Of the 260 million hours a week lost in the labor market between January 2007 and December 2010, some 92 million, over a third were employed in domestic work and child care. These figures come from the annual survey of the Federal Administration (Bureau of Labor) on how Americans spend their days.

Before an audience of cultural professionals, including the French publishers, Nicolas Sarkozy returned to the increase of 1.5 point in the reduced VAT rate on the physical book to bring it to 7% from 1 January cash advance america."Paradoxically, this increase protects the area because all professionals have realized that it was in their interest to contribute to the effort to reduce deficits." But the head of state immediately announced a good news that has filled editors: "From 1 January, we will apply the reduced VAT rate of 7% on digital books, because there is no reason that the same cultural property should be taxed differently if it is on a support physical or digital. I hope the Commission will not oppose this initiative. "The alignment of VAT rates between the physical and the digital book (currently taxed at 19.6%) is the culmination of a struggle of several years.

Buoyed by the performance of large U.S. companies, the market will also confident about the progress of the sovereign debt crisis in the eurozone as EU leaders have pledged to agree on a solution by Wednesday. Sunday will begin a crucial summit and Paris and Berlin have announced that Nicolas Sarkozy and Angela Merkel will hold talks in Brussels the day before to prepare an "ambitious and comprehensive response" to the crisis.Concrete measures will be considered Sunday to be adopted during a second peak "no later than Wednesday."

Discussions will focus on how to increase the capacity of the European Financial Stability Fund (EFSF), but also on the rescue of Greece. Meanwhile, in Greece, the anti-austerity continues. A new law has been de rigueur in the Greek Parliament voted Thursday. This Friday night, the euro area has announced its approval of the sixth tranche of aid to Greece scheduled in the first rescue plan adopted last year. Remains the green light from the IMF co-finance the loan.

Summit high risk in Europe

For many observers, however, profound differences remain between France and Germany. "There is no joint proposal" European at the moment, has acknowledged Thursday the German Finance Minister Wolfgang Schäuble.For his part, President of the European Commission Jose Manuel Barroso called on Europeans to "compromise" to reach decisions "resolved" and "immediate."

Another failure might further undermine investor confidence in the ability of Europeans to fight effectively against the debt crisis. They would now have a highly sensitive situation at the G20 to be held in early November.

Pressure rating agencies

Rating agencies are increasing the pressure on the euro area. After Moody's, S & P raised doubts about the AAA rating of the long-term debt of France.The agency suggests a probable degradation of notes France, Spain, Italy, Ireland and Portugal according to economic conditions.

On the macroeconomic front there was no major indicator not on the agenda of U.S. investors no credit check payday loans.

On the foreign exchange market, the euro lost ground to 1.3893 dollars against 1.3772 dollars on Thursday night. Oil prices ended in a disorganized after rising following the announcement of the disappearance of the former Libyan leader Muammar Gaddafi. The barrel of "light sweet crude" for December delivery gained $ 1.33 to 87.40 dollars on the New York Mercantile Exchange. On the week, won 60 cents per barrel.In London, a barrel of Brent North Sea crude for December delivery lost 20 cents to 109.56 dollars on the Intercontinental Exchange (ICE).

Earnings rise for McDonald's and Microsoft

The side of values, General Electric (-1.92% to 16.31 dollars) announced Friday that it saw its net profit rise by 18% in the third quarter to $ 2.4 billion, in line with market expectations and announced an increase to rely on double-digit earnings per share in 2012.

Verizon Communications (0.86% to 37.42 dollars) recorded a profit in the third quarter of $ 1.38 billion, against 659 million (23 cents) a year earlier. The turnover registered at 27.9 billion against $ 26.5 billion over the same period a year ago.

Honeyell (5.82% to 51.28 dollars) has announced a 45% increase in net profit in the third quarter to 862 million.

The world's leading fast food McDonald's (3.72% to 92.32 dollars), reported a net income above expectations at 1.51 billion dollars against 1.39 billion a year earlier.

Schlumberger (-0.90% to 67.38 dollars), worldwide leader of services to the oil industry, announced a profit lower than expected in the third quarter, with $ 1.3 billion (96 cents per share) against a , 7 billion ($ 1.38 per share) a year earlier.

After the close Thursday, Microsoft (0.44% to 27.16 dollars) issued for the first quarter, revenues of $ 17.4 billion, up 7% year on year. Net income reached 5.74 billion, up 6%, while earnings per share rose 10% to $ 0.68.

Capital One Financial (6.94% to 43.29 dollars) issued for the third quarter net income of $ 813 million against 803 million last year and 911 million in the second quarter.

Note also, from Monday, October 24, the company Groupon, which specializes in online distribution of discount coupons for shopping in local markets, should do its IPO on the basis of a valuation from October to December billion. However, it is far from the capitalization of 15 to 20 billion, of which Andrew Mason, founder of the company was still dreaming in June.

Six weeks ago, Canal + gave a big kick in the PAF, announcing the surrender of the two Bolloré DTT channel Direct 8 Direct and Star. The next day, Jean-Marc Morandini, "Mr. Media" commented one of Europe experts with the likely impact of this acquisition on the programs of the chain. A question for Jean-Marc Morandini in the first place, since officiated in five years on Direct 8, where he now presents two programs: "Morandini!" A daily talk show for over an hour on the media , released at 18:45, and the issuance of news items "Presumed Innocent", which aired twice a month in prime time. "I do not know if I fear this change, because we represent a large portion of the hearing of Direct 8. This week, "Presumed Innocent" Live 8 was passed in second place of DTT at 20:45. It all depends on what Canal + will do just that chain.At the moment, I do not know, provides the facilitator. We'll talk when the time comes but for now I'm not too worried, unless they really want to make a very different line, with only series and sports for example. "

If "Presumed Innocent" to beat his record of the hearing Tuesday, with 3.3% market share, and 804,000 viewers on average (with a peak of 1.17 million), the hearings "Morandini," have had difficult to take off since September. Since September, 400,000 fans of the media follow him on average every end of the afternoon, against 700,000 at the best of the previous season. "We fumbled a little early because we had stayed on the trend of last year which was that every time we talk about reality TV, audiences explode. There was a real demand from viewers. This is not the case this year.People are perhaps a little tired, the characters are somewhat less charismatic, so we changed our tune after fifteen days. We have invited less oriented "people", with a little more background, "explains Jean-Marc Morandini. With the approach of a major electoral event and in a context of crisis, the facilitator discusses the need to provide more information than entertainment, "People want programming where we learn something and not just where people come to their show. "

"Very advanced negotiations"

Present since 2003 in Europe 1, Jean-Marc Morandini also inherited at the start of a new installment for its "Grand direct media." The program now starts 90 minutes earlier at 9:30 for an hour of news media. "It was a request on my part, I would even begin to comment at 9 o'clock live audiences.This is the best time to issue a media: early to react immediately to what happened in the evening and be the first to provide information that can be. " The first audience figures on this new box should be available in mid-November.

Jeanmarcmorandini.com creator of the site, the host is present on three media. Still owns the site, however, it is entered in "very advanced negotiations" with Bolloré Media for an equity stake in the site. The facilitator explained that he had several proposals for acquisitions, but said he had "never sought to sell it." The time seems appropriate, while jeanmarcmorandini.com, long time near monopoly in its field, is now closely followed by new entrants.Last May, the site Pure Media (formerly Ozap), with 1.02 million unique visitors came to tickle its approximately 1.25 million unique visitors per month.

And to justify his choice, he evokes the editorial freedom of the likely new shareholder. "The site needs to move to a higher stage. The interest for me is that Bolloré Media is in print. And the group will separate its channels. I go to them will be in an independent and not be bound to talk about television. " It is likely that the proximity to his current employer (up to the finalization of the sale of Live 8 on Canal +) also facilitates the transaction. The moderator believes that it should be signed in the next two days, and states that retain editorial control of the site.

"All the Buzz Media

Concerns about the hypothesis of a failure of Greece are likely to weigh even the morale of investors, like those of Asian stock markets on Monday. Friday and Saturday together in Wroclaw, Poland, EU finance ministers have decided to postpone their decision in October on a loan of 8 billion euros in Athens, pending the outcome of a "troika" of the state progress of promised reforms.In addition, they have made little progress on the second aid plan for Greece, nearly 160 billion euros including the private sector, pledged in principle last July 21. Greece should show its good will, while his government is accused of delay in implementing measures to reduce the deficit. This Sunday, Athens has announced in the wake of new economies to reassure its European partners.

It must be said that in Europe, solidarity with Greece began to annoy the majority of people. Evidenced by this poll Ifop for Sunday Ouest France, which states that 68% of the French disapprove of the increase in French contribution to the rescue of Athens.And while "divisions" have emerged among governments and the European Central Bank, as noted by Timothy Geithner, U.S. Treasury Secretary, on the sidelines of the meeting of European finance ministers that he was invited .

To fill a deficit in the U.S. To this must be added the concerns about the U.S. economy, which pose a risk to global growth. Markets await including many of the plan for the use of 447 billion dollars of Barack Obama. The U.S. president, anxious to see his program pushed by Congress, has called this weekend to support the Republicans, to avoid "dead end". Moreover, he warned the Americans Saturday that they would provide "pull their weight" to reduce the country's budget deficit, while the United States must find 1.2 trillion dollars in savings by the end of the year.Thus, Barack Obama will propose to Congress Monday a tax on the income of taxpayers earning over a million dollars a year.

Analysts and investors are also awaiting a meeting of the Federal Reserve on Tuesday and Wednesday on interest rates in the United States. The feeling now is that the U.S. central bank will launch a new version of "Operation Twist" program to exert downward pressure on interest rates over time. Such a prospect would be a tasteful for scholarships, especially as the Fed pledged to keep rates low until mid-2013 at least.

Macroeconomic side, Great Britain, the Financial Times this fall could be a gap of 13.8 billion euros in public finances, or 25% more than expected.Such an amount would extend the austerity policies adopted in Britain.

United States, the NAHB housing index will be released in 16 hours.

On the foreign exchange market, the euro appears sharply lower at 1.366 dollar (-0.94%) on Monday morning. Oil prices are also in the red in Asia, with uncertainty about the U.S. economy and the delay in the euro area in the management of the Greek crisis. In early electronic trading, a barrel of "light sweet crude" for October delivery gave up $ 1.12 to 86.84 dollars per barrel of Brent North Sea crude for October delivery gave 81 cents to 111.41 dollars .

Values ​​to follow

• Banks

Societe Generale, Credit Agricole and BNP Paribas will be particularly scrutinized by investors on Monday.Doubts about their strength threatens the economy by depressing household and pushing companies to delay their hiring and investment, analysts and professionals. French banks have agreed to exchange more than 90% of Greek bonds they currently hold in the second aid package to Greece decided in late July, said Friday the Minister of Economy, Baroin.

• EADS

Qatar is interested in buying Daimler a 7.5% stake in EADS, according to the enactment of Der Spiegel Sunday.

• Technip

The group said it had been awarded by a contract Petobras provision of basic engineering and detailed design for a new fertilizer complex to be located in Uberaba, in Minas Gerais, Brazil.

• Sanofi

The pharmaceutical giant said Monday it has obtained from the American justice the right to maintain exclusivity until August 2012 U.S. sales of Eloxatin, a drug against colorectal cancers.

• Natixis and Saffron

The bank released the CAC 40, replaced by the industrial and technology group, previously listed on the SBF 120.

• Airbus

The European aircraft manufacturer will present its global market forecast to 2030 in London.

LE FIGARO. -What is the project founder of LinkedIn?

Reid Hoffman. – I always look for broad trends. When I started to think of LinkedIn, in 2001-2002, I saw two. The first is that the world of work is changing. Around the world, lifetime employment is disappearing and every individual is responsible for developing their own skills, in a connected world. The second was the rise of the Internet. Result, LinkedIn is the platform that allows each person to develop itself to show who she is, she works with, access to other experiences and skills.We are still at the beginning of the implementation of this vision. For now, people see the opportunity in LinkedIn to stay connected with others and find experts. It is not yet to the point where people question the means to invest in themselves, become more efficient. Today, everyone googlise names and everyone can be found on Google. What people do not realize is that they can ensure that what the first track of their professional profile.

How do you change the world of social networks?

The existence of other networks has been good for us. But people still think they choose to participate when we are already in a networked world. The question is: how will we navigate intelligently in this world? Today, Facebook is the barbecue in your garden. Twitter is the equivalent of the media.LinkedIn is the desktop. There is room for other networks but it has to offer is both broad and unique. There are broad categories such as religion or sports that are not occupied. I think there will be a big player that we do not yet know who will emerge within five years.

You see Google + as a potential competitor?

+ Google is a good social product. The question is: how will he differentiation? It is not yet a competitor of LinkedIn. It could go in that direction but it is not safe. To serve the professional market, it must be specialized. LinkedIn Today provides information to industry sources. A circle with your co-workers does not go into this level of specificity.Moreover, the context is important: what do you see on your screen?

What do you think valuations of Internet companies today? Is there a bubble?

Valuations are a sensitive issue. This is the net worth based on what we think is the future. My view is that social networks are fundamental phenomena that will change the world, yes. But with regard to the numbers, I let the markets decide. There are bubble if the prediction is bad, but I argue that change is very deep.

These networks generate data and make business. Is not this a problem?

In the case of LinkedIn, the use of data turns to the advantage for our users. There is no question of location of Internet users or photos of their children but rather to know what skills are likely, and so on.Users can not feel taken aback by the use of data. When you have a technological transformation, people fail to recognize that transparency is good for them massive. Surfers will discover that to move towards more openness and transparency is beneficial for them. We are often asked about our practices and always act quickly. Must maintain confidence.

LinkedIn helps determine business strategy according to their recruitment. This can be problematic vis-à-vis their competitors?

When a company publishes a job, it puts as much detail as possible to attract the best profile. We can already draw a lot of information of such data. But we must look at the return: a company wants us to know in which area it recruits to form the best teams.For investors, this can also be good to know in which direction it goes. So there is more value to be open and transparent. Finally, for us, the interest of the individual will always pass before that of the company. We want our users to have a positive experience.

Personally, you are investing in numerous start-up early, including Facebook and Zynga. What is your strategy?

I look at three things when I invest: market places that inspired me to invest in newly-Airbnb, networks, Zynga is a network of games and platforms-as Shopkick. It is also important that there is no conflict of interest with my work at LinkedIn. So I'm on the board of Zynga, but not Facebook.This is useful in that I see common trends on both sides, parallels that are used for my investment as my work at LinkedIn.

Where do you come the next big technological breakthrough?

I closely monitor the field of open source hardware.

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The Europeans hoped "a dialogue between friends," the Americans had "no arrogance." Las. With the destabilization of markets and growing concern on both sides of the Atlantic, the U.S. Treasury Secretary, Tim Geithner, could not resist lecturing his seventeen counterparts in the euro area gathered Friday to Wroclaw (Poland).

The relief provided by five central banks – including the U.S. Fed – banks in the euro area will not long concealed the absence of concerted policy response to the crisis. On behalf of the Europeans, the President of the Eurogroup Jean-Claude Juncker declined projects Tim Geithner, citing "differences in approach with our American colleagues."Treasury Secretary, he has put his finger where the euro hurts: he publicly expressed concern "of the conflict between governments and the European Central Bank," a week after the sensational resignation of the Chief Economist of the ECB .

Barack Obama's America, soon launched a presidential campaign, fearing a collapse of Greece, a contagion to European banks and a possible fracture of the euro area. If the crisis deepens, it is the U.S. economy would suffer the backlash, shock reverse of that which had hit Europe after the collapse of Lehman Brothers in 2008.

The first message in Washing-ton is to push the Europeans to speak with one voice and act decisively. "Governments and the Central Bank should work together (…) to avoid catastrophic risks for financial markets," said Treasury Secretary.And he insists, denouncing the cacophony that destabilizes the common currency: "Everyone should also abstain from loose talk about the end of the euro area." Targeted: the proponents of expulsion from Greece …

Denial of a tax on financial transactions

The unprecedented invitation launched by Poland – host country because currently presiding the EU – Timothy Geithner had anything to embarrass, in turmoil, the finance ministers of the euro. We saw Baroin host the head of U.S. Treasury of a strong handshake in Wroclaw. But the Euro has carefully kept at a distance. He has not formally participated in the circle, but a "preliminary conversation" about an hour. Contrary to custom, he did not sent to journalists.To tell his truths to Europe, he preferred an audience of bankers in another part of town.

Some did not take gloves to say that Europe has no lessons to learn. The United States, collapsing under the deficits should put their own house, says the Belgian Didier Reynders. "America has nothing to dictate when the person refuses flatly our suggestions," added the Austrian Maria Fekter. It is true that Tim Geithner repeated Friday his opposition front to the tax on financial transactions carried to Paris, Berlin and Brussels.

Decisions deferred

For the second time in eight days, Treasury Secretary left Europe empty-handed. Friday, the Europeans have made a face at her suggestion to "leverage" means the EFSF, the bailout fund for countries of the euro in difficulty."This is not a subject that is discussed with a country outside the EU," Jean-Claude Juncker meant. Same end of inadmissibility of the American idea of ​​supporting the growth of public funds "even a donkey does not stumble twice on the same stone, 'says Didier Reynders, convinced of the urgency to fight first against the deficits.

For the Americans as to Europeans, the European event in Wroclaw ends with a disturbing sense of incompleteness, even for emergencies. The Eurogroup has pushed to mid-October a decision on payment of 8 billion euros to Greece. He did not reach an agreement on guarantees that Finland requires Greece.

More surprising number of taxpayers potentially affected by such a tax do not hesitate to ask now open! American side, the billionaire Warren Buffett has called this week for a contribution of "mégariches."In France, Maurice Levy, chief executive of Publicis Group and president of the Afep (French association of private companies), wrote in his name, an article in Le Monde, where he considered it "essential that the effort Solidarity begins with those whom fate has spared. " All indications are that it will be heard as the French government pledged last spring to introduce a tax on high incomes. "Today we are working on the issue of remuneration is said sometimes extravagant," reiterated on Wednesday on Europe 1, the budget minister, Valérie Pécresse.

The majority has already noted last year from 40% to 41% in the final tranche of IR. But this time it is hit with higher incomes (the final installment begins 71,000 euros in annual revenues). And this without creating a new rate of IR.While some lawmakers, like Senator Jean Arthuis centrist, still defend the idea, Nicolas Sarkozy is opposed to any new slice. Since the fall, the government has consistently rejected in Parliament every initiative of his majority to create a slice with 46% annual earnings per share in excess of 100,000 euros.

A million or 150,000 euros of income a year?

The Ministers of Economy and Budget has established a working group of parliamentarians who must propose measures in the fall, in the 2012 budget pay day loans. The idea of ​​the executive, initially was rather taxing high incomes via the company by making non-deductible from corporate tax wages above a certain level. But the government now seems to favor a direct taxation at the household level, a solution advocated by many parliamentarians.Gilles Carrez, the UMP rapporteur of the budget in the Assembly proposes to introduce a contribution of 1% to 2% of annual revenues in excess of one million euros.

Advantage: All income is affected, including dividends and capital gains, not just wages (as with the non-deductibility). The threshold of 1 million French can target very easy – 30,000 homes would be affected. "The measure must be a symbol. This is not to bail out of the state, "said Jerome Chartier, UMP du Val-d'Oise. In fact, 2%, the new tax would yield only 300 million (against $ 1 billion for the portion eg 46%). "Be careful not to pour into demagoguery and rich hunting. The contribution must be calibrated, "adds Philippe Marini, UMP rapporteur of the budget in the Senate.

Problem: all members do not see it that way.Pierre Mehaignerie, the UMP president of the Committee on Social Affairs in the Assembly hopes that the contribution applies from 150,000 to 200,000 euros in annual income for couples and 80,000 euros for a single. At this level, more than 300,000 homes were affected, including many executives. "I understand that. But our people are ready to make an effort if, at the same time, the state reform, "Pierre defends Méhaignerie. The animated discussions ahead in the majority!

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Above all, it will be the first public Angela Merkel, back from vacation, since the revival of the crisis.Angela Merkel and Nicolas Sarkozy "are among the few political figures on which the fate of the euro, the EU and Europeans," says the German newspaper center-left Süddeutsche Zeitung, adding that French President 's 'prepares to live the most important week of his career. "

The markets expect a lot of European leaders. Some analysts point to the inadequacy of the means used to protect the euro area at a time when the first signs of a contagion is observed in Spain and Italy. The European Stability charge to lend to countries in difficulty, and would not have sufficient financial resources to save Italy as if it fell before it, Greece, Ireland and Portugal.

Pooling of liabilities

Investors, but also the European Socialists are calling for the creation of "Eurobonds", which would sign the pooling of public debt in the euro area. If this had been established, it would have prevented the current crisis, said Saturday the Italian Finance Minister Giulio Tremonti. Berlin is officially fiercely opposed, saying it would amount to finance the deficits of the least virtuous of the euro area. But the government no longer opposed Eurobond "to preserve the euro area" as a last resort, reports the conservative newspaper Welt am Sonntag quoted a government source no fax payday loans.

The Franco-German summit is unlikely to provide definitive answers on these two subjects.The German Finance Minister Wolfgang Schäuble has dampened the hopes of the most optimistic in an interview published this weekend in the German magazine Der Spiegel: "We left there: there is no pooling of debt and no help to the infinity. There are support mechanisms, as we continue to develop, under strict conditions. "His French counterpart, Francois Baroin, for his part said he was working on" a convergence between France and Germany "about to a tax on financial transactions.

Most stubborn

The German government is already struggling to push through the reforms agreed at the EU summit on 21 July. In parliament, the majority balks, cooled by a public increasingly distrustful towards the euro. Angela Merkel's allies, the liberal FDP, and require strong counterparties in exchange for their support."With us there will be no blank check for the redemption of bonds of other countries" (a measure of support to countries in difficulty decided July 21) warned Sunday the leader of the FDP Rainer Brüderle. He wants a limit on the debt be written into the constitutions of all countries in the euro area, as is the case in Germany.

A sign of the tensions within the majority of Angela Merkel, President of the Bundestag, the upper house of German parliament, is reluctant to adopt reforms in the euro area in a timely manner by the government. "The subject is so important," he "will surely be impossible to pass it between 20 and 23 September," he said. One more reason to be anxious for the markets.

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For the first time, the prime minister has agreed to weigh the tax burden with a "solidarity tax" on higher incomes. According to leaks distilled by the social partners, this contribution could rise to 5% for every € 10,000 for employees earning over 90,000 euros, and 10% in excess of 150,000 euros. Self-employed workers earning more than EUR 55,000 will be taxed at 41%. However estates and housing will remain free of taxation.A single tax of 20% will be charged on income from capital, currently 12.5% ​​against and 25% of bank deposits. The introduction of fiscal federalism will be early in 2012, the government hopes to make them more aggressive fight against tax evasion us fast cash. The bill payments in cash will be severely restricted. A single municipal tax will also be created.Finally, the Economy Minister Giulio Tremonti said, in an interview with representatives of regional and local authorities, that the government intended "to reduce the number of provinces (departments)" and "consolidate the common" – today the number of 8000.

Heavy sacrifices will be required to Italians in particular with regard to the welfare (social services and family) who will suffer next year the bulk of the effort (about 20 billion euros) all levels of social assistance and transfers to local governments will be affected. However the Northern League had opposed the cuts, pensions will be spared. Women in the private sector will be encouraged to continue working until age 65, or 7 years older than today.

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