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Technology Stocks : Discuss Year 2000 Issues

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To: NickSE who wrote (5640)5/5/1999 8:43:00 PM
From: C.K. Houston  Read Replies (2) of 9818
 
Thomas Barnett, director of the Y2K security project, says his team has been coaching every branch of the military -- indeed even the Marines -- since last fall, planning drills and simulating Y2K breakdowns. Just this week, Barnett plans to take some military and FBI people to the World Trade Center to develop possible responses to a stock market crash.

Later this month, the Federal Emergency Management Agency will also hold a national "table top" simulated scenario drill -- similar to the "war games" played out in the military -- which will pull together all emergency and military resources. FEMA, along with the National Guard, is responsible for coordinating state and local responses to Y2K problems while the State Department will cover international social problems.

But it is a small agency within the FBI, quietly created by Janet Reno recently, that will be the federal authority for any national Y2K repercussions. The agency, The National Domestic Preparedness Office, is now up and running -- and preparing -- despite the fact they don't officially exist; Congress has yet to approve its budget.

desnews.com
Deseret News May 3, 1999

Cheryl
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