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The Internet of tomorrow is on track. Cisco Systems on Tuesday launched a new twelve times more powerful than its competitors. Its name: the CRS-3.

The U.S. telecom equipment shows its capacity of 332 billion bits per second, indicating that it is possible to download the entire Library of Congress in a second. Or for a billion people watch a video simultaneously. This service delivers "the foundations of the new generation Internet," says John Chambers, Cisco's boss.

The operator AT & T has tested "successfully" the device in the context of testing a "backbone" – the core telecommunications network to interconnect networks smaller – a 100 gigabits between New Orleans and Miami guaranteed high risk personal loans . A world premiere.

This announcement comes almost a month after the internet giant Google has announced its intention to become a pioneer of Internet access at very high speed installation in the coming months networks hundred times faster than ISPs exist in the United States.

Around 18:30, the Cisco Systems shares lose more than 0.15%, to 26.1 dollars, after having degraded to about 1% just before the announcement. "Investors had anticipated this announcement at least one day before," said one analyst.

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These loans provide great help in these circumstances and if you are in need of immediate cash are a great option. Short-term cash loans provide you with fast cash when you need it most.

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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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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Nicolas Sarkozy and Christian Estrosi, Minister of Industry, do not joke with the relocation. Especially if Renault thinks. The Minister of Industry will meet Monday at Bercy representatives of subcontractors and management of Renault. Wednesday, Nicolas Sarkozy will Pelatat Patrick, the CEO of Renault. Raymond Soubie, adviser to the president in charge of social issues, and Christian Estrosi will attend.

The manufacturer would consider producing future Clio fourth alternate name and model currently sold in Turkey and no longer Flins, near Paris. The French site would produce more than batteries. A statement carried by the daily La Tribune is the cause of government ire.The Minister of Industry and UMP taste little idea of seeing an additional part of the Renault automobile production from abroad, namely in Bursa, Turkey, which already produced the Clio.

Last year, the French carmakers Renault and PSA Peugeot-Citroen, each received support from the State of 3 billion euros in exchange for a commitment to keep the territory their assembly plants. A Turkish production 100% of the Clio would be contrary to this commitment. Yet the industrial device mentioned nothing very new.In early November, Carlos Ghosn, Renault's CEO, explained that the plant would Flins the heart of the strategy group in the electric car (our editions of the November 6).

Joint Venture

Besides the construction of an electric vehicle "in the heart of the range" of Renault and of a size equivalent to that of the Clio, Carlos Ghosn stated that the plant would also produce francilienne electric batteries. Renault's Japanese partner Nissan, the Commissariat à l'Energie Atomique (CEA) and the Strategic Investment Fund (ISPs) have signed a letter of intent to create a joint venture. For its part, the State, which still holds 15% stake in Renault, must grant a loan at a subsidized rate, a maximum of 150 million euros in the project.

He has however never been any question that the Clio "is no longer produced in France," explains a spokesman Christian Estrosi.In ministry, it is estimated that Renault has enough plants to France to maintain production in the future Clio. Especially since this model is a best-selling brand and it has plenty of scrap bonus and environmental bonus.

For its part, the CGT Renault protests against a "call for competition between countries, sites and employees." The union condemned the "permanent blackmail exercised by the management of Renault, for grants and tax relief." Facing these criticisms, the management of Renault says that "the future is assured Flins.

Sixteen votes to six abstentions and one vote against. Ben Bernanke looks set to retain the reins of the U.S. central bank for a second term after voting to approve the Banking Committee U.S. Senate on Thursday. However, to formally renew its functions during the next four years, this decision must still be validated by the full Senate. However, this is quite good for Ben Bernanke, already distinguished yesterday by Time magazine as "Person of the Year" because of its good management of the crisis.

The measures taken by the Fed chief has also been welcomed by the chairman of the Senate Banking Committee. Christopher Dodd has said that "can be attributed to Mr. Bernanke some credit for its crucial role in the events of last fall.Had he not, with others, including some on the committee acted at a critical time for our country, we would have a very different and far more catastrophic. "

In this concert of praise, some voices are discordant. Republican Senator Jim Bunning, who did not hide his disapproval of the continuation of Ben Bernanke, has mocked the distinction of Time, stating it had been previously awarded to Joseph Stalin, Yasser Arafat or even Adolf Hitler. " "I hope that Ben Bernanke will run better than they" wished Jim Burning. The independent senator from left, Bernie Sanders, not a member of the Banking Committee, has even questioned the president Barack Obama asking him to reconsider his decision last August to extend Ben Bernanke to head Fed.Despite these protests, Ben Bernanke should be renewed without a hitch.

"Ben Bernanke, voted" Personality of the Year "by Time

While tourism remains weakened by the crisis, TUI AG is doing rather well. The German group published its results on Tuesday nine months, from January 1 to September 30. Boosted by gains from the sale of 43.3% owner of Hapag-Lloyd AG, net income was multiplied by ten. It stood at 401 million euros, against 45 million euros over the first nine months of 2008.

These figures will serve as the annual results for the year 2009. TUI rose on a year shifted from October 2009. "This positive development shows clearly that our tourism business is fundamentally healthy and that over time," said Michael Frenzel, CEO of the group, in a statement. The turnover, now entirely generated by tourism, but has slipped to 14% on a year to 13.1 billion euros.Subsidiaries TUI Travel (tours), TUI Hotels & Resorts (hotels and clubs) and TUI Cruises (cruises) have seen their business drop by 14%, 5% and 9% respectively. The weakness of the pound has also weighed.

Despite the difficult environment, operating income was up 5% to 696 million euros over the year amputated in 2009. And its evolution should remain "stable" for the current year, the statement said. Michael Frenzel is optimistic. The turnover and profits should start rising from 2010/2011, "if the economy recovers as expected.

"And soon it will be like Citroën: the air conditioning for 1 euro more. Where is it? ". On the automotive forums, the news did not pass. Porsche diffuse spot on M6, BFM TV, LCI, Paris Première and ITV to sell its Cayman and Boxster S? Almost unimaginable yet true.

For the first time in France and since mid-November, the Stuttgart manufacturer has opted for a TV advertising to sell a vehicle. His last appearance on the screen goes back to 2000 but at the time, it was a pub where Porsche boasted the success of the band!

This time, he must sell. This is why the German broadcasts a spot almost disappointing simplicity where a car rolls, filmed from all angles, with a traditional voice. Work is yet signed the chic Parisian agency Dufresne Corrigan Scarlett, who manages the brand communication for 10 years.Criticized on the form, she said it is difficult to advertise for a sophisticated sport when the Regulatory Authority's professional advertising bans motor noise or incentives to speed. "For designers, it's hell," says Olivier Bouas Lawrence for Development.

"Watch the video spot:

Despite the size of the challenge is that the agency has proposed launching a campaign builder, "because we've noticed that see a Porsche in motion is less frustrating than to see the frozen ice on paper" Franck Lachaize said innocently, and CEO of the agency. "Anyway, the issue is not whether the creation is good but if the message of accessibility of the brand is perceived, slice Bouas Lawrence Olivier.

Breaking the myth

The message in question is more surprising that the spot itself.Porsche has for the first time on television on a payment by installment. It is an offer of financing lease with option to purchase (LOA). The Cayman S is offered at 550 euros per month for 36 months after a cash contribution of 19,262 euros in first rent and then the final payment of a check for 32,436 euros. Total cost of vehicle: 71,693.22 euros TTC. The sales technique, based on that average range of manufacturers, shocking the purists.

For management marketing group, no controversy. "In the public mind, our prices are 20% to 30% more expensive in reality. With this LOA, we wanted to challenge, to prove that driving a Porsche is possible.It is true that not used to seeing it on the high end, but it must change, "is justified Henckes Colas, Head of Marketing of Porsche France.

Raking in the wider public

Since the launch of advertising, management chasing rumors circulating on the net, accusing her of selling Porsche cars and demystify the mark. "This is false. We do not allow ourselves to surrender. Moreover, the spots are very focused and does not concern the general public, "he defends Colas Henckes.

But the speeches can not hide reality. So far, the brand did not need to appear on TV to inspire envy. The crisis has changed things. Porsche should boost sales of its Cayman and Boxster S, segment 2 seater coupe and roadster in difficulty reflecting lower sales by 35% between 2008 and 2009."It is true that we must be more aggressive in times of crisis," says marketing manager, who welcomed the passage of the arrival of new types of customers despite a highly targeted media plan. "Television is a magical medium," says Franck Lachaize, director of communications agency.

Porsche is now obligated to match the methods of BMW, Mercedes and Audi, who compete in multiple segments. A shift in brand communication, which marks the end of an age-old marketing strategy based on discretion.

Spun off

This turn is motivated by the results fell into the red. In fiscal year 2008/2009 ended in late July, the German said sales fell by 12% to 6.6 billion euros. Production fell 27% to 76,700 cars and accounts have resulted in a net loss of 3.6 billion euros.

In addition to the crisis automobile manufacturer has trouble swallowing the loss of the battle he engaged in Volkswagen (VW) for the acquisition of the latter. It eventually will become VW owns 49.9% of Porsche by 2014. The failure of this merger has boosted the net debt from 3.1 to 11.4 billion euros in 2008/2009 due to the transfer of much of its options on VW shares for a value far below the purchase price. This deconsolidation, recorded in the accounts for 2008/2009, will continue. It will result in a loss of "several billion" in the year 2009/2010, according to Chief Financial Officer Hans Dieter Poetsch.

Only solution based on a recovery in sales "during 2010". To sell, must go on television. Even when called Porsche.

Having virtually disappeared in 2008, housing loans granted to U.S. households with a financial risk profile remake flourished. According to a study by John Krainer, an economist at the Federal Reserve Bank of San Francisco, these loans subprime currently represent 20% of total new loans granted overseas. This share is equivalent to that observed in 2006, before the financial crisis broke out, and when those loans were heavily allocated.

The economist said however that the number of assignments mortgages has narrowed considerably. "The writing of new mortgages has slowed considerably over the past two years.The net indebtedness of households backed mortgages has declined every quarter since early 2006 and is now negative for the first time since the 1970s.

A new type of loan subprime

John Krainer, however, stressed that "subprime" are different from current products subprime granted before the crisis. Now, "the three organizations provide mortgage refinancing semi unprecedented support to the housing market, owning or guaranteeing nearly 95% of new residential mortgages," says the Fed economist.

Banks are no longer transform risky loans into securities traded on the market as they do not have a government guarantee.Thus, the quality of securitized products is more controlled: the GSEs mortgage refinancing that are Fannie Mae, Freddie Mac and Ginnie Mae to ensure. "The securitization carried out parastatals were much more likely to include floating rate loans and accompanied by incomplete information on income and assets of the borrower," said John Krainer.

This increased control reduces the risks of securitization, a practice that is hardly used outside of such mortgages. The Economist points out, however, a drawback to the supervision of banking practices: this intermediation could hinder the return to normal housing market.

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Finally some good news. Sales of tires to motorists called aftermarket leave. Michelin even mentions a "noticeable pick. Dealers begin to rebuild their inventories and demand is the appointment. In Europe, early season winter tires is on track. But this does not apply to the United States, followers of tires "all seasons". In contrast, the market for original equipment, that is to say, sales to carmakers, remains stable. The market for truck tires and engineering seems to have reached its low point, without rebooting.

"We remain cautious on the nature and speed of recovery, tempers Claire Dorland-Clauzel, communications director for Michelin. It showed Friday's new ad campaign "World" of Michelin.The group covers three topics that will be the spearhead of its communication on safety, energy savings and longevity of pneumatic tires. The group says the Energy Saver fourth generation can save 0.2 liters of fuel per 100 km, a reduction in CO2 emissions by 4 g per kilometer. Car tires "consume" fuel indirectly as a result of friction with the ground. This is the "rolling resistance".

More Cherqui competitors

On the life of a full game, this represents a saving equal to the price of a tire. Longevity was also improved by about 30%. Adding the two, Bibendum estimated the savings at 50% of the purchase price of tires.

It is very important for Michelin to cause consumers to think about the "cycle" of use of its tires because they are 10 to 15% more expensive than its competitors.The positioning of the price chosen by the group – which has repeatedly justified in praising the quality of these products – it has helped to cushion the effects of rising raw material. At the beginning of the decade, Michelin has repeatedly raised the prices of its tires aftermarket to pass on the soaring price of rubber and petroleum products. He has managed to preserve its margins. Even in periods of sharp decline in sales, as now, Michelin has not seen this high-end positioning, without losing market share.

In addition, the group has other brands (BFGoodrich, Uniroyal Kleber, Warrior for the Chinese market …) to attack the other market segments, without positioning the entry level.

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