This estimate was released Wednesday by the Institute for Research and Documentation in Health Economics (Irdes).Of course it raises a question of quality of care (from 5.3 to 7.1 adverse events "serious" occur for 1000 hospital days, showed a previous survey). But it also points a real financial issue: according to Irdes, "the total cost of ownership of these adverse events is estimated at 700 million" a year. Compared to 460 million deficit in public hospitals in 2010.

The average additional cost is 500 euros for birth trauma, often resulting in lighter and less than one additional day of hospitalization, and 20,000 euros for sepsis (18.5 days).

The head of the Italian Government is committed to the adoption by Parliament before Nov. 15 its plan to revive growth, the first stage at least. The measures were approved Wednesday by the Cabinet. Among the main liberalization of regulated professions and local public services, commitment to gradually raise the retirement age to 67, administrative simplification, auction of 15 billion euros in property assets of the state in three years.

This plan is in addition to 54 billion budget savings passed in September to restore public finances to balance by 2013, when the deficit reached 3.9% this year.

The first event will be played next week in the Senate.Silvio Berlusconi to seek the confidence for his government. He should get it easily, with a large enough majority in the House. In the process, he will present the text for final approval in the House of Deputies. It will be a different story. On October 15, on another vote, there was obtained the confidence by 316 votes against 301. But since his majority has disintegrated. Six deputies Wednesday, two more have defected Friday. "They will return to their positions," said Silvio Berlusconi in Cannes Friday.

Days numbered for the government

A release is actually unlikely. For four days, the Head of State Giorgio Napolitano multiplies the consultations, calling on all political forces, including opposition to "assume their responsibilities in Europe."

The full team of the French version of the Huffington Post should be presented soon. Arianna Huffington, founder of the site and managing editor of AOL-Huffington Post media group, said on October 10 in the columns of the World want to "start small, with a team of eight people. We will increase the size when the site becomes profitable. "The editor like the rest of the team were now being recruited. The host of M6, Marc-Olivier Fogiel, was closely associated with the project.

The Huffington Post hopes to capitalize on the French hearing Post.fr, collaborative website of the World in financial difficulties. Result of an agreement between Le Monde, AOL Huffington Post Media Group and the New Independent Publishing, the holding company of Matthew Pigasse, the site work well in full for the presidential election. The popularity of Anne Sinclair, remained intact despite the affair that has reduced her husband could help boost future audience of the site.

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The $ 108 billion euro responds to both a technical and more political trade-offs. Technically, the European Banking Authority (EBA) has made his calculations on the assumption that banks will have eight months to meet the essential requirements of the new regulations – "Basel 3" – which formally enter into force that in 2019.Objective: that all institutions show a capital ratio of at least 9% of their assets. Specifically, compared to its previous simulations, EBA is considered as the most robust to estimate the amount of capital now available to banks and was more rigorous assessment of their risks, especially those of market activities, and above all, she valued at close to their market price sovereign debt they hold.

No details have yet been given official in this regard, but the write-offs adopted by the EBA would range from 8% for Italian bonds and 60% for Greek securities, to Ireland, Portugal and Spain .In contrast, gains were recorded in German and British debts, for example, who have for the time of the "flight to quality" that characterizes the movements of the market since early August. Which "limit the damage" on the final bill, particularly in relation to IMF estimates, which amounted to 200 billion euros needs area banks.

Restoring confidence

In fact, anything and everything has been said – by the EBA, the IMF, the various States or analysts – the "hole" facing the industry in Europe. Therefore difficult to separate numbers. Most, however, they will give confidence, and for this area of ​​the 100 billion seems appropriate. The goal is indeed to remove the doubts of the market about the ability of banks to the shock of the crisis. Take into account the devaluation of the debts of European countries in this regard was indispensable.But the operation "truth" of banks should not create new concerns about the ability of Europe to bail them out.

The general rule is certainly that financial institutions are themselves the solutions by reducing their balance sheet, affecting more profits to strengthen their capital rather than dividends or raising new money market or from large investors. But if these remedies do not pay the entire bill (in France, they should suffice), states, and ultimately the EFSF, will take over. This requires that the effort required to banks or to the extent of the means that Europe is ready to release for them.

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While U.S. sites already rustle costume ideas "Steve Jobs" to celebrate Halloween at the end of the month, fans use the black sweater to make a new homage to their icon. Over a thousand people were thus included in the "Black Turtleneck Friday."Organized on Facebook, the event encouraged to wear during the day Friday, 14 October 1 black turtleneck sweater in the style of Steve Jobs.

St Croix sweaters out of stock

A registered acclaimed by Steve Jobs did not hesitate to use the windfall: St Croix Collections site TMZ said that sales of his black turtleneck sweaters have "increased by almost 100%" the day after death the co-founder of Apple. According to the leader of Knitcraft, parent company of St. Croix, quoted by the Washington Post, Steve Jobs bought two dozen of these sweaters every year. Today, a victim of its success, the article, which is worth 175 dollars, even out of stock depending on the brand, which states that it accepts commands. The site of St Croix has pushed its home page for the occasion: a tribute to the co-founder of Apple, the brand announced that it pays 20 dollars to the fight against cancer for each sweater purchased.And states that it is even considering erecting a memorial to the former head of the Apple brand.

Steve Jobs was, however, another favorite brand, remained more discreet: Issey Miyake. This is indeed the creator of Japan that the CEO was asked to create a uniform for employees of Apple. In an official biography to be published at the end of the month, Steve Jobs tells that the idea came to him by visiting the Sony factory in Japan. Seduced by this unique garment that bound them employees of the firm, made to the American one hundred black shirts at Issey Miyake. But conflicts with the unanimous rejection of his entourage when he arrives in the United States. Do not worry, Steve Jobs will then adopt for himself the uniform, simple but effective way to make a characteristic gait.Just reward: it is now the single items are presented on the front stalls.

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This new performance-cons is also explained by the deterioration in sales in its hypermarkets in France, which account for over half of the turnover of the group. They had their billing drop 4.4% on a comparable basis and excluding petrol.Sales of food hypermarkets fell 2.6% on a comparable and those of non-food products fell by 9.6%. The group explained that it was the "first impact of its action plan," including fewer promotions.

Supermarket sales were down 0.2%, only reaching convenience formats to take their game with an increase of 4.3%.

Wrong signals in China

Lars Olofsson believes in particular that the economic downturn affects the "discretionary" spending, that is to say non-food consumer. Over the same period, however, Casino succeeded in limiting the decline in sales of its hypermarkets to 1.2%.These justifications therefore disappoint analysts: "We believe now that there is a risk to our forecast 2012 to be undermined," explain and those of RBS, still evoke a "low profile" and say to anticipate a decline of 17 % of 2011 operating income for the group.

The outlook is more pessimistic than the other markets of the distributor are also showing signs of slowing. In Western Europe, the trend remained negative with a decrease of 2.2% on a comparable basis. Most significant, China saw its sales fall by 2.1%. Carrefour said the downturn by "increasing pressure on consumption which impacts particularly on non-food sales." Only Latin America stays the course with revenues up 7.4% on a comparable basis.

At the Paris Bourse, the title of Carrefour unscrews 3.41% to 17.30 euros in a market up 0.31% to 9.30.

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In twelve years (1996-2008), Robert Louis-Deyfus, died in 2009 as a result of leukemia, at the head of a fortune estimated at more than 1 billion euros, had invested 200 million euros and the club has gleaned any major title. To prevent bursting of its heritage, Robert Louis Dreyfus before his death had created a foundation, in which were housed the 55% stake of the Louis-Dreyfus specializes in trading (shipping, energy, real estate …).The foundation distributes dividends to his wife and his three children and the prohibition to sell its shares for 99 years.

The position of MLD is "sound and consistent"

According to Le Parisien, the majority shareholder of the OM would be willing to accept a check for 120 million euros to give the club more than twice the amount spent by Qatari investors to redeem the PSG to Colony Capital payday advance lenders. However, the market value of the number of Didier Deschamps is estimated at about 149 million euros by the German reference site Transfermarkt. In comparison, the PSG reaches 190 million and that of the OL is around 157 million. "The intervention of Margarita Louis-Dreyfus is sound and consistent with the economic situation of the club and with the requirements of UEFA on the financial balance of the teams, said Didier Primault, an economist at the Center for Law and Economics of Sport .If leaders want to keep it OM, they must adapt their strategy to the financial resources allocated to them. They should be aware that in the medium term, they can not compete with the big European clubs. "

Manage the assets of his children

For Vincent Chaudel, given the strategy of the main shareholder of the OM, selling more than a dry club, the solution is rather a gradual opening of the capital. "Margarita Louis-Dreyfus is a view of wealth management of his children, he says. She has no interest in rushing. " If the majority shareholder of the OM does not drag on to Marseille, it will be no less attentive to the profile of the potential buyer. The club has in fact not forgotten the episode "Kachkar," the name of this Canadian investor who in 2007 announced plans to buy the club for 115 million euros and which ultimately proved to be a scammer.

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For over a year since employees bought the complex in 2008 by the American group at Shell are worried about the survival of their institution on the banks of the Etang de Berre, a center of petrochemical refineries with four French.In May, they had hope again, the company announced it was selling its refinery in which "the extent of losses (…) was no longer sustainable." She had mandated Barclays Capital to find buyers. Soon after, the government had instructed the French agency for international investment to assist. But if the AFII continues to seek a candidate, LyondellBasell would have thrown in the towel.

"Berre refinery is old and of modest size with an output of 5 million tonnes against a national average of 7 absolutely free credit score.5 million, says Jean-Louis Schilansky, president of the Ufip. However, gross margin refining fell to 13 euros per tonne, a level close to that of 2009, when the French refineries had recorded nearly $ 1 billion in losses. "

But, said a council employee, the decision to close seems taken since last spring.Otherwise, why ask in June, the commercial court to appoint an ad hoc agent for the Company's petrochemical Berre covering all employees of the site but not the assets and accused of heavy losses, forcing them to recapitalize before end of the year?

General Assembly

Employees do not agree with the diagnosis of their direction. A study by McKinsey, commissioned as part of a right to notify, concluded that "the next five years, the site is profitable as a whole, integrating the refinery."

So they want the company to reconsider its position and keep the refinery or offer to sell the entire site has been designed on a model built around the refinery.The inter-union (CGT, CFDT, CFE-CGC, FOR, CFTC) will hold a general meeting Tuesday at the end of the works council at the entrance of the petrochemical complex, "to decide on a large-scale strike if announcement is confirmed. "

"Valuing WebOS"

Meg Whitman. Photo credits: © Mario Anzuoni / Reuters / Reuters