Law of the Millennium

By David M. Nadler and Kendrick C. Fong

Businesses and government entities will spend billions of dollars in the next few years defending themselves against the "Year 2000 Problem," or "Millennium Bug," the name given to the problem some computer systems have switching from the year 1999 to 2000. This date-switching problem can cause massive computer errors for businesses and the government alike, resulting in loss of business and corrupted data.

Unless the Millennium Bug is corrected before January 1, 2000, many companies will be unable to print or deposit checks, calculate interest and payment periods, sell or buy stock, apply employee benefits, place or take orders, etc. that is, process any action that ultimately relies on a computer-coded date.