Word: backlog
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President Donald Douglas Jr. is clearly gambling that the DC-9 will help reverse his company's decline. The loss of the Skybolt contract last January cut Douglas' orders backlog to $806 million (v. $2.2 billion in 1956). Sales during the past six years have slipped 30%, to $750 million in 1962, and the work force is only half what it was six years ago. Canny James McDonnell, chairman of St. Louis' thriving McDonnell Aircraft, has bought an estimated 200,000 Douglas shares and wants to take over. Though Douglas directors rebuffed his bid last month, they...
...Bars, No Locks. More surprising than Georgia's backlog of woes, though, is that even before the 1959 scandal it had started an earnest effort to save its citizens from Milledgeville. Psychiatric clinics were set up in general hospitals for prompt and intensive treatment of the mentally ill, and outgoing Governor Marvin Griffin put aside $300,000 in surplus funds to get the movement rolling...
...Direct federal financing of an urban renewal program to eliminate the backlog of substandard housing in which, according to the 1960 census, a fifth of the nation dwells...
...Parallel sponsorship of a school, hospital and public works program. The AFL-CIO estimates that a directly financed federal undertaking to eliminate the backlog of necessary construction, would keep ten million men working for twenty years and would cost ten billion dollars annually...
...readiness to make big commitments, willingness to take in local investors as partners, and consideration for local political sensitivities. But in Córdoba, Argentina, two weeks ago, when Kaiser reluctantly called a ten-day shutdown of its auto assembly lines in order to work off a prohibitively large backlog of unsold cars, hundreds of workers seized 50 supervisors, locked them in a paint shop, and held them hostage until local Kaiser Boss James McCloud agreed to keep the plant in operation...