Word: y2k
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...millennium came early to Warren, Mich.--in 1995, to be exact. When customers at the Produce Palace, a gourmet grocery store, started using credit cards with expiration dates ending in "00," the computer system went to Y2K hell. Technicians spent hours trying to fix the 11 cash registers, while disgusted shoppers walked out. The owners wanted the system replaced, but even after at least 200 service calls, the firm that sold it balked. The Produce Palace ended up filing what may be the nation's first Y2K lawsuit, which it eventually settled...
From that small beginning, Y2K litigation is swelling to a flood. It was inevitable that Y2K glitches--caused by the inability of some computer hardware and software to read years after 1999--would keep lawyers busy well into the next century. What's surprising is just how fast the suits are coming: at least 78 so far, as many as 800 legal disputes proceeding to formal negotiations, and a few large settlements, including one for $7.5 million. If lawyers are this active now, how bad will it get when the year 2000 actually arrives? Lloyds of London insurance has predicted...
...high-tech companies have started to fight back. Industry lobbyists have been working with Utah Senator Orrin Hatch, chairman of the Judiciary Committee, and other lawmakers to make it much harder to win lawsuits for injuries caused by Y2K glitches. Bills currently working their way through Congress would raise the burden of proof above the standard that plaintiffs must meet in other lawsuits--that their version of events is more likely true than not. And they would impose caps on punitive damages and attorneys' fees...
...having a hard time convincing ourselves. On Wednesday, the former senator from Indiana officially declared his candidacy for the next presidential race. He spoke at his former high school where nearly 6,000 people chanted, "Q2k! Q2K!" for Quayle 2000. Has it occurred to anyone on his campaign that Y2K is a huge problem...
...Amount of "critical" systems that are currently declared to be Y2K-bug free...