Courbet: "I am underemployed"

 

Sorry, this video is not available on your device bad credit payday loans.

The price of eggs has doubled in a year in France

 

Egg prices more than doubled in one year. "Today, 100 eggs cotent 9.5 euros on the spot market (market day to day), Figaro tells the Christian Marinov, director of the French Confederation of poultry farming (CFA). There was a year they were worth 4.62 euros. " With a peak on March 13 at 13.53 euros for 100 eggs.

Main cause of this sudden increase: up to standard European cages for laying hens. Brussels imposed from 1 January 2012, a minimum area of ​​750 farms in square centimeters against 550 before. "The drop in production comes from the adaptation time required for farms transform their building is being finished, adds Christian Marinov. Some of the 1500 French producers have taken a little late compared to their investment plans to bring their buildings up to standard. This is the first time we have received state aid, $ 12 million over one billion euros in investment cash advance no fax. But all eggs produced in France since the beginning of the year are the standards, "stressed the head of the CFA.

Also the current shortage in France, European leader with 15 billion eggs consumed annually is it only temporary. "We will return to normal by next July when the farms are all in line. Courses on the spot market should go down significantly, "said Christian Marinov, recalling that" the balance point is around 6 euros for 100 eggs to the producer. "

Meanwhile processors who refused any contractual take their troubles patiently. These include manufacturers of pasta or pastry industry. "For the consumer the impact is limited, an increase of about 2 to 3% on the selling price," says Christian Marinov.

PSA suffers from lower car sales

Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

Retirees continue Greece

 

Two Greek citizens seeking nothing less than the cancellation of the debt exchange transaction completed on March 12, which allowed Greece to considerably lighten his burden. A wealthy widow of 76 years and a retired undertook to continue the Greek state court, aggrieved by the restructuring of sovereign debt to their country, they held bonds. The widow puts its losses at around 200,000 euros and 4000 euros retired, or about half of their initial investment. "This is the first time that Greek investors take legal action against the state by asking the court to declare illegal and unconstitutional the decree implementing the debt exchange," said a source at Reuters court.

March 12, Greece is indeed managed to finalize the largest debt restructuring in history. 85% of private creditors – mainly banks, insurance companies and funds – have agreed to exchange their obligations under Greek law against new longer maturity bonds, and a value less than half. A massive turnout, which allowed Greece to force reluctant investors to participate in turn in the exchange, that is to say to make losses. With this agreement, Greece has reduced its debt by 107 billion euros, a total of 350 billion euros installment payday loans. A prerequisite to payment of a new international aid, totaling 130 billion euros, of which Greece was badly needed to meet its deadlines. This debt forgiveness can also expect the country to achieve a ratio of debt to GDP from 120.5% in 2020.

This is the start of "collective action clauses", by which Greece has forced investors reluctant to join the exchange, which is currently being challenged by some of its creditors. 110 of them, a German national, had already announced, following the restructuring, they had hired a law firm to seek redress. This is not so much the outbreak of collective action clauses is disputed, the fact that these clauses have been introduced retroactively. Some creditors believe that the rules were changed along the way, illegally. The judicial process may however take several years. Argentina, who also conducted a decade ago to a partial restructuring of its debt is still within the scope of prosecution.

ALSO READ:

"Greece: a pensioner committed suicide on the altar of austerity

"The billion from the IMF and Europe to Greece paid

Orange said to be nothing in the failure of Free

 

Deal with failures and congestion at peak times on the network of Free Mobile, the regulator, Jean-Ludovic Silicani referred back to back and Free Orange mobile, connected by a roaming agreement. Result: Orange has threatened to suspend service if something goes wrong. Ultimately, consumers do not understand anything. UFC-Que Choisir has asked for an explanation and compensation for clients. Since Tuesday, the customer portal on its website, Free mobile communicates the reasons for the different reference technical problems and five failures, dated March 2 to 25. The operator foresees a gradual return to normal next week.

LE FIGARO – Specifically, what do roaming provided by Orange Free Mobile?

Jean-Luc Vuillemin – Orange has its network across France. Free Mobile has its own, but there are currently limited coverage. Simply allows Orange Free Mobile subscribers on its network to come when they are not covered by Free. This model, known as roaming, is very different from the MVNOs like Virgin Mobile, for example, that it is completely hosted on the Orange network. Virgin customers have own SIM cards but they only use the Orange network.

What causes the failures?

There are two types of failures. First, those related to the functioning of Free network. On the other hand, those who take part in defining the interconnection link between the network and our Free. In both cases, Orange is in no way responsible for malfunctions of Customer Freemobile. With regard to equipment malfunctions Free Mobile Network, it was concerned for the failure of 2 and 14 March, signaling transfer points that identify subscribers Freemobile where they are, what service they are entitled, and which are involved in each call from a client including Free when roaming on the Orange network, and the failure of 20 in a micro network Freemobile.

What causes congestion at peak times?

This is precisely the second category of dysfunction, related to the design of interconnection link between the network and Free Orange network. Orange provides Freemobile these interconnect links called BPN (primary digital block) based on traffic forecasts that Freemobile gives us. The size of this link interconnection is the sole responsibility of Free has underestimated its forecasts, which explains the inconvenience Online payday loans. Orange is the responsibility of its network is working, what is the case, since the beginning!

Are you responsible, at least in part, as suggested by the regulator?

In any way. And my teams who have at heart their operator business networks, have been married very amalgam of various statements in recent days suggesting that Orange Free mobile shared with the responsibility for these failures. Orange has no responsibility in incidents encountered by Free. We spend a lot of time designing and making our live networks. We, of course, anticipated that customers Free emerge from the old 2G handsets in their drawers … The terminal base is key for the network that we follow very precisely.

Orange is it affected by failures recorded on the Free Mobile?

The contract provides that if the Orange network was affected, we may suspend service to Free, the time it finds a normal operation. We are therefore protected and our clients have no reason to worry about the quality of service Orange. They can be fully reassured. We were ranked first network by ARCEP, and we intend to maintain this quality. My team includes 6,000 people who work day and night, 365 days a year on the network, to maintain quality.

A mobile network is it more complicated to manage than a landline?

Yes, it is undoubtedly more complex. First, because in a mobile network the subscriber is constantly moving and the network must constantly issue queries to see where he is. On the other hand, in a fixed network operator mastering the whole chain as it is he who provides the box at the customer's home. In Mobile, in the terminal end of the chain can be a 2G phone, 3G phone, smartphone Android, Apple, Nokia, or even a tablet. There are thousands of combinations which greatly complicates the task. Over time, Orange has gained a real expertise that a young operator, whatever, can not have. This is what makes all the difference. Launch a mobile operator is very complicated. It takes skills internally, and in sufficient quantity.

ALSO READ:

"Incident at Free Mobile

"The previous Free plays with the spirit of the Telecom Act

The seller's liability in case of defect

1 – Under what conditions can we invoke the implied warranty?

The seller remains liable after the transaction, housing defects that were hidden at the time of sale, when they "make the property unfit for the use it was destined or so impair that use the acquirer n ' would not have made the decision to purchase, or at least not at that price, if he had knowledge "(Article 1641 Civil Code). Conversely, the seller is not liable for defects that were apparent (Article 1642). Case law judge and are latent defects: the presence of termites or asbestos in housing, lack of foundation, the existence of underground quarries generating instability of the frame, the lack of connection to the public drainage wastewater, or noise pollution caused by insufficient thickness of walls.

2 – The seller may be relieved of responsibility?

The seller can clear themselves by inserting in the deed of sale a clause stating that it will not be required to guarantee the buyer in case of defect. These clauses, found in most deeds, are only valid if the seller is a non-professional and is in good faith. Such is the case, for example, a seller who did not know the day of the sale, the presence of mérules (wood-rotting fungi) in the beams of his house, since the diagnostic technique that had commissioned was not one mention.

However, the vendor apparent bad faith can not invoke this clause, for example when he blocked and painted floors and baseboards to conceal the presence of termites, or has done work to conceal cracks affecting the structure of the frame. Attention, even if the seller does not commit any act of concealment, it can be considered in bad faith when it is aware of the defect and that he did not notify the purchaser.

3 – What might the seller in case of discovery of a latent defect?

If the vendor is found liable for hidden defects by the judge, the purchaser has the option, request cancellation of the sale or reduction of its price (sections 1644 and 1646 of the Civil Code). If he chooses the cancellation of the sale, the seller must refund the purchase price and notary fees. If it chooses a price reduction, it is for an expert to determine the amount. The seller in bad faith can also be ordered to pay damages (Article 1645 Civil Code). Attention, the action in warranty against hidden defects must be brought within two years after the discovery of the defect (Article 1648 Civil Code). It is the vendor to prove that the discovery of latent defects occurred more than two years before the introduction of the lawsuit.

ALSO READ:

"Real estate sale and latent defects, notice of the courts

To a "big bang" tax after the presidential

The tax is sure to be one of the main themes of the campaign. First question of democracy: the French have always been upset with the tax. This is not new. But now they no longer understand the meaning. Taxpayers do not know why they are not taxed when the money from. They wonder if they are "just" dizzy and taxed at the constant changes in the foot of the state, making our tax system totally unpredictable, unreadable, and therefore ineffective.How many French know they will pay for the first time this year a portion of their housing tax for inter-municipal, that is to say, of municipalities, they know nothing? How many business owners know exactly how much they will pay in lieu of professional lataxe, removed last year in favor of two new taxes? Reconcile with the citizen taxpayer is more than ever an imperative, when the both of them were again tempted to exile.

Question of economic efficiency then. One can only be struck by the complete lack of fiscal strategy of the Finance Bill 2012, currently under discussion in Parliament. In the eyes of officials of Bercy, the only way to increase tax revenues is to remove the niches or benefits made in the tax calculation.More than half of the 11 billion euros in additional savings are announced in late August and the removal of some old tax benefits. Now that the idea has been fueled largely with public opinion than the 104 billion euros in lost revenue for state coffers that are the fiscal and social niches, half are "very effective" or "inefficient", this solution is actually the easiest to implement. But it can serve as long-term program. As niches, whose real term is "tax expenditure", are as fundamental to encourage private investors to replace the public investor.No niches, no investment in France, which already sorely lacking.

Reform the income tax

The tax reform in 2012 will revolve around three major issues: how to bring balance between taxation of wealth and income? How to get to his income tax progressivity? What future for VAT?

To these questions, the UMP and the PS will provide different answers, of course. But the rules are the same for all. France can no longer raise taxes. The tax ratio-mandatory, ie the tax burden, amounted to 44.5% of GDP, close to its historical levels (44.9% in 1999). But conversely, the disastrous situation of public finances prevents them down.The "big bang" will be announced fiscal totally bounded in the universe: it will be a rebalancing in depth, but revenue constant.

Some lines of force emerge. The income tax in its present form, is on trial. Two transformations are emerging: reconsider its progressivity, that is to say goodbye slices. Or merge it with the CSG, an idea that has the favor of PS and a large part of the UMP. This merger should not be mistaken, broaden the tax base, will make the income tax fairer, but will also be more painful for the average incomes.

Similarly, it will not escape a VAT reform. Since 2008, 15 European countries have found, for fiscal consolidation, so much so that the rate of 19.6% French is now among the lowest in the euro area, 1 point lower than the average.Especially down at the other, the government chose to lower it for some sectors (food, building …).

Finally, there is the balance between taxation of income and wealth. The most sensitive issue. Recently, in Le Figaro, the budget minister Valérie Pécresse explained: "By raising taxes on savings, we compare the taxation of wealth from that of labor income." The road has only begun. One can imagine what awaits holders of wealth in the coming years …

ALSO READ:

"Tax pro" Reform is not enough explained "

"Taxation: the rules for 2012 take shape

Wall Street tumbles at the end

New eventful session Thursday on Wall Street. The indices, which have continued to increase their losses after the closing sharply down European markets fall at the close. The Dow Jones ended in a loss of 3.51% to 10,733.83 points, the Nasdaq lost 3.25% to 2455.67 points and the S & P drops 3.19% to 1129.56 points.

Like European and Asian stock markets, Wall Street is not immune to the anxiety surrounding the health of the global economy. This pessimism has been going on yesterday and pessimistic of the U.S. central bank. The Fed has held that the U.S. economic recovery was "slow" and threatened by "high risk". The central bank, in this context, announced an operation to extend the maturity of the assets it holds up to 400 billion dollars by June 2012."You can interpret this decision as the Fed's will not to launch three quantitative easing (monetary easing to boost the U.S. economy, ed) immediately, says Arnaud Poutiers, executive vice president of IG Markets.

The general concern about global growth has been reinforced by concerns about the economic situation in China. Manufacturing activity in the country has deteriorated in September, reaching its lowest level in two months, according to preliminary PMI bank HSBC said on Thursday. PMI Purchasing Managers calculated by HSBC in September reached 49.4 against 49.9 in August, knowing that a figure below 50 means contraction.

In France, the growth of private sector activity in September fell to its lowest level since the beginning of the recovery in 2009, while in Germany, the composite PMI, which includes industry and services, has emerged to 50.8, its lowest level since July 2009 against 51.3 in August.

The U.S. Treasury Secretary Timothy Geithner also said Thursday in Washington that the slow economic growth was a challenge "greater" than the debt and that the governments around the world should give priority to support growth .

On the issue of European debt disturbing fact, little progress.Greece has just announced yesterday it will launch new austerity measures to get the funding it needs Troika in October to avoid bankruptcy.

Oil tumbles 6%

The announcement of a rise in weekly jobless across the Atlantic is not reassuring. According to the U.S. Department of Labor, 423,000 people registered as unemployed during the week of September 10 to 17. The consensus of analysts expected 420,000 new applications for unemployment benefits.

The increase in the composite index of U.S. economic indicators slowed in August, which is a sign of increased risks to growth, said Friday the Conference Board.This index, which includes ten indicators supposed to give an idea of ​​the changing conditions in the United States within six months, rose 0.3% compared to July, where he won 0.6% said the institute of private economy.

On the front real estate, the price of houses increased by 0.8% in July compared to June, according to data released by the Federal Housing Finance Agency. In one year, it appears down 3.3%.

In this context, oil has lost more than 6% of its value in New York, amid sharp strengthening of the dollar, within the scope of pessimistic compiled by the Central Bank of the United States, the leading consumer of gold black.

On the currency markets, the euro is trading at 1.3476 dollar.The oil, he lost more than 6% of its value in New York, against the backdrop of a sharp strengthening of the dollar, within the scope of pessimistic compiled by the Central Bank of the United States, the leading consumer of black gold. On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for November delivery ended at 80.51 dollars, down 5.41 dollars (6.3%) compared to the previous day.

Values ​​to follow

On the corporate side, Bank of America (-5.02% to 6.06 dollars), Wells Fargo (-2.15% to 23.17 dollars) and Citigroup (-6.23% to 23.93 dollars) suffer further degradation of their notes by Moody's. The agency that the state may fly to their rescue.

Fedex (-8.17% to 66.58 dollars) has reported an EPS according to the consensus of $ 1.46 in the first quarter, a turnover of 10.52 billion dollars.

United Technologies (-8.75% to 68.32 dollars) will buy the equipment manufacturer Goodrich Aviation (10.10% to 120.55 dollars) to $ 16.5 billion (12.2 billion euros) cash, a transaction that would be the largest acquisition of U.S. industrial giant in 10 years.

Debt: France deserves what score she?

The three major rating agencies have Anglo-Saxon reassured after the deterioration of the U.S. debt rating by Standard & Poor's: France, with a AAA, will not follow the same path. At least in the coming months. An agency is an exception, the Chinese Dagong. It gives the country an AA-rating, while preventing it could soon lower it. Large agencies and small news, who's right?

Dagong is not severe with France. "She has a much more negative than Western agencies of the United States, the United Kingdom, France, Belgium, Italy, Spain, observes in a note to Patrick Artus, head of economic research at Natixis.Regarding the situation of public finances and potential growth, we can only give reason for Dagong against three major rating agencies. "

But the financial rating of a state that reflects the risk that it does not pay-or-bad debt, is not based solely on purely accounting. Moreover, France does not deserve an AA if only the statistics alone were taken into account by Standard & Poor's, according to calculations of Natixis.

Political risks

"The gap between Dagong and the three major agencies and explained in the apprehension of risk policy and governance," notes Juan Carlos Rodado, economist at Natixis, and author of a study on the methodology of rating agencies. An example: Venezuela has severely noted Standard & Poor's (BB-) by Dagong (BB +), because the former has less confidence in the Chavez government.Moody's, Fitch and Standard & Poor's, unlike Dagong, also place a note on the weight of history. If a country has poorly paid its creditors in the past, such as Russia in 1998, the final verdict will be more severe. This factor discriminates against developing countries, and benefits the West.

At the heart of the statistical arguments, the Chinese agency promotes stronger economic growth and foreign exchange reserves, that is to say the cash generated by an entire economy thanks to exports. This way of clearly favors the emerging countries, major exporters (including China) and catching up economically.

The agency Dagong appears too severe, however, in general, said Jean-Christophe Caffet, an economist in charge of France, Natixis also: "She has placed virtually no major country in the AAA category, and those that are found are the debt markets rather narrow in which we can not really invest, such as Norway, Denmark, Luxembourg and New Zealand. "

Question of Independence

Also emit some doubts about the credibility of the agency Dagong. It has only twenty analysts to rate 67 countries, against 70 to 80 126 Standard & Poor's. In addition, its relationship with the Beijing government cast doubt on some Chinese economists, reports Le Monde. Finally, the same method as slides Juan Carlos Rodado, is not innocent: "When Dagong underestimated so the political risk, we understand the underlying interest."Namely encourage emerging countries close to China.

ALSO READ:

"In the back kitchen of rating agencies

»COMPUTER GRAPHICS – The world seen by the rating agencies

"INTERVIEW -" We must reform the rating market "

Obama gives assurance on Wall Street

The speech Barack Obama optimistic on economic prospects of the country begins to lighten the mood in the U.S. markets. The stock market indicators began to return gradually in the green, particularly reassured by the employment figures. At 18:50 Paris time, the Dow rose 0.89% to 11,485 points and the S & P gained 0.60% to 1207 points, the Nasdaq remains hesitant, remaining balance (0.02%) to 2256 points.

U.S. markets also appreciate the market rumors to the effect that the European Central Bank is ready to support the Italian and Spanish bonds, if these countries to undergo structural reforms.

The employment figures dictate trend

The announcement of a significant improvement in job creation last month seems to calm the situation on Wall Street Friday after a collapse in U.S. up over 4% yesterday.In recent weeks, disappointing publications on the state of the U.S. economy had, in fact, chained, challenging the idea of ​​resumption of the world's largest economy. This publication confirms the figures released Wednesday by ADP, reports of more new jobs than expected for the month of July.

At 21 hours the numbers of U.S. consumer credit for the month of June will end this week full of macroeconomic data.

Oil and euro pressure

Oil prices climbed hesitantly at the opening Friday in New York, despite the employment figures better than expected, as the market wondered if it would be sufficient to support the demand for crude in a very fragile economic environment .On the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 87.04 dollars, up 41 cents from the previous day.

This concern also weighs on the currency front, the euro was trying to rebound against the dollar but remained under pressure from macroeconomic concerns.To 15 hours in Paris, the European currency was worth 1.4224 dollars against 1.4106 dollars on Thursday night, after falling to 1.4055 dollars in early Asian trade, its lowest for three and a half weeks instant payday loan.

AIG, GM and Procter & Gamble publish their accounts

On the corporate side, the semi-annual publications still dominate the news on Friday.

Thursday evening after market, the insurer AIG (-0.23% to 26.34 dollars) announced a return to the green of its accounts in the second quarter, with net earnings of $ 1.84 billion over the period, against a loss of $ 2.7 billion a year earlier. Per share, net income totaled $ 1 ($ 0.69 after tax, against $ 0.92 expected by analysts).

At the same time, and its first quarterly since its IPO on May 19, LinkedIn (-2.27% to 93.36 dollars) was positively surprised markets by announcing a turnover more than doubled the second quarter to 121 million dollars (120 euros) and net profit (4.5 million), where analysts expected a loss.

GM Motors (1.27% to 26.32 dolars) Thursday reported quarterly results exceeded expectations, with a near doubling of profits over the period.

Procter & Gamble (1.78% to 60.64 dollars) released before market on Friday for the fourth quarter of fiscal offset, net income up 15% to $ 2.51 billion.Of 2010-2011, so it shows a net profit of 11.79 Annual Statement billion, down 7% from the previous year.

Viacom (3.55% to 53.17 dollars), the parent company of MTV and Comedy Central, has reported a rise than expected in earnings thanks to strong revenue growth in advertising Cable and license agreements with websites. Its quarterly results (Q3) increased to $ 574 million against 432 million

Bank of America (1.70% to 8.98 dollars) is highly exposed to the most fragile countries in the euro zone, according to a document from the bank. The group said exposure to the tune of $ 16.7 billion (11.8 billion euros) in total to Greece, Ireland, Italy, Portugal and Spain in June 30Management has indicated in a document submitted to the regulatory authorities that its losses could reach up to legal $ 2.3 billion in addition to the provisions already passed for this purpose.