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This is a first. Boeing has unveiled Tuesday on the economic impact of its partnership with the French manufacturers. And it is quite significant. In 2008, Boeing had charged for 4 billion worth of contracts to subcontractors lights, representing 9.6% of turnover in the sector. Of this total, 2.8 billion from direct contracts with manufacturers and the balance through the airlines at the head of Boeing fleet. The activity generated by the aircraft manufacturer in France had led to the creation of 23,000 jobs, 11,500 of which direct the total end of 2008.

"2009 has been loaded, 2010 will be equally dense" warned Friday Nicolas Sarkozy during the presentation of his wishes to the social partners. After congratulating unions and employer representatives for their "spirit of responsibility in the crisis, the head of state has listed the main projects of 2010 on social issues.

Unemployment in particular, "will be at the heart of our action in 2010," he announced, as well as the management of addiction, "fifth social risk. The job priority for the coming year, so even if the head of state welcomed the positive results already achieved in this area. "Unemployment, with the exception of Germany, grew everywhere more than France.I do not satisfy, but if it was the opposite, which would be responsible? I have an idea … "

"The major problem of our social protection

As previously announced, 2010 will also be an opportunity to address pension reform. "It's been 50 years that we gain a quarter of life expectancy per year. This progress requires us to make decisions, "he said. Moreover, "the French are not mistaken, three quarters are concerned about their retirement. In this area, the head of state warned it will take account of the arduous work. "It's a defect French confusing equality and uniformity," he explained, suggesting that retirement may not be recognized for all the same.

The Head of State had previously commended the social partners for their spirit of responsibility during the crisis.A speech already supported by Francois Fillon during his vows to the press, and a way to encourage social partners to continue this work in 2010 for the implementation of further reforms, and in particular, thorny pension . "I do not believe in our social history, we've already had a social dialogue as dense," he noted as well. "Rather than fan the flames, everyone had to heart to find solutions to the ills that affected the French," thereby achieving "a form of maturity of our democracy." "Our duty is to tell us" he meant well.

AOL announced the color in late November. On 6 900 employees, 2 500 people were invited to take voluntary departure, otherwise there would be layoffs. Having only received 1 100 applications for voluntary departure, the Internet group has begun to deploy, yesterday, a comprehensive plan layoffs. In France, management presented a plan to close the staff representatives. One hundred employees are concerned. Germany is also poised to close shop. The AOL offices in Sweden and Spain will close early. The first redundancies notified on Monday, will take effect on Wednesday. AOL, which has left the fold of Time Warner in early December, having provisioned for 200 million dollars in charges.

The meeting had yet begun in a friendly atmosphere, around a few cakes of kings. Tuesday morning, the eighth floor of the MEDEF, after an hour of quiet trade on the carbon tax and social negotiations, the clash occurred without anyone waiting on the highly technical issue tenders Association fund management integration of persons with disabilities. Clash between the two numbers 2 "tie" of the organization, Jean-Charles Simon and Helen Molinari, whose disagreement was notorious. For some, Jean-Charles Simon had treated Helen Molinari of "idiot" and "incompetent" before slamming the door. The person himself, swears that he kept his composure. "I said what she said was false then I left the meeting," he promises, that confirms a witness.

What does not yet know the participants is that they will never again see Jean-Charles Simon.For him, this incident is the straw that broke a vase too full for several weeks. The evidence was that Laurence Parisot, despite assurances that he swears that he obtained in December, no desire to change the allocation of tasks with Helen Molinari. Back down in his office, he sends his resignation by email to the president of MEDEF, asking not to his notice three months, and leaves the building. Definitely. This email, Laurence Parisot discovered in the early afternoon and will act without a call to his ex-delegate-general to understand the decision or seek to hold him.

Things might have stayed there and the MEDEF, after the resignation proved by Le Figaro, could minimize the event. But Wednesday morning, the machine goes.In a statement to AFP, Jean-Charles Simon recalls failures "in decision-making and organizational roles, ranging up to criticize" the professionalism of the leadership "of MEDEF. The employers' organization responds by accusing him, in a statement at your unusually steep "having conducted his own end after a spectacular incident," and provides "support to internal teams Medef that have been proven these unusual methods. " The break was complete.

Denis Kessler Photo credits: Le Figaro

L'Oréal is continuing its offensive to win the American hairdressers. The French group has just acquired two distributors of hair care products in the United States, Maly's Midwest and Marshall Salon Services, which carry a combined turnover of 130 million and provide 40,000 salons in the Midwest. These acquisitions bring to 80% coverage direct from the U.S. market by the firm, against 50% previously. They represent a continuation of the strategy number one global cosmetics to distribute his own professional products on the market, which weighed about 60 billion dollars (sales salons and spas in the U.S.).

Three years ago that L'Oreal has decided to take matters into their hands. In 2007 and 2008, he had already acquired Beauty Alliance, Maly's West and Columbia Supply to sell products directly to its range of L'Oréal Professional, Kerastase, Matrix and Redken.Objective: To monitor more closely a key market, which weighs one third of global sales of its professional division. This allows the giant of French industry in managing direct without intermediaries, thus controlling its margins at each stage of struggle against the flow of counterfeit goods, a widespread scourge in the United States and, especially, to develop direct relations with hairdressers.

Ensure fidelity of hairdressers is indeed a prerequisite for selling its products on the market very battle. Its subsidiary specializing SalonCentric Florida-based approach one by one the shows and their "designers" as they call them across the Atlantic. Specificity local hairdressers are in fact often self-employed who rent a chair in a salon. It is therefore necessary to convince individuals to use the group's products, while their neighbor salon can procure from a competitor."L'Oreal was founded more than a hundred years to serve and inspire the professional hair salons around the world," said Paul Sharnsky, President SalonCentric. This strategy should enable the French group to increase the efficiency of its business in the United States, where sales dropped by over 6% in 2008.

After a 2008 black, stock markets around the world experienced in 2009 a substantial rebound in the light of an economy still recovering. In Europe, the Dax in Frankfurt rose 23% to 5957.43 points December 31, while the FTSE in London was granted 22.07%, to end the year at 5412.88 points. The squares of Brussels (+ 31%) and Madrid (+ 30%) did even better, while the Swiss market shows an increase of 18.27% and the Milan Stock Exchange rose from 13.28%.

A second half of 2010 uncertain

In Asia, equity indices recorded spectacular gains. Shanghai has taken over 80% in one year, and Hong Kong has offered an increase of 52%.Even in Japan, where the structural problems persist, the Nikkei index Featured jumped 19.04% in 2009, to reach 10,546.44 points at the end of the year.

Across the Atlantic, the Dow Jones rose over the year to 18.82% and the Nasdaq composite jumped 43.89%.

According to the main house management, year 2010 should be characterized by a sustained increase in equity markets in developed countries during the first half of the year. The interest rates of central banks and European American should not be raised before next fall or later, consider including Axa IM, Pictet and Aurel BCG.

Then, visibility fading. The recovery plans, adding to public debt, will sooner or later disappear, and allow growth to take charge alone.

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Barely two months after the EU-Russia summit in Stockholm, the energy tensions resurface. Moscow may decide to deprive Slovakia, Hungary and the Czech Republic of oil because of "unresolved issues between the Russian Federation and Ukraine," said the Slovak government in a statement Monday, citing a letter sent by the Russia to the European Commission.

In this letter, Moscow stresses the existence of a "trade dispute" with Kiev, confirmed a spokesman for the European Commission Figaro.fr. "Member states have been alerted to this note by the usual procedures. The oil price is a sensitive issue between the two neighboring countries, which have already been two "gas wars" in late 2005 and early 2009. If Europe is much less dependent on gas than oil from Russia, the prospect of closing the valve by Moscow worried.Slovak Prime Minister Robert Fico has convened an emergency meeting of the Security Council in the country on Monday, the government said.

Kiev wants "guarantees" on transit

The Ukraine has not responded. Sergui Zinkevitch, a spokesman for the Ukrainian pipeline operator Ukrtransnafta, told AFP that Kiev wanted to review the conditions of transit of Russian oil to the EU. "The current contract was concluded in 2004 for fifteen years, the Ukraine wants to make amendments." And seeks assurances from Moscow on the volume of oil transiting through the country. "Negotiations are continuing," acted as spokesman. According Sergui Zinkevitch, however, complaints from Moscow did not arise, the tariff issue has been resolved."A compromise satisfactory to both parties has been found," he said.

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"Russia threatens Europe with a new gas war

Statistics mixed and disappointing in November in the United States. Consumer spending rose for the second consecutive month, gaining 0.5% on month, after rising 0.6% in October, according to statistics published Wednesday by the Commerce Department.

Although most economists expecting the continuation of consumption suggests an acceleration of growth on the end of the year, confirming the rebound of 2.2% in the third quarter.

The increase in consumption was accompanied, in November, the fifth consecutive increase in household income at 0.4%. Although this is the largest increase in this indicator since May, it remains below expectations (+0.5%).

Despite this more favorable context, the real estate market continued its descent into hell, touching its lowest level since April.Sales of new homes have plummeted 11.3% in November to 355,000 units annually. A very unpleasant surprise to economists, who expected 440,000 sales. To make matters worse, the figures for October were revised downward, to 400,000 units against 430,000 previously estimated.

Senators are sitting on a pile of gold. Their very generous pension fund available in late 2008 from 575 million euros in reserves. Enough to finance 23 years of service! This study reveals that Safeguard pensions, including Le Figaro revealed the exclusive content.

The association, which aims to promote equity between the retirement of private employees and that of other assets (staff, nationals of special schemes …) based on official documents, public or not.It highlights the "extraordinary performance" of the Senate plan: taking into account life expectancy and age of retirement (67.5 years), a senator "means" receive before his death, 4.90 euro pension for every dollar contributed during his career – against 1 euro pension for about an employee's private and 2 for an official.

A former senator who made a single six year term and receives 1 932 euros monthly pension. Either "30% more than the average pension of an employee's private after a full career," observes Backup pensions. Only condition, almost always true: have paid double, as any senator has the opportunity during his first fifteen years in the "house" (480 euro premium "pay" per month). Reversion (retired widower and widow elected) is more favorable than in the general scheme.Finally, "most varnishes are the senators from the public (39% of the Chamber)," wrote Saving pensions. They can continue to contribute 7.85% of wages they would have received in their original, adding the State as 60.14% for all staff. Finally, they combined so full of retired staff and retired Senator, unlimited.

And yet, despite this apparent generosity, the body of senators shows no deficit, despite his bad demographic situation: 1.7 to 1 pensioner contributor (cons 1 retiree for 1.4 active in the general scheme). By what miracle? Strong support from taxpayers? Not really: the contribution "employer" paid by the Senate, represents 2.4 times the premium "pay" for senators.This is more than in the private but much less than in the public or any other special arrangements (for members, taxpayers pay 7 times more than the elected themselves!).

Everything comes from the fact, that the backup pension scheme senators is "remarkably managed. Based on the collective capitalization (1), he leads every three years an audit in which it updates its forecasts and issue invitations to tender to select managers for its funds. Sewing up since birth … in 1905, he held a "pot" whose composition is unknown but the end of 2008 amounted to 575 million euros – given the financial crisis, a provision impairment has been moved cautiously, however, reducing the carrying value of these reserves to 484 million.Result: only the interest generated by these investments provide over half of the pensions paid each year.

A pool of 1 billion euros in 2050

A performance such as – and this is the only criticism Backup pensions – by "employer" is "not only immoral but unnecessary. Why bother keeping a grant which only swell the reserves that increase perceptibly from year to year? ". Calculations of the association, placed at a reasonable rate of 4%, this kitty will reach 1 billion euros in 2050 …

(1) Safeguarding pensions do not hide that she is campaigning for the introduction of a dose of capitalization in the general scheme, which currently relies on distribution, Ed.

"DOCUMENT – The study Backup Pensions (pdf)

The National Association of food industries (Ania) decided this morning after three hours of heated debate, leaving the MEDEF, it was learned from corroborating sources.

After your secret ballot procedure rarrissime the board took this decision by 18 votes against 12. The Ania MEDEF considers that it "pays" too little regard to the amount of annual dues (over 600,000 euros).

Yet no decision to join another employer organization has been taken. The departure of a large federation, which had supported Laurence Parisot when she presented herself at the head of MEDEF, is a blow to the boss of bosses.

The owner of Ania, Jean-René Buisson, will hold a press briefing at 15 am explaining the decision of its directors.

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"The food industry is considering leaving the MEDEF