From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Bush - place in history Newsgroups: alt.folklore.computers Date: Fri, 28 Mar 2008 10:12:08Morten Reistad <first@last.name> writes:
news items related to senate hearings on BEAR bailout are raising issue
whether it was loan to jpm or FED buying BEAR. supposedly there is some
clause that after liquidation, FED gets the proceeds in excess of some
value. there were earlier comments that even if there turns out to be
the effect of a subsidy, it would have been worse to let the systemic
risk play out (dominos falling).
https://www.garlic.com/~lynn/2008f.html#89 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The Workplace War for Age and Talent Newsgroups: alt.folklore.computers Date: Fri, 28 Mar 2008 13:47:48Anne & Lynn Wheeler <lynn@garlic.com> writes:
the baby boomers something like quadruple the number of retirees ... they are replaced with little over half the number of workers ... with much lower avg. education and skill level ... so (relative) avg. salary might be 1/2 (or less taking into global competitiveness considerations).
possibly four times the retirees; 1/4th (or less) the aggregate employee income base ... translates into something like 1/16th the revenue base per retiree ... significantly adding stress to existing (not fully-funded, pay-as-you-ago) social security operation.
recent posts mentioning presentations by (retiring) comptroller general
pointing out that such obligations could grow until they totally swamp
all other fed. gov. budget items
https://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008d.html#40 Computer Science Education: Where Are the Software Engineers of Tomorrow?
who heads up gao ... other recent posts mentioning gao reports
https://www.garlic.com/~lynn/2008b.html#73 Is The Government Reselling Tapes With Sensitive Data?
https://www.garlic.com/~lynn/2008c.html#48 Data Erasure Products
also recent reports on accounting restatements by publicly traded
companies:
https://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
today there were a couple items about fed. gov. possibly bringing charges against a accounting firm (including random speculation that it might go the same way as anderson) mentioned in the above.
a few other recent posts mentioning enron &/or worldcom
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/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
--
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, 29 Mar 2008 12:16:19Anne & Lynn Wheeler <lynn@garlic.com> writes:
there are fixes and then there are fixes
How to crack the credit crunch; Fixing Wall Street means getting
investors better information - and the sooner the better
http://money.cnn.com/2008/03/27/news/fed-information.fortune/index.htm?postversion=2008032911
decade old post mentioning transparency need for mortgage-backed
securities
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
reference to primary purpose of such instruments originally was to
obfuscate the underlying value:
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
Treasury department's financial system overhaul proposal
http://biz.yahoo.com/cnnm/080329/032908_financial_overhaul.html
other posts mentioning repeal of Glass-Steagall ... allowing
non-regulated investment banking to contaminate regulated activity
requiring safety/soundness
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
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
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: It's Too Darn Hot Newsgroups: alt.folklore.computers Date: Sun, 30 Mar 2008 09:28:26re:
Iceland Woos Data Centers As Power Costs Soar
http://hardware.slashdot.org/hardware/08/03/29/2331218.shtml
from above:
Electricity consumption for US data centers more than doubled between
2000 and 2006. Among the other stats: for every dollar spent on
computing equipment in data centers, an additional half dollar is spent
each year to power and cool them;
... snip ...
It's Too Darn Hot; The huge cost of powering - and cooling - data
centers has the tech industry scrambling for energy efficiency
http://www.businessweek.com/magazine/content/08_13/b4077060400752.htm?campaign
from above:
It's a testament to the challenges companies face in operating data
centers that Google (GOOG), Yahoo! (YHOO), and Microsoft (MSFT) have all
checked out this remote corner of the world (although none has made a
commitment so far). The reason: Iceland has a rare combination of vacant
land, cheap geothermal energy, and chilly climate that makes cooling a
data center nearly free.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: CDOs subverting Boyd's OODA-loop Newsgroups: alt.folklore.computers Date: Sun, 30 Mar 2008 10:27:34CDOs as mechanism short-circuiting traditional financial governing feedback processes .... as long as mortgage quality played a factor, there would be limit on the number of bad mortgages and the resulting damage done to the financial system.
This can be construed within the framework of Boyd's feedback OODA-loop
... where the observe aspect was subverted (CDOs crippling being able to
observe mortgage quality).
https://www.garlic.com/~lynn/subboyd.html#boyd
https://www.garlic.com/~lynn/subboyd.html#boyd2
past references to toxic CDOs created during the S&L crisis to obfuscate
value of underlying properties
https://www.garlic.com/~lynn/2008f.html#53 independent appraisers
https://www.garlic.com/~lynn/2008f.html#57 independent appraisers
decade old post that also strayed into the issue of value transparency
for mortgage back securities
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
Traditional market, mortgage originators have to pay attention to all the long-standing rules ... otherwise they are stuck with a lot of questionable mortgages and quickly start loosing money (which would act as feedback drawing a halt to such questionable activity).
With toxic CDOs, there is little attention to mortgage quality ... they can unload blatently unprofitable mortgages as toxic CDOs and repeat the process. Now their revenue is uncoupled from the quality of the mortgage and they can (theoretically) originate mortgages as fast as possible (without regard to quality). Now the major toxic CDO players have an objective of generating as many mortgages as possible, for passing along through the process.
Removing the quality aspect (via toxic CDO obfuscation, blinding observe) in the mortgage (feedback) process helps fuel enormous real estate speculation. With mortgage quality uncoupled from the process ... it also starts uncoupling the underlying property values, starting to let them run wild in much the same way that mortgage origination is allowed to "free wheel" (real estate speculators and the mortgage originators start a unsustainable frenzy, feeding off each other).
Nominally such frenzy speculation would have been cleanly separated from regulated banking infrastructure, something learned in the crash of '29 ... and codified by Glass-Steagall. However the repeal of Glass-Steagall contributed to the effects of the speculation frenzy spreading out into the regulated banking infrastructure.
A similar case can be made for financial reporting (for public traded
companies) being the observe part of Boyd OODA-loop ... and audit
failures and financial restatements subverting the observe part of
the operation. recent posts
https://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#1 The Workplace War for Age and Talent
recent posts mentioning mortgage-backed securities, underlying
value and decade old post:
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#90 Computer Science Education: Where Are the Software Engineers of Tomorrow?
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#13 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#63 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/2008f.html#14 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#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#77 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#79 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
other posts mentioning Glass-Steagall:
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#53 independent appraisers
https://www.garlic.com/~lynn/2008f.html#73 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The Workplace War for Age and Talent Newsgroups: alt.folklore.computers Date: Sun, 30 Mar 2008 10:53:42Anne & Lynn Wheeler <lynn@garlic.com> writes:
cspan is currently (re)broadcasting (from tuesday) a press conference by the social security trustees on their annual review and report to congress. there was comment that the projected turning point in social security is 2011.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: It's Too Darn Hot Newsgroups: alt.folklore.computers Date: Sun, 30 Mar 2008 15:15:40Quadibloc <jsavard@ecn.ab.ca> writes:
50s, 60s, and thru much of the 70s ... hardware/systems were dominating costs.
80s saw mid-range and workstations using "commodity" hardware and portable operating systems. thru the 70s, hardware vendors had as much expense in developing operating system. with portable operating system in the 80s ... vendor costs to bring out a new system was dramatically reduced.
at the same time personal computing with little complexity requirement were coming out ... starting with little better than embedded system technology ... with application providing much of feature/function (w/o having to rely on much from underlying operating system). This also saw upswing in "COTS" (commercial off the shelf), aka development and support costs amortized over much large install base (frequently more than offsetting competitive advantage of customized roll-your-own implementations).
by late 80s, competition from workstations and growing power of personal computing was both commoditizing hardware (volume manufacturing) was started to overtake traditional proprietary computing at the low-end and extended up through the mid-range.
the commoditizing of hardware and systems was leaving people costs as major item in IT budgets. in the 90s there was lots of talk about killer micros .... IT departments could be mostly eliminated by having each user perform their own maintenance activities. There was also numerous disastrous failures of attempting migration of critical legacy business critical applications to highly parallel clustered operation.
Up through the current period there was ever increasing commoditizing of hardware and system costs ... frequently "throwing" hardware at a problem, frequently in lieu of sophisticated tailored operations requiring scarce skill and talent.
The ever increasing system commoditizing (with ever increasing volumes) and culture of throwing (cheap) hardware at problems (in lieu of carefully considered operations requiring scarce skill and talent) has led to many of these systems operating at 10-20 percent utilization (or even less)
With continued dramatic reduction in system costs with commoditization and culture of throwing (cheap) hardware at problems ... other infrastructure costs would start to dominate. This was somewhat seen in the 70s & 80s with the shift from hardware dominating costs to people frequently dominating costs. The appearance of energy as a dominating cost can be seen as a natural progression (with system costs ongoing radical declines w/o similar decline in other infrastructure costs).
A somewhat analogous case could be made about the proliferation in personal transportation resulting in energy starting to become an increasing factor in that sector.
The other emerging factor is rise of virtual machine technology.
Starting in the 60s, i saw virtual machine technology being used to
partition and simplify of lots of computing operations. This reduction
in complexity contributed to being able to better address security
issues as well as resource utilization efficiency. lots of past
posts mentioining science center where original virtual machine
activity started in the mid-60s
https://www.garlic.com/~lynn/subtopic.html#545tech
Virtual machine technology has somewhat been ignored in the commoditized market segment ... but the increasing security and resource problems in this market segment ... has resulted in virtual machine technology gaining foothold in this market segment.
Partitioning and complexity reduction can go a long ways to mitigating lots of the existing security problems constantly being encountered by customers.
In old-fashion, traditional computing practices, scarce people skills and resources were required to have large number of application co-exist sharing common resources (leading to frequent practice of "throwing" hardware at problems). Virtual machine technology allos for much lower skill & resources to support sharing multiple different applications on common hardware resources. Common claims are reducing the number of hardware systems by factor of 5-10 (with corresponding increase in resource & energy efficiency) ... although the periodically cited downside is corresponding reduction in number of new systems sold.
One could also claim that the rise of multi-core operation also contributes to increased virtual machine deployments ... since more independent operations can be multiplexed concurrently on the multiple processors.
Of course, the most mature of these virtual machine technologies is what is running on the "latest" zSeries. There is support for both LPARs (a subset of virtual machine function embedded as part of the hardware operation) as well as virtual machine software hypervisor/operating system. Early in the days of getting linux running on mainframe, somebody did a demonstration of something like 42,000 concurrent linux virtual machines in a LPAR (i.e. under virtual machine operating system running in LPAR subset of full machine).
various recent posts on the subject of virtual machines
https://www.garlic.com/~lynn/2007.html#12 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2007b.html#21 history question
https://www.garlic.com/~lynn/2007c.html#2 some old network related discussion
https://www.garlic.com/~lynn/2007c.html#23 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007d.html#3 Has anyone ever used self-modifying microcode? Would it even be useful?
https://www.garlic.com/~lynn/2007d.html#23 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007d.html#32 Running OS/390 on z9 BC
https://www.garlic.com/~lynn/2007d.html#41 Is computer history taugh now?
https://www.garlic.com/~lynn/2007d.html#46 Has anyone ever used self-modifying microcode? Would it even be useful?
https://www.garlic.com/~lynn/2007d.html#48 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007d.html#61 ISA Support for Multithreading
https://www.garlic.com/~lynn/2007d.html#65 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007e.html#1 Designing database tables for performance?
https://www.garlic.com/~lynn/2007e.html#20 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007e.html#21 A way to speed up level 1 caches
https://www.garlic.com/~lynn/2007e.html#27 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007f.html#6 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007f.html#7 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007f.html#10 Beyond multicore
https://www.garlic.com/~lynn/2007f.html#20 Historical curiosity question
https://www.garlic.com/~lynn/2007f.html#25 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007f.html#33 Historical curiosity question
https://www.garlic.com/~lynn/2007f.html#34 Historical curiosity question
https://www.garlic.com/~lynn/2007f.html#59 virtual machines, the new, old thing (again)
https://www.garlic.com/~lynn/2007f.html#66 IBM System z9
https://www.garlic.com/~lynn/2007g.html#61 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007g.html#70 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007g.html#72 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007h.html#2 The Mainframe in 10 Years
https://www.garlic.com/~lynn/2007h.html#7 The Mainframe in 10 Years
https://www.garlic.com/~lynn/2007i.html#14 when was MMU virtualization first considered practical?
https://www.garlic.com/~lynn/2007i.html#15 when was MMU virtualization first considered practical?
https://www.garlic.com/~lynn/2007i.html#16 when was MMU virtualization first considered practical?
https://www.garlic.com/~lynn/2007i.html#20 Does anyone know of a documented case of VM being penetrated by hackers?
https://www.garlic.com/~lynn/2007i.html#29 Does anyone know of a documented case of VM being penetrated by hackers?
https://www.garlic.com/~lynn/2007l.html#63 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007l.html#65 mainframe = superserver
https://www.garlic.com/~lynn/2007m.html#11 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007m.html#22 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007m.html#47 Capacity and Relational Database
https://www.garlic.com/~lynn/2007m.html#51 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007m.html#52 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007m.html#53 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007m.html#56 Capacity and Relational Database
https://www.garlic.com/~lynn/2007m.html#57 The Development of the Vital IBM PC in Spite of the Corporate Culture of IBM
https://www.garlic.com/~lynn/2007m.html#60 Scholars needed to build a computer history bibliography
https://www.garlic.com/~lynn/2007m.html#64 Operating systems are old and busted
https://www.garlic.com/~lynn/2007m.html#67 Operating systems are old and busted
https://www.garlic.com/~lynn/2007m.html#69 Operating systems are old and busted
https://www.garlic.com/~lynn/2007n.html#10 The top 10 dead (or dying) computer skills
https://www.garlic.com/~lynn/2007n.html#23 What if phone company had developed Internet?
https://www.garlic.com/~lynn/2007n.html#26 VM system kept NYSE running
https://www.garlic.com/~lynn/2007n.html#27 What if phone company had developed Internet?
https://www.garlic.com/~lynn/2007n.html#35 IBM obsoleting mainframe hardware
https://www.garlic.com/~lynn/2007n.html#87 Why is not AIX ported to z/Series?
https://www.garlic.com/~lynn/2007n.html#92 vm 35th b'day at share in san diego next week
https://www.garlic.com/~lynn/2007n.html#96 some questions about System z PR/SM
https://www.garlic.com/~lynn/2007o.html#1 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2007o.html#2 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2007o.html#3 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2007o.html#7 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2007o.html#9 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2007o.html#37 Each CPU usage
https://www.garlic.com/~lynn/2007o.html#38 It's No Secret: VMware to Develop Secure Systems for NSA
https://www.garlic.com/~lynn/2007o.html#39 It's No Secret: VMware to Develop Secure Systems for NSA
https://www.garlic.com/~lynn/2007o.html#42 mainframe performance, was Is a RISC chip more expensive?
https://www.garlic.com/~lynn/2007p.html#14 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#19 zH/OS (z/OS on Hercules for personal use only)
https://www.garlic.com/~lynn/2007p.html#28 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#35 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007q.html#3 Virtualization: Don't Ask, Don't Tell
https://www.garlic.com/~lynn/2007q.html#16 History dictates future of virtualization
https://www.garlic.com/~lynn/2007q.html#22 Enterprise: Accelerating the Progress of Linux
https://www.garlic.com/~lynn/2007q.html#25 VMware: New King Of The Data Center?
https://www.garlic.com/~lynn/2007q.html#49 Slimmed Down Windows Offers Glimpse Into Microsoft's Virtualization Ambitions
https://www.garlic.com/~lynn/2007q.html#59 Virtualization: Everybody's Doing It, but Few Know How
https://www.garlic.com/~lynn/2007q.html#64 Virtual Browsers: Disposable Security
https://www.garlic.com/~lynn/2007q.html#66 Direction of Stack Growth
https://www.garlic.com/~lynn/2007r.html#5 The history of Structure capabilities
https://www.garlic.com/~lynn/2007r.html#42 New 'virtual IT job' could be very real
https://www.garlic.com/~lynn/2007s.html#0 Marines look for a few less servers, via virtualization
https://www.garlic.com/~lynn/2007s.html#4 Why do we think virtualization is new?
https://www.garlic.com/~lynn/2007s.html#19 Intel Ships Power-Efficient Penryn CPUs
https://www.garlic.com/~lynn/2007s.html#26 Oracle Introduces Oracle VM As It Leaps Into Virtualization
https://www.garlic.com/~lynn/2007s.html#27 Oracle Introduces Oracle VM As It Leaps Into Virtualization
https://www.garlic.com/~lynn/2007s.html#29 Intel Ships Power-Efficient Penryn CPUs
https://www.garlic.com/~lynn/2007s.html#33 Age of IBM VM
https://www.garlic.com/~lynn/2007s.html#35 Oracle Introduces Oracle VM As It Leaps Into Virtualization
https://www.garlic.com/~lynn/2007s.html#36 Oracle Introduces Oracle VM As It Leaps Into Virtualization
https://www.garlic.com/~lynn/2007s.html#40 ongoing rush to the new, 40+ yr old virtual machine technology
https://www.garlic.com/~lynn/2007s.html#42 ongoing rush to the new, 40+ yr old virtual machine technology
https://www.garlic.com/~lynn/2007s.html#45 "Server" processors for numbercrunching?
https://www.garlic.com/~lynn/2007s.html#48 ongoing rush to the new, 40+ yr old virtual machine technology
https://www.garlic.com/~lynn/2007s.html#53 ongoing rush to the new, 40+ yr old virtual machine technology
https://www.garlic.com/~lynn/2007s.html#54 ongoing rush to the new, 40+ yr old virtual machine technology
https://www.garlic.com/~lynn/2007t.html#26 more fun with new, 40yr old technology
https://www.garlic.com/~lynn/2007t.html#29 more fun with new, 40yr old technology
https://www.garlic.com/~lynn/2007t.html#44 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007t.html#54 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007t.html#55 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007t.html#64 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007t.html#67 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007t.html#71 T3 Sues IBM To Break its Mainframe Monopoly
https://www.garlic.com/~lynn/2007t.html#72 Remembering the CDC 6600
https://www.garlic.com/~lynn/2007u.html#9 Open z architecture and Linux questions
https://www.garlic.com/~lynn/2007u.html#13 new 40+ yr old, disruptive technology
https://www.garlic.com/~lynn/2007u.html#19 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#23 T3 Sues IBM To Break its Mainframe Monopoly
https://www.garlic.com/~lynn/2007u.html#31 Public Computers
https://www.garlic.com/~lynn/2007u.html#39 New, 40+ yr old, direction in operating systems
https://www.garlic.com/~lynn/2007u.html#41 New, 40+ yr old, direction in operating systems
https://www.garlic.com/~lynn/2007u.html#73 New, 40+ yr old, direction in operating systems
https://www.garlic.com/~lynn/2007u.html#77 IBM Floating-point myths
https://www.garlic.com/~lynn/2007u.html#81 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007u.html#83 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007v.html#0 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007v.html#8 Virtualization still hot, death of antivirus software imminent
https://www.garlic.com/~lynn/2007v.html#11 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007v.html#13 Ageing data centers limiting benefits of new technologies
https://www.garlic.com/~lynn/2007v.html#17 Amazon's "Simple" Database
https://www.garlic.com/~lynn/2007v.html#35 Inside a Modern Malware Distribution System
https://www.garlic.com/~lynn/2007v.html#36 folklore indeed
https://www.garlic.com/~lynn/2007v.html#40 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007v.html#48 IBM mainframe history, was Floating-point myths
https://www.garlic.com/~lynn/2007v.html#57 folklore indeed
https://www.garlic.com/~lynn/2007v.html#68 It keeps getting uglier
https://www.garlic.com/~lynn/2007v.html#75 virtual appliance
https://www.garlic.com/~lynn/2008.html#10 For the History buff's an IBM 5150 pc
https://www.garlic.com/~lynn/2008.html#12 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008.html#17 Usefulness of bidirectional read/write?
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#33 JCL parms
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/2008.html#88 folklore indeed
https://www.garlic.com/~lynn/2008.html#89 folklore indeed
https://www.garlic.com/~lynn/2008b.html#3 on-demand computing
https://www.garlic.com/~lynn/2008b.html#4 folklore indeed
https://www.garlic.com/~lynn/2008b.html#8 on-demand computing
https://www.garlic.com/~lynn/2008b.html#11 folklore indeed
https://www.garlic.com/~lynn/2008b.html#18 Flash memory arrays
https://www.garlic.com/~lynn/2008b.html#24 folklore indeed
https://www.garlic.com/~lynn/2008b.html#27 Re-hosting IMB-MAIN
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#49 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008c.html#50 Migration from Mainframe to othre platforms - the othe bell?
https://www.garlic.com/~lynn/2008c.html#54 Migration from Mainframe to othre platforms - the othe bel?
https://www.garlic.com/~lynn/2008c.html#55 Kernels
https://www.garlic.com/~lynn/2008c.html#60 Job ad for z/OS systems programmer trainee
https://www.garlic.com/~lynn/2008c.html#61 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008c.html#65 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008c.html#72 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008c.html#78 CPU time differences for the same job
https://www.garlic.com/~lynn/2008c.html#82 CPU time differences for the same job
https://www.garlic.com/~lynn/2008c.html#83 CPU time differences for the same job
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#32 Interesting Mainframe Article: 5 Myths Exposed
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#54 Throwaway cores
https://www.garlic.com/~lynn/2008d.html#57 Fwd: Linux zSeries questions
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#68 Regarding the virtual machines
https://www.garlic.com/~lynn/2008d.html#69 Regarding the virtual machines
https://www.garlic.com/~lynn/2008d.html#82 Migration from Mainframe to othre platforms - the othe bell?
https://www.garlic.com/~lynn/2008d.html#83 Migration from Mainframe to othre platforms - the othe bell?
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#11 Kernels
https://www.garlic.com/~lynn/2008e.html#15 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#67 Any benefit to programming a RISC processor by hand?
https://www.garlic.com/~lynn/2008f.html#31 confluence of virtualization and trusted computing
https://www.garlic.com/~lynn/2008f.html#35 confluence of virtualization and trusted computing
https://www.garlic.com/~lynn/2008f.html#63 Antivirus Inventor: Security Departments Are Wasting Their Time
https://www.garlic.com/~lynn/2008f.html#67 Virtualization's security threats
https://www.garlic.com/~lynn/2008f.html#68 Virtualization's security threats
--
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: Sun, 30 Mar 2008 16:05:41bbreynolds <bbreynolds@aol.com> writes:
recent news items:
Major international collaboration offers new clues to genetics of type
2 diabetes
http://www.eurekalert.org/pub_releases/2008-03/wt-mic032708.php
Eleven Genetic Variations Linked To Type 2 Diabetes, New Mathematical Tools Show
http://www.sciencedaily.com/releases/2008/03/080324124643.htm
Six New Genes Associated With Type 2 Diabetes Discovered, Including One
With Role In Prostate Cancer
http://www.sciencedaily.com/releases/2008/03/080330140015.htm
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Hannaford case exposes holes in law, some say Newsgroups: alt.folklore.computers Date: Sun, 30 Mar 2008 16:19:45re:
Hannaford case exposes holes in law, some say
http://www.boston.com/business/articles/2008/03/30/hannaford_case_exposes_holes_in_law_some_say/
from above:
A security breach at grocery chain Hannaford Brothers Cos. is testing
the teeth in Massachusetts' new data-privacy law.
The law, passed last year, requires companies to notify officials and
residents when they lose control of records that could lead to the theft
of such information as a person's name and credit card number. State
officials say the law applied in the case of Hannaford, which disclosed
on March 17 that 4.2 million credit and debit card numbers were
potentially exposed to fraud.
... snip ...
and ...
Data Breach Notification Laws, State By State
http://www.csoonline.com/article/221322
previous posts referencing part of x9.59 financial standard
https://www.garlic.com/~lynn/x959.html#x959
... included work directed at eliminating account fraud as a
threat/vulnerability associated with such data breaches (didn't do
anything to eliminate such breaches ... just eliminated much of the
ability for crooks to make any use of the information for fraudulent
transactions):
https://www.garlic.com/~lynn/aadsm28.htm#50 Liability for breaches: do we need new laws?
https://www.garlic.com/~lynn/aadsm28.htm#51 Liability for breaches: do we need new laws?
past posts mentioning fraud, threats, vulnerabilities, exploits, and/or risks:
https://www.garlic.com/~lynn/subintegrity.html#fraud
as noted in previous posts, we had been brought in to help wordsmith
cal state (and later federal) electronic signature
legislation.
https://www.garlic.com/~lynn/subpubkey.html#signature
various of the parties were also involved in privacy related activity and had done some detailed consumer privacy studies ... finding that the two major issues were
• identity theft (i.e. using personal information for fraudulent activity)
• denial of service ... aka gov., commercial, private, public, etc institutions using personal information to the detriment of the individual.
this resulted in legislative activity with respect to both breach notification as well as opt-in/opt-out disclosures.
part of the problem was that it was perceived quite a bit of identity theft was resulting from breaches ... but because the actual breaches weren't being publicized, there was little or no work being done on preventing breaches. an alternative approach we had taken in the mid-90s with x9.59 standard was to eliminate much of the threat/vulnerability (& fraud) that could happen as the result of any breaches.
other recent items about hannaford breach:
Advanced tactic targeted grocer
http://www.boston.com/business/articles/2008/03/28/advanced_tactic_targeted_grocer/
Hundreds Of Servers Compromised In Hannaford Breach
http://www.informationweek.com/byte/news/personal-tech/desktop-apps/231602093
Details emerging on Hannaford data breach
http://www.networkworld.com/news/2008/052408-most-retailer-breaches-are-not.html
Malware cited in supermarket data breach
http://www.usatoday.com/tech/news/computersecurity/2008-03-28-malware-supermarket_N.htm
Targeted Malware Used in Hannaford Credit Card Heist (data breach)
http://www.eweek.com/c/a/Security/Targeted-Malware-Used-in-Hannaford-Credit-Card-Heist/
Hannaford cc data thieves planted malware on 300 servers
http://www.theregister.co.uk/2008/03/28/massive_credit_card_breach_explained/
Malware Cited in Supermarket Data Breach
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/03/28/financial/f085012D35.DTL
Hannaford says malware planted on its store servers stole card data
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9073138
Malware to blame in supermarket data breach
http://www.news.com/8301-10784_3-9905991-7.html
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Was CMS multi-tasking? Newsgroups: alt.folklore.computers Date: Mon, 31 Mar 2008 08:16:32Chris Barts <chbarts+usenet@gmail.com> writes:
when i was doing early pathlength optimization on cp67 kernel ...
originally starting out to significantly improve os360 thruput in
virtual machine ... old reference to part of presentation i made at
fall68 share meeting in Atlantic City:
https://www.garlic.com/~lynn/94.html#18 CP/67 & OS MFT14
https://www.garlic.com/~lynn/94.html#20 CP/67 & OS MFT14
I then got into multitasking scale-up of cp67 kernel with lots of
concurrent cms virtual machines ... and addressing some non-linear
scale-up issues ... then the whole dispatching/scheduling algorithms
https://www.garlic.com/~lynn/subtopic.html#fairshare
and page replacement algorithms.
https://www.garlic.com/~lynn/subtopic.html#wsclock
then one of the things i started looking at was cms related pathlength overhead. i found biggest (cp67) pathlength overhead running cms was doing cms disk file i/o simulation (sio instruction, channel program translation, lpsw entering wait state, and subsequent i/o interrupt simulation, etc). Since cms was single threaded operation ... i created a modified virtual machine channel i/o interface that did "synchronous" disk i/o operations. This significantly reduced virtual machine simulation overhead for cms ... w/o impacting its thruput (since it never did any concurrent operations during asynchronous i/o activity).
i got dinged by the people at the science center
https://www.garlic.com/~lynn/subtopic.html#545tech
because i had "violated" the purity of the 360 principles of operation in the way i did the implementation. however, the overhead reduction of the synchronous disk i/o was significant (and didn't otherwise impact cms thruput) ... that they came up with the DIAGNOSE instruction is defined in the 360 principles of operation as "model dependent" instruction ... and an abstraction of a virtual machine model dependent DIAGNOSE instruction implementation ... where the synchronous disk i/o operation was implemented with DIAGNOSE instruction (rather than interface that I had done in the original implementation).
a few old posts mentioning synchronous disk i/o:
https://www.garlic.com/~lynn/99.html#95 Early interupts on mainframes
https://www.garlic.com/~lynn/2002d.html#31 2 questions: diag 68 and calling convention
https://www.garlic.com/~lynn/2002h.html#62 history of CMS
https://www.garlic.com/~lynn/2003p.html#9 virtual-machine theory
https://www.garlic.com/~lynn/2005j.html#54 Q ALLOC PAGE vs. CP Q ALLOC vs ESAMAP
https://www.garlic.com/~lynn/2007c.html#23 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007d.html#28 SVCs
https://www.garlic.com/~lynn/2007f.html#33 Historical curiosity question
https://www.garlic.com/~lynn/2007p.html#72 A question for the Wheelers - Diagnose instruction
the cms kernel remained under 64kbytes for quite some time. so later
addition of multithreading would have been a relatively easy coding
activity. I haven't worked with CMS kernel code in going on two decades
... but I can see where the pipeline package ... which supported various
co-routine & asynchronous activity ... could be moved into the kernel
and enhanced ... would be a natural evoluation path. old reference to
some cms asynchronous activity
https://www.garlic.com/~lynn/96.html#4a
but aggregate thruput would be limited if synchronous file i/o was still being used.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Hannaford case exposes holes in law, some say Newsgroups: alt.folklore.computers Date: Mon, 31 Mar 2008 08:46:17jmfbahciv writes:
there have been lots of examples where information is published results in a lot more attention to the area and improves the integrity and quality.
I've claimed that something like that happened in early chipcard design
and deployment where skimming operations had been around for possibly a
decade before the design work on payment chipcards ... but the primary
countermeasures were for lost/stolen card, but deployments were still
trivially vulnerable to skimming attacks (which were starting to exceed
lost/stolen as a threat). this led to the yes card attack
https://www.garlic.com/~lynn/subintegrity.html#yescard
i.e. the lack of public information apparently resulted in lack of
information even within the industry and not paying equivalent
attention to skimming threats as was paid to lost/stolen card
threats. we looked at this in detail when doing x9.59 financial
standard
https://www.garlic.com/~lynn/x959.html#x959
and AADS chip strawman
https://www.garlic.com/~lynn/x959.html#aads
and skimming attacks basically shared common threat with security
breaches and data breaches ... basically crooks being able to use the
harvested information for effectively replay attacks ... using the
gathered information to perform fraudulent transactions. the x9.59
protocol standard approach wasn't to eliminate the ability to perform
skimming, data breaches and/or security breaches ... but was to
eliminate the ability of the crooks to use the harvested information
for fraudulent transactions ... misc. past posts mentioning harvesting
attacks
https://www.garlic.com/~lynn/subintegrity.html#harvest
lots of past posts mentioning fraud, threats, vulnerabilities,
threats, and/or exploits
https://www.garlic.com/~lynn/subintegrity.html#fraud
I would claim that the whole common criteria and protection profile stuff is to provide similar public information that raises customer awareness.
another example I've used is RAS operation ... a specific situation i
used was in keynote talk i gave at nasa high dependable computing
conference
https://web.archive.org/web/20011004023230/http://www.hdcc.cs.cmu.edu/may01/index.html
somewhat because of clone mainframes ... a commercial service grew-up that collected customer mainframe erep reports ... annonymized the information (somewhat akin to HIPAA privacy requirements) and published RAS numbers ... allowing customers to compare different vendor products.
i got caught in situation were i had done driver support for oem vendors channel extender (allowing local channel attached devices to be located remoted ... possibly including connection through some sort of telco operation ... like T1). As part of the design, I had chosen to emulate "CHANNEL CHECK" status for various unrecoverable errors ... that then would go through higher level recovery operation.
Several years later, 3090 processors had been in customer shops for a year ... and the product manager tracked me down with an extremely severe problem. The commercial RAS service was showing that 3090s had something like 20 channel check errors. This was a real problem. 3090 had been design so that there would only be a total of 3-5 channel check errors (that is not 3-5 channel check errors per customer per year; ... that is aggregate of 3-5 channel check errors across all customer installed 3090s per year). It turned out that the additional 15 or so channel check errors were from the channel extender software driver. So a little fiddling, I determined that if IFCC (interface control check) were simualted instead of CC, it would basically go through the identical operating system recovery operations.
This level of attention would never have happened if the information wasn't being published.
I asked all the other vendors in the meeting, how many of them actually collected and/or knew detailed RAS numbers for all customer machines (whether or not they were published).
past posts mentioning the 3090 channel check story
https://www.garlic.com/~lynn/94.html#24 CP spooling & programming technology
https://www.garlic.com/~lynn/96.html#27 Mainframes & Unix
https://www.garlic.com/~lynn/2004j.html#19 Wars against bad things
https://www.garlic.com/~lynn/2004q.html#51 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005d.html#28 Adversarial Testing, was Re: Thou shalt have no
https://www.garlic.com/~lynn/2005e.html#13 Device and channel
https://www.garlic.com/~lynn/2005u.html#22 Channel Distances
https://www.garlic.com/~lynn/2006b.html#21 IBM 3090/VM Humor
https://www.garlic.com/~lynn/2006i.html#34 TOD clock discussion
https://www.garlic.com/~lynn/2006n.html#35 The very first text editor
https://www.garlic.com/~lynn/2006y.html#43 Remote Tape drives
https://www.garlic.com/~lynn/2007f.html#53 Is computer history taught now?
https://www.garlic.com/~lynn/2007l.html#7 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: Hannaford case exposes holes in law, some say Newsgroups: alt.folklore.computers Date: Mon, 31 Mar 2008 10:03:49jmfbahciv writes:
something similar showed up in discussion in critical infrastructure
meetings
https://en.wikipedia.org/wiki/Critical_Infrastructure_Protection
and setting up isacs
http://www.isaccouncil.org/
there was whole issue about whether information would be subject to freedom of information act ... but frequently that was a front for not wanting to share information because it possibly represented competitive advantage (trade-off individual interests against overall industry).
this can also be interpreted as "observe" within Boyd's OODA-loop
framework ... recent post
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
--
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: Tue, 01 Apr 2008 09:33:10Anne & Lynn Wheeler <lynn@garlic.com> writes:
UBS Says Ospel Resigns After Writedowns Lead to Loss
http://www.bloomberg.com/apps/news?pid=20601103
http://www.bloomberg.com/apps/news?pid=20601103&sid=atC1ZPCEta8U&refer=us
from above:
The bank will seek 15 billion francs in a rights offer to replenish
capital, on top of 13 billion francs already raised from investors in
Singapore and the Middle East. UBS will write down $19 billion on debt
securities, bringing the total to almost $38 billion since the third
quarter of 2007. Zurich-based UBS also said today it will cut jobs at
the investment bank.
... snip ...
Business channels are ridiculing UBS (and citibank) this morning ... saying that UBS is currently ahead in the write-down sweepstakes ... but Citibank hasn't been heard from yet ... and UBS replacing the chairman with the general counsel was a strategy that was also tried by Citibank.
decade old post mentioning that citibank almost went under in '89 from
exposure from variable rate mortgages and required infusion of private
capital to stay afloat
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
and more recent references to citibank (including receiving large
amount of infusion of private capital, mostly from overseas):
https://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008f.html#13 independent appraisers
https://www.garlic.com/~lynn/2008f.html#43 independent appraisers
https://www.garlic.com/~lynn/2008f.html#89 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
--
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: Tue, 01 Apr 2008 18:03:01re:
article from yesterday:
New capital raising to be costly for banks
http://www.guardian.co.uk/feedarticle?id=7426387
from above:
Sovereign wealth funds were prominent in the first round of capital
raising from November to January, with the Abu Dhabi Investment
Authority and the Government of Singapore Investment Corp (GIC), along
with others, putting more than $26 billion into Citigroup, and GIC
investing $15.6 billion in UBS.
.... snip ...
Above says that (at least) Abu Dhabi Investment Authority and the Government of Singapore Investment Corp (GIC) put more than $26 billion into Citigroup (as well as GIC putting nearly $16 billion in UBS)
Earlier news items quote Abu Dhabi (and some of the other investors) weren't planning on putting more into Citicorp (and the money put into Citicorp so far might not be enough).
posts with recent news items mentioning citi:
https://www.garlic.com/~lynn/2008c.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008f.html#15 independent appraisers
https://www.garlic.com/~lynn/2008f.html#16 independent appraisers
including:
Giant Write-Down Is Seen for Merrill
http://www.nytimes.com/2008/01/11/business/11wall.html?ref=business
Citigroup Could Write Down Up to $24 Billion
http://www.abcnews.go.com/Business/IndustryInfo/wireStory?id=4129442
Citigroup sinks on sovereign wealth fund comments
http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20080304.wcitigroup0304/business/Business/businessBN/ctv-business
Sovereign funds may not save Citigroup
http://news.yahoo.com/s/ap/20080304/ap_on_bi_ge/dubai_funds_citigroup;_ylt=AsePivnAVi0glJl3X.JLHk2yBhIF
Citigroup Slides
http://www.forbes.com/markets/2008/03/04/citigroup-subprime-dubai-markets-equity-cx_md_0304markets18.html?partner=moreover
Sovereign funds may not save Citigroup
http://www.miamiherald.com/business/AP/story/443584.html
Citigroup To Shrink Mortgage Holdings By $45 Billion
http://money.cnn.com/news/newsfeeds/articles/djf500/200803070425DOWJONESDJONLINE000534_FORTUNE5.htm
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
Bloomberg: Citigroup May Need Cash as Losses Mount
http://www.monitordaily.com/Story_Page.asp?News_ID=20829&Type=AlsoToday
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Was CMS multi-tasking? Newsgroups: alt.folklore.computers Date: Wed, 02 Apr 2008 11:17:20Chris Barts <chbarts+usenet@gmail.com> writes:
there may be some proportional issues, in the late 70s, there was situation where somebody used it to deploy ATM transaction processing on 370/158 (approx. 1mip processing) which was doing large number of ATM machine transactions per second. There was claim that it outperformed ACP implementation on 168. The current event rate "per MIP" for first-person shooters may actually be lower than many of these "high" transaction rate deployments from three decades ago.
Transactions initially came into a virtual machine dedicated to transaction routing ... which then looked around at at pool of transaction routing virtual machines and handed it off to first available. The transaction routing virtual machine had all sorts of fancy scheduling algorithms to optimize processor and disk arm throughput ... and would hand-off to transaction processing virtual machine "just in time".
Separating the transaction routing from transaction servicing ... significantly aided conceptually in being able to implement sophisticated transaction throughput in the transaction routing function. By comparison, ACP had been a monolithic transaction processing operation ... with very rudimentary sophistication in optimizing transaction throughput (other than minimizing overhead).
In some sense, vm/370 kernel had moved enormous amount of optimizing throughput with minimal pathlength into a separate component. Then it was much easier for independent implementation of other strategies in the other components (something extremely difficult or impossible in a monolithic implementation).
As an aside, the growing use of ACP in transaction processing outside the airline industry (especially in financial industry) led to rebranding ACP as TPF (transaction processing facility).
Another example of monolithic operation is the difficulty and late
timeframe it took TPF to getting around to supporting multiprocessing
(SMP) operation (possible drawing some parallels to current multi-core
situation). Numerous past posts about smp support (and/or invention of
compare&swap instruction)
https://www.garlic.com/~lynn/subtopic.html#smp
With the advent of 3081 ... there was supposedly not going to be any more single processor (high-end mainframe) offerings ... all future offerings were going to be multiprocessors. This created quite some difficulty for ACP/TPF since it didn't have multiprocessor support and it took quite awhile for ACP/TPF to get around to implementing multiprocessor support.
This became a real problem since ACP/TPF customers would have to start doing all there work under VM370 (which had multiprocessor support) ... running ACP/TPF in (single processor) virtual machines.
This prompted the vm370 development group to add a bunch of stuff to the kernel tailored to ACP/TPF running under vm370 on 3081 ... which turned out to have noticeable degradation for all the other customers running multiprocessor machines.
The situation became so severe, that they eventually they had to come out with 3083 that ran as single processor (primarily for ACP/TPF customers). Prior to 3081, multiprocessors were basically single processor machines that had special cabling and connections to operate in multiprocessor mode ... but could be configured to operate as multiple single processors. For the 3081, they introduced the term DYADIC since the two processors were in a single box and shared a lot of components (and couldn't be configured into two single independent processors).
One might wonder if there is some analogy with the current 3-core chips ... some speculation that they are really 4-core chips ... that had some manufacturing defect in only one of the cores.
Misc. past posts mentioning 3083:
https://www.garlic.com/~lynn/99.html#103 IBM 9020 computers used by FAA (was Re: EPO stories (was: HELP IT'S HOT!!!!!))
https://www.garlic.com/~lynn/2000b.html#65 oddly portable machines
https://www.garlic.com/~lynn/2000d.html#9 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2000f.html#69 TSS ancient history, was X86 ultimate CISC? designs)
https://www.garlic.com/~lynn/2001b.html#37 John Mashey's greatest hits
https://www.garlic.com/~lynn/2001c.html#13 LINUS for S/390
https://www.garlic.com/~lynn/2001j.html#17 I hate Compaq
https://www.garlic.com/~lynn/2002c.html#9 IBM Doesn't Make Small MP's Anymore
https://www.garlic.com/~lynn/2002i.html#83 HONE
https://www.garlic.com/~lynn/2002m.html#67 Tweaking old computers?
https://www.garlic.com/~lynn/2002o.html#28 TPF
https://www.garlic.com/~lynn/2002p.html#58 AMP vs SMP
https://www.garlic.com/~lynn/2003g.html#30 One Processor is bad?
https://www.garlic.com/~lynn/2003p.html#45 Saturation Design Point
https://www.garlic.com/~lynn/2004.html#7 Dyadic
https://www.garlic.com/~lynn/2004c.html#35 Computer-oriented license plates
https://www.garlic.com/~lynn/2004e.html#44 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2005.html#22 The Soul of Barb's New Machine (was Re: creat)
https://www.garlic.com/~lynn/2005j.html#16 Performance and Capacity Planning
https://www.garlic.com/~lynn/2005m.html#55 54 Processors?
https://www.garlic.com/~lynn/2005o.html#44 Intel engineer discusses their dual-core design
https://www.garlic.com/~lynn/2005s.html#7 Performance of zOS guest
https://www.garlic.com/~lynn/2005s.html#38 MVCIN instruction
https://www.garlic.com/~lynn/2006d.html#5 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006l.html#30 One or two CPUs - the pros & cons
https://www.garlic.com/~lynn/2006m.html#32 Old Hashing Routine
https://www.garlic.com/~lynn/2006n.html#16 On the 370/165 and the 360/85
https://www.garlic.com/~lynn/2007.html#44 vm/sp1
https://www.garlic.com/~lynn/2007g.html#16 What's a CPU second?
https://www.garlic.com/~lynn/2007o.html#37 Each CPU usage
https://www.garlic.com/~lynn/2008c.html#83 CPU time differences for the same job
https://www.garlic.com/~lynn/2008e.html#40 Fantasy-Land_Hierarchal_NUMA_Memory-Model_on_Vertical
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Original mcom.com Revived Newsgroups: alt.folklore.computers Date: Wed, 02 Apr 2008 12:00:45The Original mcom.com Revived
Happy Run Some Old Web Browsers Day!
http://jwz.livejournal.com/856745.html
and ...
as i've mentioned before ... two of the people in jan92 ha/cmp meeting
https://www.garlic.com/~lynn/95.html#13
later show up at small client/server startup responsible for something
called the commerce server. we were called in to consult because they
wanted to do payment transactions on their sever ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#gateway
which is now frequently referred to as electronic commerce.
--
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: Wed, 02 Apr 2008 12:22:10Anne & Lynn Wheeler <lynn@garlic.com> writes:
somewhat related interview:
On Markets and Complexity; Economist Robert C. Merton talks about the
current crisis, risk, and financial engineering.
http://www.technologyreview.com/Biztech/20501/
from above:
Today's financial crisis is often blamed on a system so complex as to be
beyond the comprehension of even its practitioners. (See "The Blow-Up.")
We asked Merton what he thinks of complexity--and whether he thinks
markets have too much of it.
... snip ...
as previously mentioned ... instruments originally created to obfuscate
the underlying value .... were used to package large number of credit
items (mortgages, loans, etc) which have a significant value component.
previous post drawing analogy to subverting *observe* part of
Boyd's OODA-loop
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
decade old post referencing need for transparency for accurate
valuation of these instruments
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
originators, who had been sensitive to underlying value, found that they could now unload their products (as these instruments) with no apparent regard to the underlying value. As a result they no longer needed to pay attention to the underlying value, and the only measure became how many could be turned out per unit time. It even appeared to be a benefit to promote significant value inflation ... which, in turn, attracted significant speculation activity (leading to run away value inflation).
the situation was aggravated with the repeal of Glass-Steagall allowing unregulated (sometimes extremely risky) investment activity would be allowed to contaminate regulated financial operations (which require high degree of safety and soundness).
recent 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
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
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
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Hannaford breach illustrates dangerous compliance mentality Newsgroups: alt.folklore.computers Date: Wed, 02 Apr 2008 12:43:20Hannaford breach illustrates dangerous compliance mentality
from above:
No one would argue that PCI, SOX et al haven't done some good things for
corporate America; certainly they have. But that's almost beside the
point now, because in some cases those benefits are outweighed by the
enormous amount of time and effort security staffs have to spend on
compliance, often at the expense of other projects. We're now beginning
to see the results of that compromise, and it's not a pretty picture.
... snip ...
previous posts
https://www.garlic.com/~lynn/2008g.html#8 Hannaford case exposes holes in law, some say
https://www.garlic.com/~lynn/2008g.html#10 Hannaford case exposes holes in law, some say
https://www.garlic.com/~lynn/2008g.html#11 Hannaford case exposes holes in law, some say
the other metaphor that we've used is naked transactions ... lots of
related posts
https://www.garlic.com/~lynn/subintegrity.html#payments
the x9a10 financial standard working group had been given the
requirement to preserve the integrity of the financial infrastructure
for all retail payments. after detailed end-to-end thread &
vulnerability study ... the x9.59 financial standard was produced
https://www.garlic.com/~lynn/x959.html#x959
part of the work in x9.59 was observation that there were an enormous number of points in the current infrastructure that could leak information (which contributed to our comment that the planet could be buried under miles of information-hiding encryption and still wouldn't prevent leaks) ... x9.59 took that tact of eliminating the information leakage as a threat. The current scenario is that attackers can leverage the harvested/leaked information as a form of replay attack for fraudulent transactions (account fraud as subcategory of identity theft). The x9.59 financial standard approach was to eliminate the crooks being able to use the information for fraudulent transactions. X9.59 did nothing to prevent the leakage ... it just eliminated financial fraud that happens in the current paradigm when information has leaked.
misc past posts mentioning burying the planet under miles of encryption
not being able to prevent the information leagage.
https://www.garlic.com/~lynn/aadsm25.htm#24 DDA cards may address the UK Chip&Pin woes
https://www.garlic.com/~lynn/aadsm26.htm#24 News.com: IBM donates new privacy tool to open-source Higgins
https://www.garlic.com/~lynn/2005v.html#2 ABN Tape - Found
https://www.garlic.com/~lynn/2006e.html#44 Does the Data Protection Act of 2005 Make Sense
https://www.garlic.com/~lynn/2006k.html#5 Value of an old IBM PS/2 CL57 SX Laptop
https://www.garlic.com/~lynn/2006k.html#18 Value of an old IBM PS/2 CL57 SX Laptop
https://www.garlic.com/~lynn/2006y.html#8 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007b.html#60 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007i.html#65 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007o.html#5 The Unexpected Fact about the First Computer Programmer
https://www.garlic.com/~lynn/2007o.html#28 EZPass: Yes, Big Brother IS Watching You!
https://www.garlic.com/~lynn/2007r.html#21 Is the media letting banks off the hook on payment card security
https://www.garlic.com/~lynn/2007s.html#16 The new urgency to fix online privacy
https://www.garlic.com/~lynn/2008.html#9 folklore indeed
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Wed, 02 Apr 2008 13:59:53eamacneil@YAHOO.CA (Ted MacNEIL) writes:
reboot quickly included quickly back up and operational in lights-out, unattended operation.
this helped allow cp67 to migrate into commercial time-sharing service.
first shift was obviously, fairly heavily used ... but offshift and
weekends use might be problematical ... making it difficult to justify
offshift availability unless costs were reduced to a minimum (i.e. no
operator). however, there were other characteristics that were needed.
back then, there was high percentage of leased systems ... and the
processor "meter" was used to establish monthly charges. in addition to
work on unattended/automated operation for cp67 ... there was also work
on how to get the meter to "stop" when the system was otherwise idle.
the system meter would run when the processor was executing and/or when
there was active i/o operations (and would coast for 400mills after
things quiesced). it took a little slight of hand to leave active i/o on
the (terminal) interface (able to responds to spontaneous terminal i/o)
and not have the meter run.
https://www.garlic.com/~lynn/submain.html#timeshare
for other topic drift ... posts related to getting to play disk engineer
in bldgs. 14 (disk engineering) and 15 (disk product test). at the time
they had tried operating test machines (processors used for testing
disks & controllers in development) under MVS ... but found it had a
MTBF of 15 minutes (hang and/or crash ... both requiring reboot).
https://www.garlic.com/~lynn/subtopic.html#disk
sort of as a hobby, putting together bullet proof operations where they could not only operate a single "test cell" ... but operate several concurrently (eliminated scheduling bottleneck for dedicated stand-alone single test at a time).
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Wed, 02 Apr 2008 16:24:38warcar@ATT.NET (Warren Brown) writes:
you can get a satellite photo of the old GPD/disk plant site here
http://maps.google.com/maps?hl=en&tab=wl
put in the address "5600 Cottle Rd, San Jose, Ca." and select satellite.
in the photo, bldgs. 14 & 15 are still standing and have cars in the lot
... old reference here
https://www.garlic.com/~lynn/subtopic.html#disk
bldgs. 12, 26, 28 and several other bldgs. are bulldozed.
there were recent news items about attempts to declare the bldg. in the upper left corner (intersection of railroad tracks, old monterey rd, & cottle) a historical bldg (keeping it from being bulldozed) ... but a recent fire destroyed much of the structure.
bldg. 28 was the old research facility (before almaden was built and
research moved up the hill). among other things, the original
relational/sql implementation, System/r was created in bldg. 28
(precursor to sql/ds, db2, etc).
https://www.garlic.com/~lynn/submain.html#systemr
bldg. 15 is one story structure just north of what use to be the plant site lake that was adjacent to the homestead facility (between bldg. 28 and homestead) ... nearly all the area north of highway 85 has been bulldozed (and in the "map" view ... much of the roads listed are gone)
bldg. 15 shows two parts with corridor between the two parts. the product test machine room was in the southern part, it included a large environmental chamber (control air pressure, humidity, etc) that could accommodate large full sized 3880 controllers and 3380 drives.
bldg. 14 is two story structure just north of 15. the disk engineering machine room was in the middle of the 2nd floor. in the 80s, when several bldgs were getting seismic retrofit, disk engineering was temporarily moved to an "off-site" location, while bldg. 14 got its seismic retrofit.
--
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: Wed, 02 Apr 2008 17:01:04Anne & Lynn Wheeler <lynn@garlic.com> writes:
from week or so ago:
Revealed: how sovereign wealth funds were left nursing multibillion losses
http://www.guardian.co.uk/business/2008/mar/22/banking.investmentfunds
from above:
In recent months, banks including Citigroup, Morgan Stanley and UBS have
turned to investment funds, including the Government of Singapore
Investment Corp (GIC), its sister fund, Temasek, and China Investment
Corp, for funding that western investors were unwilling to give as
stockmarkets plunged.
... snip ...
and ...
The pain shows no sign of letting up. Two months ago, Citigroup
announced it had plunged into the red over the past three months of 2007
and sliced its dividend almost in half as it wiped more than $18bn off
the value of its assets because of exposure to sub-prime mortgages. But
Wall Street analysts reckon the firm could record a further $15bn
write-down for this financial quarter.
... snip ...
Agreement on Sovereign Wealth Funds; The U.S., Singapore, and Abu Dhabi
have reached an accord that emphasizes transparency and the elimination
of political influence in investment decisions
http://www.businessweek.com/investing/insights/blog/archives/2008/09/fannie_mae_and.html
from above:
The International Monetary Fund (IMF) estimates the total asset size of
sovereign wealth funds at around $2 trillion to $3 trillion, with the
potential to grow to between $6 trillion and $10 trillion by 2013.
... snip ...
and from today:
CIC's Wang Says Sovereign Funds Not Treated Fairly
http://www.bloomberg.com/apps/news?pid=20601085
http://www.bloomberg.com/apps/news?pid=20601080&sid=aT7p7Hj3QXsk&refer=asia
from above:
Sovereign wealth funds have made investments of at least $59 billion in
the past year to shore up the balance sheets of Wall Street banks such
as Citigroup Inc. and Merrill Lynch & Co., dented by more than $232
billion of subprime-related writedowns and losses since the beginning of
2007.
... snip ...
--
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: Wed, 02 Apr 2008 17:35:29D.J. <solosam75@cableone.net> writes:
This was one of Boyd's examples that large part of WW2 in Europe was
based on resource and logistic superiority overwhelming the opposition.
Initially it started with rigid command&control structure to handle
deployment of large number of rapidly trained soldiers with little
experience (effectively substituting the orchestration of enormous
resources in lieu of skills and experience). misc. past posts
https://www.garlic.com/~lynn/subboyd.html#boyd
and various URLs from around the web
https://www.garlic.com/~lynn/subboyd.html#boyd2
It was also supposedly Boyd's battle plan used in the gulf conflict from the last decade as opposed to the proposed tank slugfest.
John Boyd: Architect of Modern Warfare
http://gtalumni.org/stayinformed/magazine/fall02/article3.html
from above:
When Desert Shield, the buildup for the Gulf War, began, then-Secretary
of Defense Dick Cheney summoned Boyd to Washington. After private
sessions with Boyd, Cheney threw out Gen. Norman Schwarzkopf's plans for
prosecuting the war and developed his own: a Marine Corps diversionary
feint at Kuwait while the Army raced far to the west in the now-famous
"left hook." Everything about the plan was out of Boyd's Patterns of
Conflict -- the multiple thrusts and deception operations created such
rampant confusion among enemy forces that they surrendered by the
thousands. America picked when and where it would fight and when and
where it would not fight — and won without a prolonged ground war.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Was CMS multi-tasking? Newsgroups: alt.folklore.computers Date: Wed, 02 Apr 2008 20:57:50Peter Flass <Peter_Flass@Yahoo.com> writes:
internally there was SPM originally implemented on cp67 and then ported to vm370.
instead of putting out SPM, they did VMCF, which was released in vm370 release 3 (mid-70s) ... which had a small subset of SPM. Then because VMCF wasn't enuf ... IUCV was released later (release 6, pre-sp) ... and VMCF plus IUCV was still a subset of SPM ... and SPM still wasn't released.
the networking implementation used in the internal network
https://www.garlic.com/~lynn/subnetwork.html#internalnet
supported SPM ... it was even in the version shipped to customers (even though SPM wasn't actually available).
some past references
https://www.garlic.com/~lynn/2004m.html#20 Whatever happened to IBM's VM PC software?
https://www.garlic.com/~lynn/2006k.html#51 other cp/cms history
https://www.garlic.com/~lynn/2006t.html#47 To RISC or not to RISC
https://www.garlic.com/~lynn/2006w.html#8 Why these original FORTRAN quirks?
https://www.garlic.com/~lynn/2006w.html#12 more secure communication over the network
https://www.garlic.com/~lynn/2006w.html#16 intersection between autolog command and cmsback (more history)
https://www.garlic.com/~lynn/2006w.html#52 IBM sues maker of Intel-based Mainframe clones
some old SPM related email:
https://www.garlic.com/~lynn/2006k.html#email851017
https://www.garlic.com/~lynn/2006w.html#email750430
spm was used by a number of other serivce virtual machines ... one
example was cjntel ... some old cjntel related email
https://www.garlic.com/~lynn/lhwemail.html#cjntel
it was also used by the cmsback service virtual machine (related
to handling personal restore requests)
https://www.garlic.com/~lynn/lhwemail.html#cmsback
including reference to this email
https://www.garlic.com/~lynn/2006w.html#email801211
in this post
https://www.garlic.com/~lynn/2006w.html#16 intersection between autolog command and cmsback (more history)
the above includes extract from 8jun79 SPM document.
the author of rexx also did a multi-user spacewar game for (cms) 3270s
... a monitor/server game controller ran in virtual machine and used
special message to communicate with all (cms) client virtual machines
... either on local machine or on remote machines (leveraging special
message transparency via the internal network support). some references
https://www.garlic.com/~lynn/2001f.html#10 5-player Spacewar?
https://www.garlic.com/~lynn/2001h.html#8 VM: checking some myths.
https://www.garlic.com/~lynn/2001j.html#26 Help needed on conversion from VM to OS390
https://www.garlic.com/~lynn/2002g.html#57 Amiga Rexx
https://www.garlic.com/~lynn/2003c.html#72 OT: One for the historians - 360/91
https://www.garlic.com/~lynn/2003i.html#27 instant messaging
https://www.garlic.com/~lynn/2003m.html#14 Seven of Nine
https://www.garlic.com/~lynn/2004b.html#33 A POX on you, Dennis Ritchie!!!
https://www.garlic.com/~lynn/2004c.html#34 Playing games in mainframe
https://www.garlic.com/~lynn/2004m.html#20 Whatever happened to IBM's VM PC software?
https://www.garlic.com/~lynn/2005r.html#12 Intel strikes back with a parallel x86 design
https://www.garlic.com/~lynn/2005t.html#40 FULIST
https://www.garlic.com/~lynn/2005u.html#4 Fast action games on System/360+?
a somewhat separate network-oriented facility evolved that supported
programmed psuedo-3270 terminal interface. the network-oriented flavor
was called passthru virtual machine (PVM) which would create remote
emulated 3270 that allowed logging on to remote machine. This
interface was also supported by (internal) terminal scripting
application called STORY and in conjunction with PARASITE
supported both local programmed emulated 3270s as well as remote
emulated 3270s (with the aid of PVM ... also predating personal
computers and HLLAPI). misc. parasite/story references:
https://www.garlic.com/~lynn/2001k.html#35 Newbie TOPS-10 7.03 question
https://www.garlic.com/~lynn/2003i.html#73 Computer resources, past, present, and future
https://www.garlic.com/~lynn/2003j.html#24 Red Phosphor Terminal?
https://www.garlic.com/~lynn/2004e.html#14 were dumb terminals actually so dumb???
https://www.garlic.com/~lynn/2005r.html#12 Intel strikes back with a parallel x86 design
https://www.garlic.com/~lynn/2006.html#3 PVM protocol documentation found
https://www.garlic.com/~lynn/2006c.html#14 Program execution speed
https://www.garlic.com/~lynn/2006f.html#37 Over my head in a JES exit
https://www.garlic.com/~lynn/2006m.html#35 Draft Command Script Processing Manual
https://www.garlic.com/~lynn/2006n.html#23 sorting was: The System/360 Model 20 Wasn't As Bad As All That
https://www.garlic.com/~lynn/2006p.html#31 "25th Anniversary of the Personal Computer"
https://www.garlic.com/~lynn/2006w.html#16 intersection between autolog command and cmsback (more history)
https://www.garlic.com/~lynn/2007.html#23 How to write a full-screen Rexx debugger?
https://www.garlic.com/~lynn/2007o.html#65 The use of "script" for program
after having done synchronous disk/file i/o interface to significantly
reduce cms virtual machine overhead ... mentioned in this post
https://www.garlic.com/~lynn/2008g.html#9 Was CMS multi-tasking?
later i did a page-mapped implementation for cms filesystem which
further reduced cms virtual machine overhead ... but also significantly
improved performance ... in part because page-mapped filesystem was much
better match with the underlying virtual memory support used as part of
virtual machine operation, this never shipped in standard product, was
used internal at some number of installations; a special version did
ship as part of the special pc/370, xt/370, at/370 product. misc.
past posts:
https://www.garlic.com/~lynn/submain.html#mmap
it also included some amount of special handling for sharing
paged mapped executable images ... some references of the
difficulties encountered
https://www.garlic.com/~lynn/submain.html#adcon
later I undertook to use a combination of page-mapped interface, special message, and some additional interfaces to move the kernel spool file support out of the kernel and into a virtual address space. The objective was to significantly increase the reliability and integrity of the overall system, greatly simplify being able to add new function and increase spool file thruput by couple orders of magnitude or more.
this effort had been somewhat spawned by HSDT project
https://www.garlic.com/~lynn/subnetwork.html#hsdt
which had multiple full-duplex T1 (and higher speed) telco links as well as local channel-to-channel interfaces. The internal network leveraged to (first cp67 and later) vm370 kernel spool file system for local storage. This was also a "synchronous" interface (similar to the disabled, "synchronous" interface for cms disk i/o) ... but in large, heavily loaded system, the network virtual machine might be limited to 3-5 4k blocks per second (maybe 20kbytes/sec). A single full-duplex T1 required on the order of 300kbytes/sec thruput (aggregate requirement could be as high as several mbytes thruput). Minor footnote, the HSDT internal network support activity was distinct from the HSDT internet protocol network support activity.
Nearly all of the code was re-implemented in VS/pascal running in virtual address space ... and I referred to the project as SFS (spool file system) ... This predating the CMS SFS, shared file system by several years ... although it *shares* some of the same requirements ... being a virtual address space implementation being used by large number of other processes running on the system.
Misc. SFS (spool file system) posts:
https://www.garlic.com/~lynn/99.html#34 why is there an "@" key?
https://www.garlic.com/~lynn/2000b.html#43 Migrating pages from a paging device (was Re: removal of paging device)
https://www.garlic.com/~lynn/2000d.html#11 4341 was "Is a VAX a mainframe?"
https://www.garlic.com/~lynn/2001l.html#25 mainframe question
https://www.garlic.com/~lynn/2002k.html#25 miscompares per read error
https://www.garlic.com/~lynn/2003b.html#33 dasd full cylinder transfer (long post warning)
https://www.garlic.com/~lynn/2003b.html#44 filesystem structure, was tape format (long post)
https://www.garlic.com/~lynn/2003b.html#46 internal network drift (was filesystem structure)
https://www.garlic.com/~lynn/2003g.html#27 SYSPROF and the 190 disk
https://www.garlic.com/~lynn/2003k.html#26 Microkernels are not "all or nothing". Re: Multics Concepts For
https://www.garlic.com/~lynn/2003k.html#63 SPXTAPE status from REXX
https://www.garlic.com/~lynn/2004m.html#33 Shipwrecks
https://www.garlic.com/~lynn/2005j.html#54 Q ALLOC PAGE vs. CP Q ALLOC vs ESAMAP
https://www.garlic.com/~lynn/2005j.html#58 Q ALLOC PAGE vs. CP Q ALLOC vs ESAMAP
https://www.garlic.com/~lynn/2005n.html#36 Code density and performance?
https://www.garlic.com/~lynn/2005s.html#28 MVCIN instruction
https://www.garlic.com/~lynn/2005s.html#46 Various kinds of System reloads
https://www.garlic.com/~lynn/2005s.html#50 Various kinds of System reloads
https://www.garlic.com/~lynn/2006e.html#36 The Pankian Metaphor
https://www.garlic.com/~lynn/2006k.html#51 other cp/cms history
https://www.garlic.com/~lynn/2006o.html#64 The Fate of VM - was: Re: Baby MVS???
https://www.garlic.com/~lynn/2006p.html#11 What part of z/OS is the OS?
https://www.garlic.com/~lynn/2006q.html#27 dcss and page mapped filesystem
https://www.garlic.com/~lynn/2006s.html#7 Very slow booting and running and brain-dead OS's?
https://www.garlic.com/~lynn/2006t.html#45 To RISC or not to RISC
https://www.garlic.com/~lynn/2007c.html#21 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007f.html#33 Historical curiosity question
https://www.garlic.com/~lynn/2007g.html#70 The Perfect Computer - 36 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: Doug Engelbart's "Mother of All Demos" Newsgroups: alt.folklore.computers Date: Wed, 02 Apr 2008 21:00:25"Jim Mehl" <mehl@ihot.com> writes:
--
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: Wed, 02 Apr 2008 21:37:36Larry Elmore <ljelmore@verizon.spammenot.net> writes:
i had an uncle that joined right out of highschool and went in as a mechanic ... he was just in time so that he spent three years over there repairing tanks (possibly sometimes operating them?). he never made any references to it. my mother has commented that he was lucky to come back at all ... and did came back very changed.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Thu, 03 Apr 2008 01:55:51shai.hess@GMAIL.COM (shai hess) writes:
a large number of exploits are buffer length overflows ...
https://www.garlic.com/~lynn/subintegrity.html#overflow
which are related to C language implementations ... which can be nearly
non-existent in mainframes. I had worked on the original mainframe
tcp/ip product implemented in vs/pascal ... and it had none of the
common buffer length overflow problems found in C language
implementations. some past posts related to adding rfc1044 support to
the base implementation and in some tuning tests at cray research
between a cray and a 4341-clone ... got several orders of magnitude
improvement in bytes/instruction (i.e. from full 3090 processor to get
44kbytes/sec to modest amount of 4341-clone getting 1mbyte/sec, aka
channel interface)
https://www.garlic.com/~lynn/subnetwork.html#1044
there have been numerous efforts involving tools to automatically find C language buffer overflow problems ... which have failed to eliminate the problems. Finally there have been some architecture additions to various chips to specifically mitigate some of the common exploits from buffer length related compromises.
In the past, I had done some work attempting to create taxonomy from CVE vulnerability database ... but at the time, the vulnerabiilty reporting structure was quite free form and took a bit of work attempting to categorize vulnerabilities (there have been some recent announcements regarding adding structure to the CVE vulnerability entries ... to aid in categorizing vulnerabilities/exploits).
some old posts related to CVE database and threats/vulnerabilities
https://www.garlic.com/~lynn/2004e.html#43 security taxonomy and CVE
https://www.garlic.com/~lynn/2005c.html#28 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005c.html#32 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005d.html#0 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005d.html#67 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2007q.html#20 Hackers Attack Apps While Still in Development
https://www.garlic.com/~lynn/2008d.html#58 Linux zSeries questions
https://www.garlic.com/~lynn/2008e.html#22 Linux zSeries questions
There are other classes of vulnerabilities/threats involving importing executables &/or scripts off the internet and allowing them to execute ... and/or in some cases, mail clients and browsers that might automatically execute foreign files. In the past year or so ... there has been work on leveraging virtual machine technologies for creating "padded cells" for such applications ... where the environment is created anew from scratch and then completely disolved when done (along with any compromises). There has also been some business and federal gov. activities in creating standard that "business" PCs will have the importing and execution of all foreign files completely disabled.
for other drift ... i've done quite a bit of work on merged taxonomies
and glossaries ... reference
https://www.garlic.com/~lynn/index.html#glosnote
including one for security.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers To: <ibm-main@bama.ua.edu> Date: Thu, 03 Apr 2008 09:35:53shai.hess@GMAIL.COM (shai hess) writes:
semi-related reference:
https://www.garlic.com/~lynn/2007o.html#7 Hypervisors May Replace Operating Systems As King Of The Data Center
https://www.garlic.com/~lynn/2008b.html#37 Tap and faucet and spellcheckers
one of the issues was that frequently, desktop systems started out with design point of stand alone table/desk top operations with no requirement for countermeasures to hostile attacks. A subsequent large install base using these systems were games that took over the operation of the whole system.
later small closed, business local area network operations were introduced ... again in presumed non-hostile environment ... and w/o attack countermeasures. in this evironment, there were large number of applications that evolved automatic execution of files transferred from other machines.
with the proliferation of internet connectivity ... there was straight-forward adaption of the technology ... although the paradigm was drastically different (from closed, non-hostile, to open anarchy, and extremely hostile).
the science center
https://www.garlic.com/~lynn/subtopic.html#545tech
was responsible for the technology used for most of the internal
network
https://www.garlic.com/~lynn/subnetwork.html#internalnet
which was larger than the arpanet/internet
https://www.garlic.com/~lynn/subnetwork.html#internet
from just about the beginning until sometime mid-85.
also, the (separate) educational bitnet/earn network
https://www.garlic.com/~lynn/subnetwork.html#bitnet
(based on the internal network technology) was also larger than internet
for some perioid. in fact, the bitnet/earn network xmas "worm" predated
the internet morris worm by a year ... a couple recent references:
https://www.garlic.com/~lynn/2007u.html#87 CompUSA to Close after Jan. 1st 2008
https://www.garlic.com/~lynn/2008d.html#58 Linux zSeries questions
now, one of the things that the mainframe heritage included was virtual
machine work (also) done by the science center starting with cp40 on a
modified 360/40 with hardware support for virtual memory ... which
morphed into cp67 when 360/67 with standard hardware virtual memory
became available. cp67 use included deployments as commercial
timesharing systems
https://www.garlic.com/~lynn/submain.html#timeshare
which would frequently include customers that were otherwise intensive competitors (and would like nothing more than to obtain competitive information).
In fact, the science center system, for a period was concurrently providing services to Armonk business planners (who loaded information with the highest business security classification on the cambridge system) and at the same time allowing access to students and other non-employees from various educational institutions in the cambridge area.
Another aspect of the (secure) use of the mainframe technology dating
back to the 60s, is mentioned here:
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
also mentioned in these recent posts:
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
https://www.garlic.com/~lynn/2008f.html#31 confluence of virtualization and trusted computing
https://www.garlic.com/~lynn/2008f.html#67 Virtualization's security threats
https://www.garlic.com/~lynn/2008f.html#68 Virtualization's security threats
I have commented before that while an undergraduate, quite a bit of the work I had done was picked up and shipped in the product. I would also get requests for certain kinds of changes to be implemented. On learning about some of the gov. customers many years later, I've thought that some of the requests actually originated from some of these customers. In fact, I've sometimes commented that some other platforms may not even know what they don't know about the subject.
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Hannaford case exposes holes in law, some say Newsgroups: alt.folklore.computers Date: Thu, 03 Apr 2008 09:53:48jmfbahciv writes:
part of the activity behind the spate of data breach laws
... was that customers were being kept out in the cold about their
vulnerability to these breaches (and any resulting fraud would be
treated as totally unexpected activity) ... i.e.
https://www.garlic.com/~lynn/aadsm28.htm#50 Liability for breaches: do we need new laws?
https://www.garlic.com/~lynn/aadsm28.htm#51 Liability for breaches: do we need new laws?
https://www.garlic.com/~lynn/aadsm28.htm#52 Pogo reports: big(gest) bank breach was covered up?
and, in fact, much of the activity in breach countermeasures didn't happen until after the breach laws came into effect.
skimming and database harvesting
https://www.garlic.com/~lynn/subintegrity.html#harvest
date back to at least 80s. the volumes only require that the expected
fraudulent return-on-investment is greater than the effort to
compromise the system ... and less threat to the attacker than
alternative methods. there has been some threads discussing LEO focus
on physical threats and coming late to the world of electronic
oriented threats ... threads also about news organizations (and
consumer public) reacting more to news about physical threats
(vis-a-vis electronic &/or "white-collar" crime) ... some recent
posts:
https://www.garlic.com/~lynn/2008e.html#69 independent appraisers
https://www.garlic.com/~lynn/2008e.html#77 independent appraisers
such breaches can be economical for the crook even predating electronic point-of-sale transactions ... dating back to counterfeit payment cards before the introduction of magstripes.
to some degree this was all taken into consideration when the x9a10
financial standard working group in the mid-90s was given the
requirement to preserve the integrity of the financial
infrastructure for all retail payments ... leading to the x9.59
payment transaction standard
https://www.garlic.com/~lynn/x959.html#x959
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Hannaford case exposes holes in law, some say Newsgroups: alt.folklore.computers Date: Thu, 03 Apr 2008 10:00:38re:
some more recent breach references:
The Identity Theft Resource Center Reports That Data Breaches More
Than Doubled in 2008 First Quarter
http://www.foxbusiness.com/article/identity-theft-resource-center-reports-data-breaches-doubled-2008-quarter_544967_1.html
Data Breaches More Than Doubled in 2008 First Quarter
http://www.paymentsnews.com/2008/04/data-breaches-m.html
8.3 Million Records Spilled in Data Breaches This Year
http://blog.washingtonpost.com/securityfix/2008/04/83_million_records_spilled_in.html?nav=rss_blog
Data breaches more common
http://blog.seattlepi.nwsource.com/consumersmarts/archives/135617.asp
Grocery Data Breach Offers Important Endpoint Lessons
http://www.bmighty.com/blog/main/archives/2008/04/grocery_data_br.html
similar vulnerability
Vermont ski area reports Hannaford-like theft of payment card data
http://www.computerworld.com/action/article.do?command=viewArticleBasic&taxonomyName=security&articleId=9074339&taxonomyName=security&articleId=9074339
and mentioning that the x9.59 standards work
https://www.garlic.com/~lynn/x959.html#x959
rather than attempting to prevent breaches ... eliminated the account
fraud threat/vulnerability that is frequent consequence of such
breaches (and possibly the primary criminal motivation). this is
related to the older posts/threads on the naked transaction metaphor
https://www.garlic.com/~lynn/subintegrity.html#payments
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers To: <ibm-main@bama.ua.edu> Date: Thu, 03 Apr 2008 10:38:17shai.hess@GMAIL.COM (shai hess) writes:
and
https://www.garlic.com/~lynn/subintegrity.html#overflow
only if using C and the underlying infrastructure changed to buffer length conventions used extensively in C language operations. As previously mentioned, I had been involved in the original mainframe TCP/IP product ... which was implemented in vs/pascal ... and had none of the buffer length related problems that seem to be epidemic in C language environments.
part of the C language evironment related vulnerabilities and systems that were heavily C oriented ... was that the buffer length abstraction was extremely deficient ... which I've claimed has led to the large number of buffer related vulnerabilities
one of the things that permeate much of the mainframe environment is a very strong buffer length abstraction ... and extremely low occurance of buffer length problems ... regardless of the language used ... even kernels that were totally implemented in assembler (with a much more adequate buffer length conventions) ... it was extremely rare to find buffer length problems ... even in assembler code.
at one point, I did a mainframe failure/dump application
https://www.garlic.com/~lynn/submain.html#dumprx
while never shipped to customers, at one point it was used by nearly all internal locations and customer service PSRs. It introduced some amount of automated failure analysis operations (state of the art in products at the time was all manual activity). As part of being able to implement various automated failure analysis ... I had done extensive analysis of large number of system failures ... looking for things like common (mainframe) failure signatures and frequencies of different categories of mainframe failures.
for slightly other drift, when we were doing ha/cmp product
https://www.garlic.com/~lynn/subtopic.html#hacmp
we had done detailed end-to-end vulnerability and threat analysis,
somewhat treating security/attack related threats as a subset of
general system availability issues
https://www.garlic.com/~lynn/submain.html#available
we used that detailed analysis later when we were called in to consult with a small client/server startup.
two of the people that were in this ha/cmp scale-up meeting
https://www.garlic.com/~lynn/95.html#13
had left and joined the startup and were responsible for something
called a commerce server (and they wanted to do payment transactions
on their server ... they also had this technology called SSL). Part of
the work resulted in something called a payment gateway (could be
considered the original SOA)
https://www.garlic.com/~lynn/subnetwork.html#gateway
that work is now frequently referred to as electronic commerce.
We would frequently comment that there were significant aspects of the internet that had never considered business critical dataprocessing issues ... and as part of doing payment gateway deployment we had to create numerous compensating procedures (many of them that wouldn't have been needed if had started with a MF platform).
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: alt.folklore.computers Date: Thu, 03 Apr 2008 13:11:02greymaus <greymausg@mail.com> writes:
somebody once suggested to me that the best & brightest were given fairly free access to univ. datacenter resources and it was the next tier (that weren't at the top level and didn't have that univ datacenter resource access) that led a lot of the early personal computing revolution (somewhat as a poor substitute making up for not having the access to "real" dataprocessing resources).
there are also some aspects of this that are analogous to the golden era of hot rod tinkering.
a lot of newer generation (computer) machines (and automobiles) are more akin to off-the-shelf "appliances" and have much less provisions for tinkering (and appealing to much wider public/audience).
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Billion-dollar IT failure at Census Bureau Newsgroups: alt.folklore.computers Date: Thu, 03 Apr 2008 13:37:59re:
Census Bureau To Scrap Handhelds - Cost $3 Billion
http://hardware.slashdot.org/hardware/08/04/03/1612249.shtml
Census to scrap handheld computers for 2010 count
http://www.nextgov.com/nextgov/ng_20080403_9574.php
from above:
The Census Bureau will tell a House panel today that it will drop
plans to use handheld computers to help count Americans for the 2010
census, contributing to the increase in cost for the decennial census
by as much as $3 billion, according to testimony the Commerce
Department secretary plans to give this afternoon.
... snip ...
i.e. failure in automation implementation increases alternative manual activity by $3b(?)
--
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, 04 Apr 2008 00:21:07Anne & Lynn Wheeler <lynn@garlic.com> writes:
John Reed, Architect Of Citi Merger, Calls Deal Mistake
http://money.cnn.com/news/newsfeeds/articles/djf500/200804032006DOWJONESDJONLINE001187_FORTUNE5.htm
from above ...
The landmark merger that created Citigroup Inc. (C) was a "mistake"
that failed to benefit the financial services conglomerate's
investors, customers and employees, said John Reed, who masterminded
the $166 billion deal with Sandy Weill in 1998, The Financial Times
reported on its Web site Thursday.
... snip ...
the Wall Street Fix?
https://www.garlic.com/~lynn/2008g.html#2
a couple other recent citigroup items
Citigroup and Merrill will have to raise capital if write-down
forecasts prove correct: Goldman - FP Trading Desk
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2008/04/01/citigroup-and-merrill-will-have-to-raise-capital-if-write-down-forecasts-prove-correct-goldman.aspx
Bank Write-Downs: No End Yet
http://www.time.com/time/business/article/0,8599,1727462,00.html
and other recent posts:
https://www.garlic.com/~lynn/2008g.html#13 independent appraisers
https://www.garlic.com/~lynn/2008g.html#16 independent appraisers
https://www.garlic.com/~lynn/2008g.html#20 independent appraisers
decode old post mentioning that citi almost went under in 89 due
to its involvement in variable rate mortgages (also raising issue
of transparency requirement for mortgage backed securities)
https://www.garlic.com/~lynn/aepay3.htm#riskm The Thread Between Risk Management and Information Security
and ...
Coming Soon ... Securitization with a New, Improved (and Perhaps
Safer) Face
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1933 (gone 404 and/or requires registration)
from above ...
"That will mean that under the best of circumstances, it will be
harder to get a triple-A rating, which will reduce the profitability
of securities," Guttentag says. Some forms of securities will
die. CDOs are doomed, he adds, because the market has seen they are
extremely difficult to value. "In the short term, the prospects are
dismal. The market will recover, but I don't think we'll ever see CDOs
again and the standards will be tougher, so the comeback will be
gradual."
... snip ...
and ...
Linneman figures that 1,000 CEOs are accountable for about 80% of the
current lending mess. If the government were to spend $10 billion to
restore liquidity to the market in nine months with only 1,000 people
losing their jobs, it would be the best investment it could make to
restore the economy.
... snip ...
presumably the reference is that those 1000 responsible CEOs would be the ones loosing their job (question would be if they would still get those incredible bonuses).
it was't as if everybody on wall street had no idea what they were
doing and/or toxic CDOs hadn't been created to obfuscate the underlying
value:
https://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
https://www.garlic.com/~lynn/2008g.html#16 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: authoritative IEFBR14 reference Newsgroups: alt.folklore.computers Date: Fri, 04 Apr 2008 11:20:37True in a Nutshell; Appendix: IEFBR14: Clarification
from above:
1. As one of the IBM programmers involved in the development and
integration of OS/360 in Poughkeepsie, NY, in 1965-1967, I assure you it
was our understanding that the three-letter prefix to module names used
in the operating had no "meaning". The prefix identified the system
component to which the module belonged. E.g., IEB: Dataset Utilities;
IEH: System Utilities; IEW: Linkage Editor; IEF: Scheduler; etc. In the
course of time some prefixes did derive from acronymes (e.g. CLR:
Control Library Environment And Resources), but not many. I guess some
people might conjure up a meaning, but I doubt it was "official".
... snip ...
cp67/cms had used module names not following any official convention. in the cp67 to vm370 morph ... modules were renamed using DMK prefix for vm370 and DMS prefix for CMS (as well as CMS morphing from cambridge monitor system to conversational monitor system).
when i did the resource manager ... DMKSRM was a take-off on the MVS componenent (system resource manager) ... it was where the "required" tuning knobs went (part of previously mentioned joke) ... and really new code went into DMKSTP (a take-off on product moto the racer's edge)
past posts mentioning resource manager &/or earlier implementation
in cp67 (dropped in the initial cp67 to vm370 morph)
https://www.garlic.com/~lynn/subtopic.html#fairshare
recent posts mentioning the joke:
https://www.garlic.com/~lynn/2008.html#16 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008.html#88 folklore indeed
https://www.garlic.com/~lynn/2008e.html#16 Kernels
some old references to migrating cp67 feature/function to vm370
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
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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: Fri, 04 Apr 2008 18:31:20Peter Flass <Peter_Flass@Yahoo.com> writes:
much was made of Guderian's use of 2-way radio to improve tempo/time of operation ... another example Boyd used (to contrast with the rigid top-down, US command&control structure) was Guderian's verbal orders only.
The scenario was related to the definition of auditors ... the people that go around the battlefield, after the war, stabbing the wounded. Guderian wanted the person on the spot making best decisions possible and not have to worry about any subsequent (monday afternoon quarterback'ing) investigations.
examples were used in briefing that went through some evoluation which started out as Organic Design for Command and Control.
misc. posts mentioning Boyd &/or OODA-loops
https://www.garlic.com/~lynn/subboyd.html#boyd
and various URLs from around the web
https://www.garlic.com/~lynn/subboyd.html#boyd2
some specific past posts mentioning Guderian
https://www.garlic.com/~lynn/99.html#120 atomic History
https://www.garlic.com/~lynn/2001.html#29 Review of Steve McConnell's AFTER THE GOLD RUSH
https://www.garlic.com/~lynn/2001.html#30 Review of Steve McConnell's AFTER THE GOLD RUSH
https://www.garlic.com/~lynn/2001m.html#16 mainframe question
https://www.garlic.com/~lynn/2002d.html#36 Mainframers: Take back the light (spotlight, that is)
https://www.garlic.com/~lynn/2002d.html#38 Mainframers: Take back the light (spotlight, that is)
https://www.garlic.com/~lynn/2002q.html#33 Star Trek: TNG reference
https://www.garlic.com/~lynn/2002q.html#43 Star Trek: TNG reference
https://www.garlic.com/~lynn/2003h.html#51 employee motivation & executive compensation
https://www.garlic.com/~lynn/2003p.html#27 The BASIC Variations
https://www.garlic.com/~lynn/2004k.html#24 Timeless Classics of Software Engineering
https://www.garlic.com/~lynn/2004q.html#86 Organizations with two or more Managers
https://www.garlic.com/~lynn/2005e.html#3 Computerworld Article: Dress for Success?
https://www.garlic.com/~lynn/2006f.html#14 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#9 The Pankian Metaphor
https://www.garlic.com/~lynn/2006q.html#41 was change headers: The Fate of VM - was: Re: Baby MVS???
https://www.garlic.com/~lynn/2007b.html#37 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2007c.html#25 Special characters in passwords was Re: RACF - Password rules
https://www.garlic.com/~lynn/2008c.html#26 Current Officers
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40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Does TCP Need an Overhaul? Newsgroups: alt.folklore.computers Date: Fri, 04 Apr 2008 19:49:07Anne & Lynn Wheeler <lynn@garlic.com> writes:
from above:
Thus, there are now two options for network equipment:
• Random discards from output queues -- creates much TCP unfairness
• Intelligent rate control of every flow -- eliminates most TCP unfairness
Although the multi-flow unfairness that P2P uses remains, flow
management gives us a simple solution to this: Control each flow so that
the total traffic to each IP address (home) is equally and fairly
distributed no matter how many flows they use. This eliminates the need
for peering into everyone's data to stop P2P and creates a fair
distribution of Internet capacity.
... snip ...
one of the things done in the hsdt project
https://www.garlic.com/~lynn/subnetwork.html#hsdt
in internal network links
https://www.garlic.com/~lynn/subnetwork.html#internalnet
and some of the stuff that nsfnet evaluated in hsdt
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
... and some old email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
was rate-based flow control ... including use of resource allocation. some of it had come from a couple decades of doing generalized computer resource management algorithms ... some of the dynanmic adaptive resource policy work came to be referred to as "fair share" ... because of that being the default resource policy.
i've claimed that the window-based congestion control grew out of the point-to-point link implementations that attempted to control overrun of buffers by incoming data ... and adapted to long-haul latency compensation (and the same mechanism then adapted for network congestion control).
i've also claimed that some of the window-based congestion control was also because of the poor system timer features available on most of the platforms from the period ... making difficult for implementation of rate-based flow control.
There may also be some corollary with mind-set that is state oriented
(in much of the tcp/ip stack implementation) ... where "windows"
paradigms is much more comfortable/compatible (state orientation) ...
as composed to transition to a rate oriented paradigm. I've referred to
apparent conceptual difficulties having multiple different paradigms
coexisting concurrently as contributing to being able to do my "joke" in
the resource manager product ... recent resource manager joke reference:
https://www.garlic.com/~lynn/2008g.html#33 authoritative IEFBR14 reference
misc. past rate-based flow control references:
https://www.garlic.com/~lynn/93.html#28 Log Structured filesystems -- think twice
https://www.garlic.com/~lynn/94.html#22 CP spooling & programming technology
https://www.garlic.com/~lynn/99.html#33 why is there an "@" key?
https://www.garlic.com/~lynn/2000b.html#11 "Mainframe" Usage
https://www.garlic.com/~lynn/2001h.html#44 Wired News :The Grid: The Next-Gen Internet?
https://www.garlic.com/~lynn/2002.html#38 Buffer overflow
https://www.garlic.com/~lynn/2002i.html#45 CDC6600 - just how powerful a machine was it?
https://www.garlic.com/~lynn/2002i.html#57 CDC6600 - just how powerful a machine was it?
https://www.garlic.com/~lynn/2002k.html#56 Moore law
https://www.garlic.com/~lynn/2002p.html#28 Western Union data communications?
https://www.garlic.com/~lynn/2002p.html#31 Western Union data communications?
https://www.garlic.com/~lynn/2003.html#55 Cluster and I/O Interconnect: Infiniband, PCI-Express, Gibat
https://www.garlic.com/~lynn/2003.html#59 Cluster and I/O Interconnect: Infiniband, PCI-Express, Gibat
https://www.garlic.com/~lynn/2003b.html#44 filesystem structure, was tape format (long post)
https://www.garlic.com/~lynn/2003g.html#54 Rewrite TCP/IP
https://www.garlic.com/~lynn/2003g.html#64 UT200 (CDC RJE) Software for TOPS-10?
https://www.garlic.com/~lynn/2003j.html#1 FAST - Shame On You Caltech!!!
https://www.garlic.com/~lynn/2003j.html#19 tcp time out for idle sessions
https://www.garlic.com/~lynn/2003j.html#46 Fast TCP
https://www.garlic.com/~lynn/2003p.html#15 packetloss bad for sliding window protocol ?
https://www.garlic.com/~lynn/2004f.html#37 Why doesn't Infiniband supports RDMA multicast
https://www.garlic.com/~lynn/2004k.html#8 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#12 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#13 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#16 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#29 CDC STAR-100
https://www.garlic.com/~lynn/2004n.html#35 Shipwrecks
https://www.garlic.com/~lynn/2004o.html#62 360 longevity, was RISCs too close to hardware?
https://www.garlic.com/~lynn/2004q.html#3 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2004q.html#57 high speed network, cross-over from sci.crypt
https://www.garlic.com/~lynn/2005d.html#6 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005g.html#4 Successful remote AES key extraction
https://www.garlic.com/~lynn/2005q.html#22 tcp-ip concept
https://www.garlic.com/~lynn/2005q.html#28 tcp-ip concept
https://www.garlic.com/~lynn/2005q.html#37 Callable Wait State
https://www.garlic.com/~lynn/2005t.html#38 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2006d.html#21 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006g.html#18 TOD Clock the same as the BIOS clock in PCs?
https://www.garlic.com/~lynn/2006m.html#20 Why I use a Mac, anno 2006
https://www.garlic.com/~lynn/2006n.html#21 The System/360 Model 20 Wasn't As Bad As All That
https://www.garlic.com/~lynn/2006o.html#64 The Fate of VM - was: Re: Baby MVS???
https://www.garlic.com/~lynn/2006u.html#44 waiting for acknowledgments
https://www.garlic.com/~lynn/2007m.html#46 Rate Monotonic Scheduling (RMS) vs. OS Scheduling
https://www.garlic.com/~lynn/2007n.html#58 Computer Clocks
https://www.garlic.com/~lynn/2007q.html#19 Fixing our fraying Internet infrastructure
https://www.garlic.com/~lynn/2007q.html#41 Newsweek article--baby boomers and computers
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
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Lehman sees banks, others writing down $400 bln Newsgroups: alt.folklore.computers Date: Sat, 05 Apr 2008 07:08:49Anne & Lynn Wheeler <lynn@garlic.com> writes:
Lehman sees banks, others writing down $400 bln
http://www.forbes.com/reuters/feeds/reuters/2008/04/04/2008-04-04T170743Z_01_BNG207828_RTRIDST_0_GLOBALFINANCIALINSTITUTIONS-LEHMAN-UPDATE-2.html
from above:
Financial institutions reeling from the global credit crunch have
recorded $291.8 billion of writedowns so far, the Lehman team
wrote. That has been partially offset by about $181.6 billion of
equity infusions, but still leaves banks with about $110 billion less
capital.
... snip ...
Banking industry in search of a business model
http://www.forbes.com/reuters/feeds/reuters/2008/04/03/2008-04-03T190017Z_01_L02678524_RTRIDST_0_COLUMN-MARKETS-BANKING.html
Bear Stearns says traders' false rumours took bank to the brink
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3678336.ece
What We Learned From Bear
http://www.forbes.com/home/wallstreet/2008/04/03/banking-cox-bear-biz-wall-cx_lm_0404banking.html
Credit Crisis Hits Home
http://www.forbes.com/home/opinions/forbes/2008/0421/027.html
and other (toxic) CDO related articles curtesy of Wharton
Securitization 2.0
http://www.forbes.com/home/entrepreneursfinance/2008/04/03/credit-crisis-subprime-ent-fin-cx_kw_0403whartonsecuritize.html
some comments
Market Manipulation--Or Just Business As Usual?
http://www.forbes.com/home/entrepreneursfinance/2008/04/04/inflation-credit-oil-ent-fin-cx_kw_0404whartonmanipulation.html
Exactly How Talented Are Hedge Fund Managers?
http://www.forbes.com/home/entrepreneursfinance/2008/04/04/hedge-fund-alpha-ent-fin-cx_kw_0404whartonhedge.html
and recent posts in various threads mentioning (toxic) CDO (valuation)
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/2008b.html#75 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#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#70 independent appraisers
https://www.garlic.com/~lynn/2008f.html#1 independent appraisers
https://www.garlic.com/~lynn/2008f.html#10 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#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#57 independent appraisers
https://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#77 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Virtualization: The IT Trend That Matters Newsgroups: alt.folklore.computers Date: Sat, 05 Apr 2008 12:41:01more 40+ yr old technology ...
Virtualization: The IT Trend That Matters
http://www.forbes.com/2008/04/03/virtualization-software-enterprise-tech-virtualization08-cx_wt_0403virtual.html
from above:
Virtualization technologies help companies use more of the computing
resources they already have to save money. With a recession looming,
virtualization technologies are becoming must-have budget items as
companies need to find ways to cut costs. "In a recession,
virtualization is going to get hotter," says Gartner analyst Thomas
Bittman.
... snip ...
the commoditizing of hardware and COTS ... it was frequently cheaper to throw hardware resources at a problem rather than obtaining the scarce (and relatively more expensive) expertise to optimize available resources. In the current datacenter scenario, a couple of decades of throwing (hardware) resources at problems has tended to create operations with drastically underutilized resources. Virtualization is one way of consolidating/aggregating resource use with relatively low human/skill effort.
recent post/thread:
https://www.garlic.com/~lynn/2008g.html#3 It's Too Darn Hot
https://www.garlic.com/~lynn/2008g.html#6 It's Too Darn Hot
throwing resources at problems ... in lieu of better understanding,
isn't just limited to datacenter operations ... it also frequently
shows up in threads about management of the internet
https://www.garlic.com/~lynn/2008g.html#35 Does TCP Need an Overhaul?
The paradigm of throwing huge amount of excess resources at problems w/o
needing any fundamental understanding (and have the appearance of
success) can be found in other areas ... including the whole
toxic CDO mess
https://www.garlic.com/~lynn/2008g.html#32 independent appraisers
https://www.garlic.com/~lynn/2008g.html#36 Lehman sees banks, others writing down $400 bln
it can also be extended out into things like other economic resource consumption areas ... like transportation.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Sad news of Bob Tomasulo's passing Newsgroups: alt.folklore.computers Date: Sat, 05 Apr 2008 17:12:21x-over post lifted from ibm-main:
> Subject: Sad news of Bob Tomasulo's passing > > ... > Bob Tomasulo died a day ago. Bob has been living in Michigan > and had a long struggle with cancer. > > Bob Tomasulo was the 1997 Eckert-Mauchly Award recipient for > the ingenious algorithm which enabled out-of-order execution > processors to be implemented. > > Tomasulo's algorithm was first used in the floating point > processor of the IBM 360/91.
Robert Tomasulo is the father of the Tomasulo algorithm.
https://en.wikipedia.org/wiki/Robert_Tomasulo
An Efficient Algorithm for Exploiting Multiple Arithmetic Units
by R. M. Tomasulo.
http://www.research.ibm.com/journal/rd/111/tomasulo.pdf
This paper describes the methods employed in the floating-point area
of the System/360 Model 91 to exploit the existence of multiple
execution units.
Dynamic Scheduling Using Tomasulo's Algorithm
http://www.cs.ucf.edu/~lboloni/Teaching/EEL5708_2004/slides/lecture_15_tomasulo.ppt
Google
http://www.google.com/search?hl=en&safe=off&q=Bob+Tomasulo+IBM+360%2F91&btnG=Search
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Virtualization: The IT Trend That Matters Newsgroups: alt.folklore.computers Date: Sat, 05 Apr 2008 20:21:12Anne & Lynn Wheeler <lynn@garlic.com> writes:
Special Report: Virtualization
http://www.forbes.com/home/technology/2008/04/03/virtualization-trend-computing-tech-virtualization08-cx_wt_0403virtualization_land.html
Virtualization is the biggest buzz word in information technology
today. The reason? The geeky technology concept is transforming
corporate computing, allowing companies to do more with the back-office
resources they already have. As a result, virtualization helps companies
save millions on hardware, energy and data center costs--good
technologies to have during a recession.
... snip ...
Virtualization: Virtualize Me!
http://www.forbes.com/2008/04/02/virtualization-welch-vmware-tech-virtualization08-cx_wt_0403companies.html
from above:
Virtualization is a mouthful of buzz for what's really a simple idea:
how to get the most processing power out of the computers a company
already has. Particularly when the economy threatens to dip into a
recession, there's no more important rule in corporate IT departments
than making more out of what's already humming in the back room.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: authoritative IEFBR14 reference Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 08:23:33Chris Barts <chbarts+usenet@gmail.com> writes:
predates me ... i was undergraduate towards the tailend of that period ... got to work a lot with the software ... but there was a whole corporate organization between me and them.
i had done a lot of work on os/360 sysgen to 1) run in production jobstream rather than with the starter system, 2) reorganize the sysgen build statements so that the resulting system had components & members carefully placed/ordered on disk to optimize disk arm motion. a lot of this started out being empirical and trial&error. At some point, local corporate people provided me with an internal corporate tool from POK that recorded frequency of various component use ... the frequency use information i could use to help determine ordering/placement.
pure conjecture ... possible similar reason that state license plate tend to no longer have any meaning. when population of automobiles were much smaller ... in many states, the license plate encoding tended to reflect local physical area. as numbers increased, it became more & more difficult to maintain such encoding. area codes are starting to get like that ... especially cellphones, which are becoming totally unrelated to physical region.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Was CMS multi-tasking? Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 09:04:44"Dave Wade" <g8mqw@yahoo.com> writes:
5789-FAL was ported to MVS by implementing an IUCV diagnose emulation ... for early MVS tcp/ip product support.
as noted in previous posts, SPM predated (original done on cp67) both (vm370 release 3) vmcf and (later vm370 release 6) iucv ... and was superset of both (apparently some NIH issues).
5789-FAL was implemented in vs/pascal ... recent post
https://www.garlic.com/~lynn/2008g.html#25 CA ESD files Options
i had added RFC1044 support to the product ... the base implementation
got about 44kbytes/sec thruput using a full 3090 processor. in some
tuning tests at cray research, rfc1044 support achieved 1mbyte/sec
thruput (channel interface limitation) between cray and 4341-clone
using only modest amount of 4341 processor.
https://www.garlic.com/~lynn/subnetwork.html#1044
the vtam tcp/ip (both mvs & vm) support was totally different
implementation ... original code had been subcontracted out. old posts
referring to some folklore about subcontractor having difficulty getting
the implementation accepted (because of some performance comparison
vis-a-vis lu6.2).
https://www.garlic.com/~lynn/2006f.html#13 Barbaras (mini-)rant
https://www.garlic.com/~lynn/2006l.html#53 Mainframe Linux Mythbusting (Was: Using Java in batch on z/OS?)
https://www.garlic.com/~lynn/2007h.html#8 whiny question: Why won't z/OS support the HMC 3270 emulator
https://www.garlic.com/~lynn/2007q.html#45 Are there tasks that don't play by WLM's rules
https://www.garlic.com/~lynn/2007s.html#50 Running REXX program in a batch job
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Was CMS multi-tasking? Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 11:40:13Anne & Lynn Wheeler <lynn@garlic.com> writes:
vtam/tcp implementation was also much later.
past email about nsfnet backbone related activity
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
as well as various posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
we had working with nsf and then all of our meetings started being canceled (on the corporate side) and we weren't allowed to bid on the original nsfnet backbone.
one of the people in the communication group was watching some of the
parties on the other side and their (internal corporate) disinformation
... and forwarded us some of what was going on ... old email
https://www.garlic.com/~lynn/2006w.html#email870109
in this post
https://www.garlic.com/~lynn/2006w.html#21 SNA/VTAM for NSFNET
as mentioned ... while we had T1 & higher speect links deployed
internally
https://www.garlic.com/~lynn/subnetwork.html#hsdt
and
https://www.garlic.com/~lynn/subnetwork.html#internalnet
and when we weren't allowed to bid on nsfnet, nsf director had audit of what we had running and wrote a letter to the company pointing out that what we already had running was at least five years ahead of all nsfnet bid submissions. the winning bid actually didn't deploy T1 links ... the nsfnet backbone links that deployed were 440kbits ... and then they had a telco-like multiplexor with T1 trunks (possibly to meet the letter of the contract).
for nsfnet2 rfp (upgrade T1 to T3), we were invited to be the red team arrayed against the rest of the corporate blue team (20-30 from 7 labs around the world) ... possibly believing that they would put to bed any rumors about earlier disinformation activity. at the corporate review, i presented first ... followed by the blue team presentation. something like 5-10 minutes into the blue team presentation, the executive running the review, pounded on the table and declared that he would lay down in front of a garbage truck before allowing any but the blue team proposal to go forward.
misc. past posts mentioning the garbage truck comment:
https://www.garlic.com/~lynn/2000d.html#77 Is Al Gore The Father of the Internet?^
https://www.garlic.com/~lynn/2005d.html#13 Cerf and Kahn receive Turing award
https://www.garlic.com/~lynn/2005u.html#53 OSI model and an interview
https://www.garlic.com/~lynn/2006e.html#38 The Pankian Metaphor
https://www.garlic.com/~lynn/2006u.html#56 Ranking of non-IBM mainframe builders?
https://www.garlic.com/~lynn/2007l.html#69 nouns and adjectives
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Coming soon: superfast internet Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 12:13:00Anne & Lynn Wheeler <lynn@garlic.com> writes:
Coming soon: superfast internet
http://www.timesonline.co.uk/tol/news/uk/science/article3689881.ece
from above:
THE internet could soon be made obsolete. The scientists who pioneered it
have now built a lightning-fast replacement capable of downloading
entire feature films within seconds.
At speeds about 10,000 times faster than a typical broadband connection,
"the grid" will be able to send the entire Rolling Stones back catalogue
from Britain to Japan in less than two seconds.
.. snip ...
other recent post
https://www.garlic.com/~lynn/2008g.html#42 Was CMS multi-trasking?
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Fixing finance Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 12:38:32Anne & Lynn Wheeler <lynn@garlic.com> writes:
Fixing finance; Crisis are endemic to financial systems. Attempts to
regulate them may do more harm than good
http://www.economist.com/opinion/displaystory.cfm?story_id=10966204
from above:
Just look at their mistakes. Before the crisis, hedge funds were
regarded with suspicion as vulnerable and irresponsible. But, with a few
notable exceptions, they have weathered the storm less as culprits than
as victims. Instead, the system's own safety features turned out to be
its weakest points. The copper bottom fell out of AAA bonds when housing
markets failed to do what the rating agencies had expected. Banks
avoided rules requiring them to put aside capital, by warehousing vast
sums off-balance sheet with disastrous results.
... snip ...
there is the scenario that toxic CDOs were created to obfuscate underlying
values ... so there wasn't a lot of surprise when it turns out the
triple-A rating, wasn't
https://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
then there is the issue of Glass-Steagall repeal in the 90s, allowing
the unregulated investment banking activities to start impacting the
safety/soundness of regulated banking
https://www.garlic.com/~lynn/2008f.html#46 independent appraisers
https://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
the combination creating new environment disconnected from (traditional regulated) economic forces ... 1) originating subprime mortgages effectively uncoupled from the prime rate, 2) unloading mortgages as toxic CDOs effectively uncoupled from value of underlying mortgages, 3) enormous leveraging 30, 44, higher; significantly diluting any regulated capital requirements.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: authoritative IEFBR14 reference Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 16:09:08Peter Flass <Peter_Flass@Yahoo.com> writes:
executable infrastructure limited symbols to 8 characters.
components names were handed out 3 character prefixes.
module names within a component then tended to use the next three characters ... leaving two characters for individual entry points within a module.
in the cp67 ... the science center
https://www.garlic.com/~lynn/subtopic.html#545tech
didn't follow any particular convention assigning names to modules ... other than some attempt to be meaningful, i.e.
CCWTRANS ... was the routine that translating CCWs DISPATCH ... was the dispatcher PAGTRANS ... handled page faults, replacement algorithm, translation
in the morph to vm370, the kernel was assigned "DMK" 3 character component id (and CMS was assigned "DMS" 3 character component id). There was legacy hangover in the morph;CCWTRANS became DMKCCW, DISPATCH became DMKDSP, PAGTRANS became DMKPTR, etc.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Virtualization: The IT Trend That Matters Newsgroups: alt.folklore.computers Date: Sun, 06 Apr 2008 19:06:34Anne & Lynn Wheeler <lynn@garlic.com> writes:
Gartner bullish on virtualization market; The research firm called
virtualization the "highest-impact trend" for IT through 2012
http://www.arnnet.com.au/index.php/id;2088188382
from above:
The driving factor behind the growth, according to Gartner, will be
server virtualization, which the research firm said contributed to a
four per cent drop in the x86 server market in 2006. The report states
that about 90 per cent of the server market is composed of x86
architecture servers. Based on the traditional model of one application
per server, Gartner said, roughly 80 to 90 per cent of server computing
capacity is unutilized.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: My last post in this forum. Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Mon, 07 Apr 2008 07:33:51re:
i've being doing online discussions for over 30 yrs ... in fact, it
was nearly 30 yrs ago ... i got blameed for online discussions being
on the internal network (which was larger than the internat/arpanet at
the time)
https://www.garlic.com/~lynn/subnetwork.html#internalnet
there was an incident where somebody printed hardcopy of various discussions (300 pages) and packaged them into tandem three-ring binders and sent them to the six members of the executive committee (ceo, president, executive vps, etc) ... which i also got blameed for.
this kind of post is long time stereotype ... it is almost always followed by some subsequent post that they've changed their mind because something has changed about how they feel. those that really drop out of discussions ... never bother to announce it.
for other topic drift ... approx. 25 yrs ago, a researcher was paid to
spend nine months in the back of my office taking notes on how i
communicated (somewhat as result of being blameed for online
discussions on the internal network). They got copies of all my
incoming and outgoing email as well as logs of all instant
messages. The result was also a stanford phd thesis (joint between
language and AI) and material for some number of subsequent papers and
books in the area of computer mediated communication ... random posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: How did third-party software companies deal with unbundling being sprung on them? Newsgroups: alt.folklore.computers Date: Mon, 07 Apr 2008 10:32:45Chris Barts <chbarts+usenet@gmail.com> writes:
however, they were able to make the case that kernel was still "free" ... unbundling and charging for software applied to application software.
i had done a lot of stuff for cp67 as an undergraduate ... which was
picked up and shipped in the standard product. this included adding
tty/ascii terminal support to cp67. as part of that effort ... i tried
to get the terminal controller to do something that it actually wouldn't
quite do. this somewhat was behind the univ starting a clone controller
project ... reverse engineered the channel interface and built a
controller channel interface card for an interdata/3 ... programmed to
emulate standard mainframe controller (and doing some of the extra stuff
... including automatic terminal baud rate recognition). there was
subsequent article that somewhat blameed us for the clone controller
business
https://www.garlic.com/~lynn/submain.html#360pcm
the clone controller business then was claimed to be a primary
motivation for the future system project
https://www.garlic.com/~lynn/submain.html#futuresys
old post with reference to future system project in fergus/morris
book
https://www.garlic.com/~lynn/2001f.html#33
recent post with some quotes on future system project motivation
https://www.garlic.com/~lynn/2008d.html#16
from long article here
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
in the morph of cp67 to vm370, a lot of the changes i had done as undergraduate had been dropped ... including stuff in page replacement and virtual memory management ... as well as dynamic adaptive resource management.
somewhat with the demise of the future system project ... there was a mad rush to get hardware & software back into the 370 product pipeline ... which had somewhat dried up with all the attention that future system would completely replace the existing 360/370. part of that, the mainframe "batch" group in pok, managed to convince the company to kill the vm370 product and move all the development people to pok in order to get out mvs/xa product on any sort of schedule.
the future system distraction also aided clone processor vendors to gain foothold in the market.
i had migrated a bunch of the stuff from cp67 to vm370 (as well as
adding a bunch of features) for internal distribution
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
in fact at one point, the size of (just) this internal
distribution was larger than the total number of multics installation
that ever existed ... a reference to multics being on the 5th flr of
545 tech sq and the science center on 4th flr
https://www.garlic.com/~lynn/subtopic.html#545tech
in any case, as a result of combination of factors in the wake of
future system being killed ... it was decided that i could release a
lot of the vm370 code as a separately packaged kernel product
https://www.garlic.com/~lynn/subtopic.html#fairshare
https://www.garlic.com/~lynn/subtopic.html#wsclock
and with the rise of processor clone vendors, it contributed to decision to start charging for kernel software ... and my resource manager being selected as the guinea pig ... which met that I had to spend time with business planners and lawyers on and off over a six month period helping work on policy and practices for kernel software charging.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM emulator for ICL 1900 Newsgroups: alt.folklore.computers Date: Mon, 07 Apr 2008 10:59:59"Dave Wade" <g8mqw@yahoo.com> writes:
URLs for article here:
http://www.isham-research.co.uk/emulation_2005.html
http://www.isham-research.co.uk/platslns.html
including this one with passing reference to ICL 1900:
http://www.isham-research.co.uk/ibm-vs-psi-amended.html
for other drift, recent post mentioning the (70s) processor clone vendors
https://www.garlic.com/~lynn/2008g.html#48 How did third-party software companies deal with unbundling being sprung on them?
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: CA ESD files Options Newsgroups: bit.listserv.ibm-main,alt.folklore.computers Date: Mon, 07 Apr 2008 11:31:30Anne & Lynn Wheeler <lynn@garlic.com> writes:
Mainframe Computing Jobs in Demand Again
http://www.redorbit.com/news/technology/1327814/mainframe_computing_jobs_in_demand_again/index.html
Old tech skills again in demand; Mainframe computing jobs vacant as the
Baby Boomers who set up systems begin retiring with few educated to fill
the spots
http://www.chicagotribune.com/business/chi-sat-tech-jobs-ibmapr05%2c0%2c2110029.story
from above:
Computer scientists say mainframes, the machines housed in hulking metal
boxes that store and process massive amounts of data for organizations,
are unfairly regarded as historical curiosities when they in fact remain
vital to corporations. As the Baby Boomers who set up these systems
begin retiring, companies are searching for new graduates with mainframe
computing skills.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM CEO's remuneration last year ? Newsgroups: bit.listserv.ibm-main Date: Mon, 07 Apr 2008 18:33:25antonbritz@GMAIL.COM (Anton Britz) writes:
reference to write downs heading for $400bln
https://www.garlic.com/~lynn/2008g.html#36
UBS is not the only one being ridiculed ... citibank is taking some too
... some additional references
https://www.garlic.com/~lynn/2008g.html#12
https://www.garlic.com/~lynn/2008g.html#32
old long-winded post from nearly decade ago touching on several things
... including needing improved (value) transparency for such financial
instruments.
https://www.garlic.com/~lynn/aepay3.htm#riskm
part of the problem is repeal of Glass-Steagall in the 90s which had kept unregulated investment banking separated from saftey and soundness of regulating banking (i.e. Glass-Steagall passed in the wake of crash of '29 having learned that unregulated activity had to be kept strictly separated from regulated activity).
various posts mentioning PBS program on the Wall Street Fix (repeal of
Glass-Steagall):
https://www.garlic.com/~lynn/2008f.html#13
https://www.garlic.com/~lynn/2008f.html#46
https://www.garlic.com/~lynn/2008f.html#71
https://www.garlic.com/~lynn/2008f.html#97
https://www.garlic.com/~lynn/2008g.html#2
PBS Wall Street Fix program URLs
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/fixing/
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/wcom/
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.html
including ...
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 ...
unregulated activity has had "leverage" rumored as high as 100 times; buy a toxic CDO, then borrow on the value of the toxic CDO and buy a new toxic CDO, repeat 100 times (actual capital is only one to two percent). repeal of Glass-Steagall allowed (such unregulated) activity to start to permeate into regulated banking.
UBS recently unloaded $24b of toxic CDOs ... supposedly "high
quality" at 70 cents on the dollar. Reports some of the toxic
CDOs have gone for as little as ten cents on the dollar.
https://www.garlic.com/~lynn/2008f.html#51
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM CEO's remuneration last year ? Newsgroups: bit.listserv.ibm-main Date: Tue, 08 Apr 2008 08:58:28Tom.Harper@NEONESOFT.COM (Tom Harper) writes:
unregulated investment banking institutions (outside federal reserve regulation ... although repeal of Glass-Steagall allowed such activity to impact regulated banking institutions).
earlier post
https://www.garlic.com/~lynn/2008f.html#76
references:
The Fed's Too Easy on Wall Street
http://www.businessweek.com/#missing-article
from above:
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 ...
now you roll forward into 2008 and finding that these firms are taking write-downs currently approaching $400b ... large part because of toxic CDOs investments over the past several years (and some cases requiring external investments to stay afloat ...or in other cases, not surviving).
and
https://www.garlic.com/~lynn/2008g.html#32
references:
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1933 (gone 404 and/or requires registration)
from above:
Linneman figures that 1,000 CEOs are accountable for about 80% of the
current lending mess. If the government were to spend $10 billion to
restore liquidity to the market in nine months with only 1,000 people
losing their jobs, it would be the best investment it could make to
restore the economy.
... snip ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: performance of hardware dynamic scheduling Newsgroups: comp.arch,alt.folklore.computers Date: Wed, 09 Apr 2008 08:46:06nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
old thread with some references/comments from fergus/morris book
https://www.garlic.com/~lynn/2001f.html#33
above references that the culture in wake of future system failure also
contributed to not being more aggresive with risc. on the other hand,
i've claimed that a lot of 801/risc was motivated to go to the opposite
extreme of future system ... misc. past posts mentioning 801/risc
https://www.garlic.com/~lynn/subtopic.html#801
I had somewhat ridiculed the (FS) effort at the time ... drawing comparison with continuously long-playing cult film down in central sq (inmates being in charge of the institution). Effort was killed before being announced ... but software & hardware product pipelines had somewhat alowed to empty ... so there was mad rush to get stuff back into motion. this is claimed to have contributed to clone processors gaining foothold in the business.
misc. other posts mentioning future system
https://www.garlic.com/~lynn/submain.html#futuresys
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: performance of hardware dynamic scheduling Newsgroups: comp.arch,alt.folklore.computers Date: Wed, 09 Apr 2008 09:31:34Anne & Lynn Wheeler <lynn@garlic.com> writes:
Amdahl had given a talk at mit in the 70s (sort of in the middle of future system effort going on) about starting a clone processor company. the audience gave a hard time about funding from non-US interests. He was also asked how did he justify the funding for the new startup. He said that customers had already spent something like $200b in developing 360 application software ... and even if IBM were to totally walk away from 360/370 (which could be considered a veiled reference to FS), that the application software base was sufficient to keep him in business through the end of the century.
since i had continued to work on 360/370 software all thru the period,
some old email references:
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
The 370 product pipeline going dry ... and then the mad rush to get stuff back into pipeline (after future system was killed) ... contributed to decisions to allow me to ship a bunch of software.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: performance of hardware dynamic scheduling Newsgroups: comp.arch,alt.folklore.computers Date: Wed, 09 Apr 2008 10:22:26nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
part of the issue of the attack of the killer micros ... was believing throwing hardware could overcome any design/software difficulty.
we had done the ha/cmp project
https://www.garlic.com/~lynn/subtopic.html#hacmp
and worked on cluster scale-up ... some old email
https://www.garlic.com/~lynn/lhwemail.html#medusa
before it was transferred to another org. and announced as a
supercomputer ... AND we were told we couldn't work on anything with
more than four processors ... misc. old post reference
https://www.garlic.com/~lynn/95.html#13
however, there was an enormous amount of money poured into various legacy re-engineering projects using object oriented messaging technology and "massive" parallelism.
one market segment working on this was financial, which was specifically encountering problems with the overnight batch windows. especially in the 70s&80s, some amount of financial operations had been partially moved online ... supporting real-time transactions ... but much of the processing was still being deferred and run in something called overnight batch windows.
the "massive" parallelism with the killer micros ... was to migrate to straight-through processing ... where the real-time transactions were processed to completion. The overnight batch windows were under extreme pressure from increasing workloads and globalization decreasing the length/size of the window (which straight-through processing and massive parallelism would all make go away). where the projects failed was that the object-oriented messaging paradigm was found to introduce a factor of 100 times overhead vis-a-vis the batch implementations (this was not discovered until well into several of the projects) which totally obliterated any "killer micro" and massive parallelism benefits. In some cases, nobody even bothered doing any speeds&feeds until attempting to start some actual production deployments.
some recent posts mentioning (spectacular) straight-through processing
failures:
https://www.garlic.com/~lynn/2007l.html#15 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007m.html#36 Future of System/360 architecture?
https://www.garlic.com/~lynn/2007u.html#19 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#21 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#37 folklore indeed
https://www.garlic.com/~lynn/2007u.html#44 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#61 folklore indeed
https://www.garlic.com/~lynn/2007v.html#19 Education ranking
https://www.garlic.com/~lynn/2007v.html#27 folklore indeed
https://www.garlic.com/~lynn/2007v.html#64 folklore indeed
https://www.garlic.com/~lynn/2007v.html#69 Controlling COBOL DDs named SYSOUT
https://www.garlic.com/~lynn/2007v.html#72 whats the world going to do when all the baby boomers retire
https://www.garlic.com/~lynn/2007v.html#81 Tap and faucet and spellcheckers
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/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#73 Price of CPU seconds
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
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: performance of hardware dynamic scheduling Newsgroups: comp.arch,alt.folklore.computers Date: Wed, 09 Apr 2008 12:16:03nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
side note ... one of the people that had worked on 801/risc in the 70s left and went to work for another vendor (in fact, several risc projects at other vendors picked up former 801 people during the 80s). later he shows up as one of the primary itanium architects. folklore was that he continued to work on blue iliad (1st 32bit 801 chip) for the two weeks after giving notice.
in the original 801/risc from the 70s ... the matra was that improved
compilers & systems (pl.8, cpr, etc) would overcome ...
https://www.garlic.com/~lynn/subtopic.html#801
and various old 801 email
https://www.garlic.com/~lynn/lhwemail.html#801
and attempting to take risc to the exact opposite of future system
https://www.garlic.com/~lynn/submain.html#futuresys
the hardware was exceedingly simplified (lots of hardware/software trade-offs in favor of sophisticated software) ... including things like no cache consistency (negating most smp implementations, up until joint somerset effort with motorola, apple, etc), no protection domains (only valid applications would be loaded for execution ... and only correct applications would be produced by compiler), inverted virtual memory tables, hardware segment "registers" (in lieu of tables). criticizing limited number of segment registers (in the 70s) for virtual memory operations was answered with the comment that "no protection domains" and "perfect applications" (produced by perfect pl.8 compiler) would be allowed to switch virtual memory segment register values as easily as changing general register contents.
early 801/risc projects were to replace the large myriad of corporate microprocessors ... including those used in low-end and mid-range 370s. Various "Iliad" 801 chips were targeted as processor emulation. Original as/400 was going to have iliad ... but when iliad ran into problems, as/400 group quickly turned out a cisc processor (later as/400 would finally move to 801/risc with power/pc ... and just last couple days there was announcemnt that the separate unix & as/400 lines on power/pc were being consolidated).
another early 801/risc project was romp which was going to be a (OPD) displaywriter follow-on. when that got killed, there was some investigation if they could keep the project alive ... and discovered "unix workstation" market. The pl.8 programmers were put to building a "virtual resource manager" and the company that had produced the pc/ix port was hired to do a port to "VRM". the justification was that the production of the VRM and the outside company doing a unix port to the VRM interface would take less time/money/resources than do a straight port directly to the 801/romp hardware ... this was later shown to be untrue and the VRM disappeared with transition from ROMP to RIOS (the snide explanation was that the whole VRM scenario was to give the pl.8 programmers something to do). romp also had to have some hardware tweaks for the unix workstation market since it required paradigm of kernel/privileged mode (and applications weren't presumed to be perfect and/or non-hostile).
for other topic drift ... having done a lot of work on smp, smp kernels,
compare&swap instruction, etc
https://www.garlic.com/~lynn/subtopic.html#smp
the choice to do cluster scale-up for rios ... was large part motivated
by rios not supporting any sort of (SMP) cache consistency
https://www.garlic.com/~lynn/subtopic.html#hacmp
besides obvious numerical intensive applications ... some mentioned
in old email
https://www.garlic.com/~lynn/lhwemail.html#medusa
also doing scale-up distributed lock manager for dbms operation ...
referenced in this post
https://www.garlic.com/~lynn/95.html#13
was at least in part based on having worked on original relational/sql
implementation ... misc. past posts
https://www.garlic.com/~lynn/submain.html#systemr
misc. past posts referencing itanium architect having also worked
in the 70s on both 370 and 801/risc
https://www.garlic.com/~lynn/2000c.html#84 Is a VAX a mainframe?
https://www.garlic.com/~lynn/2000e.html#57 Why not an IBM zSeries workstation?
https://www.garlic.com/~lynn/2002g.html#18 Black magic in POWER5
https://www.garlic.com/~lynn/2003j.html#35 why doesn't processor reordering instructions affect most
https://www.garlic.com/~lynn/2004f.html#28 [Meta] Marketplace argument
https://www.garlic.com/~lynn/2004f.html#29 [Meta] Marketplace argument
https://www.garlic.com/~lynn/2005p.html#18 address space
https://www.garlic.com/~lynn/2006.html#39 What happens if CR's are directly changed?
https://www.garlic.com/~lynn/2006e.html#1 About TLB in lower-level caches
https://www.garlic.com/~lynn/2006o.html#67 How the Pentium Fell Short of a 360/195
https://www.garlic.com/~lynn/2006p.html#42 old hypervisor email
https://www.garlic.com/~lynn/2006u.html#32 To RISC or not to RISC
https://www.garlic.com/~lynn/2007j.html#79 IBM 360 Model 20 Questions
https://www.garlic.com/~lynn/2007p.html#21 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2008.html#51 IBM LCS
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Credit crisis could cost nearly $1 trillion, IMF predicts Newsgroups: alt.folklore.computers Date: Wed, 09 Apr 2008 15:30:55re:
Credit crisis could cost nearly $1 trillion, IMF predicts
http://www.iht.com/articles/2008/04/08/business/imf.php
IMF says credit crisis remains threat to economic growth.
http://money.cnn.com/2008/04/08/news/economy/Economic_Forecast.ap/index.htm?postversion=2008040812
Citigroup, Wells Fargo May Loan Less After Downgrades
http://www.bloomberg.com/apps/news?pid=20601109
http://www.bloomberg.com/apps/news?pid=20601109&sid=a9YwntHR.pFQ&refer=home
from above:
The credit crunch has already cost the world's biggest financial
companies about $232 billion and forced a government bailout of New
York-based Bear Stearns Cos., the fifth-largest U.S. investment
bank. The International Monetary Fund said last week that banks were
in the worst financial crisis since the Great Depression.
... snip ...
recent posts mentioning Lehman suggesting it would (only) hit $400b
https://www.garlic.com/~lynn/2008g.html#36
https://www.garlic.com/~lynn/2008g.html#51
https://www.garlic.com/~lynn/2008g.html#52
posts quoting "write-down" sweepstakes news item (the winner was
UBS, but "citigroup hadn't been heard from yet")
https://www.garlic.com/~lynn/2008g.html#12
https://www.garlic.com/~lynn/2008g.html#32
https://www.garlic.com/~lynn/2008g.html#36
Citigroup Slips After 10 Years as Biggest U.S. Bank
http://www.bloomberg.com/apps/news?pid=20601109
http://www.bloomberg.com/apps/news?pid=20601109&sid=akRS1ZzldtpA&refer=home
from above:
Reeling from $20 billion of writedowns that helped shrink its shares
to less than half the 2000 high of $54.76, Citigroup is poised to
dispose of more than $200 billion of loans and securities to shore up
its capital, said a person with knowledge of the plans who declined to
be identified because they haven't been made public.
... snip ...
reference to Wall Street Fix ... and repeal of Glass-Steagall:
https://www.garlic.com/~lynn/2008g.html#2
Banks must get handle on complicated securities
http://www.globeinvestor.com/servlet/story/RTGAM.20080409.wiif0409/GIStory/
Banks must get handle on complicated securities
http://www.reportonbusiness.com/servlet/story/RTGAM.20080409.wiif0409/BNStory/robNews/?page=rss&id=RTGAM.20080409.wiif0409
long winded, decade old post that makes reference to being able to
correctly value such securities
https://www.garlic.com/~lynn/aepay3.htm#riskm
of course, they were invented during the S&L crisis ... somewhat
specifically to obfuscate the underlying values ... recent reference:
https://www.garlic.com/~lynn/2008f.html#53
https://www.garlic.com/~lynn/2008f.html#57
recent posts mentioning securities 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/2008b.html#21 Financial Analytics in E-Commerce: Starting to Take Shape
https://www.garlic.com/~lynn/2008b.html#24 folklore indeed
https://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#24 Job ad for z/OS systems programmer trainee
https://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
other related news stories on the subject:
Morgan Stanley's Mack Expects Credit Crisis to Last
http://www.bloomberg.com/apps/news?pid=20601109
http://www.bloomberg.com/apps/news?pid=20601103&sid=aw21NeVRhBFs&refer=us
Morgan Stanley CEO says he sees opportunity in credit crisis
http://money.cnn.com/2008/04/08/news/newsmakers/Morgan_CEO.ap/index.htm?postversion=2008040812
Citigroup Chief Aims to Sell $12 Billion of Loans, Person Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQUjnLLhAEK8&refer=home
Washington Mutual Declines In Pre-Market After Reportedly Selecting
TPG Over JP Morgan $7 Bln Offer
http://www.tradingmarkets.com/.site/news/STOCK%20ALERT/1334659/
CIBC finally agrees to $32-billion for ABCP restructuring
http://www.canada.com/victoriatimescolonist/news/story.html?id=%20c8f65706-1ca6-4875-889b-87242563f033
Banks must take fewer risks to restore confidence: Ackermann
http://www.financialpost.com/story.html?id=433396
Britain's economy | The bust begins
http://www.economist.com/daily/news/displaystory.cfm?story_id=11001376
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Virtualization: History repeats itself with a search for security Newsgroups: alt.folklore.computers Date: Wed, 09 Apr 2008 19:11:32Virtualization: History repeats itself with a search for security
from above:
"Every year at RSA there is a belle of the ball," Shimel said. "I think
this year virtualization and security is that topic."
"Nobody was talking about virtualization, and certainly not
virtualization security, 18 months ago," Boltz said. "Now,
virtualization and security are the topics of the year."
... snip ...
i would take issue with that.
for instance (from mailing list 1sep2004 about 60s virtualization & security)
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
and recent thread touching on MF VM integrity/security issues:
https://www.garlic.com/~lynn/2008g.html#18 CA ESD files Options.
https://www.garlic.com/~lynn/2008g.html#25 CA ESD files Options.
https://www.garlic.com/~lynn/2008g.html#26 CA ESD files Options.
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Credit crisis could cost nearly $1 trillion, IMF predicts Newsgroups: alt.folklore.computers Date: Wed, 09 Apr 2008 22:16:37Anne & Lynn Wheeler <lynn@garlic.com> writes:
Regulate All That Leverage
http://www.forbes.com/home/opinions/2008/04/09/croesus-chronicles-leverage-oped-cz_rl_0409croesus.html
from above:
Even in the wake of the crisis atmosphere post-absorption of Bear
Stearns by JPMorgan Chase, most major investment banking companies
still are leveraged 30 to 1, meaning that they have $30 of obligations
and liabilities for every $1 of equity capital.
In good times when markets are rising, this extreme leverage magnifies
the profits and the stock values of the likes of Goldman Sachs, Lehman
Brothers, Credit Suisse Group, Morgan Stanley and a host of others.
But in rocky times, this kind of leverage can sink the ship in no time
at all, as was the case of Bear Stearns and innumerable hedge funds
that have closed shop and are being liquidated.
... snip ...
Taking The Credit Crunch Private
http://www.forbes.com/home/wallstreet/2008/04/09/banking-credit-debt-biz-wall-cx_lm_0409private.html
from above:
The problems aren't just mortgage-related securities either. According
to Standard & Poor's, banks are saddled with $200 billion of buyout
debt they can't unload without painful losses. Leveraged loans are
trading an average of 88 cents on the dollar.
... snip ...
there were articles that crash of '29 was made so bad because stock market allowed margin trades with 20percent equity (5 to 1 leverage); decline of more than 20 percent, not only wiped out original investment ... but also required additional capaital from the investor. subsequent rules increased margin trades to 80percent equity.
30 to 1 leverage (or much higher) ... is only a little over 3 percent equity ... so it takes very trivial downturn to completely wipe-out the original investment. This sort of is assuming that they even start out with a reasonable valuation of the financial instruments (turned out that the toxic CDOs were exceedingly overvalued).
High Finance Laid Low
http://www.forbes.com/home/wallstreet/2008/04/09/banking-regulation-risk-biz-wall-cx_newsweek_0409samuelson.html
then there is the whole Wall Street Fix involving repeal of
Glass-Steagall and allowing unregulated investment banking activity
to pollute safety&soundness of regulated banking
https://www.garlic.com/~lynn/2008g.html#2
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Different Implementations of VLIW . Newsgroups: comp.arch,alt.folklore.computers Date: Thu, 10 Apr 2008 07:29:57nmm1@cus.cam.ac.uk (Nick Maclaren) writes:
and as mentioned here
https://www.garlic.com/~lynn/2008g.html#56 performance of hardware dynamic scheduling
... one of the itanium architects had worked on 370 as well as 801/risc
https://web.archive.org/web/20000816002838/http://www.hpl.hp.com/features/bill_worley_interview.html
another old itanium article
https://web.archive.org/web/20051031092309/http://www.hpl.hp.com/news/2001/apr-jun/itanium.html
the "itanium" architect is also credited with dual-address space mode for 3033.
the mainstream batch 360 operating system had a heavily ingrained pointer passing paradigm. in moving it to a (370) virtual memory environment, each application was given a 16mbyte virtual address space. However, first half of each virtual address space (8mbytes) contained an image of the kernel.
Also, there were many application services that had been done by "sub-systems" outside the kernel ... which also used pointer passing paradigm. In the morph to MVS virtual memory, each of these sub-systems resided in their separate virtual address space. In order to maintain the pointer-passing paradigm, a "common segment" (initially one mbyte) was created in each virtual address space ... where applications could squirrel away paramemters, invoke a kernel call to transfer to a specific subsystem ... passing a parameter pointer. The size of the common segment was actually proportional to the subsystems ... which for larger installations was hitting 4-5mbytes (and growing) ... only leaving 3-4mbytes for actual application use.
in the mad rush to get stuff back into 370 product pipeline ... after
demise of future system project
https://www.garlic.com/~lynn/submain.html#futuresys
and also recently mentioned
https://www.garlic.com/~lynn/2008g.html#53 performance of hardware dynamic scheduling
https://www.garlic.com/~lynn/2008g.html#54 performance of hardware dynamic scheduling
the 370-xa effort was kicked off ... which was going to take eight years. however, as a stop-gap there was the 303x effort. they took a 370/158 and slightly repackaged it as a 3031 and a 370/168 repackaged as a 3032. The 3033 started out as 168 wiring diagram mapped to faster (& denser chip technology). Initially just using the same circuits per chip, the 3033 would have been 20percent faster than 168. Some last minute design to take advantage of denser circuits/chip in critical areas pushed 3033 to 50percent faster.
however, the larger machine would have also met that customers would have run a larger variety of applications and subsystems on the 3033, resulting in the common segment increasing to 8mbytes ... and leaving zero bytes left for applications.
370-xa architecture had a generalized mechanism (access registers) to handle semi-privileged subsystem instruction access to multiple virtual address spaces (eliminating the need for using common segment for stuffing in parameters in support of pointer passing paradigm) as well as new hardware feature that allows direct calls&returns transferring between virtual address spaces (bypassing requirement for call into kernel for processing virtual address space switch). This was independent of 370-xa being 31-bit virtual addressing ... change from 24-bit virtual addressing.
However, 370-xa was still several years away ... so a dual-address space mode Q&D subset was rolled out for 3033 (attempting to mitigate common segment growing to 8mbytes and leaving nothing in each 16mbyte virtual address space for applications)
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: performance of hardware dynamic scheduling Newsgroups: comp.arch,alt.folklore.computers Date: Thu, 10 Apr 2008 09:24:16Andrew Swallow <am.swallow@btinternet.com> writes:
... and then later, processors.
also some comparison could be made with the stumble in the 70s with
future system
https://www.garlic.com/~lynn/submain.html#futuresys
providing opening for plug-compatible processor vendors ... and the stumble with itanium also has claimed to provide additional opportunity for AMD.
re:
https://www.garlic.com/~lynn/2008g.html#53 performance of hardware dynamic scheduling
https://www.garlic.com/~lynn/2008g.html#54 performance of hardware dynamic scheduling
https://www.garlic.com/~lynn/2008g.html#55 performance of hardware dynamic scheduling
https://www.garlic.com/~lynn/2008g.html#56 performance of hardware dynamic scheduling
old post that had some reference to FS from Fergus/Morris book:
https://www.garlic.com/~lynn/2001f.html#33
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Credit crisis could cost nearly $1 trillion, IMF predicts Newsgroups: alt.folklore.computers Date: Thu, 10 Apr 2008 09:45:51sidd@situ.com () writes:
some bookkeeping magic?
the $24b that UBS unloaded for 70cents on the dollar were supposedly "high" quality. the toxic CDOs that were downgraded from their triple-A status are supposedly going for between 10-50 cents on the dollar.
misc. refs:
https://www.garlic.com/~lynn/2008f.html#10 independent appraisers
https://www.garlic.com/~lynn/2008f.html#14 independent appraisers
https://www.garlic.com/~lynn/2008g.html#12 independent appraisers
https://www.garlic.com/~lynn/2008g.html#13 independent appraisers
https://www.garlic.com/~lynn/2008g.html#16 independent appraisers
https://www.garlic.com/~lynn/2008g.html#20 independent appraisers
https://www.garlic.com/~lynn/2008g.html#32 independent appraisers
https://www.garlic.com/~lynn/2008g.html#36 Lehman sees banks, others writing down $400 bln
https://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
earlier referenced UBS item:
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 ...
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Machine-Level Assembly Language Newsgroups: comp.lang.asm370,alt.folklore.computers Date: Sat, 12 Apr 2008 10:14:47Allodoxaphobia <bit-bucket@config.com> writes:
the science center in the mid-60s
https://www.garlic.com/~lynn/subtopic.html#545tech
csc/vm (&/or sjr/vm) posts
https://www.garlic.com/~lynn/submisc.html#cscvm
along with starting out with doing the cp40 virtual machine implementation (also doing hardware modifications to 360/40 for virtual memory support), also did cms (started out as cambridge monitor system, was later renamed to conversation monitor system).
cms made extensively use of os/360 language applications (assemblers,
compilers, etc) with emulation of the required os/360 facilities. this
included program link/loader having to support the intermediate
os/360 TXT conventions ... old post with "RLD" format:
https://www.garlic.com/~lynn/2002o.html#26 Relocation, was Re: Early computer games
starting on cp67 (the science center had morphed cp40 to cp67 when
360/67 with standard virtual memory hardware became available), i had
implementated page-mapped filesystem support for cms with a lot of
features for mapping executable files (from the filesystem) into virtual
memory. some old email referencing migrating work from cp67 to vm370
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
while the page-mapped filesystem stuff never shipped in product ... it
was extensively used in internal distributions ... recent reference
https://www.garlic.com/~lynn/2008g.html#48 How did third-party software companies deal with unbundling being sprung on them?
a small subset of the csc/vm support for mapping of objects to virtual
memory was shipped in vm370 release three as DCSS. This somewhat
happened because the demise of future system
https://www.garlic.com/~lynn/submain.html#futuresys
and the resulting mad rush to get stuff back into the 370 product pipeline ... created opportunity for picking up and shipping a lot of stuff that I had been doing (all thru the future system period) ... see the above referenced post regarding unbundling.
part of the issue was the original/basic support permitted a page-mapped filesystem object to be mapped to an arbitrary virtual memory address as well the same virtual memory object to be mapped to multiple different virtual address spaces (as shared object) ... and a shared object wasn't required to appear at the same virtual address in different virtual address spaces.
the os/360 TXT deck convention for RLD processing ... was that when the executable object is fetched and mapped to address space ... all the RLD address constants have to be swizzled to correspond to the loaded address. These has very adverse effects in a virtual memory environment. First ... all the virtual pages containing relocatable address constants, were being prefetched and modified before program execution could begin (forcing changed status on the page). Second ... once the relocatable address constants were swizzled to correspond with executing virtual address ... it was pinned to that address and wouldn't work at different addresses (eliminating the feasability of having the same virtual executable object appearing simultaneously at arbitrary different virtual addresses in different virtual address spaces).
At least this was one area where tss/360 did get it right (and some number of other operating systems specifically designed for virtual memory environment) ... which had executable object convention that allowed for it to be page-mapped with-out requiring all the relocatable address constants in arbitrary virtual pages to be modified ... as well as allowing for shared executable image to appear at arbitrary virtual addresses in different virtual address spaces.
For all the executable images that I would allow to appear at arbitrary
virtual addresses ... w/o pre-swizzling all the relocatable address
constants ... i had to go thru the source and eliminate all such
relocatable address constants. This was complicated by CMS having a
kernel API SVC202 interface that had a convention with a relocatable
address constant (frequently "*+4") following the SVC instruction.
https://www.garlic.com/~lynn/2004f.html#23 command line switches [Re: [REALLY OT!] Overuse of symbolic
--
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, 12 Apr 2008 12:43:54Anne & Lynn Wheeler <lynn@garlic.com> writes:
so, as opposed to the hording metaphor (speculators holding product off the market anticipating appreciation/inflation, subprime mortgages contributing since speculators are hoping they can flip before the adjustment occurs) ... another aspect of the toxic CDO infrastructure uses a pyramid metaphor (in conjunction with toxic CDOs being used to obfuscate underlying value, further contributing to infrastructure inflation)
What Is Wall Street Worth?
http://www.forbes.com/home/opinions/2008/04/08/sosnoff-wallstreet-value-oped-cx_mts_0409sosnoff.html
from above:
Net worth of the major houses ranges from $20 billion to $40
billion. With this paper a multiple of net worth, they had put
themselves into the category of prospective moral hazard candidates
(an economist's term). I prefer the more descriptive trader's argot:
"an accident waiting to happen." Ask yourself whether you would act so
crazy with your own account.
... snip ...
Confessions Of A Hedge Fund Manager Redux
http://consumerist.com/377065/confessions-of-a-hedge-fund-manager-redux
from above:
HFM: I don't know the size of the team, but they were sitting there,
buying asset-backed securities backed by sub-prime mortgages, they
were borrowing a lot of money, they used the capital they had, they
borrowed outside money, they bought sub-prime mortgages. They were
highly, highly leveraged. 50:1 leverage.
... snip ...
Are we headed for an epic bear market?
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
from above:
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 ...
Credit Default Swaps: Derivative Disaster Du Jour
http://www.opednews.com/articles/genera_ellen_br_080410_credit_default_swaps.htm
from above:
The Wall Street Ponzi Scheme
The Ponzi scheme that has gone bad is not just another misguided
investment strategy. It is at the very heart of the banking business,
the thing that has propped it up over the course of three centuries. A
Ponzi scheme is a form of pyramid scheme in which new investors must
continually be sucked in at the bottom to support the investors at the
top. In this case, new borrowers must continually be sucked in to
support the creditors at the top. The Wall Street Ponzi scheme is
built on "fractional reserve" lending, which allows banks to create
"credit" (or "debt") with accounting entries. Banks are now allowed to
lend from 10 to 30 times their "reserves," essentially counterfeiting
the money they lend. Over 97 percent of the U.S. money supply (M3) has
been created by banks in this way.
... snip ...
How Conventional CDO Analytics Missed the Mark
http://www.bobsguide.com/guide/news/2007/Dec/20/Kamakura_Releases_Study:_How_Conventional_CDO_Analytics_Missed_the_Mark.html
from above:
"Two years ago the Wall Street Journal in a page 1 story pointed out
the dangers in relying on the copula approach for CDO valuation, but
investors were slow to realize the magnitude of their model risk"
... snip ...
CDO Correlation: Reversal of Fortune; New Kamakura Study Proves Common
CDO Assumptions Can Lead to Serious Valuation Errors
http://www.marketwire.com/mw/release.do?id=811168
...
long winded, decade old post mentioning the S&L crisis, citicorp
(needing private equity infusion bailout in '89) and the mortgage-backed
securities valuation problems
https://www.garlic.com/~lynn/aepay3.htm#riskm
misc. past posts with references to some of the above:
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
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
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#71 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#37 Virtualization: The IT Trend That Matters
https://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
https://www.garlic.com/~lynn/2008g.html#59 Credit crisis could cost nearly $1 trillion, IMF predicts
https://www.garlic.com/~lynn/2008g.html#62 Credit crisis could cost nearly $1 trillion, IMF predicts
--
40+yrs virtualization experience (since Jan68), online at home since Mar70
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Machine-Level Assembly Language Newsgroups: comp.lang.asm370 Date: Sat, 12 Apr 2008 13:03:33Clark F Morris <cfmpublic@ns.sympatico.ca> writes:
a little x-over from thread in comp.arch about tools for programming
horizontal microcode and vliw ...
https://www.garlic.com/~lynn/2008g.html#56 performance of hardware dynamic scheudling
https://www.garlic.com/~lynn/2008g.html#60 Different Implementations of VLIW
--
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, 12 Apr 2008 13:57:41Walter Bushell <proto@xxx.com> writes:
recent posts mentioning business tv shows ridiculing both UBS
and Citigroup
https://www.garlic.com/~lynn/2008g.html#12 independent appraisers
https://www.garlic.com/~lynn/2008g.html#32 independent appraisers
https://www.garlic.com/~lynn/2008g.html#36 Lehman sees banks, others writing down $400 bln
https://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
Coming Soon ... Securitization with a New, Improved (and Perhaps
Safer) Face
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1933 (gone 404 and/or requires registration)
from above:
Linneman figures that 1,000 CEOs are accountable for about 80% of the
current lending mess. If the government were to spend $10 billion to
restore liquidity to the market in nine months with only 1,000 people
losing their jobs, it would be the best investment it could make to
restore the economy.
... 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 ...
and ...
So far that financial hit seems to be more the exception than the
rule. After all, when Stanley O'Neal lost his job as head of Merrill
Lynch, he retired with more than $160 million in benefits and stock
while Charles Prince, former CEO of Citigroup, left with a walk-away
package worth almost $70 million.
... snip ...
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/
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.
... snip ...
.... also:
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 ...
John Reed, Architect Of Citi Merger, Calls Deal Mistake
http://money.cnn.com/news/newsfeeds/articles/djf500/200804032006DOWJONESDJONLINE001187_FORTUNE5.htm
from above ...
The landmark merger that created Citigroup Inc. was a "mistake" that
failed to benefit the financial services conglomerate's investors,
customers and employees, said John Reed, who masterminded the $166
billion deal with Sandy Weill in 1998, The Financial Times reported on
its Web site Thursday.
... snip ...
John Reed on Citigroup: A Decade Long Disaster
http://seekingalpha.com/article/71270-john-reed-on-citigroup-a-decade-long-disaster
from above:
One of the reasons Chuck Prince succeeded Weill, after all, was that
he's a lawyer and was thought best equipped to deal with all the
regulatory issues that had beset Citi by the time Weill stepped down.
... snip ...
Which CEO to Blame for Citi's Woes?
http://www.portfolio.com/views/blogs/market-movers/2008/04/04/which-ceo-to-blame-for-citis-woes
Did Spitzer get a little help in hanging himself?
http://news.muckety.com/2008/03/12/spitzer-falls-farther-and-faster-than-his-targets/1121
from above:
Sanford Weill, who had built Citigroup into a global financial titan,
but whose final months as chief executive officer were overshadowed by
Spitzer's probe into the relationships between equity research
analysts and investment bankers during the internet boom years. Under
a 2002 settlement with Wall Street banks, Citigroup paid a $400
million fine, and Weill was forbidden to communicate directly with his
company's equity research analysts.
... snip ...
A Short History of Troubled Investment Bank Sales
http://blogs.wsj.com/deals/2008/03/16/a-short-history-of-troubled-investment-bank-sales/?mod=yahoo_hs
from above:
Drexel Burnham Lambert: Drexel was hit by the unexpected downturn in
the junk-bond market in the late 1980s, just as Bear Stearns has been
hit by the downturn in the subprime-mortgage markets. Drexel, like
Bear, also faced rumors of a liquidity squeeze. In 1989, Drexel's
troubles caused it to post the first operating loss in its 54-year
history; in 2007 Bear posted the first loss in its 83-year history.
... snip ...
.... and:
Salomon Brothers: The firm was forced to pay a huge regulatory fine
for allegedly submitting false bids on Treasury bonds. Warren Buffett
took over the firm for 10 months and saved Salomon when it was briefly
banned from trading Treasurys by intervening with regulators. Mr.
Buffett later said he believed Salomon might have gone bankrupt and
brought the world's financial system to a standstill -- as many
believe might happen were Bear to fall. Buffett sold Salomon to
Sanford I. Weill of Travelers Group for $9 billion. Salomon's name
survived for a time as Salomon Smith Barney. Though some veterans
still work there, they have been subsumed into Citigroup's investment
bank.
... 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, 12 Apr 2008 15:08:23Anne & Lynn Wheeler <lynn@garlic.com> writes:
Bank Write-Downs: No End Yet
http://www.time.com/time/business/article/0,8599,1727462,00.html
from above:
UBS, of course, is hardly alone. It may be the current banking leader of
the write-down scorecard, but the implosion of the U.S. subprime
mortgage market and general deflating of home prices has hit Wall Street
all around. Merrill Lynch, which ousted CEO Stan O'Neal in October, has
written down some $25 billion worth of assets. Citigroup, which booted
CEO Chuck Prince in November, is approaching $24 billion. On April 1,
the same day as UBS, Deutsche Bank declared another $4 billion
write-down. Across the board, banks are out some $200 billion since the
beginning of 2007.
... snip ...
... also:
Then there is the Federal Reserve, which has started lending directly to
investment banks (which have very happily borrowed) in order to instill
confidence in the system. And if the federal government will take
mortgage-backed paper as collateral, how bad could it be, really?
The answer, it seems, is worse.
... snip ...
Banks set to stumble again; Wall Street expects ugly first-quarter
results from Citigroup and Merrill Lynch. And the worst may not be over
for financials just yet.
http://money.cnn.com/2008/04/10/news/companies/bank_earnings/index.htm?postversion=2008041115
from above:
Of the six banks and brokers scheduled to report results in the next few
days, three are expected to post a loss - Merrill Lynch, Citigroup and
Washington Mutual, according to estimates from earnings tracker Thomson
Financial.
... snip ...
misc. recent posts mentioning financial write-downs:
https://www.garlic.com/~lynn/2008.html#90 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/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#76 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#32 independent appraisers
https://www.garlic.com/~lynn/2008f.html#75 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#94 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#12 independent appraisers
https://www.garlic.com/~lynn/2008g.html#13 independent appraisers
https://www.garlic.com/~lynn/2008g.html#20 independent appraisers
https://www.garlic.com/~lynn/2008g.html#32 independent appraisers
https://www.garlic.com/~lynn/2008g.html#36 Lehman sees banks, others writing down $400 bln
https://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
https://www.garlic.com/~lynn/2008g.html#52 IBM CEO's remuneration last year ?
https://www.garlic.com/~lynn/2008g.html#57 Credit crisis could cost nearly $1 trillion, IMF predicts
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#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
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#79 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
https://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#16 independent appraisers
https://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
https://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
https://www.garlic.com/~lynn/2008g.html#44 Fixing finance
https://www.garlic.com/~lynn/2008g.html#59 Credit crisis could cost nearly $1 trillion, IMF predicts
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40+yrs virtualization experience (since Jan68), online at home since Mar70