Word: backlog
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...shot performances that would not be repeated in 1961. Last week the Department of Agriculture estimated that agriculture exports will not drop by more than 10%, which could easily be made up by increases in industrial materials. Sales of jets abroad will continue high, partly because of an order backlog of twelve to 18 months...
After a two-month rise that temporarily heartened businessmen, manufacturers' orders turned about and dropped 4% in October, sending the backlog of unfilled orders to the lowest point in two years. Manufacturers' sales fell 1% in October for their sixth monthly decline in a row. What was even more disturbing to economists-and the chief cause of the orders slump-was that businessmen are still living off their inventories instead of reordering. In October, business inventories fell $400 million from September for their fourth straight decline...
Despite the fast sales, the industry had one big worry-a backlog of 913,807 cars in early November, a record for the date and a hike of 58,130 units from the month before. Chrysler, which has had more than its share of the backlog despite improved sales, this week plans to shut down three plants for a week for "an adjustment of field inventories." Chrysler also suffered a casualty in the decline of the medium-priced car; it announced that the DeSoto, in production for 32 years, would be discontinued this month because of steadily shrinking sales (less...
Union members continued working while union and company negotiators haggled fruitlessly in 100 bargaining sessions. One day short of a year after the contract expired, the Mine & Mill union struck. The union's members, having been warned to prepare for the strike, had a good backlog of savings. Three "strike stores" were set up to supply free food and clothing to union members; a soup kitchen was set up for picketing bachelors. Idaho Governor Robert Smylie approved state welfare for the striking families over management objections...
Clearly, the system is out of joint, and neither Mr. Nixon's statistics nor Life's bright photographs can prove otherwise. Eight years of Eisenhower non-government have left an imposing backlog of business unfinished or never begun, and Mr. Nixon seeks to forestall any real action now with the shibboleth of "state and local initiative" and the bogeymen of "socialized medicine" and "Federal control of education." He points with pride to statistics showing Republican accomplishments in, for instance, school and hospital construction, but accomplishments are meaningless except in relation to needs, and the needs have not been met, despite...