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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 04, 2000
Page
2
Americans returned to work as Y2K glitches largely disappeared with only scattered minor problems. Koskinen declared victory while warning a few localized issues would surface. Banking, markets, and agencies mostly operated, though some systems faced brief faults and a leap day concern lingered for February 29.
The United States led global Y2K fixes spending about 100 billion, with government costs around 5.5 billion and IDC estimating 31 to 41 billion in unnecessary repairs. John Koskinen defended the effort as crucial and future dividends were anticipated as many older systems were modernized.
A Kansas City couple moved their money and stocks into a home safe fearing Y2K. Thieves stole the 5-foot safe, found later in a field still locked with its contents. Four local men, including an acquaintance, were arrested for robbery and theft after attempts to break the safe failed. The couple planned to return the money to the bank.
Global markets opened 2000 with few Y2K glitches and several indices hitting new highs. U.S. banks ran smoothly while officials called risk very low, despite isolated computer hiccups in Hong Kong China and minor ATM or breathalyzer issues.
In Gardena California Major Surplus and Survival will not accept returns on Y2K items like flashlights and solar radios. Meanwhile residents of the Rivendell refuge in Floyd County Virginia fear lingering risks from computer glitches as authorities say the danger may be chronic rather than acute. Local evacuees petition caution, while store manager Fred Morris notes customers were warned before purchase that returns are not allowed and that returning items could push some shops toward bankruptcy.
Deb Leff of America's Second Harvest announces Go 2 Waste to repurpose surplus canned goods and cereals. With a Kellogg grant of 50000 dollars, drives run Jan 15 to Feb 15, aided by Minnesota Food Shelf Assn. leaders who oversee 320 shelves and 24 million pounds yearly. Some banks report no jump in donations as shoppers rethink worst case scenarios, while shelves warn space limits after holiday contributions.
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