No G20 has been so well prepared. But no G20 will, either, been so confrontational, so it comes at a key moment for the credibility of this forum of the twenty largest economies in the world. Revived by the Fed's decision to inject $ 600 billion of liquidity to support the U.S. economy, the war of tossed the exchange program Oiled Korean presidency, openly opposing the U.S., Europe and emerging countries payday loans.
A report to better manage the universities of tomorrow
The verdict is final. There was Saturday, almost half of demonstrators in processions in France during the 28th October. Some 375,000 people demonstrated against the pension reform across the country, against 560,000 on Oct. 28, according to the Ministry of Interior. The CGT has identified 1.2 million people in the parades, against nearly two million in the previous day of action.
It must be said that the reform was finally adopted by parliament on October 27, paving the way for its promulgation by the President of the Republic. Seized by the Socialist Party, the Constitutional Council must approve the reform by December 2. Nicolas Sarkozy will then promulgate the law within 15 days after the approval of the Elders. A law that repel from 60 to 62 the legal age of retirement and 65 to 67 years of age for a start at full rate.
After two months of mobilization, protest movement slowing. And more so that 71% of French do not believe in returning to the legal age of retirement at age 60, according to a poll by Ifop and the Foundation for Political Innovation (Fondapol) * , including the Journal du Dimanche published results. Regarding the transition from age 60 to 62 years, 64% of respondents believe that "it had to go through it" (95% for the UMP and 40% among supporters of the left), while 36% say that "it was necessary to oppose by all means" (60% left side against 5% UMP) cheap payday advance.
The resignation has settled
The French are resigned. "The reform is seen as necessary and not politics," said Dominique Reynié, director of Fondapol in the columns of JDD.They were 47% to support the movement on Saturday, considering it "justified", against 63% for the demonstration on October 28 and 71% for that of 12 October. Conversely, 53% of French people felt then that yesterday's demonstration was "not justified". While the PS is committed to reducing the legal age of retirement at age 60 if they win the presidential election of 2012, only 29% of French people believe in that promise. The PS will not win the battle of credibility in this conflict and pensions, the survey concludes.
Meanwhile, the question remains, following the movement. The Inter meets Monday to decide. The unions have already agreed this week of a new "rendezvous" between 22 and 26 November.
* Survey conducted from 2 to 4 November 2010 among a sample of 1007 people, representative of the French population aged 18 and older.
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Lafarge posted mixed results. The building materials group unveiled a lower than expected decline in net income in the third quarter. Conversely, the operating income is below expectations.
The world's leading cement has made the quarter a net operating profit fell 2% to 839 million euros, where analysts expected on average 873 million. A rising cost of inputs and contract volumes have infringed the group's results.
Sales meet expectations
Net income, group share, has meanwhile declined by 8% to 372 million euros against 366 million for the professionals. As for revenues, it amounted to 4.5 billion euros, up 6% thanks to favorable currency effects. This figure is in line with consensus analyst expectations."The trends have improved in most developed countries in the third quarter, emerging markets have remained strong, despite lower volumes on some of them, and Central and Eastern Europe showed the first signs of improvement since mid-2008, "the company said in a media presentation easy pay day loans.
In addition, Lafarge "maintains its forecast for global growth of its markets" and provides "a cement demand in its markets between -1 and +3% in 2010 compared to 2009."The group chaired by Bruno Lafont said that "given the changes in supply and demand, the outlook for the volume group may deviate from the trends in local markets in some countries" but that "prices should remain firm throughout the year, despite declines in some markets. "
In early trading, traders awarded the title that folds up nearly 2% where the CAC 40 0.3% ahead of him. It must be said that the markets were betting on the announcement of good news, reflected the recent rise in the stock by almost 10% in a week later, it is true, a decline of nearly 22% since the beginning of the year .
Auto Plus magazine published in its edition to be published Tuesday a list of the increases in fuel prices practiced by the major retailers during the shortage in recent weeks.
Auto Plus presents a table showing the prices charged by different retailers on October 6, before the shortage began, and Oct. 27, after the shortage. Among the good students (up 2 to 4 cents per liter) are Elf, Total, Intermarché and Cora."Elf Hat" because "this brand is one of the least expensive" and which "has suppressed its gains, while Total, with a small increase," practice of high tariffs, "writes Auto Plus.
Seven brands contained in "reasonable" (4.4 to 5.5 cents higher per liter): Carrefour, Casino, Agip, Auchan, BP, Esso and Elan bad credit pay day loans.
Finally comes the dunce cap assigned to "high rollers" (up from 6 to 11.2 cents per liter), in ascending order of price increase: Leclerc, Système U, Shell and Avia. "But there is already a downward trend," the newspaper said.
'The amounts (before and after the shortage) are average prices. They were drawn from our surveys of rates charged by over 300 service stations throughout the territory, "says the magazine.
Auto Plus warns that "these figures reflect a national trend.In some areas hardest hit by the crisis, the situation could be worse, increases there is sometimes more pronounced. "
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Growth is back in the U.S. since the summer of 2009 but Barack Obama still takes little credit. The Democratic Party is poised to lose many seats in Congress, a victim of expressing concern and also the disappointment of the Americans.
The concern was primarily due to insufficient job creation to fall back on unemployment. The Conference Board, a research institute employers, reveals that in October only 14.1% of Americans anticipated an increase in job offers. More than 8 million jobs have disappeared in the United States since the recession began in late 2007. That is fourteen months that the unemployment rate remains above 9.5%: this has not happened since 1948, the date of the compilation of employment statistics.
The disappointment of the Americans is proportional to the initial objectives of Barack Obama."The White House had predicted in January 2009 that the passage of his stimulus plan would prevent unemployment exceeding 8%. This prediction was silly, "says Barney Frank, Democrat of Massachusetts who chairs the Committee on Financial Services of the House of Representatives. In fact, 73% of Americans disapprove of the way Barack Obama runs the U.S. economy. Impatient people, Americans have wanted the great recession of 2008-2009 is already forgotten.
Outstanding infrastructure
The Republicans make much of the meager results of the apparent massive plan to revive the $ 787 billion passed without their support in February 2009. A third plan (288 billion), said "stimulus" was devoted to tax cuts.But the effect of stimulating consumption would have been larger if a good portion of those tax cuts had not been hoarded.
A third plan (224 billion) has also covered the transfer of credit to U.S. states under their health programs and education for example. Without them, the precarious finances of most states would have been downright tragic.
The remaining third (275 billion) was supposed to cover infrastructure costs. We realize today that the projects of roads, bridges and rail transport and subsidies were not as mature as the Democrats claimed. 45% of funds allocated to such projects have not yet been spent.More reason, say the Republicans, alarmed by soaring public debt, to "immediately freeze all spending."
The explosion of debt is another major concern of Americans. The risk that Barack Obama made them for years they seem disproportionate to the results obtained to date.
In 2009, Uncle Sam spends less than $ 200 billion in interest on its debt. This amount will be twice as high as 2014. The fact remains that without this stimulus, most economists believe that America has shifted into a depression. "The president is very little credit for having averted a depression," laments David Cote, Honeywell International boss. According to the Congressional Budget Office, the revival of Obama created between 1.4 and 3.3 million jobs.Reduced its total cost, it still represents an enormous sum of more than 238,000 dollars per job. Tea Party conservatives are screaming foul.
Reforms thwarted Barack Obama:
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