"It is very important to note the status of the U.S. Congress that takes into account very carefully to what the Tax Commission will propose," he told Dow Jones Newswires. Faced with the explosion of the budget deficit, President Barack Obama has established a bipartisan commission (Democrats and Republicans) in fiscal responsibility, whose conclusions are expected in December Guaranteed no fax payday loans. The warning from S & P added that Moody's mid-August.

The Obama Administration has pledged to halve the budget deficit of the state in 2013 and to stabilize the federal debt to 70% of GDP by 2015. The S & P economist has however rejected the scenario of a new recession, preferring to talk of a slowdown in growth.

"The U.S. economy has enough strength to grow by 2% this year and next year," he added.

The trend is especially notable is that despite an unfavorable demographic developments: the employment rate falls to 60 years, yet the 'sixties youth "are more numerous since 2005 as' s acts of war on people born after full-baby boom. By neutralizing this "structure effect", the employment rate of older workers has also increased by almost 5 percentage points since 2003.

However, unemployment was 50 years and older flies.Between March 2009 and March 2010, it jumped by 21.2%, after rising 16.7% the previous twelve months, said the panel of Dares. In fact, the number of seniors looking for employment and the number of seniors who work progressing both. In the first case, for cyclical reasons that should improve. The crisis, plus the gradual end to the exemption from seeking employment, given until 2008 to unemployed persons over 57 years and half is in effect passed by.

Effective retirement age for retirement of 61 years and a half

And in the second case, for deeper reasons. Women are more likely to work. The reforms of 1993 and 2003 from 37 ½ to 40 years the contribution period for a full pension in the private and the public.The effects of the device "long career" – awarded in 2003 to those who have started working very young, fade, because the generations born since 1953 have been affected by compulsory schooling to 16 years.

According to the National Insurance Old-Age, 30 218 nationals of the general system and have retired before age 60 in 2009, against 100,000 to 126,000 per year in previous years. Ultimately, the effective retirement age from 61 years to 61 ½ years for pensioners to live right (that is to say outside widowers). A second consecutive year of breaking up a downward trend in virtually stopped since the early 1970s when the average neared 64.

France remains still lags behind its neighbors: the employment rate of older workers of 27 countries of the European Union is 46%.The majority sees this as an argument for the legal age of retirement, arguing that it is possible to retire at age 60 which explains the low employment rate of 60-64 years. Opponents of the reform them, believe that we must first improve the employment of older before trying to make them work longer.

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The companies are currently preparing the 2010-2011 winter season, which opens on November 1 and lasts six months.And they have decided to increase their capacity. British Airways will offer 7% more seats than in the same season in 2009-2010. The British company will provide such a service between London and Dallas 747, which allows him to release a 777 on the London-New York. Lufthansa, meanwhile, plans to resume a jumbo jet that had put the garage in Germany after having taken a dozen short-haul type B737 and A320. Asian companies are not far behind. Cathay Pacific has recalled five widebody freighter version, four of which will particularly strengthen the fleet of Air China, the Hong Kong whose company owns 49% stake.

Planes cheaper

The return of wide-body aircraft in the fleet remains measured, under the strong rebound in traffic.It has increased 12% for passengers and 27% for freight in June, according to the International Association of Airlines (IATA). "The danger is to increase capacity too fast and too strong," responds Chris Tarry, an aviation consultant based in London. Conversely, a company that does not deploy enough capacity might miss the train of recovery. All are therefore seeking the right balance.

At Air France, the question also arises, but the company continues, against the current trend observed by Ascent Worldwide, out of its B747 fleet. Nothing illogical. On the contrary: "We are entering our fleet of planes more modern, more economical and more environmentally friendly, as the A380. And we are strengthening our fleet of B777-300, "said a spokeswoman for Air France.And remember that the A380 is an annual operating savings of 15 million euros compared to 747.

Air France has already stripped of three B747. A fourth will join them from November. There are still thirteen 747, including ten in the passenger version in service with the French company, but they are headed in starting with the rise of the A380. The company has received mid-August his fourth super-jumbo, which will link Paris and Tokyo from September 1. The fifth A380 scheduled to enter service next April. Meanwhile, Air France is increasing its fleet of B777, a jumbo jet she ordered two versions: long-haul and Caribbean-Indian Ocean.

The Fed Beige Book released Wednesday evening has reported a recovery in global economy. But two of the twelve regional branches of the Fed said the pace of activity has slowed recently, Chicago and Atlanta, and two others have found a stable economic situation in Cleveland and Kansas City.

On the foreign exchange market, the euro rebounded to 1.3095% from 0.79 dollars, its highest since two months.

Side indicators on Thursday, markets will expect enrollment figures weekly unemployment in the U.S. earlier this afternoon. The primary appointment of the week is expected Friday with the first estimate of gross domestic product (GDP) which will attract the attention of investors.

Symantec picks

On the side of values, Visa (-1.9% to U.S. $ 73.75) yesterday issued a profit after the close of U.S. $ 716 million, or 96 cents per share, against 93 cents expected by analysts. The group's turnover is up 23% to $ 2 billion against $ 1.97 billion expected by analysts.

The publisher of Symantec Antivirus (-9.6% at 13.26 dollars) has announced an increase in its profit to 161 million dollars against 74 million last year. But the disappointment comes from the software storage management data that represent 36% of sales.The activity is down 5%.For the current quarter, the group revised downward its revenue were planning.

U.S. oil giant ExxonMobil (1.44% to 61.79 dollars) on Thursday posted a net profit nearly doubled on a year in the second quarter to 7.560 billion dollars, thanks to improved refining margins and higher oil prices.

Net income group share stood at 7.560 billion dollars against 3.950 billion a year earlier (+91%).

For its part, the group sales online Amazon U.S. (1.31% to 119.67 dollars) has launched two new models of its Kindle reading shelf.

Always on the side of values, the car rental company Avis (3.52% to 11.47 dollars) amounted Wednesday its bid for rival Dollar Thrifty, with 13.4% more than Hertz, 1.33 billion in cash and stock, hoping to cut short the agreement between Hertz and Dollar in April.

Also note, Chris Viehbacher boss Sanofi Aventis (1.76% to 29.99 dollars) has confirmed that group continued to explore possible "small or medium-sized" acquisitions. He declined to comment on rumors about the interests of U.S. biotech group Genzyme. Earlier in the morning, sources cited by Reuters said that the laboratory intends to make a formal offer on Genzyme after the failure of his informal approach on U.S. biotech specializing in the treatment of orphan diseases.

According to Bloomberg, the board of Sanofi has authorized management to offer up to $ 70 per share, an offer that values Genzyme $ 18.7 billion.

Net profit for the period amounted to 84.4 million euros, an increase of 5.5%. Net margin reached 11.4% at June 30, 2010 against 10.3% at June 30, 2009.And operating profit rises 23.3% to 132.5 million euros.

Figures better than what was expected analysts, who believe that the real catalyst (which permits actions M6 mounting) is the group's ability to realize its ambitions in terms of external growth, given the past success of the group the subject cash advance loans.

M6 is in fact actively seeking targets in the areas of DTT, the broadcasting rights and the Internet. However, this strategy is currently hampered by the lack of significant opportunities.

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The U.S. economy created 431,000 more jobs than it destroyed in May This is the highest figure since March 2000, but analysts had expected much better. They expected a half-million net new jobs created.The private sector created only 41,000 jobs, five times less than the previous month.

In Europe, a new front in the crisis began in Hungary, where the forint, the local currency, the Budapest Stock Exchange, and covers the failure of Hungarian debt (CDS, credit default swap) tumbled after statements alarmist about the economic situation of the country by the hand of politicians from the majority in place.

On the foreign exchange market, the European single currency settled below $ 1.20 and was trading at 1.1937 dollar in the morning, 1.1972 against the dollar Friday.It fell to 1.1877 dollar in Asian trade, a level not seen since March 2006.

After the disappointment of Friday on the job figures, investors should pay particular attention this week to weekly figures for unemployment benefits that are to be released Thursday easy pay day loans.Among the major events of macroeconomic week, the Beige Book Federal Reserve will be released Wednesday, and on weekends the market will face a survey about the mood of consumers.

On the side of values, the largest U.S. bank, Bank of America, is carried on by former employees for not paying them overtime, according to the text of the complaint partnership.

Exxon Mobil announced that it is negotiating with Chinese oil companies to forge partnerships in China and other countries, said on Monday an official of the U.S. oil giant.

The world of pharmacy, Pfizer announced Saturday that advanced clinical testing showed that the drug Macugen greatly improves vision in patients with diabetic macular edema, a complication of diabetes that can lead to blindness.

Always on the side of values, Standard & Poor's announced Friday it has lowered its rating a notch on the long-term debt of BP, referring to the cost of oil spill in the Gulf of Mexico and the operational challenges the oil group UK will face. The rating agency, imitating its rivals Moody's and Fitch have announced a reduction on their score on Thursday reduced its rating from AA to AA-with negative implications.

Also note, the retail giant Wal-Mart says it wants to create 500,000 jobs over the next five years and will repurchase $ 15 billion worth of its own shares.

The tablet, however, will not be found in the shops of the three operators.Then they hoped "to generate traffic with the curiosity that is likely to generate the iPad [...] Steve Jobs has imposed on them an absolute bar to" Les Echos noted Wednesday morning. Apple would indeed set the iPad closer to a computer than a smartphone. Orange, SFR and Bouygues Telecom will be content thus to propose specific plans for the 3G version of the iPad, as they already do for the iPhone bad credit personal loan lenders. According to the scenario under development, Apple will contact the operator chosen by the client to forward him a SIM card and Micro-activates its line. But all the steps and subscription management package will intervene directly on the iPad.

It is around the price and terms of these packages lie the remaining uncertainties.In the U.S., Apple set to AT & T plans to develop 3G no time commitment, to 14.99 dollars per month for 250 MB of data exchanged or 29.99 dollars for the unlimited. In France, the operator suggested that "the price and features of these packages will vary from the key 3G standard, which hover around 30 euros, according to Les Echos. In fact, they fear that the tablet from Apple, with its larger screen than the iPhone, is developing new uses more bandwidth-intensive, particularly video. This could bring down the price of subscriptions up. In the U.S. market, AT & T said, however, expect that the iPad achieve more WiFi version, thus saving the mobile network.

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The president denies having engaged in this campaign, including during his trips to the provinces. "I did not give instructions to vote and I will not do. But agree it would be strange if I'm the only one able to explain the issue of regional elections! ". As for the convening of leaders of the campaign in the Ile-de-France, President irritated "those controversies which are permanent loss of valuable time in France": "What has he wonder that I meet with elected Ile-de-France while I myself am an elected official in this region since 1977? ". Concerned by the record abstention rate announced for the election, Nicolas Sarkozy asked the French to vote "is also a civic duty."

The consequences of the ballot

"I am of course aware that the French would say."But Nicolas Sarkozy is very clear: "The election of 14 and 21 March is a regional election: its consequences are so regional. Stressing the need for some stability to the government action, the President cited the example of the longevity record of Christine Lagarde – Minister to only be quoted in the interview – the Ministry of Finance: two and a half years. The president may be considering a "new step" but only after the pension reform – a text should be submitted to parliament in September – even if it does not by that "some governmental adaptation.

On the debate over national identity

Defending himself for having stopped the debate on national identity before the regional, Nicolas Sarkozy promised "major steps" he announced in April.Quoting the words of Claude L?vi-Strauss' identity is not a disease, "the President considers appropriate for the gathering of the country" think together about the direction that our nation should go to the project, its values .

On the economic and fiscal policy

Convinced that the Strategy on Economic currently followed will bear fruit in 2010, particularly in employment, the President is however concerned about deficits. "The truth is that we want the public expenditure and that the crisis has drastically reduced our income tax" analysis does. But no question of raising taxes, he promises again, "either today or tomorrow." "I do not believe in a policy of austerity that has never worked and is cons-productive."The president has not abandoned the idea of a "social VAT" – a term he rejects – for we must continue to consider ways of financing social protection other than taxing work. The carbon tax will also be the day after a consultation at national and European level.

On pension reform

Following consultations with the unions, the government will make proposals for a text to be tabled in Parliament in September. Nicolas Sarkozy reiterates its commitment to the reform will affect the 21 million private employees and 5 million from the public. And if lengthening the contribution period there must be, it concerns both the private and the public.However, the calculation of pensions (based on six months in the public and the best 25 years in private), the President recalled that staff bonuses are not included as it is in the private. "All these elements must be on the table."

On the popularity of Fran?ois Fillon and a second term.

"If it was not popular, I would say we must change. If it is, I am told it is a problem for you. All this, they are vain conjectures. My only problem is to carry out the reforms expected by the French. Do not create problems where there are none. " As for his decision to represent 2012, Nicolas Sarkozy reiterated that the question is premature."I take position at the end of 2011, taking into account a number of collective and personal criteria.

Future reforms, other major projects, open policy of nuclear burning issue … Find the full interview of Nicolas Sarkozy in Le Figaro Magazine to be published Friday, March 12.

Today, the Tokyo Stock Exchange ended in the green but this positive conclusion seems not strong enough to reassure the markets.

A flurry of statistics

Mixed macroeconomic statistics were published in Asia on Thursday. In Japan, GDP in the fourth quarter was revised downward to 0.9% from the previous quarter instead of 1.1%, business investment had proven that estimated lower initially (at 0.9% over the previous quarter instead of 1%).In contrast, China has announced that industrial production had risen by 20.7% yoy over the first two months of the year and that investment in fixed assets had increased by 26.6% over the same period .

Wednesday evening, the U.S. Treasury announced a record budget deficit of 220.909 billion dollars in February, its seventeenth consecutive month in the red, but with a higher income.

In addition to these data, investors will digest the figures on Thursday the French budget deficit in January. It widened to 9.2 billion euros against 8.1 billion at the same date in 2009, according to the Budget Ministry. Moreover, employment has declined in metropolitan France from 0.1% in the fourth quarter 2009 with 20,400 jobs destroyed in the areas mainly merchants.It's better than the third quarter, when 79,800 positions were eliminated.

The German government debt has climbed from 7.1% in 2009 to nearly 1,700 billion euros, said the Federal Statistics Office Destatis.

To these entries added weekly unemployment and the U.S. trade balance (1430).

Lagard?re and banking unscrew

Lagardere issued yesterday evening poorer results in 2008: net income Group share reached EUR 137 million in 2009, against 593 million euros the previous year. A drop of 77%. Lagard?re table for 2010 down about 10% of its current operating income. The sign under the worst performance of the CAC: -5.02 ? to 27.05 euros.

The threat of monetary restraint in China flat again.Locally, the index of consumer prices rose 2.7% year on year last month, according to the National Bureau of Statistics no credit check payday loans . "If the Prime Minister wants to keep inflation below 3% to prevent overheating of the economy, it will probably need to use all instruments at its disposal," said Brian Jackson of the Royal Bank of Canada. Already, according to the Central Bank, Chinese banks have granted in February for about half of the credit granted in January: 700.1 billion yuan in new loans, against 1390 billion yuan (148 billion euros).

The bank reacted badly: Societe Generale (-1.16% to 44.28%), BNP Paribas (-1.06% to 56.06 euros) and Credit Agricole (-0.5% to 11.96 euros) fall .

Boiron (+0.86% at 31.55 euros) Wednesday announced an operating profit of 91.8 million euros, up 61% for a turnover, which had already been published, 526 , 1 million euros, up 12.7%.

CFAO (-0.88% to 27.69 euros) announced on Thursday a fall of 29.8% of its net earnings in 2009. Net income group share was indeed established at 90.3 million euros against 128.6 million euros a year earlier.

Meetic (-0.31% to 22.67 euros) announced Wednesday the completion of the creation of a joint venture with Match.com to develop their activities in Latin America.

Air France (-0.09% to 10.77 euros) a complaint against the competing company Ryanair.The French company has accused the Irish receive 660 million euros to aid illegal in Europe.

Total (-0.43% to 42.74 euros) is always under pressure from unions after the official announcement of the closure of the refinery at Dunkirk. The SGC of the oil industry, majority, yesterday called the 13 employees at French refinery strike Thursday, April 15.

The case EADS (-0.69% to 15.17 euros) continues. The withdrawal of the European Group in the race for the Pentagon tanker causing diplomatic tensions. Nicolas Sarkozy, on a trip to Washington in late March, has decided to raise the subject during a discussion with Barack Obama.Moreover, the U.S. airline United Airlines has signed a firm order for 25 long-haul Airbus A350, for a contract of $ 6.3 billion at list prices.

OL Group should benefit for some time qualifying historic team in the quarterfinals of the Champions League yesterday against Real Madrid. After the victory, the Exchange welcomes its way Olympique Lyonnais: the title is 8.48% to 9.59 euros.

Not less than sixty States have shown in recent years with the Vienna their desire for nuclear reactors to generate electricity. "The expectation in these countries is very strong," said an organizer of the conference. Iran and North Korea, which have violated their international obligations, have not been invited to Paris, unlike Syria and Libya.

Click on image to enlarge.