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

To: Bill Fischofer who wrote (2352)	8/5/1998 11:21:00 AM
From: John Mansfield	Read Replies (1) \| Respond to of 9818

'The remarks of Sen. Robert Bennett (R-Utah), who heads the Special Committee on the Year 2000 Technology Problem, also have raised alarms. Though the senator insists he is playing Paul Revere, not Chicken Little, on the subject, he said in a recent speech, ''When people say to me, 'Is the world going to come to an end?' I say, 'I don't know.' '' Though he does not expect widespread failures of electricity, water, telephone, transportation or financial systems, he does not predict a rosy transition either. In a recent speech to the National Press Club, Bennett predicted regional blackouts, water system failures in some communities and rationing of flights to deal with air traffic control failures. Some banks will declare bankruptcy, some medical devices will fail, and businesses will find it difficult to get supplies from foreign countries that are not Y2K compliant, he predicted. He said he is worried about the prospect of riots, some ground-level weapons problems and payment for government programs such as Medicaid, Medicare and welfare. When asked if the cyber-survivalists should be considered wacky, Mary Jane Collipriest, Bennett's communications director, said no. ... chicagotribune.com