Sundial of world news

We already knew: the end of July with the recruitment of the Argentine Javier Pastore, 42 million euros, PSG beat this year's record for the most important transfer window of the history of Ligue 1. More than 80 million euros on the table to secure the services of Kevin Gameiro, Blaise Matuidi or Mohamed Sissoko, in addition to the Argentine star.

But these numbers make you dizzy do not stop there. According to information from Parisiende this Friday, players Parisians would also take the upper hand with regard to wages. If this is the side of the Canebière found the most important emoluments (midfielder Lucho Gonzalez for 360,000 euros gross per month), 11 players received wages in the capital to more than 200,000 euros according to the daily gross , 9 against Olympique de Marseille.Among the better-off PSG, there is the Brazilian Nene, with 335,000 euros a month, the Uruguayan Diego Lugano (330 000 euros per month) and Mamadou Sakho and Mohamed Sissoko with 320,000 euros each. Marseille side, only Andre-Pierre Gignac and Alou Diarra reach 300,000 euros gross, behind Lucho Gonzalez.

Result of what the newspaper called the effect Qatar "for the first time in many years, the Paris payroll exceeds that of the OM, yet most consistent club in its results in recent seasons." Last season the two teams were still tied, with 60% of their budget going to pay their players, according to the site salairede.com.

The biggest salary in the stands

Not really surprising, when Qatar Sports Investments, the buyer in June 70% of the Parisian club is known for his ability to put their hands in the pocket.

"Change Model" has become a leitmotif in the Lyonnaise des Eaux, a subsidiary of world number two services to local authorities, Suez Environnement.

"Our proposals meet the shared view that we must reinvent the governance of water, take into account environmental and social issues and meet the high demand for information from citizens," said Philippe Maillard, the new head of the Lyon water, which presents on Tuesday, the Congress of Mayors of France, the "contract for water security."

After the turn made by Paris in 2010, several cities are planning to remove the water management to private operators to switch to public ownership. Bordeaux switch soon. Evry, Lyon and Lille are wondering.

Company margins have never been so high, companies are full of cash, they were debt-free … and yet their share price despair managers. Some values, such as Peugeot, Air France and Lafarge are at their lowest for 20 years. "Since 1990, the profits of European companies have more than doubled, while the PE (valuations on the stock exchange), declined. But will there for years or decades to return to normalcy "asks Jacques Burlot, manager" action "Tocqueville Finance. The management company is nevertheless optimistic about business conditions. "Their margins may decline, but not collapse.There are of course cycles, but historically each drop, the level reached is higher than the previous "says Nelly Davies, also manager at Tocqueville, which lists all the supporting factors that benefit companies: inflation remains low, interest rates are at their lowest, the cost can be further reduced through outsourcing, wage inflation is zero and productivity gains have not been completed payday loans. However, managers are careful Tocqueville predicted a bright future for investors. "Trying to predict the future is a waste of time. Remember Goldman Sachs, which in March 2008 predicted oil at $ 200 a barrel at the end of the year. He had fallen to 50 dollars "they ironically. What to do? Forget the computer screens, and visit the companies consider their strategy, the quality of their management.

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.

In the second of the five-day strike of cabin crew of Air France, the company promises, as before, to ensure 80% of its flights. Even if the unions, who believe that the movement is followed, announced an intensification of the mobilization against the proposed reduction in the number of cabin crew in some planes.

About 200 flights on the 1000 planned were canceled Saturday. "We have given the forecast. Saturday at midday, only 200 passengers 3,000 were in trouble, "noted the direction of the company. Air France has temporarily limited to 100 passengers the ability of its medium-haul flights from Orly to avoid having to put down passengers for lack of a sufficient number of hostesses and stewards. Result: Passengers waited. This strategy and the delays it caused affected customers were exasperated. "It's a nightmare. We have been waiting seven hours.Of all of the day, Air France plans to cancel 14, according to a spokesman for the airport.

Modified or exchanged for free tickets

Without an agreement this week with management on the number and mode of assessment of cabin crew, six of seven unions called the stewards and stewardesses 15,000 to go on strike for the weekend of All Saints, usually of overcrowding, until Wednesday, November 2 included instant payday loan. In 2007, a similar strike, triggered by the same six unions to the same period, had caused major disruptions. Air France was forced several times to review downward its traffic forecast: 90% of flights expected to be provided the day before, this had increased to 60% during the weekend.

The company called to check passengers before they leave for the airport, on the website of the company, the list of flights canceled or delayed. They also know the traffic forecasts by sending an SMS to 63654 with their flight number. The company also points out that the tickets can be changed or exchanged free of charge.

Air France has apologized to its passengers' taken hostage by a strike that has no purpose. " "We negotiated for ten days, day and night, and responded favorably to 90% of union demands for flight attendants." Jean-Cyril Spinetta, who took over the reins of the group a week ago, sent an open letter to the hostesses and stewards, in which he warns against the dangers of such a strike.

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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"New austerity measures are not excluded

"The Senate calls for new savings measures

Three million voters to the polls Thursday. This is not the third round of the socialist primary elections but in the professional civil service and state hospital. This election is both new and crucial for trade unions. Unpublished, so far as officials voted on different dates, department by department. Under agreements signed in 2008 Bercy between the government and six of the eight federations officials, this group deadlines must solemnize the event and end a kind of permanent election administration

He still suffers to this first edition of exceptions.The officers decentralized government (prefectures) just voted in 2010 after the reorganization of their services; territorial officials will be "aligned" in 2014, which will match the designation of their representatives with election of municipal councils, general and regional officials finally France Telecom will vote Nov. 22 … as well as those of the Department of Justice, after a last minute postponement of the delivery of ballots and professions of faith having made the most complete mess. Also new: the hundreds of thousands of contractors have the right to participate. Finally, the electronic vote is for the million polio Education.

Crucial deadline

If the vote is also crucial is that it will not only unions to gauge.Now, only those organizations that received the most votes will negotiate and sign agreements, both local (with the hospital director, the prefect …) and national (with "their" or the Minister of Public Service for subjects common to all directors). In that game, the CFTC or the CFE-CGC will play their survival in many instances of 5700 to renew check cash advance. The "big" unions will also receive a premium on how they are granted. They are mostly human, that is to say agents paid by the state or the hospital, but devoting all or part of their time to unionism (our editions of September 29).

Difficult to anticipate the results.Of Education in Ecology, Interior Economy, workers speak out more on issues and candidates in their own department or at their service, as a national discourse – discourse on which organizations found it difficult to differentiate. Certainly, FP campaigned on the "case of the public service", the CFDT has focused on the working conditions of workers, Bernard Thibault has been calling for more political "use the ballot CGT" to "deliver signs to the government. " But these are all ways to approach the same themes: policy review (RGPP), elimination of 150,000 jobs during the five-year term in the state civil service, late general wage increases, stricter rules on pensions 2010. Many reasons for discontent that should benefit most unions 'hard', as Solidarity, the CGT and the FSU.

But the mobilization failed when the pension reform, and made to flop back against the rigors. The previous elections were successful in the CFDT and UNSA, reformists, who could also benefit from the arrival of the contract in the electorate. And some of the most disgruntled employees could wait for the presidential and legislative elections in 2012 to settle their accounts. Where the other unknown: participation, far closer than two-thirds, will continue she?

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"Redistribution between public service unions

How to help her children buy a home? Faced with soaring prices of the stone, more and more parents are wondering. For young people without a little help family, buy a property is often difficult. But the stone is more than ever the key to any well-constructed assets.

A DONATION as a financing

With the recent reform of the taxation of wealth, each parent can give full tax-free, but every ten years now, up to € 159,325 (reduction in force in 2011) to each child or € 318,650 for a couple . And if the child is an adult, he took advantage of an additional allowance of 31 € .865 (per parent under 80 years), allowing it in the end, even in the capital, to acquire a lovely pied-a -land …A strategy that offers the advantage of not "inflate" its own property portfolio, since it is your child immediately becomes sole owner of the property. Thus, it can allow parents to avoid the wealth tax if the value of their taxable net wealth falls short of 1.3 million euros, or to play down if it does not exceed 3 million euros.

This approach has its drawbacks, however. "A coming of age, the child who has de facto full ownership, may sell at any time, even if the parents object," says Brillat Michel, director of engineering heritage of the EU Financial France. To "block any attempt inappropriate," Louis Aussedat, notary Althémis Network, advises the inclusion in the deed of gift, and in the deed of purchase, a prohibition to alienate.This provision makes the sale to the agreement of parents.

Know that it is still quite possible to do this for the benefit of a minor, but we must in this case the approval of the guardianship court. And while the child is under 18, the slot is part of global real estate portfolio of his parents, with possible consequences in terms of ISF.

To a lesser extent, if you own a home savings plan, you can send your borrowing rights to your child, provided that it is itself the holder of such a plan (open for at least 3 years) no faxing pay day loans.Finally, give money in advance and not a property which you would already own, you can be exempt from land registration fee (0.715%).

SEND ACHETERET in a SCI

Here is the real estate company (SCI) who acquires the home and not you and / or your children directly, thus, again, to fund and pass more easily again. Parents are partners and own the shares of the SCI. A major advantage of this legal structure is its flexibility. A condition of relying on a notary or a lawyer to draft the statutes (beginning approximately € 2,000), all management schemes, or nearly so, may indeed be calmly considered: full or bare ownership only given to children, in whole or in part, etc..Parents may reserve the role of manager to get their hands on the decisions and procedures to meet the requirements (general meeting …). "In this configuration, the children, even adults, can not sell without your consent," said Gilles Etienne, Partner at Cyrus Council. The SCI can also borrow, even if minor children are involved. Only requirement: well set, with the help of a professional, their responsibilities vis-à-vis the debt and obtain the consent of the judge. Finally, the very existence of an ICS is not limited in time and value, as the designation of heritage that can be managed, is not fixed.

Scellier Act: rent-to-child

Parents who buy a home with the benefit of the tax reduction under the law Scellier can rent the apartment to their children.A three conditions: it must be the principal residence of the latter, that it is detached from the tax home of the parents (it is then placed on its side), finally, that actually pays the rent. ALSO READ: "Placement: the French have confidence in real estate

The New York Stock Exchange fell back slightly on Wednesday at the opening after a strong rebound. The Dow Jones lost 0.40% to 10,775 points in early trade and the Nasdaq, 0.72% to 2387 points. The New York Stock Exchange has signed a dramatic rebound Tuesday late in the session, erasing the last minute the heavy losses earlier as a result of fears of default of Greece.

Specialists Aurel BGC, the violent rebound index in the last fifteen minutes of the session on Wall Street is mainly due to the information leaked after the meeting of economic ministers of the European Union . European Commissioner for Economic Affairs has indeed mentioned in an interview with the Financial Times, a European plan to recapitalize banks."We share a growing opinion that we need a concerted, coordinated in Europe," he said, "the capital of European banks should be strengthened to give them a safety margin and so reduce uncertainty "in markets.

Degradation of the note of Italy by Moody's did not stop the European stock markets to begin the session in the green and should have little impact on Wall Street.

However, the pessimistic forecasts of the IMF could influence the trend.The International Monetary Fund (IMF) warned on Wednesday that he did not rule out a recession in the world in 2012, facing a possible reversal of the activity.

According to analysts at Cantor Fitzgerald, the market is also beginning to show some resistance, "because the corporate earnings season is about to begin, that most economic indicators were positively surprised."

The president of the U.S. central bank, Ben Bernanke, warned that employment growth could be "sluggish" for some time, but said the institution was "ready to take additional measures" to support the economy.Ben Bernanke, who testified in Washington before the Joint Economic Committee of Congress, also called on parliamentarians to provide savings in the medium and long term, but to "avoid taking fiscal measures may impede the ongoing economic recovery," and They were asked to complete the action of the central bank.

United States, on the macroeconomic front, hirings rose slightly in September in the private sector in the United States, according to the monthly survey of the consulting firm HR ADP pay day loan lenders. Private companies have created 91,000 net jobs, in seasonally adjusted data, or 2% more than in August said ADP.Investors also expect the ISM at 16:00 in services and at 16:30 the traditional weekly report on oil stocks.

Oil markets, fell sharply Tuesday after the courses are starting to rebound on Wednesday morning. The Brent North Sea crude for November delivery gained 1.67 dollars to 101.46 dollars. A barrel of "light sweet crude for November delivery was appreciating his side of 1.91 dollars to 77.58 dollars. On the foreign exchange market, the euro is trading at 1.3292 dollar per ounce of gold is trading at 1628 dollars.

BNY Mellon in the sights of New York

The side of values, the State of New York filed a complaint Tuesday against the establishment of New York Mellon Bank (-3.67% to 18.13 dollars) to have overcharged transactions on foreign exchange markets and wants to recover nearly two billion dollars.For ten years, "instead of providing the best interbank rates as he promised," the institution makes money "by cashing the difference between the worst rate of the day, it charged its customers, and the price current market transactions at the time, "said the office.

Hewlett-Packard (0.04% to 23.03 dollars) should take a decision on its PC division in late October, according to CEO Meg Whitman cited by Reuters.

Yum! Brands (-0.22% to 49.33 dollars), which owns chains Pizza Hut, Taco Bell and KFC, whose figures stand out as a leading indicator of economic conditions in the United States, reported a third quarter benefit of $ 383 million above expectations. Sales rose 14% to $ 3.3 billion.CEO David Novak said: "Our margins in China were up 7% in the quarter with a jump of 29% of sales, excluding the impact of changes. (…) This tremendous growth in sales, combined with our forecast high of 600 restaurant openings, makes us confident in the strength of our business model in China. "For the full year, the group now its forecast 12% growth in profits before exceptional items.

Apple (-2.11% to 364.64 dollars), which introduced the iPhone Tuesday 4S, the fifth generation of its multi-functional phone, with a more powerful processor than its predecessor and a new system would also voice commands be observed.

Asia has finally been convinced by the rebound experienced by stock markets Monday in Europe and the United States. Shortly before 7 am (Paris time), and the Nikkei 225 gained 1.80% to 8524.16 points. The Hang Seng of Hong Kong Stock Exchange rose by its side of 2.81% to 2427.92 points. In Shanghai, the CSI 300 advances from 0.32% to 2619.27 points while the Kospi index in Seoul gained 3.44% to 1709.61 points. The day before, the Asian stock markets remained anchored in the red.

After heavy losses last week, investors marked a pause in fact, driven by renewed optimism about the debt crisis in the eurozone. Europe, for the voice of the spokesman for the European Commissioner for Economic Affairs, Olli Rehn, in fact, shows its commitment to strengthen the capacity of the relief funds in the euro area (EFSF).

Tokyo ready to buy bonds EFSF

The Japanese government has also indicated a willingness to buy more bonds relief fund if the European authorities in the euro area establish a mechanism to calm markets. "If a plan is launched to ease tensions in financial markets by helping Greece, I do not exclude that Japan is participating," said Tuesday the Japanese Minister of Finance, Jun Azumi. Japan already suffers from the crisis in Europe: the yen peaked against the euro, hurting Japanese exporters values. Monday, the European currency reached its lowest level since June 2001, at 102.18 yen. It is worth 103.28 yen Tuesday morning.

In terms of raw materials, oil falls sharply higher after having dropped more than eight dollars last week.A barrel of "light sweet crude" for delivery in November gained 1.15 dollars to 81.39 dollars in early electronic trading, having closed up 39 cents Monday. A barrel of Brent North Sea crude for November delivery, which ended virtually unchanged Monday (-3 cents), advances, meanwhile, 95 cents to 104.89 dollars.