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

To: Jeff Mizer who wrote (8469)	8/30/1999 10:42:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 9818

Fed orders another 20 billion cash << Separately, the Fed has asked the Treasury to print about $50 billion to meet any increased domestic demand, and $20 billion for international contingencies. Normally the Fed holds about $150 billion in reserve. >> news.com A billion here, a billion there and pretty soon you are talking big money. ***** Hi Jeff, Do you really think the cheeky one cares about discussing Y2K? ... Remember the thread he started himself about the same time he called all of us morons...... Who did Cheeky Kid p*ss off today? Subject 29988 :-)) John

To: Jeff Mizer who wrote (8469)	8/30/1999 12:53:00 PM
From: Lane3	Read Replies (4) \| Respond to of 9818

<<<I dare cheeky and anyone to read this with open mind and say it is not troubling>>> Hi Jeff. I read it all the way through and find myself no more or less troubled than I was before I read it. I think his point about more sophisticated (interdependent) systems in the U.S. being more vulnerable due to the greater likelihood of dominos bumping into each other is intuitively obvious. This is not new information. Remember, though, that Caverly was talking to a Russian audience. In addition to pointing out the added vulnerability of interdependent U.S. systems, I think he was also talking about the disproportional reaction of citizens in the two countries--rather like the Princess and the Pea. I get cranky if my ISP is unavailable the first time I dial in. A typical Russian not only doesn't have an ISP, he doesn't expect a regular phone call to go through the first or even the tenth time, assuming he even has a phone. The Russians are already close to the dark ages, so they would be less affected by systems failures or perceive themselves to be less affected. I don't think Caverly was saying that things would be worse in the U.S., only that we have so much more to lose. Because we are spoiled, we suffer more from relatively minor deprivations. Karen

To: Jeff Mizer who wrote (8469)	8/30/1999 1:24:00 PM
From: Jim	Read Replies (1) \| Respond to of 9818

Hi Jeff, Thanks for posting the link. I read the whole thing through as well, and maybe it is my biased "polly" beliefs, but I did not see anything "troubling". I read and agree with the following answers: Q As far as we know, the first test of readiness will be on the night of September of the system for the Y2K. The 9/9/99 problem. Is the United States ready? Thank you. MR. CAVERLY: With respect to the 999 problem, so far the other dates that we thought would be a problem this year, whether it was the 1st of January or dates in April and June and July, so far we haven't seen any major events. We don't anticipate problems on 999; however, we will be conducting a series of tests, and we will be focused on that date. and MR. BUGAJSKI: We were just asked about the American consumer. What about the Russian consumer? What should the Russian consumer be prepared for in case there are energy and communications disruptions as well with the beginning of the new millennium? MR. CAVERLY: That's a very tough question, because if the consumer starts behaving unusually -- in other words, they start buying a lot of stuff early to stockpile it, the system will break down, as it will in the United States. I think you should look at where you live, I think you should look at what you need to be able to provide for safety and health for a couple of days, and ensure that you have those to support you. But if everybody goes out and starts buying a lot of food, a lot of water, a lot of resources, the distribution system will break down -- any distribution system will break down. And that's one of the fears we have here in the United States, is that the consumer will start hoarding. Perhaps you could indicate which sections you found troublesome so I can understand your concerns. Jim