The successor to the iPhone 4 unveiled Tuesday, the eve of the death of the co-founder of Steve Jobs, has, according to the second mobile operator in the U.S., an "extraordinary demand", despite no change in design.

The three major U.S. telcos, AT & T, Verizon Wireless and Sprint, have begun taking orders for the iPhone 4S Friday.Apple's flagship handset will be available in stores from October 14.

Comparison with sales of the previous generation is difficult because the iPhone 4 at its output was distributed only by the operator AT & T in the United States. It was then passed to 1.7 million copies during the first three days of its launch.

Some analysts expect Apple sells between 27 and 28 million iPhones for the quarter October to December.

Handsets running the Android operating system from Google, as the Galaxy Samsung, have become formidable competitors of the iPhone while Tim Cook has just taken the reins of Apple and its founder, credited with a strategic vision, has disappeared as a result of cancer.

The government is considering an increase in future tax on soft drinks that could go to his double, said Wednesday the government spokesman Valerie Pécresse after the Council of Ministers.

"It is envisaged that an increase could not be more than twice," said budget minister, adding that the tax, announced in late August as part of the anti-deficit plan would not be extended to sweetened beverages, fruit juices and mineral waters, as has been said Wednesday morning in the press.

As part of a new package of measures to reduce the deficit for 3000 billion announced Monday by Barack Obama, President of the United States to unveil the creation of a tax on wealthy Americans with incomes above the one million dollars. This tax has already been dubbed "Buffett Act", in reference to billionaire Warren Buffett, who recently noted that the richest Americans are taxed less than the middle class.The New York Times, the millionaires tax would only affect 0.3% of taxpayers, less than 450,000 of the 144 million returns recorded in 2010. It integrates with a broad revision of the tax schedule by ending tax breaks granted under the presidency of George W. Bush to taxpayers earning over $ 200,000 annually.

Before they are formalized, these proposals have raised an outcry among Republicans. To Senator Lindsey Graham, "the tax code should be reformed as the sole purpose of creating jobs. When you tax one percent of the economy, this is called a class war." Criticism echoed by the representative Paul Ryan of Wisconsin. "The class struggle may be regarded as good politics but it rots the economy, he said on Fox News. We do not need a system that divides people.We do not need a system that exploits fear, jealousy and anxiety. "

In France, an outstanding contribution … and symbolic

Included in the austerity plan announced in late August, a 3% tax will be set up in 2012. It will labor income and capital in excess of 500,000 euros per year. And bring 200 million a year into the coffers of the state. "This is an exceptional tax" to be "removed" when the government deficit in France has been reduced to 3% of GDP, said the Prime Minister. If France keeps its promises, the tax shall remain in force until 2013 and disappear the following year.

However, the tax is considered "symbolic" by many observers. "It's quite symbolic and ridiculous," lamented the president of the Senate Finance Committee, Jean Arthuis.In common with many members of the majority of economists, the centrist senator favored the creation of a slice or two additional tax on high incomes. Even more virulent, the Socialist Party denounced as an "emblematic" of "cynicism" of government, accused of asking the rich "not to make a ninth" of the "check" that they made in reducing tax Solidarity on wealth (ISF). "It's really the political symbolism," joked Elie Cohen, research director at CNRS. He said eight months of the presidential election, the government wanted to "go in the direction of public opinion in favor of taxation of the richest."

In Italy, Berlusconi managed to water down the tax

After a first abandoned under pressure from Silvio Berlusconi, the richest tax is included in the austerity plan endorsed by Italy, September 14.But it will be much narrower than that previously envisaged. Set at 3%, finally it will only cover the income above 300,000 euros per year while the previous version had the highest of more than 90,000 euros.

In Spain, the wealth tax is reintroduced to finance regional

Pressed by the markets and the European Union to reduce its deficits, the Spanish socialist government has reintroduced this Friday for two years, the wealth tax, suspended in 2008. It ensures that it is intended only for the richest and 90% of Spaniards do not have to pay. This tax will concern that "about 160,000 citizens," "all the others do not pay," assured the spokesman gouverenement.A measure that would generate about one billion euros, and to fund areas that block the accounts of the country.

Also accused of touching a part of the middle classes, the tax was suspended in 2008. To answer these criticisms, the base has been changed: the taxpayers will be taxed on their property that beyond 300,000 euros, against 150,000 in 2007, and their assets in excess of 700,000 euros, against 108,000 in 2007. A constant parameters compared to 2007, the tax, "focused on the richest people" should report "around 1.08 billion euros," said Thursday the economy minister Elena Salgado

"All cash possible" recovered in 2011 and 2012 will be available to the regions, so that in 2012 and 2013 they have "more resources to meet their expenses," said Minister of Economy.The financial situation of the 17 regions, which have a high degree of autonomy is a recurring source of concern for the markets. At the end of June, their accumulated deficit was already 1.2% of GDP, while it should not exceed 1.3% by the end of December, while overall debt reached a record high at 12 , 4% of GDP, against 10.2% a year earlier.

Around 9:35, the CAC 40 index 0.63% to 3189.33 wins points after nibbled 0.18% yesterday. Since the beginning of the benchmark index in Paris lost more than 13%.

Other major European markets, London ahead of 0.37%, 0.91% of Frankfurt and Milan by 0.33%.The pan-European Euro Stoxx 50 index was up 0.61%.

Investors will alert Wednesday in the investigation of private U.S. employment ADP, at 14:15 (Paris time), pending the official statistics of employment, much needed on Friday.

The U.S. Federal Reserve may engage in a third program of quantitative easing if economic indicators point to a deteriorating economy, said in Tokyo James Bullard, president of the St. Louis Fed, after publication of the minutes of the Fed meeting in early August.

"Although the publication of the minutes of the meeting of the Fed's monetary policy does not produce clear consensus on what the bank account specifically to do now, it leaves the door open for a new action, which should continue to support the feeling market, "said Cameron Peacock, market analyst at IG Markets.

The announcement that retail sales in Germany remained stable in July, while economists expected a 1.6% decline, also supports the trend.

BOUYGUES JUMPS, CARREFOUR DROP

From a graphical point of view, the Drogoff Alexandre, an analyst at Aurel BGC, said the "timing" the market continues and the EuroStoxx 50 should continue to hover around the psychological threshold of 2200 points.

As for values, Bouygues rebounds over 10% and tests its moving average 50 days after the announcement of a repurchase plan of action and its goal of raising revenues.

Carrefour (-4%), however, wipes the largest decrease in the CAC 40 after finally revised down its forecast for annual results, as expected.

The performance of 10-year Bunds is treated around 2.17% against 2.15% the day before the end of the day.

The euro is trading 1.4434 / 38 dollar against 1.4436 the previous day in the afternoon, while U.S. crude was steady at 88.86 dollars a barrel.

The growth of the French economy was zero (0%) in the second quarter. A new falling ill, while France is battered stock market, the markets doubted the strength of its economy. Wednesday, rumors of a degradation of the note tricolor has plunged the CAC 40, and in the wake of all European stock exchanges.

What explains the halt in growth?

This poor performance was expected, even if the correction is stronger than expected – the Bank of France expected a GDP growth of 0.2%.This is the logical aftermath of the strong rebound in growth earlier this year – 0.9% in first quarter – mainly due to the rebound restocking businesses and lagged effects of scrapping – the orders for cars registered in late 2010, before the extinction of the device, but only delivered in early 2011. But since April, the accumulated bad indicators: unemployment is again on the rise, consumer spending fell, industrial activity shows a sharp decline … Result, a growth that is "flat", as the euphemism used by INSEE, which is "disappointing", recognizes the Minister of Economy Baroin.

What engine stalled?

All, that is why it is disturbing. Household consumption, the main driver of the French economy (representing 56% of GDP) fell by 0.7% – the worst figure since 1993 and the end of "Balladurettes".The end of the scrapping is not the only cause: the French have reduced their spending in all positions of manufactured goods. The acceleration of inflation (0.5% in the second quarter) has indeed affected the power of households, reversing the meager salary increases (+0.6%). Companies for their part, interrupted the replenishment of their stocks, and investment slowed (+0.7% after +1.9% in the first quarter). Only the foreign trade made a positive contribution to growth in the second quarter (0.3 percent of GDP), but only thanks to decline in imports (-0.9%, while exports remained stable).

The outlook for the end of the year?

They are not optimistic, given the sharp deterioration in the economic climate in recent weeks. Surveys of business (Markit PMI) and the business climate by INSEE for the month of July are in fact rather alarming.And this slowdown affects all developed economies, so much so that economists can evoke fear a "double dip" (double-dip recession) on both sides of the Atlantic. Yet French firms are ill equipped to tackle this global economic downturn: their margins are low, production capacities are still underutilized, meaning that they will continue to restore their capacity for self-financing, particularly since more than the stock market meltdown currently affecting the French banks could lead to a restriction of the conditions for granting credit. In short: the companies will focus on increasing productivity in the creation of employment, and will restrict their investments.Consequence: the salary of the French will not increase, unemployment will not fall back sharply, so consumption will remain depressed.

The government forecasts it is achievable?

In this context, the objective of 2% growth in government for this year seems less and less achievable, unlike insured Baroin. Indeed, the carry-over at the end of this bad second quarter now stands at 1.4%. To 2%, that GDP should grow by at least 0.6% over the next two quarters. Analysts have therefore revised their outlook downward: BNP Paris expects an economic growth tricolor in 2011 1.7% 1.6% Natixis. The objective of 2.25% included in the draft budget law is even more multi unrealistic. Bercy should also be revised downward in the 2012 draft budget.

This will it affect the deficit?

Growth lower than expected means less tax revenue, so a larger effort to predict savings for deficit reduction. Out sharp deterioration in the economy – relapse into recession – the credibility of the target for this year – a deficit to 5.7% of GDP from 7% in 2010 – remains intact. However, to achieve the objective of a deficit to 4.6% of GDP in 2012 and 3% in 2013, France will have to tighten their belts. The budget minister Valérie Pécresse has already announced that the government was ready to remove more tax loopholes that what was previously expected. The government is also considering taxing very high incomes, and increase taxation on life insurance. Nicolas Sarkozy will make its arbitration on August 24.

According to figures released Friday by the Labor Department, the U.S. economy created 117,000 non-farm jobs in July and the rate of unemployment has fallen from 9.2% to 9.1%.

Economists on average had forecast 85,000 new jobs.

"This is definitely better than expected.This is far from robust, but given the nervousness of the market before, it is a relief, "said Eric Stein, portfolio manager at Eaton Vance.

"In the context of a normal recovery, not a solid figure, but given the fear that gripped the markets, it is not catastrophic," he added.

In a context of strong market declines related to fears about sluggish growth in the U.S., the announcement was indeed the immediate consequence of back up stock markets and oil, while Treasuries retreated.

On Wall Street, the index contracts have increased significantly before the opening.

The employment figures were very disappointed in the previous month, but the statistics of June (18.000 creations) was revised to 46,000.

That of May was also revised upwards from 25,000 initially to 53,000.

The unemployment rate retreated slightly to 9.1%, while analysts expected the same from one month to the other at 9.2%.

PUBLIC SECTOR JOBS STILL DESTROYED

"These are good figures. The revision was made up and with a magnitude greater than expected. I do not think it will be enough to get us out of the economic downturn, but these figures do not in any case recession, "said Jay Feuerstein, chief investment officer at 2100 Xenon Group.

But other analysts emphasized that relief could be short-lived.

"It does not solve anything.Rather consider this as an opportunity to sell, rather than as a reason to get involved again in the long term. The upward revisions of previous figures are encouraging, but ultimately, we will retain only the number of low GDP last Friday, the ISM report on Monday and companies are starting to say that we are moving perhaps to a recession or that we are already there, "said Michael Marrale, RBC Capital Markets in New York.

All the creations of non-agricultural jobs is a credit to the private sector, which created 154,000 jobs, against 115,000 expected.

However, the public sector has in turn eliminated 37,000 jobs, after having already destroyed 39,000 in June.This further decline is mainly due to the temporary closure of the institutions of the State of Minnesota, during which thousands of civil servants have been deprived of wages.

In July, 24,000 manufacturing jobs were created, while 11,000 were expected. Most of the increase comes from the automotive sector. Employment in construction increased by 8,000, following a decline of 5,000 in June.

The average workweek was unchanged at 34.3 hours, but the average hourly wage increased 10 cents.

François Hollande believes that "the danger became imminent" for the euro area, urging President Nicolas Sarkozy will and German Chancellor Angela Merkel "to rise up to the challenge," in an article to be published Sunday in the JDD . "The worst is possible if nothing serious is done. Nicolas Sarkozy and Angela Merkel must finally rise up to the challenge," the Socialist candidate for the primary. He believes that "the misunderstanding" of the two leaders was "already very expensive.""Saving the euro, now is immediately," said François Hollande, while the heads of state and government of the euro area have planned to meet Thursday.

For him, the crisis of the euro is primarily a political crisis "," Europe's first pay its lack of common strategy of debt reduction, starting before the 2008 crisis. "Member of Parliament for Corrèze considers that" which may rupture the euro, this is not the default + + from one country, namely Greece, but the failure to Europe "and vilifies" the institutional confusion (that) s' adds to the national contradictions. "Faced with this "danger became imminent," he believes that "political solution" "implies the affirmation of an economic government" and suggests "to merge the President of the European Council with the President of the Commission and to delegate this authority ".

He advocates a "fiscal federalism and fiscal policy coordination of Member States" and "raise taxes, particularly the tax on financial transactions (rate of about 0.1%) that would give Europe's revenue" . François Hollande said it takes an "EU strategy on the markets," with "the Eurobonds (European loans)," to raise money "cost" and use "to buy Greek debt delisted." "The European Central Bank may acquire bonds not due to allow a smooth restructuring of sovereign debt of the most attacked."For him, this "comprehensive overhaul" parts "of a Franco-German initiative", "no weakness on the objectives and (…) flawless on the instruments."

Records on Air bound for Algeria Algeria resumed in the confusion on Friday morning, four days after locking the strike aircrew who stopped Thursday night. Hundreds of passengers crowded on Friday morning before the check-in to take the first flight of Air Algeria scheduled for 9:00 to Algiers. A cordon of police officers and staff of the Algerian company trying to organize the queue. Source airport, nine flights will be operated by Air Algeria on Friday.

"I spent the night here, I await a flight to Oran," explained Samira with her baby two months and his 4 year old son.She says she is "relieved" at the end of the strike but also "disturbed" and "tired" by the wait. "There is no reason to put people ahead of yesterday today is poorly organized," one irritated neighbor. "Everyone will leave today, I do not know at what time, but everyone will leave," said a staff member. Passengers crowded, recording their ticket in hand, hoping to take advantage of this first flight of the day.

"We only call people to Algiers," an official launched into a megaphone. In the queue before check-in, first smiles on the faces appeared weary travelers.The strike by cabin crew of Air Algeria for wage increases and the status of some 900 stewards and stewardesses ended Thursday night, while replacement flights have delivered throughout the day some of the thousands of holidaymakers stranded in France for four days.

The Portuguese economy is expected to contract by 2% in 2011 and 1.8% next year, partly because of the austerity program that the country has committed to implement in exchange for international financial assistance, according to new forecasts from the Bank of Portugal (OTP). The OTP has revised its previous forecast, which projected a decline in GDP of 1.4% this year and an increase of 0.3% in 2012, published before the announcement of the austerity program negotiated over three years in May with European Union and the International Monetary Fund in exchange for a loan of 78 billion euros.

"The Portuguese economy in 2011-2012 will be marked by a recession in the context of macroeconomic imbalances," said the OTP in its summer economic bulletin, confirming a recession this year and joining the European Commission forecasts and the International Monetary Fund for that period. Portugal was the third EU country, fearing now a contagion of debt to other countries in the euro area, have called on outside help after Greece and Ireland last year.

The new Portuguese government right has repeatedly reaffirmed its commitment to rapidly consolidate the country's public finances with a program "more ambitious" than the EU-IMF plan, which calls for reducing the public deficit of 9.1% of GDP in 2010 to 3% in 2013.For the Portuguese Central Bank "strict application of the economic adjustment program and financial is essential to the return of confidence in the economy."

Over the period 2011-2012, exports are expected to decline compared to 2010 (8.8%), while remaining one of the "most dynamic elements of the economy" with a forecast of 7.7% for 2011 and 6.6% next year. As for inflation, the harmonized index of consumer prices is expected to grow 3.4% this year and 2.2% in 2012, according to the OTP.

Marine Le Pen is back media on Thursday night on the set of the new political program of France 2, the words and actions. Out of the euro, devaluation, protectionism … As it has done since the beginning of the year, the president of the National Front has been much talk of economy, defense of positions for less iconoclastic. Decryption.

The unknowns of the output of the euro "currency iniquitous"

If elected, the president of FN is given 6 or 8 months to explain to other members of the euro area "is its willingness to find a national currency." "Some will refuse, others will agree, she predicts. If they will not, I does not bring my people to social death."While Greece is on the verge of bankruptcy, no one denies that the single currency has entered a zone of strong turbulence. But, negotiated or not, the output of the euro is really a gamble. "It's Armageddon," says economist Jacques Delpla even in Nouvel Obs. If she wants out of the euro, in order to devalue the franc again, about 25%, and thus boost exports through competitive devaluations. Therefore growth. On paper, it works.

The dangers of the devaluation

Jean-Louis Mourier, economist at Aurel Leven firm, confirmed in a recent article in L'Expansion "competitive devaluations would win 3-4% growth in the first two years." It is then that it thickens. The CFDT, in a plea for the defense of the euro, said: "such a policy only works once and gives a temporary advantage that will soon be destroyed by the reactions of neighbors."And the union to the French warning: This would leave after a few months "to reduce wages to earn even more competitive internationally." Even more dangerous than imported products, they would see their prices rise. First of them, oil and thus gasoline has already reached record prices.

The other side of protectionism

The purchasing power of French could also be affected by another measure advocated by Marine Le Pen on behalf of the industrialization of France re: protectionism. According to economist Jean-Marc Daniel, who speaks in the video below, this part of the nationalist tradition of NF. "By means of protectionism, it charges abroad, he says, but it does not say that Marine Le Pen is that those who pay the customs duties are the buyers of these products, the locals. "

The miracle of the decline in debt

The output of the euro, and the decline in the value of the franc, which would follow, mechanically generate an explosion of debt. Investors, faced with the unknown of a return to the national currency, might desert the French debt to debt to prefer German or U.S. debt and interest rates that would be imposed on France in the markets rise. Marine Le Pen scans the argument and argues that "the Bank of France to finance the Treasury interest rates" very low or zero. "She explained that it would create" a plan for debt reduction "by "monetization" of this "100 billion euros per year." In short, she wants to run the printing press.