Reality: If insurance companies are not confident enough to cover them to fly in that period, they will be grounded. The question then becomes - what will the effect be on the world economy if no aircraft fly for days or weeks?
Myth 2: We will all be popping champagne at midnight on 31 December and the lights will go out.
Reality: The lights at least should stay on, as will other essential services - subject, of course, to whatever extra load the celebrations impose.
Myth 3: Everything that goes wrong will go wrong at that "rollover" moment.
Reality: Some problems have arisen (and been resolved) and more are going to crop up next year, especially in April, when the 99/00 financial year starts. The effect may be like a snow flurry turning into a blizzard - at first it seems amusing, then it becomes dangerous.
Myth 4: My video is going to get microwaved as everything in my home goes haywire.
Reality: Most electronic items in the home use a 24-hour rollover clock, so most items will notice no difference. A few videos could be affected: mostly these are very ancient models.
Myth 5: Nuclear power stations will blow up.
Reality: It is far more likely that if anyone is worried, they will be taken off-line and shut down instead, though that could have a significant effect at a time when power demand is traditionally high.
Charles Arthur, and Robin Guenier of Taskforce 2000Reuse content