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For the first time since 1980, the number of three public (state, territorial and hospital) have stagnated in France in 2008. Specifically, they rose only 1800postes. From never-seen since 1980. At 31 December 2008, according to report data annually on the Public Service published yesterday, the Hexagon were almost 5.3 million employees, or 20.5% of total employment, and 656,000 more than a decade ago.

The virtual stagnation of 2008 is largely to the credit of the state civil service has continued to decrease in population from 2006. It has eliminated 77,000 jobs last year, including through non-replacement of a staff of two who retire and to continue the policy of transfer of powers to local authorities. This represents a decline of 3.1% of its workforce in a year.France, employs 2.4 million civil servants, 69.5% and 14.1% of holders of soldiers. This total is 1.4% lower than in 1998, representing a decline of nearly 35,000 agents in a decade.

The numbers have declined in 2008 across all departments, with the exception of Justice and the prime minister. The portfolios of Education and Ecology have been most affected by the cuts with cuts respective 43,000 and 23,000 agents. Finally, almost a two-state official now works in education, one in five of Defense and Interior to eleven.

2328euros per month for a state agent

Another finding of the report 2009-2010 on the state of the public service: local authorities have continued to recruit with a vengeance with nearly 70,000 new jobs in 2008.The local civil service now employs 1.82 million people. A total of 3.9% higher than in 2008 and, especially, a surge of 40% compared to 1998. This dramatic increase is partly related to the second law of decentralization occurred in 2003. The regions – which employs only 4% of all local officials – have been particularly intensive public sector jobs as they saw their numbers jump over a decade, from 22.5% on average each year and even 49% per year since 2005. In more than one in four cases, recruitment occurred three years prior to 2008 had nothing to do with transfer of responsibilities from the State.

The public hospital has, meanwhile, was more reasonable since the increase of its workforce in 2008 was four times lower than that of local authorities: 1% over one year or more 10000agents.At December 31, staff of public hospitals accounted for approximately 1 million people. Those numbers have increased, on average ten years, 1.8% each year.

Pay later, an officer of the state received an average of 2328 euros net per month in 2008. An increase of 3.7% in current euros a year and 0.9% after allowing for inflation. Territorial Agent earned nearly 600 euros less and a hospital, 150. In both cases, the territorial and hospital officials have seen their wages decline in net income a year, by 0.6% and 0.1% in constant euros.

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The rebound from last night seem to be prolonged unless the unemployment figures contradict. Around noon, the index futures Standard & Poor's 500 and Nasdaq 100 advanced 0.27% to 1057.40 points and 0.27% at 1794.5 points. The Dow Jones itself could open up 0.22% at 10,069 points.

Yesterday, Wall Street's rebound has been sketched primarily due to buying cheap and the results of Toll Brothers and American Eagle Outfitters, welcome. The Dow Jones climbed 0.20% to finally 10 060 points, while the Nasdaq took up 0.84% to 2142 points.

The U.S. Department of Commerce on Wednesday, new home sales in the U.S. for the month of July 2010 have yet to set seasonally adjusted rate of 276 thousand units, the lowest in history, against a consensus site close to 340 thousand.Orders for U.S. durable goods for the month of July 2010 have certainly increased 0.3%, but the consensus was expecting 2.5%.

Jobless claims Thursday, Friday and GDP

If new jobless claims expected today will likely affect the opening of Wall Street, prompting him to be careful, tomorrow, Friday, the indicator most crucial will be unveiled: the second estimate GDP growth in the second quarter.This risk, with a sharp drop early in the indices plunge into turmoil.

On the corporate side, Ford could respond to a current size: the two groups comes as U.S. automaker to announce, with the Japanese Mazda, an investment of 350 million dollars (273 million euros) via their joint venture AutoAlliance Thailand (AAT), for the equipment of a factory in Thailand pick-up of new generation.

Wal-Mart Stores, has asked the U.S. Supreme Court to stop a massive partnership action brought by female employees, court documents show Wednesday.

Novell Inc. will release its results after market. And Tiffany, in the night.

On this day a national holiday in France, the economic future clouded for the United States. Retail sales fell 0.5% in June after falling 1.1% in May, and import prices fell 1.3% last month. Some due to a 2.3% drop in auto sales, others because of falling oil prices and rising dollar. All these indicators disappointing in addition to reserves of crude continue to decline. Only bonen news: the budget deficit continues to decline. If Congress sees an encouraging sign, he is aware that the United States enjoy the benefits of its rescue plan and the increase in assets held by the Fed.

In these circumstances, the Fed seeks to be less optimistic about the United States.Within minutes of its monetary policy meeting in June released Wednesday, the Fed has lowered its forecast for growth in the U.S. this year. U.S. GDP is expected to be between 3% and 3.5%, while three months ago, it was a growth from 3.2% to 3.7%.

Consequently, the Fed anticipates a slower decline in unemployment this year. The unemployment rate should be between 9.2% and 9.5%, between 8.3% and 8.7% in 2011 (against 8.1% to 8.5% projected earlier) and between 7.1 % and 7.5% in 2012 (against 6.6% and 7.5%).

Fear of deflation

The deteriorating outlook led the U.S. central bank to consider further action on monetary policy to support the U.S. economy. Its leaders have already agreed a policy accommodative, ie a decline in interest rates was not necessary."The committee would need to consider whether further support could be appropriate if the outlook were to worsen significantly," we read in the minutes. He added: "A small number of participants cited a risk of deflation."

Anyway, it is clear that the maintenance of low levels of interest rates does not seem to be enough to revive the U.S. economy more vigorously. The meeting of the Monetary Policy Committee of 22 and 23 June had maintained the interest rate the Fed close to zero, in hopes of boosting up the credit and economic activity.

Wall Street plunges into the red

The markets have been quick to respond to these new expectations: having moved solidly in the green mid-session, the NYSE has quickly sunk into the red.Around 8:40 p.m., the Dow Jones lost 0.40% to 10,321 points and the S & P 500 retreated 0.46% to 1090 points, while Nasdaq was flat at 2,242 points.

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After a nightmarish year 2009, the first Russian manufacturer, in which Renault owns 25%, his head out of water. While it had reduced its production by three last year to adapt to the collapse of the Russian market, the manufacturer of the Lada is now the biggest beneficiary of the scrappage of about 1300 euro launched its domestic market in early March. "80% of cars sold through this device are Ladas," says Igor Komarov, CEO of Avtovaz, appointed last summer. And 10% are assembled by Renault Logan in Moscow.

Result, sales of Avtovaz jumped 62% in May An upturn that could allow him to make a profit this year after a loss of one billion euros last year. "We must produce more than 450,000 vehicles (cons 300,000 in 2009) to generate an operating profit.While that seemed unrealistic at the beginning of the year, we now see pre exceed this threshold in 2010, "said Igor Komarov.

This adjustment is also allowed by drastically lowering costs. Russian has reduced its workforce last year to 30,000 people on 102 000. A job that required "the support of the state," said Igor Komarov. Some social activities of the group inherited from the Soviet era (nurseries, hospitals, nursing homes) has been transferred to the municipality of Togliatti. According to Renault, only a Russian could carry out this mission.This explains the departure of former French boss Avtovaz, last summer.

Five models assembled on the platform Logan

Avtovaz, Renault and Nissan aim to ally his term 40% of Russian market against 38.7% through May, in a context where the market share of Lada models obsolete, had significantly eroded by the crisis for the foreign brands. To achieve this, Renault must succeed in modernizing the plant of the former Soviet dinosaur. The French account to produce five new models on the platform of the Logan from 2012. Two Lada (station wagon and van versions), a Nissan and Renaults. A new small cheap Lada will also be constructed from the end of 2011.

Another priority: "Deliver upgrade local suppliers, in terms of cost and quality," said Christian Esteve, CEO of Renault in Russia.His goal is to move to Renault vehicles produced in Togliatti, 74% of local components in 2012, against 40% currently in its Moscow factory. To encourage suppliers to locate in western Russia and protect the development of local players, the group campaigning for the introduction of tariffs on imports of components.

The manufacturer has escaped bankruptcy last year, with help from the Kremlin about 1.7 billion euros, which allowed him to restructure its debt and cover its liquidity needs. Renault was able to maintain its share in the Russian capital without paying money, thanks to technology transfers valued at 240 million euros. According to Renault, the Russian market could reach 4 million cars in 2015-2016, which would make it the largest European market.

The World arouses much envy. Reportedly, a pair of French investors, the financier Pierre Berg? and Matthew Pigasse (boss of Lazard France) have already created an ad hoc finance their investment group Le Monde, which must find at least 50 million euros of fresh money by the summer. They could submit their applications before the end of June, when the direction of the World should submit details of its recapitalization plan to vote of its shareholders.

For its part, Le Nouvel Observateur has formalized its commitment Tuesday night to climb to the capital of the world which holds 1.75%. "Given the funding problems that arise, Le Nouvel Observateur can not remain indifferent and wants to contribute to a solution that preserves this independence," he said.Contacted yesterday, confirming The World "in talks with the group Nouvel Observateur, which is not the only one with which he pursues the talks". Spanish Prisa, a shareholder of 15.01% of the world, and L'Espresso have already expressed their interest in recent months.

End of a difficult episode. The Ministry of Industry announced Tuesday evening that a premium extra-legal EUR 22,000 was given by the direction of Sodimatex for each employee.

Minister, Christian Estrosi, "finds that the return of social dialogue (…) has achieved a significant improvement with the support of employees, including funding of up to 51,000 euros for each employee Depending on seniority, with 22,000 euros in addition to compensation provided by law, "the ministry said in a statement.

Moreover, "? 700 000 for the training of employees have been made available under the National Employment Fund and Forthac, the collector organization credits the training in the textile industry, is committed to support training efforts developed by the state and the company, "the statement added.

A well kept secret

The 92 employees of the plant – which produces automotive carpet – demanded a premium extra-statutory redundancy 21com "> fast cash.000 euros.

The decision was taken on Tuesday afternoon. But no details were made public until Tuesday night. The secret had been kept to "shield the News", according to unions, which wanted the agreement does not fall into the water.

Employees Sodimatex Crepy-en-Valois, who had threatened earlier this month to blow up their factory to demand better severance pay, signed an agreement with management approach the weekend of April 3.

The unions committed themselves to "defuse" the gas tank they threatened to burn down and destroy them in exchange for "guarantees" on the smooth progress of negotiations with management, including premium extra-legal starting they demand.

Neither seen nor known. For five years, just ahead of their quarterly publications, 18 major banks like Goldman Sachs, Morgan Stanley, JP Morgan Chase or Citigroup, have simply replaced the box for "debt", a figure from another, much smaller, according New York Fed. On average 42%, according to figures from the institution, reports the website of The Wall Street Journal (WSJ).

Why? Because they fear being punished by the stock market investors, who watch carefully the amounts of debts and, thus, the risk levels of a bank. And also because they fear that the ratings agencies are reviewing their notes down No teletrack payday loans. What would frighten investors Exchange.

In fact, between two publications, the debts are upgraded in the accounts.In the end, nothing illegal, writes the WSJ Online, which emphasizes that while some complained of the banks confirmed this tinkering, representatives of Goldman Sachs, Morgan Stanley, JP Morgan Chase and Citigroup, have made no comment.

The spokesman for Bank of America has however stressed that "efforts made to manage our balance sheet size are suitable, and these strategies are compatible with the rules and accounting standards.

The steelmaker ArcelorMittal, through Christopher Cormier, a member of the board of directors of the group, and Pierre Gugliermina, who is the chief technology officer, met in New Delhi, officials of the Indian society unlisted Bhushan Power & Steel, reports the Indian business daily The Economic Times.

Discussions would focus on acquisition by ArcelorMittal of a stake in the company Bhushan Power & Steel to access a steel plant and certain mining rights of the latter in the region of Orissa best payday advance! !!???!!!???!!!. ArcelorMittal did not have access to the mines of this region.

The chairman of Bhushan Power & Steel, Sanjay Singal, denied the existence of such a project and he said ArcelorMittal had not approached.Currently the group headed by Lakshmi Mittal does not comment.

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