Word: backlogs
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Normally the Harvard Athletic Association pays the band expenses for one away game each year. This year it will finance the Yale game, with the money for the Columbia trip coming from the backlog stored up last spring...
...Many in India argue that there are few alternatives, since the country's judicial system is tainted by corruption and crippled by backlog. Kanwar Pal Singh Gill, India's most famous cop for helping put down the Sikh insurgency in Punjab state in the 1990s, is blunt: "Our legal system doesn't work at all. If there are no legal remedies, there'll be extralegal ones...
Patt said a significant backlog prevents new visa applications from getting immediate attention...
Housing experts measure supply in months, with a six-month inventory considered normal. The national backlog reached 9.2 months in the 1990 recession but today stands at just 4.8 months. The upshot: even if demand slackens, prices can hold if sellers simply wait a normal length of time for the right buyer to surface. Increasingly, that buyer is a new American. Greenspan can get breathless describing "the incredible rise in immigration," which he says accounts for "a third of the rise in household formation" and "has been a major factor holding the price level of homes up." Today more than...
...This is the time of year that manufacturers offer big incentives to their dealers (or directly to their customers) to move the 2002 stock off the lots to make room for the incoming 2003s. So buyers now have some additional bargaining power. "With May and June sales down, the backlog of 2002 models has grown substantially," says Art Spinella of CNW Marketing Research in Bandon, Ore. As a result, "automakers are now dealing more than ever...