Word: backlogs
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Modernizing Napoleon. A side of Charles de Gaulle seldom glimpsed from abroad is his concern for the human condition of France. The government must tackle a vast backlog of "renovation," in a favorite Gaullist phrase, before the nation can hope for new housing, adequate schools, modern highways. Half the houses in France do not have running water. For France's 6,200,000 cars there are only 125 miles of divided parkway, one main north-south artery and, seemingly, not a single vacant parking space in Paris. Urgently needed school modernization programs are bogged down in age-old religious...
...more basic factor, some Detroiters insist, is that the consumer now has an uncommonly big backlog of spare cash; in 1960, savings accounts in the U.S., which had long been growing at a steady $10 billion-a-year clip, suddenly increased by $20 billion. This created a pent-up buying potential, which needed only to be triggered...
...Gross's position. President Kennedy made no secret of his view that if a strike occurred, the blame would rest with the company. When the union inevitably did call a strike, the Pentagon at first hinted that it would remove some contracts from Lockheed's $1.5 billion backlog of defense orders, then threateningly said it would issue no new ones except with specific approval of the service secretaries...
Currently, Fokker has a bulging backlog, including orders to build under license from Lockheed 350 F-104 Starfighters for the Dutch and West German air forces. The company is also developing a vertical-takeoff supersonic bomber, in conjunction with Republic Aviation, which two years ago acquired one-third of Fokker's stock. But Fokker's chief hope for the future lies in building a jet successor to the F27. Already in wind-tunnel tests are models of the short-haul twin-jet F-28, which would cruise at 500 m.p.h. and carry 44 to 60 passengers. To appeal...
...among shipbuilding nations (behind Japan, 1,799,342 tons; Britain, 1,191,758; West Germany, 962,407). While other European shipbuilders dolefully expect things to get worse, the Swedes look confidently for a new record of more than 800,000 tons in 1962-and they boast a three-year backlog...