For two years, confidence in the Italian government has been falling as steadily deteriorating relationship with the political world."Concerned about a financial crisis, two-thirds of Italians believe that the worst is to come, distressed by unemployment and social welfare in a period of greater vulnerability, they felt that no one took him round the waist problems, do not even recognize the existence, says Nando Pagnoncelli, director of Ipsos. Neither the government and elected a parliament that does not debating the privacy of the Chairman, corruption and their internal battles. "Not only the Italians refuse to grant more confidence in Berlusconi but, having in head the failure of the Prodi team in 2008, after a year and a half of government, they can not believe that the Left in power would be able to govern.

For its part, EDF is less verbose but the electrician had lights in late September some 595,000 residential customers in the gas.In 2010, sales of natural gas to EDF to its end customers in the Hexagon were approximately 21.4 terawatt hours (TWh), representing a market share of 4%, all segments.

On the one hand, a gas operator that grows in power, on the other, an electrician who took off in the gas: in theory, liberalization of energy markets in France shows its dynamism, this except that this development benefits first and foremost the two companies formerly a monopoly – one in the gas, the other in power. However, on their original business, each ultradominatrice remains, as evidenced by the overwhelming majority of consumers who remain loyal to regulated tariffs.

Click on the thumbnail to enlarge the graphic.

"The situation is not very surprising, both groups have a great reputation with consumers, said Xavier Caitucoli, CEO of the alternative supplier Direct Energy. To fight against them, we start with ball feet. "This does not preclude ambitions: after taking control of the other independent Poweo – which will be operational in early 2012 – Direct Energy will build a portfolio of one million customers – residential and business – in the gas and electricity payday advance lender. It is thus the only real challenger of the two giants.

How to reverse this trend which EDF and GDF Suez are the big winners from liberalization? "A better understanding of the system is indispensable.Our barometer shows that only two out of three French know they can change their energy supplier, says Xavier Caitucoli is the same number that ignores the opportunity to return to regulated tariffs after having left them. "

One Bill Power

This lack of information goes a step further. According to studies of the Ombudsman and the National Energy Regulator, over a third of consumers believe that EDF and GDF Suez form a single company. Under these conditions, one can legitimately ask how many electricity customers GDF Suez know they have left EDF and vice versa for gas customers of EDF.

This confusion can be exploited during a move: the customer who has just moved called GDF Suez, for example asking for the commissioning of the gas and the adviser asks him if he wants a single gas and electricity bills.If he says yes, the consumer is unaware that he has an offer to purchase electricity at market prices on behalf of an alternative operator.

Although it has many tools available to the consumer, the National Energy Ombudsman is not legally competent on issues of contract formation. Anyway, this is not what will hinder virtually unchallenged domination of the two incumbents.

The reason: the reorganization of press titles Micro Hebdo and the personal computer with SVM, the key to a social 33 people and a dozen freelancers out of a total of nearly 180 employees. The 01 IT professional is not involved.

On October 8, on the basis of an expert report submitted on September 21, the works of Group 01 has sued the direction of NextRadioTV.He criticizes the proposed plan will not be economically justified and a number of procedural irregularities.

Writing a single

Alain Weill, who hoped that all 01 journalists would be "bimédias" October 1, will have to wait to see his vision become a reality. His will is to create an information system with 100% digital content declined across all available media, including smartphones and tablets.

His plan, quite radical plans to create a unique writing for the Web (01net) and Micro Hebdo weekly and monthly Personal computer The SVM. It would take items Micro Hebdo, embellished with some exclusive content.In addition to the elimination of 33 positions fixed, the project includes the internal redeployment of some twenty journalists should be trained in journalism Web sites to work on radios NextRadioTV (RMC, BFM …).

Group 01 may well be the undisputed leader in the computer press in France, with three quarters of the total distribution paid in the industry, according to the OJD, it remains the Achilles heel of NextRadioTV.

While radio and television are doing pretty well, Group 01 is the only division of the group sales fell last year from 36.4 million euros to 34.5 million. The activity was affected by the decrease of 21% of the distribution of paper securities. Mechanical reduction, with the disappearance of the title SVM which merged in the summer of 2010 with the individual computer. And structural decline in a market shaken violently by offering free online.The distribution of Micro Hebdo fell 13.2% in 2010.

Last August, Alain Weill explained to the BBC that at the end of the reorganization, half of the activity of NIM come from the digital and within two years this proportion would increase to two thirds. A negotiation meeting was scheduled for Monday afternoon yesterday between management and staff representatives. These were especially present against proposals.

On the commercial, the brand has benefited from the generosity of telecom operators no fax cash loans.While the iPhone 4S is priced starting at 629 EUR without subscription, SFR proposed to 129 euros with a subscription. The offer was so successful that he is out for the operator. In the U.S., the iPhone 4S is available from $ 199, with a subscription Wi-Fi in three operators.

It is also difficult not to link the commercial success the emotion aroused ten days ago by the death of Steve Jobs, the founder of Apple. Testimonials from fans vowing to take their phone to replace it with an iPhone 4S in honor of its inventor had multiplied. They probably kept his word. He had never sold as many copies of an electronic device in such a short time.

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The fears of a contagion of debt throughout the euro area after exacerbated to "A/A-1" against "A + / A-1 +" in the night of Monday to Tuesday by Standard & Poor's. The rating agency also maintained a negative outlook on the evolution of the Italian economy and fears of political uncertainty. For the record, the Berlusconi government faces a debt of 1.9 trillion euros, or 120% of its annual GDP.An austerity plan has been adopted by Rome last week, providing 59.8 billion euros in savings with the objective of bringing the budget to balance in 2013. But for now, markets are not convinced.

As for adding fuel to the fire, the prospect of ending the crisis drags on in Greece. The conference call scheduled for Monday between between the Greek Finance Minister Evangelos Venizelos and the three leaders of the troika of the creditors of Greece, which gave birth to a mouse. The meeting, which aimed to reassure the ability of Greece to meet its commitments on reducing deficits, and has resulted in "no official announcement." And, after being delayed, as was held in the evening, while deny was originally scheduled for early afternoon.These evasions have nothing to reassure the markets, waiting for the release of the next tranche of Athens international loan of 8 billion euros by the end of critical October to break the impasse.

Barack Obama raises his voice

Instead, a new conference of the same type to take place on Tuesday, said the European Commission in a statement. To this must be added the possibility of an outflow of the euro of Athens as the Greek daily Kathimerini, the Greek government would consider holding a referendum on the continuation of the European currency. To summarize the current concern, Pedro Passos Coelho, Portugal's prime minister, warned in our columns that "if Greece dark, the whole European Union is at risk."

At the European gloom, in addition to lingering fears across the Atlantic, where Barack Obama announced a plan to further reduce the deficit of 3000 billion on Monday, financed half by tax increases for the rich, did not produce any relief. While demonstrating in front of shocked Wall Street against the "greed" of banks, including the U.S. president called the easiest to "pay their share," choosing not to extend beyond the end of 2012 the tax breaks granted to more off by the administration of his predecessor, Republican George W. Bush (800 billion dollars and would be recovered over ten years). "We can not afford these tax rates low for the rich.We can not help us while we are suffering large deficits, "he said.

A meeting of the Fed on rates

On the macroeconomic front, France, received orders worth in the industry in July will be released at noon Faxless payday loans.

In Germany, the ZEW barometer of confidence the financial community is expected at 11:00.

United States, the housing starts in August will be announced at 14:30. And above all, a meeting of the Monetary Policy Committee of the Fed starts on Tuesday for two days. The U.S. central bank is expected to launch a program to exert downward pressure on interest rates over time. The announcement could calm the markets, especially as the Fed pledged to keep rates low until mid-2013 as a minimum.

On the foreign exchange market, the euro fell against the dollar Tuesday as investors fearing an extension of the debt crisis in the eurozone. In the morning, the euro bought 1.3613 dollars against 1.3692 dollars the night before.

As for oil prices were mixed Tuesday morning in a market still concerned about the debt crisis in Europe after the fall of the note of Italy by Standard and Poor's. In early electronic trading, a barrel of "light sweet crude" for October delivery gave up five cents to 85.65 dollars per barrel of Brent North Sea crude for October delivery gained 48 cents to 109.62 dollars."The downgrade by Standard and Poor's has some worried the markets," said Nick Trevethan, commodities analyst at ANZ Research in Singapore.

Values ​​to follow

• Banking

Societe Generale, BNP Paribas and Credit Agricole were again under pressure. Standard & Poor's announced that it lowered a notch credit ratings long and short of unsolicited Italy, while maintaining a negative outlook.

• PPR

The Group confirmed the abandonment of the auction held to sell Redcats, a subsidiary of distance, a failure that demonstrates the negative impact the financial crisis on mergers and acquisitions transactions.

• Carrefour

The retailer plans to open within a year a luxury supermarket Place de la Madeleine in Paris (8th arrondissement) of 3500 square meters, La Tribune said Tuesday.The group distribution was confirmed to AFP on the eve "the existence of a project in the district of Madeleine," without specifying the content, however.

• Total

The oil company is seeking buyers for assets it holds on the British part of the North Sea without being involved in the operations, says Bloomberg. The value of these assets could reach 575 million euros. Total plans to invest in contrast to other sites in the North Sea.

• Zodiac Aerospace

The group released an annual turnover in growth and reiterated its goal of profitability for the year, thanks to the resumption of the aviation industry.

• ADP

The company announced that traffic was up 1.4% in August compared to the same month last year, 6.1%.

• Manitou

The group announced Monday to be ahead of at least six months of its turnaround plan after publishing financial results up sharply in the first half of 2011.

More limited carrying capacity

Estimates of the study Mastercard "Report on the economic impact of Rugby World: 2011 World Cup," the economic activity generated by the event is expected to reach $ 654 million (479 million), 18 % less than the 2007 edition in France. Main reason: the carrying capacity, especially in the stages are not the same. In New Zealand, the largest chamber (the Eden Park in Auckland) can accommodate 60,000 rugby fans. This figure drops to 40,000 for the second largest stadium. In total, only five of the twelve speakers in the competition beyond the 30,000 seats. In France in 2007, all exceeded the 32,000 seats.Enough to blow up the number of tickets sold in the Hexagon at 2.25 million, against 1.35 million sold in 2011 according to MasterCard. Next visitors, a double standard as well, since 95,000 fans are expected in the country of Blacks against more than 325,000 in 2007.

Overall, the economic impact of the sixth edition of Rugby World Cup in 2007 was estimated at 540 million euros, of which over 85% from the tourism (spending by spectators, lodging, drinks, souvenirs …). A record that does not beat New Zealand in terms of direct benefits. It remains to know the net financial gain from the competition.Those of this edition will not be known precisely until a few weeks, but we know already that they will be affected by 550 million euros spent on building or renovating stadiums, where France had limited its expenses (most stadiums were renovated for the World Cup soccer in 1998). The catastrophe of Christchurch should also weigh on the accounts. In 2007, net income of the competition had reached about 113 million euros, while New Zealand could lose money on this event.

The hearing will be at the rendezvous

The only consolation for the organizers of New Zealand against the semi-economic success: the increasing popularity of the rugby world should not be questioned. About 4 billion viewers (cumulative audience) should follow the matches of the competition.Almost as much as 4 years ago (4.2 billion according to URS Finance and Economics and the International Rugby Board). More than 220 million euros in marketing and TV rights for the event have been sold by the IRB, against only 190 million for the French edition of 2007. The fact is that New Zealand will not see the color of money, revenue from TV rights and advertising contracts falling directly into the pocket of the Board, to fund the global development of rugby.

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The market for sports rights is held by three giants. IMG, the world, which weighs about 1.5 billion euros of turnover, is owned by Forstmann Little and the fund would be about to be sold. The world number two with Infront is 600 million euros in turnover with, the key, an estimated gross operating margin from 10% to 15%. It beats out number three, Sportfive, bought in 2006 by the Lagardère Group for 865 million euros.Sportfive is clearly slowing, and in 2010, its activity dropped by 23% to 396 million euros.

"Infront's activity is divided into four more or less equivalent. Football with the rights of the German, Italian League (Lega Calcio) and the rights of big clubs like AC Milan, Schalke 04 and Werder Bremen. Then there are winter sports, such as [events of] the International Ski Federation, or [of] the International Federation of ice hockey. And summer sports such as volleyball, handball and basketball in China. Finally, Infront carries the audiovisual production of major events in human as well as World Cup football and the championship of France Ligue 1, "said Robert Xavier, a partner at Bridgepoint in Paris guaranteed approval cash loans.

For an investment fund, Infront has some nice features.About 80% of its turnover is earned from January 1 and the rate of renewal of contracts with rights holders to 90%. In addition, the fund has this job because it has the past five years the Spanish company Dorna, which manages the Grand Prix motorcycle.

Disintermediation

The global market for sports rights is estimated at $ 121 billion in 2011 and that of media rights and sponsorship is $ 56 billion. If the market is still growing at a rate of 4 to 5% a year, it faces a disintermediation. "The leading licensors such as UEFA, FIFA, the International Olympic Committee have the means to directly sell their rights," says Robert Xavier.

However, Bridgepoint estimates that there are significant growth drivers for Infront. Geographically first.Very presence in Europe and Asia, Infront has yet to conquer Great Britain and South America, a continent with very dynamic football World Cup 2014 and Olympics 2016 in Brazil.

The progressive development of human-related internet sports is another area of ​​growth. Finally, Bridgepoint does not hide that he may run when the throw-in sports rights held by Sportfive far as the African Cup of Nations.

The assets of the SME, based in Paris and Hong Kong are located in Indonesia. "A portfolio of seven fields at the moment, too focused to be operated directly by large heat but the quality allows us to sell under the right conditions for electricians Chinese," said Michele Assouline. Because even if China is by far the largest producer of coal, the country does not hesitate to import.Among other benefits, the deposits in Indonesia are mostly open, so quickly exploited. Given the pace of production – 150,000 tonnes per month and double by the end of 2011 – Sparkling Commodities has visibility over several years.

Partner search

Although located in a niche market, its ambitious targets – it aims in particular the Indian market – fueling the search for partners. Contacts were established with a great actor, an association that could serve as a prerequisite for market introduction Same day payday loans. Unless the SME opts directly to the Exchange. Michele Assouline appears more confident about the future of the disaster Sparkling Commodities Fukushima reiterated the importance of coal. "Nuclear power will not go away, but between, at least in a period of uncertainty.For its part, the gas having problems routing, with heavy infrastructure to implement. Finally, the intermittent nature of renewable energy requires the support of fired by fossil fuels, "said she. There remains the thorny issue of CO2 emissions. "The clean coal technology is moving very fast. Everyone is aware of environmental constraints: the Chinese are no longer accepting ore from which the sulfur content exceeds 1%, "says she.

Michele Assouline regret that Indonesia attracts so few French investors, "despite a stable policy environment and opportunities in many sectors."This fall, she plans to also in his capacity as Vice President of MEDEF Paris to organize an event focused on that country.

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Greenpeace officials, who estimate that 5.20 euros per tonne the cost of this energy source on the health of the Chinese, have swallowed their breakfast "organic" by browsing through a US-Finnish study play down the impact of coal on the environment. According to Professor Kaufmann of Boston University, the sulfur released by 1400 the country's thermal power blocks sunlight personal loans for people with bad credit. Between 2003 and 2007, sulfur offset the increase in the concentration of carbon dioxide.

The researcher points out that the installation of scrubbers in 2009 and 2010 in the coal coincides with a rise in temperatures.Increase already noticeable in the 1970s when the West began to fight against acid rain. The trend is not expected to diminish as the Middle Kingdom takes 70% of its energy from coal. Charles Gautier

Appointed by the Minister of the digital economy, Eric Besson, find alternatives, the National Council of the digital (CNN) presented its first proposals. Among them: the creation in Europe, a status of "virtual institution stable" that would take into account the ongoing revenue generated in France by international actors to calculate the tax on corporations.

"We did not invent this status, it is envisaged by tax professionals in several European countries for some time now," said Gilles Babinet, president of CNN.It will then be at Bercy and Europe to implement any such project.

The National Council also wishes to digital "discussion" on a "royalty on the use of Internet networks to help finance infrastructure." Far from wanting to bury the net neutrality by forcing users to pay more to enjoy bandwidth-intensive services, it would consider the establishment of such a fee "based on the volume of transported data, regardless the nature of the data. " The recent report on Net Neutrality Laura and Corinne of Raudière Erhel contemplated thereby regulating tariffs between platform vendors and telecom operators.