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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (7053)	7/23/1999 9:10:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 9818

I hadn't seen Russ Kelly's website before, but I found it interesting that EVEN HE doesn't seem to believe we're heading for an IT driven societal and economic collapse. Is there anything in his 20 most likely scenarios that provide justification for complete panic?? **************************** russkelly.com Links to lists of "20 most likely problems in the Year/2000" by others on the "Panel of Experts" is at bottom of page. Note: These are the most likely United States problems. Not all locations will experience all of these problems, and not all of the problems will occur at the same time. The peak period for problems will be January through March 2000, with a tapering off of problems and improving conditions throughout the remainder of 2000. By the end of 2000, most facets of society in the U.S. will be back to nearly normal conditions. By early 2001, the U.S. will be engaged in trying to catch up to a huge pent up demand for products and services. Russ Kelly's list of 20 Most Likely Events in 2000 Reduced air travel early in the year Few elective surgeries early in the year Telecommunication problems and satellite failures because of Cycle 23 Solar Max Frequent electric power "brownouts" and at least one prolonged power outage of 2 to 5 days Scattered water supply contamination and interrupted service Scattered waste treatment failures and harmful spillage 911 system failures and reduced capacity/services Traffic control system failures in larger cities Gas price increases & rationing A major transportation calamity (air, shipping, or rail) Major layoffs and business failures in travel and tourism industry Las Vegas, Miami, coastal Carolinas, Colorado esp. hard hit An emergency banking holidays due to unfounded public fears But U.S. banks and money supply is safe Temporary closing of assembly lines and manufacturing plants due to raw material delays Nationalization of key segments of transportation industry Reduced work week and smaller paychecks Major aggravations during first few weeks of 2000. Access denied to offices Elevators that don't work (inter-connectivity with security & fire systems that fail) Non-functioning ATM's Lines for gas and food Computer networks that fail Internet access denied Telephone, fax, and Email interruptions Lost records Y2K rage and shocking rise in aberrant behavior Plummeting sales—shocking in scope during first quarter Reduced exports Eroded consumer confidence Less consumer income Use up "just in case" inventories Strong economic rebound in U.S. in second half of year Reduced imports Pent up demand Lots of lawsuits