Administration and finance

The Mexican Carlos Slim is the richest of the world

2010-03-25T04:22:00.001-07:00

The magazine Forbes presented the new list of the persons with major fortunes in the world at present. This richest year is the Mexican businessman Carlos Slim Helú with a fortune valued for 53.500 million dollars, according to saying ranking, of which this finance blog will refer next.

Already outstanding figure ranking of Forbes is headed, for the first time in his history, by a Latin American, according to the informed by the web site of BBC World.

It is a question of Carlos Slim Helú, native of Mexico, which is the person in charge of the company Mobile America, as he published Forbes.com. This businessman possesses a fortune valued for approximately 53.500 millions of dollars, according to the list of Forbes.

Secondly of the classification there is the North American William Gates III known popularly like Bill Gates, who is provided with a fortune near to 53.000 million dollars.

In the third, fourth and fifth place, they are located the American Warren Buffett (47.000 million dollars); the Indian Mukesh Ambani (29.000 million dollars); and also Indian Lakshmi Mittal (28.700 million dollars), respectively.

Of the sixth one to the tenth place of the list, they are the American Lawrence Ellison (28.000 million dollars); the Frenchman Bernard Arnault (27.500 million dollars); the Brazilian Eike Batista (27.000 million dollars); the Spanish Amancio Ortega (25.000 million dollars); and the German Karl Albrecht (with 23.500 million dollars).

Ingvar Kamprad and family (23.000 million dollars); Christy Walton and family (22.500 million dollars); Stefan Persson (22.400 million dollars); Li Ka-shing (21.000 million dollars) and Jim Walton (20.700 million dollars); they integrate the list of the number eleven to fifteen, respectively.

It is important to emphasize that, according to the official web site of Forbes, this is the third consecutive year in which the list is led by a different person. The founder of Microsoft, the North American Bill Gates, led in 2009; while the person in charge of Berkshire Hathaway, the North American Warren Buffet, was who headed in 2008.

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The music of Michael Jackson keeps on being a big business

2010-03-23T19:18:00.001-07:00

To more of nueves months of his death of the king of pop, Michael Jackson, his image and eternal voice keep on being an inexhaustible money source. In the last days, there was announced the signing of a millionaire musical contract linked to works of the deceased artist. According to EFE, it would be in the presence of one of the most valuable contracts of the history.

As in other opportunities, this finance blog will refer to another important topic linked to the world of the spectacle.

In this occasion, one will refer to the signing of a millionaire musical contract that takes as a protagonist the deceased king of pop, Michael Jackson, who died last June 25, 2009 to 50 years of age, and that although they have already happened nueves months still keeps on having validity and keeps on being a news in the world.

It is undoubted that, after his sudden decease, the Jackson image has achieved to invoice million and million of dollars. And this remains clear on having consulted a list of the company The Nielsen Company on whom he was the artist who sold more discs in the United States during the whole year 2009. The answer is so amazing as simple; not any more not less than the deceased king of pop.

And the profit keeps on increasing. Now it was known that there has been signed a millionaire musical contract that is linked to Jackson and his music. Signed by the record company Sony Music and the proprietors of the rights of the king of pop, this posthumous contract is valued for a sum that overcomes 200 million dollars and is composed by ten projects related to the figure of the already deceased North American artist, as he informed That the news agency EFE, which did to itself echo of informations of Los Angeles should Be Stolen by You.

Of course at the end of 2010 the fanatics of Michael Jackson might have in his hands a disc with songs still not gone out for the public light that include this millionaire contract, published EFE.

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Earthquake of Chile: damages for 30.000 million dollars

2010-03-18T13:04:00.001-07:00

It is not of surprising that the earthquake that it flogged some weeks ago departs from the territory of Chile it has left losses valued for several million dollars. According to words of recently elect president of Chile, Sebastián Piñera, the earthquake provoked damages near to 30.000 million dollars.

An earthquake affected last Saturday, the 27th of February to the territory of Chile causing numerous damages in several regions and provoking hundreds of deaths. The magnitude of this earthquake was 8,8 grades, even major than it struck almost two months ago Haiti.

Next, and since it could not be otherwise, this finance blog will allude to this important topic as regards the millionaire losses caused by the earthquake that it affected to several regions of the South American country.

The elect president of Chile, Sebastián Piñera, in functions from the last Thursday, the 11th of March, announced that the damages caused by the earthquake amount to 30.000 million dollars, as informed the news agency EFE, which added that the recovery of the country will be done across, for example, savings funds of the development of copper and external credits.

Between other things, the president Piñera affirmed that the reconstruction of the country is a task that is going to be realized strongly and will, reported the official web site of Presidency of Chile, that he added that there will be created a plan of reconstruction and a fund for finance it.

As regards the reconstruction of Chile, it is important to add that, as it has already been mentioned in the same blog, the same one will delay between three and four years, according to words of the Chilean ex-president, Michelle Bachelet, gathered by the news agency AFP.

Days before there became public this number handled by the Chilean president, the web site Eqecat.com announced that the damages of the earthquake might cost between 3.000 to 8.000 million dollars to the insurers, as informed Reuters.

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Madrid and Barca to the conquest of Asia.

2010-03-17T22:44:00.001-07:00

The emergent markets in the point of view of the first two teams of soccer of the world as mark. The Manchester follows them in value mediático, but the position of two Spanish teams is solid and in growth.

For that the strategy is directed towards China, Japan and the Asian countries in general. The example is very clear, marked by the American teams, owners of the marketing and excellent teachers for the clubs of Spain. The big teams of basketball and beisball for example they have in his lines players of Asian origin that they move fanaticadas oriental.

According to the realized studies Messi is the soccer player more mediático of the world, although for many he it is Cristiano Ronaldo, but it is not too important, The Barcelona is in head in the world classification thanks to the previous brilliant period, with 6 qualifications. Real Madrid continues managing to be revaluing closely up to 70 % from the Florentine's arrival to the presidency and hire the best players of Europe.
The genius of the finance manages to change everything on having hired Christian, that supposed a fall in stung to the Manchester, and we do not speak about soccer, but business. The secret is not only in the T-shirts not merchandising, but in the television contracts and the sports rights. Over all the clubs of the sport king, is Real Madrid in the financial matter, last year the income of the white team jurisdiction 407 million Euros, while the Barca pocketed 380 million Euros.
The being leader mediático and to possess the biggest value of mark, a major success and commercial potential on a global scale. The Spanish will conquer Asia undoubtedly.

messi

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The usury and the position of the Catholic Church

2010-03-15T14:32:00.001-07:00

This finance blog will realize the second and last note about the usury. To close this interesting financial topic, in this occasion the journalistic article will center on two important items: the usury in the world and the position of the Catholic Church.

For giving a clear example on the usury, it would be interesting to emphasize the case of Uruguay, where this financial form is prohibited by the proper Constitution of the Republic, in whose article number 52, it expresses to itself: "Prohibit him the usury. It is of public order the law that indicates maximum limit to the interest of the loans. This one will determine the sorrow to apply the offenders to herself. Nobody will be able to be deprived of his freedom by debts”.

Likewise it happens in Uruguayan territory, his prohibition is usual in the whole world, even in the developed country.

Although in other epochs it was not very well seen that was receiving from himself interests in the given money, it is important to add at present the moderate interests agreed by the law of the different countries when credits and loans are granted, there are clearly an insurance for those persons or institutions that give capital to the persons.

The position of the Catholic Church

The Catholic Church questions the practice of the usury, as regards the excessive interests in financial deals. As regards this topic, and in the frame of a meeting carried out in full Square of San Pedro, Vatican City, the Pope Benedicto XVI called against the excessive interest and praised the big work realized by the Consultation Nazionale Antiusura.

In this occasion, the supreme pontiff asked the Italian State for a major regulation in this sense and that should rest all the persons who denounce the usury and, also, it urged to fight of effective form against this phenomenon that, according to words of Benedicto XVI, constitutes a “humiliating slavery”, published the news agency EFE.

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What is the usury

What is the usury

2010-03-12T11:42:00.001-08:00

Undoubtedly, the persons in some moment of his life have heard to speak about the usury, without understanding of course what his real meaning was. So that the reader finds out about this topic, this finance blog will realize a pair of articles to try to tell what the usury is.

In this opportunity, it will be a question of simplifying this topic so that the readership could have a clearer idea on what “the usury” is and how it is seen in the different sectors of the international community.

According to the definition of the dictionary of the Spanish Royal Academy, the term usury has a double appreciation. On the one hand, it is the “interest that takes in the money or the genre in the mutual contract or loans”. Although also RAE defines to usury like the “excessive interest in a loan”.

As regards the latter definition of RAE, the fact is that this note will center about the usury, an international practice that turns out to be much questioned by different sectors of the society and by the one that understands that it takes place when a person must pay an interest even major than the allowed one by the law.

Across the times, the usury concept have been condemned, prohibit, restrict and despised in the moral, ethical, religious and legal ambience, according to the web site HEnciclopedia.org.uy. It turns out that in other epochs it was a seen evil, rubbing the immoral thing, that was receiving interests from itself when capital was lending. On the contrary, it was understood that a person had to pay the same sum of money that was given him.

Now it has to center on two important items: the usury in the world and the position of the Catholic Church.

Likewise it happens in Uruguayan territory, his prohibition is usual in the whole world, even in the developed country.

The position of the Catholic Church

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The earthquake leaves million dollars of losses in Chile

2010-03-11T16:15:00.001-08:00

As it happened in territory of Haiti, the people of Chile is living through moments much complicated for happened almost two weeks ago when an earthquake of big magnitude flogged to the South American country. In this occasion, this finance blog will allude to this earthquake that it affected to several Chilean regions.

As everyone knows, an earthquake affected last Saturday, the 27th of February to the territory of Chile causing numerous damages in several regions and provoking hundreds of deaths. The magnitude of this earthquake was 8,8 grades, even major than it struck almost two months ago Haiti.

According to the informed for AFP, the reconstruction of Chile will last about between three and four year. This declaration there was realized for own president of the Andean country, Michelle Bachelet, who the others added that one will need financial aid of international organisms, as it can be the World Bank (BM), to achieve that Chile recovers of the earthquake.

As regards the BM, the international financial organism offered his support to the whole village of Chile. The president Robert B. Zoellick affirmed that the World Bank is ready to help to the Andean country as it did it with Haiti, informed the official web page of the organism.

According to informations of the web site Eqecat.com, of which the news agency Reuters did echo to itself, the earthquake will leave losses in territory of Chile, which might cost between 3.000 to 8.000 million dollars to the insurers.

Before finishing this journalistic article, it would be interesting to add that a few days ago realized a telethon to collect money to help the harmed ones by the earthquake of last February 27. So called “Chile helps Chile”, this television event relied on with the united presence of several local and foreign artists.

As published EFE, this event managed collected, in principle, about 56 million dollar, according to words of the recognized Chilean quizmaster Mario Luis Kreutzberger, known popularly like Don Francisco, who was the manager of leading the program “Chile it helps Chile”.

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The selection of soccer of Spain costs 565 million euros

2010-03-10T00:55:00.001-08:00

They are missing a few months so that there begins the World cup of Soccer of South Africa of 2010. From this finance blog, this important topic has talked each other across a series of journalistic articles linked to this big sports event that will begin in the next June. In this occasion, one will refer to the ranking of the costliest selections, according to the value of each one, which they will inform of the World cup.

The Spanish web site As.com alluded recently to a classification about the selections mundialistas of the costliest to the least costly. It is important to clarify that the values are in million euros and are dear numbers, bearing in mind the current prices of 25 players most used in each of 32 selections that will fight for rising with the valued glass of the world.

Saying ranking was realized some months ago for Futebolfinance.com, a Portuguese web page that specializes in the financial and economic area of the world of the soccer. As it is possible to analyze across the numbers spread by the web, the most expensive selection that will play the World cup of South Africa it is Spain, head of the series H, valued for 565 million euros.

For his part, the teams of New Zealand (Group F) and RDP of Korea (Group G) is least valued with 15 million euros each one.

It is important to add that seven of eight seeds fill the first vacancies of the classification, except the selection of South Africa, leader of the Group A (it occupies the above mentioned honor place for being the host of the tournament), who occupies the penultimate place of the list. Also it is necessary to emphasize that both France and Portugal last in his respective series, are posicionados in the first ten saying positions ranking.

As for the values of the ochos groups of the World cup, it is important to emphasize that the most valuable is the Group G, integrated by Brazil, RDP of Korea, Côte d'Ivoire and Portugal, which has a cost for 1.050 million euros. While the Group E the least costly are and a Group F with a price of 575 each one.

Next, this blog will publish the list to which one has alluded previously.

Spain (Group H): 565 million euros
Brazil (Group G): 515 million euros
France (Rump A): 450 million euros
England (Group C): 440 million euros
Italy (Group F): 400 million euros
Argentina (Group B): 390 million euros
Portugal (Group G): 340 million euros
Germany (Group D): 305 million euros
Holland (Group E): 280 million euros
Serbia (Group D): 185 million euros
Côte d'Ivoire (Group G): 180 million euros
Uruguay (Group A): 145 million euros
Cameroon (Group E): 140 million euros
Ghana (Group D), Nigeria (Group B) and Switzerland (Group H): 115 million euros c/u

Greece (Group B): 100 million euros
Mexico (Group A): 95 million euros
Paraguay (Group F): 90 million euros
Denmark (Group E) and Chile (Group H): 85 million euros c/u
Slovakia (Group F) and Japan (Group E): 70 million euros c/u
Algeria (Group C) and the United States (Group C): 55 million euros c/u
South Korea (Group B): 50 million euros
Slovenia (Group C) and Honduras (Group H): 45 million euros
Australia (Group D): 40 million euros
South Africa (Group A): 35 million euros
New Zealand (Group F) and RDP of Korea (Group G): 15 million euros

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The earthquake that flogged Haiti destroyed big part of his GDP

2010-03-05T17:36:00.001-08:00

To almost two months of happened the earthquake that it flogged to the territory of Haiti, there keeps on coming news about this part of the world. According to official announcements, the earthquake of last January 12 destroyed big part of the Gross national product (known also like GNP) of the Caribbean nation.

Since it is already of public knowledge, a terrible earthquake flogged last Tuesday, the 12th of January the cardinal city of Haiti, Port-au-Prince. The above mentioned earthquake left numerous ravages in the buildings of this country and caused thousands and thousands of human victims, as one has already reported across this finance blog.

To reconstruct this country, not only it is needed between 8.000 million dollars and 14.000 million dollars, as they informed from the Inter-American Bank of Development (BID), but it will be necessary to wait a good weather (at least ten years) so that the capital of Haiti stays in the same conditions in the one that was before the earthquake.

In the last hours, it was known that the earthquake that almost two months ago it affected to the Caribbean country, causing thousands of deaths and leaving million Haitians in the street, destroyed between 35 % and 50 % of the GNP of Haiti, he reported the web site Univision.com.

The above mentioned declarations were realized by the proper president of Haiti, René Préval, in the frame of the visit that the chief of Brazil, José Inácio Lula Da Silva, realized some days ago to the Caribbean country, and in which agreements were signed to help the Haitian people.

Before finishing, it would be good to tell what the GNP of a country is. As he informs the web site Wikipedia, in his version in Spanish, the Gross national product (GNP), also known as GDP (Gross Internal Product), is the entire monetary value of the current production of goods and services of a country during a period of time.

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Gates: 10.000 million dollars for vaccines

2010-02-28T17:13:00.001-08:00

Bill Gates and his wife Melinda Gates, across his well-known foundation, are always collaborating in many areas how, for example, with the advance of the medicine. Now they have announced that they will destine a sum of money that is about 10.000 million dollars for the creation and distribution of vaccines in ten years. Next, this finance blog will give more details of this interesting millionaire investment to try to keep on saving thousands and thousands of lives.

The Foundation Bill and Melinda Gates created by the founder of the exitosísima company Microsoft, the multimillionaire Bill Gates, keeps on contributing million dollars for the well-being of the world health.

Some weeks ago, it was known that the foundation of Bill Gates will realize an interesting millionaire donation for the vaccines making in the next ten years (until the year 2020). There will be approximately 10.000 million dollars those that Bill Gates and his wife Melinda will pay out, across his foundation.

According to the official web site of the Foundation Bill and Melinda Gates, this money will serve for the investigation, the development and the delivery of vaccines, what will allow to diminish greatly the world infant mortality valuation saving the life of 8 million children in a period of ten years.

This announcement was realized in the frame of the World Economic Forum, which was carried out from Wednesday, the 27th until Sunday, the 31st of January in the city of of Davos, Switzerland.

It is important to add that Bill Gates leads the ranking of the 400 richest persons of the United States that Forbes realizes the prestigious magazine.

Also, the millionaire occupies the place number ten of a ranking realized by the prestigious magazine Forbes who enumerates the 20 most powerful multimillionaires of the world at present. Let's remember that the above mentioned classification LP is led by the person in charge of the company Bloomberg, and current mayor of the city of New York, Michael Bloomberg.

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Uruguay will finance the act of assumption of the new president

2010-02-25T22:11:00.001-08:00

There will live through Uruguay next Monday on the 1st of March one of the most important democratic events: the assumption of a new president chosen by the vote of the citizenship. In this date, José “Pepe“ Mujica will be proclaimed officially the president of the Oriental Republic of the Uruguay, replacing to till now chief Tabaré Vázquez. How much will cost the official act in which the current Uruguayan president will deliver the presidential band to his successor?

At the end of last November of 2009, the Uruguayans should have voted to choose the new president of this country, which will be in the charge until the first day of March, 2015, when it has to deliver the presidential band to his successor.

In this balotage, there was disputing the presidential armchair the candidate of the Wide Front, José Mujica; and the candidate of the National Party, Luis Alberto Lacalle. For decision of most of the citizens, in this occasion victorious Mujica went out, as were announcing the surveys.

A few days stay so that Mujica turns officially into the new Uruguayan president. The fact is that on Monday on the 1st of March there will be realized the official act in which there will be proclaimed José Mujica known popularly like “Pepe“, like president of all the Uruguayans.

In the last hours, one spoke very much about how much it will cost the organization of this official act that, every five years, assembles thousands and thousands of persons who accompany the chief in his assumption.

How much will cost finally the official act of the Transmission of the Presidential Control? This democratic event will be financed by the Uruguayan State, which will have to pay 200.000 dollars out, he published the official web site of Presidency of the Republic of Uruguay.

This important number of money, which will go out of the arks of the State, will serve to finance, for example, the costs of the invitations, the transfers, the accommodations, the visitors' food expenses, as this way also the center of press for those national and foreign journalists who should cover journalistically this event, informed the web.

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How much will cost the reconstruction of Haiti?

2010-02-25T14:33:00.001-08:00

To more than one month of happened, they continue the aftereffects for the earthquake in Haiti that caused numerous ravages in the cardinal city of the country, Port-au-Prince, and it provoked the death of thousands and thousands of persons. Although it was already known that the reconstruction of the Caribbean nation would last something like ten years, till now had never been mentioned how much money would be needed to raise the foundations of Haiti. According to the BID, the recovery of this country might go so far as to cost between 8.000 million dollars and 14.000 million dollars.

The earthquake that it affected to the Haitian territory does not stop being a news, although it happened any more than one month ago (last January 12, 2010) and although the international press already does not pay the same attention that earlier.

In the last hours, the Inter-American Bank of Development (known like BID) announced the number of money estimated to the one that can promote the entire reconstruction of Haiti.

According to the BID, up to 14.000 million dollars it might go so far as to cost the reconstruction of the devastated country that, as one has already reported across this finance blog, it would be ready in approximately a decade, they informed the press means.

The BID thought that in Haiti there were damages of between 8.000 million dollars and 14.000 million dollars, reported the web site of the above mentioned international organism. Between other things, one believes that this earthquake is the most destructive natural disaster of the modern age, it expressed the web.

Between the numerous means of press that did to themselves echo of this important news, the prestigious news agency AFP was. The same one informed that to achieve the reconstruction of Haiti one will need many donations, in order to the necessary supreme money millionairess manages so that the Haitian people could return to his normal life.

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Aniston solidariza with Haiti

2010-02-12T02:12:00.001-08:00

They continue the echoes after the earthquake that flogged the capital of Haiti, Port-au-Prince, leaving numerous ravages in the buildings and provoking thousands of deaths and hurt. Although this earthquake happened it has been one month since and the international press already does not cover the disaster as earlier, fortunately the humanitarian aid still keeps on coming.

As there it were doing several famous persons of the whole world, the ex-protagonist of the exitosísima television series Friends, the North American actress Jennifer Aniston, also he wanted to join the united action of his companions and decided to help the victims of Haiti.

According to the news agency EFE, Aniston separated of his finance a sum of money near to 500.000 dollars to collaborate with the Caribbean country that, although it has already gone on one month from one of the worst earthquakes from his history, is still queriendo to go out forward (ten years his reconstruction will last).

With this important and disinterested donation, the actress joins a big number of famous persons, like actors, musicians and sportsmen, who have drunk it helps the Haitian people.

As it will be remembered, his ex-husband Brad Pitt also belonged to that there contributed his “granite of sand” for the recovery of the desvastada nation by means of two donations of a million dollars each one, across his foundations “Not On Our Watch” and “Jolie/Pitt Foundation“.

It is important to add that Jennifer Aniston is an actress that, after finished the series Friends (in 2004), could direct his career towards the big screen with big success. Last year can see it in the movies “Love Happens“ and “He's Just Not That Into You”; while soon it will release his last movie, “The Bounty Hunter”, in which he will share cartel with actor Gerard Butler.

As for his next cinematographic projects, it is possible to add that it has in folder the tapes “The Baster“, “The Goree Girls” and “Pretend Wife“, as he informs the web site Imdb.com.

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The crisis of the giant Toyota

2010-02-11T15:30:00.001-08:00

The self-propelled company Toyota is in the “eye of the hurricane” for a series of damages in several thousands of his motorcars already located on the market. If there will be complicated the moment through that the monster lives self-propelled that the proper President of the signature had to go out to apologize for the events. Next, this finance blog will give more details about the bad moment along which Toyota goes along and that threatens to cause millionaire losses.

In the middle of 2009, this blog was informing that the company Toyota was leading the category “motorcars“ of the last edition of Brandz Top 100 Most Valuable Global Brands, un ranking prepared by the company Millward Brown Optimor. That is to say that was considered to be the most powerful and successful mark (with a value of mark for 29.907 million dollars) in what self-propelled it refers to the sector.

But since not everything is always “a color of rose”, now Toyota happens for a moment complicated, since it will have to withdraw from the world market a whole of 437.000 units of his hybrid model Prius, according to the international press.

What is the reason of this decision of Toyota? The fact is that the company will check every Prius unit for a possible problem in the brakes, reported the news agency EFE, which he added that they must have realized reviews to eight million vehicles of Toyota. It is important to emphasize that this will cost several million dollars to the arks of self-propelled company.

A few days ago the president of Toyota, the Japanese Akio Toyoda, decided to realize a press conference to apologize for the caused problems.

Toyota has lost 30.000 million dollars, in actions, from the second January two weeks, he published the web site of the newspaper El Pais of Spain.

As regards this topic, and to finish this journalistic article, it is necessary to add that in the last hours the authorities of Toyota decided that they will not accept an important distinction that would be given him by the government of Japan, he reported the web site ElUniverso.com, that he gathered AP informations. The same one there would be related to the energy efficiency of his at present polemic hybrid model Prius, which should be had extracted of the market by serious problems in his brakes.

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The situation of Haiti also worries the BID

2010-02-06T02:17:00.001-08:00

One week ago carried out the International Economic Forum Latin America and Caribbean 2010. Although the meeting centred on the topic “Latin America after the thunderstorm: Stages post-crisis”, the moment most emphasized from the day was when one alluded to the serious situation through that one is living in Haiti.

Organized by the Inter-American Bank of Development (BID), last Monday, the 25th of January Latin America carried out the second edition of the International Economic Forum and Caribbean 2010. The same one was carried out during the whole day in the city of Paris, France.

This meeting served to discuss the most important economic topics and financiers linked to Latin America and the Caribbean Sea. The same one had like principal topic “Latin America after the thunderstorm: Stages post-crisis”.

Although the topics treated in the event were different, it was not possible to allow to spend for high the most serious situation through that the Haitian people lives, after the earthquake that last January 12 was on the numerous rampage in the city of Port-au-Prince and caused a big quantity of mortal victims.

The president of the Inter-American Bank of Development, Luis Alberto Moreno, was one of the leaders who, during his exhibition, spoke about this topic that worries to the entire world.

Between other things, the number one of the BID said that it is necessary to provide safety, feeding and refuge to the harmed ones by the earthquake, informed the web page of the international organism, who added that it is not a question only of contributing financial resources to the Caribbean country, but also technical assistance.

The leader emphasized the solidarity showed by the international community that managed to collect several million dollars to help the victims of the earthquake, published the web of the BID.

If you want to read more about this important event, deposit to the official web site of the International Economic Forum Latin America and Caribbean 2010 or it can consult the available special paragraph on the web page of the BID.

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President of the IMF: his vision on the economy of Asia

2010-02-05T18:25:00.001-08:00

Some weeks ago the Financial Forum of Asia was carried out in the city of Hong Kong. This important meeting was provided with the presence of out-standing world leaders like, for example, the director of the International Monetary Fund, Dominique Strauss-Kahn, who realized interesting declarations about financial topics of world nature how this way also linked to the Asian continent.

The director of the IMF, Dominique Strauss-Kahn, was one of the exhibitors during the last edition of the Financial Forum of Asia. With the motto “Asia in the New Economic Order” (“Asia in the New Economic Order”), it was carried out this event from Wednesday, the 20th until Thursday, the 21st of January in the city of Hong Kong.

In the frame of this important financial meeting, Strauss-Kahn realized interesting declarations as regards the international financial situation during 2010, in general, and on how it will be the economic one in the territory of Asia, in particular.

According to an official bulletin of the IMF, the Asian continent will be a modality of the international recovery after one of the worst financial and economic crises of last years, informed the web site of the international organism, that he added that in the later years his role will be even more important.

The leader of the IMF said, in the frame of the Financial Forum of Asia, that this is a good moment so that Asia helps to reorganize the international economic panorama after the crisis through that the world lived in the last months, he published the web.

According to the web site of the International Monetary Fund, for Strauss-Kahn “this might be a historical moment for Asia”, according to declarations spilled during his speech the meeting realized weeks ago in Asian territory.

As regards the world financial situation in 2010, the director of the IMF told that the present year will be crucial to begin to “to raise the look towards the horizon in longer term”, he informed the web. It is important to emphasize that in the last days the IMF published projections that indicate that one waits for a growth of approximately 4 % for 2010.

If he wants to read more about this topic, it can consult the bulletin of the IMF on his web page or enter to the web Asianfinancialforum.com.

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Bloomberg heads the list of more powerful millionaires

2010-02-04T08:53:00.001-08:00

The prestigious American magazine Forbes presented a new and interesting ranking linked to the world of the finance. The above mentioned classification centers in ennumerar the 20 most powerful multimillionaires of the world at present that, according to his web site, have a lot of money, industrial power and political skill to gain him a place in this classification. In this occasion, the list is headed by the person in charge of the company Bloomberg LP, and current mayor of the city of New York, Michael Bloomberg.

According to the ranking of the richest and powerful persons of the world, which it is possible to consult entirely on the web page Forbes.com, the wealthiest and powerful person of the actuality is the North American businessman Michael Bloomberg, person in charge of the prestigious company Bloomberg LP.

The Bloomberg fortune is valued for approximately 17.500 millions of dollars, reported Forbes across his web. It is important to add that this 67-year-old American businessman, is a mayor of New York from January, 2002.

It is important to emphasize that between the 20 most powerful multimillionaires of the world, there are two Latin Americans. In the above mentioned classification, they appear the Mexican businessman Carlos Slim Helú (in the 4th place); and recently elect president of Chile, Sebastián Piñera (in the position number 15).

Next, this finance blog will publish 20 names that integrate this Forbes's new classification.

01 - Michael Bloomberg (Bloomberg LP)
02 - Silvio Berlusconi (Prime minister of Italy)
03 - Vagit Alekperov (Lukoil)
04 - Carlos Slim Helú (Mobile America)
05 - Saad Hariri (Prime minister of the Lebanon)

06 - Warren Buffett (Berkshire Hathaway)
07 - Mukesh Ambani (Reliance Industries Limited)
08 - Li Ka-shing (Real property)
09 - Edward Johnson and Abigail Johnson (Fidelity Investments)
10 - Bill Gates (Microsoft)

11 - The family Walton (Wal-Mart)
12 - Lakshmi Mittal (ArcelorMittal)
13 - Sergey Brin and Larry Page (Google)
14 - Carl Icahn (Investments)
15 - Sebastián Piñera (elect President of Chile)

16 - Charles Koch and David Koch (Koch Industries)
17 - William Gross (Pimco)
18 - Steve Jobs (Apple)
19 - Rupert Murdoch (News Corp).
20 - Serge Dassault (Groupe Dassault / Senator of France)

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Bill Clinton spoke on Haiti in the World Economic Forum

2010-02-02T15:55:00.001-08:00

In these days there is developing a new edition of the World Economic Forum in the Swiss city of Davos. As always, this meeting stands out for the presence and the orations of important world leaders. One of them is the current special correspondent of the UNO for Haiti, Bill Clinton, who became present to give his vision about the serious situation through that the Caribbean nation is living.

In these moments there is developing a new edition of the important World Economic Forum (World Economic Forum). Realized in the city of Davos, Switzerland, this event gave beginning last Wednesday, the 27th and it will finish on Sunday, the 31st of January.

In this meeting varied topics will talk each other like, for example, the world growth after one of the most complicated crises of last decades, according to the informed for the official web site of the event.

But it is undoubted that what more stands out, for his importance and his proximity in the time, is the debate realized in this occasion on the problematic situation through that the inhabitants of Haiti live after the strong earthquake suffered more than two weeks ago.

Since it is already known, Haiti suffered last Tuesday, the 12th of January an earthquake of 7,0 grades of magnitude, which caused numerous ravages in the cardinal city of the country, Port-au-Prince, and provoked 150.000 deaths, according to numbers handled by the local government. According to the international press, the reconstruction of Haiti will take at least a decade.

As regards this topic, it is necessary to add that the ex-president of the United States, Bill Clinton, who officiates at present as special correspondent of the UNO for Haiti, became present in the last hours in the World Economic Forum to debate about the actuality of the Caribbean country and through what this earthquake is living to more two weeks of happened.

In this opportunity, Clinton requested that it keeps on helping Haiti and asked that an investment supported in this country should be realized, reported the web site of this important forum, which added that there will realize an alliance between the World Economic Forum, the World Initiative Clinton and the United Nations Organization with the target to help to the recovery of Haiti.

Before finishing this journalistic article, you can enter to the official web site of the World Economic Forum to be informed about the innovations that should be happen.

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The World Bank and the IMF also support Haiti

2010-01-29T23:25:00.001-08:00

They continue the aftereffects of the strong earthquake happened in Haiti, which left numerous ravages in the cardinal city of the Caribbean country and provoked thousands of dead persons. As regards this topic, the World Bank announced that there will be excused for five years the payment of the millionaire debt that supports the Caribbean country with the international financial organism.

To more than two weeks of the earthquake that destroyed part of the capital of Haiti, Port-au-Prince, the international community is still attentive to what happens in the Caribbean country. The humanitarian aid is coming to heaps to the nation through that last January 12 he lived some of the worst earthquakes of his history.

As regards this topic, it is important to emphasize that the World Bank has decided to exonerate Haiti of any payment related to the millionaire debt that this country supports with the international financial organism, for a period of five years. The same one amounts to 38 million dollars (without interests), according to a bulletin of the BM published in his official web site.

Also, this international financial organism will contribute 100 million dollars in additional donations, he informed the web of the BM. For his part, the International Monetary Fund also will contribute the same sum for Haiti, it spread the web of the IMF. It is necessary to clarify that the above mentioned donations are still subject to the approval of the authorities of the above mentioned financial organisms.

Two announcements of the BM, as this way also that of the IMF, happen in the frame of the terrible earthquake that flogged Haiti. The same ones think about how to help in the recovery of this country that, according to the international press, will take approximately approximately 10 years.

Before finishing this journalistic note, and as regards the topic of the earthquake of Haiti, it is important to add that Petrocaribe decided to excuse the millionaire debt that it supports with the devastated country, he reported the web site CNNExpansi¾n.com. Also it was known that Petrocaribe will keep on sending oil to the Caribbean nation.

This important announcement was realized by the proper president of the Republic Bolivariana of Venezuela, Hugo Chávez, in the frame of a meeting of the ALBA-TCP, he published the web site of the news agency Latin Press.

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Cinematographic defeats of last five years

2010-01-26T04:05:00.001-08:00

Since it is a custom, Forbes presented a new classification. In this occasion, the ranking includes the least popular movies of last five years led by recognized stars of the industry of the movies. The list of cinematographic defeats, in what it recounts to money gained worldwide, is headed by the movie “All the King's Men”.

Very much one has spoken about the records of collection achieved by “Incarnation“, tape directed by the Canadian James Cameron. On the verge of taking from him the title of “more popular movie of the history” to the tape “Titanic“ (of the same film maker), this movie there is already posicionado like the one that more it has collected on a global scale, while of course it turns into a little time in the one that more wins in the United States.

In the same way that there are successful movies, which gain several million dollars and recover the inverted thing, also they are of others. As regards this topic, Forbes published in his official web site an interesting ranking with the least popular movies of last five years, but without bearing in mind the income on the subject of television and DVD.

According to Forbes, the classification is led by the movie “All the King's Men” (2006), directed by Steven Zaillian and led by Sean Penn, Jude Law, Anthony Hopkins, Kate Winslet, Mark Ruffalo and James Gandolfini. The above mentioned tape cost 55 million dollars and collected 9 million dollars.

02) Movie "The Express" (2008). Directed by Gary Fleder and led by Dennis Quaid and Rob Brown. Cost: 40 million dollars. Collection: 10 million dollars.

03) Movie "Stay" (2005). Directed by Marc Forster and led by Ewan McGregor, Naomi Watts and Ryan Gosling. Cost: 30 million dollars. Collection: 8 million dollars.

04) Movie "Grindhouse" (2007). Double movie directed by Quentin Tarantino ("Death Proof) and Robert Rodríguez ("Planet Terror). Led by Kurt Russell, Rosario Dawson, Rose McGowan, Quentin Tarantino ("Death Proof); and Bruce Willis, Josh Brolin, Rose McGowan, Quentin Tarantino ("Planet Terror). Cost: 67 millions. Collection: 25 million dollars.

05) Movie “That Imagines” (2009). Directed by Karey Kirkpatrick and led by Eddie Murphy and Thomas Haden Church. Cost: 55 million dollars. Collection: 23 million dollars.

06) Movie "The Fountain" (2006). Directed by Darren Aronofsky and led by Hugh Jackman and Rachel Weisz. Cost: 35 million dollars. Collection: 16 million dollars.

07) Movie "The Invasion" (2007). Directed by Oliver Hirschbiegel and James McTeigue and led by Nicole Kidman and Daniel Craig. Cost: 80 million dollars. Collection: 40 million dollars.

08) Movie “The Assassination of Jesse James” (2007). Directed by Andrew Dominik and led by Brad Pitt and Casey Affleck. Cost: 30 million dollars. Collection: 15 million dollars.

09) Movie “Walk Hard: The Dewey Cox Story” (2007). Directed by Jake Kasdan and led by John C. Reilly. Cost: 35 million dollars. Collection: 21 million dollars.

10) Movie “The Love Guru” (2008). Directed by Marco Schnabel and led by Mike Myers, Jessica Alba and Justin Timberlake. Cost: 62 million dollars. Collection: 41 million dollars.

11) Movie “School for Scoundrels” (2006). Directed by Todd Phillips and led by Billy Bob Thornton. Cost: 35 million dollars. Collection: 24 million dollars.

12) Movie “Land of the Lost” (2009). Directed by Brad Silberling and led by Will Ferrell. Cost: 100 million dollars. Collection: 70 million dollars.

13) Movie "Meet Dave" (2008). Directed by Brian Robbins and led by Eddie Murphy and Elizabeth Banks. Cost: 60 million dollars. Collection: 50 million dollars.

14) Movie "Aeon Flux" (2005). Directed by Karyn Kusama and led by Charlize Theron. Cost: 62 million dollars. Collection: 52 million dollars.

15) Movie "The Producers" (2005). Directed by Susan Stroman and led by Matthew Broderick, Nathan Lane, Uma Thurman and Will Ferrell. Cost: 45 million dollars. Collection: 38 million dollars.

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The famous persons collect funds for Haiti

2010-01-22T10:50:00.001-08:00

The serious situation in Haiti keeps on being a news and this way it it will be for a good weather. That's why this finance blog will keep on informing about those famous personalities that, of disinterested form, they collaborate with the reconstruction of this devastated Caribbean nation. Next, one will allude to two television events to collect funds that will be destined to the Haitian village.

Last week a strong earthquake flogged Haiti harming to big part of the capital of the country, Port-au-Prince, and causing multiple ravages and thousands of fatal victims.

The international community is not foreign to this fact, as this way the famous persons, who from his place “put the rucksack” not also and they have collaborated with the survivors and they are encouraging his followers so that also they do it. In this occasion, one will allude to two television events that will think about how to collect funds to help the affected ones by the earthquake.

Some days ago the so called television event was carried out “Haiti: How You Can Help”, which passed during the transmission of the program (expressed by CNN) of the prestigious journalist and driver North American Larry King.

With the presence of numerous famous personalities, which attended to phones and also they realized donations, one managed to collect a sum of money near to 9 million dollars, reported the web site Usmagazine.com.

To to be carried out in the next days, other of the television events is the so called one “Hope for Haiti”, that also will try to assemble several million dollars. To be realized this Friday, the 22nd of January, and headed by actor George Clooney, singer Wyclef Jean y Anderson Cooper, this event will be transmitted to the whole world across several television channels and for Internet.

The money collected for “Hope for Haiti” will be destined for Ozfam America, Associates in Health, the Red Cross, UNICEF and Foundation Yéle Haiti, organizations that at present are employed untiringly at Haitian territory, he published the web site MTVLA.com.

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The famous persons help Haiti

The famous persons help Haiti

2010-01-21T18:25:00.001-08:00

Since it is of public knowledge, the territory of Haiti suffered last Tuesday, the 12th of January an earthquake of big dimensions that affected big part of the capital of the country, Port-au-Prince, and caused thousands and thousands of deaths (there is still no exact number of victims). Next, this finance blog will refer to the efforts of famous personalities to help economically to the reconstruction of the devastated Caribbean country.

After the public state takes the happened in Haiti, not long ago more than one week, the international community has decided to commit itself to achieve that the Caribbean country could recover of this tragedy.

As the governments, the international organizations, the companies and persons of the whole world will collaborate with the victims of the earthquake, also the famous persons will act after guaranteeing a rapid recovery of the population of the Haiti.

Across donations and united events, famous persons of all the nationalities have decided to help the persons that they remained without housings after the terrible earthquake that it flogged to Haiti (at present the persons are sleeping in the street and lack food and water).

The foundation “Not On Our Watch”, integrated by several famous persons as George Clooney and Brad Pitt, will destine a million dollars, as informed the persons in charge across his official web site. For his part, “Jolie/Pitt Foundation“ will donate also a million dollars, he informed the People web page in Spanish, who added that the money donated by the actors' couple will be destined for the well-known organization Doctor Without Borders, which at present works in Haiti to save the life of the victims.

The American actress Sandra Bullock, recently winner of the award “golden Balloon” as better dramatic actress; and the queen of pop, the singing Briton Madonna, they are not indifferent to the events in Haiti and also they will realize his economic contributions. Both artists will donate approximately a million dollars and 250.000 dollars, respectively, as they have informed the means of press that did echo of this news to themselves.

On the other hand, the Brazilian soccer player Kaká, at present defending to the Real Spanish club Madrid, is organizing a football match in order to collect funds to help the survivors in Haiti, according to the informed for the web site of the United Nations.

Also it is important to add that in a few days will realize the so called event “Hope for Haiti”, that will be transmitted for the whole world across several television channels. With the presence of several artists, the same one will think about how to collect a lot of money to help the victims of the earthquake.

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Beyoncé and Jay-Z; the famous persons couple with better income

Beyoncé and Jay-Z; the famous persons couple with better income

2010-01-19T04:15:00.001-08:00

Forbes realized another interesting ranking as regards the world of the spectacle and the finance. Since it cannot be otherwise, this blog will bring over to you a brief revision about this classification that, in this opportunity, centers on the couples of famous persons who have gained more money in the period in June 2008 - June 2009.

As he informed the official web site of Forbes, the couple of famous persons with more income in a period of twelve months is the shaped one by singers Beyoncé Knowles y Shawn Coking Carter, known in the world of the music with the stage name of “Jay-Z“.

How much did they gain in the last year? According to Forbes, both artists gained about 122 million dollars for his work. It is important to add that the singing American Beyoncé is at present” famous the best 30-year-old minor pays”, according to another Forbes's ranking, and which one has already mentioned in the same blog.

For his part, the second place of this classification is occupied by the couple of actors Harrison Ford y Calista Flockhart (remembered by his role in the television series “Ally McBeal“) whose income adds 69 million dollars.

The ranking continues with actors Brad Pitt y Angelina Jolie (with 55 million dollars); Will Smith y Jada Pinkett Smith (with 48 million dollars); and the soccer player David Beckham and the model Victoria Beckham (46 million dollars); who occupy the third, fourth and fifth position of the classification, respectively.

06th) The driver of television Ellen DeGeneres and the actress Rossi's Portia (36 million dollars).
07th) actors Tom Hanks and Rita Wilson (35,5 million dollars).
08th) Actor Jim Carrey and the model and actress Jenny McCarthy (34 million dollars).
09th) actors Tom Cruise and Katie Holmes (33,5 million dollars)
10th) The musician Chris Martin, leader of “Coldplay“, and the actress Gwyneth Paltrow (33 million dollars).

11th) actors Sarah Jessica Parker and Matthew Broderick (29 million dollars).
12th) The musicians country music Tim McGraw and Faith Hill (28 million dollars).
13th) The actress Eva Longoria Parker and the basquetbolista of the NBA Tony Parker (22 million dollars).
14th) The actress Katherine Heigl and singer Josh Kelley (20 million dollars).
15th) The actress Nicole Kidman and the musician Keith Urban (17 million dollars).

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Will Disney construct a new "Neverland" in the USA?

2010-01-15T14:31:00.001-08:00

To listen or to read on the Ranch Neverland, is to think about the “king of pop”, Michael Jackson, still lively. As regards this topic, in last hours the rumor grew about the possibility that the prestigious company Disney initiates, in not very distant future, the concision of an interesting project as regards this luxurious property, has reported the international press. As it was known, said emprendimiento it would turn concerning the achievement of a park of diversions in the United States, which would emulate to the one that was in the property of Neverland (dismantled after Jackson was changing to another place).

As everyone knows, singer Michael Jackson died surprisingly last June 25, 2009 to 50 years of age. To almost seven months of his physical disappearance, the “king of pop” keeps on being a news (some days ago it was known that he was the artist who sold more discs in the USA during 2009).

In this occasion, the press means have done to themselves echo of informations spread by the web site Entertainmentwise.com, which he informed about the possibility that the company Disney should invest an interesting sum of money for the construction of a park of diversions in Gary's city, Indiana, the United States, place where Michael Jackson was born more than 51 years ago.

On this topic, it is necessary to clarify that it is not any amusement park, but well-known Rancho Neverland would emulate to worldwide, the luxurious property located in Santa Barbara, California, which until 2005 belonged to the deceased artist, as he informs the web page of the Wikipedia.

It is important to add that in this area there existed in once a beautiful park of diversions that was provided with numerous infantile games, which ones were withdrawn after the Jackson game.

Although this is simply a strong rumor, of this project becomes true, Disney will have to realize a millionaire investment, since the same one includes, between other things, a golf course, a museum, a luxurious hotel and a center of scenic arts, he reported Entertainmentwise.com.

Will the powerful Disney be ready to realize this important emprendimiento? Will the USA have a new "Neverland"? It will be necessary to wait for one more time to know these answers.

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Who sold more discs in the USA during 2009?

Who sold more discs in the USA during 2009?

2010-01-13T13:46:00.001-08:00

As in other opportunities, this finance blog will refer to another important topic linked to the world of the spectacle. In this occasion, one will refer to an interesting list realized by the well-known and prestigious company The Nielsen Company. According to the above mentioned classification, the deceased “king of pop”, Michael Jackson, was the artist who sold more discs during the year 2009 in territory of the United States. Between other things, it indicates that the second and third place of the list there are occupied by the singing North American country music Taylor Swift and the mythical English band The Beatles.

In a world in which pirates abound the illegal discharges of music for Internet or the sale of discs and DVD, there are still several million persons who prefer to keep on saving little money to buy the original álbumes of his bands and/or favorite singers.

On this topic, it is important to emphasize that the international artist who sold more discs in North America during last year was the singing American Michael Jackson proclaimed “king of pop” by the fanatics and the specializing press, who died last June 25, 2009 to 50 years of age.

According to an interesting list prepared by The Nielsen Company, Jackson it sold approximately 8.286.000 álbumes in the USA during the year 2009, reported the web site of of the company. Although this news is surprising, it was of hoping that the sales of the discs of the singer should increase greatly due to his early death.

Shaped by ten artists that more discs sold during last year, and led by Michael Jackson, it is ready also it is integrated by Taylor Swift (2nd), the mythical English quartet The Beatles (3rd) (4th), Susan Boyle; Lady Gaga (5th); Andrea Bocelli (6th); Michael Bublé (7th); Eminem (8th); Carrie Underwood (9th); and Black Eyed Peas (10th), as he published the web of The Nielsen Company.

If you want to read the finished list (in English), it can do it simply entering to the web page of the company The Nielsen Company.

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“Incarnation“ collects million dollars

2010-01-12T01:53:00.001-08:00

The movie “Incarnation“, of James Cameron, has possibilities of turning into the most popular movie in the history of the industry of the celluloid, if it is that it manages to support the attention of the world public. To four weeks of released, the tape is to something more about 500 million dollars of reaching the profit obtained by “Titanic“, tape that at present shows the collection record on a global scale, according to the last information spread in the press. Next, this finance blog will allude to this important topic linked to the world of the spectacle.

Thought several years ago by the director James Cameron, “Incarnation“ is a movie realized with the technology 3D. The investment in his achievement turns to this movie in the costliest of the history of the industry of the celluloid.

Released last Friday, the 18th of December 2009, and led by Sam Worthington, Zoe Saldana, Sigourney Weaver and Michelle Rodriguez, this tape is directed and written by the famous film maker James Cameron, also responsibly for success popularly "Titanic".

“Incarnation“ has already turned into the most popular second tape. According to understood of the topic, this movie is increasingly close to the number of money obtained by the movie "Titanic" (1997), of the same director, which leads until now the ranking of the movies that more they have collected in the history of cinema.

Will “Incarnation“ be able to reach “Titanic“ and to turn into the most popular? If the movie wants to occupy this honor place, it will have to reach and overcome 1.842.879.955 dollars, record of collection that Titanic still shows. According to the web page Wikipedia, “Incarnation“ has collected until now approximately 1.331.140.000 dollars in only four weeks of exhibition.

Before finishing this journalistic article, it would be important to add that this movie will compete in the 67th edition of the awards “golden Balloon”. The same one has been nominated in four categories: "Better Movie Drama”; “the Better Director” (James Cameron); Better Original Sound-track (James Horner); and “Better” Original Song (“I See You”).

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BM and FMAM bet for taking care of the environment

2010-01-11T06:01:00.001-08:00

Before finishing the year 2009, the World Bank and the Fund for the World Environment (FMAM) promised to help once again to the care of the environment and to the struggle against the climate change (a topic that was íntensamente debated in December in the city of Copenhagen, Denmark). Días behind one was known that 5,38 million dollars will be destined to finance part of a project on sustentable transport and quality of the air in several cities of Mexico.

The World Bank approved a donation for 5,38 million dollars of the Fund for the World Environment (FMAM) to collaborate with the so called Project of Transport Sustentable and Quality of the Air in Mexico. The same one will help to improve the environment in the Mexican cities of León, Monterrey, It populates and City Juárez, he reported the web site of the BM.

With this sum of money, one will try to improve the air in the above mentioned cities of Mexico and for that one will look for models of transport that take care more of the environment. Between other things, the gas emission of greenhouse effect (GEI) will be diminished and for that there will be implemented politics that promote transports with clean energies, he informed the web.

According to the informed for the web page of the BM, the entire cost of this project will be 36,96 million dollars and it will culminate, in principle, in December, 2013. Rest of necessary money to finance this project will be offered by the governmental counterpart, he published the web.

What is the FMAM? Founded at the end of the XXth century, the Fund for the World Environment is an international entity that realizes donations to those developing countries that have projects to take care of the environment, he published the web site of the World Bank, which added that the same one is administered by the BM, the PNUD and the Pnuma.

To read more about this project “friend of the environment”, which will be carried out in different areas of the Mexican territory, simply enter to the official web site of the World Bank.

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The Newsweek predictions for 2010 in technology

2010-01-08T06:19:00.001-08:00

This finance blog mentioned in previous editions that the prestigious North American publication Newsweek realized a series of predictions for the year 2010, which have already had several aftereffects and criticism (Chávez was one of the first ones in making hear). Next, one will allude to other auguries of the American magazine, but this time in what it has to do with the world of the technology.

Although the list includes a whole of ten important predictions related to the technological world for the year that has just begun, undoubtedly that the showiest facts that Newsweek names there would be the exit of the current CEO of the company Microsoft, Steve Ballmer, and the retreat of the means of the group News Corp., headed by the Australian magnate Rupert Murdoch, of the searches of Google preventing the persons from being able to read freely the information as it had happening until now.

Between other topics included in this ranking, there is necessary to emphasize that Newsweek also realized a prediction as regards the most profitable web site of Internet, the social network Facebook, whose value is 6.500 million dollars, according to the already known one ranking so called “The SAI 50 +: World's Internet Most Valuable Startups”.

According to the American publication, this year Facebook might quote in bag as it began it to do Google in the year 2004, although also it would have to face the appearance of a "malware" that can break the peace that till now shows the most famous social network of the world.

To finish, this finance blog will publish entirely the list of predictions for 2010 as for the world of the technology (in English) realized by the magazine Newsweek and that can be consulted in his web site.

01 - Finally, Apple Unveils the Tablet
02 - Murdoch Pulls Out of Google
03 - Malware Disrupts Facebook
04 - Starbucks Will Stalk You
05 - Movie Downloads Stall Blu-ray
06 - Your Phone Replaces Your Wallet
07 - Facebook Goes Public
08 - Twitter Use Flatlines
09 - Microsoft Pushes Out Steve Ballmer
10 - Google Faces Antitrust Suit

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Newsweek believes that Brazil will overcome China in 2010

2010-01-07T02:05:00.001-08:00

Although newly 2010 began, already are analyzed what significant things will happen this year on a global scale. As regards this topic, it is important to emphasize that the prestigious publication Newsweek realized an article detailing which there will be, to his understanding, the events that they will mark to the world in 2010. Next, it will allude to some of these facts (especially related to the financial and economic ambience).

Some weeks ago the American magazine Newsweek published the predictions for the year that it has just initiated. Next, this finance blog will refer to some of the topics mentioned by the above mentioned publication.

For example, Newsweek believes that the economy of Brazil will keep on growing to steps enlarged to such a point that it will overcome that of China, who, on the other hand, will go in fall in 2010. “Brazil is the new China”, he published the North American magazine. On this topic, the news agency EFE, which did echo of this news to itself, informed that Brazil will grow to a rhythm of 8 % during this year.

Between other topics, the magazine Newsweek published that Europe will keep on having serious problems as regards the financial and economic thing and that Spain will not be the exception. “The crisis will delay the recovery of Spain”, reported the news agency AFP.

Between other things, the magazine augurs that this year there will die the ex-president of Cuba, Fidel Castro, and that in Venezuela there will be a coup d'état against the government of the current chief Hugo Chávez. As regards the latter topic, it is important to add that Chávez already made his annoyance public for the above mentioned prediction, he reported the web site of the newspaper El Pais of Spain.

To finish, this blog will publish entirely the list of predictions for 2010 (in English) realized by the magazine Newsweek and that can be consulted in his web site.

01 - The Afghan arises works
02 - China will crash
03 - Another coup in Pakistan
04 - Chávez faces another coup
05 - To Backlash Against Europaean Racism
06 - Iran hit with sanctions
07 - Brazil Is the New China
08 - To Pyrrhic Victory for the Tories
09 - Europe Face New Financial Crisis
10 - Castro Dies, U.S. Relations Improve

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How does the recession affect you?

2009-12-29T08:01:00.001-08:00

To the margin of the negative information, with which sometimes the means bore and of the impossible economic terms that they use, today we want to ask the citizens who are not expert, but who every day turn out to be affected by the situation and to those that it does not cost them, about a monthly report full of numbers.

Also moving away from the image of serenity that the Government wants to give, as well as the solemn pasimonia with the one that sometimes there confront the crises, the certain thing, it is that the rest of human beings, almost all, we turn out to be affected by the situation, which far from abating, it seems that it is going to exploit.

Apparently the new year that enters, 2010 also is going to be a year complicated in the economic thing, the information that the Government has facilitated till now there are more negatives even that the modality 2009.
But, to the margin of the recession that clearly is one of the words surely more used by the means in the whole year, the true thing is that, we want to know the opinion about all who have turned out to be influenced, for good or for evil, we are not going to be defeatists, of this situation.

The finance blog, wants to know your opinion and knowledge the histories that make a detour to the current situation. So much the positive histories, as for example if you have obtained a work in crisis time or for the most negative histories, but always from the creative side. For example, if perhaps the situation has done that you have had to promote your company and has given one I return as for work and that has served to you to gain more experience, or if on the contrary, you believe that all this is a farce on the part of the system.

All the experiences are valid, real and capable of change.

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Ben Bernanke presents himself of the year, according to the magazine Steal

2009-12-26T04:48:00.001-08:00

As every year, the prestigious American magazine Steals it named, to his understanding, who the person of the year 2009 is. The prizewinner in this opportunity is a man who has been named in several occasions in this finance blog. It is a question of the president of the Federal Reservation of the United States, Ben Bernanke.

The proper magazine Steals it was him who informed that the personage of the year 2009 is the person in charge of the FED, Ben Bernanke. This appointment owes to his excellent role at the head of the financial organism in epochs of the world, hardest crisis from the Big Depression of 1929, as they have expressed understood of the topic.

The time appointment coincides with the declarations of the president of the United States, Barack Obama, who months ago emphasized the aptitudes, the temperament, the courage and the creativity of Berbanke, but especially it praised his roll at the head of the Fed in epochs of crisis. As published this one the same finance blog, in this occasion Obama he asked Bernanke the FED to continue in charge of for one more period.

It is important to emphasize that in the last hours it was known that Cómite Bancario of the Senate of North America gave “green light“ so that Bernanke continues at the head of the Federal Reservation of the USA, reported the web site of the news agency Europe Press, that he added that the voting is still missing in the Senate. It is necessary to add that, of achieving one more support, this will be his second period like president of the FED and will go until the year 2014.

Who is Ben Bernanke?

The North American 56-year-old Ben Bernanke, assumed the last 1st of February, 2006 the president's charge of the Federal Reservation of the USA, in full government of the North American ex-president George W. Bush. Of achieving the entire support of the Senate, his second period in the FED will give beginning in February, 2010 and will finish at the beginning of 2014.

It is important to emphasize the confidence that Barack Obama has with Ben Bernanke, although this politician worked with Bush leading the team of economic advisers during the administration of the ex-president, as he informed the version in Spanish of Wikipedia.org, and that was he who gave him the vote of confidence so that it was commanding the FED the latter four years.

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World stadium of South Africa: 600 million dollars

2009-12-25T22:28:00.001-08:00

As in previous occasions, this finance blog continues with the journalistic notes related to the next world cup of soccer that will be realized in 2010 in territory of South Africa. Next, and following this subject-matter, one will allude to the millionaire investment realized in the construction of a luxurious sports stadium in Cape Town. It is important to add that in the above mentioned place will dispute a series of parties, including the second meeting of this one so important glass of the world of soccer that will face France and Uruguay.

According to the drawing realized at the beginning of December, the selections mundialistas of France and Uruguay will have to face on Friday, the 11th of June 2010 in Cape Town, South Africa. The above mentioned party will be carried out immediately after the inaugural party between the home team and Mexico, who were chosen to give beginning to the next World cup of Soccer of South Africa 2010.

As informed the news agency EFE, the stadium mundialista where the party will be disputed between France and Uruguay has cost about 600 million dollars. We are speaking about the Stadium Green Point. The above mentioned building located in full City of End, would be prompt by the middle of January, 2010, added EFE.

It is important to emphasize that one is alluding to a millionaire investment in only a building mundialista. That is to say that the entire expense in stadiums in the South African territory must be an even more impressive number, in spite of the financial and economic crisis that it flogged to the world in the last months.

Along with the selections of France, last vicechampion of the world, and Uruguay, there complete the Group A of this world cup of soccer the teams of South Africa and Mexico.

In futures post, this finance blog will keep on reporting about the financial and economic topics related to this glass of the world FIFA.

On the other hand, if this way he wishes it, you can read or reread the previous notes about this championship of soccer that will be disputed in territory of South Africa.

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Air Comet, presents an ERE to his 640 employees

2009-12-25T16:11:00.001-08:00

Weeks ago we were already listening for the radio to take control in the most important gatherings of personnel of the air company Air Comet, these were indicating the suspension of payments that they were suffering of hacía months.

After the Records of Regulation of his almost 700 used (ERE), which waits that it should appear today, the Company will declare itself in Creditors' Contest in one month.

The Department of Promotion withdrew yesterday the flight license to the Cia. Air Comet, because of his deficit insolvency situation approaching the debt to 100 million € and having impeded a British Court the fleet of the Company this last Monday.

The State Agency of Safety Airs, AESA, establishes the criteria by means of a Resolution for which he will execute subsidiarily the unfulfilled obligations of Air Comet. It is believed that they are 7000 travelers those who must fly in this Christmastime and close to the affected 40.000. The subsidiary execution will limit itself to attending to the affected persons who are in an urgent need situation to return to his starting points and for those who had the comeback flights compound until the 26th. The rest will have to be claimed in the Airport of Cards and in the Headquarter of Civil aviation, in the field of the Nations, C / by Rivera of the Loire, 46 of Madrid.

Today the AESA has compound 4 flights that will move part of the said passengers, at the last hours of the day. Information phones in national territory: 902333903

ERE to his workpeople

When a company presents his personnel an ERE, it solves of massive form the contracts of employment and in less than 90 days.
The workpeople included in the records receive minimum 20 days for worn out year being 12 monthly salaries the maximum thing. Sometimes it is agreed by the company.

When an ERE is executed, one communicates to the worker for letter his dismissal delivering the settlement and the company certificate, notifying the dismissals to the INEM. The worker has 15 working days to request his welfare before the INEM.

The businessman must give the indemnifications and in case there is nonperformance, the worker has of 1 year to protest before the justice.

FOGASA: Wage cover, it is a state organism that will intervene if the worker does not receive quantities that for law correspond to him and in this case they correspond both to the wages and to the indemnifications.

The salary will not be able to be bigger than the triplo of the Interprofessional Minimum and the indemnifications in his maximum of one year without overcoming the daily quantity the correspondent to the same previous scale.

Image: Ricardo Pérez

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Paul Samuelson dies the Nobel Prize of Economy

2009-12-16T09:06:00.001-08:00

Paul Samuelson, who helped to sit the bases of the modern economy, has died in his house of Belmont, Massachusetts, after a brief illness. His death has been confirmed by the Institute of Technology of Massachusetts.

Samuelson was a maximum figure in the application of the mathematical analysis between prices, supply and demand. “Paul Samuelson transformed everything what it touched: the theoretical essentials of his field, the way of teaching economy to the world, the features and the dimension of his department, the practices of investigation of the MIT and the life of his companions and students”, said the president of the MIT, Susan Hockfiel, in a bulletin.

Samuelson was the first American in obtaining a Nobel Prize of Economy, in 1970, the second year that was delivering to itself the award.

Simultaneously, the Swedish Academy quoted Samuelson for “having done more than any other contemporary economist to increase the level of scientific analysis of the economic theory”. Samuelson always insisted that the mathematics were essential for the economic analysis.

In his thesis of 1947, Essentials of the Economic analysis, Samuelson he corrected to his profession for practising “mental gymnastics of a particularly depraved class”.
Between his most out-standing pupils are the president of the Federal Reservation, Ben Bernanke, the Nobel Prize and columnist of the New York Steal, Paul Krugman, and Christina Romer, director of the Council of Economic Matters of the White House.

The textbook of the subject of Samuelson, Economy: an introduction to his analysis, it has been translated in 40 languages and it sold more than four million copies since it was published in 1948.

Paul Anthony Samuelson was born in Gary, Indiana, in 1915. It graduated in the University of Chicago and realized a master's degree and later a doctorate in the University of Harvard.

Even before his Nobel Prize, Samuelson had piled up a list of important awards. He published his first work when he was 21 years old, A. David Wells gained the award in 1941 to write the best doctoral thesis in the University of Harvard on economy, and it was rewarded by the Bats medal, in 1947 granted annually by American Economic Association.

Wikipedia image

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The Nielsen Company will close and sell several publications

2009-12-15T04:49:00.001-08:00

As there was done by the putting in sale of the magazine Playboy, the failure of Reader's Digest or the change of signature of the prestigious publication BusinessWeek, next one will allude to the company The Nielsen Company and his decision to close definitavamente the publications “Publisher and Publisher” and “Kirkus Reviews“ as this way also of selling some others like, for example, “The Hollywood Reporter”.

In several occasions, this finance blog has alluded to the topic of the international mass media and the economic problems that bother them, after the hardest financial crisis from the Big Depression of the year 1929.

In the last days, the press means there has been made echo of important news related straight to the prestigious company Dutch - North American The Nielsen Company. Founded in the year 1923, it has his head office in the city of New York, the United States of America, it is present in about 100 countries and gives work to approximately 36.000 persons, as he informs the version in Spanish of the web site Wikipedia.

According to several press means, The Nielsen Company announced that it will put in sale several of his most important publications, between them ”AdWeek”, “Billboard“, “Brandweek“, “Mediaweek“ and “The Hollywood Reporter”.

Between other things, the company informed that, also, it will close the famous ones “Publisher and Publisher” and "Kirkus Reviews", two well-known magazines of the USA. The closing of the above mentioned publications will be realized of immediate form, published the news agency EFE, which added that this also includes what concerns the part of Internet.

On the same topic, it would be important to add that mister Lachlan Murdoch (son of the Australian millionaire Rupert Murdoch, person in charge of the company of mass media News Corporation) is one of interested so many people in these publications and has clear intentions of being done by them.

As he informed some days ago the web site ElMundo.es, who finally should buy these publications they will have to pay out a sum near to 70 million dollars. How there are other interested parties in these press means, it will be necessary to wait some days more to know that it happens.

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How much does the technical staff of the teams gain mundialistas?

2009-12-14T07:34:00.001-08:00

This finance blog will continue with the journalistic notes related to the World cup of Soccer of South Africa 2010, which will begin to be disputed from next June 11 of next year. In this occasion, one will allude to the annual salaries of the technical directors of 32 selections classified to compete for such a valued glass of the world.

Some days ago an interesting classification became public on the salaries that the trainers of 32 selections mundialistas get annually for the work realized in the above mentioned teams of soccer.

Prepared by the Argentine sports newspaper “Olé“, this ranking is headed by the Italian DT Fabio Capello, who at present is at the head of the selection of England. This technical director gains 9.900.000 dollars per year. For his part, the one that less wins annually is the DT of the selection of Nigeria, Shaibu Amodu, who obtains 180.000 dollars for twelve months of work.

Next, there will be announced entirely this classification realized by the Argentine newspaper Olé, which also can be consulted on the proper web page of the sports publication.

01) Fabio Capello (DT of England): 9.900.000 dollars per year.
02) Marcelo Lippi (DT of Italy): 4.100.000 dollars per year.
03) Javier Aguirre (DT of Mexico): 4.000.000 dollars per year
04) Bert van Marwijk (DT of Holland): 2.700.000 dollars per year.
05) Ottmar Hitzfeld (DT of Switzerland): 2.600.000 dollars per year.
06) Joachim Löw (DT of Germany): 2.300.000 dollars per year
07) Vicente del Bosque (DT of Spain): 2.200.000 dollars per year.
08) Carlos Queiroz (DT of Portugal): 2.000.000 dollars per year.

09) Pim Verbeek (DT of Australia): 1.820.000 dollars per year.
10) Carlos Parreira (DT of South Africa): 1.800.000 dollars per year.
11) Dunga (DT of Brazil): 1.250.000 dollars per year.
12) Diego Maradona (DT of Argentina): 1.200.000 dollars per year.
13) Ricki Herbert (DT of New Zealand): 1.200.000 dollars per year.
14) Takeshi Okada (DT of Japan): 1.200.000 dollars per year.
15) Otto Rehhagel (DT of Greece): 1.150.000 dollars per year.
16) Paul Le Guen (DT of Cameroon): 960.000 dollars per year.

17) Marcelo Bielsa (DT of Chile): 850.000 dollars per year.
18) Vahid Halilhodzic (DT of Côte d'Ivoire): 740.000 dollars per year.
19) Raymond Domenech (DT of France): 720.000 dollars per year.
20) Huh Jung-Moo (DT of Republic of Korea): 600.000 dollars per year.
21) Morten Olsen (DT of Denmark): 570.000 dollars per year.
22) Milovan Rajevac (DT of Ghana): 540.000 dollars per year.
23) Radomir Antic (DT of Serbia): 447.000 dollars per year.
24) Bob Bradley (DT of the United States): 400.000 dollars per year.

25) Matjaz Kek (DT of Slovenia): 360.000 dollars per year.
26) Gerardo Martino (DT of Paraguay): 360.000 dollars per year.
27) Rabah Saadane (DT of Algeria): 360.000 dollars per year.
28) Reinaldo Rueda (DT of Honduras): 350.000 dollars per year.
29) Vladimir Weiss (DT of Slovakia): 312.000 dollars per year.
30) Oscar W. Tabárez (DT of Uruguay): 300.000 dollars per year.
31) Kim Jong-Hun (DT of RDP of Korea): 250.000 dollars per year.
32) Shaibu Amodu (DT of Nigeria): 180.000 dollars per year.

In futures post, this blog will keep on reporting about the financial and economic topics related to this glass of the world FIFA.

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How much will the champion gain of World South Africa 2010?

How much will the champion gain of World South Africa 2010?

2009-12-10T05:17:00.001-08:00

This finance blog will initiate a series of journalistic articles as regards the next World cup of Soccer to be carried out from June 11 until July 11, 2010 in territory of South Africa. In this occasion, one will allude to the sum of money that will gain the soccer selection that I managed to come to the final of the tournament and to rise with such a valued glass of the world.

Every time it is missing less by the beginning of the glass of the world of soccer and they speak already to themselves about numbers and awards. In the last hours, it was announced that the champion of this one so important world cup will pocket 31 million dollars.

It is important to add that this number was announced by the General Secretary of the FIFA, the Frenchman Jerome Valcke, in the frame of a press conference realized in Robben Island, a beautiful island located in South Africa, host country of the world cup of soccer of 2010.

Between other things, Valcke expressed that every selection will gain 9 million dollars only for competing, without importing if she goes so far as to remain eliminated in the first phase or manages to go on to the following rounds, reported the news agency AFP, which he added that 32 teams have already received a million dollars each one.

To finish this note, and as penetrating to the reader to this gentle sports holiday that will begin in the middle of 2010, eight groups will be detailed, with 32 classified selections, of this important tournament.

Group A
South Africa
Mexico
Uruguay
France

Group B
Argentina
Nigeria
Republic of Korea
Greece

Group C
England
The United States
Algeria
Slovenia

Group D
Germany
Australia
Serbia
Ghana

Group E
Holland
Denmark
Japan
Cameroon

Group F
Italy
Paraguay
New Zealand
Slovakia

Group G
Brazil
RDP of Korea
Côte d'Ivoire
Portugal

Group H
Spain
Switzerland
Honduras
Chile

In futures post, this blog will keep on reporting about the financial and economic topics related to this glass of the world FIFA.

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The banking will pay more for the deposits of the clients

2009-12-09T16:31:00.001-08:00

The medium banking in Spain will have to increase the remuneration of the deposits of the clients and reduce the financing that it obtains of the exterior, according to the director of the Area of Management of Assets of Banco Popular, José Manuel Piñeiro.

“Facing the future, the entities will have to close the acquaintance as ‘commercial gap’. It will be necessary for his stability to reduce the percentage of dependency on the wholesale markets, what means an increase of clients' deposits in the whole of the debit of the balance”, thinks Piñeiro.

In an article publicadado in the last number of the Magazine of the Stock Exchange, the manager of the Popular pevé that this will lead to a more generous remuneration of the deposits and to an increase the 'spreads' applied to the operations of investment.

Also, it highlights that a narrow relation with the client will be indispensable in the future, not only to fit the insurance incluída in the interest rates applied in every contract of investment, but also to fit the product to the needs of the client.

Thus the clients with needs for investment will reduce the number of financial institutions, what will allow a major business concentration for client, while the key for the knowledge of the clients takes root in the closeness to the same one, stands out Piñeiro.

It is a question, according to the expert, of applying in the future strategies of “differentiation“ that allow the financial institutions to compensate the minor growth of the results thanks to the progress of the profitability of the assets. “The strategies lack of definition only transports a worsening of the results“, supports.

Piñeiro argues that, according to information of the Spanish Bank, the companies that work with only one bank have had less problems to solve his needs for financing, while the problems are increasing as there increases the number of banks with which the company works.

This has to do with the reduction of the deficit of information between the lender and the borrower, for what the information progress becomes also essential to improve the type to be applied in the investment operations.

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Not related posts.

The real estate agency of Dubai World lost 2.465 millions

2009-12-09T10:13:00.001-08:00

Nakheel, the real estate property of Dubai World, has announced that it had a few losses of 13.400 million dirhams (3.650 million dollars, 2.465 million euros) in the first semester, due to the depreciation of assets and the fall of income.

The income for his part, lowered 78 %, up to 1.780 million dirhams (327,46 million euros). Nakheel has reduced the value of areas and of some projects in construction up to his commercial value after the collapse of the real estate prices.

According to the document obtained by Bloomberg, this information contrasts with the profit of 2.650 million dirhams (487,5 million euros) of the same period of last year. At the end of June, Nakheel had a few entire assets of 147.000 million dirhams, opposite to 155.500 millions at the end of December of last year. The debit for his part, was promoting 73.300 million dirhams.

Dubai World began last week to speak with his creditors to restructure his 26.000 million debt dollars, which include 3.520 million dollars of Islamic bonds that mature on December 14 expressed by Nakheel.
According to the sources consulted by Bloomberg, Dubai World he would have been negotiating yesterday with his six principal creditors.

On the other hand, the country is investing in the creation of new industrial mega-parks, to which a specific regulative legal frame is applied to them for business, in end garantista, what favors the investment and the rapid installation of the new companies, as well as a capital comeback of 100 % and other advantages that join the proper ones of this city, like the abundant energy of low cost and an excellent port and airport infrastructure.

In the city of Dubái the port Port Rachid is and to 35 km from the city, close to the forntera with Abu Dhabi, there is the biggest port of the world constructed by the man and the biggest port of Middle East: Jebel Ali.

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Imaginarium reduces his starting price to bag

2009-12-05T02:00:00.001-08:00

Imaginarium, the Spanish multinational specializing in the sale of toys and products for the infancy, stumbles at least of 24 hours for his début on the Stock-exchange Alternative Market (MAB). It will do it at a price below due incialmente and without the OPV (old actions) of one of his shareholders, Caja de ahorros de la Inmaculada. It will only sell in bag those of new emission, cutting this way the free float away and preventing from being too many qualifications in sale.

This will be the second exit to bag on the Stock-exchange Alternative Market. The first one was that of Zinkia, producer of famous cartoon Pocoyó. Then, the company at that José Maria Castillejo presides also turned out to be forced to reduce the price for his stock-exchange début and to limit the offer to the actions proceeding from the increase in capital, suppressing the OPV that it was affecting to the qualifications in hands of the associates of the producer. Nevertheless and despite the initial doubts, Pocoyó shot 27 % in his début.

Definitely, the price will be 4,31 euros for action, below the pitchfork foreseen in the informative document of the laying, understood between 4,94 and 5,79 euros by action, as he informed today the company. With this price, the company will have a value for 61,02 million euros, opposite to the status of between 69,95 and 81,98 million due euros initially. Bearing in mind that the nominal value of the qualifications of Imaginarium is 0,03 euros, the definitive price implies a premium of emission for 4,28 euros for action.

Of the same way, due to the market conditions, the company, the Savings bank of the Blessed Virgin Managerial Development, Society of Risk capital of Diet Simplified (I FELL DOWN SCR) and Banesto Bolsa, entity colessor, has decided to exclude from the sale offer the actions initially offered by CAI.

This way, the entire size of the offer remains established in 2,85 million actions, of which 450.000 are proper qualifications of the society and 2,4 million actions of new emission, representative jointly of 16,36 % of the share capital of Imaginarium after the subscription offer. Thus colessor suppresses the call option green shoe granted by CAI SCR in favor of the entity.

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The bag of Dubai loses more than 7 % after three days closed

2009-12-02T09:16:00.001-08:00

The bag dubaití, that from the last Wednesday was closed, has quoted again today with falls near to 6 % in 1.970,20 points and with a scarce hiring volume. The market of Dubai has closed the meeting with a loss of 7,3 %, while elprincipal indicator of Abu Dhabi for his part, has collapsed 8,3 %.

This way, the markets of the emirates have quoted again for the first time from the last Wednesday, when Dubai World announced his plans of asking for a moratorium to pay his debts. The sale orders have dominated a day in which scarcely there were buyers. Both bags have lost approximately 10.000 million dollars of his value, according to AFP.

Most harmed they have been the construction sector and the financier. This way, the biggest real estate property development company of the United Arab Emirates, Emaar Properties PJSC sinks close to 10 %, the same percentage as Aldar Properties. For his part, Air Arabia has stepped back 9,62 %.

The local analysts impute this collapse to “the exaggerated informations of the western means”, according to the Hamam words to the-Shamaa, of Al-Fajr Securities, gathered by AFP. “We hope that the foreign investors should keep on going out of the market, a movement that, obviously it terrifies the local investors”, he has told and has anticipated that hope that the falls should continue tomorrow.

Also, the bag of Saudi Arabia, the most important of the countries of the gulf, will be closed until Saturday, and neither it opened today that of Kuwait, the second one of the region.

Meanwhile, the markets of the USA. have started the week with the look put in Dubai, after last week they were avoiding better the 'shock' generated by the risk of non-payment of the debt of that country. After Thursday to remain closed, day in which the panic exploded, as a result of the day of Thanksgiving, and to close with falls on Friday after a half meeting for the festivity of Black Friday, has come the moment from that the investors analyze the situation of the Arab state while the informations happen I half-close to this crisis.

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He translates

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For The Wall Street Journal, the unemployment is the chronic illness of Spain

2009-12-02T02:53:00.001-08:00

The Wall Street Journal, as they were already doing The Economist and Bloomberg last week, he dedicates an article to revise the situation of Spain with adjectives few benevolentes. The head property of Rupert Murdoch affirms that the unemployment is a “chronic illness” in the country and that the Spanish have got accustomed to her.

Irwin Stelzer, the author of the article and recognized economist and member of Hudson Institute, identifies the explosion of the real estate bubble, which “has struck Spain with more force than to no other European country“, like the origin of the current situation for which now the Spanish active population crosses.

Also, it is remembered that the unemployment valuation is located in 19,3 % - in accordance with the last information published by the office of statistics community Eurostat - and heads for 20 %. Also, according to the expert, everything points that the tendency does not go revertir to the rise in for the time being for several motives.

To start, Seltzer defends the idea of that the Spanish “have accustomed” to coexist with very high unemployment valuations: between 1884 and 1998 it was located between 16 % and 23 %, and in the last 30 years it has not ever gone down 9 %. For this motive, he affirms that the Spanish have the impression of which it is a question of a “natural condition” and quotes Jaime García-Legaz, General Secretary of Faes, who affirms that “many people have the impression of which the unemployment is like a Spanish pandemic”.

Also he thinks that another factor that it helps to that in Spain the excessive employment destruction is accepted with “relative calmness” is the system of social services. The high subsidies that Spanish receive idle, “between 80 and 90 % of the last salaries for two years”, it does that they push “almost any job vacancy” back.

In this point, the economist affects on a new problem on which echo has already been done from diverse institutions. All the more time a person remains in the lists of the INEM, less attractive it will be for the company that, also, she will turn out to be braked by the high cost that of the dismissal in Spain, which the author of the article places between 30 and 45 days for worn out year - those that correspond for the indefinite contracts-.

Finally, Seltzer points at the submerged economy, which contributes income extra and brakes even more the Spanish without work to leave his condition of stopped.

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Funcas: the GDP will fall down 3,7 % this year and the unemployment will rub 20 % in 2010

2009-12-01T20:35:00.001-08:00

The Foundation of the Savings banks (Funcas) has supported in-3,7 % the fall of the GDP this year and in-0,6 % the descent waited in 2010, according to the last estimations of November, which worsen the forecasts of the Government for both years in a tenth and in three tenths, respectively.

This result for this year owes to a fall of 6,5 % of the national demand, which will not be able to be compensated by the growth of 2,9 % of the external demand.

This way, for 2010, the forecast of growth of the national demand has deteriorated from a valuation of-1,5 % up to-1,7 %, although this slightly more negative evolution waited for the components of demand has been resisted by an improvement of the expectations for the exports, which will grow 2,1 %, opposite to the previous forecast of 0,8 %. This way, the external demand will contribute 1,2 points to the growth of the Gross National Product.

The quarterly profile waited by the panel of forecasts corresponds to a few valuations that are going to be supported without changes in-0,3 % in the fourth trimester of 2009 and first of 2010, what it implies that up to the second trimester of next year an improvement will not take place, when the GDP c omenzará already to register positive growth valuations in interquarterly terms.

These consensus forecasts for the industrial activity have improved, up to a change of-17,4 % in 2009, but the improvement has been more significant in the forecast corresponding to 2010, which has been located in-2,7 %, 2,4 points more than in the September panel.

As for the inflation / deflation, the estimations of the panel of Funcas have been modified perceptibly to the fall, up to-0,3 % of average this year and a 1,3 % the next one, two and three tenths less than the previous survey, respectively.

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Phone companhy is done by 21 % of Digitalis +

2009-11-30T04:32:00.001-08:00

Phone companhy, the operator at that César Alierta presides, has approved his entry in the capital of Digitalis +, the television platform for satellite of which he was already a shareholder until 2007. The actions of Hurry raised 2,5 %, meanwhile Phone companhy noted down 0,8 %.

Also, the evaluation of 100 % of the company is located in 2.238 million euros.

This way, the managing Phone companhy organ gave today green light to the buy of 21 % of Digital Bonus for 470 million euros, operation which the telecommunications operator enters again the platform of the Group Hurry after in May de2008 it was selling 16,79 % of Sogecable for 650 million euros.

For Digital Bonus he supposes one more step in his cash search to confront next March the expiration of the credit of 1.950 millions requested precisely to confront the Sogecable opa. Approximately 180 millions of the agreed price will be a capitalization of the debt that Hurry was supporting with the company of Alierta.

This operation, which had been already studied and postponed by the Council of Phone companhy in at least two cause, it values Digital Bonus for 2.238 millions, far from the Hurry aspirations only a few months ago, any approach was pushing in them back below 2.500 million euros.

Both the economic urgencies and the starting of the TDT of payment have moderated the Hurry requirements. In fact, in the end also Phone companhy has granted something. Not in vain the offer that there had presented in March the Spanish teleco of that time of the hand of Vivendi, was not overcoming 2.000 millions for the platform.

Also this acquisition is realized under the condition to reduce his leverage up to being located in five times ebitda at the end of 2010 and in 3,5 at the end of 2013.“ It is the exposition that the most important banks have done and in Hurry it is seen like a realizable condition ”, make sure sources next to the negotiation.

Image Alberto's CC OG

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Twitter might introduce publicity and go out to bag

2009-11-27T19:28:00.001-08:00

Twitter, one of the principal social networks in Internet, studies to go out to bag to collect funds if it is necessary, said Biz Stone, one of his founders. The company, of three years, already is achieving some income and on them it will concentrate next year. According to the proper Stone, “2010 is going to be really the year of the results.

In September Twitter received investors' income as the fund T. Rowe Price and the company of private capital Insight Venture Partners, what according to analysts prepares the way for a possible share offer of sale (OPV). According to different sources, the company might cost approximately 1.000 million dollars thanks to the new obtained funds for 100 million dollars.
Biz Stone said to journalists that he did not want to sell the company, but that he would explore the alternatives to an initial share offer. This way, in an entrepreneurs' workshop he affirmed that “the matter is that we want to construct our own company that lasts a lot of time. If an OPI is the way of making it, of that time insurance. We still have not discarded it of our calendar”.
Also, he affirmed: "Definitely we are not interested in selling the company”. Nevertheless, also he said in the Oxford University that “if an OPV is the only way, insurance of that time. But if there is another way that also would be fantastic. Perhaps a new way arises”.

The founder did not want to contribute details on how Twitter would introduce publicity next year, but it pointed from that it would be different from the traditional forms of publicity online, that include graphic announcements and sponsored searches. When one asked him for the dangers at which his tens million visitors should take offense for the decision of introducing publicity, Stone affirmed: "He is going to love to the whole world. It is going to be amazing”.
Image CC of Mykl Roventine
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Facebook is valued for 6.500 million dollars

2009-11-27T13:04:00.001-08:00

In previous editions, this finance blog reported about the interesting so called ranking “The SAI 50 +: World's Internet Most Valuable Startups”, that describes which there are the Internet companies that better they quote at present. In this occasion, one will allude to the social network Facebook who leads this elaborated classification, for the second year in a row, for the web portal Silicon Alley Insider (SAI).

It is not necessary to do a big presentation about Facebook, the most successful digital social network of the moment. What yes it is necessary to emphasize again is that the above mentioned web site is the company of more profitable Internet of the actuality, according to the ranking “The SAI 50 +” that, as in 2008, describes which there are the Internet companies that more they quote, he published the official web site of Silicon Alley Insider.
Created by the North American Mark Zuckerberg and lance thrust to the cyberspace in February, 2004, Facebook is provided at present with more than 300 million users. According to the report mentioned previously, this famous company of Internet leads the ranking since it is valued for about 6.500 million dollars.
It is important to add that this is the second edition of formless “The SAI 50 +: World's Internet Most Valuable Startups”. Although the document realized last year was named “SAI 25 ″, also it was led by Facebook, although in 2008 it was quoted in about 9.000 million dollars, informed the SAI web.
Although Facebook leads this classification, the list is integrated by another 59 digital companies between which there are, for example, Wikipedia (2nd), Betfair (3rd), NewEgg (4th), Craigslist (5th), Mozilla Corp. (6th), Yandex (7th), Webkinz (8th), GoDaddy (9th) and Demand Media (10th).
To consult which there are 60 digital companies that more they quote at present and to find out more about this report, do not hesitate to enter to the web site of Silicon Alley Insider.
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Trichet thinks about the labor reform

2009-11-27T06:40:00.001-08:00

Jean Claude Trichet, president of the European Central Bank (BCE), has made sure that the structural reforms “can neither be avoided nor postpone” in Spain. French did special emphasis on the labor market, one of the most rigid of the euroarea, and in a change of productive model to detach from the sector construction construction.

This way, the president of the BCE, that there did this consideration during his intervention in the Annual Convention Financier organized by the Association of Financial markets, praised to the Spanish financial sector and considered it to be as “a source of force and national pride”.
Trichet made sure that the Spanish financial system has been “a leader“ in many cases, in addition to being “more resistant” that others in the first stages of the crises.
For the European chief, the Spanish entities have created before the crisis “a good series of cushions” that it has helped during the recession, although he made sure that adjustments will be needed. In fact, the Governor of the central bank of the euroarea endorsed the words of the Spanish governor Miguel Ángel Fernández Ordóñez, that last week he made sure that at least fifteen boxes should have fused before the summer comes.

Trichet also has indicated that and l "exceptional" support that the Governments have granted to the financial institutions during the crisis “it will be necessary to go withdrawing it”, and he made sure that the "recipe" to return to the stability is “a solid management”.
Nevertheless, Trichet wanted to make clear that is still "premature" to affirm that the crisis has finished and has warned that in the next years the public debt will be major than in the past, therefore it will be important to do an effort in the fiscal consolidation.
Trichet stopped in the Spanish case, of which he emphasized that the fiscal consolidation had progressed more than in other countries. Nevertheless, The banker has affirmed that he will have to make sure that it supports his fiscal credibility respecting the requisites of the Agreement of Stability and Growth of the EU, which limits to 3 per cent of the GDP the public deficit. This way, he has remembered that Spain has been a witness of many processes of restructuring of the financial system in the past that have given like turned out a model “of big success”.
The chief of the BCE has underlined that the Spanish economy "presently" approaches at the “higher economic and social level of the entire world”, although it has made the most of the opportunity to remember that before the crisis began the growth boss was not sustainable.
Image CC of World Economic Forum
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JP Morgan and Société Générale foresee historical maxima for the euro

2009-11-27T00:17:00.001-08:00

According to the experts of Société Générale and JP Morgan, the euro might go so far as to mark new historical records opposite to the dollar if it manages to be consolidated over his level of resistance, which is in the status between the 1,50 and 1,5095 dollars

According to Société Générale, as well as another all the strategic analysts, think that, so that the single currency should reach new historical maxima in his crossing with the green ticket there would be necessary, first of all, the rupture of the status of 1,5290 dollars to 1,5305 to be able to advance up to 1,6038 dollars, marked record last July 15 of last year.
This way, one of the mentioned experts has affirmed that “the support status between the 1,4785 and 1,4790 dollars should contain any downward movement until the euro returns to 1,5050 dollars or 1,5095 ″.
And the fact is that the euro went so far as to raise today up to 0,9 % up to 1,4990 dollars, the level the highest intradía from the last ninth of November. This way, it has managed to advance, from 1,2457 dollars that it marked the last fourth of March, about 20 %. It is for it that technical and investing analysts think that the euro is still provided with trip to be able to mark a new maximum in his principal crossing and escape from the side movements that already characterize the euro / dollar for time.

For his part, the analysts of the American bank also trust in the euro. They have cut his forecasts away on the dollar, on having deducted that the Fed will support the ‘types zero’ until, practically, 2011. JPMorgan augurs new historical maxima for the euro towards the second trimester of next year, about 1,62 dollars (opposite to 1,496 current ones), just before bouncing between 5 % and 10 % in the second half of 2010.
Image CC of marfis75
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The slowness of Santander Consumer goes off

2009-11-26T17:59:00.001-08:00

Santander Consumer, the branch of the first Spanish bank group specializing in financing to the consumption, has seen as his slowness has gone off.

This way, the valuation of unpaid of the entity in Spain, his most important second market in Europe after Germany, was located in September in 10,9 %, opposite to 6,5 % registered at the end of 2008, as it gets rid of the Continued Leaflet sent to the CNMV.
The coverage of the doubtful assets has increased two percentage points, up to 65,8 %, due to the effort in provisions realized by the entity: the specific endowment (the one that is done to cover defaulting assets and with signs of deterioration) grew 22 % in the first nine months of 2009, up to reaching 464 millions, on a whole of an investment of 10.345 millions.
In Spain, the valuation of slowness of Santander Consumer is most raised between those of the principal European countries in which it produces the group: Germany has 4,8 %; Italy (the third market), 4,5 %; and the northerly countries, a 1,9 %. In whole, the mulberry of Santander Consumer is in 5,8 %. On the other hand, the fact of Spain is practically in the average of the rest of the financiers of the country that was to September of 9,8 %, according to the information of the Spanish Bank.

Also, the situation of the Spanish economy was reflected in the clipping of the business, with a fall of the new production of credits of almost 40 % in 2008. In fact, in the first months of the present exercise the group started a process of restructuring of the Spanish business of Consumer, which it affected to approximately a third of the staff, approximately 375 employees. As he communicated in his moment, the thickness of the clippings of personnel was carried out by means of early retirement, relocations and encouraged falls.
Image CC of ingenious Daquella
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Facebook and Wikipedia: those that more they quote in Internet

2009-11-26T11:44:00.001-08:00

The web portal Silicon Alley Insider presented the formless “The SAI 50 +: World's Internet Most Valuable Startups”. The above mentioned document describes which there are 60 Internet companies that more they quote at present. Facebook and Wikipedia occupy the first and second place of the edition 2009 of this one so interesting report, he published the official web site of Silicon Alley Insider.

Formless “The SAI 50 +” is headed by the successful social network Facebook, which is valued for about 6.500 million dollars. For his part, the web site Wikipedia, known popularly how “The free encyclopedia”, does it have an approximate cost for 5.000 million dollars.
Realized by Silicon Alley Insider, this classification continues with the companies Betfair, NewEgg and Craigslist, which occupy the third, fourth and fifth position, respectively, and they are valued for 4.500 million dollars, 3.200 million dollars and 3.000 million dollars.
The top 10 of this ranking is completed by the digital companies Mozilla Corp, Yandex, Webkinz, GoDaddy and Demand Media. Next, this finance blog will publish the names of the Internet companies that better they quote and that integrate the list:
01) Facebook
02) Wikipedia
03) Betfair
04) NewEgg
05) Craigslist
06) Mozilla Corp.
07) Yandex
08) Webkinz (aka Ganz)
09) GoDaddy
10) Average Demand
11) QuinStreet
12) Zynga
13) QlikTech
14) LinkedIn
15) Twitter
16) Oversee.net
17) Oanda
18) Habbo
19) TheLadders.com
20) Kayak
21) Lab adjoins
22) AdKnowledge
23) Hulu
24) eHarmony
25) Ozon
26) Ning
27) Tudou
28) Angiés List
29) ReachLocal
30) Indeed
31) Efficient Frontier
32) Gilt Groupe
33) Average Glam
34) hi5
35) Playfish
36) Magic Jack
37) Yodle
38) Minipaper clip
39) RockYou
40) Meebo
41) Average Federated
42) Yelp
43) Thumbplay
44) Playdom
45) Slide
46) Zazzle
47) Diapers.com
48) Stardoll
49) Average Gawker
50) Digg
51) Etsy
52) Mint
53) Metacoffee
54) Huffington Post
55) Commercial Runner
56) Next New Networks
57) Zillow
58) Openx
59) Associated Content
60) Brand.net
It is important to add that this is the second edition of this report. Although the document realized last year denominadó “SAI 25 ″, also valued the principal companies of the digital world, he informed the web of Silicon Alley Insider.
To consult more about this report, do not hesitate to enter to the web site responsible of “The SAI 50 +: World's Internet Most Valuable Startups”.
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The public helps to the motorcar might prevent the restructuring in the sector

2009-11-25T10:09:00.001-08:00

The OCDE (Organization for the Cooperation and the Economic Development) thinks that the public helps that the sector of the motorcar has received, both in the industrial ambience and in the TV/radio commercial, can turn into a ballast so that this industry attacks the restructuring that he needs facing the future.

This way, the OCDE dedicates an entire chapter to the situation of the motor-car industry in his last report on economic perspectives. He admits that the motoring is between the sectors “more struck” for the recession. Nevertheless, it specifies that the fall of the sales of cars has not been deeper than the observed in the past.
The organization admits that the help plans to the buy of motorcars implemented by different countries, between them Spain, have propitiated an increase of the short-term demand, but he warns that measurements of this type will prevent most likely the structural changes that the industry needs in the next years.

In this sense, he suggests once the incentives programs to expire, the sales of motorcars will fall down again, every time, on having talked each other of initiatives limited in the time, the effect that they produce is an advance in the buys. Also, the OCDE questions the efficacy of these plans to reduce the greenhouse effect emission.

On the other hand, the OCDE predicts that the Spanish car market can register in short or half term “a cyclical rebound”, since in Spain - and in other countries as the United Kingdom, the United States or Japan - the sales of cars have fallen down much underneath of what it would be a normal level.
This situation points to that and xisten possibilities that, as a result of the historical fall of the registrations, the sale of cars in Spain should register a “cyclical rebound” in short or half term, although at the same time the report points out that the mature markets as Europe or North America will tend to the "stagnation".
As for the situation of the Spanish industry of manufacture of motorcars, the report augurs a maintenance of the productive capacity in the next five years. This way, he thinks that the factories will be provided with an aptitude to make 2,42 million units in 2015, codes lightly lower than 2,43 million units foreseen for this year.
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General Motors guarantees the Figueruelas future

2009-11-25T03:44:00.001-08:00

Nick Reilly, the new manager of General Motors Europa, he made sure this Friday that the plant of General Motors (GM) Spain located in the locality zaragozana of Figueruelas, will be “a permanent reference” to new Opel Europe and guaranteed his future “in average and long term”.

Nick Reilly, who met in Saragossa the prime minister of Aragon, Marcelino Iglesias, accompanied by the vice-president, José Ángel Biel, and by the advisers of Economy, Treasury Department and Employment, Alberto Larraz, and Industry, Commerce and Tourism, Arturo Aliaga.
In declarations later to the mass media, Reilly aimed that “although GM has to attack a significant restructuring in Europe, the plant of Saragossa will be a permanent reference to we” and added that “like the financial GM situation it has improved we are pleased of being able to support hundred for hundred of the company”.
Reilly remembered that, in the yesterday day, he visited the Spanish factory, what allowed him “to be a witness of the professionalism of the agents of the same one on having been with them on foot of chain and with the managing team, as well as with the trade unions”. “I have the certainty of which we are going to leave behind this suspense period giving a future option”, it concluded.
For his part, the adviser Larraz pointed out that this visit for Aragon “has been very important although it has had very much of institutional” and advanced that the restructuring will be “in the line” of the plan of Great, although “there will be some finishing touches that will not be to worsen it, but to improve it”.
Also he affirmed: "He has commented to us on something important, which is to put a calendar from here on to tackle the restructuring plan and to work jointly with them and with the trade unions in a project that has a lot to do with the one that agreed with Great although with some different details that will not be to worsen it, but to improve it”.
The autonomous Economy holder emphasized that “it is the first time that Reilly visits the plant in depth and her very good impression has taken”. “We are very positively impressed because for us it is good that GM has recaptured this work. We are used to speaking with them that with other companies”, it pointed out.
Also, the adviser Aliaga thought that in the visit they have been revealed “the fortitude of the plant in technological aspects, the importance of two lines of production and three models that are made”. Also he admitted that “it Has made a very positive comment regarding the workpeople and has said that they are very well prepared for the construction of the Meriva”.
Image CC of Alejandro Arce
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Who integrate the “Index of Perception of the Corruption”?

2009-11-24T21:16:00.001-08:00

Previously, this finance blog alluded to the “Index of Perception of the Corruption 2009”, a study prepared by the organization International Transparence that is shaped by the nations that are perceived as the least corrupt of the world. In this occasion, there will be published the names of 180 countries that integrate this document and the position that they occupy in the classification that, as one has already reported, is led again by New Zealand.

01) New Zealand
02) Denmark
03) Singapore and Sweden
05) Switzerland
06) Finland and Holland
08) Australia, Canada and Iceland
11) Norway
12) Hong Kong and Luxembourg
14) Germany and Ireland
16) Austria
17) Japan and the United Kingdom
19) The United States
20) Barbados
21) Belgium
22) Qatar and Saint Lucia
24) France
25) Chile and Uruguay
27) Cyprus, Estonia and Slovenia
30) United Arab Emirates
31) Saint Vincent and the Grenadines
32) Israel and Spain
34) Dominica
35) Portugal and Puerto Rico
37) Botswana and Taiwan
39) Brunéi, Oman and South Korea
42) Mauritius
43) Costa Rica and Macao
45) Malta
46) Bahréin, Cabo Verde and Hungary
49) Bhutan, Jordan and Poland
52) Czech Republic and Lithuania
54) Seychelles
55) South Africa
56) Latvia, Malaysia, Namibia, Samoa and Slovakia
61) Cuba and Turkey
63) Italy and Saudi Arabia
65) Tunisia
66) Croatia, Georgia and Kuwait
69) Ghana and Montenegro
71) Bulgaria, Macedonia, Greece and Romania
75) Brazil, Colombia, Peru and Surinam
79) Burkina Faso, China, Suazilandia and Trinidad and Tobago
83) Serbia
84) El Salvador, Guatemala, India, Panama and Thailand
89) Lesotho, Malawi, Mexico, Moldavia, Morocco and Rwanda
95) Albania and Vanuatu
97) Liberia and Sri Lanka
99) Bosnia and Herzegovina, Dominican Republic, Jamaica, Madagascar, Senegal, Tonga and Zambia
106) Argentina, Benin, Gabon, Gambia and Níger
111) Algeria, Djibouti, Egypt, Indonesia, Kiribati, Mali, Sao Tome and Principe, Solomon Islands and Togo
120) Armenia, Bolivia, Ethiopia, Kazakhstan, Mongolia and Vietnam
126) Eritrea, Guyana, Syria and Tanzania
130) Honduras, Lebanon, Libya, Maldives, Mauritania, Mozambique, Nicaragua, Nigeria and Uganda
139) Bangladesh, Belorussia, Pakistan and the Philippines
143) Azerbaijan, Comoros and Nepal
146) Cameroon, Ecuador, Kenya, Russia, Sierra Leone, East Timor, Ukraine and Zimbabwe
154) Côte d'Ivoire, Papua New Guinea, Paraguay and Yemen
158) Cambodia, Central African Republic, Laos and Tajikistan
162) Angola, Republic of the Congo, Democratic Republic of the Congo, Guinea-Bissau, Kirguistán and Venezuela
168) Burundi, Equatorial Guinea, Guinea, Haiti, Iran and Turkmenistan
174) Uzbekistan
175) Chad
176) Iraq and Sudan
178) Myanmar (Burma)
179) Afghanistan
180) Somalia
Analyzing this table, and as summary, it is important to add that the classification of the perceived countries as it is led the least corrupt of the world by New Zealand. While the worst situated nations are Somalia, Afghanistan and Myanmar, who fill the vacancies 180, 179 and 178 of the ranking, respectively.
To consult the study “Corruption Perceptions Index 2009”, known in Spanish like “Index of Perception of the Corruption 2009, it is necessary to enter to the official web site of International Transparence.
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Can it be the fictitious wealth?

2009-11-24T12:28:00.001-08:00

Now it is the most opportune moment to advance in alternative programs that think about how to make way to a new economy dedicated to serving to the community. To go deep into this target writer David Korten, ex-teacher of the University of Harvard Graduate School of Business, president of the meeting Positive Futures Network and member adviser of the Network of Social Companies has managed to receive the extract of the new economy across his work “Agenda for to New Economy: From Real Phantom Wealth to Wealth” (Agenda for a new economy from the fictitious wealth towards the real wealth).

Work that injects optimism and alternatives to face to the biggest economic crisis of the United States from the big depression.
Korten in his new work identifies the deepest sources of the crisis: the institutions of Wall Street, the speculative commerce, the bubbles of assets and the famous pyramids, between others. Between his most critical comments, the censoring does not escape for the trillion dollars that wore out in rescues from Wall Street, one of the causative institutions of the chaos and expert in the art of creating bogeys of “wealth“ without producing anything of real value.
“This is a part of the comprehension of the current system of Wall Street, which is articulated concerning an illusion, the illusion of which the money is the wealth, which then is translated in the idea of that the persons who are creating or who are gaining money are, in fact, departs from this wealth (…).

The real need, nevertheless, is a transformation bottom-up of our economic values and the institutions to fit to the opportunities of the XXIst century. It is a question of a program of five meetings: the cleanliness of Wall Street, the game for the rules of the market, the free financing of the real economy, the measurement of what really we want, and to turn to the debt without money, made sure Korten.
Image CC of susangleason
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The expense in I+D grew 10,2 % in 2008

2009-11-20T17:29:00.001-08:00

According to the information published by the National Institute of Statistics, the internal expense in Research and development (I+D) amounted to 14.701 million euros in the year 2008, what supposed 1,35 % of the Gross National Product (GDP) and an increase of 10,2 % with regard to the year 2007.

The autonomous regions that realized a major effort in activities of I+D were a Community of Madrid, Basque Country, Jurisdiction of Navarre and Catalonia. All of them presented numbers of intensity in the expense superior to the national average. Castilla-La Mancha, Canaries, Ceuta and Melilla are more dawdlers in this aspect.

While, Castilla-La Mancha, Extremadura and Cantabria were the autonomous regions that presented major growth rates with regard to 2007.
At national level, the sector companies presented the biggest percentage on the entire expense in I+D (54,9 %), which in turn meant 0,74 % of the GDP. There continued in importance the sector Higher education (with 26,7 % of the entire expense, what represented 0,36 % of the GDP). The expense in I+D of the Public administration was 18,2 % of the entire expense and 0,25 % of the GDP. 0,2 % remainder corresponded to the sector of the Institutions Deprived without Ends of Lucre (IPSFL).

The sector of the Public administration presented a growth rate of 13,8 % with regard to the year 2007. For his part, the sector of the Higher education grew 11,8 %. The managerial expense in I+D increased 8,3 % with regard to 2007. The sector companies executed 54,9 % of the entire expense in I+D opposite to 55,9 % of the year 2007.
A whole of 215.676 persons dedicated to activities of I+D, in equivalence to full time in the year 2008, what represented 10,65 for thousand of the working population. The investigators' group reached the number of 130.966 persons in the year, what supposed 6,47 for thousand of the working population.
39,1 % of the personnel in I+D was women. The highest percentages of feminine participation in activities of I+D happened in the IPSFL (56,6 %) and in the Public administration (50,9 %). In the companies this percentage was located in 30,1 %.
Image CC of RinzeWind
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I change in the European Central Bank

2009-11-20T11:13:00.001-08:00

As it was commented yesterday between the diplomatic circles of the EU, Germany will present his candidacy to the presidency of the European Central Bank in exchange for resigning from his interest in the new charges of President and responsible for Foreign policy of the EU.

Meanwhile, the European authorities do not discard that the dinner owing to the leaders' summit of the EU that is celebrated today, in that two new appointments might be announced, extends up to well brought in the dawn for lack of an agreement between the twenty-seven.
A score of names has fought for two positions, although the Belgian prime minister Herman Van Rompuy, has turned into the consensus candidate to assume the presidency. On the other hand, for the first position of the European diplomacy there is no clear favorite.
Although Germany, the biggest state of the EU, no candidate has presented, on Monday there attracted attention the declarations of Wer-ner Hoyer, secretary of the State of European Matters in Germany, which established a tie between two positions and the presidency of the BCE. “When all this has been solved, there will be other positions for covering and Germany should be in the place that corresponds to him”, he made sure.
The presidency of the BCE will remain vacant in November, 2011, when the Frenchman Jean-Claude Trichet moves back after eight years in the charge. Germany has never filled the vacancy, in spite of his importance in the making of the politics of the euroarea. A high German public position was specifying yesterday that Hoyer had not mentioned of explicit form to the BCE. “What he said is that the Treaty of Lisbon had created new charges that have not been covered yet, not only that of president and tall representative of the EU, and that these two had to be covered”, he declared.

In the opinion of the analysts of the private sector, it does not seem probable that there is going to be a compensation element between three positions, although the German chancellor, Angela Merkel, seems interested in that he is the president of the Bundesbank, Axel Weber, which occupies the presidency of the BCE. It is probable that Weber faces the candidacy of Mario Draghi, governor of the Bank of Italy and president of the Committee of Financial Stability.
Another possible obstacle is in France, which is sure that Germany already obtained an important compensation when the governments of the EU agreed in the nineties to establish the central head office of the BCE in Frankfurt. The debate on the appointments centers on reaching partly a balance between the countries of all the corners of Europe and on naming to a center candidate right for Foreign affairs if the elected President turns out to be of center left.
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New Zealand, the most transparent country of the world

2009-11-20T04:52:00.001-08:00

Which are the most transparent countries of the world at present? Next, this finance blog will allude to the already well-known so called study “Index of Perception of the Corruption 2009”. Realized year by year by means of the interviews concision to different persons, this document is shaped by 180 countries that are perceived as the least corrupt of the world. As in the previous years, once again New Zealand takes the distinction of being the most transparent of the planet.

Prepared by the organization Transparency International (YOU), known as Spanish like International Transparence, the study “Corruption Perceptions Index 2009” (“Index of Perception of the Corruption 2009”) drinks a ranking of the least corrupt nations of the planet. It is necessary to add that the above mentioned document can be consulted in the official web site of this organization.
The edition of 2009 of this classification is integrated by 180 countries of the different continents. The above mentioned list is led by New Zealand, which keeps on being the most transparent country of the world, according to the perception of the interviewees.
Denmark occupies the second place of the ranking and Singapore and Sweden they integrate the third position. The fifth place is for Switzerland; the sixth one for Finland and Holland; and the eighth one is integrated by Australia, Canada and Iceland.
In relation to the countries of Latin America, the least corrupt countries, as it is ready prepared by Transparency International, there are Chile and Uruguay, who integrate the position number 25 of the ranking. While Canada is the best posicionado of North America.
As regards other continents, it is important to add that New Zealand, not only it is the least corrupt country of Oceania, but also of the entire world; Denmark is the most transparent of Europe; Singapore is the best posicionado of Asia; and Botswana (also known like Botswana) is the least corrupt nation of Africa.
To finish this journalistic note, adding would be good that the countries worst located in this ranking are: Somalia (Nº 180); Afghanistan (Nº 179); and Myanmar (Nº 178).
Image of Wikipedia
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The buying and selling falls down 17,2 %

2009-11-19T14:13:00.001-08:00

In September the housings buying and selling reduced 17,2 % as regards the same trimester of the previous year, up to a whole of 37.621 operations, of which 53,5 % was carried out on new housings and 46,5 % on second-hand real estate, as he informs the National Institute of Statistics (INE).

This interannual fall registered in September s upone to return to descents of two digits after in August the operations of buying and selling of real estate were going down lightly this level for the first time in 16 months on having registered a decrease of 9,9 %.
Although in September there sharpened the interannual descent of the buyings and sellings of housings, this fall is one of more moderates of the whole series. This way, except for the August, 2009 (-9,9 %) and that of April, 2008 (-7,1 %), the interannual September reduction can be considered to be the lowest from January, 2008.

Also, it is necessary to bear in mind that the housings buyings and sellings have usually moved in falls superior to 20 %, with a maximum of-47,6 % reached in April of this year.
In the first nine months of the year these operations accumulate a reduction of 28,8 %. Nevertheless, in intermonthly valuation the housings buying and selling increased 10,6 %, in contrast with the descent of 8,2 % experienced in August.
Against the habitual tendency, the regression of these deals was major in case of the new housings, where the buying and selling of this type of real estate stepped back 19,5 % in interannual valuation, up to 20.123 operations, being very top to experienced in August (-6,5 %).
The buying and selling of secondhand housings for his part, fell down 14,4 % in September with regard to equal month of 2008, up to adding 17.498 deals. This descent overcomes lightly the registered one in August, when the buying and selling of secondhand housings lowered 13,7 % interannually.
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The Spanish Bank supports the merger of 15 savings banks

2009-11-19T07:40:00.001-08:00

Miguel Angel Fernández Ordóñez, the governor of the Spanish Bank, defends the need for a rapid and deep restructuring of 45 savings banks that at present operate in Spain and he thinks that up to the next spring “at least fifteen boxes should fuse with others” since at present numerous conversations exist with regard to this consolidation process in the sector.

In an interview granted to the newspaper ‘Financial Times‘ he affirms that “at least fifteen entities should fuse with others. If we have recovery, I believe that it will be able to be managed in these numbers, but if there is no recovery in Europe and the crisis continues that we will have more problems”. Also it indicates his confidence in that “next spring the restructuring of these entities should have taken place”, since “at present there are many, many mergers in discussion”.
As regards this, the British newspaper emphasizes that the quoted Spanish commercial banks have resisted up to the much better date the impact of the financial crisis that the rest of his international competitors, but it points out that and l segment of the savings banks, not quoted, with structures accionariales opaque and frequently highly politicized and tied to political interests of the regional governments they snatched market share from the banks in the icy moment of the past real estate "boom" and now they are provided with a high exhibition to the failure of real estate promoters or to the high slowness.
This way, the governor of the Spanish Bank admits that the politicization of the savings banks makes the solution “more complicated”, therefore he emphasizes the creation of the Fund for the Bank Tidy Restructuring (FROB), provided with up to 99.000 million euros, and underlines that this way it is claimed that “the taxpayer pays the least possible thing”, in contrast to the happened in other countries, while he recommends a major rationalization and cost reduction.
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Iberia loses 182 millions

2009-11-18T18:50:00.001-08:00

As he has communicated Iberia to the National Commission of Values (CNMV), the Spanish airline obtained a few losses for 181,9 million euros in the first nine months of the year, opposite to the profit for 51,1 million euros that it registered in the same period of the previous year.

The air company, which on Thursday approved his merger with British Airways, obtained an operating profit before taxes, interests, amortizations and rent of fleet (Ebitdar) for 69,7 million euros, 81 % less than in equal period of 2008.
Nevertheless, the income of development of the airline came up to 3.337,2 million euros, what supposes a descent of 19,5 % with regard to the period in January - September, 2008. Excluding the income not appellants, the income of development of the airline would have fallen down 19,1 %, up to 3.333 million euros, owed fundamentally to the reduction of the income of air traffic.
In this respect, the company has announced that “although the reduction in passengers' terms seems to have touched fund, the demand proves to be very sensitive at the prices, especially in the length I remove”.
Iberia has shown that the air sector in Spain “faces a few exceptionally difficult “circumstances”, with an internal traffic that is suffering the impact of the economic recession and the new competition that supposes the lines of the BIRD, especially in the trajectory Madrid - Barcelona.
Also, Iberia has emphasized that these results are "significantly better than achieved in the first two trimesters of the year, despite being worse to those of the previous period, when it accumulated a few losses for 165 million euros.

Nevertheless, in spite of these numbers, the airline thinks that his financial s ituación and of liquidity “it keeps on being solid”, with an exact available balance for 1.582,5 million euros, a 1,2 % more than at the end of 2008, with an exact clear indebtedness for 1.170,5 million euros, more 15,6 % with regard to the number reached in 2008.
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The sale of second-hand cars diminishes 5 % and 7 % in 2009

2009-11-18T06:27:00.001-08:00

As has affirmed in the opening of the special edition of the Lounge of the Vehicle of Occasion of Madrid Juan Antonio Sánchez Torres, president of the National Association of Sellers of Vehicles to Engine (Ganvam), the sales of cars of occasion will fall down between 5 % and 7 % during the present exercise, up to being located concerning 1,4 million units.

This way, Sánchez Torres has indicated that the forecast of fall of the sales of secondhand cars will be located closer to 5 % than to 7 % at the end of the year, thanks to the revitalizing effect that has had the starting of the Plan 2000E and the recent enlargement of the term of execution.
This way, the maximum responsible for Ganvam has affirmed that the program of direct helps has a very positive economic effect to the motorcars buy and that also it is useful to establish a favorable frame towards the buy of both new and secondhand vehicles.

This way, the deliveries of second-hand motorcars accumulate a fall of 8,7 % in the first nine months of the year, with 992.200 units, according to information of the “Report on the Market of Vehicles of Occasion” prepared for Ganvam. Of this whole, 9 % of the sales has taken refuge in the Plan 2000E.
The deliveries of second-hand cars in Spain overcame in 37,5 % to those of new motorcars, what is translated in a relation of sales of 1,6 vehicles of occasion commercialized by new each one. These numbers represent the highest relation of the history and answer to the withdrawal of the demand of the market of new motorcars provoked by the economic crisis.
The direct incentives to the vehicles buy have motivated “a light upturn” of the sales in the last months of this year, as affirms the management one of the sellers of motorcars, with an increase of 2 % in the last trimester of the year, what it has taken to the Association to check to the rise his estimations for the closing of 2009.
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Phone companhy gains more 0,3 %

2009-11-17T22:29:00.001-08:00

As has informed Phone companhy in a bulletin sent to the National Commission of the Stock market (CNMV), the group of telecommunications increased his net profit 0,3 % in the first nine months of the year, coming up to 5.610 million euros, reported today the group in a bulletin sent to the National Commission of the Stock market (CNMV).

Also, the Spanish company added that, without bearing in mind the appreciations obtained by the sale of Airwave and Sogecable in 2008, the net profit of the company in the period increased 6,4 %. This way, the entity directed by César Alierta registered a few income for 41.721 million euros in the first nueves months of the year, 3,3 % less with regard to the number of the same period of 2008, while the operative result before amortizations (OIBDA) reached the 16.647 opposite to 17.026 million euros registered in the first nine months of 2008.

This way, the Phone companhy told that the business in Spain registered a “strong increase” of the commercial activity in the third trimester of 2009, with significant progress in all the services, and with a “light deceleration” in the rhythm of interannual descent of the income in the last three months.
This way, the company has shown that the containment of costs and of the investment allowed to limit the pressure of the income. The clear amount of the business number of Phone companhy in Spain was located in 14.655 million euros, 6,7 % less than in the first three trimesters of 2008.
Of the same way, Phone companhy has emphasized the good performance of the group in Latin America, where his income grew a 1,9 % until September, an increase that was located in 5,8 % assuming types of constant type and including the Telemig consolidation from January until March, 2008. As for the income of the signature in Europe, these diminished 5,9 %.
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The dollar keeps on weakening

2009-11-17T16:12:00.001-08:00

The dollar does not stop detaching, and the fact is that the euro changes again over 1,50 dollars and is supported in annual maxima. This new sample of weakness of the American currency coincides with a few declarations of Tim Geithner, American secretary of the Treasure, in which he repeated that a strong dollar is “very important” for the United States.

This way, Geithner has affirmed that he considers “deeply important for the United States and for the health of his economy to support a strong dollar”
The European currency has touched today a maximum in the meeting in 1,5045, dollars, very close to the previous annual roof of October 26 of 1,5063. In what goes of year, the euro has appreciated 7,63 %, while from the minimums of March 1,25, it has gained more than 19 % with regard to the dollar.
Traditionally the American monetary persons in charge have proved to be favorable to a strong dollar, but they seem not to be capable not of remedying his erosion that, on the other hand, helps to stimulate the American exports.
In addition to with regard to the euro, the dollar also has yielded with regard to the rest of more important coins. In particular, one has depreciated about 15 % from the maximum value reached previously during this year as regards a basket the six strongest currencies.
Robert Zoellick, the president of the World Bank, has sent today a message to the USA. as regards this situation. This way it has urged to the country prison for Barack Obama to contain his big deficit and to support the credibility in the dollar, which depreciation worries to the rest of the economies of the region Asia - Pacific Ocean.
The president of the World Bank, which is in Singapore to inform in the Forum of Economic cooperation Asia - Pacific Ocean (APEC), has affirmed that immediately after the financial crisis the national banks will have to raise in the short term the option to diversify his reservations in currencies till now dominated by the dollar, to give entry to other coins, as for the example the Chinese yuan.
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GM will load with the costs of sanitation of Opel

2009-11-13T14:10:00.001-08:00

Angela Merkel, has confirmed that, after the decision of General Motors not to sell Opel to Great, the American group General Motors will have to pay with his own money the principal cost of the sanitation of the European manufacturer of motorcars.

This way, the chief of the German Government has raised this claim in his first Government declaration before the Bundestag, the German parliament, from the formation of the new coalition government between Christian Democrats and liberals that it implies his reelection as prime minister of Germany.
Merkel has made use of this intervention to reproach hardly the American car group, warning that he will not be the German taxpayer who assumes the principal load of the sanitation of Opel, and accusing GM of “of without doing justice to his responsibility like consortium counterfoil”.
Nevertheless, the German chancellor emphasized the disposition of the authorities of Berlin and the four federated states with plants of Opel to contribute his help for the restructuring of the mark Opel. Also, Angela Merkel has pointed out that it was in expectation that General Motors presents a plan of solid future for the European motorcars manufacturer. Of the same way Merkel he remembered that the Opel workpeople have done in the last big months sacrifices and have hoped that General Motors should have a trustworthy performance, but “they have turned out to be deeply disappointed”.

Also, referring to the recent decision of General Motors to suspend the process of sale of Opel to the group south wind - Canadian Great, and without concealing his annoyance, the chancellor said that he was sorry that the operation, which was provided from a beginning with the support of Berlin, has not carried out finally. Also it pointed out that the German authorities hope now that GM should be sick before the present month finishes the credit bridge of between 800 and 900 million euros that Opel has received from the German Government to assure his survival while his future was decided.
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I match between British Airways and Iberia

2009-11-13T07:12:00.001-08:00

British Airways discusses if it closes a minimums agreement with Iberia, and the fact is that to the British airline the term is finishing him to decide if he accepts a minimums agreement with Iberia with which to be able to begin the merger or break definitely the negotiations with the Spaniard.

The executive organ of the British air company will decide if an intentions agreement signs with his partner, later to be detailing the particulars during the next months, for itself to close the legal fringe facing the spring 2010.
This agreement should sit the principal lines of the operation. On the one hand, it would fix the financial head office, which would be located in London, and the social head office, which would take Madrid as a destination. On the other hand, also would notice who there will be able to choose the president of the new holding, which in this case would be Iberia and who will name the manager, who would be British Airways.

Also, it is necessary to close also the whole of members in the council of one and another group. The habitual thing is that the organ is composed for between 11 and 13 persons and that it has the same number of members of both companies, having the vote of grace the manager.
Also it would be established also l to equation of swap that would be near to 55 % for British Airways and 45 % for Iberia, although at the end of yesterday and bearing in mind the stock-exchange capitalization of both airlines, the proportion should be a 58 % for the British group and a 42 % for the Spanish airline.
Until now this minimums agreement and ra complicated because both airlines had different pretensions. Iberia wanted to include too many details and British not. In the last days, the British company has solved one of the big questions that him arose in this process: to know the new president of the maximum shareholder, Caja Madrid, of his Spanish partner before taking the definitive decision.
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Hochtief will extract to bag his authorizations branch

2009-11-12T19:32:00.001-08:00

The German construction group controlled in 30 % by ACS, Hochtief, has announced that it will place in bag his authorizations branch before end of year “whenever a suitable environment of the market is supported”. This branch is valued for 1.540 million euros, according to the information of closing of last June, and counts with a portfolio integrated by six airports, highways and tunnels that add 750 kilometers long, 89 schools, between others.

Between all these assets they emphasize, as for freeways, three routes, in Germany, Australia and Greece, respectively. In what there refers to airports, the Germans of Dusseldorf and Hamburg, the international one of Athens, that of Budapest, that of Sydney and that of Tirana (Albania).
This way, Hochtief Concesiones has emphasized his aptitude to keep on generating positive net profit (although minor) despite the current conjuncture of economic crisis. At the end of last September it registered a profit of 28,4 millions, half of the registered one one year earlier. The company makes sure that this information and the cash flow that generate his assets constitute “an indicator of which they will be capable of paying dividends”.

As the company has advanced, the mentioned laying will include also a share offer of sale (OPV) and an enlargement and capital subscription, without specifying still the percentage of his share capital that it will place, although it guaranteed that the group will preserve the majority. This way, with this exit to bag of his authorizations, Hochtief chases “to help to finance the growth” of this business branch in which he foresees to invest 500 million euros in the project portfolio that it already manages during the next five years, of between those that there emphasizes that of the airport of Budapest, which will suppose an amount of 321 millions.
This way Peter Noé, the future manager of Hochtief Concesiones and member of the Executive board of the group, he has emphasized the potential of growth that presents the market of construction and infrastructures management. Also he added that they want “to make use of these opportunities, we are ready to go out to bag”.
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Yoigo predicts for 2010 a price war

2009-11-11T10:51:00.001-08:00

Yoigo, which is already the fourth operator of mobile telephony in Spain foresees that during 201 a price war takes place in the sector of the operators of telephony. This way, the manager of the company, Johan Andsjö, affirms that margin still exists so that the companies lower more his tariffs and that the operators support high prices that, due to the crisis, will not be able to be supported.

This way, manager has predicted for 2010 the consolidation and, even, an increase of the current tendency in the descent of the prices of the telephone operators. “2010 will be a year of price war”, he confirmed.
For Johan Andsjö, the current situation of economic crisis is not ideal for the appearance of new competitors on the market of the operators. Also, he thinks that many of the virtual mobile operators (OMV), that is to say, companies without proper network that rent the networks of the principal agents of the market, will disappear as a result of the adverse economic conjuncture.

As for the piracy, Andsjö has thought about the polemic decision the French Government to apply courts in the Network to finish with the illegal discharges in Internet. According to the executive of the measured above mentioned Yoigo, who might come very quickly to the United Kingdom and Spain, it is not the best way of fighting the piracy: "This measurement is not effective. The operators we cannot determine what is legal and what not; this is not our task”. According to the opinion of Johan Andsjö, to cut the access to the network supposes to assume more proper functions of the police.
This way, these declarations coincide with the approval that it has carried out today the European Union according to that the administrative authorities of the Member states will be able to cut the access to Internet without previous judicial order. The above mentioned cut will be able to be applied to those users who unload contents protected by copyright, as they have already requested France, the United Kingdom or Spain.
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Caixa Gallicia and Caixanova close to fusing

2009-11-11T04:30:00.001-08:00

The panorama in the Spanish savings banks continues a very clear tendency before the crisis: to join before the adversity. This way we are living through an authentic mergers wave in different autonomous regions, and now it is Gallicia who has taken the determination to join to his two boxes.

Caixa Gallicia and Caixanova already prepare a process of merger that can derive in the creation of the fifth savings bank of the country for assets volume. With the current numbers there would become the fourth one, but they would turn out to be overcome by the process in which immersed Caixa Catalunya is with Tarragona and Manresa. This way, Caixa Gallicia and Caixanova would add almost 71.000 million euros in assets, being Caixa Gallicia slightly major than his futiro associate: 45.000 millions for 26.000 of Caixanova. Also, between both financial institutions they add more than 1.400 offices. Nevertheless, notable duplicities exist between his networks that would allow a notable cost efficiency.
On the other hand, the process would be provided with the help of the Fund of Bank Tidy Restructuring (Frob), created precisely to support the entities integration. In slowness terms, two Galician entities were overcoming 4 % in June, in line practically with the average of the sector of savings banks.

The team of president of the Galician autonomous government, Alberto Núñez Feijóo, met recently the Caixanova dome and that of Caixa Gallicia. To these meetings not the proper Feijoo on having been in Madrid in the meeting of the National Executive board of the PP. In his comeback to Gallicia, the president of the Xunta said that his Government will adopt a definitive decision “once evaluated and studied” the account of results of both boxes. The Galician Executive tries to make his position public before the year finishes.
Guillerme Vázquez, the national spokesman of the Nationalistic Block Galego (BNG), gave for fact that there will be merger between both boxes, be already by means of a full integration or across an Integral System of Protection (SIP). For his part José Blanco, the general vicesecretary of the Spanish socialist party and the minister of Promotion, allowed to make out that he would prefer that the Galician boxes were looking beyond his territory for possible merger processes.
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Finally General Motors will not sell Opel to Great

2009-11-10T14:11:00.001-08:00

After a meeting in Detroit, the council of administration of General Motors, he has decided not to sell finally Opel, his European branch, to the Great Canadian company International. The sale of Opel was like the principal point of the agenda in the meeting that there celebrated at the beginning of November in Detroit 13 members of the Council of Administration of General Motors.

Fritz Henderson, the manager of GM, has told by means of a bulletin, that the American group has decided for studying the possible Opel restructuring and has announced that shortly it will present a concrete plan to the German Government. This way, the manager of GM, who till not long ago was defending the option of the sale to Great, has affirmed that they are “conscious of the complexity and scope of this matter, and of the depletion that has provoked all the affected ones”, but that “from the beginning, our target has been to assure the best long-term solution to us for the clients, personnel, providers and concessionaires, and this is precisely what is reflected in the decision that we have adopted today”.
Also, also he declared that they understand that “this decision is the stablest and that of minor cost to assure the future of Opel and of Vauxhall (another mark that was going to be sold) in the long term”.

GM has communicated that the final decision has owed to “the progress of the business conditions” that there have observed in the last weeks, in addition to the importance of two marks, Opel and Vauxhall, which were in sale.
Also, the agreement of sale of Opel to Great was including an agreement that was involving also the German government, according to which the Germany would offer financing to the company for several of thousands of million dollars to attack the restructuring, while Great he was promising to invest 500 million dollars. Nevertheless, GM has chosen to remain with the German branch and attack your own restructuring, in which he thinks that he will end up by investing approximately 3.000 million euros.

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The European Investment Bank supports Spain

2009-11-10T07:47:00.001-08:00

The government of Spain signed an interesting agreement with the European Investment Bank (BEI) to keep on improving the Spanish railroad network. The financial organism will contribute a sum of money that is about 5.000 million euros for the project financing of high railroad speed in Spanish territory, as one informed some days ago from the proper Presidency of Spain.

In an act realized in the city of Madrid, the minister of Promotion, José Blanco; the president of the European Investment Bank (BEI), Philippe Maystadt; and the president of the Manager of Railroad Infrastructures (ADIF), Antonio González, they signed an agreement to finance investments in lines of high speed to Extremadura; to Alicante and Murcia; to Burgos and Vitoria; and to Gallicia, he reported the web site of Presidency of Spain, that he added that these projects will be carried out during the year 2010 and 2015.
As regards this topic, the minister of Promotion of Spain, José Blanco, said that the European Union turns again into a principal actor for the progress of the above mentioned country, published the web site of this secretariat of the State, who added that the leader believes that the high speed plays an important roll for the progress of any country contributing, for example, to the sustainable development.
On the other hand, the person in charge of the European Investment Bank (BEI), Philippe Maystadt, expressed that the agreement will think about how, between other things, to improve the transport network in Spain, informed the web, which added that across these projects more jobs will be created.
According to the Presidency web page, this is the third agreement of similar characteristics that sign the government of Spain and the European Investment Bank. The previous ones were realized in the year 2002 and 2006 and the investment was 20.000 million euros in whole. It is important to emphasize that successful results were achieved in both occasions.
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Metrovacesa and the management of his debt

2009-11-09T14:00:00.001-08:00

The BBVA has communicated to the National Commission of the Stock market (CNMV) that the operation in which it moved 7,9 million actions of Metrovacesa to an average value for 45 euros for action, the double of the price of market, is an only one transfer from his branch Shelters BBVA, “without the above mentioned transmission having implied some hereditary effect“.

This price supposes more of the double of the yesterday closing price, of 20,98 euros. When BBVA entered the capital of the real estate agency, it did it at a price for 45 euros for action. This way, the bank has been confirmed across by the CNMV that limited itself to penetrating the control of this participation “from Singular Anida Operaciones (branch 100 % of BBVA) to BBVA”.
Nevertheless, on the financial markets one speculates on the possibility of that puediera there is an investor of the Arab Emirates might be interested in acquiring, together with surface rights of certain property assets of the group, a percentage accionarial significantly of the real estate agency.
Metrovacesa, that after the exit of Román Sanahuja of the presidency and the delivery of his actions to his deserving banks in exchange for debt cancellation, there is controlled from the beginning of the year by a group of financial institutions, composed fundamentally by Santander, Banesto, BBVA, Box Madrid, Sabadell and Popularly, adding up between every 65 % of the capital of the real estate company.

At present, and after completing a process of internal restructuring, Metrovacesa is immersed in a process of refinancing of his debt to the corporate deserving banks led by Barclays and Royal Bank of Scotland, being located the debt of the group over 6.000 million euros after the shake who for the company supposed the Spanish real estate crisis
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The difficult decision of the BCE

2009-11-09T06:19:00.001-08:00

The European Central Bank (BCE) is the manager of deciding the increases or descents of the interest rates for the Euro area. That the most difficult task takes a fancy when it is a question of an area integrated by different economies that grow to different rhythms. This way, Germany already asks for an increase in the interest rates, while for countries as Spain or Ireland it would ballast enormously he would suppose a pernicious situation.

At present the types are in 1 %, but the European Central Bank will face a complicated quandary in the next months because everything points for which the economies of the region will go out of the recession to different that would need different measurements. Some economies as the German or the French might need a few increases of types that would be very harmful to Spain.
Gilles Moec, economist of Deutsche Bank in London, thinks that “the BCE will have to normalize the types next year and this will beat to countries like Spain and Ireland that they will remain in recession and loaded with a big heap of debt”, he mentions. Moec foresees that the institution presided by Jean-Claude Trichet will duplicate the types at the end of 2010, which at present place 1 % in what it is his historical minimum.
The principal economies of the Euro area, which are Germany and France, have already gone out of the recession in the second trimester of this 2009, there being registered positive interquarterly growths. Also these two countries will support the footpath of the recovery in the next trimesters of the year and will grow 0,2 % in 2010 according to the forecasts of the European Commission.

Exactly in the opposite situation there is Spain, which according to the said forecasts of the European Commission will be the only one of between the big States of the EU that supports a negative growth in the fourth trimester of this year, and which will suffer the biggest budget deficit of the region. Also, the Commission foresees that our economy contracts 0,9 % in 2010.
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The fifth biggest bankruptcy of the USA

2009-11-08T19:42:00.001-08:00

CIT, the American financier specializing in credits to students and pymes, has declared himself in bankruptcy. This is the fifth biggest failure of the history of the North American country and it makes the bogeys of the crisis reappear after the first signs of recovery of the American economy.

This way, CIT with a few assets for 71.000 million dollars, is the fifth biggest company that Worldcom and General Motors brings in in failure in the history of the United States, behind Lehman Brothers, Washington Mutual.
The creditors have already agreed a plan of restructuring of the company, with which they hope to go out of this situation. On the other hand, The subsidiary CIT operators, including the CIT Bank, have not been considered in the failure declaration, and hope to be able to keep on working as they had doing it. CIT glides to reduce his entire debt in approximately 10.000 million dollars.
The Department of the American Treasure has affirmed that the Government will not be a capable great derecuperar of 2.300 million dollars with what it helped to the entity, if perhaps it manages to recover something.

CIT Group, which was founded in San Luis in 1908, is provided with a credit portfolio superior to 65.000 million dollars, is present in more than fifty countries and operates in an about thirty of sectors.
The bankruptcy to to the one that has turned out to be exposed due to his excessive exhibition to the mortgage loans and to students with a high risk profile, supposes giving lost 2.300 million dollars that the American Government has invested to try to save the company. This way, since the financial crisis began, the Government of the United States has invested nearly 400.000 million dollars trying to rescue companies with problems, especially insurers and manufacturers of motorcars.
In order to a temporary employee gone out of the bankruptcy facilitates, the financier has managed to reach an agreement with the businessman Carl Icahn, who has promised to support the plan to go out of this situation with 1.000 million dollars in financing.
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The sale of motorcars grows in October

2009-11-08T13:18:00.001-08:00

For the second month in a row, in October the sales of vehicles have increased. This way, or the registrations have increased in 26,4 %, amounting to a whole of 98.202 units, according to the information facilitated by the National Association of Sellers of Vehicles to Engine (Ganvam) and the Federation of Concessionaires' Associations of the Motoring (Faconauto).

This increase supposes the second monthly ascent, after the increase registered in September, which came up to 18 %. This way, the change of tendency seems to be confirmed on the car market thank you mostly to the direct helps gathered in the Plan 2000E.
Nevertheless, in spite of the latter information, the annual piled up one of registrations it is 775.378 units, 24,4 % less than January - October 1.025.000 of last year, fourteen percentage points less than the obtained one in June, the first one in the one that the effects of the Plan saw 2000E, that came into force on May 18.

This increase of the market is taking place thanks to a strong growth of the demand, especially of the individuals' buys, which until a few months ago he was suffering a few strong falls, but which 54,9 % was happening to increase in October, adding up to the buys of the companies not alquiladoras, that show an advance of 28,3 %.
On the market of the vehicles of rent, the buys have diminished 29 % in October, supporting his valuation of negative change in 58,5 % in what it goes of year.
As have affirmed the associations previously said, the Plan 2000E, that was started jointly by the Government, the Autonomous regions and the manufacturers and importers, is “a key piece in this improvement of the market”. Also it affirms that “the decision adopted as the Government to renew the above mentioned Plan until the end of the year and a possible endowment for the next one included in the General Budgets, has been valued positively by all the classes of the sector, especially in such a complicated economic moment”.
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Spain, the European country with more I give birth

2009-11-08T06:54:00.001-08:00

Spain is already not the country of the EU with the highest unemployment valuation, since hard recession has been overcome by Latvia, which economy crosses one especially with a contraction of the GDP of 18 %. This way, according to the Eurostat information, the unemployment valuation in the Latvian country has increased 1,1 points up to being located in September in 19,7 %, 4 tenths over the Spanish valuation, which has been located in 19,3 % due to the increase in 5 tenths of the valuation.

For his part, the unemployment in the Euro area has raised a tenth again last September up to 9,7 %. It is a question of the biggest valuation of unemployment reached by the countries that share the single currency from 1999.
Nevertheless, although Spain has stopped being the country of the EU with a major unemployment valuation, it keeps on increasing in many major proportion than the average of the EU. This new increase of the unemployment in the countries of the euro similar to that of August, places the unemployment valuation in his highest level from January, 1999.

For the whole of the European Union, the increase of the unemployment was also of a tenth in September, what placed the valuation of unemployment of the union in 9,2 %, what supposes the worst fact in more than ten years.
Translated for number of persons, the unemployment affected in September to 22,213 millions of of European citizens in age of working. 5.011 millions are this number more than in the same month of 2008. For the countries of the Euro area it affected to 15,324 million, 3,204 millions more than one year earlier, according to the Eurostat information.
For the positive side, the only countries in which the unemployment did not grow were Belgium, which was supported with 7,9 %, Germany (7,6 %), Malta (7,2 %) and Slovenia (5,9 %), while Holland, with only 3,6 %, is the country associate with the lowest valuation, most followed by Austria (4,8 %), although both countries registered monthly increases of a tenth.
Image: Manuel Atienzar
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Brazil thinks about how to be the fifth economy of the world

2009-11-07T23:07:00.001-08:00

Brazil is the country with the most powerful economy of Latin America and member of the G13 (the G8 more five emergent economic potency). This South American nation wants to keep on growing and it will have a lot of possibilities of doing it in the next times. Some days ago the president of Brazil, Luis Inácio “Lula“ Da Silva, redoubled the bet and affirmed that his country will work untiringly to turn into the most powerful fifth economy of the world.

Brazil has a very promising future. The South American country will have two only opportunities to demonstrate what is capable of doing across the organizations of the World cup of Soccer and the Olympic Games, to be realized in the city of Rio de Janeiro in 2014 and 2016, respectively.
But although these sports events are important for the future of Brazil, there are other topics of vital importance for the above mentioned country.
In the last hours, the president of Brazil, Lula Da Silva, said that his country will work after one of five nations becomes with the most powerful economies. It is important to clarify that at present his economy is the ninth one more important than the world, according to information of the Wikipedia in Spanish, which also he adds that it is the principal one of Latin America.
The chief alluded to a study realized by the World Bank (BM) that expresses that, if it continues the growth, Brazil might turn in 2016, the same year in the one that the Olympic Games of Rio de Janeiro will develop, in the fifth biggest economic potency of the world.
During the radial program “Breakfast with the President”, the president Lula Da Silva expressed that it is going away for a good way. According to the chief, the economy, the industry and the commerce are growing, employment is generated and the wage mass increased”, he reported the web site of Brazilian Presidency.
From the proper government this information of the World Bank has taken as a challenge. Lula expressed that it is necessary to do the things well; as for example to increase the credits and to reduce the tariffs to cheer the Brazilians to buy up products, he published the web.
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Japan supports the types to 0,1 %

2009-11-07T16:43:00.001-08:00

The Japanese country has characterized in the last decade for a politics of bajísimos interest rates, and this epoch of crisis seems that it is not going to change his strategy. This way, the Bank of Japan (BOX) has decided to support the interest rates in 0,1 %, appraises to the one that they are from December, 2008.

Also, the Japanese issuing entity (equivalent to our Banco Central Europeo) agreed to support some of the extraordinary measures that were taken in the autumn of last year, this way to keep on providing of liquidity to his markets. The governors' meeting of the Bank of Japan has decided, in an unanimous way and after a meeting of an entire day, to support the interest rates, which previously had reduced from 0,3 % 0,1 % last December, this way to try to stimulate the crecimento of his economy, the second economy of the world.
At the same time, the entity agreed to extend until March, 2010 his program of extraordinary loans to the companies, this way to be able to assure the stability of the markets. Also he decided that, as was foreseen, at the end of this year they will conclude his buy operations to the banks of managerial debt.
The Bank of Japan has told that, although the problems are supported on the financial market, this one has been “showing increasing progress signs”, especially as for the bonds markets, having achieved this way the due targets. L to Japanese financial institution it had put into practice in autumn 2008, in full economic crisis, a series of extraordinary measurements to facilitate the access to instruments of financing across a low interest for the companies.

Japan, considered the second world economy especially for his preponderant commercial role, left the recession in the second trimester of this year, after his Gross National Product (GDP) grew 2,3 % to annual rhythm.
Image
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The USA. will reduce the wages of the public enterprises

2009-11-07T10:17:00.001-08:00

The president of USA. UU, Barack Obama is ready to finish with the wage outrages and the excessive bonus of the executive high places, especially of the companies taken control with public money in the plans of financial rescue.

This way, and l department of the American treasure would be preparing a plan so that the managers of the mentioned companies and banks that have received public helps diminish 50 %, the entire remunerations, including the bonus, according to the sources consulted by Bloomberg and The New York Times. This would suppose that the fixed salary that they perceive in cash, and the bonus does not count (that includes actions, options on actions, insurances and pension funds), would turn out to be reduced in 90 %, if it is compared with what they charged the previous year.
Between these high charges the managers are at the head of the big financial institutions as Citigroup or Bank of America, which they will be most affected by the plan that the Treasure will present the same week. And the fact is that the indignation for the high wages of these managers and the millionaire indemnifications that many of the managers have received on having left these companies they have "bothered" to the administration Obama on having seen how the population was getting indignant on having been witnesses of how some of the principal culprits of the crisis were going away of "rositas", and for more inri, there being pocketed the public money of the financial rescues.
The target of this new plan is that seven companies and entities that have received the principal game of public money cut away the fixed salary of his 25 executives better paid in 90 %. In some cases, the salary in cash that they receive might be compensated by remuneration in actions, but they would have restrictions to sell them, avoiding so they could support the salary carrying out this "pitfall".
Timothy Geithner, the secretary of the American treasure, already gave a notice hours earlier on having dropped a hard comment on that the massive bonus payment in Wall Street has been “deeply offensive” while companies were rescued with money of the taxpayer.
Also, there has been created the figure of observer of these supersalaries, Kenneth Feinberg, it will have to supervise expenses as the services of limousines or the trips in private planes, whenever.
overcome 25.000 dollars.
Image: clspeace
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BM and Uruguay bet for schools on time I complete

2009-11-06T23:13:00.001-08:00

The World Bank decided to keep on supporting Uruguay with the implementation of schools of finished time in territory of the South American country. As it was possible to know, the authorities of the international financial organism considered to be opportune to expand his support to the so called initiative “Third Project of Support to the Uruguayan Public School”, across the granting of a new millionaire loan.

A whole for 29,9 million dollars will be destined to the government of Tabaré Vázquez to continue with the construction, opening and starting of schools of finished time.
This way it has been decided by the authorities of the World Bank who resolved to keep on supporting to the Third Project of Support to the Uruguayan Public School, an initiative known also like Mecaep. The BM will grant to Uruguay an important additional loan for 29,9 million dollars, he reported the official web site of the BM.
Across this interesting he programmes, one looks for the expansion of the model of schools of finished time; the progress the formation system in teachers' service and the incorporation of teaching materials; as this way also the strengthening of the capacity of evaluation and monitoring of the educational areas, he published the web.
Between other things, there wants to increase the number of students who study in these educational centers, it spread the web page of the BM, which added that at present there are 35.670 inscribed pupils and one hopes to be provided with 47.000 in the next two years.
As regards this topic, the Presidency of Uruguay informed that across the Mecaep there has been created until now a whole of 130 schools of finished time, which lodge about 35.670 pupils in the whole Uruguayan territory.
It is important to add that another five educational centers of similar characteristics will inaugurate soon in the departments of Montevideo, Maldonado and Cannelloni, he informed the web page of Presidency, which added that during the year 2010 one will begin to construct some more.
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How does the financial system work

2009-11-06T16:47:00.001-08:00

From the abandonment of the gold standard in 1971 and the appearance of the fiduciary money the financial system has been growing blindly flooding all the stages they were putting themselves him ahead.

The excess of (petro) dollars in the 70s flooded Latin America generating an important economic boom that preceded the crises of the debt of the 80. Later Japan achieved a commercial surplus as one had not seen until now, that it was allowed him to supply of dollars and this way to create a real estate bubble that has had nearly one decade in recession during the 90. Later this bag of "idle" dollars they went to the east Asian and there supervened the ascent and destruction of the Asian miracle. All these cases have taken the excessive inflow of exogenous dollars as a cause to his economies. At present we are in the bubble of the mortgages subgive priority that it has ended in the global crisis. The history of never finishing.

What we must get out is that a system based on fiduciary money (that is not anchored to any boss) never generates the same lasting prosperity as a system based on a currency that he answers to the real wealth (be the gold standard or any other).
The dollar and the gold, today
At present, the dollar is in one of his minimal values changing concerning euro and a half. In the middle of this descending spiral the federal reservation seems not to have maneuver margin great and there are already different the countries that consider “to leave” of the dollar to support the price of his assets, what there begins to make be in danger the supremacy of the dollar as world currency. This would make stagger the foundations of the current capitalism and he might suppose a long and painful depression if measures are not taken on time. This deterioration of of the dollar has provoked the suspicion of those investing (speculators) who have gone for the most part towards the gold, which is always a big value I shelter in crisis times.
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The Department of Economy takes control of Agrupació Mútua

2009-11-06T10:23:00.001-08:00

Due to the complicated hereditary situation for which the Catalan insurer Agrupació Mútua spends, the Headquarter of Insurances and Pension funds, organism that depends on the Spanish Department of Economy, it has decided to be done under control of the entity. This instability situation has taken place due to the participation of 70 % of Agrupació Mútua in the real estate property development company Habitat.

With this measurement what claims the Headquarter of Insurances is “to safeguard the interests of the policyholders and to guarantee the fulfillment of the contracts” that also affirms that, despite the intervention, “the insurer will be able to continue with the normal development of his business”. On the other hand, this operation involves some restriction neither in the current contracts nor in future contracts, as informs the state organism.
Last year the benefit society communicated that the losses reached 13,5 million euros. And stas numbers were considered to be worrying by the auditor BDO so that it urged to the benefit society to provisionar 60 millions for possible losses derived from his real estate investments.
The insurer was founded in 1902 in Girona and it is provided with 380.000 clients principally in Catalonia and a patrimony for 650 million euros.
Image: Ingenious Daquella
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The newspapers circulation falls down in the United States

2009-11-06T03:22:00.001-08:00

The financial and economic crisis has not been able to excuse to the journalism in the United States. For example, it was known that the circulation of the newspapers in this country has fallen down violently in the last months, if the current numbers are compared with those of the same period of the year 2008, according to numbers handled by the Office of Audit of Circulations of the USA.

It is already not a news that there are different the mass media that have decided to close his doors or have been forced to put the cartel “it sells” through the fault of the durísima global crisis that affects the props of the economies of the countries of the world, even that of the USA.
As it will be remembered, some days ago this finance blog was alluding to one of so many victims of the crisis, the prestigious magazine BusinessWeek, who happened to be a part of the empire of Michael Bloomberg, one of the richest men of the world. This is alone a sample of the damage that has caused the recession in the field of the journalism in the United States.
In the last hours, encouraging information has left to the light for nothing and that demonstrate moreover the bad moment through that the press means live in this country. The circulation of the North American newspapers fell down 10,6 % owed largely to the negative incidence of the financial crisis, although it is not possible to allow mentioning that other one of the causes is the big heyday of the digital newspapers in the USA.
If there are analyzed the numbers of daily circulation of more than 370 American newspapers between April and September, 2009, and they are compared with those of the same period of 2008, are undoubted that this fall of more than 10 % has been very intensive, he reported the web site Chron.com, that there was done echo of informations of the news agency AP, which added these numbers they were spread by the Office of Audit of Circulations (ABC).
It is important to mention that the newspaper The Wall Street Journal is, for the time being, the one that more it sells in the United States, according to the ABC.
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Eurobarometer: Poverty and difficult mortgages

2009-11-05T21:01:00.001-08:00

As indicates the Eurobarometer on Poverty and Social exclusion The Spanish are the Europeans with more difficulties to obtain a mortgage. The community Executive prepares this report from the consultations to 27.000 European citizens carried out between ends of August and middle of September.

The majority (90 %) of the Spanish consulted on the accessibility to a mortgage affirms that it is "difficult" to gain access to this type of credits, while only 6 % thinks that “it is not difficult”, very distant proportion of 74 % of Finns who say to have no problems to obtain a mortgage. Also, in Spain also there happens the biggest percentage of the citizens' EU that “difficulties“ have to gain access to other bank loans (78 %) and to obtain a credit card (55 %).
On the other hand, the year 2010 has been declared by the EU like European Year of Struggle against the poverty. In this context, the Eurobarometer presents to us a situation in which 73 % of the Europeans thinks that the poverty is a situation it is generalized in his country. In Spain, this social perception of the poverty is 66 %, being located below the European average. Three countries in his citizens think that poverty exists more there are Hungary, Bulgaria and Romania, with more than 90 % of the interrogated persons who think this. On the contrary, in Denmark (31 %), Cyprus (34 %) and Sweden (37 %) his citizens consider the best situation.
To determine the poverty concept, the EU places the threshold 60 % of the minimum wage of every country. This way, this situation affects 16 % of the population of the EU, that is to say to approximately 80 million citizens. Nevertheless, only 12 % of the consulted Europeans considers to be "difficult" to come in order month. Of course, 56 % considers it of an "intermediate" difficulty, with what the percentage might be extended. On the other hand, 30 %, it considers to be "easy" to come in order month.

The principal reasons that for the Europeans explain the poverty are the excessive unemployment (52 %), the too low wages (49 %), the insufficiency of the public assistance and of the pensions (29 %) and the excessive price of the housing (26 %).
As for the persons in charge, for 53 % of the consulted citizens the national Government is the principal person in charge of the reduction of the poverty, followed by the proper citizens (13 %), by the European Union (9 %), and of the regional and local authorities and finally of the ONG and charitable organizations, both with 7 %.
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BBVA keeps on generating benefits

2009-11-05T14:36:00.001-08:00

The BBVA keeps on generating benefits, gaining 4.179 millions until September, according to the presented results this week. Nevertheless, this result is n 7,2 % less than in the same period of the previous year. Fitting definitely to the ordinary results, the fall in the benefits is only of 3,3 %.

Before high in the slowness, the BBVA has underlined, across his manager Ángel Cano, that the generic provisions that the entity has realized will be sufficient to cover the possible non-payments until the year 2011 and it moved forward that it will destine to additional provisions the appreciations that the entity could go so far as to obtain, as it has happened in the third trimester of the present 2009. This way, BBVA destined 830 million appreciations obtained in the sale with long-term lease of 948 of his real estate in Spain to strengthen the level of generic provisions for insolvencies of the group.
Also, with regard to the loans refinancing to promoters due to the change in the economic circumstances, the entity trimester hopes to support the earnings reduction in mulberry of the group concerning 25 basic points in next, being based on what they consider to be solid essentials of the groups with which they negotiate.
Manuel González Cid, financial director of BBVA, aimed that the entity has aptitude to keep on extending the percentage of proper funds opposite to the exigibles concerning 20 points every trimester during the next 18 months. At present, this percentage is located in 8 %.
This, nevertheless, will not suppose a change in the politics of dividends of the bank, thanks to the fact that they are provided with a big capital and there is nadelantado to the possible increase of these requirements. This way, they will support his pay-out (number that indicates the percentage of the benefits that is assined to the dividends payment) in 30 % and with the compensation in cash.
On the other hand, the priority of the bank centers on receiving clients to gain market share in 2010, instead of devoting itself to acquire new networks or offices. In addition to this, the bank hopes to reach the integration of Guaranty Bank in February and does not try to change his growth strategy.
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Hyundai keeps on growing in spite of the financial crisis

2009-11-05T07:53:00.001-08:00

It seems that the sector self-propelled world cup is recovering of to little, after suffering the negative effects of one of the most important financial crises of last epochs. For example, the company surcoreana Hyundai Motor Company showed a clear improvement obtaining, in the third trimester of 2009, profit near to 979.100 million wones (to have an idea, something like 820 million dollars).

The market self-propelled world cup is recovering of to little and this is seen across the signs that this productive sector is giving. Some days ago this finance blog reported of the progress in the sales in the sector self-propelled of Argentina, according to words of the president of this country. And now it is necessary to allude to the company Hyundai Motor Company that has just announced that it increased greatly his sales and his clear profit.
As informed the authorities of the prestigious company surcoreana, across his official web site, Hyundai sold approximately 824.000 motorcars, both in South Korea and in other countries of the world, in the third trimester of 2009, more than 40 % with regard to the same period of 2008, managing to collect a sum of money near to 8,1 trillion wones.
On the other hand, it is important to add that the Hyundai net profit belonged to 979.100 million wones in the period that goes from July to September of the present year, he published the web.
There are different the reasons of this big growth, if the numbers are compared with those of 2008, told the authorities of Hyundai across the web page, and added that some of the motives are that, for example, the company expanded to several countries, like China, the United States and India, and that the mark image increased.
As regards Hyundai, it is important to add that the company surcoreana threw not many months ago his first hybrid motorcar for the care of the environment. We are speaking about “Elantra LPI Hybrid Electric Vehicle (HEV)”, a novel vehicle that expresses only 99 g/km of CO2 and 90 % less of pollutants. The price of this car ranges between 16.000 and 18.000 dollars.
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Funcas warns that Spain will not create employment until 2011

2009-11-05T01:21:00.001-08:00

The Foundation of the Savings banks (Funcas) has warned that crisis still stays for moment. This way, they have affirmed that the negative effects of the crisis will extend during every 2010 and part of 2011.

The director of conjuncture and statistics of the organization, Ángel Laborda, qualified to the medium-term Spanish economic recovery of “mediocre“, what will prevent from creating employment up to at least the second half of 2011. Also, he mentioned in a few days on the current situation of Spain opposite to the world economic crisis that “the problem is how we will go out of the crisis and what characteristics the recovery will have. It will be difficult to us to reach very much again the growth rates that earlier we had had, what will prevent from lowering the valuation of unemployment of rapid form”.
According to the calculations set sail to end by Funcas, and l unemployment will reach his maximum in the third trimester of next year, when it will reach 20,5 % of the active population, what he supposes approximately 4,5 million unemployed men. The sector where the employment creation begins will be that of the services, while the industry will be late more in recovering and the construction will continue for several years destroying jobs, especially if it becomes possible to change successfully the productive model of Spain.
Also, also it referred to the imbalance in the public accounts, which it considered to be as “an enormous hole” and he foresees that I generated medium-term problems in the Spanish economy. This way c onsidera that earlier or later we will have to support an increase of the taxes that allows to re-lead the public deficit, that this year will be about 10 % of the GDP and that in the future will have to diminish drastically.
Nevertheless, it does not appear in accordance with the recent taxes increase, since, according to his opinion, the consumers have generated a suspicion between and it has created an unfavorable climate, when the necessary thing so that new investments bloom everything opposite is. Finally, he thought that next year is going to be a year complicated in the managerial ambience due especially to the high costs of the capital and of the work.
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The debt of companies, government and families comes up to 2,7 trillions

2009-11-04T18:44:00.001-08:00

The financial situation in Spain does not happen in his best moment. To keep the expense level gone until now the economic agents have had to resort to an excessive indebtedness. This way, the families have a debt of 904.614 millions, composed especially by mortgages, although the credits to the consumption also suppose an important part.

For his part, the companies owe more than 1,3 trillions, and the public sector 450.000 millions. This amount amounts jointly to 2,7 trillions and supposes 250 % of the Spanish GDP. Also, the public deficit might finish the year overcoming 12 % of the Gross National Product, as has affirmed the International Monetary Fund. This is framed in an European situation in which the criteria of Maastrich assumed by Spain have not to overcome 3 %.
The companies, on the other hand, have seen his benefits limited and have had to reduce his margins and to look for liquidity to almost any price. This way they owe more than 1,3 trillion euros. Only the real estate operations it overcomes the trillion euros (60 per cent correspond to the families and 40 per cent to still unpaid real estate operations). According to the last information, the value of the unpaid real estate operations overcomes 470.000 million euros, what supposes an increase of these credits from 2003 until middle of 2009 of 47 per cent. This implies that the companies have a big debt proportion as regards his own funds, that is to say, they are much "apalancadas", with the risk that this bears.
The families, in a complicated situation for the high unemployment valuation, are indebted at the price of 904.614 millions, especially for mortgage loans. Fortunately, the euribor is in historical minimums and is allowing to vent a little the situation of the Spanish hearths. Unfortunately, this situation will not last very much since the European economy seems to begin recovering (before the Spaniard) and the interest rates will rise again, paying the Spanish hearths the consequences turn of major mortgage interests.
Finally, the Public administrations, which had enjoyed a comfortable surplus in last years, already have in his against 450.000 million euros, after expressing debt to attend on his most immediate expenses, and fundamentally the plans of fiscal stimulus along with the helps to the unemployed men and to the sectors most affected by the crisis. For the above mentioned reasons, the public debt has gone on from 432.000 millions in 2008 to 561.000 millions, coming at levels that can become worrying and possibly destabilize the economy.
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Mexico and the World Bank bet for the environment

2009-11-04T11:13:00.001-08:00

Mexico has one of the strongest economies of the world. It is one of the most industrialized countries and with strong incidence in the environmental area, although equal it applies action lines to take care of the environment. Now the World Bank has decided to support the government of Felipe Calderón in this management, giving him a supreme money millionairess.

The government of Mexico keeps on working after his responsibility with the environment. And although it is not a short-term work, his combat after the climate change was recognized by the United Nations Organization (UNO). The international organism distinguished the Aztec government with the award “More Mexico in United Nations, More United Nations in Mexico 2009”.
And it seems that this country is not content only with this. In the last hours, the public state took the decision of the World Bank to support Mexico in the politics that the government will implement to help to the environment.
The financial organism granted a loan for 1.504 million dollars to the government of Mexico, as he informed the web site of the BM, that he added that this capital will be destined entirely to the development of public politics to stimulate the economy and to strengthen, in the long term, a friendly growth with the environment. In other words, the BM and Mexico bet on a green growth in the Latin-American country.
With the granted loan, the World Bank will support basically the politics frame for the reduction of emission energy in the sectors and of urban transport; the frame of evaluation and monitoring for the emission reduction in transport and energy; and the establishment of financial mechanisms that should facilitate the emission reduction in transport and energy, he published the web.
Is it possible to achieve this target? This question Mexico is answered by the proper World Bank across the report “: I study on the decrease of emission of carbon”, known also with the initials MEDEC, who expresses categorically that a green growth is possible in the Aztec country, if tens instructions follow to reduce the emission of CO2.
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Argentina will improve urban transport with capital of the BM

2009-11-04T04:05:00.001-08:00

The Argentine mass media, as well as the international ones, have done to themselves echo of the decision of the World Bank of granting an important loan to the government of Argentina. The organism will give 150 million dollars to the administration of the president Cristina Fernández de Kirchner to specify an ambitious urban transport project in the South American country.

In the last hours it was possible to be known that the World Bank granted a loan for 150 million dollars, sum that will be invested in the Project of Urban transport for Metropolitan Areas in the Argentina, also known by the initials PTUMA.
Across this initiatory innovator, one will think about how to achieve a progress of the quality and the sustentabilidad of the urban transport of the metropolitan areas of Argentina, as he informed the web site of the BM.
It is valid to clarify that this is the first part of the help that the international organism will drink to this project, which will cost in whole about 400 million dollars, as he informed the Department of Federal Planning, Public Investment and Services of the South American country across his official web page.
The above mentioned Argentine secretariat of the State published some of the targets of this program. For example, it will be looked: 1) to endorse design and creation of an agency of multijurisdictional transport for the Metropolitan Area of the city of Buenos Aires; 2) and to improve quality and performance of the urban infrastructure of transport in metropolitan areas with the achievement of road works of connectivity, he published the web.
The proper director of the BM for Argentina, Chile, Paraguay and Uruguay, Pedro Alba, realized declarations about the granting of this millionaire loan for the progress of the systems of transport. For the leader, this will encourage the economic growth and will allow all to be able to gain access, for example, to the urban services, he informed the web of the World Bank.

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What do the global crisis and the contamination have in common?

2009-11-03T21:10:00.001-08:00

The financial crisis that it affected in the last months to the economies of the countries of the world has been the hardest from the Big Depression of 1929, as understood in the topic. Although this economic dry season has affected negatively in the nations, in someone more that in others, it is important to be able to see his positive side, if it is that it has it.

It seems that the values of contamination for CO2 in the planet Earth will diminish several percentage points towards end of year largely because of the global crisis and his incidence in the economies of the countries. This conclusion gets rid of an interesting study named World Energy Outlook 2009 (WEO) realized by the International Agency of Energy (AIE).
Between other things, this document tells that the level of CO2 might lower 3 % for ends of the year 2009. The financial and economic crisis has had a considerable impact in the world energy sector, expresses the report, which was published very partially (as advance) in the web site of the AIE, and he adds that this fall, of going so far as to specify, would be the most important of last four decades.
It is important to add that the study World Energy Outlook 2009 will be presented next Tuesday, the 10th of November in the city of London, England.
As regards the topic of the contamination and the environment, it is important to remember that in the next December the future of the planet will put itself in game. The fact is that the Summit of Copenhagen will be realized on the climate change, in territory of Denmark, which will look for a definitive agreement to substitute the Protocol of Kyoto in the year 2012.
It will be necessary to wait more than one month to know if in the end the nations come to such a wished consensus that allows to begin respecting the environment, before it is too much late.
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Argentina: Sector self-propelled gives signs of recovery

2009-11-03T14:20:00.001-08:00

The sector self-propelled of Argentina is giving signs of recovery, reported some days ago own president of the South American country, Cristina Fernández de Kirchner, during a speech realized in the province of Cordova. The words of the proxy give the rule of which the economy of this nation is heading towards a better future after the worst global crisis of last times.

No country of the world has managed to avoid the financial and economic crisis that it has affected to the world in the last months. Argentina is not an exception and hence also he has had to live through the worst crisis from the Big Depression of 1929, as say the understood ones.
It seems that in last months clear signs of economic recovery are happening, although they are seen of clear form in some productive sectors of this country as it is the case of self-propelled.
And if we speak about signs, it is not possible to allow mentioning part of the speech of the president, Cristina Fernández de Kirchner, during the anniversary of an important self-propelled company of the sector. In this occasion, the proxy told that in the last times the sale of trucks has increased and that the recovery of this sector has been seen, informed the web site of Presidency of Argentina, that he added that the president the same way considers to be necessary to keep on increasing these sales.
It is important to add that this increase has taken place although one is living through one of the worst financial and economic crises from the Big Depression of 1929. For the president, one of the reasons of this recovery is the help that the Bank Nation has offered across the credit delivery, he published the web.
This important announcement was realized in the frame of a new anniversary of the self-propelled company Iveco, it would subsidize the Group Fiat, which is located already four decades ago in Argentine soil, more precisely in the province of Cordova.
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BusinessWeek either it is part of the empire Bloomberg

2009-11-03T06:34:00.001-08:00

Many companies in the United States have been harmed by the hard financial crisis that has shaken the world in the last months. But since there are always companies that, for facing with a positive vision these seasons of economic drought, do not suffer so much the crises that are crossed in his ways and even manage to grow. This is the case of the empire Bloomberg LP, who now bought one of the magazines most known about the United States.

The company Bloomberg LP, with Michael Bloomberg, has just bought the successful magazine BusinessWeek to the head, one of the regarding publications of the world of the business and the companies and that is present eight decades ago on the publishing market of the USA.
As informed the web site of the Spanish newspaper The Country, although this buy is already a reality, there still have not been announced details of the sum of money that the company of Michael Bloomberg will have to pay out to the BusinessWeek ex-proprietors. While some press means informed that the magazine sold in five million dollars; others handled minor numbers.
As everyone knows, BusinessWeek was much affected by the global crisis causing millionaire losses to him, he informed That the web site of Los Angeles You should Steal, that he added that it is probable that the name of the publication is changed and that in the future his name is simply “Bloomberg“. Will there be dismissals?
It is important to add that some weeks ago the proprietor of the empire Bloomberg LP was recognized by the prestigious publication Forbes.
Since one has already reported across this finance blog, the magazine realized the ranking of the 400 richest persons of the United States of America. The eighth position of this classification corresponded to the current mayor of the city of New York, and proprietor of the company, Michael Bloomberg, who possesses a patrimony near to 17.500 million dollars.
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Schools of Hawaii will close every Friday to confront the crisis

2009-11-03T00:07:00.001-08:00

Although it is not a news that the United States has been struck by the financial and economic, hardest crisis from the Big Depression of 1929, in the last hours the public state took a measurement that will be implemented in Hawaii, place where the president Obama was born, to reduce expenses and to confront better this situation that crosses the country. The weekends will be “more extensive” up to the end of the school year, since the schools of Hawaii will not open his doors on Friday.

It has been several months since the USA faces the global crisis. If little memory is done, in July, in the frame of the 233rd anniversary of the Declaration of the Independence of the United States, the president Barack Obama urged the American citizens to join to confront the crisis.
Although the situation seems to have improved in the country, as this way also in the entire world, the International Monetary Fund (IMF) affirmed weeks ago that the world recession had finished, the United States does not want to remain evil idle and keeps on implementing measurements.
For example, the State of Hawaii decided to suspend every Friday the classes in the schools to diminish expenses and power to face better the recession through that the country still lives, they informed the means of press that did echo of this news to themselves. This means that the weekends will spread one more day, they will go from Friday until Sunday, up to the ending of the courses.
With this measurement one thinks about how to save 468 million dollars in a period of two years, reported the news agency AFP. With the elimination of 17 of days of classes, from this next Friday, the 23rd of October, it will be a question of coming to this number in 24 months.
It is important to add that although a decrease of teaching wages will exist, there will not be dismissals in these next two years, reported the web site Yahoo Noticias, that there was done echo of informations of the news agency AP.
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BID grants a loan to Nicaragua

2009-11-02T07:28:00.001-08:00

The Inter-American Bank of Development approved an important loan for the government of Nicaragua with the target to improve the credit flow to the productive sector of the Central American country, as he informed the web site of the BID. Although the value of the granted credit is 20 million dollars, the same one it will split into two loans for 10 million dollars.

A loan for 20 million dollars will be granted to Nicaragua, announced the authorities of the BID across his official web site, who added that the same one will split into two credits for 10 million dollars and that each one will have to be been sick in different time period.
Handled by the Nicaraguan Financier of Investments (FNI), this money will serve to help and to improve the credit flow to small and medium companies that turned out to be seriously affected by the financial and economic crisis, one of the hardest of last epochs. It costs to emphasize that the recession left a deficit for 60 million dollars in the medium companies and of 40 million dollars in the small-scale enterprises, he reported the web site of the BID.
This type of companies is the most important for the country of Central America because it has an important roll in the impulse of the development, as he told the web of the BID, which added that approximately 84 % of the work places of the country corresponds to this productive sector.
As regards the BID, it would be important to add that in the last hours the Inter-American Bank of Development decided to support an interesting initiative that thinks about how to strengthen the cooperation between the customs and the private sector of several countries of Latin America, between which Nicaragua is.
From the web site of the financial organism, they informed that he will promote the creation of a program of Economic Operator Authorized in the region with the collaboration with the World Organization of Customs.
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What famous desire more money in the North American TV?

2009-11-02T00:52:00.001-08:00

The publication Forbes presented a new ranking on the best women you pay in the prime steal of the American television. The above mentioned classification is headed by the model and driver Tyra Banks, who in twelve months achieved profit that are about 30 million dollars.

Published entirely in the web site of the prestigious North American publication Fobres, the classification of the women who more win in the prime steals television of the USA it is led by the beautiful American model 35-year-old Tyra Banks, who at present leads the program “The Tyra Banks Show” and the jury of the reality presides at show of models “America's Next Top Model”, in which also it officiates as executive producer.
According to this ranking of Forbes, Banks gained about 30 million dollars in the period that goes from the 1st of June, 2008 until the 1st of June, 2009.
The second place of the list is for the North American actress Katherine Heigl, who for years interprets doctor Dr. Isobel Stevens of the successful television series Grey's Anatomy and at present it can be seen in the movies with the movie “The Ugly Truth”. She has gained 18 million dollars in the last year.
The classification continues with the actress Marg Helgenberger of “CSI“ ($ 9.5 million dollars); the actress Eva Longoria Parker of “Desperate Housewives“ (9 million dollars); and the actress Mariska Hargitay of “Law and Order” (8,5 million dollars); who occupy the third, fourth and fifth position, respectively.
The sixth place of the ranking is shared by the actresses Julia Louis-Dreyfus of “The New Adventures of Old Christine” and Maura Tierney of “ER“. Both artists have gained 8 million dollars each one.
The list closes with Tina Fey of “30 Rock” with 7 million dollars (8th); and Marcia Cross of (9th) "Desperate Housewives" with 6.2 million dollars. While Jennifer Love Hewitt of “Ghost Whisperer“ and Ellen Pompeo of “Grey's Anatomy“ they are in the tenth place, both with 6 million dollars each one.
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The IMF and the global crisis

2009-11-01T18:06:00.001-08:00

This finance blog does not want to allow closing the topic of the meeting between the authorities of the World Bank and of the International Monetary Fund, without earlier speaking about the speech realized by the holder of the IMF in the above mentioned event. Although one has already spoken in previous articles about the BM, important knowledge would be the point of view of the IMF.

In the same way that it was done by the president of the Group of the World Bank, Robert B. Zoellick, in the opening of this important event, the managing director of the IMF, Dominique Strauss-Kahn, realized important declarations before all those who became present in the city of Istanbul, Turkey.
The leader of the international organism referred to the topic of the crisis financial and economic that it affects to the world and that, according to analysts experientes, it has been the worst of last years. For Strauss-Kahn, the international cooperation saved to the world of a much worse crisis, reported the official web site of the International Monetary Fund, that he gathers the message given by the leader during the event in Istanbul.
The holder of the organism said that when the countries join to face common challenges, there can be achieved a virtuous circle of peace and prosperity avoiding a vicious circle of conflict and stagnation, he published the web.
Between other things, the leader expressed that the world must take more the cooperation in to construct the poscrisis world and referred to the role that the IMF must fulfill in the world economic recovery, as he informed the web, which added that this one asked him to make use of this opportunity that is happening to form the world of after the crisis.
Since one has already reported in previous articles, it would be important to add that the meeting between governors of the Group of the World Bank and the IMF realized from Tuesday, the 6th until Wednesday, the 7th of October in territory of Turkey and that the central topic was the global crisis, he reported the web site of the BM.
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The World Bank in “reform“

2009-11-01T10:25:00.001-08:00

This finance blog has developing several journalistic articles as regards the meeting that there supported authorities of the World Bank and of the International Monetary Fund in the city of Istanbul, Turkey. To close this topic, it is important to refer to the project of reform that is implemented in the BM and that was announced by the proper president of the entity, Robert B. Zoellick.

In the frame of the speech that the leader of the World Bank realized, and in which he spoke about several topics, like for example the global crisis, it referred to a point that cannot happen unnoticed. We are speaking about the reform that the BM is impelling.
Zoellick affirmed, by means of his oratory, that the Group of the BM will think about how to consolidate his legitimacy, efficiency, efficacy and responsibility as this way also to extend the cooperation with different international organisms how, for example, the UNO and the IMF, reported the web site of the World Bank.
According to the leader, it will have to give emphasis to these points: 1) to Increase the efficacy for the development centring the attention on the program of results, the decentralization, the questions of genre, the reform of the financing for ends of investment and the human resources; 2) to Promote the responsibility and the good government included the efforts of struggle against the corruption on a global scale; 3) to Keep on increasing the price-performance, he published the web.
Zoellick added that it is necessary to go further away. He said to know of the importance of promoting several reforms and added that it is already a moment to know and to advance, informed the web.
It is important to add that this important meeting, which told with the presence of authorities of the Group of Bamco Mundial and to the IMF, realized from Tuesday, the 6th until Wednesday, the 7th of October. The debate about the world financial and economic crisis was the central topic in the agenda of this meeting, it spread the web of the BM, but also one spoke about achievements of the BM and of the IMF and one looked for solutions to help to the countries most harmed by the decrease of the capital flows, the commerce, the remittances and the tourism.
The finished speech of the president of the World Bank, Robert B. Zoellick, it can be consulted across the web site of the international financial organism.
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The impulse and desarollo of the Canaries

2009-11-01T03:41:00.001-08:00

The government of Spain resolved to impel the development of Canaries, as he informed some days ago the official web site of the Presidency of the European country. The announcement of this important investment that will be realized in the archipelago, and that is about 25.000 million euros, was realized by the very same president José Luis Rodríguez Zapatero.

For the development of Canaries, the archipelago located in waters of the Atlantic Ocean, opposite to the African coasts, it is necessary to destine approximately 25.000 million euros in a space of ten years, he informed the web, which added that this important decision is framed in the approval of the Integral Strategy for the Autonomous region of Canaries during the last Cabinet in Spain.
Rodríguez Zapatero was the manager of that the announcement will take the public state. The president carried out a press conference after finished the meeting in which there approved this important injection of capitals that looks for the development in Canaries, one of different autonomous regions of Spain.
This important investment will try to re-balance the economic structure of the archipelago as this way also to support to the employment and to the social protection, he published the web of Presidency, which added that, between other things, also he will think about how to impel the infrastructures and improve the social cohesion.
It is not necessary to allow mentioning that one of objective so many people that wants to be reached by means of this integral strategy is to give an immediate answer to the situation that lives through Canaries due to the financial and economic crisis, one of the hardest of last epochs, according to the understood ones.
Before finishing, adding would be good that, the same day that announced to itself this investment for 25.000 million euros, that is to say last Friday, the 9th of October, the Spanish newspaper “The Day” claimed “Freedom for Canaries”, by means of a journalistic note in his front. “We want to be a free nation and, as soon as this target was obtained, to support the best diplomatic, political, commercial and cultural relations with Spain”, expresses the article.
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Zoellick, the BM and the global crisis

2009-10-31T10:53:00.001-07:00

Since one has already reported across this finance blog, authorities of the World Bank and of the International Monetary Fund met, like every year in the same dates, in the city of Istanbul, one of the areas most filled with Turkey. In this occasion, one will allude to the speech that there realized the president of the Group of the World Bank, Robert B. Zoellick, for motive of this one so important meeting.

The same day of the opening of this event, the president Zoellick made use of his oratory time and spoke about everything a little. Although the finished speech can be consulted on the official web page of the World Bank, this finance blog will allude to some outstanding points of his paper.
Since it could not be otherwise, the leader was useful to speak about the global crisis, central topic of the meeting, and affirmed that they think that, for ends of 2009, it will increase greatly the number of persons who live in the extreme poverty as this way also the number of unemployed men will increase in the world, informed the web of the BM.
Zoellick is entrusted entirely that the challenge of now in more will consist of keeping on cooperating still after having spent the danger of falling down in the abyss, he published the above mentioned web.
Following the topic of the crisis, Zoellick said that the Group of the BM put itself at a height of this challenge, published the web site of the BM, which added that the work realized by the organism was with energy, creativity and a big clarity of targets.
It is important to add that the meeting, which along with the Governors of the Group of Bamco Mundial and the IMF, was carried out from Tuesday, the 6th until Wednesday, the 7th of October and which, between other varied topics, was debated about the world financial and economic crisis and on how it was his impact in the different countries, informed the web site of the BM.
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Special labor situation in Spain

2009-10-31T04:21:00.001-07:00

For many months, we have been reading every day in the newspapers news related to the unemployment and especially with the Spanish case. It is said that the global economic crisis fond of all the countries, but often it is not detailed about what types of problems they affect really.

In case of Spain, the employment destruction is excessively notable, since we are one of the countries of the European Union that more employment loses and that less it generates. That's why, it is especially worrying and harmful.
What is the employment destruction
We read that the economy is destuyendo employment although without knowing very well what means this term. The employment destruction takes place principally when in sectors of the economy, as it is the case of the construction they begin to complicate the things and there are labor dismissals. The problem of the massive dismissals, the fact is that they are not relocated to another sector and therefore employment is destroyed.
One of the most constant struggles of the Spanish government is that of the reconstruction or it reforms of the employment, because it is necessary that the economy retroalimente and begin to grow in certain sectors
In Spain, the trade unions it has a social force and publishes important and they think that the employment destruction comes for the ERE (records of regulation of employment) of the companies and also for how the dismissals get cheaper, although from the office they say that not.
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