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To: John Hunt who wrote (40152)	9/9/1999 2:21:00 PM
From: Dundee Maples	Respond to of 116798

Thought this was interesting. Posted at 9:08 a.m. PDT Wednesday, September 8, 1999 100,000 Japanese techs to stand vigil for Y2K hiccups TOKYO (AP) -- About 100,000 technicians from top Japanese electronic companies will camp out in their offices on New Year's Eve to guard against any computer failures at the turn of the millennium, an industry official said Wednesday. NEC Corp. and Mitsubishi Electric Corp. will both have 15,000 computer specialists on hand 24 hours a day from Dec. 31 to Jan. 4 in case problems occur when the year changes to 2000, said Haruhisa Suzuki, spokesman for the Japan Electronic Industry Development Association. He said Hitachi Ltd., Fujitsu Ltd., Toshiba Corp., and IBM Japan will also have 10,000 technical specialists each on standby to watch out for the so-called Y2K bug. Suzuki said the leading companies will be on alert ``not because they expect problems, but because they need to be there in the unlikely event there is a problem.' He said larger companies have invested considerable time and effort to ensure a smooth transition from 1999 to 2000, but noted smaller companies which have been through financial difficulties in recent years may not have done as much. Even so, he said he did not expect a significant impact on people's daily lives.

To: John Hunt who wrote (40152)	9/9/1999 3:39:00 PM
From: Alex	Read Replies (1) \| Respond to of 116798

Fed's Gramlich: Foreign Investment Fall May Spur Slight Dlr Drop <Picture> Sep. 9-MAR-- [B] Fed's Gramlich: Foreign investment fall may spur slight dlr drop --Gramlich: Foreign investment dip may lift US interest rates --Gramlich says he hopes any changes in rates, dlr will be moderate --Gramlich notes US has "good" inflation performance --Gramlich: Hard to find dramatic signs of higher US inflation --Gramlich notes US has "good performance" on inflation By Mark Calvey and Edward Kean, Bridge News Boise, Idaho--Sep 9--Federal Reserve Gov. Edward Gramlich cautioned today that if foreign investment flows into the US weaken as foreign economies recover, that "presumably" could lead to a "slight" drop in the US dollar and a "slight" rise in US interest rates. * * * Answering questions after a speech to a community group here, Gramlich said he hoped any changes in interest rates and the dollar from a decline in foreign investment will be "moderate, not abrupt." If changes in interest rates and the dollar are abrupt, "that's what causes financial difficulties and that can be a problem," Gramlich said. More The Bridge ID for this story is ZJXHKD (c) Copyright 1999 FWN futuresource.com