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		<title>Domenech could affect up to 340,000 euros compensation</title>
		<link>http://wtwoodsoncrew.org/domenech-could-affect-up-to-340000-euros-compensation/</link>
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		<pubDate>Mon, 06 Sep 2010 18:40:08 +0000</pubDate>
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		<description><![CDATA[ The record Domenech is nearing completion. According to France Info radio quoted a source close to the matter, the French Football Federation (FFF) has sent a letter of dismissal to his former coach, Raymond Domenech, who is still an employee of the National Technical Directorate (DTN). Information that Fernand Duchaussoy, acting president of the [...]]]></description>
			<content:encoded><![CDATA[<p> The record Domenech is nearing completion. According to France Info radio quoted a source close to the matter, the French Football Federation (FFF) has sent a letter of dismissal to his former coach, Raymond Domenech, who is still an employee of the National Technical Directorate (DTN). Information that Fernand Duchaussoy, acting president of the FFF, neither confirms nor denies. &quot;While he has not received his letter, he does not know, I&#39;m not going to make a statement like that &#8230; The process is supervised,&quot; he said Saturday. </p>
<p> Domenech could also blame a serious mistake to FFF </p>
<p> The nature of the dismissal is not known: misconduct or not. According to France Info, the first solution was chosen.Three facts are alleged to Raymond Domenech: not having shaken hands with the opposing coach, Carlos Alberto Pareira after the match against South Africa, having read the famous mutineers release of players and not telling Escalettes (former President of the FFF) qu&#39;Anelka had told him in mid-time of a technical analysis of a certain depth. In the eyes of the FFF, all this would be a &quot;serious mistake&quot;, leading to immediate dismissal and up to the door without compensation. </p>
<p> A decision that could challenge in conducting the case before the tribunal. And for two reasons: firstly, Raymond Domenech no longer occupies the position he held when the facts alleged against him, on the other hand, it can be argued that Laurent Blanc, the new coach of the Blues assumed his duties before July 31, or the formal end of his contract of coach of Team France.In other words, neither party would have an interest in this case to go to the tribunals of one hand not to tarnish further their respective images and the other not to turn this case series. </p>
<p> &quot;We&#39;ll go faster&quot; </p>
<p> Where an amicable agreement between the two parties would be found, the former coach of the Blues paid about 12,000 euros a month on fourteen dates as all employees of the FFF, could affect up to 340,000 euros, according to the Parisien. Le Journal du Dimanche progressed, the last weekend, the sum of 500,000 euros, and France Soir, &quot;between 1.5 and 2 million euros,&quot; it is ten days. </p>
<p> If one believes the words of Acting President of the FFF, it would move more towards an amicable settlement. &quot;We will go fast, Raymond Domenech wants too. There will probably be a negotiation.It is not a business like any other, but we, like others, a business, &quot;he says. </p>
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		<title>The U.S. unemployment eases the CAC 40</title>
		<link>http://wtwoodsoncrew.org/the-u-s-unemployment-eases-the-cac-40/</link>
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		<pubDate>Sat, 04 Sep 2010 04:40:05 +0000</pubDate>
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		<description><![CDATA[ It is with relief that the financial markets have greeted the unemployment figures across the Atlantic for the month of August. After long hesitation in the morning, in the wake of fences New York markets and European markets have been raking in points after 14.30. In the middle of meeting, the CAC 40 has [...]]]></description>
			<content:encoded><![CDATA[<p> It is with relief that the financial markets have greeted the unemployment figures across the Atlantic for the month of August. After long hesitation in the morning, in the wake of fences New York markets and European markets have been raking in points after 14.30. In the middle of meeting, the CAC 40 has risen by 0.76% to 3659 points. At 15 hours, the ACC is closer to 3700 points (1.89%). At the London Stock Exchange, the FTSE-100 advance from 0.52% to 5399.14 points, and the German DAX 30, the Frankfurt Stock Exchange, rose 0.44% to 6110.88 points. </p>
<p> Before the announcement of the major statistical, investors remained cautious to say the least. &quot;It does not happen much on the markets, who are eagerly awaiting the unemployment figures of the United States, says it in the rooms. Is a very important day. Nobody wants to get new paris before this indicator.Investors prefer to wait and see what is the recovery. &quot; He added: &quot;If the numbers are bad, I think the markets will fall heavily and not only Friday, but next week.&quot; </p>
<p> Services: slowdown in France, rising in Germany </p>
<p> Despite a slight decline as unexpected new listings weekly unemployment across the Atlantic on Thursday, the Labor Department is expected to announce this afternoon an increase in unemployment to 9.6%.&quot;The GDP is not growing fast enough to create hundreds of thousands of new jobs needed each month to reduce employment at its level before the crisis,&quot; said Christina Romer Thursday, who will leave at the end of the week his position as economic advisor of President Barack Obama. </p>
<p> Also across the Atlantic in 16 hours, the ISM index of activity in services for the month of August and a speech from Fed chairman in Atlanta, Dennis Lockhart on current economic conditions are also scheduled . </p>
<p> For the euro area, growth in services in France recorded a slight decline. Whereas 59.9, the PMI stood at 60.4 against 61.1 in July. In contrast, in Germany, he cons 57.2 56.5 in July. Although below expectations (58.5), it evolves to its highest level since August 2007.</p>
<p> Retail sales in the sixteen countries that have adopted the single currency rose 0.1% from June and 1.1% over one year. Economists polled by Reuters had forecast an average increase of 0.2% a month to month and 0.6% a year. </p>
<p> The meeting was much calmer on the microeconomic front, in the absence of publications, the wave of results for this quarter coming to an end the Paris Bourse. </p>
<p> GDF Suez Stock doped by a partnership </p>
<p> The Director General of the operator, France Telecom, Stéphane Richard, told Reuters on Thursday on the sidelines of the MEDEF Summer University he was confident in the outcome of discussions with Canal + on the fusion of strings Orange Cinema Series TV and TPS Star. It will also try to convince the government not to raise VAT on offers &quot;triple play&quot;.France Telecom gained 0.25% on the stock market to 16.18 euros. </p>
<p> GDF Suez (2.09% to 26.75 euros) has signed a partnership with the Brazilian Eletrobras to develop transportation projects and energy production in Central and South America, and Africa.The two groups do not preclude joint ventures. </p>
<p> Air France-KLM (+0.27% to 10.96 euros) plans to create a structure &quot;low cost&quot; for medium-haul routes, especially from Orly to the province to counter the offensive of the British company at bottom EasyJet costs. </p>
<p> The Slovak government has decided to retire to a consortium led by Bouygues (-0.28% to 32.32 euros) a road construction project of $ 3.3 billion through a public-private partnership announced Thursday Slovak Minister of Transport, Jan Figel. </p>
<p> Venezuela will pay approximately $ 600 million (468 million euros) Casino (+0.20% at 66.20 euros) and other shareholders of the supermarket chain Exito nationalized in January said Thursday President Hugo Chavez.</p>
<p> Vinci (+1.05% at 37.14 euros) Thursday announced the acquisition by its subsidiary of Vinci Park UK Meteor Parking which achieves annual turnover of approximately 50 million pounds (60 million euros ), allowing it to become number four in the sector in the United Kingdom. </p>
<p> LVMH (0.81% to 97.25 euros) a court decision is expected this Friday on an appeal by eBay, convicted in 2008 for dissemination and distribution of counterfeit perfume off approved. </p>
<p> Pernod-Ricard still in the red </p>
<p> On the side of the steepest declines, we find Sanofi-Aventis, still in talks to buy the company Genzyme bio technologies. The value is 0.54% to 46.63 euros, after losing 0.53% on Thursday. Pernod-Ricard continues in the red after the publication Thursday of disappointing results.After having yielded 2.37% on Thursday, back down 1.68% to 60.22 euros on Friday. </p>
<p> Ipsen (+0.26% at 27.27 euros) has signed an agreement with the Swiss pharmaceutical company Santhera Pharmaceuticals. The laboratory has received a license to market the fipamezole, a drug that helps relieve the symptoms of this disease in the world, except Japan and North America. </p>
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		<title>Alcatel-Lucent meets its quarterly</title>
		<link>http://wtwoodsoncrew.org/alcatel-lucent-meets-its-quarterly/</link>
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		<pubDate>Sat, 31 Jul 2010 05:48:07 +0000</pubDate>
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		<description><![CDATA[ Alcatel-Lucent continues its annual forecast, after presenting its results for the second quarter. The telecoms equipment maker has finished the past three months with a net loss of 184 million euros, equivalent to a net loss per diluted share of 0.08 euro. This net loss is worse than the result recorded in the same [...]]]></description>
			<content:encoded><![CDATA[<p> Alcatel-Lucent continues its annual forecast, after presenting its results for the second quarter. The telecoms equipment maker has finished the past three months with a net loss of 184 million euros, equivalent to a net loss per diluted share of 0.08 euro. This net loss is worse than the result recorded in the same period a year ago, which then displayed in the green, to 14 million euros. But the quarterly net loss marks a clear improvement over results reported in the previous quarter, during which the group had lost 515 million euros. </p>
<p> Alcatel-Lucent is delighted especially to see its operating profit return to equilibrium. Adjusted data, it is 28 million euros, or 0.7% of revenues.In published data, it remains negative, at -45 million euros, against 130 million euros a year ago, and -263 000 000 euros at the end of first quarter 2010. </p>
<p> Low activity in China </p>
<p> The group&#39;s turnover was slightly lower on a year. In fall of 2.4% over the second quarter of 2009, it stood at 3.813 billion euros, or 17.4% more than during the previous three months. The effects of consolidation and exchange rates were favorable to the group on the quarter. Adjusted data, the turnover of the second quarter is apparent down 6.9% year on year, but it remains up from the previous quarter (+11.8%). </p>
<p> &quot;The momentum has been strong in North America with a double-digit growth and the trend has improved in the world, lower income there is much less marked than in the first quarter.The revenue decline in Europe has remained the order of almost 10%. Finally, Asia Pacific has experienced a double digit decline, due to low activity in China, partly offset by significant growth in India, &quot;the company said. </p>
<p> An improvement in adjusted gross margin </p>
<p> The group&#39;s adjusted gross margin rebounded to 36.1%, an improvement of three points over one year and by 3.5 points compared with the margin achieved during the first three months of 2010. </p>
<p> Alcatel-Lucent is confident for the second half. Ben Verwaayen, the CEO of Alcatel-Lucent, promises to &quot;maintain a strict control of costs and expenses.&quot; He anticipates a &quot;second half of 2010 supported, thanks to a growing backlog.Additional benefits are expected in the coming quarters. &quot; </p>
<p> The group believes that &quot;despite the shortage of components that still impact our supply chain, demand for telecommunications equipment and related services is recovering.&quot; He believes that the growing market for telecommunications equipment will be between 0% and 5% this year. In this context, Alcatel-Lucent intends to achieve an operating profit Adjusted between 1% and 5% of its revenues. </p>
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		<title>Little love story between company and ecology</title>
		<link>http://wtwoodsoncrew.org/little-love-story-between-company-and-ecology/</link>
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		<pubDate>Thu, 29 Jul 2010 13:52:06 +0000</pubDate>
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		<description><![CDATA[ Between business and ecology, this is not a love story. More than half of French companies reported that they did not intend to invest in sustainable development, according to a survey * BVA-line today at the Ministry of Economy. 
 Results that &#34;contrasts with a poll CGPME March 2010 in which 81% of SMEs [...]]]></description>
			<content:encoded><![CDATA[<p> Between business and ecology, this is not a love story. More than half of French companies reported that they did not intend to invest in sustainable development, according to a survey * BVA-line today at the Ministry of Economy. </p>
<p> Results that &quot;contrasts with a poll CGPME March 2010 in which 81% of SMEs said they had&quot; built into their thinking &quot;on sustainable development, says the summary of the study. </p>
<p> From there to pass the act &#8230; &quot;There&#39;s still a gap between thought and investment,&quot; says Bercy. Is it lack of interest? To avoid additional costs? The study does not answer. But she notes that the average conceals wide disparities by size of business. </p>
<p> Only TPE is a majority (56%) not intend to invest.From 10 employees, companies have either already invested or plan to invest. </p>
<p> The SMEs are medium sized (50 to 249 employees) the most advanced. &quot;Without doubt they react faster to trends.&quot; Nearly half have already invested in sustainable development. </p>
<p> Larger companies (more than 250 employees) are slightly less likely to have invested, but they are twice as likely as mid-sized SMEs intend to do. </p>
<p> Companies that invest the most say in the sustainable development belong primarily to the agricultural sector, construction and services.Sustainable development is probably made by these companies from an environmental perspective, &quot;these sectors more than others is subject to obligations or strong incentives matter (fertilizer use, emissions of greenhouse gases including ) &quot;concludes the study </p>
<p> * Survey conducted by the Institute at the request of the Ministry of Economy, Industry and Employment and the Department of Budget, Public Accounts and State Reform. </p>
<p> Conducted from May 26 to June 10, 2010 with 701 business leaders, HR and Executive Committee members. </p>
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		<title>Wall Street in the red</title>
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		<pubDate>Tue, 22 Jun 2010 23:00:08 +0000</pubDate>
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		<description><![CDATA[ After starting the session on an uptick, the indices fall into the red after 16 hours. The Dow Jones lost 0.11% to 10.431points, while the S &#38; P coward 0.20% to 1111 points. Only the Nasdaq is on track with an increase of 0.13% to 2292 points. Investors welcomed the announcement of a bad [...]]]></description>
			<content:encoded><![CDATA[<p> After starting the session on an uptick, the indices fall into the red after 16 hours. The Dow Jones lost 0.11% to 10.431points, while the S &amp; P coward 0.20% to 1111 points. Only the Nasdaq is on track with an increase of 0.13% to 2292 points. Investors welcomed the announcement of a bad back, unexpected, in May, resales of new housing: &#8211; 2.2% last month to 5.66 million units annualized, while economists had forecast an average of 6 12 million units or 5.5%. This further decline comes after two consecutive months of rising sales. </p>
<p> The night before, after long hesitation which direction to take, Wall Street finished little decline in trading volumes very low: The Dow Jones lost 0.08% at 10,442 points, the Nasdaq 0.90% to 2289 points and the S &amp; P500 -0.39% to 1113 points. Previously, Wall Street had lined up eight consecutive sessions.Yesterday, investors have largely reacted to the announcement by China to implement an exchange rate policy more &quot;flexible&quot;. </p>
<p> On the foreign exchange market, the euro resumed its decline late Monday afternoon, and continued to fall in the morning against the dollar, falling below 1.23 dollars, amid persistent fears over the economic health Europe <a href="http://paydayloans-on.com">Guaranteed payday loans</a><!-- . -->. </p>
<p> Energy and raw material expected </p>
<p> On the side of values, or related companies exporting energy and raw materials may still be affected by the rising yuan including Caterpillar (+0.17% to 66.18 dollars) a strong presence in China, Freeport -McMoRan Copper &amp; Gold (-1.37% to 67.18 dollars) or aluminum specialist Alcoa (-0.17% 11.70 dollars).Conversely, the retail sector could suffer pressure on its margins. </p>
<p> Always on the side of values, Visa (-1.33% to 79.82 dollars) and Mastercard (-0.05% to 223.22 U.S. dollars) closed sharply higher Monday after an agreement between members of Congress on the regulation banking fees. </p>
<p> Also note, Goldman Sachs (-0.37% to 137.23 dollars), receives an extension from the court to answer a complaint filed by the SEC, which accused him of fraud. Goldman Sachs has until July 19 to provide evidence to defend himself against the complaint, which concerns the sale of CDOs. </p>
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		<title>Microsoft admits its mistakes in the mobile</title>
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		<pubDate>Fri, 04 Jun 2010 18:56:09 +0000</pubDate>
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		<description><![CDATA[ Ballmer changes speeches. Asked Thursday night during an annual conference organized by the Wall Street Journal, the CEO of Microsoft has significantly delayed its affiliates in the mobile phone. &#34;We had the lead in software for phone&#34; with Windows Mobile, Ballmer said. &#34;We&#39;re not in advance. We have disappeared from the surface and we [...]]]></description>
			<content:encoded><![CDATA[<p> Ballmer changes speeches. Asked Thursday night during an annual conference organized by the Wall Street Journal, the CEO of Microsoft has significantly delayed its affiliates in the mobile phone. &quot;We had the lead in software for phone&quot; with Windows Mobile, Ballmer said. &quot;We&#39;re not in advance. We have disappeared from the surface and we found ourselves in fifth place. This does not correspond to where we wanted and should be, &quot;he added. </p>
</p>
<p> After having &quot;missed a complete cycle,&quot; Microsoft wants to return quickly in the game. While the development of new operating system Windows 7 Phone continues, Steve Ballmer has taken over in late May, the mobile division. He wishes to apply the same revenue in PCs, where Windows 7 has managed to forget the disappointments of Vista. &quot;The market is very dynamic, it is our chance.We have good ideas and good products coming, &quot;he said. This new generation of phones, profoundly rethought, is expected by the end of the year. </p>
<p> According to Steve Ballmer, it is indeed not too late to regain seats in the mobile. The smartphone still represent only 20% phones sold worldwide, said it does Microsoft. For now, the group is activated to convince manufacturers, operators and developers to focus on its future platform <a href="http://payday-advance-i.com">payday advance</a><!-- . -->. It is Orange, France, his partner at the launch. Side applications, the objective is &quot;to first of the most popular on the iPhone,&quot; said Thomas Serval, Director of Platform and Ecosystem Division in France. </p>
<p> The task will not be easy.Microsoft will indeed be faced with competitors &#8211; Apple, Google and RIM &#8211; which have firmly established their smartphones to professionals and the general public. In 2007, Steve Ballmer did not seem worried. &quot;There is no chance that the iPhone conquered a large market share. No chance, &quot;he said. Since then, more than 200,000 applications have been developed for the App Store and nearly 50,000 for Android Market. And Microsoft needs must hurry to catch up. </p>
</p>
<p> Sidebar: The iPad? &quot;A PC in fashion also questioned the iPad, and migration of users to touch pads, Steve Ballmer has clearly distanced itself from Steve Jobs, Apple&#39;s CEO. The iPad, he suggested, is a form of PC among others, only more &quot;new and fashionable. Also, the tablets do not completely replace personal computers.&quot;The PC will change form [...], but people will always use more,&quot; said Steve Ballmer. </p>
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		<title>Short sales divide Europe</title>
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		<pubDate>Thu, 03 Jun 2010 03:04:08 +0000</pubDate>
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		<description><![CDATA[ Europe must move faster on the regulation of short sales. This is the opinion of Christine Lagarde, who yesterday called Brussels to &#34;accelerate the work so we can have a coordinated position at European level&#34;. The Financial Services Commissioner, Michel Barnier, a device must submit by the fall, but Paris would like to see [...]]]></description>
			<content:encoded><![CDATA[<p> Europe must move faster on the regulation of short sales. This is the opinion of Christine Lagarde, who yesterday called Brussels to &quot;accelerate the work so we can have a coordinated position at European level&quot;. The Financial Services Commissioner, Michel Barnier, a device must submit by the fall, but Paris would like to see proposals from Brussels in July or later in September. </p>
<p> The idea being &quot;that is not each other, here or there, tempted to keep up&quot; with other countries that have already taken action on their part. &quot;We will soon impose more stringent rules to harmonize the practices and tools for supervisors, install a coordinating framework for the supervisors, which is not the case today,&quot; says Michel Barnier to Le Figaro. The Commission is ready to offer this new framework &quot;at the end of September,&quot; he insists.The French commissioner however said he will return to the supervisor of each country, given its assessment of the situation in its markets, to take measures of its choice. </p>
<p> This is precisely what comes to Germany. After banning short selling &quot;naked&quot; on the bonds in the euro area, on certain types of CDS &#8211; a contract of insurance against default risk &#8211; and the shares of ten financial institutions, Berlin went further yesterday by adopting a bill that extends the prohibition to all stocks. </p>
<p> Technical challenge </p>
<p> Short sales are sophisticated technical exchanges to sell shares they do not yet own, hoping to repurchase them at a lower price later, pocketing the difference. When they are &quot;naked&quot;, the investor sells securities he does not even borrowed.The technique is challenged, because accused of encouraging speculation down. But the unilateral initiative of Berlin was cringe. Christine Lagarde has deplored the lack of coordinated European and ensured that Paris would not follow that path Berlin while recalling that France already bans on short selling certain financial stocks since 2008. </p>
<p> Berlin&#39;s position is criticized both in London and Paris. &quot;There is certainly not a unanimous position&quot; between the European regulators, &quot;said Chairman of the Committee of European stock market regulators (CESR), Eddy Wymeersch. The framework will present Michel Barnier will solve only part of the problem. In terms of financial supervision, said it does in Brussels, &quot;the Commission does not decide, she proposes.If the Council does not follow, it does not advance. </p>
<p> ALSO READ: </p>
<p> &quot;Regulation: Barnier is urging states to act </p>
<p> &quot;France divided on the naked short selling to </p>
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		<title>Unemployment: Germany takes its game</title>
		<link>http://wtwoodsoncrew.org/unemployment-germany-takes-its-game/</link>
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		<pubDate>Fri, 30 Apr 2010 13:40:10 +0000</pubDate>
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		<description><![CDATA[ Unemployment is leveling off in the euro area. 10% in March 2010, the unemployment rate adjusted for seasonal variations remain in effect identical to that for the month of February. A year earlier the rate was however lower at 9.1%. The EU as a whole is a bit lower at 9.6% in March 2010, [...]]]></description>
			<content:encoded><![CDATA[<p> Unemployment is leveling off in the euro area. 10% in March 2010, the unemployment rate adjusted for seasonal variations remain in effect identical to that for the month of February. A year earlier the rate was however lower at 9.1%. The EU as a whole is a bit lower at 9.6% in March 2010, also unchanged from the same month a year earlier, Eurostat said on Friday. </p>
<p> So these are 15 million unemployed in the euro area accounts in March, 23 million for the EU-27. In one year, Germany is the only one EU country to have recorded a decline in unemployment, falling 7.4% to 7.3%. All other countries saw their unemployment rates increase because of the economic crisis.But are Latvia (the rate jumped to 14, 3% to 22.3%), Estonia (from 7.6% to 15.5% between the fourth quarters of 2008 and 2009) and Lithuania (from 8.1% to 15.8% between the fourth quarters of 2008 and 2009), which record the highest increases in the EU <a href="http://pay-day-loans-i.com">low fee pay day loans</a><!-- . -->. </p>
<p> If it were up to now difficult to find a tandance about the evolution of unemployment figures, said Societe Generale&#39;s analysts now tend to think that the situation should improve in the second quarter. </p>
<p> It should be noted that the rate of female unemployment is still slightly higher than men (10.1% against 10%), but posted a much lower increase. The youth are always the most affected by unemployment, with a proportion of 19.9% in the euro area and 20.6% in the EU.Spain and Latvia beat on this sad record, with respective rates of 41.2% and 44.9%. </p>
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		<title>Football: Liverpool is for sale</title>
		<link>http://wtwoodsoncrew.org/football-liverpool-is-for-sale/</link>
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		<pubDate>Tue, 13 Apr 2010 11:16:31 +0000</pubDate>
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		<description><![CDATA[ Porthmouth bankrupt, condemned Manchester United to assume debt of 826 million euros of its owner Malcolm Glazer &#8230; The elite of English football suffered the brunt of financial crisis. And it is not finished. According to the British press, Tom Hicks and George Gillett, owner of Liverpool Football Club, has mandated Barclays Capital, the [...]]]></description>
			<content:encoded><![CDATA[<p> Porthmouth bankrupt, condemned Manchester United to assume debt of 826 million euros of its owner Malcolm Glazer &#8230; The elite of English football suffered the brunt of financial crisis. And it is not finished. According to the British press, Tom Hicks and George Gillett, owner of Liverpool Football Club, has mandated Barclays Capital, the investment banking subsidiary of Barclays to sell the club. &quot;This is not a surprise when we know their philosophy on Liverpool, says Vincent warmShe, head of sport Ineum Consulting.They clearly did not want to invest any book in the club they use as a &quot;cash cow&quot;. </p>
<p> Under the pressure put by the creditors of the club &#8211; Royal Bank of Scotland claiming payment of 100 million pounds (113 million euros) &#8211; and the rise of a club like Manchester City who could play spoilsport at within the &#39;Big Four&#39; (Chelsea, Manchester United, Arsenal, Liverpool), Liverpool has no other choice but to respond. &quot;If Liverpool wants to keep pace with competitors sporting their English, Spanish and German, they must have a stadium of over 50,000 seats,&quot; said Vincent warmShe.If the project was suspended due to financial crisis, Liverpool have received permission to build a new 60,000-capacity stadium in Stanley Park to Anfield to replace that with a capacity of 42,000 seats. </p>
<p> The owners want to EUR 565 million </p>
<p> Since their arrival in Liverpool, the two investors are highly contested by both the Reds fans as the club&#39;s creditors. In addition to sports scores means, they mostly blew the debt of the club, which currently reaches 237 million pounds (268 million euros) <a href="http://pay-day-loans-i.com">No fax pay day loans</a><!-- . -->. &quot;Like Manchester United, Liverpool is a club that generate healthy lot of money. But that money only serves to cover the debts of their owners. What constitutes a serious handicap for their sports investments.&quot;Says Vincent warmShe. </p>
<p> Sixth in the Premier League &#8211; the equivalent of League 1 in England &#8211; and therefore not qualified for the next Champions League, Liverpool disappoint again this season. &quot;Liverpool is facing a triple handicap: an owner who does not invest a stage too small and sports results disappointing. If the club continues in this path, he will find himself in big trouble. The end of the season is in this sense a real turning point. They must finish in the top four, &quot;says Vincent warmShe. </p>
<p> The two owners of the club then realized it was time to make a substantial capital gain. They hope to gain from the sale of Liverpool, they bought 217 million pounds (245 million euros) in 2007, 500 million pounds (566 million euros). However, in three years, the value of the pound has fallen sharply: in 2007, a pound was worth just under EUR 1.50.Today, ell worth just over 1, 13 euro. </p>
<p> The case is far from being tied up: Tom Hicks and George Gillett have received an offer for now 118 million pounds (133 million euros) to buy 40% stake, valuing the club at least 300 million pounds (339 million euros). </p>
<p> ALSO READ: &quot;A new record for Real Madrid </p>
<p> &quot;The elite of European football known as the crisis </p>
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		<title>United States: banks fudging accounts</title>
		<link>http://wtwoodsoncrew.org/united-states-banks-fudging-accounts/</link>
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		<pubDate>Fri, 09 Apr 2010 17:52:40 +0000</pubDate>
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		<description><![CDATA[ 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 &#34;debt&#34;, a figure from another, much smaller, according New York Fed. On average 42%, according to figures from the institution, reports the [...]]]></description>
			<content:encoded><![CDATA[<p> 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 &quot;debt&quot;, 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). </p>
<p> 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 <a href="http://instant-payday-loan-service.com">No teletrack payday loans</a><!-- . -->. What would frighten investors Exchange. </p>
<p> 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. </p>
<p> The spokesman for Bank of America has however stressed that &quot;efforts made to manage our balance sheet size are suitable, and these strategies are compatible with the rules and accounting standards. </p>
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