The "Spring of shareholders" in the City made a victim. Andrew Moss, head of the British insurer Aviva, resigned Tuesday after suffering a historic setback against his compensation during the general assembly of the firm last week. He might himself have abandoned a planned increase of 4.6% of annual salary of 960,000 pounds (1.2 million), shareholders with 54% disavowed his remuneration package. Taking note of this humiliation, he chose to retire to try to appease the revolt. Aviva's action was immediately flown more than 5% at the London Stock Exchange.

The fat cats ("fat cats"), as they are called here, hug the walls in the European capital of finance. For months, wages at six or seven zeros and their bonuses are exponential in the hot seat. Shareholder activism, biased against remuneration unrelated to performance in crisis, the disapproval of public opinion and government voluntarism in this area combine to send the message to the bosses Taking arrived.

In the same day on Tuesday, the Chief of the bookmaker William Hill, Ralph Topping, has narrowly escaped facing a turbulent AG which voted 49.8% against the salary increase of 8.3% and a bonus of 1.2 million pounds. A small carrier angrily denounced "the feast of the last chance for CEOs who try to take as much as possible while there is still time."  

Last week, Sly Bailey, the leader of the newspaper group Trinity Mirror, has also resigned rather than having to face this Thursday the shareholder revolt over his salary of 1.7 million pounds, while the action of the company lost 90% of its value since she took control.

Bill

Friday, it was the turn of the leaders of energy giant Centrica to face the challenge of a package of 4.3 million pounds intended for his boss, Sam Laidlaw. This agitation is not the fact of radical activist shareholders. Large institutional investors now lead the protest. 32% of those of Barclays Bank have opposed or abstained on the 17 million pounds of CEO Bob Diamond and 2.1 billion of bonuses distributed in the house, three times the amount of dividends paid.

"The shareholders have lost patience exasperated, says Sarah Wilson, leader of the association of small shareholders Manifest. This is not a political movement but the requirement for better business performance. The occupation movement of the London Stock Exchange has legitimized the need for state regulation since the boards were not able to regulate itself. "

A bill will be presented precisely this Wednesday's Speech from the Throne. One of its most controversial provisions, however, may be abandoned: it planned to require the approval of compensation plans for a three-fourths majority of shareholders. But the law should make the vote binding general meetings so far merely advisory.

Meanwhile, the "Spring of the shareholders' only budding. The association of retired FairPensions has launched a campaign for all retirees, widows Scottish kind, make their voices heard against excessive compensation. English executive salaries jumped 49% in one year.

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The American series arrives on France 3. Chain regions broke his piggy bank to afford a nice kind of success, the miniseries Mildred Pierce, whose title role was incarnated on screen by the talented Kate Winslet. The latter is even won an Emmy and a Golden Globe for his performance. This is from the prestigious HBO that France 3 acquired these five one-hour episodes. They are likely to be broadcast on Sunday evening by early 2013. Time Orange, who is the first broadcaster, exhausting his rights to his channel Orange Cinema Series.

For France 3, it is, according to David Djaoui, director of programming and acquisitions in the chain, "to create the event on a space usually devoted to the European crime series recurring." Usually, these are shows like Barnaby, Murdoch and Dr. Lewis are presented this evening, with some success for hearing. On average, these three series make between 11 and 12% audience share, or scores well above the average of the chain, which now runs at around 9%.

"We want a few times a year, offering a prestigious miniseries, in a very targeted against logic-programming compared to what we usually offer," he says. But the manager also promises that this foray into the demanding world of the American series "will never have anything to do with that suggest the main commercial channels TF1 and M6-type" with Mentalist or House MD. And for good reason. If the string "is not prohibited in the future to repeat the experiment" with suppliers as prestigious as HBO or Showtime, it must demonstrate opportunism to acquire existing rights.  

Human second choice

All major providers of American series are subject to long-term contracts with private televisions. Leaving the public channels that the possibility of acquiring the second choice of studios or production miraculously escaped this type of contract.

This is also why France 3 no longer hesitates to invest in pre-purchase of the miniseries. Thus, the chain announced the pre-purchase of 52 minutes eight times World Without End, the sequel to the blockbuster Germano-Canadian Pillars of the Earth. A real risk, given hearings that made the first season on the line, averaging 8.4%. But, says David Djaoui, this series' has performed well on our qualitative barometer. " Similarly, the chain intends to pre-purchase exclusive first Swedish police a series of at least six episodes to power the same box. These purchases are intended to show that France 3 "moves, intends to modernize and rejuvenate at a time when the media landscape becomes more complex. Next year will be even more complicated for us, public channels, in a universe of twenty-five chains, "says David Djaoui.

Ironically, these announcements come as the National Film Centre (CNC) has announced its willingness to revive French fiction and particularly to focus on new formats that are 52 and 45 minutes. Until then, France 3 emerged as the champion in all categories of the film unit of 90 minutes. Suffice to say that the French producers will have to start the page, even with the chain regions.

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Contrary to their owners, pets are not covered by Social Security.

But veterinary costs can reach high amounts. It may therefore be useful to subscribe to a mutual health a pet to take care of these costs.

Insurance intended for pets allows indeed a cost of sickness, accident risk, and even risk death.

What animals are affected by a mutual health?

If dogs and cats are often the main beneficiaries of mutual health destination of animals, the New Pets (NAC) are not far behind. The latter include some mammals (ferrets, rats …), reptiles or birds.

A mutual health destination for New Pets is especially recommended that they should mostly be treated by specialists. The vet bills are higher.

How to buy mutual health destination of animals?

As with any individual wishing to purchase health insurance, it is first necessary to make an inventory of needs.

We must then make a comparison of different pet insurance. It can be done easily online to get an idea of ​​prices before committing.

Namely: to buy a mutual health destination of an animal, various documents relating to it are often necessary (vaccination certificate, certificate of ownership, …)

The operation of the mutual health destination of animals

The mutual destination of animals functions as a conventional health insurance.

Following each visit, the pet owner receives a care sheet. Transmitted to the mutual, this sheet triggers the reimbursement of expenses incurred. The amount reimbursed depends on course conditions health insurance contract.

Note: Some pet health insurance even offer third-party payment so as not to advance the costs.

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After Marseille last October, Air France is launching 18 new routes in Europe and the Mediterranean from Nice and Toulouse. Air France-based aircraft to 10 8 to Toulouse and Nice with the aim of winning 600,000 and 250,000 passengers in Toulouse to Nice. The French company decided a year ago to be placed in the low-cost launching an offensive in the regions, particularly to counter easyJet, its rival, which has also recently opened two new bases … Toulouse and Nice.

But for easyJet, the development of the company is simpler to implement, "one is born low cost, it does not become so" amused himself last October François Bacchetta, its chief executive. Indeed, Air France, move to low-cost model implies big changes: we must be more responsive, increase the productivity of aircraft, reorganizing the work of hostesses, stewards and pilots, who will now fly more on fewer days, and reduce costs.

Orly soon affected by the reorganization?

However, in Toulouse – where ten new destinations in Europe (Athens, Berlin, Hamburg, Malaga, Malta, Naples, Prague, Seville, Venice and Vienna) and four (Casablanca, Istanbul, Marrakech and Tunis) are proposed – of Such changes are not appreciated by the employees of Air France. The CGT denounced a "deterioration of working conditions related to a much lower recruitment to the increase of activity planned." According to a senior manager quoted by the Journal du Dimanche, the new organization could receive Orly Airport: "This is an assumption on which the board working group on the short and medium haul."

The company, which reported in 2011 some 800 million euros in losses, hired in January a plan of savings over three years (2015 Transform), to € 2 billion savings and reduced debt 6 to 4,000,000,000 euros.

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Spain hopes to get the chairmanship of the Permanent Mechanism of rescue of the euro area (SS) and seems well positioned to succeed, according to an EU official interviewed on Sunday by Agence France-Presse. "It's a real possibility" for Madrid to recover this function to be assigned soon, he said, on condition of anonymity on the sidelines of a meeting of EU leaders in Finland.

The permanent emergency mechanism to protect the countries of the monetary union of the debt crisis must be activated in July. Until recently it was taken for granted that the current President of the Temporary Relief Fund in the euro area (EFSF), the German Klaus Regling, head of the MES. But several key positions must be free by this summer in major European institutions (Eurogroup EFSF, European Bank for Reconstruction and Development) and the negotiations are going well.

Unable cumulation of Germany

But the hackneyed Germany itself cards by campaigning for his Finance Minister Wolfgang Schäuble will become the next president of the Eurogroup when the mandate of the current incumbent, Prime Minister of Luxembourg Jean-Claude Juncker, will arrive due this summer. Given the economic weight of Germany, Schäuble is well positioned to obtain the direction of this forum of finance ministers of the monetary union, said two officials of the euro area also on condition of anonymity no checking account payday advance. "It is the favorite," said one of them. In these circumstances it would be very difficult for Germany to get more of MY president.

So Spain seriously eyeing this function. Because at the same time Madrid has little chance of securing a position in the Executive Board of the European Central Bank, also at stake and for which she has applied. This is a Luxembourg, Yves Mersch, who is best placed, the sources said. "Of two things, if Schäuble was appointed to the Euro, Spain can expect the MES as compensation. And finally if Juncker was to remain in the Eurogroup, Spain will get the job at the ECB as the Luxembourg can claim the two portfolios, "said one official.

In Finland, the Spanish Secretary of State to the European Union, Inigo Mendez de Vigo, would not comment on details of ongoing negotiations. "I can tell you that ultimately we will not be losers" of history, he said at a news conference. "We are a family, a family and sometimes you do not get everything you want but ultimately you should feel at ease and I am confident that ultimately we will be at ease" with the result, he said.

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So far, Francois Hollande was very talkative on controlling public spending. To prove his seriousness in budgetary matters, the PS argued the EUR 49 billion of tax increases planned – both graded increases to fund new measures and to reduce the public deficit to 3% in 2013. Change in tone Thursday on France 2. The Socialist candidate was more explicit result: the return to balance accounts in 2017 will also "by 50 billion savings on public spending," he said, highlighting a point that appears from the origin, but discreetly, in its program.

In fact, in a country where public expenditure accounts for 56.6% of GDP, while fiscal consolidation achieved through an action on the charges. Except as we stay in France. Unlike the choices made in the UK and measures imposed in Portugal or Greece, or Francois Hollande nor Nicolas Sarkozy proposed to actually reduce government spending, that is to say, the return of 100 euros a year to 95 next year. The two main candidates simply promise to slow the rise.

From 1978 to 2008, public spending grew on average by 2.6% per year, plus inflation. "We will limit their increases to 1% per year," said Francois Hollande. Right, this government promised in Brussels an increase of 0.4% per year until 2016. Then where are the savings put forward by both sides? This is actually a smaller increase in expenses, compared to their natural tendency (which is explained by the increase in salaries of civil servants, the increase in health spending, the rising number of retirees, etc.. ). This is supposed to be parallel to that of GDP. Example project with Holland. Without special measures, the approximately 1 trillion of government spending should increase as the national wealth (1.7% per year initially, 2.25% at the end, according to forecasts of the candidate). An average increase of about 2% per year during the future five-year-around 20 billion euros each year free credit report and score. The PS wants to limit their growth to 1% per year. The economy compared to the natural drift is 10 billion per year and $ 50 billion in the five year term. The weight of public expenditure in GDP would decline to 53.9% while in 2017 the government is 52.8% in 2016. In both cases, the action will inevitably unpopular.

Divisive options

Social benefits-health costs, pensions, family allowances or unemployment … – indeed absorb 45% of public expenditure. Just to bring growth in public spending to 0.7% in 2011, the current government had to reform pensions, act on Medicare and not to replace staff on two retiring.

Thursday, Francois Hollande suggested avenues for savings: lower prices and consumption of drugs, focus on health prevention, cuts in aid to enterprises, decentralization. Displaying its objective of stabilizing the size of the public, he admitted that there would be job cuts in all departments except Education, Justice and Home Affairs. "The salary policy will be serious," said Michel Sapin, program officer of the applicant, being careful not to promise any pay rise. And state transfers to local (one hundred billion a year) "will not progress." Not to mention that if economic growth is not at the rendezvous, the scheme collapses. Michel Sapin no plans yet not to intensify efforts in this case: "A real spending cuts could destabilize the economy," he retorts.

Advocating a greater effort, Nicolas Sarkozy announced the continuation of "one in two." The UMP also wants to cut $ 2 billion per year transfers to communities. Magnitude of the cuts, selected sectors: these options are politically divisive. But in a camp like in the other, the information disclosed so far are not enough.

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According to French law, any insurance or any caravan trailer is mandatory. Also, if an insured decides to tow a caravan with his vehicle, he must notify his insurance company. If the total weight to load (GVW) of the caravan is less than 750 kg, it is on auto insurance of the towing vehicle. However, if the total weight to load (GVW) of the trailer exceeds 750 kg, it must have a specific insurance policy.

The insurance contract specifically the trailer can be purchased from an insurance company specializing. However, to enjoy a good quality / price ratio, it is advisable to use the same insurance company ensuring that the towing vehicle.

Namely: if the trailer weight exceeds a total load (GVW) of 500 kg, it must have its own logbook. This must be forwarded to the insurance company.

Consider the use made of the caravan

Whether stationary or towed, the trailer must receive liability coverage to cover damage to third parties. If it is a permanent home, it becomes necessary to take out specific insurance.

The duration of the insurance can be modulated according to the frequency of use of the caravan cash advance payday loan. If it is possible to ensure a caravan all year, it is also possible to insure a timely manner, for example, only the holidays.

Purchase additional coverage

If liability coverage is mandatory for a caravan, it is also possible, such as auto insurance, take out specific safeguards. Thus, the accidental damage warranty can cover the repair of the trailer in an accident. The guarantee can cover theft theft but also the attempted theft of the caravan and its contents. The compensation is brought in only if the insured is able to provide physical evidence of the loss.

The warranty fire and explosion can cover fire outside or inside. This warranty also covers the damage done by lightning.

Note: If a specific development is carried out in the caravan, it is best to notify the insurance company (especially when planning costly).

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The Spaniards were present at the call of the unions. In 57 cities, the protests against the reform of the labor market have attracted hundreds of thousands of people. The organizers are talking about 500,000 demonstrators in Madrid and Barcelona to 400,000 – the police has seen ten times less. This first national day of action against the Conservative government of Mariano Rajoy has mobilized in any case beyond the adherents of the two main unions, Comisiones Obreras (CCOO) and Union General de Trabajadores (UGT). Protesters accuse the Executive to facilitate the dismissal and push workers into poverty. Reform, adopted by decree, reduces redundancy of 45 days per year worked to 33. It introduces a new CDI together with a trial period of one year and allows companies struggling to lower wages without consulting their employees.

In Madrid, where union leaders have been leading the parade, the event was festive. In this weekend carnival, some of the protesters came dressed up. Here, a family dressed up as cavemen wearing a sign reading "Go back to prehistory." Here, the character of the albums Where's Waldo? Says "seek democracy."

"Huelga General"

In major Spanish cities, the "critical sections", heirs of the social movement of indignados, have swelled the ranks of workers payday loan. The outrage, however, maintained a safe distance with union leaders. A kind of protest in the event: "Thanks for coming!" They chanted, ironically, to the Union address. For from the adoption of Decree ten days ago, the indignant took the streets of Madrid, without waiting for permission from the prefecture, or call the CCOO and UGT.

The latter is intended primarily rely. "The event this Sunday is only the beginning of the engagement," explains the spokesman for CCOO, Fernando Lezcano, without ruling out a general strike. The "huelga general", thus: in the processions, the claim is almost unanimous.

Mariano Rajoy said the protesters from Seville, where his training, the Popular Party (PP), celebrating its 16th national congress in a triumphalist mood. "Reform is just, good and necessary for Spain," he said. Rajoy announced new "sacrifices", without giving details. Before the elections Andalusian March 25, the head of government is cautious. Even if this bet formula: "It will not be pleasant, but the Spaniards are in agreement."

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"Kleftes! Thieves! "The insults burst forth in the processions of anti-austerity protesters in the streets of Athens these days. The Greeks win against a political class accused of making no sacrifice while officials have seen their wages blend of 20% and expects the same treatment as private sector employees. MPs in particular are accused of refusing to lower their pay by 10% at the height of the crisis in 2011.

"Until now, politicians have not been transparent about their incomes and citizens suspect that considerable sums are spent for miscellaneous expenses, or that MPs employ family members as assistants," says Nick Malkoutzis a, journalist with the daily Kathimerini.

The Easter bonus deleted

MEPs, however, made a few sacrifices. The 13th and 14th month salaries were eliminated, as in the rest of the civil service in 2010. Last July, the attendance fee paid for participation in a meeting of the 34 parliamentary committees was reduced to 150 euros, against 245 euros before. Premiums Easter, Christmas and holidays have been removed, additional taxes created. These measures have melted the monthly salary of 3375 euros per head on average, according to elected officials.

Parliament said today that the gross monthly salary now stands at 8,221 euros, 4,231 euros after taxes. Are aligned with the highest salaries of public service. In comparison, a French MEP wins 5189.17 euros net. Still, the Greek Parliament plans to spend 34.2 million euros in 2012 for salaries, including bonuses and other compensation. What assure members a sum of 9500 euros per month, plus office and secretarial included.

The difference, ultimately, does not seem huge with the situation before rigor sets. Last December, Parliament has in fact published on its website, for a few days, the tax returns for 2009 of 300 MPs. It was to answer charges of opacity.

Income gaps

Salaries, allowances, current accounts, real estate, and other financial transactions in this document. It shows that in 2009, elected a ten won more than 9,000 euros per month through its sole parliamentary activity. What must be added, for some, a second salary (in Greece, one elected is entitled to retain his original job posting) as well as income potential spouse. Then the gaps widen between the richer members of the assembly (six of them earned more than 33,000 euros per month) and more modest, saying some 2,025 euros monthly income for their household.

"While the debate on the wages of 300 Deputies Greek is symbolic. They represent only three thousandths of the state budget. But the political class has missed the opportunity to cut its own salaries along with those officials, two years ago, analyzing the Greek-Swiss historian Nikolas Bloudanis. It would have been a symbolic gesture extremely important. "Times are changing: this week, for the first time, an elected, Dora Bakoyannis, head of the small liberal party New Democracy (four members), has proposed halving the salaries of parliamentarians .

How much do Greek political leaders

George Papandreou. Photo credits: JOHN KOLESIDIS / REUTERS

So investors remained pessimistic before the meeting between President Nicolas Sarkozy and Prime Minister of Greece George Papandreou that began at 17 hours, to "take stock of the situation with him that is currently in Greece."

More than 18% increase for the banking week

Across the Atlantic, consumer spending has slowed sharply in August, while household incomes have in turn declined for the first time since October 2009. Were also more bad news from China where activity contracted slightly in September for the third consecutive month as Germany, which saw its retail sales fall 2.9% on month in August .Sign of the resurgence of pessimism, the euro resumed its decline against the dollar at 1.3456 dollars (-0.96%) and oil is about to go under 80 dollars to 80.082 dollars exactly (-1, 61%).

On the corporate side, banking stocks were again weighed on the Paris stock exchange, but this time negatively. Societe Generale lost 7.31% to 19.54 euros, Crédit Agricole has sold 3.17% to 5.23 euros and BNP Paribas dropped 3.50% to 30.05 euros. Week, however, was very positive for the French banks as they have won between 18% and 20% in stock. Most cyclical stocks, the more dependent the economy, also rose in the image of Lafarge (10.40% for the week) and ArcelorMittal (4.93%). However, the luxury sector has suffered: the last five sessions, lost 5.50% LVMH and PPR was down 7.88%.Vallourec, which suffers from the slowdown in the sectors of mechanical engineering, gives up almost 9% for the week.