News about <![CDATA[Paris]]> News about en-us <![CDATA[Soho Press Announces the Winner of the "Win a Killer Trip to Paris with Cara Black" Sweepstakes]]> <![CDATA[The band ALEF: On stage in your city soon]]> <![CDATA[Uniqlo To Open Largest Flagship Store In Shanghai]]> <![CDATA[New 4-star hotel resort in Western Paris : the BEST WESTERN PLUS Paris Vélizy]]> <![CDATA[Glass Reinforcements Enhance Vehicle Efficiency]]> <![CDATA[Top Ten Most Expensive Global Office Rents Include Hong Kong, Beijing]]> <![CDATA[World's Most Expensive Cities]]> DailyFinance.com: See the full gallery of the Top 10 Most Expensive Cities at CNNMoney More from CNNMoney: 10 things you'll pay more for in 2013 6 things you'll pay less for in 2013 Cheapest cars to fuel ... Read more]]> <![CDATA[In Munich, Vice President Biden Highlights Transatlantic Relationship with European Allies]]> Four years ago, Vice President Biden spoke at the annual Munich Security Conference to outline the Obama administration’s foreign policy agenda and reset our relationship with Russia. On Tuesday, Vice President Biden wrapped up a similar trip to Europe during which he stressed our strong cooperation with our European allies and highlighted our many joint accomplishments over the last four years. 

Travelling first to Berlin, the Vice President met with German Chancellor Angela Merkel to discuss our bilateral relationship with Germany and the common challenges we face in Iran, Syria, Mali, and Afghanistan. The Vice President and the German Chancellor also traded views on their respective economies as well as energy and climate change.   

Vice President Joe Biden and German Chancellor Angela Merkel

Vice President Joe Biden and German Chancellor Angela Merkel walk on the balcony outside the Chancellor's office overlooking Berlin, Germany, Feb., 1, 2013 (Official White House Photo by David Lienemann)

Continuing on to Munich, Vice President Biden delivered remarks at the 49th Munich Security Conference and held a series of bilateral meeting with world leaders.  His speech stressed the continued importance the U.S. places on the transatlantic relationship.  “It’s hard to imagine a single threat or opportunity that we cannot address more effectively together,” he said.

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<![CDATA[Germany Takes Gold: Bundesbank to Retrieve 1,950 Tons from U.S., France]]> DailyFinance.com: BERLIN -- A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France. Daily Handelsblatt reported ... Read more]]> <![CDATA[Cloud emailing provider Mailjet picks up $3.3m for growth]]>


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<![CDATA[Why I am heading to Le Web 2012]]>


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<![CDATA[Sandy Still Hitting Northeast Air Travel With Thousands of Flights Cancelled]]> DailyFinance.com: By JOSHUA FREED and SAMANTHA BOMKAMP Superstorm Sandy grounded more than 18,000 flights across the Northeast and the globe, and it will take days before travel gets back to normal. According to the flight-tracking service FlightAware, more than ... Read more]]> <![CDATA[HT Localization Broadens Social Media Reach with France Based Viadeo]]> <![CDATA[Video star Dailymotion relaunches white label service]]> ]]> <![CDATA[Video star Dailymotion relaunches white label service]]> ]]> <![CDATA[Microsoft in the dock over French tax fraud claims]]> ]]> <![CDATA[First London, now Paris: Metro gets free WiFi]]> ]]> <![CDATA[Data Center News from France: Colt, Level 3, Verizon]]> <![CDATA[Unleashing Innovation & Deepening Democracy Through Prizes]]> Prizes have a long history of driving important breakthroughs: Napoleon's 1800 Food Preservation Prize resulted in the invention of canning; the 1927 Orteig Prize helped inspire Charles Lindbergh to make the first nonstop flight from New York to Paris. More recently, the 2011 Wendy Schmidt Oil Cleanup X Challenge spurred an Illinois company to create a cleanup method for oil slicks that is four times more effective than any previous one.

It is with that powerful history in mind that today, in Washington, hundreds of leaders from the White House and Federal agencies joined their peers from some of the Nation's most recognizable companies and organizations to develop strategies to use prizes and competitions as a key method to spark innovation and deepen citizen engagement.

You may ask: Are prizes still relevant? Absolutely. New social media tools have enabled smarter and more cost-effective approaches, and the public sector has begun to take advantage of prizes as a way of tackling some of the most perplexing challenges that affect us all – with promising results.

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<![CDATA[President Obama Discusses the State of the Economy]]>
President Barack Obama delivers a statement on the economy (June 8, 2012)

President Barack Obama delivers a statement on the economy in the James S. Brady Press Briefing Room of the White House, June 8, 2012. (Official White House Photo by Lawrence Jackson)

President Obama today took to the podium in the White House Briefing Room to discuss the state of the economy and answer a few questions from reporters.

He began by addressing the ongoing crisis in Europe -- America's largest trading partner -- and why it's an area of focus for his administration. 

"If there’s less demand for our products in places like Paris or Madrid," he said, "It could mean less businesses...for manufacturers in places like Pittsburgh or Milwaukee."

The President told reporters that, while there are reasons for concern, European leaders have the capacity to solve their problems -- and they'll have the support of the United States in that effort.

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<![CDATA[LeWeb London almost happened in San Francisco]]> ]]> <![CDATA[France’s Viadeo has ‘headstart’ on LinkedIn in China]]> ]]> <![CDATA[Viadeo gets $32m to become LinkedIn for the world]]> ]]> <![CDATA[Jolicloud evolves again with ‘personal cloud’ backup]]> ]]> <![CDATA[With new app, Sharypic aims to be Instagram for events]]> ]]> <![CDATA[Paris Autolib innovative electric car service unveiled]]> <![CDATA[[TaM-1227] The Truth About a Paris Cafe]]> ]]> <![CDATA[New International Duet : Andrea Dreah Pennington and Robert Lauri]]> <![CDATA[The new boutique-hotel "Elysee Secret" has opened its doors in Paris Champs Elysees district]]> <![CDATA[The Story of a Camel Cape: J.C. Penney Aims for Fashion Leader Status]]> DailyFinance.com: The camel cape that will hit J.C. Penney's stores this month draws inspiration from a smattering of influences, among them, the Bianca Jagger look of the 1970s, London streetwear, and the runway shows from last winter's New York Fashion Week. It ... Read more]]> <![CDATA[Paris power play feels like deja vu all over again]]> ]]> <![CDATA[Home Exchange Vacations: Why Pay to Stay When You Can Swap Houses?]]> DailyFinance.com: Summer is around the corner, but vacation budgets for many families are tight. But a bit of belt-tightening doesn't have to mean giving up your dream vacation if you're able to escape the costs of a hotel and car rental. Now could be the time to take ... Read more]]> <![CDATA[Scientifically Proven Way to Avoid Jet Lag]]> <![CDATA[Scientifically Proven Way to Avoid Jet Lag]]> <![CDATA[The 1st Great War of 21st Century Has Begun!]]> The 1st Great War of 21st Century Has Begun! originally appeared in the Daily Reckoning. The Daily Reckoning now provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

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<![CDATA[Japan's Earthquake Sends a Shockwave Through the Luxury Goods Business]]>

The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese earthquake and tsunami on their bottom lines.

Continue reading Japan's Earthquake Sends a Shockwave Through the Luxury Goods Business

Japan's Earthquake Sends a Shockwave Through the Luxury Goods Business originally appeared on DailyFinance on Tue, 15 Mar 2011 16:45:00.

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<![CDATA[With Pascin at the Dôme]]> <![CDATA[Chrysler CEO Marchionne: We'll Take a Piecemeal Approach to IPO in 2011]]> Sergio Marchionne Fiat CEO

Chrysler Group is likely to pursue an initial public offering of stock in "chunks" rather than one big offering and not until the second half of 2011, the company's chief executive said Thursday.

Continue reading Chrysler CEO Marchionne: We'll Take a Piecemeal Approach to IPO in 2011

Chrysler CEO Marchionne: We'll Take a Piecemeal Approach to IPO in 2011 originally appeared on DailyFinance on Thu, 30 Sep 2010 16:20:00.

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<![CDATA[Paris Auto Show: Diesel Engines Make Jeep More Euro-Friendly]]> <![CDATA[Convergence: Why Cars on Main Street Are Starting to Look Like Those in Paris]]> <![CDATA[Get your hotdogs and hand grenades]]> <![CDATA[world’s Top 15 Best Cities For Business And Careers]]> <![CDATA[Volcano!]]> You probably missed this because it has gotten so little attention but apparently a volcano has been erupting in Iceland disrupting all manner of air traffic in and around Europe. Ok no more sarcasm.

For quite a while now I have been writing about things like toll roads and airports as infrastructure investments. Recently I concluded that toll roads are more like utilities than true industrial stocks as they are usually characterized--still being a legitimate form of infrastructure investing.

Investing in publicly traded airports seems like a similar thing. Airports are part of the infrastructure theme and I think a similar type of utility as toll roads. Obviously the volcanic ash has impacted flights and so has impacted airline stocks and to a lesser extent some of the airport stocks I keep tabs on.

The chart captures Copenhagen Airport which has symbol KBHL in Denmark and CPNGF on the US pinks, Aeroports de Paris symbol ADP in Paris and AEOPF on the pinks, Fraport symbol FRA in Frankfurt and FPRUF on the pinks, Auckland Airport AIA in NZ and ACKDF on the pinks, Macquarie Airports MAP in Australia and MGPYF on the pinks and the Claymore Airline ETF (FAA).

The actual chart may not be of much use but anyone interested can take the symbols, make their own charts and draw their own conclusions.

I would expect FAA to be down more than the airports but it looks to me like a couple of the airports are down the same as FAA. MAP is down about as much as FAA and while you might think it odd that an Antipodean airport would be down in line with the airlines, MAP has a lot of exposure in the UK.

It is debatable whether an erupting volcano is a black swan event or not but airport traffic does not get disrupted like this very often so in terms of short term shocks it is possible that this is as bad as it gets. Obviously airports would be vulnerable to fewer commercial flights and fewer cargo flights caused by an economic slowdown or perception of a slowdown which would be more gradual than a volcano.

During the worst of the bear market most of the airports went down more than the S&P 500 except for Fraport which went down the same and Auckland which although did go down a little less had a large portion of its decline before the S&P 500 and did worse than the NZ 50 benchmark index. Interestingly Port of Tauranga (POT in NZ and PTAUF on the pinks), which is a sea port operations company turned out to be a much better place to hide than any airport I've looked at and most toll roads.

I think there can be a place for this sort of thing in a diversified portfolio (toll road or airport but probably not both) but they are very difficult to trade. Many don't trade much in their home markets let alone here on the pinks. Anyone can judge for themselves whether they think there is enough volume to get out of the size they would normally buy. I disclosed a while back owning a Chinese toll road personally and for one client for whom it was suitable but that it would not be a good buy for all clients because I have no faith that I could get out of a full across the board allocation. I own no airports anywhere as I prefer the toll road idea but even then it is very difficult to access for now. Who knows when or if this will change but I do find these to be of interest and so I keep tabs for now.
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