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.

DSK The case began on Twitter, May 14, fed news headlines, news sites, televisions and radios throughout the summer and peaked at 20 hours of TF1 in the DSK interview by Claire Chazal, September 18. More than 12 million viewers were then followed this high mass. On this new chronology of the information examined Observatory Orange Terrafemina, which reveals the results of his study Tuesday morning.

Based on quantitative data from the CSA institute and a panel composed of eight women TreizearticlesWebLab, the Observatory has dissected the new report passionate and uninhibited qu'entretiennent now the French with the information.

For 2011, the Greek government had already recognized that the deficit could not be reduced to the initial target of 7.6% of GDP: this will ultimately be 8.5%, a "hole" of 18.7 billion euros. For next year, the forecast is 6.8% or even 14.6 billion euros spent too (against a deficit of 6.5% planned in the plan concocted by his creditors).Difficult, indeed, to restore the country's finances when the recession is severe: 5.5% contraction in 2011 and another 2% expected next year.

30 000 employees laid off

In response, George Papandreou has put together a budget under the sign of austerity providing a saving of 6.6 billion euros in 2011 and 2012. This draft must be submitted to Parliament today.

Under pressure from the troika of envoys in Athens for four days, and on the eve of the Eurogroup, Luxembourg, the Greek government wants to show his voluntarism in order to obtain payment of an $ 8 billion of loans on the 110 billion allocated by the countries of the euro area and the IMF."As we make these decisions so difficult and that the Greek people made such great sacrifices, yes, the sixth installment is assured," said the Sunday newspaper To Vima the finance minister, Evangelos Venizelos free credit score online.

In particular, very unpopular decision in a country where the employment of public employees is guaranteed for life by the Constitution, the government decided to set the layoffs of 30,000 employees close to retirement by the end of the years. These employees "set aside" will be paid 60% of their wages, before being fired after one year. Social discontent swells accordingly. Public transport again observe a work stoppage this afternoon, before the strike of the entire civil service and state agencies and the general strike Wednesday 19 October.One in five employees in Greece is official.

German debate

While surveys conducted in the country reveal that two out of three Greeks want to stay in the euro area, the debate rebounded this weekend after the statements of one of the allies of Angela Merkel. "I think a solution, if we want Greece again become competitive in a stable manner is that it does so outside the euro area," said Alexander Dobrindt a radio, the general secretary of the CSU. Thursday, Philipp Rösler, the German Minister of Economy, will be in Athens for talks with his Greek counterparts.

The capital is always full of visitors. While George Papandreou received Saturday the Emir of Qatar's sovereign wealth fund Qatar Holdings has committed to invest $ 1 billion in operating a gold mine in Greece.

Following a conference call held late in the day Wednesday between Nicolas Sarkozy, Angela Merkel and George Papandreou, the Franco-German couple has been very clear in stating that "the role of Greece in the euro area. "In a statement released in the process, they attached a condition, however, also very explicit: "The implementation of strict and effective recovery program of the Greek economy supported by the countries of the euro area and the IMF and which conditions the disbursement of future tranches of the program. "

Since the Davos Forum held for three days in Tianjin, China, Zhang Xiaoqiang, deputy director of the China Development and Reform, confirmed that China stands ready to buy securities with sovereign debt states involved in the debt crisis.Earlier in the day, Chinese Premier Wen Jiabao had made statements to this effect while advising countries to reduce their deficits and to open their markets rather than relying on China to pay off the debts of the world's economies wide.

Similarly, the president of Brazil, Dilma Rousseff, said his country is ready to participate in a "global effort" against the economic crisis that affects rich countries, following the announcement of a meeting of countries emerging Brics (Brazil, Russia, India, China and South Africa) to discuss aid to Europe.The head of state stressed, however, that there is no "global solution" to the crisis and that much depends on the countries concerned.

For its part, the U.S. Treasury Secretary Timothy Geithner who should participate in a meeting Friday of finance ministers in Europe, had said before the conference between France, Germany and Greece, convinced that the Europeans "have financial resources to do what is necessary and avoid the collapse "of the euro area". He had, however, added that the Europeans will have to "recognize that they will have to do more and have fallen behind."

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While the U.S. economy slows dangerously, investors expect a tough response from the Fed. But they may be disappointed because, faced with two problems, the central bank runs out of ammunition.

Misdiagnosis

First, Ben Bernanke erred in economic diagnosis. He underestimated his own admission, the low growth in the first half and was counting on a rebound in demand in the second, which for now does not materialize.Problem with its main policy rate at zero since December 2008, the Fed has little room to revive again the supply of credit. Some members of the Monetary Committee refuses to go further. Among the reluctant, Richard Fisher, president of the Dallas Fed. It is estimated that on August 9 promises to continue until mid-2013 interest rates unusually low, the Fed made a mistake: the promise deters businesses and individuals to borrow quickly as they know that the rates are not nearly up cash advance america.

So what can Ben Bernanke promised? The resumption of purchases of long-term bonds the Treasury is the preferred option by the markets. But given the high level of inflation, the method is risky.In addition, low interest rates leaves little hope that this new "quantitative easing" has a significant effect on credit supply.

Ben Bernanke should focus on technical measures. The Fed could cut the compensation of bank reserves. It would be a way to push banks to lend rather than storing their cash with her. The second measure seeks to change more or less gradually the composition of its balance sheet, which reached 2.7 trillion dollars. To maintain long-term rates as low as possible, the Fed may decide to increase the proportion of its balance sheet invested in long-term securities, while reducing the one placed in short-term securities. The decline in long rates will encourage companies and individuals to refinance their debts and support the real estate.

Even if the secret is king in the realm of salvors, one thing is certain: the hunt for sunken treasure under the sea can pay big dividends. Odyssey Marine Exploration, one of the few companies to communicate about its activities, has won the moon in September 2003 with the discovery of the Republic, an American steamer full of gold coins that sank off the coast of Georgia in 1865.After twelve years of research, American society has gotten hold of a booty containing nearly $ 400,000 of the coins in time, a current value between 120 and 200 million dollars. The company has retained 90% of the cargo. Odyssey was also able to develop products derived from this expedition. This discovery was also made flame the action of the group in exchange. And the eyes of the officers, "the 20 million spent on research is only one drop of water compared to the potential value remains of the Republic."

And if the gold and precious stones continue to dream the salvors, they are not the only treasure of value. Coins, guns, cups, bottles and even old cargo of raw materials can also be rewarding.Thus the British company Blue Water Recoveries, established in 1995, has collected 23,000 tons of precious metals through its research of wrecks.

Thirty wrecks profitable to recover

But finding a wreck diving at a cost. According to Unesco, nearly 3 million shipwrecks littering the ocean depths, but only a thousand of them contain enough valuables to recoup research.

The investigations carried out to find shipwrecks hundreds of feet deep are indeed very expensive. It requires a technologically advanced equipment and crews experts, for shipments that can last for months or even years. Besides the work prior to the launch of an operation: tracking down archival maps and documents all able to identify and map potential treasures.John Morris, co-founder and CEO of Odyssey Marine Exploration and felt "less than thirty wrecks are financially attractive to recover" all over the world.

In addition, the development of technology makes the research more accessible and attracts treasure hunters. The funds of the world's oceans are scrutinized. Shipments are mainly carried out by Anglo-Saxon societies run by financiers. In this context, John Morris believes that "all the wrecks are likely to have been visited in ten years: our niche is very limited." A race against time is thus committed, sometimes in defiance of the rules.

Regulations wrecks hardens

In late 2007, Odyssey has been unraveled court.American society has gotten hold of the treasure of the "Black Swan", code name given to the mysterious shipwreck discovered off the coast of Gibraltar and which Odyssey has kept the cargo of 17 tons of gold and silver. Problem, Spain claimed ownership of the vessel and the treasure and she wants to recover the loot and the location coordinates of the wreck, kept secret.

In fact, the marketing of the treasures of the sea is governed by laws. The cargo must be declared and identified only the treasures found in international waters can be preserved, provided that vessels not flying the flag recovered Spanish, English, French or American, if not the rights of loot then return to the countries concerned. And Unesco is trying to further tighten the laws to limit the looting.The United Nations estimates that particular decade, almost three wrecks were destroyed and exploited commercially in Asia, and regrets for each looting of 500,000 objects.

In France now, "all the maritime discoveries belong to the state," said the Department of underwater archaeological research and submarine, affiliated to the Ministry of Culture. However, the rewards are awarded to the discoverers of wrecks and treasures.

A researcher from the body of wreckage hunt bin Laden

The hunt Seabed no longer the sole purpose of finding gold and other fabulous booty. Recently, a researcher of wreckage and chose to leave the body in search of bin Laden.Bill Warren, a famous scholar of American wreck, wants to prove to skeptics the death of the leader of the terrorist organization Al Qaeda, and touch in passing a premium of $ 25 million. To do this, the diver of 59 years will probe the northern Arabian Sea to find the body of the former number one enemy of the United States. But according Sciboz Bertrand, also a researcher of wreckage, "a body search in the Arabian Sea while there are 2000 meters deep, this operation is totally impossible."

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After speaking with the social partners, having examined the proposals of the budget minister, Valérie Pécresse, and his colleague of Economy, Baroin, and after a final meeting Wednesday with arbitration the head of state, Francois Fillon will detail the efforts needed for France to respect its commitments.

Paris has in fact promised to bring its public deficit of 5.7% of GDP this year to 4.6% next year and 3% in 2013.Objectives "soft," insists the Prime Minister. And have become even more complicated to keep that growth, which has a breathing hole world in recent months, could not keep its promises. First equation to solve for the executive, what new growth assumption adopted for next year? Currently set at 2.25%, it could be lowered around 2% but the final decision will be refereed by Nicolas Sarkozy on Wednesday.

Whatever the figure used is a real austerity to be announced in the wake. The principle consists in an "effort equitably distributed among the wealthy households and the less affluent, but also between large companies and small companies," says Is there at Bercy.According to the Social Partners to Fillon who spoke Monday night, the government prepares to announce 3 to 4 billion in savings for 2011 – an order of magnitude as the Department's budget did not confirm Tuesday – and about ten billion 2012.

Precautionary reserves

This effort will break down between cuts on spending and tax measures. Regarding the latter aspect, the government does not lack ideas.Changing the tax exemption of overtime, tax on higher income, higher social package for businesses, real decrease in certain benefits … "In our sorrow, we have the advantage of having an incredible addition to spending, wealthy in some cases, "explained Baroin, mid-August, citing a total of 75 billion euros of tax loopholes and $ 45 billion social niches.

On the expenditure side, Bercy asked departments to provide an extra effort this year. The reason: the frigate affair of Taiwan, which requires the state to pay 460 million euros.To avoid this expenditure is widening the gap, saving the same amount will be made.

More precisely, the departments may not use funds they have traditionally used to spend at year end by drawing on reserves of precaution put in place earlier this year. Defense will be particularly drawn upon.

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According to Joe Biden, even if the agreement signed last moment three weeks ago by Congress to prevent this disaster has cost the country a deterioration in its S & P notes, "The United States remains the best option to invest."

The message is "clear"

Beijing, which holds nearly 1.17 trillion dollars of U.S. debt, had been very critical of the U.S. government after the historic decision of the rating agency. The country was particularly called on Americans to stop living above their means.

The visit of U.S. Vice President in China, entirely focused on the issue of U.S. debt and the solidity of the world's largest economy, appears to have reassured. "You have sent a clear message to the Chinese public, that the United States will keep their promises and their commitments to their sovereign debt," has said Premier Wen Jiabao. This will ensure the safety, liquidity and value of good Americans. " The Chinese leader also claims to have "full confidence in the fact that the U.S. will overcome their difficulties and put their economy back on track for healthy growth."

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On Wednesday, Greece worried again. The country plans to expand its exchange program to include obligations of the securities in the longer term, which penalizes first private creditors. As the European markets, the banking sector is particularly attacked the image of Bank of America (-9.87%), Citigroup (-8.49%), Goldman Sachs (-7.76%), Morgan Stanley ( -7.52%), Wells Fargo (-6.17%) and JP Morgan Chase (-6.13%).

In addition, rumors of degradation of the note of the French debt by a rating agency revived fears about the health of the euro area. "These rumors are totally unfounded and the three agencies Standard and Poor's, Fitch and Moody's have confirmed that there was no risk of degradation," it was stated in the entourage of the Minister of Finance, Baroin.

Fear of a recession

In addition, operators are even very concerned about the state of the U.S. economy. Yesterday, the world stock markets have overreacted, and positive against all odds, to about the Fed. This has indeed ensured that it would maintain its rates at a historical low, and until mid-2013 to support the economy. Its leaders also promised various stimulus, but without specifying its content. It will probably wait until his final release in late August.On the merits, however, the Fed has painted a disturbing report from the world's largest economy. Growth, pointing in particular the U.S. central bank, is growing at an annual rate of less than 1% in the first half, where the institution expected, earlier this year, more than 3%.

The market was undergoing "fears about the economy, perhaps headed toward a new recession, and lingering concerns about the debt problems of the euro area," said Peter Cardillo, Rockwell Global Capital.

In contrast, oil prices were up sharply on the New York Mercantile Exchange (Nymex). A barrel of "light sweet crude" for September delivery finished at 82.89 dollars, up 3.59 dollars compared to the previous day. Oil stocks have fallen dramatically and unexpectedly last week in the U.S., according to figures released by the U.S. Department of Energy.Crude inventories fell 5.2 million barrels to 349.8 million barrels in the week ended August 5. Analysts polled by Dow Jones Newswires had forecast the contrary, an increase of 1.1 million barrels.

Note that the budget deficit of the United States continued to fall in July for the fourth consecutive month according to figures released Wednesday by the Treasury Department.The deficit stood at 129.4 billion dollars for the tenth month of the fiscal year 2010-2011, which began October 1, or 22% less than in July 2010, the ministry said.

Disney abused despite good results

On the business side, Cisco (-1.68% to 13.82 dollars) will unveil its results later this evening the fourth quarter, along with News Corp (-5.36% to 13.77 dollars).

Disney (-12.72% to 30.29 dollars) falls after the media group has yet announced quarterly results better than expected thanks to strong advertising revenue on its cable networks.

The title of U.S. internet group AOL (-8.85% to 10.20 dollars) has lost over a quarter of its value on Tuesday at the New York Stock Exchange after the release of disappointing quarterly earnings and lower forecasts. The stock has dropped 25.75% against the current of a market up sharply.The action even reached 10.36 dollars during the session, the lowest price ever since the split with Time Warner in 2009.

Facebook on Tuesday launched a new application for mobile phones iPhone (Apple) and those equipped with the Android operating system (Google) to send messages to his "friends" on social networking, but also to other contacts. Called "Messenger", the application can send both text messages (SMS) and email.

Apple (-1.11% to 369.85 dollars) briefly delighted yesterday to ExxonMobil, its position as the first market capitalization.

The Chinese government estimates that S & P has only confirmed a "horrible truth". One that was highlighted by the rating agency Dagong China, which has degraded the U.S. triple-A immediately after the agreement to raise the debt ceiling.She said "the days of Uncle Sam, crippled with debt, could easily squander endless amounts of borrowing from abroad seem numbered. (…) In order to treat his addiction to debt, the U.S. must restore the principle of common sense that we must live within its means. " For Dagong, the note of the United States increased from A + to A with, again, a negative outlook. According to the official Xinhua news agency, the adoption by Congress of a text to avoid a default of the United States failed to defuse "the bomb of debt." This failure to control U.S. borrowing could affect the "well-being of hundreds of millions of families in the United States and abroad," she lamented a few days ago.

In other countries, tempers

In France, Baroin, Minister of Economy, trying to reassure.First European official to respond to the thunder of the deterioration in the sovereign rating of the debt of the United States, he ensured that France "has full confidence in the strength of the U payday loans with no fax.S. economy and its fundamentals, and in the U.S. government's determination to implement the plan that was approved by Congress this week. "

Japan, the second creditor of the United States, said that its policy of buying U.S. bonds remained unchanged despite lowering their score. "Our confidence in U.S. Treasuries and their attractiveness as an investment will not change because of this action," said a Japanese government official told Dow Jones Newswires.Japan, which is trying by all means to curb a flight of its currency against the greenback, has no interest in selling its dollar assets for now since it would only strengthen the yen.

In South Korea, senior officials of the Ministry of Finance held an emergency meeting Saturday to analyze the consequences of the downgrade. But the government has warned against overreaction. "We need not be too worried about our economy and financial markets," said Deputy Finance Minister Yim Jong-yong. An Australian Prime Minister Julia Gillard has also called for calm markets. "At the same time, the other two major agencies, Moody's and Fitch continue to note the U.S. economy AAA. So I think people need to consider all the facts, "she said.In the Philippines, a spokesman for the Presidency said that the downgrade by S & P was "to some extent a wakeup call for the U.S. begin to seriously address their economic problems. We have confidence in their ability to do so. "

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