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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (2090)	7/8/1998 3:44:00 PM
From: John Mansfield	Read Replies (1) of 9818

Senate hearing: As for the media, with exception of the Washington Post, USA Today, and the Financial Times of London, the general press here and abroad has failed miserably in addressing the crisis. As recently as November, for example, The Los Angeles Times was calling Y2K basically a hoax -- ironically at the very time that their internal operations people were struggling over allocating resources to meet compliance deadlines. The Wall Street Journal's coverage has been abysmal. I was told last year by a Journal reporter that his editors weren't interested in the Y2K story because it had already been told. That's the equivalent of reporting the attack on Pearl Harbor on Monday morning, December 8, 1941 and then advising readers the next day: "Oh, that story? We told you yesterday there's a war on." ... Brownouts and Blackouts There will be spot shortages worldwide of electrical power. Nuclear generating plants will be shut down to allay public fears of meltdowns. The French economy with its proportionately large 40% reliance on nuclear power will be hard hit. ... y2ktimebomb.com

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