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Good news for the restaurant industry. Three years after the creation of the restaurant attached to Blanquefort, in Gironde, Thierry Marx, the chef and vowed the show "Top Chef" on M6 on Monday inaugurated its training project "Kitchen, user manual (s ) "in the 20th arrondissement of Paris, where he originates. Intended primarily for unqualified young people and people in rehabilitation or retraining, this theoretical and practical course of 12 consecutive weeks, including 4 weeks of internship, is free. Best of all, the eight students selected for this first session will graduate (certificate of professional qualification) after training. "'Kitchen manual (s)' offers a new approach to integration and training", says it does in the office of mayor of the 20th arrondissement of Paris, a project partner alongside The associations Eating the Heart and Panorama, and groups of Adecco recruitment and kitchen equipment Enodis. A project all the more original it is worn by Thierry Marx, a star of the stoves was at the forefront by launching into the niche of molecular cuisine.

Thierry Marx. Photo credit: Jeff Nalin.

Comparison websites are the modern way to compare car insurance quotes. They're fast, efficient and utterly user-friendly.

 

Generally, the prosperity of manufacturers of diapers in a country reflects both its standard of living – the disposable diaper is a commodity rich country – and its demographic effect. It is different in Japan. For the first time in its history, Unicharm, the largest Japanese manufacturer of layers, found that sales of adult models had exceeded those targeting babies for the past year. Japan shows the proportion of over 65 years the highest in the world: 23.3%, according to official figures for October. If the fertility rate (1.39 children per woman) is also anemic, seniors will comprise 40% of the population of the archipelago in fifty years. In the image of Unicharm, out to conquer the market of the third age twenty-five years here, the Japanese supermarket is mobilized on this customer, "the engine of consumption," according to vice president of the largest supermarket chain, Aeon, quoted by Bloomberg overnight pay day loans. The "baby boom" Asian only, however, limited to the Empire of the Rising Sun. If more than 65 years represent less than 9% of consumers in China, the country's one-child policy, their number was still 26 million expanded gray heads in ten years. A market in which the Japanese Unicharm wants to tackle immediately.

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European capitals have asked the Commission to bone up on the fight against unemployment, but many probably not appreciate his advice: the lowering of wage costs to the free movement of labor across the EU through a minimum wage "modular", Brussels risk of setting fire to the powder to the left and right.

The document, which will be released Wednesday, could also ignite the French debate around employment and Europe, with five days of the first round of presidential elections. As Nicolas Sarkozy, Brussels appears for a lower wage cost burden on businesses. It is a "privileged instrument to strengthen the labor supply," says the latest version of the text obtained by Le Figaro. The Commission suggests alternative resources as VAT, taxes "green" and property taxes.

Another proposal leading risks in contrast to spark outcry among conservatives, echoing an old controversy about the "Polish plumber". This is to overcome the final obstacles to a single labor market in Europe, the U.S. model. "Labour mobility is not sufficient in the EU (…) In order to exploit all the possibilities, it is crucial to ensure a balance between demand and supply of jobs" at European level , the authors note.

Red cloth

On this front, the Commission advances two tracks dangerously undermined. The first is the end of restrictions on employment of Romanians and Bulgarians, programmed by treaty by the end of 2013 but refused by nine countries, including France. The second is the opening of national public employment to all EU nationals, except as validated by the sovereignty of Justice.

Finally, Brussels waving a red rag in front of the entire European left: that of a national minimum wage that could be differentiated by industry professional, provides a way she, "to support the provision of employment ". The authors do not specify the model. But they ensure that wage floors should be discussed "in consultation with unions and depending on economic developments."

The contribution of the Commission is only prospective. It is unlikely that the communication "Towards an employment-intensive growth 'lead in the state. But it looks quite controversial for the twenty-seven Commissioners wish to review it one last time with the college in full force Wednesday in Strasbourg. Against the backdrop of elections in France and Greece, José Manuel Barroso will leave the public presentation in Hungarian Laszlo Andor, Commissioner for Employment and Social Affairs.

For Brussels, it is clear that the challenge of unemployment requires bold solutions. Lagging behind the emerging powers but also the U.S., the EU has lost 4.5 million net new jobs since 2008. Since January, a second recession in three years has increased the average unemployment rate above 10%. And restarted at the same time a growth debate that nobody has yet really convincing answer

.

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"Sarkozy announced an increase in" moderate "unemployment

 

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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Firmly supported by the Head of State, Mario Monti has pledged Tuesday in an unprecedented forcing to wrest the agreement of the unions and management to a comprehensive reform of labor law.

A real marathon began Tuesday afternoon at the Palazzo Chigi to convince the social partners to accept a proposed capital for renewed growth and the return of foreign investment. Leaders of business and all confederations workers clashed Council President and several ministers, including Labour, Elsa Fornero, who prepared the reform.

Throughout the morning, it has stepped up informal contacts to try to reduce the opposition of the main workers confederation, CGIL, strongly opposes any amendment to Article 18 of the Labour Code that prevents layoffs "without just cause. "

In a manner quite unusual, the President of the Republic, Giorgio Napolitano, has thrown its full authority in the balance by calling the social partners to "understand that it is time to uphold the public interest."

Line of Sight markets

The Head of State supports the efforts of the government: It is serious that there is no agreement. You must negotiate. "Meanwhile, Mario Monti has invited the unions to" give up something. "

The economic commentator duCorriere della SeraFrancesco Giavazzi reminded Tuesday that Italy was still in the crosshairs of the markets: "One wonders how investors would react if they had to learn German as (for lack of labor market reform), Italy is not able to return to balanced budgets in 2013 as planned. "

The measures taken so far have been welcomed by the markets, evidenced by the reduction of 166 basis points differential between Treasury bonds and German Bunds Italian: "The largest decline in the euro area", welcomed European Central Bank (ECB). Susanna Camusso, the patroness of the CGIL, Elsa Fornero recognizes the merit of the stubbornness. This minister, who broke down in tears in front of television cameras by saying the word "austerity" when presenting the government's agenda Monti last November, has proved a tough negotiator and determined.

Moderate unions and political parties had welcomed last week in his proposed reform, complex and highly structured. Until the CGIL flu not the wheels.

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A common corporate tax between France and Germany to celebrate the fiftieth anniversary of the Elysée Treaty next year. It is hollow, formed by the dream Paris and Berlin. The German Finance Minister Wolfgang Schäuble and his French counterpart Baroin Monday presented a Green Paper setting out "the points of convergence on corporate taxation" between the two banks of the Rhine.

Reflection launched on 16 August 2011 and summarized by Nicolas Sarkozy: "Germany has a rate of corporation tax but a lower tax base broader" than France. In other words, German companies pay less tax but are more likely to pay. "Our idea is to broaden the tax base on French companies and thus to reduce rates," said the head of state.

The Green Paper points which quickly scans the fiscal convergence seems impractical for a long interest in those where the approximation is possible.

This is essentially the corporate tax. In Germany, the SI is set at 15.5% plus a contribution called "solidarity" of 5.5% and a "tax purposes" which varies according to the municipalities. On average, however, a German company pays a SI of 29.5% approximately. The rate was lowered by ten points over 2008. In France, the general scheme includes a corporate tax of 33.33%, with additional contributions of up to 3.3% for very large enterprises, while SMEs with a turnover of less than 7 , 6 million IS a pay cut to 15%. In total, if we add various other taxes – remnants of business tax – taxes paid by French companies of a certain size are 12 to 15 percentage points higher than for German.

According to the two ministries of Finance, "in order to maintain the competitiveness of German and French companies, the effort of convergence of corporate tax rates should mainly consist of lowering the standard rate of IS French, offset by a widening of his plate. " The effort, it is clearly stated in black and white, will be mainly to make the side of France: "Germany does not aspire to no change in the rate of corporation tax," we read in the Green Paper. Germany might instead be inspired by the French regime for the taxation of transactions between subsidiaries.

Technical work now completed, the two capitals will now launch a consultation, "particularly in the Parliaments and businesses." The goal is to "allow implementation of legislative measures convergence by 2013."

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The drachma, lira and other marks will they soon return to their distributors? Among the patrons, many do not want to believe, but the taboo has fallen in recent weeks, the crisis of sovereign debt has indeed reached the heart of the monetary union. "We're not there, and policies must absolutely do everything to avoid it, demonstrates a pattern of CAC 40. But never the uncertainties have been greater, and in the circles of European bosses, the topic is everywhere. "

Within groups – especially multinationals – the challenge now is to consider this assumption is not quite school, building plans for the "case". A subject on which, not surprisingly, more people start to speak outside the euro area and within it. Across the Channel, Constable British banks have their very formally requested to develop crisis plans ad hoc.In New York and London, in turn, several large financial platforms (CLS Bank, ICMA, Thomson Reuters or FXall) that run from bank to bank transactions, including foreign exchange, have informed their customers that they were preparing. For those operators who brew massive amounts of transactions, it is to ensure full and prompt treatment, even if the name change money.

The bank said target savings of 4 billion euros of equity at end-2013.

To this end, she had set the goal of lowering rapidly than 5% of the costs CIB. Plans job cuts had been launched in Romania, Poland, Egypt and Russia.

Before the General Society, Italian UniCredit, the British HSBC and Barclays, Credit Suisse or Bank of America announced this summer plans job cuts payday loans guaranteed no fax.

Employees of BNP Paribas will be set for their Wednesday morning on their fate: the management of the bank called a central works council (CEC) to present its own special plan to cut staff in France.

The rise of the Swiss franc does not penalize only the inhabitants of the Helvetic Confederation. It also makes havoc among bank customers. The French Association of bank users (AFUB) has already received nearly a hundred and fifty complaints from individuals who have subscribed to loans indexed to the Swiss currency. "But according to our estimates, at least fifteen thousand people were involved across France," Serge evaluates Master, managing director of the association. Financial products attractive at first sight, but which have proved extremely costly since the flight of the franc.

Almost all the loans that AFUB is aware have been contracted in 2008 or 2009 with Crédit Agricole and BNP Paribas. In one third of cases, these loans were to finance the purchase of a principal residence, the others having been made in the context of a rental investment."It's BNP Paribas has been the most offensive. 70% of the loans we have studied have also been contracted to her. These banks were dangling their customers better rates, while ensuring that the franc would remain stable, "said Serge Master.

A law in Hungary

This analysis proved wrong. Safe haven in the crisis, the Swiss franc has appreciated almost 25% between early January and late summer, causing an extra cost of the same magnitude for the subscribers. With money borrowed in the range of 200,000 euros to 300,000 euros, the difference is significant.

If the monthly payments have not changed, the duration of loans as the amount still outstanding has increased drastically. On a forum, a client of BNP Paribas complains, for example, seeing his outstanding capital increase from 133,000 euros to 162,000 euros in the space of a year and a half.

Solutions seem possible, however, in each case. "For three cases, the banks agreed to enter into an agreement with their client. They could exchange their loans indexed to the Swiss franc against a loan in euros. But the whole point of the negotiations is who supports the additional costs of increasing the currency of Switzerland. Banks have sometimes agreed to take half their dependents, "said Serge Master.

In Hungary, where the phenomenon took on a different scale – two thirds of the loans are currently denominated in Swiss francs – the government took drastic measures. A recent law forced banks to exchange the loans against loans in forints, with a fixed preferential 25% below the current market rate. For banks, this measure will cost. Austrian institutions, highly established in Hungary, could include losing the order of 6 billion euros.Furious, the sector has entered the Hungarian Constitutional Court, without success. But the EU could declare the process illegal.

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European stock markets resumed a little height on Wednesday morning, after the statements of Olli Rehn. In Paris the CAC 40 2.59% advance to 2924.50 points. London ahead of 2.30% and 2.39% in Frankfurt. European Commissioner for Economic Affairs has indeed mentioned in an interview with the Financial Times, a European plan to recapitalize banks. Reassuring news while the Franco-Belgian bank Dexia, the first victim of the debt crisis must be dismantled. "We share a growing opinion that we need a concerted, coordinated in Europe," he said, "the capital of European banks should be strengthened to give them a safety margin and so reduce uncertainty "in markets.

Wall Street has offered a nice rebound late in the session after the publication of these declarations, against a background of technical rebound.Europe should follow the trend, despite the announcement of the degradation of the Italian note by Moody's. In Paris on Tuesday after completing a sharp drop of 2.61%, the CAC 40 is trying to bounce back. Asia is more mixed, however, shows Wednesday morning, the Nikkei declining more than 1% to less than half an hour of closing.

In terms of macroeconomic indicators, two figures for the euro area will be published on Wednesday: the retail trade for August and the second estimate of GDP in the second quarter.In the U.S., the ISM index of activity in services is expected in September to 16 hours and the weekly crude oil inventories at 16:30.

Oil markets, fell sharply Tuesday after the courses are starting to rebound on Wednesday morning in Asian electronic trading: the Brent North Sea crude for November delivery gained 1.67 dollars to 101.46 dollars. A barrel of "light sweet crude" for delivery in November was appreciating his side of 1.91 dollars to 77.58 dollars.

The banking sector up

Following statements by Olli Rehn, the banking sector will be particularly followed on Wednesday. In particular, Dexia remains a key concern when it was dismantled has been approved. The Franco-Belgian bank has confirmed the creation of a "bad bank" combining its risk assets.The European Banking Authority (EBA) also discuss the situation of the bank on Wednesday.

Investors engaged in an intense hunt for bargains in the banking sector free instant credit score. BNP Paribas advance of 6.20%, 5.38% of Societe Generale and Credit Agricole of 6.34%, despite the deterioration of recommendation from Goldman Sachs on the sector.

In addition, Goldman Sachs on Tuesday lowered its price targets of several French banks: it is reduced from 68 to 58 euros to BNP Paribas for 9.70 euros to 6.90 euros and Credit Agricole 3.60 to 2 , 80 Natixis. Societe Generale is seen removed from the list of réfence European bank, which reduces its recommendation on the title of "buy" from "neutral."The price target is reduced from 45 to 32 euros.

The energy sector will also be monitored: the CGT federation of energy called because the employees of the gas and electricity in a strike on October 11 as part of a national day of mobilization under five French unions .

Axa (2.39% to 9.20 euros) indicated that the depressed stock market could affect its objectives in 2015 but ensures that its balance sheet remains strong at the end of September.The insurer says remain "fully engaged" in achieving its objectives and it reiterates its policy of dividend distribution

In addition, U.S. funds TPG and KKR and the Caisse de depot et placement du Quebec have submitted preliminary offers for the acquisition of Axa Privaty Equity (AXA PE), the division of equity sold by Axa, according to La Tribune.

The reinsurer Scor (0.93% to 15.78 euros) also confirmed the financial goals of its strategic plan by 2013, especially a return on equity of 10% above the risk-free rate and credit rating Level "AA".Scor still expects a gross premium volume amounted to over EUR 10 billion in 2013, an annual growth rate of 14% between 2010 and 2013 as against 9% previously.

Gecina (-3.05% to 61.05 euros) announced thanking its general manager, Christophe Clamageran, because of differences over priorities in the implementation of the strategy of the real estate group. Bernard Michel, Chairman, is CEO of the company.

Wendel (4.48% to 45.05 euros) said Tuesday it has completed the acquisition of Mecatherm, the global leader in equipment for the bakery industry valued at around 170 million euros as part of the operation.

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