Decidedly, this championship spares nothing to Olympique de Marseille. After a disappointing season sportingly (OM is currently 10th in the league), players of the club will play their final game next Sunday of the season against Sochaux with a misspelling in the back! That is the conclusion yesterday after the presentation of the shirt "Third" of the OEM Adidas club, created by singer Akhenaten – leader of the rap group IAM-1990s – and the Argentine sculptor Pablo Reinoso. A tunic dedicated to the European Cup with the distinction of being reversible: when you turn the black jersey, it turns orange.

"The grammatical rule is not obvious"

Orange, it is thus that the error happens. Worms designed by the rapper star of Marseille have a spelling mistake. They are found enrolled in upper back: "And our hearts are orange, as are the waves at sunset." But the word "orange" is not consistent when used as an adjective. This is the case here. This departure from the French language cover only one of three new models, and is invisible to a spectator from the stands. It must indeed look very closely intertwined worms to distinguish this "s" too. "We assume that fault, reacted Emmanuelle Gaye, spokeswoman for Adidas. This grammatical rule is not obvious and, I imagine, was not known to all French. "He added:" As in any international company, the production line is long between the designer and the head of product no credit check payday loans. We are looking where the error occurred. Most surprising is that the first prototypes did not include error. "

Already on sale

Still, this error is a problem, the shirts have already been sold in shops of the club. "From the moment the product is not defective, it remains for sale, says Emmanuelle Gaye. We are considering how to rectify the error. "At Adidas, an estimated" tens of thousands "tunics with the misspelling, knowing that the OM annually sells 400,000 jerseys

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Already mocked by fans for its color, away from the traditional blue and white Om, this shirt could thus see his popularity decline even further. What threatens the sales potential of these tunics. At 90 euros a basic version, some fans will likely require a perfect model. Unless an effect "collector", which would encourage them to rush on jerseys-like limited edition … "It is unclear what impact this will fault on our sales, concludes Emmanuelle Gaye. But the jersey is a favorite with players and supporters. "

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Ease the cost of a property purchase by cutting transfer taxes – that is to say, much of the Notary fees – the idea has appeal to future home buyers. All the charges amount to about 7% of the asset price, a substantial sum when money is tight. The proposal of Nicolas Sarkozy, candidate to succeed him in the presidential election, while interesting for buyers, however, could be very costly to local governments.

Almost 10 billion euros per year

Tax collectors, the Notaries pay back because the majority of the charges they levy for counties and municipalities. "Whenever there is change of ownership of a property, solicitors receive 5.09% of the price in respect of registration fees. Beneficiaries are 3.80% for the department and the municipality where the property is located to 1.20%, "says Benoit Renaud, president of the Council of Notaries (CSN). The remainder is not covered by the proposal of Nicolas Sarkozy, returned to the notary.

The latest figures available from the Department of the Interior, these taxes generated 7.1 billion euros in 2010 to the departments. That of Paris, for example, received more than 668.5 million euros thanks to these taxes, the Alpes-Maritimes nearly 290 million euros, the Rhone € 227.5 million. As a department of Lozere, where the pace of transactions is much lower still reached 3.6 million of these transfer taxes. Municipalities have their side earned 2.2 billion euros. For 2011, revenues for the departments is estimated at 8.6 billion euros and 2.5 billion euros to the communes. "These amounts are far from harmless, some budgets of departments and municipalities depend on it. In 2008, with the crisis and the sharp slowdown in sales, there were large budget cuts, "says the president of the CSN.

Differential rates

In February 2011, solicitors had participated in a discussion on this subject at the time of manufacture of the supplementary budget. "We said that at present, taxes and holding back the acquisition we had proposed to make the transfer tax deductible from income taxes for 5 years. There would be no impact to the local community, "said Benoit Renaud. Alternatively, notaries also offer differentiated sales to private commercial sales professionals who can deduct them transfer taxes. "There are twenty years we had different rates: 13 to 18% for commercial property and 7% for homes. Today everyone is 5% that is not necessarily a good idea. It would for example reduce the cost of 5 to 3% for individuals and grow to 8% for commercial buildings, "says the president of the CSN. Options, for now, not selected.

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The savings are worth more little and rental property remains the safe haven of many French. They hope to build a heritage and (rents repay the loan), or to obtain additional income for their old age. However, with soaring prices of the stone over the last decade, the profitability of real estate has waned. Because rents have not followed the same inflationary pressures. They grew more or less the same rate as household incomes. Between 1998 and 2012, rents (excluding fees) charged to the relocation of an existing dwelling, have increased by 2.6% per year, according to the observatory rents Clamor. And only 1.2% in the nine. Result, in ten years, the annual return of real estate rose by an average of 6.5% to 4% before tax. And much less after taxes. Because rents are among the highest taxed income. When less than 15,000 euros gross, the investor benefits from an allowance of 30%. But beyond this amount, income is taxed at marginal tax rate of investors plus the payroll taxes of 15.5% in 2012. We must also consider the property tax, which has risen sharply over the past five years according to the National Union of Real Property (UNPI).

More marked fall in the Ile-de-France

The fall in rental income is more pronounced in the Ile-de-France where prices of stone flew from the late 1990s. The evolution of the current yield (calculated by dividing the purchase price of property by the rent less the cost of management), makes clear. Whereas in 1999 the rental investment from 10.4% reported gross in Seine-Saint-Denis in Paris and 5.8% in 2009, investors could get better at 5.6% gross, this time in the Val d'Oise and 3.8% gross in the capital according to a study by the Institute of savings in housing and land (IEIF). Since 2009, the rental income has fallen further, especially in Paris where prices continued their mad ascent. The capital was, however, in recent years a good investment. "The overall performance (gain and efficiency) of investment in rental Paris was good compared to other financial investments," said Gilbert Emont, author of the study IEIF. "The price surge has allowed those who have sold their homes to reap substantial gains. These have significantly improved the performance of assets at current yield mediocre. "Yields were somewhat more resilient in the provinces. In 2009, the range was between 7.5 and 4.7% gross in large cities (against 9.4 to 6.2% in 1999). "But sometimes, high profitability is associated with a significant risk, including rental vacancies," said Eric Pompon, director of Meeschaert Estate Board. Investment in new via the Scellier remains interesting. It offers a tax reduction equal to 13% of the purchase price of the property in exchange for renting out for nine years. The rental yield is estimated at 4% on average through the tax savings (against 6% in 2011). "But be careful not to overpay good and be sure you can rent it by choosing a quality site," said Eric Pompon.Quel the mode of investment, small areas are rented more expensive per square meter that are larger and hence more profitable, even if tenants are more fickle, especially in the studios. Most of the rental demand elsewhere on the door of an apartment and one bedroom. "Although real estate is worth more than all the past, it remains more profitable than other investments and helps protect against inflation, not to mention the potential capital gain generated on the resale of property "says Eric Pompon.

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2 trillion dollars, 1.5 trillion euros. This is the amount of the invoice World crude this year, according to estimates by the International Energy Agency, if oil prices remain at their summits in the coming months. Warming relative to GDP, oil purchases could represent 3.4% against 3.1% in 2011.

In the EU alone, the cost would be $ 500 billion, $ 426 billion for the United States and 250 billion for China. The weakness of the euro against the dollar increases because the oil bill, dollar denominated, for Europe. From $ 1.49 last May, the European currency is now worth $ 1.33.

Last year, with a barrel to $ 125 on average $ 107 in London and New York, purchases of oil in the world have cost 1.8 trillion. In 2008, when the barrel reached a historical peak of 147 dollars, the bill had risen to 1.7 trillion.

The invoice record concerned the president of the U.S. central bank, Ben Bernanke. He said yesterday in a television interview to ABC News, that the surge in gasoline prices, largely due to soaring oil prices, was a "major problem" in the United States, while affirming she did not put "at risk the economic recovery" of the country. According to the American Association of motorists AAA, the average price of regular gasoline at the pump in the U.S. yesterday showed an increase of 5.7% on month and 8.8% year on year. In France, the price of fuel will record after record and a liter of unleaded 95 has exceeded the 2 euros in Paris.

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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).

With approximately 150 employees, W is hoping to attract a trendy clientele of artists, designers, models and other "b eautiful people", in Paris for business or pleasure. With 91 rooms including 20 suites from 36 to 70 square meters, it is a five-star rating. "Our average price will be between 400 and 450 euros (against 700 minimum in a palace, Ed), says Olivier Servat, its chief executive.We seek an occupancy rate of about 75% the first year. "

Jostling codes, "W is a laboratory of trends that will revolutionize the language of hospitality, he says. The idea is to have a head start. We are rather than Kate Moss Claudia Schiffer. " Thus, no hall to W, but a "living room", where do its check-in, but also a drink while listening to a DJ. The concierge service promises "Whenever Whatever" and the best places "hype" of the capital. If the decor is signed Rockwell Group, the hotel will offer either pool or spa. However it will organize regular "happenings" (fashion show …), against a backdrop of electronic music.

Starwood "under-represented in France"

The next Fashion Week in February, which attracts the who's who of fashion in Paris promises to be a key week for the hotel cheap pay day loans.The first W in Paris will be the 41st of the brand in the world and 5th in Europe (after Istanbul, Barcelona, ​​London and St. Petersburg).

It will also be the sixth facility in France from Starwood Hotels & Resorts, in addition to the Sheraton Roissy, Le Meridien Etoile Le Meridien Nice, The Westin Paris Vendome and the Prince of Wales, closed for renovations until fall 2012.

"We are under-represented in France, Flavio Bucciarelli admits, Regional Director, also head of the Meridien Etoile. But the good opportunities are few. "Since the opening of the Westin Paris Vendome in 2005, the chain had no hotel opened in France. In January, he lost the use of the Meridien Montparnasse, in favor of Accor, who renamed Pullman Paris Montparnasse.

"We focus on the Bric (Brazil, Russia, India, China), said Flavio Bucciarelli.In the next two years, China, with 150 hotels, will be our first countries to the United States. "All brands, Starwood Hotels & Resorts Announces 350 hotel projects under development in the world, the trend is to be less and less owner of the walls. Thus, while it operates since 2006 the Meridian Star (the largest business hotel in France, with 1021 rooms), he never owned. Its current owner, the company Starman, considering the walls to sell 350 million euros.

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This is a revolution in shopping habits. "We have completely changed the profile of the truck, said Christophe Rebours, founder of In process design agency that designed the new truck, manufactured by German Wanzl. It was necessary to facilitate purchases and allow customers to better organize their shopping in stores. We bet on the flexibility of use thanks to the bags and different spaces that can accommodate the volume of races. "Notches on the side let slip a broom, for example. Downstairs, the buyer may ask the TV screen or drink without having to break the back by lifting them above the truck … Customers will come with their bags (or those of its competitors Carrefour) or purchase on site ( around 0.60 euro).One in two of the brand are already being used for shopping.

With fixed rear wheels, the new truck that will be offered the choice alongside the old, is more manageable. Lighter, with less metal, it will also make less noise. For young children, being unable to sit inside the truck, they can stick to vertical handles designed for this purpose on each side.

Scanner Procurement

Finally, a shelf was intended to put the shopping list or a loyalty card. "One can imagine eventually having screens or more sophisticated information systems integrated or connected to the trolley smartphone customers," said Philippe Picaud. But new technologies are not absent from the new truck. "Mobi" offers buyers the ability to scan their own bar code their products via technology ScanLib.The buyer, who no longer out of her shopping cart at checkout, the range directly into the closet after returning home. 10% of purchases are ScanLib today at Carrefour.

The observation of teaching was simple. After fifty years of loyal service, the truck needed a serious facelift. Apart from the introduction of plastic in the last five years, he had hardly changed. "We became aware of the expectations and frustrations of users when we worked two years ago on the reinvention of the supermarket, says Philippe Picaud. The truck was old, it was not the object that clients were proud to use to shop in the 1960s, these new temples of consumption. "

Carrefour bets on the mass production of its new truck to absorb the extra cost of manufacturing (10%).The company has filed a patent to protect his invention. When the group is experiencing difficulties, particularly in France (40% of revenues), the arrival of these new trucks is welcome.

In unsheathed before its competitors, Carrefour offers a small facelift.

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Greece announced Sunday night that it would lack its budget deficit targets. The second Country Assistance Plan will be on the menu for more discussion this week: Monday, finance ministers of the euro area will meet in Luxembourg to 17 pm and Tuesday, those of the entire European Union.This will then be the turn of the Franco-German Nicolas Sarkozy said he expected to meet German Chancellor Angela Merkel "in the coming days in Germany" to discuss in particular "ways and means to accelerate economic integration the euro area ".

On the macroeconomic front, investors are waiting for the car registrations for the month of September, around 9:45, the manufacturing PMI for the month. In the U.S., the ISM manufacturing index will be released in 16 hours, Paris time.

In this context, oil prices have opened lower. A barrel of "light sweet crude" for November delivery lost 50 cents to 78.70 dollars in early electronic trading.A barrel of Brent North Sea crude for November delivery gave up 77 cents to 101.99 dollars.

As for currencies, the euro lost ground and is worth 1.3315 dollars and 102.6 yen, against more than 104 yen in the middle of last week.

Steria wins contract public

Axa

The first offers for Axa Privaty Equity (AXA PE), the division of equity sold by Axa, must be filed early next week, according to sources familiar with the matter low interest rate personal loans.

Renault-Nissan

The group announced Saturday the construction of a new plant in Brazil and the expansion of another existing site to boost its presence in the fourth global automotive market.

France Telecom

European Commissioner Neelie Kroes digital strategy is expected to announce on Monday that the EU wants to reduce the revenue that incumbents derive copper telecommunications networks to boost investment in fiber optics.

Air France-KLM

Alexander Juniac could take the management of Air France in January in favor of a reorganization of the Air France KLM with Pierre-Henri Gourgeon retain the reins, according to La Tribune published on Monday.

Steria

The computer services company was awarded a public contract with the French Ministry of Budget, Public Accounts, the Civil Service and State Reform, to ensure the implementation of the Information System (HRIS) to several departments that will ultimately pay more than 3 million employees of state.

Hermes

The group currently finds no sign of spending restraint to its customers despite a darkening economic outlook, said Sunday the manager of the French luxury group on the fringes of Paris Fashion Week.

Carmat

The designer of the total artificial heart on Monday announced that preclinical data will be presented at the 25th Annual Congress of the European Association for Cardiothoracic Surgery in Lisbon on October 4.

In every European bank, customers benefit because in case of bankruptcy of a guarantee on their deposits: checking account, savings plans, deposit accounts, or bank books (excluding Livret A, guaranteed by the state).But it is capped at 100,000 euros per person.

In France, it is provided by the Guarantee Fund deposits, which now has … two billion euros. Obviously too small a sum to compensate customers of a major bank. "The fund is one of the best capitalized in Europe. And he may at any time raise additional capital or borrow from banks, "says Thierry Dissaux, CEO of the Guarantee Fund deposits. In practice, its mission is primarily to avoid the worst, by participating in the rescue of troubled institutions before it is too late.

Life insurance affected?

And it is ultimately the more reassuring for the French: none imagine that the state gives up a large bank. The debate, which opened this weekend on the assumption of a partial nationalization in point.Some investors wonder, them, especially the fate of their contract of life insurance. Although insurers claim to have little Greek bonds, a default of Athens served diminish returns to investors. Yields as affected by the collapse of the Exchange.

Insurers also hold, in proportions much larger government borrowing Italian or Spanish. If concerned about this exposure to sovereign debt, and disappointed by the declining returns of their investment favorite, the French withdrew their money en masse, insurers could be forced to sell their assets at the worst time. "We're not there. Withdrawals from the contracts increases for two years, partly because the holders of life insurance age and draw on their savings to finance their retirement, "said Chistophe Eberle, President Optimind, actuarial consulting firm.But insurers still manage the risk. "In 2008, the drying up of liquidity in the markets had led to withdrawals from the contracts. In our funds in euros, so we decided to keep cash in the interests served by our bond portfolios, to be ready to face any withdrawals, "says Sonia Fendler, General Heritage.

The subsidiary of the Bouygues group has indeed provided a strong rebound in net income increased 60% in first half year on year, to 118.6 million euros.As for further cost reductions, the television group posted a net increase in operating income over one year, 78.6% to 186.5 million euros. The cost of the grid of the TF1 channel has in fact declined by 482.6 million euros to 423.6 million. Good performance hailed by investors since the title was climbing at about 11 am to 6.80% to 13.59 euros, the largest increase in the SBF 120. One of its main competitors, M6, which must also publish its results on Tuesday but after-hours trading, climbing from 0.77% to 15.74 euros. Meanwhile, the Cac 40 was down 0.57%.

This policy of cost reductions initiated since 2008 had been welcomed on Friday by the U.S. rating agency, Standard & Poor's, which had raised a notch note of the group, believing that these savings would result in a better rentatibilité online payday loans.The TF1 group has recorded a marked improvement in its operating margin, which has doubled in a year to reach 18.8%. "These statistics confirm, quarter after quarter, the effectiveness of measures taken to change positively the economic model of the group" welcomed the television group, which has however avoided giving details of its profitability target medium term.

Advertising revenue, "no particular concern" (Paolini)

In contrast, sales of the TF1 Group, which owns the Eurosport channel, TMC or LCI, fell slightly from 0.5% to about 1.3 billion euros. "Unlike last year, TF1 did not broadcast major sporting events (like World Cup soccer)," the statement said.Before the analysts, Nonce Paolini said he did not have "specific concerns" about the evolution of advertising revenue. The group is pleased to return to growth in advertising revenues in the second quarter (+0.7%) after a decline of 2.6% over the first three months of the year. Of all the activities, the advertising revenue shows an increase of 4.7% to 905.2 million euros. "The group remains more than ever mobilized to consolidate its leading position in the field of information and entertainment on the TV market and / or free," says TF1.

This slight decline in sales, however, makes the television group cautious about the stability of the whole of 2011. It evokes a persistent lack of visibility on the changing conditions.