Word: backlog
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...foreign policy failures have taught Congressmen that the President is far from infallible-and that they can vote against him without incurring too much wrath from the folks back home. Last week 18 Democratic Senators joined Republicans in voting 52 to 38 against an Administration proposal to clear the backlog of cases before the Securities and Exchange Commission by giving Chairman William Lucius Gary and the other commissioners the right to delegate decision-making authority on minor cases to staff members. Just a week before, the House had casually brushed aside, by a 323-to-77 vote, a New Frontier...
...Both Houses approved a Senate-House conference version of a bill empowering the President to appoint 73 new federal judges-which will greatly reduce the backlog of court cases, greatly increase Jack Kennedy's patronage powers...
...apply to consumer products; e.g., an electronic photographic record storage system developed for the Pentagon led to a relatively low-priced system for business record storage that will be put on the market soon. In all, military orders bring in 40% of Magnavox's income. Present Government order backlog: $90 million, v. $67.6 million a year ago. This includes a communications system for the Advent satellite program, and new devices (started in Magnavox laboratories without Government subsidy) for detection of enemy submarines. Says Freimann: "We could be doing two or three times more than we are in these fields...
...estimate for 1961: a modest rise of 5% from last year's low totals, with some 1,300,000 new houses built. Housing now seems to be in step with the ups and downs of the rest of the economy, says Smith, because "the huge backlog of unsatisfied housing demand, resulting from 16 years of underbuilding during the Depression and World War II," has been largely satisfied. Builders are facing a buyer's market...
Needed: Cheaper Houses. Some builders argue that the only backlog that has been met is at the upper end of the price scale. Not nearly enough effort has been made, they say, to provide good new housing for others. High land costs as well as soaring material costs work against cheaper housing, but some builders are trying it. Atlanta's Hudgens, who built only $20,000-up houses until this year, is now building $10,000-$13,500 houses. Another expanding new market: housing for old people (TIME...