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The Minister of Labour has acknowledged Sunday that all the experts were predicting for weeks: the goal set before the summer, to reach an unemployment rate of 9% at the end of the year is abandoned, postponed indefinitely even die because of the sharp decline observed for some time on the job market. For two reasons. Not only the number of unemployed who registered in the past five months employment center jumped from 111,400 in Class A (job seekers have not worked at all) and 136,700 in ABC (including those who have been active reduced).

Simplify the short-

But Xavier Bertrand has also confirmed that the figures for the newly unemployed at the end of October 2011, published Monday, "will not be good." Will not like those last two months of 2011, "because of a crisis that continues and intensifies at times on the ground"."There are 20,000 job seekers that could quickly get out of unemployment," promises Xavier Bertrand, who still intends to require companies subcontracting work, including automotive, better take into account the consequences of their choices on the activity and the use of subcontractors.

Themes of the presidential campaign

The Minister of Labour will also make an order to "simplify the mechanisms of short" made in 2008 in order to "keep the company employees rather than fire them, and train them." Xavier Bertrand also wants to up "for a permanent interim" to secure their jobs.

In the medium term, the Minister of Labour also suggests some topics that should find their place in the presidential campaign.

With the rise of mobile phones, plus any hotel guest does call from his room. A loss for the hotel, which charges sometimes indecent communications with margins. Some have found a solution to compensate for the shortfall: charge for access to Internet.

"60% of the hotel offer the Web in their facility to their customers, providing Mark Watkins, president of Coach Omnium, research firm specializing in tourism. For now, about half of the hotels are equipped with pay around 5 euros per hour. Two out of three customers accept when they have no choice, but they find it outrageous. This is not a money problem. For them, it's petty. "

Paradoxically, economy hotels tend to offer the connection and it is the high-end hotels that charge the most expensive.

Private companies have indeed created 110,000 net new jobs over the month (Articles Analysts had expected 100,000). ADP also revised up sharply the number of hires in September to 116,000.

The traditional weekly oil stocks should also be unveiled this afternoon.

On the foreign exchange market, the euro regained some strength, however, rising by 0 fast cash loans.83% in late morning at 1.3775 dollars. Shaken by the announcement of a referendum in Greece on the bailout, the euro fell to 1.3609 dollars Tuesday, its lowest level since Oct. 12.

New salvo of results

As for values, the banking sector that has suffered the consequences of yesterday's bounce in the euro zone, expected to focus attention.

PepsiCo has the sequence of ideas. In 2005, the U.S. giant had failed to put its plans to buy Danone. But it remains today in its desire to add yogurt to its offer. PepsiCo is indeed about to enter the market in the United States, where he will face two well-known leaders in France: Dannon, Danone's subsidiary that produces and distributes America 6 million pots of yogurt a day, and General Mills, number two, which has confirmed its ambitions by acquiring 51% of Yoplait.

In search of food markets growing, the boss of PepsiCo, Indra Nooyi, displays for months his ambition to enter the dairy sector. The group is indeed under pressure from shareholders to boost its growth, to compensate for the decline of its traditional soft drinks in the United States.The yoghurt market in contrast has almost doubled over the past decade in America.

The Wall Street Journal, the multinational company is in talks to create a joint venture in the United States with German dairy group Theo Müller. The latter, already present in the UK since 1995 with its brand Müller Corner, also happens to be looking for expansion outside Europe. The brand and type of yogurt that the alliance wants to produce is not yet known. No more than the amount that the two partners plan to invest easy payday loans.

Positive

With dairy products, Pepsi expand its portfolio of 19 product lines that each generates over a billion dollars in revenue, and would complement its offering food to the radius, at present limited to Frito Lay chips and other crackers Doritos and Cheetos.Above all, the yogurt group would bring to the positive image of the nutritional point of view. Soft drinks like Pepsi, Gatorade, Mountain Dew and Seven Up, are criticized for their high sugar content and are regularly projects surcharges, while snacks are for their salt content.

PepsiCo has already begun to diversify into less controversial products: fruit juices, with the acquisition of Tropicana in 1998, or breakfast cereals with the acquisition of Quaker in 2001. One of the strategic group is also to develop snacks and other snacks made from healthy products. The firm has for example launched last year Tropolis, mashed fruit presented in liquid water bottles for children.By creating a center last year called "Global Nutrition Group," PepsiCo has set a goal to triple its turnover in 2020 in this niche products based on fruit, vegetables, grains and of milk. Dr. Mehmood Khan, an endocrinologist came from the famous Mayo Clinic, was engaged in conduct that set.

The French, Belgian and Luxembourg governments announced Sunday mid-day they had found a solution for the bank Dexia, about to be dismantled. Their proposals were still to be considered by the Board of Directors of the bank has been meeting for 15 hours in Brussels.

In a statement, the three governments reaffirmed their solidarity in the search for a solution that is shaping the future of Dexia, and ensure the management of the banking group, their full support."The proposed solution, which is also the result of intense consultations with all relevant partners, will be presented to the Board of Directors of Dexia which is responsible for approving proposals", they said, without giving more details on how they have learned.

A purchase of 100% of the Belgian branch

Sunday morning, Finance Minister Didier Reynders had indicated in an interview with the RTBF channel that Belgium did not exclude to redeem all of Dexia Bank Belgium (DBB), the Belgian entity of the bank. The price of DBB is estimated between 3 and 7.5 billion euros, and the Belgian State is priced in the low end. "The state will rise sharply in power. If we were 100% (in the capital of Dexia Bank Belgium), I do not rule, we do not intend to stay indefinitely. This does not mean that we will stay three months or six months, "he said.Given the scale of the debt crisis, the Minister of Finance estimated even possible that the state is still present in the capital of DBB in three to five years on line pay day loans.

The scheme favors dismantling of Dexia now a nationalization of the Belgian entity, Dexia Bank Belgium and in France the creation of a new bank dedicated to local communities. This would take the portfolio of loans to local Dexia's a small part comes in the form of toxic loans in the heart of the turmoil for several months. Other assets such as Denizbank, the Turkish subsidiary, Dexia BIL in Luxembourg or be sold. Quatar's sovereign wealth fund would also be interested in the latter entity. The amount of these operations is unknown.

Belgium Dexia has already saved the first time in 2008 by injecting, like Paris, three billion euros.So now it seeks to limit the bill, said Saturday the Belgian daily L'Echo.

In the spirit of Belgian politicians, the idea is to have a solution on the table before Monday morning and the opening exchanges in Europe. Belgian Prime Minister Yves Leterme wants the government proposals to be endorsed soon.

(With agencies)

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The Paris Bourse was able to string together a second consecutive increase session on Wednesday. The CAC 40 closed up 1.87% to 2949.14% points. Like him, Frankfurt and London end of respective increases of 3.23% and 1.02%. Milan won 2.69% and 2.70% Madrid.

But these sharp increases conceal a very strong tension that dominated the entire session, enhanced by the excitement of Wall Street in the afternoon. The indices have been a roller coaster, changing direction at the rate of market rumors regarding the euro area.For example, one on a veto of Austria to strengthen the European support fund, has reduced the CAC in the afternoon, before being denied and allow a rise in prices.

Operators have reacted strongly to all new they had prior to the call for debt in Athens tonight, between the Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel. They expect this meeting to real progress on the issue of Greece's debt.

The Polish Finance Minister, whose country holds the rotating presidency of the EU, has poured oil on the fire by stating that Europe was "in danger". Conversely, José Manuel Barroso has played the appeasement card confirming the presentation of a study on options for the creation of Eurobonds, desired by the market mechanism guaranteed online personal loans.Pending possible support more concrete, Chinese Premier Wen Jiabao in turn referred to a strengthening of Chinese investment in Europe.

Side values, the banking sector has best illustrated the nervousness of investors. Despite degradation by Moody's debt of Societe Generale and Credit Agricole, and the maintenance of a negative watch for BNP Paribas, the banks had continued to rebound early in the day. But the trend was reversed late in the session. Finally, BNP Paribas 3.93% drops to EUR 26.90 and signs the worst performance of the CAC. Societe Generale lost 2.88% to 17.38 euros (the share was still over 8% in half an hour of closing). Crédit Agricole manages to stay in the green of accuracy (1.22% to 5.21%).

Areva decline (-2% to 20.58 euros) despite the announcement by the BBC of an order of over one billion euros by EDF (3.20% to 19.98 euros).Michelin, which maintains its targets for 2011, gaining 5.13% to 46.49 euros.

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Staff morale was recorded in late spring a dramatic improvement, the financial crisis of this summer related to sovereign debt of the United States and the countries of the euro area has dramatically changed the situation. And the beginning of September, white-collar grind black.

In any case, what emerges from the latest wave of the Baro-Eco Viavoice for HEC, Le Figaro and France Inter, in August, the total fertility fell by 30 percentage points from May "Unheard of. And, – 55, the index fell to its lowest level since its inception in 2004, "insists François Miquet-Marty, president of Viavoice.

All indicators are in red and some even collapsing altogether. Thus, three out of four frames (+ 25 points) expect a deterioration in living standards in France in general in a year, against one in two in May.And nearly eight in ten (39 + points) forecast an increase in unemployment in the coming months (the survey was conducted before the publication of poor figures from July). "The extent of the deterioration of macroeconomic indicators is particularly worrying," believes François Miquet-Marty No teletrack payday loans.

Fear of a recession

In this context, it is not surprising that they are pessimistic about the evolution of the economic situation. Seven in ten think that France "will again be in recession" over the coming months."The risks of recession concern especially as states now have more ways to revive the economy," said President Viavoice.

The personal perspectives of white-collar darker too, even though the labor market frameworks remained well oriented in July, according to latest statistics from the Apec, with offers up 67% over 12 months. According to the barometer Viavoice near a two-part (+ 16 points) think their personal financial situation "will deteriorate." More than eight in ten believe that the opportunities to advance their careers will be "weak". "Vote the budget framework of Franco-German proposals against the crisis, G20 in the fall: the appointment of school appear to be crucial to restore the confidence of executives," said François Miquet-Marty.

Click the preview to enlarge the graphic.

While many criminal investigations are underway in the United States against Goldman Sachs, the management of the investment bank is taking the lead. Concordant sources, its chief executive, Lloyd Blankfein, has hired Reid Weingarten, a lawyer outside the company. The establishment said that such recruitment is not exceptional. Thus, a spokesman for the group stated that: "As is common in such situations, Lloyd Blankfein and other members of society must be heard as part of an investigation by the Justice Department U.S. response to the issues raised by a report (of a commission of inquiry of the Senate) have hired a lawyer. "

But in exchange, the reaction was particularly violent: the title of the bank plunged 4.7% to 106.51 dollars on Monday.The action that had opened up a hook at the very end of the session in the wake of the announcement by Reuters, the recruitment of Reid Weingarten. The decline then continued as in trade after the market fell to 105.45 dollars. The markets are worried because of legal troubles that will face the bank and could affect the company and its future profits.

Profile Reid Weingarten feeds the fears of Wall Street

The profile of the chosen lawyer, Reid Weingarten, fueling fears of investors. The latter is one of the most renowned lawyers in the defense of white collar crimes. He has defended the former CEO of WorldCom, Bernard Ebbers and former CFO of Enron, Richard Causey credit reports free. Both men are currently incarcerated for fraud.Reid Weingarten recently said to be "used to defend difficult cases where my clients are hated by all." He has also defended including the former legal adviser to the U.S. energy broker Tyco, former executive director of classifieds site Monster.com employment and CEOs of U.S. Neteller online banking and the reinsurer Gen Re . All suspected fraud, tax or other.

After being hired by executives of Goldman Sachs, some are asking: "Why hire someone like that?" And for them, "it means only one thing: they take the matter seriously."

Goldman Sachs is not his first brush with the law. Accused of misleading its customers at the height of the crisis, the bank had paid $ 550 million in June 2010 to settle a complaint by the U.S. authority to regulate stock exchanges (SEC).And recently, the U.S. Senate issued a 650-page report very critical of the bank for its handling of the subprime crisis. The Justice Department is also continuing its investigation into Goldman Sachs and questions about its activities and its role in financial crisis. The bank is particularly accused of misleading its customers shortly before the outbreak of the financial crisis. She also denies two years of accusations of fraud and conflict of interest.

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It all starts in late July in the French newspaper Le Monde. In a lively pen, "Philae" tells, in twelve parts, how a role play between two traders who are bored leads to rumors of a plot against Angela Merkel and the euro, all on the eve of elections French law of May 2012 ….

In this series of summer, we follow the wanderings of a young journalist from the Wall Street Journal sent to Frankfurt, headquarters of the European Central Bank and the financial hub of Germany. The names of the characters in the story are well known: Bruno Le Maire, portrays in Germanophile finance minister, Mario Draghi, Governor of the BCE, to the old speculator George Soros. On the agenda of the masters of the economy, threats to Societe Generale, next target of a takeover bid, and the Italian bank UniCredit.Their exposure to Greek debt fueling concerns.

Although it is amazed by the accuracy of the descriptions and the likelihood of situations, the informed reader understands that this is a fiction. In August 2011, Bruno Le Maire is not finance minister, but of Agriculture, and Italy's Mario Draghi has not made the head of the ECB, which is still headed by Jean-Claude Trichet.

On a rumor of a fall fiction real

It seems, however, whether this summer series that has inspired the fictional journalists Mail on Sunday, the Sunday edition of the Daily Mail for a story published Sunday catastrophic. In this paper, Simon Watkins and Dan Atkins have Societe Generale "at the brink of bankruptcy after terrible losses from its exposure to the Greek debt" and UniCredit "could collapse so similar" to the French bank.

The journalists added that "David Cameron has interrupted his vacation last night [Saturday, ed] to discuss the situation with Nicolas Sarkozy", a fact that has not been confirmed but exists also in the series of daily French.

Listed on online sites such as CNN mentioned on many forums, Twitter by many users, copied on blogs, the article from Monday, August 8 heat the rumor machine. Many elements accrediting effect the veracity of the article in the Mail on Sunday: Societe Generale is very exposed to the Greek crisis. August 3, his boss Frédéric Oudéa announced quarterly earnings down after a depreciation of 395 million euros for the shares of Greek states.

Wednesday morning the rumor that the company would be general in a situation so serious that the French government should intervene to save her is growing the market. The surprise announcement of a meeting at the Elysee Palace on the financial situation in the morning is a bombshell, and credibility to the words of the Mail on Sunday. The lack of communication officers of the Societe Generale does not help.

Meanwhile, as the stock market collapsed and with it the other financial stocks. At the heart of a black session, rumors succeed: France could lose its triple AAA, the government must save the banking system …

Only the evening that the management of Societe Generale denounces rumors and application to the financial markets opened an investigation into the launch of these sounds.But the damage is done: the bank saw its stock melted from 14.7% in one trading session.

A series of unexplained errors

Several questions remain: how an article in the Sunday edition of a tabloid, usually specializing in photographic study of cellulite British starlets, he could be taken seriously and set fire to the stock market ? How is it also possible that the two journalists of the text may have been confused, which to be inspired by what has been a fiction?

The text of Philae is, indeed, confusing realism. Hidden under the pseudonym, a journalist from the Tribune, Brussels correspondent of the daily economic, and whose employment by the evening paper did cringe at the writing of the World.A French bank would also indignant at the tone of the newspaper that gave off the soap truth, so much so that the newspaper added from 1 August 1 line warning: "Le Monde reminds its readers that situations, facts and figures reported in this fiction is imaginary and should not be taken as an expression of reality. "

There are no quotes in the article by Watkins and Atkins, which are directly drawn from the World Series, but the charges against SocGen and UniCredit, and the words of the intervention of Nicolas Sarkozy to be found in both documents. The Daily Mail has deleted Article guilty of its online site and apologized, acknowledging that the paper was based on "false information". Thursday noon, the Cac 40 fell below the symbolic threshold of 3,000 points, while Societe Generale fell by 7.26%.

Gold endless chain of historical records. On Wednesday, a day marked by a new slump in stock markets, gold futures have surpassed for the first time in history the threshold of 1800 dollars to 1801 dollars an ounce, up 3% on the New York Commodities Exchange (Comex). Spot prices have touched the session 1796.86 dollars an ounce. Expressed in euro, they also reached the historic high of 1,255.89 euros per ounce.

Since the rating is downgraded the sovereign debt of the United States by Standard and Poor's Friday, gold benefits from a surge in risk aversion. "Investors are panicking, they lost all their bearings," said Djillali Hacid, technical analyst at XTB France. As the equity markets, traders do not seem convinced by the various rescue plan intended to secure the sovereign debt, in Europe and the United States."For investors, there is no way for these debt problems. What is proposed is that tinkering is not reassuring and that does not seem able to avoid contagion, "says the analyst. Evidence of the distrust of the operators, the gold had increased its earnings even as the President of the European Central Bank (ECB), Jean-Claude Trichet, suggested that the bond buyback program could resume in support of the Spain and Italy, two countries under pressure from the markets paydayloan.

In addition to fears of contagion gloomy growth prospects in the world and especially in the United States where poor indicators are linked in recent days.

In this context trouble, investors consider gold as a safe haven that allows them to cope with economic uncertainty and turmoil in the bond markets.However, riskier assets suffer warning signs that multiply in the global economy, suggesting a slowdown in growth. Oil is one of those sensitive assets.

Soaring gold prices will last

For the coming months, so difficult to imagine a sudden drop of the metal king. The upward pressure is reinforced by the central bank buying. That of South Korea said Tuesday it had bought 25 tonnes of the precious metal on world markets between June and July, a first in thirteen years. In addition, "the attraction of gold is enhanced by the fact that no central bank has control of its course and can not intervene to limit its power," unlike the refuge currencies such as the Swiss franc and the Japanese yen, said Kathleen Brooks, an analyst at Forex.com.

"The growth potential of the gold is enormous.There is not for everyone and if anyone wanted to buy did, prices would rise even higher, "says one in XTB.