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ELECTRIC POWER
Many electric utilities realized only last year that their generating plants were susceptible to Y2K problems. Scattered power outages are likely, and some nuclear power plants may be shut down temporarily
GOVERNMENT
Major problems exist at the Internal Revenue Service and many other agencies. Most state and local governments are way behind fixing date-sensitive programs needed for tax collection, payrolls, and welfare payments
BANKING AND FINANCIAL SERVICES
Most large banks, the Federal Reserve, and the exchanges should be well prepared. But foreign banks and small U.S. banks are lagging. The result: Disruptions in the financial system
MANUFACTURING
Most large companies are on top of the problem, but they are vulnerable to problems at smaller suppliers. Industries such as pharmaceuticals and petroleum refining depend on timing-sensitive computer programs
TOTAL LOSS OF OUTPUT
1998-2001
$119 BILLION (IN 1998 DOLLARS)
Updated Aug. 8, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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