There are records after which China does not run. Inducted largest consumer of energy in the planet by the International Energy Agency (IEA) earlier this week, the Middle Kingdom has denied the figures of the organization Tuesday. "According to our calculations, the U.S. was still the world's largest consumer of energy in 2009," said Zeng and Yachuan, a spokesman for the National Energy Administration. The IEA estimates that China consumed 2.252 billion tons of oil equivalent last year, or 4% more than the United States. Beijing assesses its own consumption at 2132 million tons oil equivalent. Paris-based IEA said its figures were preliminary, but they draw a definite trend. For instance the Chinese, the organization's data are "not reliable" and overestimate emissions of carbon dioxide.

These statistics do not serve China, criticized by the international community for its commitment in chilly environment. Last year, Chinese leaders have promised a cleaner growth by reducing their emissions of greenhouse gas emissions by 40% to 45%. per unit of GDP by 2020. China is currently lagging behind, with improving its energy efficiency by 1.7% per year over the past decade, against 2.5% for the United States, according to the IEA.

Renewables

Despite its image as a bad pupil, the People's Republic seeks to develop renewable energy, always concerned about its growing dependence vis-à-vis imports of raw materials, especially oil online payday advance.In 2009, the government has installed capacity of 37 gigawatts additional generated by renewable energies, either the most important effort made in this respect in the world, according to the IEA. An effort record but insufficient for the required 1000 gigawatts in the next fifteen years. For Fatih Birol, chief economist of the IEA, if China wants to avoid blackouts, it will invest 4 trillion dollars in the energy sector in twenty years.

It must be said that China's needs following an exponential trajectory, with already five years ahead of schedule. Ten years ago, the Middle Kingdom was burning only half of U.S. consumption. This year, he is sure to dethrone Japan as second largest economy. And Chinese factories continue to fuel up.The Ministry of Industry and Information Technology said Tuesday that growth in industrial production could exceed 11% over the full year 2010, a figure higher than the target of the central government.

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If the performance of these three giants of Wall Street have exceeded the expectations of financial analysts, they are far from convincing.The banks, in effect, save their profits fall in provisions for doubtful debts, which remain however very high levels. At Citigroup, they have a charge of $ 6.7 billion, the lowest in almost three years. For Bank of America, the drain $ 8.1 billion against $ 9.8 billion in the first quarter and still $ 16.4 billion a year ago pay day loan lenders.

Less capital raising

More than three years after the start of the crisis in the housing, the improvement of conditions in the shy USA relieves borrowers. But business remains sluggish, as evidenced by the decrease in revenues of large banks: – 33% for Citigroup – 18% for Bank of America – 7% for JPMorgan. The great challenge for these players is to reach boost their sales."It will be several more quarters to see a sustainable activity," warns Brian Moynihan, the CEO of Bank of America.

Last year, the Wall Street banks had managed to offset the gloom with an exceptional year in the investment bank, with capital raising records. Alas, this windfall is gone and instead the second quarter under the sign of the crisis of European sovereign countries was characterized by high volatility and lower risk appetite. This scenario weighs on commissions and revenue from emissions trading.

The officer believes that Europe will not end the crisis without a significant depreciation of its currency. The skipper and evokes "a level of parity of 0.6 to the dollar" before adding "not the European Central Bank will not accept it." In fact, the latter expressed doubts about the fact that the euro can survive the crisis "which is just beginning," he said free 3-in-1 credit report.

Redeployment of "onshore"

Regarding the consequences of the spill, the leader of the French oil major said the companies are counting on a redeployment of oil production on land at the expense of offshore in the Gulf of Mexico.

He suggested that no oil company is no longer able to "face the financial consequences of possible ecological damage. He said he expected consequences for production "in the years 2015/2020. "This should bring up to date the theory of" peak oil production ceiling, "said he.

The European Commission released a report Thursday that is concerned about future shortages for fourteen of these elements, termed "critical" (*).

No disagreement between Merkel and Sarkozy

Despite these blunders, the spokesman for Angela Merkel was quick to point out that there was no disagreement between the two governments.

Earlier this week, Nicolas Sarkozy had expressed doubts about the austerity plan of Germany. "If we add to the austerity of austerity, we will go into recession." France hoped that the German recovery stronger domestic demand to balance the trade balance of the euro area.

The two leaders have postponed this meeting to June 14, three days before the European Council summit to be held in Brussels.

The stock market had reacted badly to the announcement of the cancellation of the meeting. The CAC 40 had lost more than 1% at closing."Although both parties argue for scheduling reasons, they will not prevent financial markets interpret this delay as the collapse in the open non-functioning of the Franco-German one hand and a state of panic among the other European states, analysis Nicolas Bouzou, economist at Aster.

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"Germany: A dose of austerity record

Angela Merkel has also spoken of "important day for the euro, saying" very satisfied "with the agreement reached.Indeed, the Germans have left their mark on this mechanism: they did accept the principle of a partially provided by the IMF and obtained a de facto veto power, since the aid plan can be triggered that with the unanimous agreement of the Twenty-September But Berlin has not sacrificed as much for the idea of Europe, has assured the Chancellor, compared to the "Iron Lady" Margaret Thatcher into the German press. "These decisions show that Member States will not allow the euro area is destabilized and solidarity that exists," she stressed.

European officials have reiterated that no good practical help and had been decided that the goal was paradoxically not use the device. "We hope it will not need to be activated," assured the President of the European Council, Herman Van Rompuy.The idea is enough to reassure markets that they agree to lend again to Greece at lower rates. The initial results were encouraging faxless cash advance . On Friday, the risk premium difference between good Greek and German 10-year fell by 9 basis points to 304 points. One that is still very high.

Build trust

In Athens, the relief was palpable. The agreement sends "a very positive signal to markets," assured the Prime Minister George Papandreou and the government will launch a new loan "timely."

The European Awards for their part, reacted mixed, while the euro was on top of $ 1.34 (it had plunged to below $ 1.33 before the summit)."I hope that financial markets will now act on facts, not fiction," said President of the European Commission, Jose Manuel Barroso.

It is indeed crucial to build trust. "There is no country that is in a situation comparable to that of Greece, on Friday assured the leader of the Eurogroup Jean-Claude Juncker. But markets fear a domino effect. Portugal is the first line, which has seen its rating deteriorated by Fitch. Ireland, Italy and Spain are on a tightrope, with their finances well into the red. More broadly, 20 states on 27 of the EU are subject to excessive deficit procedure; this week, the Commission expressed concern about their optimism about their strategy for ending the crisis.And for Economic Affairs Commissioner Olli Rehn, "this year will be the first real test for the implementation of the budget strategy adopted last year.

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"SPECIAL – Greece: a challenge for Europe

A pain in childbirth. After a head-to-head tight between Angela Merkel and Nicolas Sarkozy, the sixteen countries of the euro agreed Thursday on a plan of aid to Greece. He shared the role of lender of last resort between the Europeans and the International Monetary Fund.

Germany, long reluctant to directly support Athens has finally agreed to contribute financially, with other countries. In return, France and Brussels institutions will accommodate themselves to a "substantial involvement" of the IMF, led by Angela Merkel in the European fold. Beyond the Greek emergency, countries of the euro should also prepare for a new diet on the budget model Germans.

As for Greece, the Franco-German compromise provides for a "European framework" consisting of bilateral loans and coordinated by the States.Getting an added "complement" of IMF lending, minority according to Paris. The details of the text remains to tie up. The envelope said to be in Brussels, should be between 20 and 22 billion euros. Greece was considered "quite acceptable". The method could be extended to other countries plunged into the red.

On the fiscal side, the France accept the German demand for a say on strengthened European national deficits, "including sanctions." This tightening could indicate the end of the year, with a revision of treaties. Grant to Berlin, Paris is already planning "all legal options".

The Franco-German compromise, dictated by the urgency, did not dispel all misunderstandings. Berlin, veiled, concerned about the French penchant for French growth based on consumption and public investment.In contrast, Paris has openly criticized, Christine Lagarde, German model based on savings and export feed which comes deficits neighbors.

The Franco-German agreement was expanded in the evening to the sixteen countries of the Eurogroup meeting on the sidelines of emergency summit in Brussels European cash advance . It dictates the immediate requirement that the EU would apply beyond Athens to all countries in the euro area exceeded its deficits. Explosion of debt, sluggish growth and low productivity, Portugal, Spain and Italy share the same ills as Greece.

The pill is bitter ahead for Premier Papandreou. He waited for Europe to help to refinance at a lower cost. Athens must find 15 billion euros by early May and 50 billion by the end of the year.The conditions imposed by Angela Merkel are the joint support of the EU and IMF use a strong deterrent.

Greece can not make call as a last resort, in full only if the sixteen countries of the euro note – unanimously – that it can not refinance market. The European funding will be "no element of subsidy. IMF side, the rates appear more attractive. But they relegate Greece to rank countries attended. They also spend an extra dose of austerity that Athens would have trouble passing against the social anger.

On the merits, Angela Merkel has essentially dictated the law to the EU. At first isolated in its orthodoxy, Germany has shown that nothing can be done without it in a Europe in crisis. Inflexible, the Chancellor has imposed his choice.Nicolas Sarkozy, head of the ECB Jean-Claude Trichet, president of the Eurogroup Jean-Claude Juncker, the head of the EU executive Jose Manuel Barroso, all would have preferred a purely European. All saw the use of IMF interference in the pride and independence in Europe. But Thursday night, the threat of a collapse on the euro does them no choice.

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Half of the records which go back on compensation issues related to entitlement to unemployment insurance and calculating the amount."The fusion ANPE-Assedic seems to have redirected the claims that were previously more diluted in the network, or processed by the sites," said Benedict Genuini. A significant proportion (13%) are also aids in recruitment, particularly relating to geographic mobility for the resumption of work away.

Six proposals "modest"

In the last quarter of 2009, the Ombudsman received 4103 cases, with a monthly average of 1368 lifts. "Nearly 550,000 registration records are moved each month by employment center, said the mediator guaranteed unsecured personal loan . The tradeoffs associated with these movements generate about 40,000 claims monthly. "Yet less than 4% back to Benedict Genuini.A given place "in the column of good news," he said.

Referrals receivable (after initial review by agency and outside letters of moods and information requests) represent 40% of the total. "The majority of cases teaches that this is not the regulation is at issue, but the application is made," says Benedict Genuini. More than half are successful conclusion, total or partial, and only 30% are rejected. "These are cases where it is not possible fairly to respond positively," justifies the center Employment Mediator, who want to provide added "particular care" to explain the rejection.

In conclusion, Benedict Genuini made six proposals "modest" to Christian Charpy, the CEO of Pole employment. "Their adoption would be likely to facilitate the relationship between employment center and its users," he warns.The mediator's suggestions include better write the letters sent to the unemployed in order to avoid certain formulations computer "predefined and disrespectful." As example of being informed of a request for reimbursement of an overpayment of compensation on the basis of a … "no reason".

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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.