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Summary and Comments

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Category: 

Domino_Effect

Date: 

1997-09-23 12:10:02

Subject: 

London, 2000: A Grim Scenario

  Link:

http://www.computerweekly.co.uk/news/18_9_97/08598503239/A.html

Comment: 

Matryn Emery's organization is studying the effects of y2k on New York City and London -- the West's financial centers. His is what I would call a mild scenario. When you read it, think of what happens in every major city on earth. It will not just be London.

Note these two: "Banks: closed 1 December 1999-24 January 2000; Stock market: closed 20 December 1999-24 January 2000." If these institutions shut down for this long, what confidence will people have in banking on January 25? Some well-funded businesses can shut down for two months -- not many, but a few. But fractional reserve banks? Stocks? The recovery will take years -- maybe decades.

What effect will such events have on people's emotions? On their faith in government?

* * * * * * *

Power supply: 75% available December 1999 and 50% January 2000

Hospitals: four weeks of emergency-only cover

Telecoms: 75% available 1-20 January 2000

Transport: 30 days disruption

Banks: closed 1 December 1999-24 January 2000

Stock market: closed 20 December 1999-24 January 2000

Education: schools closed for four weeks

Post [Office]: 10 days disruption

Link: 

http://www.computerweekly.co.uk/news/18_9_97/08598503239/A.html

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