Signs of abating in the real estate frenzy in Paris. After growth of over 20% yoy in the first quarter (numbers of notaries), the house prices have stalled this summer. "We anticipated a slowdown of rising prices later in the year 2011. The events give us reason Fortunately, "says Bernard Cadeau, president of the branch network Orpi. The peaks in June, with the ceiling of 8000 euros per square meter happily burst, combined with the gradual rise in lending rates, have affected the volume of sales since the beginning of 2011. It made sense that eventually, prices undergo an adjustment. For more than a drop, it is a market correction it is.
Drain excess
"If there is downward, this concerns the very large apartments of 100 m2 which the price had been overestimated in the euphoria of late 2010 and early 2011," said Gilles Ricour of Bourges, president of the FNAIM Paris. "The capital market is a very individual who has self-sustained higher prices. Many potential purchasers already own their homes had postponed their plans because of the crisis in 2009. In 2010, when prices started to increase, they came with very important contributions. In addition they have changed their behavior. Rather than sell their home before buying another, they started buying in a market that climbed before to bear part of the price of their new acquisition to the purchaser, pushing prices up, "says Laurent Vimont, Chair of the Century 21 network cash advance loan no fax."Today, we purge the excesses," he adds. A correction that he says will not exceed a slight decline in the order of 1%.
The threat of taxation
"The summer months are not representative of normal activity in the sector. It was not until September which is traditionally an important month for the volume of transactions, "said he. "Always be careful. Paris concentrates all the ills of the market immobilieravec a very high demand and low supply, "said Bernard Cadeau. A shortage that could he said to go to … amplifying with assistance from the government. "There is very little construction in the capital, and with the new tax measures, are discouraged sellers put their property on the market," said he. "Since August 25, and the announcement of the taxation of capital gains to 32.5%, many sellers have withdrawn their products," alarmed Gilles Ricour Bourges."It would be unfortunate if these new measures will undermine the stabilization of prices," he concluded, as a warning to members who are currently planing tax loopholes.
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Wall Street still frozen in the red. At midday, the Dow Jones unscrewed from 3.34% to 10,865 points, the Nasdaq 2.73% to loose 2415 points and the S & P lost 2.97% to 1138 points. As in Europe, signs of nervousness are palpable the day after a session rebound. The volume of trade is still very well fleshed out and heightened volatility. "At this stage, investors dizzy," says Oliver Pursche, president of Gary Goldberg Financial Services.
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.
Otis, Crossroads Market, Carrard Services … These three companies have one thing in common: they face these days in a strike of their employees who claim to be better working conditions or wage increases, sometimes both. How original you might say, to see employees' strike "because they are dissatisfied? Not much except that the term "strike" was historically a very different meaning.
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 …
Despite his cheerful voice, that the bitterness that prevails. After 17 years of work to earn temporary caps in many societies, Sylvie Trouillet displays its ras-le-bol without wearing gloves. "The interim, it became a battle every day," she plague. The latest figures from job center, which show an improvement of temporary employment from 14% in one year, let this marble forties. His only concern: "The precarious status of the Interim," which in her opinion, rises to a crescendo.This observation led him to create the National Association of long-term acting (Anild), to defend the rights of these workers.
Unemployed since the beginning of the year except for a mission of "technical secretary" of three weeks in an estate agency that winter, the executive assistant training roundly on a sector that "has profoundly deteriorated over last twenty years. " After two CDI punctuated redundancies, first in a shoe wholesaler, then to a company renovating the building, she pushed for the first time the door of a temporary agency in 1994. She is 26 years."At the time, there was no support or unemployment benefits, it should work right away." In the process, she landed her first mission at France Telecom: a post of Assistant Director of site Val de Fontenay, near Paris.
From 1990 to 2001, "a blessed time of the gods"
Nestle to Air France, through the Savings Bank, EDF, the National Federation of jewelers, etc.. The missions are linked together, "often of long duration, three to six months." "The phone rang regularly," recalls she, calling the period from early 1990 until 2001, "blessed by the gods." Throughout the experiments, "I climbed the ladder from secretary to become commercial or sténodacylo framework," adds Sylvia proudly."With the interim, my salary has also increased from the minimum wage paid to 3,000 euros per month," connects the daughter of butchers, who then receives the temporary work as a springboard. Claiming a status of "interim career, by choice," she does not think in this context, to move towards a CDD or CDI.
But in 2001, the "gods" are less forgiving. The "changeover" to mark the beginning of a Sylvie "period of uncertainty" in the chain of missions pay day advance. "Suddenly, with this first crisis, the candidates have poured into the agencies," in which "human relations" were, she said, reduced to a trickle. "The agencies were no longer account for our luggage to our versatility and experience as before, she does most valued our résumé," Sylvie annoyed. "We proposed missions under-qualified, sometimes without regard to our training.And if they refused, we were told that there were thirty people behind. "Consequence of the crisis that followed the bursting of the dotcom bubble, pushing companies to drastically reduce their costs and staffing. For Sylvie, agencies, anxious to maintain their contracts with their corporate partners, then stopped "selling" their acting properly.
The Interim, "an unemployed sleep"
And according to him, the situation has further deteriorated since the last crisis. A real gap has widened particularly between "acting, which is not entitled to RTT, or tickets to restaurants" and "owner" analysis does."Once, a colleague told me anyway, an interim president, is an unemployed worker to sleep!" Without the assurance of finding work every time, like many self-employed Sylvie concedes that his private and social life has taken a hit: "I'm single, childless, and have not taken a vacation since 1982," she whispered.
In 2005, while unemployment and "free allocation", Sylvia suffers a period of great distress. "The phone rang again I was a nervous wreck.Sometimes I had to settle for a glass of milk and a biscuit a day. "It will take the opportunity of a mission at Carrefour to put an end to this rough patch and regain morale.
With Anild its association founded in January with a friend acting, Sylvie hopes to "raise awareness among agencies, public opinion and government" in the evolution of temporary work, especially for the 2012 presidential election. Only fifteen members have so far joined its ranks. Although many in comparison "of more than 800,000 temporary" that make up the market. But she said many people have already made contact. Besides his commitment, Sylvie is looking for work. Meanwhile, as always, that "the phone rings."
Memory market on Friday, 13 has little impact on markets, even if Friday, October 13, 1989 took place a minikrach. In real estate, however some have difficulty leaving their superstition on the shelf.
The "Paraskevidékatriaphobia (phobia 13) deprives many American buildings 13th floor, and many palaces room or table 13. In the UK, according to a British website, Zoopla, an apartment of less than 300,000 euros, at number 13 of a street, would sell for an average of 4000 pounds (4593 euros) less than 12 or 14 .
The 13 does not however run the streets: 28% of UK streets do not. It has often been cleared between 11 and 15, or disguised in 11a. In Paris, there are not 13, rue du Faubourg Saint-Honore, since the Empress Eugenie decided. But when they exist, the numbers 13 are not cheaper than 15 or 11.
In Orpi or Féau is remembered buyers have waived a house not quite "feng shui", but not because of 13. Citing statistics, the Notaries of Paris confirms: "For the No. 13 tracks, there is no special discount. Parisians do not seem superstitious! "Neither the address nor the floor … in the Montparnasse tower does have a 13th.
Rumor conveyed by the German magazine Der Spiegel that Greece had threatened on Friday to leave the eurozone was denied on all sides. "A provocation" by the Greek Minister of Finance, a "dumb idea" according to the chairman of the Eurogroup Jean-Claude Juncker, a "completely fanciful hypothesis" for Bercy.
However, the financial position of Greece has indeed been raised on Friday at an informal meeting in Luxembourg, attended by several Ministers of Finance of the euro area, whose French Christine Lagarde, Germany's Wolfgang Schäuble The Italian Giulio Tremonti or Greek George Papaconstantinou.At that point also to the subjects on the agenda – aid to Portugal, the regulation of financial markets, the successor of Jean-Claude Trichet as head of the ECB – "have not even been processed, lack of time, "says Les Echos on its website on Saturday, citing" a source described as European. "
Accelerating privatization
At the heart of discussions among members of the euro area, the ability of Greece to honor the commitments made in the context of assistance of 110 billion euros granted by the EU and the IMF a year ago. According to Les Echos, the Europeans have been willing, in exchange for new measures of fiscal adjustment, to pay 20 euros to 25 billion additional to Greece, where they would prove insufficient instant credit report. A sum which would, according to business daily, covering almost all the financing needs of the country in 2012.
Previously, however, the Greeks will accelerate the ongoing privatization. While the report had planned disposals of EUR 2 billion in 2012, "it will take much more raking Athens, about 25 billion by 2013," said the European source quoted by Les Echos. "If these measures are not sufficient, Greece should further tighten the screws tax," she added.
Debt restructuring again rejected
However, the assumption of a debt restructuring Greek has once again been rejected by the participants. While Lars Feld, one of economic advisers to Angela Merkel, considered by example on Sunday that the restructuring was "the only way forward so that Greece is a little relieved that creditors and help to solve the Greek problem "President of the Eurogroup Jean-Claude Juncker reiterated that such an option was excluded.While stating that a new adjustment program would still be discussed at the next meeting of the Eurogroup on 16 May.
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After the sprint, marathon. After spending several weeks trying to prevent the complete melting of emergency nuclear cores, the company that manages the central hilly Fukushima cut his forecast to surge by autoriéts to present a plan of action quickly. It's a race to the bottom limit for gradually leaks radioactive in which the company launches. With the gradual return of cooling systems, the operator believes that Sunday that he should take another three months to begin to "ensure that the radiation level begins to drop."The importance of radioactive releases into the environment has recently led the authorities to reclassify at 7, the same as the Chernobyl accident, the catastrophe occurred in Fukushima.
"Having completed this first step, it will take three to six months before we can reduce radiation leaks at a very low level," said Chairman of the Board of Tepco at a press conference. The company says that this second step will also aim to achieve "cold shutdown" reactor (cold shutdown), thereby facilitating the intervention of technicians. For now, nuclear reactions continue to residual heating fuel that requires cooling. The "cold shutdown" means the time when the number of fission is low enough that the coolant does not suffer almost no temperature rise.Katsumata said the company could now hope to "cool the reactors and storage pools of spent fuel so complete and stable."
Avoid the explosions of hydrogen remains a priority
The priority still remains "to prevent hydrogen explosion in Units 1, 2 and 3. Damage to the fuel ducts under the influence of heat leads one to the release of potentially explosive hydrogen gas. "The workers will inject nitrogen into the reactor to maintain the lower the ratio between hydrogen and oxygen," the company said in a statement.
A few days after the disaster of March 11, explosions occurred at Units 1 and 3, caused by the accumulation of hydrogen in the building housing the facility.The company has finally added it would cover the three buildings damaged reactors – 1, 3 and 4 – the next six to nine months, without specifying the type of material being considered. "In the medium and long term, the company plans to build buildings with concrete," she said.
The government hopes that the "road map" be held
TEPCO will finally try to limit the release of highly radioactive water. "On the reactor 2, we begin to clean up highly radioactive water in June," said the president of TEPCO operator. The injection and dumping bulk water since March 11 has resulted in highly radioactive water leak in the engine rooms and in trenches adjacent facilities, part of which was donated voluntarily or involuntarily, in the sea .
The Minister of Economy Banri Kaieda hailed as an "important step" presentation of the plan."The government expects that Tepco respects the roadmap, even as it accelerates", he said, because "in six to nine months, we want to tell the evacuees where they may or may not return among them. " Some 80,000 people in a 20 km radius around the plant were evacuated because of high level radioactive waste ocasionnés by the disaster.
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The iPad is beginning to overshadow the PCs. According to a survey * conducted by AdMob, the mobile advertising from Google, about three-quarters (77%) of owners say touch pads use their computers less often than before. And 28% say that this new device is already becoming their main engine, replacing the PC.
Much like a computer, and despite its small size, the touch pad is used in a very large majority (82%) at home rather than move. The peak occurs in the evenings and on weekdays. The touch pad, lit an average of more than one hour per day, serves primarily to play (84%), and then searching for information on the Internet (78%), consult your emails (74%), track News (61%) and connect to social networks (56%).
The PC still keeps a few restricted areas, including office automation.In the absence of keyboard and mouse, the touch pad is actually more appropriate for consultation and the creation of content. Recently, applications, photo editing (Photoshop Express) video editing (iMovie) and editing sounds (GarageBand) still trying to compete with the computer on new terrain.
The iPad head for long with applications
The survey of Google, which in theory includes all the touch pads without distinction, is in fact almost entirely on users iPad. The Apple tablet has represented over 80% of sales in 2010. It should still assume 68% of the market this year, according to projections by the research institute Gartner, then 47% in 2015.The iPad will outperform then tablets Android (38%) and BlackBerry (10%).
Precisely because of its wide range of applications that allow the iPad embrace most uses of PCs, Apple could manage to stay ahead of the market. "Many manufacturers make the same mistakes when they responded to the iPhone, with emphasis on hardware rather than on applications, services and user experience," Judge said in a statement Carolina Milanesi, analyst Gartner.
The rise of tablets should weigh this year on PC sales. Last month, Gartner has revised down its forecast for PC sales, which should grow 10% in 2011 against 16% previously expected.It will sell anyway still around 387 million PCs this year, against 70 million touch pads.
* This survey (see PDF) was conducted in March 1430 with AdMob human volunteers in the United States.
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No professional football without modern infrastructure and schools of quality training. While this project is still in its infancy in the least developed African countries, Morocco wants to lead. The country hopes to turn these clubs into limited companies by next September and reach South Africa, Tunisia, Senegal or Algeria to rank African countries with a professional league.
To mark the International Week organized sport for the first time in Marrakech, the Minister of Youth and Sports of Morocco, Moncef Belkhayat and President of the Royal Moroccan Football Federation Fassi Fihri stressed the importance of football in particular as a "national issue and driver of economic development.""But to play its full social and economic role is a structured football that Africa needs," said Vincent Chaudel, communications director Europe, Africa and Middle East at Kurt Salmon, a consulting firm.
In this regard, Africa has more work for the president of the Confederation of African Football, Issa Hayatou, although he welcomed the progress made by Morocco, which he readily describes as "an example for African football. " "Wanting to professionalise football is good, but it requires a disciplined organization," he says. And schedules must be met to optimize working conditions of media and attract business partners. "
"Without our states, there would be more African football"
Because for now the core of private investors remains low in Africa."In Morocco, no bank and no insurer invest in football," said Jalal Hajjou, general manager of Optimum. Because they have no visibility into the return on investment. The new project of the Ministry of Youth and Sports should change the situation. But key players must come together around a table now, not six months from the African Cup of Nations in 2015 (organized by Morocco, Ed).
Suddenly, football clubs are still very dependent on public subsidies. "Without our states, there would be more football in Africa, provides Hayatou faxless payday advance. If they want to become professional clubs must take control and reduce government subsidies. " The example of infrastructure is significant. "Most clubs do not own their stadium, says an expert. They therefore depend on public authorities to use them. "Stadiums that can accommodate up to 50,000 steps and does not fit the profile of pregnant may receive league games. "Africa has few speakers to more reasonable dimensions, that is to say between 10,000 and 20,000 seats especially in less developed countries," says this expert.
"Football in Africa is more a political and economic"
The low inflows coupled with the lack of a disciplined organization also discourages presenters who bemoan a lack of technical means, limiting the broadcasting of matches in quantity and quality. "While football is not professional in Africa, the broadcasters will be more patrons as economic partners," says Njike Jackson, CEO of Canal + Cameroon.And regrets: "Today, football is more a political than economic or social issue."
Consequence: significant differences have widened in TV rights in Africa. When they rise to 30 million in South Africa where the FA is professional, they are close to nil in Cote d'Ivoire, Mali and Senegal. "The total weight of the economy of football in Africa is between 1 and 1.5 billion, equivalent to the economy of football in France," said Christophe Bouchet, former president of the Olympic Marseille.For the former CEO of Sportfive, a company specializing in sports sponsorship, "the success of African football through the mobilization of all stakeholders (sports institutions, government, partners, media), but the central role must be held by the clubs. "
After installing the African Cup of Nations as the third major world football event (after the World Cup and Euro), Africa has shown that he could organize a World Cup. "It remains now to win 'dream President Issa Hayatou.
The Paris Bourse approaches helm of the 3900 points to 10.00, after laboriously saved the technical threshold of 3800 points last Friday with an increase of 0.63%. Having opened strongly in the open green, the benchmark index in Paris accelerates gains with a rise of 1.80% to 3879.62 points, based on the rise on Wall Street this weekend, but also on Asian markets on Monday morning. Despite the closure of Tokyo because of a holiday, they have continued their upward trend, encouraged by the stabilization of the nuclear crisis that has rocked the archipelago.
In the absence of major indicator scheduled for the first weekly session, all eyes turned abroad. Optimists, operators retain Parisian improving the nuclear crisis in Japan. On the central Fukushima, no aggravation was reported in recent hours.Soldiers and firefighters are still at work to cool the reactor and prevent significant amounts of radioactivity being released into the atmosphere. The operator Tokyo Electric Power announced Monday that the six reactors at the north central Japan were again connected to the mains.
Moreover, the World Bank has estimated that the earthquake and tsunami of 11 March could cost the Japanese economy up to 235 billion (165 billion), up 4% of national production. The international agency notes, however, that reconstruction would quickly resume.
Libya, the center of attention
However, caution about the strength of this long-term uptrend, while investors should still be observed in the coming days, the situation in Libya.The strikes of the international coalition began this weekend and the Libyan air defenses had been severely damaged. In the viewfinder, on Monday: the supply lines of forces of the regime of Muammar Gaddafi.
This tension is already affected oil markets, fueling the rise in oil prices. In morning trading, a barrel of light sweet crude for April delivery was taking 1.57% to 102.66 dollars. That of Brent North Sea crude for May delivery gained 2.14 dollars to 116.07 dollars. "Some oil facilities could be destroyed during strikes or when sabotage," said Victor Shum of Purvin and Gertz firm.
As for currencies, the euro remains stable, declining only 0 online pay day loans.16% against the greenback at 1.4157 dollar.Note that the yen continued its downward trend against the dollar at 80.90 yen against 80.59 Friday in New York, supported by the G7's decision to intervene to counter the outbreak of the Japanese currency.
Side indicator, the news will be published with the U.S., 15 hours, sales of existing homes in February.
Values to follow
EDF: 1.93%, to 27.98 euros
The Ambassador of France to Italy was summoned to the offices of Chairman Silvio Berlusconi on the Parmalat case and Edison. The two Italian companies are the subject of sharp differences between their French and Italian shareholders.
Areva: + 3.46%, to 31.22 euros
A renewal of Anne Lauvergeon to head the board of the nuclear group is a "possible scenario", said Sunday the Minister of Energy, Eric Besson.
Renault: 1.43%, to 38.68 euros
The Industry Minister Eric Besson has appeared to dismiss the resignation on Sunday a car manufacturer CEO, Carlos Ghosn, after the false espionage case that shook the manufacturer, stating the need to avoid "further destabilize 'the group . Nissan's partner Renault has also announced it would boost its production lines in Japan.
L'Oreal: 2.29%, to 76.36 euros
Jean-Paul Agon, CEO of the group, also holds the post of president since Friday but will retain the same salary this year than in 2010.
Air France-KLM: 1.15%, to 11.44 euros
The idea of "bases Province" was overwhelmingly approved by referendum.The Cockpit living near the bases would not have to make stopovers, which should allow the company to save money.
Diageo: 2.06%, to 13.40 euros, Pernod Ricard: 0.97%, to 63.26 euros
The Sunday Times, the group plans to launch a bid of two billion dollars on the brand of tequila Jose Cuervo, the newspaper added that Pernod Ricard might also be interested.
Audika SeLoger.com and publish their annual results after market close.
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