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.

Furthermore, fears persist on the front of sovereign debt, both in Europe and the United States. President Barack Obama, who still can not convince Republicans to vote on raising the debt ceiling, set an ultimatum to Congress. For their part, European heads of state should meet on Thursday for an extraordinary summit crucial to the future of the euro.

Hong Kong stands firm

In Hong Kong, the Hang Seng was up 0.20% at 21,919 points while the Shanghai Composite was down 0.11% to 2817 points.In Hong Kong, the energy sector is up just like CNOOC (1.57%) and China Shenhua Energy (1.06%). The financial sector also takes up the coast. Bank of China up 0.85%.

The Korean Kospi lost 0.66%, dragged down by exporters such as Samsung values ​​(-1.7%) and Hyundai Motor (-1.3%).

In Australia, the S & P is stable on its side to -0.04%. The market still reacts negatively to the announcement last week, BHP Billiton (-1.30%) to buy the specialist in American shale gas Petrohawk Energy.The action leaves News Corp for its 5.15% to 14.01 dollars while the shock wave of tapping scandal in the media group of Rupert Murdoch has continued to spread Sunday with the arrest followed a few hours after the bail of the former director of its UK division Rebekah Brooks, and with the sensational resignation of the head of Scotland Yard.

Oil without direction

As for commodities, oil prices were without direction in Asian electronic trading, the resistance of European banks to test for resistance countering concerns about the U.S. economy, analysts said.

In morning trading, a barrel of "light sweet crude" for August delivery lost 9 cents to 97.15 dollars. That of Brent North Sea crude for September delivery took 22 cents to 117.48 dollars.

The president has once again called for the regulation of commodity markets, more and more permeable to capital markets via derivatives. "Volatility thrives on opacity of the market," he said, citing for example the lack of information about stocks or the identity of contractors on the derivatives markets.Ke Tang, a Chinese scholar who studied under the microscope the correlation of changes in several commodities, shares the French President. Investors who bet on indices comprised of a basket of raw materials have contributed to this financialization. Bart Chilton, the head of the CFTC, Constable American commodity markets, echoed the same direction. He recalled excessive volatility of certain markets: a recent drop in silver prices by 13% in twelve minutes, a 7% drop in the price of gas in fourteen seconds!

A range of measures

The priorities of the French presidency of the G20 do not, however, unanimously.David Penikett, president of the London market power ICE Futures, and Martin Abbott, chairman of the London Metal Exchange, Nicolas Sarkozy is wrong when he puts so much emphasis on speculation, without denying its existence. Fatih Birol, the influential chief economist of the International Energy Agency (IEA) also warned against the obsession with volatility high quality business cards. "I prefer a volatile oil prices at 70-80 dollars a course more stable at $ 120. The biggest problem is the price level. "For him as for many players, prices primarily reflect the changes in supply and demand."Five countries' condition the oil market, Birol likes to say:" China, China, China, India and the Middle East. "

Whatever the debates, the Commission is preparing an arsenal of measures by the end of the year, said Michel Barnier, Commissioner for the Internal Market. Among them, imposing a limit on the positions taken by traders, as it exists in theory the United States since 1936 where an investor can own more than 10% of a market. In this regard, the French president recalled the episode where a "financial actors" (the British fund Armajaro in July 2010) has purchased "substantially all contracts cocoa available on the market" and could "buy up 15% global stocks.Across the G20, Nicolas Sarkozy raised the plan to create a new information system on agricultural markets or, as regards the financial markets, a requirement for a minimum amount for each transaction. With the desire to bring consensus by the Cannes summit scheduled for November.

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However, Manchester would reap more money than its 2010-2011 season on Barcelona in the Champions League, whatever the outcome of the final. Indeed, the English club will pocket 55 million euros and 58.4 million if he loses if he wins the competition, while Barcelona will receive 45.5 million euros if it tilts to 49 million euros if required. "This reflects the fact that the allocations of the Champions League are distributed on sporting criteria but also on the size of the television broadcasting market. But the English market is far more important than the Spanish market, "says Bastien Drut. In addition, during the last eleven seasons, UM has won the UEFA as 315 million euros against 245 million to his opponent.Both clubs find themselves back to back then. Anyway, Barcelona and Manchester United amass a lot of money, but their business models are different.

Beware of "fair play" Financial

Until last December and signed a sponsorship contract with the Qatar Foundation (33 million euros per year), FC Barcelona was the only European club to have no sponsor on their jerseys. In contrast, Manchester United have managed, despite the loss of its main partner AIG experiencing financial difficulties, to replace U.S. insurer by the broker Aon for the same amount: 24 million euros. Roughly equivalent to the largest budget sponsorship of League 1, that of Olympique Lyonnais."With this large contract, FC Barcelona will increase his lead over Manchester in terms of turnover," added the economist.

Another disparity between the two clubs: the profile of their owners. FC Barcelona as Real Madrid, belongs to 175,000 "socios", those subscribers who each year pay an annual fee with Barca than 150 euros maximum. From his side, Manchester United was bought for 1.2 billion euros in 2005 by Malcolm Glazer, an American businessman. By acquiring the club, the Glazer family has a debt of more than 800 million euros, thanks to revenue to repay the club. The refinancing of debt, relied in part on bonds denominated in dollars, allows MU to begin to reduce the bill.Today, Manchester United's debt stands at 442 million euros against a little over $ 500 million for Barcelona.

If two clubs remain among the most powerful in Europe and indeed the world, an audit by Deloitte has revealed the extent of debt, including expenditures related to the transfer market and soaring wages.At two years of implementing the regulation on financial fair play which provides additional financial controls from UEFA if the debt exceeds 100% of revenues, "as one another, therefore further efforts rigor to achieve, "says Bastien Drut.

Barcelona-Manchester United, a match to 369 million euros

According to a study by a leading expert in sports economics, Simon Chadwick, on behalf of MasterCard, the total impact of the game are estimated at 369 million euros, 17.5 million more over revenue generated by the final of last year which was opposed in Madrid, Inter Milan to Bayern Munich.With the influx of 110,000 fans from both clubs, the City of London is expected to earn 52 million euros while the winner's city could benefit from a positive impact of 18 million.

But the impact is not confined to England and Spain by MasterCard study, which estimated 100 million impact for the entire European economy through retransmissions in bars, paris sports, etc.. On the old continent, but also in Latin America, knowing that twelve players in the region include the composition of both teams. In 2009, the same final Manchester United-FC Barcelona, ​​which took place in Rome had generated 310 million euros from 110 million impact for the winner and $ 45 million for the finalist.

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