Sundial of world news

A slow start. The English concept of "charity shop" landed in France in 2007 when the NGO Oxfam has opened a used bookstore in Lille. Since then, the association has invested Paris, where two "book stores" have settled in the 14th district and in the 11th. It intends to move to the next level, opening mid-December, its first thrift store in Lille. "In line with our three stores, this new store will offer second-hand clothes, good quality at a smart price," said Stephanie Dufour, Deputy Director General in charge of finance and the development of Oxfam France.

With only four stores in four years, the NGO hard to take off his "charity shops" in France. In comparison, there were 45 shops in Ireland in 2010, 36 in Germany (where it is installed since 1995), 42 in Belgium and 697 in Britain, where the phenomenon was born in the 1940s.Today there are nearly 9000 "charity shops" across the Channel, all groups combined. "The concept is relatively new in France. It takes time to make it known, "said Stephanie Dufour. The charge is, however, before encouraging figures. "Our bookshop in Lille will achieve a turnover of 120,000 euros in 2011, a very respectable performance and comparable to those of traditional libraries."

Stores "like the others"

Unlike other charity shops such as boutiques Emmaus 300 or nearly 800 "locker room" and "vestiboutiques" of the Red Cross, Oxfam outlets wants to blend into the landscape business. "We develop like other stores, as well stocked and equipped.

The fall of a six-story elevator building in a housing project in Paris on October 27, revived the debate on the safety of these facilities. Work had been made last month on this lift-de-registered by the company Schindler Somatem, responsible for maintenance. Tenants of the building where the accident occurred will file a complaint against Paris-Habitat, owner, announced their partnership "Tenants angry." The social landlord, he has filed a complaint against X. An investigation is underway to determine if it was a defective part of the manufacturer or poor maintenance. Contacted by The Figaro.fr Schindler declined to comment.

France has 520,000 elevators, accessible to 482,500 people. National Park is the most dilapidated of Europe, half of the devices with more than 25 years and a quarter over 40 years, according to the Federation of elevators no fax needed payday loans.Now, nearly 100 million people use every day a lift. Following a series of serious accidents in 2003, Gilles de Robien, Minister of Works, Transport and Housing, has passed the law "safety of existing lifts" (SAE). State of play:

• High bill for owners

This text imposed new obligations on security, maintenance and technical inspection of elevators. A three-stage timetable was established for this compliance, depending on the severity of identified risks, with maturities in 2010, 2013 and 2018. "At 31 December 2010, the first term, 10-15% of the work was not done," notes Jean-Luc Detavernier, managing director of the Federation of elevators, which includes more than 110 companies (90% of sector).

The Financial Stability Board, responsible for coordinating global financial regulation, announced Friday on the sidelines of the G20 is a list of 29 banks deemed "systemic". In other words, they are major financial institutions worldwide, which by their size or nature of their activities, are likely to destabilize the world in case of bankruptcy.

It's a surprise, as many as four French banks are listed: BNP Paribas, Credit Agricole, Societe Generale and BPCE. Including Dexia, the Franco-Belgian bank in difficulty, the quota is the tricolor represented after the eight listed U.S. banks, JPMorgan and Wells Fargo, to Goldman Sachs. Are also four British, three Japanese, two Swiss, or an Italian bank (UniCredit) and Spain (Santander).Bank of China, finally, is the only Chinese bank to integrate this "elite" of fat.

These institutions, the list will be reviewed annually, will be subject to increased surveillance by the regulators. In particular, they will be more capitalized than their competitors. While the Basel Committee requires hard capital ratio of 7% for all banks, these institutions must show systemic 1.5 to 2.5 points of additional ratio by 2019. The exact level will be set for each speaker in 2014.

Pay the piper

This is for the authorities to break this hellish dynamic in which the banks seek to become ever larger, more complex, with no risk to it since at the end is always the taxpayer who pays the pieces.

The UMP deputies know that the growth forecast (1.75%) on which the draft budget for 2012 is revised downwards, and a new train of savings 5-7000000000 necessary, in addition to 11 billion already planned for next year. "The 2012 budget is credible, but it can be denied by a significant slowdown in growth," Analysis Louis Giscard d'Estaing. The Vice-Chairman of the Finance Committee of the Assembly recalls that "the time of the government of Lionel Jospin, it was the logic of the cicada, while in Germany Gerhard Schröder had imposed a cure without reduction of wage restraint working time, in line with the ant. But the wind is coming … "says the deputy of Puy de Dome, paraphrasing the fable of La Fontaine.Vice President of the National Assembly warned the Socialists: "Those who would maintain the idea that there is room for maneuver in the reuse of public spending, as does Francois Hollande, would directly threaten the notation France and our ability to deleverage. "

However, Louis Giscard d'Estaing is convinced that there is still food for thought in the financing of 35 hours. He will file an amendment in the bill funding the Social Security (PLFSS) for further reduce the limit on exemptions from employer contributions on wages at 1.5 times the minimum wage (currently against 1.6). Which would represent just over one billion euros in savings, if the measure comes into force on 1 January. He even suggested to lower the ceiling to 1.4 times the minimum wage in July 2012 to "give companies time to adjust."The UMP also suggests to "a general movement of the plane of the allocations to the operators of the state" by reducing them to 3% in 2012 No teletrak payday loan.

"Do not replace two staff on three"

In this area, Hervé Mariton (UMP, Drôme) also proposes to "ease the regulations that impact cost." Other proposals of the Liberal "not to replace two of three officials" and "examining investments less profitable," particularly in the area of ​​infrastructure. "Do not panic about short-term savings. We will be judged on the strength and seriousness of a savings plan in the long term, "said Mariton. Special Rapporteur of the mission work jobs, Chantal Brunel (UMP, Seine-et-Marne) will propose to leave the tax deduction on home jobs "all leisure activities and relaxation."Isabelle Vasseur (UMP, Aisne), Rapporteur of the Finance Committee on Social Security Financing Bill, will propose this afternoon the establishment of "prevention, source of major savings in health" she assures.

The former chairman of the Senate Finance Committee Jean Arthuis think we need to "reduce the amount of grants to local authorities" and "to lower executive compensation operators of the state." Former budget minister, Dominique Bussereau is more cautious: "We are still on the bone. The revision of public policies (RGPP) was very effective, so that the state is under-Box at the local level, "says he.

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Having long raged about the punctures of the State Budget, Action Housing, the former 1% housing, just go on the offensive. Reportedly, the joint body attacked last Friday before the Paris Administrative Court of the State's decision to withdraw 3.7 billion euros between 2009 and 2011. These funds are used to finance the Anah (National Housing) and ANRU (National Renewal). "We made an informal appeal with the government against the decree fixing the puncture but we never received a reply, said Jean-Pierre Guillon, Chairman of the Supervisory Board of Action Housing. We decided to attack the government for abuse of power. "

If Action Housing is the case in court today is with an idea behind the head.Last July, the government has said that he would collect 3.25 billion euros over the period 2012-2014 no fax payday advances. To sweeten the pill, the Secretary of State for Housing, Benoist Appeared, has committed to implement clever financial engineering to boost the cash flow of Action Housing. "But we have no documents indicating that commitment forward Jean-Pierre Guillon. If the minister changed, the following may not feel bound by that promise. "More generally, Action Housing, which collects 0.45% of payroll companies, believes that this aspiration will prevent it from fulfilling its mission . For example, he does not see how it could fund 45,000 homes for young people as he had promised a few months ago.

With this lawsuit, it seeks to pressure the state to be released in the coming weeks the decree laying down the drain of 3.25 billion between 2012 and 2014.

It is half a relief to senior citizens out of work. Labour Minister Xavier Bertrand said Monday on RMC and BFM TV partial restoration of the retirement equivalent allowance (REA) abolished on 1 January. At a cost of 1000 euros per month maximum, this aid was a replacement income for the unemployed who have reached the required number of quarters, but not the legal age of retirement.

Established in 2002, the EAR allowed these people, who generally have started working very early, wait until they receive a full pension. Its removal has the financial difficulties some 40,000 people who benefited and who have seen their incomes for many fall by half.Most do in fact perceive more than the specific solidarity allowance, amounting to 467 euros maximum.

"Poor"

As the government had already hinted in September, the retirement allowance equivalent will be restored retroactively from July, but on narrower grounds. The device now called "transitional allowance of solidarity" will concern only those born between July 1951 and December 1953 or, as determined by the Department of Labor, about 11,000 people. It is designed primarily for senior citizens affected by the pension reform adopted last year, which pushes for four months a year the legal age of retirement, from 1 July.

The disbursements are therefore not the same: the retirement allowance equivalent relieve the coffers of more than 200 million euros a year according to the unions, when the new version should not cost more than 30 million. "This is clearly insufficient, responded on Monday the association against the removal of the AER. It ensured the precarious for more than 30,000 people. " "We find that inuspportable employees with a full career are found in social minimum," adds Laurent Berger, in charge of employment at the CFDT.

The decree establishing this recovery, however, should be published in the coming weeks. The issue is even more sensitive than the unemployment of older workers continues to widen, inflating the number of employees who would have been entitled to the allowance equivalent withdrawal before its reform.According to the latest figures released by the Dares, 560,300 people over age 50 were unemployed in August, a number up 13.5% year on year.

The reform of the public can also make people happy. Steria has indeed been selected by the government to ensure the realization of information system (HRIS) in several ministries. Eventually, the system developed by IT services will allow the operator National Payroll (ONP) to ensure the payment of more than 3 million of state agents.

The contract for a period of four years, approximately $ 9 million, is part of the modernization program of the French state.The aim is thus to make available to all client departments "a single computer system and meet the shared challenges of transforming the State civil service," said Steria.

Olivier Vallet, CEO of Steria, said that this contract is "in line with the recent gain of the TMA Chorus for the modernization of budgetary aspects of the state."

The public outsource more and more private

More generally, as part of the reform of the public, the state increases the outsourcing to private faxless cash advance. Several departments regularly use the public-private partnership, recently this method of financing involving the State and communities to a private group concerned the areas of economy, technology, defense, education or further transport.

In particular, the management of part of the tracks is transferred to the private sector.In addition, the police will not be responsible to accompany the convoys exceptional. The state decided to entrust to private companies the management of transportation of wind turbines, ships and other bulky goods. The opening to competition of regional express trains could well tip the railway in the private sector. Public-private partnerships have also been established in the field of defense. The company has particular DCI took over the management of flight hours and the helicopter fleet of the School of Dax.

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"The state accelerates the outsourcing to private

The U.S. stock markets fro in the red on Wednesday. The Dow Jones was down 0.94% to 11,083 points in early trade and the Nasdaq by 1.39% to 2511 points. Tuesday on Wall Street, the Dow Jones gained 1.33% and the Nasdaq 1.20%. The New York Stock Exchange and had lined up a third session in the green row.

Fears about the strength of global growth is also back in force. Economist Nouriel Roubini known to have foreseen the financial crisis of 2008 before anyone else, believes that the United States and most advanced economies are already in recession.

Wall Street keeps his eyes riveted on the crisis in public finances in Europe and particularly Greece. In recent days, world stock markets are won by a wave of optimism about the ability of Europeans to stop the debt crisis.Europeans should take measures to stabilize Greece and the banking sector. Strengthening the emergency fund indebted countries (EFSF) was particularly mentioned. German Chancellor Angela Merkel said Wednesday await the outcome of the audit conducted by the troika of creditors of Greece on its financial statement, to determine whether or not to renegotiate the terms of the second aid plan in the country decided to July 21.

At the same time, the rigor required around among the major economies of the world. After Greece, Ireland, Portugal, Spain and Italy, it was the turn of France to deliver a message of rigor. On Wednesday, the Council of Ministers, France also will formalize its budget to reduce public deficits and contain the debt.The stated objective is to respect the European Treaties and convince the markets.

Among the macroeconomic indicators of the day across the Atlantic, are particularly durable goods orders in August in the United States. They fell by 0.1% in August, while the market was waiting for the same, due to a decline in demand for motor vehicles, according to figures released Wednesday by the Commerce Department. The traditional weekly inventory of crude oil will be announced at 16:30.

As for the oil market, has opened a barrel, down 92 cents in New York at 83.53 dollars a barrel. A barrel of Brent North Sea crude for November delivery gave 96 cents to 106.18 dollars.The previous day, oil had spread over 4 dollars in New York.

Values ​​to follow

Among the values ​​to follow, the company management consulting, technology services and outsourcing, Accenture (4.19% to 55.90 dollars), reported fourth quarter earnings per share of $ 0.91 against $ 0.90 expected and 0.66 dollar last year. Revenues jumped 23% to $ 6.7 billion. New orders reached a record $ 8.4 billion. The Board of Directors has increased its semi-annual dividend 50% to 0.675 dollar and allowed five billion additional share repurchases.For the year 2011/12, the group provides an annual EPS of 3.80 to 3.88 dollars, a growth in turnover of 7% to 10% and order intake in the range of from 28 to 31 billion.

Amazon (3.34% to 231.92 dollars) Wednesday to unveil its multimedia tablet Kindle Fire, highly anticipated, which could by its attractive price to become the first serious competitor to the Apple iPad.Analysts expect the shelf of Amazon is marketed around $ 250, almost two times cheaper than the iPad, sold from $ 499.

Family Dollar Stores (0.31% to 541.01 dollars), posted Wednesday for its fiscal fourth quarter earnings rose to $ 79.8 million (66 cents per share) against 73.9 million (56 cents per share) a year earlier.

For its part, Google (0.43% to 541.71 dollars) will invest $ 200 million in the construction of three data centers in Asia in Singapore, Taiwan and Hong Kong.

Sandridge Energy (0.31% to 6.51 dollars) sold its natural gas fields in Texas, in the counties of Gregg, Harrison, Rusk and Panola to NFR Energy LLC for $ 231 million.Sandridge should reinvest the money in its program of drilling for oil.

Also note, the brand new 787 Dreamliner airplane from Boeing (1.43% to 63.68 dollars) landed Wednesday morning at the airport in Tokyo.

The Paris Bourse finally returns to the threshold of 3000 points. On Thursday, the CAC 40 closed up on 3.27% to 3045.62 points. Other European markets follow the same path: Milan ended up 3.56%, 2.11% from London, Frankfurt and Madrid from 3.15% to 3.63%. Wall Street was also in the green fence at the time in Europe.

Investors seem reassured by the willingness of European leaders to develop concrete actions to leave the eurozone its difficulties. Among them is the establishment of an agreement in principle to toughen the Stability Pact and fiscal discipline common in the EU, which provides for sanctions for countries that would leave too lax spinning their deficits. Another reassuring element: the willingness of German and French leaders to avoid an out of Greece in the euro area and the Greek government's determination to break the budget impasse.

Brazil and Russia have also said they were considering a support action. While international solidarity is organized to support Europe, Christine Lagarde since Washington recalled the need for world leaders to "common front" to avoid falling into a global recession will spare "person business card."

These statements on the euro area, combined with bargain hunting, did overshadow the release of mixed U.S. indicators (including the employment front) and European (growth on less-than-expected expected in the second half).

Side values, the banking sector was further illustrated by a sharp rise. Operators have particularly appreciated the decision taken by the central banks of the richest countries to take concerted action to expand the supply of banks in dollars.BNP Paribas is the largest increase in the ACC (13.38% to 30.50 euros). It is followed by Natixis (7.12% to 2.49 euros), Axa (6.49% to 9.89 euros), Credit Agricole (5.89% to 5.52 euros) and Societe Generale ( 5.44% to 18.33 euros). The area was not affected by the announcement of the massive fraud that hit UBS.

Another day value, LVMH, which climbed 3.44% to 115.65 euros after announcing choosing Jordi Constans, come to Danone, to succeed Yves Carcelle at the head of Louis Vuitton in 2013.

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The health of European banks worried. So much so that the question of nationalization resurfaces. The possible bankruptcy of Greece and the contagion to Spain and Italy that would result are panicking investors who continue to attack for several days bank stocks. Since the beginning of the year, BNP Paribas, Credit Agricole and Societe Generale have lost between a "large" third and 60% of their stock value. On the first day of September, the losses of the three titles are respectively 17.45%, 22.33% and 27.69%.

The fault, among other things an IMF report indicating a need for 200 billion euros for all European institutions. And, two days after the executive director of the institution, Christine Lagarde, has said that banks needed an "urgent recapitalization."Statements that had caused an outcry among European officials. On the sidelines of G8 was held in Marseille on Saturday, the former Minister of Economy and Finance held to explain the 200 billion euros. "This figure was included in a draft document and did not reflect the final estimate of the IMF, she said. This is not a stress test conducted by the IMF. " He added: "This is not the overall need for capital for European banks." As acknowledged by the President of the European Central Bank, Jean-Claude Trichet earlier this month.

The dissenting voice of the German finance minister

But Christine Lagarde acknowledged that differences still exist between the IMF and ECB experts on the methodology to achieve the quantification of the capital requirements of banks.The final decision of the IMF should be in the final report, whose publication is expected by the end of September. The difference analysis between the IMF and the Europeans based in part on how to account for the value of government bonds of countries at risk in banks' balance sheets. The Anglo-Saxons are in favor of the idea of ​​using their market value, while the Europeans prefer to use internal models are less sensitive to changes in short-term securities.

Meeting in Marseille on Friday and Saturday, finance ministers from the euro zone wanted reassurance on the European banking system, swearing that he will not go bankrupt. All? Not a voice was more concerned desired. That of the German finance minister, Wolfgang Schäuble, who would, according to Spiegel, already developed a plan to prevent the bankruptcy of Greece.