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Housing is more expensive. The French have the feeling, the numbers bear this out. Between 2005 and 2010, housing expenditures per household were up 17% on average, "is 4 points higher than the average standard of living," says a study released Thursday by INSEE. Including rents, charges, taxes, loan repayments, costs of water and energy, one in two households now spending more than 18.5% of his income to his main residence. This is their first item of expenditure to food and transportation.

The French however are not all equal before the weight of housing. Logically, the cost is relative to their incomes, greater for low-income households. For home buyers who still have outstanding loans also. But the tenants of the private park are not left out: one in five renters spends more than 40% of its income on housing, the study said. For fifteen years, it is those with low-income households, whose share of expenditure on housing increased the most.

36% of owners without passing through

Despite the surge in house prices, households that engage in buying a house or apartment do not spend a much larger share of their income, "especially because their loans are for periods longer long, and the changing profile of buyers, "said INSEE. A total of fifteen years, the overall effort increases somewhat – not least because the controlled rents of social housing and housing subsidies to tenants took advantage of HLM.

Meanwhile, since 2005, housing conditions are improving somewhat. First, 36% of households now own their primary residence without having to repay debt as such. The proportion of French people who no longer has to worry about deadlines for ending months of steadily increasing for over thirty years, but this increase was up 1.5 points in five years. It is particularly pronounced among older than 65 (65% in 2010 after 61% in 2005) and the affluent.

Then, the comfort is also improving. In five years, crowding back-except among low-income households.

The average area per person -41 m2-a slightly increased over five years but less than over the previous twenty years. The situation is actually quite variable depending on household composition: singles have on average two times more space than those who live (cons 73 m2 36 m2).

Only 1.4% of homes do not have basic sanitation facilities (against 15.7% in 1984) and almost all have a heating system.

The French and 64.1% are finding their comfortable residence, 33.4% and 2.4% moderately comfortable with more comfort (humidity, infiltration, darkness …).

Times are tough for young graduates. If students are struggling large schools unless their fellow academics, the path to the first job is difficult for everyone.

The current promotion of the ESSEC & Mannheim Executive MBA, or 46 frames back on the benches of the school to develop their potential, chose to give them a boost. As part of their class project "Challenge of the first job," they concluded an agreement with the Café of the future. This association helps young graduates in their job search, through sponsors of the business world. It organizes monthly meetings for it in "neutral zone", in cafes in this case.

"The goal is to break down barriers, says Françoise Lefèvre, president of the association. Young people are not prepared for the world of business. This is particularly true for graduates from college, but also for schools of engineering and business, we are seeing more and more. "These account for 40% of the profiles that the association sees passing. "We help them build a real job search strategy. 23% of youth unemployment in France, it is not permissible. "Since the inception of the association, five years ago, 150 managers have helped more than 2,500 young people.

Lack of transparency

Participants of the Executive MBA are as committed as chaperones. The first meeting was held on November 28. Of the 40 young unaccompanied, 15 found employment. The second, held today in the cafeteria of the Microsoft headquarters, will be followed by an evening debate in the presence of patterns, HRD, elected officials and academics. With a focus on the interview and the issue of transparency

.

MBA students have indeed conducted a survey of graduates (*) on this key moment, clearly identified by both parties as a game of hide and seek. "This lack of transparency affects the fluidity of the labor market payday loan lenders. Young graduates are aware, "says Gregory Lagabe, ESSEC MBA student, who coordinated the study. At 74%, those surveyed consider that they are not transparent may not correspond to the position. Interestingly, 92% say they are transparent in the interview, then they believe that only 46% of recruiters are … This reflects a lack of confidence undeniable. The survey also revealed differences between graduates and academics, the former being more transparent (73%) of their career than the latter (59%). "They are more transparent because their career plans is often clearer, which affects their ability to find a job," says Gregory Lagabe. According to the survey, they are 3.5 months to find employment, against 6.3 for academics.

"We must return to the human"

"Do not mechanize the hiring process. We must return to the human, "insists his side Xavier Fontanet, former president of Essilor, claiming in firms' best practices more widespread than we think." "Companies are looking for personalities. In an interview, a recruiter search for bumps, "says he, finally, inviting young people to showcase their life experience and" hidden talents ". "At the time of hiring, graduates usually come with very specific ideas, like" I want to be Claire Chazal or product manager at L'Oreal "… We must open his fields of research," said Will it

(*) Study conducted between December 2011 and March 2012 with 259 young people under 30 years of baccalaureate level 5 and above.

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The maneuvers are accelerating around Flammarion. On the eve of the filing of takeover bids from the publisher from its owner, the Italian group RCS Mediagroup (Rizzoli Corriere della Sera), the Strategic Investment Fund (ISF) said Tuesday be prepared to financially support a candidate . He justified his action as possible to "ensure that there is a French solution to the continued activity of this great publishing house," Jean-Yves Gilet, its chief executive.

And indeed, the ISP would have already talked to three editors, all French: Gallimard, La Martiniere and Eyrolles. As usual, the ISP would take a minority stake, ranging from 30 to 35% of the amount of the acquisition. The latter could reach between 200 and 250 million euros.

French solution

The position of the ISP would support a French solution. The group La Martiniere but Media Holdings (Dargaud, Dupuis …) have finally decided to make an offer. Editis is always a contender but he said the lack of belonging to the Spanish group Planeta. Remains in contention Gallimard, who could join with the publisher Eyrolles. This tandem could be helped by the ISP.

Well-managed home

Gallimard is well positioned to win. The current boss of Flammarion, Teresa CREMISI, was one of the closest collaborators of Antoine Gallimard between 1989 and 2005, when, to everyone's surprise, she took the reins of Flammarion. "The scheme would simultaneously Gallimard to share the financial burden with the ISP, and Flammarion to become French," says one banker no fax payday loans.

RCS Mediagroup would hope to draw from the sale of 300 million euros, twice the price he has paid in acquiring the publisher in 2000 to its family shareholders. The Italian group, which owns 77% of Flammarion, has already considered the sale of its French subsidiary in the past, without carrying the process forward. "We have no certainty, says an editor familiar with the matter. The diagram Gallimard is long established. But RCS Mediagroup trying to raise the stakes. "

Flammarion is rather salivate. This is one of the best managed houses of the French edition. The publisher, owner or Casterman J'ai Lu, emerging among the most profitable market.

The fund has financed 850 companies in 2011

By leveraging the Strategic Investment Fund (ISF) has managed to drain the last year of € 2.5 billion of capital into about 850 companies. Over three years, it is 7.1 billion euros were injected into more than 1,800 companies. Equity arm of the Caisse des Depots (51% stake) and state (49%) reached 19.1 billion euros at December 31, 2011, down 9% year on year, due the decline in France Telecom or Eiffage. Last year, the tool of public investment is limited to 3% decline in net profit to 629 million euros, at the cost of sales, which offset higher depreciation.

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Friday night, Greece officially launched the enormous debt exchange it has obtained with its private creditors. This is a complex mechanism that aims to relieve the country by erasing more than half of the slate, or 107 billion euros, and pushing the date for repayment of the remainder (99 billion).

How are things going? In exchange for an obligation of an initial $ 100, Greece proposes to give creditors securities with a value of 46.5 and waive the rest. The new obligations that creditors will accept the exchange are, for the initial value of 31.5, Greek titles and 15 titles from the European Stability (EFSF). The bonds will EFSF of short duration, to enable creditors to receive quick cash. Greek bonds, however, will last far superior. Specifically, for each security traded, the creditor will receive 20 new, lasting spread between 11 and 30 years. The goal is to push the repayment schedule of Greece on the amounts it still accepts honor for him time to recover. In detail, the tender specifies that the interest rates on new bonds will be 2% for securities maturing between 2013 and 2015, 3% between 2016 and 2020, 3.65% for maturities of 2021 and 4.3% for those from 2022 and beyond.

The debt exchange, sometimes called PSI (Private Sector Involvment, private sector involvement), is supposed to allow Greece to reduce its debt ratio to 120% of its gross domestic product by 2020 against 160% TODAY ' Today in the hope that it can eventually regain access to bond markets.  

Everything will depend on the reception of the operation

Athens hopes to conclude the procedure of exchange of debt by 12 March. The whole question now is how much of creditors will participate. According to a Greek politician, the government is optimistic it will be massive. Charles Dallara, managing director of the Institute of International Finance (IIF), which represented the private creditors, has also expressed its confidence. "When they have read the terms of the debt swap, there will be a high turnout," he said from Mexico City which opens a meeting of finance ministers and central bankers of the G20 countries.

Greece said it would not be required to make the debt swap if participation was revealed less than 90%. If it appears between 75% and 90%, then it will launch consultations involving its creditors. At a rate below 75% the exchange will not occur, warned Athens.

The future of Greece still doubtful

The crisis is still a long way to Greece. The Eurogroup President Jean-Claude Juncker said he could not exclude that it takes a third rescue package, echoing the offers of German Finance Minister Wolfgang Schäuble: "there is no guarantee that chosen path lead to success. It is also possible that this is not the last time that the German Parliament should consider financial assistance for Greece. "

Robert Zoellick to head World Bank until next June, the Court also found that the latest aid package of 130 billion paid to Greece would only allow Athens to save time. Finance ministers of the euro area will gather next week ahead of EU summit in Brussels on Thursday and Friday to review the measures provided for Greece, so that the second European rescue plan to be activated.

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Rio Carnival, which begins Saturday, will this year partly Chinese. More and more costumes, which make the success of this traditional Brazilian festival, are made from synthetic fabrics imported from China, rather than made in Brazil. And this year, China has further strengthened its positions according to the Brazilian Institute of Geography and Statistics quoted by AFP, the Brazilian textile production fell by nearly 15% in 2011, while imports surged 53 %, mainly from China. This year, Brazil will have finally made that 15% of synthetic fabrics used for the carnival, reports the president of the Brazilian Association of Textile Importers (Abitex). This type of fabric, inexpensive and easy to maintain, is increasingly popular among Brazilians for carnival festivities.  

Unbalanced relationships

The rise in imports of synthetic fabrics from China is emblematic of the relationship between the two countries. In 2010, China became the largest trading partner of Brazil, before the United States pay day loans. But Brazilian companies complain of the growing imbalance of trade relations. While Brazil exports mainly oil, iron and soybeans, the Middle Kingdom drinks market its products manufactured at low costs, which threaten local production. He also became the first foreign direct investor in Brazil, through acquisition, particularly in the energy sector, mining or production of soybeans. An imbalance compounded by the undervaluation of the yuan and over-valuation of the real. During a visit to Beijing last year, the Brazilian president, Rousseff, called for an upscale commercial relations between the two countries, making more room for products with high added value.

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A few hours were enough to blow up worldwide sales of securities of Whitney Houston on iTunes. Two compilation albums, and The Ultimate Collection Whitney – The Greatest Hits, have each been number one in the world and the United States, this weekend. For now, purpose requires Grammys, Adele comes back in front with his album 21. The tube I Will Always Love You, taken from the soundtrack of the movie Bodyguard, in which she starred alongside Kevin Costner, who has sold over ten million copies, remains the most famous of his career. As a tribute to the diva, Jennifer Hudson sang the title at the 54th Annual Grammy Awards on Sunday.

21221222396 by YardieGoals

The American singer and actress died suddenly on Saturday at the age of 48, in a Beverly Hills hotel. It was the same evening, attend a gala held annually by her mentor Clive Davis in the hotel where his body was found. The artist was also made in rehearsals for the show Thursday. According to a person present, she seemed disturbed, was sweating and his breath smelled of alcohol and cigarettes. The cause of his death are still undetermined, however, Lieutenant Rosen says that "there is no reason to believe that the singer's death is linked to a criminal act."

The images of his final scene:

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To save the decline of its magazine group, the head of Time Warner has chosen a specialist in the world of digital media communication. By appointing Laura Lang to head Time Inc.., Jeff Bewkes, the head of Time Warner, has plunged the newsroom of titles such as People, Time, Fortune and Sports Illustrated in perplexity. "She knows nothing about the press and publishing," some have criticized this woman of 56 years who previously headed Digitas, an interactive agency acquired by Publicis 1.3 billion in late 2006.

"It depends how you define the word" press "and" edit "," their replies in advance Laura Lang. The latter has extensive experience in communicating with users, readers of tweets, Facebook addicts and fans of digital tablets.A graduate of Wharton, a prestigious business school of the University of Pennsylvania, she serves on the board of directors of the agency Vivaki (Publicis Groupe) as well as advice clothing company VF Corp.. And Benchmark Electronics, industrial society and electronic engineering.

Renault continues its offensive on the niche of ultra-low cost. According to La Tribune, the manufacturer plans to build a car for the price shock of 2500 euros. Specifically, the newspaper said, citing economic "internal sources", a team Renault-Nissan has come into being on 1 January next year to develop all entry-level models of the group, and a platform an engine at a very low cost payday loans in 1 hour. This morning, the manufacturer confirmed to AFP that Detourbet Gerard, who led until the range low-cost Entry (Logan, Sandero, Duster) umbrella program.

Designed for emerging the poor, this car should allow Renault to boost sales as its traditional markets crumble. On the Old Continent, the debt crisis now weighs on sales of the group.

Financial markets have returned to levels before Europe Agreement. After the Greek Prime Minister George Papandreou announced a referendum by the Greek end of the year, the Cac 40 lost more than 9% over the last three sessions to fall below the 3100 points. Heads does one to a fourth consecutive session of decline? Not so sure if we are to believe some positive signs tangible and despite a sharp decline in the Tokyo Stock Exchange over 2% to 8640.42 points, China's financial markets have now returned and grew slightly.

Moreover, after falling more than 3% over the last two sessions, the euro started from the front, going above the $ 1.37 mark at 1 paydayloans.3735 dollars (0.53 %).

Thus, the CAC 40 futures contract maturing in November rose 1.7% to 3120 points."The hopes are placed in a sign of further easing to come, to ensure that the U.S. economic recovery do not bow," said Jonathan Sudaria operator for Capital Spreads.

France and Germany asking for explanations in Athens

On Wednesday evening, the markets will be attentive to the scheduled meeting between Nicolas Sarkozy, Angela Merkel, George Papandreou and the IMF. A meeting which follows the approval last night by the Greek government for the holding by the end of a referendum on the European Agreement last Thursday.

April 2012: fifty-four nuclear reactors in Japan are at a standstill. Not a nuclear power plant does not produce a kilowatt hour. Whereas before the cataclysmic tsunami of March 11, 2011, they provided 25% of the electricity of the Archipelago.

This scenario of a sudden release of nuclear energy in twelve months is not the political fiction. It is seriously considered by officials and experts. Asked about this possibility by Le Figaro last week during his visit to Paris, the new Japanese Minister of Economy, Yukio Edano, kicked into touch. And answered: "We have confirmed the safety of reactors stopped before restarting. I can not tell you when. "

Click on the thumbnail to enlarge the graphic.

Currently, only ten of fifty-four reactors are in operation Payday Loan for Bad Credit.Given the economic downturn, electricity consumption is expected to decline 4% this year compared to 2010.

Gas purchases up

To compensate for the cessation of nuclear power plants, Japan has a large fleet of oil-fired power plants, coal and gas but several were damaged by the earthquake. The Japanese also built in recent years of LNG terminals to house liquefied natural gas (LNG) imports. Tokyo has spent the last months of gas contracts with Qatar and Indonesia and in July, its oil demand rose 4% year on year.And purchases of gas to run them at current price, would cost between 15 and 20 billion.

While managing the emergency, the government of new Prime Minister Yoshihiko Noda has promised to set a new energy policy in the summer of 2012 to 2030.