Bernard Tapie cases still contain some gray areas. According to a survey completed by Rue89 Charlie Hebdo, the businessman would have sought to avoid tax by transferring some of its assets in Belgium.

This operation was performed twice. In October 2010 first of all, Bernard Tapie in Belgium created a company called "GBT Holding" has, according to Rue89, a capital of only 20,000 euros. Evidenced by a deed recorded in the registry of Brussels and whose site has obtained a copy.

Two months later, the businessman makes a capital increase of the holding company by transferring 60,999 shares of Groupe Bernard Tapie (GBT) headquartered in France, worth over 215 million euros. A discreet way to transfer his assets abroad, in a country where taxation is more advantageous.Rue89 is also the same period, Bernard Tapie assured the Socialist deputy Jerome Cahuzac he only had that 100 to 120 million euros of assets …

Liquidation of debts

This is not the only mounted by the businessman to evade taxes. By the 1990s, Bernard Tapie would indeed be served in another company, called Superior Ventures Limited, to conceal large sums of money to the accountant in charge of liquidating its debts, revealed this week Chained Duck payday loans. Bernard Tapie's lawyer denies the very existence of this company. For its part, the satirical newspaper, without citing sources, provides an extract of transfer slip from Superior Ltd Venture.

Subsidiary of a company established in Malaysia and half owned by Bernard Tapie and half by Andre Guelfi, businessman otamment sentenced in connection with the Elf affair for misuse of corporate assets, Superior Ventures Limited cashed including revenues his musical performances – 120,000 euros copyright for singing "Beautiful Life" on an album of Doc Gyneco – and advertising – 250,000 euros for the campaign to stamp shops Log -.

With the Superior Ventures Limited, Bernard Tapie had also received 12,000 euros per month in wages between 1997 and 2000. According to the accountant questioned by the satirical newspaper, the company would never enter the perimeter of liquidation of debts of Bernard Tapie.

The International Agency for Research on Cancer (IARC) of WHO said Tuesday that the use of mobile phones should be considered as "possibly carcinogenic to humans". This announcement comes after a meeting that brought together for eight days in Lyon thirty experts from 14 countries, could generate much response. In reality, this classification reveals uncertainty experts face a potential risk. Besides mobile phones, the decision also applies to other wireless phones.

"The evidence continues to accumulate that are strong enough to warrant classification at 2B (one of five levels of classification that defines product" possibly carcinogenic "to humans, Ed)," said Jonathan Samet , chairman of the working group, during a telephone press conference."The working group based this classification (…) on epidemiological studies showing an increased risk of glioma, a type of brain cancer associated with the use of wireless phones," he said. This ranking means he believes that "there may be a risk, and therefore we must closely monitor the link between mobile phones and cancer risk."

Tumors of the auditory nerve

Experts have analyzed hundreds of studies already published on the subject short term personal loan. The possible association between wireless phones and cancer focuses on gliomas and acoustic neuromas, tumors of the auditory nerve. The potential risk involved rather large users (thirty minutes per day for over ten years). Experts believe that further studies are needed long term to refine this classification.Meanwhile, they ask that pragmatic measures such as promotion of hands-free, are taken to reduce personal exposure.

In contrast, radar, microwaves and radio signal transmitters, television or wireless telecommunications (masts) were not classified due to insufficient data.

The World Health Organization classifies products or agents used by humans into five groups according to their risk of cancer. Group 1 identifies the 107 carcinogenic to humans. Group 2A, so-called "probably carcinogenic" (59), 2B substances "possibly carcinogenic" (266), group 3, the agents "unclassifiable" and group 4, the "probably not carcinogenic."

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The Paris Bourse, which ended the session last night in the red, opened sharply higher on Friday before slowing its progression. Following the announcement by Fitch with a view to lowering the rating of Japan from stable to negative, the CAC 40 progressed still further by 0.81% to 3949.04 points in mid-session. A development that contrasts with the reluctance that dominates world markets. This morning, in fact, Asian stock markets have shown sluggish, and last night in New York, the trend was too timid on the bottom of the front indicators disappointing growth and employment United States. The sharp rise recorded in Paris due to the surge in bank stocks, automobiles and oil.

The news is mainly directed towards the G8.The International Monetary Fund (IMF) has warned that he would continue to make its aid Greece that if he got "assurances" that the country is able to repay the money. "When we lend money, it is not I who do this are all over the world that lend to Greece," said Director of External Relations of the Fund, Caroline Atkinson. Moreover, during the G8, the IMF has proposed aid up to 35 billion euros to support the Arab countries. On the other hand, the international community must "lend its support to Côte d'Ivoire for its development," called the Ivorian president Alassane Ouattara, who estimates it takes between 15 and 20 billion euros for his country.

The euro to over $ 1.42

Side economic statistics, nothing is planned in France.In Europe, however, the economic sentiment deteriorated more than expected in May in the euro area, optimism ceding ground in all sectors, according to data released Friday by the European Commission.

Note that a meeting of European telecom ministers held in Brussels today. United States, expenditures and household incomes (April), consumer confidence from the University of Michigan (May) and promises of housing sales (May) are expected.

On the currency front, the euro fell back against the dollar and is trading at mid-day to more than $ 1.42, reaching 1.4216 dollars around 12:25 pm precisely. The dollar weakened with poor indicators published yesterday.However, he recorded a new record low against the Swiss franc, the concerns on debt in Europe getting the upper hand despite speculation about increased Chinese investments in European debt. The President of the European Central Bank Jean-Claude Trichet said a further rise in rates of the euro area will not be immediate, says the Wall Street Journal.

The oil rating over 100 dollars in New York.

The rating of Dexia was suspended

Ingenico is leading the SBF120 in mid-session, up 5.72% to 32.35 euros, in view of the benefits of contactless payment system launched by Google and ensure the French group which participates.

Derichebourg once more took 2.82% mid-term. The CAC, it is the banks where smiling.Credit Agricole, BNP Paribas, Societe Generale, Natixis and Axa rise by 4%, 1.84%, 1.92%, 1.33% and 0.76%.

Some European banks, including French Societe Generale and BNP Paribas could avoid in part the prudential standards called Basel III, according to a draft text quoted by the Financial Times. In addition, Citi has gone to "overweight" on BNP Paribas, one of his favorite European banks.

Note that the listing of Dexia was suspended on the Paris Bourse, at the request of the Belgian regulator.Trading will resume when the "appropriate information" will be published.

Accor stands: + 1.03% to 31.26 euros, while the values ​​of the car, Michelin, Peugeot and Renault are also oriented, with respective increases of 0.85%, 1.11% and 0.56%.

However, the latter manufacturer, sales show a 35% drop since early May and the French car manufacturer is concerned that this situation might continue a few more months, the BFM radio reported Friday. This drop in sales has forced some dealers to concede significant price reductions with "discounts" of up to 45% on certain models of Clio, the station added. Furthermore, Renault early 2012 a small entry level car developed in India on a platform of low-cost Nissan, La Tribune reported Friday.

Areva.The subsidiary of Areva's mining pole should be subject to the approval of the supervisory board of the company July 21, said Thursday the European Group Committee (CEM) of nuclear specialist public.

EADS (-0.42% to 22.41 euros) confirmed the date of first delivery of Airbus A350, but one of the airlines, estimates that two or three variations of this device could be delayed by six months, reports The Figaro on Friday. According to Flight International, Qatar Airways may order A380s at Paris Air Show.

Dassault Aviation (1.01% to 702.12 euros). The entire business jet Falcon 7X group were grounded after an incident in flight on one of these devices, announced the European Aviation Safety Agency (EASA).

Veolia (0.58% to 20.66 euros).The share of international activities of the group should increase in coming years, thanks to expected growth in Asia and North America, said Thursday the Director of International Affairs Group of utilities.

This Friday, Ipsen and Alcatel-Lucent will hold their general meeting.

The President came in person at Nesle, Somme, officially announced the canal Seine-Nord Europe. This equipment of 106 km is expected to connect the river systems of northern Europe to the Seine for large-gauge barges by 2017.

"If the head of state is not involved personally to advance a project of this magnitude, nothing comes out," said Nicolas Sarkozy. This is actually two decades that early studies were initiated. The challenge: to get barges of 4,500 tons against only 650 tons today.

"The crisis is not an argument to halt the project, it is an argument to push him," stressed the Head of State announced the creation of 4,500 jobs for construction and 25,000 jobs to run.The difficulties in financing this major project, now estimated at over 4 payday loan lenders.2 billion euros to explain his slow start. Finally, regions and departments will pay crossed 710 million euros, ports (Le Havre, Rouen, Paris, Dunkirk) 106 million, the European Commission 333 million. "We also expect a contribution from the general advice of Ile-de-France," says Nicolas Bour, project director for the Waterways of France (VNF).

The private sector will invest over 2 billion euros. Bouygues and Vinci-Eiffage consortium have expressed interest to participate in "competitive dialogue" launched Tuesday. The final selection will occur within eighteen months after exchanges between manufacturers and government to refine the project technically and economically.

It is an umbrella of a particular kind enough since, in addition to a shower of rain or hail, it can withstand a launch pavers, bowls or other knives, but also to fire or acid. The "Parapactum, presented this morning at the salon in Paris Made in France, has been adopted by the Security Group of the President of the Republic. It is manufactured by True Cherbourg, a small set of twelve fifteen years ago in the Cotentin.

Contrary to what might suggest images of film, it did not exist previously manufacturing umbrellas in Cherbourg. Moreover, the quarantine of French specialists of the time, there are only four. The vast majority of four million items purchased each year in France are imported from China.

Former photographer and businessman, Jean-Pierre Yvon has decided to fight against the current.He chose the beginning of the invasion of China staged a French manufacturer, in Cherbourg, financed by selling the family mansion.

"At Cherbourg, it's raining, windy, says that original contractor. I wanted to do the "Burberry" umbrella, emphasizing quality over volume. He sells between 10,000 and 15,000 pieces per year for a turnover of almost one million euros no faxing payday loans. The beautiful work, handmade, sold between 100 and 350 euros each. But that does not return to the slightest breeze.

More than a year of research

The Real Cherbourg has its supporters, faithful regulars Bon Marché in Paris or a dozen other retail outlets in France and Japan. The brand already fitted to the Elysee in golf umbrellas.It is therefore natural that Jean-Pierre Yvon, joined by his son Charles, a graduate in physical sciences, has answered the call for bids for the Technical Centre for Homeland Security to develop a model for protecting dignitaries.

It has invested around 200,000 euros and received support from OSEO. The Parapactum took more than a year of research and has been tested to withstand winds of 168 km / h in the wind tunnel of the Institute of Aeronautical Engineering St. Cyr l'Ecole. There were risks: "Every time I showed a prototype, he refused to open or broke it," says Jean-Pierre Yvon. The special materials used, developed with companies who work for the defense, are top secret. A dozen copies have already been ordered by the authorities. Price: between 6000 and 12,000 euros, depending on options (types of materials).

The greed of the bankers, the negligence of public authorities responsible for supervising them? Such explanations are just the scum of things. The real culprits, it is the poor. They are the ones that led the U.S. economy to its derailment in 2008. And it will still be their fault if the United States but also Europe, can not get out of the rut. "Beat the Poor," Baudelaire recommended. "Without reducing inequalities, no crisis!" Warns with more compassion Robert Reich highlight of his book, The Day After Tomorrow, which appears this week in France Vuibert.

For this former labor secretary in the Clinton Administration, a professor at the University of California Berkeley and an acknowledged expert of globalization, the earthquake that shook the developed economies is primarily social in nature.He is not alone in making this comparison. Last week, Dominique Strauss-Kahn cited the same statistic, in a speech in Singapore. The IMF chief was concerned about the imbalances of any kind (social, fiscal and trade) that weaken more than ever, according to him, the world economy. This is not a moral issue, insists the Berkeley professor, but effective. The problem does not follow from this that "the rich live too well with the rest of the population but, paradoxically, the modesty of their excessive lifestyle." Thus, across the Atlantic, 10% of the population account for nearly half of annual revenues and contribute to 40% of consumer purchases.Which is huge in itself, but is too narrow a basis for the growth of the economy.

Robert Reich is a tribute to Marriner Eccles, now long forgotten, while the wealthy banker has chaired the U.S. central bank, the Fed, from 1934 to 1948, and was one of the main designers of the New Deal of Roosevelt."Mass production must be accompanied by mass consumption, mass consumption and this in turn implies a distribution of wealth – not of existing wealth, but wealth produced during the same period – as it provides men purchasing power equivalent to the quantity of goods and services offered by the country's productive apparatus, "Eccles explained low interest rate personal loans.

Division increasingly marked

This "founding pact," the automaker Henry Ford had also put into practice before, so that workers can buy the cars they produced. Why does there more? Robert Reich cites globalization and automation, "The Internet, satellite communications and the open container businesses with increasingly easy access to a workforce with low wages in countries around the world.At the same time, machine tools with numerical control, robotics and advanced software provide, in our own country, inexpensive alternative to human labor ".

This results in a division more pronounced in the U.S. population. On the one hand, outreach activities, restoration of the building, the other "highly complex services (management, finance, technology)" whose talents are sought worldwide. The salaries of these two groups diverge more and more. And "undeniably, immigration has helped to accentuate the differences," says former Labor Secretary Bill Clinton, that can not be accused of populism or protectionism. It's also his obsession.He even considered the victory of a "party of independence" in the U.S. presidential election of 2020, which would freeze overnight any form of immigration and relocation, immediately causing "a drop of 50 % of Dow Jones. "

"Mechanisms of relief" that had helped find a response to the stagnation of the purchasing power of middle-class thirty years -80% of the population – are now exhausted. The headlong rush of households in debt, which was behind the banking crisis of 2008 is no longer appropriate. Robert Reich calls a "New Deal for the middle class." It recognizes that international trade and globalization complicate the pact between producers and consumers. The major political debate.

Despite a decline in fourth quarter, Samsung shows an annual profit up 40% in 2010 to 16,150 billion won (10.6 billion) with sales up 13.5% over 101 billion euros. Korean displays an insolent net margin of 10.4%, against 7.2% in 2009. The cash of 14.7 billion euros it also leaves the field to fund its various expansion plans.

Samsung bringing a growth of 40% of the market of mobile telephony this year, to nearly 1.4 billion phones sold worldwide, with a marked acceleration in demand for Smartphone. Korean has much advantage of this craze and put on a doubling in sales of smartphones this year. The good performance of the S Galaxy, its flagship Android-powered smartphone to maximize the incentive cash advance loan no fax.With 10 million copies sold in one semester, it represents one third of iPhone sales. The tablet group, the Galaxy Tab, also honorable debut on the market.

Good behavior screens

The Korean has nevertheless been affected by falling prices of components (memory and LCD panels) for the computing market and television. But he believes that a low has probably been reached. And to expect a recovery or stabilization of prices. Supply difficulties encountered by some manufacturers and a rebound in commodity prices are likely to contribute to relief of rates. In addition, Samsung will expand its range of TV screens to meet the growing demand for LCDs, especially in the entry level.

Back in Exchange for General Motors succeeded! Three weeks after AIA and its more than 20.51 billion dollars raised in Hong Kong, General Motors announced that its IPO will be the largest in history. And even the world if the over-allotment option is exercised. At the close of trading in New York, the share grew from 3.6% to 34.19 dollars after surging more than 7.7% in early trade.

The U.S. manufacturer has offered for sale 478 million shares (against 365 million previously proposed at a price between 26 and 29 dollars), at a price of 33 dollars cash advance no faxing.Total supply will be $ 20.1 billion or 23.1 billion dollars if the over-allotment option, that is to say, any emissions of additional shares in the event of high demand, are fully exercised.

That General Motors will do better than Visa in 2008, had raised $ 19.7 billion, including over-allotment option. "Raising prices is a sign of a vote of confidence in the company and the action they propose," said Michelle Krebs, an analyst Edmunds.Com.

The U.S. stock market should open sharply higher Thursday. Futures on Standard & Poor's 500 and Nasdaq 100 advanced in effect respectively from 1.09% to 1190.30 points and 2122.50 points to 1.22%. On Wednesday, Wall Street has ended the session on a hesitant note. The Dow Jones lost 0.14% at 11,007 points, the Nasdaq rose 0.25% to 2476 points and the S & P 500 by 0.02% to 1178 points.

The big event of the day on U.S. markets is the return on the stock market from General Motors. A year and a half after its bankruptcy the manufacturer would make a triumphal entry into the New York Stock Exchange.At its IPO General Motors (GM) will rise on Thursday at least $ 20.1 billion (23 billion if the over-allotment options are fully exercised) making it the biggest IPO ever occurred in the United States and may even exceed the world record held by the Agricultural Bank of China. The first U.S. automaker announced Wednesday that its IPO would take place the next day at an introductory price of $ 33 per common share. GM will indeed break the record for Visa, which raised $ 19.7 billion in 2008, making it far the largest market introduction ever known in the United States.The operation could even beat the world record for the Chinese bank AGBANK, which raised $ 22.1 billion in August by launching a stock exchange.

On the macroeconomic front, investors expect this particular Thursday, the Atlantic, the traditional weekly jobless claims as well as the manufacturing index for November for the Philadelphia area and finally, the index of leading indicators for the month of October.

Always at the macroeconomic level, the Organization for Economic Cooperation and Development (OECD) club of major rich countries on Thursday confirmed the slowing of the recovery, particularly in the area and very strong in the United States. In its new report on the Economic Outlook, the OECD forecasts a global growth of 4.2% next year, after 4 cheap credit report.6% this year.United States, the economy would grow 2.7% in 2010 (against 3.2% expected in May) and only 2.2% in 2011 (against 3.2%), before the rebound of 2012 to 3.1%.

On the foreign exchange market, the euro quickly recovering himself on Thursday, climbing above the $ 1.36 threshold, while the start of crucial talks between Ireland and its European partners on significant assistance given to appease Dublin some market concerns. Around 11:00 am in Paris, the euro bought 1.3629 dollars against 1.3530 late Wednesday

On the values front

The side of values, the U.S. bank Citigroup which examines 14,000 foreclosures recognizes "the probable procedural errors," according to the text that the branch manager of its mortgage, Harold Lewis, must decide on Thursday before a parliamentary committee. This is the first time this bank admits probable errors in this record.Ally Bank (formerly GMAC), JPMorgan Chase and Bank of America suspended early October tens of thousands of foreclosures in the United States after discovering errors in procedures.

Ford has also confirmed the sale of his shares beyond majority Mazda. The American manufacturer will reduce from 11% to 3.5% of the capital of its Japanese counterpart. Both manufacturers maintain their strategic partnership. The U.S. manufacturer was the largest shareholder of Mazda since 1979. After this sale, it will downshift to fourth. Change must be effective November 25.

The American biotech group Genzyme announced Thursday it would sell its diagnostics to Japanese Sekisui Chemical for 265 million dollars.

Also note, the computer company Applied Materials said on Wednesday after trading profit of 468 million, or 35 cents per share.Analysts were expecting a profit of 31 cents per share.

Always on the side of values, investors also expect this Thursday after the close of Wall Street results from Dell.

1. MACRO ECONOMIC COORDINATION: To be continued …

The G20 has agreed to make concerted fiscal stimulus to London to avoid depression. It was a success. In Toronto, the G20 has endorsed the post-crisis differentiated, giving the green light to the rigor in Europe, without preventing the widening deficits in the United States. But macroeconomic coordination tightly decided in Pittsburgh, with a communication to the G20 economic policies proposed by different countries, and monitoring of targets by the IMF, has remained a dead letter. The United States hopes to rehabilitate, Seoul, through close monitoring of current account imbalances.

2. REFORM OF IMF AND WORLD BANK: Acquired

Emerging markets have gained representation in the IMF and World Bank.The IMF Board approved on November 5 the doubling of the voting rights of China (2.9% to 6.1% of total) and increased voice of India and Brazil . The United States, France and Britain have agreed to reduce their quota shares. The reform will take effect in late 2012. The IMF will also double its resources to reach 534 billion euros, a decision taken in London G20. Reforming the World Bank endorsed the G20 Toronto, will see emerging and developing win votes 3.13% to 47%. The boss of the Bank, Robert Zoellick, called for 50%.

3.BANKING REGULATION: Basel IIII will be endorsed in Seoul

Ten years to draft prudential standards called Basel II, two years to give birth to Basel III: Angela Merkel does not fail to recall the enormous work done by regulators to increase the quality and quantity of bank capital – 2% to 7% – while creating a liquidity ratio and debt. Two questions remain daunting. First, if Europe has promised to implement these rules, the question remains as regards the United States. Then the debate is raging over whether or not to require from the systemic institutions even more capital. A topic for Seoul and 2011.

4. BONUS HEDGE FUNDS: Better boxes

Bankers overpaid. It was one of the priorities of the G20 in London. On this point, Europe has made great progress.Too even consider European banks who feel disadvantaged relative to their American or Asian. The bonus cap was passed by the European Parliament and the Committee of European Banking Supervisors board for accelerated reform on 1 January 2011. A tax on the bonus was introduced in Paris, London and Frankfurt. The United States themselves are content to "frame" bonuses without taxation. They chose to monitor the activities of hedge funds by limiting the amounts that banks can invest, while Europe has decided to submit to authority.

5. TAX HAVEN: monitored

The G20 in London marked the departure of the great crusade against tax havens, led by Paris, Berlin and Washington, which in turn sway the strongholds of bank secrecy.Switzerland, Austria, Monaco, Liechtenstein … decided to comply with the OECD standard on exchange of tax information. Result, a year and a half later, the list of uncooperative jurisdictions OECD now has only ten small countries. More than 600 bilateral agreements were signed and the French-Swiss tax treaty enters into force in January. States have also initiated through the Global Forum on transparency of the OECD, a process of peer review of progress, which must be completed by end 2011.