Archive for the ‘publications’ Category

A record trade deficit in China

March 11, 2012 - 9:52 pm Comments Off

 

China's growth confirms its moderation. All indicators earlier this year indicate a general slowdown given the Chinese engine. This weekend, China Customs have announced for the February trade deficit of $ 31.5 billion. The most since 1989, according to figures from Bloomberg.

China's demand for foreign goods, raw materials whose economy is greedy, in particular, continued to grow, while the two main trade partners of Beijing, the European Union and the United States, slowing their orders in a difficult economic environment on both sides of the Atlantic. Exports then rose only 6.9% on the first two months of the year, year on year, against 13.4% in December, while imports grew by 7.7% at the same time, against 11 , 8% in December.

China's trade balance continues to play a little yo-yo earlier this year, with the effect of Chinese New Year festivities, which saw disengage almost all plants of the country. But last week, Chinese Commerce Minister Chen Deming announced already that keep foreign trade growth to 10% as in the past would ask "hard efforts".

Inflation sharply down

For it is all Chinese machine out of steam. By last weekend, the National Bureau of Statistics (NBS) showed that industrial production grew by 11.4% over January and February, its lowest level in two and a half years, and retail sales of 14.7 %.

Inflation has never been so low in twenty months. The index of consumer prices rose only 3.2% over one year against 5.4% for the whole of 2011. A figure lower than expected, but also below the target the government set itself for 2012 to 4%. This price moderation should breathe a sigh of relief to more than a senior party. She had become, last year, a major concern of the central government, fearing that it would nourish the social scolds. Reassured, the Chinese leaders could now ease off on their monetary policy and the exchange rate of the yuan.

But the pause early this year by China's growth is primarily seasonal, with the parenthesis Chinese New Year, the central government may wish to wait for confirmation of this curbing of its economy before flowing again . The specter of inflation, which can leave at any moment, has not deserted the minds of Beijing.

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Auto: Made in France does not favor the use

March 7, 2012 - 7:28 am Comments Off

 

General Motors and PSA Peugeot Citroen gradually reveal the content of their historic alliance, which is reminiscent of that between Renault and Japan's Nissan. If such comparisons seem indispensable for international car manufacturers, as the competition is tough, what about in terms of French jobs? "Better buy a Toyota Yaris produced in France, a Renault Dacia produced in Romania," Nicolas Sarkozy launched late January, as an example of the preference to "Made in France" to boost employment in France. Is it that simple? Not in the auto sector, meet Philippe Very and Emmanuel Metais *, professors at EDHEC Business School.

Emmanuel Metais Photo credits: © Hervé THOUROUDE-Mobile: 06 16 29 62 08 – Email: rvthouroude@yahoo.fr

The crisis in the eurozone will cost over 50 billion euros to France

February 22, 2012 - 1:08 am Comments Off

 

Gone is the political consensus that prevailed in France last year about the need to save Greece. Tuesday, the Socialist deputies abstained on two bills used to be validated by France on European Stability Mechanism (SPM). And Socialist senators will do the same next week. With 500 billion euros, MES must nevertheless serve from July, firewall Standing against the sovereign debt crisis in the euro area.

Socialists do not disagree that the SS as the budgetary stability pact European carrier with greater discipline on public accounts. And they consider that the MES and form a pact. This treaty "as it stands today does not provide strong commitment to growth," said Tuesday, Jean-Marc Ayrault, president of the PS group in the Assembly. A position in line with that of Francois Hollande, who wants to renegotiate the December European, to add a section on growth.

Heavier debt

"The refusal of the Socialists to vote MES is a serious fault which shows their bigotry," retorted Tuesday, Francois Fillon before the UMP group. Anyway, the MES should be approved by France, the Assembly, dominated by the UMP, having the last word on a left-wing majority in the Senate.

The MES is the latest tools devised to solve the debt crisis. It will function as the EFSF (European Financial Stability Fund), it will eventually replace: it will borrow in the markets and then help the troubled country. These are the European countries which will mean the MES in equity, to 80 billion euros. France will contribute 16.3 billion by 2017, including 6.5 billion this year. This will weigh down all our debt, which has already reached 1.7 trillion. And this bill is not isolated.

As part of the first aid to Greece decided in spring 2010, France has already lent directly to the country 11.3 billion on a commitment of 16.8 billion euros. Public debt has been weighed down by 11.3 billion.

France will contribute more importantly, valued at 23.4 billion euros, the second Greek rescue plan which should amount to 107 billion euros for euro area Member States. The hex will help the European Financial Stability Fund, which lends to States in difficulties with the guarantee of the Member States. Its borrowings weigh down the public debt. Because of all the commitments of EFSF on Portugal, Ireland and Greece, the French public debt should be weighed down by 38.5 billion. So that the total bill for France's aid to European countries in difficulty should go well beyond 50 billion!

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U.S.: Congress renewed its tax breaks

February 17, 2012 - 7:56 am Comments Off

 

Determined to help the growth, in this election year, Republicans abandoned their zeal for deficit reduction. While the campaign for parliamentary and presidential undertakes November, Republican leaders of the House of Representatives agreed to a compromise that will cost nearly $ 100 billion budget for the current year.

This is extended through December of reductions in social charges weighing chiefly on wages. Some 160 million Americans benefit from this gift, supposed to boost consumption and sustain growth to be too fragile by Barack Obama. The average American will have 80 dollars a month more.

Rise of Barack Obama in the polls

Since December the right wing of the Republican Party, very influential in the House, tried to package this as looking for savings of an equivalent amount elsewhere in the budget.

The Republican retreat is the rise of Barack Obama in the polls thanks to recent signs of improvement in the labor market. He campaigned on the urgency of reducing taxes on the middle classes, while wishing to increase taxes on the rich. Maintaining a budget deficit greater than 8% of GDP this year, and about 5.5% of GDP next year, do not seem to scare the Americans, or on Wall Street, which is found even at its highest in seven months.

Unemployment benefits reduced

The compromise that should be passed by Congress this week also provides a progressive shortening of the maximum period during which the unemployed can receive benefits. It will increase from 99 weeks to 73 weeks now by the end of the year.

The Republicans would rather reduce the period to 59 weeks. In yielding on this point, they got the cost of this measure is funded in part by an increase in pension contributions for federal employees. In addition, the Republicans give up a projected savings in health spending.

The electoral climate that prevails in Washington is so tense that it is likely that once the tax package passed no important legislation can not move forward until December. It was at that time, and after that we know of who emerges victorious in November elections, as important decisions will be taken to respect the timetable set last year in budget savings.

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November 25, 2011 - 9:12 pm Comments Off

On the wire! After spending almost the entire session in the red, the CAC 40 rallied in the very last lap. At the finish he returned 1.23% to 2856.97 points. But on the whole has lost 4.7%. And since the beginning of the year, he left nearly 25%.

Yesterday the market was still tune in slow motion. The trade volume has exceeded painfully € 2 billion on the great values ​​of the Paris stock exchange payday loans. On this day of "Black Friday" in U.S. markets opened for a half session. This day, like every day after Thanksgiving, sounds the start of the race for Christmas Atlantique.Chasse addition to good affairesAprès six consecutive sessions of sharp declines, few operators present at the Paris Stock Exchange engaged in an intense bargain hunting in financials and cyclicals.

November 16, 2011 - 3:44 pm Comments Off

Apple announced Tuesday after the close of Wall Street that the media group's boss Disney, Robert Iger, integrate its board, now chaired by Arthur Levinson, who was one of the leading officials of the board of the group in 2005. These decisions were taken one month after the death of founder and CEO of Apple Steve Jobs. In addition, Apple has opened for the first time Wednesday discussions with advocacy groups accuse the Chinese environmental industry working for the manufacturer of computers and smartphones U no fax needed payday loans.S. large-scale pollution.

The Dell IT group released Tuesday, also after the close of Wall Street, with net income up 9% in the third quarter of fiscal offset to $ 893 million, slightly above expectations.

November 4, 2011 - 8:24 am Comments Off

As to give grist to G20 ministers meet farm late Friday morning in Cannes, the FAO food price index released yesterday registered a sharp decline after months of increases. It stood at 216 points in October, its lowest level in 11 months. "Prices nevertheless remained generally higher than last year and remain very volatile," says to FAO, the UN Food and Agriculture.

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).

October 30, 2011 - 5:44 am Comments Off

At a time when Thiriet just walk on its turf, the company put more than ever on its local image no fax payday loans.

Moody's severe penalties for Spain

October 20, 2011 - 8:16 am Comments Off

The debt crisis in the euro area is growing. After Moody's threw the trouble on the debt rating of France, the rating agency has put his threat for Spain. Following in the footsteps of Standard and Poor's and Fitch, the rating agency lowered the credit rating of the fourth largest economy in the euro area by two notches to "A1" instead of "Aa2".

Moody's, however, shows more severe than its competitors. She attributed to Spain's fifth best mark where Standard and Poor's and Fitch gives it their fourth best. Moody's and depriving the country of the issuer status for high-quality issuers to the rank swallow solids but may be affected by changes in economic conditions. Like its competitors, the rating indicates the rating of Spain could again be lowered to medium term faxless payday advance.

To justify its decision, the agency said that "Spain continues to be vulnerable to market pressures" that economic growth should reach only 1% at best in 2012 (and not 1.8% as the Moody's previously thought), and that it "will make it more difficult to achieve the ambitious budgetary targets" of the country. Moody's also kept a "negative outlook" rating on the Spanish because of the "risk posed to the country for worsening of the crisis in the euro area."

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The "outraged," Anatomy of an unstructured movement

October 15, 2011 - 5:48 pm Comments Off

On May 15 the "outraged" Spaniards camped in the square of Puerta del Sol in Madrid. Borrowing their name to the pamphlet by Stephen Hessel, they said they were inspired by the Arab Spring to shout their rebellion against the explosion of unemployment and austerity policies implemented by the government … Since then, the challenge has been extended in the rest of Europe but also overseas. Five months after the birth of the movement in Spain, in 82 countries is that these "outraged" will show this Saturday, October 15. Zurich to New York, to Rome, Tijuana, Hong Kong and Johannesburg, calls have been launched in 951 cities worldwide.

Their message to politicians and financial elites, as can be read on the site 15october, is: "The powers that be working for the benefit of some ignoring both the will of the majority that the price human and environmental we pay. This intolerable situation has to stop. "On the site of the movement Occupy Wall Street, the tone is the same:" The thing we all have in common is that we are the 99% who will not tolerate any longer the greed and the corruption of the remaining 1%. "In Italy, the program is summarized as follows: "Occupation of public places by millions of people who do not want to pay the enormous economic and social crisis in the place of those who have caused: political power industrial, economic and financial" .

No central authority

This day of action is to cross an important milestone in the movement, which now acquires an international dimension. "It was needed to make weight against the power of financial markets that operate on a global scale," says Sophie Banasiak, "indignant" Paris.

However, there is no central body to coordinate the different actions. "If the collective Democracia Real Ya played a leading role in the initial mobilization in Spain, he does not prevail, either in the capital of the country or world, Heloise said Nez, a sociologist at the University Paris 13.Many groups are working together, but none have hegemony over the movement horizontal and egalitarian aims. There is no visible head and outraged caregivers to regularly change the voice online pay day loans. "

"If someone asks you 'who is behind it', they reply: 'I'" retorted on those who seek the organizers. The spread of a city or country to another must be spontaneous, for emulation. A process greatly facilitated by social networks, where multiple keywords are emerging, such as "yeswecamp", "# yosoy15O", "# event15oct" or "# Globalrevolution" … "I do not even know exactly who launched the idea of ​​the October 15, recognizes Spyros, OccupyLSX supporter of the movement in London.We have seen that call for Saturday and it was inspired by the movement Occupy wall street to do the same thing here. "

Specific demands of each country

If dissatisfied with the world found common denominators, claims and complaints are divided again according to national issues. In Spain, Real Democracia Ya accent has been on the reform of the electoral law to end the two-party system as well as stopping the evictions of indebted owners. In Anglo-Saxon countries, it is mainly finance, pointed as responsible for the crisis, which is targeted. Witness the names of the movements that develop, "Occupy Wall Street" and "Occupy London Stock Exchange (OccupyLSX)." In Israel, the mobilization is the expensive housing while in Italy, the outraged refuse to pay "a debt they have incurred."But all these central issues do not prevent each protester to express other concerns. In Spain some point impunity surrounding crimes of Francoism and the United States is denounced police brutality or the death penalty …

Above all, each city retains its autonomy: information flows globally, but "decisions, they, are taken at meetings in every city, Banasiak said Sophie. Each city chooses its own way of decision. In Paris and Madrid for example, is the consensus. The international dimension does not change the fact that the essence of the movement is local: it is in the physical encounter and dialogue in the streets. "

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