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Inside Japan, business leaders who believe the economy is snapping back propose a kind of pincer movement for national regeneration. According to this theory, the government--led by economics friendly Prime Minister Keizo Obuchi--spends lavishly to stimulate a small amount of economic growth. By putting trillions of yen in the hands of consumers, Obuchi's program saves the economy (to say nothing of his political career) and gets consumers to finally start spending. In time, that growth encourages Japan's out-of-date manufacturing firms to begin a difficult restructuring. The result is a top-down, bottom-up postindustrial...

Author: /time Magazine | Title: Get Rich Quick | 8/2/1999 | See Source »

...neighboring states from Albania to Macedonia were convulsed by the prospect of ethnic violence. Inside Yugoslavia, in what may come to be regarded as the worst of the secondary effects of the strike, Serbian troops stepped up their campaign against Kosovo's Albanian citizens, squeezing the province in a pincer movement that stabbed south from Belgrade and north from the Macedonian border. The offensive produced thousands of refugees and inspired terrifying reports of mass killings...

Author: /time Magazine | Title: Into The Fire | 4/5/1999 | See Source »

...Like settling the Paula Jones suit, this strategy will not make impeachment hearings go away. But the Clinton camp is desperate to strengthen its political hand -- to the point, they hope, where they can persuade Congress to make a deal. Neither side of this pincer movement has succeeded yet, however. Negotiations with Jones' lawyers appear to have stalled on the size of the payoff, with the plaintiff's team reportedly holding out for a cool million. "We have put an offer on the table that should be accepted and will be accepted eventually," Jones attorney David Pyke said Sunday. When...

Author: /time Magazine | Title: White House Hits Back | 9/28/1998 | See Source »

WASHINGTON: Thought it was over? Not a chance. Monica Lewinsky has been summoned to return to the courthouse on Thursday -- where Ken Starr, in a classic prosecutorial pincer movement, will try to get her to contradict President Clinton's Monday testimony. If she does, Starr has a crack at getting the President for perjuring himself before a federal grand jury -- a much more serious charge than any Clinton has faced so far, and one that could bring the country a step closer to impeachment...

Author: /time Magazine | Title: Monica Redux | 8/19/1998 | See Source »

...pincer campaign to seize Kupres marks the first time the Muslims and Croats have fought as allies since they agreed to work together last spring. A firm alliance, much encouraged by Washington, could enhance Bosnia's military might by widening supply routes and bringing in Croat artillery. But U.N. observers warn that Croat cooperation in Kupres may simply be opportunistic -- a chance to advance their own territorial objectives...

Author: /time Magazine | Title: Reversal of Fortunes? | 11/14/1994 | See Source »

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