Word: pincer
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Dates: during 1940-1949
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...greatest of Axis pincer movements threatened the world last week. The pinch was aimed at Russia. Indirectly it was aimed at all world hopes of escaping the worldwide designs of Adolf Hitler...
...western prong of the pincer was the German Army closing on Moscow (see p. 24). The eastern prong so far consisted of small Japanese generals sipping green tea, studying their detailed plans for attacking Siberia. But now that a Japanese general was premier at last (see col. 2), it seemed inevitable that Japan would attack Siberia...
...could.* At once Japan, which has spent the past months unable to make up its mind about anything, found itself faced with a new enigma-Vladivostok. Probably U.S. supplies for Russia would be routed to Vladivostok. The Japanese General Staff began to see possibilities of an Allied pincer threat toward Japan based on Vladivostok and Singapore. As of last week, the Japanese did not know the answer...
Early this week that outcome may have been foreshadowed by the German High Command-vastly more reliable than the official Nazi D.N.B. news agency-which claimed that the chief Russian forces in the center around Smolensk had been "destroyed." Russia admitted that a powerful German pincer thrust toward Kiev had reached Belaya Tserkov, 60 miles southwest of the city...
Last week the tax half of the pincer was laid before the House Ways and Means Committee by Leon Henderson. He urged a 20-25% excise tax on all sales of automobiles, old and new. The installment-sales half was still being studied by OPACS and Federal Reserve economists. Since so many finance companies, dealers and banks compete for the business, best guess was that some form of Federal regulation of installment sales was likely. Possible first move: limitation of installment contracts to 18 months. Consumption of other durable goods besides autos-refrigerators, stoves, furnaces, etc.-could be controlled...