Specifically, this is to limit the payment of appropriations made to the public company for the loss of advertising revenue due to the partial shutdown of advertising on the main branches of the group since 2009. France Televisions already committed for 2012 to increase its advertising revenue from 410 to 425 million euros but also revert to the state 28 million euros in credits not used by the public group.

But the chairman of the Finance Committee would go further.

The fight against price volatility in agricultural commodities is precisely the heart of the priorities that the ministers of agriculture have taken in June in Paris during the holding of a special agricultural G20. These will draw Friday a first assessment of this work."The challenge for leaders is to find ways to constrain the natural volatility of the courses without mask or minimize the aggravating factors which tend to look the part of financial markets," said Didier Rousseau, expert industry the agri-food consulting firm Weave Same day payday loans. Volatility can be explained according to the expert by "the increase in global food demand, the emergence of biofuels or the occurrence of weather-related disasters."

The five commitments that will be discussed and reviewed at the G20 agricultural Cannes

• Establishing information system on agricultural markets (AMIS). Hosted by the FAO global database that aims to improve transparency and information on agricultural markets of four major crops for food security (wheat, rice, corn, soy).

In addition to these political deals, investors are disappointed by the results of the aluminum giant Alcoa.The latter, which traditionally opens the ball results in the United States, reported Tuesday a quarterly profit below expectations, attributed to slower economic growth since mid-2011.

The U.S. Senate penalizes the yuan

In Japan, the bad news drive the Nikkei down. At the end, it gives up 0.40% to 8738.90 points. The broader Topix index has eroded his side of 0.21% to 753.44 points. Export values ​​are undermined by a strengthening of the yen was down 0.27% Toyota, Honda of 1.79% and 4.07% Nikon loose, affected by its decision to suspend production in Thailand by the floods that hit the country. For the same reasons, Toyota announced that he was forced to suspend production for the week in its three plants. Values ​​related to energy are affected by the poor results of Alcoa.Sumitomo Metal Mining loose eg 1.64% no fax cash advances.

Please note that orders for capital goods in the private sector in Japan, excluding energy and shipbuilding, jumped 11.0% in August compared with July, according to the government Wednesday.

Australia's S & P lost 2.09% to 3325 points. Values ​​related to the sector of raw materials are affected by Alcoa. BHP Billiton drops 1.20%, 2.51% Alumina and Rio Tinto 1.59%.

The Hang Seng in Hong Kong manages to remain in the green, up 0.63% to 18,255 points, as the Shanghai Composite Stock Exchange Shanghai jumped 2.16% to 2399 points. Always driven by Beijing's decision to support the banking sector, Agricultural Bank of China gained 1.34% and 1.13% Bank of China.Moreover, the U.S. Senate on Tuesday approved a bill to penalize China, suspected of manipulating its currency to boost exports, despite the reluctance of the White House. The adoption of the bill is a "severe sprain" the rules of the World Trade Organization (WTO) can cause a "trade war", responded Wednesday to the Chinese Ministry of Foreign Affairs.

The Korean Kospi follows in the footsteps of Chinese markets and advances from 0.50% to 1803 points. Even bullish on India Sensex climbs to 1.10% at 16,718 points.

Oil down

The price of oil was down at the opening Wednesday in Asia, where the market re-Slovak pessimistic after the rejection of strengthening European support fund and the estimated demand for crude revised downwards by OPEC.

In electronic trading, a barrel of "light sweet crude" for November delivery lost 1.04 dollars to 84.77 dollars. Barrel of Brent North Sea crude for November delivery gave 74 cents to 109.99 dollars.

The European Commission highlights the paradox between a cleaner gasoline and cheaper duty-sold more expensive at the pump, and diesel more expensive duty free, massive source of emissions of fine particles hazardous to health, and less expensive for motorists. She said outside the UK, the tax treatment of petrol and diesel in Europe is "flawed" and needs the overhaul.

Concern

For manufacturers, the news comes at the worst time.These are already working on the application in 2014 of Euro 6, which calls for reducing carbon emissions and fine particles. This standard requires them to implement expensive technology on diesel vehicles that will increase the price of these cars from 1500 to 2000 euros pay day loans. What scare away customers. If in addition the price of a liter of diesel fuel were to increase significantly, the diesel car market could collapse.

The Committee of French Automobile Manufacturers believes that the introduction of this directive in France could lose 20 points of market share on the sale of diesel cars. In the columns of Paris, its president, Patrick Blain, worried: "The decline in production in French factories (on the cutting edge in the field of diesel, ie) would inevitably have social consequences," he warns.

Professionals and individuals may also choose to get rid of their cars too expensive, which could lead to plummeting prices of diesel cars. "It may be possible to adopt transitional measures that will leave everyone time to adjust," said he.

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No statement should be issued initially. But given the urgency of the situation and "the common observation of the need for a collective response," said French Finance Minister Baroin, the G20 is prepared to take "all necessary measures to maintain stability banking systems and financial markets. " For banks, countries ensure that "they have adequate capital," they keep "sufficient access to finance."Central banks provide them with "the necessary liquidity."

At the same time and in response to a request by the G20 in September addressed to Nicolas Sarkozy, the euro zone countries have pledged to implement "necessary measures to increase the flexibility of the European financial stability and maximize its impact to prevent contagion bad credit unsecured personal loans. "

And G20 members say they are committed to act on all fronts: against "increased risk of deterioration" due to soaring public debt, against "the weakened financial system" and "turmoil" growth "low" and "unacceptable level of unemployment." To do this, they will take action to "support growth" while adopting "credible fiscal consolidation plans."And the time is short since the club 20 is the adoption of "an ambitious collective action plan before the summit in Cannes," in early November.

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The degradation of S & P is all the more unexpected it had been no warning from the agency, in contrast to Moody's.The latter had announced Friday that it would complete in October, with a month lag, the examination of the Italian credit note for a possible cut, citing a difficult economic environment.

Standard & Poor's, the downgrade of the debt is directly related to the low economic growth and a fragile political situation. In fact, the ruling coalition of Silvio Berlusconi has only a slim majority. Thus, the rating agency believes that the differences in the Parliament will continue to restrict government's ability to respond decisively to a macroeconomic environment inside and outside tricky.In addition, many escapades of prime minister Silvio Berlusconi also helps to weaken the ruling coalition.

The difficulties of the incumbent government to impose measures were illustrated by the recent childbirth painful austerity plan. This program changed multiple times is not convincing and suggests that S & P "will undoubtedly contribute little to boost economic performance of Italy, especially in a context of tighter financial conditions and because of the program fiscal retrenchment of government. " Facing a debt of 1900 billion euros, equivalent to 120% of annual GDP, the Berlusconi government has pushed through last week by parliament an austerity plan providing for 59.8 billion euros in savings with the aim bring the budget back to balance in 2013.

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More limited carrying capacity

Estimates of the study Mastercard "Report on the economic impact of Rugby World: 2011 World Cup," the economic activity generated by the event is expected to reach $ 654 million (479 million), 18 % less than the 2007 edition in France. Main reason: the carrying capacity, especially in the stages are not the same. In New Zealand, the largest chamber (the Eden Park in Auckland) can accommodate 60,000 rugby fans. This figure drops to 40,000 for the second largest stadium. In total, only five of the twelve speakers in the competition beyond the 30,000 seats. In France in 2007, all exceeded the 32,000 seats.Enough to blow up the number of tickets sold in the Hexagon at 2.25 million, against 1.35 million sold in 2011 according to MasterCard. Next visitors, a double standard as well, since 95,000 fans are expected in the country of Blacks against more than 325,000 in 2007.

Overall, the economic impact of the sixth edition of Rugby World Cup in 2007 was estimated at 540 million euros, of which over 85% from the tourism (spending by spectators, lodging, drinks, souvenirs …). A record that does not beat New Zealand in terms of direct benefits. It remains to know the net financial gain from the competition.Those of this edition will not be known precisely until a few weeks, but we know already that they will be affected by 550 million euros spent on building or renovating stadiums, where France had limited its expenses (most stadiums were renovated for the World Cup soccer in 1998). The catastrophe of Christchurch should also weigh on the accounts. In 2007, net income of the competition had reached about 113 million euros, while New Zealand could lose money on this event.

The hearing will be at the rendezvous

The only consolation for the organizers of New Zealand against the semi-economic success: the increasing popularity of the rugby world should not be questioned. About 4 billion viewers (cumulative audience) should follow the matches of the competition.Almost as much as 4 years ago (4.2 billion according to URS Finance and Economics and the International Rugby Board). More than 220 million euros in marketing and TV rights for the event have been sold by the IRB, against only 190 million for the French edition of 2007. The fact is that New Zealand will not see the color of money, revenue from TV rights and advertising contracts falling directly into the pocket of the Board, to fund the global development of rugby.

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Olivier Metzner, remained the only lawyer after a parade of big names in Paris, he prepares the deadline today and this time decided to stay quiet.When the scandal broke, there was much media-presentation, signing, even before his trial, a book, The Gear, memoirs of a trader (Flammarion), in which he denounced "the reality of banking practices."

"Someone basically nice"

Today, thirty years working for a computer consulting firm located in Levallois, near Paris. The boss of this company, expert in court and knowledge of his brother and his first attorney, had befriended the young Breton and had welcomed home after the blast caused by the scandal. "All the people who approached basically found someone nice. He tries to do well in his way. And it's someone you can trust, "assured RTL in 2010 Jean-Raymond Lemaire, his employer.

The scandal January 24, 2008 when Societe Generale announced a record loss of 4.9 billion. Suspicion immediately converge on the trading Delta One desk model that would have concealed astronomical risk positions taken on the markets. At trial, Jerome Kerviel ensures that the bank had encouraged him to take such risks and had then "unwound" these positions in spite of common sense.

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This platform will be closed in mid-November. "The French agriculture is a key sector and must be present in the Presidential debate, said Xavier Beulin, a number of FNSEA. We will ask the candidates to express themselves and engage in relation to our proposals. "

Important themes, four stand out.On the top of the stack, that of improving the competitiveness of French agriculture. It has been deteriorating over the past five years. So much so that France, land of all agricultural production has shifted from first to third place behind Germany and the Netherlands in the field of agri-food trade. Fills a gourmet meal while the French end of 2010 was listed as World Heritage Heritage of Unesco, the Hexagon now imports many of its fruits and vegetables, cheaper to produce outside our borders.

To make France more competitive firm, offers FNSEA implementation of VAT "social antidélocalisation." Its goal: to reduce by at least 30% of the hourly cost of agricultural workers to align with that of its European competitors.A key position when you know that 60% of the cost in this sector, employing 200,000 people, from the cost of labor. Such a measure would cost $ 300 to 350 million euros to the state budget.

To finance it, the future tax soft drinks would not be sufficient. "This requires an increase in VAT terms to be defined. In addition this measure would also apply to imported products as opposed to an increase in the CSG, which again would penalize French farms, "says Xavier Beulin.

Second major issue, increased efforts in research and development in agriculture on G20.With, for example, the introduction of new varieties of animal and plant more to meet consumer expectations.

For a new irrigation policy

The third point concerns the inclusion of the entrepreneurial dimension of the French farm, including the creation of new legal status and accounting standards with the possibility of bankruptcy without affecting personal property.

Finally the fourth theme relates to the environment. FNSEA advocates a new irrigation policy to create water reservoirs to store winter and summer re-use rather than let her go to the sea This implies a reduction of administrative .

FNSEA does not give instructions to vote.The responses of presidential candidates will help farmers, who are no longer systematically acquired the right to guide their choice.

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The FIGARO. – What are your ambitions in terms of audiences for the group?

Remy PFLIMLIN. – The introduction of DTT has weakened the historic three channels and we have two. But France Television is not only judged on the hearings, as specified in the law. However, we must be the first French broadcasting group with our channel France 2, France 3, France 4, France 5 and France Ô. All must remain above the 30% audience share.

How do you explain the hearings erratic France 2?

For economic reasons, summer programs in France two were very different from those of the season. We have spent reruns and a program, "Five tourists" who have gone wrong. We dropped during the day and have paid cash. But with the return, the big appointment with Sophie Davant, Laurent and Stephane Bern Ruquier back.

France Televisions will invest 420 million euros in creation. Where do you get the money?

This amount represents an increase of twenty million euros a year. This is affordable in a cost grid for all channels 2 billion. To finance it, we will make arbitration on purchases and program flow.

You run one hundred new programs.Is it ambitious?

We offer 50 new programs on our five channels and 50 new regional programs of France 3. It is necessary to take risks because we absolutely need to innovate to install in the new period of strong brands as are a French village and more beautiful life.

Where's the advertising revenue?

We have budgeted 425 million euros in advertising revenue for the year 2011 against 440 million last year. In late August, we are still OK and I think we will hold the budget for the year.

You signed a contract with the State and sustain the revenue for five years. All can be challenged after the presidential elections?

We signed a contract objectives and resources with state ownership for five years on the basis of the strategic plan that we presented.For five years, the resources paid by the state are sustained and grow by 2 no teletrack payday loan.2% per year. In addition, our commercial revenues, advertising and diversification, we will be acquired. France Televisions thus acquires the necessary stability to build the company unique and long-term work with the world of creation. The company, the creators, the State and Parliament have an interest in maintaining that stability.

What is the social aspect?

We should sign in the coming days a collective agreement with the 2520 group of journalists and then we will negotiate the provisions concerning the technical and administrative staff, which represents 7,900 people. Over time, wages, hours and qualifications will be harmonized. This will have a cost but an investment that will pay off in productivity and simplified structure.In terms of attrition, which runs until 2012 and on 900 stations, we should see 550 starts, some of which permit and enable the recruitment of new skills including digital.

That represent the digital in five years?

The digital will be involved in the group. We will develop an information platform in November and another sports in spring 2012. Our role is to be an editor own content (information, drama, sport, culture …) that will become a commodity that we will provide all the screens. With the spread of television connected, it will be essential to have strong brands belong to us. Thus, we will not be dependent on American series to be broadcast directly by U.S. companies.

What is your position on the chains bonus?

On principle, I support the diversity of supply. On the economic front, although this is less about France Televisions, I note that many players call for a pause to allow to "digest" the introduction of DTT. With regard to the broadcast standard DVBT2, I have no principled position. But it is certainly worth, at this pivotal time, to ask any questions. For there is the issue of bonus channels, there are new channels announced, there is also the arrival of HD channels available. All this requires a resource that is often valuable, and called a real strategic choice. I look forward to the report of Michel Boyon.

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