PSG back, this time on the judicial scene. Since last Monday, said the trial of "questionable transfers" opened at the Paris Correctional Court.

At the helm, Lawrence Perpère and Francis Graille, the presidents of the football club Paris at the time, the club itself, Nike France, two of its leaders and new players' agents, referred to "forgery and using false and unauthorized practice of the profession of players, like Richard Bettoni or Rako Stojic.No player is concerned, even if they could tax adjustments.

Between 1998 and 2003, the PSG players like Ali Bernabia or Ronaldinho would have received salary supplements that enabled PSG to pay less payroll and players less taxes, as magistrates pole of the Palais de Justice , Paris Renaud van Ruymbeke and Françoise Desset, who are investigating this issue since 2005.

Fictitiously inflating their role and responsibility, all 25 players involved have been inflating their commissions, and creating images contracts with Nike, they hit pay additional cash advance . These are the components of the charge.

The image rights dispute

The President, Quentin Chantal, the court stated that "some abuse of social good has been a non-place '.In other words, there was no personal enrichment.

On the image rights of players, Nike France says she bought them with consideration. But the president noted the "messages" which, for the prosecution proves the caratère fraudulent transactions between Nike and the PSG. "If it happened that the sponsorship contract is terminated, the PSG is committed to guarantee the payment of such sums," Francis Graille mentioned in a note.

This issue of image rights will be discussed on Tuesday and Wednesday. The trial is expected to end April 14. The three remaining weeks will be spent on transfers.

The defendants face up to three years imprisonment and 225,000 euros fine for corporations. PSG may also pay 5.8 million euros that could be claimed by Urssaf.

Manipulation. The word has been uttered by Andrew Cuomo, the Minister of Justice of the State of New York. The latter accused Bank of America (BofA), the largest bank in the United States, having committed a "huge fraud" during the merger with Merrill Lynch. He said the former BofA CEO Kenneth Lewis and his former chief financial officer Joe Price, while two continued, would have deliberately hidden the huge losses at Merrill Lynch for a massive federal assistance.

This "arrogant maneuver" after Andrew Cuomo, would have allowed BofA to validate the merger by the shareholders. Once the transaction is approved, the management of Bank of America has made public the statement of loss and "manipulated the federal government to save the deal with billions of taxpayer dollars, claiming falsely that it would cease the agreement without assistance.

The bank responded by saying "disappointed" and said its leaders had always been "good faith". The respective lawyers of Kenneth Lewis and Joe Price state that the accusations are baseless.

150 million dollars in penalties

In addition to these criticisms, the SEC, the gendarme of the Exchange in the United States, announced Thursday that the agreement to settle other lawsuits related to the acquisition of Merrill Lynch now amounted to 150 million cash advance payday loan . The first agreement concluded in August 2009 set out the penalties owed by Bank of America to 33 million.

The SEC alleges that BofA for hiding its shareholders having authorized its future subsidiary Merrill Lynch $ 3.6 billion in bonuses despite losses of the latter in 2008.

The new deal announced Thursday provides for further measures to strengthen the bank's procedures, including the stipulation that shareholders will now have their say on remuneration of the management team. It must still be approved by Judge Jed Rakoff, who had refused last summer how the first agreement.

The SEC also announced that the proceeds of the fine will be distributed to shareholders penalized by the actions of the bank.

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With Twitter, the communication is passed in real time. With Shazam, the iPhone has become a machine to recognize the music. German Aka-Aki opened the madness of mobile location based social networks. These services are transforming our lives for several months have been identified, there are one or two years, the Forum Netexplorateur. Founded in 2008 by Martine and Thierry Bidegain Happe, it seeks to identify innovations that can have a significant impact on the uses digital economy or society. The third edition, including Le Figaro is a partner, meets Thursday and Friday to the Senate in Paris. It is an opportunity to set new standards in the "socio-digital revolution" underway.

The winners of the 2010 edition were selected from more than 440 projects emerging. They are part of a new digital world where the Internet becomes ubiquitous.The URL can not be visited more but found himself. Many objects become key input into an ecosystem where real and not real live. Databases and servers are scattered, software and outsourced services, terminal dematerialized. The interface for mobile augmented reality Sixth Sense allows to browse the Internet with a virtual screen projected by a minicam, dial a phone number in the palm of his hand or view a video on a newspaper article. Accessible from anywhere, this new Internet makes the user knowing. With mobile browser layar augmented reality, any building or environment is an opportunity to unwind "layers of virtual information.Augmented with TAT ID, the user can display a variety of virtual cards and virtual social networking profiles around her face, free to the caller to download this information.

Freeing the user of the computer

This ecosystem is emerging as new human-machine interfaces capable of freeing, ultimately, the user of the computer or a smartphone. The aircraft of the future will respond to a voice command, gesture or brain. The French HiLabs has already begun to deploy an intelligent window on the windows of merchants Grenoble: responding to displacement of people, she then called by a movie, the way to interact with one giant touch screen (Eyelights).

On the Internet also should be contacted individually to the consumer.Social networks like Facebook and Twitter is why a "hunting ground" ideal marker there conversations on Internet brand and integrate it with an ad campaign that takes account of these opinions (People Powered Ads).

In this new digital world order, and environmental organizations are impacted first. The technology can learn to change and therefore it is the creed of Source Map, which shows the carbon footprint of a product or a food or Mobile Lucas, who turns the mobile phone Minilab analysis medical use and particularly to distinguish true and false cases of malaria.

Similarly, the Better Place project relies heavily on intelligence network, able to indicate to drivers of electric cars recharging station nearest, then manage the transaction load and billing.At work, it calls for transparency on the powers of his future employer to decide to change. What improve individual productivity or collective, as the founder of the website Get a Great Boss. In parallel, microtâches can be relocated and create microjobs for solidarity: the draft Work Give an iPhone application developed by Samasource, which proposes to perform computing tasks mechanical ( "tag" a video detailing card, test application) by refugees from Dadaab camp in Kenya. Initiatives that, once industrialized are likely to reverse the tide.

Validated: This morning during a special Board of Directors, France Televisions has decided to enter into exclusive negotiations for the privatization of its governed France Televisions with Lov Financial Advertising and Publicis.

Only staff representatives voted against while Dominique Wolton abstained after proposing to delay the decision. Indeed, Patrick de Carolis, president of France Televisions has written his "tutelage" in this case Christine Lagarde and François Fillon asking them to affirm the necessity of selling the board even though a number of parliamentarians proposes maintaining advertising day.The president of France Televisions would, however, felt it unnecessary to await the reply of the State to initiate this discussion and even exclusive it would be absolutely necessary for "guarantees" about possible conflicts of interest with a buyer Stéphane Courbit, who is also a supplier of programs for antenna France Televisions payday loan .

Side employees and representatives are upset that the proposals of the candidates certify the absence of socially for three years for the Metropolitan France. They argue that the end of the pub on their RFO does not give sufficient guarantees in respect of employment.

"We have a bitter taste," said the representatives of the CGT – the majority union at France Televisions."We feel that the assets of the company is sold off and we find this shocking distinction between employees of the Hexagon and those DomTom. Finally we fear that in a few weeks all realize that this assignment was useless because of changing legal requirements.

After a session with no real trend on Monday (0.07% to 10,205.02 points), Asian stock markets resume upward trend Tuesday. The Nikkei 225 ended the session sharply higher by 1.63%, driven by gains on Wall Street yesterday, the relative stability of the yen and the revival of the Toyota shares after the announcement of a cure his technical problem. At the close, the Nikkei 225 index of blue chips gained 166.07 points (1.63%) to receive at 10,371.09 points.The broader Topix index of all securities in the first table has taken his side 14.21 points (1.58%) to 912.82 points in a market where activity has yet revealed quite low, with 1.88 billion shares traded on the market first.

Japanese carmaker Toyota said Monday that the pieces to solve the problem of having pedal forced to recall millions of cars in the world begin to arrive in Europe "next week".

The U.S. and European stock markets have led the way Monday, the Dow Jones, the CAC 40, FTSE 100 and Dax gaining 30 respectively 1.18%, 0.60%, 1.14%, 0.81%.

Rising commodity prices including gold and oil strongly favors trading companies and oil companies. While the weaker yen against the dollar makes exporting values to increase.The dollar goes back into effect at 90.84 yen.

The oil companies and trading companies benefit

The export values are not to be outdone, Canon Inc. gained 2.7% to 3610 yen, Sony Corp. takes 3.3% to 3160 yen and Kyocera progressed by 2.1% to 8320 yen payday loans .

Regards, Toyota Motor Corp., which has been battered recently on Tuesday, the share jumped from 5.5% to 3640 yen after the announcement of the detailed plan of repair of vehicles recalled by the manufacturer.

The oil companies are the big winners include the results better than expected Exxon published yesterday on Wall Street. The refiner, Nippon Oil gained 5.3% to 441 yen and Nippon Mining Holdings, whose principal activities include oil refining rose 5.2% to 407 yen. Cosmo Oil takes 2.6% to 200 yen. The tanker Inpex was up 2.3%.Sumitomo Metal Mining Co. gained 1.5%.

Trading companies also take their game well, Mitsui & Co climbed 3.8% to 1342 yen, Mitsubishi Corp jumped 4.5% to 2237 yen and Itochu Corpb rose 2.9% to 709 yen.

Among the values sharply down, the action of Tecmo Koei Holdings Manufacturer of video games fell 9.5% to 630 yen after the announcement of a delay in the launch of some key games such as "Quantum Theory" and of lowering its forecast for annual operating profit by 97%.

From the financial side, Nomura Holdings (+1.6%) announced Tuesday for the third quarter, a third positive quarterly result in a row. Between October and December, net profit reached 10.2 billion yen (77 million euros).

Softbank gained 3.8%.The telecommunications group introduced on Tuesday a net profit for the first three quarters of fiscal 2009/2010 to 94.86 billion yen (711 million euros), up 63% over one year. A result supported by the mobile business.

Le Figaro. Why start a new international conference?

Richard Attias. – It lacked an event exclusively dedicated to economic issues. It is a central issue both for policymakers and for the general public who suffers face opacity and inconsistency of financial news. In 18 months, nearly 60% of business leaders have changed. A new generation arrives at the controls ready to transform existing business models. He needs a place for dialogue which aims to be pragmatic, that is the vocation of the New York Forum.

How does the New York Forum, from Davos?

I worked 13 years in the organization of Davos remains a very nice event overall, covering dozens of topics with thousands of participants.The New York Forum, it will be "100% business" and located in the heart of New York, which embodies the essence of the vitality and entrepreneurship.

How did you design the event?

It is above all, a platform dedicated to collaborations and partnerships. I work for several states with SWFs are very demanding lighting and development relationship with the business. As for regulators, they are increasingly present. These are all players that we will meet, by invitation, without exceeding the 500 participants, half of which will end U.S. market. My experience leads me to prefer this size to remain productive and systematically guide the discussions towards future action. The forum will take place on 22, 23, June 24Why not lead to a series of proposals which would be submitted 48 hours later, the G20 Toronto? We thus completing the bridge creating with policymakers.

What role will the "New York Times?

Arthur Sulzberger (Chairman of the New York Times editor's note) was immediately captivated by the project and made a look as exciting as constructive. His newspaper is the official media sponsor of the forum, including the closing ceremony will be held at the magnificent New York Times. But beyond this prestigious partnership, I stress the educational dimension of the event. The expectation of the general public for decryption is immense in the field of economics. We must respond in order to reconstruct the conditions of the trust.

Who owns the New York Forum "?

At The Experience, the company I founded in May 2008, after leaving the Publicis group in which I had spent ten years of personal business card . So I sold the 40% of the shares that I held in Publicis Live, Geneva, and I wanted to create a structure dedicated to the design and production of proprietary events. This is the case of the New York Forum "The Experience which takes only funding. My desire is to get involved so the full content of the events j'orchestre. This was already partly the case with the Conference of Nobel Laureates in Petra.

Meanwhile, you've made a detour via Dubai. Have you lost money?

No, because I had not personal assets.I was asked to take the reins of the Dubai Events Management, a Crown corporation in which no private person can not hold shares. I've recruited about thirty employees. Our mission was to exploit the strategic location of Dubai and its fabulous infrastructure, to make it one of the largest producers of world events. We have thus established the "Dubai Fashion Week, started the rehabilitation of the old neighborhood" Al Bastakya, partnered with ESPN, the sports channel from Disney, and the Metropolitan Opera in New York. On my suggestion that this company was, in 2009, sleep, given the international economic situation. I took the opportunity to relaunch The Experience that state of Dubai has helped me to locate there.Our headquarters is in New York we also have branches in Paris and Saudi Arabia.

What other accomplishments of The Experience?

In June 2009, we orchestrated the tenth anniversary of the accession to the throne of King of Jordan, which was attended by 15 000 people. We then set up in Bahrain, an international forum devoted to education. Its success led us to organize the second edition in October. Finally, we put our know-how to the foundation of my wife, Cecilia, who is dedicated to the cause of women around the world. Precisely parallel the New York Forum, there will be a conference called "Dialog for Action". It aims to bring together, on the one hand, NGOs involved in defending the rights of women and on the other, business leaders, politicians, and various experts.Again, the goal is to achieve a plan of action. A commitment.

The Cac 40 does not know which way to turn. After closing sharply lower on Friday, the Paris flagship index opened on Monday, up 0.42%. But around 9:30, it began to reduce its earnings by settling just before 10 o'clock, its closing level Friday, or 3954.80 points (0.01%). But the Cac 40 does not seem to want to slide into the red. Also, around 11 am, he went back on the rise with a gain of 0.49% to 3.9574 marks.

This morning the Asian seat ended in a steep downward trend. The Nikkei lost 1.16%. The disappointing results from JP Morgan affect the morale of investors who doubt the health of the banking sector. Friday, Wall Street had already set the tone by closing on a negative note. On Monday, the U.S. places are closed due to holiday.

No macroeconomic statistics that could reverse the trend is expected.

Renault under the microscope

As for values to follow, Renault (+1.04% at 39.01 euros) is expected to turn. Group CEO, Carlos Ghosn, announced Saturday that the new Clio 4 will be made to Flins (Yvelines) and Turkey, without giving further details on the distribution of production at both sites. Peugeot appears however down 0.7%.

According to the British press, GDF Suez (+1.76% at 28.86 euros) is considering a reconciliation with Britain's International Power. The transaction details are not mentioned.

Louis Welsh, CEO of EADS (-0.94% to 14.57 euros) on Sunday welcomed signs sent by the client countries of the military transport aircraft Airbus A400M.The France had announced it planned to discuss the cost overruns of the project therefore would not be abandoned.

Air France KLM (-0.96% to 12.38 euros) was followed after the publication in the Japanese press of a rapprochement between Japan Airlines (JAL) and Delta Air Lines, which should lead JAL to join the SkyTeam alliance, which is Air France-KLM.

According to the Tribune, Axa (0.3%) interested in a stake in the giant Russian Aluminum Rusal, which is listed on the Stock Exchange of Hong Kong and Paris (Euronext) next week. Rusal hopes to raise 2.6 billion dollars (1.8 billion) through its entry into the market.

The CEO of Accor (+0.60% at 16.74 euros), Gilles Pelisson said in an interview with Journal du Dimanche that the group should not be separated from its brands Sofitel and Motel 6.He said the resumption of the hotel market will slow in the first quarter of 2010.

Aeroports de Paris (ADP) lost 0.14% to 56.81. The group has published its traffic after market for the month of December.

Casino (+0.11% at 61.80 euros) is being difficult in Venezuela. Venezuelan President Hugo Chavez on Sunday ordered into effect the expropriation of the hypermarket chain Exito, a subsidiary of Casino, accusing him of having increased its prices so speculative.

At 18h, Casino and Mercialys (+1.07% at 25.50 euros) will publish its figures for the fourth quarter while Soitec (-0.13% to 11.39 euros) will unveil his third quarter.

As the situation worsens indebted French, Crédit Municipal de Paris offers a new personal loan that will follow the fluctuations of the budget of a borrower. "This loan applies for the first time consumer credit adapts to clients' lives that evolves over time," explains the Figaro.fr Emmanuel Bouriez, Director General of Crédit Municipal de Paris. The institution with a social means product support vulnerable people, particularly those that feed on a new project but who have already contracted one or more revolving loans. This new offset their loan reduces the amount of monthly payments when their incomes fall and to revise upwards if they were to increase.To sum borrowed less than 20,000 euros, no guarantee is requested to the borrower and ultimately, the loan will cost "up to three times cheaper" than a revolving credit "classical" says Crédit Municipal de Paris . Proposed by many specialized credit institutions, revolving funds are to make available to the consumer a sum of money on a particular account permanently but whose interest rates very high, usually ranging from 16 to 22%. The phrase "Reducto-flex" as proposed in January by Crédit Municipal de Paris, will match the interest rate personal loans, a rate between 6% and 7%.

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The French specialist travel products and leisure announced Friday a loss of 53 million euros from 1 November 2008 and October 31, 2009 against a profit of 2 million euros a year earlier. The 21 million euros in restructuring costs weighed heavily on the results, detailing the release of the group.

The global economic crisis, which has particularly affected the tourism sector premium has resulted in a decrease in the rag business almost 9% on year to 1.36 billion against 1.48 billion euros last year. Current operating income Villages is nevertheless increased from 35 to 36 million.The group also provides a new line of credit of 120 million euros maturing in December 2012.

"The customer gains the upper end are confirmed despite the crisis, our fundamentals are solid operating profitability of the villages has improved steadily, and financial structure was strengthened," said chief executive Henri Giscard d'Estaing, quoted in the press.

The strategy of moving upmarket Club Méditerranée conducted for several years and translated for the first time by a number of clients 4 and 5 Tridents (669,000) exceeds the number of clients 2 and 3 Tridents (549,000).

China, "a major growth driver, is expected to open the first village (ski) in late 2010 and five more by 2015.This new market could become a "leading markets group" with such future locations, and help Club Med to restore profits.

The euro is stronger and more united than its detractors suggest. The ill winds that had stood on the Acropolis in the wake of the crisis in Dubai, have subsided in 48 hours. Jean-Claude Trichet on Thursday expressed "confidence" in the fact that the Greek government would take "appropriate action". Two days earlier, Jean-Claude Juncker had swept a backhander fears of default on public debt: "This bankruptcy scenario is totally absurd, Greece is not and will not be bankrupt. The European Commissioner for Economic Affairs, Joaquin Almunia, was equally supportive: "The problems of Greece are also the problems of the eurozone."

In simple words, but that totally defused suspicion.The risk premium had risen sharply to 215 basis points (rate differential between bonds of Greece and those of the German state), it fell to 169 points, level "before Dubai. And yet the situation in Athens is still as "worrying", according to the finance ministers of the European Union, during their Tuesday's Ecofin. They refer to the three records from Greece: a deficit that will reach 12.7% of GDP in 2009, government debt represents 113% of GDP and an external payments deficit of almost 7% of GDP.

A seemingly hopeless position, but the drama of recent days has shown in vivo that Greece had spoiled for choice to find a good Samaritan, of the four following mechanisms.

• Solidarity partners of the euro area

There is no formal "financial instrument to address a funding crisis to one of the members" of monetary union, as noted by Jean Pisani-Ferry, director of the Brussels think tank Bruegel. The Maastricht Treaty is actually contradictory in this regard. On the one hand, it prohibits salvage procedure (bail out) debts of a State (Article 104B). On the other, it provides "due to exceptional events (…) to grant, under certain conditions, Community financial assistance" (Article 103a), as noted by Sylvain Broyer, an economist at Natixis.

• Insurance Fund

Unlike Dubai, which is not a member of the International Monetary Fund, except indirectly through the United Arab Emirates, Greece "contributor" itself to the insurance company what the IMF.But everybody recognizes, and Jean-Claude Trichet first, even if it has never publicly admitted he is de facto ruled a country in the euro area do call to global solidarity that is the IMF . This would be an admission of political weakness. The Minister of Finance, George Papakonstantinou, was also quick to declare that he had no intention of doing so. Able to recall how he was entitled.

• China, deus ex machina

The U.S. agency Dow Jones Newswire has revealed that Athens was in talks with Chinese banks to sell their 25 billion euros of securities of the public debt. The Prime Minister, George Papandreou, was even in the negotiations. Nothing extraordinary in themselves: the U.S. Treasury and Agency France Trésor spend their time doing the same thing.More disturbing, the Chinese authorities to extend the benefit of investing $ 5 billion made last year in the port of Piraeus by Cosco Pacific (Hong Kong).

• A significant challenge for the euro area

"If the deterioration of the Greek debt continues, we will find ourselves in the terrifying position of being unable to obtain cash, because the ECB will not accept our securities as collateral," said this week the Governor of the Bank of Greece George Provopoulos. A technical way, but convincingly, to describe the systemic risk to the Greek banks, which would meet all the carpets. A "small Lehman" in Greek? A good reason at least to encourage Europeans to stick together.