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Jeantot, in his black-and-yellow aluminum-hulled cutter prosaically named Crédit Agricole for the bank that sponsored it, beat by an astonishing 28½ days the previous record for a single-hulled boat, set last year by Australian Neville Gosson. This time Gosson was expected to finish fourth among the larger boats. Jeantot's eleven-ton 56-footer even shaved ten days off the previous single-handed circumnavigation record, set in a trimaran by fellow Frenchman Alain Colas in 1973-74. Jeantot's large monohull also set new race records for the fastest noon...
...Mexico to Poland. And though unemployment is currently at 10.5% of the labor force in Western Europe as a whole, and rising, the specter of inflation is receding. By next December, according to Board Member Hans Mast, a University of Zurich lecturer and executive vice president for Crédit Suisse, inflation should have been driven down from a current level of 8.5% to an annual rate of no more than about 7.5%, the lowest in more than a decade...
Thirty farming villages between Bordeaux and Toulouse have terminals that dispense data about social security rights, building permit procedures and agricultural laws. Bank managers at Crédit Agricole, a financial institution specializing in agricultural loans, can use 24 terminals in Brittany to look at the names, addresses and accounts of all their clients. In Grenoble and Nantes, users can tap two municipal terminals to summon information about military service, student fellowships and job openings. In Paris, 120 hotels offer their guests 4,500 pages of electronic information, ranging from gastronomic advice to the latest stock market quotes. Next year...
Some board members regarded the prolongation of the recession as the painful price of wringing inflation out of the system. Others, like Hans Mast, a University of Zurich lecturer and executive vice president for Crédit Suisse, feared that the deflationary cure has become too dangerous. He noted that trade protectionism is growing and that there is also the risk of an international financial squeeze that could dry up bank lending. It was time, said Mast, "to go on the economic offensive" against present policies...
Middle distance runner Darlene-Beck-ford took an unusual route to a usual finish. Beckford, who likes to dit back early in the race, proved she can run from the front equally well, breaking her track record in the 1500 meters with a time...