Y2k Essay
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Y2K Everybody is wondering what is going to happen in the year 2000. Nobody really knows exactly what is going to happen. Nevertheless, a lot of business people are making money using scare tactics and hype to make people nervous about the future. With all of the technology in today's society and everyone upgrade his or her computer, there will not be a problem in the new millennium. The issue of Y2K has been going on for several years now. Hundreds of articles have been written about the Y2K issue. "An analyst at an auto manufacturer presented the first article on the Year 2000 and it was published in the 1984 issue of ComputerWorld. Then he got fired for pushing management past the point of irritation on the subject." (Ulrich and Hayes 6). This shows that the people knew that there was going to be a problem, but nobody wanted to mess with the issue at the time. However, Y2K has become one of the most popular issues in all media. If computer geniuses had started working on the problem back when it was first brought up, they probably would not have to rush to make sure the programs are going to work. The year 2000 is approaching fast and some problems may still exist on some computers. Some people may not know what all the uproar is about. The main issue dealing with Y2K is the date on computers which is represented by a two-digit number. incorrect software will assume that the maximum value of a year field is "99" and will roll systems over to "00" which can be mistakenly interpreted as 1900 rather than 2000, resulting in negative date calculations and the creation of many overnight centenarians. (What is the Y2K problem).Back when computers came out, this system of assigning only two digits per year was the logical thing to do, because it took up less room on the computers. Since computers were so big then, the inventors were trying to save space so they would not have to continue to build them so big. As technology has grown, computers have gotten smaller, but no one has ever gone back and changed the date to an eight-digit code. Another area which has people concerned is the stock market. The question is will the stock market crash or keep on going? Glen Buco, a certified financial planner and vice president of West financial Services Inc. in Annandale, Va., says clients have pondered cashing in all of their investments to avoid a possible stock market crash. He does not think that's warranted, particularly given the tax consequences of such a move, but there are less drastic measures that would be prudent. (Newberry).The stock market will drop a little but not crash. Everybody getting his or her own money out will cause a shortage. Foreign markets may be more liable for trouble in the year 2000. "International mutual funds or stocks of many foreign companies are riskier because generally most foreign companies are further behind addressing Y2K problems than are U.S. companies ." (Newberry). When someone's money is involved, he or she tends to get worried. Some people are saying that everybody needs to get enough cash to run on for at least a couple of months, but that is nonsense. Maybe everybody should get a little, but not too much. If everybody goes and gets a thousand...
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