Wednesday after the nationalization of the first network of savings banks Bankia, the Spanish government on Friday introduced a new banking reform, the second in less than three months. Madrid requires banks an additional provision of $ 30 billion. This will add to the 53 billion that should already be provisioned by the end of the year to cover the risk of real estate the most problematic, representing € 184 billion globally, according to Bank of Spain.

This caution will also be extended to 123 billion of property assets considered non-problematic "for their hypothetical deterioration" in the words of Minister of Economy, Luis de Guindos. In total, Spanish banks will be funded 45% of their total real estate assets by the end of the year. Before the first government reform Rajoy, the rate was only 14%, the minister recalled. Other decision, banks will separate the real estate assets from their balance sheets and place them in specialized agencies, to better assess the right price. "It will be mandatory for all entities," the minister said. In the interests of transparency, and meet there at a request of the Eurogroup, Madrid will carry out audits of accounts. "Two independent evaluators" will be responsible for judging the soundness and credibility of assessments.

Recession in 2013

The question is how banks can finance such levels of provision and how much will be deducted from their own funds. Guindos recalled that during the last injection of public money made by the previous government, the fund Frob had lent 15 billion euros to banks. "The total should be this time significantly lower," he thought, noting that the state would receive an interest rate of 10% on money lent. "The Frob keeps 5 billion in cash. We will see how it will be necessary to supplement, "said Guindos. The Minister further stated that this funding through convertible bonds to five years, would cost "nothing" to the taxpayer.

The exercise of clarity has not convinced the markets: the Madrid Stock Exchange immediately plunged 3%, carried away by banks. The chief minister, Mariano Rajoy, nice hammer that the deficit will not be affected, the target of 5.3% of GDP this year, against 8.5% in December, and above 3% target in 2013 , is very hypothetical. The European Commission, which today released its new forecasts for the euro area, anticipates a deficit of 6.3% of GDP in 2012, even worse, 6.4% in 2013. In less than three months, Brussels has revised up sharply the recession, to 1.8% of GDP, against 1% previously. Next year, the economy would be even the only Iberian euro area to be in red.

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Finally! Nearly three years after entering into partnership, the Alliance Search, research online, the Microsoft and Yahoo! extend to Europe. The operation aims to add Internet searches conducted since those of Yahoo! Bing, the search engine from Microsoft.

This partnership aims to bridge the delay between the two groups facing Google. They desperately need to increase their market share. First, because the algorithms used by search engines feed on queries made: most recent, the stronger the results will be relevant by users.

By capturing more online research, Search Alliance also aims to improve the profitability available to online advertisers and attractiveness. Furthermore, this joint platform simplifies the management of advertising campaigns for advertisers. Thursday, May 4, customers advertising French, British and Irish Yahoo! Search have been switched on the Microsoft platform Adverstising Center. The next step will concern Germany, Switzerland and Austria.

On paper, this combination has many advantages, including simplification, and the advantage of offering an alternative to Google. The only problem is that people do not follow. In the U.S., Google holds nearly two-thirds of the market for online search. Just over 80% in France.

The CEO of Yahoo! lied on his CV

In addition, the deployment of this agreement is particularly slow. Especially in a world that is changing as rapidly as the Web. While Google reflects on responses to set up facing the rise of Facebook, Search Alliance is still looking to counter Google.

And for good reason. The agreement between Microsoft and Yahoo! on-line search was concluded in July 2009. Two years after having negotiated, Carol Bartz, Yahoo! CEO then, decided to suspend operations because of disappointing results, especially for sponsored links. Since then, Carol Bartz was dismissed with loss and noise, before being replaced four months later by Scott Thompson.

But Yahoo! unlucky. Only the group he was commended for a new CEO is a scandal erupted on May 3 Scott Thompson lied on his resume. The man claims to computer science graduate from a prestigious university. It actually has a degree in accounting. The information was revealed by Dan Loeb, head of a fund activist who is seeking seats on the board of Yahoo!. And now, the head of the new boss. If he defends himself by noting that it is just a simple "failure", that is not enough to silence the fire from critics.

United States, we do not mess with the lie. This controversy could not come at a worse for Yahoo!. Already analysts are betting on a possible resignation.

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"The year 2012? It will be for managers of private two-tier one year, with a side business confident in their investment and hiring, and the other companies in the uncertainty and lack of visibility on their backlog. I think this is true for regions: some are well oriented, others display recruitment forecasts downward, "says Pierre Lamblin, Director of Studies of Apec. According to the Association for the employment of executives, three regions are traditionally large purveyors of jobs: the Ile-de-France, Rhône-Alpes and Provence-Alpes-Cote d'Azur (PACA), with 45% of GDP and over half of employment in the private sector framework.

Occupational mobility

This year, the Paris Region companies provide hiring 67,900 to 87,800 frames. "Although the Ile-de-France is a region of opportunities, we note that some executives to leave the better quality of life from 35-40 years. Conversely, applying the Paris region makes sense for executives in the provinces, for example after a hiccup or when the ambitions of growth are not up to par, "said Didier Gaillard, CEO of the firm Expectra. A study by Trendeo on employment in the territories has also established that the Ile-de-France, between 2009 and 2011, has a balance of negative job creation of over 7,000 positions, while Aquitaine shows a positive net balance of 12,340 positions.

In Rhone-Alpes, hiring forecasts recorded by Apec range between 16,600 and 19,900 jobs. Assets of the region? Two strong economic centers around Lyon and Grenoble, a structure of skilled jobs and a good balance between industry and services, type of activity and company size, which smoothes the effects of any economic downturns. "There's always a nice dynamic in sectors such as IT, where even we suffer from a shortage of candidates with hard to fill a good half of the jobs entrusted to us. Rhone-Alpes region is however that manages to attract candidates from other geographical origins, "says Jerome Lieutier, regional head of Expectra. With 61% of executives recently installed, the region is one that seems to attract as many newcomers to the Southwest (57%) and Southeast (59%) says a recent study by Michael Page on the situation frames into regions. In the same study, two thirds of executives surveyed nationally had changed region at their last job transfers.

For Paca, the situation appears more mixed. Companies counting on 11,100 to 14,200 recruits executives, representing an increase from – 10% to 15% depending on the scenario compared to the previous year, according to figures from Apec. Regional Sales Manager for the firm Kobaltt, which operates in the business accounting finance, engineering and IT and telecoms, Gregory Blazquez confirms: "In our business, Paca has declined since the end of last year . "

9000 industrial jobs in Midi-Pyrenees

Although relying on smaller volumes of recruitment, other regions have their own in the game This is the case of the Auvergne, driven by the dynamism of Michelin, or Midi-Pyrenees, which displays recruitment needs in the industry (including Aeronautics) of 9000 new employees in the next two years.

Regional Manager for the Western region Expectra, Isabelle Rivard also recalls that the Brittany and Pays de la Loire together with sectors such as aerospace, shipbuilding, biotherapy, or IT and telecoms: "In this last sector, we face a real shortage of candidates, which has always existed, but was strengthened. "The West wins the prize for satisfaction with 94% of managers satisfied with the region in which they work, according to study of Michael Page on frameworks in regions. 

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FOLLOW THE INSTRUCTIONS ON FIGARO:

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Google, Apple, Amazon and Facebook have better watch out. The French presidential candidates are determined to stop tax evasion which these American giants of the Internet are guilty by repatriating their revenues in France to countries like Ireland or Luxembourg, where tax companies is softer.

In their profession of faith addressed to the Digital Collective of digital players, Nicolas Sarkozy as Francois Hollande promised to introduce fiscal measures to impose American groups as their French competitors in the Hexagon. "We will favor the European way (…) but we also work with a national solution," said the Socialist candidate as well. Specifically, it is to negotiate the "establishment virtual stable" at European level even with the OECD and to use the short term, to "complete business cycle" that can be considered as localized in France transactions of a company headquarters abroad. Both solutions also contained in the program menu of digital Nicolas Sarkozy, who wants "a fair taxation system in France and Europe." These tools would produce more revenue than the proposed "Google tax" championed by Senator Philippe Marini UMP, limited him to online advertising revenues.

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It would have been a shame to keep the good news to yourself! With two months ahead of the traditional Accounts Committee of Social Security, the government announced Tuesday that the results "still provisional" general scheme for 2011. The deficit reached 17.4 billion euros, 3.5 billion less than budgeted and $ 600 million better than expected in the fall. This "hole" remains the third highest in the history of Social Security, according to records from 2009 and 2010 mainly due to the crisis. The improvement should continue in 2012.

The relatively good surprise of 2011 comes from the health insurance. Its revenues were higher than expected and expenditures lower. "This is essentially care city," said its director for Voices. For Frederic Van Roekeghem although welfare is "slightly under-funded," balance the books "is within reach, without embarking on reforms brutal." A whiff of optimism that the two favorites for the presidential does not contradict probably because of brutal reform, there is no question in their programs.

A tax on CO2 emissions

Logically, Nicolas Sarkozy proposes the continuation of actions taken. Down drug prices and volumes consumed, rationalization of the hospital with the development of ambulatory care homes nearby emergencies to relieve these …: these measures should help contain rising health care costs in rates historically low of 2.5% per year. Faced with medical deserts, the president candidate wants to multiply nursing homes and assist in the installation in rural areas or the suburbs – an ineffective way to date – without seeing the freedom of settlement. Against the excess fees excessive, he put on the new system of government (voluntary physicians to limit the excess and reimbursement by complementary), which does not yet meet the main question.

Nothing fundamental about the pension reform after Woerth – only promise to pay the basic pension from the first of the month, instead of 8. Finally, funding side, social VAT will alleviate employers' contributions, so the cost of labor.

Francois Hollande,, cancel account this increase in VAT if it comes at the Elysee. He announced an increase of one billion euros per year pension contributions to fund its only specific promise in retirement: the possibility of retiring at 60 for employees who worked continuously for 41 years. But he also outlined on Tuesday lexpress.fr other avenues for funding Social Security is no longer based "solely on the work", "go further" in the financing of Medicare by the CSG in particular. This time it would reduce employee contributions – a measure of purchasing power rather than competitiveness, without maturity displayed. The socialist candidate also evokes a tax on CO2 emissions it would be at the European level, said his entourage. Responsible for the "social hub" of the Holland team, Marisol Touraine also promises to abolish social niches, beginning with the overtime.

What Safely restore the balance "on the five-year", with an increase in health spending of 3% per year. This envelope would enable hospitals to escape the alignment of their tariffs with those clinics, lower. Holland is also focusing on third-party payer in town doctors to limit the use of hospital emergency rooms. And to reduce the amounts paid out of pocket by patients, without increasing spending Safely, Marisol Touraine threat to frame the excess fees by law in the fall, except that physicians accept by there limits through negotiation. As for medical deserts, it envisages the partial transposition of the device begins to bear fruit among nurses: ban fees for doctors free to settle where they are already numerous.

]]> http://sundialsnakes.com/safely-candidates-clarify-their-program/feed/ 0 http://sundialsnakes.com/sfr-offers-paternity-leave-to-its-employees-homosexuals/ http://sundialsnakes.com/sfr-offers-paternity-leave-to-its-employees-homosexuals/#comments Mon, 13 Feb 2012 08:00:35 +0000 admin http://sundialsnakes.com/sfr-offers-paternity-leave-to-its-employees-homosexuals/  

As of March 1, homosexual employees of the operator SFR will be eligible for paternity leave, like any heterosexual spouse. Eleven days will therefore be available to lesbians and gay employees of the company, whose partner had a child. This decision was taken by Marie-Christine Theron, Director General Human Resources SFR, after an interview Jan. 31 with HomoSFèRe, the association of lesbians, gay, bisexual and transgender group SFR.

The company can do better than the law

Informal meeting at the request of the association, it was that first issue of commitments around the fight against discrimination, to establish for May 17 at the International Day of struggle against homophobia. Then, referring to leave "paternity" for lesbians, claim already before the Board equal professional women / men in November 2011, the DHR has accepted this request, it has even extended to gay fathers.

"This is a first for the association gratefully acknowledges the general direction of SFR for this spirit of openness and dialogue," enthuses HomoSFèRe. "The company can always do better than the law says Marie-Christine Theron. Our company is very proactive on diversity and equality in the workplace. With 20 million customers, I think it is this diversity in our staff. "

She said the gay community is not especially important in the group but "accede to this request was consistent with a normal evolution of our society, so why refuse it?" She asked.

The social partners have already "given their approval," commented the director of HR. The end of negotiations is under way and the social benefit might even be born as this February.

Greece appears increasingly at an impasse. Last night, the various parties in the governing coalition failed to agree on the establishment of a new austerity plan, after five hours of discussion, and despite the urgency of the situation . Greek Prime Minister, Lucas Papademos, said the meeting would resume today. He announced advances on the magnitude of the savings (1.5 point of GDP), bank recapitalization and reforms to reduce production costs. In contrast,. Antonis Samaras, the leader of New Democracy (right), leaves little hope on the fact that a consensus could be reached soon: Troika "demand more austerity, that the country is unable to bear, I 'm fighting to prevent this, "he said last night.

The European Union and the International Monetary Fund called on Athens to make more efforts and implement a new fiscal tightening if the country wants to receive the necessary new loan of EUR 130 billion at least. And time is short because without that money the country will be unable to repay the 14.5 billion euros in loans it owes to its creditors by 20 March. Without this payment, the country will have no choice but to declare themselves insolvent.  

Saturday night, the Greek finance minister, Evangelos Venizelos, said that negotiations should be concluded on Sunday evening that Greece could ignore the threat of bankruptcy next. Similarly, the leader of the Eurogroup, Luxembourg Jean-Claude Juncker, has also increased pressure on the Saturday night party leaders Greek citing the risk of "bankruptcy" of Greece in March if required reforms were not carried out. Athens must indeed conclude negotiations as soon as possible, so that the exchange of Greek sovereign bonds held by private banks can be operated around February 13. With the key, the deletion of 100 billion euros of its debt.

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During the 2010-2011 fiscal year (ending September), the first amusement park in Europe has widened by almost 40% of its net loss group share to 55.6 million euros (-39.9 million against euros in 2009-2010) cash advance america. His last was in 2001 profits.

However, the number of visitors peaked at 15.6 million, 600,000 more than last year. With the exception of the Dutch, all nationalities have contributed to this increase. The French (49% of visitors), Belgians and Italians have never been numerous.

Even the British (13%), whose attendance was down for two and a half years, returned this year with Mickey.

The French are indeed very pessimistic. Only 4% of them believe in a crisis within the next six months. Nearly a majority (46%), however, do not expect improvement until 2014. "This survey highlights the malaise of the French," said Frederic Dabi, director of the division of opinion Ifop."For them, this is a serious crisis which they do not see the exit and on which policies can not be weighed." However, they are preparing for 57% of the "painful and difficult measures." They are also willing to make sacrifices, including cutting costs in their "comfort" and in their holiday budget, the study said.

When asked about the causes of the crisis, 52% of French people point the finger at the role of financial markets. Far behind, the government (26%), banks (15%), EU (10%), the French as a whole (6%), emerging (5%) and businesses (1%) are also considered partially responsible for the current crisis. "Paradoxically, while their commitment to the EU is often tenuous, the French for more Europe," Frederic Dabi analysis.As proof, they say they support the creation of a European Ministry of Economy.

Theme of the presidential election

As European leaders gather in Brussels on Sunday for a coordinated response to the crisis, the French have already an idea of ​​what the state could do 63% of them believe the government should take an interest in banks, either by becoming the majority shareholder of the establishment or nationalization. Despite their concern, 23% of respondents would prefer the state to intervene simply abstain. Maybe they think that the French economy can only suffer, as the government prepares to revise downwards its growth forecast for 2012 still set at 1.75%."Part of the public continues to believe that when dealing with Greece, it does not deal with French," says Pierre Giacometti, advisor opinion of the President of the Republic, in the columns of world.

Yet a few months before the presidential election, the crisis in the euro area will be the theme of the campaign. Nicolas Sarkozy will speak on the subject on television next Thursday, the day after the second EU summit is to say, once firm decisions have been taken. A key event with the French, while the popularity of the president is at half mast. "Even if the credits of some courage, nothing will be counted as long as there is a lack of visibility on the crisis," Pierre Giacometti analysis in Le Monde.

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Accuracy that allows Standard & Poor's to stand out from its counterpart Moody's, which launched a few days ago warning of a possible future revision of his opinion of the French debt.Fitch has also distanced itself from Moody's, ensuring that it does not intend to degrade the rating of France.

Without growth, no AAA rating for France

S & P has built these "stress tests" on sovereign debt from two batteries of different assumptions. In the first scenario, it assessed the impact of a relapse into recession. In this case, France could see its rating downgraded from AAA to AA +, because of lower tax revenues.

In the second scenario, which provides a relapse into recession coupled with a shock on interest rates, then the note of the French sovereign debt could be lowered by two notches.The notes of banking groups could also be revised.

"The soaring deficits and the recapitalization of banks will weigh heavily on the indebtedness of countries in the euro area," said the head of credit analysis in Paris, adding that "the credit quality of the countries in the euro area will thus be deeply damaged. " The rating agency also said it will adjust its ratings depending on the extent of the downturn on the Old Continent.

For now, the assumption of a recession in the countries of the euro area is not the scenario preferred by S & P, which focuses on growth of between 1% and 1.5% on average for 2012. This is not the case of Fitch."The intensification of the crisis in Italy, Spain and other countries in the euro area under pressure, is expected to generate a recession," says David Riley, head of credit ratings of sovereign debt at Fitch.

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