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The Government confirmed and signed. On RTL radio on Wednesday morning, Minister of Labour, Social Solidarity and the Civil Service has reaffirmed that the government excluded the increase in pension contributions. "We found that the figures were not reachable by taxation. It would double the tax on corporate or income tax to achieve balance, "said Eric Woerth.

As expected, the government is studying other ways. Among them, increasing the contribution period. "From the moment we are living longer, we need to spend more time at work. We'll see how we will implement this measure into practice, "says Eric Woerth.

Alternatively, the decline in the age of retirement. One issue that has angered unions. "We have heard their message.They are opposed to this solution, but they agree that pension reform is essential. The question is under debate. We will not force, "said Minister of Labour.

Generational solidarity

Incidentally, Eric Woerth has not ruled out an effort to also ask parliamentary payday loans instant. "There is no reason why MPs are not efforts on pensions, if the French do," he says.

For DSK, Socialist Party member is the solidarity between generations is at stake "The PAYG system is only effective if young people have confidence in the ability of government to restore the trust between generations. For this, it must restructure the labor market.If they feel to be the butt of the joke, then the pension system is in danger, "she told RTL radio.

On Wednesday, the Board of Retirement Guidance (NRC) is a report that expects a financial requirement for all plans between 72 and 115 billion euros per year by 2050.

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A little over a week after employees Sodimatex are those of Poly Implant Prosthesis, a manufacturer of breast implants, placed in receivership after a fraud case, which threatens to blow up their plant in La Seyne-sur-Mer (Var), if the state does not assist them. "We made Molotov cocktails and it has highly flammable at the entrance of the site, told AFP Eric Mariaccia, representative of the CFDT union. Employees have also spilled thousands of prostheses, empty or full, to the entrance and were burning tires, has been a photographer for AFP. The Tribunal de Commerce de Toulon delivered March 30 the liquidation of the company IPP, leaving 120 employees without jobs.

A meeting scheduled for Monday

"It's been three weeks since they last, there was no response from the State.We want someone to come and see us to unblock emergency funds, because people will not touch anything redundant during the two months waiting job center online payday loan. And the only person empowered to do so, the prefect, "said union representative. The employees also claimed between 10,000 and 15,000 euros in compensation for dismissal and the appointment of a mediator.

According to Philippe Mignoni, Deputy Mayor of La Seyne (CPF) in charge of economic development of the city, a panel discussion scheduled for Monday in the prefecture. "We can not see from a flagship like that is a reliable company beyond its current difficulties," said he.Last week, Afssaps, the agency health products, has withdrawn from the market breast implants silicone PIP, alerted by an abnormal rate of breaks and after the discovery of fraud on the unpublished material . The Public Health of Chile has taken the same decision yesterday.

Ciments French announced Friday that its offer to repurchase its obligations to U.S. investors is now closed. French Cement will buy 483.5 million worth of bonds issued in 2002 and 2006 to its creditors. 183.5 million dollars will be redeemed on a total of $ 200 million of securities issued in 2002 and all securities issued in 2006 for $ 300 million.

The statement said that "French Cement will then redeem all shares tendered at a price of 1065 dollars for each security with a face value of $ 1,000, plus interest accrued until the date of settlement."

The purpose of the maneuver would be to facilitate a possible merger with its Italian parent company, Italcementi, which has also put the necessary funds available through any of its subsidiaries, Italcementi Finance.JP Morgan and Royal Bank of Scotland acted as a consultant banks and Wachtel, Lipton, Rosen & Katz acted as legal advisors. French Cement and Italcementi had tried to merge last year. In vain because of demands of U.S. creditors deemed "unacceptable".

The market has been sensitive to this, a situation reinforced by the recommendation of Natixis which went to "strengthen" to "buy" with a rise in its price target to 77 euros to 86 euros. Indeed, the title cements French progressed over 4.20% at about 11 am Friday at the Paris Bourse, the second largest increase of DTH.

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The French did not calves too weakened in 2009. While world consumption fell by 12% bike, the French cycling and accessories fell only 4.5% to 1.3 billion euros. Only Italy did better, as sales rose 5% over there, through the creation of a grant for the purchase of bike with a resounding success. In its annual survey, the National Occupational cycle (CNPC) said that with 3.13 million bikes sold at an average price of 262 euros, France is the 4th global consumer cycle. On account of a bike for 20 people, the Hexagon is second only to Japan, the Netherlands and the United Kingdom.

"We are seeing a return to cycling as a means of locomotion, a practice which had fallen sharply since the postwar period," notes Thierry Fournier, president of CNPC. In practice this translates into a 7% increase in sales of city bikes.These bicycles are used in particular to go to work, there is also a takeoff of electric bikes. With 23 700 copies sold in 2009, this niche market grew by 64%.

Cycling for recreation (including ATV) is a large majority with 65% of volumes, but down three points compared to last year when, curiously, ATVs children rose by 11% faxless pay day loans. As for the bike race by their high average price they are still losing some ground from 5.5 to 5% market share. The study also notes that more than one cycle out of two is currently purchased in a supermarket sports (52.5%) to food supermarkets (25.5%) and independent specialist vendors (22%).A breakdown different when it attaches to the value of sales as the independent vendors are leaders (48.5%) before the big sports surfaces (41.5%).

In 2010, professional cycle does not expect a great year but expect the development of cycling in the city and new practices. This is particularly the case of BMX and BMX with sales and the number of licensees have been boosted by the new Olympic status of this discipline.

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The index futures are predicting a lower opening in U.S. markets. The Nasdaq 100 index futures and S & P 500 respectively retreating from 0.29% to 1 969.25 points and 0.41% to 1 174.20 points.

After the great bull markets in recent times on Wall Street and in Europe, investors await the slightest pretext to visibly sell. They took advantage Wednesday of renewed concern about the debt Greek and the surprise announcement of a drop in U.S. consumer credit in February to pass the act, especially as the Federal Reserve chairman Ben Bernanke said that the country "is far from being out of business." At the finish the Dow Jones lost 0.66% and the Nasdaq 0.23%.

Also note, commercial stocks of crude rose by 2 million barrels last week.Gasoline inventories fell 2.5 million barrels and distillate stocks rose by 1.1 Million barrel. Following the announcement of this slight increase in inventories in the U.S., a barrel of oil has retreated from its recent peaks, to return the $ 86 for Brent and for WTI.

On the foreign exchange market, the euro remains under pressure however amid a resurgence of the Greek crisis Payday Loan for Bad Credit. The single currency is trading in the morning at 1.332 dollars.For his part ounce of gold has continued to climb, to 1 $ 146 this morning.

On the macroeconomic front, today on Wall Street investors will follow including the numbers of students in weekly unemployment to be announced early afternoon.

The air in the crosshairs

On the side of values, a new giant merger is in preparation in the American sky. U.S. Airways and United Airlines (UAL Corporation) have resumed their negotiations for a merger, according to U.S. media. "Both companies, which belong to the network" Star Alliance, have already conducted twice unsuccessful negotiations in 2001 and in 2008, "note the experts of BNP Paribas.United had also attempted to ally himself, unsuccessfully, to Continental Airlines, after the rupture of contacts with U.S. Airways in 2008.

Palm has jumped 20% Wednesday on rumors of takeover, unconfirmed.

The internet group AOL would consider closing or selling its social networking site Bebo, bought $ 850 million two years ago.

Coup de Theatre in Washington. Saturday evening, the U.S. Treasury Department has suddenly decided to postpone indefinitely the publication, scheduled April 15 next, its half-yearly report on exchange rates of foreign currencies to Congress. He was preparing to put the spotlight on the renminbi – another name of the yuan – that several U.S. senators accused of being manipulated by the Chinese government, which under-evaluate voluntarily to help its exporters.

The decision comes after a long telephone conversation on Friday between Chinese President Hu Jintao and his U.S. counterpart, Barack Obama, who both want economic relations and trade "healthy and stable." It also falls on the eve of several high level meetings between officials of both countries.

12 and April 13 is held in Washington an international summit on nuclear safety which Hu Jintao will attend. In the end, it was the turn of the G20 finance ministers to return to the United States. And in May will open the second meeting of Strategic and Economic Dialogue between China and the United States that both countries have high expectations.

Timothy Geithner, U.S. Treasury secretary, did not hide it, these meetings are "the best way to advance the interests of the United States today." They apply in any case much better than direct confrontation. And leave the door open for a rebalancing of the yuan, as China would decide only fast cash online. It is betting that Americans do today.

Do not lose face

The Chinese currency is pegged to the dollar around 6.83 yuan per dollar since the summer of 2008 when its exchange rate since 2005 was calculated according to a basket of currencies that enabled it to fluctuate. Some U.S. economists believe it is undervalued by at least 40%. But Beijing considers the economic situation in China requires that keeps it at that level. "There is nothing to criticize, the exchange rate is undervalued," repeated again last week the Vice-Minister of Commerce Chen Jian.

A political statement intended to show that China does not intend to dictate economic policy abroad. For in reality, Hu knows that he will have to revalue the yuan.The central bank is in favor and in recent days, many Chinese economists openly call for an increase of the currency.

It would reduce the cost of imports and, more importantly, it would inflate the purchasing power of Chinese households. A particularly important issue for Beijing, which wants to boost domestic consumption to reduce dependence on exports. By playing the appeasement, the U.S. allow China to not lose face while bringing it to what they want.

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The President of the General Council of Charente-Maritime, Dominique Bussereau, will offer an exceptional increase in tax of 6% for 2010 to meet the cost of the storm Xynthia, said here Sunday with the first vice-president Jean- Louis Frot.

The proposal, raised at a meeting of the Standing Committee of the General Council shall be a vote on April 16. "We will have significant expenses arising from the disaster of February 28.It is essential that we can assume those expenses related to dams, roads, buildings and various facilities, "said Jean-Louis Frot, who chairs the Committee on Finance of the departmental assembly.

27 million

Estimates of the services of the General Council of Charente-Maritime, the cost of the storm to the finances of the department is of the order of 27 million euros fast payday loan no faxing. Dominique Bussereau will propose an increase of 6% rate of tax that would bring some 8 million euros to the 2010 budget, as the first vice-president.This increase, if adopted, would add to the 5.5% increase already included in the original 2010 budget passed last December.

The remaining funds needed to repair storm damage Xynthia come including state subsidies, "some redeployment of appropriations" in the departmental budget and insurance, as the Senior Vice-President of the General Council of Charente Maritime. No new borrowing is expected, however, he said.

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The automobile market in France does not always run out of steam, despite a decline in the amount of scrappage since 1 January. In the first quarter of this year, sales of passenger cars climbed by 17% with 594,776 new registrations, according to figures released Thursday by the Committee of French car manufacturers.

For March alone, new registrations totaled 242,763 vehicles, an increase of 17.9% in raw data. Registrations of commercial vehicles (+17.7%) are also up significantly. As the previous month, only commercial vehicles are still lagging behind with a decline of 28.4%.

Renault leader

Once again, Renault has achieved the best performance of French manufacturers. The group, which also includes Dacia, displays a new car registrations rise 27.6% in March.PSA Peugeot Citroen follows with a jump of 15.9%. However, in volume, the Lion brand ahead of its competitor with 78,233 newly registered vehicles against 69,819 for the Renault group.

Throughout the first quarter, the trend is the same. The Renault saw its registrations increase by 36.5% while that Peugeot are up 18.2%. But in volume, Peugeot leads with 196,661 vehicles against 167,793 for Renault.

As for foreign brands, the largest increase in March returned to the subsidiary of Renault, Nissan (93.3%), followed by the BMW Group (+37.6%), and GM Europe Group (+31.4 %).

The setbacks encountered earlier this year by Toyota continues to weigh heavily on the Japanese manufacturer. Its sales tumbled even more than 20%. Nothing to do with the situation for Toyota in its domestic market.On Thursday morning, the Japan Automobile Dealers Association has announced an increase of 50.7% of sales from manufacturer on a year in March. Figures into perspective immediately because of delivery times: Toyota cars sold in Japan in March, have mostly been ordered several months in advance, long before the crisis broke out reminders.

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