The deep discontent provoked by past and coming increases of fuels taxation is a further sign of the political leaders incapacity to establish a right diagnostic about the situations they propose to correct, to elaborate the appropriated policies and to make them accepted by their citizens. The increase of the taxes levied on fuels and the convergence at the top between gasoline and diesel has, as an objective, to favor “energy transition”. But this policy, prompted by laudable intentions, is based on a confusion which has been at the origin of many errors.

Climate warming is generated by the accumulation ...

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The publication of the unemployment figures for the 3^rd quarter constitutes a new disappointment. Jobseekers number has reached 3.72 million, a 0.5% increase compared to the previous quarter. However, a 1% fall is noticed on one year but these small variations must not divert attention from the main point. Unemployment stays at a very high level in France with a 9% rate for these who are registered at “Pôle Emploi” as having no activity at all. The rate is much higher if are added all the part-time employees who would wish to find full-time jobs. Even ...

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As expected by financial markets, the Federal Reserve Bank in Washington rose its interest rates this week by 0.25% to 2.25% and nothing in the comments of its chairman makes us thinking that the institution has renounced to rise it again before the end of the year. Some days before, Mario Draghi who chairs the European Central Bank was delighted about the inflation in the Eurozone which was “sound” and convinced that its target to come back to 2% will be reached. Financial markets have deduced that the end of the accommodative policy was confirmed and that they ...

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