Archive for the ‘opinions’ Category

Wall Street ended the week on a note hesitant

May 12, 2012 - 4:24 am Comments Off

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There are many advertisements that boast of having lower cost for car insurance, but the truth is, most all car insurance companies can provide you with a cheaper policy just by streamlining your coverage.

Delta Air Lines bought a refinery in the U.S.

May 2, 2012 - 10:32 am Comments Off

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As businesses fail to recruit

April 21, 2012 - 9:56 pm Comments Off

 

A textile company, for lack of sewers it needs for its plant in Quimper, creates a pathway of learning to train its future recruits? The SME Armor Lux, well known for its white wine, made the headlines this week, at a time when all candidates for president are the re-industrialization of the country one of their campaign themes.

This situation is not isolated and number of industrial jobs – welders, boilermakers, milling … – are pulling their hair to find candidates and encourage vocations. "There is a real paradox between a high level of unemployment in France and companies who are not candidates for positions in recruitment, whether welders, millers, coppersmiths, payroll technicians, seamstresses …. In total we estimate that roughly fifty so-called shortage occupations. In our business we miss about 30% of requests from our customers because we do not have the resources and this situation has been deteriorating for a decade, notes François Beharel, group president of Randstad and staffing agencies. Concretely, this means that our group could generate 30% of turnover and more. "

For him, the problem is essentially related to the collective image What these professions in public opinion. "We imagine that in the textile industry and is like 50 years ago, while the environment has changed, that wages were revised upwards and that career paths are possible." "We have to get into people's heads, and young people in particular, that the industry is clean and not necessarily noisy. In this regard, the construction was successful for several years to reverse its bad image, "says Anne-Marie Bjornson, Director of Transitions AFPA.

Develop learning

A UIMM, Joel Mendez, Director Employment and Training, said that one communicates primarily on job losses. Yet in all sectors of metallurgy, the recruitment needs estimated over the period 2007-2015 are always evaluated credit score. Between 60,000 and 80,000 jobs per year, including 30 to 40% reserved for graduates, according to a study by the study-which will be updated in early 2012 over a 2013 to 2020 -. "There is a big educational effort and support to achieve with the companies to become more involved in processes of looking management of jobs and skills (GPEC) and assessing their future needs" says he.

According to Anne-Marie Bjornson Afpa transitions, there are ways to mount training particularly in the context of operational readiness to employment (job center) or as part of training contracts. "We are also working on the issue of transferable skills, which allow for example to a textile worker to work in the weld or a working precision to go in the car." But anticipating needs is a prerequisite and essential step, she insists.

For Joel Mendez, it is also essential to adapt the training devices to the needs, both in initial training in continuing education. And take the example of learning where the numbers in the branch of metallurgy grew 6% in 2011 (with a total of 26 000 apprentices). "At the last school year, nearly a thousand offers of learning could not be met and at the same time, the same volume of young people did not find any company. This shows that learning can be further developed and the various mechanisms put in place recently should help solve these problems. "

A situation that in any case, Francis led Beharel hammering: "stop sending generations of young people in jobs without opportunities. Spend money to know that jobs are to be filled with real careers, especially if the areas are not attractive. "

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Orangina has found the right recipe for success in Japan

April 20, 2012 - 7:16 am Comments Off

 

One million cases of 24 bottles. This is what qu'Orangina has elapsed in the first four days of its launch large scale in Japan, three weeks ago. "We did in four days half of our annual goal, welcomes Midori Takahashi, in charge of public relations for the Suntory Group, owner of Orangina. We aim 2 million cases a year. "

The brand has a massive arrival on the shelves in Japan. Orangina is supported by an impressive advertising campaign led by U.S. actor Richard Gere, directed in a dream of France under the slogan: "Orangina, the soft drink that drink the French, is finally in Japan!" In supermarkets, it is advisable to mix the soda with red wine, "French". Suntory plays the card of the Hexagon, in a landscape crowded Japanese soft drinks. In 2010, Nobu Torii, head of international development strategy of Suntory and nephew of the founder, had gone to ask the French government for permission to use the tricolor on his promotion.

Japan had long awaited the famous soft drink. In 2009, the Japanese brewer Suntory bought Orangina Schweppes Group for 2.6 billion euros, according to Western press of the time. Then the winds Japanese fleet on the brand. Last year, the launch of Orangina Samurai (lemon flavor) and Orangina Geisha (fish taste) have included the passage of the mark under the Japanese flag.

The pub does not recommend shaking the bottle

Japanese version of Orangina was to be launched in 2011. Fukushima disaster has postponed the launch. The drink, so she immediately found a place in the heart of the Japanese, has disappointed the French living in Japan, who reveal "less pulp and more bubbles." Sugar levels and gasification of the formula was changed at the margin. The bottle-shaped orange mythical underwent a fitness class and finds himself almost as slender as that of Coca-Cola, she sees in grocery stores.

"We tried to be as faithful as possible to the original brand and the bottle, because the Japanese really appreciated this drink in its original form, defends Midori Takahashi. But we need to replicate the formula with Japanese ingredients, and according to the Japanese guns. And the famous bottle could be reproduced at the factory and did not take on Japanese store shelves. "

Result: a pale copy of the original, in French eyes, anyway. Advertising even recommends to the Orangina upside down instead of shaking frantically, without which the drink is exploding in the consumer's hand. Suntory does currently not launch outside the borders Nipponese. But it is not clear, despite the marketing of drums, which could attract foreign in this drink has become a bit bland, neither Japanese nor French.

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The Real Cost of London Olympics

April 18, 2012 - 4:04 pm Comments Off

 

In his defense, the government ensures that the global event will benefit the local economy. 1500 enterprises had shared a jackpot of € 9 billion of contracts. But experts estimate that less than 1% of GDP growth of the net gain generated by the Olympics for several years.

The major amounts invested for the event.

• Transport: € 7.8 billion

For seven years, considerable effort has been devoted to the modernization of the London transport network, to host 3 million visitors in addition to the 12 million daily riders. New stations were built around Stratford, the Olympic site in east London. A special express train, the Javelin, will link the park to the station King's Cross St. Pancras. But the risk of flooding remains a nightmare for the organizers and authorities in London.

+ Organization: € 2.4 billion

The organization of the fifteen-day competition is funded by private funds from revenue from TV rights, sponsorships, merchandising and ticketing (485 million euros). Some sponsors are involved in providing benefits in kind (eg telecom).

+ Olympic Stadium: 1.2 billion euros

The enclosure of 80,000 seats is the centerpiece of a series of new equipment final, including a swimming pool, a handball court, a velodrome that will find and use a permanent occupants after the Olympics. Each was built by an architect and a different promoter. Other facilities such as the basketball stadium, will be dismantled at the end of competitions.

+ Olympic Village: 675 million

The site of the London 2012 Olympic Village was sold for 634 million euros in a joint venture with Qatari Diar business cards. The village, which adjoins the Olympic Stadium, includes 2,800 new homes. And the contract includes the creation of 2,000 additional.

Security +: € 670 million

This is one of the positions responsible for soaring overall costs. The organizing committee found itself under fire for underestimating security needs. A first estimate "wet finger" of 10,000 agents has been revised upwards to 23,700, doubling the budget to fund these private security guards. A contract with G4S company specializing in 104 million was renegotiated to 344 million. Not to mention the tens of thousands of forces of public order.

+ Ceremonies: 98 million

Entrusted to Danny Boyle, director of Trainspotting and Slumdog Millionaire movie, the opening ceremony of July 27 should show the "best of Britain". Thousands of extras are being recruited. To succeed in this show of force after that which remained in the memories of Beijing, Prime Minister David Cameron has agreed to double the budget for opening and closing.

= Public budget: 13 billion euros

The note of the Olympics for taxpayers English has continued to fly from the original figure of 3 billion when London won the competition in 2005. The organizing committee is now working on a budget of 11 billion, but a parliamentary report estimated that the bill may reach 13 billion instead. 29 billion and even if we take into account indirect costs for utilities, including the police and military presence.

The business of the Titanic

April 10, 2012 - 10:04 am Comments Off

 

Cynical or simply cultural initiatives do not fail to honor the tragedy that killed 1,514 people April 14, 1912, off Newfoundland. Especially since director James Cameron has shown that the Titanic was a "brand" more than profitable. In 1997, his film exploded every record box office, earning $ 1.8 billion in revenue and creating a real passion for the drama of the Atlantic.

The story of the Titanic began in Ireland, where the liner was built. This is a museum in Belfast, which cost over 110 million euros, was inaugurated last weekend, built on the former shipyard. It reveals the story of the Titanic through special effects or special activities. Nearly 400,000 visitors are expected this year alone.

Southampton City also marks the event. It is indeed from this port in southern England as the first passengers boarded the Titanic. Moreover, a large majority of the crew was from this town and most were killed by remaining on board until the last moment. The City Museum offers a special exhibition, interactive, allowing among other visitors to London find the room where justice investigated after the disaster. The shipping company Red Jet offers it for 54 euros, a departure by boat to the exact place in Southampton where the Titanic sailed.

The more curious, or less superstitious, will benefit from the offer of the Groupon site. For 9500 euros per person, they can navigate thirteen days in July, up from the wreck site and visit the wreck. On board the ship that will transport them, they may attend scientific conferences and will receive an autographed DVD of the film by Leonardo DiCaprio.

Permanent exhibition

Some commemorations are lighter. In Liverpool, where the Titanic made a stop, the sinking will be addressed as a musical. The West Kirby Light Opera Society is back in June on stage at the Liverpool Empire for a production called Titanic. The Musical, about 15 euros per ticket.

France and the United States also will try to capture the public interest for the most famous shipwreck in the world. At Cherbourg, where the steamer stopped to take his last passenger, the Cité de la Mer has expanded to create a new permanent exhibition. And to complete a journey that travelers will not have had the opportunity to complete, destination New York, where the auction house Guernsey's will start selling on April 15th 5500 objects belonging to passengers, or having found aboard the Titanic. Guernsey's was sold in 2004 for $ 100,000 a menu. Prices could soar again this year.

Finally, some cities which have a lot farther with the historical event has found a way to cash in, as the Anglo-Saxons, or to "cash in". In Atlanta, the Hotel St. Regis has developed one of the most profitable. Colonel John Jacob Astor IV, founder of the institution and died in the wreck, was the richest man on the Titanic. For 2000 dollars you can spend a night in the Empire Suite. This was the price of a first class ticket on the ship in 1912.

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Life insurance: rififi around social contribution

March 29, 2012 - 10:08 pm Comments Off

 

In recent weeks, investors do not understand anything. Some have seen all of their interests in 2011 life insurance policy amputees 13.5% Social Security contributions (CSG, CRDS …). Others paid much less. CNP Assurances, for example, said she has not applied the 13.5% interest acquired all of 2011 … for the simple reason that it was applicable as of 1 October in 2011. Before that date, and the tightening of government tax, the rate was only 12.3%!

ING Direct, he admits he was wrong. Customers have received an email, stating that the amount of payroll taxes that had been indicated (13.5% for all interests in 2011) was erroneous. The situation will be rectified in order to apply a rate of 12.3% through September.

This means that the position of tax administration, questioned on the issue, has been eagerly awaited. She gave his answer Wednesday. Disappointment! It returns insurers and investors to their contracts! Because, of course, the rate of 13.5% applies only to interest earned since 1 October 2011. But to know when these interest-precisely-are "acquired", "should refer to the relevant clauses of the contract," says Bercy. Back to square one, therefore.

For Aviva, the manager of the famous Afer contract, signed by some 720,000 savers, the interest shall be granted unless the performance of the contract for the year is calculated, and so when the interest is credited to an account. Or early 2012. That's why he applied the 13.5% interest in all the euro funds earned by the insured during the past year. This clause is most detrimental to investors.

For other insurers, we can at least take into account the minimum guaranteed rate. Many contracts provide a minimum return in effect during the year (it is applied especially to investors who end their contracts before December 31, and thus before the yield used for the past year is known). It is less generally used to return ultimately, but it has the merit to exist. If the contract considers that the interests are acquired at least the minimum rate during the year, it is enough to apply 12.3% Social Security until late September. And apply the 13.5% that of the rest.

India seeks to boost growth

March 16, 2012 - 2:28 pm Comments Off

 

On the eve of the highly anticipated presentation of Indian budget, the finance minister did not hide his concern. The growth of Indian giant is slowing. Up 6.7% over the 2011-2012 fiscal year, GDP growth is at its lowest since 2008, is concerned the Department in its annual economic report, released yesterday. The first sentence of the document shall, in this regard, eloquently: "For the Indian economy, it was a disappointing year in terms of growth," notes the report.

Pranab Mukherjee, Finance Minister, still displays a target double-digit growth over the medium term, but now the account is not there. The usual engine of Indian growth, domestic consumption and exports are down.

This year, the Indian authorities point the finger above the weakness of the trade balance. In fiscal year 2011-2012 (April-December), the deficit exceeds $ 130 billion, against $ 96 billion a year earlier.

This degradation of India's foreign trade partly explains the depreciation of Indian currency, the rupee against the dollar. However, the Government's report points out several reasons for hope. The export markets are diversified. A good thing, while services have suffered cruelly from the European crisis. India, which depends on the Old Continent for 20% of its total exports, should relax its export conditions, the report notes. A beacon of hope for Brussels, while negotiations on a Free Trade Agreement with the EU stumble on such a reluctance to open their Indian service sector.

Conservative

For Gaurav, an economist at a major bank in India, the government report is "a powerful indicator of what has been done" but "it is very conservative at the project level, and new ideas are struggling to implement, as the recently seen for reforms affecting foreign investment in retail, which were abandoned instant credit report. "

The Government welcomes especially the effectiveness of measures taken against runaway inflation affecting the country for several years. In January 2012, higher food amounts to 6.55% while it was close to 9% for ten months. This decline in inflation is not considered sufficient by the strong central bank to ease monetary policy. After raising thirteen times its interest rates between March 2010 and October 2011, the central bank chooses the monetary status quo since December 2011, to the chagrin of the business community.

Thursday, the central bank still has disappointed investors by leaving rates unchanged at 8.5% on the grounds that the "potential risk of inflation had increased due to the recent rise in crude prices, the budget deficit is widening and the depreciation of the rupee. "

The employers immediately expressed his displeasure, saying the decision "against-productive" for the economy. "The industry needs strong signals of relaxation to help the recovery of investments," said the Confederation of Indian Industry. The central bank has promised that "future actions will go towards a rate cut."

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The bids are raining down on an abandoned village in the Limousin

March 6, 2012 - 9:57 pm Comments Off

 

On February 20, during the auction of the hamlet of Courbefy, located 40 km southwest of Limoges, no buyer had appeared, despite a retail price of only 300,000 euros. With the effect of media coverage, between 150 and 200 buyers from around the world are scrambling to try to acquire this highly original property, offered for sale price of a two-room Paris.

Without buyers, the entire village, 19 rustic buildings in various states, the boxes for horses, pool, tennis court, culminating in nearly 557 meters high with a beautiful view of the mountains of Chalus in the Périgord Limousin regional park, should return to Credit Agricole, creditor's last owner who could not repay the loan. Its proposed resort, launched in 2003, has never worked and went bankrupt, causing the abandonment of the site in 2008.

The news of the sale of Courbefy was first taken up by the media in France, before being scattered by the whole world, fascinated by the idea that a whole village could be sold for a price as ridiculous . "Admittedly, this is an offer very original, very unique, because the entire village is sold at once," says Mr. Paul Le Figaro Gérardin, counsel for the Credit Agricole. "It's because someone has bought one by one all the houses after the abandonment of the hamlet."

After being abandoned by its last inhabitants in the 1970s due to rural exodus, the small village of Courbefy might find occupants with a last minute deal last Thursday filed with the court registry by Limoges an American company, AHAE Press, registered in the State of New York. This entity belongs to the Korean-born American photographer Ahae, artist specializing in landscape photography and wildlife, whose exhibition "Through my window" must be presented at the Louvre in Paris from June 26 to July 23.

With its 10% deposit of the purchase price, the sale process is restarted, and new auction will take place at court of Limoges on May 21. "I'm sure will be many bidders," suggests Paul Gérardin me. "We have already responded to 150 to 200 inquiries from around the world. Initial requests are first come from the Paris region, London, Belgium, the Netherlands, Sweden and other European countries before coming the United Arab Emirates, China, U.S. and Russian. "

One potential buyers, a Dutchman, wants to use the hamlet for a reality TV show in which participants would call premises in shape.

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Areva remains sole master of its mines

March 3, 2012 - 10:00 am Comments Off

 

The 2011 results of Areva, released Thursday evening, were sealed by its activity "mines". The nuclear giant has indeed devalued its uranium mines over 1, 45 billion euros. This loss comes from the assets of the company Uramin, acquired in 2007.

Areva does not yet puts into question its interest in the mining activity. Luke Oursel, CEO of Areva, has even said on Friday that "there is no scheduled opening of the capital of the mine." This scenario was discussed for several months, and a decree issued in late 2011 had approved the hiving Areva Mines, conducted in the wake.

World number one

The persistent interest of Areva is due: it is the world's largest uranium mines, alongside the Canadian Cameco. Moreover, this branch shows a strong margin. In 2011, EBITDA was 450 million euros to 1.29 billion revenue. The margin was nearly 35%. For the whole of society, the EBITDA exceeded 1 billion euros for 8.87 billion euros in turnover, representing a margin of 12%.

The difficulties Uramin however, show that this activity is risky. To reduce these risks, does not exclude Areva to partner on specific fields, as was done with EDF on February 10 for the Imouraren mine in Niger. "We always open the possibility of associating partners, mainly utility customers, contributing to project funding and in return remove the corresponding uranium production," confirmed Luke Oursel.

The desire not to enter a minority shareholder at the central level does not prevent the group, looking for cash, to carry out arbitrage in its holdings. He signed Friday an agreement with Cameco for the sale of the participation of 27.94% stake in Areva mining project Canadian Millennium for 150 million Canadian dollars (about 112 million euros). And the sale of the stake in Eramet seems a matter of days.

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