Sundial of world news

They lied. This is a strange admission by Clement and Alec, the founders of La Chanson du Dimanche, the duo since 2007 Sunday night awakens the evil of Internet users in social and crazy song. Yes, they lied to their customers is a confession in the form of heartfelt cry that emerges from this interview.

Consultant bombed out of school, both graduates of the Ecole Nationale Superieure des Telecom are two mathematicians lost time in the land of recce missions and project management. It's hard to imagine a mission, wearing, clean-shaven, explaining to a client redesign of a master plan or the establishment of a new information system … Yet they did.

They retain a bittersweet feeling, a form of disenfranchisement that tells and sings with humor generation in their thirties they belong.On the one hand a job the temptation of food and the gentrification of bohemian and the other the desire to achieve otherwise. From this point of view, Alec and his anxiety to quit pretty much sums up the feeling of all those who want to move on but do not have the courage or the opportunity to go through. Clement has not experienced these feelings. It is the most relaxed of the two and gives math class today until the next season of the Song of Sunday.

Greece must provide more work and results, said the French Finance Minister Christine Lagarde, who put pressure on Athens in an interview with Austrian daily Der Standard to be released this Saturday.

"Greece must deliver results and why the country must do more than during the last twelve months," said Christine Lagarde, whose name is mentioned as a successor to Dominique Strauss-Kahn to head the IMF.

Asked about her refusal of any debt restructuring, Christine Lagarde said: "We already gave Athens more time to repay its loans in the euro area is already a concession." He continued: "It is legitimate that we expected that Greece will make its share of work."

"We do not want a state of bankruptcy"

The French Minister of Economy recognizes that the Greek government has done things, "but there are still areas where things are moving too slowly", referring to privatizations. "Either Greece delivers results, then we can imagine additional help.Otherwise there is the question of how Greece is ready to play the game for its own bailout, "said ministre.Et further emphasized:" What we certainly do not want, c 'is a state of bankruptcy, a default in Europe ..

While the Greek Government discusses the rise in unemployment generated by the austerity plan, the minister reminded the unemployment rate in Spain, according to her superior to that of Greece, but where "the country still does its job, saved and managed to turn around. "

Challenge to implement a program

The rating agency Fitch, meanwhile, lowered on Friday noted the long-term debt of Greece to three notches. This is a new blow to Athens which also saw its borrowing costs on market reached a new record.Fitch lowered the rating of BB + Greek + to B, referring to the "challenge" for Greece that is the "implementation of a program of structural reform and radical tax necessary to ensure the solvency of the state and the foundations of sustained economic recovery "in the country.

"New fiscal austerity measures are necessary" to achieve that Greece's budget deficit target of 7.5% of GDP in 2011, said Fitch. The agency suggests including poor tax revenues and difficulties in implementing a privatization program.

Greece also saw its cost of borrowing on the markets at a record Friday, the rate of its ten-year bonds exceeding 16.7%. Sign that investors fear that Greece is not able to honor its debts.

The Greek prime minister said his country would repay its entire debt."We will refund the loans," said George Papandreou, whose country was granted last year a plan to help the EU and the IMF amounting to 110 billion euros to avoid it default.

But many observers believe that Greece will avoid a major restructuring of its debt, meaning pay creditors later or less than expected. But the European Central Bank precludes this scenario.

In the wake of Fitch, another rating agency S & P has for its part lowered by one notch the rating of the long-term debt of the Crédit Agricole to 'A +' cons 'AA-' before, because of its exposure Greece."We believe that the French banking group Credit Agricole is particularly prone in Greece, because of the issue of solvency and the economic outlook" of the country, particularly through its subsidiary Emporiki, S & P said in a statement.

(With Agencies)

The RSA is still too much to summarize for the assistantship. This is the opinion of the UMP on the social benefit created in late 2008 to replace the RMI. A member of the majority – Peter Lang – early April has filed a bill to require their recipients to perform twenty hours of community service per week. Right about the club's social ex-Secretary of State for Employment Laurent Wauquiez, he is preparing to request a return for five hours per week.

Recognizing this, the Head of State asked Marc-Philippe Daubresse, deputy secretary general of the UMP him "to make proposals to improve and upgrade the RSA, including its component insertion. That's why Martin Hirsch, the "father" of the RIAA, wrote to the former Minister for Active Solidarity letter – that Le Figaro was procured – to inform him of his "reform possibilities."He also said "available" to the convention that the UMP will devote to this subject in June and hopes to "be invited".

The former High Commissioner suggests to integrate RSA's earned income tax, "as expensive, ineffective, inequitable and diluted." One option discarded in 2008 that would "refocus budgetary resources on those who need it most." The president of the Civic Service Agency also proposes to revise the "slope" of the RSA (rate of income related to the resumption of employment that recipients are sure to keep). Set at 62%, he suggested the move to 70% for the RSA is "more incentive to work."This option was not selected in 2008 because of its cost ($ 3 billion, twice the budget approved) and the opposition of the Ministry of Employment.

"False good idea"

To increase the number of beneficiaries of the "RSA activity" (extra income for working poor) has reached in two years that 40% of its target (670,000 households), the former boss of Emmaus proposes to pay The RSA once a year. "A person would not file quarterly for 40 euros per month could ask the same time it made its return all the RSA which it could claim the title of the year, or 500 euros "says Martin Hirsch.

It encourages governments to "re-information campaigns, pointing that it is" rare and unusual "that a new benefit does not give rise to regular campaigns.And calls of "systematically provide a single integration contract" for recipients and above all to punish the double rejection. "This will help determine in what cases are the recipients who refuse a contract and helped when it comes to a lack of offers," he justified.

Martin Hirsch also reconsiders the "false good idea" to request a free exchange. "If we want to take five hours per week of activity to any recipient, then they must pay the minimum wage, or about 100 euros net gain", the only assumption that "do not turn your back to frontally work more to earn more .He blames the failure of the last RSA Young (8000 recipient, cons 16,000 expected) at Bercy, who made "a very inflated forecasts, for pushing the eligibility criteria strictest possible" and calls on the government to relax .

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Each has experienced: it is always extremely difficult to move from average to a respectable level of excellence, whether you are a pianist or a tennis player. The same is true for nations attain the status of "rich country" is not a foregone conclusion. Even when recording a growth of 10% per annum, and for three decades, which has enabled the Chinese to multiply their individual standard of living in a little over a generation.

Economic development is certainly not an exact science, but the trees do not ascend to heaven. Even in the jungle of state capitalism. There is no example in history where the growing disheveled inflected not only from a certain stage.By examining the career of some forty countries since the Second World War, Barry Eichengreen, Donghyun Kwanho Shin Park and discovered that the expansion slows inexorably past the threshold of 16,740 dollars to the GDP (gross domestic product) per capita. Anxious to establish historical comparisons, the three economists have reduced all data in constant currency (dollars at 2005 prices). Their study is published by the NBER (When Fast Growing Economies Slow Down: International Evidence and Implications for China).

This law, the French and their European neighbors have suffered in the early 1970s. In France, 1973 has been the hinge, GDP individual having reached 16,904 dollars. Over the past seven years – the reign of De Gaulle and Pompidou – per capita growth was galloping at a rate of 4.6%.She fell to 2.2% during the seven-year following that of Valery Giscard d'Estaing, a decrease of 2.4% of scheme. The United States had known since 1968 a reversal of the same nature and magnitude slightly higher (2.5%, according to calculations by three economists).

This break in France coincided with the first oil shock, which our countrymen seem to have still not delivered. Since then, it has ceased to lament the state of "crisis". The French have not realized that they had recently experienced a "golden age a quarter century of rapid growth inaugurated by the Marshall Plan and the postwar recovery," said Barry Eichengreen and his two confreres . Fourastie what John called the "Thirty Glorious Years".

China has a number of vulnerabilities

The scenario is in reality always the same: the reconstruction periods are marked by exceptional productivity gains.They do not constitute a sustainable standard. Farmworkers become industrial country imports the new technologies which increase its effectiveness. But once this revenue exhausted, we must innovate and find other vectors of prosperity. Furthermore the threshold of 16,740 dollars, the three economists put forward another concept: things become more difficult when a country obtains a level equivalent to 57% of GDP in the most advanced economy, one that portrays "on the technological frontier "(the United States in this case).

For its part, China still seems quite distant from these two criteria, especially the second (the Chinese GDP was only 19.7% that of the U.S. in 2007). But should it maintain its annual rate of 10%, it would affect the level of fateful 16,740 dollars per capita in 2014. The danger zone is reached in just three years.Barry Eichengreen prognostic so that "a significant slowdown in Chinese growth is imminent."

It is even more positive that China presents to him a number of vulnerabilities, making the course more difficult to cross than others. The observation of the forty countries studied shows that the transition is particularly difficult for a country to an authoritarian political regime, the industrial workforce is over 20% of the workforce and has a weak currency. Korea offers the previous "one centered on manufacturing exports and helped by an undervalued currency, with a consequent sharp fall in its expansion in the 1990s, culminating in the 1997 financial crisis.

Brazil is a land of opportunity

The study envisages a significant shift for China's annual growth would average between 6.1% and 7% over the decade, and would fall another notch (5% to 6.2% between 2021 and 2030 ). Barry Eichengreen believes that "Chinese authorities are convinced that a slowdown will intervene." Beijing seems sincere when he sets a target of 7% annual growth for the five-year plan 2011-2015.

The new emphasis on domestic demand and services, instead of all bet on the industry and export, is designed to circumvent the curse that threatens the country catch up. Many of them never get out of the "middle income trap" (around 16,500 dollars) for lack of a successful transformation.What they think the French have managed to "obtain the status of high-income countries" and since 1973 the GDP per capita has more than doubled. However, this is not the case in Latin America, said Barry Eichengreen. "Brazil is a country of the future and will remain" in the words attributed to General de Gaulle in the 1960s.

The market Osram, the lighting is changing. Environmental concerns have indeed led authorities in Europe and particularly France, to decide the phasing out traditional incandescent bulbs. In France, only those under 60 watts are still allowed to sell, but their disappearance is already scheduled for December 31, 2012.

Our good old incandescent lamps are replaced by low consumption lamps, said compact fluorescent lamps (CFLs) and halogen "single pellet", that is to say the same shape as traditional bulbs no faxing 1 hour payday loans. "Today the market is largely dominated by these alternatives," said Antoine Gachet, an analyst at the marketing institute GfK. In 2005, incandescent bulbs still accounted for more than three-quarters of the market by volume. Last year, they weighed more than 36%. "

After opening down, Wall Street back into positive territory on Friday. The Dow Jones gained 0.16% to 12,003 points, the S & P 500 ahead 0.50% to 1302 points and the Nasdaq rose 0.33% to 2710 points. Caution remains appropriate. Investors fear the consequences of the earthquake that hit Japan last night. Bad news that comes on top of disappointing indicators released Thursday and the tensions that persist in Libya.

Oil continues to unwind

These concerns, however, help to relax the price of oil which opened Friday down $ 3.05, passing below the 100 dollars to 99.65 dollars exactly.

On the macroeconomic front, retail sales in the U.S. rose 1.0% in February from January, as analysts anticipated, according to figures released Friday in Washington by the Department of Commerce.

U.S. consumer confidence fell in March, according to an index released Friday by the University of Michigan, which was 68.2 against 77.5 the previous month.

Restocking of manufacturing firms and corporations increased 0.9% compared to December in the U.S., according to figures released Friday by the Washington Department of Trade and rather good news for the U.S. GDP.This increase is slightly greater than the median forecast of analysts who gave 0.8%.

AIG: -0.49% to 36 low fee pay day loans.30 dollars

The insurer American International Group said on Thursday to buy back $ 15.7 billion in cash (11.4 billion) of mortgage assets that the U.S. government had recovered during the financial crisis through the bailout group.

National Semiconductor: 3.88% to 14.71 dollars

National Semiconductor has published an annual turnover less than expected for the third quarter of fiscal year due to destocking at its distributors, but its forecast of sales growth for the current quarter is in line with expectations .

Clearwire: -1.74% to 5.65 dollars

The Clearwire CEO Bill Morrow has resigned as part of a wider reshuffle at the head of the wireless network operator, amid difficulties to finance its investments and dispute between the group and its majority shareholder Sprint Nextel.

Chevron: 0.64% to 99.71 dollars

Chevron announced the sale of its refinery in Pembroke, Great Britain, for 730 million dollars U.S. refiner Valero. The latter said in a separate release that the acquisition would be accretive to its earnings immediately, adding that the transaction should be finalized in the third quarter.

Apple: +0.41% to 348.09 dollars

Apple launches this Friday the marketing of the new version of its iPad tablet.

A real setback. Household consumption of manufactured goods fell 0.5% in January, according to figures released Friday by the INSEE. Other bad news, the jump in spending by French observed in December was revised down from 0.6% to 0.4%. The decline in January mainly due to the drop in auto purchases by 6.3% in January. In addition, purchases of textiles and leather fell 1.8% despite sales.

Cushioning the fall, spending on household equipment held up well, up 2.4% on the month "because of the dynamism of furniture purchases," said INSEE. "Other manufactured products", such as watches and jewelry, DIY and hardware rose 1.1% in January. These figures are "clearly encouraging", says Dominique Barbet, an economist at BNP Paribas."They are more in line with the strong confidence of business leaders found earlier this year with the declining morale of households freecreditscore."

Households increasingly fear a return of inflation, Insee said in the release of the index of consumer sentiment on Thursday. Involved, soaring oil prices which "the psychological impact is very important," as emphasized Alexander Law, chief economist at Xerfi. Particularly because it is a recurring purchase for households. "This climate of suspicion certainly attend a further drop in consumption over the coming weeks," said Alexander Law, chief economist at Xerfi."Without alternative sources of growth, French economic growth will suffer inevitably."

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"All long-term unemployed should be received within three months to receive either skills training or employment." In passing this sentence Thursday night at the show "French Song" on TF1, Nicolas Sarkozy launched a new battle against unemployment, while there were in France, 31 December, between 2.72 and 4.05 million unemployed by their category. Be between 80,100 and 202,500 from a year earlier.

At the employment center, the message was heard. An ambitious plan is implemented. "We're working on for several weeks with the team of Xavier Bertrand (Labour Minister, Ed)," said Le Parisien's entourage Christian Charpy, the CEO of employment center. The newspaper said 680,000 people registered for over a year unemployed in category A will be called for interview "physical" from the month of March.The agents try to determine what monitoring will be most suitable for each person. For now, however, the long-term unemployed registered in the other classes (B, C, D. ..) are not affected by this initiative. "Most are already in training or employment," says employment center.

The year 2010 has been an annus horribilis for the job. And December data, published recently, will not grow much for optimism. With increases in the number of jobseekers registered 27,100 in Class A and 32,600 in ABC (including the unemployed who worked more or less than 78 hours in the month), December has been one of the worst months of the 2010 paperless payday loans.As the number of long-term unemployed, he continued his surge: + 18.1% in twelve months for the unemployed for over three years and 38.5% for those with two years of unemployment.

The resurgence of subsidized contracts

It is within this context that the morose president said Thursday that the government would generate an additional EUR 500 million in the budget for the job to fight against the long-term unemployment and promote early learning. "We will mobilize all our forces" for the job, said the head of state. "Growth has returned, the signs are encouraging, it will work."

In addition to strengthening the support for employment center, the government decided to reopen the valves assisted contracts.Xavier Bertrand has said in an interview with Le Figaro on Friday funding 50,000 new subsidized contracts, while 390,000 already budgeted for 2011. "We will also ask departments to finance contracts with the State 60,000 more flights to the beneficiaries of the RSA," said Minister of Labour. "This fits perfectly with our desire to promote the value of work. Better to pay a salary as an allowance. "

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With a turnover of 2.35 billion euros in 2010 ($ 3.11 billion), up 22.5%, French JCDecaux has delighted the world leader in outdoor advertising in the U.S. Clear Channel Outdoor (2.8 billion).

Le Figaro. – This world leader is a symbolic?

Jean-Charles Decaux. – This is a milestone in the development of the business created from scratch in 1964 by Jean-Claude Decaux. We are the only media company in the French world leader. Beyond the symbolism, which is involved in the crisis, this leading position is mainly the result of a long strategy. Winning this alchemy is, firstly, our boldness in innovation of products and services on the other hand, the growth in street furniture and transport and, finally, our large exposure in emerging countries.China, for example, become our second largest country in terms of sales worldwide. Our ambition is to achieve 25 to 30% of our business in emerging markets by 2015, against 23% today.

This milestone was also passed through many acquisitions?

After the acquisition of major strategic Futures in 1999, which we displayed in billboards and transportation, the group has made numerous acquisitions in Austria in 2001 and in China from 2005-2006, then in Great Britain Titan and Germany with Wall in 2009 business card. This development, which has led to our position on trades and fast-growing countries, has done while maintaining rigorous financial discipline.JCDecaux is, by far, the group least indebted sector.

JCDecaux does he need to strengthen in certain occupations?

JCDecaux is a world leader, who manages more than 1 million advertising panels in 56 countries, but our market share of less than 13%, a market estimated at more than $ 20 billion. The ability to grow is therefore real. And this, especially since we are worn in the street furniture by the desire to equip cities and local communities. This demand is global and does not slow. Similarly, in transportation, we are led by the vast modernization of trains, subways and buses. And airports benefit from continued growth in passenger numbers worldwide.

The digital he drilled in your job?

The digital represents less than 5% of our entire industry. Three years ago, it did not exist.This, again, an opportunity for growth. After having launched a large-format digital in Britain and Germany, we are working on projects for France as soon as the law allows. The digital messages can sell by time slots, to segment audiences, create events and expand the creative capabilities of our media.

Lefigaro.fr consolidates its position as the leading news site in France. Its audience grew strongly in December, reaching 7.1 million unique visitors, according to Médiamétrie NetRatings.

The site is ahead of Figaro Orange News (5.8 million unique visitors), lexpress.fr (5.3), Yahoo News (5.2), MSN News (5.2), lemonde.fr (5.1 ) and leparisien.fr (5). Internet audiences in December also show that the thread of economic and financial figaro.fr needed in the economic field: with 2.2 million unique visitors, he passes for the first time before lesechos.fr, down 1.9 million unique visitors.

In total, the Figaro Group button on the Web today 13.4 million unique visitors, one in three.

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