Word: y2k
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...mixed message illustrates his dilemma -- if he ignores the millennium bug, he seems out of touch; if he dwells on it too much he opens himself to charges of not having done more sooner, and risks sowing panic. Stung by Republican complaints that he hasn't addressed the Y2K problem, Clinton said he'll ask Congress to approve a "Good Samaritan" law to encourage corporations to share Y2K information and, if Y2K-compliant, to declare that their products are bugproof. "If ordinary citizens believe they are being told the full story, they'll be far less likely...
...tricky part of the White House's Y2K political problem will be telling everyone there's no need to stockpile canned food -- while being alarmist enough to prod business leaders into action. "The consequences of the millennium bug, if not addressed, could simply be a rash of annoyances, like being unable to use a credit card at the supermarket," Clinton said. But the worst-case scenario? He added: "It could affect electric power, phone service, air travel, major governmental service." Not to mention Vice President Gore's presidential ambitions...
...that anyone foresees an actual recession--at least not before the year 2000 (known as Y2K to computer programmers, who are racing to make their electronic brains distinguish that year from 1900). In the majority opinion of TIME's board, which convened recently in Manhattan, the U.S. economy should continue growing over the next year and a half at somewhere between 2% and 3% annually. That is below the sizzling 3.7% of 1997 and the phenomenal 4.8% of this year's first quarter, but near--maybe a bit above--what used to be considered sustainable for the long haul...
...this year that "at its present rate, the FAA will not make it." The Department of Transportation, meanwhile, flunked Horn's report card for its laughably poor efforts to overhaul its 630 most critical systems, which the agency says will be complete, oh, by sometime in 2004. Still, FAA Y2K chief Ray Long insists that air traffic is a top priority, and "there's no doubt in my mind that we're going to meet our [Year 2000] deadlines...
...During Bill Curtis' 27-year career as a military computer programmer, he wrote more than a few lines of code that were century-insensitive. "I made decisions that we could only use two digits for the date," he confesses. Now, as the head of the Department of Defense's Y2K office, Curtis is in charge of fixing his own--and everyone else's--software screwups. It's a job nobody else wanted. Although the Pentagon began Y2K planning in 1995, repairs of the most vital computer systems were only 9% complete this spring. The F-15 and the Navy...