War leaders in restaurants - March 13, 2010

It's Dallas headquarters UMIH, the Union of trades and industries of hospitality, first professional employer organization industry, which will elect its new leader Monday. Wednesday night, its president challenged Christine Pujol, locked herself in her office, located rue d'Anjou, in the eighth arrondissement of Paris. Since she refuses to leave. "I did change the lock to be able to go because I had more keys from the return of Andre Daguin late November, says the Figaro it. I'll stay here all the time it takes, because if I leave, I can come back. "

For months, the president of the UMIH is at the heart of a battle between the muscular Andre Daguin, founder of the organization in 2000. Christine Pujol had taken the presidency September 15, 2008, for a term of four years, replacing Andre Daguin.The situation quickly goes awry, escalated at the time of controversy over the (low) price reductions by restaurants after the reduction in VAT in the sector, and now rule in court. "Ms. Pujol was revoked in the presidency after an extraordinary general meeting in late November, insists Andre Daguin. The court has confirmed. I assure the acting president until Monday. "

Christine Pujol denies his ouster. "The meeting allegedly was illegally deposed me, she said. On March 9, justice has not ruled on the merits. The elections will be held Monday are illegal, organized by coup plotters. Sooner or later they will be invalidated. "Why do leaves she more his office? "I'm doing this because I'm always the confederate president, insists her.I am therefore entitled to return to my office to work. "

Referred for expulsion

Christine Pujol came with "a small blanket for the night, accompanied by his closest collaborator. "On Thursday, we cut the cable television, says she. The first night, access to toilets was closed. I sleep on the floor. One of my friends brought us food from the window, with a cable. "Locally, a security guard blocking the entrance.

The few people UMIH cross the stairs are in no mood to answer questions. "Ms. Pujol? We do not know where she is. "For Andre Daguin, she became" unreasonable. " "She thinks she can become president of a union that no longer wants her, her behavior is incomprehensible.It requires about 100 to 000 UMIH for the payment of compensation and legal expenses it has committed itself cons UMIH! ".

"Financially, Christine Pujol did not ask to UMIH," replies yet his lawyer. An interim order to expel Christine Pujol has been deposited in the Tribunal de Grande Instance of Paris by the new leadership, embodied by Andre Daguin. The hearing is scheduled Tuesday. The day before the 102 members of the departmental UMIH have voted for one of two duets in the running for the presidency. One is led by Pierre-Paul Alfonsi, president of the federation of the Bouches-du-Rhone. Another Roland Heguy, head of the Basque Country UMIH. Neither Andre Daguin nor Christine Pujol are candidates …

Falling oil stocks supported Wall Street - March 11, 2010

The Dow Jones closed the Wednesday meeting in quasi-equilibrium (+0.03% to 10,567 points) after having been successively in the green, then red, before returning to the small color in the early evening. However, the Nasdaq and the S & P have ended the trading day up comfortably, respectively 0.78%, to 2359 points and 0.45% at 1146 points.

The crude oil inventories rose last week in the U.S., but slightly below estimates, while those of gasoline and distillate products fell sharply, said Wednesday the U.S. Department of Energy (DoE) .Oil closed up, supported by the surprise cut to 82.09 dollars a barrel.

The U.S. federal government posted a record budget deficit of 220.909 billion dollars in February, its seventeenth consecutive month in the red, according to figures released Wednesday by the Treasury Department in Washington. but revenues have increased.

The rest of the week market in the United States will then be placed under the sign consumer with the publication tomorrow of the sales details for the month of February and the preliminary estimate of consumer confidence.

AIG rise another 12%

On the side of values, the insurance giant AIG, which forced march to advance its restructuring was awarded 13% Saturday and climbed again this Wednesday, from 12.57% to 36.89 dollars. Traders welcomed the efforts made by the insurance company to reimburse the state aid, a shareholder at 80%.The group conducted a series of steep cuts to enable it to garner around 25 billion dollars.

Citigroup allows itself for its 4.19% to 3.98 dollars after yesterday awarded more than 7.5%. The state could sell shares in the bank.

United Airlines has announced a growth of 18% of its turnover in passenger transport on February. The president said the group observed clear signs of renewed activity. Note, however, the snowstorms have affected the company announced a loss of 40 million due to the cancellation of hundreds of flights. The securities are 3.69% on Wednesday to 18.83 dollars.

Facet Biotech Corp. has accepted the takeover offer made by Abbott Laboratories, priced at $ 27 per title, a cash offer totaling $ 450 million.Direct impact on the stock market: Facet Biotech Corp. explodes from 66.19% to 26.94 dollars. Abbott remains in equilibrium.

Cisco on Tuesday claimed a major milestone in the conquest of Internet connections at very high rates, presenting a new router overkill.

The France will take over 50 years -

At a time when the markets are worried about the debt of states, France is the luxury of borrowing on … 50 years! The Agence France Tr?sor (AFT) announced Tuesday its intention to create a new OAT which expires in 2060. This obligation will be sold by a syndicate of banks, whose leaders are Barclays Capital, BNP Paribas, Deutsche Bank, JP Morgan and Societe Generale. The characteristics of this loan are not yet defined, but the AFT is a capital raising of between 3 and 5 billion euros. The rate at which they borrow will be determined based on investor demand. The comparisons are quite favorable: the only requirement to 50 years issued by France (five years ago) is currently trading at a rate around 4.10% easy payday loans .By comparison, in 2007 – before the subprime crisis – the France borrowed at 4.50% over 10 years.

The initiative Bercy indicates that for the moment the French debt is not affected by the difficulties encountered by Greece. Since January, France has borrowed 50.7 billion euros without any difficulty, which represents over a quarter of its projected emissions over the entire year. This positive trend should continue unless the credit ratings of the Hexagon, currently "AAA" is broken. The agency Fitch Ratings on Tuesday urged the United Kingdom, France and Spain to "state programs more credible" to consolidate their budgets, "given the pace of deterioration in public finances."

Dubai wants to extend the maturity of its debt - March 8, 2010

For the first time since the announcement of the moratorium on its debt, which had rocked markets last November, Dubai World this week should initiate discussions with its creditors. Discreetly. According to the Financial Times quoted sources close to the negotiations, the conglomerate duba?ote must submit to its main banks with a proposal to reschedule $ 22 billion of debt.

A spokesman for the Emirate of Dubai, questioned by AFP would not confirm the information daily from the City. This is a "confidential process," he has merely said, adding that "a formal proposal will be presented by Dubai World to creditors in March" payday advances .

Dubai World could offer, understands the Financial Times, two alternatives to its creditors.Either the banks want to be repaid over several years, but cover the full amount owed. Either they agree to reschedule the debt over the longer term, with the state guarantee, not losing a penny. Still, "according to sources familiar with the matter, nothing is certain" shade the Financial Times.

See also:

"Dubai, the end of a mirage

Salon de l'Agriculture under the sign of the Vendee for Sarkozy - March 7, 2010

"It should stand on a cow so we can better see!" At the Salon of Agriculture, a crowd of onlookers quickly formed over the course of Nicolas Sarkozy, despite an early arrival more than expected Saturday morning. Instead of starting the tour at 9:30 am as originally indicated, Nicolas Sarkozy has surprised almost all journalists arriving one hour ahead.

Young contestants of agricultural schools, farmers horses, cattle, sheep and also butchers and florists … the president has sacrificed tradition and spent two hours in the aisles at the meeting of agricultural sector in deep trouble .After the walkabout, he announced new measures to help during a roundtable discussion with farmers.

"It must protect us against disasters"

Among the notable events of the morning, Nicolas Sarkozy held talks with Jean-Paul Rault, sheep farmer in the Vendee who lost almost all of his flock during the storm Xynthia. "I told him he should protect us against future catastrophes, because once again, I will, but not both," says the farmer of Walnut St. Radegund. Only were rescued sheep that was brought to Paris for the Salon.

"The president said he would not let us down, it would help us rebuild. And he would see us in Vendee, "says Jean-Paul Rault. The farmer said he was heartened by the presidential speech? "I have no a priori," he replies."We have seen figures for the help, we'll see what it will serve."

Video – flying over the farm of John Paul Rault after the passage of Xynthia:

More politics, the meat industry has questioned the head of state … about Greece. "He seemed surprised and not really know, but I asked him to be very vigilant on the Greek question: is our first export customer with 70,000 tonnes," explains Denis Sibille, president of Interbev, the inter-beef, mutton and horse. "The number of failures is very high and we refrain now to export, where a shortfall."

"Less talkative than President Chirac"

The exchange was more lively with the representative of the Federation Nationale Bovine (section FNSEA).Jean-Paul Fleury asked Nicolas Sarkozy less listen to his Environment Minister Jean-Louis Borloo, and arbitrate more often for his "excellent minister of Agriculture, Bruno Lemaire. "The arbitrage is my job, I do those I do," replied the president.

As tradition dictates, the President has offered a basket of food to stand craftsmen butchers. A prime rib and leg of lamb. "Just as with Chirac, I am sure that the meat was consumed, as with Nicolas Sarkozy, I'm not really sure," said Jean Claude Obriot however, the vocational school of the Butcher."And then he is less talkative than President Chirac," remembers the butcher who hosts the Salon chairs for ten years.

Just curious still, Nicolas Sarkozy was stubborn to know what wood sticks were made of young agricultural college Laurent Sainte Marie in the Pyrenees-Atlantiques. In Hazelwood, they replied. A medium hard wood, semi-flexible, especially light. Ideal for tapping the side of the animals and move them forward.

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Club Med The lowers its price for returning families - March 6, 2010

To force to go upmarket, Club Med has cut a portion of his heart to target families for whom it became too expensive. The group has certainly earned 13 000 clients last year in the villages most high-end (4 and 5 tridents), which he put on for years. But at the same time, its other sites (2 and 3 tridents), which still represent 46% of its capacity, have lost 142 000 customers, down 20% in one year. A number of families no longer afford a stay at the Club with children. The group management has decided to lower its prices for next summer.

Starting Monday, Club Med will lower its prices 5 to 19% compared to 2009 in 36 of its 80 villages, including 26 "three tridents" and 10 "four tridents.

In these clubs, families, French, Belgian and Swiss, who represent 30% of the sales group, will receive additional benefits, such as 20% reduction for teens off transport. For a family with two teenagers, count and 8 460 euros per week in 4 tridents Caravelle in Guadeloupe in early April instead of 10 620 euros last year. For a week Smir (Morocco) in mid-July, it will be 4 140 EUR 5 560 against the euro last year.

"This is not a promotion, but a structural decline in prices of 8% on average, benefits all alike, for families throughout the summer and combined with other promotions," says Anne Yannic, general manager at Club Med for France , Belgium and Switzerland (60% of sales).In this complicated economic time, our offer could be perceived as too expensive, despite the advantages of all-inclusive . In 2009, the erosion of our largest customers has affected families, who are our reason for being. We tend to talk a lot of our villages 4 and 5 tridents. In times of crisis, we recall that our range is broader, with villages 2 and 3 tridents, cheaper. "

Last summer, 34% of French families have gone to the club in receiving a promotion. Not sure that this is enough this year. Therefore, the club will launch its new offer family, dubbed "Free Family."

These efforts will have to pay? According to research firm Protourisme, the French holiday budget represents 60% to 75% of the monthly wage of a home.For 2010, households earning more than EUR 10 000 per month spend 7 300 euros on average vacation, those with incomes between 5 000 and 10 000 have a budget of EUR 4 700.

Customers in emerging countries

"Club Med can not touch a tiny fringe of the French population," said Didier Arino, director Protourisme. The problem is not about envy many families would like to afford the club, but can not afford. "Today, if the Club Med wanted to attract a larger clientele of middle managers, declining prices by 20% to 30% minimum is required, advance Didier Arino, convinced that the future of the Club can only come from emerging countries where there is a rich and new customers who "will be delighted to discover an offer upscale, different, with a French touch."

When Lotto millionaires engage - March 4, 2010

Richard and Sandrine (the names have been changed at their request) won 7 million euros in the Lotto in 2006. Four years later, their children are still unaware. When they won their gold mine, Sandrine was a salesgirl in a shoe shop and Richard worked in a creperie. They told their children they had bought a large house with swimming pool after having sold the shoe shop and creperie. Too young to understand, children do not ask. For them, life goes on almost as before. Mother stopped working to care for them and dad bought a brewery. They have discovered the joys of Club Med. But last summer, the whole family left in a bed 4 stars for the holidays. However, Richard and Sandrine have totally changed their lifestyle. When they go in love, they no longer hesitate to go down to George V, a Parisian palace.They are both offered a Rolex to 10,000 euros. And the clothes they no longer count. "The first month, we renewed our wardrobe, for 40,000 euros each," says Sandrine. But we do not buy brands of haute couture. "

Desire reasonable

Both sociologists Michel and Monique Pin?on Pin?on-Charlot, who for decades decipher the habits and customs of old and newly rich, have addressed these Lotto winners have become millionaires overnight. For two years they have interviewed about thirty. The couple in the town and the university gives his analysis this week in an opus entitled "The lucky millionaires" (Editions Payot). Osculter the rich is their hobby. "We have worked twenty years on the inherited money and the wealthy dynasties, Michel told the figaro.fr Pin?on.Contrary to what the rumor is willing to believe, Lotto millionaires have reasonable desires. Overall, they are not fambleurs.

The first chapter of their book, "A catastrophe happy," the tone. For Pin?on, life really changes when the gain is at least 5 million euros. "The reflex, at least initially, is to keep the hidden gain," they write. Sandrine and Richard did not say otherwise …. Paradoxically, they agree to meet with journalists, but under a pseudonym. "There is a difficulty to keep the secret: silence, he is patron, is also frustrating, stress Pin?on Michel and Monique Pin?on-Charlot. Another problem: "Wealth can be learned, says Michel Pin?on. An heir, it is formed. Lotto millionaires have reflexes due to their origin. The Pin?on not met winners who "freaked out".There, but cases are rare as the French Games for which 99.9% are the big winners grow their bonanza.

Give a chance for everyone

How do they spend their money? According to the French, they begin to purchase their primary residence, they also invest in safe investments (life insurance) and put money aside for the education of children. "There's a sense of how generations of millionaires," welcomes does one service relationship of the French winners of the Games, to assist the winners when they discover a little (lot) their new wealth. "It's a bit early to tell, but there are people whose fortunes won the lottery will cross the bar of the 2nd generation", said Michel also Pin?on. Last year, 122 players have won the lotto more than one million euros.The record any class dates back to 2005: 75 million pocketed by a single person. "Lotto Magic is giving a chance for everyone because it is pure chance. It provides a gain that does not reward merit or effort, but not harm anyone, "said Michel Pin?on. He said for the humble people, is always happy, because money gives them satisfaction to which they aspired but which were inaccessible. "However, money does not provide absolute fullness, but it's much harder to be happy being poor!". Sandrine and Richard, at least, seem well in their new sneakers. "We were happy before winning the lottery is that the more" they insist both. This week, Sandrine has bought a new bag, Lancel model 1. 000. She knows she will soon have another.