Word: backdown
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...Sorry, Impossible. It would take a whopping Japanese backdown, all wrapped up and delivered, to rouse any U.S. interest in a deal which might turn out to be raw. Where could the Japanese back down? Certainly not from Indo-China. The occupation of French Indo-China was the only big Japanese success in nearly two years and was immensely popular in Japan. Last week the Japanese were busy entrenching themselves in their new conquests. The Foreign Office named sage, sharp-faced, experienced Kenkichi Yoshi-zawa Special Ambassador-at-Large (i.e., Gauleiter} to Hanoi. Said he, of Japan and Indo...
Lost Face. Japan was not long in getting reactions from this backdown. She had not only lost face diplomatically, but she had lost the military initiative. In Singapore thousands of Australian troops landed after a 3,000-mile trip. They sang Roll Out the Barrel, tossed pennies down on British dignitaries waiting to welcome them, cockily announced that they were "all set and fighting fit," then set out for northern Malaya. U. S.-made bombing planes reinforced the British Air Force at Singapore. New U. S. fighting planes were sent to the U. S. Fleet in Hawaii...
Stocks flittered like feathers in the whirlwind. Sugar, metals, oils, chemicals, aircrafts caught the swiftest of the upward currents. In the vortex, some food stocks rose, some fell. Few behaved so wildly as Guantanamo Sugar, long unnoticed at ⅞, up to 6 (600%) on Tuesday, backdown to 3½ at week's end. Among Dow-Jones' 30 industrials could be found samples of virtually every form of windblown behavior...
...steel industry's backdown on "company unions" at NRA hearings in Washington did not diminish U. S. Steel's resistance to unionization in the coal fields. As a matter of "common sense" Governor Pinchot attempted to mediate the Fayette County trouble by summoning United Mine Workers and Frick Coke officials to a peace conference-a meeting which would put the non-union company into direct negotiation with its union...
Perfectly plain to all was the Democratic backdown on food relief. Senator Robinson had first proposed an outright Federal gift of $25,000,000 to feed the hungry who had no other means of sustenance. By the Compromise he had accepted a proposition whereby $20,000,000 was to be loaned for food only to those who could put up collateral. Piercingly to the point critics showed how the family, without food, without grocery-store credit, without security for a Federal loan, would get none of the $20,000,000, would be as dependent as ever upon the Red Cross...