I just came accross the Y2K38 bug in a hint in a group mailing from a
recruiting firm.
In 2038 your code could fail
It's something to be aware of.  You need to furture proof your code.
http://www.sitepoint.com/blogs/2010/08/24/is-your-php-application-affected-by-the-y2k38-bug/

The COBOL developers of the 1970's (I was there) never thought 2000 would
come.  Some of my colleagues from that time made good money by being
available on 31/12/1999.
I was a PICK developer in the 1980's.  Dates were stored as days after
31/12/69.  This gave rise to a day 10000 issue (18th May 1997).  Even a year
before that date I found developers ignoring it.  I worked for one firm who
went broke.  I advised one of their customers I'd been supporting to replace
their payroll system before that date -- but come May 18 I got a phone call
(HELP!!!!)

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