Word: y2k
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...still got to sell once in a while. After watching the Dow and NASDAQ spend the past three weeks wafting in record territory, and hearing this week?s good-news, bad-news earnings reports - such as Microsoft?s, which combined Street-beating earnings with oblique forecasts of Y2K headaches - investors evidently figured Tuesday was as good a time as any. "This was profit-taking, pure and simple," says TIME Wall Street columnist Dan Kadlec of the three bears (the Dow shed 191, the Nasdaq 98 and the S&P 30). "Mixed earnings messages like Microsoft?s set the techs going...
...Forget Y2K - the big e-commerce countdown is the 160-odd shopping days until the shipping deadline for Christmas deliveries. Amazon is getting ready. Today the company added two new "stores" for toys and electronics...
...average human being cannot relate to, and that's the reason for a lot of the public apathy about this issue. We say to ourselves, "It's so far off in the future." But remember, failure to take care of a problem in the early stages led to the Y2K situation. PAUL R. HERSHBERG Tallahassee...
...last, Washington has decided how it wants to contain the possible flood of litigation that potential Y2K disruptions might unleash. Late Thursday, a bill acceptable to the White House finally cleared the Senate by a vote of 81 to 18 after having passed the House earlier in the day 404 to 24. Caught between its big supporters in Silicon Valley (who together with the broader business community aggressively pushed for the legislation) and its friends among trial lawyers and consumer groups (who just as aggressively opposed it), the Clinton administration accepted the latest compromise bill after some last-minute wavering...
...wrangle over the legislation was as much over policy as over politics. On the policy front, says TIME White House correspondent Jay Branegan, "Republicans tried to use the Y2K legislation to take a big whack at tort reform, but the White House succeeded in keeping the measure limited to Y2K issues." Vice President Al Gore, whose hands were all over the bill because of its possible implications for his presidential candidacy, also worked hard to include incentives that would encourage companies to fix Y2K problems. On the political front, "Republicans maneuvered the legislation so as to force Gore to choose...