The free electron Arnaud Montebourg was appointed Minister of Productive Recovery, a new song for the important figure of the left wing of the Socialist Party. Arnaud Montebourg
Arnaud Montebourg, 49, was appointed minister of Adjustment Wednesday productive, a role he had foreshadowed a "tour de France plant" made in the name of Francois Hollande during the presidential campaign. It will be flanked by two junior ministers, Fleur Pellerin (SMEs, Innovation and Digital Economy) and Sylvia Pinel (Crafts, Trade and Tourism).
Born October 30, 1962 at Clamecy (Nièvre), that great admirer of Gambetta, son of a butcher and a professor in the Algerian origins, became known as a leading lawyer in battle against Alain Juppé in the case of his apartment the City of Paris in 1995.
Activist of the PS since 1981, elected deputy of Saone-et-Loire in 1997, this speaker is trying to clear facilities in vain, in 2001, full cohabitation, Jacques Chirac to appear before the High Court.
With Vincent Peillon, the fiery MP founded the New Socialist Party (NPS). Their current gets nearly 17% of the votes in Congress in Dijon in 2003, with a slogan: the Sixth Republic, and more power to Parliament.
Voting "no" to the European Constitution in 2005, it is close to Ségolène Royal, it hosts in September 2006 in the "Feast of the Rose" in his constituency.
Gala magazine publishes a portrait of this man with shoulder-length brown hair, thin and always elegant, titled "The Playboy of Ségolène" conversation pieces. Mr. Montebourg, claiming he was duped, assigns the magazine.
Invested candidate, Ségolène Royal is designated spokesman, but suspends the month: on Canal +, the new Minister of Productive Recovery was told that the only flaw of the socialist candidate was his companion, a … Francois Hollande. "We laughed with Ségolène", he relativizes years later.
Montebourg often attacked Francois Hollande, who owes him the nickname "Flanby". The deputy of Saone-et-Loire also spoke of "cowardice" about supporters of the "yes" to the European Constitution in 2005, before turning back at the express request of the then First Secretary.
Ardent opponent of multiple directorships, Montebourg becomes "believing but nonpracticing" by appearing at the cantonal elections in his department, which led him to the presidency of the General Council in 2008. In early 2011, he announced he will not seek a fourth term as an MP.
With primary theorist Olivier Ferrand (Terra Nova), the fiery MP Aubry threat to resign if he does not succeed in 2009 for organizing this new process. "I had my dress emerged avocado eaten by moths," he says. First secretary finally agreed.
Himself a candidate with a small team, Montebourg campaigned on the left wing, defending the "de-globalization" or, according to his many opponents, a neo-protectionism that dare not speak its name. Result: 17.2% of the vote. In December 2011, he created the stir by denouncing "a policy that Bismarck" Angela Merkel.
Happy white knight, he denounces the business federations PS Bouches-du-Rhone and Pas de Calais and demanded to DSK "apologize to all the left".
PS, some criticize this "preacher of morality," its "excesses in the attack." His third place in the primary, however, gives him the role of a kingmaker who choose to personally Francois Hollande. The presidential candidate will make his "special representative", in charge of a factory tour of France. He joins the transition services of a relative of Mr. Montebourg, Aquilino Morelle, now political adviser at the Elysée.
Separated father of two, Arnaud Montebourg is the companion of Audrey Pulvar journalist, with whom he filed a complaint for assault in the streets of Paris in March.
U.S. President again pleaded for taxation at 30% of annual revenues in excess of one million dollars. Rival in the White House, Republican Mitt Romney, is directly targeted: his fortune is estimated at between 190 and 250 million. U.S. President Barack Obama arrives at a rally in Florida on April 10
Barack Obama pleaded Tuesday for the "rule Buffett," a rebalancing of tax scales to charge more for the richest Americans, a way to embarrass the multimillionaire Mitt Romney, his likely opponent in the presidential election. "What hinders our entire economy is the growing gap between the super rich and everyone else," said the American president during a speech in Florida (Southeast), a crucial state on the electoral map for the presidential Nov. 6 where he is seeking a second four-year term.
"I ask you: what is the best way to strengthen our economy? Provide $ 150,000 in additional tax relief to every millionaire and billionaire? Or invest in education, research, health and our veterans? "said Obama at a university in the city of Boca Raton, facing an enthusiastic crowd, which chanted" four more years! " The president has defended the September 2011 "Buffett rule", the taxation at least 30% of annual revenues in excess of one million dollars. The chairman stressed that it is unfair that the multibillionaire Warren Buffett, are among the world's wealthiest people, is subject to a tax rate lower than his secretary employed, due to a tax code that taxes less capital income than labor. Warren Buffett himself has said he supported this measure.
The Senate, dominated by allies of Mr. Obama should make Monday a procedural vote on this device. But Republican opponents of the president have said their hostility and can block it. Obama's insistence on the "rule Buffett" seems primarily intended to put on the defensive opponent Mitt Romney, became even more conservative favorite of the primary on Tuesday with the abandonment of its main competitor Rick Santorum. The president did not mention the name of Mitt Romney, merely ironic about the presidential candidates "that should not be appointed" and that according to him are lawyers from both deficit reduction and a reduction in taxes for the rich.
Mitt Romney only pays 15% tax
Mitt Romney, a former investor whose fortune is estimated at between 190 and 250 million dollars, be admitted subject to a tax rate of 15% despite annual revenues of over $ 20 million in 2010 and 2011. It thus benefits in particular, as many wealthy Americans, niche tax changes introduced in 2001 and 2003 under the aegis of former Republican President George W. Bush. The White House says that Americans appearing in 0.1% of the highest incomes pay taxes now represent 26% of their income, against 51% in 1960, while members of the middle class have seen in the same time their tax rate from 14 to 16%.
The discount on the carpet of the "rule Buffett" comes as Americans must report their income before April 17 and may be more receptive to such a speech. The Republican camp has fired back Tuesday stressing that what they called "Buffett tax" would raise no less than 50 billion dollars in ten years, while the federal government debt exceeds 15,600 billion . And communications director for Mitt Romney, Gail Gitcho, said that "President Obama is the first president in history to openly campaign for reelection on a platform of raising taxes." Former President Bush himself on Tuesday defended the tax cuts of 2001 and 2003, during a speech in New York. "If we increase taxes, we take money from the pockets of consumers," he said in a rare foray into politics since leaving the White House in January 2009.
The sustained improvement in the U.S. labor market continued in February for the third consecutive month, confirming the scenario of a broadening recovery é economic.
The economy created 227,000 non-farm jobs last month, according to statistics from the Labor Department, and the unemployment rate remained at its lowest level in three years, 8.3%.
This is the first time since early 2011 that the new posts remain above 200,000 for three straight months.
The figures for December and January were also revised upward, from 61,000 in total.
Economists polled by Reuters had expected an average of 210.000 jobs created in February after the figure of 243,000 was originally planned for January.
In 2009 women earned on average 20% less than men in the private sector in working time equivalent, according to latest figures from INSEE. This is due largely to different qualifications. However, even within each occupational category, the differences remain. Of employees in an office in Caracas Noticias24.com website.
In 2009 women earned on average 20% less than men in the private sector in working time equivalent, according to latest figures from INSEE showed on Wednesday. "In 2009, the average net salary in full-time equivalent for women is 80% of men in the private sector and 87% in the public sector," wrote the Statistical Institute. The conclusion was the same for 2008. "This is due partly to a structure different skills," said INSEE, "for example, 19% of men are employees of private frameworks against only 12% of women." However, even within each occupational category, "gaps remain," added INSEE survey in the "Jobs and wages".
Among managers of private, women's wages is less than 23% and 21% in the public, illustrates INSEE, noting that the gap "can be partly explained by an effect of glass ceiling + +, but also by other elements such as choice of specialty training, industry or career paths. " This wage gap among executives is "much less important in under 25 than among older people," adds the INSEE, which also notes that the differences "are lower in other occupational categories."
Women are more part-time
A study by the Directorate of Coordination of Research, Studies and Statistics (DARES, Ministry of Labour) in 2008 and published on 2006, frequently cited, noted 27% of gross wage gap in the private sector (about 17% in hourly wages, working time to be equal). The gender differences are also visible in the activity rate and working time. If 70% of the population aged between 15 and 64 is active as defined in International Labour Office (worked, not even one hour during a given week), the figure drops to 66, 1% for women and up to 75% for men.
This gap is much reduced between 1975 and 2009 from 31 points to 9 "under the combined effects of rising female participation rates and a decline in male activity." He explains "a large part" by the presence of young children at home "for families of two children with one (or more) is less than three years, the participation rate of mothers is 54% while that of fathers is 92%. " Finally, women are more often part-time, which only partly explained by the presence of children. "Even among the employed and childless, the proportion of women working part time is 17 points higher than men." "This is so very often involuntary part-time, women are likely to work in the service sector where the use of part-time by companies structurally important", said INSEE yet.
PagesJaunes announced Wednesday that its board would propose as an exceptional pass the dividend for 2011, after registering a decline in its revenues and profit margins last year.
Heavily in debt, the publisher of printed directories and online, the site owner geolocation Mappy, saw its net cash flow to fall by over 20% last year, penalized by including the rising cost of its debt.
The full year 2011, its turnover stood at 1.1 billion euros, in line with market expectations according to Thomson Reuters I / B / E / S, This represents a decrease of 2.1% over the previous year.
Its gross operating margin (GOM) totaled 493.1 million euros, down 4.8%.
The group said it expects for 2011 a decline of about 2% of its turnover and a GOM between 485 and 500 million euros, an objective that was lowered in July to reflect impact on its business of social movements before the summer.
For 2012, the group says aimed to stabilize its revenue after two years of decline, thanks to the growth of its business on the internet which should represent 60% of its total turnover.
It also anticipates a GOM between 470 and 485 million euros.
European shares opened slightly lower Tuesday after Moody's decision to lower the perspective of the AAA rating of certain European countries, including France and the UK , and lower that of six states, including Spain, Italy and Portugal.
The Moody's decision weighs on market sentiment already dominated by concerns about the ability of Athens to carry out drastic austerity measures required by its lenders in exchange for a new aid plan.
"It is clear that (the decision by Moody's) do not change the deal, but they come at a time when investors are asking questions about risky assets, following a period of strong growth" said Chris Weston, institutional trader at IG Markets.
The euro and British pound lost ground against the dollar after this announcement, as the yen after a new policy easing by the Bank of Japan.
The day will be full of economic indicators including the German ZEW index and industrial production in the eurozone, as well as new auctions of sovereign debt in Europe.
In the afternoon, investors expect sales to particular details of the U.S. in January and business inventories for December.
The Paris CAC 40 index yields 0.3% to 3,374.97 points in early trade, the German Dax lost 0.1%, the UK FTSE 0.16% and the pan-European index STOXX 50 was down 0.18%.
Bank stocks in Europe (-0.57%) are among the largest declines, with insurers (-0.53%) and commodities (-0.8%).
In Paris, BNP Paribas lost 2.7%, largest drop in the CAC 40, followed by Credit Agricole (-1.64%) and Societe Generale (-1.5%).
Alcatel-Lucent continues to rise they began Friday after the publication of its first profit since 2006, and earns 4% plus increase in the CAC.
L'Oreal takes 2.1% after posting results slightly exceeded expectations, marked by a recovery in margins, and have said "well armed (…) for another year of growth in turnover and results. "
Prime Minister Lucas Papademos called on Sunday for three party leaders Greek government to publicly commit to implement the reforms demanded by the country's creditors in return for a second help.
The three party leaders were summoned Greek government on Sunday by Lucas Papademos to overcome their objections to the new austerity measures demanded by creditors, even if they have so far resulted only exacerbate the recession of countries.
George Papandreou, Antonis Samaras and George Karatzaferis – respectively leaders of the Socialist party, New Democracy (right) and Laos (far right) represented in the Greek coalition government – arrived mid-afternoon Maximos the palace, where the offices of the Prime Minister.
The representatives of the troika of institutional creditors of the country (euro area, European Central Bank and International Monetary Fund) have previously met the Prime Minister, Finance Minister and the Minister of Labour. The Greek government has been negotiating for weeks on the establishment of a structural adjustment program of the country in exchange for a second loan of at least 130 billion euros, which would add to that 110 billion awarded in May 2010 the country to protect it from bankruptcy.
100 billion euros of debt
Negotiations described as "superhuman" Sunday by a senior government official, intended to prevent Greece a default in the month of March. An alternative trading-just as crucial-government with its private creditors to erase 100 billion euros of debt, depends on negotiating with creditors. Among the hard spots, rejected both by the Greek trade union leaders by most politicians, are the demands of the troika of generalized lowering labor costs.
"I come with the hope that I will not repeat what was said recently the former German Chancellor (Helmut) Schmidt," said George Karatzaferis to the press on arrival at the Prime Minister, after warning that it did not feel ready to bow to pressure from Berlin or "blackmail". In December, Helmut Schmidt had expressed concern about how other countries dealt Berlin and European partners in managing the debt crisis, when Germany imposes its solutions to its neighbors.
Saturday night, the Greek Finance Minister Evangelos Venizelos said the negotiations "on the razor's edge" were to conclude Sunday evening that Greece avoided a default in March
Risk of bankruptcy in March
The leader of the Eurogroup, Luxembourg Jean-Claude Juncker, has also lobbied on Saturday night by evoking the risk of "bankruptcy" of Greece in March if the reforms demanded were not completed.
"If we were to find that everything goes awry in Greece, then there would be no new program" refinancing of the country, said the head of government of Luxembourg. "This would mean bankruptcy in March," he added. "Greece must know that we will not back down on the issue of privatization," he said, regretting that there is no other "elements of corruption at all levels of government" Greek.
The opponents argue that wage cuts will exacerbate the recession in Greece, where the economy is stifled by a recession that puts on airs of depression, with GDP expected to fall by around 6% in 2011 after two years of austerity.
According to a government study released last week, the unit labor costs in Greece has already fallen by 14.3% between the first quarter 2010 and third quarter 2011.
But according to the head of IMF mission in Greece Poul Thomsen, measures of wage compression in the private sector will boost the economy through a gain in competitiveness. Paul Thomsen has advocated such a reduction in the minimum wage, a red rag to the unions, saying only 751 euros gross per month was 35% higher than in Portugal, and 20% in Spain.
The Industry Minister Eric Besson confirmed Wednesday that the price of gas and electricity for individuals would be maintained until the presidential election, despite requests from EDF and GDF Suez.
The Minister of Industry and Energy Eric Besson confirmed Wednesday that the price of gas and electricity for individuals would be maintained until the presidential election, despite the attacks to justice and GDF Suez of other gas suppliers. Asked about RMC and BFM TV about the continued freeze gas prices to presidential, Mr Besson said: "Yes. The Prime Minister made this decision and he made it clear to the national representation . (…) In any case for individuals. "
"We have a simple thesis is that the increases should be extremely limited so as not to influence the purchasing power," he noted, without being able to specify whether this also applied to the gel subscription. For electricity, Mr. Besson is back in a statement to AFP on the remarks made earlier on the air. "It will increase slightly, probably," he said on BFM TV and RMC. "I do not know (when) we will discuss this with EDF."
Asked by AFP, the Office of the Minister of Energy said: "Eric Besson reaffirms that in accordance with the arbitration of the Prime Minister, electricity rates applicable to individuals are frozen until 1 July 2012, and no decision is expected to increase. "
Faurecia announced Friday the successful refinancing for a $ 1.5 billion, the group has launched Monday.
These operations include a bond due in December 2016, for $ 350 million with a coupon of 9.375%, said the automotive supplier in a statement.
The refinancing of Faurecia also involves a new syndicated loan of 1,150 million, consisting of two bands A (690 million euros) and B (460 million), respectively of maturity in November 2014 and November 2016.
These two operations will allow us to prepay a loan of 250 million euros made by Peugeot in conjunction with the refinancing of the existing syndicated bank also said Faurecia.
The U.S. economy continued to grow at a slow pace in September, but prospects appear dim, believes the Federal Reserve in its "beige book" on Wednesday.
"The economy as a whole has continued to grow in September, although many districts described the pace of growth as" modest "or" low "and contacts have generally found a weakening outlook," says the Fed This situation report.
Wall Street and oil prices went up in free fall as a result of this paper while the price of Treasuries rose.
The memo on the economy the Fed is based on data collected before October 7 and deals with all the economic conditions in the 12 Fed districts, which cover the entire United States.
According to the Beige Book, consumer spending rose slightly in most districts, thanks to the automotive industry and tourism.
There was also an increase in business investment, particularly in construction and mining.
While a number of districts have experienced some recovery in construction activity, "the general conditions of real estate – residential as commercial – are still depressed."
Also according to the survey, several districts noted that many retailers are reluctant to build up stocks despite the approach of the holiday season, reflecting a decline in consumer confidence.
This holiday season – which runs from Thanksgiving to Christmas – is at least half the annual turnover of many stores.
Interviewed on CNBC, the president of the Boston Fed Eric Rosengren said the Fed may have to increase support measures if the U.S. economy weakened further or if it was affected by a new shock.
