Word: backlogs
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...tireless and meticulous worker, he often spends all day receiving visitors, then works far into the night to catch up on his backlog of paper work. His ascetic self-discipline and brilliance as a back-room negotiator have put him in firm command of his party and won him the grudging respect of opposition leaders. Franz Josef Strauss, Bavaria's powerful Christian Socialist leader, calls him the "most important man in German politics...
...Japanese occupation, serious unemployment, an average annual income of $140 and the growing pains of a very young nation. In addition the Philippine legal system is appallingly weak. At the top, the Supreme Court's jurisdiction is so all-embracing that the court has an ever-mounting backlog (now three years), and some decisions are reached only after six years. The country's lower courts are so swamped (243,200 cases) that even Manila's generally hardworking judges cannot get around to trying criminal cases for two years. As one result, a professional criminal is almost...
When the money squeeze hit last spring, S & Ls had on their books some $3 billion in promised but unmade loans. For months, they had to use most of their available funds making good on those commitments. Now the backlog has been cut nearly in half. "We're reaching a point where it won't take an awful lot of fresh money to get the industry back into mortgage lending in a significant way," says President John W. Stadtler of National Permanent S & L in Washington, D.C. Happily, savings again are flowing into S & Ls, after huge withdrawals...
Cowling-Deep in Red Ink. A merger at this time, some observers feel, might be the best thing that could happen to Douglas. Ironically, nothing has failed the company so much as success. Swamped with a $3 billion backlog of orders, Douglas has burned up its financial resources attempting to accelerate production. In September, the company reported nine-month losses of $16.4 million. And despite a record November output of twelve commercial jet transports worth $38 million, Douglas is four months behind in its delivery dates, slipping further because of continuing shortages of skilled aircraft workers...
Even so, the sounds from Boeing last week were superlative. A $100 million order by United Air Lines for five giant 747 superjets helped bring the com pany a total of $961 million in new commercial business over the past month, boosted its backlog to a staggering $5.6 billion...