The first business day in 2000 sees sporadic problems and failures with systems in many businesses, financial institutions, medical facilities, schools, and the local government. Some companies billing and accounts payable system fail. Bill collection halts temporarily creating cash flow problems for many. The Dow plummets 1,500 points. Many take capital loss as a result.
Investors suffer huge losses, retirement portfolios lose value.
Taxable income drops. Mass sell-off results in public panic. As problems mount, many businesses lay off workers, some file for bankruptcy. Public anger soars. Late January 2000 - Many businesses suffer from deprivation of services as impact spreads.