Archives Jan. 1, 2018

Nuclear industry runs with very long cycles to the opposite of other economic activities. After the war and despite twenty years of efforts, it appeared that French nuclear paths did not answer to the expectations and, in 1974, Messmer government put in competition the two American nuclear leaders, General Electric and Westinghouse, the first one with the boiling water technology and the second one with pressurized water. The last one won and Framatome chose it for its nuclear reactors. During twenty years, nuclear industry enjoyed a state of grace. 58 reactors were built and are still operating. French households took ...

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Ten years ago, the bankruptcy of the American investment bank Lehman Brothers triggered the biggest financial crisis since World War II and a severe recession which hurt every developed country. Comments are abounding regarding the responsibilities and the efficiency of the measures decided after the crisis to avoid its reproduction. Unfortunately, the chosen date shows that all the lessons have not been learnt and that the search of the responsibilities is incomplete. The starting point of the crisis was not Lehman Brothers bankruptcy caused by the rejection of the Federal Reserve Bank of New York to do “whatever it could ...

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The government, through a message from the Prime minister, relieved by the minister for Economic Affairs has just announced the great lines of the economic policy to be followed during the next 18 months as it will be proposed to the Parliament and certainly approved. The reduction of the charges weighting on business will go on and in order to limit State and social expenditures deficits, social benefits, including pensions, child and tenant benefits will be, as a symbol, just increased by 0.3%. Just the minimum pension (less than 3% of the retired people) and the benefits for disable ...

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