Gyroscopic Investing

As France prepare to host millions of visitors at the Euro 2016 Football Championships, a state of emergency has been extended in the country as it faces its largest protests in recent history.

Hundreds of thousands of citizens have taken to the streets in France, amounting to what some are calling the new French Revolution amid a total media blackout in Western news outlets.

http://yournewswire.com/media-blackout- ... 200-years/

What are they rioting over?

The Controversial Labor Reform:

1. Makes it easier for companies to lay off staff and cut costs in difficult economic times.

2. Allows companies to opt out of national labor protection rules if they reach in-house deals on pay and conditions with the consent of a majority of their staff – and not the trade unions.

3. Allows employers to extend the legal work week from current 35 hours to 48 hours – up to 60 hours with an ‘exceptional authorization’, and reduce overtime from current 25% to not less than 10%.

4. Proposes surtax on short-term contracts aimed at getting employers to hire more people on permanent contracts

5. Introduces a cap – 15 months of pay – on compensation in cases of unfair dismissal.

Kriegsspiel wrote:What are they rioting over?

The Controversial Labor Reform:

1. Makes it easier for companies to lay off staff and cut costs in difficult economic times.

The new law also makes it easier for companies to hire new employees. Currently, French companies are reluctant to make new hires because it is very difficult to lay them off when economic conditions change.

To summarize, France needs to adopt its laws to modern times.The future of France, as for every country, consists of accepting reality and creating just laws to adapt to changing times.