Russia will spend $187 MILLION on Y2K repairs

Russia will spend $187 MILLION on Y2K repairs

Post by shek » Fri, 05 Nov 1999 04:00:00



"Russia says it is spending 187 million dollars on adjusting its computer
infrastructure for the next millennium, topped up by 70 million dollars from
international bodies including the World Bank.
Moscow was tardy in reacting to Y2K, unblocking a meagre 50 million euros
(dollars) whereas experts said 187 million were needed, and available cash
has been slow to trickle down to the administrations that need to
modernise."

It MUST be a joke!

http://sg.dailynews.yahoo.com/headlines/technology/afp/article.html?s...
ore/headlines/991104/technology/afp/Russia_to_escape_major_Y2K_disruption.ht
ml

 
 
 

Russia will spend $187 MILLION on Y2K repairs

Post by Tim M » Fri, 05 Nov 1999 04:00:00




Quote:> "Russia says it is spending 187 million dollars on adjusting its computer
> infrastructure for the next millennium, topped up by 70 million dollars from
> international bodies including the World Bank.
> Moscow was tardy in reacting to Y2K, unblocking a meagre 50 million euros
> (dollars) whereas experts said 187 million were needed, and available cash
> has been slow to trickle down to the administrations that need to
> modernise."

Most of this money, if the IMF and U.S. and suchlike are dumb enough to
give it to them, will get transferred into Swiss and Cayman Islands
accounts, will end up buying dachas and villas, and will simply vanish.

--Tim May

--
Y2K: "It's not the odds...it's the stakes."   (unknown)
---------:---------:---------:---------:---------:---------:---------:----
Timothy C. May              | Crypto Anarchy: encryption, digital money,  
ComSec 3DES:   831-728-0152 | anonymous networks, digital pseudonyms, zero
W.A.S.T.E.: Corralitos, CA  | knowledge, reputations, information markets,
"Cyphernomicon"             | black markets, collapse of governments.

 
 
 

Russia will spend $187 MILLION on Y2K repairs

Post by Adeche » Sat, 06 Nov 1999 04:00:00





>> "Russia says it is spending 187 million dollars on adjusting its computer
>> infrastructure for the next millennium, topped up by 70 million dollars
>from
>> international bodies including the World Bank.
>> Moscow was tardy in reacting to Y2K, unblocking a meagre 50 million euros
>> (dollars) whereas experts said 187 million were needed, and available cash
>> has been slow to trickle down to the administrations that need to
>> modernise."

>Most of this money, if the IMF and U.S. and suchlike are dumb enough to
>give it to them, will get transferred into Swiss and Cayman Islands
>accounts, will end up buying dachas and villas, and will simply vanish.

But some would go directly to purchases of caviar and vodka.  It won't be a
total waste.

--Alan Dechert

 
 
 

Russia will spend $187 MILLION on Y2K repairs

Post by D. Scott Secor - Millennial Infarction Mitigato » Sat, 06 Nov 1999 04:00:00








> >> "Russia says it is spending 187 million dollars on adjusting its
computer
> >> infrastructure for the next millennium, topped up by 70 million dollars
> >from
> >> international bodies including the World Bank.
> >> Moscow was tardy in reacting to Y2K, unblocking a meagre 50 million
euros
> >> (dollars) whereas experts said 187 million were needed, and available
cash
> >> has been slow to trickle down to the administrations that need to
> >> modernise."

> >Most of this money, if the IMF and U.S. and suchlike are dumb enough to
> >give it to them, will get transferred into Swiss and Cayman Islands
> >accounts, will end up buying dachas and villas, and will simply vanish.

> But some would go directly to purchases of caviar and vodka.  It won't be
a
> total waste.

Unlike you, perhaps?
 
 
 

Russia will spend $187 MILLION on Y2K repairs

Post by DRACO » Sat, 06 Nov 1999 04:00:00







Nah, not Switzerland and the Caymans. The in place for Russian money is
Naauru. Used to be ten miles deep of guano, now, ten miles deep of skimmed
money. Cheers, AGF