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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (4649)	11/5/1999 7:46:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 5676

Clinton Y2K Adviser Terms Glitch Chronic (11/05/99, 6:51 a.m. ET) By Reuters President Clinton's chief adviser on the Year 2000 technology glitch warned the nation Thursday that Jan. 1 would not mark the end of Y2K-related concerns. At the same time, a working group led by the Treasury Department voiced concerns about the Y2K readiness of key public and private institutions and the infrastructure of many countries including China, India and Russia. The President's Working Group on Financial Markets cited concerns about small- to medium-sized enterprises worldwide, including in the United States, and about ''the financial sector in several small European markets'' that it did not name. ''One risk is the potential for a 'domino' systemic effect brought about by significant disruptions to these groups because of the Y2K rollover,'' said the working group, which consists of the Treasury, Federal Reserve Board of Governors, the Office of the Comptroller of the Currency, the Securities and Exchange Commission and the Commodity Futures Trading Commission. Many of the countries that are least prepared for the Year 2000 are important energy exporters, said the report, prepared at the request of Rep. John Dingell of Michigan, the ranking Democrat on the House Commerce Committee.