"The millennium bug is sneaky. It's lying in ambush in computer code. It's hiding in tiny chips we cannot look into. And it's waiting to claim credit for problems in doesn't directly cause" (Gregori 25).

The Year 2000 Problem is essentially the result of a shortcut and money-saving trick that turned into a shortsighted and very expensi

The second greatest threat of the y2k crisis is bank failure. Some banks may actually close. Some people will want to withdraw money from the bank so they won't lose any of it. Other banks will close simply because of computer failure.

When the electric power will fail, it will affect hundreds of other systems. Like I stated above the embedded chips are everywhere so everything around us may have problems functioning properly. One system fails and it causes another one to fail because that other system is dependent upon the first one. It's like the dominoes - if one will fall so will the rest.

The Year 2000 Problem will affect different countries, industries, companies, agencies, individuals and families in different ways. Its final impact will be determined by two principal factors: One, the scope of the Y2K problem; and two, the rapidity and effectiveness with which the Y2K problem is addressed.

In the early days of computers, data storage was limited and was very expensive. As you may know, the very first computers used punch cards. It took a handful of these cards to store the amount of information that we can store today in a space smaller than a speck of dust. Computer storage cost about 10,000 times- that's a million percent- more than it does today. With the advent of magnetic tape, costs decreased slightly. Regardless, programmers embraced any method that could save storage space or memory.

There are few reasons why the Y2K problem wasn't fixed on time .the first one is the fact that we got started too late. We all didn't pay much attention to the whole Millennium Bug. None of us thought that this might turn out to be the biggest problem we may see. Another problem is that we have too many computer languages. Too few programmers is another major reason why the Y2K won't be fixed on time. As a fourth reason why the bug won't be removed from out hard drive is that much of the computer source code is missing. The computer language that humans read and write is called source code. With less then seven months remaining until the year 2000, our nation is at a critical crossroads in its approach to the looming Y2K crisis. The first road leads to public alarm, or even panic, the consequences of which could be even worse than those caused by the Y2K technological problem itself. The second road is equally dangerous. And there are no brakes on the vehicle in which we are traveling. Each day brings us closer to the edge.

With so much of the money being digital,

Some common words found in the essay are:
Millennium Bug, North Sea, Bug None, millennium bug, , 2000 computer, january 1, embedded chips, january 1 2000, computer crash, money bank, 1 2000, y2k crisis, computer systems, date value,
Approximate Word count = 1678
Approximate Pages = 7 (250 words per page double spaced)