Jan 3




Proponents maintain flirtation with the mystery on its exact size, but with over 800 meters high, the Burj Dubai will have no trouble to climb to the summit since it exceeds by at least 300 meters above the current building in the world, Taipei 101 Taiwan (508 meters). The question is whether this will be the last great Pharaonic site long before the emirate in the Middle East crisis.

The story goes that the emir of Dubai, Sheikh Mohammed al-Maktoum, had returned to its initial project promoters with poor 90 floors. "We thought little of beating the record held by the Taipei 101 tower. But the client asked us each to go higher, but we set limits, "says architect Bill Baker, the firm Skidmore, Owings and Merrill of Chicago, developer of the skyscraper.

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Everyone needs health insurance today. This is because of the ever rising costs of hospital bills and medicines. Not all insurance policies can be applied to our needs.
Dec 30




Coup de théâtre to the Constitutional Council. Tuesday night is no less a pillar of the 2010 budget that the Sages retoque in deciding to cancel the carbon tax in its entirety. In their decision, the constitutional judges – seized last week by the Parliamentary Socialists – have ruled that the law created too many exemptions, which is "contrary to the objective of fighting against global warming" and creates an inequality in tax."Less than half the emissions of greenhouse gas emissions would have been subject to contributions to carbon, because many of these exemptions, they argued.

In detail, the Constitutional Council has stressed that "were totally exempt contribution of carbon emissions from power plants generating electricity, emissions from industrial sites in 1018 the most polluting (refineries, cement, coke …) "emissions from aviation" or "those of the public transport of passengers by road. "These exemptions have led to only 93% of emissions from industrial sources, excluding fuel, are exempt from carbon contribution," according to the text.The tax would have "focused on fuel and heating products that are only one source of emission of carbon dioxide.

An alternative is proposed by Fillon January 20

Shortly after the publication of the decision of the Elders, Matignon has announced that Francois Fillon presented January 20 in Council of Ministers a new scheme taking "full account of the observations of the Constitutional Council. The prime minister maintains, however, that this contribution is needed to guide the behavior of firms and households in terms of energy consumption and reduce emissions of greenhouse gas emissions. "The cabinet of Jean-Louis Borloo for its part indicated that the Minister of Ecology and Sustainable Development Wednesday react to this defeat.

For its part, the Socialist Party – through its National Secretary for the Environment, Laurence Rossignol – did not expect to qualify the decision of the constitutional judges of "heavy defeat for the president. It is both the sanction of a working method that is to do everything in a hurry and a series of announcement effects. For the federation France Nature Environment (FNE), a cancellation is "catastrophic." "The carbon tax is clearly in agony.Copenhagen has shown that political will was not enough in the fight against climate change and today is the leverage that tax is lowered, "lamented spokesman FNE, Arnaud Gosse.

A measure dear to the Head of State

Wanted by Nicolas Sarkozy, the tax, renamed "carbon contribution" by the Senate, was a key measure of the proposed 2010 budget. In total, it would have resulted in 4.1 billion euros in tax revenue next year, including 2.2 billion paid by households. The Head of State himself had described as a "revolutionary tax" and a "major shift" to "lasting change" behavior of the French. The tax was aimed at encouraging individuals to reduce their CO2 emissions by applying the energy consumption of households and businesses, with compensation to individuals.For businesses, the carbon tax would replace the business tax, which was abandoned, however, been validated by the Constitutional Council.

According to calculations by INSEE, the entry into force – scheduled for 1 January – would be to effect a general price increase of 0.3% in first quarter 2010, an increase of about 4 cents per liter gasoline pump. Set at 17 euros per tonne of carbon dioxide (CO2), but she had raised important challenges left, but right where some denounced the introduction of a new tax.

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Dec 22




After Fitch and Standard & Poor's, Moody's has in turn lowered the debt rating of Greece on Tuesday. The bonds are so degraded by one notch from A2 to A1 with negative outlook.

"The repositioning of Greece at A2 level reflects both the very limited risk of a liquidity crisis in the short term and other credit risk in the medium and long term," Moody's justified. Indeed, "risk long term has been partially offset by the government's announcement" last week on the austerity budget.

Reviews of Moody's moderates have tended to reassure markets that apparently he had built a stronger degradation of the Greek notes. The Athens Stock Exchange returning 2.96% in early morning.The interest rate on bonds over 10 years of Greek Treasury bills were even lower, at 5.734% against 5.955%.

Following the announcement by Moody's notes on the Greek, Tuesday morning, the euro hovered around $ 1.43. "The euro is being undermined by the widening spreads (difference between interest rates, Ed) on yields of government bonds in the euro area," observed Friday in a note economists at BNP Paribas.

The difference between the interest rate applied to Greek government bonds to ten years and the German Bund, benchmark euro area widened to 250 basis points, or 2.5 percentage points, recent weeks.

Plan rigor

The Greek Prime Minister George Papandreou, presented last week a fiscal austerity plan to leave public finances slump. The stated objective is to reduce the deficit to 4%.Greece is facing a deficit estimated for 2009 to 12.7% and a debt that represents 113% of GDP.

Moody's remains reserved about the effects of the government plan. "The long term rating of Greece will depend on how the public will accept these measures and the government's ability to implement them vigorously," the agency analysis. However, "neither of these points can not be taken for granted."

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Nov 2




Very good month of October for new car sales in France. According to figures released Monday by the Committee of French Automobile Manufacturers (CCFA), new registrations have increased by 20.1% in October. In all, 210,140 new registrations were recorded during this month, an increase of the market by 25.6% on a working day adjusted. October were 22 working days, against 23 in October 2008. In September the market had already been marked by a significant jump (+14.1%).

In October, the French brands achieve very good performance with an increase of 21.8% for PSA Peugeot Citroën (+7.2% in ten months) and 34.5% for Renault (+6.3%% on ten months). On Nissan Motor, which Renault has a share of 44%, sales rose 39.9% last month. Since January, Nissan's registrations are up 7.1%.Foreign brands generally have their registrations rise by 14.1%.

According to François Roudier, spokesman for the CCFA, the market has again benefited from the triple effect of scrapping bonus, bonus and ecological attractiveness of the new models that appeal to customers and were heavily controlled . The result is disappointing in contrast to the light commercial vehicles (-22.4%) and trucks (-54.5%), road transport and construction through a difficult economic phase.

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Oct 12




The Blackstone investment bank specializing in particular mergers and acquisitions and capital investment, consider an IPO for eight of its companies next year. The group hopes that its companies will be fairly valued at their introductions to "cover the costs significantly," says founder Steve Schwarzman, quoted in newspaper financial columns of the Financial Times.

The daily sees this decision BlackStone new confidence in the market by the U.S.. "The worst is behind us," said Steve Schwarzman.

The Blackstone Group, founded in 1985 by two former Lehman Brothers with $ 400,000, has itself been brought public in June 2007 with a capitalization record 40 billion U.S. dollars.