Word: blitzkrieg
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Until Hitler could make his preparations for taking Bulgaria without a fight, his advance army of psychological sappers continued busily undermining, camouflaging, sending up trial rumors and tentative untruths, paving the way for a Blitzkrieg in the spring just as they did in the Lowlands in 1940. Such a welter of conflicting reports was abroad in the Balkans last week that the Nazis were actually surprised. "It's a splendid fog," said a happy Berlin spokesman, "and others made...
...marked contrast to the Manner heim Line was the German film, Blitzkrieg im Westen. It was designed to overawe all who see it. If it drives U. S. audiences under the bed, it will succeed, but it seemed more likely to shock complacent Americans and make them aware of the swift, titanic, destructive power of the greatest military force in the world today: the German Army...
...curious fact was that in most men's minds everywhere-even in Germany, to judge by Nazi denunciations-Winston Churchill outranked all others as Man of 1940. He came to power as Prime Minister just as the Blitzkrieg descended upon Britain's outposts. In his first few weeks in office they toppled about him like ninepins. Norway had already been lost. Then fell The Netherlands, Belgium, France...
Britons last week were much fonder of another book about the Blitzkrieg: Their Finest Hour, a collection of reports by TIME'S London Correspondents Walter Graebner and Allan Michie. Their book consists largely of firsthand accounts of men who served at Dunkirk, in the Navy, in the R. A. F., etc. Up to last week 7,000 copies had been sold, the equivalent of a sale of more than...
Despite the production boom, stock prices never have climbed back to the level from which the Lowlands Blitzkrieg toppled them last May. Thus many a shareholder had paper losses this month on stocks bought before the May collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits...