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


To: flatsville who wrote (7915)8/9/1999 6:51:00 PM
From: Cheeky Kid  Respond to of 9818
 
I take it you don't like his articles?

Have read them all?



To: flatsville who wrote (7915)8/9/1999 7:09:00 PM
From: C.K. Houston  Respond to of 9818
 
IRS expects problems if tax-cut plan passes
08/03/99 - Distributed by Los Angeles Times-Washington Post News Service

WASHINGTON - The Internal Revenue Service has warned Congress that details in the proposed $792 billion tax cut would delay processing at least 25 million tax returns, make it more difficult for the agency to address the Y2K computer problem and add millions to the cost of the annual tax collection.

The House and the Senate have approved different tax plans for the next decade, and conferees began meeting Monday night to find a compromise. The negotiators also tried to address provisions that IRS Commissioner Charles Rossotti has warned will make tax rules and forms more complicated.

Congressional Republicans are eager to seize the tax-cut issue as they prepare for next year's elections, and committee staffers dismissed the problems Mr. Rossotti raised ...

The agency's effort to fix its antiquated computers to read more than two digits and distinguish between 1900 and 2000 may also be slowed.

IRS officials hoped to install new software for next year's tax season by Aug. 1, and have all systems locked in place by Oct. 1 "in order to allow for final end-to-end testing of IRS systems."
dallasnews.com

From my banking archives .....
==================================================

"Trying to understand how our monetary system will behave led us to Andrew Gause, a monetary historian, and author of the book, The Secret World of Money."

INTERVIEW:
We began the interview by asking Andrew to comment on a report concerning the IRS handling of the Y2K problem. He responded by saying that he felt tax reform was a dead issue as a result of Y2K and quoted Secretary of the Treasury Rubin's request to Congress to hold all tax code modification until after the Y2K problem had been solved.

Andrew then went into a fascinating history of U.S. monetary policy ...

I asked Andrew what would happen if more than 10% of us lost confidence in the "system" and tried to convert our assets to "cash".

He responded that my question didn't go far enough to express the nature of the problem. He observed that of the 10% of our wealth that existed as "paper money" only 8% of that was under the control of the Federal Reserve System. The other 92% were in safety deposit boxes and under mattresses outside the control of the monetary system.

He explained that the implication of this is that if there were a run on our monetary system very little liquidity existed and money rationing would have to be instituted.

He explained that this situation had occurred in Ohio in 1984 and the solution was to allow folks to withdraw a maximum of $150 a day from their accounts ...
y2ktimebomb.com

Cheryl
144 Days until 2000



To: flatsville who wrote (7915)8/9/1999 8:00:00 PM
From: bearcub  Read Replies (3) | Respond to of 9818
 
regarding building a FIRE in one's house w/out a fireplace: here's an interesting piece from an experienced COLD CANADIAN to consider out of my dusty archives:

If there is no power-energy as these links [will furnish if requested, but don't guarantee they still work] suggest then society is
down the tubes. In the middle of winter. From what I have seen in here, there is little
talk on surviving such an event although well meaning people have said to head to the
hills, then what? Doubtfully few that post or lurk have had the experience to survive this.

My name is BH and I have lived in isolation in the Northwest Territories in the Canadian
Arctic. This was 1000 miles from
a Big Mac, folks. So to contribute my share I am going to type out info that could give
you ideas on your preparations. It has been 14 years since I have been in that life style
so this is a deja vu in thinking about the effects of Y2k. Bear with me as the info may
jump from topic to topic. A web site on survival in harsh conditions should be forth
coming.

As we are well aware full effects of Y2k is during the winter. For much of us that could
mean bitter cold weather to deal with. Riots are going to be foolish to worry about.
Freezing to death is the first thing to avoid. Snowsuits and "moose boots" are first on
my list. Check out army surplus as their gear is cheaper and I know their boots are the
best. These boots look like rubber boots with nylon tops, usually white with felt liners.
Get several liners as then you can dry them out as needed your sweat is your worst
enemy. Keep heads, hands and feet warm. Buy lots of clothes by the way as
manufactured items are not likely to be around.

Plan on living in a smaller open area and sleep with others if possible. An airtight stove
is invaluable as is a chainsaw. I would recommend having two stoves. One for flash
heat and another for steady heat. This is not normal in the arctic but a consideration.
The tin wood stoves that sell for less than a $100 are a good choice. They are
light weight for traveling also if you must. Convert your house to a survival area and put
the wood stove at a lower point than your living area. A basement with a stove pipe
coming up through the floor is a good idea. If there is no chimney prepare to take out a
door or a window and have a insert for your stove pipe. Have a good supply of well
seasoned wood, maul, axe and a good bowsaw with several blades.

In the event of total collapse and freezing temps most would not
recognize water as the greatest problem. Snow is not a good idea to melt anywhere as
pollution could cause health problems. The last thing you need.

The best idea is a distiller on the wood stove for drinking water. My experience is
having a 45 gal. drum that was filled by a water truck. This is not likely but a good idea
in a small community. This problem should be the highest priority after getting warm.

In the bush we used propane. Portable, flexible, easy and convenient, having a 500#
tank or 20# tank, one can cook, heat, light, generate et cetera. For a few months, this is
a good all round solution and can be used with natural gas apps. I would imagine, (does
anyone know?). A 100# tank could go a long way if only for cooking. One would, of
course, use their wood stove for cooking when ever possible.

Food would be long term storage of course. If you wish to eat rice like Cory at least
buy lots of Soy sauce :o). Dehydrated foods is the best bet. You can cut and dry food
during the next 18 mo. and have loads of portable/healthy/stable munchies. I think this is
a growth industry. Up north the natives even dry meat which strangely enough they call
Drymeat. This is a staple up there and is liberally covered with lots of lard. On this note,
read Lost in the Barrens by Farley Mowat. Preparing for the winter is a challenge.

Fishing is a good source of food. If you are truly adventurous ice fishing with nets or
lines is a good bet. One could even consider snares for small animals. Their fur could be
used on collars of clothes.

Here is a few ideas of many BH plans on posting. On a personal note, your sanity is
critical!! Diversions such as games and hobbies are rewarding when the novelty of
chopping wood wears thin. I plan on having plenty of good cassettes of music and a car
battery or three to keep the car stereo happening. And books. In the likelihood of Y2k
disruptions we must keep knowledge growing. Get books on any topic that interests
you and then some. Music instruments for entertainment.

Till the next installment may I leave you with this thought, do not
consider other humans your greatest challenge if there is disruptions: it is
yourselves.
Your inner nature and contending with the outer Nature is the
greatest hurdle. Western culture has insulated us from nature, inner and outer. It is my
belief this is the great "denial" humanity has. Once you have done the life and death
game with nature you understand reverence for her. At least once during the summer go
camping in a tent. Cook over a fire. Make bannock :o)

Before enlightenment chop wood and haul water
After enlightenment chop wood and haul water

ampsc.com

ampsc.com

ampsc.com



To: flatsville who wrote (7915)8/12/1999 3:43:00 PM
From: bearcub  Read Replies (2) | Respond to of 9818
 
Message 10924850

engaging in ageism, name calling, now, too? that is the value of mimicing role models and vacation hostesses, flats? a great example for your little boy when you need his strong back and loving heart post y2k to take care of dear ole ma?

said ageist, negative bias, is just exactly what we will see more of to anyone over 50 when the everyone for themselves days hit 01/01/00 if not sooner. of course, the mistake will be on the foolish younguns who try to take anything away from the grey panther set during that time.

just think, we over 50 will get to teach the "Please" and "Thank you" routine all over again, post y2k,
except to people who are supposed to be adults and raised once already.

would be very interesting to see how many are over the age of 50 on this thread and in peril of such blatant ageism in the mere 140 days ahead.

i'll start. i'm 73
Janelle is 68.
who is next in peril?

si bob now has documentation of your denigration and personal attack. have a nice day