Aug 19 2014

The New York Times knock out the economic policy of the Eurozone

Tag: events, finance, news, publications, resourcesadmin @ 6:40 pm

 

"Stubbornness European leader", "against-productive decisions", "change of essential attitude of Germany" and other language elements: the editors of the New York Times1 have Sunday delivered a stinging attack on the economic policies of the Eurozone. At the center of criticism of American daily: Germany, which, as first power on the continent, would be the source of almost all the bad decisions taken at European level. Growth

is not waiting for you: zero France2, it was down 0.2% in Germany3 and Italy4. "No one should be surprised that the economy of the Eurozone still walking backwards" according to the New York Times, which points to the stubbornness of European leaders to continue their policies so that "they are exactly the wrong treatment. " This "abuse" referred to the editorialists of the New York newspaper is austerity, "the insistence of the European Union, led by Germany, to push governments to reduce their deficits by cutting spending and raising taxes has hindered the recovery. " The European Central Bank (ECB) is not spared, "the ECB has been too slow and not enough willingness to lower interest rates and to redeem the obligations of States, so that these two measures are effective" cash advances pay day loan. Result of this series of bad choices, according to the New York newspaper: in addition to sluggish growth, deflation threatens Europe5 and industrial production continues to fall. The newspaper

advocates radical change of attitude

And the New York Times to offer solutions to boost growth Eurozone6. "Big changes are needed. Like other central banks around the world have done, the ECB should buy bonds of states and other loans, to lower interest rates and encourage banks to lend more to businesses and individuals "analyzes the daily, explaining that the risk that such a policy causes runaway inflation are close to zero.

In addition to these new shares in the BCE7, the New York Times advocates a different tax policy. The simultaneous requests of the EU (worn again by Germany8, the daily) to lower deficits and rising labor flexibility are against-productive and unrealistic in times of mass unemployment.

Finally, the newspaper "advises" on European leaders to take advantage of low borrowing rates currently to revive the economy of the area. But if these measures succeed, the New York Times calls for a radical change of attitude of the European authorities in general and Germany in particular.


Aug 18 2014

A whiskey to 23,400 euros stolen in broad daylight

Tag: events, people, publications, top news, traveladmin @ 12:36 am

 Installed

behind a locked glass case, the bottle shop Julhès shone in the tenth arrondissement of Paris for about a year. On July 30, the Balvenie 50, whisky1 rare, disappeared from his shelf, stolen by an individual. "A professional," according to Nicolas Julhès, co-founder of the grocery Julhès. By mid-afternoon, the man enters the store, look, pretended to be interested in the dozen bottles surrounding the precious behind the window. Suddenly, in 10 seconds, he pick the lock, took the Balvenie 50 and hides in an extremely clever then goes away. Acquired

last year for 23,400 euros -Investment result for the family business carried by the two brothers Julhès- the bottle was ironically the # 13 88 Balvenie 50 specimens scattered around the world. This valuable vintage comes from the work of David Stewart, Grand Master of Scotch whiskey. "We wanted her to stay a while for the prestige of the store, we had already rejected two bids," says Nicolas Julhès. "On this kind of bottle, the store would not have made big financial gain, he added, it mainly allows us to expand the influence of the store."

"The mobilization of collectors, enthusiasts, brief community whiskey worldwide hit us"

Nicolas Juhlès , co-founder of the grocery Julhès

The acquisition of this bottle had already talked about. No one expected her to land in this small shop in Paris. This type of luxurious and rare elixir is associated with the image of palaces 2or every sip of alcohol costs 600 euros, rather than a showcase of the Faubourg Saint-Denis fast payday loan no faxing. Yet the family épicerie3 possessed indeed, and "everyone knew she was home."  

Theft and burglary in the world of wine and spirits are numerous, and almost surprising. The forger of Burgundy ruled week.4 this is the perfect embodiment. But the flight of Balvenie 50 conducted in daylight seems a sacrilege. If its period of maturation in oak sherry -50 years-partly explains its enormous value, especially what it is that makes it unique and important to the lovers of whiskey. David Stewart made sure this was the moment she entered the distillery, he took care of him and waited year after year that whiskey takes age, as reported by Nicolas Julhès. Only 50 years later, last year, the famous cellar master has decided to distribute the precious liquid in 88 vials. "It's rarity makes it a valuable object we are here in a logic of luxe5, collectors' illuminates Nicolas Julhès. The value of the bottle could rise to 30,000 euros he said.

Unfortunately for the thief – or if we rely on suspicions Julhès, Sponsor – this bottle is impossible to spare. She's too recognizable by his No. 13, the "cursed whiskey" as it is now called. His story quickly made the rounds of the world community of connoisseurs and enthusiasts amber brew. Many have to have sent messages of support to the grocery store Julhès and have passed new around them. Maybe she will reappear …


Aug 06 2014

Sanctions against Russia block 50,000 Russians abroad

Tag: Uncategorized, opinions, publications, top news, traveladmin @ 1:40 am

 Rater avion1

its back can ruin the late vacances2. Especially if the tour operator has not paid the bill. In total, 50,000 Russes3 saw their darkened room. Labirint is the fifth Russian opérateur4 turn to go bankrupt in three weeks! Yesterday, 27,000 Russian tourists found themselves without a return ticket, stuck on the benches of foreign airports. 40 flights were put in place to allow the return of travelers, thus reducing their number to 12 000 at the end of the day, told AFP the spokesman Rostourism, Russian Union of Tourism Industry Irina Tyurina .

This applies not only to travelers on departure. The tour operator Labirint ceased operations since last Saturday, and thus stopped paying foreign hotels5. Thousands of tourists have been evicted from their rooms, resulting in several fights with hoteliers. Including Turkey6, where every year nearly 3.5 million Russians traveling to Istanbul to watch the Blue Mosque and the chimneys of Cappadocia, precise 7Irina Tyurina.

Ukrainian crisis weighs on bookings

"All these agencies Travel8 operate on the model of the pyramid. They sell tickets and then they say, oh, sorry, we do not have enough customers, "said Russian Prime Minister Dmitry Medvedev9 during a speech. In other words, the tour sold stays abroad without being sure that they can be profitable. Thus, without a minimum number of travelers, companies were taking the risk of selling trips loss and eventually go bankrupt.

But the context does not encourage the Russians to leave. "The political and economic situation has had a negative impact on the number of bookings and the decline in the value of the ruble has degraded the purchasing power of Russians," says Labirint tour operator. In fact, the Ukrainian crisis and Western sanctions weigh heavily on the Russian economy. European measures block access financial markets to Russian companies, which plays on their incomes and those of households. Western sanctions also have an impact on the rouble10, which declined 11% from its peak value in September 2013, degrading the purchasing power of Russians. Not to mention the travel restrictions imposed by its nationals Moscou11 occupants of strategic positions in the administration.  

"We fear that this is only the beginning of a domino effect," said the spokeswoman antenna radio Echo of Moscow Federal Tourism Agency Russia12 Irina Shchegolkova. The number of Russian tourists traveling abroad has dropped by 30-50% compared to last year. An event that could weigh heavily on the world tourism. The last year 40 million Russians traveled beyond their borders. They are even among the biggest spenders with 32 billion euros in 2012

.


Jul 31 2014

Bundesbank calls for a 3% increase in German wages

Tag: economic, life, news, publications, technologyadmin @ 2:04 am

 

From our correspondent in Berlin,

Wages may increase Germany.1. It is the recommendation of the head of the Bundesbank, Jens Weidmann. In an interview with Frankfurter Allgemeine Zeitung published 2 Wednesday, he suggests a 3% increase in wages, not for the sake of social redistribution, but by simple economic fact. "The labor market in Germany is in a better position there a few years ago," says the representative of the monetary and fiscal orthodoxy. "In a number of sectors and regions, we are almost at full employment and the needs of labor is increasing. It is in the nature of things, and this is to be welcomed, as real wages rose more strongly than when the German economy was in a worse situation ".  

The level of 3% increase is not set at random: it comes to adding a level of CPI inflation 2% and increased productivity by 1%. At each branch to negotiate based on its characteristics, he also added. "We do not immisçons us in wage negotiations," warns Jens Weidmann.

While Germany has introduced a minimum wage and a generalized growth of 1.9% is expected this year, the head of the However Bundesbank would contain wage demands. "Wage agreements that go well beyond an increase indexed to productivity would hurt growth and employment in Germany and would be a disservice to the euro area," he says. Having advocated the serious economic or austerity in Europe, Germany set a bad example.

German unions have already announced that they would negotiate wages to rise. In public services, this is an increase of 3.5% which is required for example. The IG Metall has in turn already obtained an increase of 2.3% on 1 July for employees Metallurgy and 1.7% in May 2015, 4%. Employers

worries about his side effects of these increases on the competitiveness of the German economy. The minimum wage, which has just been voted cause loss of jobs, do we also accused or price increases. Hairdressers, for example, have already revised their prices to rise.

Seen the rest of Europe, the increase in purchasing power and consumption in Germany is good news. France.3 put on this particular recovery in its main economic partner to improve the economic situation of its businesses. Prime Minister Manuel Valls 4devrait address the issue Thursday with Vice Chancellor and Economy Minister, Sigmar Gabriel, he receives Matignon. The head of government also intends to plead the cause of France to Germany for more flexibility and flexibility in reducing the French deficit.


Jul 28 2014

McDonald's France should achieve the best year in its history

Tag: economics, events, publications, resources, specialadmin @ 8:04 am

 The French subsidiary

always the model student at McDonalds. If the global results of the fast food giant in the first half, published last week, disappointed, France stands out for its sustained growth. Despite the crisis and the purchasing power at half-restaurant sales company-owned and franchise of the Hexagon rose 4.8% since January. "We should manage to maintain this growth rate in the second half," said Jean-Pierre Petit, CEO of McDonald's1 France, with sales under the brand reached € 4.46 billion in 2013 ……

… "A portion of the sales growth comes from change in scope related to the opening of new restaurants (40 to 50 per year, Ed), another our effectiveness in the development of network performance, explains Jean-Pierre Petit, which celebrates its tenth anniversary next January at his post. France is the second subsidiary behind the U.S. in terms of profitability, and 2014 will be our best year in absolute terms. "

In a market where the crisis continues, King hamburger experienced a steady growth in business for several years. France, land of gastronomy, where he established in 1979, has become a very profitable market for the group. "McDonald's has succeeded in the synthesis of DNA and its American culture through the French lines, recipes, restaurant facilities and services tailored to the needs of the French," says Jean-Pierre Petit, citing jumble the use of Charolais meat, cheese AOC and its range of snacks and salads. The burger

come to the table chefs

"We have been able to evolve and innovate constantly, as the last example, the integration of new technologies in our restaurants and we were able to take into account the concerns of the French company in terms of quality, traceability and food safety, "develops the CEO Low fee payday loans. McDonald

France is a creative company that provides jobs "second chance" to young people without diplomas. The group, which employs 72,000 people in France, established 9000 net permanent positions between 2012 and 2014. It plans to create as many over the period 2015-2017.

According to its CEO, the development potential of the fast-food chain remains very important in France. If McDonald holds between 78% and 80% of the hamburger market, far ahead Quick2, KFC3 and KING4 Burger, who made his return to France a few months ago, and 63% on the fast food, its share falls 12.5% ​​on the commercial foodservice, which includes the restoration table. The latter market is stagnating for years. Meal a week is taken out of the house in France against one in three UK and two in the United States.

To gain market share, the company put on "a wide range and affordable prices for répondreà all market segments," and his heart business, the hamburger. The multiplication of an offer hamburgers in traditional restaurants and chefs table is welcomed by McDonalds. "It's very good. This gives acclaim to a quality product and natural. Multiplying the competition can widen the market, "says Jean-Pierre Petit.


Jul 20 2014

Holiday workbooks are converted to digital

Tag: money, people, publications, special, worldadmin @ 12:16 am

 Réviser1

and have fun during the summer seems possible with applications2 notebooks holiday. A solution that always attracted more parents to judge by the number of downloads for some estimated up to 2 million. The advantage? The Child3 becomes autonomous. Parents not just see a tab where they can check the average and the development of the child. "It is even a tool with which we can share good times with family," says Jérôme Serre, of EduPad leader, creative startup of iTooch Papers vacances4 application. A

"more exciting" tool

The application iTooch Cahiers holiday

A fun and interactive side that goes up to develop a scenario: "The game Video5 side of an application is much more challenging than a traditional notebook," confirms Bruno Le Guern, founder of the Application Class Pass. For his first day on Class Pass, the child begins his adventure on a boat. The objective is to reach a deserted island after spending the first session of questions and consulted pages progress. In all, nearly 10 hours of adventure and quizzes. The desire to unlock points or stars is then stronger than scratching on paper. But no

either side "time" panic, the child will not become addicted because the majority of applications shall adjust work sessions from 5 minutes one hour. "The vacances6 are primarily made to rest, a holiday notebook should not become a constraint," insists Caroline Maitrot, Nomad Education. Applications

prices remain below the paper book that ranges from 3 to 15 euros. For Notebook iTooch holiday application it takes more than 3 euros, and more than 4 euros for Passport and iCahiers holiday Nomad Education. Question reliability, the opinions of parents iTunes7 are divided: some are considered too short by users as Passport Hachette8 Education, lack of pedagogy Learning with Waki, etc.

. Application "complement" paper notebook

One reason not to throw paper notebook! "The application must be considered as a supplement, especially in the context of écriture9" says Caroline Maitrot. But Isabelle Racoffier National President of AGEEM (General Association of Teachers Schools and Kindergarten classes public), the smaller éducation10 mostly through elements of everyday life: "On vacation, I would invite families make sandcastles, explore a museum or zoo. They provide opportunities to review the concepts of math, science, etc.. " Draw, play and visit are all activities that, regardless of age, to enrich and grow.

Photo Credits: Pass Class


Jul 18 2014

Global markets affected by the crash in Ukraine

Tag: events, features, money, online, publicationsadmin @ 2:44 am

The crash of an airliner in malaisien1 Ukraine2, which could have been shot, shook the western markets and fall titles airlines Exchange Thursday as investors feared the impact of the disaster on the economy mondiale.A Wall Street3 where indices nosedived after the announcement of the crash, the Dow Jones4 abandoned around 18:00 GMT 0.42%, 0.81% and the Nasdaq5 the broader S & P 500 0.60%. European shares have also been hit hard by these uncertainties and ended sharply lower: the Paris market ended down 1.21%, in Frankfurt, the DAX index fell 1.07% and the Stock Exchange London dropped 0.68%. Asian stock markets were still closed at the time.The foreign exchange market remained relatively stable in the evolving euro6 dollar7 1.3523 after falling to 1.3517 at 2:55 p.m. GMT dollar, a new low in a month, 1.3524 against dollar on Wednesday to 9:00 p.m. GMT.L ' euro evolves its lowest against the Japanese yen, a value considered as "safe haven" by traders from février.Du side pétrole8, New York crude (WTI) for August delivery climbed almost $ 2 and Brent the North Sea to London has appreciated by 0.73% to 107.91 dollars.L ounce of OR9 has appreciated and ended at $ 1,302.50 at auction evening in London, against 1,301 dollars Wednesday . U.S. bond market, where operators take refuge in times of uncertainty left his side sharply higher. The yield on 10-year Treasury fell to 2.467% against 2.538% Wednesday, and the 30-year to 3.287% against 3.348% veille.Signe the nervousness in the market, the VIX index, called "index fear "soared 15.45% reading at its highest levels of the dangerous semaine.Plus for markets that sanctionsLes markets have suddenly lost ground to 1530 GMT as investors have learned that a plane Line Malaysian Amsterdam left for Kuala Lumpur crashed in the Donetsk region in eastern Ukraine guaranteed cash advance. "It is frankly very bad news, rather than Western sanctions announced" Wednesday night responded Gregori Volokhine of Meeschaert Financial services. "It calls into question the safety of air routes in this region of the world and in other regions", as in the Middle East, continued Gregori Volokhine. However, "air traffic is very important for the economy." What worries the most, as portfolio manager, "is that this is not an accident but a downed aircraft is going to ask questions that had never been asked previously. Risk stray bullets "on airliners. "This is unsettling for travelers and investors," he has estimé.Secteur global air in baisseDes both sides of the Atlantic, particularly information on the aviation sector weighed American Airlines10 fell by 2.52% at $ 42.38, Delta Airlines yielded 1.95% to 37.13 dollars, United Continental 2.03% at $ 42.99. The aircraft manufacturer Boeing11 limited the damage and let go only 0.30% to 127.04 dollars.L German Lufthansa12 giant European airline, which announced after the close of trading on Thursday that decided to bypass "substantially" space Ukrainian air, closed down 2.37% to 14.61 euros on Euronext Paris Francfort.A Air France13-KLM fell by 1.45% to 8.77 euros. At the London Stock Exchange, International Consolidated Airlines Group, parent company of British Airways and Spanish carrier Iberia, fell 3.02% to 330.70 pence and easyJet 1.18% to 1,341 pence.


Jul 12 2014

Bayonne ham gets his passport to the United States

Tag: economics, news, publications, top news, traveladmin @ 3:44 pm

 

The famous Bayonne ham 1seront for sale in the United States in 2015. U.S. health authorities have given the green light to the slaughter Fipso and business Delpeyrat 2a said Bernard Dupont , president of the Interprofessional Bayonne ham. U.S.

So eat ham of Bayonne French. France submitted a Protected Geographical Indication (PGI), the product will be the same for U.S. customers. Ham will only be produced from pigs reared in the South West. For now, only started production since drying ham lasts one year.

"Becoming the Ambassador brand of French know-how"

Delpeyrat, which has obtained authorization for export to the United States

Bayonne ham, which represents 20% of the French market dried ham, and is "400 million potential consumers," says Bernard Dupont. If the impact is yet difficult to quantify, the consortium covers all distribution channels faxless payday advance. "The U.S. market represents a real opportunity. We expected there, the people are very attracted by the French gastronomy. We aim supermarkets, delicatessens, restaurants, hotels, all distributors, "he said.

With this approval, which follows that obtained for China in June dernier3, Delpeyrat wants to "become the brand ambassador for French savoir-faire" abroad. On July 23th, a delegation of foreign importers will be present during the Holidays Bayonne. And among the 9 members in North America will be well represented as two Americans and three Canadians will be included.

With the aim to reap 100 million euros in sales internationally in 2020. It is now 45 million, or 10% of total turnover Delpeyrat. Other brands, like Oteiza – producer and creator of the Basque Country – also seek to position themselves.


Jul 07 2014

"Good funds" Michel Sapin

Tag: events, money, opinions, publications, traveladmin @ 1:37 pm

 

Once again, Michel Sapin1 won the award for humor. "Our friend is finance, good finance2" Sunday launched our Minister of Finance Economic Forum Aix-en-Provence 20143, which this year had the theme "Investing invent tomorrow." Intoxicated by the brightness of Provence, our bagman asked himself the question: "Will it finance a happy, happy in the service of investment, to make people happy?" "Good finance" is one that contributes to real investments. But the needs are enormous. This is even with unemployment, the only true sequel to the global crisis of 2008-2009, as recalled Christine Lagarde4. "At the end of 2013, the GDP of the G205 was 8% lower than their underlying trend (if there was no crisis) and investment down 20% over what should be, "said the director of FMI6.

The diagnosis applies equally to private investment firms for public infrastructure projects. The World Economic Forum Davos7 has calculated that the global economy devoted to these 3700 billion a year in the 1980s. Today is just 2,700 billion, is a lack of 1,000 billion. Citing these figures, Christine Lagarde revealed that the IMF would present a study on this topic in early October on the 40 major economies.

"In the United States, the United Kingdom and Germany, budgets are now 10% lower than they should be," said said the boss of the IMF, while noting that, for France, it was not the case. The French deficit investment is doing well, in her view, on private investment. Collapse

investments

Michel Sapin, for its part ready to subscribe to this diagnosis, if not it also recognizes that danger looming on the side of local authorities. The new municipalities are now "very careful, a too cautious," said he acknowledged at his press conference. Already smarting from the collapse of the housing investment, which "cost 0.4 percentage point of GDP growth" we, according to his figures, it should not be depressed after the building now gaining public works. Featuring

himself an outstanding hearty temperament, Michel Sapin is satisfied that the conditions of the trust is there, "now that companies perceive new opportunities and the CICE arrives in their accounts. " As for the discontent of social partners, Medef8 among others, and the left wing PS9, he summarized by this formula: "The complainers, the rechigneux as they say in Berry, feed the slingers, and the slingers feed moaners. "


Jul 04 2014

The shock report on low-cost Inconvenient Air France

Tag: economic, opinions, publications, top news, worldadmin @ 5:09 am

 The report

Monday handed the CEO of Air France 1 on what to implement to fight against low-cost airlines will he kindly stored at the bottom of a closet I need regular. Ordered by Frédéric Gagey2, the CEO of the company tricolor to imagine a sustainable future for the activity "point to point" – that is to say without match, so – short and medium letter of Air France group flights and reduce losses (200 million euros in 2013), this report contains the recommendations of an expert group. If the CEO of Air France is expected that the strategy currently being conducted, ie reducing the number of devices and stops where the losses are important and maintaining three brands is reinforced, this is not the case.

Shares of Air France erode market

The rapporteur this job is none other than Lionel Guérin, the current boss Hop! 3, the company that brings Airlinair Britair and Regional, three regional entities of the Air France4 who steal appliances from 48 to 100 seats. The expert group has tried to cope and rationalize, at least on paper, a business operated by three different companies within the Air France group: Transavia5, the low-cost intended for leisure flights, Hop, that regional conducts domestic flights to major European cities (Budapest, Vienna, Prague, Barcelona, ​​Stuttgart …) and finally Air France whose market share erode. In some figures, these three companies together account 2 billion euros of turnover and employ 10,000 employees in this activity.

The facts are simple. Short and medium-haul to the hub at Roissy fueling long-haul flights Air France flights lose € 400 million per year but management tolerates some of these losses as it flows through the long-haul profitable. "We can accept losing to Air France 150 million euros per year to fill its planes at Roissy. These are costs that could virtually integrate long-haul, "says an analyst.

Beautiful margins low-cost

But no question of widening losses activity "point to point" that competitors such as EasyJet, Vueling or Volotea have captured while achieving beautiful margins. On flights between France and Europe, Air France lost 5 points of market share between 2010 and 2014. And the French domestic market, low-cost airlines increased from 15 to 27% market share between 2010 and 2014

. To stem losses the report proposes to set up in the autumn a new common organization Hop! and Air France for business functions such as optimization of sales by trade policy (revenue management), pricing … Each company would retain the operational management of its staff.

The report distinguishes between two market segments where business customers are involved and "VFR" visiting friends and relative, that is to say travelers who visit their friends and their families: a segment is predominantly leisure, whose customers are looking for low prices. Customers of the other, dominant business, favor the regularity and frequency while maintaining their wallet.  Contain

Air France flights to match

Transavia meets unsurprisingly expectations first and should continue to grow from Orly, its current base, with ten additional Boeing 737 for its flights leisure. However, to meet the needs of the second category two opposing scenarios: either Hop, regional, fully recovered activity previously carried out by Air France at Orly especially with its mini price!. Air France is building on its reputation in housing activity in a "brand connected" to its name

. Clearly, the report's authors propose confine the short and medium-haul Air France connecting flights to Roissy and let companies "agile" take care of "point to point". On the social level, this scenario would obviously have serious repercussions. "The situation may be very tense in the coming months," says an official of the group aware that the courageous decisions remain to be taken. Frédéric

GAGEY has in hand a "hot potato" that he should say at half results on July 25 that it intends to do.


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