Category Archives: Geo-Europe

Unemployment in France at 12 Year High

https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcSMYUrPrAMsz6NWi5MRYuOA1ffuBYaUd-dkreMsHJZ7jCewkbq_VwThe unemployment in France increased to a 12-year high in November 2011 amid economic slowdown, data from labor ministry revealed Monday. The number of unemployed people in France by 29,900, or 1.1 percent, to 2.85 million in November 2011. From the prior year 2010, the unemployment increased 5.2 percent. The jobless total reached the highest level since November 1999. The statistical office Insee expects the economy to slip into a mild recession in the fourth quarter of 2011 and the first quarter of next year 2012. A survey from the Bank of France showed that the economy will stagnate in the fourth quarter of 2011. With French presidential elections coming up in 2012, the French govt is likely to take additional steps to support the unemployed youth in France

Commodities Are The Best Investment Today: Jim Rogers

23 Nov, 2010: Korea tension: Commodities are the thing to invest in, says Jim Rogers

In an interview with ET Now, Jim Rogers, Chairman, Rogers Holding, talks about the correction in global markets besides giving his views on commodities and India. Excerpts:

http://economictimes.indiatimes.com/thumb.cms?msid=6976432&width=300&resizemode=4Q1: Global markets are correcting and everyone is saying it is because of Korea. Would you endorse that thought?

First of all, global markets should be correcting about this time because they have been pretty strong recently and there is always some reason to correct. This time, it looks like it might be Korea. Whenever you have threat of war, usually everything goes down at first, then you have to figure out what to invest in after the initial collapse. In my view, the thing to invest in is commodities because if there is going to be war, it is always good for commodities and if there is no war, then commodities will rally like everything else. Continue reading

UK HMRC at melting point with over £40 billion uncollected tax

This audio interview reveals a very difficult situation within the UK HMRC, which has the responsibility to collect taxes, with £40 billion uncollected tax due to bad software systems and under-staffing.

UK HMRC at melting point

There are a million pieces of unanswered post. It will be taking 3 months to answer them, which itself might increase the problem further if a person has to pay back taxes with interest.

The UK HMRC contact centers are severely under-staffed, and that fact comes out from numerous press reports of people having to wait for a long time just to be able to speak to a tax officer to understand any discrepency in the tax numbers they have with them vs what HMRC is asking from them.

The average tax payment due is about £1400 and about 1.4 million people will receive letters from HMRC by Christmas.

So if you are in the UK and frustrated with not having any response from the HMRC, now you understand that many others are facing the same, and that the staff at HMRC are stretched to the limits already.

As long as you keep the communication from your side intact, it should be okay.

France Introduces New Carbon Tax To Cut Carbon Fuel Emissions

In a move to make people reduce their consumption from using oil and gas energy, France will impose a levy on oil, gas and coal consumption by households and businesses from next year.

This Green Carbon Tax will be 17 Euro per ton of Carbon emission. While Sweden and Finland already have such taxes, France is now the largest developed economy to implement such a carbon tax.