World and National News

After the United Nations Conference on Trade and Development (UNCTAD) and World Bank, it was the turn of the IMF (International Monetary Fund) and the Bank of France to take a position on the yuan.

Invited BFM Radio, this Tuesday, Christian Noyer, governor of the Bank of France said that "to have a robust and sustainable growth for world economies, the issue of currency must be resolved. In G20, we are negotiating with China to find the right system to get the best balance.

"The G20 must address the issue of exchange" (Walnut)

He deplored the existence of two systems with a share of them floating currencies like the dollar, the euro, the pound or the yen and other currencies fixed, as the yuan."If a small country has a fixed currency does not pose a problem, but the fact that this is a country central to the economy, the coexistence of these two sytems is therefore more feasible," said Governor Bank of France.

For its part, Dominique Strauss-Kahn, IMF managing director, in a speech to the European Parliament in Brussels, ruled Wednesday that the Chinese currency was "very undervalued", echoing account criticism of the United States.

For the former French Minister of Economy, Finance and Industry, a reappraisal of the yuan through a Chinese growth "more driven by domestic growth" and consumption, and less by exports and cheap products payday advance . A model that China will continue to develop.And for this, the Chinese government has reiterated its desire to stimulate consumption. Thus, 14% of Chinese GDP, under the stimulus plan has been devoted to domestic demand.

Pressure on Barack Obama

Tuesday, UNCTAD said that letting the yuan float would not solve the problems of trade imbalances, an argument advanced by Washington. For its part, the World Bank has advised Beijing to let its currency appreciate.

After the open letter sent Monday by one hundred thirty legislators to U.S. Treasury Secretary and Secretary of Commerce, five U.S. senators have proposed a text yesterday to redefine the criteria by which a currency is considered handled.Where manipulation proved, trade sanctions can be taken through tariff barriers on imports for example.

The increasing pressure on Barack Obama, U.S. officials did not hesitate to bring to account the "undervalued" yuan a share of the rise in unemployment across the Atlantic. The legislators also believe that the low level of the Chinese currency is an indirect subsidy to Chinese exports and import taxes.

"Read the text of the letter

Good news for European women: since the month of May 2009, their unemployment rate, usually systematically higher than men, for the first time fell below theirs. A sudden catch that unfortunately we can not impute to the crisis. The sectors of industry and construction, traditionally male, have been particularly affected by the decline in economic activity, while those within the tertiary sector, more investment by women were generally spared. But this statistic, although seemingly positive for women, also stresses that many sectors are overwhelmingly invested in either one or the other sex.

The report Grésy devoted to professional equality between men and women, has certainly highlighted the "tremendous progress" already observed in the field: women now represent France in 47% of the workforce in 2007, and this 83% are women 25 to 49 years who work. Above all, the mix has risen sharply among the most skilled trades. The social portrait of INSEE reports that young women who leave the education system with a level of training on average than that of boys, have become a large majority among the legal profession (there are now so many lawyers than lawyers), communication, or doctors.Even among the skilled trades to more technical nature, where they remain in low numbers, a trend is emerging: there are now nearly 40% of female engineers or technical managers fresh out of school, as against 9% among older !

A marked polarization in low-skilled occupations

But the picture is not all rosy. And it seems that both ends of the scale of qualifications is the rub. At the top level, the proportion of women remains marginal: 8% of women just sit on boards of directors of the 500 largest French companies, so that a bill is to introduce a quota for women in these bodies. And it's almost the same sound of a bell among the least skilled jobs."The mix has even declined," says Florence Chappert, special assistant to the department skills, work and employment Anact (National Agency for the Improvement of Working Conditions). "Among low-skilled occupations, trades polarization between men and women is sometimes even more pronounced among beginners in the former, confirming Insee.

Overall, if the girls were always reduced appetite for professional studies, they are still more likely to opt for health and social sectors or specialties Secretariat, when it run. For boys, it is instead the power-electronic outweighs their votes.Result: the construction workers are at 98% of men, those in process industries are at 76%, while, unsurprisingly, 98% of secretaries are women, and that 98% of home helps, 75% administrative workers of category C, 99% of childminders … If the cultural environment is of course a factor in explaining this distribution, Florence Chappert said he is not alone: "If we wanted a stronger proportion of men among the home support, this would require review and atypical partial schedules that are so frequent, often at the expense of women, and raise wages, "said she. Just as the introduction of female workers would necessarily lead to a mitigation of the harshness of the trade."However, there is no question of the mix at any price: the men and women can sometimes lose to find exactly the same positions.

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The journal "Gender and Labor Conditions of Anact

Like the Paris markets, U.S. stock markets opened in green on Friday, supported by the employment figures less bad than expected. The United States has in fact lost 36,000 jobs in February than in January and the unemployment rate the country has remained stable at 9.7% this month, according to the official report on employment released on Friday, while analysts expected a decline. The Dow Jones advance of 0.36% at 10,482 points, the S & P 500 rose 0.46% to 1128 points and the Nasdaq's 0.46% to 2303 points.

U.S. investors are reassured by the Prime Minister's announcement that China has promised a 8% growth for China this year.Thursday, Wall Street closed higher on a comfortable, supported by bearings recommendations.

In addition to the employment figures U.S., those of consumer credit in January, will be published in 21 hours.

As for currencies, the euro fell sharply Friday against a dollar backed by the release of employment figures in the United States, and reassuring the operators on the strength of the recovery of the world's largest economy now payday loans