CURRENT BREAKING Y2K NEWS STORY!!!!!!!!?

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I was listening to Public radio at noon (EST) today and a Y2K piece came on and then the station went off the air. I was wondering, then a (BIG Y2K DOUBTER) friend from down the hall knocked on the door and said he was listening to CNN via Internet and he heard that there was a Y2K related accident or heavy story on the air and he too was cut off! Has anyone had this same experience today? Has anyone heard and breaking y2k related news stories in the past few hours?

-- dw (y2k@outhere.com), July 23, 1999

Answers

Well on CNN this popped up.

For Educational use

CNN - Foreign banks lagging on Y2K - July 22, 1999

(IDG) -- While most U.S. brokerages appear to have most of their year 2000 work completed, only 22% of foreign investment banks, clearinghouses and stock exchanges have fixed, tested and implemented their systems, according to a recent study.

The study, conducted by the Securities Industry Association and the International Operations Association, was cited in the latest report on the year 2000 readiness of the securities industry and public companies by the U.S. Securities and Exchange Commission (SEC).Only 78 out of 650 foreign brokerages and stock exchanges targeted for the survey actually participated in the study. Still, the "majority" of those firms polled had completed less than half of their year 2000 projects. The survey was conducted between February and May this year.

The SEC, meanwhile, still seems to have a lot of year 2000 work of its own to complete. Of the agency's 52 mission-critical systems, only 18 were deemed year 2000-compliant as of June 1. Of the 34 systems in question, 15 were pending replacement, seven were awaiting fixes and another dozen were scheduled to be retired.Among those not yet Y2K ready: the EDGAR database, which contains financial information filed by public companies in 10-Q, 10-K and other earnings reports. The latest EDGAR system, which went live in May, is scheduled to be tested by July 31.

-- Brian (imager@home.com), July 23, 1999.


This is the only Y2K-related item on AP's list:

Wednesday July 21, 1999 05:55 AM

President Signs Lawsuit-Limiting Y2K Bill

WASHINGTON (AP) -- President Clinton has signed into law legislation limiting lawsuits related to the Y2K computer problem.

In a statement accompanying the signing Tuesday, Clinton expressed reservations about the act and noted that his administration fought for several changes.

The bill passed overwhelmingly in the House and Senate as one of U.S. business leaders' top legislative priorities this year. Under the law, a business will have 90 days after its officers learn of a computer-related Year 2000 problem to repair the problem before lawsuits can be filed.

The law is aimed at limiting frivolous lawsuits by setting a ceiling on punitive damages that small businesses face; narrowing the extent of an aggrieved class in a class-action lawsuit; and ensuring that most defendants will be held liable only for the share of any damages that they cause.

The Y2K problem refers to the possibility that some older computers, designed to read years as two digits, might fail when New Year's Eve changes to Jan. 1 because they might mistake the year 00 as 1900 rather than 2000.

-- Old Git (anon@spamproblems.com), July 23, 1999.


? Raytheon announced the STARS FAA replacement computers are fully Y2K compliant.

Greenspan ..."Jolts Wall street.....Banks will have events"

Cohen announced Pentagon nearly all Y2K compliant

? not sure it could be one of these or something else.

-- Living in (the@real.world), July 23, 1999.


ESPN is reporting Atlanta over Philadelphia 4-0 in the 2nd inning.

What? Oh, sorry.

-- CD (not@here.com), July 23, 1999.


While you were watching ESPN did you see their Y2K-theme commercial? I did need a laugh and got one from that one. Much better than the KIA commercials

WW

-- Wildweasel (vtmldm@epix.net), July 23, 1999.



No Widweasel. Can you describe it?

-- CD (not@here.com), July 23, 1999.

This sounds like Roswell all over again. Something crashed there, the government covered it up and it was not a weather balloon. Spin, lies and disinformation. If a serious Y2k problem develops, it will be spun as a power outage, accident, equipment malfunction etc. etc. etc. You can count on it. Would you expect less from this Administration? Algore where are you? Your leader causes the bombing of Kosovo, which causes tremendous polution to the Danube River which flows through several other innocent countries and he blames it on Milosevech. It was all in vain. The peace was caused by the efforts of Russia. The bombing was ineffective regarding the military targets. This is like blaming the child for getting hit by the bully.

-- Ray (Ray@bb.gom), July 23, 1999.

Moderation questions? read the FAQ