Word: backlogs
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...work force of 8.7 million people. In Seattle, Boeing, the world's largest maker of commercial airliners, now has 53,000 workers on its payroll. That figure is well below the record 101,000 it employed in 1968, even though Boeing has a $5 billion order backlog for its 747 jumbo jets, 727 midrange airliners and the radar/computer systems for the Air Force's new AW ACS (for Airborne Warning and Control System) surveillance aircraft and cruise missiles...
...more and more aware that a big part of the game in this town is on the Hill." Besides, Moore argues, some friction between the White House and Congress is inevitable during the transition from a Republican to a Democratic Administration. "Every Democrat on the Hill had a backlog of people he wanted jobs for," Moore says. His office still gets 1,000 calls a day (down from 2,000 nine months ago) for everything from jobs to appointments with the President. He has had to learn by experience which ones he must personally return or risk bruising powerful egos...
...land, their concerns and dreams shaped by their environment. Other Americans worry about urban blight, street crime, racial trouble, chronic unemployment. But not the Northwest. Its economy, based on the renewable resources of forests and farms, is expanding strongly. Its biggest manufacturer, Boeing, has a $5 billion backlog of orders. Its two major cities?Seattle (pop. 496,000) and Portland (377,000)?are bustling, clean and eminently livable. There are too few blacks for any real racial problems, and the small Indian minority?.8% of the population?is fighting in the courts, not the streets, for such goals...
Such speculation is common in California and is beginning to appear in other states. Indeed, California is a housing Oz unto itself; its population is still growing faster than that of any other large state except Texas; the recession bit especially deep in California, creating a huge backlog of demand, and strict environmental requirements severely limit the land available for housing. Prices are starting to level off, but the level is in the stratosphere. In platinum-plated Beverly Hills, one cynical real estate broker exclaims: "Oh, I have such a dog on the market right now! Come to my Sunday...
Other parts of Lockheed's business are in fine shape. The company's total order backlog, largely military, has risen to $4.6 billion, up $1 billion in twelve months. Defense business is consistently profitable; it ranges from cargo aircraft to missiles and electronics-to say nothing of secret projects undertaken at Lockheed's "skunk works," which turned out, among other things, the U2. Negotiations are under way between the Japanese de fense agency and the U.S. Department of Defense for the sale of 44 Orion antisubmarine aircraft, a deal that would bring Lockheed more than $1 billion...