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Cyberapocalypse? |
| Section: CURRENT ISSUES / ANALYSIS |
| Author: Arnaud De Borchgrave |
| Publication: The world & I online |
| Issue Date: 1/1/1999 |
| Size: 2,880 Words, 18,877 Characters |
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Who will get hurt, how badly, and for how long are all questions that are impossible to answer.
Y2K--the acroynm for the year-2000 "bug"--is not a hurricane or tsunami that can be tracked by satellite, nor rising floodwaters, but a series of electronic tornadoes that will sweep the globe in crazy-quilt patterns. As with weather tornadoes, many will be destroyed and many will escape unscathed.
There is no way to predict who will be at risk--but clearly the United States is ahead of the rest of the world in its efforts to fix the problem, followed by Britain, Canada, and Australia. The rest of Europe, Japan, Southeast Asia, and Latin America are 6 to 18 months behind the pack. So, many will not be ready in time.
There are the known unknowns and the unknown un...
. . .
...falters, the millennium bug now looks more like a bomb.
Those who say Y2K is a one-day or weekend-long problem are the same people who kept telling us that the economic fundamentals were fine--until the $1.3 trillion Long-Term Capital Management scandal hit the front pages and gave them a reality check: The fundamentals are not the U.S. economy but an interdependent global economy.
(818 of 18,877 characters)
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