From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Thu, 06 Mar 2008 10:34:05Walter Bushell <proto@oanix.com> writes:
there have been similar comments about bond/cdo ratings
https://www.garlic.com/~lynn/2007q.html#41 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008c.html#63 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Thu, 06 Mar 2008 13:03:44greymaus <greymausg@mail.com> writes:
part of the S&L mess was that (non federal reserve regulated) financial institutions were allowed to reduce their reserves ... and wallstreet created financial instruments to quickly aborb the newly available funds ... less convoluted than the current toxic CDOs
roll forward into the 90s ... congress repeals Glass-Steagall and mortgages business changes ... nearly all of it outside the perview of the federal reserve powers.
cycle of real estate inflation and frenzy speculation ... money wasn't from deposits at federal reserve regulated financial institutions and any federal reserve regulated institutions involved were clearing them from their books ... so it didn't come under either federal reserve or basel.
subprime decoupled the interest rate from federal reserve prime rate (effectively by definition). in theory, federal reserve increasing the prime rate should have cooled the whole mess ... but since it was now decoupled from the prime rate and federal reserve regulatory control ... it had little effect.
so the bubble eventually bursts and craters with the federal reserve being asked to step in a fix the mess. since federal reserves increases to the prime had little effect on preventing the mess ... turning around and lowering the prime ... isn't likely to appreciably clean up the mess.
so on the other end ... the mortgage quality ... which should have been under federal reserve regulatory control (for those institutions that they have regulatory control over) ... comes back as toxic CDOs. It is no longer direct loan quality & risk ... it has been turned into something from wall street ... and bond ratings ... also something the federal reserve doesn't have regulatory control over. Federal reserve, retirement funds, etc ... can specify things like triple-A ratings are required ... but the institutions making those ratings are not under their control. A somewhat derogatory characterization is that those loans have been "laundered" thru wallstreet (leave the institution books as direct loans and comes back as wallstreet investment). however federal reserve has governance over only small piece of what is going on.
I would claim it is somewhat analogous to computer scheduling
implementations that 1) didn't have adequate instrumentation about what
really was going on and 2) scheduling decisions had superficial or no
direct control over actual resource consumption. i ran into this doing
resource management implementations as undergraduate in the 60s ...
lots of implementations were frequently layered on top of actual
operational kernel code with little or no direct interaction. misc.
past posts mentioning resource management
https://www.garlic.com/~lynn/subtopic.html#fairshare
It may be slightly more related to proposals requiring legislation having explicit metrics ... i.e. bills have explicit statements about what they are suppose to accomplish and then regular evaluations whether the legislation results are in any way related to their stated purpose. This could have secondary effect that legislation providing gov. agencies with their regulatory powers ... might require some demonstartion that the regulatory powers are in any way effective at achieving the agency's stated purpose.
It is less analogous to slow-start as countermeasure to internet
congestion ... since even tho slow-start has been shown to not be
directly related to congestion and also (or because) an unstable control
mechanism ... it does provide a form of control over the amount packets
dumped into the internet. this is something that we migrated to
rate-based controls ... which provides a much more effective mechanism
for all sorts of things (including congestion control). a couple recent
rate-based postings
https://www.garlic.com/~lynn/2008e.html#19 MAINFRAME Training with IBM Certification and JOB GUARANTEE
https://www.garlic.com/~lynn/2008e.html#28 MAINFRAME Training with IBM Certification and JOB GUARANTEE
other posts in this particular thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: EPIC, Ending Piracy of Integrated Circuits Newsgroups: alt.folklore.computers Date: Thu, 06 Mar 2008 13:29:50EPIC, Ending Piracy of Integrated Circuits
from above:
Integrated circuit piracy has risen in recent years as U.S. companies
started outsourcing production of newer chips with ultra-fine
features. Transferring chip blueprints to overseas locations opened new
doors for bootleggers who have used the chips to make counterfeit MP3
players, cell phones and computers, among other devices.
... snip ...
nearly a decade ago when we were working on what would satisfy institutions as part of moving to a person-centric paradigm ... we were approached by some of the big fab operators about using a side-effect to also address the copy-chip problem. It was different than the above solution ... but would have also addressed much of the same problem.
recent post mentioning working on person-centric paradigm solution
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Thu, 06 Mar 2008 23:40:38Stephen Fuld <S.Fuld@PleaseRemove.att.net> writes:
smaller real storage would result in cycling the reference bits more often ... leading to improved differentiation of what was being used within periods of time ... larger real storage extended the interval so that there was less differentiation about actual page use (i.e. all pages with any use at all during the extended period appeared to be equally used).
there is also some possibility that the effective operation may
degenerate to FIFO ... aka default LRU can degenerate to FIFO ...
reference to coding slight of hand where LRU degenerates to random
instead of FIFO:
https://www.garlic.com/~lynn/2008e.html#16 Kernels
lots of posts about doing replacement algorithms dating
back to undergraduate in 60s
https://www.garlic.com/~lynn/subtopic.html#wsclock
which 15 or so yrs later got me dragged into battle somebody was having
getting their Phd from stanford ... recent post:
https://www.garlic.com/~lynn/2008c.html#65 No Glory for the PDP-15
old communication on the subject
https://www.garlic.com/~lynn/2006w.html#email821019
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Fri, 07 Mar 2008 09:32:16jmfbahciv writes:
i haven't actually seen percent numbers ... but i saw quite a few "speculation" vacancies ... person sold to a speculator (and moved out ... or it was brand new property and never occupied) ... depending on how long the speculator was planning on holding the property ... they may or may not have felt that it was worth having tenent paying rent during the speculation period. when the bubble bursts ... all of those properties would be vacant.
somebody buys a property for $500k and expects to clear $50k after holding it for a year. with no down and 3percent subprime ... they would have $15k loan cost. the question is do they want the headache of dealing with a tenant for the period. the loan cost is $15k and the return is $50k ... say on the order of 300percent ROI in a year. Especially if it is brand new property ... not ever having anybody living it could be attractive. If it wasn't a brand new property, the speculator may have had somebody come in a do some superficial work ... and then wait for new buyer ... tenents could just represent unnecessary complication for the flip.
in any case, just another example of nobody minding the store ... just
cranking out the mortgages as fast as possible ... and figuring that
since the mortgages will almost immediately be unloaded ... loan
quality was going to be somebody else's problem ... not theirs. if the
people buying the mortgages weren't evaluating the loan quality
... why should the originating lenders? this is somewhat the reference
to the musical chairs analogy (who is left holding the bag when the
bubble bursts)
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
... and effectively all of this outside of the federal reserve regulatory authority
other posts in the thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Fri, 07 Mar 2008 10:08:08re:
non-owner-occupied speculators ... holding properties off the market for year or so ... would tend to inflate the apparent demand ... helping fuel real estate price inflation (and also contributing to over building).
speculators who anticipate real demand ... can rev up the suppliers to start producing additional product before the demand actually materializes.
however, later in the cycle ... i conjecture that economic modeling of speculators, effectively holding product off the market ... would start to look more like hording ... creating appearance of demand in excess of actual. then the incremental, artificial scarcity goes thru period of adjustment. an analogous hording of consumable products tends to go thru more rapid adjustment. non-owner-occupied speculation properties, using the hording analogy ... contributes to additional property inflation ... which will have to go through an adjustment period (when the anticipated demand doesn't immediately materialize).
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Fri, 07 Mar 2008 14:36:12Stephen Fuld <S.Fuld@PleaseRemove.att.net> writes:
3090 expanded store had a synchronous fast move instruction custom for the expanded store ... sort of like a customized 4k move ... and possibly also didn't affect processor cache (other than invalidates ... but didn't actually drag thru cache). i/o was not possible to "expanded store" ... i.e. any pages in expanded stored that "aged out" would have to be copied back to regular memory before doing any i/o. one might consider this analogous to "page migration" ... something i had implemented for fixed-head (and electronic store) paging disks in the 70s (required moving pages back into storage before writing to lower thruput disks) ... actually the page migration was more generalized ... but fixed-head to non-fixed-head was most apparent effect.
a little before 3090 (early 80s starting with 308x) ... both mvs and vm got "big pages" ... basically custom page replacement that attempted to aggregate a full track of a process pages (10 for 3380) for a single transfer out. a subsequent fault on any member of a "big page" ... would fetch all pages in a big page. the issue was effectively trading off real storage (fetch of 40k) against 3380 access bottleneck (i.e. random access for 3380 vis-a-vis 3330 only went up moderately ... but transfer rate went up by a factor of ten times). the idea was somewhat approximate the thruput of fixed-head disks ... with the much less expensive 3380s (attempting to always perform full track operation per access, possibly even doing multiple full track operations at the same cylinder position ... before any requirement to move the arm).
big pages implemented a log-structured filesystem kind of logic (i.e. disk arm access optimization) allocated space supporting the operation was possibly ten times expected use ... moving cursor progressed across surface ... with new write of a big page always going to next available track on the leading edge of the moving cursor. advantage of paging strategy (vis-a-vis log-structured filesystem) was there was no "clean-up" requirement to periodically consolidate scattered written file records into consecutive locations.
discussion around recent releases imply that support for "big pages" has been dropped because associated processor overhead was exceeding the benefit.
the original purpose of 3090 expanded store was because of physical packaging and requiring something that differentiated storage with longer latency. this is somewhat akin to the old 360 LCS ... where there was variety of both kinds of implementation ... 1) execution directly out of LCS (with latency on every load/store) and 2) copying from LCS down to faster storage. 3090 expanded store only provided hardware support for the "copying" strategy.
later machine generations addressed the latency associated with
physical packaging. however, it was still possible to configurate
microcode to partition standard memory as (hardware) emulated
"expanded store".
https://www.garlic.com/~lynn/2008e.html#40 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ...
the issue was that there was some experience with customers getting better thruput with some configured expanded store (trading off lower amount of standard addressable storage for some amount of extended storage). one could claim that a better algorithm implementation could approach the accuracy of working with smaller amounts of real memory ... while obtaining the benefits of having one global addressable memory (w/o requiring moving overhead).
for total other topic drift ... there was project to craft HiPPI I/O support onto 3090 ... but standard channel interface wouldn't support the 100mbyte/sec transfer ... so there was a hack to craft HiPPI support into the side of the expanded store bus. since the processor didn't actually have channel program capability on the expanded store bus ... I/O commands were implemented using a peek/poke kind of architecture (using the expanded store, 4k "copy" instructions to peek & poke to reserved expanded store addresses).
for other topic drift ... past posts discussing big page (i.e. full
track transfers of multiple regular pages) implementation from early
80s:
https://www.garlic.com/~lynn/2001k.html#60 Defrag in linux? - Newbie question
https://www.garlic.com/~lynn/2002b.html#20 index searching
https://www.garlic.com/~lynn/2002c.html#29 Page size (was: VAX, M68K complex instructions)
https://www.garlic.com/~lynn/2002c.html#48 Swapper was Re: History of Login Names
https://www.garlic.com/~lynn/2002e.html#8 What are some impressive page rates?
https://www.garlic.com/~lynn/2002e.html#11 What are some impressive page rates?
https://www.garlic.com/~lynn/2002f.html#20 Blade architectures
https://www.garlic.com/~lynn/2002l.html#36 Do any architectures use instruction count instead of timer
https://www.garlic.com/~lynn/2002m.html#4 Handling variable page sizes?
https://www.garlic.com/~lynn/2002m.html#7 Handling variable page sizes?
https://www.garlic.com/~lynn/2003b.html#69 Disk drives as commodities. Was Re: Yamhill
https://www.garlic.com/~lynn/2003d.html#21 PDP10 and RISC
https://www.garlic.com/~lynn/2003f.html#5 Alpha performance, why?
https://www.garlic.com/~lynn/2003f.html#9 Alpha performance, why?
https://www.garlic.com/~lynn/2003f.html#16 Alpha performance, why?
https://www.garlic.com/~lynn/2003f.html#48 Alpha performance, why?
https://www.garlic.com/~lynn/2003g.html#12 Page Table - per OS/Process
https://www.garlic.com/~lynn/2003o.html#61 1teraflops cell processor possible?
https://www.garlic.com/~lynn/2003o.html#62 1teraflops cell processor possible?
https://www.garlic.com/~lynn/2004.html#13 Holee shit! 30 years ago!
https://www.garlic.com/~lynn/2004e.html#16 Paging query - progress
https://www.garlic.com/~lynn/2004n.html#22 Shipwrecks
https://www.garlic.com/~lynn/2004p.html#39 100% CPU is not always bad
https://www.garlic.com/~lynn/2005h.html#15 Exceptions at basic block boundaries
https://www.garlic.com/~lynn/2005j.html#51 Q ALLOC PAGE vs. CP Q ALLOC vs ESAMAP
https://www.garlic.com/~lynn/2005l.html#41 25% Pageds utilization on 3390-09?
https://www.garlic.com/~lynn/2005n.html#18 Code density and performance?
https://www.garlic.com/~lynn/2005n.html#19 Code density and performance?
https://www.garlic.com/~lynn/2005n.html#21 Code density and performance?
https://www.garlic.com/~lynn/2005n.html#22 Code density and performance?
https://www.garlic.com/~lynn/2006j.html#2 virtual memory
https://www.garlic.com/~lynn/2006j.html#3 virtual memory
https://www.garlic.com/~lynn/2006j.html#4 virtual memory
https://www.garlic.com/~lynn/2006j.html#11 The Pankian Metaphor
https://www.garlic.com/~lynn/2006l.html#13 virtual memory
https://www.garlic.com/~lynn/2006r.html#35 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006r.html#37 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006r.html#39 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006t.html#18 Why magnetic drums was/are worse than disks ?
https://www.garlic.com/~lynn/2006v.html#43 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2006y.html#9 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2007o.html#32 reading erased bits
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Convergent Technologies vs Sun Newsgroups: alt.folklore.computers Date: Fri, 07 Mar 2008 14:58:32Lon <lon.stowell@comcast.net> writes:
i've frequently claimed that the big advantage that IP brought was internetworking and gateways. first generation networking viewed things qmuch more as a single domain. the dramatic advantage that internetworking and gateways brought was being able to interoperate across multiple, fairly independent domains. part of IP secret was that it made it fairly transparent to the end-user whether they were interacting in the local domain or across multiple domains.
i've also observed that the internal network (non-sna)
https://www.garlic.com/~lynn/subnetwork.html#internalnet
and possibly the major reason that it was larger than the arpanet/internet from just about the beginning until mid-85 ... was because each node contained a form of gateway support ... somewhat simplifying interconnecting multiple domains.
removing impediment for interconnecting multiple domains didn't come to arpanet/internet until the cut-over to internetworking protocol on 1/1/83.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Fri, 07 Mar 2008 16:57:57nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
3090 expanded store was same physical memory technology but physical packaging resulted in different latency ... so they somewhat backed into putting it on a different bus ... that was wider and only operated with special move instruction (it wasn't as good as single global addressable memory ... but it was much better than having to do physical i/o).
later machines eliminated the physical packaging differentiation ... but provided microcode configuration option to use regular memory technology as (microcode/hardware) emulated expanded storage ... and customers could select to treat storage as single global address space ... or partitioned between standard addressable storage and emulated expanded storage.
posts in this thread:
https://www.garlic.com/~lynn/2008e.html#40 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#3 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#6 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
for other thread drift ... current generations of machines have separate
dedicated HSA (hardware storage area) ... uses include "system" disk
record caching:
https://www.garlic.com/~lynn/2008d.html#91 Z10 presentation on 26 Feb
https://www.garlic.com/~lynn/2008e.html#31 IBM announce Z10 ..why so fast...any problem on z 9
https://www.garlic.com/~lynn/2008e.html#39 IBM announce Z10 ..why so fast...any problem on z 9
as previously mentioned, in the late 70s, we did a special implementation that would capture all disk record number access ... and it was installed on several different systems in the san jose area ... capturing live activity for various kinds of application work (engineering timesharing, administrative business, development, etc). The information was used in I/O cache simulation ... which looked at variety of different caching strategies. One of the findings was that for a given amount of electronic storage (for cache), optimal system performance was with using all the storage as single global system cache ... as opposed to various kinds of partitioning strategies (where total aggregate electronic cache storage remained the same)... channel level caches, control unit level caches, device level caches.
This cache simulation work tended to validate my earlier findings in the 60s (as undergraduate) that global LRU implementation strategies outperformed "local LRU" implementations (where "local LRU" is equivalent to partitioning storage into various kinds of subsets).
These findings would also tend to support that single global addressable area would outperform subsetting it into two different areas ... one of them a simulated electronic paging device. For subsetting with some sort of emulated electronic paging device, to provide improved throughput ... would indicate some kind of deficiency/idiosyncrasy in the implementation (that the configuration variations, compensate for)
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: EPIC, Ending Piracy of Integrated Circuits Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 09:26:44Chris Barts <chbarts+usenet@gmail.com> writes:
lots of people have looked at skimming off cream by moving things to an
internet base w/o actually deploying an industrial strength operation
(aka nearly zero infrastructure cost overhead) ... one could claim that
it is on par with real estate speculators looking at 100precent (or
better) ROI/annum
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
more than a decade ago, i gave a talk at combination IETF editor, ISI, and USC graduate student seminar about why the base internet wasn't an industrial strength operation.
lots of move to electronic commerce on the internet ... is the reduced cost of doing business.
when we were out marketing our ha/cmp product
https://www.garlic.com/~lynn/subtopic.html#hacmp
we coined the terms geographic survivability and disaster survivability
to differentiate from disaster/recovery. we looked at general scenario
of availability ... various kinds of environmental hazards, things like
floods ... but also attacks (aka single point of failure)
https://www.garlic.com/~lynn/submain.html#available
later we were asked to consult with a small client/server startup that
wanted to do payment transactions on their server ... which is now
frequently referred to as electronic commerce ... which included
something called a payment gateway
https://www.garlic.com/~lynn/subnetwork.html#gateway
one can make similar claims about electronic commerce having similar
environmental hazard vulnerabilities ... in fact, any internet
attachment ... and can have requirements for continuous available
operation ... and failure/attack countermeasures.
lots of past posts mentioning risk, fraud, vulnerabilities, exploits,
threats
https://www.garlic.com/~lynn/subintegrity.html#fraud
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 10:27:50Morten Reistad <first@last.name> writes:
other posts in this thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 10:47:19jmfbahciv writes:
... issue in the 80s was some amount of property evaluation was
fraudulent ... which needed to be fixed ... also mentioned in
this old, frequently referenced post from the last century
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
the above thread also talks about how to carry trusted property/mortgage
valuation thru the whole process as the mortgages got securitized
... i.e.
to be able to have an evidentiary trail to asset securitization pools
that are traded on the secondary market
however, there is not only the original evaluation ... but ongoing
real-time characteristics associated with the individual loans.
some recent posts mentioning dataprocessing required for evaluating the
aggregate characteristics of these asset securitization pools
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Sat, 08 Mar 2008 13:32:08Morten Reistad <first@last.name> writes:
the "original" of this was 3033 >16mbyte support.
360/67 had 24bit and 32bit addressing modes ... 370 retrenched to just 24bit addressing (real & virtual) modes.
come up to 3033 ... disks had relative slower system thruput, fixed storage requirements were increasing , 3033 was running into real thruput crunch with 16mbyte real memory constraint.
370 architecture had 16bit page table entry ... 12 bit real (4k byte) page number, 2 defined bits and 2 undefined bits. 3033 did a hack to allow addressing 64mbytes ... by allowing the 2 undefined bits to be concatenated to the 12bit page number (for 14bit number). real & virtual addressing was still limited to 24bit ... but pagetable/tlb could translate that into 26bit address.
normal channel programs were 24bit ... but "IDALs" (indirect data access lists) were introduced with for 370 channel programs ... which had 31bit address field for data transfers. the original objective of IDALs was that CCWs in channel programs have to be processed synchronously and prefetching wasn't allowed. the "problem" was scatter/gather i/o transfers crossing page boundaries and non-contiguous ... which in 360 required data-chaining. however, there were some situation where there would be overrun because the (data-chaining) chained to CCW couldn't be fetched within the time constraints. IDAL addresses were allowed to be prefetched ... which facilitated converting virtually contiguous data transfers ... to non-contiguous real data transfers (because of non-contiguous virtual pages).
in any case, IDAL allowed for channel programs on 3033 to do i/o into and out of real storage above the 16mbyte line (although all the actual channel programs had to exist below the 16mbyte line).
the remaining problem was that their were certain operations requiring virtual pages to be below the 16mbyte line ... if the page had originally been above the 16mbyte line ... it then would have to be moved below the line. an early design called for writing such a page to disk and then bringing it back in below the 16mbyte line. i did a hack for them that fiddled some page table entries and used a MVCL in special virtual address space to move virtual pages back and forth between below the 16mbyte line and above the 16mbyte line.
old email reference trying to explain that the page table, MVCL hack was
much better than the I/O strategy.
https://www.garlic.com/~lynn/2006t.html#email800121
old email discussing perturbations to global LRU with two distinct
areas for virtual pages (above and below the 16mbyte line)
https://www.garlic.com/~lynn/2007b.html#email860124
other old email discussing global LRU
https://www.garlic.com/~lynn/lhwemail.html#globallru
posts mentioning page replacement algorithms
https://www.garlic.com/~lynn/subtopic.html#wsclock
past posts discussing the 3033 >16mbyte hack
https://www.garlic.com/~lynn/2000d.html#82 "all-out" vs less aggressive designs (was: Re: 36 to 32 bit transition)
https://www.garlic.com/~lynn/2003f.html#4 Alpha performance, why?
https://www.garlic.com/~lynn/2003f.html#24 New RFC 3514 addresses malicious network traffic
https://www.garlic.com/~lynn/2004c.html#34 Playing games in mainframe
https://www.garlic.com/~lynn/2004e.html#8 were dumb terminals actually so dumb???
https://www.garlic.com/~lynn/2004e.html#41 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004f.html#38 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004k.html#44 Wars against bad things
https://www.garlic.com/~lynn/2005.html#34 increasing addressable memory via paged memory?
https://www.garlic.com/~lynn/2005p.html#19 address space
https://www.garlic.com/~lynn/2005q.html#30 HASP/ASP JES/JES2/JES3
https://www.garlic.com/~lynn/2005u.html#44 POWER6 on zSeries?
https://www.garlic.com/~lynn/2006.html#13 VM maclib reference
https://www.garlic.com/~lynn/2006l.html#2 virtual memory
https://www.garlic.com/~lynn/2006m.html#27 Old Hashing Routine
https://www.garlic.com/~lynn/2006w.html#23 Multiple mappings
https://www.garlic.com/~lynn/2007b.html#34 Just another example of mainframe costs
https://www.garlic.com/~lynn/2007g.html#59 IBM to the PCM market(the sky is falling!!!the sky is falling!!)
https://www.garlic.com/~lynn/2007r.html#56 CSA 'above the bar'
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 14:08:00jmfbahciv writes:
my assertion has been that the majority of the problem exists outside the area that the federal reserve has control over.
federal reserve can increase/decrease prime rate to banks under federal reserve authority
subprime mortgages were effectively decoupled from the prime rate
federal reserve can increase/decrease funds to banks under federal reserve authority
asset securitization was obtaining funds from wall street as well as moving the loans off financial institution books.
as in the S&L crisis ... large percentage of institutions originating subprime mortgages weren't under authority of federal reserve.
asset securitization had moved stuff that had been primarily banking function (over which the federal reserve has some control over) to wallstreet (which the federal reserve has little control over ... and is normally treated in significantly more lax manner than banking).
repeal of Glass-Steagall wiki page
https://en.wikipedia.org/wiki/Glass-Steagall_Act
from above:
On November 12, 1999, President Bill Clinton signed into law the
Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of
1933. One of the effects of the repeal is it allowed commercial &
investment banks to consolidate.[citation needed] Economist Robert
Kuttner has criticized the repeal of the Glass-Steagall Act as
contributing to the 2007 subprime mortgage financial crisis.
... snip ...
above wiki reference has URL to PBS program on "The Long Demise of
Glass-Steagall "
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
from above:
Following the merger announcement on April 6, 1998, Weill immediately
plunges into a public-relations and lobbying campaign for the repeal of
Glass-Steagall and passage of new financial services legislation (what
becomes the Financial Services Modernization Act of 1999). One week
before the Citibank-Travelers deal was announced, Congress had shelved
its latest effort to repeal Glass-Steagall. Weill cranks up a new effort
to revive bill.
... snip ...
misc. past posts mentioning Glass-Steagall:
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
other past posts in this thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 15:59:10Morten Reistad <first@last.name> writes:
UBS Declines on Report "Fire Sale" May Lead to More Writedowns
http://www.bloomberg.com/apps/news?pid=20601085&sid=a3vVSQtKj2uM&refer=europe
from abvoe:
UBS AG fell to a five-year low in Swiss trading after JPMorgan Chase
& Co. analysts said it probably sold 25 billion francs ($24
billion) of mortgage-backed securities in a "fire sale" and may
have more writedowns.
... snip ...
and
Prices of about 70 cents on the dollar for the Alt-A assets in the fire
sale are "realistic," Abouhossein said.
... snip ...
other posts in this thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 16:34:53re:
a little more ...
UBS fire-sale
http://www.financialnews-us.com/?page=ushome&contentid=2449999494
from above:
Analysts said they believed the Swiss bank had sold its Alt-A
investments to Pimco for 70 cents on the dollar, taking a deep discount
on a CHF26.6bn ($25.7bn) portfolio. UBS' shares fell 4% to CHF30.92
after touching a new five-year low of CHF30.88, more than the 1.2% fall
in the DJ Stoxx European bank index.
... snip ...
and ...
Citigroup To Shrink Mortgage Holdings By $45 Billion
http://money.cnn.com/news/newsfeeds/articles/djf500/200803070425DOWJONESDJONLINE000534_FORTUNE5.htm
from above:
"We see the speculated level of 70 cents on the dollar as realistic in a
fire sale," J.P. Morgan's Kian Abouhossein said a research note. The
current market price is close to 84 cents on the dollar.
... snip ...
other reference to citi:
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
More credit costs seen weighing on banks, brokers; Citigroup may face
$12 billion in additional write-downs, Goldman says
http://www.marketwatch.com/news/story/goldman-sees-citigroup-facing-12/story.aspx?guid=%7B69B32AA2%2D5E60%2D48A5%2DBD90%2DDB67644BEEC7%7D
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 19:00:03Banks face "systemic margin call," $325 billion hit: JPM
Bloomberg: Citigroup May Need Cash as Losses Mount
http://www.monitordaily.com/Story_Page.asp?News_ID=20829&Type=AlsoToday
from above:
Citigroup received $7.5 billion in November from a sovereign wealth fund
in Abu Dhabi and is reportedly getting another $14.5 billion from
investors, including the governments of Singapore and Kuwait.
Bloomberg quoted Sameer al-Ansari, the chief executive officer of Dubai
International, who said, "It will take a lot more than that to rescue
Citi and other financial institutions."
... snip ...
other posts in the saga ...
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#14 independent appraisers
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 08 Mar 2008 20:57:37re:
OCC Statement On Reporting Of Securitized Subprime Adjustable Rate
Residential Mortgages
http://www.occ.treas.gov/ftp/release/2008-27.htm
from above:
The OCC supports the data collection efforts related to the HOPE NOW
alliance, and believes that long-term sustainable loss mitigation
techniques that preserve homeownership are generally in the best
interest of borrowers, servicers, and investors because such strategies
are typically less costly than foreclosure, particularly when applied
before default.
... snip ...
4oct06 guidanced referenced in the above
Guidance on Nontraditional Mortgage Product Risks
http://www.occ.treas.gov/ftp/bulletin/2006-41.html
from above:
The Office of the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System, the Federal Deposit Insurance Corporation,
the Office of Thrift Supervision, and the National Credit Union
Administration (the agencies) have jointly issued the attached
"Interagency Guidance on Nontraditional Mortgage Product Risks." The
guidance discusses how institutions can offer nontraditional mortgage
products in a safe and sound manner and in a way that clearly discloses
the benefits and risks to borrowers.
... snip ...
... and
The guidance expects financial institutions to recognize and mitigate
the risks inherent in these products. This includes ensuring that loan
terms and underwriting standards are consistent with prudent lending
practices, including credible consideration of a borrower's repayment
capacity. It also includes ensuring that consumers are provided clear
and balanced information about the relative benefits and risks at a time
that allows them to make informed decisions.
... snip ...
one of the issues via-a-vis Glass-Steagall ... was it theoretically kept
some amount of the investment banker speculation activity separate from
commercial banking ... after the experience of the late 20s.
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
and misc. reference to toxic CDOs
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Historic IBM Building 25 in San Jose destroyed by fire Newsgroups: alt.folklore.computers Date: Sun, 09 Mar 2008 03:03:20Historic IBM Building 25 in San Jose destroyed by fire
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Sun, 09 Mar 2008 03:24:11Brian Boutel <fake@fake.org> writes:
and showed much better thruput characteristics.
synchronous page replacement ... when there was page fault ... invoke the page replacement algorithm ... find a page for replacement ... and allocate that page for replacement by the faulting page ... could run into additional latency delays ... if the page selected for replacement had been changed and first requires writing to backing store ... before it can be "replaced".
asynchronous page replacement ... would attempt to keep a small pool of pages immediately available for replacement ... i.e. the production of pages to be replaced running slightly ahead of the consumption of the pages ... attempting to mitigate the replace latency (when the page needed to be written). It was possible to "reclaim" pages in such a pool ... if an application page faulted on one ... prior to it being acctually allocated for replacement. Circa 1980, somebody had thought up this brilliant strategy for the favorite son operating system ... and also called me about implementing such a "reclaim" strategy for VM. I commented that since my days as an undergraduate in the 60s, it had never occurred to me not to have implemented such a "reclaim" strategy (in the implementation i had done for cp67 and later vm370 case, the page table entry invalid flag was marked invalid ... but the page number not actually zeroed ... until the real page number was assigned for some other virtual page, reclaim then just involved updating table info.
then there is "duplicated" vis-a-vis "no-duplicated" stratigy with regard to managing secondary backing store location.
In the duplicate strategy ... the backing store location would remain allocated, even if a page had been fetched into main memory for use. If the page was subsequently selected for replacement, the page hadn't been changed and the backing store location was still valid ... the write could be avoided and the real storage location could be immediately available for use.
In the no-duplicate strategy ... the backing store location is deallocated when the page is brought into main memory. Subsequent selection of the page for replacement would always require it to be written out.
The duplicate strategy could reduce page i/o traffic ... and also reduce latency ... especially in synchronous page replacement strategy. The no-duplicate strategy increases the amount of page i/o traffic, but eliminates the amount of secondary storage required ... especially in situations with large real storage configurations and somewhat constrained disk space (i.e. eliminates duplicates of a page both on disk and in real memory).
Another early disagreement with the people working on moving the favorite son batch operating system from purely real storage into virtual memory operation (initially os/v2 svs and then os/vs2 mvs). their modeling had "found" that a page replacement strategy could reduce page i/o activity and latency if it were to first explicitly search for a non-changed page ... before resorting to selecting a changed page. My contention was that it would horribly distort any LRU operational characteristics ... but they went ahead and did it anyway. It wasn't until a number of years into MVS releases that they realized that this "micro optimization" was selecting high-use, shared program execution virtual pages before lower use private application (changed) data pages. Of course this was only applicable to the "duplicate" strategy where it was possible to avoid the write of a a non-changed page selected for replacement.
other posts in this thread:
https://www.garlic.com/~lynn/2008e.html#40 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#6 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#8 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#12 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
misc. old email discussing things like global LRU vis-a-vis local LRU
https://www.garlic.com/~lynn/lhwemail.html#globallru
and previous posts mentioning page replacement algorithms
https://www.garlic.com/~lynn/subtopic.html#wsclock
previous posts specifically mentioning dup/no-dup strategies:
https://www.garlic.com/~lynn/93.html#12 managing large amounts of vm
https://www.garlic.com/~lynn/93.html#13 managing large amounts of vm
https://www.garlic.com/~lynn/94.html#9 talk to your I/O cache
https://www.garlic.com/~lynn/2000d.html#13 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2001i.html#42 Question re: Size of Swap File
https://www.garlic.com/~lynn/2001l.html#55 mainframe question
https://www.garlic.com/~lynn/2001n.html#78 Swap partition no bigger than 128MB?????
https://www.garlic.com/~lynn/2002b.html#10 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#16 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#19 hollow files in unix filesystems?
https://www.garlic.com/~lynn/2002b.html#20 index searching
https://www.garlic.com/~lynn/2002e.html#11 What are some impressive page rates?
https://www.garlic.com/~lynn/2002f.html#20 Blade architectures
https://www.garlic.com/~lynn/2002f.html#26 Blade architectures
https://www.garlic.com/~lynn/2003f.html#5 Alpha performance, why?
https://www.garlic.com/~lynn/2003o.html#62 1teraflops cell processor possible?
https://www.garlic.com/~lynn/2004g.html#17 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004g.html#18 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004g.html#20 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004h.html#19 fast check for binary zeroes in memory
https://www.garlic.com/~lynn/2004i.html#1 Hard disk architecture: are outer cylinders still faster than inner cylinders?
https://www.garlic.com/~lynn/2005c.html#27 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005m.html#28 IBM's mini computers--lack thereof
https://www.garlic.com/~lynn/2006c.html#8 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006e.html#45 using 3390 mod-9s
https://www.garlic.com/~lynn/2006f.html#18 how much swap size did you take?
https://www.garlic.com/~lynn/2006i.html#41 virtual memory
https://www.garlic.com/~lynn/2006j.html#11 The Pankian Metaphor
https://www.garlic.com/~lynn/2007c.html#0 old discussion of disk controller chache
https://www.garlic.com/~lynn/2007e.html#60 FBA rant
https://www.garlic.com/~lynn/2007l.html#61 John W. Backus, 82, Fortran developer, dies
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sun, 09 Mar 2008 11:36:20jmfbahciv writes:
loan origination is when subprime adjustable rate mortgage is decoupled from prime. the loans are then securitized ... moved to wallstreet and unloaded from the books.
the organization originating the loan are looking for this subprime characteriztic to help close the loan. by the time it becomes a problem, *asset securitization* has cleared it from their books and it is somebody else's problem.
some number of speculators are looking to take advantage of this decoupled from the prime ... anticipating having flipped the property before the rate adjusts.
during the initial period ... the subprime rate is decoupled from the prime rate ... then, after the initial period ... the loan rate becomes adjusted based on prime ... but it appears that all of the players were not anticipating that as a problem.
after the initial period, the adjustable formulae is usually prime plus something. based on extremely low initial subprime rate ... all (positive?) values for the prime could result in the first adjustment to be upward.
some amount of speculation appeared to be anticipating taking advantage in early window of unsustainable real estate inflation.
other posts in this thread:
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#0 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#14 independent appraisers
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
https://www.garlic.com/~lynn/2008f.html#16 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical ... Newsgroups: comp.arch,alt.folklore.computers Date: Sun, 09 Mar 2008 12:07:39nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
as mentioned ... not in early releases. somebody got an award for coming up with the idea for mvs (very late 70s) ... and then i got a call if they could also apply it to vm (and get another award?). i replied i had never not done it that way since undergraduate days in the 60s.
i somewhat facetiously suggested that instead of giving awards for making things the way they should have been originally ... the original people responsible should be given negative awards.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Study Finds Sharp Math, Science Skills Help Expand Economy Newsgroups: alt.folklore.computers Date: Sun, 09 Mar 2008 19:25:15Peter Flass <Peter_Flass@Yahoo.com> writes:
the neighborhood/demographic differences can obfuscate/excuse fundamental national competitiveness problems
recent article from last week
Class Size Alone Not Enough To Close Academic Achievement Gap
http://www.sciencedaily.com/releases/2008/02/080228112004.htm
from above:
"Given that class size reduction is an intervention that benefits all
students, it's tempting to expect that it also will reduce the
achievement gap," he added. Previous research, however, has provided
weak or no evidence that class reduction benefited lower-achieving
students more than others. The Northwestern study underscores that
research
... snip ...
which seems to say ... increasing resources for all equally doesn't close achievement gaps. in situations where there is limited resources ... is it in socieity's interest to improve the highest achievers or the lowest achievers?
there have been past threads about managers being able to improve the productivity of their employees ... a scenario is manager spending the majority of their time can double an employee's productivity.
where there is productivity distribituion ... the most productive
employee representing half the group's productivity and the least
productive employee representing five precent of the group's
productivity ... for which employee should the manager spend the
majority of their time. Past studies have indicated managers spending
most of their time with the least productive ... however economic
modeling can show that is not in the group's best interest ...
a few past posts:
https://www.garlic.com/~lynn/2005n.html#13 Why? (Was: US Military Dead during Iraq War
https://www.garlic.com/~lynn/2007e.html#47 time spent/day on a computer
https://www.garlic.com/~lynn/2007i.html#32 ANN: Microsoft goes Open Source
recent past posts in this thread:
https://www.garlic.com/~lynn/2008.html#52 Education ranking
https://www.garlic.com/~lynn/2008.html#55 Education ranking
https://www.garlic.com/~lynn/2008.html#60 Education ranking
https://www.garlic.com/~lynn/2008.html#81 Education ranking
https://www.garlic.com/~lynn/2008.html#83 Education ranking
https://www.garlic.com/~lynn/2008b.html#13 Education ranking
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#63 Study Finds Sharp Math, Science Skills Help Expand Economy
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: More on GPS troubles Newsgroups: misc.transport.road,alt.folklore.computers Date: Mon, 10 Mar 2008 06:51:05John Varela <OLDlamps@verizon.net> writes:
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: EPIC, Ending Piracy of Integrated Circuits Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 07:10:37Anne & Lynn Wheeler <lynn@garlic.com> writes:
Fighting the black market: crypto-locks for CPUs, other ICs
http://arstechnica.com/news.ars/post/20080309-fighting-the-black-market-crypto-locks-for-cpus-other-ics.html
from above:
Once the circuit's original logic is properly connected to EPIC, a
randomly-generated Common Key will be created. This key is communicated
to the IP holder and then erased. The chip is then packaged and ready
for activation. At power-up, the chip generates a private and public
Random Chip Key (RCK-Pri and RCK-Pub), both of which are burned into a
set of electrically-programmed fuses. The fab would then send the new
IC's RCK-Pub to the owner of the IC itself. Said owner would then
transmit an Input Key back to the fab. The Input Key corresponds to the
already-communicated Common Key wrapped in a double-encryption layer
consisting of the private Master Key and RCK-Pub.
... snip ...
sounding more & more like how they wanted to leverage the work on person-centric solution a decade ago to address the copy-chip problem.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 09:17:37kkt <kkt@zipcon.net> writes:
quicky use of search engine
http://www.bankersonline.com/articles/bhv03n05/bhv03n05a2.html
from above:
1991 Record Breaking Year
The FBI's report on crimes against federally insured financial
institutions established 1991 as yet another record breaking year for
bank robberies. Statistics for 1991 showed 9,381 bank robberies occurred
nationwide, an increase of 20% over 1990's recorded 7,837. The numbers
include commercial banks, mutual savings banks, savings and loans, and
credit unions.
... snip ...
and
"Robbery Capital Of The World"
If the national robbery statistics reveal a tragic tale, California's
are terrifying. In 1991 better than one in three bank robberies in the
nation occurred in California-with a large majority taking place in "The
Robbery Capital of the World," Los Angeles. If you think bank robbery is
a problem in your city, consider Los Angeles where on July 29, 1992,
five Bank of America branches were robbed in a single hour. For 1991,
the FBI recorded 2,355 bank robberies in its Los Angeles Regional
Office, which covers five counties. This far surpasses the earlier
record set in 1983 when 1,833 robberies occurred.
... snip ...
my previous comment was that armed robberies would have to increase by maybe a factor of 1000 ... to maybe 10million/annum instead of 10k (or less) ... cybercrime effort is on the order of a armed robbery but ROI can be on the order of 1000 times greater.
also ... bank crime statistics (1jan2006 - 31dec2006)
http://www.fbi.gov/publications/bcs/bcs2006/bank_crime_2006.htm
above lists 7272 robberies, burlaries, and larcenies. "loot" was taken in 6674 (92percent) of the 7272 incidents ... amounting to a total of something less than $73m. Investigation to date identified 39percent of the 9010 persons known to be involved.
by comparison various kinds of identity theft and cybercrime reports losses in the $50b to $500b range (1,000 to 10,000 times that of aggregate bank robberies).
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 09:26:29Anne & Lynn Wheeler <lynn@garlic.com> writes:
oops, finger slip ... that should be 1,000 to 10,000 times that of aggregate bank robberies
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: was: 1975 movie "Three Days of the Condor" tech stuff Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 09:46:47jmfbahciv writes:
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: US aerospace and defense sector braces for potential brain drain as Cold War workers retire Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 09:57:26greymaus <greymausg@mail.com> writes:
original post in this thread:
https://www.garlic.com/~lynn/2008e.html#71 US aerospace and defense sector braces for potential brain drain as Cold War workers retire
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Historic IBM Building 25 in San Jose destroyed by fire Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 10:44:04Marc Auslander <marcslists@optonline.NOSPAM.net> writes:
bldg 28 ("research" before almaden facility was built) was two story cement structure in the form of triangle (with central courtyard) ... when elevated 85 was built it cut thru the bldg. 28 back parking lot. bldg 28 had a seismic retrofit ... basically a new bldg. built around the outside exterior of the old bldg. ... designed to "hold up" the old bldg (in case of earthquake).
not a very good airal picture ... the "gigantic, new" (mid-80s) bldg.
50 is in the mid-center foreground:
http://www.ajnordley.com/IBM/Air/SSD/index.html
bldg. 28 is in the upper right corner of cottle rd & 85 intersection
(aka no satellite image)
http://maps.google.com/maps?f=q&output=html&hl=en&q=5600+Cottle+Rd.+San+Jose,+CA+95193&zoom=3
first thing i thot of was that it was bldg. 10(?), one story wood structure to the left of main gate
now i'm having trouble placing which was bldg. 25.
bldg. 12 was hdqtrs straight ahead thru the main gate (and also got a new shell in seismic retrofit).
bldg. 26 was large one story warehouse like bldg that back along cottle rd ... and was mostly large glasshouse datacenter.
i also did a lot of work in bldg 14 & 15 (in row with bldg. 12), disk
engineering & disk product test lab. ... to the east & north of
bldg. 28
https://www.garlic.com/~lynn/subtopic.html#disk
most recent google satellite map shows bldg. 12, 26, 28 ... all leveled. bldg 14, 15, & 50 are still standing.
lunchroom (bldg ???) behind bldg. 12 is still standing.
i.e.
http://maps.google.com/maps?hl=en&tab=wl
and enter 5600 Cottle Rd, San Jose, Ca.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Historic IBM Building 25 in San Jose destroyed by fire Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 13:03:23Anne & Lynn Wheeler <lynn@garlic.com> writes:
looking at the (google map) satellite photo ... with all the other 02x bldgs. bulldozed ... the remaining bldg. in the 02x line along cottle is the one story wooden bldg. complex at the north of the area along the railroad tracks.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: confluence of virtualization and trusted computing Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 14:29:46Secret sharers gain security, time; General Dynamics, IBM build NSA program that facilitates dissemination of classified data
from above:
The high-assurance platform began in 1999 when NSA's research unit, the
National Information Assurance Research Laboratory, created the NetTop
program to test whether virtualization could enable the agency to host
several secure domains on a single computer.
... snip ...
and
The Trusted Computing Group (TCG), a consortium of almost 200 IT vendors,
is also working with the two prime contractors and the agency to ensure
that the program meets all regulations and intelligence community
requirements.
... snip ...
in some long past visit to the cryptological museum
http://www.nsa.gov/museum/
http://www.nsa.gov/about/cryptologic_heritage/museum/
i had talked them into letting me have a copy of the MISSI (multi-level security) video tape they played ... i told them i wanted to make a parody of it.
misc. recent posts mentioning trusted computing (and/or giving talk on
assurance at trusted computing track at IDF) and/or virtualization:
https://www.garlic.com/~lynn/2008.html#18 Remembering the Cray-1
https://www.garlic.com/~lynn/2008.html#30 hacked TOPS-10 monitors
https://www.garlic.com/~lynn/2008.html#41 IT managers stymied by limits of x86 virtualization
https://www.garlic.com/~lynn/2008.html#50 IT managers stymied by limits of x86 virtualization
https://www.garlic.com/~lynn/2008.html#59 old internal network references
https://www.garlic.com/~lynn/2008.html#74 Virtualization Wave
https://www.garlic.com/~lynn/2008b.html#3 on-demand computing
https://www.garlic.com/~lynn/2008b.html#8 on-demand computing
https://www.garlic.com/~lynn/2008b.html#39 folklore indeed
https://www.garlic.com/~lynn/2008b.html#43 IT managers stymied by limits of x86 virtualization
https://www.garlic.com/~lynn/2008c.html#0 folklore indeed
https://www.garlic.com/~lynn/2008c.html#4 folklore indeed
https://www.garlic.com/~lynn/2008c.html#28 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008c.html#61 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#13 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#15 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#16 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#17 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#19 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#20 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#23 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#43 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#44 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#59 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#60 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#91 z10 presentation on 26 Feb
https://www.garlic.com/~lynn/2008e.html#10 Kernels
https://www.garlic.com/~lynn/2008e.html#30 VMware signs deal to embed software in HP servers
https://www.garlic.com/~lynn/2008e.html#57 Any benefit to programming a RISC processor by hand?
https://www.garlic.com/~lynn/2008e.html#76 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 16:34:58re:
not as big an exposure as UBS ... but some discussion of toxic CDO
write-downs:
http://money.cnn.com/2008/02/14/news/companies/mclean_rbs.fortune/index.htm?postversion=2008021507
from above:
RBS said that net of hedges and writedowns, it had GBP 1.1 billion (or
roughly $2.2 billion) of high grade CDOs containing commercial loan
collateral, prime and subprime mortgage collateral, as well as GBP 1.3
billion (or roughly $2.6 billion) of exposure to "mezzanine CDOs based
predominantly on residential mortgage collateral." RBS marked the high
grade CDOs at 90% of face value, and the mezzanine CDOs at 70% of face
value, citing "outputs from our proprietary model, market data, and
prudent valuation adjustments."
Only RBS knows exactly what securities it owns, and the market price can
vary dramatically. But a source on a Wall Street trading desk (who is
not commenting on RBS specifically), says that in general, the
high-grade CDOs are worth between 35 cents on the dollar and 75 cents on
the dollar, and the mezzanine CDOs are worth between 10 cents to 50
cents on the dollar. That would imply substantial addition writedowns
for RBS.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: EPIC, Ending Piracy of Integrated Circuits Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 17:54:31re:
other aspect of copy-chips
Counterfeit Chips Raise New Terror, Hacking Fears
http://it.slashdot.org/it/08/03/10/1855201.shtml
Could Cheap Chinese Electronics Come to an End?
http://www.popularmechanics.com/technology/industry/4253919.html
Counterfeit Chips Raise Big Hacking, Terror Threats, Experts Say
http://www.popularmechanics.com/technology/industry/4253628.html
from above:
Individuals, companies and federal agencies could all be at risk from
foreign governments or criminal enterprises. A computer chip built with
a subtle error might allow an identity-theft ring to hack past the
encryption used to connect customers with their banks. Flash memory
hidden inside a corporation's networked printers could save an image
file of every document it printed, then send out the information. In a
disturbing national-security scenario, overseas agents might be able to
hard-wire instructions to bring down a Department of Defense system on a
predetermined date or in response to an external trigger. In the time it
took to bring the systems back online, a military assault could be
underway.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Historic IBM Building 25 in San Jose destroyed by fire Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 20:10:35Peter Flass <Peter_Flass@Yahoo.com> writes:
here is 025 at top left corner of the satellite image with lots of
other plant site bldgs/stuff bulldozed
http://maps.google.com/maps?f=q&hl=en&geocode=&q=5600+Cottle+Rd,+San+Jose,+Ca.&sll=37.242253,-121.804583&sspn=0.015152,0.010128&ie=UTF8&ll=37.24748,-121.800249&spn=0.015151,0.010128&t=k&z=16
satellite image zoom in on 025 ... including the covered walkway from the
preservation background photo:
http://maps.google.com/maps?f=q&hl=en&geocode=&q=5600+Cottle+Rd,+San+Jose,+Ca.&sll=37.242253,-121.804583&sspn=0.015152,0.010128&ie=UTF8&ll=37.252764,-121.802128&spn=0.000947,0.000633&t=k&z=20
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: confluence of virtualization and trusted computing Newsgroups: alt.folklore.computers Date: Mon, 10 Mar 2008 21:26:57Eric Sosman <esosman@ieee-dot-org.invalid> writes:
a few past references to giving a talk at trusted computing track at
past intel developer's forum ... and quiping to the guy running the
committee (in the front row) that it was interesting to see that the
tpm had started to look more & more like the aads chip strawman
over the previous couple of yrs. he quipped back that i didn't have a
committee of 200 people helping me with the design.
https://www.garlic.com/~lynn/aadsm18.htm#48 Dell to Add Security Chip to PCs
https://www.garlic.com/~lynn/aadsm22.htm#41 FraudWatch - Chip&Pin, a new tenner (USD10)
https://www.garlic.com/~lynn/aadsm23.htm#56 UK Detects Chip-And-PIN Security Flaw
https://www.garlic.com/~lynn/aadsm28.htm#12 #4.2 Simplicity is Inversely Proportional to the Number of Designers
https://www.garlic.com/~lynn/2007l.html#42 My Dream PC -- Chip-Based
https://www.garlic.com/~lynn/2007q.html#36 what does xp do when system is copying
https://www.garlic.com/~lynn/2008e.html#57 Any benefit to programming a RISC processor by hand?
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Object-relational impedence Newsgroups: comp.databases.theory,comp.object,alt.folklore.computers Date: Mon, 10 Mar 2008 22:02:57"David Cressey" <cressey73@verizon.net> writes:
the science center (4th flr of 545 tech sq)
https://www.garlic.com/~lynn/subtopic.html#545tech
ported apl\360 to cp67/cms ... and had to rework the garbage collection. typical apl\360 workspace was 16kbyte-32kbyte real storage ... and whole workspace was always swapped as single unit.
cms allowed for multiple mbyte (virtual memory, paged) workspaces
... and the apl\360 garbage collection implementation resulted in severe
page thrashing ... which had to be redone for virtual memory environment
before release of cms\apl.
https://www.garlic.com/~lynn/subtopic.html#hone
part of work on apl virtual memory garbage collection used some application monitoring and modeling tools also done at the science center ... which was eventually released as vs/repack product in the mid-70s (included semi-automated program reorganization for virtual memory operation).
vs/repack technology was used by a number of internal product groups (including various dbms like IMS) as part of transition from real storage to virtual storage environment.
the follow-on to cp67, vm370 was used (originally on 370/145 in bldg. 28) for
the original relational/sql implementation, system/r
https://www.garlic.com/~lynn/submain.html#systemr
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Panic in Multicore Land Newsgroups: alt.folklore.computers Date: Tue, 11 Mar 2008 07:51:25Panic in Multicore Land
above article mentions adapting moore's doubling every 18months from processor speed to number of cores (as way of increasing computing power)
misc past posts mentioning multiprocessors and/or invention of
compare&swap instruction for supporting multiprocessor/multithreaded
operaton
https://www.garlic.com/~lynn/subtopic.html#smp
misc. recent posts mentioning multi-core:
https://www.garlic.com/~lynn/2008b.html#0 on-demand computing
https://www.garlic.com/~lynn/2008b.html#3 on-demand computing
https://www.garlic.com/~lynn/2008b.html#35 Tap and faucet and spellcheckers
https://www.garlic.com/~lynn/2008c.html#83 CPU time differences for the same job
https://www.garlic.com/~lynn/2008d.html#81 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#89 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#90 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008e.html#26 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008e.html#79 Any benefit to programming a RISC processor by hand?
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Stalin, Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Tue, 11 Mar 2008 08:40:01lawrence claimed that extremism was a constant reoccurring theme ... possibly on century intervals. a few past references:
most recent scenario is the level of financial resources, planning, and sophistication.
possibly cite the difference between armed bank robberies and cybercrime
... a factor of 10,000 / four orders of magnitude ... recent reference:
https://www.garlic.com/~lynn/2008f.html#25 independent appaisers
https://www.garlic.com/~lynn/2008f.html#26 independent appaisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Can electronic signature bring us non-repudiation and authenticity? Newsgroups: sci.crypt Date: Wed, 12 Mar 2008 12:42:46tenxian <hi.steven.tu@gmail.com> writes:
there is distinction between "electronic signature" and "digital signature".
after we were brought in to help wordsmith cal. state electronic
signature legislation (and then similar federal legislation) ... we
would observe that possibly there was enormous semantic confusion
stemming from both "digital signature" and "human signature" containing
the word "signature". misc. past posts
https://www.garlic.com/~lynn/subpubkey.html#signature
posts in old thread in this n.g. mentioning non-repudiation:
https://www.garlic.com/~lynn/2001c.html#30 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#34 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#39 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#40 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#41 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#42 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#43 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#44 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#45 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#46 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#47 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#50 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#51 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#52 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#54 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#56 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#57 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#58 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#59 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#60 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#72 PKI and Non-repudiation practicalities
https://www.garlic.com/~lynn/2001c.html#73 PKI and Non-repudiation practicalities
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM sees decline in number of U.S IT pros, boom in China Newsgroups: bit.listserv.ibm-main Date: Wed, 12 Mar 2008 14:11:13IBM sees decline in number of U.S IT pros, boom in China
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: US aerospace and defense sector braces for potential brain drain as Cold War workers retire Newsgroups: alt.folklore.computers Date: Wed, 12 Mar 2008 14:43:44kkt <kkt@zipcon.net> writes:
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Panic in Multicore Land Newsgroups: alt.folklore.computers Date: Thu, 13 Mar 2008 10:50:45Quadibloc <jsavard@ecn.ab.ca> writes:
Microsoft's Top Visionary Sees A Parallel World; Craig Mundie,
Microsoft's chief research and strategy officer, is sure he has a good
handle on where technology is going. When is another story.
http://www.informationweek.com/news/showArticle.jhtml?articleID=206903390
from above:
Mundie, who took over as Microsoft's lead visionary from co-founder Bill
Gates in 2006, is preparing the company for a technology shift that he
expects will be as big as the rise of the personal computer or the
Internet: parallel computing.
... snip ...
past ref:
https://www.garlic.com/~lynn/2008d.html#90 Berkeley researcher describes parallel path
post from last year mentioning older thread on the subject
https://www.garlic.com/~lynn/2007i.html#78 John W. Backus, 82, Fortran developer, dies
also referenced in the post:
Microsoft super sizes multi-threaded tripe:
http://www.theregister.co.uk/2007/05/01/mundie_mundie/
from above:
Microsoft, to its credit, has multi-threaded the calculations in Office
Excel 2007. But that's about where the credit ends.
Intel and AMD executives fail to hide their disappointment with
Microsoft well on the multi-threaded software front.
During a speech last June, Intel SVP Pat Gelsinger said the following:
"A couple of years ago, I had a discussion with Bill Gates (about the
multi-core products). He was just in disbelief. He said, 'We can't write
software to keep up with that.'"
Gates ordered the Intel executive to keep pumping out faster product.
"No, Bill, it's not going to work that way," Gelsinger informed him.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Thu, 13 Mar 2008 13:10:51tv business channel just ran story about possibly bringing reed back in to clean up situation at citibank
they mentioned that reed never liked investment banking ... however he was replaced in the citibank takeover. followup/update says that reed is currently consulting for free to citibank.
reed wiki article
https://en.wikipedia.org/wiki/John_S._Reed
the above mentions takeover of citibank occurred after repeal
Glass-Steagall. however the pbs program mentioned in this post
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
says that repeal of Glass-Steagall (eliminating separation of commercial and investment banking) didn't happen until after the takeover of citibank.
monday had lots of news about innovative approach federal reserve
taking to trying to contain the toxic CDO mess ...
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
aka traditional approach changing prime rate wasn't having much effect; even tho much of problem went on outside of federal reserve regulatory authority ... banks & others, clearing mortgages as securitized instruments thru wallstreet and then being brought back in on the investment banking side ... and something that wouldn't have affected banks while Glass-Steagall was in effect (keeping commercial banks and investment banking separate).
other posts mentioning repeal of Glass-Steagall:
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A new mathematical object was revealed yesterday Newsgroups: alt.folklore.computers Date: Thu, 13 Mar 2008 13:45:18Glimpses Of A New (mathematical) World
from above:
Two researchers from the University of Bristol exhibited the first
example of a third degree transcendental L-function. These L-functions
encode deep underlying connections between many different areas of
mathematics.
The news caused excitement at the AIM workshop attended by 25 of the
world's leading analytic number theorists. The work is a joint project
between Ce Bian and his adviser, Andrew Booker. Booker commented that,
"This work was made possible by a combination of theoretical advances
and the power of modern computers." During his lecture, Bian reported
that it took approximately 10,000 hours of computer time to produce his
initial results.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Thu, 13 Mar 2008 17:05:08China overtakes U.S. as top Web market
from above:
China has surpassed the United States to become the world's largest
Internet market by number of users, a research firm said on
Thursday. The estimate by Beijing-based BDA was based on data from China
Internet Network Information Center, which indicated that the country's
Internet users totaled 210 million at the end of 2007. Nielsen/NetRatings
put the United States Web population at 216 million for the same period,
BDA said.
... snip ...
misc. past posts:
https://www.garlic.com/~lynn/2007g.html#6 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#7 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#34 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#35 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#52 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#57 IBM to the PCM market(the sky is falling!!!the sky is falling!!)
https://www.garlic.com/~lynn/2007g.html#68 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007h.html#42 Experts: Education key to U.S. competitiveness
https://www.garlic.com/~lynn/2007i.html#13 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007l.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007o.html#20 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007o.html#21 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007o.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#15 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#18 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#21 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#23 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#31 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#32 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#39 India is outsourcing jobs as well
https://www.garlic.com/~lynn/2007r.html#33 Students mostly not ready for math, science college courses
https://www.garlic.com/~lynn/2007r.html#36 Students mostly not ready for math, science college courses
https://www.garlic.com/~lynn/2007r.html#70 Latest OECD broadband data puts US in middle of the pack on speed, price
https://www.garlic.com/~lynn/2007s.html#32 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007s.html#67 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#2 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#13 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#15 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#18 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#31 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#35 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#43 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#28 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#39 competitiveness
https://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#62 competitiveness
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#68 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#73 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#84 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#87 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008b.html#6 Science and Engineering Indicators 2008
https://www.garlic.com/~lynn/2008b.html#78 Move over US -- China to be new driver of world's economy and innovation
https://www.garlic.com/~lynn/2008c.html#22 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#46 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#56 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008d.html#40 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008d.html#86 U.S. Science Funding Hits a Political Wall
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#71 US aerospace and defense sector braces for potential brain drain as Cold War workers retire
https://www.garlic.com/~lynn/2008f.html#22 Study Finds Sharp Math, Science Skills Help Expand Economy
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Fri, 14 Mar 2008 00:54:50recent toxic CDO casualty with some computer folklore connection:
this older reference with some references from Fergus/Morris book
discussing corporate culture
https://www.garlic.com/~lynn/2001f.html#33
there have been some claims that part of the IBM turn around was done
by moving the employee pension plan from liability column to the asset
column (possibly making it vulnerable to creditors in any sort of down
turn or trouble) ... past ref:
https://www.garlic.com/~lynn/2007j.html#22 IBM Unionization
other Carlyle references:
Carlyle fails in Negotiations, Banks may seize Assets
http://www.whitehouse.gov/omb/memoranda/fy2006/m06-16.pdf
Carlyle Capital Stock Plunges On Bank Seizures
http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080313\ACQRTT200803131629RTTRADERUSEQUITY_1372.htm&&mypage=newsheadlines&title=Carlyle%20Capital%20Stock%20Plunges%20On%20Bank%20Seizures
Anatomy of a Carlyle Collapse
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR2008031303927.html?hpid=topnews
Markets volatile as Carlyle fund fails
http://www.iht.com/articles/2008/03/13/business/markets.php
European Stocks End Dn On Carlyle News
http://biznes.onet.pl/5,1710243,wiadomosci.html
and
Lex - Carlyle Capital
http://www.ft.com/cms/s/1/1a9b21cc-f169-11dc-a91a-0000779fd2ac.html
from above:
What is shocking is that Carlyle Capital has been done in by wobbles
in agency triple-A mortgage-backed securities, the only assets in its
portfolio, the fund said yesterday.
... snip ...
other recent toxic CDO postings:
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
earlier post
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
with reference to PBS program on Glass-Steagall repeal
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
another quote from above:
On Oct. 21, with the House-Senate conference committee deadlocked
after marathon negotiations, the main sticking point is partisan
bickering over the bill's effect on the Community Reinvestment Act,
which sets rules for lending to poor communities. Sandy Weill calls
President Clinton in the evening to try to break the deadlock after
Senator Phil Gramm, chairman of the Banking Committee, warned
Citigroup lobbyist Roger Levy that Weill has to get White House moving
on the bill or he would shut down the House-Senate conference.
... snip ...
gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
private equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: WWII Newsgroups: alt.folklore.computers Date: Fri, 14 Mar 2008 11:38:46for other topic drift ... the navy in china ... SACO
Anne has vague memories of references to Billy & Mary (Miles) from her childhood in China ... and possibly that Billy may have been one of the wives with them on the Repose in Tsingtao,
misc. past posts mentioning her & her mother living on the Repose in
Tsingtao harbor for 3 months:
https://www.garlic.com/~lynn/2005r.html#3 The 8008
https://www.garlic.com/~lynn/2006b.html#27 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006b.html#33 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006c.html#27 Mount DASD as read-only
https://www.garlic.com/~lynn/2006s.html#44 Universal constants
https://www.garlic.com/~lynn/2007j.html#86 IBM Unionization
from SACO bibliography
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Wintel, Universities Team On Parallel Programming Newsgroups: alt.folklore.computers Date: Fri, 14 Mar 2008 22:08:15re:
Wintel, Universities Team On Parallel Programming
http://developers.slashdot.org/developers/08/03/14/1534227.shtml
Wintel will fund parallel software lab at Berkeley
http://www.eetimes.com/showArticle.jhtml?articleID=206503988
Researchers ready system to explore parallel computing
http://www.eetimes.com/showArticle.jhtml?articleID=206903492
from above:
The so-called Berkeley Emulation Engine version 3 (BEE3) aims to help
researchers quickly prototype processors with hundreds or thousands of
cores and try out new ways of programming them. Launched as a project
by the University of California at Berkeley, the latest version was
designed as a commercially available system with significant help from
Microsoft Research.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: How do OTP tokens work? Newsgroups: comp.security.unix Date: Sat, 15 Mar 2008 13:41:07Nick Owen <owen.nick@gmail.com> writes:
OTP tokens tend to have an orientation somewhat similar to
passwords. From kindergarten, security 101, institutions tend to require
a unique shared-secret (that are impossible to remember and change every
couple weeks) for every unique security domain ... as a countermeasure
to cross-domain attacks (say local garage ISP and large corporate
employer or financial institution).
https://www.garlic.com/~lynn/subintegrity.html#secrets
OTP tokens tend to be similarly limited ... effectively institutional-centric ... if they were ever to really catch one, a person would have to carry as many OTP tokens (one for every unique security domain) as they currently require (shared-secret) passwords (large scores of such tokens). This is one of the seductive problems that most CSOs don't consider when specifying institutional-centric authentication solution (whether password-based or token-based).
from 3-factor authentication paradigm
https://www.garlic.com/~lynn/subintegrity.html#3factor
• something you have
• something you know
• something you are
... multi-factor authentication is nominally assumed to be more secure
based on independent threats/attacks.
one of the problems is that there has been an increasing number of attacks involving compromised end-points. most of the existing authentication implementations (including SSL, VPNs, etc) are focused around session operations (independent of the authentication mechanism) as countermeasure to stuff like evesdropping threats; the issue is that they don't provide any sort of countermeasure to end-point compromises ... this was something identified well over a decade ago for home computers using various VPN operations into corporate networks
recent thread on spate of threats/vulnerabilities specifically focused
on end-point compromises for attacking home banking operations (that
rely on session-based authentication operations)
https://www.garlic.com/~lynn/aadsm28.htm#41 Trojan with Everything, To Go!
https://www.garlic.com/~lynn/aadsm28.htm#42 Trojan with Everything, To Go!
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Toyota's Value Innovation: The Art of Tension Newsgroups: alt.folklore.computers Date: Sat, 15 Mar 2008 15:11:41Toyota's Value Innovation: The Art of Tension
above recent blog entry reference in this Boyd-related post from last week:
Can Boyd be implemented?
http://www.chetrichards.com/c2w/2008/03/13/can-boyd-be-implemented/
some past posts mentioning Boyd
https://www.garlic.com/~lynn/subboyd.html#boyd
and misc URLs from around the web mentioning Boyd
https://www.garlic.com/~lynn/subboyd.html#boyd2
recent reference to GM $39b loss and likely significant cutbacks:
https://www.garlic.com/~lynn/2008d.html#22 Toyota Beats GM in Global Production
recent Toyota thread (and/or posts mentioning US automobile C4 effort):
https://www.garlic.com/~lynn/2008.html#28 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#48 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#80 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#84 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#86 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#56 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#59 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#75 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#76 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#1 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#5 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#6 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#7 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#8 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#12 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#13 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#14 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#16 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#17 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#19 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#20 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#22 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#25 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#44 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#46 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#56 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#63 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#66 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#68 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#69 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#71 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#89 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#90 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#91 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#0 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#4 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#5 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#7 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#9 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#10 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#26 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#30 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#31 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#31 IBM announced z10 ..why so fast...any problem on z 9
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 15 Mar 2008 16:02:55Anne & Lynn Wheeler <lynn@garlic.com> writes:
another aspect of UBS and toxic CDOs:
UBS 'dumped' toxic securities on bank
http://www.independent.co.uk/news/business/news/ubs-dumped-toxic-securities-on-bank-788018.html
from above:
The German regional bank HSH Nordbank made the allegation in a lawsuit
yesterday, which claimed it had lost at least $275m in a fraudulent
mortgage-derivatives scheme cooked up by UBS in 2002.
From the start of the investment, whose complex structure netted UBS a
$120m profit on day one, to its ignominious collapse in value when the
credit crisis began last summer, UBS had put its own interests over
those of HSH, it was claimed.
... snip ...
UBS Hit by Another Lawsuit
http://www.businessweek.com/globalbiz/content/jan2008/gb20080124_769729.htm?chan=top+news_top+news+index_top+story
from above:
Swiss bank UBS, already smarting from one investor lawsuit, is facing
allegations from a hedge fund that it marketed securities as investment
grade that the bank knew were destined for junk status. Pursuit
Partners, a Stamford (Conn.)-based hedge fund, claims in a Mar. 5
lawsuit that it bought collateralized debt obligations, or CDOs, from
UBS last year based on "fraudulent concealment" of material information.
... snip ...
also from above:
The changes at Moody's involved how the CDOs were valued. Under the
company's previous formula, the securities were priced at current market
prices. But as the market for securitized subprime mortgages collapsed
and ratings agencies faced criticism over how they had rated CDOs,
Moody's elected to change to a market-based formula, one focused on
where prices were heading, rather than on current prices. That change
would result in the immediate drop of supposedly safe mortgage-backed
securities into the realm of junk.
... snip ...
other recent toxic CDO posts:
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
older posts mentioning toxic CDO analytics:
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
sporadically cited post from decade ago mentioning issues with mortgage
securitization:
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
another recent article mentioning toxic CDO analytics:
http://www.fool.com/investing/general/2008/02/14/swaps-sink-aig.aspx
from above:
AIG's (NYSE: AIG) announcement that it had "material weaknesses" in its
accounting for credit default swaps on collateralized debt obligations
(CDOs) is like yelling "Fire!" in a crowded theater -- you can be
certain there will be mass panic. The stampede for the exits left the
stock at a five-year low. Let's take a closer look.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sat, 15 Mar 2008 20:17:39greymaus <greymausg@mail.com> writes:
others are at it also
Banks sell risky portions of CDOs to public pension funds
http://www.iht.com/articles/2007/06/03/bloomberg/bxcdo.php
Banks Sell 'Toxic Waste' CDOs to Calpers, Texas Teachers Fund
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=aW5vEJn3LpVw
from above:
The California Public Employees' Retirement System, the nation's largest
public pension fund, has invested $140 million in such unrated CDO
portions, according to data Calpers provided in response to a public
records request. Citigroup Inc., the largest U.S. bank, sold the
tranches to Calpers.
... snip ...
somewhat older:
Barclays 'toxic waste' row with German bank settled
http://www.guardian.co.uk/business/2005/feb/15/8
more recent:
Leveraged debt and the current debt crisis (In the shadows of an
Unregulated Market)
http://polizeros.com/tag/cdo/
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Sun, 16 Mar 2008 11:07:40Anne & Lynn Wheeler <lynn@garlic.com> writes:
above attempts to explain that investmenting banks, carlyle, et al,
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
... weren't looking at 300percent roi ... previous post referring to
speculators:
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
but talking about 30times leverage.
there is some crash of 29 description, in part happening because of excessive margin investing ... with as little as 20percent ... drop of 20percent in price wipes the investor out (and any bigger drop requires additional money from the investor). one of the rule changes (besides Glass-Steagall) was requiring minimum of 80percent (attempt to put brakes on enormous speculation and corresponding inflation).
the referenced webpage shows a graph (originally from a nyt's article) that this 30times leveraging market started at zero in 2000 and hit 45trillion start of this year. The cycle of buying toxic CDOs, using it as collaterial to borrow and buy additional toxic CDOs ... and repeated 30times ... implies that the investment banks possibly put in only 1.5trillion leveraged 30times to 45trillion. that implies only 3percent ... the margin speculation corollary is that a 3percent drop totally wipes all of them out. The graph shows this 45trillion totally swamping the combined value of US stock market, mortgage security market, and the US treasuries market.
from the article:
The alphabet soup seems thick and opaque, but don't let the jargon
confuse you. Here is the crucial point: almost all of these "securities"
were unfunded debt, i.e. money equivalents created from thin air. All
they did was to generate more and more "buying power" to boost asset
prices higher, from houses in the Inland Empire of California to share
prices in New York, London and Shanghai. In case it is still unclear: it
was margin debt.
... snip ...
and ...
In other words, this entire pyramid of bizarre financial instruments was
created and paid for with borrowed money. A hedge fund borrows ten
million to create CDOs, which they then use as collateral to borrow more
money to create even more debt instruments. Some hedge funds and
investments can be leveraged 30 to 1 or more on this. That means they've
bought $30 worth of securities on credit for every actual dollar they
have. So, just a few mild breezes could easily knock such a house of
cards down. Especially when some of what they bought is now worthless or
selling for pennies on the dollar assuming a buyer could be found.
... snip ...
it somewhat makes the societe generale broker appear to be cheap piker
https://www.garlic.com/~lynn/2008c.html#44 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#26 Toyota Sales for 2007 May Surpass GM
article from last sept.
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
from above:
Here's how it worked: In olden days, like 10 years ago, banks wrote and
funded their own loans. In the new game, Das points out, banks
"originate" loans, "warehouse" them on their balance sheet for a brief
time, then "distribute" them to investors by packaging them into
derivatives called collateralized debt obligations, or CDOs, and similar
instruments. In this scheme, banks don't need to tie up as much capital,
so they can put more money out on loan.
... snip ...
and ...
Turning $1 into $20
The liquidity factory was self-perpetuating and seemingly unstoppable.
As assets bought with borrowed money rose in value, players could borrow
more money against them, and it thus seemed logical to borrow even more
to increase returns. Bankers figured out how to strip money out of
existing assets to do so, much as a homeowner might strip equity from
his house to buy another house.
These triple-borrowed assets were then in turn increasingly used as
collateral for commercial paper -- the short-term borrowings of banks
and corporations -- which was purchased by supposedly low-risk money
market funds.
... snip ...
and ...
CDOs were first widely used back in the late 1980s by Drexel Burnham
Lambert junk-bond king Michael Milken to sell off damaged and previously
unsellable debt in a way that was more palatable to customers.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: How do OTP tokens work? Newsgroups: comp.security.unix Date: Sun, 16 Mar 2008 12:05:23Anne & Lynn Wheeler <lynn@garlic.com> writes:
in general, unique values on each authentication are countermeasures to replay attacks .... frequently when there are evesdropping, skimming, harvesting, etc vulnerabilities.
unique transmitted values can be based on a secret shared between the two end-points ... in which case, they still come under various shared-secret guidelines (like unique shared-secret for different, unique security domains). An institutional orientation frequently is that there is one and only one such relationship for a person ... and the institution can make it as difficult and onerous as possible ... since they are the only one (whether it is frequently changed, impossible to remember passwords or tokens that have to be carried, aka it is possible for both something you know and something you have authentication mechanisms to be based on underlying shared-secret).
as the electronic institutional relationships have proliferated ... the proliferating shared-secret based paradigm has become onerous for individuals (whether the shared-secrets are expressed as static information or implemented with some sort of unique value each time).
person-centric paradigm would allow an individual to use some common authentication mechanism across the rapidly proliferating institutional relationships (and significantly mitigate the increasingly onerous load being placed on individuals by institutional centric approaches).
a likely institutional-centric transition to token infrastructure would start to substitute a token for each of the large scores of passwords that an individuals currently have to deal with. this would be akin to individuals that walk around with 30-40 keys on large ring tethered to their side (only possibly much worse, instead of a few scores of physical keys ... there could be several times that number of tokens).
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: WWII Newsgroups: alt.folklore.computers Date: Sun, 16 Mar 2008 13:25:18Anne & Lynn Wheeler <lynn@garlic.com> writes:
Anne had autographed copy that had been lent out ... took a little bit of work to track down who had it ... hopefully will have it back soon.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Mon, 17 Mar 2008 06:02:00jsavard@excxn.aNOSPAMb.cdn.invalid (John Savard) writes:
things may be changing significantly faster than some projections
looking for world petroleum production & consumption ... here is table
for 2001
http://www.scaruffi.com/politics/oil.html
with US at 20 million barrels/day, followed by japan (5.4mb/d) and china (4.9mb/d). Article also says for 1981 to 2001, avg world oil consumption remained constant at 4.47barrel per capita (even though US avg. is significantly higher than most of the rest of the world).
most of the web references seem to be fairly consistent that there is a few decades left of oil ... with various scenarios regarding rate of consumption increase vis-a-vis new finds.
this
http://www.eia.doe.gov/oiaf/ieo/pdf/ieohecon.pdf
is international energy outlook 2007 ... for 1990-2030 ... total energy (not just petroleum).
However, this article from last week says that China spending on crude
oil imports increased by 35 times between 1999 and now:
http://www.economist.com/opinion/displaystory.cfm?story_id=10853534
which seems to be greater than this summary from last year:
http://www.eia.doe.gov/oiaf/ieo/highlights.html
This article (also from last week) says that projected China's increase
in CO2 emissions (tied to energy consumption) had been between 2.5 to 5
percent per annum while new data indicates that it is at least 11percent
http://www.berkeley.edu/news/media/releases/2008/03/10_chinaco2.shtml
This article from last nov
Warning on Impact of China and India Oil Demand
http://www.nytimes.com/2007/11/07/business/07cnd-energy.html
says that over the last two years, China and India accounted for 70percent of the world's increase in energy demand.
But it seems that use of energy (and presumably corresponding economic growth) has increased significantly more over the past couple years than previously projected.
This article says that 1995 to 2005 that there was compound annual
growth in diesel use of 11percent:
http://www.chinagushan.com/en/marketandregulations/energy.htm
and
China's Future in an Energy-Constrained World:
http://earthtrends.wri.org/updates/node/274
from above:
In the last quarter century, China's breakneck economic growth has
lifted over 50 million people out of poverty and tripled energy
demand. Experts predict that China will surpass the United States to
become the world's largest consumer of energy and fossil fuels soon
after 2010. And because of its heavy reliance on coal, China already
emits more carbon dioxide than any country on earth.
... snip ...
The above also has table showing 2005 avg per capita energy demand (oil tons equivalent)
US 7.8 Russia 4.49 Japan 4.15 EU 4.12 China 1.31 India .47there also is a graph showing total country energy demand 1971-2005 and China's total energy demand has sharp uptick from 2003 and 2005 (approaching 50percent). If that slope has continued, China's total energy demand may have already exceeded the US.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: independent appraisers Newsgroups: alt.folklore.computers Date: Mon, 17 Mar 2008 12:20:25Anne & Lynn Wheeler <lynn@garlic.com> writes:
the old standby post from a decade ago
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
talks about information security providing transparency for securitized
mortgages (CDOs) ... so that there isn't so much obfuscation (and things
like triple-A ratings happening) ... more recent reference
https://www.garlic.com/~lynn/2007q.html#41 Newsweek article--baby boomers and computers
and recent post mentioning analytics:
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
as to what happened starting late friday:
Bear Stearns: A timeline
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/17/bcntime117.xml
news today repeated that Bear Stearns (and many of their customers) had leverage of 30:1 in this market (and as high of 44:1 leverage last summer, subsequently brought down to 30:1) ... aka implies a 3percent drop in value totally wipes them out ... something, at a minimum, happening with triple-A rating being lost.
two things going on ...
significant over valuation (like triple-A rating for CDOs that subsequently were significantly downrated)
30:1 leverage ... 3percent downturn wipes out the investment (contrast to the aftermath of 29 when "leverage" requirements were increased from 20percent to 80percent)
...
Other numbers claim that there is a total valuation of $45trillion
(possibly only $1.5trillion cash at 30:1 leverage?) in this market
... so $30b federal bail-out at bear stearns would represent only a drop
in the bucket.
http://polizeros.com/tag/cdo
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 09:53:21Morten Reistad <first@last.name> writes:
my wife's mother told of attending dinners with the general and his wife
in nanking ... recent reference to living in china:
https://www.garlic.com/~lynn/2008f.html#47 WWII
https://www.garlic.com/~lynn/2008f.html#55 WWII
they were airlifted out of the city in army cargo plane on 3hrs notice when the city was ringed.
past post mentioning the general's wife and her sisters ... one
loved money, one loved power, one loved china ...
https://www.garlic.com/~lynn/2004e.html#19 Message To America's Students: The War, The Draft, Your Future
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 10:07:17Morten Reistad <first@last.name> writes:
total country consumption may have already happened (possibly more recent trends) or will have happened "shortly after 2010" (older analysis). per capita projections seem to only happen assuming "if the energy is available" (aka new sources replace current common sources that are rapidly being depleated and for which there is increasing competition)
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 11:55:13Walter Bushell <proto@xxx.com> writes:
large industrial plants can be very energy inefficient ... wide varieity of items go into aggregate country energy use. per capita energy use is taken as aggregate country energy use divided by population. it doesn't require that any of the actual aggregate energy use contributes to individual standard of living. one could conjecture scenarios where nearly none of a country's aggregate energy use (or at least that commonly measured) contributes to individual standard of living.
another measure is country aggregate GDP ... and its per capita value (GDP divided by population) ... however, what is the actual distribution and/or what percentage is actually owned by foreign interests. for the most part, most of US exports have been by US organizations (and not by foreign corporations depleting resources). A lot of past "colonization" (and/or other similar activity) in the world has purely been for foreign interests.
some of this might also be taken from the view of globalization and transition to knowledge-based economy (from industrial and/or agriculture) ... where earlier ages, wealth (and/or standard of living) was much more directly correlated to natural resources and energy consumption.
wiki GDP
https://en.wikipedia.org/wiki/Gross_Domestic_Product
from above:
The major disadvantage of using GDP as an indicator of standard of
living is that it is not, strictly speaking, a measure of standard of
living. GDP is intended to be a measure of particular types of economic
activity within a country. Nothing about the definition of GDP suggests
that it is necessarily a measure of standard of living. For instance, in
an extreme example, a country which exported 100 per cent of its
production and imported nothing would still have a high GDP, but a very
poor standard of living.
... snip ...
an example of problems with GDP measures is that food stuffs produced by local labor for local consumption doesn't show up as GDP. There can be a scenario where people have an extremely healthy diet ... but modern influences won't account for it unless the food is sold to large conglomerate and then bought back.
One could claim that much of standard of living (and wealth) in Japan
has little to do with native natural resources (other than knowledge and
skills) ... recent threads touching on competitiveness in modern global
economy:
https://www.garlic.com/~lynn/2008.html#28 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#39 competitiveness
https://www.garlic.com/~lynn/2008.html#48 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#62 competitiveness
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#68 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#73 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#80 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#84 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#86 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008.html#87 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008b.html#6 Science and Engineering Indicators 2008
https://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#56 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#59 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#75 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#76 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#78 Move over US -- China to be new driver of world's economy and innovation
https://www.garlic.com/~lynn/2008c.html#1 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#5 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#6 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#7 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#8 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#12 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#13 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#14 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#16 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#17 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#19 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#20 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#22 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#25 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#44 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#46 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#56 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#63 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#66 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#68 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#69 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008c.html#71 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#89 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#90 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#91 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#0 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#4 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#5 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#7 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#9 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#10 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#22 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008d.html#26 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#30 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#31 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#38 outsourcing moving up value chain
https://www.garlic.com/~lynn/2008d.html#40 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#86 U.S. Science Funding Hits a Political Wall
https://www.garlic.com/~lynn/2008d.html#94 The Economic Impact of Stimulating Broadband Nationally
https://www.garlic.com/~lynn/2008e.html#13 Nat'l Surface Transportion Policy & Revenue Study Cmsn
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#71 US aerospace and defense sector braces for potential brain drain as Cold War workers retire
https://www.garlic.com/~lynn/2008f.html#22 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008f.html#50 Toyota's Value Innovation: The Art of Tension
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Primaries (USA) Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 14:24:42D.J. <jollycamper72@cableone.net> writes:
a couple decades ago ... there was a bunch of stuff about hdtv pushing high-end electronics and being able to leverage consumer electronic volumes (and who ever dominated hdtv electronics could come to dominate the electronic industry). at the time, it was also seen as mechanism for breakout of PC technology into wider population (and it was before the internet becoming the silver bullet for expanding PC technology into the general population).
a decade ago there was a reference that congress was falling short of actually having a balanced budget ... and somebody brought up the huge revenue that was coming in bandwidth/spectrum auctions. Mandating the switch to HDTV, frees up a lot of frequency, then the projected revenue from auctioning those freed spectrum closes the gap on being able to claim a balanced budget (i.e. the numbers on "reaching" a balanced budget had been for some theoritical planned budget in the future).
recent reference to balancing the budget with frequency/spectrum
auction
https://www.garlic.com/~lynn/2008.html#43 dig. TV
https://www.garlic.com/~lynn/2008.html#47 dig. TV
other past posts mentioning hdtv
https://www.garlic.com/~lynn/2000e.html#11 Is Al Gore The Father of the Internet?^
https://www.garlic.com/~lynn/2001.html#73 how old are you guys
https://www.garlic.com/~lynn/2001b.html#2 FCC rulemakings on HDTV
https://www.garlic.com/~lynn/2001j.html#23 OT - Internet Explorer V6.0
https://www.garlic.com/~lynn/2005k.html#25 The 8008
https://www.garlic.com/~lynn/2006.html#45 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006q.html#62 Cray-1 Anniversary Event - September 21st
https://www.garlic.com/~lynn/2006s.html#63 Microsoft to design its own CPUs - Next Xbox In Development
https://www.garlic.com/~lynn/2007d.html#50 Is computer history taugh now?
https://www.garlic.com/~lynn/2007q.html#50 US or China?
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 17:34:52greymaus <greymausg@mail.com> writes:
.... from wiki
https://en.wikipedia.org/wiki/Soong_sisters
The Soong Sisters were three women whose husbands were amongst China's
most significant political figures of the early 20th century. They each
played a major role in influencing their husbands, which ultimately
changed the course of Chinese history.
Soong Ai-ling
The eldest and the one who "loved money," was married to the richest man
and finance minister of China, H.H. Kung.
Soong Ching-ling
The one who "loved China," was married to Father of Modern China and
first President of the Republic of China, Sun Yat-sen. She became joint
President of the People's Republic of China with Dong Biwu from 1968 to
1972 and Honorary President in 1981, just before the passing of the
Constitution of 1982.
Soong May-ling
Youngest and the one who "loved power," was married to the leader of the
Kuomintang (KMT) , Generalissimo of the Chinese armies, and later
President, Chiang Kai-shek.
... other items
• Their father was American-educated Methodist minister Charlie Soong,
who made a fortune in banking and printing. Their mother was Ni
Kwei-tseng.
• Their three brothers were all high ranking officials in the Republic
of China government, one of whom was the famous T. V. Soong.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Antivirus Inventor: Security Departments Are Wasting Their Time Newsgroups: alt.folklore.computers Date: Tue, 18 Mar 2008 20:58:25Antivirus Inventor: Security Departments Are Wasting Their Time
from above:
In a presentation here yesterday, Tippett -- who is vice president of
risk intelligence for Verizon Business, chief scientist at ICSA Labs,
and the inventor of the program that became Norton AntiVirus -- said
that about one third of today's security practices are based on outmoded
or outdated concepts that don't apply to today's computing environments.
... snip ...
recent threads referencing antivirus software becoming obsolete
https://www.garlic.com/~lynn/aadsm28.htm#2 Death of antivirus software imminent
https://www.garlic.com/~lynn/aadsm28.htm#4 Death of antivirus software imminent
https://www.garlic.com/~lynn/aadsm28.htm#6 Death of antivirus software imminent
https://www.garlic.com/~lynn/aadsm28.htm#8 Death of antivirus software imminent
https://www.garlic.com/~lynn/aadsm28.htm#9 Death of antivirus software imminent
https://www.garlic.com/~lynn/aadsm28.htm#11 Death of antivirus software imminent
https://www.garlic.com/~lynn/2008b.html#39 folklore indeed
https://www.garlic.com/~lynn/2008c.html#0 folklore indeed
https://www.garlic.com/~lynn/2008c.html#3 folklore indeed
https://www.garlic.com/~lynn/2008c.html#4 folklore indeed
including:
Virtualization still hot, death of antivirus software imminent, VC says
http://www.networkworld.com/news/2007/121707-how-the-feds-are-dropping-the-ball-side-2.html
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Panic in Multicore Land Newsgroups: alt.folklore.computers Date: Wed, 19 Mar 2008 09:06:14Andrew Swallow <am.swallow@btinternet.com> writes:
after a decade or so of programming practices and program analysis tools promising to eliminate the exploits ... hardware venders came up with a mechanism to mitigate the severity ... it doesn't actually prevent the overflows ... but a common scenario was pushing executable instructions into the areas and then causing control to go to that location.
a couple past posts in this thread:
https://www.garlic.com/~lynn/2008f.html#37 Panic in Multicore Land
https://www.garlic.com/~lynn/2008f.html#42 Panic in Multicore Land
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Wed, 19 Mar 2008 11:06:35Walter Bushell <proto@xxx.com> writes:
in the past i've hypothezied that the value of a gal. of gasoline was
on the order of 15+ dollars ... and a lot of economic activity evolved
leveraging the difference between the price of a gallon and the value
of the gallon ... and because of the big difference between the price
and value ... a lot of use developed that wouldn't likely be
considered contributing to the country's GDP.
https://www.garlic.com/~lynn/2008f.html#56 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#59 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#60 China overtakes U.S. as top Web market
general advances around the world has significantly increased the demand for petroleum products ... with the increased competition there is willingness to bid up the price.
various results:
lots of lower value uses may be priced out of the petroleum market as the price closes the gap with the value of particular uses.
(in any competitive situation) higher value uses will be able to bid a higher price (outbid lower value uses)
economic niches that have become used to low-value petroleum uses will face some disruption.
globalization, distribution systems, etc ... will drive to global prices (leveling difference between price at well heads and delivery any where in the world).
...
there is recent complaining that with the rise in petroleum prices is 1) increasing (national) transportation costs for food and 2) corn growers are finding they can get a higher price for corn in the ethenol market (than in the food market) ... also driving up food prices (even tho the current corn->ethenol process uses more energy than the resulting gas).
the net is that the least competitive uses are going to be the ones that suffer the most with increasing price and competition for petroleum.
past posts mentioning petroleum value and/or difference between price
and value:
https://www.garlic.com/~lynn/2001f.html#4 some VLIW (IA-64) projections from January, 1999...
https://www.garlic.com/~lynn/2002c.html#6 medium term future of the human race
https://www.garlic.com/~lynn/2002q.html#7 Big Brother -- Re: National IDs
https://www.garlic.com/~lynn/2002q.html#9 Big Brother -- Re: National IDs
https://www.garlic.com/~lynn/2002q.html#13 Big Brother -- Re: National IDs
https://www.garlic.com/~lynn/2003i.html#64 TGV in the USA?
https://www.garlic.com/~lynn/2004c.html#20 Parallel programming again (Re: Intel announces "CT" aka
https://www.garlic.com/~lynn/2007s.html#63 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007s.html#67 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007s.html#68 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#0 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#17 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#43 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#22 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008e.html#13 Nat'l Surface Transportion Policy & Revenue Study Cmsn
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM System 64 Newsgroups: alt.folklore.computers Date: Wed, 19 Mar 2008 11:37:36Tim Shoppa <shoppa@trailing-edge.com> writes:
some old hal references:
https://www.garlic.com/~lynn/2004g.html#28 Most dangerous product the mainframe has ever seen
https://www.garlic.com/~lynn/2004p.html#40 Computers in movies
https://www.garlic.com/~lynn/2004q.html#32 Amusing acronym
https://www.garlic.com/~lynn/2007s.html#17 Oddly good news week: Google announces a Caps library for Javascript
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Virtualization's security threats Newsgroups: alt.folklore.computers Date: Wed, 19 Mar 2008 16:33:41re:
Virtualization's security threats
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9069638
from above:
In the case of virtualization, the NSA has worked with EMC's VMware
unit, IBM, AMD, Trusted Computing Group, and others for several years to
identify potential threats and suggest workarounds. Later this year,
chips from AMD and Intel will include technology that the NSA has helped
develop.
... snip ...
reference to 40yr old flavor:
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
other recent posts referencing the above URL:
https://www.garlic.com/~lynn/2008b.html#4 folklore indeed
https://www.garlic.com/~lynn/2008c.html#60 Job ad for z/OS systems programmer trainee
https://www.garlic.com/~lynn/2008d.html#32 Interesting Mainframe Article: 5 Myths Exposed
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Virtualization's security threats Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 07:51:06jsavard@excxn.aNOSPAMb.cdn.invalid (John Savard) writes:
modulo the reference to cp67/cms ... predating vm/cms, orange book,
lots of stuff:
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
i've commented before ... i didn't hear about this stuff until yrs later ... however as an undergraduate, I would periodically get requests to address certain kinds of issues with cp67 changes ... which would get added to the product. later i suspected some of the kinds of requests originated from gov. agencies. in the 90s, i periodically commented that some of the desktop oriented systems didn't even know what they didn't know about the subject.
virtual machines date from the mid-60s when the science center
https://www.garlic.com/~lynn/subtopic.html#545tech
added hardware virtual memory capability to a 360/40 and created cp/40 ... later when standard virtual memory support became available on 360/67, cp/40 morphed into cp/67. the last week in jan68, 3 people from the science center came out to the univ. to install cp67. later at the spring 68 SHARE meeting in houston, cp67 was announced (40+yrs now).
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 07:55:49jsavard@excxn.aNOSPAMb.cdn.invalid (John Savard) writes:
for a time, one of the largest (sugar) beet growing areas was
mentioned in this post
https://www.garlic.com/~lynn/2008e.html#7 was: 1975 movie "Three Days of the Condor" tech stuff
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Study Finds Sharp Math, Science Skills Help Expand Economy Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 13:25:39Anne & Lynn Wheeler <lynn@garlic.com> writes:
so less than half the high school graduates may have high school education ... however, this morning there was also news item about new study claiming that only 2/3rds of current 9th graders will actually graduate (separate from whether those that graduate have a high school education).
recently they broadcast hearings on H1B visas and one of the congressmen asked something about whether there should be preference given to immigrants with actual skills ... the response sidestepped the question by noting that the number of H1B visas don't even show up as a blip on the total number of (legal) immigrants.
it wasn't clear what had prompted the question ... whether there was belief that the only way to improve the country's avg skill level is with imports (and giving skill preferences) ... or possibly that if businesses, having to deal with large unskilled populations, believed that (unskilled) foreigners provided a more productive (and less expensive) group.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 14:33:08sidd@situ.com () writes:
recent posts mentioning repeal of Glass-Steagall a decade ago:
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
the severity of the crash of '29 was at least partially blameed on margin speculation with possibly only 20percent actual equity ... value drop of more than 20percent met than the investor was totally wiped out and actually owed money. one of the results were specifications for at least 80percent of the money upfront.
there were two factors in the current situation
toxic CDOs ... claimed to have been invented in the 80s as part
of the S&L crisis to obfuscate the underlying values ... and
these toxic CDOs getting triple-A rating
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
heavy investment leverage in these toxic CDOs ... there was note that last
summer Bear had been leveraged 44 times (only a little over 2percent of
the actual investment) ... they would purchase a toxic CDO ... then borrow
money against that toxic CDO to buy another toxic CDO ... repeating the iteration 44
times. A drop in value of 3percent in the toxic CDO market could bankrupt an
investor leveraged 44 times. Last summer after the rating houses were
downgrading the triple-A rating on the toxic CDOs ... the statement
was that Bear dropped back to "only" 30 times leverage (i.e. a little
over actual 3percent equity).
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
https://www.garlic.com/~lynn/aadsm28.htm#46 The bond that fell to Earth
....
recent posts about UBS unloading $24b dollars in toxic CDOs at
70cents on the dollar
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#14 independent appraisers
although other references indicate that 70 cents on the dollar would be on the high side for these instruments ... that 10cents to 50cents would be more likely for much of the toxic CDOs. the claim was that bear had so much leveraged in these toxic CDOs that when the borrowed money was "called" ... they were bankrupt. They talk about home values drop 10 percent and people walked away. toxic CDOs dropping by 90percent (from triple-A to junk status) could imply that Bear owed 30 times more than they had invested. There is concern that Bear isn't the only institution that find themselves in this situation.
One of the recent suggestions about possibly going back to separating regulated and unregulated activity (undoing the repeal of Glass-Steagall) and providing better oversight of unregulated investment banking ... was to limit "leveraging" to five times (i.e. requiring at least 20percent equity on margin investments ... a level that previously was characterized as contributing significantly to the severity of the crash of '29).
PBS program on the long effort to repeal Glass-Steagall
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
the effort had been underway for quite some time, search engines turn up references going back to the days of S&L crisis and if congress were to repeal Glass-Steagall, the regulatory infrastructure would require significant revamping.
there seems to be more & more commentary showing up along these lines:
Clinton repeal of Glass-Steagall faulty as seen today
http://mortgageblues.us/news/398
from above:
This issue now goes far beyond the mortgage blues of some lenders. There
is no way that crazy wild-eyed mortgage brokers with lax standards could
cause worldwide problems like this. President Bill Clinton repealed the
Glass-Steagall Act which had prevented the coupling of investment
banking and lending. To be exact, on November 12, 1999, President Bill
Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the
Glass-Steagall Act of 1933. One of the effects of the repeal is it
allowed commercial and investment banks to consolidate. Economists have
criticized the action.
... snip ...
this possibly refers to the market appears to be estimated at
$45trillion, larger than mortgage securities, stock market, and
treasury funds combined. With 30-to-1 leverage that means that there
is possibly only $1.5trillion actual equity ... with the rest all
"borrowed" funds (and severely at risk for any downward adjustment of
triple-A rating on toxic CDOs):
http://polizeros.com/tag/cdo/
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: China overtakes U.S. as top Web market Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 15:35:53"Charlie Gibbs" <cgibbs@kltpzyxm.invalid> writes:
old reference about future system discussion in fergus/morris book
https://www.garlic.com/~lynn/2001f.html#33
a different kind of analogy is you tell the ones out front by the arrows in the back.
previous posts in this thread:
https://www.garlic.com/~lynn/2008f.html#45 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#56 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#58 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#59 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#60 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#62 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#65 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008f.html#69 China overtakes U.S. as top Web market
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Thu, 20 Mar 2008 17:28:31re:
this reference
http://www.stock-market-crash.net/1929.htm
uses example of margin investors leveraged ten-to-one and downturn wiped them out; banks participated in this activity ... and in the aftermath of the speculation frenzy ... 10,000 banks failed and most of the people lost ($140 billion of depositor money) all their deposits/savings ... launching the great depression. It wasn't so much the crash ... it was the heavy leveraged margin investments that were wiped out ... including those by banks (using their customer deposits).
One of the results was Glass-Steagall act separating (regulated)
commercial banks and (unregulated)investment banks
https://en.wikipedia.org/wiki/Glass-Steagall_Act
another recent reference:
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDSFgf3DHR_A&refer=exclusive
from above:
Losses at financial firms from the mortgage collapse may eventually
triple to $600 billion as defaults on home loans grow, says Zurich-based
UBS AG. One reason banks are losing money is the repeal nine years ago
of the 1933 Glass-Steagall Act, which separated commercial and
investment banking after excessive risk-taking contributed to the Great
Depression, Eveillard said.
... snip ...
Another result was the creation
http://www.sec.gov/about/whatwedo.shtml#create
of the SEC
http://www.sec.gov/about/whatwedo.shtml
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Multicore boom needs new developer skills Newsgroups: alt.folklore.computers Date: Fri, 21 Mar 2008 10:18:26Multicore boom needs new developer skills
from above:
More than charity lies behind Microsoft and Intel's announcement this
week that they will donate US$20 million to a pair of U.S. colleges in
the hope of spurring advances in parallel, or multicore, programming
research, as a Microsoft research scientist readily acknowledged.
... snip ...
work on fine-grain locking at the science center
https://www.garlic.com/~lynn/subtopic.html#545tech
for cp67 smp kernel (and work leading to compare&swap instruction) dates
back nearly 40yrs
https://www.garlic.com/~lynn/subtopic.html#smp
misc. recent posts mentioning parallel &/or multicore:
https://www.garlic.com/~lynn/2008b.html#0 on-demand computing
https://www.garlic.com/~lynn/2008b.html#3 on-demand computing
https://www.garlic.com/~lynn/2008b.html#74 Too much change opens up financial fault lines
https://www.garlic.com/~lynn/2008c.html#67 What happened to resumable instructions?
https://www.garlic.com/~lynn/2008d.html#81 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#87 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#89 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#90 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008e.html#1 Migration from Mainframe to othre platforms - the othe bell?
https://www.garlic.com/~lynn/2008e.html#24 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008e.html#26 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008e.html#79 Any benefit to programming a RISC processor by hand?
https://www.garlic.com/~lynn/2008f.html#6 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
https://www.garlic.com/~lynn/2008f.html#37 Panic in Multicore Land
https://www.garlic.com/~lynn/2008f.html#42 Panic in Multicore Land
https://www.garlic.com/~lynn/2008f.html#48 Wintel, Universities Team On Parallel Programming
https://www.garlic.com/~lynn/2008f.html#64 Panic in Multicore Land
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Sat, 22 Mar 2008 12:50:41Morten Reistad <first@last.name> writes:
just doing a "recent news" search on Glass-Steagall and in the top dozen or
so articles, are some claims that the bear situation
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
https://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#73 Bush - place in history
is actually a bailout of jpmorgan ... i.e. fed loans jpm money to buy bear at $2/share and backstops the toxic CDOs ... jpm is supposedly sitting with $7+trillion in (toxic) CDOs (twice the amount of citi ... where citi has already started announcing writedown losses ... but jpm has yet to really start; maybe they can exchange them for treasuries w/o having to admit to the losses?).
and ...
http://online.wsj.com/article/SB120614432484956499.html
from above:
The Financial Times reported on its web site Friday evening that
"central banks on both sides of the Atlantic are actively engaged in
discussions about the feasibility of mass purchases of mortgage-backed
securities as a possible solution to the credit crisis."
... snip ...
this would make it look a lot more like the S&L bailout ... discussed in
this post from decade ago
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
as well as the requirement for transparency in mortgage-backed
securities ... this reference that they were invented during the S&L
crisis (as means of obfuscating underlying value):
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Sat, 22 Mar 2008 16:21:13sidd@situ.com () writes:
it will be interesting to see what they actually do ... the claim from
post a decade ago ... is that some amount of the S&L bailout may still
being carried
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
The Largest Bail-Out In The History Of The World
http://www.247wallst.com/2008/03/the-largest-bai.html
from above:
The action would require that agencies to take on paper which may never
recover in value, forcing tax-payers to cover the egregious mistakes of
most large banks and brokerages.
... snip ...
The Fed's Too Easy on Wall Street
http://www.businessweek.com/stories/2008-03-19/the-feds-too-easy-on-wall-streetbusinessweek-business-news-stock-market-and-financial-advice
from above:
"The Federal Reserve continues to bail out major financial institutions
without imposing meaningful conditions to improve their conduct and
performance," complains Peter Morici, professor at the Smith Business
School at the University of Maryland.
Here's a staggering figure to contemplate: New York City securities
industry firms paid out a total of $137 billion in employee bonuses from
2002 to 2007, according to figures compiled by the New York State Office
of the Comptroller. Let's break that down: Wall Street honchos earned a
bonus of $9.8 billion in 2002, $15.8 billion in 2003, $18.6 billion in
2004, $25.7 billion in 2005, $33.9 billion in 2006, and $33.2 billion in
2007.
... snip ...
Reflections on the Mortgage Bust and the Inevitable Political Reaction
http://www.aei.org/publications/filter.all,pubID.27673/pub_detail.asp
from above:
This time we apparently had the greatest house price inflation in
U.S. history. The price inflation stimulated the lenders, the loan
brokers, the investors, the bond salesmen, the borrowers, the
speculators, the homebuilders, and the flippers. The value of
residential real estate about doubled between 1999 and 2006, increasing
by $10 trillion. With a total value of about $21 trillion, this is a
huge asset class and component of household wealth. The U.S. residential
mortgage loan market is the biggest credit market in the world, with
outstanding credit grown to over $10 trillion, of which about $1.3
trillion represents subprime mortgages. Securitized U.S. mortgages,
prime and subprime, are owned around the world.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Sat, 22 Mar 2008 19:41:20Anne & Lynn Wheeler <lynn@garlic.com> writes:
decade old post discussing the S&L bailout and need for
transparency in value of toxic CDOs, mortgage-backed securities, etc.
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
In Washington, a Split Over Regulation of Wall Street
http://www.nytimes.com/2008/03/23/business/23regulate.html?ei=5065&en=71e656b05114c042&ex=1206849600&partner=MYWAY&pagewanted=print
from above:
The Fed reported on Thursday that investment banks had quickly taken
advantage of the lending program and had taken out $28.8 billion in new
loans by Wednesday. That did not include any loans that JPMorgan Chase
took on through the $30 billion credit line it received as part of its
deal to acquire Bear Stearns.
... snip ...
other recent posts with reference to decade old post discussing the S&L
bailout and need for transparency in value of toxic CDOs, mortgage-backed
securities, etc.
https://www.garlic.com/~lynn/aadsm26.htm#14 Who has a Core Competency in Security?
https://www.garlic.com/~lynn/aadsm27.htm#11 Is this Risk Management's Waterloo?
https://www.garlic.com/~lynn/aadsm28.htm#46 The bond that fell to Earth
https://www.garlic.com/~lynn/2007t.html#12 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007t.html#15 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#27 'Man in the browser' is new threat to online banking
https://www.garlic.com/~lynn/2007t.html#50 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#78 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008b.html#14 on-demand computing
https://www.garlic.com/~lynn/2008c.html#13 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#38 outsourcing moving up value chain
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#66 independent appraisers
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
https://www.garlic.com/~lynn/2008f.html#51 independent appraisers
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: was: 1975 movie "Three Days of the Condor" tech stuff Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 06:36:20Steve O'Hara-Smith <steveo@eircom.net> writes:
Black Carbon Pollution Emerges As Major Player In Global Warming
http://www.sciencedaily.com/releases/2008/03/080323210225.htm
from above:
Elimination of black carbon, a contributor to global warming and a
public health hazard, offers a nearly instant return on investment,
the researchers said. Black carbon particles only remain airborne for
weeks at most compared to carbon dioxide, which remains in the
atmosphere for more than a century. In addition, technology that could
substantially reduce black carbon emissions already exists in the form
of commercially available products.
... snip ...
Chemists Find New Important Contributor To Urban Smog
http://www.sciencedaily.com/releases/2008/03/080320150032.htm
from above:
Chemists at the University of California, San Diego have discovered
that a chemical reaction in the atmosphere above major cities long
assumed to be unimportant in urban air pollution is in fact a
significant contributor to urban ozone -- the main component of smog.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 07:07:06Morten Reistad <first@last.name> writes:
re:
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#77 Bush - place in history
... ala the S&L crisis
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
but rather than being a self correcting/adjusting infrastructure ...
lots of places act as an accelerant ... almost taking on aspects of a
financial infrastructure firestorm or feeding frenzy; for instance the
speculators/flippers ... holding product off the market ... act as
hording effect on the supply part (of supply&demand).
https://www.garlic.com/~lynn/2008f.html#5 independent appraisers
making the inevitable crash all the more severe.
in principle, minimum equity requirements acts as inhibitor on formation of firestorm and mitigation of any crash; Glass-Steagall attempted to wall off the scope of unregulated activity (some business shows calling it unbridled greed) on areas deemed to require safety, soundness and regulation.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Super-Efficient Light Bulb Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 07:54:46The lightbulb of the future?
from above:
The Tic Tac-sized bulb operates at temperatures up to 6000K and produces
140 lumens/watt, almost ten times as efficient as standard incandescent
lamps, and twice the efficiency of high-end LEDs. The new bulbs also
have a lifetime of 20,000 hours.
... snip ...
Questions Arising On Mercury In Compact Fluorescents
http://hardware.slashdot.org/article.pl?sid=08/03/20/1945227&tid=271
Shining a light on fluorescent bulbs
http://www.msnbc.msn.com/id/23694819/
from above:
Since then, the bulbs -- known as CFLs -- have been revamped, and strict
government guidelines have alleviated most of those problems. But while
the bulbs are extremely energy-efficient, one problem hasn't gone away:
All CFLs contain mercury, a neurotoxin that can cause kidney and brain
damage.
...
There is no disputing that overall, fluorescent bulbs save energy and
reduce pollution in general. An average incandescent bulb lasts about
800 to 1,500 hours; a spiral fluorescent bulb can last as long as 10,000
hours. In just more than a year -- since the beginning of 2007 -- 9
million fluorescent bulbs have been purchased in California, preventing
the release of 1.5 billion pounds of carbon dioxide compared with
traditional bulbs, according to the U.S. Environmental Protection
Agency.
... snip ...
thread from last year on sodium vapor vis-a-vis LEDs
https://www.garlic.com/~lynn/2007t.html#30 What do YOU call the # sign?
https://www.garlic.com/~lynn/2007t.html#32 What do YOU call the # sign?
https://www.garlic.com/~lynn/2007t.html#36 What do YOU call the # sign?
somewhat at the time paid attention to sodium vapor when issue raised for san jose street lights and effect on nearby observatory. i had gotten involved in some of the details of "berkeley 10m" (now called keck and out in hawaii) and some testing was being done at Lick ... and there were some visits to look at technology.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is IT becoming extinct? Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Mon, 24 Mar 2008 10:18:29DocFarmer9999@YAHOO.CO.UK (Doc Farmer) writes:
the argument in the 80s (somewhat related to desktop systems) ... in one of the earlier iterations of this discussion were
1) computer technology was becoming significantly more pervasive
2) there wasn't enuf skill base to support the rapidly expanding uses
3) had to change the paradigm so users could handle much of their own support.
there was some parallels drawn with the examples of the automobile industry when every automobile required at least one professional chauffeur/mechanic or the telephone industry where all phone calls were connected manually by a human telephone operator.
an earlier iteration of this was in the huge explosion in midrange market ... the 43xx and vax machines ... while 43xx may have actually sold more machines, there were SHARE studies that vax/vms had competitive advantage because of lower requirement for (scarce) human effort/skill required for care & feeding (of course by the mid-80s, PCs and workstations were starting to gobble up the mid-range market from the low end).
in this country ... part of the issue has been that there has been scarcity of homegrown skill base for some time ... mitigated by large influx of foreigners. recently more & more of these skills have been returning home ... contributing to the outsourcing activity.
combination of outsourcing and foreign workers existed all through (at least) the 90s ... some what coming to a crunch with a combination of both the y2k remediation activity and the internet bubble going on at the same time. a large amount of y2k remediation was outsourced, in part because it was viewed as one-shot activity ... however, it resulted in the creation of business relationships that persisted after the remediation had finished. In core legacy systems, the greener pastures of the internet bubble siphoned off some amount of resources.
Going into this century, the internet bubble burst and lots were looking for other safe havens ... at the same time, outsourcing operations had been able to demonstrate core legacy competency with their y2k remediation work.
recent thread that 20 or so yrs ago, numerous had realized
math/science skills contributed significantly to economy ... and
recent study calculated the effect on the economy of the education
system being unable to deliver those skills
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#63 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008f.html#22 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008f.html#70 Study Finds Sharp Math, Science Skills Help Expand Economy
the US now coming in with rankings like 29 out of 30 industrial
countries ... recent posts:
https://www.garlic.com/~lynn/2007u.html#78 Education ranking
https://www.garlic.com/~lynn/2007u.html#80 Education ranking
https://www.garlic.com/~lynn/2007u.html#82 Education ranking
https://www.garlic.com/~lynn/2007v.html#16 Education ranking
https://www.garlic.com/~lynn/2007v.html#19 Education ranking
https://www.garlic.com/~lynn/2007v.html#20 Education ranking
https://www.garlic.com/~lynn/2007v.html#38 Education ranking
https://www.garlic.com/~lynn/2007v.html#39 Education ranking
https://www.garlic.com/~lynn/2007v.html#44 Education ranking
https://www.garlic.com/~lynn/2007v.html#45 Education ranking
https://www.garlic.com/~lynn/2007v.html#51 Education ranking
https://www.garlic.com/~lynn/2007v.html#71 Education ranking
https://www.garlic.com/~lynn/2008.html#52 Education ranking
https://www.garlic.com/~lynn/2008.html#55 Education ranking
https://www.garlic.com/~lynn/2008.html#60 Education ranking
https://www.garlic.com/~lynn/2008.html#62 competitiveness
https://www.garlic.com/~lynn/2008.html#81 Education ranking
https://www.garlic.com/~lynn/2008.html#83 Education ranking
https://www.garlic.com/~lynn/2008b.html#6 Science and Engineering Indicators 2008
https://www.garlic.com/~lynn/2008b.html#13 Education ranking
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: A Super-Efficient Light Bulb Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 10:32:57Bernd Felsche <bernie@innovative.iinet.net.au> writes:
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 10:51:24re:
this morning, one of the business shows created pro/con debate on the bear bailout;
one side was that there was going to be a lot of profit made in the bailout ... underwritten by the taxpayer ...
the other side said that going into that weekend, numerous were seeing the situation rapidly ballooning into a trillion dollar crisis ... and the bear bailout is a bargain by comparison (to that alternative) and the american public has no real idea of everything that is going on here.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: was: 1975 movie "Three Days of the Condor" tech stuff Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 14:10:30"Charlie Gibbs" <cgibbs@kltpzyxm.invalid> writes:
part of digital money blog entry
http://digitaldebateblogs.typepad.com/digital_money/2008/03/price-point.html
concerning recent new payment channels conference
http://www.newpaymentchannels.com/index.html
addressing the float issues, some of the vulnerability issues (in various current implementations), as well as some liability considerations ... eases the way for being able to use common implementation across multiple merchants ... part of this we refer to as a person-centric implementation (as opposed to "institution-centric")
some of the issues is adopting technology (that saw much wider
deployment in transit industry) for other transaction environments
https://www.garlic.com/~lynn/aadsm28.htm#43 Realistic dynamics of contactless
https://www.garlic.com/~lynn/aadsm28.htm#44 Realistic dynamics of contactless
https://www.garlic.com/~lynn/aadsm28.htm#45 Realistic dynamics of contactless
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Primaries (USA) Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 17:31:18re:
and latest in using the airwaves freed up with HDTV:
Google Wants to Use White Space for WiFi
http://www.redorbit.com/news/technology/1309309/google_wants_to_use_white_space_for_wifi/index.html
Google Wants TV 'White Space' for Wi-Fi
http://www.physorg.com/news134143602.html
Google unveils "white space" airwaves plans
http://news.yahoo.com/s/nm/google_fcc_dc
from above:
The white-space airwaves could become available in February 2009, when
TV broadcasters switch from analog to digital signals. Whitt said he
expects devices using white-space spectrum could be available by the end
of 2009.
...
Google and Microsoft are part of a coalition of technology companies
that has been lobbying the FCC to allow unlicensed use of white-space
spectrum.
The group also includes Dell Inc, Intel Corp, Hewlett-Packard Co and the
north American unit of Philips Electronics.
... snip ...
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Banks failing to manage IT risk - study Newsgroups: alt.folklore.computers Date: Mon, 24 Mar 2008 21:37:32jeffj@panix.com (Jeff Jonas) writes:
note comptroller of the currency ... recently mentioned in this post:
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
and comptroller general ... recent reference:
https://www.garlic.com/~lynn/2008d.html#40 Computer Science Education: Where Are the Software Engineers of Tomorrow?
are different offices/people. i've mentioned comptroller general in numerous other posts (the periodic reference that no members of congress have been capable of simple middle school arithmetic for the last 50 yrs, especially where unfunded mandates are concerned) ... some referenced in the above.
oft referenced post from decade ago mentioning S&L crisis, issues
with variable-rate mortgages and need for better transparency in
mortgage backed securities ... also mentions basel:
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
recent post on somewhat different financial risk area:
https://www.garlic.com/~lynn/aadsm28.htm#50 Liability for breaches: do we need new laws?
lots of posts mentioning fraud, risks, threats, vulnerabilities,
and/or exploits:
https://www.garlic.com/~lynn/subintegrity.html#fraud
other posts mentioning basel/bis
https://www.garlic.com/~lynn/aadsm5.htm#epaym "e-payments" email discussion list is now "Internet-payments"
https://www.garlic.com/~lynn/aepay8.htm#bis7 BIS Papers No. 7 - Electronic finance: a new perspective and challenges
https://www.garlic.com/~lynn/aepay10.htm#50 glossary
https://www.garlic.com/~lynn/aadsm10.htm#smallpay3 Small/Secure Payment Business Models
https://www.garlic.com/~lynn/aadsm10.htm#cfppki19 CFP: PKI research workshop
https://www.garlic.com/~lynn/aepay11.htm#29 CIOs Must Be Involved In Controlling Risk In Financial Services
https://www.garlic.com/~lynn/aadsm14.htm#50 E-banking is board-level Issue, Says Basel Committee
https://www.garlic.com/~lynn/aadsm14.htm#52 Committee calls for better e-banking security management
https://www.garlic.com/~lynn/aadsm16.htm#7 The Digital Insider: Backdoor Trojans ... fyi
https://www.garlic.com/~lynn/aadsm21.htm#3 Is there any future for smartcards?
https://www.garlic.com/~lynn/aadsm25.htm#14 Sarbanes-Oxley is what you get when you don't do FC
https://www.garlic.com/~lynn/aadsm25.htm#15 Sarbanes-Oxley is what you get when you don't do FC
https://www.garlic.com/~lynn/aadsm27.htm#11 Is this Risk Management's Waterloo?
https://www.garlic.com/~lynn/2003k.html#41 An Understanding Database Theory
https://www.garlic.com/~lynn/2005k.html#23 More on garbage
https://www.garlic.com/~lynn/2005t.html#26 Dangerous Hardware
https://www.garlic.com/~lynn/2006u.html#22 AOS: The next big thing in data storage
https://www.garlic.com/~lynn/2007j.html#0 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007o.html#14 Geothermal was: VLIW pre-history
https://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#78 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is IT becoming extinct? Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Mon, 24 Mar 2008 23:07:03howard.brazee writes:
in much the same way that hardware started to become commoditized, software also started becoming commoditized (as part of industry maturing).
some of this was helped along by gov. COTS (commercial off the shelf)
activity (both hardware and software) ... some recent posts:
https://www.garlic.com/~lynn/2008d.html#37 COTS software on box ? to replace mainframe was Re: Curious(?) way to ZIP a mainframe file
https://www.garlic.com/~lynn/2008d.html#41 COTS software on box ? to replace mainframe was Re: Curious(?) way to ZIP a mainframe file
https://www.garlic.com/~lynn/2008d.html#43 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008d.html#49 Linux zSeries questions
https://www.garlic.com/~lynn/2008d.html#87 Berkeley researcher describes parallel path
some amount of software matured to the point where it is good enuf ... and competitive edge comes from focusing on domain specific issues rather than managing software projects ... especially by organizations that don't have a lot of expertise in the area. there has been an extrodinary number of major failed IT projects in the past couple decades which would contribute to many organizations just wanting something "off the shelf" that works.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Has Banking Industry Overlooked Its Biggest Breach Ever? Newsgroups: alt.folklore.computers Date: Tue, 25 Mar 2008 08:53:07Has Banking Industry Overlooked Its Biggest Breach Ever?
from above:
Way back in July, law enforcement agencies issued a press release
stating that they had indicted a former employee at Compass Bank for
stealing information from the company. It now appears that the theft
might be the biggest breach in banking history.
According to the privacy site PogoWasRight.org, new details about the
case against former Compass employee James Kevin Real indicate that
approximately 1 million customers' personal information may have been
exposed in the incident.
... snip ...
somewhat related
https://www.garlic.com/~lynn/aadsm28.htm#50 Liability for breaches: do we need new laws?
past posts in previous thread:
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#75 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008f.html#86 Banks failing to manage IT risk - study
lots of past posts mentioning fraud, risks, threats, vulnerabilities,
and exploits
https://www.garlic.com/~lynn/subintegrity.html#fraud
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Tue, 25 Mar 2008 09:31:19Anne & Lynn Wheeler <lynn@garlic.com> writes:
this morning business program comment was that several large national banking institutions, with citibank leading the list, are technically insolvent ... comparable to the situation back in 1990 ... but in the wake of the bear bailout, things have pulled back from agamendon and taken systemic risk off the table (domino failure of major financial institutions).
decade old post mentioning S&L crisis and need to try and not repeat
the process with mortgage backed securities
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
there was also announcement that housing prices (for some markets) are down 11 percent from a year ago ... indicating that real estate has starting to correct also
recent posts/threads on the subject:
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#78 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#4 independent appraisers
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#11 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#14 independent appraisers
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
https://www.garlic.com/~lynn/2008f.html#32 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
https://www.garlic.com/~lynn/2008f.html#51 independent appraisers
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
https://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#73 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#77 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#86 Banks failing to manage IT risk - study
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: WWII supplies Newsgroups: alt.folklore.computers Date: Tue, 25 Mar 2008 11:43:29Bernd Felsche <bernie@innovative.iinet.net.au> writes:
that came into service at end of WWII. my wife & mother lived on it for
a couple months in Tsingtao harbor ... and her sister was born on the
ship. Old post with Repose postmark off letter sent to the grandparents
announcing birth of daughter
https://www.garlic.com/~lynn/2006b.html#33
USN navy hospital ships
http://www.ibiblio.org/hyperwar/USN/ships/ships-ah.html
Repose
http://www.ibiblio.org/hyperwar/USN/ships/AH/AH-16_Repose.html
it later did service in korea and vietnam conflicts
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: was: 1975 movie "Three Days of the Condor" tech stuff Newsgroups: alt.folklore.computers Date: Tue, 25 Mar 2008 13:44:18Anne & Lynn Wheeler <lynn@garlic.com> writes:
more ....
Global and regional climate changes due to black carbon
http://www.nature.com/ngeo/journal/vaop/ncurrent/full/ngeo156.html
from above:
Because of the combination of high absorption, a regional distribution
roughly aligned with solar irradiance, and the capacity to form
widespread atmospheric brown clouds in a mixture with other aerosols,
emissions of black carbon are the second strongest contribution to
current global warming, after carbon dioxide emissions. In the Himalayan
region, solar heating from black carbon at high elevations may be just
as important as carbon dioxide in the melting of snowpacks and
glaciers. The interception of solar radiation by atmospheric brown
clouds leads to dimming at the Earth's surface with important
implications for the hydrological cycle, and the deposition of black
carbon darkens snow and ice surfaces, which can contribute to melting,
in particular of Arctic sea ice.
... snip ...
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Billion-dollar IT failure at Census Bureau Newsgroups: alt.folklore.computers Date: Tue, 25 Mar 2008 14:02:44from IT project failures
recent thread:
https://www.garlic.com/~lynn/2008f.html#81 Is IT becoming extinct?
https://www.garlic.com/~lynn/2008f.html#87 Is IT becoming extinct?
Is IT becoming extinct?
http://blogs.zdnet.com/projectfailures/?p=666
and from 20mar ...
Billion-dollar IT failure at Census Bureau
http://blogs.zdnet.com/projectfailures/?p=660
from above:
The US Census Bureau faces cost overruns up to $2 billion on an IT
initiative replacing paper-based data collection methods with
specialized handheld devices for the upcoming 2010 census. The Bureau
has not implemented longstanding Government Accountability Office (GAO)
recommendations and may therefore be forced to scrap the program. Harris
Corp., the contractor associated with this incompetently managed
initiative, was awarded a $600 million contract to develop the handhelds
and related software.
... snip ...
we had been called in to commerce dept to consult in the early to mid-90s on new dataprocessing for the 2000 census. (20 yr) old systems had been scheduled for removal apr97 ... and details for the replacements had to be nailed down by that point and be ready to start bringing in the replacements. We also had to handle audit of the project by outside agency.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Data Centers Nearing Power-Usage, Cost Crisis Newsgroups: alt.folklore.computers Date: Wed, 26 Mar 2008 09:27:04Data Centers Nearing Power-Usage, Cost Crisis
from above:
We found confirmation for what we call the 'Economic Breakdown of
Moore's Law,' Brill said. "Basically, the increasing cost for power and
cooling are fundamentally and almost invisibly changing the economics of
IT."
...
Every 1U [smallest size] server incurs an annual facility cost of about
$1,600 per year, Brill said. Of this, about $700 is for electricity. Since
the street price for a volume server is in the $3,000 range, the
electricity usage itself over four years will exceed the acquisition
cost of the server, Brill said.
... snip ...
recent related posts
https://www.garlic.com/~lynn/2008d.html#72 Price of CPU seconds
https://www.garlic.com/~lynn/2008d.html#91 z10 presentation on 26 Feb
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Wed, 26 Mar 2008 09:56:38Anne & Lynn Wheeler <lynn@garlic.com> writes:
later in the day yesterday ... there was mention of something like $1.2t in write downs (of toxic CDOs) worldwide ... with $465b in the US.
and just coming over news, adding to citibank other woes, there is $1.7b settlement related to enron.
misc. recent news itmes:
Seen in the Fed's magic mirror, Bear Stearns appears to be worth it
http://business.timesonline.co.uk/tol/business/columnists/article3620323.ece
Fed auctions $50 bn to cash-strapped banks
http://www.indiaenews.com/america/20080326/106593.htm
FDIC plans to add staff to handle bank failures
http://www.globeinvestor.com/servlet/story/GAM.20080326.TICKER26-1/GIStory/
Americans oppose government aid for banks
http://www.tradingmarkets.com/.site/news/Stock%20News/1248517/
Back to reality
http://www.theengineer.co.uk/Articles/305153/Back+to+reality+.htm
from above:
Nobody knows how many more cracks are yet to appear in the global financial system, least of all the Masters of the Universe who got themselves into such a mess in the first place.
The question is, how much of a mess have they got the rest of us into? The consensus seems to be that when US investment bank Bear Stearns got caught with its pants down and was sold for a pittance, the credit crunch became a full-scale economic crisis.
... snip ...
of course part of it was repeal of Glass-Steagall allowing unregulated activity to contaminate regulated banking requiring safe/soundness.
recent posts mentioning Glass-Steagall and/or toxic CDOs:
https://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#85 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#59 independent appraisers
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#70 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#17 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
https://www.garlic.com/~lynn/2008f.html#51 independent appraisers
https://www.garlic.com/~lynn/2008f.html#52 independent appraisers
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
https://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#73 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#79 Bush - place in history
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Wed, 26 Mar 2008 10:36:51Anne & Lynn Wheeler <lynn@garlic.com> writes:
one of the things to look past ... is to differentiate what has
happened to many institutions vis-a-vis the individual benefits
(sucked out of the infrastructure) ... reference to a little of it
(just bonuses paid by NYC securities investment firms 2002-2007)
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Thu, 27 Mar 2008 12:29:12Anne & Lynn Wheeler <lynn@garlic.com> writes:
lots of comments swinging back and forth between regulations will thwart unregulated banking (which implies that they should feel the consequences, including failure) ... and "unbridled greed" shouldn't be held accountable and need to be bailed out whenever they really screwup.
When the going gets tough, banks yelp for nanny
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/26/ccjeff126.xml
for some additional drift to audit and financial statements ... that draws some references to enron and worldcom ... recent references from yesterday:
When Auditors Cave
http://norris.blogs.nytimes.com/2008/03/26/when-auditors-cave/?hp
Report Assails Auditor for Work at Failed Home Lender
http://www.nytimes.com/2008/03/26/business/26cnd-account.html?ei=5065&en=47d182368f31d7f9&ex=1207195200&partner=MYWAY&pagewanted=print
New Century faulted for improper accounting
http://money.cnn.com/2008/03/26/news/companies/new_century_financial.ap/?postversion=2008032621
New Century, KPMG are lambasted
http://www.ocregister.com/articles/report-new-century-2006250-accounting-company
and in the heat of the enron & worldcom aftermath ... gao study of financial restatements ... mostly from audit and reporting irregularities
'Financial Statement Restatements: Trends, Market Impacts, Regulatory
Responses, and Remaining Challenges'
http://www.gao.gov/products/GAO-03-138
from above:
While the average number of companies listed on NYSE, Nasdaq, and Amex
decreased 20 percent from 9,275 in 1997 to 7,446 in 2002, the number
of listed companies restating their financials increased from 83 in
1997 to a projected 220 in 2002 (a 165 percent increase) (table
1). Based on these projections, the proportion of listed companies
restating on a yearly basis is expected to more than triple from 0.89
percent in 1997 to almost 3 percent by the end of 2002. In total, the
number of restating companies is expected to represent about 10
percent of the average number of listed companies from 1997 to 2002.
... snip ...
along with
Financial Statement Restatement Database
http://www.gao.gov/new.items/d03395r.pdf
and more recent update (2006)
Financial Restatements: Update of Public Company Trends,
Market Impacts, and Regulatory Enforcement Activities
http://www.gao.gov/new.items/d06678.pdf
and:
Financial Restatement Database
http://www.gao.gov/new.items/d061053r.pdf
and update (2006)
https://www.gao.gov/products/gao-06-1079sp
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Thu, 27 Mar 2008 14:23:44Anne & Lynn Wheeler <lynn@garlic.com> writes:
previous references to PBS program that looked at the repeal of
Glass-Steagall ... the show The Wall Street Fix:
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/
includes:
WCOM: The Symbol of What Went Wrong
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/wcom/
Fixing the Street
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/fixing/
Mr. Weill Goes to Washington
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/
interview with Eliot Spitzer from above:
So you're saying the repeal of Glass-Steagall and the permission for
these huge superbanks is one of the proximate causes of the corruption
on Wall Street?
Absolutely. There's no question about it. On the day that I announced
the global settlement, on Dec. 20, [2002], I began by saying that the
problem at its root is a flawed business model, and that business
model is the product of a government regulatory decision to repeal
Glass-Steagall administratively and legislatively, and to seek this
tremendous concentration of power, and then the abuse of that power by
the investment houses.
But it was that effort to create these one full-service banks, and
that model that was the proximate cause for all of this.
... snip ...
previously mentioned piece on demise of Glass-Steagall ... repealed with
GLBA 21Oct99.
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
also from above:
On Oct. 22, Weill and John Reed issue a statement congratulating
Congress and President Clinton, including 19 administration officials
and lawmakers by name. The House and Senate approve a final version of
the bill on Nov. 4, and Clinton signs it into law later that month.
... snip ...
search of recent news items mentioning repeal of Glass-Steagall ...
the half-dozen or so most recent:
Congress looking for broader fixes for U.S. economy
http://www.csmonitor.com/2008/0328/p02s02-usec.html
Obama Calls for Overhaul of Financial Regulations
http://www.bloomberg.com/apps/news?pid=20601087&sid=asQMiFD4v_MU&refer=home
Obama campaign picks up on Krugman's good advice
http://www.thecarpetbaggerreport.com/archives/15031.html
Obama Remarks on Economy
http://www.washingtonpost.com/wp-dyn/content/article/2008/03/27/AR2008032701631.html
The Swamp: Obama: 'Economy is in a recession'
http://weblogs.baltimoresun.com/news/politics/blog/2008/03/obama_economy_is_in_recession.html
Fed May Gain Influence From Crisis at SEC's Expense
http://www.bloomberg.com/apps/news?pid=20601087&sid=arSZbp8CA_JE&refer=home
Who Gets Us Out of the Mess?
http://news.yahoo.com/s/huffpost/20080326/cm_huffpost/093401
Two Senate Panels to Investigate Bear Stearns Deal
http://www.nytimes.com/2008/03/26/business/26cnd-paulson.html?hp
....
recent posts mentioning the PBS program:
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
https://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Innovation: biggest draw in the West Newsgroups: alt.folklore.computers Date: Thu, 27 Mar 2008 17:29:45Innovation: biggest draw in the West
from above:
For Westerners, there are disturbing similarities between the history of
the region's textile industry and the story still being written for its
high-tech sector. Both experienced explosive growth and then
decline--complete collapse in the case of textiles, and a continued
slide for tech.
... snip ...
some of this is related to various threads regarding need for highly
educated and skilled workers
https://www.garlic.com/~lynn/2008.html#39 competitiveness
https://www.garlic.com/~lynn/2008.html#52 Education ranking
https://www.garlic.com/~lynn/2008.html#55 Education ranking
https://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#60 Education ranking
https://www.garlic.com/~lynn/2008.html#62 competitiveness
https://www.garlic.com/~lynn/2008.html#73 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#81 Education ranking
https://www.garlic.com/~lynn/2008.html#83 Education ranking
https://www.garlic.com/~lynn/2008b.html#6 Science and Engineering Indicators 2008
https://www.garlic.com/~lynn/2008b.html#13 Education ranking
https://www.garlic.com/~lynn/2008c.html#56 Toyota Beats GM in Global Production
https://www.garlic.com/~lynn/2008d.html#38 outsourcing moving up value chain
https://www.garlic.com/~lynn/2008d.html#55 was: 1975 movie "Three Days of the Condor" tech stuff
https://www.garlic.com/~lynn/2008d.html#74 Price of CPU seconds
https://www.garlic.com/~lynn/2008d.html#86 U.S. Science Funding Hits a Political Wall
https://www.garlic.com/~lynn/2008e.html#37 was: 1975 movie "Three Days of the Condor" tech stuff
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#71 US aerospace and defense sector braces for potential brain drain as Cold War workers retire
https://www.garlic.com/~lynn/2008f.html#22 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008f.html#81 Is IT becoming extinct?
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Workplace War for Age and Talent Newsgroups: alt.folklore.computers Date: Thu, 27 Mar 2008 19:50:39The Workplace War for Age and Talent
from above:
A study from the American Society of Training and Development shows that
76 million Baby Boomers, those born between 1946 and 1964, will be
retiring over the next 20 years, but only 46 million workers will be
available to replace them, most of who are referred to as Generation X,
those born between 1965 and 1979, and Generation Y or Millennials, those
born after 1980.
... snip ...
above quantity issue is somewhat separate from quality issue:
https://www.garlic.com/~lynn/2008e.html#61 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008e.html#63 Study Finds Sharp Math, Science Skills Help Expand Economy
https://www.garlic.com/~lynn/2008f.html#22 Study Finds Sharp Math, Science Skills Help Expand Economy
and
https://www.garlic.com/~lynn/2008f.html#98 Innovation: biggest draw in the West
a few past baby-boomer "replacements" posts
https://www.garlic.com/~lynn/2007q.html#42 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007s.html#63 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#1 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007t.html#43 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007u.html#82 Education ranking
https://www.garlic.com/~lynn/2008f.html#40 IBM sees decline in number of U.S IT pros, boom in China
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40+yrs virtualization experience (since Jan68), online at home since Mar70