Paul Volcker death has given the opportunity to recall his essential role, since he was appointed at the presidency of the American central bank. He will be at the origin of the predominant role given to central banks in the U.S. as in Europe and in Japan, notably regarding the fight against inflation. This role is not without making us reminding that one the British economist, John Maynard Keynes, plaid, at the beginning of the Thirties to get the world out from the terrible crisis which affected it in 1929. He made accepted that the market was not able ...

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The very heavy rains which recently happened in the South-East of France have been interpreted, as in every meteorological event, as being the consequence of climate warming. That has contributed to an increased mobilization in favor of environment. They have also been at the origin of power cuts which have, in some cases, last several days, heavily affecting the daily life of habitants. Two lessons can be got from these events.

There is first the night and day commitment of the teams, who are in charge of putting back in activity networks and taking care of their good working. It ...

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China is at the front of the daily scene for months. Its economy is slowing, the trade negotiations feature with Washington is taking financial markets under tension, the political crisis in Hong Kong is generating lively critics from Western countries. But the place the country is now occupying on the international scene is just the consequence of its growing weight on the world economy.

The Hong Kong crisis is the result of the awkwardness of local authorities and of Beijing refusal to deplore them. The last Sunday elections represent a major disapproval for these authorities but they won’t have ...

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