Marketplace, one of the most popular news programs on public radio, has done several stories on the Y2K problem over the last three years.
To listen to the radio segments, you will need a RealAudio player -- a free download from RealNetworks.
October 20th, 1999
March 22nd, 1996
December 27th, 1996
The End Of The World
December 30th, 1996
April 16th, 1997
January 8th, 1998
Sam And The Year 2000
June 30th, 1998
August 20th, 1998
October 14th, 1998
December 10th, 1998
January 5th, 1999
February 9th, 1999
Transcripts of newscasts
Newscast – September 10th, 1999
So far, only a third of the major airlines around the world have ensured that their computer systems will keep working when clocks tick over into the year 2000. Also, many countries have not been forthcoming about their so-called Y2K readiness and now the U.S. Department of Transportation is threatening to halt flights to and from places that can't promise that their radar systems, runway lights or other basic aviation safety measures will function on January 1st. Marketplace's Cynthia Ingle reports.
Ingle: "Your New Years travel plans to some countries in Asia and the Pacific rim, South America and the former Soviet Union may be grounded. Nearly 40 nations haven't responded to requests from the International Civil Aviation Organization for information on Y2k readiness.
So, U.S. Transportation Department officials say they'll decide by October 15 whether to stop flights to those destinations. Aviation expert Daryll Jenkins is a professor at The George Washington University."
Jenkins: "We're not sure that in all of these countries that the power grid will work. And if the power grid is out you don't have communications and so you can't be assured of a safe landing. The second thing is the state of the air traffic control equipment."
Ingle: "The State Department plans to release a nation-by-nation report next week on the risks of computer system failure as the date changes to the year 2000. In Washington, I'm Cynthia Ingle for Marketplace."
It doesn't sound like the powerful chairman of the Federal Reserve is going to spend New Years hunkered down with freeze-dried stroganoff and a wind-up radio. Alan Greenspan today told the President's Council on Year-2000 Conversion...
Greenspan: "The probability of a cascading of computer failures in mission-critical systems is now negligible."
The Fed Chairman praised the adaptability and ingenuity of the American worker for getting systems in order and said he's increasingly confident the financial world is prepared for the date change – that is, making sure computers don't foul up by confusing the year 2000 with the year 1900. Banking and ATM systems are as prepared as they can be the Fed Chairman said. But he warned that the systems have never been perfect and it would be unrealistic to expect perfection now. What Alan Greenspan is keeping a close eye on is possible supply bottlenecks that could occur if many companies decided to stockpile extra inventory ahead of the New Years. As for your money and Y2K:
Greenspan: "The safest thing for consumers to do with their money around year-end is to leave it where it is. Consumers should prepare for the century date change as they would for any long weekend or any expected hurricane."
Those who take out too much cash run the risk of theft or fraud, Greenspan said.