Posts Tagged ‘help’

New sharp rise in unemployment in September

Thursday, October 27th, 2011

The news could not have come at a worse time. According to data recently published by the Ministry of Labour, the number of registered unemployed at the end of month employment center has increased again in September. And not a little: from 26,000 in Class A (unemployed who have not worked at all) and 27,600 in categories A, B and C (including job seekers who have had a reduced activity during the month ).

By category, so there is between 2.78 and 4.175 million unemployed in France. A level not seen since January 2000 in Class A and never reached at all, the combination A, B and C.Results for the six months to less catastrophic for the presidential and the more so as the number of registered unemployed in category D (that is to say, training, training, illness or device reclassification as contract Professional security and therefore not required to seek work), jumped 3.8% in September after several months of declines or relative stability. Proof, if needed, that the social treatment of unemployment on public money is well and truly left full in September.

In a statement, Xavier Bertrand "takes note of these poor figures related to the downturn." The Minister of Labour and Employment took the opportunity to recall the "absolute engagement" government "on the employment front, especially for young people."And for good reason: the number of under 25 not engaged in any activity which have registered at employment center grew 0.6% in September, bringing down over-year to 2% when it was over 6 % on the first months of the year.

It is mostly young men who enrolled en masse in September (1.3% against 0.1% for young women)."The new measures already in force of the law of 28 July 2011, including the ability to start an apprenticeship contract immediately without learning, practical solutions to the challenges made in the field should enable all young people wishing to enter alternately you can do, "warns, however, Xavier Bertrand.

Sudden economic downturn

The Minister did, however, no word in the direction of the unemployed and senior long-term which, when not hurt, have been hard hit by the economic downturn last month. The number of unemployed people over 55 increased by 2.1% in group A (a jump of 14.3% over one year) and that of long-term unemployed, 0.7%.

The cold shower is especially icy for job seekers registered for more than three years employment center (+2.5% on month and 21% year on year).Immediate consequence, the average length of employment center has yet to take one day at 456 (against 394 days two years ago), and the share of registered unemployed for over a year unemployed now stands at 38.2 %, up 8.5 points history since the beginning of the crisis.

Apart from the inscriptions following a redundancy which continue to decline (-2.5% over one month and 12% year on year), the other two main reasons for entry are on the rise: the purpose CDD (+4.5% on month and 9.7% year on year) and for temporary assignments (+0.3% in a month and 13.6% in twelve months).

As for administrative radiation, often a source of controversy, they are this time not in any case. They rose in effect from 4% in September and were virtually unchanged over the year.The other bad news, confirming the sudden economic downturn, concerns finally collected and vacancies filled by employment center that fell in September, respectively, 7.1 and 5.3% over one month.

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Sales of textiles fell in September

Friday, October 21st, 2011

The gray economy and softness unusual ambient temperatures may have caused consumers to be cautious in September. Including their clothing purchases. Accordingly: in France, sales of textile and clothing tumbled 10% from the same month last year.This is the French Institute of Fashion (IFM) that will sound the alarm in his last letter of conditions.

This drop in sales spares no distributor:

-Department stores as well accuse a sales decline of 7% in value in September, compared to the same period in 2010,

-Chains saw sales backward 10%

-The decline in sales is 12% for independent multi-brand and 14% for Monoprix.

Monoprix, it was confirmed that the "weather is unfavorable, has had an impact on sales", but also justifies the bad news by the fact that the month of September 2010, compared, was a great month, "sales were then actually up 7%, "says the distributor is.The postponement of a commercial called "The nine days', held in September last year but this year is set astride September and October, may have also contributed to falling sales, recognizes we also Monoprix.

The worst September for a long time …

As for independent multi-brand, the drop in sales was certainly 12% in September, but the segment of the lingerie was displayed, according to the IFM, the best resistance (+ 0.3% in value in September).

All distributors alike, sales began to level off in the summer, the balances have been very disappointing for retailers.During the period January-August 2011, they had already declined by 1.7% in value over the same period last year.

The downward trend has clearly intensified in September, which is the worst for the industry for a long time: according to the IFM, clothing sales in France had indeed increased 2% in 2010, which was a good year, after falling 8% in 2009. But they climbed 1.2% in 2008 and even 8.3% in 2007.

The outlook for the month of October are not provided completely obscured: true, according to Franck Delpal, an economist at the IFM, a slight improvement in weather clothing is not excluded in October, with relapse of temperatures .Already, the last weekend of September would, he said, was marked by an upturn in sales, including warm clothing.

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France is still looking for the keys to competitiveness

Wednesday, October 12th, 2011

What should imagine to make French industry more competitive and allow it to regain market share in the euro area? This is the question almost as old as the foreign trade report of the Economic, Social and Environmental Committee (EESC) tries to answer.Indeed, despite its strengths, the delay of France grows: the trade deficit to increase from 51 billion euros in 2010 to over 70 billion this year.

To stop the bleeding, Isabelle de Kerviler, rapporteur of the opinion that is presented this morning at the EESC proposes to facilitate the development of medium-sized companies in particular by improving the financial environment.

"We must strengthen the role of OSEO, we want to launch a loan specifically for the industrial sector and the creation of a special savings account," says the reporter who did not want to quantify the amounts or the levels of these measures especially to SMEs.

Other proposed runway: corporate taxation."It should modulate the rate of corporation tax, the report said, by shifting the tax burden of work on the consumption of natural resources or pollution or swaps."

"Create" Grenelle of competitiveness "

Compared to Germany, envied model that continues to get ahead of our country, the EESC notes that the French labor costs are not even an advantage.The moderation of costs across the Rhine and the progression (in the EU average) of this side are trimmed away.

Nevertheless, France still has a bright points in its favor: the dynamic demographic, geographic location, quality workforce, the quality of public services contrasts with an educational level that s' weakens.

To implement practical solutions, Isabelle de Kerviler wants to organize a "Grenelle of competitiveness." But is that enough to compete with Germany?

Buy a property to his children

Sunday, October 9th, 2011

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) business card.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 Paris Bourse again weighed down by Greece

Monday, September 19th, 2011

The Greek crisis can not stop producing its adverse effects on the markets. Having completed an eventful week in the red Friday, the CAC 40 retreated 2.37% to 2969.30 points in mid-session on Monday, passing well below 3000 points.

Even gloomy atmosphere on other European financial centers: the Frankfurt Dax falling 3.02%, the Madrid Stock Exchange of 2.24%, the FTSE-100 in London fell by 2.08% to 5,295.75 and Milan 2.34%.

Concerns about the hypothesis of a failure of Greece again weigh on investor sentiment, like those of Asian stock markets on Monday. Friday and Saturday together in Wroclaw, Poland, EU finance ministers have decided to postpone their decision in October on a loan of 8 billion euros in Athens, pending the outcome of a "troika", under 18 hours, on the progress of promised reforms.

In addition, they have made little progress on the second aid plan for Greece, nearly 160 billion euros including the private sector, pledged in principle last July 21. Greece should show its good will, while his government is accused of delay in implementing measures to reduce the deficit. This Sunday, Athens has announced in the wake of new economies to reassure its European partners.

It must be said that in Europe, solidarity with Greece began to annoy the majority of people. Evidenced by this poll Ifop for Sunday Ouest France, which states that 68% of the French disapprove of the increase in French contribution to the rescue of Athens.And while "divisions" have emerged among governments and the European Central Bank, as noted by Timothy Geithner, U.S. Treasury Secretary, on the sidelines of the meeting of European finance ministers that he was invited .

To fill a deficit in the U.S. To this must be added the concerns about the U.S. economy, which pose a risk to global growth. Markets await including many of the plan for the use of 447 billion dollars of Barack Obama. The U.S. president, anxious to see his program pushed by Congress, has called this weekend to support the Republicans, to avoid "dead end".He also warned the Americans Saturday that they would provide "pull their weight" to reduce the country's budget deficit, while the United States must find 1.2 trillion dollars in savings by the end of the year. Thus, Barack Obama will propose to Congress Monday a tax on the income of taxpayers earning over a million dollars a year.

Analysts and investors are also awaiting a meeting of the Federal Reserve on Tuesday and Wednesday on interest rates in the United States. The feeling now is that the U.S. central bank will launch a new version of "Operation Twist" program to exert downward pressure on interest rates over time.Such a prospect would be a tasteful for scholarships, especially as the Fed pledged to keep rates low until mid-2013 at least.

Macroeconomic side, in Britain, the Financial Times this fall could be a gap of 13 Internet Payday loans.8 billion euros in public finances, or 25% more than expected. Such an amount would extend the austerity policies adopted in Britain.

In the U.S., the NAHB housing index will be released in 16 hours.

On the foreign exchange market, the euro accentuated his decline against the dollar on Monday. The euro bought 1.3653 dollars against 1.3797 dollars on Friday night. He fell last week below the threshold of $ 1.36 for the first time since February. Oil prices are also in the red. Around 12:30 in Paris, a barrel of Brent North Sea crude for November delivery traded at 111.75 dollars in London, giving 47 cents from Friday's close.In electronic trading on the New York Mercantile Exchange, a barrel of "light sweet crude" (WTI) for October delivery gave up $ 1.19 to 86.77 dollars.

Values ​​to follow

• Banking and cyclic to the death

Mid-session all CAC 40 stocks are in the red. Societe Generale (-4.85% to 18.04 euros) and BNP Paribas (-2.62% to 27.45 euros) are again in turmoil. Doubts about their strength threatens the economy by depressing household and pushing companies to delay their hiring and investment, analysts and professionals.French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.

Cyclical stocks, the more dependent the economy, declined also to the image of ArcelorMittal (-5.24% to 12.66 euros) which records the heaviest fall of the CAC 40.

• EADS (-0.29% to 22.03 euros)

Qatar is interested in buying Daimler a 7.5% stake in EADS, according to the Sunday edition of Der Spiegel.

• Technip (-3.02% to 66.21 euros)

The group said it had been awarded by a contract Petobras provision of basic engineering and detailed design for a new fertilizer complex to be located in Uberaba, in Minas Gerais, Brazil.

• Sanofi (-1.68% to 47.68 euros)

The pharmaceutical giant said Monday it has obtained from the American justice the right to maintain exclusivity until August 2012 U.S. sales of Eloxatin, a drug against colorectal cancers.

• Natixis (-1% to 2.36 euros) and Safran (-3.69% to 25.32 euros)

The bank released the CAC 40, replaced by the industrial and technology group, previously listed on the SBF 120.

• STMicroelectronics (-4.92% to 4.73 euros)

The group has financial capacity to make acquisitions in microprocessors or motion sensors if the opportunity arises, says the CEO of a Wall Street Journal interview published Monday.

• ABC Arbitrage (-1.98% to 6.45 euros)

The company specializes in exploiting price differences between similar financial instruments, recorded a net profit of 16 million euros over the first six months of the year against 15.3 million euros in the first half of 2010.

Saturday, August 13th, 2011

Orange did he reckless? In an internship this week published on its website, the telephone company revealed some clues about the future model of the iPhone Appel keeps top secret. Orange are to believe the arrival of the new smartphone could be a big impact "on consumer Internet customers." Apple secrecy to keep the new model of its smartphone, the smallest bit of information about the device is hounded by fans of the brand. The operator did not comment on the information.

In the job description, statement by the site Mac4ever.com, Orange says that "one of the main issues the mission will be to define as precisely as possible the impacts of a device like the iPhone 5 on the consumption of internet customers ". A little further, it is discussed again the technical capabilities of the "iPhone 5" citing a "change of use induced no faxing payday loans."The course, whose duration is not specified, is offered to any candidate of a "bac +4 or 5", "training business school, university marketing or engineering course."

Leakage and clues

For now, the new model of the firm at the apple does not even name, but fans call him the iPhone 5. Apple intends to spring a surprise at the presentation, probably in the fall of the device by the big boss Steve Jobs. But a few leaks have already created a stir on the Web. Thus, prototypes of covers for the unit exposed on the Internet suggest that the phone is thinner and has a larger screen.

Some new features expected seem to motivate the concern of Orange on new uses for its customers.

Sanofi starts against Crohn's disease

Monday, May 16th, 2011

While the French laboratory had to pay $ 20.1 billion two months ago to put (last) hands on the giant American biotechnology Genzyme, renewal of product portfolio does not seem finished.

Certainly, this large acquisition Sanofi offered the double advantage to gain strength in biotechnology, a field in which he accused some delay, and the muscles of the profile of its development pipeline. But it does not completely solve the problem of loss of its main patent medicines, a loss that threatens almost 30% of sales of Sanofi between 2008 and 2013.

Hence the willingness of management to continue to develop other partnerships in research and development, like the one unveiled this morning by the French laboratory.In a statement, Sanofi announcement that he will spend 50 million dollars to obtain from the French subsidiary of Glenmark India, exclusive marketing rights in North America, Europe, Japan, Mexico, Argentina, Chile and Uruguay from GBR 500. This monoclonal antibody, currently in phase I clinical trial is developed for the treatment of chronic autoimmune disorders. The license acquired by Sanofi on the product concerned in particular the treatment of Crohn's disease (chronic inflammatory gastrointestinal) and other chronic autoimmune diseases.

If it came on the market, the product would otherwise be co-marketed by both groups in Brazil, Russia, Australia and New Zealand. This horizon remains distant, the GBR 500 being still in early stages of development (determination of the optimal dose and safety profile).Then remains to determine the safety profile and effectiveness, on a limited number of patients and more extended. Tests that require several more years.

Second agreement between Sanofi and Glenmark

Under the agreement, Glenmark will receive an initial payment of $ 25 million at the close of the transaction, then a second payment of $ 25 million contingent on the positive assessment by Sanofi, some data provided by Glenmark. The latter will also receive milestone payments based on the development, registration and marketing of the product. Finally, Glenmark will receive double digit royalties on net sales of marketed products.

This is not the first time the two groups work hand in hand.A year ago, Glenmark and Sanofi had in fact already announced a similar agreement (upfront payment, milestones and royalties) of up to $ 325 million for the development and commercialization of new molecules, including GRC 15300. This molecule is in Phase I clinical trials in the treatment of diabetic neuropathic pain and osteoarthritic pain.

With this new license agreement, Sanofi like to continue on a policy to acquire new products, while sharing the risks inherent in medical research. If successful, it would allow Sanofi to expand in Crohn's disease, a condition in which the need for therapeutic innovation is important. Indeed, current treatments do not allow patients to cure the disease but simply to control and limit the debilitating symptoms associated with it.In France, this disease affects about 1 in 1000, approximately 60,000 patients potentially affected. The young biotech company Neovacs also working on this disease, and is currently conducting a clinical phase I / II drug candidate TNF Kinoid. Biotech has introduced about a year ago on Alternext to find the funds needed to develop its product.

At the Paris Bourse, the announcement of Sanofi has been rather well received, clinching the title 0.41%, to nearly 54 euros in a bear market. Since the beginning of the action of the pharmaceutical company rose 12.85%.

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The father of CDs and former CEO of Sony is dead

Sunday, April 24th, 2011

A man at the crossroads of the worlds of music, technology and business. Norio Ohga, father of the "Compact Disc" and former boss of Sony, died Saturday at age 81. It was as boss of the Japanese consumer electronics that monitors closely the birth of the CD with its Dutch partner Philips in the early 80s. He insisted then that the disc 12 cm in diameter can hold 75 minutes of Beethoven's Ninth Symphony.

This commercial success and technological, which then lead to the emergence of DVD, will remain as the main weapon is to Norio Ohga. But it should not overshadow his work as head of Sony. "He transformed the Japanese conglomerate manufacturer of electronic products in a firm's creative music, movies and video games," says the Wall Street Journal."We were always digging the tracks that other groups did not dare to follow," explained Norio Ohga in 1998. "This is the real secret to our success."

Explosive path

His entry into the firm, like the rest of his career then detonates. Student in musicology at the University of Tokyo, in 1953 he impressed the executives of the firm which became Sony in a letter advising them of improvements to the prototype of tape. Hired as a consultant, Norio Ohga follow a rapid and brilliant trajectory within the company. He became one of the executive directors from the thirties, something extremely rare in Japan. In the '70s, he led negotiations with CBS that will lead to the creation of Sony Music Entertainment and will lead.

President of Sony from 1982 to 1995, Norio Ohga innovates. It supports the development of the Walkman, launched in 1979.In 1989, he led the largest acquisition at the time a Japanese firm abroad by offering the Hollywood studio Columbia Pictures for $ 3.4 billion. This maneuver discontent across the Pacific. Rumors will ever drive on the possible resale activity, difficult to make profitable. The real stroke of genius of the president Norio Ohga is unquestionably won his bet in video games. In the early 90s, he in fact supports the launch of the Playstation division within the group. It is now one of the largest departments of the group.

Debonair boss

Nohga Norio, Japanese boss atypical-described good-natured, not shy, and has an artistic temperament, however, has not as successful. Shortly after the launch of the CD, and it fails to impose its Betamax video format against HSV.Advisor to Sony these days, he could only see, in recent years, the cons-performance of its group. Sony did not see coming the success of the flat screen and has lagged behind its South Korean rival Samsung. In video games, Nintendo has his compatriot hewn cruppers. Even in the music industry, the Japanese has been exceeded. By innovations from Apple this time.

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Drought worries farmers, grain markets runaway

Wednesday, April 20th, 2011

Drought moves into the French countryside, especially north of the Loire. With temperatures 10 degrees above normal, the weather starting to become a threat at a time when the vegetation is in full growth. "The wheat did not do much until now, water is scarce, says Yannick Boiled, dairy farmer near Dol Epiniac in Ile et Vilaine, where he made 26 ° C in the shade on Tuesday 19 April. I can no longer see the roller behind the tractor so there dust, "he adds, he who sows with more than two weeks ahead of sowing corn. Only advantage of dry weather, crops are less subject to parasitic diseases, such as to wireworm, rust or septoria. "The disease pressure will be low but it should not be that hard if the returns will still be low for the second consecutive year.What are we going to give our animals, "says the operator.

Same concerns on the side of Mayenne, where Michel Amiard already seen his cows Red Meadows put themselves under the trees in search of freshness as in summer when we are only at the spring. Already the producer of beef breed believed to reduce his herd in order to have more freedom to chop and more cash. "For two months the water deficit is important, with only 25% of rainfall compared to the regular season," says Michael Porter, Director of Agritel, a company specializing in risk management of agricultural commodity prices. Faced with this worrying situation, three French departments of the west, the Charente-Maritime, Vienne and Deux-Sevres have already taken action to ration for the irrigation of crops."The farmers must irrigate at night," says Christiane Barret example, Reeve Deux-Sevres on BFM TV one hour payday loan.

The drought is not limited to the borders of France

Still, this drought is not limited to the borders of France, but affects the whole of Northern Europe "on a broadband affecting England, Northern France, Benelux, Germany, Poland and Ukraine, "says Michael Porter. A climatic situation which, if satisfied holidaymakers current worries producers but also the markets that do not see any improvement in the short term. At 15 days no precipitation is expected over northern Europe. "This should keep on alert in world markets in a fundamental tension in the already very large exporters," warns the manager of Agritel. This afternoon on the physical market in Rouen, wheat rose more than 8 euros (3.51%) to 236 euros per tonne.Overseas, the situation is also worrying, the quality of U.S. winter wheat has stagnated during the week ending April 17 due to weather still too dry, said Monday in its weekly bulletin on crop conditions (Crop Progress), USDA (U.S. Department of Agriculture). Winter wheat remain "good" to "excellent" at 36%, against 69% last year on the same date.

For corn, where global stocks are very tight, around 18 days of consumption, hurricanes of last week have affected planting. American farmers have planted their corn 7% against 16% last year at this time always according to the USDA. Something to also react as markets in Europe. Corn was trading took 1.7% to 234 euros per ton this afternoon. What give grist to the advocates of greater regulation of commodity prices G20.

The false espionage affair cost $ 11 million to Renault

Saturday, April 9th, 2011

The false espionage affair may be very expensive for Renault. According to a survey published tomorrow Marianne, the three executives dismissed wrongly claiming the automaker between 2.4 and 3.2 million euros for moral prejudice. Unprecedented amounts, with the exception of the 45 million euros paid to Bernard Tapie in connection with the Credit Lyonnais case, and in addition to statutory compensation and unfair dismissal. In total, the addition to the builder could climb to 11 million euros.

The three executives, who made between 12 and 32-year career at Renault, has already received compensation law: 480,000 euros for Michel Balthazar, 200,000 euros and 50,000 euros Bertrand Rochette Matthieu Tenenbaum, according to Marianne.He will also receive compensation for wrongful dismissal amounting respectively to 750,000 euros, 500,000 euros and 120,000 euros.

Abuse of social good or tribunal

Each also claims are moral damages, which are considerably higher than these amounts.Michel Balthazard require 3.2 million euros, Bertrand Rochette 3 guaranteed approval cash advance loans.5 million euros and Matthieu Tenenbaum 2.4 million euros.

As for Philippe Clogenson also dismissed under an earlier anonymous tip, the same type as that which launched the pseudo-espionage, he could rejoin the group with a salary higher than previous financial compensation to approximately 300,000 euros.

Renaut now faces a dilemma: if the group agrees to pay the sums demanded by executives wrongfully dismissed, "she takes the risk, in turn, be a complaint for abuse of social good," writes Marianne. "Conversely, if Renault refuses to bow to their financial demands, the company takes the risk of sounding prud'hommal trial and a new media campaign, terrible for the image of the brand and, most importantly, for its CEO. "

The decision could be taken at a meeting of the Board extraordianaire Renault scheduled April 11.

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