My Opinions

On April 22, spreading the controversial Bahrain Grand Prix Formula 1, TF1 has a record two years old: one of the best audience for a broadcast on 14h race. More than 3.6 million fans attended the event, 23% audience share. A score due to the uncertainty surrounding the holding of the Grand Prix because of events in the paus, but also to third place in the beautiful young French Romain Grosjean, a newcomer on the circuit.

This renewed interest in the Hexagon for F1 did not spring from Sunday. It might even increase in coming months with the likely return of a Grand Prix de France in 2013, five years after the last edition at Magny-Cours (Nièvre). In any case this was confirmed Sunday Team Bernie Ecclestone, the head of the entity managing the marketing rights to the F1 (Formula One Management), explaining that an agreement was reached with the Minister David Douillet of Sports for the organization within two years of this event easy pay day loans. But while the circuit bourguignon was losing money, why give up such an event at a cost estimated at 30 million? "It's an opportunity to generate additional revenue for the local economy, details of Sponsorship Director Hervé Bodinier 360, a specialized agency of the F1. Moreover, all economic actors approached the site of Castellet pushed in the same direction. Finally, it is a wonderful showcase for France, land of constructors, and great nation of motorsport. With the arrival of French drivers in F1 and good audiences, that is a very positive dynamic. "  

Worldwide reputation

Prime Minister Fillon has strongly supported the project.

The AGIRA and auto insurance

Regarding auto insurance, the insured pricing depends in part on their history. To establish reliable statistics and national insurance companies IGAAS members can view and add the file containing the history of the insured.

With this file Official IGAAS allows insurance companies to know the situation prior to a safe future. It allows to identify fraudulent misrepresentation or non-payment.

Note: an insured in the file of AGIRA can access data concerning them. To do so they can go directly to IGAAS, or contact the insurance company having its registration process.

The missions of AGIRA

The AGIRA is responsible for managing the file listing the history of the insured on auto insurance. The association is also responsible for managing the Central Office Pricing (BCT). This body determines pricing may compel an insurance company to insure someone it would normally refused.

Finally, IGAAS is responsible for the Agency's Management Information. The latter is responsible for transmitting to an insured in an accident abroad contact the insurance company liable to the insured.

Reasons for inclusion in AGIRA

Generally, any significant event affecting the auto insurance policy the insured shall be grounds for registration in the file IGAAS. Thus, each claim, whatsoever, is grounds for inclusion in AGIRA (theft, damage, fault accident …).

Termination of auto insurance is also a pattern of registration. This termination can be either the fault of the insured that the insurance company.

The nature of information held by IGAAS

Three main information is held by IGAAS:

-The elements of the auto insurance policy,

-Information about the subscriber's auto insurance,

-Information on the vehicle involved in the auto insurance policy.

Namely: the information concerning termination of an auto insurance policy are kept for two years. In cases where the termination follows a disaster, this information is kept for five years.

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The Bourdonnec: "The butcher recruits … by Cadremploi

Yves-Marie Le Bourdonnec is the ambassador of charm of a sector that needs workers. The butcher in Paris is quite a vocation. 300 entrants in its various training centers for 100 outbound. While the sector would need, just in Paris, to recruit a thousand young.

Then the butcher star, one that snapped the magazine, is looking elsewhere. Among his collaborators? A criminologist, a former entertainer or an intermittent former marketing manager. This may be anecdotal, but the trend is there: the skilled crafts are attracting more and more graduates who had a priori nothing to do. Universities are creating pathways that guide to small business under the guise of entrepreneurship. And recruitment side, Yves-Marie Le Bourdonnec has his technique: he breakfasts. "We see how to eat a candidate if he is smart, he will be friendly with customers, he likes the food trade." And if he does not eat the fat of the steak? It will not pass the qualifications …

In short, crisis effect or impact Top Chef, become craftsman is no longer the symbol of a downgrade for the tray 3 and Bourdonnec has understood. He communicates as if it had launched a start-up and works his personal branding as a leader. The man knows how to talk to the media, but there's a reason. "When very young I started my business in Asnieres-sur-Seine, three days later, opened a butcher shop next door. To survive, I were to suggest something different. "

Then the butcher decided to settle in the landscape. Meat long matured, offset pictures in the shop, the butcher parts shown in Japanese, hanging meat as if it were exhibits in an art gallery. He recounts with relish the Russian client came to buy his steak as if it were the windows of jewelers

. Place Vendome

That's why the butcher, who just opened a second shop at 172 Avenue Victor Hugo in Paris, seduces. And we made a business of his storytelling that could serve many entrepreneur.

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Failing to generate enthusiasm, Nicolas Sarkozy's proposal to increase by 30% the rights to build at least have helped revive the debate. That the obstacles to build more and better in our country. On this point, they all agree: France is no shortage of building land and still can not build as much as its neighbors. Blockages that maintain higher prices. To take the problem at its root, several avenues are being considered.

The first, held by Nicolas Sarkozy, setting the density. Adopted on March 6, his bill should allow to build higher buildings and increase the surface of the houses. It is also necessary that councils do not object. "I am not satisfied that it is revolutionizing the market, says Rene Pallincourt, president of the Fnaim. It will be difficult to implement and will involve mainly the individual sector pavilion. The risk is that by increasing the building rights, the land price is moving upward rather than downward. "

To end regressive taxation on the land

For its part, the association Promotoit bringing together industrial specialists in roofing campaigns for these solutions to build under his roof. In a white paper published March 12, these professionals emphasize the value of the elevation of the dwellings. According to the study of the urban architect Michel Cantal-Dupart, it would be possible to build 466,000 square meters of rooftops in Paris focusing only 12 blocks and respecting the existing rules of the local plan (PLU) . In addition, fit out attics in houses represents a much larger potential yet.

However, densification has its limits. It is of little interest in peripheral areas and can be very expensive in urban areas. "We must abandon the dogma of the only densification to produce more land, said Jean-Philippe Bourgade, CEO of developer Bouwfonds Marignan Estate personal loans for bad credit. The raw material is there, it only remains to find the political will. "Ideas abound. "To increase land supply, avoid retention through new tax rules and open to urban land reserved for it in the PLU," said Marc Pigeon, president of the Federation of property developers. On taxation, most professionals agree to demand an end to the decreasing taxation on capital gains pushing the owners to keep their land as long as possible. The French Building Federation goes further by suggesting a progressive tax (0% the first year, 10% the second, etc..) Other widely discussed proposal: since there is little mayors "builders" poised to significantly increase supply land, why not manage the building permit or the PLU level inter?

As a major landowner, the state could also lead by example by making its land available. Nicolas Sarkozy and Francois Hollande suggested: the first considering a rental and the second one free availability. A final track is to densify the residential areas in redécoupant lands of private owners. A proposition advanced in the research project "Bimby" (Build in my backyard, Build in my garden). First practical application: a network of 'consulting division piecemeal "called Terra in Design, based in Paris, Lyon and Rouen. This service combines architectural skills, legal and financial resources to provide buyers and sellers of solutions division of land for new construction.

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Sony's new boss, Kazuo Hirai, did not wait long to make the painful cost reductions promised. According to Japanese newspaper Nikkei on Monday, the Japanese group will proceed in the year to the elimination of 10,000 jobs worldwide, which corresponds to 6% of its workforce. Sony has not confirmed this information for now.

The group fears a net annual loss of over $ 2 billion for the year ended March 31. In addition to the ill health of his division TVs, Sony has suffered, in 2011, the soaring yen, Japanese tsunami and flooding in Thailand. Hit hard by the crisis of 2008-2009, the electronics giant had already eliminated 16,000 jobs during this period.

In February, Kazuo Hirai had prepared the minds of a new wave of job cuts: the former head of Sony's games division, officially inducted Group CEO on April 1, announced that it would take "tough decisions involve layoffs, and reduce fixed costs in some areas, "to restore profitability.

Kazuo Hirai then spoke of the sales divisions of Sony in Japan, Europe and the United States and its supply chains. According to Japanese daily, half the job cuts announced should also result from divestitures. A few weeks ago, Sony had sanctioned the sale of its chemical activity, for the manufacture of LCDs, which employs nearly 3,000 people. The transfer should be effective in the last quarter 2012.

Marrying content and products

The disposal of these chemical activities is a first step in the restructuring of Sony. The group suffers from poor health of his TV division, which has grossed more than eight billion euros in losses over the past eight fiscal years. Kazuo Hirai himself has undertaken to restore the profitability of this division, undermined by the strong yen and fierce competition in two years.

Preferring to take advantage of lower prices of liquid crystal displays (LCD) rather than lose, the Japanese had already withdrawn from the joint venture owned with Samsung LCD, whose impact "on costs too heavy" had been singled out. Sony has no plans to abandon much of that product category. The television division is considered "critical" by Kazuo Hirai, who hopes to have it return to profit by reducing costs.

More generally, the new CEO of Sony account revive its brand by marrying more products and content. "The material leads to software to hardware and software," said he. A strategy that has already been implemented successfully in the video game division of Sony, Sony Computer Entertainment. In addition to manufacturing phones, tablets, game consoles, cameras and PCs, the Japanese group is indeed also a producer of content, through its film studios and music.

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Is this the end of the Eldorado Quebec? Federal Budget 2012 the country expects a cut in tax credits related to the fields of research and development so that the state could save 1.7 billion Canadian dollars (960 million). Primarily affected, the big video game companies like Ubisoft French, the British or the American Eidos Electronic Arts (EA) who massively shifted their best studios to take advantage of the generous policy of tax incentives in Quebec.

For several years, much of the so-called AAA games, video game equivalent of Hollywood blockbusters are produced in this province. The series of Mass Effect (EA), the recent Deus Ex: Human Revolution (Eidos) or future Assassin's Creed and Far Cry 3 3 (Ubisoft) are all stamped "Made in Canada". To attract this industry, Quebec has indeed set up a tantalizing tax credit that can reach 37.5% of the total wages paid by the company.

Unbeatable, and pay: a recent study shows that the number of jobs in the video game industry in Quebec has increased from 1,200 in 2002 to 8,000 in 2011, an increase of 564%. "If a few companies well established in Quebec managed to find an interesting progression, recent years have been especially marked by the arrival of new foreign multinationals," says the study TechnoCompétences. In France, the studio Quantic Dreams (Heavy Rain) and threatened to relocate its operations in Canada if the tax credit French video game, developed since 2008, is deleted by Brussels this year.

"Ireland or the United States become more attractive"

The 2012 federal budget could mess up this trend. If Quebec allows for the first time in its local businesses to benefit credit of 37 bad credit unsecured personal loans.5% on the cost of labor, in return, foreign companies are losing some of their benefits. The tax credit for research and development (R & D) increases from 20 to 15% on budget vote in Ottawa. As of 2014, will be excluded from the calculation of this device in hardware expenses. The share of wages from 65 to 55%, and the deduction of R & D done by subcontractors will go 100% to 80%.

"Since last week, invest in the creation of new video games cost more. Canada is one of most industrialized countries to invest in R & D is affordable, "said an analyst at PricewaterhouseCoopers Montreal Quebec newspaper La Presse. "The impact is negative and significant for all major video game publisher based in Montreal and Canada. Suddenly, countries like Ireland or the United States become more attractive, "he says.

French side, it puts the impact this decision could have on the domestic market. "This is still a very generous and much larger than what one can have in Europe," said Julien Le Figaro Villedieu, managing director of the National Union of video games (SNJV). In recent years, France has lost half its jobs in the sector, according to the State Secretariat for Foreign Trade. Number of French creative studio left to join Quebec where they can work on ambitious projects. For SNJV, the slowdown in Canada should allow a rebalancing of power relationships between the major producers of video games and Canada, which has for many years "a very powerful competitor, aggressive and confusing".

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The main corn producer associations announced Thursday it had filed an appeal before the Conseil d'Etat against the decree banning the cultivation of GM maize MON, taken in mid-March by the government.

The General Association of Corn Producers (AGPM), the French Union and the Federation of Inter-seed production of maize and sorghum are waiting to use this new invalidation and cancellation of the ministerial order, as was the case last November for the first arrested, they announced in a statement.

March 16, Bruno Le Maire Minister of Agriculture announced a "precautionary measure to temporarily suspend" the cultivation of Monsanto GM maize (MON810) to "protect the environment," saying the decision was made " due to the proximity of the seedlings. " 

The producers feel that the ban "is based on no scientific evidence seriously and corn growers affected by the borer and borer (insect pests of maize, Editor's note) suffer real economic damage."

2013 goal

They also challenge the "misuse or illegal, the precautionary principle has become an ideological principle of inaction."

In late November, the Council of State annulled, after a long legal marathon, the suspension of cultivation of GM maize from Monsanto taken by the French government in February 2008, following the Grenelle Environment & restoration because last September by the European Court of Justice in Luxembourg. 

On 20 February the government, yielding to pressure from environmental groups and public opinion, had asked once again to the European Commission to suspend the authorization of cultivation of GM maize MON810, on the basis of New scientific studies.

Producers who had considered at first to attack the text referred for the taking-off by mid-June, finally chose a hearing on the merits. "We are now planning the 2013 campaign, says the Figaro, Christopher Land, president of AGPM. Indeed, we want to take time to implement the system of coexistence with non-GM crops, which we had already demonstrated the feasibility in 2007. And as the government contribution e no new scientific fact to justify this second ban, we hope to achieve once again prevail. "

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If the timing of the IPO Facebook is still not known, investors are in turmoil. And gendarmes stock alert. The Securities and Exchange Commission (SEC), the authority of U.S. financial markets, has struck a major blow this week by denouncing irregularities in the market called "pre-IPO" or pre-IPO. She has filed suit Wednesday against SharesPost, a leading specialized platforms in exchange for shares of unlisted companies, like Facebook or Twitter. His main mistake "of having effected transactions in securities without being registered in advance with the regulators as a brokerage." Clearly, the operations were carried out in a strictly regulated market.

Finally, the SEC and the founder of SharesPost, Greg Brogger, reached an agreement. The company must pay a fine of $ 80,000, and its founder will pay $ 20,000 bonus. In addition, SharesPost acquired a brokerage, which allowed him to register with the Financial Industry Regulatory Authority (FINRA), another regulatory body. The SEC announced parallel lawsuits against two managers of private funds – Felix Investments and Free Facie Management Associates – "created solely to acquire shares of Facebook and other Silicon Valley companies, deceiving investors and pocketing commissions unspecified ". The managers of these two companies have sold securities to Facebook prices up to 66 dollars per share, nearly twice the rate at which they had got hold of it, denounces the regulator.  

Gamble "even for sophisticated investors"

"While we applaud innovation in financial markets, new platforms and new products must obey the laws and ensuring fairness and transparency are the basic mark of a good financial regulation", argued a officials of the SEC, Robert Khuzami, said in a statement totally free credit score. This is a very sensitive issue because Facebook is trading on a gray market with a valuation of nearly $ 98 billion! However, in the first approach, the experts were hoping for a stock of Figaro valuation of approximately $ 75 billion. Finally, it should rather be on the order of $ 100 billion, they say.

The issue of pre-IPO market is considerable, at a time when the SEC ensures restore investor confidence. "When you do not trust your neighbors are happy to see that there are police on the streets," said Max Wolff, in charge of research on the secondary market at GreenCrest Capital in New York, in the columns World. SharesPost and SecondMarket platforms are best known on the secondary market. A market that has allowed tens of thousands of wealthy investors to take their share of companies very popular, as were also Zynga or Groupon before their IPO. Caution, however, not to lose feathers, warns Marc Fagel, director of the SEC office in San Francisco, said in the statement: "This secondary market (…) is dangerous even for sophisticated investors."

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Antoine Frérot, CEO of Veolia, has again scored points in the guerrilla who opposes Proglio, former CEO of the environment and current president of EDF. Thursday, the Board of Directors of Veolia was held in the absence of Proglio. The meeting, which took place in calm, devoted to a marked shift in the balance of power between the two men at the expense of Proglio, and in favor of Mr. Frérot.

Esther Koplowitz and Jean-Francois Dehecq, two directors of Proglio relatives, should leave the Board in effect at the expiration of their term at the general meeting on May 16, 2012. The banker at Lazard, George Ralli, hitherto independent director and be close to Proglio, will he, the representative of Groupama, in place of Jean Azema, arrived five months ago the management of the mutual insurer .  

"Engendering the board"

Finally, Serge Michel, the fourth director whose term will soon expire, is the only one to be renewed as it is. 85 years old and named, like all other board members when Proglio was CEO of Veolia, this connoisseur of Veolia always follows the group and its executives very closely.

Antoine Frérot wanted, according to a close, "feminize the board and introduce other adminirtrateurs present and ready to engage in the conduct of Veolia Environnement." Two women, Maryse Aulagnon, founding president of the Affine group, specializing in commercial real estate, and Nathalie Rachou, manager of Topiary Finance, should come to the board at the general meeting, as well as the general manager of the automotive Valeo, Jacques Aschenbroich quick payday loan. Finally, Augustin de Romanet, who recently retired head of the Deposit, Veolia's largest shareholder with 9.2% stake, will be replaced by chief financial officer of the public group, Olivier Mareuse.

Of seventeen directors, only three or four belong, after the meeting, the clan of personalities hostile to Mr. Frérot. The risk of a challenge after the elections, the leadership of this group which the State is not a shareholder, seems to go away.

In February, Proglio had sought to evict his ex-Dolphin Executive Officer of Veolia. He had found the boards of other voices to challenge the implementation of the recovery plan of the group. But the prospect of arrival of former Minister of Ecology Jean-Louis Borloo, opportunely announced in early March, killed the project in the bud. Better, Mr. Frérot then received its directors affirmed its support radical strategy, focused on an overall cost reduction, debt and group activities to local services. Although some have yet to see "how the restructuring is taking place," investors and financial analysts have welcomed the decision of the board. The stock has gained 1.08% Thursday. Worst performance of the CAC 40 in 2011, he returned 43% since January 1. What, again, release the pressure on the group.

As promised, the euro zone countries have begun to unlock financial support for Greece. After the agreement between Athens and its creditors to reduce debt, the euro area has decided to provide 35 billion euros in the country. This represents the first installment of a loan of EUR 130 billion planned in exchange for his efforts. Agreement on the remaining amount, or 94.5 billion, should be reached next week, said the German finance minister Wolfgang Schäuble.

Most of the 35.5 billion euros will be released on Friday allocated to banks. Indeed, this is to compensate the fact that they can not file for Greek debt to the European Central Bank in exchange for cash, the country is bankrupt organized.  

A "partial default" by Fitch

The rating agency Fitch has also been the first to react to the agreement to reduce Greece's debt, lowering the grade of C in the country "partial default" ("restricted default", in financial language). "The debt swap is a credit event," the agency said. A decision is also justified by the choice of Athens to enable collective action clauses (CAC). Clearly, the creditors objected to the debt reduction will be forced to participate in the operation.

Losses for banks represent almost 74% of the amounts of Greek debt they hold, Fitch added. The agency will climb the rating of Greece when the operation is complete: technically speaking, the country will no longer be in default.

Another of the three major agencies, Standard and Poor's (SP), adopted a similar position in late February. She had placed the note in "selective default" or "SD" (selective default), against "CC" before, indicating that it planned to raise the CCC once fully by the exchange. As for Moody's, which has no corresponding note in default, it lowered the rating on March 2 from Greece to "C" against "Ca" to date.

"We are not out of the woods"

"We are not out of the woods, but we have taken an important step," said Wolfgang Schäuble about the successful exchange of debt. He said he was "confident" of obtaining a financial recovery and the Greek economy, "by following this path." He assured that there was "no shadow of a danger" that the Greek, with a call for private creditors, is repeated elsewhere in the eurozone.  

Some economists believe that Greece will receive a third bailout in 2015 and that debt will always be 120% of Greek GDP in 2020. An amount deemed unsustainable.

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