Word: pinching
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...Valley, Quentin Newcombe tacked a sign: "The Valley Evening Monitor, the Valley Morning Star and the Brownsville Herald are . . . against our American public-school system. Buy other newspapers and help drive these objectionable carpetbaggers from our valley." The "carpetbagger" Newcombe meant is 73-year-old Raymond Cyrus Hoiles, a pinch-faced Californian who looks and acts as if he had just bitten into an unripe persimmon...
...Immediate Pinch. What is the outlook for the U.S. in 1952? For guns, it looks immeasurably better. Many of the plants now building will come into production; finished weapons should begin to flow in constantly increasing quantities. But this will happen only if U.S. business, labor and the general public are willing to bear the dislocations which bigger arms production must bring. The lesson of 1951 was that the U.S. cannot get the guns it needs without disrupting more of the economy. In 1952, many less essential businesses may go broke for lack of materials. Unemployment will rise as workers...
...pinch will be only relative -nothing like the protracted shortages of World War II. For one thing, U.S. homes are already well stocked with all the apliances bought in the big buying waves in late 1950 and early 1951. For another, business is still loaded with a record $70 billion in inventories. Overall production of hard goods will be cut to about 40% of its 1951 rate. As the mobilizers see it, the U.S. will be able to turn out at least...
...clothes that anybody wants. The pinch should ease after the first six months. The supply of steel will be tightest in the first quarter. After that, expanding capacity (scheduled to hit 118 million tons in 1952 and 120 million tons in 1953) should make more civilian steel available. The total output of goods & services will expand to an estimated $356 billion at the end of 1952. But with rising incomes there will be more money available than goods & services to spend it on, i.e., an "inflationary gap" of about $12 billion. Last year's high saving was abnormal...
...fogy. Like Conrad and Maugham, he prefers to clamp a character in the vise of a strange situation, watch him wriggle toward nobility, degradation, or death. At his best, Author Steele can stir a jigger of irony, a dash of adventure, a sprig of the exotic and a pinch of mystery into a tippling good yarn. At his worst, he makes the tricks of Fate look like the hoked-up tricks of the trade...