The crisis the world economy is going through is without  precedent. Measures taken to fight against the corona virus outbreak have, as an effect, to stop the economic activity. Household aren’t anymore moving around, which hurts entire sectors: air transport, hotels, airports, restaurants. Shuted up at home, they don’t consume anymore, except to satisfy essential needs and shops, malls and soon markets close. Enterprises have no more clients or spare parts to produce. Home working is only possible for some services activities. To produce, you need to be there. Plants put their workers on unemployment and close. But ...

Continue reading

Jack Welch, who has been General Electric Chairman and CEO during twenty years, from 1981 to 2001, has passed away yesterday, March 2^nd. He was 84 years old. He had transformed the company to make it the highest Wall Street market capitalization, reaching 400 billion dollars when he retired, and especially, both regarding large company management and strategic issues he acquired at the dawn of globalization and he remains a benchmark. He was also a friend of France. The company current difficulties, whose value fell and which has been excluded from the Dow Jones where it was included since ...

Continue reading

As every year at the same time, France National Audit Office has published its report on the management of public finances during the previous year. Its criticisms are harsh about the functioning of some public services or establishments and its conclusions are alarmist on the evolution of the State deficit and its indebtedness. But if the analysis which have the qualities of a detailed audit of an identified case as the one regarding Polytechnic School for instance are indispensable and convincing because they attract attention on the failures and carry elements allowing the State to remedy to them, the macroeconomic ...

Continue reading