Bryce Elder / Financial Times:

The Atlanta Fed estimates delays faced by claimants in COBOL-based unemployment insurance systems cut US GDP by at least $40B between March 13 and year-end 2020  —  A lot of critical financial and government infrastructure runs on Cobol.  The more-than-60-year-old mainframe coding language …

Bryce Elder / Financial Times:

The Atlanta Fed estimates delays faced by claimants in COBOL-based unemployment insurance systems cut US GDP by at least $40B between March 13 and year-end 2020  —  A lot of critical financial and government infrastructure runs on Cobol.  The more-than-60-year-old mainframe coding language …

Source: TechMeme
Source Link: http://www.techmeme.com/251023/p7#a251023p7