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Households eligible for the allocation of the new school will have received today. The family allowance were announced in early August that this financial boost to low-income families would be paid to the beneficiary households between 19 and 21 August at the latest.

Last year, about 5 million children and 2.8 million households had received this benefit, an average of 300 euros per child. "We do not yet know the exact number of beneficiaries, because some families must provide proof that they will have to re-entry. But a year on year, this figure varies very little, "says one to the National Family Allowances Fund (CNAF). In 2010, the CNAF had counted only 600 beneficiaries over from the previous year. A few weeks ago, Roselyne Bachelot noted that it had mentioned the figure of 4.6 million recipients.

Increase of nearly 7% of the cost of school

In 2011, the allowance for school was revalued by 1.5% to reflect inflation. Depending on the age of the child eligible under 18 if in school, the aid received varied from 284.97 euros to 311.11 euros per year. But the annual increase covers only a small part of the rising cost of school.

According to the Association of Family France, it rose by almost 7% since last year. For a student of the sixth, the only school supplies back to around 187 euros. Involved, the general inflation of around 1.9% a year in France, and the sharp rise in prices of raw materials, pulp and paper in particular is currently selling at record prices.

The race against time for Christmas toys began. The year 2011 is not easy. In addition to the rising price of raw materials, manufacturers and distributors must manage an additional constraint: the implementation, since July 20, the new European directive on toy safety. This significantly strengthens the requirements. So, in laboratories and offices, the list of requests made to the standards continues to grow … "The timing is not ideal compared to year-end holidays," says Stéphane Azoulai , Vice President Lansay.

The new directive, which replaces a text dating from 1988, strengthens the regulation, including through improved product traceability. Each toy must now be accompanied by his "identity card".Which identifies the entire production chain, from raw material origin to the name of the toy factory where it was manufactured. As for the 'CE' (European Community), it must be printed directly on the product or its label and not only on its packaging.

"The goal is to enable consumers to find out where the toy," says Serge Milon, toy expert at SGS, the world leader in inspection and certification. Mistrust has indeed increased in recent years, the list of suspect products (cadmium, phthalates …) have ceased to grow.

The Directive also takes into account the changing attitudes of children. The markings were made more accessible by using shorter sentences and more punchy ("choking," for example).The new text drummed cards especially among manufacturers, distributors and importers in an area where more than three quarters of the products are manufactured in China. The responsibility for quality and safety, is now shared paydayloan. It no longer lies only to manufacturers.

An implementation guide accompanies the 150-page directive to allow decoding risk analysis, monitoring records … If some importers or distributors may prefer a blind eye to the origin of a particular toy, they could now show zeal. Some will have to conduct additional inspections. "This is monstrous files to provide our clients, Stéphane Azoulai sorry.Some signs are up again test the toys in the laboratory. "

Advantage given to European manufacturers

The cost of the new standards, up from 10% to 20%, also changes the game. It takes 1,000 to 4,000 euros per product, depending on its level of sophistication. Products stored for more than three years must also board safety tests. "When 150 references, it starts to do a lot!" Stéphane Azoulai plague. "These high costs lead us to limit the depth of our range, adds Thierry Bertoux, CEO of Jemini, the French soft toys and furniture for children. It is easier for a multinational company to amortize these costs over several million pieces. "

Some companies have chosen to transform their organization to adapt to the regulations.At Lansay, one person was previously in charge of standards and procurement. A team will soon be established.

If it is more restrictive, the new regulations, however, gives a competitive advantage to European companies, "insofar as it creates barriers to entry," said Thierry Bertoux. "Making cost could lead to compromise at the expense of safety, says Serge Milon. It is a way to make quality and safety of products up by applying best practices. "

Apple becomes the world's largest "portable" across all categories, ie, taking into account both PCs and tablets. The Apple brand has sold 13.6 million against 9.7 million laptops for HP, relegated to second position. Apple has a performance to 10.7 million iPads that have been sold worldwide in the second quarter. 65% of this market.

In the past three months, sales of tablets exploded 400% to $ 16.4 million, while those of notebooks have eaten 2% to 48 million copies. "The growth of the market shelves beginning to be at the expense of laptops," said Richard Shim, analyst at Display Search Senio, thus justifying the merger of these two product categories in the studies.

And behind the two market leaders, the battle continues.Acer has recorded the largest decline, with sales volumes plunged by 12% in one year. The Taiwanese are heavily penalized by the failure of his tablets. However, Samsung and Dell posted the best gains, with growth of 44% and 33%.

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Rain of bad news and stock prices in free fall: the equity markets reconnect with painful memories of that week. The day after a heavy fall session, the Paris Bourse continued to tumble Tuesday. The listing of the CAC 40, which was no longer available since 9:56, due to technical problems with NYSE Euronext seeks to determine the cause, took over around 1:35 p.m.. To 14h, the index was down 1.19% to 3762.10 points. The Paris index is so close to its lows of the year (3,696.56 points on March 16).

On other European markets, some markets reduced their losses: Milan fell by 0.50% in mid-session, Madrid from 1.47% and the London Stock Exchange fell back to 1.55% and Frankfurt 2.09 %.

On both sides of the Atlantic, countries are faced with concerns about the level of debt.In the eurozone, fears of contagion from the debt crisis, with Italy in its sights, spread. European finance ministers are trying to reassure the markets and say they want to "preserve the financial stability of the euro area" and "resist the risk of contagion" said the head of the Eurogroup Jean-Claude Junker. But after a meeting that had at a crisis meeting, the central bankers do not scaffold new plan. A lack of concrete severely punished by the markets. I

They however expressed their readiness to increase the size of the Emergency Fund financial.They are also considering a "lengthening of maturities of loans" made to allow more time for countries struggling to pay to reduce the interest rates of loans to Greece.

Meanwhile, the Portuguese economy expected to contract by 2% in 2011 and 1.8% next year, partly because of the austerity program that the country has committed to implement in exchange for financial assistance international, according to new forecasts from the Bank of Portugal.

And the problem of sovereign debt is a concern across the Atlantic. The U.S. president, however, has indicated a willingness to compromise, particularly on reducing the budget deficit.

As a result, the euro accentuated its losses against the dollar Tuesday, falling to levels seen for four months.Around 11:00 in Paris, the single European currency was worth 1.3930 dollars against 1.4029 dollars the night before.

Inflation and rising Livret A

The consumer prices in France rose 0.1% in June as in May, according to the National Institute of Statistics, an increase that has immediately led to an increase of 2 to 2.25% rate remuneration of the Livret A. Prices over the year were up 2.1% (after + 2%). Excluding tobacco, the increase is the same.

Rising prices of consumer goods in supermarkets rose 0.4% in June, after rising more pronounced 0.7% in May, INSEE said on Tuesday in a statement. OPEC will release today the release of its monthly report.In the U.S., we know the trade in May (1430) and then comes the publication of the minutes of the last Fed meeting (20 hours).

Banks in trouble

The sharp fall of the European banking sector marked a break in the late morning Tuesday, but this improvement technique does not dispel investors' fears of contagion from the debt crisis in Italy or Spain. A Credit Agricole, which fell nearly 5% to 2.33% leaves the opening in mid-session, followed by BNP Paribas which yields 1.32% and Societe Generale was down 0.92%. For his part gleans Natixis 0.40%. The conclusion was the same in Europe with a major Stoxx European banking shares down 1.39% against 5% at the close Monday.

Carrefour lost 3.56%.The group met with a setback in Brazil: the government no longer supports the project Carrefour to approach the local distributor Pao de Acucar, while the Brazilian National Bank for Development has agreed to support the funding. The transaction is challenged by Casino, already a partner of Pao de Acucar, which opposes the merger of the latter with its rival.

The title of the French car rental company short Ucar evolved sharply down on Tuesday for his first day of trading on the Paris Bourse, in a context of very difficult market due to the crisis in the eurozone. At 12:00, Ucar lost 5.31% to 14.1 euros.

In addition, Christophe de Margerie, CEO of Total (-1.8%), was "summoned" to Bercy by the Minister of Economy, Baroin. The goal is to take stock of the evolution of fuel prices. "A study published by Le Parisien suggests that oil tankers are quick to pass on price increases at the pump, which is less true for the declines.

Vivendi (-1.35%) may waive the tax Consolidated Global Profit, writes Les Echos newspaper Tuesday.

Publicis (-1.25%) announced Monday the acquisition of a controlling interest in the advertising agency DPZ, based in Sao Paulo.

Bull after falling 1.52% expressed the signing of an agreement with Carmat, designer of artificial heart, for the development of equipment for carrying artificial heart. And that's the whole electronics sector that folds.

For its part, the title of his new partner earns 7.83%, to 183.10 euros, having announced Carmat a capital increase of EUR 25.5 million.The operation is primarily intended to fund clinical trials in humans and manufacture of prostheses, for a first commercialization in 2013. The total artificial heart specialist has also submitted its application for authorization of clinical trials with the French health authorities (AFSSAPS). If approved, Carmat realize the first implantation in humans before the end of the year.

A consortium of six companies led by EDF EN, a subsidiary of EDF (0.43%) Monday formalized his candidacy for the tender that the French government has launched for offshore windEEN has partnered with Dong Energy, Nass & Wind Offshore Poweo ENR, wpd Offshore and Alstom.

Icade announced the signing of a put option for the purchase of seven clinics belonging to the private hospital Medi-Partners for $ 233 million.

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While Christine Lagarde is the favorite to head the International Monetary Fund, his two rivals try to put a spoke in the wheels. The Governor of the Central Bank Israeli Stanley Fischer, freshly candidate initially put forward his training as an economist, which he said is "essential" to lead the organization in Washington during a crisis. The Minister of Economy and Finance has followed a career as a lawyer. "You need an intellectual framework," he said in an interview Monday in The Wall Street Journal. He added that there was "great in the past director of the IMF who were not politicians."

For his part, another rival of the Minister of Economy and Finance, the Governor of the Bank of Mexico, Agustin Cartsen, regrets the perpetuation of the domination of Europe on the position of boss of the IMF since 1946."There could be a conflict of interest between the IMF and the European Union if the French Minister of Economy Christine Lagarde was taking the head of the institution," he said business cards. We would have a situation where borrowers dominate a creditor institution. I think it's a problem that must be addressed. "

Carstens sees Christine Lagarde elected

This did not stop to see the Minister of Economy and Finance elected. "The chances for Christine Lagarde of getting elected are very high. I am sure she will make a good CEO, he told a conference at a research center on international economics from Washington, the Peterson Institute. This does not prevent him from criticizing a victory for Christine Lagarde he considers almost gained.

As for Christine Lagarde, she tries to gather as many supporters, including the United States that have not yet made their choice. They are however allowed to compliment Agustin Carstens, deeming it "highly competent". While the name of the future director of the IMF must be known by June 30, the fight promises to be full.

LVMH invited the General Assembly of Hermes and is a sensation. With its 20% stake acquired last fall, the group Bernard Arnault has publicly responded to very hostile statements by the family heirs of Hermes. Through the voice of his vice-president, Pierre Gode, the second largest shareholder of Hermes tried to convey a "message of peace" after six months of conflict.

The meeting was opened Monday afternoon at the Palais des Congres de Paris, in a further demonstration of muscle vis-à-vis this new shareholder. After his interview Monday in Le Figaro, Bertrand Puech, spokesman for the families Hermes, repeated his charges on "a series of aggressive moves against our house started to weaken and destabilize.""I want to say how pleased I am shocked at the methods used against our people and our families to invite them to join a company with which we are universally hostile." He once again reiterated the commitment of the family "who wants to keep control of the jewel."

At the opening session of questions, Pierre Gode has seized the opportunity to "denounce the trial of facts to LVMH for" with "force if not violence." The right arm of Bernard Arnault said LVMH's position in the capital of Hermes was "perfectly legitimate what anyone says," and that "in no case it can not be questioned." Bertrand Puech had asked the group Monday to sell half its stake. "LVMH has invested at Hermes for the long term and not meant to be a passive shareholder but not a shareholder activist and active but peaceful."As evidence, he pledged to vote on resolutions proposed at the meeting. He also assured that LVMH had never tried to destabilize Hermes, which would be "madness", "absurd" and put "anyone challenged to provide any evidence." "It is my hope that the bickering stop artificial, baseless and fruitless," he said.

The heirs of Hermes and officers have received more than freshly intervention. Ironically, Bertrand Puech has "taken note" of this "new era". Already tense, the atmosphere is therefore became somewhat rough. A small shareholder speaking then laid a new charge against LVMH and her boss, described as "predatory," "cynical" and "disingenuous." This has pushed back its representative, who asked officials at the meeting to maintain order and prevent about "defamatory".The meeting was also marked by the attempt of another individual shareholder, Patrick Repplinger, to deprive the family of Hermes voting rights because of its proposed holding heritage together a majority shareholding which, he said , amend the Control of Capital. This shareholder, whose application was rejected, is already causing an appeal against the decision of the AMF to authorize the project.

Ingenico is a giant step into the world of contactless payments. The world's leading payment solutions announced on Friday its participation in the Google Wallet, presented yesterday by the Internet giant. This mobile application allows mobile users to pay at once, by housing credit card information in their phone or powering a prepaid card, but also enjoy special offers from merchants, and validate cards fidelity.

"Our common payment solution will transform the traditional payment terminals to an outlet into a true point of care and thereby improve the purchasing for consumers," says Philippe Lazare, Ingenico's CEO in a statement."This new solution will allow consumers not only pay with the electronic purse but Google also benefit from a range of value-added services," he adds.

For Google, this partnership makes sense. With an installed base of more than 15 million handsets worldwide, Ingenico has a large strike force. The French group will therefore support its customers' in the implementation of the electronic wallet based on its new generation of terminals Telium secure. "

At the Paris Bourse, investors welcomed the news. Around 9:30, the track takes off from Ingenico 5.39% to 32.25 euros on a market up 1.28%. He signed the largest increase in the SBF 120.

Ensuring security

In addition, Ingenico, Google has partnered with Mastercard, the bank Citigroup and First Data encryption specialist.The application they offer is only for smartphone Android, including Nexus S designed by Google, equipped with an NFC chip, which transmits the data bank without contact. To finalize their purchases, customers will get their phone while in the merchant's payment terminal. Security level, the application will be locked by a code and the system will be disconnected whenever the screen is off. In case of loss, a call should be enough to disable all the payment function.

With geotagging, merchants partners will alert consumers bargain of the moment. These can be transferred with one click on their phone to benefit at the time of payment. Google will receive a commission on sales, as is already done community sites Facebook and Groupon.In contrast, the Internet giant would levy any commission on the payment themselves.

Google Wallet, currently in testing, should be accessible to mobile users in New York and San Francisco this summer, before an extension to the entire U.S., then Europe and Asia.

Welcome to the "era of Mo Lo

While the experiences of contactless payment multiply without achieving truly convincing, Google hopes to attract consumers and merchants to the technology. "This is a problem of the egg and the chicken. We plan to present convincing arguments that people are getting into, "said Osama Bedier, head of payments at the Internet giant. "We believe that 2011 and beyond will be the era of Mo Lo: Local trade with the Mobile Internet," says Stephanie Tilenius con side, Google sponsors activities related to trade.Google estimates that in 2014, less than half the mobile phones will be equipped with chips to transfer data without contact.

With this application, the Internet giant will gain valuable information on the consumption patterns of mobile users. Like the merchants who benefit from a powerful marketing. But fears about breaches of privacy might just be the main obstacle to the development of this technology.

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The prospects of a new drug from Sanofi darker. Marketed in France since October 2010, and reimbursed at 65%, the treatment of cardiac arrhythmia Multaq may no longer be reimbursed in France. The Ministry of Health will decide in coming weeks.

Following severe liver failure diagnosed in the Multaq users in Germany and the United States, the Transparency Commission launched a process of reassessment of the medical benefit (SMR) by this treatment and issued end April 1 project a negative opinion, according to La Tribune. If the final notice of this proceeding is unfavorable, the drug will logically be delisted.

Previously, however, a hearing requested by the laboratory of Sanofi will defend his product.Health authorities should also expect that the European authorities, leading in turn to a study on the risk-benefit ratio of Multaq, vote before taking sides.

The delisting in France of one of the few new drugs Sanofi – the Multaq is on the market two years – would lead to a sharp drop in sales. However, this treatment is not essential for laboratory, industry watchers nuance. "It is designed for uncommon diseases, its development and launch were complicated and it is unlikely, anyway, to become a blockbuster, that is to say a drug generating more than one billion in sales, "said one of them.In the first quarter of 2011, the Multaq reached 63 million euros in sales in 29 countries including the United States and key European states, Sanofi said.

Few new treatments

The laboratory has tricolor few new treatments to market quickly alongside Multaq. Its pipeline of only three drugs pending approval of marketing and a dozen products in phase 3, the last stage of clinical development. In addition, most of these treatments are not very innovative, because they are made from molecules that have been used by Sanofi. Chris Viehbacher, Director General of the sixth world laboratory, then put on activities other than drugs from traditional research.

Among the pillars of growth: emerging markets, animal health, self-medication, vaccines or diabetes.All areas which have contributed in 2010 more than half the turnover of the pharmaceutical group. Will be added in 2011, the potential of the U.S. biotech Genzyme acquired earlier this year.

Lefigaro.fr – Moral and household consumption in U.S. economic growth and lowered down. Yet financial markets are up sharply since the beginning of the year. How do you explain it?

Francis Mouté – The morale of Americans is not really half-mast. They are even more optimistic, despite rising gasoline prices. Getting back to your question, several factors explain the rising trend of U.S. exchanges: the zero interest rate, the excellent corporate profitability, liquidity held by many investors, the tension on the bond markets. U.S. investors have no other choice but to invest in the shares.

U.S. companies generally show very strong first quarter.What should we expect for the second quarter?

In the first quarter despite soft U.S. growth, U.S. companies that have operations in Europe and around the world have benefited from a favorable currency impact, due to the sharp decline in the dollar. We are more cautious on U.S. equities by the end of the year. We believe that the ticket of green should stabilize or even rise against the euro. And then this exchange will not make a favorable economic growth will remain weak.

What are the priority sectors?

Our portfolio is structured in the context of sluggish growth and high inflation. Thus, we are overweight the oil companies, gold and agricultural products.While rising oil prices do not impact the market price of oil companies due to additional costs (staff, investment, energy) and the next taxation imposed by governments, but the shares remain attractive valuations.

Despite what the President of the U.S. central bank, Ben Bernanke, the dollar remains weak. Is there a risk of the dollar crisis?

Certainly, but the weak dollar also arranges the U.S. for their growth. Hear the Fed saying otherwise is a joke. Given the depreciation of the dollar as investors rush to protect assets such as gold or real estate. U.S. monetary policy remains too loose. The proof is that interest rates are zero in the short term, while inflation is at 2.7%. Ben Bernanke's speech Wednesday was disappointing.Financial markets were expecting a change in language from the last meeting. It is clear he has not changed one iota. He merely found a decrease in growth prospects and rising inflation. Ben Bernanke does not surely expect that U.S. growth is still too soft.

The end of "quantitative easing" * In June he announced a hot summer in the financial markets?

It is not certain. On the one hand, doubts remain about the ability of the U.S. economy to get by without the injections of liquidity of the U.S. central bank (900 billion), which still represent almost 60% of the U.S. budget deficit. Secondly, financial markets know the conditions of release. So do not expect a collapse of financial markets from June.

The continuation of measures to support the U.S. economy is feasible?

Everything will depend on U.S. growth in the second quarter and oil prices. If the upward movement of black gold will continue, U.S. growth will remain sluggish in the second quarter. At this point, anything is possible including further measures to support the economy. The proceeds from maturing U.S. bonds held by the Fed, could thus be used to finance the acquisition of new Treasury bills. Conversely, if U.S. growth in the second quarter is high, the Fed will end its policy accommodation and financial markets will adapt.

The "quantitative easing" Is not the only way to revive the U.S. economy?

The "quantitative easing" is not in any way to revive an economy but to inflate the balance sheet of the Fed.The U.S. central bank can not indefinitely pursue a lax especially when we know that the debt of the United States own more than 30% by foreign investors. If monetary policy remains accommodative for too long, the risk of a bond crash is inevitable but by default support the equity markets. The U.S. financial situation is not very strong. Degradation by Standard and Poor's at the prospect of debt the U.S. is justified. However, the fact that the rating agency has dared to tackle this "monument" that are the United States, is surprising. So much so that the equity markets and bonds do not much mind. Investors do not believe a country like the United States may be degraded. They make it too confident for that.

* The "quantitative easing" (QE) is a monetary policy used by some central banks to increase money supply by increasing the excess reserves of the banking system.

Second consecutive year of decline for the Nintendo group. The Japanese video game specialist has published annual results on Monday in freefall. Its net profit fell 66.1% to 77.6 billion yen (648 million). Its operating profit tumbled 52% to 171.1 billion yen (1.43 billion euros) in respect of the 2010-2011 year ending 31 March. Figures well below market expectations.

These poor results are explained by the slowdown in sales of the Wii home console blockbuster, but aging of Nintendo. The group has sold just over 15 million in 2010-2011, against 20.1 million the previous year. In addition, the launch of the new handheld 3DS relief was too late to be able to save the year of manufacturer.

The console manufacturer table for 2012 on the results up, but below analysts' forecasts.Nintendo says count on an operating profit of 175 billion yen for the year 2011-2012, against a consensus of 215.8 billion yen. "The market reaction should be bad," said Yusuke Tsunoda, a financial analyst at Tokai Tokyo Securities, quoted by Bloomberg. "Sales of Wii expected to drop as the group probably provides lower prices on the console."

"New Play"

The Japanese video game giant has tried to reassure. He announced the presentation of the successor to the Wii on June 7 at the electronics show in Los Angeles, E3. The group declined to give details, except that it will offer "a new way of playing at home," said CEO Satoru Iwata.

However, information already leaked to the press.Much more powerful than the Wii, it would be equipped with high definition, like its competitors Playstation 3 and Xbox 360. The Japanese group have also developed a new kind of controller, which is akin to a touch pad. One way to compete with smartphones that break into mobile video games. Nintendo's portable console, the DS has seen its sales plummet by 10 million units this year to 17.5 million.

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