The unexpected Y2K bug bites continue. Besides stopping trains in Norway and cash registers in Texas, it has caused 3,000 potential jurors in Multnomah county, Oregon to be sent summons requiring them to show up for jury duty in 1901. In this case it was court workers who caused the problem by typing 2 digits into their computers instead of 4. If they had exercised their fingers a little more, the computers would have read the dates correctly.
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Last year at this time, we were all waiting nervously to see if Y2K computer problems were going to cause our bank balances to disappear, our computers to self-destruct, and air planes to fall from the sky. We were afraid we might be without electricity and telephones for an extended period of time. When 2000 arrived with no disasters, we began to think all our fears were for nothing.
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(Goin? From One Piece of Holy Ground to the Next)

Y2K chaos?not. The Second Coming–not. Armageddon–not. A million tons of low-grade gunpowder all lit up and a whole lot of beer down the gullet of the world?you got it!

I don?t know about you, but I feel as if we just got to the summit of a mountain that we?ve been struggling toward for all of our history, and found that the view of the other side reveals?more mountains.

This was a very profound transition for me, because it marks a fundamental change in the way I am going to be approaching life, one I have been thinking about and preparing for since 1985.
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The first indication of how financial professionals expect Y2K (The Year 2000 Problem) to affect the economy has appeared in the form of a financial futures trade that reveals their private thinking on this matter. This trade, which consists of a combination of long (purchase) and short (sale for later repurchase at a lower price) positions in financial futures instruments, shows that they expect a spike in interest rates to occur late in 1999. By March of 2000, they expect interest rates to return to normal.
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