[109228] in Cypherpunks
Y2K PROGNOSTICATORS CHEERING UP
daemon@ATHENA.MIT.EDU (Robert Hettinga)
Sun Mar 14 16:47:53 1999
In-Reply-To:
<LYR38310-16458-1999.03.14-10.52.19--rah#shipwright.com@franklin.oit.unc.e
du>
Date: Sun, 14 Mar 1999 15:19:30 -0500
To: cypherpunks@cyberpass.net
From: Robert Hettinga <rah@shipwright.com>
Reply-To: Robert Hettinga <rah@shipwright.com>
At 10:52 AM -0500 on 3/14/99, Edupage Editors wrote:
> Y2K PROGNOSTICATORS CHEERING UP
> A growing number of Y2K experts are beginning to cheer up a bit about the
> prospects for millennium doom, and now predict things won't be so bad after
> all come Jan. 1, 2000. Edward Yardeni, chief economist for Deutsche Bank
> Securities, has revised his estimate for the chance of a long global
> recession triggered by the glitch, from a 70% chance to 45%. "I've toned
> down the message partly because progress has been made. I would be happy to
> back off entirely." And some of the problems previously cited as
> particularly vexing -- for instance, embedded microprocessors in power
> plants and hospitals that would be difficult to repair -- seem to have been
> overstated. Giga Information Group recently released a report titled "It
> May Rain, but the Sky Won't Fall," that said the problems with embedded
> microprocessors "will not have the crippling effect originally thought."
> "There won't be a systemic shutdown," says a senior advisor for Giga who
> estimates only about 3% of the chips have been found to have minor problems.
> "You will have some localized inconveniences with some localized failures."
> (Los Angeles Times 12 Mar 99)
-----------------
Robert A. Hettinga <mailto: rah@philodox.com>
Philodox Financial Technology Evangelism <http://www.philodox.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
