Sundial of world news

No G20 has been so well prepared. But no G20 will, either, been so confrontational, so it comes at a key moment for the credibility of this forum of the twenty largest economies in the world. Revived by the Fed's decision to inject $ 600 billion of liquidity to support the U.S. economy, the war of tossed the exchange program Oiled Korean presidency, openly opposing the U.S., Europe and emerging countries payday loans.

Back to square one. Bad weather, resignation, voting law, the failure of strikes renewable and vacillation of the Inter have been right in the 8th mobilization against pension reform in eight weeks. Between 375,000 (according to the police) and 1.2 million people (SGC) have demonstrated to demand to Nicolas Sarkozy not to promulgate the law on pensions as soon as the Constitutional Council's opinion rendered. Three to four times less than the height of the protest on October 12 and as much as 27 May, when the first call to demonstrate against the pension reform.

Several central reformers were awaiting the outcome of this day to hone their strategy for the organization of the "new appointments national mobilization during the week of November 22 to 26" act Thursday and whose terms will be defined embossed business cards Monday night."People have understood that it bent, recognizes a part of the CFDT. This mode of mobilization is no longer the most appropriate and we must find new forms of action. "The UNSA no longer deems appropriate to organize" a new day if there is not followed. " As for the CFE-CGC and the CFTC, religion is made: if a new day is organized identically, it will be without them.

"A terrible mess" for FP

This desire to "move on" is not shared by the radical wing of the Inter who will continue to surf the antisarkozysme. Unaffected by the receding movement, FSU wants to "give a layer" at a "national mobilization in Paris" coupled with a day of strikes.As for the CGT, Bernard Thibault, whose leader is accused by extremists to have accompanied the reform of government that there be more opposite, she will not let down our guard until the entry into force of the first steps reform in July 2011. "By a continuous fire from local initiatives, professional, we will maintain the balance of forces and the government to revisit contraindrons, sooner or later," explains the head of the Central de Montreuil.

All unions – with the exception of FOR who speaks of a "terrible mess" and act its output of the Inter – have a strategic interest to agree and it is unlikely that their beautiful unity crumbles color business cards .Organizations will find that, tonight a new compromise – including returning to the fundamentals of the crisis, focusing on the fight against unemployment, rising purchasing power, the preservation of public service and another pension reform – which if not effective, they will stay together.

ALSO READ:

"Retirement at 60: the French no longer believe

Aubry: conflict of pensions will be "another nature"

For many commentators, the eighth day of mobilization against pension reform scheduled for today, Saturday, akin to a "symbolic gesture". For the eighth time in two months, the unions called for a new day of event: 241 marches are planned in the area. But skepticism weighs on the scale of the movement, now that the law was passed by parliament. The first six days of mobilization, including two held on a Saturday, have collected each time millions of people, according to unions, and around one million, according to police. But last October 28, following the vote marked a sharp reflux, with a peak split in half – 560,000 according to police, nearly two million according to the CGT-stop background of strikes, particularly in refineries.

In addition, differences on the effect of movement seem to appear between the unions.The CFDT, pessimistic, appears to outline a crisis while the CGT promises to go through. The number one of the CFDT, Francois Chereque, ruled Friday that the mobilization could now be "back" Nicolas Sarkozy, left to temper the enthusiasm of protesters. "On the subject of pensions, we will now move away slowly," he said on Canal +. "If I say today" we will roll back the president, "I do not think anyone would believe me. We say this, he dreams, "he added."We talked a lot about pensions because the government has accelerated the reform because of the crisis, now we return to the elements of the crisis: massive unemployment, youth unemployment, older, working conditions, the hardship, these are topics that will express in the coming months, "he said.

CGT: "A sequence that can not be that of renunciation"

The determination of the CGT remains rather intact. The organization will continue to mobilize, including whether the bargaining unit cracks, said its general secretary Bernard Thibault, Saturday, in L'Humanité. "Today represents a new high. There will be others. CGT will end up, "warned Bernard Thibault, who said" the movement is deeply installed in the country. " The secretary general of the CGT said that "laws are constantly subject to revision.""The social movement is entering a new sequence that can not be that of denial," he says, criticizing the fact that "some push for alternatives that are either, to give appointments to presidential elections, or to take for granted the rendezvous of 2013 set by the government to overhaul the pension system. "

The scope of the mobilization of Saturday will be scrutinized by the unions. It had reached agreement Thursday on a new "appointment" to mobilize between 22 and 26 November, the details of which will be set Monday. Government and unions have also staring at the Constitutional Council, by the PS, which must approve the reform by December 2.The President of the Republic may promulgate the law, which rejects 60 to 62 years the age of retirement and 65 to 67 years of age for a start at full rate, within 15 days of the downstream of Wise.

(With AFP)

ALSO READ:

"SPECIAL REPORT: The challenges of pension reform

Just days after the midterm elections, U.S. employment surprise. The United States has created 151,000 jobs in October, according to figures from the Labor Department. This is more than double what economists predicted (60,000).

The Labor Department on the other hand lowered the number of job losses in September, to 41,000 against 95,000 initially announced.

Private companies have created 159,000 jobs, 107,000 in September cons. The public sector has destroyed 9000, against 159,000 the previous month.

The unemployment rate, calculated on a different basis, is itself remained stable at 9.6%. Its highest level in a generation.

On the fifth since last June and the first suspicions of tax evasion for the billionaire Liliane Bettencourt, then with the matter of the estate of the sculptor César, the cell's tax department's budget is no more. Baroin, the current budget minister, on Tuesday released two circulars which provide for the disappearance of this structure consists of a handful of members of the minister's office and responsible for responding to taxpayers – individuals like businesses – within the scope of control tax.

"I intend to abstain from any intervention in the proceedings to individual control," wrote Baroin in the circular. Now, all transaction requests will be automatically sent to the Directorate General of Public Finance (DGFIP).Objective: To clarify the role of the budget minister in the initiation and processing of tax audits and avoid future accusations of favoritism has been Eric Woerth, the prédescesseur at Bercy. Baroin reaffirms its call for consideration of these situations together with "special guarantees of impartiality, neutrality, and transparency objectictivité.

Revised procedure

The current budget minister, however, does not completely lose interest records. "Under a Republican use," the minister's signature will remain warranted to respond to an intervention from a parliamentarian, he says. It also intends to be informed of issues "likely to have a media impact" instant payday loan.Even if ultimately intervene unless it is seized by a reasoned opinion of the DGFIP the suspiscions may therefore not be completely lifted.

Baroin also specifies that in case of doubt about the outcome to give the file, then it will collect "the opinion of tax litigation customs and foreign exchange." This body comprises members of the Council of State and judges of the Court of Cassation and the Court of Auditors, provides procedural safeguards for taxpayers in tax and customs matters, said the circular. The admission of the budget minister, interviewed on October 3 at the Grand Jury RTL-Le Figaro-LCI, the committee "did not have much experience so far to make tradeoffs to the Minister."

Finally, the minister traces the roadmap of tax officers for the next two years. Controls would be strengthened in small businesses.as the most wealthy individuals, they must undergo a tax audit every three years. Circular affirùe however, that anonymous complaints would "be disregarded."

(With AFP)

ALSO READ:

"The circular of the Ministry's budget:

-Organizing principles of fiscal control – individual tax situations

"Woerth indicted for tax relief

"Cases Caesar, there are twenty-five"

"Eric Woerth would have intervened in the succession of Caesar

"In re Bettencourt: the boss of the tax due

At 13:30 Paris time, the index futures Standard & Poor's 500 and Nasdaq 100 advanced 0.60% respectively at 1190.20 points from 0.61% to 2142 points, suggesting an opening up of equity markets U.S.. The Dow Jones was expected to rise from 0.44% to 11 139points.

On Monday evening, penalized late in the session by banking stocks, Wall Street ended with no clear direction, more conservative than one week before high-risk: the Dow Jones gleaned 0.06%, while the Nasdaq lost 0, 10%. The NYSE had yet shown up in early trading, buoyed by better than expected figures on manufacturing activity in China, then in the afternoon, the United States.

Markets remain on Tuesday, on the defensive before the results tonight, the results of parliamentary elections in mid-term United States.A decisive vote ahead badly for the presidential majority. But investors expect even more after the meeting of the Monetary Policy Committee (FOMC) of the U.S. Federal Reserve (Fed) on Wednesday evening.

If further monetary easing measures are already acquired, opinions differ, however, the magnitude of the boost that could lead the Fed to the U.S. economy.

Side currency, the euro, which had fallen back ground on Monday night against the greenback, to increase again this Tuesday morning, traders remain cautious as we begin today's FOMC meeting the Fed.The euro has strengthened throughout the morning to exceed $ 1.40 to 13.30.

JPMorgan Chase, Pfizer, or Mastercard to follow

Side firms, publications quarterly results continue, with, in particular, Electronic Arts, Kellogg's, MasterCard, Medco, Marathon Oil, NYSE Euronext, Pitney Bowes etPfizer. The world's number one pharmacy was more resilient than expected in the third quarter despite a net profit down 70% to 866 million, due to costs related to integration of Wyeth, "he said Tuesday.

Bank stocks remain supervised Tuesday.Trade has indeed been marked on Monday, at the end of the session by falling bank stocks in the wake of an article published on the website of ProPublica, an independent body "inquiry in the public interest" reporting the existence of an investigation by market authorities on U.S. bank JPMorgan Chase (-0.56% to 37.42 dollars).

Furthermore, the monoline Ambac is not recovering from the financial crisis and can no longer meet the interest on its debt. Title collapsed yesterday in the New York Stock Exchange, to 50.15% to 41 cents, after the credit enhancer has announced that he might have to open insolvency proceedings if it proved unable to find agreement on its debt.

The Asian subsidiary of insurance giant AIG-American life has come to raise 20.51 billion dollars during its initial public offering in Hong Kong.AIA is within the top 3 largest IPO in the world