Will the Millennium Bug Cause Widespread Chaos?

The transcript discusses the potential impacts of the Millennium Bug, a computer issue where systems recognize the year 2000 as 1900 due to two-digit date storage. This could lead to widespread technological failures affecting daily life, businesses, and global systems. Despite warnings, many companies are unprepared, risking financial crises and operational disruptions. The transcript emphasizes the need for compliance and highlights the global scale of the problem, urging immediate action to prevent severe consequences.

What is the primary issue with computers that leads to the Millennium Bug?

• They cannot process dates beyond 1999.

• They have outdated hardware components.

• They use two digits for the year instead of four.

• They are not connected to the internet.

Why might insurance companies not cover losses related to the Millennium Bug?

• Because the bug is considered an unforeseen event.

• Because the bug is seen as an inevitable issue.

• Because the bug is a natural disaster.

• Because the bug only affects small businesses.

What is one of the major effects of the Millennium Bug on traffic systems?

• More pedestrian crossings.

• Traffic lights malfunctioning.

• Increased speed limits.

• Improved traffic flow.

How are global communications affected by the Millennium Bug?

• All international calls are free.

• Telephone exchanges are disrupted.

• Internet speeds are increased.

• Satellite communications are enhanced.

What do experts warn about if systems are not made year 2000 compliant?

• All systems will automatically update.

• Serious consequences could occur.

• The world will experience a technological boom.

• There will be no significant impact.