial community, in a letter. In his message, he explains that he and his doctors decided he would undergo radiation therapy for a period of two months starting in mid-July.

This protocol will restrict its ability to move, but not prevent it to work everyday, he said. The shareholders of its holding company, Berkshire Hathaway, will be required to the evolution of his health, he further said.

However, the American billionaire sought to reassure its shareholders. "I feel very well – as if my health was perfect – and my energy is 100%" guarantee multibillionaire. More importantly, this announcement comes six weeks after the guru of finance said that the estate is already assured. He concluded: "I will inform the shareholders (Berkshire Hathaway) immediately if my health changed. One day, of course, it will happen. But I am convinced that this day is still far from us, "he concludes.

The YPF oil causes a crisis between Spain and Argentina

April 14, 2012 - 6:56 am Comments Off

 

The possibility of a takeover by the state oil company YPF of Argentina, 57.4% owned subsidiary of Spain's Repsol, has provoked a lively access of diplomatic tension between Madrid and Buenos Aires. "Any aggression against Repsol violating the principle of legal certainty will be taken by Spain as an aggression," said Friday the Spanish Foreign Minister, Jose Manuel Garcia-Margallo, just after having summoned the Ambassador of Argentina.

Detonator of the sudden onset of fever, a meeting Thursday between the Argentine president, Cristina Kirchner, and provincial governors, who must consider the possibility of a joint venture with YPF, that is to say partially nationalized. The Argentine government is pressuring oil companies to increase their domestic production, the country's oil bill last year soared 110% to $ 9.4 billion easy payday loans. Accused of not investing enough, Repsol YPF has been withdrawn in recent weeks 16 oil concessions by half a dozen provinces. Repsol YPF is the leading fuel in Argentina, where it controls 52% of refining capacity and 1,600 service stations. It also represents two thirds of the production of Repsol.

"International plague"

In Madrid, some fear that Buenos Aires does not benefit the situation in which economic weakness is now Spain to advance his pawns. Hence perhaps the force of the reaction. The Spanish Secretary of State to the European Union, Inigo Mendez de Vigo, said that "Argentina (would) become an international pariah," warning "that within the international community, break the rules has a price. " The European Commission called on Argentina to "protect foreign investments on its soil."

Kindy takes the brand Achile

April 12, 2012 - 2:40 pm Comments Off

 

Kindy clothing, French leader of the sock, was to announce Thursday at the bar of the Commercial Court, the acquisition of Achilles. A small mark, also born in France in 1987 and which reached its heyday in the 1990s thanks to its range of fancy decorated characters and other cartoon heroes.

In receivership, Achilles did not realize more than 2 million euros in turnover to around 500,000 euros in losses. Since 2003, its sales have fallen by half. "Achilles, sleeping beauty, has lost ground due to lack of export, but is very well known and strong presence on the Web, retailers and Galeries Lafayette," said Joel Petillon, CEO of Kindy, income profit in 2010, whose turnover exceeds 45 million euros.

It takes the brand, "whose great fame is inversely related to turnover", and 9 out of 13 employees Business Card Holders. It will boost exports and gradually relocate production for summer 2013 collections, the site of Moliens Kindy (Oise), whereas it was outsourced to Morocco and Turkey.

High value added

Kindy fact itself, since last year, again Moliens knitting socks with high added value, "technical", sports, and allied to allergic or diabetic. But the majority of his socks are made in Turkey, Portugal or, for only 15%, China. It is marketed under the claws Kindy, Sun, or under private labels.

Achilles is not the first acquisition for Kindy, who notably restored color to children's shoes GBB, repurchased in 2006.

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The end of the euro drawn by a boy of 10 years

April 4, 2012 - 2:24 pm Comments Off

 

Organize the output of Greece in the euro area, child's play? Almost, in

The end of the euro in a diagram, seen by Hurre Hermans, 11 years No teletrack payday loans.

The return of young adults with mom and dad

April 2, 2012 - 9:40 pm Comments Off

 

Happy who like Ulysses, has made a great trip, and then returned to live with his parents the rest of his age … This aspiration, a bit outdated, back up to date. For young Americans, the journey of initiation into life ends more often at home. They have gone to university, got out, they struggle to find work and even when they got their job, they are so indebted for their education they can not afford a roof. This is the "boomerang generation", as it is called there, one that returns to its starting point, in the family cocoon.

Three out of ten young adults 25 to 34 years lived at one time or another permanently with their parents in the United States since the beginning of the economic crisis of 2007, reveals the Pew Research Center. This body of socio-economic, non-partisan and hyperactive, which one would like there the equivalent in France and Europe, launched last December a survey of 2,048 adults. He points out that 51.4 million Americans now live in a "multigenerational family" (at least two generations of adults in the same dwelling). A record since the postwar period. The proportion of 25-34 year olds living with their parents, or sometimes with their grandparents, has doubled since 1980, as already shown by the decennial census of population conducted in 2010.

The problem also as much of Europe, although it is regrettable delays in our statistical system. "One in three men and five women living with their parents," according to the latest Eurostat survey dating back to 2008 and 51 million Europeans in this situation. Old Contains more distinguished by its diversity. In Italy, 47.7% of men 25 to 34 years remain in the family fold (and 32.7% women), against 2.8% and 0.5% in Denmark. While the Italians look fondly their "bamboccioni" (big babies), the Danes are doing everything to make them go away. "In Denmark, young people receive public assistance for their education and housing from 18. These scholarships are awarded regardless of parental resources: youth autonomy is considered a right, "says Olivier Galland, research director at CNRS.

For its part, France is among the Nordic model and that of southern Europe, where the crisis has amplified the tradition of bringing together several generations of adults. As part of the Eurostat survey, INSEE has identified "340,000 women and 630,000 men who live with at least one parent or step-parents, or 8% of women and 16% of men aged 25-34 years. "

In the U.S., the multigenerational family is experienced as a convenient answer to the economic crisis and unemployment. "If there was an alleged defect with living with his parents" when you have 25 to 34 years, "Today" boomerang generation "does not have this complex," says Kim Parker, Pew Research Center . For the vast majority (78%), they are satisfied with "the arrangement of their lifestyle." And besides the figures show that families where several generations are less affected by poverty than the rest of the population.

"Family accordion"

Sociologist Katherine Newman and university, recognized expert of "working poor" across the Atlantic, invented the concept of "family accordion": it inflates and deflates at the discretion of the business cycle. But one of the factors that penalize the hardest young adults today is debt-related educational expenses: average $ 27,200 for each graduate and 1000 billion total, according to Federal Reserve Bank of New York. A huge ball during periods of unemployment and wage moderation.

But beyond the explanation of economic and financial "boomerang generation" she expresses the most profound changes in society? In France, the phenomenon of "Tanguy", the name of this young 28 year old who can not leave the parental nest, was highlighted in 2001 in the film of Stephen Chatiliez. And last month, Jean Ormesson recalled with happiness (in the Figaroscope): "I lived with my parents until the age of 35" (at 95 rue du Bac, in Paris). The lifestyle of the Faubourg Saint-Germain and its charms are democratizing Proustian would be good news after all.

Across the Atlantic, the debate rages on the implications of this return to the patriarchal family. "The Go-Nowhere Generation" (which goes nowhere), accuses Todd Buschholz economist (former advisor to George Bush Sr.), and cite the decline in driving among young people and even falling sales Bicycle. Mobility is one of the strengths of mythic America.

Conversely, Professor Robert Shiller, an expert on real estate and finance, cites the example of old farming families that housed three generations on the same farm. This intergenerational solidarity daily should help us better understand and manage the practical problems of pensions. "Family, I love you" is a good slogan.

The strategic oil stocks in France

March 29, 2012 - 8:56 am Comments Off

 

What are the strategic oil stocks?

As a state member since 1974 to the International Atomic Energy Agency (IEA) – created in response to the first oil shock – France has an obligation to provide oil stocks equivalent to 90 days of net imports or about 17 million tonnes. Member States of the European Union are also required to undergo a similar provision. In early October, the French reservation represented 98.5 days of oil consumption, 60% of processed products and 40% of crude oil.

How are they managed?

This is the Professional Committee of strategic oil stocks (PSSDC) which is responsible for building reserves. All operators who sell oil in France are legally obliged to contribute to their supply. Each of them must provide the equivalent of 27% of quantities released for consumption in the previous year. Some of these quantities is given to manage the limited company inventory management security (SAGESS), which operates under the aegis of PSSDC. The rest is kept available in the repositories of the operators.

The reserves are spread over 235 depots around France. The regulations provide for their distribution in the seven major regions called "defense zones" in administrative and military language, so that each zone has ten days of minimum fuel consumption low fee payday advance. Filing the largest (6 million cubic meters) is located near Manosque in the Alpes de Haute-Provence.

Under what circumstances can they be used?

Strategic stocks are intended solely for civilian use. The Army manages its own reserves separately. In the case of a local crisis of supply, CPSSP may transfer stocks to oil operators, who must agree to make restitution of less than a month. During this time, operators must also make available PSSDC equivalent quantities of products in another place. These punctures are very limited and local.

To really begin three months of compulsory reserve, we need a government decision, taken in cooperation with the IEA and the European Union. Only a severe supply disruption due to a serious international crisis (eg, an oil crisis or boycott a producer), can in theory lead to such a decision.

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The media, new target Facebook

February 25, 2012 - 1:40 pm Comments Off

 

The revolution that began last September by Facebook is now bearing fruit. The founder of social network, Mark Zuckerberg, was then unveiled the "Timeline apps", applications that show the profile of a user's activities on other sites as well-display the songs that played on Spotify read articles the Wall Street Journal. They were accompanied by new action buttons such as "read", "listen," "look" … Several services, including Deezer and Dailymotion in France, had created their applications in the process, followed in January, many other publishers content.

Results published recently by Facebook are spectacular. Since September, 25 million users have installed the application from Yahoo! News. That of the Guardian newspaper has attracted more than 6 million users, half of whom are under 25. More than 10 million people read the Washington Post on Facebook every month five times more than the daily hoped for. In France, the site of movie reviews Cinemur recorded a jump of 40% of its traffic. At Dailymotion, engaging users, who watch more videos on Facebook and connect more often with their IDs on Dailymotion, has tripled.

These successes are helping to win over new Facebook content publishers. Last week, 12 U.S. media, including CBS, the Huffington Post website and portal MSNBC.com, announced the launch of their applications. In France, those of Canal +, Wat (TF1), M6 and Warner Bros. are imminent. "We promise two things to the media: a distribution of their content to potentially 850 million people, and the commitment and recommitment of users," said Julien Codorniou, director of partnerships Facebook France payday loan lenders.

Platform distribution

The virality of social networks operating at full capacity. In France, the fledgling social network travel Wipolo has multiplied by seven the number of users from Facebook. "It was a big accelerator. If we extrapolate these figures, we will save much time on our roadmap, "said Matthew Heslouin, its founder. "The Timeline App provides a distribution platform as powerful as the radio for music," Analysis of turn Spencer Hyman, founder and CEO of Artfinder, a service dedicated to the discovery of works of art. He himself has observed a 60% increase in time spent on its site by users from Facebook.

A priori, the operation is winning for both sides. "The space within the application 100% owned by the publisher who can sell advertising. We do not touch anything over there, "said Julien Codorniou. Facebook sells him, advertising in the sidebar of the browser. To do this, have applications that enrich its database of qualitative information is very valuable. "I listen to Lady Gaga has more value than I like Lady Gaga," says Julien Codorniou. Advantage acquired cheaply: "While Facebook does not touch anything on our advertising revenue, but he pays nothing in buying rights for music and video that contribute to the attractiveness of the platform. The beauty of the tool is that all this work is done by the ecosystem, "says Martin Rogard, CEO of Dailymotion France.

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