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Nef
It's a radial arm saw.
Basically the precursor of a modern chop saw, they were sold in the 50s as a single item workshop. It can also be used for ripping (not that you'd ever want to) amongst other things. Some people swear by them but I personally don't like them, they can however be useful if you build them into a bench for cutting repeated set lengths at 90 degrees.
This video explains some of their pros and cons better than I can:
https://youtu.be/AHRwN99fGCY
Personally I'd buy a cheap chop saw and spend the time setting it up and buy a really good blade for it (Freud are my preference).