International & World Report

1.1 million people are now receiving personalized Autonomy Allowance (APA). This figure gives an idea of the number of elderly dependents currently in France, knowing that all or most currently receive this state aid. To facilitate this transition to an often grueling medical management, the Hospital Federation of France (FHF) was launched in early July, a site whose purpose is to brush this rocky road administration and finance.

"We made the observation that there was no comprehensive information on the care of dependent persons, the diagnosis of dependence on the choice of suitable retirement home," says one hospital to the Federation France.To fill this gap has been launched in early July retraite.fr-houses (not to be confused with home-from-retraite.fr), which includes a multitude of basic information for relatives: a guide for assessing the frail elderly, the coordinates of organizations to contact, a directory of nursing homes classified by criteria, advice for making the administrative processes and be supported financially … Useful information if we know that the average cost of investing in retirement homes reached € 2,200 per month in 2009, according to a barometer carried out by TNS Sofres. A sum that 76% of French people declared so they can not afford.

Qualitative criteria

The directory of retirement homes also facilitates the search for a facility nearby, through a system of records updated regularly paydayloans. Each sheet contains qualitative information on the nursing home concerned. In addition to practical information (address, price) are shown including the number of patients per carer – as a guide, only a ratio of 0.6 health workers per resident is regarded as representing a framework of quality – the degree of dependency supported, comfort criteria, the presence or absence of a psychiatrist or a therapist ….It is even possible to select only those institutions that have spaces available immediately.

Two caveats, however: the book contains only the first public nursing homes, which currently represent 60% of French institutions, among the most medicalised. Then there is still no official criteria for certifying the quality of a retirement home, and who would perform in the rankings. "These indicators are being developed," says Hospital Federation of France. An urgent given the increasing numbers of elderly and dependent. While more than 75 years represent 8.8% of the population today, that proportion should rise to 15% in 2015.

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The availing process of payday loans no faxing is very simple and convenient as compared to other regular loans.

The case Goldman Sachs has taken the weekend of 24 and 25 April, a new political era with the publication by the U.S. Senate emails embarrassing for the bank, accused of having enriched in 2007 by betting on reduction of financial products that the bank had itself sometimes sold to its customers.

Larry Summers, the Obama economic adviser, declined Sunday to comment on the case Goldman Sachs, except to state: "This highlights what is at the heart of the president's vision (in the reform of finance) : the importance of transparency. "

Shocked that unpacking before the opening of public hearings Monday in Congress, Goldman Sachs categorically denies having violated the law.It maintains its role as an intermediary to serve institutional clients with differing views on the trend of the real estate market forced her to speculate for a fall on some securities to cover its risks also taken on other positions.

If they prove nothing of fraudulent e-mails made public Saturday by the Senate show that the bank on Wall Street reveled during the crisis, earn so much money, thanks to its derivatives betting on the fall of subprime housing market, while its own customers – including European banks – in poorer inverse operations.

"We will make a big pile of money!"

In July 2007, David Viniar, chief financial officer of Goldman Sachs, learning that the bank had already won $ 51 million by betting on falling subprime reacted in an email: "It gives an idea of what might happen to those who not a big short position in low fee pay day loans. "

In October 2007, while the housing market plunge, a trader from the bank sent an email to his colleague: "It seems we will make a big pile of money!" The answer: "Yes, we are well positioned … In 2007, the bank led by Lloyd Blankfein has achieved record profits of 11.6 billion dollars that enabled him to pocket a bonus record of $ 67.9 million.During the same period, rival banks, including Morgan Stanley, suffered massive devaluation of their assets.

On Monday, Lloyd Blankfein and six of his colleagues were summoned to explain himself before the Senate subcommittee charged with investigating the financial crisis. Among them, Fabrice Tourre, a French 31 years, accused of fraud by the SEC, the gendarme of the U.S. financial markets. There is theoretically no link between the two surveys. But they are on the same subject: conflicts of interest of Goldman Sachs derivatives markets of mortgages.An email signed by Fabrice Tourre in 2007 shows his pessimism about the products he elaborated: "This market is completely dead and the poor little subprime borrowers will not be long." Fabrice Tourre will even be compared to Frankenstein for creating products that will turn against their owners, by precipitating the collapse of the U.S. housing bubble and the global financial crisis.

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Toyota Recalls endless. It will now add to the list the Lexus GX 460. Having announced Thursday the suspension of sales in the world of this luxury car, the Japanese automaker said in a statement, he will remember 9400 Lexus GX 460. A figure well above the 6,000 vehicles announced by the U.S. Department of Transportation.

Toyota wants and "update program" in the system Dynamic Stability Control (VSC) of vehicles. "Our engineers have conducted tests to confirm the problems associated with VSC, raised by Consumer Reports (the magazine that criticized the reliability of the Lexus GX 460 in the turns, Ed).We are confident that this update will resolve this matter, "said Steve St.Angelo, responsible for the quality of Toyota in the U.S..

Toyota said that all Lexus dealers will have the VSC software by the end of April.

The announcement comes as Toyota has agreed to release another record fine of $ 16.4 million imposed by the Securities and Exchange Commission (SEC), the "policeman of the Exchange» U.S. for its slow to reveal the existence of technical defects.

To date, Toyota has recalled more than 9 million cars worldwide because of brake problems or accelerator, including 6 million in the United States.

At the New York Stock Exchange, Toyota lost 0.39% to 79.06 dollars in a market up 0.68% at 11,094 points.

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Atypical in French capitalism, Jacques de Chateauvieux is embarking on an unprecedented operation to a contractor of the Hexagon: IPO for a Chinese company on the Shanghai market. It includes a case rate the shipyards Sinopacific Shipbuilding, a small empire that makes $ 1.8 billion in sales and whose Jaccar, the personal holding company of Jacques de Chateauvieux holds 23.5% stake.

The public offerings of the company is in the pipeline since 2007 but it met with halting introductions imposed by Chinese authorities in the wake of the global financial crisis. Today, markets are reopened. And according to our information, Sinopacific just dropped his record updated in light of its 2009 accounts, the office of Constable of the Shanghai Stock Exchange.Objective: To be listed this year 2010.

Specifically, the transaction, advised by the Chinese bank Citic, will consist of a capital increase of around 15% to 18% of the capital. It would show a valuation of about $ 1.5 billion. Not bad for a company born in 2003, only the combination of Jacques de Chateauvieux and Simon Liang, a Chinese married to a French speaking, who was educated in France and the United States. The two men met when first proposed to sell in the supermarkets of the second Vietnamese – sold for an activity – the firs … plastic.

53 boats in one year

In 2003, the two entrepreneurs are going into the adventure by buying a naval shipyard privatization in Zhejiang province, then by taking another auction facility, in bankruptcy, in Jiangsu.The addition of the two sites account for the time employees and 1 500 pound … 3 boats a year. Eight years later, Sinopacific advanced to fifth place in the Chinese shipbuilding private and delivers two types of products: large commercial vessels, including bulk shipping, and smaller specialized boats in the offshore (gas, bitumen , …). 53 buildings are out of his workshops last year.

The explosive growth of Sinopia due to several factors. It is obviously correlated with that of China. Shareholders Sinopia also significantly expanded its capabilities.

Finally, Chinese shipyards have found a regular customer to the other great asset of Jacques de Chateauvieux, the Bourbon Group, which owns a quarter Jaccar capital. The world's leading specialist marine services, especially the oil companies, is leading a fleet of 369 ships.Last year, it accounted for a quarter of the order book Sinopia.

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Riding the wave of recovery in China, Australia offered a further rise in borrowing costs to prevent a resurgence of inflation. The Reserve Bank of Australia (RBA) raised on Tuesday, its main interest rate a quarter point to 4.25%. This is the fifth increase since October. The higher rate, which surprised the market did bounce the Australian dollar to 0.92 U.S. dollar. The Sydney Stock Exchange reached its highest eighteen months of sitting.

Heavily dependent on commodities, the Australian economy is recovering faster than other OECD economies, thanks to strong demand from Asia, notably China faxless cash advance. In 2009, growth was 3%, while the unemployment rate remained at 5.3% of the workforce. But since the beginning of the year, inflation topped 2%.

The stimulus Chinese 450 billion euros to full advantage to Australian orders, even if the exchange rate weighs on exports. Experts expect interest rates between 5% and 5.25% at the end of the year, which explains the attraction for the Australian currency.

The crisis in the eurozone, triggered by the financial woes of Greece, does not discourage candidates for membership. Instead, the accelerated deadlines. Next on the list, Estonia – a member of the European Union since 2004, like its Baltic neighbors – has become in January the 17th state to adopt the single currency when it emerges just one of the worst recessions its history. The small Baltic state announced Friday a fiscal deficit and public debt for 2009 well below the limits set by the European Union, respectively 1.7% and 7.2%. These exemplary figures are enough to make the envy of the major European countries even if they hide a decline in GDP of 14%.

With these results, the government intends to pass his entrance examination in May for publishing the report in Brussels in June and especially in the political verdict Finance Ministers."I do not see how they could refuse," said Estonian Minister of Foreign Affairs Urmas Paet. Most countries in the euro area far exceed the criteria, "Bill Thomson, OECD, grade:" One can always interpret in one way or another, especially on the sustainability of public finances. This is a political decision. "As such, the entry of Estonia into the OECD in late May it provides proof of credibility.

Yet a year ago, few experts would have bet on the country joining the single currency. After years of euphoria, the country has suffered serious setbacks: the collapse of the housing bubble, crash consumption, falling exports … and unemployment rising sharply, to 14%.

Unlike most countries that have tirelessly to revive the machine, the strategy here was quite different, based at the end of 2008 on the restrictions.Salaries down, the tax burden to rise, spending freeze … In 2009, savings accounted for 9.2 points of GDP. All without protest or strike extent. "If we compare the living standards of the time (prior to its independence from Russia in 1991) and today is the day and night. Wages have increased significantly between 2005 and 2008, justifies Rein Minka, vice president of the central bank. "Estonians do not complain, it is not in their nature. They have not forgotten the rationing of the Soviet era, reflects Stecken Antoine, a French importer of cosmetics. They are also followers of the liberal model. "There is a consensus policy, including public opinion, to deny recovery by the public debt," said Maris Lauri, chief economist at Swedbank.

Meanwhile, the newspaper in Tallinn is very difficult.In the image Meeli Lass, 39, 4 children, opera singer, who supports her family with a salary of 13000couronnes (around 830euros) – good pay, judge the young woman. Her husband was fired, and his eldest daughter graduated last nine months looking for a job. "It tightens belt: no output, no new clothes. This winter, heating costs have soared because of very severe cold, they make up half of our budget. We still have potatoes that my husband grows outside the city. "What can we expect Does the euro? "This will be worse, answered Meeli with fatalism. Prices will rise as in Slovenia. And the country loses a little more independence. "

Flexible economy

According to surveys, almost 55% of the population believe the contrary to the virtues of the euro. He starts by removing the specter of devaluation ruinous for the country.Despite the fixed exchange rate regime, many rumors have circulated at the height of the crisis, the contagion of a Latvian lat devalued. The government also relies on the euro to attract investors. "We have a diverse economy and a very flexible system of single tax to 21%. Moreover, if the company reinvests it pays no taxes, "argues the minister of Economy, Juhan Parts.

For Maris Lauri, the only apparent in the short term will come from exports, which have already started to leave. "Estonia has a large network of SMEs that can adapt and produce in small quantities," said the economist. The close cultural, linguistic and geographical Finland is an undeniable asset. In two hours by ferry from Helsinki to Estonia, which produces a third less expensive, has become the preferred subcontractor of Finland.It cultivates its differences with its two Baltic neighbors: Latvia leaded by a banking crisis and real estate and Lithuania dependent on markets in Germany and Poland, which has seen its market collapse.

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The automotive supplier Plastic Omnium published on Thursday its results for the year 2009. Its sales, down 8.8%, reaching 2.459 billion euros. Its operating margin was 102.1 million euros (+44.4%) or 4.2% of turnover, against 2.6% a year earlier. The company has managed to make a profit of 31 million euros against a loss of 63.2 million in 2008. The Board of Directors will propose a dividend of 0.70 ? per share.

The group said that 2009 was a year of very mixed in terms of activity, particularly in the automobile.The decrease in turnover of 8.8% in 2009 masks a decline in activity earlier this year (-19% in the first half of 2009) and a recovery later this year.

In 2010, further development in emerging countries

This year, Plastic Omnium will continue its expansion in China with two new plants, and India with the entry into production of a third plant in partnership with Suzuki-Maruti Payday Loan for Bad Credit !!!?? ?!!!???!!!.

Regarding activity in early 2010, it is comparable to the end of 2009 with production volumes supported by various bonuses bet breaks up in Europe and growth in emerging countries.

The group hopes to achieve in the first half 2010 operating margin similar to that of the second half of 2009.For the full year, it expects a slight growth in turnover.

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Athens loses patience. Having established an austerity plan unprecedented more than 10 billion euros to reduce its deficits, the Greek government requested that the European Union to turn goodwill. Prime Minister Georges Papandreou requested Thursday that European leaders to reach agreement at the summit next week on a mechanism to help Greece.

The head of government, speaking before the European Parliament in Brussels, was also skeptical about the suggestion by Angela Merkel, to be able to exclude a country from the euro area. "Just punishment could not be the solution. And punish and exclude a country would be a failure not only for the country (excluded) but also for the Union "Money as a whole, he said.

Besides the penalties, "the important thing is that we must ensure that countries that have problems are also supported," he said. On this point, George Papandreou reiterated that his country "does not claim to help": "We are not asking for money from Germans, French, Italians, and other workers or taxpayers."

"What we are saying is that we need strong political support to enable us to make necessary reforms and ensure that we will not pay more than necessary to implement these reforms, he explained to MEPs, before threatening again to resort to IMF assistance. This last possibility is rejected by the European Central Bank and by France and Germany.

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