Sotheby's auction of old vegetable

Even Sotheby's, all recipes are good for boiling the kettle. On 23 September in New York, establishing world-class sales, which usually dispersed collections of paintings or jewelry the most prestigious, will auction … vegetables. But not just any old vegetable he will, almost extinct varieties of pumpkins, pumpkins and eggplants with the production, organic of course, is essentially American. Farmers in several states are currently pushing so valuable prizes. Simmered meals by top chefs and baskets will also be awarded.

Funds raised during this sale, called "The Art of Agriculture", are intended to teach children about nutrition.Agricultural projects for new organic farmers are supported.

Very rare, these vegetables will be presented very expensive: Unions mixing gourd "Lady Godiva Squash" and other "Pink Banana Pumpkin" will be priced at 1000 dollars. If vegetables are then donated to charities, gourmets can buy discrètement.Charles Gautier

Most low fee payday loans have a term of two weeks, meaning the loan needs to be repaid with your next paycheck.

Asia claims the world market of the press

Every day, worldwide, 1.7 billion people read a daily fee. Either one quarter of the adult population worldwide. With non-daily newspapers, 37% are adults, from Beijing to New York from Cape Town to Hamburg, from Calcutta to Moscow, blackened fingers over 12,477 titles, or 1.7% more than in 2008. The global distribution of newspapers has reached 517 million units sold in 2009, down 0.8% from 2008 but up 5.7% over five years.

These statistics, released Wednesday by the World Association of Newspapers and publisher of the news media (WAN-IFRA) in its annual report on global trends in the media are reasons to be "optimistic", says President WAN-IFRA, Christoph Riess.

In detail, the global market of the press especially took advantage of Asia's appetite for newspapers. The region is home to 67 of the 100 largest newspapers published worldwide.There is also the major newspaper markets – with, in mind, India (110 million copies sold daily), China (109 million copies a day) and Japan (50 million copies) . It also published in the archipelago that is the largest daily in the world published: Yomiuri Shimbun runs every morning at more than 10 million copies.

Very hungry for news, Asia recorded in 2009, an increase of 1% in the distribution of its daily revenue. Over the past five years, it has increased by 13%. The region is thus one of the most dynamic, after Africa, where the diffusion has increased by 30% since 2004. The distribution of non-daily newspapers in Asia, she rose 3.1% in 2009, ahead of Australia and Oceania (+1.8%) and Europe (+1.5%).Over five years, this category grew 17.3%.

Going digital

Conversely, markets with a mature media environment see sales of their papers back. The distribution of paid dailies has declined by 3.4% in North America and 5.6% in Europe in 2009. Over five years, these two regions have lost 10.6% and 7.9% in the distribution of daily press charges. "While traditional newspapers in many markets mature losing readership, media companies on these markets are at the forefront of the digital revolution, is consoled Christoph Riess.Many newspapers in mature markets have turned to digital platforms and new forms of printed publications, expanding their product portfolio, their audience and revenue. "

However, for WAN-IFRA, "the advertising revenue related to digital activities will not compensate the losses of printed products. However, newspapers have a real card to play on mobile phones: "Mobile services can reach 100% of the population and the payment for such services has been well established in the customs," the report says.

The Fund is aimed at China

Meeting Monday in Washington, the directors of the International Monetary Fund (IMF) has called on China to rebalance its growth. It is now driven by exports and investment, and little by domestic demand. Even if the consumption figures were revised upwards for 2009, growth in domestic demand remains a key challenge for the government, with control of inflation in property prices. In this regard, the IMF welcomes the measures taken by Beijing and noted that "additional measures may be needed to address this problem at its root.

Some members of the IMF estimate that a stronger currency would help China to rebalance its growth, expected by the institution in 2010 to 10.5% and 9.6% in 2011. Economists have however been divided on the issue of undervaluation of the yuan.In fact, six weeks after announcing the easing of exchange rate policy, China continues to monitor closely the movements of its currency, which gained less than 1% against the greenback.

The end of the docking of the renminbi to the dollar opened, at least, the prospects in Shanghai as an international financial center potential. Guangdong Development Bank, based in Canton, bet on this option and will move its bond traders and exchange rate regime in the economic capital of China.

Rising house prices worries Appeared

Secretary of State for Housing returns including the removal of stacking individual housing for students and the half-tax share for dependent children.

LE FIGARO. – Do you react when prices of the older building are divided on the rise?

Benoist appeared. – These price increases are not good. What can be done to curb them? First, hire a real estate policy. Today, there is not enough land available. And that contributes to higher prices. We are moving ahead on the transparency of real estate prices. Currently, there are so many statistics that no one is confused. To provide clarity, we label the most reliable statistics. Finally, we are working on increasing housing supply in areas strained.Because if prices rise faster in Paris (15% in one year) than in France (+8.5%) (as Century 21, Ed), is that supply is insufficient. For example, in the next aid reform homeownership, people who buy new in the tension zone will be helped more than those who buy into the old to the same place. This will encourage developers to produce more housing.

The removal of stacking individual housing for students and the half-tax share for dependent children is debatable. Why did you make that decision?

It's a fairness issue. Families choose the device which is more favorable. The PLA is the only student for personal housing without means testing. Today, 535,000 homes add to the LPA half share in the income tax.Obviously, this does not affect the poorest households, who pay no income tax. And the higher the income, the higher the benefit of the half-tax share is important. We wanted to put an end to this combination. Now he must choose between the PLA or the half-tax share. According to our estimates, 70% of households will retain the PLA, the more financially attractive. This measure will come into effect in September 2011. And allow the state to save $ 200 million.

The contribution of EUR 340 million requested for social landlords has also brought controversy. How do you explain that?

This measure allows the equalization of implementing a major goal: to build more where the needs are! Of the 800 social landlords, 10% to 15% build and invest very little. In the middle, we call them "plump dormant.Especially we ask for them in 2011 an effort of solidarity to implement this equalization of 340 million euros. These amounts will be redistributed to many social landlords who build in areas where land is expensive and where the needs are increasingly important. For this contribution does not result in an excessive increase in rents, I hope the IRL (benchmark rents) is now a target growth that social landlords will not exceed.

How do you respond to social landlords who say it will lead them to build 20,000 homes in less than in 2011?

In late 2008, donors had social capital of 6.5 billion euros. That still leaves them real freedom of maneuver. Furthermore, the terms of participation and redistribution of these 340 million will be discussed with the world HLM.But we will maintain our high level of funding for social housing with government intervention 10 billion.

In 2011, Action Housing (formerly 1% Housing) Will there still subsidized to the tune of 1.25 billion euros the National Housing Agency and the national agency for urban renewal?

Yes and it's not a surprise. This contribution of 1.25 billion was provided for three years from 2009 to 2011. This will keep the government's commitments in the fight against fuel poverty, urban renewal, renovation of old neighborhoods and degraded fight against substandard housing. Already, we are discussing with Action Housing to determine its future contributions. And we have no plans to increase it.

A higher Kerviel: "He played the comedy"

Like The Prisoner, the hierarchs of the Societe Generale will designate them by numbers, which creates a particularly warm climate. In the case of Jerome Kerviel, we have, in order of increasing responsibility, N +1, N +2, etc.. Until the Director General, N 7. Hence the paradoxical equation that seeks to resolve the criminal court of Paris against a chain of command if expanded and a financial disaster without precedent: (N +1) + (N 2) … + (N +7) =- 4.9 billion euros in January 2008.

Here, at the helm, N +1. A tall, friendly, very thin uniform N + (gray suit, blue tie), polytechnician ruffled the soft look. In real life, he called Eric Cordelle, 38, married, two children. Societe Generale was dismissed in April 2008 and is currently "looking for a job."What is immediately striking is that it does not seem really for the post of Chief of Jerome Kerviel and seven other traders that he agreed in April 2007: expert financial engineering, back from Japan He knows neither the language nor the tricks of trading – exactly the opposite profile of its predecessor. Hence the hypothesis raised by the prosecution, that Mr. Kerviel would have easily eaten secretly by investing 50 billion euros.

What is striking then, is how little energy spent by N +1 to the detection of internal fraud. But N 2, we hear just now, as N 7 and N 6, previously interviewed, was no more ardent. It even comes to say that SocGen was on this point, less vigilant than the first quarter came drugstore. Its controls? A Maginot Line which Kerviel was played, and that his motive remains indecipherable is a poor excuse."A trader can not leave with the cash, 'explains Mr. Cordelle. Let. But why did we not informed, inviting him to greater scrutiny, the 2005 incident, which saw the apprentice trader Kerviel win 500 payday loan lenders.000 euros speculating as Allianz, then he did not have the right? Why does no one consults he never or almost Eliot software, which records all transactions (actual or fictitious) of his subordinate? Why is not the intended recipient of two letters from Eurex, the end of 2007, in which the German derivatives market to demand explanations on SocGen excessive operations implemented by Jerome Kerviel?

True, Mr.Cordelle gives the impression of having been "thrown into the lion's den," with Jerome Kerviel who has "been acting" with a real talent since "every time he explained something, it was credible . We want to believe it was lost in the maquis computer "- the formula is the president Pauthe – in which Mr. Kerviel, he, played as a fish in water.

"To find, we must seek"

But still, the Ecole Polytechnique has an easy to hide behind the situation – activity increase exponentially, inadequate staffing, etc … The fact is that it does not, in particular, read all the emails or bookkeeping, Perhaps it would put a flea in his ear. To him as to his superiors. Therefore the bank as a system, a system so sure of himself that he did not think to detect a free electron, which methodically undermined its own foundations."To find, we must look," says Mr. Cordelle, but this truism leaves the court on his hunger. For if one man could commit 50 billion euros without anyone noticing, jeopardizing a financial institution, its shareholders and its 150,000 employees, What were the controls? Why so many "N"?

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Pensions: Sarkozy ready to "developments"

No change in the short term. But the door remains ajar for two more months. Nicolas Sarkozy held a meeting this FRIDAY on pension reform in the presence of several ministers: Baroin (Budget), Georges Tron (Public Service) and Eric Woerth (Labour). Following this meeting, the President of the Republic has decided to send as is the bill (see the text in its entirety) to the Councils for review. No editing for now, is therefore proposed for this text which provides a gradual increase in the age of retirement until age 62 in 2018.

However, the executive says ready to developments on three issues dear to the CFDT: the situation of people who started working before age 18, taking into account the hardship and treatment of poly-pensioners (of persons covered by several pension plans).The special case of poly-pensioners had hitherto not been mentioned in the text of the reform presented Wednesday.

Nicolas Sarkozy has asked Eric Woerth offer him "at the latest before the start of parliamentary debate in September, possible developments on these topics.

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The CAC 40 should further advance

While the Paris index ended the session fifth consecutive increase, and finished with 3661 points on Tuesday night against 3330 points a week earlier, the CAC 40 does not seem to want to stop. To believe the future contracts on CAC 40, the benchmark index of the Paris market is expected to start Wednesday's session up strong, about 0.85%.

Early this morning the Nikkei is ironed beyond the 10,000 points, up over 2% as U.S. markets, which closed Tuesday night on a comfortable progression.

Around 7:30, the euro is changing the balance after his flight: he rated $ 1.23.Oil, he, trades at more than $ 77.

The large statistics of the day are American

In the euro area, 11 hours, the second estimate of inflation for the month of April will be unveiled.

In the U.S., housing starts, producer prices and industrial production for the month of May will be known between 14.30 and 15.15, before the opening of U.S. markets.Then, the traditional weekly crude inventories will be published.

Rodriguez's boss resigns after indictment

The specialist luxury yacht on Tuesday announced the resignation of its president, Alexander Rodriguez, indicted and jailed last week in a case of banditry, and substituting the group's founder, Gerard Rodriguez.

The scoring title, which had been suspended at the request of the company, will resume on Wednesday Wednesday.

Zodiac AerospaceLe group, whose sales fell 7.6% during the first nine months of its fiscal year, said receiving encouraging signs of restarting the aviation industry in the context of a more favorable exchange rates.The aerospace supplier confirms its annual targets.

In an interview with the Tribune, Zarrouati Olivier, CEO, says there is no plan to merge with another actor can French aviation capital and no operations are planned at this time with a group foreign

Distribution: showdown on judicial coffee pods Nestlé sued for infringing its competitor Sara Lee (Coffee House). According to information of Figaro, the casino dealer would also be covered by the complaint.Nestle, the world leader in food and owner of Nespresso, sued Friday in front of the Tribunal de Grande Instance of Paris the U.S. Sara Lee, which sells in France for use in coffee pods Nespresso machines under the brand Gold ( coffee house).

GDF Suez Tuesday, the group headed by Gerard Mestrallet did not hide his satisfaction at the announcement of the signing of a contract to build a gas power plant with a capacity of 1730 megawatts (MW) in Saudi Arabia . The operation is substantial. The future plant, which will be commissioned in late 2012, an output slightly above the EPR (1600 MW), for a price much lower: 2.1 billion dollars.But the first shipbuilder in the world, South Korea's Hyundai Heavy Industries (HHI) said Wednesday it signed a $ 1.6 billion to build a power plant in Saudi Arabia. The group said it would construct the power plant using gas from 1729 megawatts (MW) by 2012.

Suez Environment Group said Tuesday night that AA successfully placed a bond issue of 500 million euros over 12 years, due 2022 at a rate of 4.123%.

Sanofi Aventis French pharmaceutical group has signed an agreement to acquire Canadian independent group Canderm, a specialist in dermatology.This acquisition will allow Sanofi-Aventis to double its turnover in public health in Canada, according to a statement.

In addition, the company managed to obtain a refund of the medicine disorders dy heart rate, Multaq, 65%.

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Wall Street should take color

The U.S. stock market should resume a little high on Monday. The index futures are predicting a slightly higher opening of U.S. markets. The index futures Standard & Poor's 500 and Nasdaq 100 advance respectively from 0.20% to 1 185.80 points and 0.25% to 2003.80 points. Friday, Wall Street finished the week sharply down. The Dow Jones and Nasdaq had lost 1.42%, respectively and 2.02%.

Friday, financial stocks have been penalized by the judicial proceedings against Goldman Sachs. The action of the merchant bank has plunged nearly 10% Friday it swept away its main competitors.For his part, the technology sector has suffered from disappointing results of the McAfee antivirus editor (- 12.1%) and manufacturer of components for computer chips MEMC Electronic Materials (- 18.6%).

From the values listed today, Continental Airlines and United Airlines have announced their merger by exchange of shares. The two brands will be retained but the company will be the first on American soil with 21% against 20% of lines for Delta.

Most companies (62%) of the Standard & Poor's 500 have now published their results. And the ads businesses emerge well above expectations. Over 80% of companies have announced earnings per share higher than the consensus and 73% of sales above expectations.

This week and major publications are rare.Note, however, Pfizer will announce its quarterly accounts tomorrow, CBS and Time Warner on Wednesday, Kraft Foods and Sara Lee on Thursday and Friday FC Industry.

The eyes of investors will focus on the macroeconomic indicators. The ISM surveys today and Wednesday and those on the job Friday will be the leading indicators of the week. Today on Wall Street, investors will also monitor expenditures and household incomes in April construction spending in March and sales of automotive sector in April in the afternoon.

On the foreign exchange market, the euro lost some ground against the greenback, but morning but remained above the threshold of $ 1.32, despite concerns expressed by operators on the obstacles that may still arise before the bailout 110 billion euro budget of Greece.

The maintenance of low interest rates the Fed supports the CAC 40

After playing the "yo-yo" these last two, the CAC 40 continues to move closer to 4000 points. So much so that the index confirms its Paris flagship positive trend since the beginning of the year (0.46% Ed).

This is especially gradual return to the announcement of the Fed to keep "for a very long time" rates to very low levels, to continue soutenirla economic recovery. However, after climbing from 1.23% Tuesday, the progression of CAC 40 slows, the Paris index advancing 0.39% to 3954 points. The London Stock Exchange opened up, the Footsie-100 index rising 0.39% to 5642 points.

Deficit: 14 countries of the EU under scrutiny

Investors keep an eye on the report published by the European Commission on evaluation of efforts to reduce deficit of fourteen countries of the European Union, including France, the United Kingdom, Germany and Spain.The Director General of the International Monetary Fund, Dominique Strauss-Kahn, should also deliver a speech to Parliament.

However, the side of macroeconomic statistics, the day will be fairly quiet in France with a single indicator, the start-ups for the month of February, published by INSEE.

Across the Atlantic, are scheduled this afternoon, the producer price for the month of February and the weekly inventory of crude oil. Moreover, the Organization of Petroleum Exporting Countries is scheduled to meet Wednesday in Vienna.

Values follow

Atos Origin: According to a report in Le Figaro, the group covets a giant electronic payments be for sale by Royal Bank of Scotland No teletrek payday advance .Thierry Breton, CEO of Atos Origin has declined comment.

EADS: Nicolas Sarkozy and Angela Merkel expressed once again concerned about the conditions of the bidding for the tanker market in the Air Force and U.S. have called on the United States to resist the temptations protectionist

Mr Bricolage has announced an increase of 23.8% of its 2009 operating profit at 39,7 million with a turnover of 547.5 million (+6.2%). Net income, group share, in contrast to declining 36.1% to 21.4 million, while fiscal 2008 incorporated a capital gain of 14 million.

Stallerg?nes reported Tuesday an increase in its results, its dividend and its cash in 2009 and has said it expects an increase in its margins and its activity in 2010 thanks to falling costs of studies on the product Oralair desensitization.

JC Decaux: Rating agency Moody's raised its rating outlook to stable from negative cons before.

Publicis: Members of the Executive's advertising group gave up their bonuses for 2009. This decision relates to Maurice Levy, chairman of the group, and David Kenny, Jack Klues, Jean-Yves Naouri and Kevin Roberts.

Bourbon: The maritime services group announced Wednesday a net profit of 155.4 million euros in respect of 2009, against 224.4 million in 2008. It is therefore a decrease of 30.8% in 2009.

After market, Ingenico, Dassault Aviation and Hi-Media will publish their annual results, and GFI Informatique results for fourth quarter 2009.