Archivio per la categoria 'resources'

Mining giants could reduce capital

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Greece and Spain markets concerned

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Employers can continue to lay off

 

Employers can say a big thank you to the Social Chamber of the Court of Cassation. The judges of the highest court in the French judicial system will in fact reject the judgment of the Court of Appeal of Paris in September 2010 had invalidated the social editor of a banking software, Viveo the grounds a lack of economic incentive. "This decision could not be clearer, says Malik Douaoui, partner in employment law at Taj. The lack of economic incentive does not justify the invalidation of the redundancy. Its validity is independent of the reason for dismissal. "Even in terms of Virginia Devos, a partner for his share in August & Debouzy:" We had a sword of Damocles that the magistrates of the Supreme Court have raised strictly applying the current law. Their commentary is clear: it can not have judgment without text. "

Current legislation does not in fact authorizes a judge to cancel, before it was implemented, a social plan for any reason whatsoever. The only people qualified to vote are the industrial tribunal that councilors may have to decide, ex post, the lack of or inadequate backup plans implemented. And with this, the key, generally, heavy damage compensation as a benefit for employees who brought the case to court. "This decision removes the freedom of judges to interfere in the a priori social plans", and welcomes Nicolas Sauvage, member of the influential lawyers' union in labor law, Avosial, which in February had alerted all the presidential candidates on this sensitive issue during an election law to dismissal on line pay day loans.

"This decision does not alter the political debate of layoffs but said equity rule the legal issue," says Devos, however, Virginia. In due. Francois Hollande has indeed committed, in a letter to the union Avosial mid April, if elected to make "an appropriate response" to social plans "of pure convenience announced by successful companies" while acknowledging that they represented only a tiny minority of cases in France. "We are not immune to the legislature shortly text files to allow judges to interfere in the management of enterprises and thus thwart the decision of the Court of Cassation," Devos fears Virginia. 'E wish them courage to write this text especially good for the principle of free enterprise under pain of being censored, as in 2002, by the Constitutional Council, "abounds Nicolas Sauvage. "The whole question is about the place we want to give judges in controlling redundancy plans," explains Malik Douaoui. There is therefore perhaps not heard the last of this case Viveo

.

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Michelin manages to impose its prices

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Auto Insurance: What to do in case of dispute

Fostering dialogue

The first rule in litigation is always trying to find an amicable solution by promoting dialogue. Also, after a finding, it is important to make contact quickly with the adviser or broker in charge of your case. This is an opportunity to obtain justifications and make your point of view.

This is unfortunately not the most common. However it is often popular with insurance companies and after clarification of the parties it is common to reach an amicable agreement.

Associate with other insured

If dialogue is not possible to reach an amicable resolution of the dispute, it may be worthwhile to use associations insured or consumers. This helps to make contact with others who are insured in the same situation vis-à-vis an insurance company. Often, litigation, unity is strength and it can exert more pressure on companies.

Think about the contradictory expert

Often, litigation auto insurance regarding the amount of compensation offered by the insurer. To the extent this amount is mostly determined by an expert, do not hesitate to ask an expert opinion. To do this, simply to mandate an automotive expert at your expense. If the contradictory expert reveals large differences with the report which the insurance company, a third independent expert will arbitrate the dispute.

Namely: the cost of third-party expertise are shared between your insurance company and you.

Hiring a mediator

Completely independent, the mediator of insurance and free intervenes as a last resort. Also, other remedies must be exhausted amicable and should not be any legal proceeding.

To take advantage of his speech, just submit the matter to the mediator of insurance by registered letter with acknowledgment. This folder should contain all parts necessary for the proper understanding of the dispute as well as information regarding the insurance company.

Note: the decision of insurance ombudsman does not require the insurance company but is a strong case if a prosecution should be initiated.

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The plan Bercy for a zero deficit in 2016

 

It is an exercise that required this year, just days before the presidential election, takes a turn for controversy. The government on Wednesday presented to the finance committees of the Parliament of the stability program years 2012 to 2016. Designed in Brussels, this document describes how France has reduced to zero by 2016 the cumulative deficit of the state of the social security and local authorities. Consolidation that will reduce gradually the weight of public debt to national wealth in 2014.

To balance its accounts, France must find 115 billion. The government has chosen, policy, to focus the effort on spending two thirds (74 billion) and third on revenue (41 billion). This is the roadmap that Nicolas Sarkozy has taken in its election manifesto. "Just focus on revenue, tax advocate hype as some ignoring the impact it would have on growth, is clearly not a political alternative," says Valérie Pécresse, Minister for the Budget, in an allusion to thinly veiled Francois Hollande.

Indeed, the government does not reduce expenses but limit the increase to 0.4% plus inflation, from 2012 to 2016. The 74 billion is savings compared to the natural drift. "The rise in government spending was 0.3% in 2010 and 0% in 2011, the never-seen since 1960. This shows that our target of 0.4% is credible, "says Valérie Pécresse personal loan for poor credit. To reach it, the government will pursue the course of recent years (knowing also that the reforms already enacted will generate even 39 billion savings in 2016): non-replacement of one out of two official journal of programs for lower government spending, freeze state transfers to local, rising Medicare spending limited to 2.5%.

Optimistic growth forecasts

On the revenue side, Bercy believes that tax increases enacted since late 2010 (on the plane niches, rising 7% VAT …) will generate 33 billion in revenues in 2016. It would be only 8 billion to find. Much less optimistic about the performance measures already adopted, the PS 22 billion talks to find and Nicolas Sarkozy accused of hiding tax increases to voters. Both candidates are fishing perhaps assuming a too strong economic growth (1.75% in 2013 for both, 2% from 2014 in the stability program taken up by Nicolas Sarkozy, Francois Hollande to 2.25%) . But less growth means less revenue and more social spending.

However, Nicolas Sarkozy, unlike Francois Hollande, said the return to balance a priority, regardless of the growth. Francois Hollande and provides a zero deficit in 2017 alone. "We go out of adjustment in 2016, we take a serious risk, if not more," warned Baroin before the Members of the Finance Committee.

If you ride a lot, go to Venezuela

 

While fuel prices going from record to record in France, a study by German GIZ revealed by Challenges, shows that the French are not the worst off. Every two years, this independent economic research firm analyzes the price of gasoline and diesel in 170 countries. The experts come to update some of the results to reflect the surge in oil prices. The barrel has indeed increased by about $ 20 since the last measurements in 2010.

According to the survey, the price differences among countries are unprecedented. Gasoline is cheaper and 112 times in Venezuela, where it costs 0.17 euro per liter, as in Turkey where it reached 1.91 euro per liter, and 88 times cheaper than in France (1.50 per liter on average).

Subsidies and taxes are the difference

To explain these price differences, GIZ identified four groups of countries. The first category includes all states like Venezuela disconnects the fuel price of one barrel of oil through grants awarded to distributors. It is only country in the top 20 oil producers like Venezuela, Iran, Saudi Arabia, Qatar, Kuwait, Algeria, United Arab Emirates paydayloans. The price per liter do not exceed € 0.38.

The second set also includes oil-producing countries but the subsidy policy is less aggressive. Accordingly, the fuel price is a little higher, but remains below the market price is around € 0.58 and a liter as in Nigeria, Kazakhstan, Angola or Sudan.

In the third category, however, there are countries whose tax increased the price of a liter of petrol above the market price. This is the case of the United States, China, Russia or Brazil. The fuel is sold from 0.64 to 1.04 euro per liter.

The last group consists of states where governments have established a strong fuel tax. This is true of all countries of the European Union, Switzerland, Turkey but also in poor countries such as Eritrea and Rwanda. At the pump, the price is greater than 1 euro per liter.

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PSG will issue a record deficit

 

PSG collects records! The Parisian club has made the biggest transfer in buying Argentine Javier Pastore 42 million and the club was the biggest spender of all Ligue 1 last summer by investing over $ 80 million. This winter, PSG has hired three months ago the highest paid coach in France in the person of Carlo Ancelotti paid over $ 6 million per year then the club has spent the most money in Ligue 1 last winter (more than 18 million). Accordingly, in June, the capital club could show, according to Le Parisien, the highest deficit of all clubs of the elite of French football: € 100 million! For the 2011-2012 season, the direction of the PSG is expected to generate 100 million euros in revenue while its expenses are expected to reach 200 million. Half of which are transfers.  

The Parisian club had ancipité mid-season losses of 40 million-which, incidentally is also a record for the Ligue 1. But meanwhile, PSG sacked coach Antoine Kombouare to 4 million, hired a new coach and his staff of half a dozen people, recruited three new players and paid premiums of collective and individual matches.

Germany as a model

Anyway, it would be very bad news if it was confirmed that UEFA will then point at the end of the 2012-2013 season on the accounts of European football clubs. "Clubs must present a cumulative deficit of 45 million euros, said Andrea Traverso, director of financial fair play in UEFA." If this is not the case, the offending clubs face penalties ranging from simple financial penalties up to exclusion from European competitions.  

This perspective does not seem to scare the president of PSG, Nasser al-Kelaïfi, who plans to spend on transfers 100 million euros a year for "five or six years" in an interview with Italian newspaper Gazzetta dello Sport. "I expect a restless summer transfer window next to PSG to do well in the European Cup, but for the transfer markets following the Parisian club will not need to spend much money, says Vincent Chaudel, sports specialist at Kurt Salmon. PSG also must have some stability also sports ". So why is this statement? "The club has an obligation imposed by the results of Qatari shareholders, given the amounts invested in moves, he says. Through this declaration, the President shows other European teams and players who could join him next summer he has the means of its ambitions. "

To offset these significant costs, the Qatari leader expects that the club improves "its revenue marketing, TV rights and ticket sales including" and thus make a profit "within five years." That only the German club Bayern Munich was able to achieve in 2010-2011 with a profit of 1.3 million. In football too, Germany is a model.

Japan has succeeded in limiting the recession in 2011

 

2011, bad year for the Japanese economy. But less bad than expected. The gross domestic product (GDP) of Japan fell 0.2% in the fourth quarter of last year, bringing the decline in growth throughout the year to -0.7%. The Japanese government initially expected a decline of 0.6% between October and December, which would have increased to 0.9% GDP growth over the twelve months.

Struck by an earthquake and tsunami March 11, 2011 which were 19,000 deaths, Japan saw its number of damaged plants and encountered severe disturbances on its electricity production. At this natural disaster were added the slowdown in global demand, a stronger yen and floods in Thailand where many Japanese companies are based, in particular the automobile cash advance to savings account.

Today, the Japanese economy remains fragile. The government and the central bank of Japan (BoJ) hope however dig us out of slump with a series of measures introduced to boost consumer spending, business spending on support by providing funding solutions, and contain the surge of the Japanese currency.

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The Pentagon buys combat clothing in Toulouse

 

In the Pink City, the label high-tech is not confined to aviation. The textile industry may also be asserted. The Department of Defense – the Pentagon – just choose an SME Toulouse, Paul Boye Technologies, to provide the required protection in nuclear, biological and chemical (NBC).

The contract of 96 million euros over four years concluded after months of effort sounds like a win for that reference SME of 201 people.

"Winning the bid to the Pentagon will help us win other international contracts," Boye hope Jacques, president of the family business, which carries 62% of its sales (63 million euros in total year past) in the area of ​​defense and security.

To succeed overseas, it created a subsidiary in the United States and has partnered with local partners, Tennessee Apparel Corp. and Creative Apparel Associates. "It was mandatory to win the decision in a market sensitive," says Jacques Boye. The contractor does not want to indicate whether a part of the production of combat clothing with high added value or not will be produced in one of his four French factories.

This firm, which already dressed firefighters and some French soldiers, won the famous contract masks to protect from flu "H1N1". This investment of 3 million had allowed a turnover of 70 million. "We managed to be better than the Chinese," recalls Jacques Boye who participated in the conquest of America and coveted markets on other continents.