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A territorial policy of social housing, that is to say building in priority areas in deficit, such is the ambition on Wednesday by Secretary of State for Housing. Two days after the publication of an alarming report of the Fondation Abbé Pierre on poor housing, Benoist Appearing presented the draft state for 2010, namely to contribute up to 4.7 billion euros to finance 140,000 housing, half in Ile-de-France, Rhône-Alpes and Provence-Alpes-Côte d'Azur, the zones "tense". The program is ambitious, even by the balance of 2009 when 120,000 housing units were built "three times more than in 2000, the ministry said.

4 billion tax form

But if the Social Union for Housing which manages public housing can not approve a policy that it "calls for two years, is on the question of financing the rub.The state budget provides for the payment of 624 million euros to public housing agencies as aid to the stone. The rest of the state aid-more than 4 billion-will take the form of tax incentives (VAT, property tax, preferential interest rates). "The $ 624 million is less than 660 million euros achieved in 2009, and far from the 800 million budgeted in 2008," laments Pierre Quercy, general delegate of the Social Union for Housing which manages public housing bad credit payday loans . "We're going to build a priority in areas of shortage, and therefore more expensive, but with less money," says the delegate general who believes a more realistic assessment of the number of homes built to last 100,000.

At the Department, any accusation of declining level of aid is denied."The effort of the State is not limited to 624 million euros of aid to the stone, take into account the full support of 4.7 billion euros, which will build 140,000 homes social, said the firm Benoist Appeared. Construction or purchase. As announced Tuesday the secretary of state, public housing agencies will be able to acquire any vacant units to turn them into housing. Another idea supported by the Social Union for Housing, but according to Pierre Quercy will face the same problems of funding. "We estimate that 350 million euros of state aid would be needed to buy 10,000 housing units in the tense areas," said the delegate general. What largely begin the budget.

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The year 2010 will she, socially, as difficult as the year 2009? After the leaders of the metallurgical Swedish Akers, it was the turn of those of Pier Import of being selected by employees angry. They are fifty, working in 25 stores pending closure, to have forced two of their leaders, the CEO Sonia Ben Behe and CEO Gerard Démaret to spend the night Monday in their office.

The group's employees placed in bankruptcy protection since September, and reiterated recently by the group atmospheres, hope to obtain supra-legal benefits greater than those granted after the works council on Monday.For while 20 stores were saved by the recovery, the closure of 25 other lead 140 redundancies.

A strain devoid of aggression "

"The night [passed to company headquarters in Villepinte] went very well. They are still retains, in a friendly atmosphere, "said Fabrice Ménard, union CGT (majority) pay day loans . In turn, the CEO said last night that the constraint exercised by the employees was "devoid of aggression," and that the situation was "not annoying".

Employees require a half months of salary per year of seniority. Management, however, limits his proposal to a month for five years seniority."The supra-legal claims are being negotiated, nobody will be cheated of his rights, had assured the CEO Monday, pending a meeting Wednesday with Claude Ben Behe, Chairman of the Board of Directors of Förfina, principal shareholder of Pier Import. The Industry Minister Christian Estrosi said Tuesday morning on LCI it was the duty of government to "ensure" that a "way forward" is found for each employee, but said he can not be "real negotiations when there is violence."

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lefigaro.fr: Pay rates are eroding each year. Life insurance will she lose her place of savings product preferred French?

François Longin: This term is preferred savings often used but it is not really the case for at least two reasons. The first is financial. The product units accounts sitting on the CAC 40 have suffered from the crisis. As for funds in euro, eroding their earnings. 5%, it rose to 4.5% or 3.8% for some. But with returns that remain between 3% to 4%, life insurance remains more attractive than money market products whose performance flirts with 1%.The second reason is related to the reform of inheritance tax since 2007 has lost a little interest in life insurance.

Life insurance is it still a good product transmission?

The tax rules for the transmission of money invested in life insurance have not changed, but the reform of inheritance taken by the Government to facilitate such donations, has lost its interest in life insurance. Particularly as regards the succession between spouses. However, holders of life insurance can now pay up to 150,000 euros to each of their children, not inheritance. This allows for example a couple with two children to give each of them 300,000 euros for free.Beyond 150,000 euros, the transmission is taxed at 20%.

What issues should I consider before choosing a contract of life insurance?

Before choosing an insurance-life, we must address three key points. The profitability, risk and liquidity funds. Profitability, in other words, the compensation offered by the contract is important. It will depend on the type of support. Either you invest in a fund in euros, based on government bonds and the yield will be between 3.5% and 4.80%. Whether you choose the fund units of account, also called multichannel, whose performance is more important because you take more risks by investing in shares or funds to emerging markets. It's more risky, but the year after, people who have invested in French shares have gained 20%.

It must then linger on the liquidity of funds.The money is not actually blocked, but it is more or less detrimental to withdraw money before age 8.

Finally, we must be vigilant about fees: entry fees, which disappear on the Internet, and management fees that range between 0.6% and 1% under the contracts.

At what age is it interesting to take out life insurance?

The tax treatment of life changes during the life of the insured. Over the insured later withdrew the money invested is more interesting. Insurers therefore recommend to take a contract as soon as practicable, to date, and this even if the person is simply placing a small capital without making further payments in the first place.When young, you can also take more risk and choose unit-linked contracts account for more attractive returns.

Can we rely on contracts offered on internet?

They are good products in the sense that it has internet access to the same fund as the insurance contracts traded in the "real world", with more direct access to place orders. Other service not found with traditional life assurance: all orders have a written record, the process is to me more reliably than through an intermediary. The sites of online brokerage also offers advice and simulations. Opting for a contract on the internet, however, implies that one has some experience of financial investments.

Beijing celebrates this anniversary fanfare since late November. An exhibition devoted to the achievements of Macao since the handover was opened December 11 in Beijing by Chinese President Hu Jintao. "Macau has grown tremendously during the last decade," he told the Chinese press. Development supported by the central government of China, he said.

Macau and China signed in 2003 a trade agreement (the CSIO), strengthened several times since. This agreement facilitates the access of goods and services macanas to mainland China. The trade has more than tripled between 1999 and 2008, reaching $ 2.91 billion last year.According to a report released December 16 by the Ministry of Commerce of China, mainland China was the third largest investor in Macao in late September, after the United States and the European Union, a non-financial direct investment of 623 million dollars.

Jubilation in the city of Macau, just after the handover ceremony. Photo credits: AFP

He had said in November he confirmed Monday. The British confectioner Cadbury rejects bid officially launched by the giant U.S. Food Kraft Foods. In a paper stock, the confectioner highlights the objectives of long-term growth above expectations to show the low supply of Kraft.

Cadbury expects organic growth of 5 to 7% per year instead of 4 to 6%. The profit margin would rise between 16 and 18% by 2013 instead of a margin of about 15% in 2011. He waits finally growth of dividend per share "double digit" from 2010. All of which explains why Cadbury's assets are worth more than 10 billion pounds (about 11 billion euros) proposed by Kraft Foods.

"Kraft Cadbury tries to buy at a discount, to provide some growth in its business model attractive to non-conglomerate low growth, irritated Roger Carr, the chairman of candy in the document.

Hershey, Nestle and Ferrero instantly

The rejection of the offer Kfrat opens an avenue to other agri-food specialists. According to CEO Todd Stitzer British group, "third parties" have actually indicated their interest but he refuses to name them yet.

The U.S. chocolate maker Hershey is in a strong position. Last month, Todd Stitzer had clearly said he would prefer a merger with the latter rather than Kraft because Hershey is already a partner of Cadbury in the United States. The Italian group Ferrero and Swiss giant Nestle are also in the race.

Around 12:15, the CAC 40 gained 0.05% to 3816.48 points. Operators are focused on companies that have released their quarterly results, like EDF, GDF, Rexel or Euro Disney.

On the macroeconomic front, the United States publish entries to unemployment benefits weekly at 14.30 and oil stocks weekly 17 hours.

The current account deficit narrowed in September to -3.7 billion euro in France, thanks to an improvement in the situation of trade in goods, says the Bank of France.

Within the Cac 40, the car jumped and financials slip

PSA Peugeot Citroen (5.34%) recorded the largest increase in the Cac 40. The automaker revised "markedly higher" earnings guidance for 2009.It now expects operating profit to breakeven in the second half and free cash flow positive for the year.

Rival Renault take this advertisement and allows itself 3.43%.

However, financials are misguided. The insurer Axa yields 1.49%. Topping the list of the most marked declines in the Cac 40, the title insurer is followed by banking stocks Credit Agricole (-0.98%) and BNP Paribas (-0.76%). Societe Generale fell by 0.69%. Out Cac 40, Natixis escaped this trend and advance of 2.06%.

EDF (-0.47%) achieved a turnover up 2.9% to 13.4 billion euros in Q3. The group said its production of electricity would be set back significantly over the year.

GDF Suez (-0.07%) post an operating profit down 2.7% to 10.1 billion euros in Q3.

Vietnam Airlines and EADS (+4.02%) signed an agreement in principle for the delivery of 4 Airbus A380, said Marwan Lahoud, vice president of European Aeronautic.

Eurofins Scientific achieves the highest increase in the DTH

Eurofins Scientific jumped to 11.96%, and grants itself as the largest increase in the SRD. The net group result increased by 31% to 5.9 million over the 3rd quarter, against 4.5 million euros in the third quarter of 2008.

Air France gained 2.23% after submitting the tender medium-mail that it will implement in April 2010 in order to meet the low costs airlines.

Atari (-10.16%) was sanctioned after lowering its profit target for the second half, to become an operating profit "to balance or slightly negative."The former Infogrames presented for the first half revenues up 25.7% to 68.5 million euros and a net loss of 23.2 million Euros.

The turnover of Rexel (0.95%) decrease of 19.4% on a comparable basis to 2.793 billion euros in Q3.

The net loss after minority interests of Euro Disney (-12.2%) for 2008-2009 increased to 55.5 million euros against a loss of 2.8 million in 2007-2008. Turnover 2008-2009 spring to 1.23 billion euros, against 1.32 billion in 2007-2008.

According to the Echos, the bidders for the transmission and distribution subsidiary of Areva (0.79%) each offer about 4 billion euros. Toshiba has offered 4.2 billion euros, General Electric and Alstom tandem-Schneider Electric, 4 billion.

In the third quarter, Pharmagest Inter @ ctive (+8.28%) achieved a turnover of 18.88 million euros, an increase of 12.7% over the same period last year.

Danger on the accounts of the Association for the management of the guarantee scheme of employee claims, AGS. This organization employer advance loans to businesses, where backup, reorganization or liquidation, are no longer enough cash to pay the salaries of their employees, their benefits or even dismissal. In twelve months from October 2008 to end September 2009, the advances made by the AGS soared 47.9% to just under 2 billion euros. The number of beneficiaries has increased from 42.5% to just under 300 000 people.

"The strong growth of our business stems completely from the crisis justifies Météyé Thierry, the director of the delegation Unedic-AGS.We had to manage since the beginning of large media files such as the Camif. The caseload of over 100 employees and is also up sharply: 175 between the early and end of October, against 140 for all 2008 and 120 in 2007. Conversely, the amount of debts recovered caps (when business conditions recovered or recovering the amounts advanced on assets sold in liquidation). In one year, they have barely exceeded 600 million, a decrease of 3.7%. "The recoveries are increasingly difficult to operate," notes Thierry Météyé.

Given the imbalance, the SFA has decided to increase again by 0.1 point premium rate business in early October, to move it to 0.4% of payroll.This would double the rate in six months, exceeding the 700 million currently collected! "This represents a significant increase for businesses, recognizes Thierry Météyé. But it was necessary to meet rising demands in advance. "

Deficit of 215 million

Result, the AGS has a deficit of around 215 million euros. The agency hopes to fill with increasing revenue contribution in early 2010, with an increase in rates and stabilization of recovery levels.

Another note of hope: the decline of almost 40% in the third quarter of 2009 the number of collective proceedings opened. "The trend is particularly pronounced in September," said the SFA. Ditto on the number of backup procedures requiring the intervention of the SFA. In one quarter, they fell almost 20%."We're in a phase of stability," said Thierry Météyé.

"To wage increases in 2010

"Half of the executives were increased in 2008