Word: mast
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...exclaims.There is a split-second of silence from the wings and the pit as all eyes swivel towards the “fine, strapping, muscular young fellow”—and then, a burst of unscripted laughter. Gilbert and Sullivan might have intended Robin to be a mast-like man among men—but apart from his height, the thin and artsy-looking Morris doesn’t quite fit the bill.He manages to remain in character and swagger a little, puffing up his chest as he smugly replies, “I know well enough that...
...Institute for World Economics, called a mood of "Europhoria." The good economic news has led investors to push up prices sharply on all the major stock exchanges in Europe in recent months, but Giersch warned that growth will not be enough to solve deep-rooted problems like unemployment. Hans Mast, an executive vice president of Crdit Suisse, agreed. Said he: "Unemployment in Europe has many demographic, structural and social causes that cannot be redressed simply." He also pointed out that his upbeat forecast assumed that U.S. economic performance would improve. "Ultimately," Mast said, "Europe cannot prosper unless the rest...
...Mast acknowledged that familiar threats to the recovery still existed: a crash landing of the declining dollar, for example, or a collapse of oil prices could bring turmoil to the international financial system. An American turn to protectionism as a means of dealing with its $145 billion trade deficit poses another risk. So does the vast, unpayable debt being borne by developing countries. But Mast believes that prospects for international crisis management have been greatly improved since U.S. Treasury Secretary James Baker launched his campaign last year for closer cooperation among the world's major industrial countries. Said Mast...
...TIME board members were divided over the issue of whether Europe could stimulate its economies more without risking higher inflation. Mast pointed out that West Germany, Britain and France have already introduced tax cuts. Any stronger measures, he indicated, could bring about more price increases and higher interest rates. Mast was backed by Samuel Brittan, an assistant editor of the Financial Times London, who felt that government action push growth would result in "some of the inflationary dangers that made our flesh creep a few years...
Throughout the session, the board members argued basically about how to use the opportunity offered by the arrival of a more durable recovery to create additional jobs. No one disagreed that West European economies are at last on the move after years of little or no growth. Mast warned, though, that labor unions seemed to be becoming more aggressive and demanding higher pay increases as the outlook brightened. The best hope for reducing Europe's continuing unemployment problem is through structural reforms, such as faster progress toward a genuine European common market and greater labor mobility. That would unleash more...