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Technology Stocks : Discuss Year 2000 Issues

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To: Ken Salaets who wrote (3705)2/6/1999 3:15:00 AM
From: John Mansfield  Read Replies (1) of 9818
 
'This is slightly old but I wanted to make sure I have this piece known to readers of my web site. I remember reading it
earlier but I don't think I made a pointer to it at the time. What is significant about this piece are the quotes by the President's Y2K Czar and Senator Bennett. Koskinen's quote
provides "philosophical agreement" backing to the assertion in the World Net Daily's piece that in the event of a neighboring region/state loosing electricity that the government would enforce rationing of electricity to the successful area to
share with the downed area. Actually, I think this philosophy
is totally and morally justifiable and I basically support it but what bothers me is that they're going about it in a back- handed way. I think it is best to be forthright about it so
that businesses and individuals realize that they're not really "home scott free" unless all critical infrastructure elements in a multi-state neighboring region have their act together other- wise rationing will take place. It will be less hard on home
owners than businesses, if there is the situation of four hours on, four hours off, etc., for one's home won't freeze in four hours. (I'm just making up these four hour intervals, I have no
idea how the rationing would be time-intervaled but I bet it's so that homes don't freeze in the interim.)

--Roleigh


wired.com
wired.com

Wired News

Bankers: Prepared for a Panic?
by Declan McCullagh

4:50 p.m. 3.Dec.98.PST

[snip]

Koskinen said the government would be moving from contingency planning to a crisis-management phase.

Responding to a question about electrical-power failures, Koskinen said, "In a crisis and emergency situation, the free
market may not be the best way to distribute resources.... If
there's a point in time where we have to take resources and make
a judgement on an emergency basis, we will be prepared to do
that."

Other trends could make the outlook more dismal. Companies like General Motors -- whose chief information officer has called Y2K
"catastrophic" -- are likely to stockpile supplies and "set us up
for a classic inventory recession," Bennett predicted.

The "urge to stockpile just to be safe is going to hit everyone, " he said, citing the fact that people keep asking him what his
own Y2K plans are. "If I dig up my backyard and put in a propane
tank, that won't look very good. I have a nephew who is doing
that, by the way."

[snip]
--------------------------------------------------------------------------
Roleigh Martin ourworld.compuserve.com
( easy to remember alias is: webalias.com )
(A Web Site that focuses on Y2k threat to Utilities, Banks & more)
To subscribe to free e-letter, fill in the form at the bottom of the page: ourworld.compuserve.com
To unsubscribe, send "unsubscribe" message to
roleigh_for_web-unsubscribe@egroups.com
Print out this Y2K brochure to give to your neighbors, friends & relatives:
ourworld.compuserve.com





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