JPMorgan announced after the close of U.S. markets heavy losses of over 2 billion following the massive purchase of products that were derived originally from the 2008 financial crisis. The CEO, Jamie Dimon, reported the losses of "litigation of approximately $ 200 million" and "pre-tax losses the brokerage of over $ 2 billion" during a conference call surprise. The boss of the first U.S. bank by assets added that these losses could still grow up to an additional billion dollars. The asset portfolio has complained yet "a lot of volatility," said the leader. "We will manage up", but "it could cost us up to a billion dollars or more" and "the risk will remain for several quarters," added the CEO.

Photo credits: LUCAS JACKSON / REUTERS

The Economist, to be published next Saturday personal loan for poor credit.

A textile company, for lack of sewers it needs for its plant in Quimper, creates a pathway of learning to train its future recruits? The SME Armor Lux, well known for its white wine, made the headlines this week, at a time when all candidates for president are the re-industrialization of the country one of their campaign themes.

This situation is not isolated and number of industrial jobs – welders, boilermakers, milling … – are pulling their hair to find candidates and encourage vocations. "There is a real paradox between a high level of unemployment in France and companies who are not candidates for positions in recruitment, whether welders, millers, coppersmiths, payroll technicians, seamstresses …. In total we estimate that roughly fifty so-called shortage occupations. In our business we miss about 30% of requests from our customers because we do not have the resources and this situation has been deteriorating for a decade, notes François Beharel, group president of Randstad and staffing agencies. Concretely, this means that our group could generate 30% of turnover and more. "

For him, the problem is essentially related to the collective image What these professions in public opinion. "We imagine that in the textile industry and is like 50 years ago, while the environment has changed, that wages were revised upwards and that career paths are possible." "We have to get into people's heads, and young people in particular, that the industry is clean and not necessarily noisy. In this regard, the construction was successful for several years to reverse its bad image, "says Anne-Marie Bjornson, Director of Transitions AFPA.

Develop learning

A UIMM, Joel Mendez, Director Employment and Training, said that one communicates primarily on job losses. Yet in all sectors of metallurgy, the recruitment needs estimated over the period 2007-2015 are always evaluated. Between 60,000 and 80,000 jobs per year, including 30 to 40% reserved for graduates, according to a study by the study-which will be updated in early 2012 over a 2013 to 2020 -. "There is a big educational effort and support to achieve with the companies to become more involved in processes of looking management of jobs and skills (GPEC) and assessing their future needs" says he.

According to Anne-Marie Bjornson Afpa transitions, there are ways to mount training particularly in the context of operational readiness to employment (job center) or as part of training contracts. "We are also working on the issue of transferable skills, which allow for example to a textile worker to work in the weld or a working precision to go in the car." But anticipating needs is a prerequisite and essential step, she insists.

For Joel Mendez, it is also essential to adapt the training devices to the needs, both in initial training in continuing education. And take the example of learning where the numbers in the branch of metallurgy grew 6% in 2011 (with a total of 26 000 apprentices). "At the last school year, nearly a thousand offers of learning could not be met and at the same time, the same volume of young people did not find any company. This shows that learning can be further developed and the various mechanisms put in place recently should help solve these problems. "

A situation that in any case, Francis led Beharel hammering: "stop sending generations of young people in jobs without opportunities. Spend money to know that jobs are to be filled with real careers, especially if the areas are not attractive. "

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Good news never comes alone, after Beijing's decision to let its currency fluctuate more widely, Japan could make $ 60 billion over the International Monetary Fund. This project, still unofficial, was unveiled Sunday in Tokyo by Kyodo News, quoting an anonymous government source.

These announcements came as the IMF and World Bank this week held their spring meetings in Washington, where will all the G20 finance ministers. In addition to nominating the next President of the World Bank, whose Korean-American Jim Yong Kim is the clear favorite, both topics will dominate the meetings, the sovereign debt crisis of the euro area and the downside risks of global economy.

Christine Lagarde welcomed the decision of the Chinese central bank, as "the commitment of China to rebalance its economy towards domestic consumption and allow market forces to play a greater role in determining the exchange rate" . This shift seems all the more desirable that IMF economists are questioning its growth prospects. While the 2012 forecast of the global economy should be slightly revised upwards, reaching growth, according to reports, 3.5% instead of 3.3% proposed in January. But these marginal revisions, which will be released Tuesday, reflect the best U guaranteed personal loan approval.S. results in the first quarter and a lesser decline in Europe. They do not challenge the doubts that have arisen in recent days on the Chinese economy and the impact of the tension in oil prices.

The second major record before the G20 central bankers, who will meet Friday, will focus on strengthening the response capacity of the IMF. Christine Lagarde had ruled earlier this year that he would need an additional $ 500 billion. She just scale back its ambitions. "The needs today may not be quite as significant as we estimated earlier this year," she said Thursday.

The remarks were interpreted as an admission of the difficulties in collecting these funds which take the form of bilateral loans of various members of the IMF. If the eurozone is already committed to provide 150 billion euros (nearly $ 200 billion), Washington remains hostile to the principle and emerging demand in exchange for a strengthening of their role within the IMF. The possible contribution of Japan would be the only element of encouragement after weeks of deadlock.

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The world of dog is not alien powers to DNA. He has also used its "services" for many years. And this, in two major areas of application: the detection of genetic diseases on the one hand, and the parentage of the other.

350 genetic diseases in dogs

There are about 350 dogs hereditary defects (against 5,000 in humans). Research – three laboratories in France working in the field of canine genetics – allowed for certain defects develop markers. These help to identify a male or a female for breeding (and competing standard) is free or affected by a particular pathology.

The status of the parents tested "negative" may be affixed to the pedigree, official document of the dogs.

Through these tests, the breeder who performs thorough job selection may evict reproductive individuals carrying. Some dogs may be healthy carriers, that is to say, be affected by a disease without showing symptoms, however, while being able to pass it. The tests may be required by a breed club within its rating scale, a sort of "ranking" of the best subjects.

A guarantee for the future master

However, there is still no test for all diseases, but susceptible breeds are available in which they can expect to see and decrease the spread of genetic diseases in their livestock.

The usefulness of such tests, when available, also benefits the future master. In its efforts to acquire a puppy, it can ensure that parents are free, which is an additional safeguard to avoid having to deal with a puppy who in turn will present a pathology. Genetic diseases, like all those reported before the purchase of an insurance animal health within the scope of exclusions of reimbursement, it is therefore a significant caution.

The DNA also allows traceability of pups in a litter. Thus, one can know with certainty that they are from the cross of like father and mother like her.

This is the official club of the breed English bulldog in this area which was the forerunner in introducing a DNA test to determine parentage in 1998. SCC (Societe Centrale Canine) which manages the LOF (Book of French origin) in France while an estimated three pedigree had at least one false statement. "It was a success in terms of ranchers who wanted to stand out from the merchants of dogs," says Helene Denis, president of the club's English bulldog. "To date we have over 1,000 bulldogs identified which quarter with controlled descent for both parents," she says.

The last important point, and not least, among the genes identified in dogs, several are directly relevant to humans. Some studies conducted in canine genetics can be transposed in human medicine and help advance research.

Proof once again that the dog outside of his abilities for the company and its role at times of carer, may hold promise of hope in our health.

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The space devoted to luxury brands, to leather goods, watches and jewelry and shoes, already expanded several years ago, will be further expanded. As the ground floor, first floor will be devoted to accessories. The "shop in shop 'Vuitton, Cartier and Chanel spend even on two floors, each with a private staircase. Rays ready-to-wear, over five levels will be, themselves, brought three floors, the ray discs just closed, and placeholders to cosmetics and toys will be reduced. "However, we will dedicate the entire fifth floor apparel child," says Michel Roulleau, executive vice president of Galeries Lafayette.

Accommodate more tourists

Even men approach the store (customers expected to grow), whose ground floor will also be devoted to luxury. "We are also studying a possible transfer project space at Lafayette Gourmet store house, where we consider a new concept," says Paul Delaoutre, the Director General. The space freed up could be turned into shoe department.

"Most of our revenue is realized by the clothes, insists Paul Delaoutre. Our sales are increasing, while the market goes down. Last year, we became the leading seller of clothing in value, in France, in front of Carrefour. "

However, most of the chain growth comes from the upmarket tourists. Operators completed last year 60% of store sales of Haussmann. Ongoing work will double the surface to receive tourists, with no less than three dedicated areas: one Japanese and Americans in the basement, another to the Chinese on the ground floor, and the last to others, especially the Brazilians, called to become a growth driver.

"Improving the profitability of the brand allows us to increase our 50% annual allocation of investment," said Paul Delaoutre. The latter has earmarked 800 million euros by 2017. The bulk will be devoted to work in 58 provinces of Galeries Lafayette (whose sales increased by 2% annually on average since 2006). "The concept of Haussmann is declinable everywhere in varying degrees, says Michel Roulleau. Prada, Gucci, Balenciaga and Saint Laurent will arrive in Strasbourg. The objective is to deploy anywhere Zadig & Voltaire, Kooples and Sandro, already present in thirty of our stores. "

When the total wealth of a taxpayer exceeds € 1,300,000, the latter is liable for the solidarity tax on wealth. The basis for calculation of this tax is calculated at roughly the same rules as that of inheritance. But for the life insurance, the comparison stops there.

Indeed, while these contracts are not (or partially) subject to inheritance tax, they are considered in terms of the ISF as any medium of financial savings. Thus, all life insurance contracts should be included in the taxable wealth. The value to be reported is that of the contract on January 1 of the tax year.

Namely: if the taxpayer held assets greater than € 3,000,000, must complete a detailed statement. The contract must be included in Appendix 3-1 of the Declaration of ISF, under "other property".

Reduce taxes on capital

Contracts of life insurance called "non-redeemable," that is to say those agreed in lost funds, are exempt from wealth tax. From this, some insurance companies have built contracts supposed escape partly or wholly, to the imposition. The most common contracts "to loyalty bonuses" and "contracts in euros diversified."

The contract to loyalty bonuses isolates for 8 to 10 years of financial support specifically, the interest generated by capital. These interests are blocked, and are not redeemable for the specified time. They are therefore exempt from wealth tax until they are reintegrated at maturity of the blocking period. But capital has remained on the taxable throughout this period. The contract is therefore only partially exempt from wealth tax and for a limited time paydayloans.

The life insurance contracts in euros has diversified in turn sought a more radical approach. In these contracts, the funds are frozen for 8 to 10 years, making them in principle non-redeemable. But the tax has not kept insurers in this field, and confirmed that these contracts remain taxable to tax on capital for their full value (instruction 7-S 4-10).

The acceptance of the beneficiary

Always to get these contracts from the base of the ISF, some experts have suggested to use the recipient's acceptance. Therefore the beneficiary of a life insurance contract has the option of accepting the earnings before or after the death of the insured.

If he does in his lifetime, the insured is blocked: it can no longer perform the redemption of his contract without the consent of the beneficiary. It seemed therefore possible to exempt these contracts because they were not freely redeemable. But again, the tax authority has raised an objection of inadmissibility (Ministerial response Dollez No. 18648). These contracts are taxable to the ISF.

The taxation of annuity

But in reality, the annuity is taxable to the ISF for its value called "capitalization." This value corresponds to that of capital which is gradually consumed to provide the annuity. It appears every year on the statement sent to the annuitant by the insurance company. It must declare the same as a life insurance contract.

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Not enough to reassure employees. Geodis, one buyer competing Sernam, does not seem hostile to the event of liquidation of the carrier into bankruptcy. In an interview with Journal du Dimanche (JDD), CEO of Geodis seems to slow down the four irons to the assumption of a recovery.

So he must know Tuesday whether to uphold or cancel its offer, it considers, in the JDD, the financial position of Sernam concern. It is "the worst expected. Some customers have gone to competition, contractors are concerned, important collaborators have left the company … The ministries concerned have known this for a year, "says Pierre Blayau the JDD.  

The CEO of the subsidiary of SNCF freight maintains he has always matched its takeover offer on two conditions: neither nor Geodis Sernam should only be considered by Brussels as the person paying the € 642 million illegal aid paid to Sernam by the station when it was privatized. Wednesday, Brussels has actually leaned in this direction, at the request of French authorities.

The second condition relates to the viability of Sernam. "Everyone seems to have forgotten. But today, we have no guarantee that this condition is met, "says Pierre Blayau. Earlier in the week, he lamented that "half of the turnover of Sernam has evaporated in recent weeks." The carrier's management denies.

Do not "dramatize" the liquidation

The CEO of Geodis had already held this speech to the unions, now pessimistic. "It made us realize that it will not be able to maintain its offer," said Alain told AFP Wednesday Delpuech CGT Sernam, emerging from a meeting with the boss of Geodis. FO Transport, meanwhile, also anticipating an into liquidation by the Sernam commercial court of Nanterre Tuesday.

Assumption that Pierre Blayau seeks, in the JDD, to dramatize. In the event of liquidation, the SNCF and Geodis will be in his able to reclassify one thousand employees employed on Sernam 1441, while the partial takeover offer for Geodis provides for the continuation of that about 800 jobs.

A round table organized at the end of March by the Ministry of Transport also sought to identify sector companies likely to make other offers of reassignment. "So do not dramatize this scenario," said Pierre Blayau. The unions, meanwhile, are not of that opinion. "What will the retail positions, what are the conditions of employment, which will be taken?" Worries Alain Delpuech. All have in mind the example of SeaFrance.

Nicolas Sarkozy wants to extend to "large local governments" the principle of non-replacement of retiring in two applied to the public. According to him, modulate state grants would be "very healthy" to encourage savings.

"We will extend" the policy of non-replacement of staff on two "large to local authorities, who have quite the ability to make the same effort as the state," said the president-candidate in an interview broadcast Tuesday on the magazine's website Actors public.

"This is a very important issue: since 2007, local authorities have created 100,000 jobs, while the state removed 160,000", he said no teletrek payday advance.

Nicolas Sarkozy, however, did not specify which communities that would be affected. Communities that employ the most staff are the major cities, regions and departments.

"The larger communities, which represent two thirds of local expenditures, must make the same effort that the state and they have the opportunity to reorganize, to be more efficient in their ways," Nicolas Sarkozy has insisted.