Voted in 2003, the modernization plan, however, elevator provides that after three deadlines (2010, 2013 and 2018), all units of residential housing and office buildings should be standard.But, faced with the often high cost of work (between 5000 and 10,000 euros per lift for the first phase and up to 30,000 euros on average for work completed before July 2013), some owners are slow to meetings of the vote easy payday loans.

The delays are such that "15% to 20% of lifts (especially condominiums)," which should have been subject to new safety standards by the end of 2010, have not yet been upgraded, according to Fiebca. "The situation is very worrying, warns Herve Lasseigne, accident, this may have consequences in terms of civil liability or criminal, for condominium corporations," he says.

The upgrades are not a guarantee of safety. The many renovated elevators are dangerous because "treatments are often incomplete."

"The PMI data are currently consistent with a negative growth rate (of about -0.5 or -0.6%) for the third quarter," that is the beginning of a recession, worries Jack Kennedy, economist at Markit. The French government, which still formally table a growth of 1.75% in 2012, suggested Friday that it has revised downwards this goal.

The contraction in activity has particularly affected the service sector. He has recorded its sharpest fall for 27 months, 46 points, against 51.5 in September. The industry is not much better.Despite a slight improvement, she underwent her third consecutive month of decline, to 49 points against 48.2 the previous month.

"The impact of European debt crisis may be felt on the real economy," says Jack Kennedy. Markit Economics and recorded "a further decline in confidence in the services sector." "The growing uncertainty surrounding the evolution of the economy leads in fact companies to revise downward its business prospects to twelve months, the optimism of the service providers also display its lowest level since April 2009" , notes the Institute for Financial Studies.

Very little sign of hope for a quick turnaround the economy, companies have seen a decline in the volume of new business, "the highest in almost two years," notes Markit Economics.Especially in services, providers are concerned about "the largest decline in new contracts since July 2009." In industry, the decline in sales is that alarm. A trend in both export and domestic market.

Slowdown in Germany

The slowdown in activity is not only France, but also German industry. For the first time in two years, the PMI for the sector fell to 48.9 points in October, against 50.3 in September. Unlike the Hexagon, however, services are able to climb out of the area's 50 points marked a growth in sales, to 52.1 points, 49.7 points against the previous month.Overall, notes Tim Moore, economist at Markit, "uncertainty about the euro area largely explain, according to the companies, investment reports and cuts in non-essential spending."

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The system set up involves monitoring remote computer. But not to frighten the people involved, the main unit is television, connected to the Internet. "The equipment costs about 6,000 euros full, two months' rent in a nursing home," said Philip Bell, general manager of Toshiba-Cebea, a subsidiary of Toshiba dedicated services.This includes television and home automation equipment, including a smoke detector, a wristband alarm in case of fall and appliances suitable for pathology (blood pressure, diabetes control …). Then, the service costs 200 euros per month, including Internet access.

"This allows medical personnel to perform remote controls, but also the patient to easily get in touch with family members through a videoconferencing system on the TV," said Philip Bell. Medical staff and the senior may also contact by mail, through an electronic pen. Just write on a single sheet, the text is automatically entered and the e-mail sent when the pen is rested on its base free business cards. Forms to the attention of nurses and doctors have also been developed: just check the right boxes with the electronic pen and they are added to the medical record.It also allows for monitoring of medication, food … "We found that health staff was not comfortable with a keyboard, where the idea of ​​electronic pen, said Philip Bell . We are also working to develop a speech recognition system. "

Recurring revenues

For Toshiba, the objective is to develop this service at the national level but also in other countries. Japan pays attention to the experience of Alsace. Beyond the societal issues related to aging, a new economic model that is emerging. This type of service should allow the manufacturer to generate recurring revenue through subscriptions.

"The rise of the TV connected through the development of local services," added Philippe Delahaye.Most TVs sold today by Toshiba can be connected to the Internet, or consumers do not always use this function. By bringing seniors to the technology, Toshiba is not only the population but also those around them: Health care workers, children and grandchildren.

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The foreign sales amounted to 34.76 billion euros, up from just 100 million euros a month. "The strong sales of intermediate goods and automotive (…) is in fact largely offset by significant declines in aeronautics (sales and production programs for Airbus)," note Customs. The Airbus sales were $ 1.18 billion in July, after 2 billion in June. These figures are very volatile and depend on the delivery of the industry.In terms of client countries, exports to the EU declined, but remain dynamic to America no teletrek payday advance. They pack down to Asia and the Middle East.

Imports have increased their share of over one billion euros in July, reaching 41.22 billion euros. Much of this figure is driven by purchases of oil and gas products, that is to say the energy bill. But "a return to the trend of supply aircraft (Airbus program)" boosted purchases of transportation equipment, within Customs. A trend that explains the same time heavy imports from Germany, rebound largely due to imports of parts for Airbus. This is accompanied, however, "an increase in purchasing automobiles, chemicals and industrial machinery, 'the Customs.

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Warren Buffett acquires 50,000 preferred shares with an annual cumulative dividend of 6%. The bank may redeem the securities when she wants by paying a 5% premium to the investor. Warren Buffett will purchase warrants to purchase also 700 million shares BofA to just over 7.14 dollars each. The warrants will be exercisable at any time over a period of ten years.

The billionaire has named the CEO of BofA, Brian Moynihan, this weekend. The deal was sealed a few days."Bank of America is a solid, well managed," says Warren Buffett in a statement. He said he was "impressed" by the capabilities of the bank "to generate profits" and "how [the leaders] are acting aggressively to overcome their problems."

The stock has lost half its value since January

Warren Buffett's intervention was welcomed in the markets: the title soared 25% at the opening of Wall Street. It concludes with an increase of 9.44% to 7.69 dollars while the Dow Jones ended down sharply from 1.51%. It must be said that the title was a particularly difficult month of August, falling to 35%. Since mid-January, the stock has lost half its value.

The situation of the bank, which reported a record loss of $ 8.8 billion in the second quarter, investors worried indeed.BofA is weighed down by deteriorating U.S. housing market but also by the problems inherited from its mortgage subsidiary, Countrywide Financial. It has pledged $ 8.5 billion to investors who lost big at the height of the crisis because of its risky financial products they sold.

Analysts estimated so that the bank would soon need a capital increase, the amount could reach $ 50 billion by some estimates. But CEO Brian Moynihan denies again the rumors: "I remain confident in the fact that we have capital and liquidity to our operations, says in a statement he issued Thursday.I recognize along with a significant investment from Warren Buffett is a strong support to our vision and our strategy. "

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In the wake of the Asian stock markets, down sharply this morning, the benchmark index in Paris has started his week on a further decline (-0.74%), but avoid the dreaded crash in the markets.After a brief stint in the green, he never stopped to dig its losses since mid-day. Around 16:30, while Wall Street sinks into the red, the Cac 40 falling 4.14% to 3142.99 points, its lowest level since July 2009. The nervousness and volatility are the watchwords of the meeting. It has traded more than 4.2 billion euros on the CAC to 16.30.

Even renewed concern elsewhere in Europe. In Frankfurt, the Dax and retreated more than 4%. Less for London where the FTSE 100 lost more than 3%. The Swiss stock exchange plunges 3.19% to 5007.18 points. The Milan Stock Exchange falling more than 2.5% in the wake of Wall Street

Relaxation rates in Spain and Italy

Yesterday, Angela Merkel and Nicolas Sarkozy reiterated their determination to ensure that the bailout of Greece on 21 July be adopted before the end of September.They also praised the efforts of Spain and especially those of Italy, two weak links in the euro area at present. Indeed, Rome has advanced by one year (from 2014 to 2013) the goal of return to balance its accounts. In addition, the European Central Bank (ECB) said it would implement "active" its buyback program obligations. This measure, taken and announced last week by Jean-Claude Trichet, president of the institution, had absolutely convinced investors. On the contrary … But this morning, the Italian and Spanish bond yields relaxed, investors are more confident in an intervention by the ECB on the secondary bond market in both countries. Rates in ten years Spanish and Italian are ironed on Monday under 6%.Relaxation is expected to continue, while the French Minister of Economy and Finance Baroin confirmed on Europe 1 that the ECB was ready to buy the Spanish and European debt, if investors withdrew.

American borrowing rates have, in turn, not move, indicating that the debt of the world's largest economy remains an attractive investment, against the loss of the triple A of the United States.

Next on the list?

However, uncertainty should remain in force on the European markets at the beginning of the week. The decision of Standard & Poor's in the United States continues to claim haunt the minds of the markets, despite a weekend to "digest" the news.Now that the world's largest economy, long considered one of the most reliable borrowers, is not as well marked, which could consider itself safe from degradation? In France, this concern should be limited, however, the chief economist for Europe, Standard & Poor's Jean-Michel Six, who said Saturday that the agency maintained the "AAA" of France, in a stable outlook.

The announcement of the ECB on repurchase of bonds was initially supported the euro against the dollar. At 7 o'clock this morning, the euro was worth 1.4321 dollars, against 1.4281 dollars on Friday night, after the dollar rose to 1.4370 on Sunday night.The European currency is, however, decreasing again around noon to 1.4268 dollar.

But above all concerns macroeconomic benefit to gold, which recorded a new record Monday on the market in Hong Kong, dying for the first time the maximum 1700 dollars an ounce, and benefiting fully from his safe haven status.

The sharp drop in oil

Instead, the side of the oil, oil prices continued to tumble on Monday. Result of numerous concerns about a possible global recession, prices show a sharp decline. To 13 hours, a barrel of "light sweet crude 'lost 3.64% to 83.67 dollars.

Finally, the political mobilization should remain in force throughout the day, and guide the trend in European markets as U.S.. For the side of the macroeconomic data, the news will remain low in the first day of the week.Unlike last week, no statistics across the Atlantic will not give further details Monday about the health of the U.S. economy or the risk of a possible recession in the country. In France alone were expected business surveys of the Banque de France, unveiled on Monday its growth forecast for the third quarter. For the period, the institution expects an increase of 0.2% of French GDP, the same pace as in the previous quarter.

As for values ​​to follow, business publications are scarce this week.

Battered last week after interim results affected by exposure in Greece, banking stocks were offered a nice rally this morning before falling unevenly mid-term.BNP Paribas wins again in mid-session, 1.01%, to 41.025 euros, but Credit Agricole (- 0.27% to 7.14 euros) and Societe Generale (-2.95% to 26.625 euros ) drop out. For its part, Axa sells 1.13% to 11.425 euros. The insurer CNP Assurances is however still 3.02%, to 12.265 euros, the head of the SBF 120 index increases by mid-day.

Peugeot (-7.45% to 20.745 euros) and Renault (-6.95% to 29.125 euros) recorded both the largest declines the CAC 40. The two automakers are penalized by the broker Morgan Stanley lowered its price target on the two values. Alcatel-Lucent also drop 6.66% to 2.298 euros. Technip meanwhile lost 5.97% to 58.71 euros.

The manufacturer Archos tablet that will detail its annual accounts after market, accounts 4.77% to 8.35 euros this morning before falling heavily to 6.78% to 7.43 euros.

Carmat (5.56% to 98.70 euros).The total artificial heart specialist said on Sunday evening the success of its capital increase launched from July 13 to 29. The former subsidiary of EADS has raised 29.3 million euros, which will fund the first clinical trials on humans.

GDF Suez (0.73% to 20.56 euros). The group of energy and services has sealed, according to Les Echos, a strategic Partenaris with the Chinese sovereign wealth fund CIC, which would lead to an acquisition of a 30% interest in the exploration and production arm of French.

Specialist catering Sodexo (-1.84% to 49.075 euros) announced that it has won a contract worth 766 million dollars (535 million) to provide the basics of feeding twenty Marines, the United States.

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"There is clearly more interesting now than to relocate whole or in part," says Jean-Luc Fonteneau, a partner in the consulting firm Diagma logistics. "But do not mistake: these factors on their own are not sufficient to stimulate a significant movement of relocations. For now, our customers are content to talk about it.The cost differential is still largely in favor of Asia, "said he.

Geneviève Lethu, Rossignol, Decathlon or Meccano, who chose to relocate all or part of their production in recent years, rather then make an exception. Geneviève Lethu for example, production costs remain two to three times higher in France than in Southeast Asia, says Edmond Kassapian, its CEO. The company has nevertheless chosen to relocation, mainly to improve the quality of its products.

In this context, the rise in commodity prices and wage inflation in recent months weigh little. "In textiles, for example, transportation is only 5% to 10% of the production cost of an item.As for wage increases, even if the percentages are impressive, they represent less than 3% of payroll French, "Jean-Luc Fonteneau calculated. Some companies also try to compensate by shifting their production to Vietnam …, the consultant observed.

Automation

The figures confirm this analysis. According to a recent study by two economists at the University of Poitiers, Liliane Bonnal Olivier Bouba-Olga and the relocations to France remain marginal effect cash advance today. Based on data reported by the Centre for Investment in 2008 and 2009, economists have identified all the operations of investment and divestment activity in France. Relocations represent only 0.3% of these operations, 24 cases in two years.In total, they recorded a relocation to six relocations, and a job created for 30 jobs lost because of offshoring. "Only 500 jobs were created in two years because of relocations," says Olivier Bouba-Olga.

Because they "do not result in any case not by major job creation," said El Mouhoub Mouhoud, an economist at Paris Dauphine University and author of "Globalization and offshoring of business" by Editions la Découverte. In most cases, they are indeed driven by companies that have chosen to automate their production. "So that the jobs lost in Southeast Asia and elsewhere are almost never compensated in France," the judge economist.

The marginal nature of the relocation is also reflected in the lack of excitement generated by government schemes to encourage them."The tax credit for relocating business established in 2007 has hardly ever been used," says El Mouhoub Mouhoud. As for the relocation bonus, with a budget of 200 million euros and announced with great fanfare in the aftermath of the States General of Industry, it is simply more. "The premium has been recast in within a broader, that of using the re-industrialization," says one to the Ministry of Industry. The latter has only 20 million euros. If "the world's factory" that is China is losing some ground, France did for the moment that gets a few scraps.

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Are expected at the White House to 17 hours (French time) John Boehner, Republican leader of the House of Representatives, Harry Reid, the chairman of the Democratic majority in the Senate, Mitch McConnell, the leader of Republican senators and Nancy Pelosi, head of the Democratic minority in the House, all four urgently summoned by the president.

Obama too demanding

That night, the U.S. has escalated in the power struggle between elected Republicans and Democrats. Having failed to reach an agreement with Barack Obama, Republican John Boehner, slammed the door to negotiations with the president.

At issue this time, according to Boehner: will the Democratic president to push through $ 400 billion of additional tax increases. A demand unacceptable, according to Boehner, while the two sides had previously agreed to a ceiling of one trillion dollars in additional tax revenue.This Saturday, the threat of a default by August 2 of the world's largest economy has thus further increased.

Of default formally excluded

The President has convened a number of political leaders to an emergency meeting Saturday afternoon at the White House to try yet again to reach compromise. Both sides say they are confident of raising the debt ceiling (14.294 billion U.S. dollars), reached on May 16, but whether common ground had been reached on the amount of the uncapping. Barack Obama and John Boehner have ruled out a formal non-payment within 10 days.

But the talks still face the question of the amount of budget cuts and debt reduction.Republican side, John Boehner said that after the new clash, he preferred to look to the leaders of the Senate to find a "reasonable" on these issues. Which casts a big doubt about the outcome of negotiations Saturday with the president, which is called Boehner. Democratic side, Barack Obama is prepared to assume full political responsibility to raise the debt ceiling in order to unlock at least for a time, the status quo. "If that's all Congress can do, I will sign an increase in the ceiling to take us to 2013," the president said.

Obama recalled that he had proposed to the Republican's $ 1.65 trillion spending cuts various offers an "extraordinarily fair" said the president.But still not enough for John Boehner, who accuses the president's inability to take "tough decisions" on reducing public spending. Boehmer wishes to bring to the 3 trillion budget savings over 10 years.

Ds critical deadlines

The time to find common ground is critical. The readiness of Barack Obama to convene a further meeting this Saturday is a sign that the U.S. president does not want to wait until the deadline of August 2 to reach an agreement. "We have more time in front of us," he said.

Recalling that Wall Street opened Monday, the president pointed to the impact on financial markets of such uncertainty. "Americans are outraged" by the inability of Congress to act, he said.This willingness to find a solution is also shared by the Republican camp, in which counsel highlighted the urgency of an agreement by Monday. What then leave both parties ten days to write a non-redundant legislation and get it validated by Congress.

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Strongly contested by the opposition and discussed in the majority, sending checks every year to the wealthiest taxpayers had come to interfere with government. In 2010, a total of 678 million euros that the state has returned to the beneficiaries of this measure, a figure slightly higher than in 2009 (EUR 586 million). Especially, like last year, is only a small fraction of some 592,000 taxpayers subject to the ISF who earned the largest amounts recovered.If the amount of average check totaled 40,908 euros, the richest 7% received 60% of the amount paid, or 381,000 euros on average.

To the dismay of Socialist deputies, the government's plan, however, does not remove the tax shield that from 2012 on taxes paid on income in 2011. According to the deputy PS Jerome Cahuzac, the measure should thus continue to cost the public finances 550 million Euros in 2012 and 200 million in 2013.

Relief ISF

The elimination of this symbolic mandate Nicolas Sarkozy also fits into the context of a broader reform of the taxation of wealth, the members approved each measure in recent days. To parliamentarians, the Minister of Budget, Baroin, endeavored to describe the philosophy of combining text as "social justice" (the end of the tax shield) and "tax justice" (relief ISF)."The government is a simple reform, fair and balanced" has said repeatedly this week Baroin.

On Friday, the parliamentarians approved a reform of the solidarity tax on wealth (ISF), which raises € 800,000 to 1.3 million euros threshold of assets at which a taxpayer is taxable to the ISF. Approximately 300,000 people should therefore be exempt from this tax next year. The current rate also eased: below three million, the tax rate increased from 0.55% to 0.25% when it is lowered to 0.5% instead of 1.8 % above. Overall, 250,000 taxpayers should therefore pay less. This reform will result in a revenue decline of 1.8 billion euros.

A shortfall that is projected by the government, be offset by the elimination of the tax shield, the higher taxes on gifts and estates, and the new tax on second homes of strangers, sitting on their rental value. In total, the projected deficit for 2011 however, increases of 596 million euros, 460 million due to payments associated with the Taiwan frigates affair. Remain a little over 130 million bridge to return to the original projected deficit. Baroin promised by the end of the year new savings measures to achieve this.

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On 6 June that the ruling coalition in Berlin to present its draft law on the date of the release of nuclear energy. The Ethics Commission was commissioned by the Chancellor gave his opinion: Germany should abandon nuclear power within ten years.A position to resume its behalf by the head of the Bavarian Christian Democrats, allies of the CDU Angela Merkel, during long and tough negotiations this weekend, amid new anti-nuclear demonstration.

Threat of blackout

Is that the pro-nuclear industry in mind, threatening the country with a blackout or an exorbitant cost in case of renunciation too fast for nuclear power plants. Energy-intensive factories will be in trouble, warns the Association of Industrial Energy. According to Bild, the government expects an output cost of an atom of 16 billion euros by 2015, while the overall figure of 40 billion euro circulates in the CDU documents cited by the Süddeutsche Zeitung .

In Italy, Silvio Berlusconi's government, which provided early in the year to revive the nuclear arrested in 1987, has also backtracked.He earned the confidence last Tuesday in Parliament on a gel for a year or two atomic projects.

In France, where nuclear has provided in 2010 about 74% of electricity, its place in the energy mix should be widely debated during the presidential campaign. In this context, the Government has entrusted to the Court of Auditors an audit on the cost of nuclear power, future decommissioning, waste management and additional costs of security including post-Fukushima.The Prime Minister asked to "gather the relevant questions of economists as associations of environmental protection, but they denounce expertise not pluralistic.

Completely new, reflecting the effect Fukushima in the country's most nuclear-armed world, the Directorate General for Energy and Climate (DGEC) asked its experts to calculate the impact on the electricity bill and releases CO2 down 5% from nuclear. Response in September.

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