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


To: Investor-ex! who wrote (3123)1/1/1999 9:57:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 9818
 
Invest-ex,

What is really an interesting variable to throw into the equation is exactly how much municipalities and local governments will keep on hand (as well as private corporations) in order to ensure there is sufficient payroll available.

The Washington Post (in another of their "don't worry, we've got it covered" articles), reported that Montgomery County, MD (just NW of the DC beltway) is making arrangements with a local bank to have $14 million, or one week's payroll, available in cash.

But what they missed in the analysis is how, on top of individual hoarding of cash, cities and towns will be doing the same thing on a larger scale. Won't this will place even greater stresses on hard currency supplies??

And if we have this problem in the US, what about Europe??

Hmmmm....

Regards,

Ron



To: Investor-ex! who wrote (3123)1/1/1999 10:04:00 PM
From: William Peavey  Respond to of 9818
 
All,

While browsing through some dust covered archival material in the
recesses of the Roman Section of the British Museum a researcher recently came across a tattered bit of parchment. After some effort he translated it and found that it was a letter from a man called Plutonius with the title of "Magister Fastorium", or keeper of the calendar, to one Cassius. It was dated, strangely enough, 2 BC, November 24 or 2000 years ago. The text of the message follows:

"Dear Cassius,

"Are you still working on the Y zero K problem? This change from BC to AD is giving us a lot of headaches and we haven't much time left. I don't know how people will cope with working the wrong way around. Having been working happily downwards forever, now we have to start thinking upwards. You would think that someone would have thought of it earlier and not left it to us to sort it all out at this last minute. I spoke to Caesar the other evening.

"He was livid that Julius hadn't done something about it when he was
sorting out the calendar. He said he could see why Brutus turned nasty. We called in the consulting astrologers, but they simply said that continuing downwards using minus BC won't work. As usual, the consultants charged a fortune for doing nothing useful. As for myself, I just can't see the sand in an hour glass flowing upwards. We have heard that there are three wise men in the East who have been working on the problem, but unfortunately they won't arrive until it's all over. Some say the world will cease to exist at the moment of transition. Anyway we are still continuing to work on this blasted Y zero K problem and I will send you a parchment if anything further
develops.

"Vale.

A bit corny, and the logic does not hold up, but this is the only humor I have found in a topic I take very seriously.

Bill