New trial for Yahoo!. The U.S. internet group announced Sunday it had appointed a new temporary chief executive, Ross Levinsohn, replacing Scott Thompson less than five months after the arrival thereof at the head of the company. "Scott Thompson left the company" Yahoo! justifies no further details. The group further states that Fred Amoroso has been named president of the board to replace Roy Bostock.

This change in the leadership of a pioneering Internet companies, now embattled, was announced a few hours after the release of information on the site dedicated to news reports All Things Digital. The article reported an imminent departure of former CEO in the wake of a controversy provoked by the discovery of falsification of his CV. A few days earlier, Patti Hart, director of the group, had also been forced to leave the band for the same reasons: she had embellished his CV.

According to All Things Digital, the reason for the "abrupt departure" is only due to the activism of hedge fund Third Point, a leading shareholder of Yahoo! with 5.8% stake. A shareholder who has been trying for several years to gain seats and influence within the board had asked the head of Scott Thompson on line pay day loans. And the fund has been successful. In fact, Yahoo! has agreed that the boss of Third Point, Daniel Loeb, and two persons selected by him, Harry Wilson and Michael Wolf, are seated on the board from Wednesday. The Board is pleased to announce these changes and this agreement with Third Point, and is confident they will be in the best interests of our shareholders, "we read in Yahoo! News.

The group did not, however, extends the strategy it intends to follow in the future, simply stating that "in as interim CEO, Ross Levinsohn will direct the day to day running of the company, helped by the existing team of executives from Yahoo! ". This last Sunday was up global director of the media branch of Yahoo! It is the fifth CEO to take the reins of the group in five years. The question is whether Yahoo! will manage to raise the head above water.

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From Sunday morning, Japan will be left without nuclear energy. The shutdown of the country's last active reactor actually began on Saturday, shattering the share of nuclear energy in electricity Japanese a little over a year after the disaster of Fukushima. A provisional release in principle. The last operating reactor, Tomari 1, on Hokkaido Island (north), farm inspection. The 54 reactors of the Archipelago, which provided nearly 30% of electricity needs of the country until March 11, 2011, thus find themselves at a standstill. The four reactors in Fukushima are destroyed, them finalized.

The Government intended to review its engines one by one and reboot – he wants – is a politically sensitive issue. This nuclear phase, anticipated for months, has enormous economic consequences not only for Japan but for the rest of the world.

In 2011, the trade balance of the third world economy went into the red for the first time in thirty-one years. Half of the degradation observed between 2010 and 2011 due to higher energy bills. Until January, Japan wiped especially the soaring price of oil and natural gas. But since the volume of gas imports are growing exponentially. For more than oil (which imports fell last year), more than coal is liquefied natural gas (which Japan is already the largest importer) which replaces the uranium to run power plants. For the ten power companies already tight financial situation, which share the country, this is a massive overhead. They are already preparing their users to jump to the invoice.

Concerns in Korea and Taiwan

The first of them, Tokyo Electric (Tepco, the operator of Fukushima), announced a 17% increase in tariffs for the industry and has requested another 10% for households. TEPCO had to accept its takeover by the state last week to survive. The operator of Kansai (western Japan), the second lung of industrial countries after the Tokyo area, he believes his side will not spend the summer with reactor shutdown cheapest personal loan rates. "Kansai Electric announced a cost of generation of 6 yen per kilowatt hour from nuclear. With natural gas, the cost increases to 9 yen. It is the user who will pay "this leap of 50%, warns Paul J. Scalise, specialist electricity sector in Japan.

The archipelago is so important a part of the world economic stage that their choices weigh on all. "The new gas demand in Japan has caused concern in Taiwan and South Korea in April 2011," says one foreign player in the gas market in Tokyo. Ever on the global gas market the differences were so great between Asian prices and U.S. prices, driven down by the boom in shale gas.

The ANA, which has joined the burgeoning renewable energy industry, believe that the release of their country's nuclear factodu is proof he can do without. The cost of the energy bill can not match that of the Fukushima disaster, priceless, they argue among their arguments. "False, says a nuclear framework: simulations of the costs of insurance against such a disaster Fukushima show that nuclear power is still profitable even in this case."

Before the disaster, Japan planned to increase the nuclear share to over 50% of electricity production in 2030. The government is preparing in principle for the summer, its new energy strategy for the long term. It should instead provide a reduction instead of the atom. In the immediate future, without it will prove costly for the Archipelago.

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Roman Lucazeau, Chargé de Mission in the Business Institute, details the mechanisms at work in the test programs.

THE FIGARO.FR. – Why submit programs of candidates for this test?

Roman Lucazeau. – Although, compared to the 2007 presidential campaign, the programs of the two main candidates are more accurate, they still gray areas and are based on slightly different economic scenarios. This makes comparison difficult. So we tried to apply the same economic variables: growth rate, inflation, unemployment rate, by 2017. We also wanted to discover what happened to the public finances if the programs were implemented with, notably, lower growth than that provided by the candidates, for example, that France has known, on average, over the past decade.  

Originally, this type of exercise is applied by the financial authorities to banks. These are subject to economic scenarios degraded to assess their strength in case of economic crisis. We use a similar method to test the ability of candidates to achieve their stated goal (zero deficit in 2016 for Nicolas Sarkozy in 2017 for Francis Holland).

But in a crisis, a candidate can always abandon its initial program

.

Absolutely. We test the strength of their roadmap, as defined during the election campaign, in a worse position than they anticipate cheap business cards. We evaluate today's promises and do not prejudge the future president of the reactions in case of contingencies.  

How does this model?

We leave the bases nominee programs (eg growth rate, the level of taxes and public spending …) and against which they built their proposals. These assumptions are public and have been developed by their campaign teams. We determine how the deficit and debt change if we change some parameters on the basis of data and public reporting, the INSEE, the Court of Auditors and of Bercy. The details of our methodology is available on our website.

How do you ensure objectivity of your approach?

We submitted the candidates' platforms to the same constraints: same inflation, even growth, even drift government spending or health insurance, etc.. The differences between results are explained by the differences between the programs themselves. Debt strategy of the two candidates based on both on growth, tax increases and budget savings. But Nicolas Sarkozy and Francois Hollande do not intend to use these levers to the same extent. Their programs do not react the same way a change of parameters.

A rating agency on three, Standard & Poor's, has already withdrawn its prestigious AAA to France. One of his rival, Moody's, could soon follow, warned the Socialist candidate for president Francois Hollande. In the days following the presidential election.

Moody's placed under the supervision of the French debt rating earlier this year, he said in an interview with Journal du Dimanche. It "will make a decision on May 12, he argued. It will not be a consequence of the May 6 vote of the French. I warn, already, for our fellow citizens that there is no confusion (…) For now, I ask in any case to be assessed by the French and not by markets. "

How the candidate can know the date on which the decision will fall on Moody's France? Rating agencies maintain absolute secrecy about the content of their deliberations and their timing, until the publication of their decision. To predict the date of May 12, the candidate is based on the deadline set by the agency between his warning to the country concerned and the actual announcement. Moody's placed its ratings on negative watch on Feb. 14. It must give its verdict, probably too negative for the French-AAA before May 15  

Francois Hollande tried to clear the ground, should he be elected, and while his main opponent, Nicolas Sarkozy, waved the threat of an attack against France markets where Socialist victory no fax payday loan. Today, has defended the PS candidate, turbulence affecting Spain and Italy but not France. "It is particularly irresponsible for the incumbent to use the threat of speculative movements to persuade voters to abandon the alternation," he pleaded.

The first week of the next president, whoever he is, ahead eventful. First Moody's should actually decide before May 15 the fate of AAA it has issued so far in France. Then the Commission will publish its opinion on the stability program of France. This document, sent to Brussels last week, details how the government intends to restore the balance of public finances by 2016. Problem: it takes into account neither the promises of the outgoing president, nor those of his socialist opponent.

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As of Wednesday, the tourists interested in tours visiting the Louvre will be surprised to see Nintendo equip a DS3. The largest museum in the world decided to replace its old audio guides by video game in relief. Good news for visitors, they will be leased 5 euros, against 6 for an audioguide. In addition to the traditional explanations cassettes, game consoles allow three-dimensional views of some exhibits, like the Winged Victory. A way to contemplate angles unreleased until now. Initially, the Louvre has commissioned 3DS and 1500 should have 5000 consoles eventually. Connected, consoles can be geolocated. We did lose more in the maze of the Louvre, while 70% of visitors come for the first time!

The comments are available in seven languages ​​and include 700 works low interest rate personal loans. Several trips are also avail-able. Agnes Alfandari, head of multimedia at the Louvre, has highlighted the ease of use consoles, equipped with touch screens. An explanation becomes a breeze. The museum should also be able to more easily perform upgrades explanations and evolve. Thus, pathways for people with disabilities should be developed.

This is not the first time the museum opens in new technologies. The Louvre, as the Quai Branly Museum, has its application on the iPhone. Some 200 works are presented. A way for museums to increase their attractiveness to a young audience while increasing their revenue streams.

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Public hospitals are not so bad, that is the situation of their banks might damage. That, in broad strokes, the picture painted in its annual rating … by Dexia Credit Local, former first sector bank being dismantled.

The deficit in French hospitals reached 220 million euros in 2010. That sounds a lot but the amount represents only 0.3% of their budgets. Excluding appendices generally accounts surplus – long stay, retirement homes, nursing schools, real estate … – care, "heart-to" hospitals, loses 470 million (0.8% of budget). A stable amount of improvement after two years. 2011 should be in the same waters: a somewhat wider scope, including both private non-profit institutions, the government announced an initial estimate of 504 million deficit, against 508 million in 2010.

These figures make it unlikely that the return to balance this year, wanted by Nicolas Sarkozy. However, they reflect "the efforts by hospitals to control their staff costs," says Claire Bouinot, Dexia Credit Local. Because their revenues have increased by only 2% in 2010, the lowest increase for over ten years. Moreover, 300 hospitals "only" are in deficit (-600 million euros), others are in balance or in surplus (380 million).

The year 2010 also marks a break: after a decade of growth, investment by hospitals fell almost 5%, to $ 6.5 billion. They are expected to decline again in 2011 and slightly more strongly in 2012 payday loan. The 2007 Hospital Plan which, in "looping" financial arrangements with state subsidies, led to the partial solution to the obsolescence of French institutions, has expired. It "does not appear in the same volumes relayed by the Hospital Plan 2012", Claire Bouinot analysis.

But above all, co-financing of investments by banks, which was almost closed eyes until 2008, has become extremely difficult. Not that the banks fear increased risk: 24.1 billion, the debt reached "6.2 years of cash flow, a normal level," says Andrew Baker, director of studies of Dexia Credit Local.

But Dexia, precisely, which gave almost half of the loans to hospitals, this activity has slowed since 2008 and early 2012 has completely frozen, waiting to know his fate. And "among our competitors in the public sector, foreign banks have disappeared, savings bank, Credit Mutuel, Crédit Agricole and Societe Generale reduce the wing," says Andre Boulanger. Standards requiring them to strengthen their balance sheets and low earnings generated by public clients explain this decline.

Nothing serious immediate for most hospitals, which merely postpone investments. But much more worrying a small minority of them, including fifty hospitals "in a particularly difficult situation, where the operation consumes cash instead of generating," pointed to by Claire Bouinot.

]]> http://naturalandbest.com/hospitals-drop-their-investment/feed/ 0 http://naturalandbest.com/jerome-chartier-details-the-five-year-spending/ http://naturalandbest.com/jerome-chartier-details-the-five-year-spending/#comments Mon, 19 Mar 2012 07:00:28 +0000 admin http://naturalandbest.com/jerome-chartier-details-the-five-year-spending/  

Jerome Chartier is UMP, a member of the Finance Committee.

LE FIGARO. – You've looked at the cost of the quinquennium. What is your assessment of this work?

Jerome Chartier. – We have a collective duty: a constant reminder that the expenses that shall be implemented after the presidential election will still have a fiscal impact after fifty years. Nicolas Sarkozy has not inherited a country virgin 30 years of debt! For example, we still have not finished paying the bill for 150,000 additional officers hired by Francois Mitterrand in 1981 and will continue to assume in the budget settlement of their pension for many years yet. A majority of the degradation of our deficit since 2007 is related to the consequences of decisions taken ten years or thirty years ago, and nobody can deny. Today, when Francois Hollande speaks to hire 60,000 more teachers, it is not an expense for five years only, to 2.5 billion euros as encrypted in its assessment. They would be hired for forty-two years, and it will then pay for their retirement. It is actually 120 billion euros of financial liabilities would weigh substantially on warrants after 2017. That's what a discourse of truth budget. And the deafening silence of Francois Hollande on this reality weighs heavily in his campaign.

Ultimately, what is the cost of this five year period?

In a book dependent, two journalists were obviously looking for a slogan, a five-year 500 billion-and then tried to justify it. This method of working alone demonstrates the total lack of seriousness with which we entered this debate. This hoax has fizzled. The Court of Auditors, in particular, has brought back to reality, which recalls that sum more than half (52%) of the current deficit is a direct legacy of past decisions. She also said that the crisis explains almost 40% of our deficit, to the extent that it has reduced our revenues sharply by almost 50 billion euros in 2009. It has spawned at the same time, like all European countries, the exceptional increase our spending in 2009 and 2010 from 46 billion to protect the French and preserve their jobs guaranteed approval cash loans.

The government's choice to do so would contribute 10% to deterioration

.

The reality is that ever a term of five years had produced so few new unfunded expenses. The economist Henry Sterdyniak, department director at the OFCE, says the same thing. A study just published it is very clear in late 2006 to late 2012, the French public debt would increase by 620 billion euros. It breaks up this way: 275 billion from interest payments, 310 billion from the economic crisis, including 30 billion stimulus policies implemented in 2009-2010, and 60 billion of tax reduction policies some of which are directly related to the crisis. He adds, and it is rare to be said, that the restrictive policies of public spending (fewer officials, non-revaluation of wages, rigorous management of social benefits …) allowed the other hand save 55 billion euros. Conclusion-and it's not me saying it-the responsibility of head of state and government in creating the deficit is greatly reduced at best to 35 billion euros. For the record, it was exactly the estimated cost of the program of the candidate in 2007! And no one can suspect of belonging to Henry Sterdyniak the campaign team of Nicolas Sarkozy.

How do you respond to those who tell you that it is 35 billion too?

35 billion that is exactly the amount of large loan, which finances the structure of French growth in the future, and promises of jobs that go with. Rarely has a presidential term has been provided the opportunity to invest in the future: higher education, research, attractiveness for industrial relocation with the removal of business tax, pension reform … Many of the decisions taken were not included in the 2007 program and the direct result of the crisis. The French now believe that they are healthy decisions for the future of France.

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A month after the controversy created by the opening of its giant plant in Tangiers, and while made in France remains a central issue in the election campaign, stoutly defends his Renault acceleration in the low-cost. Cultivating paradox, the group believes that its low-cost models to help protect jobs in the Hexagon. And even if the MPV Lodgy Dacia, built on the site of Morocco, is proposed for Wednesday from 9900 euros, more than twice unless the Renault Scenic assembled at Douai, in the North.

On a European market down, "there is considerable logic to make the models where we can make them competitive," said Carlos Tavares, the deputy CEO of Renault. "While our competitors are forced, in a desperate step, practice excessive discounts, may destroy value, we invented a way to make money more effectively," he says. The low-cost range "the most profitable business" liberates margins well above 6%.

a French champion of global size

With these profits, which are "reinvested", "Renault is protected, we avoid tough decisions, our competitors are forced to take. This helps prevent people make social plans, "says Renault boss operational, which notes that" those who claim to have higher production in France more important than ours, are also those in losses. " More generally, "France would gain by having a world champion-size automobile. When the company expands overseas, it's good for the group in France, "said Carlos Tavares.

Renault has made last year 23% of its vehicles in France (against 44% for PSA). In the long term, its production declined sharply in the Hexagon: 445,000 cars and 201,000 commercial vehicles in 2011, against 1.1 million cars and 227,000 commercial in 2004.

The Lion, the automotive division was not profitable last year (- 0.2% operating margin, against 0.8% for Renault), will remove 6,000 positions this year in Europe, including 3,500 in-house .

Handicap image

The diamond company, which devotes 40% of its investments in France, it now locates priority models with high added value: commercial vehicles, electric cars and high end. The next high-end cars, planned from 2014, however, must win while French "has a disability image" in the face of German manufacturers, recognizes Carlos Tavares. For the hour, equivalent models, the Renault cars are bought "on average 10% cheaper" than those of the Volkswagen brand.

On the electric as the band Zoe will launch its fall, the boss does not hide his disappointment at the slowness of government. "The charging infrastructure are late. France has a huge opportunity to play, we have everything it takes to become a world leader in power. I am a little concerned that we can possibly pass up this opportunity, "he says.

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In the sports world, too, women were honored today. Gathered in Barcelona for the Global Sports Forum around a round table on women and sport, many iconic figures in women's sport (Conchita Martinez, Natalia Via Dufresne, Maria Vasco …) are back on the steps, the determinants and difficulties in their careers.

Difficulties that often go for female athletes on the side of the portfolio. As in a traditional business, where wage differences between men and women reach 20% in favor of men, women athletes are often less rewarded for equal performance. Less publicized, women's sports breaststroke often much less money than her male counterpart. For example, the Blue French football earn on average between 1500 and 2000 euros per month, against 42,000 euros for a player in Ligue 1, which thus is not necessarily at the international level. Therefore, the ability of an athlete to match the income of her male counterparts to take over its ability to sell its image among brands, to improve athletic performance.

Brands begin gently female sponsorship

However, "few sponsors invest in women" analysis Yannick Puaux, founder manager of Hamaé Council payday advance. "Their resources are not sufficient to consider it not to work after their sporting career. In the end, nothing very different to male / female ratio in ordinary society where, to access the same professional status, at the same level of professional remuneration or benefit from the same quarry, we must do more than men. "

As for event organizers, attitudes are changing, however slowly. In recent years, the tournament at Roland Garros and Wimbledon distribute the same earnings for men and women, or about 1.2 million euros for the tournament winners of the Porte d'Auteuil, and those in the capital in London. Faced with these ad hoc efforts, inequality remains a persistent problem that continues once hung up the cleats. "The conversion of women is also more difficult, says Yannick Puaux. They must keep a job more often in parallel and be concerned for their retirement earlier. "

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