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130 000 138 000: the number of managers who should be recruited this year, according to the annual survey of the Association for the use of frameworks (APEC). A decrease between 10% and 4% compared to 2009, the year already with a disastrous 28% decline in recruitment.

For if France was recovering from recession, the economic outlook remains uncertain. So, most leaders, including major groups, which at the height of the crisis have tightened the bolts in terms of wages than new hires, no plans, for now at least, change policy.

In this gloomy climate, the most affected will be like last year's graduates (bac + 4 and above). "Their situation will be the worst ever," said Jacky Chatelain, director general of APEC. The figures speak for themselves.Post engineering schools, business schools or university, they will be 120 000 to enter the labor market. But according to Pierre Lamblin, Director of Studies and Research of APEC, 21 000 to 23 000 only, 000 against 29 last year and nearly 45 000 in 2008, will be recruited with the status under this year, the lowest figure since … 1993. In addition, at the time, the number of graduates was far lower savings account payday advance .

This further deterioration due to several factors. First, the longer the duration of the contribution of assets born after 1948 to receive a full pension, which mitigates the effects of "aging population".Second, firms prefer hiring young professionals and executives confirmed mostly (five years minimum experience) that represent more than half of the hires in 2010.

Improvement from 2011

By sector, after a sharp decline in 2009 (- 34%), recruitment in the industry are still in decline (between – 14% – 23%). The construction and trade are also strongly affected. In contrast, services (banking, insurance, specialized distribution, engineering …) will be resistance and could stabilize the level of recruitment.

Finally, little sign of optimism, though short-term horizon of the job market for executives is quite stuffy in the medium term it is expected. Forecasts of APEC, recruitment would increase steadily from 2011 to regain a high level in 2012.And in 2014, companies would hire more than 240 000 frames, which constitute a record.

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Two years after changing hands, the airline flies in Europe Airpost clear skies. His transition from La Poste Group's specialist in the transport ASL Group (owned by Belgian capital: fund Peter Cam and Compagnie Maritime Belge) is, to date, a no-fault. This despite the air holes through which the airline industry since late 2008 in the wake of the crisis. Airpost europe is among the few companies to have made money in 2009. The company specializes in short and medium haul transported 750 000 passengers and 63 000 tonnes of cargo last year and net income of 6 million euros from a turnover of 231 million euros.

To explain its resilience, it highlights the diversification policy and an economic model based on a unified fleet of Boeing B 737 "works" 24H/24H with their conversation fast cargo service aircraft in the night transport of passengers flying on the day. In addition our location in the province which makes us the first charter company out of the province it represents only 520 000 passengers, "says Jean-Francois Dominiak, CEO of the airline.

Diversification policy strengthened

This activity builds on its historical legacy of the prestigious Aeropostale, provider of express transportation on behalf of La Poste, Chronopost but the Royal Mail in the UK under contracts that were renewed for two years. Beyond that, nothing is on.Therefore, the company celebrates its tenth anniversary this year, accelerating its diversification policy. It will thus rise to power in transporting passengers with the introduction of three new aircraft including 2 Boeing 737-700 aircraft from April 2010 to early summer in the air.

These devices from Dublin, Paris and Nantes must allow new routes to Egypt, sub-Saharan Africa and in Iceland. The objective is to transport between 850 000 and 900 000 passengers this year on behalf of tour operators. Europe Airpost is indeed the major provider of air signatures of tourism such as Thomas Cook, Fram or Club Med.

Meanwhile, the company launched in co-chartered by offering several tour operators to come together on the same plane and it will develop fuel hedges to offer its customers fixed prices throughout the year. Europe Airpost also studying a solution co-charter dedicated to major express carrier such as Fedex, DHL or UPS on a new European cargo routes. This new service could be launched in 2011.

For better and for worse. The formula is devoted to marriages as a glove in Hong Kong. China, with its tremendous growth (10.7% last quarter 2009), certainly takes the resumption of the Special Administrative Region (SAR), politically subservient to Beijing but economically and financially independent. However, it also threatens to plunge the country into a spiral of overheating.

"The potential risk of forming bubbles is high," says Norman Chan, Executive Director of the Hong Kong Monetary Authority.

In China, prices are rising for several months now so excessive, and many experts are warning the country against the dangers of relapse.Mid-January, during the Asian Financial Forum, Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF) called for the establishment of measures of capital controls in Asia, stating: "Until is temporary, it probably only means to avoid the bubble shape. Beijing does nothing when the bank credit limit to 7.500 billion yuan (773 billion euros) in 2010, against 9590 billion yuan (966 billion) per annum penny.

"The Chinese spend freely"

The Government of Hong Kong is believed to be safe. But it was forgotten that the two powers "are linked by two-way interests perfectly understood one side or the other, as recalled Victor Visot, president of advisers of Foreign Trade of France.

The city is a work in progress."500 buildings out of earth each year, observes Edward Yau, Minister of Environment, pointing to the towers being built around his office. While height and meet new environmental standards, "says he, anxious to point out that 70% of the land remains wild.

Even 710,000 Hong Kong dollars (66 cash advance in one hour .700 Euros) per square meter for an apartment overlooking the sea, tearing programs like hotcakes. The mainland Chinese are the first customers of Hong Kong developers."All the establishement of Beijing and Shanghai, all top managers have a pied-à-terre here that they have or not a business, said Edward Leung, chief economist at the Hong Kong Trade Development Council. They are the ones who buy goods more expensive and they have that, unlike the financial crisis of 1997-1998, house prices do not collapse. "

They invest more easily than the Chinese authorities have allowed banks on the continent to settle in Hong Kong. In the luxury shops of the Central neighborhood, one recognizes immediately the Chinese in their Mandarin while everyone here speaks Cantonese. "They have money, they spend freely and today supply 60% of sales of major brands," said Victor Visot.

After declining 20% in fall 2008, housing prices soared again, observes Helen Chan, senior economist for the government.Especially in the high end, where they rose 30% in 2009, at the same time that transactions were exploding, driven by interest rates very low (0.5% base rate).

While "the risk of a bubble is not imminent," dithers Nomura specialist on site. But it is real enough that Hong Kong officials, while saying "do not control capital movements, consider taking administrative measures to curb overheating. As they did last October, raising the deposit on the most luxurious apartments.

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In the wake of Grants in Asia this morning, the CAC 40 on a downward trend during the early exchanges. It lost 0.53% to 3669 points before embarking on his decline of 1%.

Meanwhile the employment figures in the United States, which will be published in early afternoon, the French public deficit rose to a record 138 billion euros in 2009 against 56.3 billion euros last year. As the trade deficit, it was absorbed in 2009 to 43,03 billion euros against 55.14 billion euros. Other important economic indicators are expected in Europe: Industrial output for the month of December and for 2009, Germany, and producer prices in January, Great Britain.

Finally, the finance ministers and central bankers of the G7 meet in Iqaluit, Canada.

The detailed values to follow

After criticizing the organization of the nuclear industry, Henri Proglio blames the system of distribution of gas and electricity, according to the financial daily Les Echos, Henri Proglio would have felt during a trip to Mount de-Marsan January 25 last, that the current organization involving EDF and GDF Suez in the distribution of gas and electricity, through their respective subsidiaries and ERDF GrDF, figure was "nonsense".

As for unions, the direction in which this issue is not a surprise, but "the idea of separation is a major concern in the year 2010, the newspaper reported.

Already in early January Francony Michel, CEO of ERDF, had indicated that the joint service between ERDF and GrDF was "faced with the necessity of (the) provide organizations and own way of functioning, better able to respond to issues more and more different and sometimes contradictory.

Moving with the times

Force is indeed clear that the context has changed since the time when both companies have been reconciled. EDF and GDF were then public monopoly . GDF Suez is now closed and the market is competitive.

Yet about 45,000 employees, are 95% of the total workforce of ERDF and GrDF continue to work respectively for the maintenance of power lines and gas pipelines.

Henri Proglio recovery and the idea of messing up the organization.But he will face unions and local politicians who advocate mixed organizations and public service mission, and legal provisions, but "around".

The case should take its time …

Michel Francony on an ejection seat

Also according to Voices, the new boss of EDF had proposed to his colleague Michel Francony leaving office, whose mandate expires in 2012. But it should not let them. Implied, another slow and choppy affair prepare.

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Reportedly, police officers went to the 1st and 2nd floors of the building located at Roissy where there are particular services management and staff. CCE Air France is at the heart of a financial scandal two weeks ago. An internal audit revealed in January 12 showed in handling the accounts and invoices which nature seems far from the object of a CEC. The audit begins by the "adjustments and prior period adjustments.These operations are likely to question the principle of matching income and expenses at the right time. "

Many people must be heard this week: the auditor of the company INA, which revealed significant shortcomings in the accounts, the auditor and Jean-Yves Quinquenel, head of the CEC transition responsible for facilitating the conduct of 'audit report and free credit score .

For its part, the CFDT-Air France and François Cabrera, whose management of the EAC is in question, talking in a tract of 25 January of a "cabal of destabilization" and indicated that "none of the parties involved, management of Air France, elected CCE, expert of the INA, auditors are not aware "of the launch last Thursday when the preliminary investigation by the financial police.

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Negotiate but not amnesty. This is the philosophy of Eric Woerth, the case of taxpayers illegally holding assets abroad. Opened in April, the unit adjustment for those of them willing to go in the right way – nicknamed "drunk tank" in reference to the "gray list" of tax havens – closed December 31 as planned. But "I will extend this action differently, by giving the tax authorities the means to work in the same state of mind," said Budget Minister Sunday on Europe 1.

The cell allowed these "repentant" to negotiate the interest and late penalties, without escaping tax liability itself.This method will be extended to "the tax administration as a whole" to allow "any person wishing to rectify the situation, make it legal to repatriate their capital, pay tax, do so on acceptable terms," argues Eric Woerth.

A carbon tax on the nuclear idea "crazy"

And to defend the principle of the cell – "a huge success," the minister said. It will be reviewed shortly. On December 9, Eric Woerth noted that the cell had already dealt with 1400 cases and that the State had recovered and 500 million euros. He said that capital repatriated then reached 3 billion.And confirms the information Figaro that, in late December, the caseload was about 3,000.

Angered by the comparisons with Italy, where taxpayers have repatriated 95 billion euros, of which 5 have gone into the coffers of the treasury, the budget minister said that this is amnesty, pure and simple. No way to go in this direction in France, repeats it: "The republican pact does not amnesty." And for those who do not request their regularization, "what will the tax audit.

About the censorship of the Constitutional Council, Eric Woerth confirm that a new carbon tax will "surely" passed before the regional elections in March.Its principle is the same for individuals (taking on fuel and gas reimbursement flat tax on income).

The new device will be "more structured" with that of CO2 allowances, which are subject to more industrial emitters of this greenhouse gas emissions – is the total exemption of carbon tax for these sites that motivated the constitutional censorship. Nevertheless, "we will maintain exceptions" because "the carbon tax is not calculated to undermine competitiveness. Among these exceptions, electricity: "It would be crazy to charge nuclear power because it produces no carbon, ignites Eric Woerth

A pull of the wrong color, ever read a book or CD in duplicate … Father Christmas does not always meet every household. A solution now exists to deal with this situation: selling gifts on the Internet. While more than 18 million unwanted properties are expected under the pines, 41% of Internet users plan to sell online gifts disappointing, or 20% more than in 2008, according to TNS for site auctions eBay. A system that has more and more popular, especially in times of crisis, when many French are eager to supplement their pay to finance spending Christmas and New Year or even recycle an object.

"This has really started there two or three years, but since 2008 there has been an acceptance of the principle," says the Figaro.fr Gérard Mermet, a sociologist and director of research firm Francoscopie.Sites of purchase and sale between individuals such as eBay, Amazon, Rue du Commerce, Amazon or 2Xmoinscher now prepare to welcome regulars appointments but also newcomers, starting Thursday evening and throughout the month of January .

Put gifts in stores on December 25 or 24

"Christmas is the time of year when we recruit new sellers," says Pierre Kosciusko-Morizet, President of Amazon founder, reached Figaro.fr. The consumer is now in a sense consuming evil. If an object is not useful, much resale.

But how to proceed if disappointing Christmas gift? "It is important not to unwrap it to prove they are new, the best is to put a picture showing it still packed. The potential buyer and said he will make a good business, "says Esther Ohayon, spokeswoman for eBay.For CDs, DVDs or books, it is also best to choose a fixed price and specify the gain that the consumer can do in relation to price.

For the rating of these products' bestseller, appearing each year head resales after Christmas, declining rapidly. "I therefore advise users to upload their property on the 24th night or December 25th and set a price just below the lowest rate of this object," explains Pierre and Kosciusko-Morizet. Another tip is that of Gérard Mermet, a philosopher, "to avoid conflicts, also make sure that people who have offered you a gift does not attend the site where you sell.

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France will issue the market for 188 billion euros of debt in 2010, against 175 billion originally estimated, said the Agency France Trésor (AFT) after a decision of the Minister of Economy Christine Lagarde.

AFT said that amount takes into account the 22 billion euros to be used to finance the huge debt which must be subtracted 9 billion euro share buyback due 2010.

"The net emissions will be distributed as follows: around 10% in bonds indexed to inflation, the remainder being divided between BTAN (medium term) and OAT (long term), adds the public body which aims to put debt of France on the market.

In 2009, the agency bought for 13.6 billion purchase of securities prior to maturity, including 11 billion maturing in 2010 and 2.6 billion euros in 2011.

Securities issued debt has steadily increased in recent years. In 2009, they amounted to 165 billion euros, against 128 billion in 2008 and 97.5 billion in 2007.

LE FIGARO. – In announcing this summer by Accor of making the study of a split between the hotel and the services you have expressed your reservations about the form, if not in substance. Over three months later, did you stop your position on this?

Gilles Michel. – The question was raised shortly after the transfer of the participation of the Deposit to the ISP. In this context, we should play our role as shareholder, albeit a minority 7.5% stake, but still full. This meant that we have all of the elements to make a serious analysis. This has justified my "fit of temper" at the time. Since then, extensive work has taken place on the reasons to justify this decision on the benefits, costs and risks of this option and its alternatives, which I welcome.And quite frankly, I've seen all this work, no evidence for the need, in December 2009 to initiate division of Accor.

So you keep on your positions?

I have no reason in the name of a doctrine or principles. The split may be a modality in the service of a project but not an end in itself. During the work, we found that both businesses had before him genuine opportunities for strengthening the ISP calls for. But it is possible to pursue a development strategy in the current framework. Conversely, a split in a market environment that is not without risk, I think exposing every business to increased vulnerability.It is not necessary to incur the risk of executing the operation, financial risks, particularly in terms of ratings of each entity, and the risk of weakening as it can lead an ambitious strategy in the context present.

What is your alternative to Accor?

Accor is a large group of ACC 40. It can lead a strong offensive strategy with determination and speed. Its direction can be bold in terms of both organic growth and external growth.

Do you think the council will follow? And if this is not the case, what will the ISP?

I do not prejudge the discussion board. Each director will determine in its soul and conscience under the sole interest of social enterprise. And if, purely hypothetically, the board should choose the path of division, the next step will be the General Assembly, where of course we would vote against.But I am perfectly aware of the laws of arithmetic. The two shareholders who hold 30% stake in Accor worn since the beginning of the project, saying it is not up to cash in the short term but to create value over time. I do not doubt that they have at heart to remain associated for several years in the capital of each of the two new companies. With regard to the ISP, I would have full discretion as to our involvement.

A council held Tuesday decisive

Accor has accelerated the study of the relevance of a split (with a later check services prepaid and other hotels). The group meets Tuesday Board of Directors, expected to be decisive on the issue.Mid-November, after its previous meeting, the council had said "satisfied with the progress of work" to formalize the project.

The fund Colony Capital and investment company Eurazeo, who own about 30% stake in Accor, there are the best way to enhance their investment. Gilles Pelisson, CEO of the group agreed with this idea. However, the ISP, the second largest shareholder with 7.5% stake, otherwise, officially now. In this context, the position of the six independent directors will be decisive. Unions are worried themselves for employment in hotels.

A study of CA Chevreux, hotels could represent 74% of sales for Accor this year, but only 39% of operating income.In case of division, according to the scheme proposed, the hotel would bring about one third of the group's debt, two thirds of returning to the emerging prepaid.

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The proposed division of Accor moves its shareholders