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Jamie Dimon is a unique pattern in the world of finance. Sometimes called the "King of Wall Street," he seeks to understand all the various trades practiced in the banking group. 56 years old, this little-son of Greek immigrant who grew up in the borough of Queens continues to personally analyze weekly piles of numbers. His direct involvement in risk management has served throughout his career. For sooner than the others sensed the danger coming, and insisted on lending policies and investment more conservative than his rivals, he is credited with the fact that JPMorgan Chase has not experienced a single quarter in the red for the subprime crisis.

If he knows all areas of finance, is that this son of a broker was to mentor Sandy Weill, a legend on Wall Street. After graduating from Harvard Business School in 1982, Jamie Dimon declines an offer from Goldman Sachs and prefer to become assistant Sandy Weill, then at American Express. It will be at the forefront when Weill will lead an obscure finance company, Commercial Credit Company in 1986. Weill will use it to build an empire by a series of acquisitions. Primerica, Smith Barney, Salomon Brothers, where many firms Dimon has made his mark under the control of Sandy Weill.

But it will tire of the ego of his protégé in 1998. He dismisses rather than make his heir as head of Citigroup, the new and the first universal bank in the United States. Jamie Dimon immersed himself in reading, takes boxing classes in the spring of 2000 and accept the direction of Bank One in Chicago. He reorganized the large regional bank and merged with JPMorgan Chase in 2003, at a time when the giant New York is weakened, among other things related to Enron pay day loan lenders. Jamie Dimon savors revenge on Sandy Weill: it accesses the management of a large universal bank at a time when his former mentor was ousted from the leadership of "Citi".

In the first line

His smile and his habit of interrupting his interlocutors annoy many people. But Jamie Dimon is respected because it handles the best financial institution in the United States, present in all areas of finance, banded with solid capital, and often more profitable than its peers. Both internally to the press, analysts, regulators or politicians, he preaches transparency and do not hide behind circumlocutions. A relative who followed him from one bank to another for years said: "It's stronger than him, he can not help telling the truth." …… ..

While banks are unpopular and accused of all evils by senior politicians, Jamie Dimon takes a stand to defend his profession. He personally leads and the fight against re-regulation of many activities: how it will oversee consumer lending limitations taxable deposit banks that invest in the market, Jamie Dimon speaks publicly, while his colleagues let their lobbyists in the first line.

Democratic voters have always had supported Barack Obama in 2008. He preached at the time, for a pragmatic modernization of financial regulation. But the virulent rhetoric of the White House against Wall Street now seems to him unjust and angry.

A potential policy holder should always study their life insurance quotes carefully and all terms contained within them should be properly understood before any final decision is made.

Research in Motion (RIM) launched Operation Last Chance. The Canadian group yesterday presented a prototype of the interface it wants to develop its next smartphone called BlackBerry 10, scheduled for the end of the year. Great break with previous phones brand, there will be more keyboard, the main element that differentiated the BlackBerry of its major rivals.

RIM programmers gathered in Orlando, Florida for its annual meeting and gave them the prototype of its operating system so that they begin to develop compatible applications. A specific series of video games is also being prepared by the publisher Gameloft.

The group, which saw sales of its BlackBerry decline from 25% last quarter, hopes its new interface will help him return to the market to compete with the leaders, Apple – former direct rival of RIM today ahead – and Samsung phones side, and operating systems, Apple and Google holding 80% market share.

The new RIM will also be used by the tablet group, Playbook, whose sales have failed to take off since its launch. Models include the keyboard will continue, also, to be produced.

The announcement of the Canadian group has in any case, not to enthusiastic markets. The action of RIM fell 5% on Tuesday afternoon in Toronto.

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It is ultimately the advertising that comes out of TF1 winner of the tender conducted by Al-Jazeera Sport for its channels and Bein Bein Sport 1 Sport 2 which should emerge in the coming weeks.

The Qatari group launched its bid in March and France Televisions, Lagardère, TF1 and the Amaury group competed for the contract.

Advertising TF1 finally won just days after the distribution of matches of Euro Foot 2012 and 2016 between Al-Jazeera Sport for all games and TF1 and M6 in 19 games for free TV.

The links between the first private channel free and Qatari sports channel, inbound to the new pay-TV market, is growing.

In his bid Al Jazeera demanded a minimum guarantee, which will prove invaluable in the early months of the launch of Bein Sport 1 and 2, which have not yet many paying subscribers. 

Al-Jazeera Sport had stated aim at the target of men 25 to 49 years, a target perfectly complementary to that of the TF1 channel aimed rather housewives under 50 years. The contract is also based on a consultant's study to estimate that in France Greenwich 3 million people would be willing to take a subscription to a sports channel profile corresponding to those of the Qatari group business cards.

"Your heart beats to the rhythm of sport"

To specify the color, the paper book as the signature strings: "Your heart beats to the rhythm of the sport." Moreover, the tender would encourage candidates to consider two perimeters market. One very large if the offer of Al-Jazeera Sport is broadcast on all platforms, including CanalSat. The other narrower, if the strings are set only by ADSL operators: Bouygues Telecom, SFR, Orange Free. However, no details were given in terms of audience expected. Finally, the Qatari group wants its advertising strategy is cross-platform and affects both its channels, its website that its mobile applications.

According to one expert, advertising revenue channels Al-Jazeera should be included and remain marginal "to the maximum between 3 and 5 million euros." What suggest, according to some relatives, the management contract could be a prelude to broader alliances.

Experts have not yet returned their verdict about the seriousness of the situation on the gas platform of Total in the North Sea. But analysts have already whipped out their calculators and trying to measure the cost of the incident for Total and stakeholders. The range of estimates is very wide: it extends to the French oil group, 150 million dollars (113 million) to $ 10 billion (7.5 billion euros) in case of explosion of the platform.

In all cases, it appears that the bill implied $ 16 billion (12 billion euros), deduced from the fall of Total shares on the stock market, is largely overestimated, says Societe Generale. "A loss of over $ 7 billion (5.3 billion euros) for Total (which holds 46.2% of the platform) seems particularly severe," wrote analyst Societe Generale. The impact on production will remain relatively moderate and the final cost in a worst case scenario hardly exceed the amount implied by the Exchange.

150 to 200,000,000 dollars

To try to guess what the final bill of the incident, calculate how much is the cessation of production from the platform evacuated Sunday at midday. According to CM-CIC Securities, the daily loss would rise between 10 and 15 million. "For Total, one can estimate a minimum cost of 150 to 200 million dollars in the best case (limited to two weeks off) or even more if the situation were to persist for several months' advance CM-CIC Securities. The shutdown could last from six months to a year, according to various analysts. An official of Total recognized that blockage could last up to six months.

$ 10 billion in case of explosion

The bill also depends on the solution proposed to solve the crisis. Exane BNP Paribas, estimated that operators of the platform may have to dig two relief wells, each costing about $ 44 million (33 million) direct payday lenders. Remains a possible explosion on the platform would jump costs for operators. The bill could reach 7.5 billion according to analysts at BofA Merrill Lynch. This amount includes the loss of deposits and the platform (about 2.8 billion euros) and nearly $ 1.5 billion to clean up environmental damage, but excludes any fines.

Analysts agree on one point: this incident, which involves gas and not oil, will not scale environmental or financial cost of the oil spill in the Gulf of Mexico in April 2010. The operator of the platform involved in this disaster, the oil BP, had to set aside $ 37.2 billion (24 billion euros).

Between 100 and 200 million pounds less for Crown

Stopping exploitation of the Elgin platform in the North Sea could also have an impact on … tax revenues of His Majestys. "If the site remains closed door for six months, this could result in a revenue loss of between 100 and 200 million pounds (119 and 238.4 million euros)," David has calculated Tinsley, an economist at BNP Paribas . This amount, compared to 43 billion pounds collected by the British state in 2011, does not include any costs of cleanup. The invoice is not limited to the tax shortfall. British production, already amorphous, could also be slowed, says the analyst, who concluded that the country's growth could even be reduced by 0.05% in the second quarter.

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Since the beginning of the year, France can count on a new ambassador in U.S. supermarkets: the Teddy Bear Marshmallow. The chocolate confectionery iconic Cémoi, which this year celebrates its fiftieth anniversary, was called "So Pretty" across the Atlantic. She will seduce children and adults in Canada and the United States. They currently represent a drop from the 400 million Bears produced annually in the plant Villeneuve d'Ascq.

"We ask our pawns in North America, says Patrick Poirrier, CEO Cémoi first chocolatier in the Hexagon with his trade supplier to brands (MDD), who made last year 750 million euros of turnover. We have there an approach to French fashion products. In three years, we increased our sales by 30%. "If Cémoi not realize yet that 35% of its turnover abroad, it counts including the United States to accelerate.

Focus on Africa

The company, based in Perpignan, which is 900 million euros in turnover by 2015, will open next month an office in New York. He intends to take advantage of the recent development of MDD in the chocolate sector and leverage its brand. There, Cémoi – which adjusts its revenues in each country – relies on its truffles, which are a little Eiffel Tower on their packages, and its dark chocolate ranges, a fast-growing segment on which there is still little Deals in North America payday loans. For now, we deliver from our ten factories located in France, "says CEO, grand-son of the founder, who does not rule out making acquisitions in the United States.  

Other fast-growing region for three years, the Eastern Europe (35%), which represents nearly 10% of total production. "The increase in living standards, particularly in Poland, where we have a factory of industrial products, driving growth," said Patrick Poirrier.

In emerging markets, Cémoi prefers to pass his turn now in Asia, having suffered a failure in China in the 1990s. Instead, it set course for sub-Saharan Africa, where he bet on population growth and economic take-off, and its historical presence in Côte d'Ivoire through a processing plant. "We're going to floor on small packaging and on basic products such as chocolate spread," said Patrick Poirrier.

Finally, while the cocoa supply will become critical to the future (it will take one million tonnes in the next decade), Cémoi strengthens its role on the upstream. For two years he sells beans to other chocolatiers, tired of going through middlemen or traders. A new market for Cémoi, which now boasts its presence in the entire chain.

As part of the Post found hanged at his place of work on Sunday in Finistere, Brittany, had documented his act. In a dossier of account, minutes of meetings, videos and audio recordings, man details his charges against the company. This is the second suicide in the Breton Post in ten days.

In the documents left behind, under forty, married with two children, due in particular that it "considers the hierarchy of the Post (all levels) to cause (s) has lost their bearings." "For over three years, I feel an eagerness, a desire hierarchical cornered me," says the executive who had been off long illness since November.

"Let me go"

"Let me go, it's my choice," he says in a document circulated by SUD. In a note called "My Requests", in which he says refuse any resuscitation, be prepared to donate organs and calls for burial "in family privacy" without "any representative of the corporate hierarchy, or other message the same hierarchy. "

In another note called "Appendix", he asked whether a pension for his family is' likely ',' getting that (s) are desperate gesture is reclassified as industrial accident. "

Among the documents, is also an email to the CEO of the Post and Jean-Paul Bailly dated March 11, the day of his death but not sent. In this mail, whose purpose is "SOS", the framework itself "back to the wall." He considers that his "career is over at the Post," saying fear, "in the best case," a shelved. "That's twice in less than six months that I prepare my suicide," he wrote.

"Everything was prepared"

Patrick Campion, SOUTH delegate in Finistère, said in the email sent on the day of his death to trade unions, he said it had "left other documents home" to the CGC, CFDT, CGT and SUD. He said he had recovered these documents Tuesday.

"We were given a shirt, a pocket where everything was prepared. In these documents included a series of letters, minutes of the account of interviews and two CDs, one with videos and one with lots of other documents, including audio recordings of conversations he had with his superiors "said Patrick Campion. For Blanchot Regis (SUD), these documents, in which part "explains how the Post has destroyed" prove the link between drama and work. The unions will ask the qualification of this accident as suicide.

A HSC held Wednesday at Vannes has voted to recognize this act as "accident service" and the cessation of ongoing or planned reorganizations, said the unions and management. In a statement after the meeting that lasted all morning, the unions also state that the HSC is to "use a certified expert on the effects of reorganization and managerial pressures."

Finally, unions and management announce "stop all ongoing reorganization and future direction of the e-Western Brittany (Morbihan and Finistère) until the publication of the findings" of the various surveys and assessments.

After Jeremy Bouan, chief executive of 28 years, has defenestrated in Rennes on 29 February, an investigation was initiated by the committee on health, safety and working conditions (HSC) La Poste de Rennes. Two others are being conducted by police and labor inspection.

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Ikea home would be particularly well guarded! The furniture manufacturer has indeed established a spy system to know all of its employees but also customers, reports the Chained Duck. The French subsidiary of the Swedish group would have indeed been to monetize files of the National Police through International Private Enterprise Security specializes in security.

The satirical newspaper reproduced a series of explicit emails between the Director of Risk Management Ikea France, Jean-Francois Paris, and leaders of companies specializing in the collection of private data. One of these letters entitled "Subject: SITIC agreement" proves that the Swedish group has obtained sensitive information and theoretically reserved for the national police. In fact, the Stic is a file held by the police that gathers information on all individuals involved in an offense (the alleged perpetrators and victims) and stopped by the police. However, the CNIL has seriously challenged the credibility of this information. But no matter, the company did not hesitate to purchase this file in exchange for remuneration comfortable. On the issue of private company: "What you propose of more and better than 80 euros per consultation equivalent to those of ICST? I wish you a happy Christmas, "the risk manager at Ikea responded to a scathing" Sold! ".

Union representatives have claims

The exchange also demonstrates that Ikea France has regularly asked the security company very precise information on its employees or customers. Thus, Ikea has asked pharmacies Security: "No one in the store hires Paris Nord. Thank you for his locker. " Another application of the group: "His speech is anti-globalization and methods' old guard CGT" (covers his ears and keep repeating the same thing about his achievements) fast cash. Unionism? Profile is not too far from his lady. Various proselytizing? ATAC or other? Risk of eco-terrorist threat? ". The group also sought to take note of vehicle registration, driver's license, or the mobile operators. Customers were not spared by these unscrupulous practices of espionage. The group has investigated its customers including commercial litigation cases.

And employees have to defend well. Yassine Yakouti lawyers and Sofiane Hakiki will defend the interests of union representatives who have claims. The microphone of France info, including Yassin Yakouti emphasizes that it is "a unique case in France." The question is how society Sureté International was able to obtain the secret files of the police.

Only certainty, the information could harm the reputation of the furniture giant that boasts its management ethics. The model has however been shaken repeatedly. Latest event this summer employee of a store located in Virginia, United States, denounced a "dignified management of plantations." And after the publication in 2010 of a book on the shock group, which denounced the methods of management but also put under surveillande these employees, the new French case might still make waves.  

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After Guadeloupe and Mayotte, it is the turn of the meeting to fight against high prices. If measures to lower gasoline prices and basic commodities were announced, anger persists. According to figures from INSEE, in 2010, prices were more expensive by 12.4% in Réunion in the mainland. A difference that amounts to 14 saving account payday loan.8% in Guadeloupe, and 16.9% for Martinique. In Guyana, where the price differential is highest, this amounts to paying twice the tax: a basket of goods (including rent) money is 19.6% higher than in metropolitan France.

Investigation of spatial comparison, INSEE.

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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