This reflects "an upward revision to imports and a downward revision to consumer spending," says the Department of Commerce. A phenomenon only partly offset by "an upward revision of exports and changes in business inventories."

"It's disappointing," Judge Inna Mufteeva, economist at Natixis U.S.."Consumer spending was revised down from 3.5% to 3% payday loan online. Shortly reassuring, while half of this increase can be attributed to the plan of Barack Obama, according to Natixis. The fact that fiscal stimulus should deflate during the second half of the year.

Also somewhat reassuring, the growth was largely supported (1.9 to 2.7%) by a motor very tentative: the recovery of businesses. Explanation: During the crisis, American companies have used their stocks. Until no longer have anything in their warehouses. In recent months, they have therefore produced and placed an order to replenish their stocks, thereby amplifying the rebound in growth. Good news is that the investment factor for structural growth, jumped 11% in the first quarter of 2010.

Bercy assured, reports Reuters: "The evaluation of this kind of reform can only be positive by the rating agencies." Ministry experts have calculated that the increase in 60-62 years of age of retirement accounts for 1.2 million jobs and four percentage points of GDP over the long term.Moreover, "these reforms contribute to improving the deficit by about 0.5 percentage points of GDP by 2013, according to the entourage of Christine Lagarde.

"Reform is obviously in the right direction, because the current situation is untenable," responded Dominique Barbet, economist at BNP Paribas market IP. Delaying the retirement age to 62 years is applauded Payday Advance No teletrek. "The symbol of the abolition of the 60 years is important, it is easier to move it more later if needed," said Gilles Moec, economist at Deutsche Bank. The pace of transition to 62 years, faster than originally envisaged, was also approved.

If the limit of 63 years has finally been abandoned, "the government's plan is fairly aggressive in the speed of implementation of the device, which should be effective by 2018", says Dominique Barbet."The unions were expecting perhaps a less violent transition, and the rating agencies at a faster passage. The government must allow both. "

Doubts remain. "I'm not sure whether the final reform" asks Gilles Moec. The growth assumptions Guidance Council retreats are indeed optimistic, with an unemployment rate of 4.5% in 2020 for example. "It also depends if employees choose to work longer to get a full pension, or if they prefer to leave earlier."

This, ten years after the decision of both industrial policy by France and Germany to launch the A380 as part of the creation of EADS, parent company of Airbus. And two and a half years after the first delivery of the superjumbo to Singapore Airlines, the launch company.In recent weeks, "there's better on the forehead in the euro-dollar, even though its effect will be read in the accounts in the medium term, there is better on a better control programs, production rates will increase (for the A320 and A380, Ed), thereby supporting the generation of cash. The giant command adds a bit more "positive" about the title, "Yan Derocles development, aerospace analyst with Oddo who recently moved to purchase the title.

Price increase expected

Airbus, which had produced and delivered ten A380 aircraft in 2009 (and thirty since October 2007) will double the pace this year. "We have good visibility and for the first time in the first quarter, the program has been consistent with expected costs," said Louis yesterday Welsh, president of EADS.Costs too high, since this year, Boeing will lose money on each aircraft produced no fax pay day loans. But Thomas Enders, the Airbus chief, said that "from 2012, we should begin to win," so that the A380 will contribute fully to the operating result (ebit) of Airbus from 2014 . This, taking as a basis for calculating a euro-dollar parity of 1.30. The evolution of the two currencies in the medium term will be crucial.

In terms of business strategy, Airbus is also a turning point. It should trigger a second wave of orders in conquering new customers.The contract giant Emirates is great, but it comes from a company already convinced by the A380 and Airbus has always maintained in good and bad times.

This contract allows, however, John Leahy, marketing director, put pressure on companies that are slow to make the leap. The delivery of the A380 are now virtually come to an end until 2017. If a company wants the A380, it would have incentives not to expect too much as far as prices go up. But, argues Airbus A380 will be a must. The device has proven its economic and ecological efficiency, as evidenced by the feedback of its first customers. Airbus forecasts a market of 1,500 aircraft by 2030 for very large aircraft. Without rival, the A380 should prevail on this market and be a cash machine on the exceptional duration of the program, or forty years.

The price of the card, 19 to 149 euros, depends on the period chosen by the customer (7, 30, 90 or 365 days). For example, a project started in spring and completed in early summer, a handyman can do some shopping Sunday for 90 days with the card paid 49 euros.Among the proposed rates: a jar of 500 ml of lacquer painting sold Dulux Valentine 9.55 EUR 19.10 EUR against average in a large area of traditional crafts (-42%), or a sink with Hansgrohe shower proposed 144 70 euros, against 209 euros elsewhere (-31%). Lower prices can reach up to 60%.

The new store, which replaces a Bricorama deficit lies in a catchment area hotly contested, close to a Leroy Merlin, a champion of "hyperchoice (50,000 references), himself leaning against a giant casino, and another discounter, Brico Depot, the brand's low-cost Castorama, both subsidiaries of the UK group Kingfisher.

Impasse on first prize

DIY Factory offers fewer products than the first radius is not proposing building materials as the second pay day loan lenders.It is also missing several major brands like Black & Decker or Bosch, all present at Leroy Merlin, preferring challenger brands recognized pros. Finally there is no first prizes at the heart of its bid, as at Brico Depot. Finally, the third linear are less than those of a trimmed Bricorama.

"It's true discount, but not the trash: we sell at low prices without making concessions on products or service levels," said Erik Haegeman Bricorama CEO, who is without some mention that discounters it considered it less fussy about quality.

"The signs attract customers with low prices to the minimum quality – on which margins are nonexistent – and hope to catch up on accessories for power tools or decoration," explains Erik Haegeman.Rather than finding an equation of higher margin sales and margins near zero, Brico Factory applies the same level of reasonable profit on its entire supply. It would be about 10%.

This "discount quality" Will it attractive enough for consumers to buy a card? Bricorama, which did not sign up now at low prices, at least fills a void. If the test proves successful DIY Plant, the least profitable Bricorama could pass under the new brand.

2) Why so much reluctance in Germany?

The German Chancellor has requested that a country can be excluded from the euro area "last resort" in case of repeated infringements Maastricht rules. Photo credits: AFN

LE FIGARO .- Why invest in the Carrousel du Louvre with an area of restoration of 2 000 m??

Gilberto BENETTON .- Le Carrousel du Louvre, nine million visitors and two million meals a year. For a group like ours, we felt it important to be there. We present in France since 1994, our largest market outside Italy, with 84 rest stops. Our fleet also teaches in seventeen stations, two major airports and hotels.We work in association with partners like French Brioche Doree and Buffalo Grill, with whom we will open soon a service area on the motorway between Marseille and Nice.

At the Carrousel du Louvre, the opening of a McDonald's restaurant has troubled the French …

We propose a range of cuisines from around the world. Among the brands represented, we can find the Spanish Mira, Meltem the Mediterranean, the Moroccan Salam, the Asian Self, Beaudevin for France and for Segafredo Italian coffee. What makes the success of our formula is to offer a wide range of services with a predominance of local products. This is a great innovation.We are already present in the world in more than fifty museums, archaeological sites and palaces of prestige as Pompeii, Versailles and the Palacio Real in Madrid or the Empire State Building in New York.

What are your development projects?

This is no time to expand in Europe, but the consolidation. That means reducing our costs, cut out the superfluous, lower our prices. In France, we are the second group of restaurants on motorways. New opportunities will arise. We will participate in bids to manage new areas on the motorways and the TGV station.

Your group is already very diverse. What activities will experience the highest growth?

Management infrastructure, be it highways or airports, is the most promising.Edizione, holding family owns 79% of Sintonia, large umbrella company infrastructure. We are ready to get up to 51%, to make way for new shareholders while retaining control. Latin America and Southeast Asia are the growth prospects strongest. Sintonia has one billion euros of liquidity. In Italy, we presented a draft of expansion of Rome airports to increase capacity from 33 to 70 million passengers per year. By the end of 2010, the new Alitalia, since its takeover by Air France-KLM will have its own terminal.

Do you regret certain investments?

Our only mistake was coming in 2001 in Telecom Italia, a 24.5% at worst as wrong when the telecommunications business was at its zenith. We have not managed directly participation.We decided today to leave. In the textile industry (Benetton Group, which owns 67% Edizione), we faced the crisis with equanimity. Turnover declined this year by about 4%, especially in the United States and Eastern Europe. The Western Europe remains substantial. Each one million more passengers is 1 000 jobs.

And Autogrill?

Autogrill will continue its development in France and Germany. In fifteen years it has grown from a turnover of 700 million euros to 5.8 billion business. It is unparalleled in the world. This seems an easy job, but it's far from true. The proof: the competitors are not legion. For ten years we have taken control of the U.S. HMSHost, the Frantour Restoration of specialist duty-free Aldeasa makes us the world leader in the specialty, Alpha Group and WDF.There would be many other channels to acquire, but not yet. We must consolidate and improve the quality of our services. From this perspective, the opening of the Carrousel du Louvre is a test and a step forward.

Meeting yesterday, and until Sunday evening in Singapore, the 21 forum member countries of APEC (Asia Pacific Economic Cooperation), which also ranks in the United States and Russia call to fight against this temptation with force.In contrast to increasing free trade that will stimulate economic recovery and create new jobs, they say.

The APEC forum, which is celebrating its twenty years, knows whereof he speaks: it accounts for respectively 40% of world population, 51% of GDP (gross domestic product) and 50% of international trade.

Recovery Plans

The exercise is more difficult than in countries that are recovering as fast as China (8% growth expected this year), the risk of overheating point and are "likely to trigger new asset bubbles and estate, "says Robert Zoellick, President of the World Bank.Indeed, Hong Kong and Beijing, apartment prices begin to flare, necessitating a very fine management of support plans launched by the Asian countries.

In total, they represent more than 1 000 billion (665.7 billion), including 585 billion for China alone. But no question of suspending them. "We will maintain our policy of economic recovery until a sustained recovery is assured," said the APEC forum, which emphasizes that the expected recovery "is not yet based on solid foundations."

For its part, South Korea, just to finalize its agreement to free trade with the United States.Washington accuses him not to open its automotive market and the day before the U.S. International Trade Commission had to deny Samsung Electronics to sell some of its products overseas because they pirated Japanese licenses.

Saturday and Sunday, the Heads of State of the APEC forum, which will meet in Singapore and will also consider the climate, will certainly a lot to do.