Month: November 2013

Three billion euros for Marseille development

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French Prime Minister Jean-Marc Ayrault has just announced a 3 billion-euro economic plan in order to develop Marseille’s transport offer.  He promised another 1.5 billion euros for future projects.

The main part of the plan consists in building a new underground station in the center of the city to replace Saint-Charles train station. This change is supposed to solve many problems of traffic the city has long been suffering from. The cost of the project is estimated at about 2.5 billion euros. It will provide transport for an approximately 20 million people per year. To compare, the current influx of the station reaches only 12 million people.

Urban renovation of the city includes extending the subway line 2 and reconstructions in the center of the city. 1 billion euro will be used to renovate 14 different areas of Marseille located all along the new metro line.

Jean-Marc Ayrault’s intervention might be complicated as hundreds of Bouches-du-Rhônes mayors oppose the development plan and demand a national action from the socialist government.

Maxime Joly, IEJ 3G1

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Twitter flies off on the markets

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The US social network Twitter took on Thursday 7th November one of the biggest initial public offerings of all time for the U.S. Internet company. Its shares soared more than 70 percent after they debuted on the New York Stock Exchange.

Launched at $26 – a higher level than expected – the “TWTR” action reached  $44.90 on Thursday evening.

Twitter’s introduction on markets was the most expected in the US since Facebook’s in May 2012, which had experienced many technical issues.

Twitter on the other hand seems to be safe.

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It’s interesting to note that the “bird enterprise” chose the New York Stock Exchange (NYSE) for its first flights, in opposition with Facebook, who chose the Nasdaq.

The company also decided not to entrust its case to Morgan Stanley, which had been accused of artificially boosting Facebook’s shares during its few successful introduction (too expensive, bugs trading on Nasdaq), which was followed by a long fall. Here, Goldman Sachs is the one in charge of the Twitter case.

A total of 70 million shares were placed on the market Thursday, up to $1.82 billion. This amount will rise to $2.1 billion in case of exercise of an overallotment option on 10.5 million additional shares.

This is far from the $16 billion raised by Facebook, which holds the record for the largest initial technological exchange in the United States.

But Twitter is set approximately equal to the Internet giant Google, which points so far in second with $1.92 billion collected in August 2004, according to data from research firm Dealogic.

Some analysts have warned that the price of Twitter could be very volatile in the coming days, and estimates are already very different.

We’ll see the next results after the weekend.

Marine Vanthournout, IEJ 3G1

All Blacks, No Fear

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The All Blacks are in Paris this week for a test match against the French team on Saturday. They play in Europe for the Fall Round.

This is a real challenge for the French players. Indeed, New Zealand’s technics is a symbol of perfection and strength. Players like Richie McCaw or Dan Carter are models for many others around the world and they are part of rugby history.

The All Blacks appear as a high mountain, hard to climb and dangerous because of the players’ physical strength. The typical player of the New Zealand team is 1.87m high and 102kg heavy, much more massive than French one.

The All Blacks are 2 times World Champions (1987,2011) and they have reached the final stage of the competition 7 times.

Concerning the confrontation between France and New Zealand, figures are terrifying. France only won 12 matches while New Zealand won 42 of them.

Saturday’s meeting is a big step for the French team. Players would have to show a strong determination to reverse the Black pack.

Thomas Bastard, IEJ 3G1

London Masters

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Two tennismen are sure to continue the tournament of the London Masters thanks to their two victories : Rafael Nadal and Novak Djokovik, first and second worldwide.

Richard Gasquet (number 9), who could finally participate because of Andy Murray’s abandon, is eliminated from the tournament. It is also the case for David Ferrer, the world number 3. Both lost twice, which is sufficient to be eliminated.

Today, only 4 players have the possibility of joining the two best woldwide players to continue the tournament up to the quarter finals: Tomas Berdych, Stanislas Wawrinka, Juan Martin Del Potro and Roger Federer.

Everything is possible for these four players. Nervertheless, the outcome is very uncertain.

Alexia Zahedi, IEJ 3G1

Daft Punk is given front page treatment in the Wall Street Journal

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The two masked French musicians have been photographed for the Innovators issue. The soft porn photographer Terry Richardson immortalized them alongside the Brazilian model Gisele Bundchen.

The cover has been made right after Thomas Bangalter and Guy-Manuel de Homem Christo won the “Entertainment Innovators Award” for their album “Random Access Memories”, which was handed over to them by Pharrell Williams at the New York Museum of Modern Art, during the Wall Street Journal’s Party.

The French band explained once again why they decided not to tour soon, despite the fans’ wish: “The world we live in today is slightly off because money makes the world go. So we’ve had the freedom to always pick the thing that makes us the most happy.

8 photos can be watched on WSJ’s slideshow. Among them, a cute photograph of Daft Punk’s sons wearing their daddies suits, as if the band wanted to say that their music would last.

Moreover, “Random Access Memories”, that sold 339,000 copies in its first week sale, is going to be released in a deluxe edition. It contains 2xLP vinyls, posters, and exclusive stuff. It will cost 275$ and will be launched in early December. You can preorder here.

Adrien Briand, IEJ3G1

New Star Wars for December 2015

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star-wars-nocreditThe date of release of  the seventh movie of the Star Wars saga has been announced by the Disney studios. The film, directed by J.J. Abrams (Mission : Impossible : Ghost Protocol) and Lawrence Kasdan (Empire strikes back and Return of the Jedi) is planned for December 2015. The directors said that they will have time to make a “sensational movie” with great pictures and special effects. This film is an opportunity for the Disney studios to realize a big production with more success than the last film Lone Ranger, which was a flop. The film shoot should begin in spring in the Pinewood studios near London.

Clément Daugé, IEJ 3G