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Summary and Comments

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Category: 

Compliance

Date: 

1998-01-22 16:54:10

Subject: 

The Bad Effects of 99.9% Accuracy

Comment: 

Alan Greenspan says the banking system needs better than 99% y2k compliance. He is correect. A posting by HealthSouth, a health care firm:

* * * * * * * * *

IF 99.9% QUALITY IS GOOD ENOUGH, THEN...

There will be five airplane crashes every day.

Two million documents will be lost by the IRS this year.

81,000 faulty rolls of 35mm film will be loaded this year.

22,000 checks will be deducted from the wrong bank accounts in the next 60 minutes.

1212 phone calls will be misplaced every minute.

12 babies will be given to the wrong parents each day.

18,322 pieces of mail will be mishandled in the next hour.


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