Remember the great champagne shortage of 1999? As we roared into the biggest New Year's Eve celebration ever, fear spread about the stockpile of French (most Americans liked France then) bubbly. The world wondered whether it would be left high and dry at the dawn of the millennium. And dark. The Y2K bug was supposed to fry the embedded chips in electronic devices ranging from toasters to mainframes. Defending its honor, Paris threw a spectacular millennium party on Dec. 31, 1999, bubbles and all, and the day of Y2K came and went with nary a ripple of disaster.
Entering this new...