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Real Estate: S & P is betting on a price decline of 15%

April 13, 2012 – 3:04 am

 

This contrasts with forecasts of real estate agencies. While Century 21 provides a stable property prices this year, Standard & Poor's anticipates a price decline of 15% by 2013. The demonstration of the rating agency is rigorous: in France, when borrowing capacity decrease, property prices nosedive. Between September 2007 and March 2009, borrowing capacity have receded by 7%, with the key to lower prices by 10% between March 2008 and June 2009. "In the next eighteen months, we expect a drop in borrowing capacity of the same magnitude, we read in the S & P memorandum, published yesterday. And also in 2012 we anticipate a 20% reduction in the number of home loans. "

That's why the rating agency predicted a price decline of 15%. To support his argument, it gives some examples of the greatest requirement of banks' property loans. By July 2011, the average credit was increased to 211 months (17 years and a half) against 237 months (almost 20 years) in March instant payday loan. As the number of credits, he has already plunged 40% last February. Another indicator that calls for a decline in prices: the real purchasing power is likely to decline in France, according to Standard & Poor's, in the first half, inflation would reach 1.3%, while disposable income would increase only 1% and would not know of developments in the second half. As for interest rates, they could rise to 5% by the end of the year, against 4.7% on average in December. Plausible macroeconomic data that fail to address one element highlighted by estate agents, psychological aspects related to buying a home. The coming months will tell if reason prevailed over passion, if S & P has better sensors that real estate professionals

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Negotiate with care: advice from a former Raid

April 11, 2012 – 12:08 pm

 

"I stopped the rally when I stopped being afraid." This is me raccompagnant Combalbert Laurent, founder of Ulysceo, negotiation expert, gave me this confidence. I forgot to ask this central question, how to control his fear during a job interview. I will never have the answer to this boy who believed that, without fear, he could not negotiate with hostage takers and madmen without running a risk to himself or others.

This experience, he now puts it at the service managers and companies. What lessons can we learn his art of negotiation? As part of a job interview also requires knowledge of the objectives of each other, positioning its offer, knowing its strengths and evaluate the expectations and desires of our interlocutor high risk personal loans. In short, goes like this, it's simple. So I tested the former member of the Raid. I asked him to make me talk. According to the theory, practice. And you can see the result immediately after the end credits.

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SERVICE:

"Job offers in France and abroad with Cadremploi

FOLLOW THE INSTRUCTIONS ON FIGARO:

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Sernam: Geodis maintains its takeover offer

April 9, 2012 – 9:12 pm

 

The CEO of Geodis would flip-flop. According to Libération on Monday, the freight subsidiary of SNCF should ultimately maintain its takeover offer Sernam. "I say again very clearly that we have made an offer with the intention to resume Sernam. [...] We will present in court Tuesday, "assured the head of Geodis, Pierre Blayau.

These comments contrast with those held this weekend in the columns of the Sunday newspaper. Pierre Blayau there considered "not dramatic" the hypothesis of a carrier's bankruptcy. And remember that Geodis accompanied its takeover offer on two conditions.

The first, on the € 642 million illegal aid demanded by Brussels, has been fulfilled. The European Commission agreed Wednesday that the buyer does not inherit Sernam the repayment obligation. But the second, concerning the financial health of the carrier and the state of its cash, however would default. Geodis claimed that Sernam to work only for 30 to 45 days, which would require a cash of about 30 million euros.

Government pressure

Earlier in the week, Pierre Blayau, who considers the financial position of Sernam very poor, had signified to the unions that the recovery was compromised. "It made us realize that it will not be able to maintain its offer," explained Alain told AFP Wednesday Delpuech CGT carrier. According to Libération, Pierre Blayau has even said that the resumption of Sernam could "endanger jobs at Geodis."

For the newspaper, citing several sources, only pressure from the government would explain the reversal of Geodis. "The Elysee has called this weekend for Blayau maintains its offer," says a source close to release the file.

The transport minister, Thierry Mariani, has so far invested actively in this matter. The effect of the liquidation of an enterprise of 1441 employees on the eve of the presidential election is considered disastrous. The Commercial Court of Nanterre travel Tuesday its decision on the future of Sernam.

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France won the followers of religious tourism

April 8, 2012 – 6:16 am

 

France is already the "spoils" of foreign tourists, with 77 million international visitors in 2010, according to World Tourism Organization (WTO). And to remain so, she can count on its approximately 50,000 religious buildings (monasteries, abbeys, cathedrals, churches, synagogues, mosques, etc ….) that attract more and more tourists, especially during holidays such as Easter or All Saints . But not only. "There is definitely a trend in favor of deep spiritual tourism," says Geraldine Bale, president of the association Sanctuaries Cities in France, which includes 15 sites of pilgrimage including Lourdes, Mont Saint-Michel, Chartres, Lisieux or Vézelay ( Yonne). The increase in attendance of these sanctuaries is stable for several years, the range of 5 to 10% per year depending on the site.

The Sanctuary of Lourdes. Photo Credits: Richard VIALERON / Le Figaro

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EDF said to have stopped the leak of radioactive water at Penly

April 6, 2012 – 3:20 pm

 

The Nuclear Safety Authority (ASN) announced tonight that it has raised its system of crisis to the nuclear Penly, Seine-Maritime. Yesterday, two fire starts in a reactor caused a leak of radioactive water on an attached cooling system. The water was then collected in tanks provided for this purpose inside the building. But following the intervention of the EDF teams and firefighters, "since 4:00 this morning, there is no leakage at the joint of the pump," EDF said in a statement this morning. "This return to normal on the cooling system has removed the internal mobilization plan at 5:15 this morning."

"By lowering the pressure and temperature of the primary circuit, the Central teams were able to reduce dramatically the water leak, which will ultimately lead to the start of construction expertise and repair Pump ", had said that night the electricity group in a statement. The reactor, which itself off during the fire starts, is being cooled.

Someone slightly burnt

The ASN provides that "the incident had no impact on the environment" and listed in Level 1 ("anomaly") on account that the seven nuclear safety INES scale.  

No radioactive contamination was detected on the 29 persons involved in the reactor building to extinguish the fire starts but one of them was slightly burned during surgery, said last night the Director General of ASN Jean-Christophe Niel. "This is an injury limited" according to information from EDF, he said.

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James Murdoch from the chairmanship of BSkyB

April 5, 2012 – 12:24 am

 

James Murdoch is decidedly persona non grata in Britain. The scandal last summer tapping in the News of the worldâ earned the son of Rupert Murdoch to resign from the board of GlaxoSmithKline in January and President of News Corp's British papers., NewsInternational in February . In March, he gave up his responsibilities in the house Sotheby's. Tuesday, he was forced to leave the presidency of one of the pearls of News Corp..: BSkyB, controlled at 39%. This pay-TV group British cumulative 10.4 million subscribers and weighs 7.8 billion euros in turnover.

He is a former "hard" the City will take its place, at least temporarily. Nick Ferguson, former vice chairman of BSkyB, will therefore take over the group. And, to describe it, sources say he "eats nails for breakfast."

If James Murdoch is simple administrator, this withdrawal is one of the heaviest blows to the heir apparent to Rupert Murdoch. In spring 2011, Rupert Murdoch dreamed of acquiring the entire share capital. But fierce opposition from other shareholders and the scandal were right to listen to these tendencies. James Murdoch preferred to leave before he was shown the door. "While the business of News International continues to attract attention, I am determined to ensure that the interest of BSkyB are not undermined by problems outside of it," he said.

Wise decision

The young businessman withdrew a few days before the report of the Parliamentary Committee for Culture Media and Sport. Before this commission, James Murdoch admitted last month, its share of responsibility for not having discovered earlier questionable practices of the tabloid News of the World, but denied having deliberately "blind eye".

The situation is serious, because the British media regulator (Ofcom) threat, for several weeks, to challenge the control of News Corp.. on BSkyB. James Murdoch will have preferred not to become a burden on the chain and its shareholders, who had renewed their confidence last November, in the chair now, even though many voices were raised against him. Among them, Legal and General Investment Management, the third shareholder in BSkyB, or JPMorgan.

The resignation of James Murdoch seemed inevitable. "Certainly, people can learn from their mistakes, said Louise Rouse, who heads the organization that promotes responsible investment FairPensions. But is asking a lot to shareholders than using a company's FTSE 100 as class learning. "One of the former leaders of News International, Jack Irvine, stated in response that James Murdoch had made a decision" very wise , although it could have intervened earlier. "

According to him, "James Murdoch has trusted the wrong people in London. However, it has done a magnificent job and his departure is a tragedy. "

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Taxes: the Chirac era has increased inequality

April 3, 2012 – 9:28 am

 

The five-year Nicolas Sarkozy did not increase fiscal disparities. That's what a new study by the Public Policy Institute, an agency of PSE-Paris School of Economics and Crest (research center of the group of national schools of economics and statistics).

For these economists, France suffers from a recurring problem: the very wealthy households are not taxed. Employees at minimum wage are 43.8% of their income from taxes and social contributions in the 10% wealthiest households, 47.6%. But the tax rate falls to 32.5% for the 450 richest French. This phenomenon has many causes: burden of the VAT penalizes low-income households, tax loopholes, lower taxation of capital relative to labor, social security contributions on wages capped foundation.

From 2002 to 2012, this inequality has increased: while the tax rate decreased 0.6 percentage points to the general population, the decline was 3.6 points for the wealthiest 1%. But it is the five year term of Jacques Chirac who is responsible. Reductions in income tax between 2002 and 2007 voted initially benefited households with more resources paperless payday loans.

Reforms of which cancel each other

However, the reforms led by Nicolas Sarkozy are "partially offset each other," the study said. The ISF and inheritance taxes were reduced. But in the end period, the government created a tax on high incomes, has removed the shield (it had strengthened in 2007), then raised the taxation of savings and capped niches.

Result, households in the first half of the lowest decile (the poorer half of the richest 10%) saw their tax burden increase slightly, by 0.4 points between 2007 and 2012. For the richest 5%, it remained the same. However, there was movement between types of households. The winners are those with high assets and low incomes: they took advantage of the drop in the TFR. The losers are the households with low wealth and high incomes, caught by the end of term measures.

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Which increases from 1 April this

April 1, 2012 – 6:32 pm

 

There are increases that hurt the wallet, and others are welcome. The April 1 announcement of more good news than bad.

• Pensions

Pensions of the general (civil servants and private employees) rose 2.1% from the 1st April. A decision expected. A few days ago, the supplementary pension schemes joint AGIRC (executives) and Arrco (all employees) have also taken account of inflation higher than expected in 2011 and have upgraded the pensions of 2.3%.

In a joint statement, the Ministers of Economy, Baroin, and Labour Xavier Bertrand, stated that the pension increases took into account inflation in 2012 (1.8%, revised upwards) and inflation recorded in late 2011 (2.1%), a differential of 0.3%.

• Minimum age

The minimum age knows him, a stronger increase of 4.7% and is increased to 777.16 euros per month for a single person and 1,237 euros for a couple. The minimum pension which is paid to 400,000 pensioners the most modest, however, does not yet live above the poverty line which is 954 euros per month for a single person. The proportion of the population living below the poverty line is 13.5%. During the five year period, this allocation will be increased by 25% as promised by Nicolas Sarkozy.

• Disabled adult allowance

Disabled adult allowance (AAH) passes almost 760 euros on April 1st, up 2.2%. Accordance with the promise of Nicolas Sarkozy to the upgrade of 25% for the duration of his five years, the AAH "and go to 759.98 euro 743.62 euro per month against current" and "a second revaluation of 2.19% place on 1 September, "said recently the Ministry of Solidarity Business Card Holders. It would then amount to 776.59 euros per month, or 155.32 euros more than in 2007. The AAH was seen by 915,000 people in late 2010.

• Family benefits

Family benefits increased by 1% (including family allowances, grants for child care, the allowance for school …). Previously, family benefits were revalued on 1 January. But last year, the government had rejected the revaluation at 1 April, making 130 million euros in savings.

In addition, as part of austerity measures, it was decided that family benefits are not adjusted according to inflation but growth. The expected savings are 400 million euros for 2012 and 500 million for 2013. Prime Minister Francois Fillon said that this would be limited to one year.

• VAT on books

After construction and restaurants, it's time to see their books go this Sunday VAT by 5.5% to 7%. Increases announced in fall 2011 and denounced by the booksellers, whose business is already one of the least profitable. At the Book Fair, the PS candidate Francois Hollande said it intends to reduce its rates "from 7 to 5.5%" if elected, to "defend the digital book at one price" and "protect the rights Copyright and the network of booksellers. "

Booksellers manifest on April 28, between the two rounds of presidential elections, on the feast of the independent bookstore.

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Orly: 20% of flights canceled Monday and Tuesday

March 30, 2012 – 10:04 pm

 

Passengers departing from or arriving at Orly on Monday and Tuesday next, should inform themselves of their flight before leaving for the airport. The Directorate General of Civil Aviation (DGCA) has announced on Friday it asked airlines to remove 20% of flights for two days, due to a strike call by three unions of air traffic controllers .

"Some disruption may on the whole territory", also warned a spokesman. Johnson said, however, that the Roissy-Charles de Gaulle will not be affected.

DGCA prefers to take precautions while the CGT, CFDT and UNSA Civil Aviation All three filed a notice of strike to oppose a plan to restructure air traffic control services in the provinces. The unions condemn a plan to close "half of approach control service in France with their support services and maintenance, all regional services flight information and part of the aerodrome control."

"Threats to the working conditions"

The departments responsible for security and air traffic control in cities such as Mulhouse, Biarritz, Metz-Nancy are or Beauvais "directly threatened with closure or relocation," suggests the USAC-CGT, which is also concerned that the policy the DGAC make "a serious threat on the working conditions of workers in organizing the under-staffed guaranteed online personal loans." The SPAC-CFDT (CFDT union personnel of Civil Aviation) asked management to stop applying "indiscriminately" non-replacement of staff on two retiring (RGPP), made "to back conditions of employment of staff and services. "

For its part, the DGAC justifies its willingness to restructure its services to changing needs, increased European coordination, the RGPP and technology upgrading.

(With agencies)

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Alain Weill: RMC Discovery has "great potential"

March 29, 2012 – 7:08 am

 

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