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"This crisis does not pay." One month after the birth of the movement of the "outraged" that has spread throughout the country, between 35,000 and 40,000 people, according to police, marched in Madrid against austerity. They were 50,000 in Barcelona, ​​police said. According to media reports, including 5000 people demonstrated in Granada, Malaga and Bilbao as much.

Madrinlène the crowd, arriving in six processions of all the districts of Madrid, gathered near the parliament in the center, opposite a row of blue and barriers to a dozen police vans blocking the road.

"Against unemployment. Organize yourself and fight. Let us march together against unemployment and capital, "proclaimed one of the great signs that punctuated the procession in Madrid. "We are not commodities in the hands of politicians and bankers," said another banner in red letters.Under the slogans, demonstrators of all ages, families with strollers, young, unemployed and retired, came to testify of the same tired response to the crisis that is strangling the Spanish company.

Unemployment and corruption

Protesters targeted the Stability Pact in the euro area and its imperatives of fiscal discipline, politicians accused of corruption and not the voice of citizens, unemployment hitting 21 easy to get unsecured personal loans.29% of the workforce in Spain, almost half the age of 25.

"We must prepare for a general strike. We will paralyze this country, "said a speaker at the microphone."Banks and governments that have caused this situation should be aware that we do not agree with the measures and budget cuts, we intend to be heard, and that we will," assured the flat platform calling for demonstrations across Spain.

Broad popular support

Tuesday, June 13, the "outrage" had dismantled their camp from the Puerta del Sol in Madrid, a symbol of this wave of protest. Enjoying broad popular support, they now want to consolidate their movement through the neighborhood assemblies and other occasional events.

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Jean-Charles de Castelbajac is in advanced talks with investors to mount a round table to buy the brand that bears his name, in receivership since May 3

The company was declared insolvent after the decision of the Swedish partner to stop investing. Sixth Swedish National Pension Fund, holder of 99% of capital funds associated with the Atlas (1%), became owner of the mark a bit by chance. This financial and specializes in shipbuilding and electronic chips, held a minority stake in the English group Marchpole, which bought Castelbajac in 2004. Yet it went bankrupt in 2009 and was then solved Swedish head of the French fashion label founded in 1978.

His creator, Jean-Charles de Castelbajac, had placed the rights of its brands in the company in 2000.When sold, it had been paid in shares Marchpole. After the bankruptcy, he has lost both its capital and name. After investing more than 10 million euros in two years in the redeployment of the company, Sixth Swedish National Pension Fund has chosen to stop the charges earlier this year.

"Low cost luxury"

In 2009, Castelbajac has suffered an operating deficit of $ 2.4 million on a turnover of 4 million, although sales of shops had yielded a net benefit. The debt owed to the shareholder would be some 4 million euros. The production of future collections can no longer be funded. Ironically, the brand through these financial difficulties, so she knows a new youth.

"The reality is brutal but I say it's providence to return to my company, yesterday gave Jean-Charles de Castelbajac at Figaro.At 62, the artistic director of the brand consultant has more energy than ever and ideas to sell to raise. He talks with several investors, industrialists and financiers, French and Asian, to mount a round table to which it is associated, which would allow him to reclaim his name.

It builds on both the prestigious image of a line of ready-to-wear line and second line JCDC available, sold especially on the Internet, which has exploded in recent years young. Worn by Lady Gaga Katy Perry, the brand new creative breath. "It's low cost luxury," says the designer, who is not afraid of trading. My ambition would be to aim the target of Zara. "The production of these products available would be developed in partnership with manufacturers under license.

The bronce Carlos Ghosn announced cons did not take place Friday at the general assembly of Renault. It took over an hour and a half presentation in the greatest calm of the group results and its strategic plan, followed by a real show on its future models, so that after a few innocuous questions manhandles the shareholder CEO by asking this question: "Why have you not resigned" after the fiasco of the true-false espionage?

Part of the room applauded his audacity. Carlos Ghosn did not answer himself, but left that task to Marc Ladreit de Lacharriere, director of the group and chairman of the governance.Lapidary, it said that after considering the report of the audit committee analyzing the failures of this case, "unanimity, the governance committee has indicated that there was no reason to propose the resignation of its president. "

Asked about the consequences of this case on the group's image, the CEO chose to use the expertise of Steve Normann, Director of Marketing and Communication. It finds no effect on the perception of patterns, but found "that the company's image is affected," with "many good and bad opinions."

Clumsy communication

Regarding the departure of Patrick Pelata, the number two manufacturer in the front row, and which the CEO has sent his "heartfelt thanks for his contribution" to the company, it "does not undermine the achievement of the plan," Carlos Ghosn has hammered.The recruitment process for his successor was hired, but no date has been announced for appointment. The name that circulates as Renault is one of Carlos Tavares, current director of the Americas Region at Nissan.

Undeniably, the group, whose communication was particularly awkward during the crisis, demonstrated skill at this meeting. From the start, Carlos Ghosn has defused the potential aggressiveness of the hall citing "two crises that have affected the company very differently: the attempted fraud intelligence," referring to the spy case, and Japanese disaster.

The CEO reiterated that the three fired executives would receive compensation at the level of injury, the amount was not specified, but about 8 million euros, adding the amount paid to a fourth frame unfairly dismissed in 2009.Moreover, Matthieu Tenenbaum, the most senior of the three unjustly accused has agreed to rejoin the group and the technology center will be next Monday.

All Executive Committee members were present behind a table on the dais. Consequence of the case, two have entered earlier this month: Marie-Francoise Damesin, director of human resources, and Mouna Sepehri, Deputy Director for the presidency. Behind them were exposed as two concept, Capture, and A-Space, supposed to represent the revival of the style of the manufacturer and the electrical Zoe, 2012.

Shareholders have expressed fatalistic

Finally, to satisfy its shareholders, Renault, which had not assigned a dividend last year, will pay for 2010, 30 cents per share.

On leaving the room, some shareholders who were unable or unwilling to speak publicly showed themselves fatalistic."Logically, Carlos Ghosn should have resigned," growls one of them. "Yes, but how to replace a pattern of this caliber?" Responds his neighbor. "I expected a more virulent meeting, but Renault has smoothed the event and Carlos Ghosn has shown a good sense of tactics in addressing the matter himself at the beginning."

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Patrick Pelata, the dolphin sacrificed

A week after the opening of the new earnings season, investors pull a poor record of the first publications and prudence will be more necessary than ever, while the quarterly number of trucks are expected.On the macroeconomic front, no indicator is expected Monday.

Futures on the Dow, the Nasdaq and the S & P 500 retreat respectively of 0.71% at 12,232 points, 2,296 points to 0.14% and 0.09% at 1309.50 points.

Alcoa, Google and others have greatly disappointed and severely dampened the enthusiasm of the market seeking strategy elements in the figures of major public companies on Wall Street.

The week begins Monday will be punctuated by the results of several sizes, Yahoo, Intel, IBM, Texas Instruments, Goldman Sachs or Citigroup.Cette avalanche of results will occur during a week shortened by one day, that Friday is work shortage in the U.S. markets.

Investors scrutinize an anxious glance news companies to see if these have already been able to estimate the consequences of the earthquake in Japan."We're all a little sleepy lately. This earnings season is timely for us to provide guidance on the direction to take, "said Mike Gibbs, managing director and market strategist at Morgan Keegan Memphis Payday advance. There may be some traps placed here and there and it could cause an increase in volatility. "

Johnson & Johnson active on the acquisition market

Pending the results of the first quarter of Halliburton and Citigroup are scheduled Monday.

As for values ​​to be followed, the US-Swiss group Synthes Monday confirmed discussions with Johnson & Johnson for a possible combination of their activities.Synthes speculation surrounded for several days, culminating Friday with a jump of 6.2% of the action on market rumors stating the interest of another group, the American Medtronic, also a specialist medical equipment.

British Orthopaedic Society listed on Wall Street, Smith & Nephew, could be a bid by Johnson & Johnson's market rumors.

Oil prices retreated Monday in the course of European trade in a market where concerns still weighed on robust demand, while OPEC has expressed concern about high prices, while reassuring the market supply. About 13 hours in Paris, on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude (WTI) for May delivery at $ 1.27 let go 108.39 dollars.

The Wii is going to hand. Consistently cited by many sources, Nintendo is preparing to introduce a new game console, at the latest at E3, the largest international exhibition of video games to be held early June in Los Angeles. The general view, this new console, the ability to display games in high definition, will be significantly more powerful than the Wii, and perhaps superior to the Xbox 360 and PlayStation 3, its competition with Microsoft and Sony .

The transition to HD will adapt games from the PC and other consoles, says the site Game Informer. If the Wii has distinguished itself from the competition with its motion sensing controller to the Wiimote, it has been hampered by a lack of quality games developed by third-party publishers, other than Nintendo.Last fall, Nintendo president Satoru Iwata admitted that the links with these game developers were too stretched. Thus, nine of the ten best selling games on Wii have been developed internally by Nintendo.

Nintendo have this time sought to be exemplary. The Japanese company would have involved its partners well in advance, so they start early game development, which would explain the passage the amount of leakage of information. In addition to saving power, the technical architecture would approach that of the Xbox 360, including the development tools are known and appreciated by the editors, outlines 01net.The new console will also adopt a Blu-ray, for storing sets of larger size, and always read the old games on the Wii thanks to backwards compatibility.

A touch pad as a joystick

According Computerandvideogames and 01net, the new console will also be accompanied by a new kind of controller. This unique accessory will take the form of a touch pad with a diagonal of around six inches, which will incorporate a front camera and replace the Wiimote. Each equipped with their own shelf, so players will have an individual screen, in addition to the image displayed on the TV. They will be able to deploy new strategies, out of sight of their opponents.

With this new controller, Nintendo KINECTS to replicate Microsoft's and Sony's Move, which focus only on the recognition of movements, in line with the Wii.The accessory will also be a response to smartphones and touch pads. A study by Google found that users of tablets used it primarily to play, before the Internet search and found the emails. According to a study released Friday, sales of games and Android iOS in 2010 accounted for 8% of U.S. income sector.

These speculations about a new Nintendo console arise while sales of Wii seriously slow. In the U.S., sales in the first quarter were halved in a year, according to data released by the NPD Friday. With over 80 million units sold worldwide, the Wii has largely outpaced the Xbox 360 and PS3, which exceeded the 50 million sales, but whose life will be longer.The output of the Wii's successor could come at the end of 2012.

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Nicolas Hulot, who had to declare candidacy for president on Wednesday morning that the economy is disconnected from reality. "I try to ask again and again the question of an economic model compatible with the physical reality of the world," he declared last December. The standard is not abundance but scarcity ", contrary to prevailing economic theories.

Created 20 years ago, Hulot Foundation for Nature and Man published in recent years of economic policy recommendations. The rhetoric to concrete action, these works are now a genuine box idea for an environmentalist candidate.

The instigators. Nicolas Hulot likes to say he knows nothing about economics. This is less true.He has surrounded himself in recent years of senior economists, like Patrick Criqui, an expert in the fight against climate change, or the founders of the consulting firm Carbone 4, Jean-Marc Jancovici and Alain Grandjean, advocates of "development sustainable. " Last December, he sent to Paris for a conference Tim Jackson, a British economist reference advocating a reduction in consumption.

"Desecrate GDP". "An infinite growth in a finite world is hopeless: there must be a fool or an economist to believe it," said Nicolas Hulot last December at a conference, paraphrasing the economist Kenneth Boulding. We must therefore evaluate the progress that otherwise simply by gross domestic product (GDP), which measures the creation of wealth by a country. Hulot Foundation for enthusiastic and alternative economic indicators, such as carbon footprint, or welfare no fax pay day loan.And welcomes the passage Stiglitz report commissioned by Nicolas Sarkozy on the measurement of social progress.

A large loan to finance "green economy". Education, training and research, "clean technology" energy saving … Hulot Foundation has calculated that France needs to invest 600 billion euros by 2020 in sustainable development. To avoid digging all the public debt, the state must borrow from the European Central Bank "to zero or very low." Economists of the NGO out the measurement in a technical appendix of 20 pages. Nearly 100 billion euros should be invested for example in the construction of 500,000 new homes, advocates the foundation.

Radical reform of taxation. Staunch defender of the carbon tax, Nicolas Hulot has apparently failed to disarm it.Its foundation therefore recommends to "pay more in energy consumption and reduce taxes on labor." Through the establishment of a climate energy "tax on energy consumption enterprises, governments and households," says the foundation in a document dated June 2009. This tax would be offset by a universal allowance climate for smaller households and less polluting.

Clamp finance. Hulot Foundation believes that "limiting the ability of banks to finance operations without social interest" in limiting the borrowing capacity of investors who speculate. It proposes to limit operations to leverage and lead the hunt for tax havens.

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Philippe de Ladoucette. Photo credits: DOMINIQUE FAGET / AFP

The CAC 40 breaks finally the figure of 4,000 points on Wednesday. In the wake of Wall Street – the Dow Jones gained 0.66% at 12,278 points – and Asian stock markets – the Nikkei climbed 1.92% to 9640.31 points, the Paris index opens up 0.91 % to 4024.02 points. And this after having stumbled twice on the psychological threshold. On Tuesday, the Cac 40 ended up 0.27% to 3987.80 points.

On the macroeconomic front, the INSEE published 12 hours the number of business failures for the month of October. For the euro zone economic confidence in March is expected at 11:00. Overseas, the program is the employment figures in the private sector for the month of March (14h15) and the weekly inventory of crude oil to the United States.

Oil is down slightly in early morning, below $ 105 for U.S. crude and 115 dollars for Brent.

Euro loses ground versus the U.S. dollar under $ 1.41. The greenback rose in turn against the Japanese currency, to nearly 83 yen to the dollar.

The Cac 40 all green

As for values, no title to remain constant at about 9:15 down. Since the beginning of the week, the auto industry is still at the party: Renault has the highest increase (2.23% to 39.25 euros) and Peugeot climbed 1.75% to 28.25 euros.Vallourec falls between the two manufacturers with an increase of 2.02% to 79.87 euros.

GDF Suez: 1.23% to 28.43 euros

GDF Suez has signed with 24 banks with a credit line multi-currency $ 4.5 billion for a period of five years to refinance in anticipation of undrawn credit lines maturing in 2012.

Total: 0.80% to 43.09 euros

Total share with the British and the Chinese CNOOC Tullow into three equal parts assets held by Tullow in exploration areas in Uganda, according to CNOOC.The group will pay 1.47 billion euros.

Pernod Ricard: 1.15% to 66.21 euros

Pernod Ricard has failed in an appeal of his request to have the right to use the USA brand of Cuban rum, Havana Club, according to a decision of the Court of Appeals in Washington.

Neopost: -1.03% to 63.20 dollars

Neopost Tuesday reaffirmed this year aiming for a rise of 2 to 4% of its turnover in constant exchange rates, after last year's growth of 2% excluding currency effects as a result of an acceleration its growth in the fourth quarter of 2010.

Sanofi-Aventis: 1.01% to 49.55 euros

Sanofi-Aventis announced that certificates of conditional value (CCV) attributed to shareholders as part of Genzyme's redemption of the U.S. laboratory by the French group will be traded on the Nasdaq after the close of the offer, which expires in 2359 New York City time, on 1 April 2011.

Metropole TV (M6): 0.38% to 18.52 euros

Metropole TV M6 title, said he was ready to launch two TV channels free on Freeview. In an interview with Les Echos, its president, Nicolas de Tavernost said, however, remain in favor of a moratorium on launching new free channels, following the announcement of a proposed general entertainment channel on Freeview by Canal +.

Medica: -3.51% to 13.90 euros

The fund BC Partners said considering a sale of approximately 14.6% stake in specialist care dependency.Following this transaction, BC Partners will own approximately 30.5% of Medica.

EuroDisney: 1.56% to 7.83 euros

The Financial Services Authority which is investigating the operations which the title was EuroDisney in February would be on the trail of an algorithmic trading company, according to Le Figaro.

Orpea: -0.70% to 35.35 euros

The private nursing homes and clinics Orpea conducted in 2010 earnings up 8.5% to 66.4 million euros, after a year marked by the acquisition of 5,000 beds that allows the group consider a 25% growth for 2011, according to a statement Wednesday.

After the stock market, and Trigano Bricorama publish their respective annual and quarterly results.

Green remained in the game this Friday. At the close, the CAC 40 gained 0.63% to 3810.22 points and has recrossed the threshold of 3800 points, dropped Tuesday. For the week, the benchmark index of the Paris Bourse has still lost 3% (-3.02% exactly).

Elsewhere in Europe, the same movement today: the DAX index of the Frankfurt Stock Exchange took 0.11% to 6664.40 points, while the London Stock Exchange rose by 0.39% to 5718.13 points. Over the last five sessions, they gave respectively 4.32% and 1.88%.

This general relief at the weekend followed the decision of G7 finance ministers to intervene to halt the yen. They announced their decision to conduct a joint intervention on foreign exchange markets in response to the steep appreciation of the yen in recent days.The yen hit on Wednesday its highest level since the Second World War!

Hand disorders in the Arab world, Libya announced a cease-fire while the UN was prepared to launch a military intervention. The Libyan withdrawal had a calming effect on oil pressure. The black gold is still beyond 100 dollars a barrel in New York.

No increase in Fukushima

Finally, operators learn with relief that the Japanese nuclear situation has not deteriorated. As pointed out by the IAEA, the situation remains worrisome in the Fukushima plant, but it has not worsened since Wednesday.

On the currency markets, the euro continues to gain momentum against the dollar: the currency was trading at about 17.30 1.4164 (1.05%).

Side indicators, the day was relatively calm.The producer prices rose 0.7% in February in Germany, a figure slightly higher than expected which feeds the fears of accelerating inflation in the first euro zone economy. According to figures released Friday by the Federal Office of Statistics, the annual increase stood at 6.4% after 5.7% in January.

Notice also that the euro area recorded a trade deficit in January increased over the same month a year ago and higher than expected, Eurostat said Friday.The trade balance for the euro area showed a deficit unadjusted 14.8 billion euros in January, following a deficit of 0.5 billion euros in December 2010 and a deficit of 9.7 billion euros January 2010.

Lafarge viewfinder S & P

Lafarge: + 0.85% to 41.41 euros

The rating agency S & P lowered its rating on the cement to "BB + / B 'with stable outlook.

NicOx: + 8.01% to 2.35 euros

NicOx signed a license agreement with Ferrer for Spain naproxcinod (cons osteoarthritis drug), which remains subject to approval in Europe of treatment. To date, naproxcinod has been authorized in any market.After watching this Retoque treatment by U.S. health authorities (FDA) last summer, NicOx announced its intention to seek licensing agreements in Europe and the world

EADS: + 0.92% to 19.24 euros

Airbus was the first indicted Thursday for manslaughter in connection with the investigation into the crash of Flight 447, Rio Paris, which had been 228 casualties on 1 June 2009. In addition, the helicopter manufacturer Eurocopter has announced yesterday the construction of a new plant in Mexico to an investment of $ 550 million (390 million).

Societe Generale: + 2.18% to 46.43 euros, Crédit Agricole: -0.53% to 11.22 euros, BNP Paribas 0.48% to 52 euros

Banks react little to assumptions for new tests of resistance in European banks, unveiled by the European banking supervisor.The new criteria are nevertheless considered "more severe" than in the previous year which had been criticized for its laxity.However, contrary to what she had planned earlier this month, the European supervision of banks (EBA) has not published the list of establishments that would be subjected to these tests.

Renault: 1.52% to 38.14 euros

Thursday, after an interview with Carlos Ghosn, CEO of the automotive group, Christine Lagarde, Minister of Economy and Eric Besson, Minister of Industry, reiterated a "thorough audit" had been requested on this matter " to identify the origin of recently observed failures within the company. "

NRJ Group: 4.02% to 7.50 euros

The group reported a turnover up 4.1% to 343.6 million euros, while net income group share was increased fourfold to $ 32.3 million euros.

Sodexo: -0.60% to 48.14 euros

Its U.S. subsidiary has filed a complaint Thursday against a civil union Service Employees International Union (SEIU) which it accuses of illegal practices concerning unionization of employees.

NYSE Euronext: -2.31% to 24.92 euros

The proposed takeover of cons-Nasdaq OMX Group is facing a dispute with his partner approached, the IntercontinentalExchange, the Wall Street Journal reported on its website Thursday.

Total: -0.07% to 40.76 euros

Total Petrochemicals is putting into operation a new unit of 50,000 barrels per day refinery in Port Arthur, Texas, said a spokeswoman on Thursday.

Archos: -4.81% to 7.52 euros

The group hopes to double its sales in 2011 and return to profit by betting on the booming market of touch pads, but warned that the Japanese disaster may have affected his production, "said CEO and founder Crohas.

We do not accept a contract of life insurance to invest money for a few months, for sure. Insurance rhyme first with long-term. But life is not always smooth sailing and sometimes it becomes necessary to dip into these savings before time. For additional income or in case of hardship, the savings invested in life insurance is available. How? Two little known options can help you out while preserving the priority of the contract (nothing changes in the taxation of the contract) and the ability to make further payments.

Perform a partial redemption: a smaller tax over time

The withdrawal (or buy) allows you to create regular income. It includes some "savings" and some "interest or capital gains."It is the latter which is only subject to payroll taxes (12.3% since 01/01/2011) and the income tax or a standard deduction amount varies depending on the age of the contract: 35% if less than 4 years and 15% if between 4 and 8 years (*). Past 8 years, interest is not taxed, if less than 4600 € / year for a single person and less than 9200 € / year for a couple filing jointly. Better to book this type of operation to the "old" contracts and verify each year that the exemption limit is not exceeded.

Advance, neither tax nor social security contributions

The advance is a specific need and limited in time payday loans. It's actually a loan made by the insurer on the available savings, which also continues in its full, grow as if nothing had happened.The advance may not exceed 80% of savings invested in a vehicle in euros by example and must be repaid within 3 years of receiving payment (these terms must be included in the general conditions of each contract). Cost or interest rate is the average rate on government bonds plus compensation insurer (+0.50% to 1%). The advance, which is an advantage, is not considered by the IRS as income or capital gains: there is no tax or social charges payable on the amount received … provided that it is actually repaid.Otherwise, it will be reclassified to withdraw, with the tax applicable to them!

(*) There is tax exemption, regardless of the duration of the contract in the event of termination, liquidation, severe disability, etc..

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