"The PMI data are currently consistent with a negative growth rate (of about -0.5 or -0.6%) for the third quarter," that is the beginning of a recession, worries Jack Kennedy, economist at Markit. The French government, which still formally table a growth of 1.75% in 2012, suggested Friday that it has revised downwards this goal.

The contraction in activity has particularly affected the service sector. He has recorded its sharpest fall for 27 months, 46 points, against 51.5 in September. The industry is not much better.Despite a slight improvement, she underwent her third consecutive month of decline, to 49 points against 48.2 the previous month.

"The impact of European debt crisis may be felt on the real economy," says Jack Kennedy. Markit Economics and recorded "a further decline in confidence in the services sector." "The growing uncertainty surrounding the evolution of the economy leads in fact companies to revise downward its business prospects to twelve months, the optimism of the service providers also display its lowest level since April 2009" , notes the Institute for Financial Studies cash advance flexible payments.

Very little sign of hope for a quick turnaround the economy, companies have seen a decline in the volume of new business, "the highest in almost two years," notes Markit Economics.Especially in services, providers are concerned about "the largest decline in new contracts since July 2009." In industry, the decline in sales is that alarm. A trend in both export and domestic market.

Slowdown in Germany

The slowdown in activity is not only France, but also German industry. For the first time in two years, the PMI for the sector fell to 48.9 points in October, against 50.3 in September. Unlike the Hexagon, however, services are able to climb out of the area's 50 points marked a growth in sales, to 52.1 points, 49.7 points against the previous month.Overall, notes Tim Moore, economist at Markit, "uncertainty about the euro area largely explain, according to the companies, investment reports and cuts in non-essential spending."

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A complicated solution found in a recent study conducted by Microsoft, but which was made possible in Marne-la-Vallee as decided at the design center and the business district.

5400 tons of CO2 emissions and less

According to Dalkia (a subsidiary of EDF and Veolia), prime contractor for the network, the central heat in the atmosphere will save 5400 tons of annual CO2 emissions compared to a gas boiler. The computer center, a "bunker" of 8000 square meters dedicated to extend over 25000m2, is owned by a bank that prefers to conceal his name, as these "data centers" are critical buildings.The bank, according to Jean-Philippe Buisson, finance the heat exchanger, about 10% of the total investment of "several million". The remaining 90% are devoted to the distribution of hot water and sub-pumping stations.

The bank will sell its heat to Dalkia under a contract of twenty-five years, which will allow a return on investment. This district heating and hot water will return to green about 8 cents per kilowatt hour for customers. It's "a little cheaper than electric heating, notes Jean-Philippe Buisson, a little more expensive than gas heating, but with one advantage: price stability," while gas is still pegged to the oil .In addition, for the consumer, this clean is eligible for the 5.5% VAT.

Dalkia is exploring the possibility of recovering heat from data centers in other neighborhoods or new neighborhoods eco France.

No rebound in early trading, then, this Monday on Wall Street, while Moody's said Monday it could, too, by 2013 reduce the debt rating of the United States if the budget outlook and economic deteriorated significantly.But she considers it possible in the meantime a new agreement in Washington to reduce the deficit.

At the time of the opening of Wall Street, stock markets around the world a little stung the nose: the Sao Paulo Stock Exchange fell 4.5% at the opening in Moscow, the RTS lost more 5%, while oil prices fell at the opening in New York, MICEX and yielded 3.58% to 1530.11 points. Featuring Dax index lost 3.07% to 6045.71 points and the MDAX plunged from 5.47% to 8635.11 points at the same time.

Menu macro loaded, with the FOMC in dish

This week, the lower macroeconomic indicator to take the pulse of a threatened U.S. growth will be expected to turn to investors.

Tomorrow, the productivity of U.S. companies in the second quarter and will be scrutinized closely.The risk is to see it getting more than expected, resulting in a logical breakdown of the job. Consumer confidence is also on the menu. But the final communique of the Monetary Policy Committee of the U.S. Federal Reserve (FOMC), from that Tuesday night will go to the most crucial.

Analysts and investors are wondering already if further monetary easing, (3 or quantitative easing "EQ3") can get out guaranteed payday loan. Unless it is an aid to banks, which could begin to experience problems of interbank liquidity, which is preferred. "In all cases, the reaction of short-term market is very uncertain …" says it does at Aurel BGC.

Friday, retail sales will be the second major economic meeting a week at high risk on financial markets worldwide."The sales figures published by the values ​​of the S & P 500 were clearly disappointing July, underline in this respect analysts Aurel BGC. But the report shows significant employment job creation in the distribution. A figure that looks very uncertain. " The trade balance in June should also be well attended.

Oil falls below $ 84 a barrel

Within the scope of the damage U.S. oil drop 3.67% to 83.69 dolars to 15.30. The euro, it is worth 1.4174 dollars (-0.81%). Gold, still he climbs to record highs, more than 1700 dollars.

Disney, Cisco and Sara Lee publish their results this week

Meanwhile, the business side, the publications of interim results are less numerous and can only remember very little attention to markets, obsessed by the European and U.S. sovereign debt.Walt Disney (-2.16% to 34.42 dollars) reveal particular accounts on Tuesday, ahead of Cisco in the matter and News Corp (Wednesday) and Nordstrom, Sara Lee, and Kohls (Thursday), and finally JC Penney ( Friday).

American International Group (AIG: -3.94% to 24.11 dollars) continues Bank of America (-6.61% to 7.63 dollars), calling him more than $ 10 billion (7 billion euros) losses related to mortgages, it said in the text of the complaint. According to this document, which Reuters obtained a copy, AIG believes it was misled by the bank about securities backed by mortgages, which caused losses. The insurer wants to sue Bank of America to the Supreme Court of the State of New York in Manhattan.

In the camp of indignation, Ségolène Royal and Arnaud Montebourg topped. To say, the former candidate of 2007 was even offered the platform of the press room of the Rue de Solferino, usually reserved for the party's spokesman Martine Aubry or when she was first secretary function. The PS has made available to candidates for the primary means of its head, and still continuing the campaign, Ségolène Royal has given her a highly formal intervention. "This agreement lifejacket.We close the gaps, "she was outraged by asking managers to make decisions this summer on four issues: the establishment of a European sovereign fund, the appointment of a" commander in chief against crisis financial, "the prohibition of speculation and reform of credit rating agencies.

Arnaud Montebourg same tone in which denounced the "four unacceptable defects" of the rescue plan, including the fact that in his view, the risk of contagion to fragile states is not halted. Arnaud Montebourg also regretted that the banking sector is spared and that the plan "wrongly perpetuates the obsession with austerity."

"Strengthening the political union"

Candidate also the primary PS, the head of the Radical Left, Jean-Michel Baylet, lamented that "the vicious circle of speculation" is not halted.Just under back, François Hollande found the agreement "late" and "inadequate", while acknowledging that it was "necessary." "Like nothing lasting has been hired, we remain vulnerable and therefore much remains to be done," assured the former first secretary of the PS.

Finally, the most moderate responses came from Martine Aubry and Manuel Valls. While denouncing the weight of the rating agencies and regretting that it took to reach an agreement, "offer guarantees costly for Europe and Greece," the mayor of Lille called for "building the Government the euro. " Previously, the first secretary of the PS, on leave from his position, had welcomed the agreement between the leaders of the euro area."We had the Greek people, we were in Europe," she explained in a statement.

Also playing on the line of responsible political leader, Manuel Valls, for his part welcomed the agreement. "Put up against the wall, the heads of states of the euro area (…) are finally out of the inaction of the past few weeks," he said. But the deputy mayor of Evry has also called for further, to "establish a political action settled, peaceful and sustainable in order to strengthen the political union and the challenges of economic globalization."

These hopes were not disappointed. The official announcement has fallen American Airlines places order for 460 Airbus A320 aircraft with 260 and 200 Boeing 737. This is a record contract in the history of aviation from AMR. Even better, some 365 options on Airbus against Boeing's 100 for those raised. This is a turnaround in favor of Airbus fleet since the American company did not count any European aircraft since 2009."Airbus Boeing enters a pure client, there is a 'mix' Neo A320 and A320, which responds to the risk of cannibalization between the two devices," said Yan Derocles, an analyst at Oddo Securities.

The options are for delivery in 2025, while orders already confirmed will be made within two to eleven. So far, Airbus continues its momentum in the Paris Air Show. Indeed, in June, two historical controls had already been reached: the Malaysian company Air Asia going contract for 200 copies of the Neo-A320 for a total of $ 18.2 billion, while Indian IndiGo in seeking 150.

The A320 shares to glean Neo 737

Strategically, American Airlines hires a phase of renewal of its fleet and intends to reduce its fuel consumption.In fact, the company looks to new generation aircraft, whose engines are designed to consume a minimum of oil. Airbus, the A320 Neo meets this requirement and just walking on the toes of the Boeing 737 Next Generation, delivered since late 2010. Neo The A320 should be available by 2015. American Airlines will be the first U.S. company to deploy this aircraft.

However, the amount of the order was not disclosed, while the company saw the amount of its net loss increase during the second half of 2011, reaching $ 286 million more than estimated by analysts. In addition, the suspense continues as to the entire command must pass Air France KLM during the summer. She will choose only European aircraft? Stay tuned.

* Number of passengers / km, according to IATA.

LE FIGARO. – You present Monday, there, your future based in Marseille. Why is this project so important for Air France?

Pierre-Henri Gourgeon. – This project is both innovative for our customers – they will be surprised, you see – and for Air France: the audacity this time is on our side. To understand this, it is necessary to realize the context in which this idea was born. In 2009, the company and its employees have taken a huge blow.The crisis came suddenly after several happy years for the company. We lost 20% of our revenue in one year, our cash burn and losses widened. It was very scary. The staff were awaiting a response. And thanks to an intense dialogue, without taboos, we have undertaken several major actions – including the freight. This project bases province was possible because Air France is out of his conservatism, and especially the face-to-face meetings between management and unions that the airline industry in general and our company in particular had the secret …

How does this project address the problems of your business medium-haul?

The medium-haul in Europe suffers the double competition fierce, the TGV and low-cost. It loses money. We had counted 140 active a decade ago, only 128 today.Other major European companies have chosen to throw in the towel. It is not our strategy. I think that Air France should continue to exist in the minds of customers, which means to offer solutions for all their movements. It is in this spirit that we planned to launch our brand TGV (in partnership with Veolia), but this assumes, as I recall, the French rail market is truly open to competition, thus n is still not the case.

So we need to regain market share over the medium-haul. However, there is a potential departure from the province, where our service is not quite satisfactory, because of this organization "spider web" centered on the capital.We can not effectively organize flights from Marseille – and especially in the morning hours – when staff take their mandatory service in Paris – which is now included in all contracts of employment – and when the planes come back every night. So we're going to base one another in Marseille, and it's a very inspiring project in the company.

What savings do you expect?

A gain of about 15% of our operating costs. Air France is productivist! The duration of daily use of each unit will increase from 8:15 to 11:40. The turnaround time will be reduced to half an hour. Pilots and crew will fly more hours, concentrated in fewer days.

So the low-cost …

No. We take some of the low-cost recipes.But we keep the Air France service newspapers, given up, snacks free miles … and the certainty that, whatever happens, the company will take care of the customer. All with very attractive prices, starting at 50 euros each way. We hope with our foundation of Marseille and Toulouse, Nice and Bordeaux win 4.5 million more passengers each year.

Your mandate was recently renewed in a general assembly for four years, but some suggest a transition period of two years instead …

The general meeting renewed my mandate as director for four years, and the Board of Directors has renewed my mandate as CEO for the same period. I am happy because there is much to be done to continue the rehabilitation of that country. In the coming months, we will change the governance of the Air France-KLM, to mark a new stage.When Leo van Wijk, Jean-Cyril Spinetta, Peter Hartman and myself, the four "founding fathers" have created Air France-KLM, we opted for a light structure.

Then we created a joint executive committee, where the representative of one of the two companies also took responsibility for his job or function (cargo, purchasing, marketing …) at the group level. This system worked very well, but it now reaches its limits. To further optimize the operation of the group must now make it more integrated and organized it so that it can accommodate a third company when the opportunity arises.We will therefore create a strong structure at Air France-KLM, which I will be the CEO, while each company will have its operational head.

Who will be that of Air France, which is presented as your successor?

This is a subject that is already running too much ink! Let the time for governing bodies to make their choice. It is true that my mission is to bring out a successor who will win. I have four years to do it off …

Commented very different subject: the order of long-haul Air France and KLM are about to happen. You are strongly "encouraged" to sign a priority with Airbus. When will you decide?

The decision will be taken during the summer. But know that the end of 2010, we concluded that we would both A 350 and Boeing 787.For reasons of timing: the Boeing will be delivered from late 2015, the A350 rather than the end of 2017, or KLM soon need new equipment. For reasons of size, too, Airbus is bigger than the Boeing. As a precaution, finally: to order a single plane that never flew too exposes us to potential production problems in one or another manufacturer.

KLM is a "Boeing company while" on the long haul. Will it a place to Airbus?

Airbus is in any case very attached to that is no longer the case.

And Air France, Airbus essentially client, she will be a place for Boeing?

Boeing also is strongly committed to that!

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The working day "offered" by the employees was instituted after the heatwave of summer 2003, which caused the deaths of 15,000 elderly and highlighted the extreme isolation of some people. Employers were free to set the terms of agreement by company or branch.The idea is to offset a new tax of 0.3% on the payroll who also hit the capital income and wealth.

Most of the time, a day of paid leave or RTT was sacrificed in exchange for work on Whit Monday.Some companies might choose to "dicked" day of extra work and free: in two half days without a student in Education or seven hours spread over the year at the station.

13 billion in seven years

Before the general disorganization – nobody knew when the Day of Solidarity was falling – and many recriminations trade unions, associations or religious, the Fillon government decided in 2008 to remake the Whit Monday public holiday and therefore not working no fax payday loan.

Since its inception seven years ago, the Day of Solidarity has reported 13 billion collected from public and private employers by the National Solidarity Fund for Autonomy.The annual levy – which will yield 2.31 billion in 2011 – is intended to cover devices cons dependency: Standard ABS and PCH allowances, retirement homes and special schools … It has 60% elderly and 40% for people disabilities.

To finance the care of elderly dependency, it is suggested to establish a new day of solidarity that would yield, according to Roselyne Bachelot, 2 billion more. Others still offer to extend the base's contribution to the professions and retirees who are currently excluded.

In his text, the Committee stresses the challenge "societal" dependency. Solutions "is to implement new (…) of solidarity, sustainable for families as the public finances over time," says the notice emphasizes that the financing of the loss of autonomy must be on a casting vote by the national solidarity.According to figures cited by the EESC, expenses associated with the dependence reached last year, 33 billion euros, 24 billion to the burden of the community. Population projections are also reported an increase of 25% of people aged over 75 by 2025.

1% on inheritances and donations

To ensure the extra spending, the Committee advocates the establishment of a 1% tax on inheritances and donations out of business transfers and professional tool. "This tax would apply to all products that are not taxed today," said Monique Weber (CFE-CGC), co-rapporteur of the draft opinion.Successions between married or civil unions would then be concerned, like those on certain real property (located mainly in Corsica and benefit from exemptions), works of art, or gifts and legacies made for the benefit of associations .

The Notice also contemplates "the alignment of the full rate of the CSG on pensions (6.6%) on the assets (7.5%). This option, proposed in particular by the MEDEF, Fragonard and the commission did not favor the government but in the EESC could bring 1.7 billion euro. The opinion, however, leaves open the debate and suggests that this increase in the CSG could be applied "beyond a certain threshold of income."Other lines of inquiry such as the introduction of a second day of solidarity, an increase of half a point in the premium pension scheme, a levy on the assets of the highest or the introduction of VAT name, have however been excluded.

The text also stresses that to the increasing share taken by private insurance contracts, several precautions must be met to avoid the rising cost of loss of autonomy in the home, including the poorest.The EESC therefore envisages the creation of "a label given to public contracts respecting the specifications, and introduce government subsidies to help households subscribe to these guarantees.

Finally, beyond the financial recommendations, the project would include a large number of practical recommendations for home support for older people or support for caregivers (family members caring for dependent persons), according Monique Weber. Trails explored by the commission as Bertrand Fragonard.

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At a time of closure, the Nikkei, Tokyo Stock Exchange lost 0.63% in 9432 and points after starting down 0.26%. The rating is pulled down by the action of the utility TEPCO, which drops from 25.9% to 7 hours.Investors sold heavily to the track operator Fukushima after the publication of an article by Kyodo news agency on Sunday, saying the company could record a net loss of 570 billion yen in fiscal year from April 2011 to March 2012 (4.9 billion euros at current rate), excluding the compensation due to victims of the nuclear accident. In its wake, as Chubu Electric Power Co. also dropped 8%.

In the rest of the region, the red is also relevant. The Indian Sensex lost 0.31% while in Australia, the S & P coward 0.37%, weighed down by mining stocks Rio Tinto (-0.85%) and BHP Billiton (-0.81%). Note that the stock exchanges of Hong Kong, Shanghai and Seoul were closed for holiday.

Oil without direction

Oil prices were for their part without leadership in electronic trading in Asia in anticipation of an OPEC meeting in Vienna on Wednesday, dealers said. In morning trading, a barrel of light sweet crude for July delivery gained 8 cents to 100.30 dollars and that of Brent North Sea crude for delivery the same declined by 6 cents to 115.78 dollars.

The Organization of Petroleum Exporting Countries (OPEC), which meets Wednesday on the bottom of sinking of the Libyan crisis, should leave its production quotas unchanged, despite soaring crude prices and increased pressure on consumer countries, analysts said.

The word "strike" originated on the "Place de Greve," the name given to the middle of the twelfth century to the scope in front of City Hall of Paris. It was a beach of sand and gravel which stows the goods (wood, wheat, hay, wine …) arrived by the Seine and ended up where, each morning at dawn, workers without work seeking employers for the day.This "Place de Grève" was then a scholarship to work and place of employment for the unemployed. In short, an employment center before time …

This concentration of workers who were not working but looking for a job … was called "strikers." Hence the emergence then of "strike" which means "look for a job." A sense diametrically opposite to that of today …