FYI:
This is the link to the Washington Post article from today. They got the leaked Senate report.
>>The report, scheduled for release this week......includes a letter to Senate colleagues describing the problem.....as a "worldwide crisis" and as "one of the most serious and potentially devastating events this nation has ever encountered."<<
>>In addition to health care, the report portrays the oil, education, farming, food processing and construction sectors as seriously lagging on computer repairs. <<
>>More than 90 percent of doctors' offices and 50 percent of small- and medium-sized companies have not addressed the Y2K problem....<<
>>The Senate panel also worries that communities will not be able to provide "911" and other emergency services.<<
>>....the 161-page draft also underscores how little experts know about the potential impact of the so-called millennium bug.<<
>>International ports are widely described as far behind in their Y2K efforts,prompting worries that the maritime industry will face shipping problems that could interrupt commerce, the report added.<<
>>.........Lack of confidence in a country's infrastructure could cause multinational companies to close their operations.<<
>>In assessing U.S. preparedness, the draft report reserved some of its strongest language for the health care industry, concluding it "is one of the worst-prepared for Y2K and carries a significant potential for harm."<<
Points out the contrast with Greenspan's recent statements and singles out Japan, Venezuela, and Saudi Arabia. As it's the WP, I'd say we've just cranked up a level.
washingtonpost.com
Cheers, Bond |