From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Sun, 09 Nov 2014 20:12:19 -0800Dan Espen <despen@verizon.net> writes:
can look at it as total amount offshore or as the percent offshored ... and the resulting effective tax rate.
from 2012
NerdWallet Study: Top Companies Paid 9% U.S. Tax Rate
http://www.nerdwallet.com/blog/investing/2012/corporate-taxes-only-9-percent/
Apple is #3 on the list in pre-tax earnings ... but also paid (only) 11% effective tax rate.
from 2013
Companies paying the most in income taxes
http://www.usatoday.com/story/money/personalfinance/2013/03/17/companies-paying-highest-income-taxes/1991313/
from above:
Apple (AAPL) has made a furious race up the ladder of top corporate tax
payers. As appeal for its iPad, iPhone and Mac products has exploded,
its tax payments have gone from $2 billion four years ago to $4.5
billion two years ago. And it has increased threefold since then. But
these days Apple is facing several growth challenges, which could
threaten its spot near the top of the tax tables and already have cut
its stock price by one-quarter from record levels. Due to the iPhone's
success, Apple was the dominant producer of smartphones since 2007. But
Samsung passed Apple in smartphone sales in 2011.
... snip ...
posts mentioning tax evasion, tax havens, tax loopholes, tax avoidance
https://www.garlic.com/~lynn/submisc.html#tax.evasion
however it is not only aggressive in using US tax loopholes but also aggressive in dodging taxes in other countries
Tax deal: How Apple shifts its billions out of Australia
http://www.smh.com.au/business/tax-deal-how-apple-shifts-its-billions-out-of-australia-20140306-347x9.html
Apple pays $193m tax in Australia on $27b revenue as Federal Government
vows to capture lost taxes
http://www.abc.net.au/news/2014-03-06/tax-expert-explains-how-apple-pays-193m-tax-on-27b-revenue/5303426
from above:
"So that means basically around 40 per cent of the payments we make to
buy Apple products in Australia has escaped Australian tax and at the
same time escaped tax anywhere in the world."
... snip ...
UK effective tax rate 1%
Apple's UK tax avoidance in two numbers
http://www.mirror.co.uk/news/ampp3d/apples-uk-tax-avoidance-two-4344344
Is Apple's tax avoidance rational?
http://www.bbc.co.uk/news/business-22607349
from above:
"Apple Inc established an offshore subsidiary, Apple Operations
International, which from 2009 to 2012 reported net income of $30bn, but
declined to declare any tax residence, filed no corporate income tax
return and paid no corporate income taxes to any national government for
five years."
... snip ...
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 10:01:32 -0800Peter Flass <peter_flass@yahoo.com> writes:
for the big special interests (with the majority of corporate income)
the effective taxrate is much lower than the published tax rates
... some of the largest in the single digits ... the special interests
are paying members of congress for the tax loopholes ... so it is hardly
in their interests to reform corporate tax rates (the theoritical
corporate tax rate motivation for the payments to congress for the
effective tax rates). all parties are involved. at the start of
2011/2012 congress, the new majority leader was on local DC news talking
about how the new darlings of the party were given plum positions on the
house committee responsible for the tax code (most desirable in congress
because they get the most money from the special interests). posts
mentioning tax evasion, tax havens, tax avoidance, tax loopholes
https://www.garlic.com/~lynn/submisc.html#tax.evasion
i've mentioned before televised economists roundtable talking about congress being most corrupt institution on earth ... in large part because of how they are able to induce special interests to pay for tax loopholes. they proposed moving to flat tax reform ... not so much for any benefits of "flat tax" itself ... but because of eliminating the enormous corruption associated with the current tax regulation (secondary was the complexity of the current regulations costs 3-6% in lost GDP dealing with it).
things had started to straighten somewhat with the fiscal responsibility
act (required that spending couldn't exceed revenue) ... which would
have had all federal debt retired by 2010
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
but congress allowed the fiscal responsibility act to expire in 2002 and
things then really went crazy ... 2010 CBO report had tax revenue cut by
$6T and spending increase by $6T (compared to baseline) for a $12T
budget gap (since grown to $17T debt, the enormous tax cuts going to the
special interests). in the middle of the last decade, the comptroller
general started including in speeches that nobody in congress was
capable of middle school arithmetic for how badly they were savaging the
budget.
https://www.garlic.com/~lynn/submisc.html#comptroller.general
TV news periodically refers to the apparent conflict between the two
parties as Kabuki theater to distract the public from what is really
going on
https://www.garlic.com/~lynn/submisc.html#kabuki.theater
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 10:42:31 -0800Dan Espen <despen@verizon.net> writes:
the party claiming to be the most aligned with fiscal conservatives was
the party that allowed the fiscal responsibility act to expire in 2002
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
which would have had all federal debt gone by 2010 ... and created the unbalanced budget with both enormous tax cuts at the same time as enormous spending increases
all of congress would be more inclinded to increase the corporate tax
rate as further incentive for tax loophole payoffs. congress has little
interest in fixing the tax code because of the enormous corruption and
payoffs from the special interests for the tax loopholes.
https://www.garlic.com/~lynn/submisc.html#tax.evasion
note from the same era as the fiscal responsibility act, there was also
regulation that required all federal agencies pass annual financial
audits. also from 2010 report, $2+T of the $6T spending increase went to
DOD, $1+T for the two wars and $1+T that couldn't be accounted for.
There is some speculation that by 2017, DOD might be able to pass a
financial audit ... 20yrs after it was first required ... military
industrial (congressional) complex:
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
for some topic drift ... there have been discussions that fiscal
conservatives started having doubts about the elimination of federal
debt. part of the discussion after the economic mess was that
wallstreet started buying up prominant economists as part of program
to direct attention away from the responsibility that wallstreet
played in. Some of this was explored in "Inside Job" ... recent refs
https://www.garlic.com/~lynn/2011d.html#21 The first personal computer (PC)
https://www.garlic.com/~lynn/2011j.html#51 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2012p.html#62 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013.html#20 The Big Fail
https://www.garlic.com/~lynn/2013.html#57 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#44 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#50 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013k.html#29 The agency problem and how to create a criminogenic environment
https://www.garlic.com/~lynn/2013l.html#1 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#8 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#48 Ex-Wall Street chieftains living large in post-meltdown world
https://www.garlic.com/~lynn/2013l.html#52 Lehman Brothers collapse: was capitalism to blame?
https://www.garlic.com/~lynn/2013m.html#76 The Scholars Who Shill for Wall Street
https://www.garlic.com/~lynn/2013o.html#81 Academics Who Defend Wall St. Reap Reward
https://www.garlic.com/~lynn/2014b.html#3 Royal Pardon For Turing
behind the scenes, the federal reserve is providing trillions of ZIRP
funds to the too big to fail ...
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
which turn around and use it to buy trillions of treasuries ... making
hundreds of billions profit each year on the spread between ZIRP and
treasury rate ... which wouldn't exist w/o federal debt ... recent
mention of ZIRP
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
New Report: 70% of Fortune 500 Companies Used Tax Havens in 2013
http://montanaorganizingproject.org/2014/06/2013-tax-haven-report/
some of the too big to fail have the largest number of offshore
subsidiaries in tax havens used to hide revenue ... example
http://www.middlewisconsin.org/corporate-tax-dodgers-bank-of-america/
Of Bank of America's 594 foreign subsidiaries, 313 are registered in offshore tax havens, including 175 in the Cayman Islands. Tax havens often impose little or no income taxes, and as long as the profits are held offshore Bank of America avoids U.S. taxes. There are 161 corporations registered in the Cayman Islands per hundred citizens, one of the highest ratios of any country on earth. Only the United Kingdom has more investment by U.S. corporations than the Cayman Islands.
... snip ...
Treasure Islands
https://www.amazon.com/Treasure-Islands-Havens-Stole-ebook/dp/B004OA6420/
explores how one of the biggest tax havens is the "city of london" ... which also helps direct activities at various offshore locations.
As Luxembourg Takes the Heat, the World's Worst Tax Haven - the City
of London - Remains Hidden in Plain Sight
http://wolfstreet.com/2014/11/08/as-luxembourg-takes-the-heat-the-worlds-worst-tax-haven-the-city-of-london-remains-hidden-in-plain-sight/
past posts mentiong "Treasure Islands":
https://www.garlic.com/~lynn/2013i.html#54 How do you feel about the fact that India has more employees than US?
https://www.garlic.com/~lynn/2013i.html#65 The Real Snowden Question
https://www.garlic.com/~lynn/2013i.html#81 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#3 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#26 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#2 IBM Relevancy in the IT World
https://www.garlic.com/~lynn/2013k.html#57 The agency problem and how to create a criminogenic environment
https://www.garlic.com/~lynn/2013k.html#60 spacewar
https://www.garlic.com/~lynn/2013l.html#1 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#60 Retirement Heist
https://www.garlic.com/~lynn/2013m.html#66 NSA Revelations Kill IBM Hardware Sales In China
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 12:22:12 -0800Dan Espen <despen@verizon.net> writes:
go offshore to tax havens for zero tax ... and then take various kinds of gov. subsidies and payments ...
too big to fail are getting trillions in ZIRP from federal reserve
... which they turn around and buy treasuries ... having federal debt is
convoluted process of providing payments to the too big to fail (blind
to the issue that it is helping destroy the country).
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
something analogous for the military-industrial-congressional-complex
... industry gets offshore tax loopholes *AND* payments for Success Of
failure projects. ref:
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
past posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
micc
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
there is law that if companies that are delinquent on taxes (not paying
anything, even after the enormous tax loopholes) ... they are excluded
from government contracts. recently there was list of companies put on
the list ... but then members of congress steps in on their behalf ...
allowing them to continue getting gov. contracts even though they were
on IRS tax cheat list.
https://www.garlic.com/~lynn/submisc.html#tax.evasion
something analogous went on late last decade for "wealthy individuals"
... even with the creation of enormous tax loopholes and offshoring for
tax avoidance ... there were still 53,000 who had used foreign bank
acounts to hide income (tax evasion) and avoid $400B in taxes
(2001-2008). Late last decade, IRS is in the news going after the $400B
in unpaid taxes. Then there is news in 2011 that the new congress was
going to eliminate funding the IRS dept. responsible for going after
that $400B. Then almost a farce, there is high profile news about
prosecuting a couple of those tax cheats and getting hundreds of
millions (what happened to the 53,000 and $400B?). past refs:
https://www.garlic.com/~lynn/2011k.html#15 Is the SEC Covering Up Wall Street Crimes?
https://www.garlic.com/~lynn/2011n.html#42 The Godfather of Kathmandu
https://www.garlic.com/~lynn/2012.html#29 Mitt Romney avoids U.S tax by using Offshore bank accounts
https://www.garlic.com/~lynn/2013e.html#27 Secrecy for Sale: Inside the Global Offshore Money Maze
https://www.garlic.com/~lynn/2013e.html#49 What Makes bank regulation and insurance Bizarre?
https://www.garlic.com/~lynn/2013e.html#70 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#72 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#6 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#13 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#69 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013j.html#26 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#27 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#32 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#38 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#64 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#73 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#64 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013l.html#68 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2014c.html#98 Credit Suisse 'cloak-and-dagger' tactics cost US taxpayers billions
https://www.garlic.com/~lynn/2014g.html#58 Credit Suisse, BNP Paribas at Risk of Criminal Charges Over Taxes, Business With Banned Nations
https://www.garlic.com/~lynn/2014g.html#100 After the Sun (Microsystems) Sets, the Real Stories Come Out
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 12:54:44 -0800scott@slp53.sl.home (Scott Lurndal) writes:
more mentioning ZIRP and corporate welfare
Moore On Corporate Welfare Queens
http://davidstockmanscontracorner.com/moore-on-corporate-welfare-queens-2/
Bulletin of Bernanke ZIRP unwinding
http://www.softpanorama.org/Skeptics/Financial_skeptic/Bulletin/index.shtml
Excess Reserves + ZIRP = Free Money For The Banks
http://clinvestments.com/wordpress/2011/04/29/excess-reserves-zirp-free-money-for-the-banks/
ZIRP << The Burning Platform
http://www.theburningplatform.com/tag/zirp/
... note, not all the ZIRP free money for too big to fail (welfare)
goes to buying treasuries ... some of it is provided to corporate
entities for private equity LBOs and stock buybacks ... helping their
top executives to make their EPS numbers ... and enormous bonuses (some
of this starting with the Greenspan "put" in the late 80s)
https://www.garlic.com/~lynn/submisc.html#greenspan
too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 13:47:26 -0800Dan Espen <despen@verizon.net> writes:
a problem was they dug a $12T hole between 2002-2010 ... allowing fiscal responsibility act to expire in 2002 ... which has been allowed to continue to get deeper. so they have to cut spending back to 2002 level, raise taxes back to the 2002 level *AND* raise taxes additional to get out of the $17T hole that they dug.
the talk about revenue "neutral" ... elininate tax loopholes with corresponding reduction in ("official") tax rate so tax revenue stays the same ... is somewhat obfuscation and misdirection. unfortunately that doesn't take care of resetting back to 2002 (which was to have eliminated all federal debt) ... and/or the additional needed to dig out of the $17T hole.
also doesn't take into account congressional obstruction when there is
actual tax evasion (as in the 53,000 wealthy americans & corporate
allowing to continue with gov. contracts when they aren't paying their
taxes). somewhat harkens back to the "Keating Five"
https://en.wikipedia.org/wiki/Keating_Five
in the S&L Crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
which also had executive branch family members involved
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
note that the VP claimed no involvement in the Contra afair
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was spending fulltime as the executive branch point person responsible for financial deregulation (primary enabler for the S&L mess).
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Mon, 10 Nov 2014 15:24:10 -0800re:
resetting to level playing field back to 2002 ... before they allowed
fiscal responsibility act to expire
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
and went crazy savaging the budget, cutting taxes *AND* increasing spending ... would mean something like $1T increase in current taxes and $1T cut in current spending.
However, since they also managed to dig a $17T hole
https://en.wikipedia.org/wiki/National_debt_of_the_United_States
... which is costing $415B/yr in interest
https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Interest_Paid
... lots of that going to too big to fail that have been using ZIRP
funds ...
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
to clear will require something around another $20T in tax revenue ... $17T and something like $2-3T for interest ... if done over 10yr period would require raising tax revenue by another $2T/yr ... or a total increase in tax revenue of $3T/yr total (for the next ten years).
percent of total tax revenues ... shows corporate tax nearly constantly
declining since (at least) the 40s
http://www.cbpp.org/cms/?fa=view&id=3822
other past posts on declining corporate tax (including US has the 2nd
lowest "effective" corporate tax in the developed world):
https://www.garlic.com/~lynn/2011i.html#20 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#40 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011m.html#20 Million Corporation march on Washington
https://www.garlic.com/~lynn/2012h.html#72 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012p.html#35 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013e.html#80 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#82 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#86 What Makes a thread about the European debt crisis Bizarre?
https://www.garlic.com/~lynn/2013e.html#91 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#13 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013h.html#25 'Big four' accountants 'use knowledge of Treasury to help rich avoid tax'
https://www.garlic.com/~lynn/2013i.html#82 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013i.html#84 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#19 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#73 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013n.html#97 ACA (Obamacare) website problems--article
https://www.garlic.com/~lynn/2014b.html#21 Quixotically on-topic post, still on topic
https://www.garlic.com/~lynn/2014b.html#32 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#57 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#94 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#100 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014i.html#95 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014l.html#3 HP splits, again
https://www.garlic.com/~lynn/2014l.html#28 HP splits, again
https://www.garlic.com/~lynn/2014l.html#86 Brand-name companies' secret Luxembourg tax deals revealed
https://www.garlic.com/~lynn/2014l.html#93 Brand-name companies' secret Luxembourg tax deals revealed
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Information Dominance Corps Self Synchronization Date: 10 Nov 2014 Blog: Boydre:
I recently posted in "IBM Retirees" (a view from beneath the dancing
elephant)
http://grandpaguysstories.com/2014/10/21/a-view-from-beneath-the-dancing-elephant/
then most recently in the resulting discussion, I posted in the thread:
I got a couple corporate OCAs and then started being told I would get no more promotions and/or corporate awards ... apparently having offended too many people, including ridiculing the FS effort and being blamed for online computer conferencing on the internal network in the late 70s and early 80s ... folklore is that when the executive committee was told of online computer conferencing (and the internal network), 5of6 wanted to fire me (possibly why they didn't was one of my hobbies was doing enhanced operating systems used by internal datacenters, including world-wide branch office, sales&marketing HONE system). From "truth is stranger than fiction", they paid me to leave July1992 (and never come back), my first day no longer at IBM, I get a letter saying I was promoted to STSM.
on change in IBM's corporate culture ... from "Computer Wars: The
Post-IBM World", Ferguson & Morris (about failure of FS):
and perhaps most damaging, the old culture under Watson Snr and Jr of
free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived
in the shadow of defeat
... and:
But because of the heavy investment of face by the top management, FS
took years to kill, although its wrongheadedness was obvious from the
very outset. "For the first time, during FS, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
I use to sponsor col. boyd's briefings at IBM ... he put it slightly
different way
"There are two career paths in front of you, and you have to choose
which path you will follow. One path leads to promotions, titles, and
positions of distinction.... The other path leads to doing things that
are truly significant for the Air Force, but the rewards will quite
often be a kick in the stomach because you may have to cross swords
with the party line on occasion. You can't go down both paths, you
have to choose. Do you want to be a man of distinction or do you want
to do things that really influence the shape of the Air Force? To be
or to do, that is the question." Colonel John R. Boyd, USAF 1927-1997
From the dedication of Boyd Hall, United States Air Force Weapons
School, Nellis Air Force Base, Nevada. 17 Sept 1999
posts mentioning Boyd
https://www.garlic.com/~lynn/subboyd.html
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Tue, 11 Nov 2014 11:00:24 -0800Walter Banks <walter@bytecraft.com> writes:
foreign auto makers are taking increasing part of US auto market, congress slaps import quotas ... significantly reducing competition, allows rise in prices and enormous increase in profits (supposedly to be used to completely remake themselves). not long later an article calls for 100% unearned profit tax on the US auto makers because they are pocketing the money and continued business as usual.
roll forward to early 90s, the industry has C4 taskforce to look at completely remaking themselves ... and since they are planning on heavily leveraging computer technology they invite several vendors to participate (offline I kid the guys from POK large mainframe why do they expect to help since they have many of the same problems). However, entrenched interests preserve the status quo and little changes.
roll forward to current time and GM gets large bailout (from TARP funds) and unload its retirement obligations ... supposedly again promising to significantly remake themselves ... but lots of comments that little has changed.
Pension Benefit Guaranty Corp.
http://www.pbgc.gov/
past posts mentioning PBGC (US companies declaring bankruptcy primarily so they can
unload retirement obligations on PBGC)
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2010b.html#24 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#46 search engine history, was Happy DEC-10 Day
TARP originally was supposedly $700B to buy toxic assets from too big
to fail
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
there was over $27T done during the bubble
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
and end of 2008, just the four largest too big to fail were still carrying
$5.2T in toxic assets "off-book" (the $700B would hardly make a dent)
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
Summer/fall of 2008, those toxic assets had been selling for 22cents on
the dollar. The $700B could almost clear that $5.2T at 22cents on the
dollar, but then the institutions would have to be declared bankrupt and
be liquidated.
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
other posts about corporate american and "retirement heist":
https://www.garlic.com/~lynn/2013l.html#60 Retirement Heist
https://www.garlic.com/~lynn/2013l.html#63 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013l.html#67 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013m.html#4 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013m.html#6 Voyager 1 just left the solar system using less computing powerthan your iP
https://www.garlic.com/~lynn/2013m.html#12 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013m.html#15 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013m.html#24 Voyager 1 just left the solar system using less computing powerthan your iP
https://www.garlic.com/~lynn/2013m.html#61 IBM now employs more workers in India than US
https://www.garlic.com/~lynn/2013m.html#79 Nobody Should Shed a Tear for JP Morgan Chase
https://www.garlic.com/~lynn/2013n.html#1 IBM board OK repurchase of another $15B of stock
https://www.garlic.com/~lynn/2013n.html#11 50th anniversary S/360 coming up
https://www.garlic.com/~lynn/2013n.html#20 Despite Eight Ongoing Criminal/Civil Investigations of JPMorgan, the Bank's a Law Enforcement Partner With the NYPD
https://www.garlic.com/~lynn/2013n.html#96 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013o.html#16 IBM Shrinks - Analysts Hate It
https://www.garlic.com/~lynn/2013o.html#64 "Death of the mainframe"
https://www.garlic.com/~lynn/2014.html#45 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014h.html#25 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014l.html#28 HP splits, again
https://www.garlic.com/~lynn/2014l.html#36 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#51 A View From Beneath the Dancing Elephant
https://www.garlic.com/~lynn/2014l.html#64 How Comp-Sci went from passing fad to must have major
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Tue, 11 Nov 2014 11:37:07 -0800latest
'Lux Leaks' causes 'tax storm' of government, media response
http://www.icij.org/blog/2014/11/lux-leaks-causes-tax-storm-government-media-response
from above:
Reporting by ICIJ and its partners was based on a leak of 548 private
tax rulings -- also known as "comfort letters" -- negotiated by
accounting giant PricewaterhouseCoopers on behalf of more than 340
multinational corporations. The documents provided a road map into how
corporations shave billions of dollars in taxes by routing profits
through Luxembourg.
... snip ...
"tax evasion", "tax avoidance", "tax havens", "tax loopholes", etc
https://www.garlic.com/~lynn/submisc.html#tax.evasion
past posts referencing icij.org
https://www.garlic.com/~lynn/2013e.html#27 Secrecy for Sale: Inside the Global Offshore Money Maze
https://www.garlic.com/~lynn/2013e.html#28 What Makes bank regulation and insurance Bizarre?
https://www.garlic.com/~lynn/2013e.html#46 Secrecy for Sale: Inside the Global Offshore Money Maze
https://www.garlic.com/~lynn/2013e.html#95 Secrecy for Sale: Inside the Global Offshore Money Maze
https://www.garlic.com/~lynn/2013f.html#6 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#11 Secrecy for Sale: Inside the Global Offshore Money Maze
https://www.garlic.com/~lynn/2013f.html#13 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#69 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013j.html#3 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#19 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013l.html#68 OT: NYT article--the rich get richer
https://www.garlic.com/~lynn/2013m.html#92 HSBC exposed in massive data leak in Belgium
https://www.garlic.com/~lynn/2013n.html#97 ACA (Obamacare) website problems--article
https://www.garlic.com/~lynn/2014d.html#79 Kleptocrats hiding funds in US warned 'we will find you'
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014h.html#95 How The Island Of Seychelles Became A Haven For Dirty Money
https://www.garlic.com/~lynn/2014k.html#85 HP splits, again
https://www.garlic.com/~lynn/2014l.html#86 Brand-name companies' secret Luxembourg tax deals revealed
https://www.garlic.com/~lynn/2014l.html#93 Brand-name companies' secret Luxembourg tax deals revealed
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 09:32:49 -0800Morten Reistad <first@last.name> writes:
or even fully funded ... one of the reasons for the bankruptcy to unload the plans on the pbgc is they play with paying benefits out of current revenue ... which works great with rapidly growing company ... only relatively trivial number of retirees and quickly growing young workforce. the real financial obligations for the current workforce is decades away ... so in the mean time all those obligations can be skimmed off and pocketed (which would be much harder to hide if the retirement fund was independent agency). Decades later when it dawns on people that the money wasn't there (by not fully funding) ... the money is long gone (legal theft, and even if it wasn't the statute of limitations would have expired).
when some companies did start building up retirement programs that were really fully funded ... the amount became an exceedingly attractive target. In the 90s, the companies started lobbying congress that the funds could be treated as an asset on the corporate balance sheet ... to boost the companies financials and the top executives bonuses ... part of the "retirement heist" (as assets the funds also become subject to any bankruptcy, at least one of the IBM retiree organizatons sued on the matter).
the large retirement funds also became prime target for the toxic CDO scam last decade ... those retirement funds are restricted to "safe investments" ... for the toxic CDO scam to work, they needed triple-A ratings to loot the retirement funds (the toxic CDO operators eventually discovered that they could pay the rating agencies for triple-A ratings ... even when the rating agencies knew they weren't worth triple-A ... from testimony in the Oct2008 congressional hearings).
one of the justifications given for the federal reserve keeping the
wallstreet financial infrastructure afloat behind the scenes ... is it
doesn't expose how badly the toxic CDO scams had victimized retirement
funds.
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The large state employee pension funds have more recently been targets of the private-equity industry ... some refs
Private Equity Consultants Flounder Over Question About Abusive
Evergreen Fees at CalPERS Board Meeting
http://www.nakedcapitalism.com/2014/10/private-equity-consultants-flounder-question-abusive-evergreen-fees-calpers-board-meeting.html
Gretchen Morgenson on the Damage of Private Equity Secrecy (and a
Mention of Our CalPERS Suit)
http://www.nakedcapitalism.com/2014/10/gretchen-morgenson-damage-private-equity-secrecy-mention-calpers-suit.html
CalPERS Rescinds $700 Million Investment With Private Equity Fund Headed
By Doctor With No Private Equity Experience
http://www.nakedcapitalism.com/2014/08/calpers-rescinds-700-million-investment-private-equity-fund-headed-doctor-private-equity-experience.html
More on CalPERS' Sloppy Private Equity Records and Its Aggressive Stonewalling
http://www.nakedcapitalism.com/2014/06/calpers-demonstrates-commitment-operating-bad-faith-public-records-act-requests-keen-hide-bad-records.html
CalPERS' Private Equity Scandals and the Steptoe & Johnson Report Whitewash
http://www.nakedcapitalism.com/2014/03/calpers-private-equity-scandals-steptoe-johnson-report-whitewash.html
and having major shortfall
CalPERS Admits 52% Underfunding on State Employee Pensions
http://www.breitbart.com/Breitbart-California/2014/04/18/CalPers-Admits-52-Underfunding-on-986-billion-Shortfall
Study: State pension shortfalls reach $4.1 trillion
http://dailycaller.com/2013/09/03/study-state-pension-shortfalls-reach-4-1-trillion/
U.S. Public Pension Shortfalls Exceed $1 Trillion
http://www.bloomberg.com/news/2014-06-10/u-s-public-pension-shortfalls-exceed-1-trillion.html
these are the guys that got such a bad repuations with the S&L mess,
that they changed the industry name to private equity and started
calling their "junk bonds" "high-yeild bonds".
https://www.garlic.com/~lynn/submisc.html#private.equity
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 10:05:22 -0800"Osmium" <r124c4u102@comcast.net> writes:
GM tells court it not liable for claims over pre-bankruptcy cars
http://www.reuters.com/article/2014/11/06/us-gm-recall-bankruptcy-idUSKBN0IQ01620141106
GM Could Face $2 Billion Tab If Bankruptcy Shield Falls
http://www.bloomberg.com/news/2014-11-05/gm-could-face-2-billion-tab-if-bankruptcy-shield-falls.html
GM urges bankruptcy judge to toss out older-car suits
http://www.detroitnews.com/story/business/autos/general-motors/2014/11/06/gm-lawsuit/18582353/
whether the gov. actually came out ahead on the deal is whether use very narrow blinders on the TARP money in ... and direct payments back ... with lots of fiddling of the books and not taking into account that the gov. will have to step in on all this other stuff.
also use of TARP funds originally was suppose to be for purchase of
toxic assets from too big to fail ... when they found that $700B
couldn't come close to handle the problem ... they turned it into some
"token" investments into too big to fail (with lots left over that
they could use elsewhere).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
and
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
they then try and cook the books so it appears the "investments" are mostly paid off. In GM case, profit based on assuming that it had shed an enormous amount of liabilities. In the too big to fail case, Federal Reserve providing ZIRP trillions which are then used to purchase big part of the $17T in gov. debt ... the interest not only pays off the TARP loans but also pays enormous executive bonuses (and federal reserve also buying trillions in too big to fail toxic assets at 98cents on the dollar that had been going for 22cents).
Note I've periodically suggested that instead of providing ZIRP trillions to the too big to fail (so they can turn around at buy treasuries), that the federal reserve uses the ZIRP trillions to direclty underwrite the federal debt (and eliminate the enormous amount that wallstreet skims on the transactions).
I've mentioned before in Jan2009 being asked to HTML'ize the Pecora
hearings with lots of enhancements (assuming the new congress would have
appetite to do something) and then being told that it wouldn't be needed
after all (capital hill being totally buried under piles of wallstreet
money). However, it is also in wallstreet's interest to have enormous
federal debt and keeping the ZIRP game running.
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 11:30:58 -0800"290jkl" <290jkl@nospam.com> writes:
BusinessWeek Wants YOU To Become A Keynesian Debt Slave
http://www.zerohedge.com/news/2014-10-30/businessweek-wants-you-become-keynesian-debt-slave
We Are Living In A State Of Keynesian "Bliss"
http://www.zerohedge.com/news/2014-09-21/we-are-living-state-keynesian-bliss
Guest Post: Why Keynesian Political Economy Is Theft
http://www.zerohedge.com/news/2014-03-02/guest-post-why-keynesian-political-economy-theft
All The Presidents' Bankers: The World Bank And The IMF
http://www.zerohedge.com/news/2014-04-12/all-presidents-bankers-world-bank-and-imf
Hayek On Keynes: "Economics Was A Sideline For Him"
http://www.zerohedge.com/news/2014-02-17/hayek-keynes-economics-was-sideline-him
Guest Post: Why Keynesian Political Economy Is Theft
http://www.zerohedge.com/news/2014-03-02/guest-post-why-keynesian-political-economy-theft
one of the scenarios is large corporate contributions to lobbying organizations for not/never rasing minimum wage and conditions favorable to large increase in illegal workers.
in the 90s there was request to GAO to report on what illegal workers
being paid below subsistance wages costs the gov. (various social
services) ... and it avgs. out to approx. $10K/annum (basically a
$10K/annum/worker gov. subsidy to those corporations). what i found
even more interesting ... I could find no evidence that the report has
ever been updated. old reference:
https://www.garlic.com/~lynn/2011l.html#70 Zakaria: Only China can save Europe
the other indication i found was First Financial acquired western union
(at time when it had very poor earnings), then in 90s, First Financial
merges with First Data (first data has to divest moneygram as part of
the merger). The explosion the first half of last decade in all the
illegal workers sending paychecks home results in western union
accounting for half of First Data bottom line and in the middle of last
decade, western union is spun off in IPO. some refs:
https://www.garlic.com/~lynn/2002p.html#33 Western Union data communications?
https://www.garlic.com/~lynn/2012d.html#21 Inventor of e-mail honored by Smithsonian
https://www.garlic.com/~lynn/2012k.html#34 History--punched card transmission over telegraph lines
https://www.garlic.com/~lynn/2012m.html#24 Does the IBM System z Mainframe rely on Security by Obscurity or is it Secure by Design
https://www.garlic.com/~lynn/2013h.html#77 IBM going ahead with more U.S. job cuts today
https://www.garlic.com/~lynn/2013k.html#2 IBM Relevancy in the IT World
https://www.garlic.com/~lynn/2013k.html#28 Flag bloat
https://www.garlic.com/~lynn/2013k.html#29 The agency problem and how to create a criminogenic environment
https://www.garlic.com/~lynn/2013k.html#31 China mulls probe into IBM, Oracle, EMC after NSA hack claims - report
https://www.garlic.com/~lynn/2013l.html#60 Retirement Heist
https://www.garlic.com/~lynn/2014f.html#74 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014k.html#55 LA Times commentary: roll out "smart" credit cards to deter fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 14:57:35 -0800Peter Flass <peter_flass@yahoo.com> writes:
bank underwriters & examiners wouldn't have allowed no-down loans to be carried on the books. In order to have no-down (/liar) loans ... there had to be a way of unloading them ... and the market was nearly non-existent w/o the triple-A rating. Being able to pay for triple-A ratings ... allowed anybody to have access to the funds necessary to do loan origination ... and the loan origination morphed from profit on the loan payments (loans made with regulated depository funds) to profit they made unloading the triple-A rated toxic CDOs on unsuspecting buyers.
It wasn't just no-down/liar loans ... as I've periodically repeated it also enables no-documentation loans ... since triple-A rating trumps supporting documentation. Profit for loan originators then was purely how many loans could be turned over how quickly ... down payments, credit checks, documentation, etc ... would just slow the process (& profit) down
The loan originators no longer had any skin in whether the loan
eventually fails. In fact some of the too big to fail wallstreet
entities were encouraging loans that would fail ... they could put
together toxic CDOs designed to fail, pay for triple-A ratings, sell
them to their unsuspecting customers, and then take out CDS gambling
bets that they would fail (making profit on both the sale of the toxic
CDO and on the CDS gambling bet).
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
A big part of the AIG thing with gov. "TARP" loan was all about the CDS gambling bets. Story at the time was AIG was negotiating to pay off the CDS gambling bets at 50-60 cents on the dollar ... when the SECTREAS (and former head of one of the biggest toxic CDO sellers & CDS gamblers) steps in and says that is illegal, forces AIG to take TARP loan to pay off at 100cents on the dollar (biggest beneficiary is company that he formally headed), and also requires AIG to sign a document prohibiting them from suing the CDS gamblers.
Then from the law of unintended consequences ... the lack of documents
results in the too big to fail having to set up document fabrication
mills turning out the fraudulent (missing) documents required for
foreclosures. recent refs:
https://www.garlic.com/~lynn/2014.html#44 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#28 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014c.html#70 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014d.html#46 Wells Fargo made up on-demand foreclosure papers plan: court filing charges
https://www.garlic.com/~lynn/2014d.html#47 Stolen F-35 Secrets Now Showing Up in China's Stealth Fighter
https://www.garlic.com/~lynn/2014f.html#70 Obama Administration Launches Plan To Make An "Internet ID" A Reality
https://www.garlic.com/~lynn/2014g.html#54 Has the last fighter pilot been born?
https://www.garlic.com/~lynn/2014h.html#111 Maine Supreme Court Hands Major Defeat to MERS Mortgage Registry
https://www.garlic.com/~lynn/2014i.html#14 Instead of focusing on big fines, law enforcement should seek long prison terms for the responsible executives
https://www.garlic.com/~lynn/2014k.html#0 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014k.html#3 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 15:30:26 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
however, they are having a day in court anyway ... latest leaking out:
AIG Bailout Trial Revelation: Morgan Stanley Told Geithner it Would File
for Bankruptcy the Weekend it Became a Bank
http://www.nakedcapitalism.com/2014/11/aig-bailout-trial-revelation-morgan-stanley-told-geithner-file-bankruptcy-weekend-became-bank.html
from above:
One of the hopes was that this trial would unearth new information about
how the crisis was handled by the officialdom. Just as in wars, the
history has been written by the victors. Here conventional wisdom was
set in place by what amounted to an authorized narrative, Andrew Ross
Sorkin's Too Big to Fail.
... and
But it was a given that the Fed was going to provide liquidity, so the
"guarantee they'd refused to give to Lehman was already in place. There
was nothing to lose in entertaining these offers ... unless the real
objective was not simply to salvage AIG at minimal cost to the public
but to use it to launder rescue money to banks. More on that in future
posts.
... snip ...
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 16:07:26 -0800past posts mentioning inequality
there were articles starting in the 80s about MBA destroying american
business ... they were being taught how to protect monopolist positions
... as opposed to innovation (aided by accountants and lawyers) ... some
recent refs:
https://www.garlic.com/~lynn/2014.html#16 Command Culture
https://www.garlic.com/~lynn/2014b.html#86 Can America Win Wars?
https://www.garlic.com/~lynn/2014d.html#47 Stolen F-35 Secrets Now Showing Up in China's Stealth Fighter
https://www.garlic.com/~lynn/2014d.html#89 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2014f.html#61 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014h.html#100 The SDS 92, its place in history?
https://www.garlic.com/~lynn/2014j.html#51 Is coding the new literacy?
https://www.garlic.com/~lynn/2014k.html#4 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014l.html#30 HP splits, again
and then there is another MBA (Mortgage bankers association)
... recent reference
https://www.garlic.com/~lynn/2014d.html#64 Wells Fargo made up on-demand foreclosure papers plan: court filing charges
this also was corporations with large people-intensive operations
starting to shift profit from the people-intensive to independent
business operations. in the 90s, airline holding companies were making
profits even when the airline carrier was loosing money (because the
profit had been shifted to the computerized reservation & ticketing
unit). Auto industry was also shifting profit from the making of cars to
the (computerized) loan operations (the building of cars could break
even or even loose money, but the parent company could turn an overall
profit from the auto loans). basically a strategy of walling off
expenses and liabilities from the profit (frequently computer intensive
requiring small staffs). The strategy also makes it easier for the more
resource intensive part to declare bankruptcy and futher shed expenses
and liabilities. The miracle of GE during the 90s has the financial unit
growing to half the bottom line ... even though it only had one percent
of the people. recent posts
https://www.garlic.com/~lynn/2014.html#84 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#37 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#70 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014k.html#41 Neon vs. incandescent indicator lights; The Lonely Computer; electron excitement
https://www.garlic.com/~lynn/2014k.html#69 LA Times commentary: roll out "smart" credit cards to deter fraud
note during the start of this century some of the auto financial units
also started playing heavily in the securitized mortgages and the
triple-A toxic CDO mess.
https://en.wikipedia.org/wiki/Ally_Financial
toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 18:03:54 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
because of involvement in the mortgage mess, the financial unit
doesn't walk away completely free ... from the wiki entry
Legal action over robo-signing
On October 6, 2010 Attorney General of Ohio Richard Cordray filed suit
against Ally Financial Inc seeking $25,000 in penalties for each
instance of fraud, in addition to undisclosed amount of consumer
restitution. The action could potentially mean hundreds or thousands of
individual penalties for each instance of robo-signing that occurred in
the state of Ohio.[21]
... snip ...
"robo-signing" document mills
2010 United States foreclosure crisis
https://en.wikipedia.org/wiki/2010_United_States_foreclosure_crisis
note that there have been complaints about the large part of settlement fund has gone to cronies of too big to fail as overhead and administration and other scams (with sometimes as little as couple hundred trickling down to the victims that were out hundreds of thousands).
Banks find way to benefit from robo-signing scandal
http://www.tampabay.com/news/business/realestate/banks-find-way-to-benefit-from-robo-signing-scandal/1276068
re:
https://www.garlic.com/~lynn/2013.html#41 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
More Whistleblower Leaks on Foreclosure Settlement Show Both
Suppression of Evidence and Gross Incompetence
http://www.nakedcapitalism.com/2013/01/more-whistleblower-leaks-on-foreclosure-settlement-show-both-suppression-of-evidence-and-gross-incompetence.html
from above:
No wonder the Fed and the OCC snubbed a request by Darryl Issa and
Elijah Cummings to review the foreclosure fraud settlement before it
was finalized early last week. What had leaked out while the Potemkin
borrower reviews were underway showed them to be a sham, as we
detailed at length in an earlier post. But even so, what actually took
place was even worse than hardened cynics had imagined.
... snip ...
refs:
Cummings criticizes mortgage servicer settlement
http://www.baltimoresun.com/business/real-estate/wonk/bs-re-cummings-criticizes-mortgage-servicer-settlement-20130109,0,7969992.story
Pending Foreclosure Fraud Settlement Achieves New Level of Abject Regulatory Failure
http://www.nakedcapitalism.com/2013/01/pending-foreclosure-fraud-settlement-achieves-new-level-of-abject-regulatory-failure.html
Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start
http://www.huffingtonpost.com/2013/01/14/foreclosure-review-failure-start_n_2468988.html
more recent:
New Ruling on Mortgage Putbacks a Potential Huge Win for Banks
http://www.nakedcapitalism.com/2013/01/new-ruling-on-mortgage-putbacks-a-potential-huge-win-for-banks.html
from above:
Investors in mortgage-backed securities were not quite as dumb as the
crisis aftermath had made them look. The sponsors of the
securitizations made promises in the offering documents (called
representations and warranties) about the quality of the loans. It
turns out they lied.
... snip ...
and other items
Pending Foreclosure Fraud Settlement Achieves New Level of Abject
Regulatory Failure
http://www.nakedcapitalism.com/2013/01/pending-foreclosure-fraud-settlement-achieves-new-level-of-abject-regulatory-failure.html
Too Big To Jail; Why did the Obama administration agree to a
"robo-signing" settlement that barely punishes the huge banks behind the
foreclosure crisis?
http://www.slate.com/articles/business/project_syndicate/2012/02/the_robo_signing_settlement_won_t_help_homeowners_and_it_doesn_t_hurt_the_banks_.html
The Administration Likes Foxes in Charge of Henhouses -- Proof
that OCC Foreclosure Reviews Are a Sham
http://www.nakedcapitalism.com/2011/12/michael-olenick-the-administration-likes-foxes-in-charge-of-henhouses-%E2%80%93-proof-that-occ-foreclosure-reviews-are-a-sham.html
toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
whistleblower posts
https://www.garlic.com/~lynn/submisc.html#whistleblower
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 12 Nov 2014 Subject: How Much Does It Cost To Keep JPMorgan FX-Riggers Out Of Jail? Blog: Financial Crime Risk, Fraud and Securityre:
JP Morgan Chase cost US taxpayers millions, had them pay for
settlement - Matt Taibbi
http://rt.com/usa/204603-matt-taibbi-us-taxpayers/
from above:
Speaking with Thom Hartmann on RT's 'The Big Picture', Taibbi said
that Fleischmann, a deal manager at the company, criticized JP
Morgan's banking practices when she realized that the normal
procedures on due diligence and compliance on loans were not being
handled in the usual way. These loans were to be packed into
securities and re-sold to investors (pension funds, hedge funds,
insurance companies), but the due diligence department wasn't
forthcoming with information, and deal managers were told not to send
emails with their inquiries.
As a result of JP Morgan's decision to sell these loans despite
knowing they were defective, Taibbi said Americans suffered
dramatically.
.... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Wed, 12 Nov 2014 23:36:54 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
recent thread:
https://www.garlic.com/~lynn/2014l.html#92 How Much Does It Cost To Keep JPMorgan FX-Riggers Out Of Jail?
https://www.garlic.com/~lynn/2014m.html#17 How Much Does It Cost To Keep JPMorgan FX-Riggers Out Of Jail?
millions would be a gross understatement ...
JP Morgan Chase cost US taxpayers millions, had them pay for
settlement - Matt Taibbi
http://rt.com/usa/204603-matt-taibbi-us-taxpayers/
from above:
"Everyone who bought them experienced massive losses," he said. "What a
lot of people don't understand in the financial crisis is that if you
have a pension, or you were involved in a mutual fund or your state's
retirement fund was invested in mortgage backed securities, you probably
woke up at some point in late 2008 and noticed that 30 to 40 percent of
that fund had disappeared. In large part, this was because banks like
Chase and other companies were selling these defective products to
investors, and they were experiencing massive defaults and massive
losses."
... snip ...
toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
too big to fail, too big to prosecute, too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
whistleblower
https://www.garlic.com/~lynn/submisc.html#whistleblower
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 12 Nov 2014 Subject: Microsoft Open Sources .NET, Saying It Will Run on Linux and Mac Blog: FacebookMicrosoft Open Sources .NET, Saying It Will Run on Linux and Mac
If anything, "EAGLE" from FS, and continued to survive afterwards
... it was to be the follow-on DBMS. SYSTEM/R was done by san jose
research on vm370 370/145. The "folklore" was that was able to do the
technology transfer to endicott and release as SQL/DS "under the
radar" because the corporation was pre-occupied with "EAGLE". When
EAGLE imploded, there was a request about how fast could SYSTEM/R be
ported to MVS ... eventually released as DB2 ... originally for
decision support only. REF and past posts mentioning SYSTEM/R
https://www.garlic.com/~lynn/submain.html#systemr
FS was horribly complex and horribly slow ... whole sections being
little more than blather. Performance simulation done near the end had
370/195 applications run on the fastest possible FS machine would have
throughput of 370/145 (factor of 10-30 times slowdown). I use to
ridicule whole sections of FS ... which possibly wasn't the most
career enhancing activity. FS internal politics was killing off 370
projects ... which is credited with giving clone processors a market
foothold. When FS imploded there then was a mad rush to get 370
products back into the pipeline. Folklore is some of the FS people
then retreated to Rochester and did a vastly simplified implementation
for the non-performance critical, low-end market as the S/38. AS/400
was later done as merged S/36 & S/38 product ... dropping/simplifying
S/38 features. REFs and past posts mentioning Future System
https://www.garlic.com/~lynn/submain.html#futuresys
I've periodically commented that John at least partially did RISC as
counter to the horrible complex FS ... although part of it was counter
to the performance penalty paid for 370 multiprocessor cache
consistency (because of the rigid/strong 370 memory consistency
model). REFs and past posts mentioning 801/risc, Iliad, ROMP, RIOS,
Power, etc
https://www.garlic.com/~lynn/subtopic.html#801
Charlie invented compare-and-swap (name chosen because CAS are
charlie's initials) when he was working on cp67 (precursor to vm370)
multiprocessor fine grain locking at the cambridge science
center.
https://www.garlic.com/~lynn/subtopic.html#545tech
Initially it was rejected for inclusion in 370 (becuase POK favorite
son operating system people said it wasn't needed). Finally was able
to justify for including in 370 with application serialization
examples (which still are included in POP). Theoretically TS, CS, CDS
were the only instructions that needed strict cache consistency
... however high-end 370 appeared to be enforced for other operations
(possibly because of software issues with the POK favorite son
operating system). REFS and pasts posts mentioning compare&swap and/or
multiprocessor operation
https://www.garlic.com/~lynn/subtopic.html#smp
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 13 Nov 2014 Subject: How To Make Transparency Part Of Organizational Culture Blog: FacebookHow To Make Transparency Part Of Organizational Culture
We were brought in as consultants for a small client/server startup that wanted to do payment transactions on their server, they had also invented this technology they called "SSL", the result is now frequently called "electronic commerce". In the mid-90s we were asked to participate in the x9a10 financial working group (in part for having done e-commerce), which had been given the requirement to preserve the integrity of the financial infrastructure for *ALL* retail payments. We were then asked into NSCC (before they merged with DTC to form DTCC) to work on improving integrity of trading transactions. We worked on it for awhile and then got a call saying that it was being suspended, a side-effect of the integrity work would have greatly improved transparency and visibility (anti-thetical to wallstreet culture). In the congressional Madoff hearings they had the person testify that tried unsuccessfully for a decade to get the SEC to do something about Madoff. They asked him if new regulations were needed. He replied that while new regulations might be needed, but much more important was transparency and visibility (SEC wasn't enforcing the regulations they had).
posts mentioning madoff
https://www.garlic.com/~lynn/submisc.html#madoff
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 14 Nov 2014 Subject: Senate Democrats vs. the Middle Class; Senators elected in 2008 made Obama's agenda possible, and its results have harmed most Americans Blog: FacebookSenate Democrats vs. the Middle Class; Senators elected in 2008 made Obama's agenda possible, and its results have harmed most Americans
from above:
Mr. Gramm, a former Republican senator from Texas, is a visiting
scholar at the American Enterprise Institute. Mr. Solon is a former
adviser to Senate Republican Leader Mitch McConnell.
... snip ...
for little truth in advertising, Gramm (with help from his wife) is #2
on times list responsible for financial mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
GLBA act that repeals Glass-Steagall (enabling too big to fail, too big to prosecute, and too big to jail) ... but also a number of other things ... including provision in commodities futures modernization act preventing CDSs from being regulated.
http://www.nytimes.com/2008/11/17/business/17grammside.html
from above:
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
from above:
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
from above:
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission (pending provision by her husband preventing regulating CDS) before Wendy then resigned to join Enron's board. Preventing regulation of CDS was originally favor for ENRON, but then later plays major role in the financial mess (and AIG).
5 things to know about income inequality
http://money.cnn.com/2014/11/14/news/economy/income-inequality/
Corporate Profit Margins vs. Wages in One Disturbing Chart
http://www.nakedcapitalism.com/2014/11/corporate-profit-margins-vs-wages-in-one-disturbing-chart.html
graph
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
from this article
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html
Jan2009 I was asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash that resulted in lots of criminal convictions, Glass-Steagall act, etc; scanned fall2008 at Boston Public Library) with extensive internal x-refs and lots of URLs linking what happened this time and what happened then (comments about expectation that the new congress would have appetite to do something). I worked on it for awhile and then got call saying it wouldn't be needed after all (comments that enormous piles of wallstreet money was totally burying capital hill)
note that the financial mess was 70 times larger than the S&L crisis
which had 30,000 criminal referrals and 1,000 criminal convictions
... the financial mess has had *ZERO* criminal referrals and *ZERO*
criminal convictions.
http://www.washingtonsblog.com/2014/03/30000-criminal-referrals-led-1000-felony-convictions-major-fraud-cases-sl-crisis-even-single-prosecution-today-even-though-2008-crisis-70-times-bigger.html
securitized mortgages had been used during the S&L crisis to obfuscate
fraudulent mortgages. In the late 90s, we were asked to look at
improving the integrity of supporting documents as a
countermeasure. however, the industry learned that they could pay the
rating agencies for triple-A ratings (when both the sellers and the
rating agencies knew they weren't worth triple-A; from the Oct2008
congressional hearing testimony). the triple-A ratings opens market to
those that are restricted to only dealing in "safe" investments (like
large retirement & pension funds) *and* triple-A rating trumps
documentation ... opening the way for no-down, no-documentation,
"liar" loans (w/o no documentation, there is no longer documentation
integrity issues). From the law of unintended consequences ... the
lack of documentation then leads to the "robo-signing" scandal where
too big to fail setup operations to fabricate the documents required
for foreclosures. Recent ref large pension funds took 30-40% hit from
the scam
http://rt.com/usa/204603-matt-taibbi-us-taxpayers/
In the wake of ENRON, congress passes Sarbanes-Oxley claiming that it would prevent future ENRONs and guarantee executives and auditors responsible for fraudulent public company financial filings would do jail time (maybe even board members on audit committee as in above ENRON reference) ... however the jokes at the time was SOX was just full employment for the audit industry ... because it required SEC to do something. Possibly because GAO didn't believe SEC was doing anything it started doing reports of public company fraudulent financial filings even showing increases in fraudulent filings after SOX passes. Trivia: SOX even called for SEC to do something about the rating agency industry
Pecora &/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
SOX posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
too big to fail posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
fraudulent financial filing posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Whole Earth Newsgroups: alt.folklore.computers Date: Fri, 14 Nov 2014 13:32:44 -0800Michael Black <et472@ncf.ca> writes:
originally i was the only IBMer ... and have managed to make most of them over the years ... although recently was the 30th which i missed, still in process of a x-country move.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Fri, 14 Nov 2014 13:55:17 -0800jgk@panix.com (Joe keane) writes:
originally
TARP
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
from above:
TARP allowed the United States Department of the Treasury to purchase or
insure up to $700 billion of "troubled assets," defined as "(A)
residential or commercial mortgages and any securities, obligations, or
other instruments that are based on or related to such mortgages, that
in each case was originated or issued on or before March 14, 2008 ..."
... snip ...
but as I've periodically commented that may have always been pure
fabrication since $700B was way too little to have dealt with that
problem ... over $27T having been done during the financial mess and
just the four largest too big to fail still carrying $5.2T "offbook"
at the end of 2008.
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
Timeline of changes:
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Timeline_of_changes_to_the_initial_program
Participants (GM twice, once for its auto, once for its financial)
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program#Participants
from 30Apr2014
U.S. Lost $11.2 Billion in GM Bailout, TARP Report Says
http://www.bloomberg.com/news/2014-04-30/u-s-lost-11-2-billion-on-gm-bailout-latest-tarp-report-says.html
this has profit on Citigroup and BofA TARP deal offsetting the losses. However, even this could be considered contrived since the too big to fail were getting ZIRP funds from Federal Reserve and using them to make money off US Treasuries which they used to show profit and pay huge bonuses. If Federal Reserve used the ZIRP funds instead to directly fund the federal debt, the too big to fail would have failed ... and the federal debt wouldn't be "costing" the country a dime.
Government Turns Bailout Profit Despite GM Loss
http://blogs.wsj.com/washwire/2013/11/21/government-turns-bailout-profit-despite-gm-loss/
other recent posts mentioning TARP
https://www.garlic.com/~lynn/2014.html#42 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#54 Pensions, was Re: Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#55 Pensions, was Re: Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#61 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#98 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#2 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#7 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#8 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#29 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014e.html#34 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#0 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#2 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#9 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#60 GAO and Wall Street Journal Whitewash Huge Criminal Bank Frauds
https://www.garlic.com/~lynn/2014g.html#21 Thomas Piketty Is Right About the Past and Wrong About the Future
https://www.garlic.com/~lynn/2014g.html#78 Did these tech and telecom companies assess the risk and return with respect to Anti-Money Laundering challenges?
https://www.garlic.com/~lynn/2014g.html#94 Why Financialization Has Run Amok
https://www.garlic.com/~lynn/2014h.html#37 Married Couples and the Financial Mess
https://www.garlic.com/~lynn/2014h.html#111 Maine Supreme Court Hands Major Defeat to MERS Mortgage Registry
https://www.garlic.com/~lynn/2014i.html#14 Instead of focusing on big fines, law enforcement should seek long prison terms for the responsible executives
https://www.garlic.com/~lynn/2014i.html#15 Instead of focusing on big fines, law enforcement should seek long prison terms for the responsible executives
https://www.garlic.com/~lynn/2014j.html#3 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014k.html#0 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014k.html#33 Power grid groans, blackouts roll through L.A. area as heat wave nears peak
https://www.garlic.com/~lynn/2014k.html#46 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014k.html#66 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014l.html#26 LA Times commentary: roll out "smart" credit cards to deter fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Fri, 14 Nov 2014 19:05:21 -0800Dan Espen <despen@verizon.net> writes:
they still weren't able to remake themselves with the c4 taskforce ...
even tho they could clearly articulate all the issues and the
steps needed
https://www.garlic.com/~lynn/submisc.html#auto.c4.taskforce
recent post detailing TARP lost on GM (auto and financial) bacilout
https://www.garlic.com/~lynn/2014m.html#23 weird apple trivia
misc. old news items ... including delphi (earlier spun off from gm) declared bankruptcy and dumped its retirees on PBGC.
for other topic drift, recent post mentioning ENRON and
#2 person on time's list of those responsible for the financial
mess
https://www.garlic.com/~lynn/2014m.html#21 Senate Democrats vs. the Middle Class; Senators elected in 2008 made Obama's agenda possible, and its results have harmed most Americans
other posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
2012 GM bankruptcy lawsuit
https://en.wikipedia.org/wiki/General_Motors#2012_lawsuit
from above:
In 2012, a trust representing unsecured creditors of "old" GM filed a
lawsuit against GM over payments made to hedge funds in 2009 in exchange
for waiving of claims against GM's Canadian subsidiary. The deal, of
which presiding judge Robert Gerber says he was unaware -- despite its
disclosure in an SEC filing on the day GM sought Chapter 11 protection
-- could prompt a reopening of the 2009 case.
... snip ...
a similar argument is now being made that the ignition liability wasn't
disclosed in the bankruptcy ... even tho it may have been known as far
back as 2002.
https://en.wikipedia.org/wiki/2014_General_Motors_recall
other misc. GM bailout items
Watchdog questions pension grants in GM bailout
http://money.cnn.com/2013/08/15/news/economy/gm-bailout-pension/
GM Unloads $26 Billion in White-Collar Pensions; Could Union Workers
Be Next?
http://www.forbes.com/sites/joannmuller/2012/06/01/gm-unloads-26-billion-in-white-collar-pensions-could-union-workers-be-next/
General Motors Chapter 11 reorganization - Wikipedia, the free
encyclopedia
https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization
Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing
Union Compensation
http://www.heritage.org/research/reports/2012/06/auto-bailout-or-uaw-bailout-taxpayer-losses-came-from-subsidizing-union-compensation
GM rightly favored Delphi UAW pensions over salaried, Rattner says
http://www.autonews.com/article/20130911/OEM02/130919963/gm-rightly-favored-delphi-uaw-pensions-over-salaried-rattner-says
The Administration's Auto Bailouts and the Delphi Pension Decisions:
Who Picked the Winners and Losers?
http://mercatus.org/publication/administrations-auto-bailouts-and-delphi-pension-decisions-who-picked-winners-and-losers
U.S. Urged Bailout Funds to Delphi Pensions: Watchdog
http://www.bloomberg.com/news/2013-08-15/treasury-urged-bailout-funds-to-delphi-pensions-watchdog-says.html
General Motors bailout details
http://blogs.suntimes.com/sweet/2009/06/general_motors_bailout_over_vi.html
past posts mentioning PGBC
https://www.garlic.com/~lynn/2006o.html#61 Health Care
https://www.garlic.com/~lynn/2007j.html#91 IBM Unionization
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2010b.html#24 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#46 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010i.html#77 Favourite computer history books?
https://www.garlic.com/~lynn/2012.html#94 Bankruptcy a reprieve for some companies
https://www.garlic.com/~lynn/2013k.html#4 copyright protection/Doug Englebart
https://www.garlic.com/~lynn/2014m.html#8 weird apple trivia
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 15 Nov 2014 Subject: Microsoft Open Sources .NET, Saying It Will Run on Linux and Mac Blog: Facebookre:
This has mention that major motivation for FS was countermeasure to
clone controllers (however because of few new 370 products during the
FS period, it allowed the rise of clone processors)
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
from above:
IBM tried to react by launching a major project called the 'Future
System' (FS) in the early 1970's. The idea was to get so far ahead
that the competition would never be able to keep up, and to have such
a high level of integration that it would be impossible for
competitors to follow a compatible niche strategy. However, the
project failed because the objectives were too ambitious for the
available technology. Many of the ideas that were developed were
nevertheless adapted for later generations. Once IBM had acknowledged
this failure, it launched its 'box strategy', which called for
competitiveness with all the different types of compatible
sub-systems. But this proved to be difficult because of IBM's cost
structure and its R&D spending, and the strategy only resulted in a
partial narrowing of the price gap between IBM and its rivals.
... snip ...
as an aside, as undergraduate in the 60s, I extended the cp67
2741/1052 terminal support to include ascii/tty ... but in doing so
tried to make the 2702 do something it couldn't quite do. Somewhat as
a result the univ started a clone controller project using
interdata/3, reverse engineering 360 channel interface and building
channel board for the interdate/3 programmed to emulate 2702 ... and
do the things that 2702 wouldn't do. This gets written up blaming four
of us for (some part of) the clone controller business. This later
morphs into a interdata/4 for the channel interface and clusters of
interdata/3s dedicated to line-scanner. Interdata markets the
implementation to customers. Later Perkin-Elmer acquires Interdata and
it is marketed under the Perkin-Elmer logo.
https://www.garlic.com/~lynn/submain.html#360pcm
Some claims that baroque VTAM/NCP SNA interface was inspired/motivated
by FS strategy.
https://www.garlic.com/~lynn/submain.html#futuresys
During early SNA period, my wife was co-author of AWP39, peer-to-peer networking architecture (they had to use "peer-to-peer" qualifier because SNA had co-opted "networking" to apply to their communication architecture).
late 80s, a senior disk engineer gets a talk scheduled at the internal,
world-wide, annual communication group conference, supposedly on 3174
performance ... however he opens the talk with the statement that the
communication group was going to be responsible for the demise of the
disk division. The issue was that the communication group had
stranglehold on datacenters with corporate strategic responsibility
for everything that crossed the datacenter walls ... and was fighting
off client/server and distributed computing trying to preserve its
dumb terminal (emulation) install base. The disk division was starting
to see data fleeing the datacenter to more distributed computing
friendly platforms with drop in disk sales. The disk division had come
up with a number of solutions to correct the problem, but they were
constantly being vetoed by the communication group.
https://www.garlic.com/~lynn/subnetwork.html#terminal
This is major factor in the corporation going into the red a few short years later (and on the brink of being broken up into the 13 "baby blues").
When FS imploded, there was mad rush to get products back into the 370 pipeline. Part of that head of POK managed to convince corporate to kill the VM370 product, shutdown the burlington mall development group and move all the people to POK (or otherwise MVS/XA wouldn't ship on time some 6-8yrs later). They weren't going to tell the group of the move until the very last minute to minimize the numbers that might escape ... however the information leaked and some number escaped to DEC (this was about the time VMS was starting and there is a joke that head of POK was one of the largest contributors to VAX/VMS). There was then witch hunt for the person that leaked the information ... fortunately nobody gave me up.
Endicott managed to save the vm370 product mission ... but had to
reconstitute a development group from scratch ... there are some
comments in the vmshare archives about code quality during this
period:
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
System/R had done enhancements to VM370 to make it run
better/faster. In the tech transfer to Endicott for SQL/DS it was
eventually decided to drop anything that required VM370 changes
because of dependency on the embryonic VM370 development group.
https://www.garlic.com/~lynn/submain.html#systemr
Part of killing off VM370 product and group move to POK was to do an
XA virtual machine for MVS/XA development that was never intended to
be released as product (VMTOOL). Later when customers were slow in
migrating from MVS to MVS/XA as migration aid *ONLY* (Its performance
and function was much worse than VM370 of the period). Then somebody
in Rochester datacenter did the modifications to VM370 to support full
370/XA, however by that time the VMTOOL group was working on funding
to try and bring VMTOOL at least part-way to the level for VM370 (as
replacement for VM370) and internal politics managed to eradicate all
references to the 370.XA upgrade to VM370. Old email references (along
with several others) in this archived a.f.c. post
https://www.garlic.com/~lynn/2011c.html#87 A History of VM Performance
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Whole Earth Newsgroups: alt.folklore.computers Date: Sat, 15 Nov 2014 14:52:56 -0800"Osmium" <r124c4u102@comcast.net> writes:
I had designed a security chip in the late 90s ... I made semi-facetious
statements in presentations about taking a $500 milspec part, making it
more secure and aggressively cost reducing by 2-3 orders of magnitude.
https://csrc.nist.gov/publications/detail/conference-paper/1998/10/08/proceedings-of-the-21st-nissc-1998
the top technical director in the information assurance directorate was
doing panel on assurance at IDF in the trusted computing track and asked
me to participate. I've mentioned before that the guy doing TPM was in
the front row and I needled him that it was nice to see the TPM starting
to look more & more like my chip ... he quipped back that I didn't have
a committee of 200 people helping me with chip design. ref. gone 404,
but lives on at the wayback machine.
https://web.archive.org/web/20011109072807/http://www.intel94.com/idf/spr2001/sessiondescription.asp?id=stp%2bs13
I then made the statement to the guy running the session that it was at least as secure as anything his agency was producing ... he quipped back possibly except for the issue of radiation hardening.
recent references
https://www.garlic.com/~lynn/2014g.html#41 Special characters for Passwords
https://www.garlic.com/~lynn/2014j.html#24 UEFI?
https://www.garlic.com/~lynn/2014k.html#42 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014l.html#55 LA Times commentary: roll out "smart" credit cards to deter fraud
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 09:12:22 -0800"Charles Richmond" <numerist@aquaporin4.com> writes:
recent study looking at congress legislative process ... correlations beteween probability of a bill passing based on how strongly special interests care about the bill and how strongly public cares about the bill (public opinion has almost no measurable effect on the legislative process).
posts referencing inequality
https://www.garlic.com/~lynn/submisc.html#inequality
posts reference press periodically referring to politics as "Kabuki
Theater" ... what goes on in public can be considered to have little to
do with what goes on behind the scenes ... even the apparent conflict
between the two parties can be considered obfuscation and misdirection
https://www.garlic.com/~lynn/submisc.html#kabuki.theater
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 09:21:58 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
oh and some of this played out in the latest Bill Moyers segment
The Bare Knuckle Fight Against Money in Politics
http://billmoyers.com/episode/bare-knuckle-fight-money-politics/
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 10:25:26 -0800"Osmium" <r124c4u102@comcast.net> writes:
$700B TARP was engineered by sec. of treasury in 2008 ... but possibly the justification was fabricated ... since it wasn't used for purchase of toxic assets. the largest amount of TARP went to AIG. The scenario at the time was that AIG was negotiating to pay off the CDS gambling debts at 50-60cents on the dollar. The sec. of treasury then steps in and says that is illegal, forces AIG to accept "TARP" funds so that CDS gambling debts can be paid off at 100cents on the dollar (the largest beneficiary had been formally headed by the sec. of treasury) and forced to sign a legal agreement not to sue any of the entities placing CDS gambling bets (still 2008 before any change in administration).
As it turns out, there were toxic CDOs being created to fail, rating
agencies paid to give them triple-A ratings, sold to unsuspecting
victims and then taking out CDS gambling bets that they would fail (when
the full extent of the scam came out it would have given AIG grounds for
not paying off on the CDS gambling bets and suing those placing the
bets).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The scenario is that sec. of treasury was pumping money into his former company in 3 ways: 1) direct TARP funds, 2) indirect TARP funds via AIG, 3) granting his former company a banking charter so that it can get ZIRP funds from Federal reserve.
then it gets a little more complex. not regulating CDS gambling bets
is supposedly traced back to being a favor for ENRON
https://www.garlic.com/~lynn/submisc.html#enron
by the person that is #2 on those responisble for the economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
including responsible for GLBA, which is now better known for repeal
of Glass-Steagall
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
enabling too big to fail, too big to prosecute, and too big to
jail:
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
however at the time the rhetoric on the floor of congress was that the primary purpose of GLBA was to block new banking charters as way of eliminating new competition in the banking industry ... which would have theoretically prevented giving a banking charter to sec. of treasury's former company (enabling its access to ZIRP funds). There was joke past couple decades about the dept. of treasury being that company's branch office in washington (regardless of administration) because it was so thuroughly permeated by former executives (and those closely aligned with the company).
recent discussions of the Enron favor (by #2 on times list along with
help from his wife):
https://www.garlic.com/~lynn/2014.html#98 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014h.html#37 Married Couples and the Financial Mess
https://www.garlic.com/~lynn/2014i.html#15 Instead of focusing on big fines, law enforcement should seek long prison terms for the responsible executives
https://www.garlic.com/~lynn/2014i.html#95 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014m.html#21 Senate Democrats vs. the Middle Class; Senators elected in 2008 made Obama's agenda possible, and its results have harmed most Americans
recent mention of ZIRP funds:
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#2 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#3 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#4 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#6 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#11 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#23 weird apple trivia
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Whole Earth Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 10:44:49 -0800"290jkl" <290jkl@nospam.com> writes:
two decades ago ... re-implemented the reservation flt lookup when run
on ten high-end rack mount rs/6000 would handle all transactions in the
world for all airlines in the world. more recent, a cellphone
processor has higher MIP rate than aggregate of those ten RS/6000
https://www.garlic.com/~lynn/2010b.html#79 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010e.html#53 z9 / z10 instruction speed(s)
https://www.garlic.com/~lynn/2010j.html#52 Article says mainframe most cost-efficient platform
https://www.garlic.com/~lynn/2010n.html#34 Access z/OS 3270 TSO from "smartphone"?
https://www.garlic.com/~lynn/2011d.html#43 Sabre; The First Online Reservation System
https://www.garlic.com/~lynn/2012.html#56 IBM researchers make 12-atom magnetic memory bit
https://www.garlic.com/~lynn/2012.html#59 IBM's z196 Article at RWT
https://www.garlic.com/~lynn/2012b.html#57 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012n.html#59 history of Programming language and CPU in relation to each
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 11:24:11 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
last decade, wallstreet develops enormous appetite for no-documentation, liar loans to populate the toxic CDOs designed to fail ... which then they use for the (fixed) CDS gambling bets.
too big to fail, too big to prosecute, and too big to jail:
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 15:07:25 -0800"Osmium" <r124c4u102@comcast.net> writes:
$700B TARP dwarfed by over $27T in CDOs done during
the bubble (nearly 40times)
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
and becomes insignificant compared to the $1.2-$1.5 quadrillion (million
billion) CDS transactions (20 times the size of world economy, and
around 2000 times the TARP funds).
http://moneymorning.com/2013/09/18/heres-what-1-2-quadrillion-looks-like/
http://business.time.com/2013/03/27/why-derivatives-may-be-the-biggest-risk-for-the-global-economy/
http://beforeitsnews.com/banksters/2013/07/1-5-quadrllion-dollar-storm-eu-accuses-13-banks-of-derivatives-collusioncitigoldman-sachsbarclayshsbcjp-morgan-rbsall-of-them-2433218.html
misc. recent posts referring to CDS being quadrillion
https://www.garlic.com/~lynn/2013d.html#73 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013l.html#14 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2014e.html#80 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014i.html#95 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014j.html#3 How Comp-Sci went from passing fad to must have major
there have been various claims that (unregulated) CDS are a form of
insurance ... but because it is possible to "buy" CDS for anything in
the world, it is possible to stack the deck on something and then make a
CDS bet (been compared to taking out fire insurance on your neighbor's
house and then burning it down; or designing toxic CDOs to fail, selling
them to your clients/victims, and then taking out CDS gambling bets that
they would fail).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 16 Nov 2014 15:25:22 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
... and from recent AIG trial ... concerning what sec. of treasury told congress:
AIG Bailout Trial Bombshell III: Paulson Lied to Congress About TARP
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-iii-paulson-lied-to-congress-about-tarp.html
more on the AIG bailout trial
AIG trial puts Geithner, Bernanke and Paulson on hot seat
http://money.cnn.com/2014/10/06/news/companies/aig-geithner-bernanke-paulson/
AIG Bailout Trial Bombshells: The Repellent Hank Greenberg May Have a
Case
http://www.truth-out.org/news/item/26795-aig-bailout-trial-bombshell-paulson-rejected-chinese-offer-to-invest-more-than-the-total-amount-of-money-required
The government overstepped its authority with AIG bailout
http://www.washingtonpost.com/opinions/the-government-overstepped-its-authority-with-aig-bailout/2014/10/22/a5ba93fa-5959-11e4-9d6c-756a229d8b18_story.html
AIG Bailout Trial Bombshell II: Fed and Treasury Cornered AIG's Board
into Taking a Legally-Dubious Bailout
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-ii-fed-treasury-cornered-board-taking-legally-dubious-bailout.html
AIG Bailout Trial Bombshell I: Paulson Rejected Chinese Offer to
Invest "More Than the Total Amount of Money Required"
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-paulson-rejected-chinese-offer.html
AIG Bailout Trial and the Deadbeat Borrower Defense
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-deadbeat-borrower-defense.html
Richard Alford: AIG Redux - How the Fed Usurped Congress
http://www.nakedcapitalism.com/2014/10/richard-alford-aig-redux-fed-usurped-congress.html
Why Is Alan Greenspan's Lawyer, Scott Alvarez, Still Controlling the
Federal Reserve? (AIG Bailout Trial)
http://www.nakedcapitalism.com/2014/10/matt-stoller-why-is-alan-greenspans-lawyer-scott-alvarez-still-controlling-the-federal-reserve-aig-bailout-trial.html
Why Greenberg May Win the AIG Bailout Trial
http://www.nakedcapitalism.com/2014/11/greenberg-may-win-aig-bailout-trial.html
AIG Bailout Trial Revelation: Morgan Stanley Told Geithner it Would
File for Bankruptcy the Weekend it Became a Bank
http://www.nakedcapitalism.com/2014/11/aig-bailout-trial-revelation-morgan-stanley-told-geithner-file-bankruptcy-weekend-became-bank.html
too big to fail, too big to prosecute, too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 16 Nov 2014 Subject: Forget the 1% Blog: FacebookForget the 1%; It is the 0.01% who are really getting ahead in America
and
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
from this article
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html
posts mentioning inequality
https://www.garlic.com/~lynn/submisc.html#inequality
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: BBC News - Microsoft fixes '19-year-old' bug with emergency patch Newsgroups: bit.listserv.ibm-main Date: 17 Nov 2014 09:58:55 -0800ibm-main@TPG.COM.AU (Shane Ginnane) writes:
cp67 versions and maintenance shipped in both binary and source form and lots of installations would (re-)build production system from source. This tradition carried forward in transition from cp67 to vm370.
it was quite a culture shock the transition to OCO in the 80s ... as can
be seen in some of the OCO-war comments in the VMSHARE archives (online
computer conferencing that TYMSHARE provided to SHARE starting in
Aug1976 ... coming up on 40yrs)
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
folklore from this period was certain gov. agencies requested all the "exact source" that corresponded for a full production running system (for the POK favorite son operating system). After spending $5M investigating the issue, the response was it wouldn't be practical.
The transition somewhat started with the 23Jun1969 unbundling
announcement that started to separately charge for software, maint.,
etc ... motivating by various legal actions ... some past posts
https://www.garlic.com/~lynn/submain.html#unbundling
however, they were able to make the case that operating system software
should still be free. however during the future system period in the
first half of the 70s, internal politics was killing off 370 product
efforts (and the lack of 370 offerings during this period is credited
with giving clone processors a market foothold) ... some past posts
https://www.garlic.com/~lynn/submain.html#futuresys
with the demise of FS there was mad rush to get stuff back into the 370 product pipelines. I had continued to do 360/370 stuff all during the FS period (including periodically ridiculing FS efforts which wasn't exactly a career enhancing activity). However the mad rush to get stuff in 370 product pipelines contributed to decision to release a lot of software stuff I had been doing. Some of it was merged into standard releases ... but it was decided to package up some of the other stuff and offer it as separate, priced operating system add-on. This got to be the guinea pig for the change in decision to start charging for operating system software (presumably motivated by the rise of the clone processors), and I got to spend a lot of time with lawyers and business people regarding operating system software charging. Eventually the transition completed and all operating system software was being charged for (the 370 emulators now include packages of last freely available operating system software).
Then the referenced OCO-wars begin after the transition was complete.
other trivia: i was blamed for online computer conferencing on the
internal network in the late 70s & early 80s ... some past posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
folklore is that when executive committee was told about online computer conferencing (and the internal network), 5of6 wanted to fire me. There was then some corporate studies of the issue and development of tools to automate many of the things I had been doing (and given official sanctions). The internal tools could be configured similar to the later "listserv" mailing list mode ... or more like usenet server mode (with servers exchanging and distributing items).
some past posts mentioning internal network (larger than
arpanet/internet from just about the beginning until sometime late '85
or early '86)
https://www.garlic.com/~lynn/subnetwork.html#internalnet
the corporation also sponsored the univ. "bitnet" (in the us) ...
(using technology similar to that used for the internal network) some
past posts
https://www.garlic.com/~lynn/subnetwork.html#bitnet
and "EARN" in europe ... old email for person responsible for getting
EARN started.
https://www.garlic.com/~lynn/2001h.html#email840320
computer conferencing software similar to the internal tools were
developed for bitnet/earn ... used for original ibm-main
https://en.wikipedia.org/wiki/LISTSERV
and
http://www.lsoft.com/products/listserv-history.asp
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Whole Earth Newsgroups: alt.folklore.computers Date: Mon, 17 Nov 2014 12:02:10 -0800Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
old picture has shelf with printer, color & b&w displays and ibm tieline
phone. the shelf support is to the left of the PC (the wood insert over
the disk drive openings is backed with foam for noise suppression).
Next to the shelf support are two external teac 80-track (normal
density) drives.
https://www.garlic.com/~lynn/homepc.jpg
some past posts
https://www.garlic.com/~lynn/2008m.html#38 Baudot code direct to computers?
https://www.garlic.com/~lynn/2008m.html#51 Baudot code direct to computers?
https://www.garlic.com/~lynn/2008n.html#51 Baudot code direct to computers?
https://www.garlic.com/~lynn/2009g.html#45 Netbooks: A terminal by any other name
https://www.garlic.com/~lynn/2013l.html#21 Teletypewriter Model 33
other old pictures
https://www.garlic.com/~lynn/lhwemail.html#oldpicts
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 18 Nov 2014 Subject: Income Inequality Blog: FacebookThe claim is that the original purpose of the patents were to protect individual investors from established operations that were trying to preserve the status quo ... but has been perverted to do exactly the opposite of what it was originally intended. This goes along with descriptions of business school programs teaching how to protect status quo (and not teaching how to innovate and expand the economy). Articles started appearing in the early 80s about how MBAs were destroying US corporations and economy ... which goes along with this
The NYT article shows the shift starting late 70s/early 80s ... well before the collapse of the Soviet Bloc ... also if it was global competition ... wouldn't it have affected both corporate profitability as well as worker standard of living (the graphs showing flatlining worker wages instead going to executive compensation and corporate profit)
Americans Still Have NO CLUE About How Much Inequality We Have
http://www.zerohedge.com/news/2014-11-17/americans-still-have-no-clue-about-how-much-inequality-we-have
Testing Theories of American Politics: Elites, Interest Groups, and
Average Citizen
http://journals.cambridge.org/download.php?file=%2FPPS%2FPPS12_03%2FS1537592714001595a.pdf
Stockman And Stiglitz On Crony Capitalism: Agreements And
Disagreements.
http://davidstockmanscontracorner.com/stockman-and-stiglitz-on-crony-capitalism-agreements-and-disagreements/
http://phys.org/news/2012-01-railroad-hyperbole-echoes-dot-com-frenzy.html
https://www.amazon.com/Railroaded-Transcontinentals-Making-America-ebook/dp/B0051GST1U
people get rich even if the company doesn't make money and/or goes
bankrupt, part of the railroad secret was to get as much money out of
gov as possible. Some scenarios were get gov. to issue bonds for the
construction, transfer the value out of the corporate entity and then
declare bankruptcy.
we had been criticizing some internet technology ... and were at a financial standards meeting in DC (hosted by prominent lobbying organization) when we got asked to step out there was somebody to see us. We were taken to a room and introduced to somebody that said he was from a ethnic family organization in NJ and some investment bankers had asked him to see us. It was nothing personal just business (investment bankers are amoral/sociopaths), these investment bankers were expecting to clear a couple billion from upcoming IPO and our comments were predicted to have a 10-20% downside ... it would be in our interests to stop talking. We went to FBI ... they said investment bankers are like that, many had been in S&L mess and walked away clean, were now doing internet IPO mills (small investment, big hype, couple billion IPO, companies then fail leaving the field open for the next round), and were predicted next to get into mortgages.
Lobbying Used to Be a Crime: A Review of Zephyr Teachout's New Book
http://www.nakedcapitalism.com/2014/11/matt-stoller-lobbying-used-crime-review-zephyr-teachouts-new-book-secret-history-corruption-america.html
posts mentioning inequality
https://www.garlic.com/~lynn/submisc.html#inequality
Note Private Equity has been driving a similar scam. The industry had gotten such a bad reputation during the S&L mess that in the early 90s, they changed their name to private equity and "junk bonds" became "high-yield bonds". There has been analogy to "house flipping" ... they borrow the money to buy a company (LBO, reverse-IPO), skim as much as possible and turn around and resell it (IPO). The difference is the original loan stays on the (sold) company's books ... they can even sell a company for less than they paid and walk away with boat loads of money. Over half the corporate defaults are companies that have been (or now) in the private equity mill (a company can enter the mill with a billion or two in debt, and come out the other end with 30billion dollar debt).
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 10:01:59 -0800Dan Espen <despen@verizon.net> writes:
Booming Oil Fields May Be Giving Sex Trafficking A Boost
http://www.npr.org/2014/02/01/265698046/booming-oil-fields-may-be-giving-sex-trafficking-a-boost
North Dakota Asks Nation For Help In Human Trafficking Epidemic
http://www.mintpressnews.com/north-dakota-asks-nation-for-help-in-human-trafficking-epidemic-2/190269/
one of the scenarios of the economic mess was that wallstreet
enormously inflated the real estate bubble with over $27T
in transactions and the enormous demand for no-documentation
liar loans
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
the resulting bubble collapse resulted in many families being underwater with their homes. supposedly in the past, the ease of selling a house made it easier for people to pickup and move to where the job demands were ... the mobility helping keep the unemployment rate low. ease of migration is now much more limited to people with little or no ties.
there are similar accounts of the 30s and the depression.
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 10:15:42 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
some x-over from this facebook inequality discussion (original strayed
some over into the comparisons with robber barons from 100 years ago)
https://www.garlic.com/~lynn/2014m.html#37 Income Inequality
Americans Still Have NO CLUE About How Much Inequality We Have
http://www.zerohedge.com/news/2014-11-17/americans-still-have-no-clue-about-how-much-inequality-we-have
Stockman And Stiglitz On Crony Capitalism: Agreements And
Disagreements.
http://davidstockmanscontracorner.com/stockman-and-stiglitz-on-crony-capitalism-agreements-and-disagreements/
Railroad hyperbole echoes all the way down to the dot-com frenzy
http://phys.org/news/2012-01-railroad-hyperbole-echoes-dot-com-frenzy.html
Railroaded: The Transcontinentals and the Making of Modern America
https://www.amazon.com/Railroaded-Transcontinentals-Making-America-ebook/dp/B0051GST1U
Lobbying Used to Be a Crime: A Review of Zephyr Teachout's New Book
http://www.nakedcapitalism.com/2014/11/matt-stoller-lobbying-used-crime-review-zephyr-teachouts-new-book-secret-history-corruption-america.html
Corruption in America: From Benjamin Franklin's Snuff Box to Citizens
United
https://www.amazon.com/Corruption-America-Benjamin-Franklins-Citizens-ebook/dp/B00N79RDQU/
posts mentioning inequality
https://www.garlic.com/~lynn/submisc.html#inequality
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 10:42:11 -0800Peter Flass <peter_flass@yahoo.com> writes:
one issue is that they already have more abrams in storage than they
could ever use ... and with budget constraints the money could be spend
much better. all along there have been enormous abrams issues ... some
recent posts
https://www.garlic.com/~lynn/2014.html#61 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#64 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014l.html#62 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014l.html#74 How Comp-Sci went from passing fad to must have major
smart bombs/shells are becoming increasing important ... along with the
related electronics. recent demos of howlitzers/mortars with "smart"
shells that greatly increase the accuracy.
https://en.wikipedia.org/wiki/Precision-guided_munition
http://gizmodo.com/5929158/the-armys-smart-new-mortars-could-actually-hit-a-target
ww2 strategic heavy bombing took 1/3rd of ww2 budget and reviews showed
that 8 of 9 campaigns were failures, contributed little to winning the
war.
https://en.wikipedia.org/wiki/Strategic_bombing_survey
then there were claims that in desert storm, smart bombs/missiles was able to obtain equivalent level of effectiveness with 1/10th the explosives. claims that further increase in smart accuracy resulted in another 1/10th reduction between desert storm and the last decade.
the bunker busters might be considered variation on trend to more
effective smaller explosives ... they still require high precision but
also large explosives in very specific order (not just massive big
explosion).
https://en.wikipedia.org/wiki/GBU-28
from above:
The initial batch of GBU-28s was built from modified 8 inch/203 mm
artillery barrels (principally from deactivated M110 howitzers),
... snip ...
http://science.howstuffworks.com/bunker-buster.htm
from above:
Its casing consists of an approximately 16-foot (5-meter) section of
artillery barrel that is 14.5 inches (37 cm) in diameter. Artillery
barrels are made of extremely strong hardened steel so that they can
withstand the repeated blasts of artillery shells when they are fired.
... snip ...
past references to ww2 strategic bombing study
https://www.garlic.com/~lynn/2011g.html#10 America's Defense Meltdown
https://www.garlic.com/~lynn/2012i.html#62 Early use of the word "computer"
https://www.garlic.com/~lynn/2013f.html#18 Air Superiority: Advantage over enemy skies for 60 years
https://www.garlic.com/~lynn/2014.html#67 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#54 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014f.html#73 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#90 Friden Flexowriter equipment series
https://www.garlic.com/~lynn/2014h.html#91 Friden Flexowriter equipment series
https://www.garlic.com/~lynn/2014h.html#92 Off topic screeds (was Re: Friden Flexowriter equipment series)
https://www.garlic.com/~lynn/2014k.html#12 1950: Northrop's Digital Differential Analyzer
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Whole Earth Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 12:04:23 -0800Michael Black <et472@ncf.ca> writes:
from above:
Almost any finely-divided organic substance becomes an explosive
material when dispersed as an air suspension; hence, a very fine flour
is dangerously explosive in air suspension. This poses a significant
risk when milling grain to produce flour, so mills go to great lengths
to remove sources of sparks. These measures include carefully sifting
the grain before it is milled or ground to remove stones which could
strike sparks from the millstones, and the use of magnets to remove
metallic debris able to strike sparks.
The earliest recorded flour explosion took place in an Italian mill in
1785, but there have been many since. The following two references give
numbers of recorded flour and dust explosions in the USA in 1994[31] and
1997.[32] In the ten-year period up to and including 1997, there were
129 explosions.
... snip ...
there tend to be lots of provisions to counter static electricity and sparks
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 15:04:11 -0800Peter Flass <peter_flass@yahoo.com> writes:
API Spent $22 Million Lobbying for Keystone XL; State Dept Contractor
ERM an API Member
http://www.desmogblog.com/2013/06/27/api-22-million-keystone-xl-lobbying-erm
Top Oil Industry Lobbyist: State Department Will Issue Keystone XL
Environmental Approval This Week
http://www.hillheat.com/articles/2014/01/28/top-oil-industry-lobbyist-state-department-will-issue-keystone-xl-environmental-approval-this-week
and
Where Keystone's oil will go
http://money.cnn.com/2013/09/16/news/economy/keystone-oil/
disclaimer: if built, it will go through corner of the family farm ... for which one of the family members will get paid.
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 15:50:34 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
Deformations On The Dealer Lots: How The Fed's ZIRP Is Fueling The Next
Subprime Bust
http://davidstockmanscontracorner.com/deformations-on-the-auto-dealer-lots-how-the-feds-zirp-is-fueling-the-next-subprime-bust/
from above:
This $120 billion subprime auto paper machine is now driving millions of
transactions which are recorded as auto "sales", but, in fact, are more
in the nature of short-term "loaners" destined for the repo man. So
here's the thing: In an honest free market none of these born again
pawnshops would even exist; nor would there be a market for
out-of-this-world junk paper backed by 115% LTV/75-month/20% rate loans
to consumers who cannot afford them.
... snip ...
liar loans and liar mortgages, toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
other recent posts mentioning ZIRP
https://www.garlic.com/~lynn/2013j.html#4 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#10 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#37 8080 BASIC
https://www.garlic.com/~lynn/2013j.html#43 8080 BASIC
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#2 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#3 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#4 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#6 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#11 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#23 weird apple trivia
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 19 Nov 2014 Subject: Business culture in banking industry favors dishonest behavior Blog: Financial Crime Risk, Fraud and Securityalso Google+
Business culture in banking industry favors dishonest behavior
http://www.sciencedaily.com/releases/2014/11/141119132524.htm
Study Suggests Banking Industry Breeds Dishonesty; Bank industry
culture "seems to make [employees] more dishonest," a study author
says
http://time.com/3595882/bank-industry-dishonesty-study/
older references:
'The most dishonest bankers walk away with the most money'
http://www.theguardian.com/commentisfree/2013/aug/01/most-dishonest-bankers-most-money-banking-blog
Trader Describes How Dishonesty Pays in Finance, Big Time
http://www.nakedcapitalism.com/2013/08/trader-describes-how-dishonesty-pays-in-finance-big-time.html
Corporate Fraud and Misconduct Risks Driven by Pressure to do
'Whatever It Takes'; Fewer episodes reported by companies with ethics
and compliance programs
http://www.informationweek.com/financialservices/news/showArticle.jhtml?articleID=215801487
from above:
Of more than 5,000 U.S. workers polled this summer, 74 percent said
they had personally observed misconduct within their organizations
during the prior 12 months, unchanged from the level reported by KPMG
survey respondents in 2005. Roughly half (46 percent) of respondents
reported that what they observed "could cause a significant loss of
public trust if discovered," a figure that rises to 60 percent among
employees working in the banking and finance industry.
... snip ...
If the overall avg. is 46percent and the financial industry is 60 percent, then the non-financial avg may be as low as 30percent ... making the financial industry twice as bad as other industries
past refs:
https://www.garlic.com/~lynn/2008s.html#27 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#29 Let IT run the company!
https://www.garlic.com/~lynn/2008s.html#30 How reliable are the credit rating companies? Who is over seeing them?
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#36 What is the top security threat prediction of 2009?
https://www.garlic.com/~lynn/2008s.html#47 Executive pay: time for a trim?
https://www.garlic.com/~lynn/2009b.html#11 Amid Economic Turbulence, Mainframes Counter IT Cost-Cutting Trend
https://www.garlic.com/~lynn/2009b.html#17 Fraud -- how can you stay one step ahead?
https://www.garlic.com/~lynn/2009b.html#25 The recently revealed excesses of John Thain, the former CEO of Merrill Lynch, while the firm was receiving $25 Billion in TARP funds makes me sick
https://www.garlic.com/~lynn/2009b.html#36 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009d.html#75 Whistleblowing and reporting fraud
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#37 How do you see ethics playing a role in your organizations current or past?
https://www.garlic.com/~lynn/2010h.html#41 Profiling of fraudsters
https://www.garlic.com/~lynn/2010q.html#24 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2013j.html#20 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#73 Why DOJ Deemed Bank Execs Too Big To Jail
https://www.garlic.com/~lynn/2013j.html#75 The Most dishonest bankers walk away with the most monety
https://www.garlic.com/~lynn/2013k.html#9 Why DOJ Deemed Bank Execs Too Big To Jail
https://www.garlic.com/~lynn/2013k.html#10 What Makes Infrastructure investment not bizarre
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 19 Nov 2014 16:34:42 -0800re:
Follow the Oiltanking Trail; Gulf-Bound Tar Sands for Export?
http://www.counterpunch.org/2014/11/19/gulf-bound-tar-sands-for-export/
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 19 Nov 2014 Subject: Business culture in banking industry favors dishonest behavior Blog: Financial Crime Risk, Fraud and Securityre:
Deception counts
http://www.atimes.com/atimes/Global_Economy/GECON-01-191114.html
The Bear's Lair: Modern accounts are instruments of deception
http://www.prudentbear.com/2014/11/the-bears-lair-modern-accounts-are.html
In the wake of ENRON, congress passed Sarbanes-Oxley claiming that it would prevent future ENRONs and guarantee that executives & auditors associated with public company fraudulent financial filings would do jail time ... however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, it started doing reports of public company fraudulent financial filings ... even showing uptic/increase after SOX (and nobody doing jail time).
posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
posts mentioning sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
posts mentioning fraudulent financial filings
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 09:01:24 -0800Stan Barr <plan.b@bluesomatic.org> writes:
U.S. Navy deploys its first laser cannon -- capable of setting drones on
fire in the sky
http://news.nationalpost.com/2014/11/17/u-s-navy-deploys-its-first-laser-cannon-capable-of-setting-drones-on-fire-in-the-sky/
big battleships are mothballed &/or retired
leaves the big flat-tops ... major force is the carrier battle group
https://en.wikipedia.org/wiki/Carrier_battle_group
and submarines.
mentioned before that anti-submarine warfare has been neglected
... several large scale war games with non-nuclear submarine
borrowed from friendly nations for the redteam, managed to take
out the carrier ... recent refs:
https://www.garlic.com/~lynn/2014.html#66 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014h.html#1 Lessons Not Learned: The U.S. Navy's Status Quo Culture
https://www.garlic.com/~lynn/2014h.html#18 After the Sun (Microsystems) Sets, the Real Stories Come Out
https://www.garlic.com/~lynn/2014i.html#43 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014i.html#46 How Comp-Sci went from passing fad to must have major
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 09:27:13 -0800Stan Barr <plan.b@bluesomatic.org> writes:
problem is that it is unsuited for most else ... it is too heavy for load limits in most parts of the world where the "small wars" are happening, it is unsuited for much of urban warfare, it wasn't designed to handle IEDs, and also too heavy for rapid deployment.
I've mentioned before son-in-law did two tours in Iraq, 2004-2005 in fallujah during the worst of the conflict and 2007-2008 in Baqubah ... described as worse than Fallujah ... although didn't see that in the US press, since the administration claims was that the surge was succeeding.
History's Judgment: The Iraq Surge Failed; Iraq's unraveling confirms
that, based on its own definition of success, the 2007 surge failed.
http://thediplomat.com/2014/06/historys-judgment-the-iraq-surge-failed/
Why the 2007 surge in Iraq actually failed, and what it means today
https://www.bostonglobe.com/opinion/2014/11/17/why-surge-iraq-actually-failed-and-what-that-means-today/0NaI9JrbtSs1pAZvgzGtaL/story.html
Part of it was that initial invasion was told to bypass ammo dumps and look for (fabricated) WMDs ... when they got around to going back to the ammo dumps, a million metric tons had disappeared. Baqubah had IEDs with large artillery shells taking out Abrams from below, its weakest point (never having been designed to handle IEDs).
Recently suppressed information leaked that they had actually found
decommissioned WMDs from the 80s,
https://en.wikipedia.org/wiki/Iran-Iraq_War
much of it provided with help from the US
https://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
lot of it involves "team b" ... who are still around last
decade and instrumental in the two wars
https://www.garlic.com/~lynn/submisc.html#team.b
MICC
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
posts mentioning Baqubah
https://www.garlic.com/~lynn/2012h.html#21 The Age of Unsatisfying Wars
https://www.garlic.com/~lynn/2012i.html#2 Interesting News Article
https://www.garlic.com/~lynn/2012i.html#8 Interesting News Article
https://www.garlic.com/~lynn/2012i.html#64 Early use of the word "computer"
https://www.garlic.com/~lynn/2012l.html#54 Singer Cartons of Punch Cards
https://www.garlic.com/~lynn/2012m.html#49 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2013c.html#86 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013d.html#30 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013d.html#38 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#5 Lessons Learned from the Iraq War
https://www.garlic.com/~lynn/2013e.html#79 As an IBM'er just like the Marines only a few good men and women make the cut,
https://www.garlic.com/~lynn/2013g.html#52 What Makes collecting sales taxes Bizarre?
https://www.garlic.com/~lynn/2013g.html#60 What Makes collecting sales taxes Bizarre?
https://www.garlic.com/~lynn/2013h.html#10 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013k.html#48 John Boyd's Art of War
https://www.garlic.com/~lynn/2013n.html#10 Why the Death of the Tank Is Greatly Exaggerated
https://www.garlic.com/~lynn/2014.html#13 Al-Qaeda-linked force captures Fallujah amid rise in violence in Iraq
https://www.garlic.com/~lynn/2014.html#42 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#47 McCain: Send Petraeus back to Iraq
https://www.garlic.com/~lynn/2014.html#61 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#79 Army Modernization Is Melting Down
https://www.garlic.com/~lynn/2014b.html#38 Can America Win Wars
https://www.garlic.com/~lynn/2014c.html#36 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014g.html#68 Revamped PDP-11 in Brooklyn
https://www.garlic.com/~lynn/2014g.html#69 Revamped PDP-11 in Brooklyn
https://www.garlic.com/~lynn/2014h.html#36 The Designer Of The F-15 Explains Just How Stupid The F-35 Is
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 09:49:48 -0800"290jkl" <290jkl@nospam.com> writes:
this has sparked off recent discussion on facebook
A Crisis in Command and the Roots of the Problem
https://medium.com/the-bridge/a-crisis-in-command-and-the-roots-of-the-problem-80dfcfd7fd49
from above:
This post was generously provided by Jörg Muth, PhD, the author of
Command Culture: Officer Education in the U.S. Army and the German Armed
Forces, 1901-1940, and the Consequences for World War II. Command
Culture is on the professional reading lists of the US Army Chief of
Staff and of the US Army Maneuver Center of Excellence. The Commandant
of the Marine Corps made it required reading for all intermediate
officers and all senior enlisted marines.
... snip ...
recent posts mentioning Muth:
https://www.garlic.com/~lynn/2014.html#38 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#55 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#66 Salesmen--IBM and Coca Cola
https://www.garlic.com/~lynn/2014b.html#76 In the palm of your hand?
https://www.garlic.com/~lynn/2014b.html#86 Can America Win Wars?
https://www.garlic.com/~lynn/2014b.html#98 How to groom a leader?
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014f.html#34 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014h.html#52 EBFAS
https://www.garlic.com/~lynn/2014h.html#61 Are you tired of the negative comments about IBM in this community?
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 10:02:25 -0800"290jkl" <290jkl@nospam.com> writes:
it greatly expands the number of potential adversaries (w/o nukes) that can still do it.
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 10:31:27 -0800"290jkl" <290jkl@nospam.com> writes:
"The Wars for Asia, 1911-1949" highlights that in WW2, Japan had over 2/3rds of its resources deployed on mainland China (not against the US; and also that Germany had 3/4ths of its resources deployed against the Soviets) ... which would have made it easier for the US to deploy overwhelming resources against the enemy.
This talks about the Japan/US comparison primarily with respect to navy
http://www.combinedfleet.com/economic.htm
military industrial (congressional) complex:
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
previous posts mentioning "The Wars for Asia"
https://www.garlic.com/~lynn/2013e.html#10 The Knowledge Economy Two Classes of Workers
https://www.garlic.com/~lynn/2013e.html#60 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#69 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013g.html#77 What Makes collecting sales taxes Bizarre?
https://www.garlic.com/~lynn/2013h.html#70 OT: "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2014.html#93 Royal Pardon For Turing
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 20 Nov 2014 11:34:01 -0800hancock4 writes:
Wall Street is Taking Over America's Pension Plans
https://firstlook.org/theintercept/2014/11/20/huge-wall-street-story-one-talking/
recent related:
Illinois Pension Debt Soars To $111 Billion
http://www.zerohedge.com/news/2014-11-17/illinois-pension-debt-soars-111-billion
Private Equity Now Looking to Even Bigger Chumps, Namely 401 (k)s and
Retail
http://www.nakedcapitalism.com/2014/11/private-equity-now-looking-even-bigger-chumps-namely-401-ks-retail.html
Exposing More Super Secret Private Equity Limited Partnership
Agreements
http://www.nakedcapitalism.com/2014/11/launching-super-secret-private-equity-limited-partnership-agreements.htm
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
big target/victim of the triple-A rated toxic CDOs were the large
pension funds (restricted to only dealing in "safe" investments)
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
--
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Banking - licensed to cheat! And whether you'll get away with it. Date: 20 Nov 2014 Blog: Financial CryptographyBanking - licensed to cheat! And whether you'll get away with it.
Research: Bankers and the Religious Will Lie for Money
http://econintersect.com/b2evolution/blog1.php/2014/11/20/research-bankers-and-the-religious-will-lie-for-money
Study: Religious more likely to lie for financial gain
http://www.salon.com/2013/10/22/study_religious_more_likely_to_lie_for_financial_gain_partner/
Business culture in banking industry favors dishonest behavior
http://www.sciencedaily.com/releases/2014/11/141119132524.htm
Study Finds Banking Industry May Spark Dishonest Behavior
http://time.com/3595882/bank-industry-dishonesty-study/
Deception counts
http://www.atimes.com/atimes/Global_Economy/GECON-01-191114.html
Modern accounts are instruments of deception
http://www.prudentbear.com/2014/11/the-bears-lair-modern-accounts-are.html#more
Cochrane Demands that the Public Unilaterally Disarm while the
Banksters Loot
http://neweconomicperspectives.org/2014/11/cochrane-demands-public-unilaterally-disarm-banksters-loot.html
The NY Fed's Attempt To Explain That It Is Not A Subsidiary Of Goldman
Sachs
http://www.zerohedge.com/news/2014-11-20/ny-feds-attempt-explain-it-not-subsidiary-goldman-sachs
A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed
Edition
http://www.zerohedge.com/news/2014-11-20/while-ny-fed-just-admitted-whistleblower-segarra-was-right-conflicted-judge-threw-ou
Abdication of Regulatory Oversight of Large Banks
https://www.linkedin.com/pulse/article/20141120034037-20494629-abdication-of-regulatory-oversight-of-large-banks
'The most dishonest bankers walk away with the most money'
http://www.theguardian.com/commentisfree/2013/aug/01/most-dishonest-bankers-most-money-banking-blog
Trader Describes How Dishonesty Pays in Finance, Big Time
http://www.nakedcapitalism.com/2013/08/trader-describes-how-dishonesty-pays-in-finance-big-time.html
Corporate Fraud and Misconduct Risks Driven by Pressure to do
'Whatever It Takes'; Fewer episodes reported by companies with ethics
and compliance programs
http://www.informationweek.com/financialservices/news/showArticle.jhtml?articleID=215801487
from above:
Of more than 5,000 U.S. workers polled this summer, 74 percent said
they had personally observed misconduct within their organizations
during the prior 12 months, unchanged from the level reported by KPMG
survey respondents in 2005. Roughly half (46 percent) of respondents
reported that what they observed "could cause a significant loss of
public trust if discovered," a figure that rises to 60 percent among
employees working in the banking and finance industry.
... snip ...
If the overall avg. is 46percent and the financial industry is 60 percent, then the non-financial avg may be as low as 30percent ... making the financial industry twice as bad as other industries
posts mentioning too big to fail, too big to prosecute, too big
to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
posts mentioning financial industry dishonesty
https://www.garlic.com/~lynn/2008s.html#27 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2008s.html#29 Let IT run the company!
https://www.garlic.com/~lynn/2008s.html#30 How reliable are the credit rating companies? Who is over seeing them?
https://www.garlic.com/~lynn/2008s.html#35 Is American capitalism and greed to blame for our financial troubles in the US?
https://www.garlic.com/~lynn/2008s.html#36 What is the top security threat prediction of 2009?
https://www.garlic.com/~lynn/2008s.html#47 Executive pay: time for a trim?
https://www.garlic.com/~lynn/2009b.html#11 Amid Economic Turbulence, Mainframes Counter IT Cost-Cutting Trend
https://www.garlic.com/~lynn/2009b.html#17 Fraud -- how can you stay one step ahead?
https://www.garlic.com/~lynn/2009b.html#25 The recently revealed excesses of John Thain, the former CEO of Merrill Lynch, while the firm was receiving $25 Billion in TARP funds makes me sick
https://www.garlic.com/~lynn/2009b.html#36 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#73 What can we learn from the meltdown?
https://www.garlic.com/~lynn/2009d.html#75 Whistleblowing and reporting fraud
https://www.garlic.com/~lynn/2009e.html#36 Architectural Diversity
https://www.garlic.com/~lynn/2009e.html#37 How do you see ethics playing a role in your organizations current or past?
https://www.garlic.com/~lynn/2010e.html#77 Madoff Whistleblower Book
https://www.garlic.com/~lynn/2010h.html#41 Profiling of fraudsters
https://www.garlic.com/~lynn/2010q.html#24 Ernst & Young sued for fraud over Lehman
https://www.garlic.com/~lynn/2011b.html#59 Productivity And Bubbles
https://www.garlic.com/~lynn/2011n.html#24 AMERICA IS BROKEN, WHAT NOW?
https://www.garlic.com/~lynn/2011n.html#30 Have you ever wondered why some people seem to get rich easily
https://www.garlic.com/~lynn/2011o.html#80 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2012.html#4 The Myth of Work-Life Balance
https://www.garlic.com/~lynn/2012.html#30 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012b.html#16 Interview of Mr. John Reed regarding banking fixing the game
https://www.garlic.com/~lynn/2012b.html#99 New theory of moral behavior may explain recent ethical lapses in banking industry
https://www.garlic.com/~lynn/2012c.html#1 Spontaneous conduction: The music man with no written plan
https://www.garlic.com/~lynn/2012f.html#91 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012g.html#16 Psychology Of Fraud: Why Good People Do Bad Things
https://www.garlic.com/~lynn/2012g.html#84 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012h.html#53 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2013j.html#20 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#73 Why DOJ Deemed Bank Execs Too Big To Jail
https://www.garlic.com/~lynn/2013j.html#75 The Most dishonest bankers walk away with the most monety
https://www.garlic.com/~lynn/2013k.html#9 Why DOJ Deemed Bank Execs Too Big To Jail
https://www.garlic.com/~lynn/2013k.html#10 What Makes Infrastructure investment not bizarre
https://www.garlic.com/~lynn/2013l.html#14 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013m.html#53 Retirement Savings
https://www.garlic.com/~lynn/2014d.html#76 Crowdsourcing Diplomacy
https://www.garlic.com/~lynn/2014i.html#1 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014i.html#1 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014i.html#39 Sale receipt--obligatory?
https://www.garlic.com/~lynn/2014m.html#37 Income Inequality
https://www.garlic.com/~lynn/2014m.html#44 Business culture in banking industry favors dishonest behavior
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Why you need batch cloud computing Newsgroups: alt.folklore.computers Date: Fri, 21 Nov 2014 08:47:42 -0800jmfbahciv <See.above@aol.com> writes:
in the late 90s, we would periodically visit the person responsible for the largest financial transaction network. He attributed 100% availability over multiple years to
1) triple-redundant, geographically separated (IBM) IMS 2) automated operator
... aka mainframe batch still required human (operator) to perform some number of operations ... however as other failure modes were addressed, human mistakes became increasing percentage of outages.
old summary from study by Jim Gray that hardware was becoming so
reliable that major source of outages was shifting to software,
environmental (floods, earthquakes, power outages), and human
mistakes
https://www.garlic.com/~lynn/grayft84.pdf
also
https://jimgray.azurewebsites.net/papers/TandemTR86.2_FaultToleranceInTandemComputerSystems.pdf
posts mentioning continuous availability, disaster
survivability, geographic survivability
https://www.garlic.com/~lynn/submain.html#available
I've mentioned before that IBM online interactive originally
done at cambridge science center (cp/cms)
https://www.garlic.com/~lynn/subtopic.html#545tech
had comparable number of installations as other vendors ... but the number of IBM "batch" customer installations so dwarfed those numbers that IBM has come to only be associated with "batch".
past posts mentioning automated operator
https://www.garlic.com/~lynn/94.html#2 Schedulers
https://www.garlic.com/~lynn/99.html#71 High Availabilty on S/390
https://www.garlic.com/~lynn/99.html#107 Computer History
https://www.garlic.com/~lynn/99.html#128 Examples of non-relational databases
https://www.garlic.com/~lynn/99.html#136a checks (was S/390 on PowerPC?)
https://www.garlic.com/~lynn/2000.html#22 Computer of the century
https://www.garlic.com/~lynn/2000f.html#12 Amdahl Exits Mainframe Market
https://www.garlic.com/~lynn/2001.html#43 Life as a programmer--1960, 1965?
https://www.garlic.com/~lynn/2001c.html#13 LINUS for S/390
https://www.garlic.com/~lynn/2001d.html#70 Pentium 4 Prefetch engine?
https://www.garlic.com/~lynn/2001d.html#71 Pentium 4 Prefetch engine?
https://www.garlic.com/~lynn/2001e.html#44 Where are IBM z390 SPECint2000 results?
https://www.garlic.com/~lynn/2001e.html#47 Where are IBM z390 SPECint2000 results?
https://www.garlic.com/~lynn/2001h.html#8 VM: checking some myths.
https://www.garlic.com/~lynn/2001k.html#13 HP-UX will not be ported to Alpha (no surprise)exit
https://www.garlic.com/~lynn/2001k.html#14 HP-UX will not be ported to Alpha (no surprise)exit
https://www.garlic.com/~lynn/2001k.html#18 HP-UX will not be ported to Alpha (no surprise)exit
https://www.garlic.com/~lynn/2001l.html#47 five-nines
https://www.garlic.com/~lynn/2001n.html#47 Sysplex Info
https://www.garlic.com/~lynn/2001n.html#85 The demise of compaq
https://www.garlic.com/~lynn/2002.html#24 Buffer overflow
https://www.garlic.com/~lynn/2002e.html#68 Blade architectures
https://www.garlic.com/~lynn/2002h.html#73 Where did text file line ending characters begin?
https://www.garlic.com/~lynn/2002l.html#62 Itanium2 performance data from SGI
https://www.garlic.com/~lynn/2002n.html#27 why does wait state exist?
https://www.garlic.com/~lynn/2002o.html#14 Home mainframes
https://www.garlic.com/~lynn/2002p.html#54 Newbie: Two quesions about mainframes
https://www.garlic.com/~lynn/2003.html#37 Calculating expected reliability for designed system
https://www.garlic.com/~lynn/2003g.html#3 Disk capacity and backup solutions
https://www.garlic.com/~lynn/2003h.html#56 The figures of merit that make mainframes worth the price
https://www.garlic.com/~lynn/2003h.html#60 The figures of merit that make mainframes worth the price
https://www.garlic.com/~lynn/2003i.html#27 instant messaging
https://www.garlic.com/~lynn/2003n.html#22 foundations of relational theory? - some references for the
https://www.garlic.com/~lynn/2003n.html#45 hung/zombie users ... long boring, wandering story
https://www.garlic.com/~lynn/2004.html#40 AMD/Linux vs Intel/Microsoft
https://www.garlic.com/~lynn/2004b.html#48 Automating secure transactions
https://www.garlic.com/~lynn/2004m.html#46 Shipwrecks
https://www.garlic.com/~lynn/2004q.html#75 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005.html#53 8086 memory space
https://www.garlic.com/~lynn/2005.html#59 8086 memory space
https://www.garlic.com/~lynn/2005c.html#7 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005d.html#9 intel's Vanderpool and virtualization in general (was Re: Cell press release, redacted.)
https://www.garlic.com/~lynn/2005j.html#60 Ancient history
https://www.garlic.com/~lynn/2005m.html#52 Cluster computing drawbacks
https://www.garlic.com/~lynn/2005o.html#30 auto reIPL
https://www.garlic.com/~lynn/2005u.html#37 Mainframe Applications and Records Keeping?
https://www.garlic.com/~lynn/2006i.html#2 The Pankian Metaphor
https://www.garlic.com/~lynn/2006u.html#30 Why so little parallelism?
https://www.garlic.com/~lynn/2006w.html#16 intersection between autolog command and cmsback (more history)
https://www.garlic.com/~lynn/2007e.html#16 Attractive Alternatives to Mainframes
https://www.garlic.com/~lynn/2007f.html#56 Is computer history taught now?
https://www.garlic.com/~lynn/2007h.html#76 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007j.html#44 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007n.html#10 The top 10 dead (or dying) computer skills
https://www.garlic.com/~lynn/2008b.html#40 windows time service
https://www.garlic.com/~lynn/2008d.html#11 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008h.html#88 Annoying Processor Pricing
https://www.garlic.com/~lynn/2008i.html#7 Annoying Processor Pricing
https://www.garlic.com/~lynn/2008i.html#17 Does anyone have any IT data center disaster stories?
https://www.garlic.com/~lynn/2008k.html#64 Crippleware: hardware examples
https://www.garlic.com/~lynn/2008o.html#76 Blinkenlights
https://www.garlic.com/~lynn/2008p.html#5 Privacy, Identity theft, account fraud
https://www.garlic.com/~lynn/2008s.html#75 Is SUN going to become x86'ed ??
https://www.garlic.com/~lynn/2009d.html#4 Why do IBMers think disks are 'Direct Access'?
https://www.garlic.com/~lynn/2009f.html#1 Architectural Diversity
https://www.garlic.com/~lynn/2009g.html#15 Confessions of a Cobol programmer
https://www.garlic.com/~lynn/2009p.html#0 big iron mainframe vs. x86 servers
https://www.garlic.com/~lynn/2009q.html#28 Check out Computer glitch to cause flight delays across U.S. - MarketWatch
https://www.garlic.com/~lynn/2009r.html#20 70 Years of ATM Innovation
https://www.garlic.com/~lynn/2010k.html#25 Was VM ever used as an exokernel?
https://www.garlic.com/~lynn/2010l.html#4 Did a mainframe glitch trigger DBS Bank outage?
https://www.garlic.com/~lynn/2010l.html#55 Mainframe Hacking -- Fact or Fiction
https://www.garlic.com/~lynn/2010q.html#69 No command, and control
https://www.garlic.com/~lynn/2011e.html#0 Mainframe technology in 2011 and beyond; who is going to run these Mainframes?
https://www.garlic.com/~lynn/2011e.html#93 Itanium at ISSCC
https://www.garlic.com/~lynn/2011f.html#4 Cool Things You Can Do in z/OS
https://www.garlic.com/~lynn/2011f.html#6 New job for mainframes: Cloud platform
https://www.garlic.com/~lynn/2011n.html#3 Banks Face Ongoing Cyber Threats
https://www.garlic.com/~lynn/2013h.html#16 How about the old mainframe error messages that actually give you a clue about what's broken
https://www.garlic.com/~lynn/2013i.html#27 RBS Mainframe Meltdown: A year on, the fallout is still coming
https://www.garlic.com/~lynn/2013j.html#23 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2014e.html#48 Before the Internet: The golden age of online service
https://www.garlic.com/~lynn/2014g.html#93 Costs of core
https://www.garlic.com/~lynn/2014h.html#19 weird trivia
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Piketty Shreds Marginal Productivity as Neoclassical Justification for Supersized Pay Date: 20 Nov 2014 Blog: Google+re:
Piketty Shreds Marginal Productivity as Neoclassical Justification for
Supersized Pay
http://www.nakedcapitalism.com/2014/11/shaky-foundations-neoliberal-economics-marginal-productivity.html
start of the century I reviewed a periodic financial industry publication that gave the avgs. of largest regional banks compared to the avgs of largest national banks for thousands of items/measures. For various reasons, the regional banks were slightly more efficient than the national banks. The justification for repeal of Glass-Steagall enabling too big to fail (even larger national banks) seemed to be CEO compensation proportional to institutional size.
Glass-Steagall
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
too big to fail ...
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
past posts mentioning the financial industry publication:
https://www.garlic.com/~lynn/2010h.html#52 Our Pecora Moment
https://www.garlic.com/~lynn/2010i.html#16 Fake debate: The Senate will not vote on big banks
https://www.garlic.com/~lynn/2010i.html#21 Fake debate: The Senate will not vote on big banks
https://www.garlic.com/~lynn/2010k.html#43 Snow White and the Seven Dwarfs
https://www.garlic.com/~lynn/2010m.html#67 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010p.html#7 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2011d.html#28 The first personal computer (PC)
https://www.garlic.com/~lynn/2011l.html#39 Kabuki Theater 1603-1629
https://www.garlic.com/~lynn/2011m.html#14 computer bootlaces
https://www.garlic.com/~lynn/2011o.html#83 The banking sector grew seven times faster than gross domestic product since the beginning of the financial crisis and Too-Big-to-Fail: Banks Get Bigger After Dodd-Frank
https://www.garlic.com/~lynn/2012.html#25 You may ask yourself, well, how did I get here?
https://www.garlic.com/~lynn/2012e.html#1 The Dallas Fed Is Calling For The Immediate Breakup Of Large Banks
https://www.garlic.com/~lynn/2012g.html#9 JPM LOSES $2 BILLION USD!
https://www.garlic.com/~lynn/2012g.html#84 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2013.html#44 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013.html#51 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#3 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013k.html#2 IBM Relevancy in the IT World
https://www.garlic.com/~lynn/2014k.html#63 LA Times commentary: roll out "smart" credit cards to deter fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Road Not Taken: Knowing When to Keep Your Mouth Shut Date: 21 Nov 2014 Blog: LinkedInThe Road Not Taken: Knowing When to Keep Your Mouth Shut
Folklore is that some number of OS/360 MFT moved from IBM Kingston to Boca and attempted to redo MFT on S/1 (RPS). Later some summer students at Research did EDX. Even later Palo Alto was working with UCLA on LOCUS (unix work-alike) and ported it to S/1 and some 68k machines (later they released as AIX/370 & AIX/386). Trivia, much earlier cambridge tried to get "peachtree" (S/1 processor) used as basis for 3705.
As undergraduate in the 60s, I was involved in using Interdata/3 to
implement 360 clone controller processor (four of us get written up
for some part of the clone controller business). Much later one of the
baby bells had implemented vtam/ncp emulator with significantly more
function on S1 and branch office sucks me into doing project to
release it as IBM product (what the communication group then did to
subvert the effort can only be described as truth is stranger than
fiction) ... archived post with summary
https://www.garlic.com/~lynn/99.html#67
Note also, some people from stanford approached Palo Alto about taking a workstation they were doing and turning it out as IBM product. Palo Alto calls a review and invites people from Boca, and both San Jose and Yorktown research. After the review, Boca, SJR, and YKT all say that they are working on efforts that are much better and IBM decides not to do it . The group then starts their own company (SUN).
Note that the IBM internal network was larger than the
arpanet/internet from just about the beginning until sometime late '85
or early '86. In the early-to-mid 80s, we were working with NSF and
various NSF supercomputer centers to connect them. We were suppose to
get $20M for the effort, but then congress cuts the budget, some other
things happen and finally NSF releases an RFP. Internal politics
prevent us from bidding, the director of NSF tries to help and writes
the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO)
but that just makes the internal politics worse
(as does comments that what we already have running is at least 5yrs
ahead of all bid responses). some old email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
We were brought in as consultants to small client/server startup that
wanted to do payment transactions on their server; they had also
invented this technology called "SSL" they wanted to use; the result
is now sometimes called "electronic commerce". In the mid-90s,
somewhat for having done "electronic commerce", we were invited to
participate in the X9A10 financial standard working group that had
been given the requirement to preserve the integrity of the financial
infrastructure for *ALL* retail payments (not just internet). The
resulting transaction standard has made little headway ... in part (on
the internet) there is already an incumbent ... and because it
eliminates many of the current forms of fraud ... drastically leveling
the playing field for payments and eliminating a lot of the
justification for the enormous profits currently made in the payment
industry.
https://www.garlic.com/~lynn/x959.html#x959
Trivia: as an aside, we established security requirements for the
deployment and use of SSL, many that were almost immediately violated
... still accounting for many of the current internet exploits
https://www.garlic.com/~lynn/subpubkey.html#sslcerts
In any case, along the way we were asked to file for patents and
assigned a small patent firm to work with us ... we had gotten to 50
or so draft patents and the patent firm said it would be well over 100
before we were done. Executives then looked at the cost of filing so
many patents (both in the US and internationally) and directed that
the claims be repackaged in 9 patents. Later the patent office comes
back and says they are tired of humongous patents where the filing fee
doesn't even cover the cost to read all the claims and directed that
the claims be repackaged into larger number (30+). Again little
progress since they seriously impact the status quo and vested
interests.
https://www.garlic.com/~lynn/aadssummary.htm
I use to sponsor Boyd's briefings at IBM, he put it somewhat different
way:
Force Weapons School, Nellis Air Force Base, Nevada. 17 September 1999
"There are two career paths in front of you, and you have to
choose which path you will follow. One path leads to promotions,
titles, and positions of distinction.... The other path leads to doing
things that are truly significant for the Air Force, but the rewards
will quite often be a kick in the stomach because you may have to
cross swords with the party line on occasion. You can't go down both
paths, you have to choose. Do you want to be a man of distinction or
do you want to do things that really influence the shape of the Air
Force? To be or to do, that is the question." Colonel John R. Boyd,
USAF 1927-1997 From the dedication of Boyd Hall, United States Air
posts mentioning Boyd
https://www.garlic.com/~lynn/subboyd.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Why you need batch cloud computing Newsgroups: alt.folklore.computers Date: Fri, 21 Nov 2014 14:40:57 -0800hancock4 writes:
vm/4341s (online, interactive) sold into the same mid-range market as vax/vms ... 4341s selling similar numbers in the "small" unit orders, big difference was the large corporate orders for multiple hundreds that went out into the dept. areas and were sort of the leading edge of the distributed computing tsunami.
4361s/4381s were the follow-on to the 4331/4341 and they initially
expected that they would continue the sales explosion in the mid-range
market ... but by then the mid-range market was already starting to move
to workstations and large PCs ... which can be seen in this decade of
vax/vms numbers ... sliced and diced by model, year, US/non-US
https://www.garlic.com/~lynn/2002f.html#0
clusters of 4341s also competed against high-end ibm mainframes ... a datacenter 4341 cluster had higher throughput than 3033, less expensive, smaller physical footprint and less environmental resources at one point (POK) head of high-end mainframes managed to get a critical 4341 manufacturing component cut in half (such internal politics could be considered having millstone around your neck, and tended to control the corporate public hype).
old reference about getting dragged into doing benchmarks for national lab
looking at doing compute farm of 70 4341s
https://www.garlic.com/~lynn/2000d.html#0 Is a VAX a mainframe?
... on engineering 4341 (before customer ship in late 70s) over in bldg
15 ... old posts about getting to play disk engineer in bldgs. 14&15
https://www.garlic.com/~lynn/subtopic.html#disk
old email referencing 4300
https://www.garlic.com/~lynn/lhwemail.html#4341
getting dragged into doing benchmarks for national lab sort of start down the
path to modern supercomputing. in mid-80s ... was working with the NSF
supercompting centers on interconnecting them ... some old email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
at the same time had proposal for packing huge number of 370 and
801/risc chips in racks ... old email about having to choose between
meeting on rack clusters and presentation to director of NSF.
https://www.garlic.com/~lynn/2011b.html#email850314
https://www.garlic.com/~lynn/2007d.html#email850315
interconnecting NSF supercomputer centers morphs into the NSFNET backbone as regional networks connect into the centers ... precursor to the modern internet.
later doing HA/CMP ... some past posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
got involved in cluster scale-up ... this time just packing large number
of 801/risc (RIOS) into racks ... working both with national labs
(scientific & technical) ... and commercial RDBMS ... some old email
https://www.garlic.com/~lynn/lhwemail.html#medusa
this is old reference to meeting in Ellison's conference
room Jan1992 on cluster scale-up
https://www.garlic.com/~lynn/95.html#13
however, by end of Jan1992, cluster scale-up had been
transferred, we were told we couldn't work on anything
with more than four processors, and it was announced as
supercomputer for *scientific* and *technical* ONLY ...
press reference 17Feb1992
https://www.garlic.com/~lynn/2001n.html#6000clusters1
later press reference 11May1992
https://www.garlic.com/~lynn/2001n.html#6000clusters2
other trivia ... past posts mentioning being involved with original
sql/relational implementation at SJR (done on vm370 370/145)
https://www.garlic.com/~lynn/submain.html#systemr
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Wall Street is Taking Over America's Pension Plans Date: 21 Nov 2014 Blog: IBM RetireesWall Street is Taking Over America's Pension Plans
from above:
Coverage of the midterm elections has, understandably, focused on the
shift in political power from Democrats toward Republicans. But behind
the scenes, another major story has been playing out. Wall Street
spent upwards of $300M to influence the election results. And a key
part of its agenda has been a plan to move more and more of the $3
trillion dollars in unguarded government pension funds into privately
managed, high-fee investments -- a shift that may well constitute the
biggest financial story of our generation that you've never heard of.
... snip ...
claim is two things have been responsible for propping up the market: ZIRP funds (including forcing investors into the market because of zero interest) from the feds and stock buybacks (lack of reinvestment in the business will eventually come home to roost).
S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts
http://www.bloomberg.com/news/2014-10-06/s-p-500-companies-spend-almost-all-profits-on-buybacks-payouts.html
Buybacks Drive Valuations
http://www.nakedcapitalism.com/2014/10/goldman-makes-it-official-that-the-stock-market-is-manipulated-buybacks-drive-valuations.html
and of course the motivation for buybacks:
Buybacks Can Juice Per-Share Profit, Pad Executive Pay
http://blogs.wsj.com/cfo/2014/10/28/buybacks-can-juice-per-share-profit-pad-executive-pay/
What Record Stock Buybacks Say About Economic Growth
http://www.zerohedge.com/news/2014-11-21/what-record-stock-buybacks-say-about-economic-growth
posts mentioning private equity (been involved in targeting
victim pension plans)
https://www.garlic.com/~lynn/submisc.html#private.equity
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
recent posts mentioning ZIRP:
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#2 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#3 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#4 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#6 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#11 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#23 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#29 LEO
https://www.garlic.com/~lynn/2014m.html#43 LEO
recent posts mentioning pension/retirement plans
https://www.garlic.com/~lynn/2014.html#45 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#54 Pensions, was Re: Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#61 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#81 Pensions, was Re: Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#28 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#48 IBM Dumps Its Server Business On Lenovo For $2.3B
https://www.garlic.com/~lynn/2014b.html#79 Shocking news: Execs do what they're paid to do
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#97 Where does the term Wild Duck come from?
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014b.html#104 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#54 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014e.html#75 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#18 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#32 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014f.html#47 Barbarians at the Gate
https://www.garlic.com/~lynn/2014f.html#48 IBM hopes new chip can turn the tables on Intel
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#91 Open Books Stop Self-Dealing and Corruption
https://www.garlic.com/~lynn/2014g.html#111 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014h.html#89 IBM, Lenovo server deal potentially scuppered over security
https://www.garlic.com/~lynn/2014i.html#14 Instead of focusing on big fines, law enforcement should seek long prison terms for the responsible executives
https://www.garlic.com/~lynn/2014k.html#69 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014l.html#4 HP splits, again
https://www.garlic.com/~lynn/2014l.html#28 HP splits, again
https://www.garlic.com/~lynn/2014l.html#50 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#51 A View From Beneath the Dancing Elephant
https://www.garlic.com/~lynn/2014l.html#64 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014m.html#8 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#10 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#18 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#21 Senate Democrats vs. the Middle Class; Senators elected in 2008 made Obama's agenda possible, and its results have harmed most Americans
https://www.garlic.com/~lynn/2014m.html#52 LEO
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Why you need batch cloud computing Newsgroups: alt.folklore.computers Date: Fri, 21 Nov 2014 17:16:43 -0800Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
I've mentioned before we were brought in to small client/server startup
that wanted to do payment transactions on their server; they had also
invented this technology called "SSL" that they wanted to use, the
results are now frequently called "electronic commerce". During this
period ... I frequently had examples where mainframe heritage would have
done better job running dark room, unattended server operations. However
a major problem was its poor support for tcp/ip, distributed computing,
and client/server. some recent posts
https://www.garlic.com/~lynn/2014m.html#20 How To Make Transparency Part Of Organizational Culture
https://www.garlic.com/~lynn/2014m.html#56 The Road Not Taken: Knowing When to Keep Your Mouth Shut
I mention in above establishing security recommendations for SSL deployment and operation ... and almost immediately some were dropped (resulting in various exploits that continue to this day). One of the issues is that SSL assumes that the end user knows the relationship between the webserver they think they are talking to and the corresponding entered URL. Then SSL provides the relationship between the entered URL and the actual webserver. It requires both to establish that the webserver being talked to is the webserver the user thinks it is. Almost immediately webservers found that using SSL cut their throughput 90% and they dropped back to just using SSL for checkout/paying. Now the entered URL is not validated and the SSL url is typically provided by clicking a button; which just results in the webserver is whatever it claims to be (not necessarily what you think it is).
I've also periodically referred to senior disk engineer got a talk
scheduled at the annual, internal, world-wide communication group
conference ... supposedly on 3174 performance ... but opened his talk
with the statement that the communication group was going to be
responsible for the demise of the disk division. The issue was that the
communication group had strategic responsibility for everything that
crossed the datacenter walls and was fighting off client/server and
distributed computing, trying to preserve its (emulated) dumb terminal
paradigm and install base. The disk division was seeing data fleeing the
datacenter to more distributed computing friendly platforms with drop in
disk sales. The disk division had come up with a number of solutions to
correct the problem ... but they were constantly being vetoed by the
disk division. some past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
In this time-frame we had come up with 3-tier architecture and
out pitching it to customer executives ... and taking all sort
of arrows in the back from the SNA & T/R forces ... some past
posts
https://www.garlic.com/~lynn/subnetwork.html#3tier
The original mainframe tcp/ip product was done in vs/pascal for
vm370. The throughput/performance was limited and communication group
managed to enormously increase the price for the supported
hardware. On 3090 it needed nearly full 3090 processor to get
44kbyte/sec throughput. I did the changes to support rfc1044 and in
some tests at cray research got sustained channel media throughput
between 4341 and cray using only modest amount of 4341 processor
(around 500 times improvement in bytes moved per instruction
executed).
https://www.garlic.com/~lynn/subnetwork.html#1044
The communication group was also resorting to various misinformation
internally ... including claims that NSFNET backbone could run over
VTAM/NCP. old reference:
https://www.garlic.com/~lynn/2006w.html#email870109
past posts mentioning NSFNET backbone
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Road Not Taken: Knowing When to Keep Your Mouth Shut Date: 21 Nov 2014 Blog: LinkedInre:
some trivia ... before windows there was ms/dos
https://en.wikipedia.org/wiki/MS-DOS
before ms/dos there was seattle computer
https://en.wikipedia.org/wiki/Seattle_Computer_Products
before seattle computer there was cp/m,
https://en.wikipedia.org/wiki/CP/M
before cp/m, kildall worked on cp67/cms at npg (gone 404, but lives on
at the wayback machine)
https://web.archive.org/web/20071011100440/http://www.khet.net/gmc/docs/museum/en_cpmName.html
npg
https://en.wikipedia.org/wiki/Naval_Postgraduate_School
cp67/cms (aka precursor to vm/370)
https://en.wikipedia.org/wiki/CP/CMS
before cp67/cms ... there was virtual machine, interactive computing cp/40
https://www.garlic.com/~lynn/cp40seas1982.txt
at the IBM science center ... some past posts
https://www.garlic.com/~lynn/subtopic.html#545tech
other cp/67 starting in the 60s (gone 404, but lives on at the wayback
machine)
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
note that after CTSS,
https://en.wikipedia.org/wiki/Compatible_Time-Sharing_System
some of the folks went to the IBM science center on the 4th flr and
did cp/40 and then cp/67. Other of the folks went to the 5th flr and
did multics.
https://en.wikipedia.org/wiki/Multics
some number of the people that started work on multics returned to
bell labs and did unix (play on simplified multics, unix & vm370 have
common heritage back to CTSS on IBM 7094)
https://en.wikipedia.org/wiki/UNIX
first portable UNIX to was to interdata
https://en.wikipedia.org/wiki/Version_6_Unix
as previously mentioned I worked with interdata/3 a decade earlier
https://www.garlic.com/~lynn/submain.html#360pcm
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Decimation of the valuation of IBM Date: 22 Nov 2014 Blog: LinkedInMicrosoft, Oracle More Valuable Than IBM
During FS period in the early 70s, internal politics was killing off
370 products, the lack of 370 products during the FS period is
credited with giving clone processors market foothold. From "Computer
Wars" (after FS failure):
... and perhaps most damaging, the old culture under Watson Snr and Jr
of free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived in
the shadow of defeat
... and:
But because of the heavy investment of face by the top management, F/S
took years to kill, although its wrongheadedness was obvious from the
very outset. "For the first time, during F/S, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
when FS imploded there was a mad rush to get products back into the
370 pipeline ... part of this was that "ad-tech" was pretty much
thrown under the bus (groups thrown into help with the product mad
rush).
https://www.garlic.com/~lynn/submain.html#futuresys
I did an "ad-tech" conference the spring of 1982 ... the first in many
years
https://www.garlic.com/~lynn/96.html#4a
... then reference to Mandelbrot resigning in 1987 over IBM ending
pure research.
https://en.wikipedia.org/wiki/Benoit_Mandelbrot
from "Great Deformation":
IBM was not the born-again growth machine trumpeted by the mob of Wall
Street momo traders. It was actually a stock buyback contraption on
steroids. During the five years ending in fiscal 2011, the company
spent a staggering $67 billion repurchasing its own shares, a figure
that was equal to 100 percent of its net income.
and
Total shareholder distributions, including dividends, amounted to $82
billion, or 122 percent, of net income over this five-year period.
Likewise, during the last five years IBM spent less on capital
investment than its depreciation and amortization charges, and also
shrank its constant dollar spending for research and development by
nearly 2 percent annually.
... snip ...
S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts
http://www.bloomberg.com/news/2014-10-06/s-p-500-companies-spend-almost-all-profits-on-buybacks-payouts.html
Buybacks Drive Valuations
http://www.nakedcapitalism.com/2014/10/goldman-makes-it-official-that-the-stock-market-is-manipulated-buybacks-drive-valuations.html
Buybacks Can Juice Per-Share Profit, Pad Executive Pay
http://blogs.wsj.com/cfo/2014/10/28/buybacks-can-juice-per-share-profit-pad-executive-pay/
What Record Stock Buybacks Say About Economic Growth
http://www.zerohedge.com/news/2014-11-21/what-record-stock-buybacks-say-about-economic-growth
Note: Stockman in "Great Deformation" describes stock buybacks as
mini-form of private equity LBOs.
https://www.garlic.com/~lynn/submisc.html#private.equity
I used to sponsor Boyd's briefings at IBM. Part of the briefing was
that at entry to WW2, the military had to deploy large numbers with
little or no experience. In order to leverage the little available
experience, they went to heavy duty, rigid, top-down command&control
structure requiring 11% officers (growing to 20%, compared to <3% for
German military). He would observe that US corporate culture was
starting to be contaminated with former officers that learned their
organization skills in the military. Note this is also in the period
that articles were starting to appear about US companies being
destroyed by the rise of MBAs and their myopic focus on quarterly
results. The military culture, that only those at the very top know
what they are doing, has also been used to justify the explosion in
avg executive to worker compensation ratio to 400:1 after being 20:1
for a long time. Also from Boyd:
"There are two career paths in front of you, and you have to choose
which path you will follow. One path leads to promotions, titles, and
positions of distinction.... The other path leads to doing things that
are truly significant for the Air Force, but the rewards will quite
often be a kick in the stomach because you may have to cross swords
with the party line on occasion. You can't go down both paths, you
have to choose. Do you want to be a man of distinction or do you want
to do things that really influence the shape of the Air Force? To Be
or To Do, that is the question." Colonel John R. Boyd, USAF 1927-1997
From the dedication of Boyd Hall, United States Air Force Weapons
School, Nellis Air Force Base, Nevada. 17 Sept 1999
past Boyd posts and WEB URLs
https://www.garlic.com/~lynn/subboyd.html
In the mid-80s, top executives were predicting IBM revenue would double primarily based on mainframe business (even though at the time that business was starting to go in the other direction, it is not exactly career enhancing to point it out) and do a massive internal building program to double mainframe manufacturing capacity (there is also a massive uptic in "fast track" MBAs). A few years later IBM has gone into the red.
The president of AMEX is in competition to be the next CEO and wins,
the looser takes his protege with him and leaves going to
Baltimore. AMEX is in competition to do private-equity, reverse IPO,
leveraged buyout of RJR and looses to KKR. KKR runs into problems with
RJR and hires away the AMEX president to turn it around. Then IBM has
gone into the red and is on the verge of being broken into the 13
"baby blues". IBM board brings in this former AMEX president to
resurrect the company and reverse the breakup.
https://www.garlic.com/~lynn/submisc.html#gerstner
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
Part of the measures are stock buybacks and other measures are
described here:
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
Note recent articles are that Amazon has been doing massive build-out of its cloud infrastructure for more than decade ... even though the enormous investment has it barely breaking even (or even loosing money) ... in that period, IBM has been putting its money into stock buybacks and dividends.
n the late 80s, a senior disk engineer got a talk scheduled at the
internal, annual, world-wide communication group conference supposedly
on 3174 performance ... but he opened his talk with the statement that
the communication group was going to be responsible for the demise of
the disk division. The issue was that the communication group had
strategic ownership of everything that crosses the datacenter walls
and were fighting off client/server and distributed computing trying
to preserve its (emulated) dumb terminal paradigm and install
base. The disk division was seeing the effects with data fleeing the
datacenter to more distributed computing friendly platforms with drop
in disk sales. The disk division had come up with several solutions to
correct the problem, but they were constantly being vetoed by the
communication.
https://www.garlic.com/~lynn/subnetwork.html#terminal
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Is IBM Suddenly Vulnerable To A Takeover? Date: 22 Nov 2014 Blog: FacebookIs IBM Suddenly Vulnerable To A Takeover?
from above:
But IBM is becoming an exception. It has a ton of people on high
salary, near the end of their careers, who can be replaced by Indian
or Chinese programmers. It has a ton of retirees whose retirement
assets could be seized through bankruptcy or mere pressure. Whoever
did such a deal would be facing a massive public backlash, but at this
point, the parts are definitely worth more than the whole.
... snip ...
in the past, this had account of organization suing over changing the
pension fund to an "asset" (subject to seizure)
http://www.endicottalliance.org/
and other detail:
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
recent posts mentioning retirement heist:
https://www.garlic.com/~lynn/2014.html#45 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#48 IBM Dumps Its Server Business On Lenovo For $2.3B
https://www.garlic.com/~lynn/2014b.html#79 Shocking news: Execs do what they're paid to do
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#54 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014e.html#75 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#32 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014f.html#47 Barbarians at the Gate
https://www.garlic.com/~lynn/2014f.html#48 IBM hopes new chip can turn the tables on Intel
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#111 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014h.html#25 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014h.html#89 IBM, Lenovo server deal potentially scuppered over security
https://www.garlic.com/~lynn/2014k.html#69 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014l.html#28 HP splits, again
https://www.garlic.com/~lynn/2014l.html#36 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#50 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#51 A View From Beneath the Dancing Elephant
https://www.garlic.com/~lynn/2014l.html#64 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014m.html#2 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#8 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#10 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#12 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#61 Decimation of the valuation of IBM
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Fed Just Acknowledged Its Too Big To Jail Policy Date: 22 Nov 2014 Blog: FacebookThe Fed Just Acknowledged Its Too Big To Jail Policy
Dudley Do Wrong Rejects Being a "Cop" and Embraces "Foaming the Runway"
http://neweconomicperspectives.org/2014/11/dudley-wrong-rejects-cop-embraces-foaming-runways.html
Power to the People! US Senator Elizabeth Warren Says to President
Obama We've Had Enough Wall Street Cronies in the US Government
http://johnhively.wordpress.com/2014/11/21/powere-to-the-people-us-senator-elizabeth-warren-says-to-president-obama-weve-had-enough-wall-street-cronies-in-the-us-government/
Elizabeth Warren Blasts New York Fed President William Dudley
http://www.nakedcapitalism.com/2014/11/elizabeth-warren-blasts-new-york-fed-president-william-dudley.html
posts mentioning too big to fail (too big to prosecute, too big
to jail)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
start of the century I reviewed a periodic financial industry publication that gave the avgs. of largest regional banks compared to the avgs of largest national banks for thousands of items/measures. For various reasons, the regional banks were slightly more efficient than the national banks. The justification for repeal of Glass-Steagall enabling too big to fail (too big to prosecute, too big to jail) seemed to be CEO compensation proportional to institutional size.
The president of AMEX is in competition to be the next CEO and wins, the looser takes his protege with him and goes to Baltimore taking over what has been described as a loan sharking business. They then make other acquisitions, eventually acquiring citibank in violation of Glass-Steagall. Greenspan gives them an exemption while they lobby congress for repeal (they also enlist the help of sec. of treasury, who had previously been head of Goldman ... who after it is done, resigns and becomes, what at the time, is called (citi) co-CEO; repeal of Glass-Steagall is enabler for too big to fail). The protege leaves and becomes CEO of one of the other too big to fail. At the time I remember comments that the new citibank CEO was replacing the traditional banking executives with people from other areas of the financial industry that weren't use to depository institution regulations.
Why did regulators ignore rising risks at Citigroup despite warnings
of the oncoming crisis?
https://www.linkedin.com/pulse/article/20141122045537-20494629-why-did-regulators-ignore-rising-risks-at-citigroup-despite-warnings-of-the-oncoming-crisis
Corporate Fraud and Misconduct Risks Driven by Pressure to do
'Whatever It Takes'; Fewer episodes reported by companies with ethics
and compliance programs
http://www.informationweek.com/financialservices/news/showArticle.jhtml?articleID=215801487
from above:
Of more than 5,000 U.S. workers polled this summer, 74 percent said
they had personally observed misconduct within their organizations
during the prior 12 months, unchanged from the level reported by KPMG
survey respondents in 2005. Roughly half (46 percent) of respondents
reported that what they observed "could cause a significant loss of
public trust if discovered," a figure that rises to 60 percent among
employees working in the banking and finance industry.
... snip ...
If the overall avg. is 46percent and the financial industry is 60 percent, then the non-financial avg may be as low as 30percent ... making the financial industry twice as bad as other industries
Banking - licensed to cheat! And whether you'll get away with it.
https://financialcryptography.com/mt/archives/001531.html
Research: Bankers and the Religious Will Lie for Money
http://econintersect.com/b2evolution/blog1.php/2014/11/20/research-bankers-and-the-religious-will-lie-for-money
Study: Religious more likely to lie for financial gain
http://www.salon.com/2013/10/22/study_religious_more_likely_to_lie_for_financial_gain_partner/
Business culture in banking industry favors dishonest behavior
http://www.sciencedaily.com/releases/2014/11/141119132524.htm
Study Finds Banking Industry May Spark Dishonest Behavior
http://time.com/3595882/bank-industry-dishonesty-study/
Deception counts
http://www.atimes.com/atimes/Global_Economy/GECON-01-191114.html
Modern accounts are instruments of deception
http://www.prudentbear.com/2014/11/the-bears-lair-modern-accounts-are.html
Cochrane Demands that the Public Unilaterally Disarm while the
Banksters Loot
http://neweconomicperspectives.org/2014/11/cochrane-demands-public-unilaterally-disarm-banksters-loot.html
The NY Fed's Attempt To Explain That It Is Not A Subsidiary Of Goldman
Sachs
http://www.zerohedge.com/news/2014-11-20/ny-feds-attempt-explain-it-not-subsidiary-goldman-sachs
A Quick Look At Goldman's Takeover Of The US Judicial System: NY Fed
Edition
http://www.zerohedge.com/news/2014-11-20/while-ny-fed-just-admitted-whistleblower-segarra-was-right-conflicted-judge-threw-ou
Abdication of Regulatory Oversight of Large Banks
https://www.linkedin.com/pulse/article/20141120034037-20494629-abdication-of-regulatory-oversight-of-large-banks
'The most dishonest bankers walk away with the most money'
http://www.theguardian.com/commentisfree/2013/aug/01/most-dishonest-bankers-most-money-banking-blog
Trader Describes How Dishonesty Pays in Finance, Big Time
http://www.nakedcapitalism.com/2013/08/trader-describes-how-dishonesty-pays-in-finance-big-time.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 23 Nov 2014 18:41:06 -0800"Charles Richmond" <numerist@aquaporin4.com> writes:
The Post-9/11 Homeland Security Industrial Complex Profiteers and
Endless War
http://www.truth-out.org/progressivepicks/item/27425-james-risen-the-post-9-11-homeland-security-industrial-complex-profiteers-and-endless-war
lots of "perpetual war" and "continuous conflict" ... even predating
Spinney (one of Boyd's acolytes)
https://en.wikipedia.org/wiki/Perpetual_war
and Eisenhower's warning about the military-industrial complex.
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
war is a racket (also references perpetual war)
https://en.wikipedia.org/wiki/War_Is_a_Racket
and
Triumphant Plutocracy
http://archive.org/details/triumphantpluto00pettrich
loc6265-74:
XXX. THE LEAGUE TO PERPETUATE WAR The war has just begun. I said that
when the Armistice terms were published and when I read the Treaty and
the League Covenant I felt more than evercon vinced of the justice of my
conclusion. The Treaty of Versailles is merely an armistice -- a
suspension of hostilities, while the combatants get their wind. There is
a war in every chapter of the Treaty and in every section of the League
Covenant; war all over the world; war without end so long as the
conditions endure which produce these documents.
... snip ...
also
https://www.garlic.com/~lynn/submisc.html#perpetual.war
posts & URLs referencing Boyd
https://www.garlic.com/~lynn/subboyd.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Decimation of the valuation of IBM Date: 23 Nov 2014 Blog: LinkedInre:
IBM has organization that does a lot of business based on corporations outsourcing to IBM. One scenario has outsourcing of activities that aren't critical to the core activities of the organization (eliminating executives have to worry about things that aren't directly related to the business). However, US corporations have increasingly shifted to the core activity of the organization is maximizing shareholder value (but that frequently is code for maximizing executive compensation).
Why the "Maximizing Shareholder Value" Theory of Corporate Governance
is Bogus; One mantra you see regularly in the business and popular
press goes something along the lines of "the CEO and board have a
fiduciary duty to maximize shareholder value."
http://www.nakedcapitalism.com/2013/10/why-the-maximizing-shareholder-value-theory-of-corporate-governance-is-bogus.html
from above:
If you review any of the numerous guides prepared for directors of
corporations prepared by law firms and other experts, you won't find a
stipulation for them to maximize shareholder value on the list of
things they are supposed to do. It's not a legal requirement. And
there is a good reason for that.
Directors and officers, broadly speaking, have a duty of care and duty
of loyalty to the corporation. From that flow more specific
obligations under Federal and state law. But notice: those
responsibilities are to the corporation, not to shareholders in
particular.
... snip ...
Note that adtech (products 5-8yrs out) was thrown under the bus after the failure of FS ... being used to help with the mad rush to get products back into the pipeline ... separate adtech groups and the advanced technology division disappears. Then research division was increasingly used to fill in the adtech void ... until pure research is also gone (but they don't bother to rename it the advance technology division).
Note when I did the adtech conference in 1982, I was in the research
division. While I did a lot of research on computer algorithms, one of
my hobbies was building enhanced mainframe operating systems for
internal datacenters ... lots of place ran them ... I had been
providing systems to the world-wide online sales&marketing support
HONE operation from their days starting with CP67. past posts:
https://www.garlic.com/~lynn/subtopic.html#hone
The dasd engineering & product test labs. had been running stand-alone
dedicated operation (7x24 around the clock pre-scheduled). They had
once tried operating system ... but found that MVS (of the period) had
a 15min MTBF in that environment (requiring manual restart). I offered
to rewrite the I/O supervisor to be bullet proof and never fail so
that they could do on-demand, concurrent anytime testing ... greatly
increasing productivity. Downside was that they increasingly try and
drag me in to play disk engineer. past posts
https://www.garlic.com/~lynn/subtopic.html#disk
The other scenario is it started downhill with FS effort (a little
over 40yrs) and continued downhill until company went into the red
... and then there was big shift ... but from the law of unintended
consequences ... things change in unexpected ways.
https://www.garlic.com/~lynn/submain.html#futuresys
Another tale from long ago and far away, some people from stanford approached Palo Alto about taking a workstation they were doing and turning it out as IBM product. Palo Alto calls a review and invites people from Boca, and both San Jose and Yorktown research. After the review, Boca, SJR, and YKT all say that they are working on efforts that are much better and IBM decides not to do it . The group then starts their own company (SUN).
A tale from the gov. trial ... executive from one of the 7 dwarfs testified that by the late 50s ... all the companies in the computer business realized that a compatibility was required across the computer line .... businesses were starting to rapidly grow and software development was so expensive ... that having to totally rewrite every time they changed computers was major inhibitor. For various reasons all the other vendors weren't able able to force plant managers to maintain compatibility, but IBM management did. Being the only vendor with compatible line gave it enormous competitive advantage ... it could be deficient in nearly every other area and still prevail. IBM could "coast" on that competitive advantage for a number of decades.
In the early 70s, Amdahl had a seminar at MIT in large, packed auditorium. One of the students asked how Amdahl convinced the money people to invest in his (clone processor) company. His reply was that even if IBM were to totally walk away from 360 (/370, which I took as veiled reference to FS), the customer 360 software base was so massive that it would keep him in business through the end of the century.
This has an account of the end of IBM's ACS
https://people.computing.clemson.edu/~mark/acs_end.html
it was terminated in the late 60s after IBM management decided that it would advance the computer state-of-the-art too fast and IBM might loose control of the market (Amdahl leaves shortly afterwards and starts his own company). At the end of the article it has list of items from ACS that show up with es/9000 two decades later..
recent posts mentioning end of IBM's ACS
https://www.garlic.com/~lynn/2014.html#62 Imprecise Interrupts and the 360/195
https://www.garlic.com/~lynn/2014c.html#64 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014c.html#94 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014d.html#21 Write Inhibit
https://www.garlic.com/~lynn/2014d.html#28 Write Inhibit
https://www.garlic.com/~lynn/2014e.html#15 Last Gasp for Hard Disk Drives
https://www.garlic.com/~lynn/2014e.html#26 23Jun1969 Unbundling Announcement
https://www.garlic.com/~lynn/2014e.html#29 The mainframe turns 50, or, why the IBM System/360 launch was the dawn of enterprise IT
https://www.garlic.com/~lynn/2014e.html#51 The mainframe turns 50, or, why the IBM System/360 launch was the dawn of enterprise IT
https://www.garlic.com/~lynn/2014f.html#21 Complete 360 and 370 systems found
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#67 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#73 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014g.html#11 DEC Technical Journal on Bitsavers
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#4 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#6 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#65 Are you tired of the negative comments about IBM in this community?
https://www.garlic.com/~lynn/2014h.html#68 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014i.html#69 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#87 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#97 The SDS 92, its place in history?
https://www.garlic.com/~lynn/2014j.html#19 DG Nova 1200 as console
https://www.garlic.com/~lynn/2014j.html#32 Univac 90 series info posted on bitsavers
https://www.garlic.com/~lynn/2014j.html#51 Is coding the new literacy?
https://www.garlic.com/~lynn/2014j.html#100 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Why you need batch cloud computing Newsgroups: alt.folklore.computers Date: Mon, 24 Nov 2014 14:05:30 -0800hancock4 writes:
as undergraduate in the 60s, I redid cp67 for dynamic adaptive resource
management ... it was referred to as "fair share scheduling" ... was
that default policy was everything got equal share. The earlier cp67
implementation bore some resemblance to UNIX code that I ran into two
decades later ... possibly because of common heritage to CTSS;
cp67->CTSS, unix->multics->ctss; multics was on 5th flr 545 tech sq,
cp67 was done at the science center on the 4th flr
https://www.garlic.com/~lynn/subtopic.html#545tech
online interactive response is greatly improved for many operations since they also tend to have trivial resource user and are given preference.
in the morph from cp67->vm370 there was great deal of simplification and a lot of the cp67 work I had done gets dropped. At share sessions, many installations lobby for allowing me to put it back in vm370.
I finally get around to porting it and lots of other stuff from cp67
to vm370 ... some old email
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
and during the FS period when lots of 370 stuff is being killed i
continue to work on 370 stuff even ridiculing FS efforts (not exactly
career enhancing).
https://www.garlic.com/~lynn/submain.html#futuresys
after FS implodes, there is mad rush to get 370 stuff back into product pipelines ... which is likely motivation to release lots of stuff I had continued to do ... a bunch of it in standard release
now result of legal action in the 60s, there is the 23Jun1969 unbundling
announcement ... that includes starting to charge for software, however
they make the case that kernel software should still be free
https://www.garlic.com/~lynn/submain.html#unbundle
now the lack of 370 products during the FS period is credited with giving clone processors a market foothold ... which apparently motivates the decision to start charging for kernel software. My resource management (from cp67 days) is selected to be the first guinea pig and I get to spend lots of time with lawyers and business people on kernel software charging policy.
Now the pok favorite son (batch) operating system had an enormous number of things that required constant tweaking by system programmers (which I had eliminated in the 60s with dynanmic adaptive resource management). Somebody in corporate says he won't sign off on releasing my resource management product unless it had similar, state-of-the-art, "modern" features.
so I added several parameters that could be tweaked by system
programmers. However, it was all a joke ... that apparently nobody
ever figured out ... the range of values that could be manually
tweaked would be compensated for by the adatpive adaptive code. I
wrote detailed description of the algorithms and implementation as
well as providing all the source code ... and yet nobody realized that
the dynamic adaptive code was compensating for manual changes.
https://www.garlic.com/~lynn/subtopic.html#fairshare
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 24 Nov 2014 18:17:14 -0800Peter Flass <peter_flass@yahoo.com> writes:
also over-prescribing shows up in the enormous profit motivation by the
pharmaceutical-regulatory-congressional complex ... similar to the
"captured" regulators and financial-regulatory-congressional complex and
the military-industry-congressional complex
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
recent item
Pharmaceutical industry gets high on fat profits
http://www.bbc.com/news/business-28212223
big pharma shows up in medicare part-d
https://www.garlic.com/~lynn/submisc.html#medicare.part-d
1st major bill after congress allows fiscal responsibility act to expire
in 2002.
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
comptroller general describes it as long term $40T unfunded mandate that
comes to swamp all other federal budget items.
https://www.garlic.com/~lynn/submisc.html#comptroller.general
cbs 60mins did segment that 18 republican staffers&members of congress were responsible for getting it through the legislative process ... at the last minute inserts clause that prevents competitive bidding and prevents CBO from distributing report analysing the change. after the bill passes, all 18 have resigned and are on big pharma payroll.
60mins also shows comparison of drugs from part-d that are three times the price of the identical same drug from the VA (which allows competitive bidding).
more recent expose by 60mins
'60 Minutes' Just Attacked High Drug Prices. Here's What You Should
Know.
http://www.forbes.com/sites/matthewherper/2014/10/05/60-minutes-just-attacked-high-drug-prices-heres-what-you-should-know/
other refs:
https://www.garlic.com/~lynn/2011j.html#40 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2011j.html#59 Why did the OODA-loop tactic grow into a strategy?
https://www.garlic.com/~lynn/2011k.html#49 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011o.html#73 How Pursuit of Profits Kills Innovation and the U.S. Economy
https://www.garlic.com/~lynn/2011p.html#34 21st Century Management approach?
https://www.garlic.com/~lynn/2012d.html#36 McCain calls for U.S.-led airstrikes in Syria
https://www.garlic.com/~lynn/2012f.html#88 Defense acquisitions are broken and no one cares
https://www.garlic.com/~lynn/2012h.html#68 Interesting News Article
https://www.garlic.com/~lynn/2012n.html#0 General Mills computer
https://www.garlic.com/~lynn/2013d.html#28 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013e.html#20 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013g.html#51 What Makes collecting sales taxes Bizarre?
https://www.garlic.com/~lynn/2013h.html#55 OT: "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2014j.html#81 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
https://www.garlic.com/~lynn/2014m.html#27 LEO
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Decimation of the valuation of IBM Date: 24 Nov 2014 Blog: LinkedInre:
Note, some of this is rehash of similar stuff in "tandem memos" ... I
was blamed for online computer conferencing on the internal network
(larger than arpanet/internet from just about the beginning until
sometime late '85 or early '86) in late 70s and early 80s. Folklore is
that when executive committee was informed of online computer
conferencing (and the internal network), 5of6 wanted to fire me
(possibly why they didn't was large number of internal datacenters
running my systems, however i was told that i could forget any
possibility of promotions or corporate awards). from IBMJARGON:
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticized the way products were [are]
developed. The memos are required reading for anyone with a serious
interest in quality products. If you have not seen the memos, try
reading the November 1981 Datamation summary.
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: RR songs, was Re: e50th/60th anniversary of SABRE--real-time airline reservations computer system Newsgroups: alt.folklore.computers Date: Mon, 24 Nov 2014 22:11:13 -0800Ahem A Rivet's Shot <steveo@eircom.net> writes:
https://en.wikipedia.org/wiki/Pan_American_World_Airways#Sale_of_Pacific_division
Sale of Pacific division
Given the airline's dire state, in April 1985, Acker sold Pan Am's
entire Pacific Division, which consisted of 25% of its entire route
system, to United Airlines for $750 million. This sale also enabled Pan
Am to address fleet incompatibility issues related to the earlier
acquisition of National Airlines as it included Pan Am's Pratt & Whitney
JT9D-powered 747SPs, its Rolls-Royce RB211-powered L-1011s and the
General Electric CF6-powered DC-10s inherited from National, which were
transferred to United along with the Pacific routes.[54][91]
... snip ...
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 25 Nov 2014 08:13:08 -0800Peter Flass <peter_flass@yahoo.com> writes:
Prescription painkillers: 5 surprising facts; Why you should be
concerned about opioids -- the most prescribed drugs in America
http://www.consumerreports.org/cro/2014/01/5-surprising-things-you-need-to-know-about-prescription-painkillers/index.htm
Are You Taking Pain Pills You Don't Need?
http://www.prevention.com/health/health-concerns/dangers-over-prescribing-pain-killers
Who Is Responsible for the Pain-Pill Epidemic?
http://www.newyorker.com/business/currency/who-is-responsible-for-the-pain-pill-epidemic
from above:
The use of prescription narcotics, and the problems associated with
them, are so pervasive that, last month, the Food and Drug
Administration recommended tightening regulations for how doctors
prescribe some of the most commonly used narcotic painkillers.
...
At around the same time, the companies that manufactured these narcotics
-- including Purdue Pharma, Johnson & Johnson, and Endo Pharmaceuticals
-- began to aggressively market their products for long-term, non-cancer
pain, including neck and back pain. They promoted their prescription
narcotics to doctors through ads in highly regarded publications, and
through continuing-education courses for medical professionals.
... snip ...
I recently noticed segments on TV warning about other members of your household (adolescents) taking you pills (doesn't say, but most likely various related to pain, anxiety, etc) ... also advertisements for clinics specializing in pain pill addiction.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Decimation of the valuation of IBM Date: 25 Nov 2014 Blog: LinkedInre:
There was article from 2012 that mainframe processors were 4% of IBM revenue, but the total mainframe group (software, services, etc) was 25% and 40% of the profit.
1qtr2014 financials had IBM selling the equivalent of 14 max configured mainframe EC12 (56 on analyzed basis) ... things look like the company has been doing its best to milk every ounce out of the declining mainframe business ... however, it does have a core customer base in financial industry.
Financial transaction processing started out as mainframe overnight batch. In the 70s & 80s, online front-end transaction initiation was introduced, but processing the transaction was still left to the overnight backend batch. In the 90s, with business growing and globalization, the size of the overnight batch window was shrinking at the same time the work needed to be done was increasing. In any case, there were major portions of the financial industry that still required mainframes (and had vested interests in keeping some part of IBM operating). However, the industry did spend billions of dollars in the 90s to re-engineer their financial systems, leveraging lots of "killer micros" and parallelization to change over to straight through processing (eliminating overnight batch bottleneck). They did some toy pilots and started on major conversions w/o doing speeds&feeds ... and ignoring advice that the parallelization technology they were using introduced 100 times overhead compared to the mainframe cobol batch. This overhead came to totally swamp the anticipated increase in "killer micro" throughput when it came to deployment.
The later half of the last decade, I was involved in taking some straight through processing technology to financial industry groups, which leveraged the enormous throughput work in (non-mainframe) RDBMS parallelization and cluster scale-up (instead of roll-your-own approach used during the 90s). We were able to demonstrate throughput several times that of any mainframe configuration. It initially had great acceptance but then all things came to screeching halt. We were finally told that there are large number of financial executives that still bore the scars from the failed re-engineering attempts in the 90s (and things would have to wait until they were replaced by new generation)
recent posts mentioning straight through processing and/or
"overnight batch"
https://www.garlic.com/~lynn/2014.html#3 We need to talk about TED
https://www.garlic.com/~lynn/2014b.html#29 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#81 CPU time
https://www.garlic.com/~lynn/2014b.html#83 CPU time
https://www.garlic.com/~lynn/2014c.html#22 US Federal Reserve pushes ahead with Faster Payments planning
https://www.garlic.com/~lynn/2014c.html#90 Why do bank IT systems keep failing ?
https://www.garlic.com/~lynn/2014e.html#10 Can the mainframe remain relevant in the cloud and mobile era?
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#74 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014j.html#38 Meet Cobol's hard core fans
https://www.garlic.com/~lynn/2014l.html#76 This Was the Very First Website In the US
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Why you need batch cloud computing Newsgroups: alt.folklore.computers Date: Tue, 25 Nov 2014 10:49:37 -0800scott@slp53.sl.home (Scott Lurndal) writes:
there was special software feature for VS1 operating system to handle
timing constraint for check shorters
https://en.wikipedia.org/wiki/IBM_3890
the POK favorite son operating system (MVS) had interrupt handling pathlength that was way too long. part of the justification for SSCH instruction in 370/xa was because of the enormously long MVS interrupt handling pathlength. As disks got faster ... a growing problem limiting disk throughput was redrive latency (idle time from i/o interrupt signalling the end of the previous i/o through the interrupt handler until status was ready to restart the device with queued request).
I've commented before that when I rewrote the i/o supervisor for the disk engineering and product tests labs ... part of the effort was to also show exceedingly short redrive latency ... come as close as possible as the theoritical SSCH with dedicated hardware just using standard 370 software.
Note that the disk labs had been running their mainframes "stand-alone"
for disk testing, scheduled 7x24 around the clock. They had tried doing
testing under MVS but the system had 15min MTBF (requiring manual
restart). I offered to rewrite i/o supervisor to make it bullet proof
and never fail ... downside was that they then increasingly tried to
drag me into playing disk engineer
https://www.garlic.com/~lynn/subtopic.html#disk
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 25 Nov 2014 Subject: The Watchdog that Didn't Bark ... Again Blog: Google+re:
The Watchdog that Didn't Bark ... Again
https://www.linkedin.com/pulse/article/20141125181723-20494629-the-watchdog-that-didn-t-bark-again
there are several threads here.
#2 on times list of those responsible for the economic mess; behind
GLBA, repeal of Glass-Steagall (enabling too big to fail, too big
to prosecute, and too big to jail), and preventing CDS from being
regulated
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
characterized as favor to ENRON. When head of CFTC proposes regulating CDS, the other regulators gang up and have her replaced with "#2's" wife
http://www.nytimes.com/2008/11/17/business/17grammside.html
from above:
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
from above:
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
from above:
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
above also refers to lots of stuff was allowed to be carried
off-book. Note just the four largest too big to fail were still
carrying $5.2T in toxic assets off-book the end of 2008 (the TARP
$700B appropriated for purchase of toxic assets was pure fabrication).
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
In the wake of ENRON, congress passes Sarbanes-Oxley; the rhetoric on the floor of congress was that it would prevent another ENRON and guarantee executives and auditors do jail time for fraudulent financial reports; however it requires SEC to do something (jokes at the time was that SOX was actually full-employment gift to the audit industry). Possibly because even GAO didn't think SEC was doing anything, it starts doing reports of fraudulent financial reports, even showing it increases after SOX (and nobody doing jail time).
Securitized mortgages had been used during the S&L crisis to obfuscate fraudulent mortgages. In the late 90s, we were asked to look at improving the integrity of the supporting documents (in securitized mortgages) as countermeasure. However, wallstreet hits on paying the rating agencies to give triple-A ratings to toxic CDOs (even when both the sellers and the rating agencies know they aren't worth triple-A, from testimony in the Oct2008 congressional hearings into the role the rating agencies played in the economic mess).
Triple-A rating trumps supporting documents, enabling no-documentation
liar loans (and with no documentation, there is no longer any issue of
supporting documentation integrity). Over $27T is done during the
economic mess
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=a0jln3.CSS6
Note SOX also called for SEC to do something about the rating agencies ... but little or nothing appears to have been done there either.
Wallstreet also finds that they can leverage unregulated CDS; they create toxic CDOs designed to fail, pay for triple-A rating, sell them to their clients, and make CDS gambling bets that the toxic CDOs will fail. This also enormously increases the demand specifically for no-documentation liar loans that will fail (and to generate them as fast as possible with little or no oversight)
From the law of unintended consequences, the no-documentation liar
loans also results too big to fail setting up document fabrication
mills turning out fraudulent/missing documents required for
foreclosures.
http://www.cbsnews.com/news/mortgage-paperwork-mess-next-housing-shock/
Note also, the congressional Madoff hearings had the person that tried unsuccessfully for a decade to get SEC to do something about Madoff.
posts mentioning Glass-Steagall:
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
posts mentioning toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
posts mentioning fed chairman(s)
https://www.garlic.com/~lynn/submisc.html#greenspan
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
posts mentioning sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
posts mentioning fraudulent financial reporting
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
posts mentioning Madoff
https://www.garlic.com/~lynn/submisc.html#madoff
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: SD? Newsgroups: alt.folklore.computers, alt.sys.pdp8 Date: Wed, 26 Nov 2014 08:59:52 -0800Peter Flass <peter_flass@yahoo.com> writes:
from above ("react" reference is to clone controllers):
IBM tried to react by launching a major project called the 'Future
System' (FS) in the early 1970's. The idea was to get so far ahead
that the competition would never be able to keep up, and to have such
a high level of integration that it would be impossible for
competitors to follow a compatible niche strategy. However, the
project failed because the objectives were too ambitious for the
available technology. Many of the ideas that were developed were
nevertheless adapted for later generations. Once IBM had acknowledged
this failure, it launched its 'box strategy', which called for
competitiveness with all the different types of compatible
sub-systems. But this proved to be difficult because of IBM's cost
structure and its R&D spending, and the strategy only resulted in a
partial narrowing of the price gap between IBM and its rivals.
... snip ...
past FS posts
https://www.garlic.com/~lynn/submain.html#futuresys
there were jokes about other (IBM) organizations producing hardware to the SNA specifications and they didn't work ... the only standard for SNA was what the communication group shipped ... which might have little to do with what was said in the official SNA documents (even inside IBM, interoperability required lots of reverse engineering and trial&error).
I've periodically referred to 3274/3278 having much worse interactive characteristics than 3272/3277 ... in part because they moved a lot of hardware from the (3278) terminal (reducing cost of manufacturing) back into the shared controller (greatly increased response time and latencies along with increase in amount of protocol chatter on the coax cable). early 3274 controllers also were subject to hanging requiring somebody to go over and do manual reset.
Work in the disk engineering lab and redoing I/O supervisor to be bullet proof and never fail, uncovered that if you executed CLRIO/HDV instruction sequence for every 3274 subchannel address in tight loop (with no other intervening operations), the 3274 would do a re-IMPL (reboot).
posts mentioning doing I/O supervisor rewrite and getting to play disk
engineer
https://www.garlic.com/~lynn/subtopic.html#disk
I've mentioned before that in the aftermath of the FS failure, there
was mad rush to get products back into the 370 pipeline ... part of
this was kicking off 303x and 370/xa(3081) in parallel. some other
reference here.
http://www.jfsowa.com/computer/memo125.htm
part of the 303x effort was taking the integrated channels from 370/158 and packaging it as the 303x channel director (w/o the 370 microcode). The 3031 was then two 370/158 engines, one with only the 370 microcode and one with only the integrated channel microcode. A 3032 was 168-3 reconfigured to work with one or more 303x channel directors.
When product test lab first got an early 3033 engineering model (typically disk test got the 3rd or 4th working engineering machine to start disk testing) ... had problems with the 303x channel director hanging, requiring manual reset (re-impl/reboot). This was aggrevated by some of the test devices might deviate from channel specification. Discovered that if you did a CLRCH instruction to every channel address on 303x channel director in tight loop w/o any other intervening operation, it would do a re-IMPL (reboot).
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 10:43:06 -0800Roger Blake <rogblake@iname.invalid> writes:
Now it turns out that something similar happened after the crash of '29 ... and supposedly one of Bernankes qualifications for fed chairman was expert on what happened in the 30s.
posts mentioning Fed chairman
https://www.garlic.com/~lynn/submisc.html#bernanke
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
there have been recent articles about what trivial amounts that have been trickling down have more than offset by the trillions that have trickling up.
other instance ... is congress enormously increased tax loopholes last
decade for the special interests ... including lots of way of tax
avoidance with offshoring money. however, 2009 IRS had press that it was
going after 52,000 wealthy americans that owed $400B in taxes
(illegally, over and above all the legal ways of) hiding money offshore.
Then in 2011, there was news items that the new house in congress was
voting to eliminate IRS funding to go after those taxes ... a couple
recent references:
https://www.garlic.com/~lynn/2014c.html#98 Credit Suisse 'cloak-and-dagger' tactics cost US taxpayers billions
https://www.garlic.com/~lynn/2014g.html#58 Credit Suisse, BNP Paribas at Risk of Criminal Charges Over Taxes, Business With Banned Nations
https://www.garlic.com/~lynn/2014g.html#100 After the Sun (Microsystems) Sets, the Real Stories Come Out
past posts mentioning tax avoidance, tax evasion, tax havens
(including references to estimate that there are somewhere between
$21T and $30T stashed offshore)
https://www.garlic.com/~lynn/submisc.html#tax.evasion
one of the unintended side-effects of the missing tax revenue is drastic
cut in funds for maintaining basic infrastructure services ... estimates
that basic infrastructure deficit is now several trillion ... just to
have basic services needed by both public and business.
http://www.sanders.senate.gov/newsroom/recent-business/war-on-jobs
from above:
The American Society of Civil Engineers estimates that it would cost
$3.6 trillion to bring our nation's infrastructure to a state of good
repair. Spending $1 trillion would create about 13 million jobs.
"The choice is clear," Sanders said. "Let's rebuild America and create
jobs here."
... snip ...
Volcker was talking to civil engineering professor about the
disappearing civil engineering programs at universities. the long term
lack of infrastructure spending has resulted in no jobs, and no jobs has
resulted in no students (and with no students, they were dropping the
civil engineering programs). many of the stimulus funding projects had
to hire chinese civil engineering firms; from Confidence Men: Wall
Street, Washington, and the Education of a President pg290:
Well, I said, 'The trouble with the United States recently is we spent
several decades not producing many civil engineers and producing a
huge number of financial engineers. And the result is s*tty bridges
and a s*tty financial system!'
... snip ..
recent posts mentioning volcker:
https://www.garlic.com/~lynn/2013.html#21 AIG may join bailout lawsuit against U.S. government
https://www.garlic.com/~lynn/2013c.html#19 More Whistleblower Leaks on Foreclosure Settlement Show Both Suppression of Evidence and Gross Incompetence
https://www.garlic.com/~lynn/2013c.html#42 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013c.html#55 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013e.html#8 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013f.html#30 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013o.html#48 Citigroup is the Real Reason We Need the Volcker Rule
https://www.garlic.com/~lynn/2014b.html#43 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014i.html#33 War or Jobs
https://www.garlic.com/~lynn/2014j.html#105 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014k.html#80 HP splits, again
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 12:06:05 -0800"Osmium" <r124c4u102@comcast.net> writes:
it isn't one guy setting up phony business offshore ... but $21T-$30T that is estimated to have disappeared offshore impacting both federal and state revenue (all but few states tax revenue). Even purely local operations have become increasingly dependent on both state and federal revenue (not just local property and sales taxes).
the volcker comment was not only that infrastructure failures were unintended consequences of lack of funding ... but also lack of infrastructure projects resulted in lack of civil engineering jobs ... resulting in dropping civil engineering programs at universities. the previous post referenced estimate of long term $3.6T deficit/debt in infrastructure spending.
One of the comments that water mains and sewers have been particularly subject to "deferred" maintenance ... since they aren't visible ... when it comes to prioritize funding when there isn't enough money to go around, ... choose things that have highest visibility ... and things that were built for 50yr lifetown can hang on for another 10-20 years when it is somebody else's problem.
quicky search for failing infrastructure, bridge, water, etc
America's Failing Infrastructure: A Scary Picture
http://www.kiplinger.com/article/business/T019-C000-S005-america-s-failing-infrastructure-a-scary-picture.html
summary from above for bridges, highways, dams, schools, ports, drinking water, electric grid
others
Caution Ahead: Overdue Investments for New York's Aging Infrastructure
https://nycfuture.org/research/publications/caution-ahead
Thousands of U.S. bridges vulnerable to collapse
http://www.cbsnews.com/news/thousands-of-us-bridges-vulnerable-to-collapse/
Report Card for America's Infrastructure
http://www.infrastructurereportcard.org/
21 Facts About America's Decaying Infrastructure That Will Blow Your
Mind
http://theeconomiccollapseblog.com/archives/21-facts-about-americas-failing-infrastructure-that-will-blow-your-mind
U.S. Infrastructure gets D+ in annual report
http://www.washingtonpost.com/local/trafficandcommuting/us-infrastructure-gets-d-in-annual-report/2013/03/19/c48cb010-900b-11e2-9cfd-36d6c9b5d7ad_story.html
Crisis in America: a crumbling infrastructure
http://www.cnbc.com/id/101214258
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 12:50:21 -0800re:
state income tax returns typically take some percent of the federal
adjusted earnings. many states will also have some additional percent
for local county and city govs. quicky web search
https://www.nfc.usda.gov/publications/Tax_Formulas/State_City_County/State_City_County.html
offshoring trillions can hide huge amount from city, county, state, and federal taxes
at the federal level, the baseline budget under the fiscal
responsibility act (required spending not exceed revenue) had all
federal debt gone by 2010. In 2002, congress let the fiscal
responsibility act expire and appeared to go crazy.
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
in the middle of the last decade, the comptroller general was
including in speeches that nobody in congress was capable of
middle school arithmetic (based on how they were savaging the
budget)
https://www.garlic.com/~lynn/submisc.html#comptroller.general
In 2010, CBO had report that tax revenue had been reduced by $6T and spending had been increased by $6T ... for a $12T budget gap (compared to baseline), which has sinced increased to $17+T debt.
Also, $2+T of the increase for DOD, $1+T for the two wars and $1+T that
couldn't be accounted for ... somehow managed to disappear into the
military-industrial-congressional complex
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
Note that late 90s, congress passed legislation that required all federal agencies pass annual financial audits ... something that the DOD has never been able to do. There is some speculation, that possibly in 2017, DOD might be able to pass a financial audit (20yrs after requirement, don't hold your breath). Even audits of the $1+T appropriated for the two wars show lots of dubious&questionable spending. In addition there was also significant non-DOD spending associated with the two countries that appears to also have been pocketed.
GAO has identified at least $60B wasted/fraud in Iraq and possibly another $60B in Afghanistan ... nearly enough to build 4 aircraft carriers.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 14:25:34 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
and on the MICC aircraft carrier side
GAO report savages Navy's new aircraft carrier
http://www.stripes.com/news/navy/gao-report-savages-navy-s-new-aircraft-carrier-1.239569
$13B Navy carrier to be delivered late, incomplete and at higher cost
http://www.washingtonpost.com/business/economy/13b-navy-carrier-to-be-delivered-late-incomplete-and-at-higher-cost/2014/11/21/290a1b46-71af-11e4-893f-86bd390a3340_story.html
the other issue is that the military has spent huge amounts for industry big ticket items with enormous cost overruns and had to neglect other things like ASW.
The recent carrier group wargames had undetected sub taking out the
carrier every time. The prediction is that the carriers are so costly
and so vulnerable that the military will be increasingly adverse to
exposing them to conflict situations where they might be endangered.
https://www.garlic.com/~lynn/2014.html#66 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014i.html#46 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014m.html#47 LEO
the next generation carrier aircraft have reduced range ... with the increasing need to keep the carrier at further distances, out of harms way and the declining aircraft range ... any sort of mission will require extensive shifts to in-flight refueling (there was recent article that the new carrier drones need to be adapted to refueling capability).
there is increasing speculation that the age of big flattops are now where the big battleships were at entry to WW2 ... about to find themselves obsolete.
MICC
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 17:30:14 -0800"290jkl" <290jkl@nospam.com> writes:
quicky search carrier group asymmetric threat ... includes swarms of inexpensive boats and missiles
low-tech small boat swarms
http://www.popularmechanics.com/technology/military/planes-uavs/new-airborne-defense-against-small-swarming-boats-12175104
from above:
In a then-classified 2002 war game called Millennium Challenge, the Red
Team, commanded by Lt. Gen. Paul Van Riper, sent waves of small boats,
some loaded with explosives, to overwhelm the defenses of the Blue Team,
representing the U.S. Navy. The results were grim. Blue Team lost 16
major warships -- including a carrier. But the game was immediately
restarted and Blue Team was eventually declared the winner.
... snip ...
also
http://www.usni.org/magazines/proceedings/2010-01/fortress-sea-carrier-invulnerability-myth
http://www.washingtoninstitute.org/policy-analysis/view/irans-doctrine-of-asymmetric-naval-warfare
http://www.defenseone.com/ideas/2013/08/forget-second-carrier-time-rethink-fifth-fleet-persian-gulf/68633/
http://www.boston.com/bostonglobe/ideas/articles/2009/04/19/the_smaller_faster_cheaper_future_of_sea_power/
http://www.cato.org/pubs/pas/pa134.html
https://geopolicraticus.wordpress.com/2010/04/20/the-political-context-of-striking-a-carrier/
as an aside, van riper has been known to show up at boyd gatherings
https://www.garlic.com/~lynn/subboyd.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 26 Nov 2014 Subject: Companies on trial: are they 'too big to jail'? Blog: Financial Crime Risk, Fraud and SecurityCompanies on trial: are they 'too big to jail'?; Brandon Garrett asks whether America's legal system has swung too far towards rehabilitation at the expense of deterrence and punishment
"Rehabilitation" would include at least doing something about repeat offenders, paying a (relatively) small fine every time just becomes license to steal.
The New York Times Thinks Jailing Banksters Would Cause a "Bind"
http://www.nakedcapitalism.com/2014/11/bill-black-new-york-times-thinks-jailing-banksters-cause-bind.html
from above:
Even Professor Cochrane, the U. Chicago economist that detests
regulation, now admits that runs cause financial crisis and that runs
are typically driven by fraud. "Not for nothing have most runs been
sparked by an accounting scandal or fraud." There is nothing more
destabilizing to a financial system than fraud by elite bankers that
is immunized by their political allies.
How long will it take Dealbook to report Dudley's confession about the
Obama administration's refusal to prosecute crimes by large banks and
senior bankers and its purported recent decision to end that refusal?
... snip ...
too big to fail, too big to prosecute, too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
William K. Black
https://en.wikipedia.org/wiki/William_K._Black
http://neweconomicperspectives.org/category/william-k-black
How NPR Was Conned by Geithner into Censoring My Criticisms
http://neweconomicperspectives.org/2014/11/npr-conned-geithner-censoring-criticisms.html
Dudley Do Wrong Rejects Being a "Cop" and Embraces "Foaming the
Runways"
http://neweconomicperspectives.org/2014/11/dudley-wrong-rejects-cop-embraces-foaming-runways.html
Note to Dudley: Everyone Questions the NY Fed's Motives - For Good
Reasons
http://neweconomicperspectives.org/2014/11/note-dudley-everyone-questions-ny-feds-motives-good-reasons.html
Cochrane Demands that the Public Unilaterally Disarm while the
Banksters Loot
http://neweconomicperspectives.org/2014/11/cochrane-demands-public-unilaterally-disarm-banksters-loot.html
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: OT: article on foreign outsourcing Newsgroups: alt.folklore.computers Date: Wed, 26 Nov 2014 20:06:32 -0800Walter Banks <walter@bytecraft.com> writes:
'Cloak' could make heat, static invisible in electronics
http://www.computerworld.com/article/2850991/cloak-could-make-heat-static-invisible-in-electronics.html
Tianhe-2
https://en.wikipedia.org/wiki/Tianhe-2
... and recent mention of infrastructure projects in the us needing
chinese companies
https://www.garlic.com/~lynn/2014m.html#75 LEO
https://www.garlic.com/~lynn/2014m.html#76 LEO
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Thu, 27 Nov 2014 10:22:43 -0800Peter Flass <peter_flass@yahoo.com> writes:
extreme asymmetric ... defending relatively few multi-billion dollar vessels against attacks that can run a few million.
swarms can still overwelm ... when it has upgrade in 2019
https://en.wikipedia.org/wiki/Phalanx_CIWS
from above:
Another system upgrade is the Phalanx 1B Baseline 2 radar to improve
detection performance, increase reliability, and reduce maintenance. It
also has a surface mode to track, detect, and destroy threats closer to
the water's surface, increasing the ability to defend against
fast-attack boats and low-flying missiles; the Baseline 2 radar upgrade
is to be installed on all U.S. Navy Phalanx systems by FY 2019.[10] The
Block 1B is also used by other navies, such as Canada, Portugal, Japan,
Egypt, Bahrain, and the UK.[11]
... snip ...
then there are cheap missiles & drones from swarms of small boats and submersibles that have gone undetected.
One countermeasure is develop swarms of small automonous vessels as defensive screen ... but then there are issues of keeping those swarms constantly maintained and provisioned (the attacker getting to choose place and time).
note this is 13 autonomous boats used to defend against a single
attacking vessel.
https://medium.com/war-is-boring/watch-the-navys-robotic-gunboats-swarm-the-james-river-86abe382600f
some discussion of asymmetric swarms
https://medium.com/war-is-boring/iran-adds-flying-boats-and-small-copters-to-its-aerial-swarms-6c424c2747b4
military-industrial-congressional complex.
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: OT: article on foreign outsourcing Newsgroups: alt.folklore.computers Date: Thu, 27 Nov 2014 14:02:12 -0800re:
How Bloomberg's Algo-Writers Serve The Cult Of Keynesian Central Banking
http://davidstockmanscontracorner.com/how-bloombergs-algo-writers-serve-the-cult-of-keynesian-central-banking/
from above:
Needless to say, this immense explosion of credit did not disappear
quietly in the night. Instead, it funded the greatest construction and
investment boom ever recorded. That's why China produced 2.2 billion
tons of cement in 2013, for example, or 29X more than the 77 million
tons produced in the US last year. Or, even more dramatically, why it
produced more cement on an average day that year than did the UK during
the entire year!
... snip ...
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Fri, 28 Nov 2014 11:59:02 -0800re:
from thanksgiving season:
Why is the USA is Number One in Income and Wealth Inequality?
http://johnhively.wordpress.com/2014/11/28/the-usa-is-number-one-in-income-and-wealth-inequality/
Thomas Piketty is right: Income inequality is holding us back
http://www.salon.com/2014/11/27/thomas_piketty_is_right_income_inequality_is_holding_us_back_partner/
Full Show: The Long, Dark Shadows of Plutocracy
http://billmoyers.com/episode/full-show-long-dark-shadows-plutocracy/
Is US Senator Bernie Sanders the Man to Lead a Political Revolution
for the 99 Percent?
http://johnhively.wordpress.com/2014/11/28/is-us-senator-bernie-sanders-the-man-to-lead-a-political-revolution-for-the-99-percent/
somebody just posted this on facebook:
Not Just Cannibalism: Seven Ways Colonial Jamestown Was a Living Hell
http://www.thedailybeast.com/articles/2013/05/02/jamestown-settlers-were-cannibals-and-more-reasons-the-colony-was-hell.html
i responded with
"Why Nations Fail" discusses Spanish conquest of the new world which was
plunder and enslave the local population (and keeping them at
subsistence level). It compares it with the English in early 1600s for
Jamestown in Virginia. Jamestown almost starved the first two years
because they originally sent over skills oriented to plundering and
enslaving the local population (hoping to emulate the Spanish model, but
local conditions didn't cooperate). Virginia, Maryland and Carolina then
changed the strategy to sending over large numbers of enslaved
Englishman; somewhat feudal, the "leet-men" had no rights, pg27:
The clauses of the Fundamental Constitutions laid out a rigid social
structure. At the bottom were the "leet-men," with clause 23 noting,
"All the children of leet-men shall be leet-men, and so to all
generations."
... snip ...
posts mentioning inequality
https://www.garlic.com/~lynn/submisc.html#inequality
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Economic Failures of HTTPS Encryption Newsgroups: alt.folklore.computers Date: Sat, 29 Nov 2014 10:41:05 -0800also Google+
Economic Failures of HTTPS Encryption
https://www.schneier.com/blog/archives/2014/11/economic_failur.html
Long ago and far away we were brought into small client/server startup that wanted to payment transactions on their server; they had also invented this technology called SSL they wanted to use; the result is now frequently called "electronic commerce".
As part of the effort we did walk thru of many of these new operations called "certification authorties" that were selling things called SSL digital certificates. We established several requirements for operation and deployment ... but almost immediately several were discarded/ignored which account for numerous vulnerabilities and exploits that continue to this day.
The "SSL" would be used for two different operations ... between the
client and server and also between server and the internet gateway that
interfaced to the payment networks. I had absolute authority over the
server/gateway (but could only make recommendations about the
client/server part). For the server/gateway, I required mutual
authentication ... which didn't exist at the start, and several other
features. By the time it was over, SSL digital certificates were
redundant and superfluous, they only continued to be used
because of the crypto software library that was being used.
https://www.garlic.com/~lynn/subnetwork.html#gateway
past posts mentioning SSL digital certificates ... including several
references about they were comfort certificates (primarily just
providing sense of comfort for the public)
https://www.garlic.com/~lynn/subpubkey.html#sslcerts
reference to work on public key technology that doesn't require digital
certificates (AADS share some number of the features with "public key
pinning" referenced in comments to above article)
https://www.garlic.com/~lynn/x959.html#aads
reference to work on end-to-end payment standard that used public key
crypto for integrity (but doesn't require digital certificates)
https://www.garlic.com/~lynn/x959.html#x959
posts about digital certificates in the payment environment, besides
being redundant and superfluous, a major deterrent to being used
end-to-end, was that they represented a 100 times payload bloat
https://www.garlic.com/~lynn/subpubkey.html#bloat
comments also reference DNSSEC ... past posts referencing DNSSEC
being catch-22 to the SSL digital certificate industry
https://www.garlic.com/~lynn/subpubkey.html#catch22
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Economic Failures of HTTPS Encryption Newsgroups: alt.folklore.computers Date: Sat, 29 Nov 2014 16:23:22 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
public key pinning draft
https://tools.ietf.org/html/draft-ietf-websec-key-pinning-21
by the time I was done with extending SSL for the ecommerce webserver to
payment gateway ... I had mutual authentication and all authorized
webserver public keys preregistered at the gateway ... and the
authorized gateway public key preregistered at the webservers
(effectively "pinning")
https://www.garlic.com/~lynn/subnetwork.html#gateway
... and the digital certificates were redundant and superfluous
... purely artifact of the SSL software library being used.
https://www.garlic.com/~lynn/subpubkey.html#sslcerts
there was some initial straight-line application code written ... but in early pilot deployment there was trouble call about not being able to connect ... after 3hrs was closed as "no trouble found" (trouble desk not being able to see or do anything).
I then spec'ed everything that had to be done to make it industrial strength (up until that time, for non-internet, the trouble desk had requirement of 5min elapsed time to do 1st level problem determination). I've periodically commented in the past that it typically takes 4-10 times the effort to take straight-line application and turn it into industrial strength "service".
past posts referencing the 4-10 times effort observation
https://www.garlic.com/~lynn/2003g.html#62 IBM says AMD dead in 5yrs ... -- Microsoft Monopoly vs. IBM
https://www.garlic.com/~lynn/2004b.html#48 Automating secure transactions
https://www.garlic.com/~lynn/2004l.html#49 "Perfect" or "Provable" security both crypto and non-crypto?
https://www.garlic.com/~lynn/2006n.html#20 The System/360 Model 20 Wasn't As Bad As All That
https://www.garlic.com/~lynn/2007f.html#37 Is computer history taught now?
https://www.garlic.com/~lynn/2007h.html#78 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007n.html#77 PSI MIPS
https://www.garlic.com/~lynn/2007o.html#23 Outsourcing loosing steam?
https://www.garlic.com/~lynn/2007p.html#54 Industry Standard Time To Analyze A Line Of Code
https://www.garlic.com/~lynn/2008e.html#41 IBM announced z10 ..why so fast...any problem on z 9
https://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
https://www.garlic.com/~lynn/2008n.html#35 Builders V. Breakers
https://www.garlic.com/~lynn/2009.html#0 Is SUN going to become x86'ed ??
https://www.garlic.com/~lynn/2011i.html#27 PDCA vs. OODA
https://www.garlic.com/~lynn/2011k.html#67 Somewhat off-topic: comp-arch.net cloned, possibly hacked
https://www.garlic.com/~lynn/2012d.html#44 Faster, Better, Cheaper: Why Not Pick All Three?
https://www.garlic.com/~lynn/2014f.html#13 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#25 Before the Internet: The golden age of online services
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Death of spinning disk? Newsgroups: bit.listserv.ibm-main Date: 30 Nov 2014 10:07:14 -0800sipples@SG.IBM.COM (Timothy Sipples) writes:
Said another way, it is the relative system costs that matter (and how it contributes to total system throughput).
I've periodically mentioned starting to observe in the 70s that disks were increasingly becoming the bottleneck in overall system throughput. In the early 80s, I wrote a paper claiming that disk's relative system throughput had declined by an order of magnitude over the previous 15yrs ... systems got 40-50 times faster while disks got only 4-5 times faster. Disk division executives took exception and assigned the division performance group to refute the statement ... after a couple weeks they came back and effectively said that I had slightly understated the problem. The analysis is then respun and turns into a SHARE presentation on how to optimize disk for system throughput.
About the same time there were issues about how datacenter executives view disk costs based on pure price/megabyte ... they would insist on filling the (new) 3380 disk drives completely full of data ... or otherwise they were "wasting" money having half empty 3380s. The issue was having extra data filling 3380s interferred with disk arm optimization and accesses for high used data ... degrading overall system throughput (to save a couple dollars per megabyte on disk they were willing to sacrifice degraded system throughput of system that overall ran to tens of millions). There was a semi-facetious proposal floating at SHARE that IBM announce a special high-performance 3380 that was much "smaller", "faster" and "more expensive" than standard 3380 disk (with much higher cost/megabyte) that would boost overall system throughput. In reality it was just a 3880 microcode load that restricted arm access to only 1/3rd the cylinders. This was something that a datacenter executive could do all on their own with standard 3380 at less cost ... but many appeared to be unable to make that leap.
There is recent thread in comp.arch newsgroup about memory being the new disk and disk being the new tape. If memory & disk access latencies are measured in number of processor cycles ... the current latency for memory access measured in number of modern day processor cycles then is on the same order of 60s disk access latency when measured in 60s processor cycles.
SSD then might be considered closer to fast tape. But for systems that are fully utilized and disk throughput is bottleneck factor for overall system throughput ... then spending thousands of dollars on more expensive disks might gain several percent increased total system throughput (for overall datacenter that runs several tens of millions, especially factoring in total datacenter costs, hardware, cooling, building, people, etc). Having large controller caches and using memory for keeping large amount of high use information ... complicates the analysis.
some recent posts mention SHARE B874 (disk performance group respun analysis)
https://www.garlic.com/~lynn/2011.html#35 CKD DASD
https://www.garlic.com/~lynn/2011.html#61 Speed of Old Hard Disks
https://www.garlic.com/~lynn/2011e.html#1 Multiple Virtual Memory
https://www.garlic.com/~lynn/2011g.html#59 Is the magic and romance killed by Windows (and Linux)?
https://www.garlic.com/~lynn/2011p.html#5 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#32 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012b.html#73 Tape vs DASD - Speed/time/CPU utilization
https://www.garlic.com/~lynn/2012e.html#39 A bit of IBM System 360 nostalgia
https://www.garlic.com/~lynn/2012o.html#62 ISO documentation of IBM 3375, 3380 and 3390 track format
https://www.garlic.com/~lynn/2013m.html#72 'Free Unix!': The world-changing proclamation made 30 years agotoday
https://www.garlic.com/~lynn/2014b.html#49 Mac at 30: A love/hate relationship from the support front
https://www.garlic.com/~lynn/2014l.html#90 What's the difference between doing performance in a mainframe environment versus doing in others
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Death of spinning disk? Newsgroups: bit.listserv.ibm-main Date: 30 Nov 2014 10:48:26 -0800re:
Want a 100TB disk drive? You'll have to wait 'til 2025; Heated Dot
Magnetic Recording combines future technologies for a 10X capacity
improvement
http://www.computerworld.com/article/2852233/want-a-100tb-disk-drive-youll-have-to-wait-til-2025.html
100 TB HDDs and A New Spin on Storage
http://www.forbes.com/sites/tomcoughlin/2014/11/22/100-tb-hdds-and-a-new-spin-on-storage/
note that at the SSD high-end ... they have much greater throughput compared to those targeted at the PC market (several thousand per tbyte to a couple hundred pere tbyte)
What is the Largest SSD Available in 2014? (Hint: solid state drives are
getting BIG!)
http://www.zagg.com/community/blog/what-is-the-largest-ssd-solid-state-drive-available/
Samsung 3D V-NAND Technology Supercharges Brand New SSD 850 PRO Series
http://www.forbes.com/sites/marcochiappetta/2014/06/30/samsung-3d-v-nand-technology-supercharges-brand-new-ssd-850-pro-series/
Samsung wants to kill hard drives with new high-efficiency SSDs
http://www.engadget.com/2014/10/09/samsung-tlc-v-nand-ssd/
Best SSDs For The Money: November 2014
http://www.tomshardware.com/reviews/ssd-recommendation-benchmark,3269.html
see the read&write IOPS ratings for disk & SSDs (top is Fusion-io SSD
with over 9M IOPS)
https://en.wikipedia.org/wiki/IOPS
I've periodically referenced the published mainframe max/peak I/O
throughput benchmark that was able to get 2M IOPS on z196 (I've yet to
see something equivalent for EC12 ... although indirect reference says
EC12 should have 30% higher I/O throughput than z196 ... maybe 2.6M
IOPS). That peak I/O benchmark used 104 FICONS (to achieve 2M IOPS).
... I've mentioned before about the same time there was a FCS announced
for e5-2600 claiming over million IOPS (for single FCS) ... aka my theme
that FICON is a heavy duty protocol layer on top of FCS that drastically
cuts the native FCS throughput ... some past posts
https://www.garlic.com/~lynn/submisc.html#ficon
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 01 Dec 2014 10:24:33 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
while retrofitting phalanx with radar to handle fast-attack boats and low-flying missiles is being scheduled 2019 .... they are also starting to deploy lasers (presumably with similar radar to handle swarms of surface level attacks).
Navy deploys first anti-drone laser weapon in Persian Gulf
http://defensesystems.com/articles/2014/12/01/navy-deploys-laws-laser-weapon.aspx
from above:
Navy officials have touted the system as an "extremely affordable,
multi-mission weapon" since it can be fired as long as electrical power
is available. It would also eliminate the need to carry propellants and
explosives aboard warships.
The laser system also gives crews the "ability to control a laser
weapon's output and perform actions ranging from non-lethal disabling
and deterrence all the way up to destruction," program official
stressed.
... snip ...
the article goes on to describe how it is much more economical in handling asymmetric attacks
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Is IBM Suddenly Vulnerable To A Takeover? Date: 01 Dec 2014 Blog: Facebookre:
Can't find the original endicottalliance reference ... quick search of
web turns up this:
http://www.todaysengineer.org/2011/Nov/Pensions.asp
from above:
In 1987, the Financial Accounting Standards Board issued standard FAS
87 which provided for the treatment of excess funds in pension funds
to be treated as income, paper gains that appear to increase
earnings. In 1999 IBM reduced its pension obligation by $450 million
-- an amount it could (and did) add to income over years or all at
once. It took $200 million of these gains in 1999.
Pensions were often adversely affected by bankruptcy. Even though a
government agency -- the Pension Benefit Guaranty Corporation (PBGC)
-- backstops pension payouts in the event of corporate bankruptcy, it
has low limits and covers only IRS-qualified pension plans, not
including early retirement subsidies. When Delta Air Lines filed for
bankruptcy in 2005 it terminated the pension plan for 5,500
pilots. One retired pilot found his monthly pension of $1,939 reduced
to $95 per month. Supplemental pension plans are not covered at
all. Another pilot lost $7,000 per month in a supplemental pension and
$1,197 from the regular pension plan.
... snip ...
When the company was going into the red and preparing for breakup into the 13 "baby blues", somebody in the bowels of Armonk ask us to analyse all the DOUs/MOUs for contractual interdependence (exp: one division is relying on supplier contract held by another division) ... then the board brought into new CEO and reversed the breakup decision before we got started. They later related how the 470+ or so top executives spent nearly whole year shifting expenses from the following year into current year (at the time there was lots complaints about execs not paying attention to business), with the result the following year was barely in the black. The way the executive bonus plan was written, they got more than twice the largest previous bonus ... effectively made more money taking the company into the red.
... aka lots of entities have been increasingly using gaming theory to investigate how to maximize their personal gain
recent post mentioning being asked to work on interdivision agreements
in the case of breaking up the company
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
other recent posts mentioning early 90s plan that would break IBM into
13 "baby blues":
https://www.garlic.com/~lynn/2014.html#47 McCain: Send Petraeus back to Iraq
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#97 Santa has a Mainframe!
https://www.garlic.com/~lynn/2014b.html#15 Quixotically on-topic post, still on topic
https://www.garlic.com/~lynn/2014b.html#81 CPU time
https://www.garlic.com/~lynn/2014b.html#83 CPU time
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014c.html#69 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#93 Curious observation: lack of a simple optimization in a C program
https://www.garlic.com/~lynn/2014d.html#8 Microsoft culture must change, chairman says
https://www.garlic.com/~lynn/2014d.html#16 [OT ] Mainframe memories
https://www.garlic.com/~lynn/2014d.html#55 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2014d.html#70 Last Gasp For Hard Disk Drives
https://www.garlic.com/~lynn/2014d.html#81 Eisenhower's military-industrial warning rings truer than ever
https://www.garlic.com/~lynn/2014e.html#7 Last Gasp for Hard Disk Drives
https://www.garlic.com/~lynn/2014f.html#74 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#4 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#68 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014i.html#37 Sale receipt--obligatory?
https://www.garlic.com/~lynn/2014i.html#58 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014j.html#93 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014l.html#50 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014m.html#61 Decimation of the valuation of IBM
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 02 Dec 2014 10:44:57 -0800hancock4 writes:
I've also mentioned before that one of the original too big to fail outsourced their Y2K remediation to the lowest bidder ... they didn't find out until afterwards that it was front for criminal organization ... and eventually found some interesting hacks that allowed unrecorded wire-transfers of large sums to offshore financial institutions.
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
past posts mentioning Y2K:
https://www.garlic.com/~lynn/99.html#21 Roads as Runways Was: Re: BA Solves Y2K (Was: Re: Chinese Solve Y2K)
https://www.garlic.com/~lynn/99.html#22 Roads as Runways Was: Re: BA Solves Y2K (Was: Re: Chinese Solve Y2K)
https://www.garlic.com/~lynn/99.html#23 Roads as Runways Was: Re: BA Solves Y2K (Was: Re: Chinese Solve Y2K)
https://www.garlic.com/~lynn/99.html#24 BA Solves Y2K (Was: Re: Chinese Solve Y2K)
https://www.garlic.com/~lynn/99.html#27 Roads as Runways Was: Re: BA Solves Y2K (Was: Re: Chinese
https://www.garlic.com/~lynn/99.html#44 Internet and/or ARPANET?
https://www.garlic.com/~lynn/99.html#78 Mainframes Relevant?
https://www.garlic.com/~lynn/99.html#214 Ask about Certification-less Public Key
https://www.garlic.com/~lynn/2000.html#0 2000 = millennium?
https://www.garlic.com/~lynn/2001.html#68 California DMV
https://www.garlic.com/~lynn/2001n.html#74 The demise of compaq
https://www.garlic.com/~lynn/2002.html#30 Younger recruits versus experienced veterans ( was Re: The demise of compa
https://www.garlic.com/~lynn/2002.html#45 VM and/or Linux under OS/390?????
https://www.garlic.com/~lynn/2002j.html#20 MVS on Power (was Re: McKinley Cometh...)
https://www.garlic.com/~lynn/2002k.html#14 NASA MOC (mainframe mission operations computer) being powere d
https://www.garlic.com/~lynn/2002l.html#49 Do any architectures use instruction count instead of timer
https://www.garlic.com/~lynn/2003p.html#21 Sun researchers: Computers do bad math ;)
https://www.garlic.com/~lynn/2003p.html#33 [IBM-MAIN] NY Times editorial on white collar jobs going
https://www.garlic.com/~lynn/2004b.html#2 The SOB that helped IT jobs move to India is dead!
https://www.garlic.com/~lynn/2004e.html#22 Pre-relational, post-relational, 1968 CODASYL "Survey of Data Base Systems"
https://www.garlic.com/~lynn/2004e.html#48 Data Display & Modeling
https://www.garlic.com/~lynn/2004f.html#39 Who said "The Mainframe is dead"?
https://www.garlic.com/~lynn/2004m.html#51 stop worrying about it offshoring - it's doing fine
https://www.garlic.com/~lynn/2004n.html#11 XML: The good, the bad, and the ugly
https://www.garlic.com/~lynn/2004o.html#66 Integer types for 128-bit addressing
https://www.garlic.com/~lynn/2004q.html#8 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2004q.html#13 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005.html#20 I told you ... everybody is going to Dalian,China
https://www.garlic.com/~lynn/2005c.html#6 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005s.html#16 Is a Hurricane about to hit IBM ?
https://www.garlic.com/~lynn/2006b.html#29 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006c.html#33 Military Time?
https://www.garlic.com/~lynn/2006g.html#21 Taxes
https://www.garlic.com/~lynn/2006h.html#49 Mainframe vs. xSeries
https://www.garlic.com/~lynn/2006k.html#50 TSO and more was: PDP-1
https://www.garlic.com/~lynn/2006o.html#9 Pa Tpk spends $30 million for "Duet" system; but benefits are unknown
https://www.garlic.com/~lynn/2006q.html#54 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2006r.html#16 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2006s.html#40 Ranking of non-IBM mainframe builders?
https://www.garlic.com/~lynn/2006u.html#14 Year-end computer bug could ground Shuttle
https://www.garlic.com/~lynn/2006u.html#35 Friday fun - Discovery on the pad and the software's not done
https://www.garlic.com/~lynn/2007b.html#26 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007g.html#7 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007g.html#39 Wylbur and Paging
https://www.garlic.com/~lynn/2007h.html#10 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007l.html#18 Non-Standard Mainframe Language?
https://www.garlic.com/~lynn/2007n.html#38 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007p.html#31 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007p.html#39 India is outsourcing jobs as well
https://www.garlic.com/~lynn/2007r.html#26 The new urgency to fix online privacy
https://www.garlic.com/~lynn/2007r.html#36 Students mostly not ready for math, science college courses
https://www.garlic.com/~lynn/2007t.html#19 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007v.html#5 IPv6 vs Y2K and GOSIP
https://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008.html#73 Computer Science Education: Where Are the Software Engineers of Tomorrow?
https://www.garlic.com/~lynn/2008f.html#81 Is IT becoming extinct?
https://www.garlic.com/~lynn/2008i.html#65 How do you manage your value statement?
https://www.garlic.com/~lynn/2008l.html#38 dollar coins
https://www.garlic.com/~lynn/2008n.html#27 VMware Chief Says the OS Is History
https://www.garlic.com/~lynn/2008q.html#55 Can outsourcing be stopped?
https://www.garlic.com/~lynn/2009.html#16 Date arithmetic and Zune bug
https://www.garlic.com/~lynn/2009d.html#2 IBM 'pulls out of US'
https://www.garlic.com/~lynn/2009f.html#60 Cobol hits 50 and keeps counting
https://www.garlic.com/~lynn/2009f.html#64 Cobol hits 50 and keeps counting
https://www.garlic.com/~lynn/2009h.html#51 Cobol hits fifty
https://www.garlic.com/~lynn/2009i.html#9 Why are z/OS people reluctant to use z/OS UNIX?
https://www.garlic.com/~lynn/2009i.html#27 My Vintage Dream PC
https://www.garlic.com/~lynn/2009k.html#18 A Complete History Of Mainframe Computing
https://www.garlic.com/~lynn/2009l.html#37 Disksize history question
https://www.garlic.com/~lynn/2009m.html#79 Existence of early 360 software ( was Re: Continous Systems Modelling Package)
https://www.garlic.com/~lynn/2009n.html#53 Long parms...again
https://www.garlic.com/~lynn/2009o.html#37 Young Developers Get Old Mainframers' Jobs
https://www.garlic.com/~lynn/2009o.html#63 U.S. students behind in math, science, analysis says
https://www.garlic.com/~lynn/2009o.html#67 I would like to understand the professional job market in US. Is it shrinking?
https://www.garlic.com/~lynn/2010.html#76 y2k10 problem with credit cards in Germany
https://www.garlic.com/~lynn/2010.html#78 y2k10 problem with credit cards in Germany
https://www.garlic.com/~lynn/2010c.html#64 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#83 Senior Java Developer vs. MVS Systems Programmer
https://www.garlic.com/~lynn/2010h.html#7 computers on tv
https://www.garlic.com/~lynn/2010i.html#53 Of interest to the Independent Contractors on the list
https://www.garlic.com/~lynn/2010i.html#65 Of interest to the Independent Contractors on the list
https://www.garlic.com/~lynn/2010j.html#19 Personal use z/OS machines was Re: Multiprise 3k for personal Use?
https://www.garlic.com/~lynn/2010n.html#76 Mainframe hacking?
https://www.garlic.com/~lynn/2010n.html#78 Mainframe hacking?
https://www.garlic.com/~lynn/2010o.html#41 60 Minutes News Report:Unemployed for over 99 weeks!
https://www.garlic.com/~lynn/2010p.html#39 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2010q.html#44 Programmer Charged with thieft (maybe off topic)
https://www.garlic.com/~lynn/2010q.html#69 No command, and control
https://www.garlic.com/~lynn/2011.html#29 Looking for a real Fortran-66 compatible PC compiler (CP/M or DOSor Windows
https://www.garlic.com/~lynn/2011.html#32 CMS Sort Descending?
https://www.garlic.com/~lynn/2011.html#87 Date representations: Y2k revisited
https://www.garlic.com/~lynn/2011b.html#75 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011f.html#86 Bank email archives thrown open in financial crash report
https://www.garlic.com/~lynn/2011h.html#67 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#9 At least two decades back, some gurus predicted that mainframes would disappear in future and it still has not happened
https://www.garlic.com/~lynn/2011l.html#49 Does outsourcing cause data loss?
https://www.garlic.com/~lynn/2011n.html#18 Great Brian Arthur article on the Second Economy
https://www.garlic.com/~lynn/2011p.html#44 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011p.html#94 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011p.html#107 SPF in 1978
https://www.garlic.com/~lynn/2012b.html#63 PC industry is heading for more change
https://www.garlic.com/~lynn/2012d.html#2 NASA unplugs their last mainframe
https://www.garlic.com/~lynn/2012f.html#95 How do you feel about the fact that India has more employees than US?
https://www.garlic.com/~lynn/2012h.html#18 How do you feel about the fact that India has more employees than US?
https://www.garlic.com/~lynn/2012h.html#52 How will mainframers retiring be different from Y2K?
https://www.garlic.com/~lynn/2012h.html#54 How will mainframers retiring be different from Y2K?
https://www.garlic.com/~lynn/2012h.html#57 How will mainframers retiring be different from Y2K?
https://www.garlic.com/~lynn/2012h.html#66 How will mainframers retiring be different from Y2K?
https://www.garlic.com/~lynn/2012i.html#55 Operating System, what is it?
https://www.garlic.com/~lynn/2012i.html#90 Operating System, what is it?
https://www.garlic.com/~lynn/2013c.html#90 Query for Destination z article -- mainframes back to the future
https://www.garlic.com/~lynn/2013d.html#20 Y2K hacks
https://www.garlic.com/~lynn/2013h.html#20 How about the old mainframe error messages that actually give you a clue about what's broken
https://www.garlic.com/~lynn/2014.html#95 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014g.html#6 Epic failures: 11 infamous software bugs
https://www.garlic.com/~lynn/2014h.html#25 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014j.html#14 Super Cane's Computers run Windows
https://www.garlic.com/~lynn/2014j.html#28 R.I.P. PDP-10?
https://www.garlic.com/~lynn/2014j.html#29 Univac 90 series info posted on bitsavers
https://www.garlic.com/~lynn/2014k.html#63 LA Times commentary: roll out "smart" credit cards to deter fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 02 Dec 2014 Subject: The 10 Biggest Bank Card Hacks Blog: Financial Crime Risk, Fraud and SecurityThe 10 Biggest Bank Card Hacks
related thread in "Old Geek"
http://lnkd.in/edxtkjT
we were tangentially involved in the cal. state data breach
legislation ... having been brought in to help wordsmith the
cal. state electronic signature act.
https://www.garlic.com/~lynn/subpubkey.html#signature
references to data breach notification
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
A lot of the participants were heavily involved in privacy issues and
had done detailed, in-depth public surveys. The #1 issue was identity
theft, primarily of the form of fraudulent financial transactions as
the result of breaches and there was little or nothing being done
about the breaches. An issue is normally an entity/institution takes
security measures to protect themselves, In the case of the breaches,
the institution wasn't at risk ... it was their customers. It was
hoped that the publicity from the breach notifications would prompt
breach countermeasures.
https://www.garlic.com/~lynn/subintegrity.html#fraud
Note in the years since the cal. state breach notification act there have been numerous federal (state preemption) acts introduced ... about evenly divided between those similar to the cal. act and those that would effectively eliminate any requirement for notification
we've used a couple metaphors about the current situation
dual-use ... since information from previous transactions can be used for fraudulent transactions, that information has to be kept totally confidential and never divulged. at the same time the same information is required in dozens of business processes at millions of locations around the world. we've periodically commented that even if the planet was buried under miles of information hiding encryption, it still wouldn't stop leakage
security proportional to risk ... the value of the transaction
information to the merchants is the profit on the transactions, which
can be a couple dollars (and a couple cents for the transaction
processor) ... the value of the information to the crooks is the
account balance and/or credit limit ... as a result the crooks can
afford to outspend the defenders by a factor of 100 times.
https://www.garlic.com/~lynn/submisc.html#security.proportional.to.risk
long ago and far away, we were brought in as consultants to small
client/server startup that wanted to do payment transactions on their
server; the startup had also invented this technology called "SSL"
they wanted to use; the result is now frequently called electronic
commerce
https://www.garlic.com/~lynn/subnetwork.html#gateway
Somewhat as a result of having done "electronic commerce", we were
asked to participate in the x9a10 financial transaction working group
which had been given the requirement to preserve the integrity of
the financial infrastructure for *ALL* retail transactions ... and
we were co-authors of the resulting financial transaction standard for
*ALL* retail payments (ACH, credit, debit, POS, attended, unattended,
internet, online, etc). Note the X9A10 financial transaction standard
did nothing directly about skimming, evesdropping, or data
breaches; however it tweaked the current paradigm and eliminated
the ability of crooks to use information from previous transactions
for fraudulent transactions ... and therefor eliminated the risk and
motivation for skimming, evesdropping and data breaches. Now
the major use of SSL in the world is this earlier work we did for
electronic commerce, "hiding" transaction details, but the new
standard eliminated the necessity for hiding transaction details and
therefor also eliminated the major use of SSL in the world today.
https://www.garlic.com/~lynn/x959.html#x959
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: 5 Easy Steps to a High Performance Cluster Blog: Old Geekre:
Long ago and far way, I were asked to help with benchmark for national lab
that were looking at getting 70 4341s for compute farm ... this was on
an engineering 4341 before they had even shipped. The issue was that
4341 had drastically dropped compute price/performance. Note besides
operations using clusters of 4341s in datacenters, large corporations
were buying hundreds of 4341s at a time and placing them out in
departmental areas ... the leading edge of the distributed computing
tsunami. some old email from late 70s and early 80s
https://www.garlic.com/~lynn/lhwemail.html#4341
In the mid-80s I was working on internal project to place large number
of processor chips in racks (for compute clusters). Was also working
with the director of NSF about interconnecting the NSF supercomputing
centers. Old email about schedule conflict with meetings on compute
clusters and presenting to director of NSF on supercomputer
interconnect
https://www.garlic.com/~lynn/2011b.html#email850314
https://www.garlic.com/~lynn/2007d.html#email850315
Initially we were suppose to get $20M to interconnect the centers,
then congress cuts the budget, a few other things happen and finally
NSF releases an RFP (based on the work we had been doing). Internal
politics prevents us from bidding, the director of NSF (along with
some other agencies) tries to help by writing the company a letter 3Apr1986, NSF Director to IBM Chief Scientist and IBM Senior VP and director of Research, copying IBM CEO),
but that just makes the internal polictics worse ... as does comments
about what we already had running was at least five years ahead of all
bid responses. As regional networks hook into the centers the
interconnect morphs into the NSFNET backbone ... precursor to the
modern internet.
https://www.technologyreview.com/s/401444/grid-computing/
other old NSFNET related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
we then start a project we call High Availability Cluster Multi-Processing (HA/CMP).
https://www.garlic.com/~lynn/subtopic.html#hacmp
We are also working on cluster scale-up for both commercial
dataprocessing (with DBMS vendors) and scientific/numerical intensive
processing (with national labs). old reference to meeting in ellison's
conference room jan1992 on cluster scale-up
https://www.garlic.com/~lynn/95.html#13
other old email about cramming large number of processors in racks
https://www.garlic.com/~lynn/lhwemail.html#medusa
however within a few weeks of the Ellison meeting, the cluster scale-up
is transferred, announced as supercomputer and we are told we can't
work on anything with more than four processors. announcement was for
"scientific and technical" *only* (NO commercial) old press item from
17Feb1992
https://www.garlic.com/~lynn/2001n.html#6000clusters1
followup 11May1992
https://www.garlic.com/~lynn/2001n.html#6000clusters2
Note the mainframe DB2 (RDBMS) group had been complaining that if we had been allowed to go ahead, we would be at least five years ahead of them (which may have been factor in transferring scale-up work, restricted to non-commercial and telling us that we couldn't work with anything that had more than four processors)
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: 5 Easy Steps to a High Performance Cluster Blog: Old Geekre:
trivia x-over with two recent threads:
The Holistic Approach to Preventing Targeted Attacks
http://lnkd.in/edxtkjT
and
Five Easy Steps to a High Performance Cluster
http://lnkd.in/bUf7Fyv
two of the people in the referenced meeting in Ellison's conference
room,
https://www.garlic.com/~lynn/95.html#13
leave and join small client/server startup where they are responsible for something called "commerce server" when we are brought in as consultants because they want to do payment transactions on their server (we had also left not long after cluster scale-up was transferred)
other trivia ... some of the same people behind not allowing us to bid on the NSF RFP for interconnecting the NSF supercomputer centers, are also later involved in transfer of cluster scale-up (and not allowing us to work on anything with more than four processors)
posts mentioning ha/cmp
https://www.garlic.com/~lynn/subtopic.html#hacmp
posts mentioning NSFNET
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: 5 Easy Steps to a High Performance Cluster Blog: Old Geekre:
Other old trivia .... long ago and far away, STL lab (since renamed
SVL) was starting to burst at the seams (within a couple yrs of
opening) and were moving 300 people from the IMS (DBMS) group to
offsite bldg. They had played with "remote" 3270s and found the human
factors totally unacceptable ... especially compared to the vm370/cms
local channel attached 3270s in STL they were used to. I get con'ed
into doing support for channel extenders so they can put channel
attached 3270 controllers at the remote site (with service back to STL
bldg). The vendor then tries to get my support released to customers
... but is opposed by a group in POK that has been playing with some
serial fiber-optics and they are afraid that if it is in the market,
it will make it harder to get their stuff released. some past posts
https://www.garlic.com/~lynn/submisc.html#channel.extender
Much later, in 1988 I'm asked if I can help LLNL (same institution
that I had earlier did the 4341 benchmarks for) standardize some
serial technology they had ... which quickly morphs into fibre-channel
standard. Then POK finally gets their stuff released in 1990 (when it
is already obsolete) as ESCON with ES/9000. Later some POK engineers
become involved with fibre-channel standard and define an heavy-weight
protocol layer ontop that drastically cuts the native throughput
... eventually released as FICON ... some past posts
https://www.garlic.com/~lynn/submisc.html#ficon
In the HA/CMP period, we are using FCS as both high-speed cluster
interconnect as well as device I/O connect for cluster scale-up.
https://www.garlic.com/~lynn/lhwemail.html#medusa
Fiber Channel wiki
https://en.wikipedia.org/wiki/Fibre_Channel
about the same time we were asked to help LLNL with FCS, we also get
asked to help the SLAC people with proposal that becomes SCI
https://en.wikipedia.org/wiki/Scalable_Coherent_Interface
both of these then influence work on Future I/O and Next Generation
I/O which leads to InfiniBand
https://en.wikipedia.org/wiki/InfiniBand#History
past posts mentioning Infiniband
https://www.garlic.com/~lynn/2008p.html#61 Serial vs. Parallel
https://www.garlic.com/~lynn/2009s.html#59 Problem with XP scheduler?
https://www.garlic.com/~lynn/2010.html#41 Larrabee delayed: anyone know what's happening?
https://www.garlic.com/~lynn/2010i.html#61 IBM to announce new MF's this year
https://www.garlic.com/~lynn/2011p.html#40 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2013m.html#86 'Free Unix!': The world-changing proclamation made 30 yearsagotoday
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: Banking on Crime Blog: Financial Crime Risk, Fraud and SecurityBanking on Crime
The S&L crisis had 30,000 criminal referrals and 1,000 criminal convictions ... the economic mess last decade was 70 times larger and no convictions and/or even criminal referrals.
slightly related, wife of #2 on times list of those responsible
for the financial mess, steps down from head of CFTC (after "favour"
to ENRON with respect to regulating CDSes) and joins ENRON
board and the audit committee
https://www.garlic.com/~lynn/submisc.html#enron
also financial reporting fraud
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
UK Regulator Shocked That Slapping Banker Wrists Achieves Nothing
http://www.zerohedge.com/news/2014-12-02/uk-regulator-shocked-slapping-banker-wrists-achieves-nothing
FCA Slams Banks, Asking "Is Our Action Effective At All?"
http://blogs.wsj.com/moneybeat/2014/12/02/fca-slams-banks-asking-is-our-action-effective-at-all/
$178 Billion In Government Kickbacks: Meet The World's Biggest
Organized Crime Syndicate
http://www.zerohedge.com/news/2014-12-03/178-billion-government-kickbacks-meet-worlds-biggest-organized-crime-syndicate
from above:
Sure enough: when one is a criminal syndicate, the largest in world
history, paying litigation kickbacks in the hundreds of billions to
the government is just the cost of "doing business."
... snip ...
too big to fail, too big to prosecute and too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: Australia: Haven for Bank Control Frauds? Blog: Financial Crime Risk, Fraud and SecurityAustralia: Haven for Bank Control Frauds?
Note that there has been several articles written about mortgage industry working with the FBI to define "mortgage fraud" ... and limiting it to only applying to actions of borrowers ... and failed to have any mention of "mortgage fraud" related to actions by lenders.
The Wall Street Journal Still Refuses to Grasp Accounting Control
Fraud via Appraisal Fraud
http://neweconomicperspectives.org/2014/12/wall-street-journal-still-refuses-grasp-accounting-control-fraud-via-appraisal-fraud.html
The return of the inflated appraisal
http://seekingalpha.com/news/2156085-the-return-of-the-inflated-appraisal
Housing Fraud is Back -- Real Estate Industry Intentionally Inflating
Home Appraisals
http://www.zerohedge.com/news/2014-12-03/housing-fraud-back-%E2%80%93-real-estate-industry-intentionally-inflating-home-appraisals
Bill Black: Mortgage Appraisal Fraud is Baaack ... Because Bank Execs
Profit From It
http://www.nakedcapitalism.com/2014/12/bill-black-mortgage-appraisal-fraud-baack-bank-execs-profit.html
too big to fail, too big to prosecute and too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 03 Dec 2014 Subject: Why has human progress ground to a halt? Blog: FacebookWhy has human progress ground to a halt?
trivia ... mail/telephone order (MOTO) business processes, interchange fees, rules, etc ... were what was initially adapted for ecommerce ... aka long ago and far away we were brought into a small client/server startup that wanted to do payment transactions on their server; they had also invented this technology called "SSL" they wanted to use ... the result is now frequently called ecommerce.
posts mentioning payment gateway for ecommerce
https://www.garlic.com/~lynn/subnetwork.html#gateway
Early 80s, there started appearing articles about how MBAs were
destroying US corporate culture ... with myopic focus on quarterly
results and protecting status quo (preventing change). It had started
earlier, but MBAs helped to significantly accelerate it. For example
this talks about ACS360 in the late 60s was shutdown because
executives were afraid it would advance the state-of-the-art too fast
and they would loose control of the market. Some of the features show
up more than 20yrs later in ES/9000
https://people.computing.clemson.edu/~mark/acs_end.html
We were working on cluster scale-up for both commercial/DBMS and with
national labs for scientific and technical. This reference a meeting
in Ellison's office in Jan1992 on cluster scale-up (trivia, two of the
people referenced in the meeting, later depart and join a small
client/server startup responsible for something called the "commerce
server" where we are brought in as consultants because they wanted to
do payment transactions on the server).
https://www.garlic.com/~lynn/95.html#13
posts mentioning ha/cmp
https://www.garlic.com/~lynn/subtopic.html#hacmp
Within a few weeks of the meeting, cluster scale-up is transferred,
announced as supercomputer for scientific and technical *ONLY* and we
were told we couldn't work on anything with more than four
processors. Note before that the (mainframe) DB2 group had been
complaining that if we were allowed to proceed, it would be at least
5yrs ahead of them. some old email
https://www.garlic.com/~lynn/lhwemail.html#medusa
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 04 Dec 2014 Subject: US Debt In Public Hands Doubles Under Barack Obama Blog: FacebookUS Debt In Public Hands Doubles Under Barack Obama
CBO had 2010 report that the baseline budget had all federal debt retired by 2010 ... but congress allowed the fiscal responsibility act (required spending not exceed revenue) to expire in 2002 ... and tax revenue was cut by $6T and spending was increased by $6T for a $12T budget gap (compared to baseline budget). Report in 2010 included that little over $2T (of the $6T spending increase) went to DOD, $1+T for the two wars and $1+T that couldn't be accounted for (in 90s, congress passed law that all agencies pass annual financial audit, DOD has yet to pass one, there is some conjecture that DOD might pass a financial audit in 2017, 20yrs after the law passes). To return to baseline budget would require cutting spending by around $1T and increasing taxes by $1T ... however that still leaves the $18T debt ... which to clear over 20yr period would require increasing taxes by another $1+T/annum (debt plus interest). Note that lot of debt last decade was being sold to foreign govs (japan & china) ... but they became saturated.
fiscal responsibility act
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
"Public" presumes any non-gov, US entities (not just individuals). Note that there was over $27T in CDOs (loan backed securities) done during the bubble and end of 2008, just the four largest too big to fail were still holding $5.2T in triple-A rated toxic CDOs "off-book". The TARP $700B appropriated for buying toxic assets wouldn't come close to clearing the problem (and so was mostly fabricated facade). What kept the too big to fail from going under was large trillions in ZIRP funds provided by the Fed Reserve to the too big to fail (there was long protracted legal battle to get the FED to provide details of what it was doing). Then at one point Bernanke gets up and claims he assumed that the too big to fail would use ZIRP funds to lend to "mainstreet" ... but they didn't (they were buying US treasuries instead and making huge proft on spread between ZIRP and treasury rate) and he had no way to force them to lend to mainstreet (but he didn't stop the flow of ZIRP funds). However something similar had happened after the crash of '29 ... and supposedly one of Bernanke qualifications was being student of the '29 crash.
triple-A rated toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
too big to fail, too big to prosecute, too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
fed chairmans
https://www.garlic.com/~lynn/submisc.html#bernanke
I've semi-facetiously suggested that FED instead of providing ZIRP funds for too big to fail to buy treasuries ... that it buys all the treasuries directly at zero interest (debt then costs nothing) ... but then those too big to fail would have gone under.
Also note that despite the enormous tax loop-holes created after fiscal responsibility act was allowed to expire in 2002, there was still a lot of illegal tax evasion. In 2009, IRS claimed it was going after 52,000 wealthy americans that owed $400B in taxes for trillions illegally hidden in off-shore accounts. Then in 2011, the new congress said that it was eliminating IRS funding for going after that $400B. Since then the news has only been about several hundred millions in fines paid by foreign banks for facilitating the illegal tax evasion (none of the 52,000 doing jail time and nothing about the $400B).
tax evasion, tax avoidance, tax havens
https://www.garlic.com/~lynn/submisc.html#tax.evasion
Disclaimer: Jan2009 I was asked to HTML'ize the Pecora Hearings (30s senate hearings into the crash of '29, had been scanned fall of 2008 at the Boston Public Library) with enormous number of internal HREFs and lots of URLs between what happened then and what happened this time (comments that the new congress might have an appetite to do something). I worked on it for awhile and then got a call that it wouldn't be needed after all (some reference that capital hill was being totally buried under mounds of wallstreet money). Note that the economic mess last decade was 70 times larger than the S&L mess that had 30,000 criminal referrals and 1,000 criminal convictions .... this time there has been no criminal referrals and no convictions.
Glass-Steagall, Pecora Hearings, crash '29
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
$178 Billion In Government Kickbacks: Meet The World's Biggest
Organized Crime Syndicate
http://www.zerohedge.com/news/2014-12-03/178-billion-government-kickbacks-meet-worlds-biggest-organized-crime-syndicate
i.e. big uptic in US debt owned by the US was 1) saturation of the foreign market last decade and 2) rigged game to get the too big to fail out of the enormous ditch they had dug with illegal activity last decade (enormous new interest paying debt was needed or there was nothing to use the trillions in ZIRP funds for).
disclaimer2: mortgage backed securities had been used during the S&L crisis to obfuscate fraudulent mortgages. In the late 90s, we were asked to look at improving the integrity of supporting documents in mortgage CDOs (as countermeasure). Then the lenders found that they could pay rating agencies for triple-A rating (when both the sellers and the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearings into the role that the rating agencies played). Triple-A trumps supporting documents 1) enabling no-documentation "liar" loans, 2) no documentation eliminates any issue of supporting documentation integrity, 3) opens the market to funds restricted to "safe" investments like large pension funds ... significant factor in doing over $27T during economic mess, 4) too big to fail were purposefully creating triple-A rated toxic CDOs designed to fail, sold to their clients, and then they took out CDS gambling bets that the toxic CDOs would fail. 5) creates enormous/insatiable wallstreet appetite for no-documentation liar loans as fast as they could be generated,
from the law of unintended consequences ... no-documentation liar loans then results in the too big to fail creating the big document mills fabricating the fraudulent documents needed for foreclosures.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: OT: article on foreign outsourcing Newsgroups: alt.folklore.computers Date: Thu, 04 Dec 2014 17:16:19 -0800Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
Internal documents reveal industry 'pattern of behavior' on toxic
chemicals
http://www.publicintegrity.org/2014/12/04/16330/internal-documents-reveal-industry-pattern-behavior-toxic-chemicals
Benzene and worker cancers: 'An American tragedy' Documents lay bare
petrochemical industry's $36 million 'research strategy' on carcinogen
http://www.publicintegrity.org/2014/12/04/16320/benzene-and-worker-cancers-american-tragedy
from above:
For decades, the petrochemical industry spent millions on science
seeking to minimize the dangers of benzene, a carcinogen tied to
leukemia and other cancers.
... snip ...
sounds a lot like the tobacco industry and "merchants of doubt"
... previous posts:
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013d.html#62 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#5 Lessons Learned from the Iraq War
https://www.garlic.com/~lynn/2013e.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#7 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013h.html#41 Is newer technology always better? It almost is. Exceptions?
https://www.garlic.com/~lynn/2013i.html#89 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#59 John Boyd's Art of War
https://www.garlic.com/~lynn/2013m.html#52 Steve B sees what investors think
https://www.garlic.com/~lynn/2013m.html#80 The REAL Reason U.S. Targets Whistleblowers
https://www.garlic.com/~lynn/2014b.html#31 An insider's story of the global attack on climate science
https://www.garlic.com/~lynn/2014d.html#47 Stolen F-35 Secrets Now Showing Up in China's Stealth Fighter
https://www.garlic.com/~lynn/2014h.html#22 $40 billion missile defense system proves unreliable
https://www.garlic.com/~lynn/2014h.html#73 10 Big Fat Lies and the Liars Who Told Them
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Page Data Set Sizes and Volume Types Newsgroups: bit.listserv.ibm-main Date: 4 Dec 2014 18:18:58 -0800tom@TOMBRENNANSOFTWARE.COM (Tom Brennan) writes:
3390 announce nov1989
http://www-03.ibm.com/ibm/history/exhibits/storage/storage_3390.html
however, as periodically mentioned, there haven't been real CKD DASD
manufactured for decades, all just emulation on industry standard
fixed-block disks.
https://www.garlic.com/~lynn/submain.html#dasd
as an aside ... even 3380s CKD were really (32byte) fixed-block
http://www.bitsavers.org/pdf/ibm/dasd/reference_summary/GX26-1678-0_3380_Reference_Summary_Feb83.pdf
all disk technology was moving to fixed-block by the late 70s ... but MVS inability to come up with fixed-block support required CKD emulation long after CKD was obsolete.
there was special 3380j end of 1988 ... which had avg. seek of 12ms and max. seek ms 21 ... compared to 16ms & 29ms for 3380k ... but the 3380j had only 885 tracks (same capacity as original 3380) ... one is tempted to believe that the 3380j might have really been a 3380k limited to only accessing 1/3rd of the platter (note seek time isn't strictly linear since there is acceleration latency).
recent post mentioning early 80s semi-facetious discussion at SHARE
about doing a "fast" 3380 (with fewer tracks by microcode change).
https://www.garlic.com/~lynn/2014m.html#87 Death of spnning disk?
from IBM 3380 history reference:
In September 1987, IBM announced a significant extension to the 3380
series: the Model K DASD that stored 7.5 billion characters of
information, and the densest disk device IBM ever manufactured; and the
high-speed Model J, which could locate data faster than any previous
3380 DASD. The Model J found the correct information track in an average
time of just 12 thousandths of a second. Customers who installed Model
Js, which could store 2.5 billion characters of data, could upgrade it
to the denser Model K.
... snip ...
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Page Data Set Sizes and Volume Types Newsgroups: bit.listserv.ibm-main Date: 5 Dec 2014 09:27:45 -0800mitchdana@GMAIL.COM (Dana Mitchell) writes:
the semi-facetious scenario at SHARE was charging more for smaller 3380 capacity ... the issue was fully loading 3380s could degrade overall system throughput, enormously more than offseting the savings in number of 3380s. the issue was datacenter managers weren't making the connection between better overall system throughput and partially loaded 3380s. the objective was to come out with a "different" 3380 model that solely focused on the improved overall system throughput (and charged more for it) as a way of resetting datacenter managers' point-of-view.
since then, various kinds of staging and caching at many levels in the system has gone a long ways to obfuscating physical arm access latency (goes along with little dustup I caused in the early 80s with observation that the relative system throughput of disks had declined by a factor of ten times over the previous 15yr period, aka processor throughput went up 40-50 times, disk throughput went up 3-5 times).
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: z/OS MD5 file hashing Newsgroups: bit.listserv.ibm-main Date: 5 Dec 2014 14:51:46 -08000000002782105f5c-dmarc-request@LISTSERV.UA.EDU (Frank Swarbrick) writes:
my rfc index
https://www.garlic.com/~lynn/rfcietff.htm
see special list of RFCs referring to MD5
more recent reference
6151 I
Updated Security Considerations for the MD5 Message-Digest and the
HMAC-MD5 Algorithms, Chen L., Turner S., 2011/03/06 (7pp)
(.txt=14662) (Updates 1321, 2104) (Refs 1321, 1939, 2104, 2202,
4231, 4270, 4493) (Ref'ed By 6150, 6176, 6331, 6421, 6528, 6542,
6668, 6920, 6929, 6931, 6952, 7217, 7292, 7298, 7317, 7321, 7376)
from above:
2. Security Considerations
MD5 was published in 1992 as an Informational RFC. Since that time, MD5
has been extensively studied and new cryptographic attacks have been
discovered. Message digest algorithms are designed to provide
collision, pre-image, and second pre-image resistance. In addition,
message digest algorithms are used with a shared-secret value for
message authentication in HMAC, and in this context, some people may
find the guidance for key lengths and algorithm strengths in [SP800-57]
and [SP800-131] useful.
MD5 is no longer acceptable where collision resistance is required such
as digital signatures. It is not urgent to stop using MD5 in other
ways, such as HMAC-MD5; however, since MD5 must not be used for digital
signatures, new protocol designs should not employ HMAC-MD5.
Alternatives to HMAC-MD5 include HMAC-SHA256 [HMAC] [HMAC-SHA256] and
[AES-CMAC] when AES is more readily available than a hash function.
... snip ...
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: OT: article on foreign outsourcing Newsgroups: alt.folklore.computers Date: Fri, 05 Dec 2014 15:42:33 -0800re:
A dozen dirty documents; Twelve documents that stand out from the
Center's new oil and chemical industry archive
http://www.publicintegrity.org/2014/12/05/16361/dozen-dirty-documents
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM 360/85 vs. 370/165 Newsgroups: alt.folklore.computers Date: Fri, 05 Dec 2014 21:32:14 -0800John Levine <johnl@iecc.com> writes:
Above also mentions acs/360 was shutdown because executives were afraid that it would advance the state-of-the-art too fast and they would loose control of the market and some of the features then show up in es/9000 20yrs later.
In the wake of failure of future system project
https://www.garlic.com/~lynn/submain.html#futuresys
there was mad rush to get products back into 370 pipeline ... including
kicking off 303x & 3081 somewhat in parallel; 3033 started out being q&d
effort remapping 168 logic to warmed over 20% faster chips from FS
(and 3081 using other warmed over FS technology)
http://www.jfsowa.com/computer/memo125.htm
at that time I was involved in 16-way smp effort ... and we had gotten some of the 3033 processor engineers to work on it in their spare time (lot more interesting than what they were doing with 3033). Initially POK high-end people that it was really great ... and then somebody told the head of POK that it might be decades before POK's favorite son operating system had 16-way SMP support.
3033
https://www-03.ibm.com/ibm/history/exhibits/3033/3033_room.html
3081
http://www-03.ibm.com/ibm/history/exhibits/mainframe/mainframe_PP3081.html
when 3033 was out the door, they start on 3090 (overlapped with the
3081 work) ... finally as new effort
https://web.archive.org/web/20230719145910/https://www.ibm.com/ibm/history/exhibits/mainframe/mainframe_PP3090.html
followed by es/9000
http://www-03.ibm.com/ibm/history/exhibits/mainframe/mainframe_FS9000.html
followed by ESA/390
https://en.wikipedia.org/wiki/IBM_ESA/390
and then finally get to 16-way with z900 in Dec2000
old post discussing decision to make virtual memory standard
on all 370s:
https://www.garlic.com/~lynn/2011d.html#73 Multiple Virtual Memory
posts mentioning SMP (&/or compare-and-swap instruction)
https://www.garlic.com/~lynn/subtopic.html#smp
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: [CM] How ENIAC was rescued from the scrap heap Newsgroups: alt.folklore.computers Date: Sat, 06 Dec 2014 08:14:04 -0800Quadibloc <jsavard@ecn.ab.ca> writes:
part of the problem is increasing mismatch between processor speed and memory access latency ... claims being that the memory access latency, when measured in number of processor cycles is about the same as 60s disk access latency when measured in count of 60s processor cycles. 60s saw multitasking/multithreading ... allowing processor to switch to some other work when something stalls waiting on disk access. hyperthreading, out-of-order execution, etc ... could be considered analogous allowing switching to other work when something stalls on memory access (60s software techniques for thruput, migrating into something analogous for hardware)
recent mention of out-of-order:
https://www.garlic.com/~lynn/2014.html#50 "Death of the mainframe"
https://www.garlic.com/~lynn/2014b.html#103 CPU time
https://www.garlic.com/~lynn/2014c.html#62 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014c.html#64 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014c.html#96 11 Years to Catch Up with Seymour
https://www.garlic.com/~lynn/2014e.html#12 The IBM Strategy
https://www.garlic.com/~lynn/2014e.html#15 Last Gasp for Hard Disk Drives
https://www.garlic.com/~lynn/2014f.html#67 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014g.html#11 DEC Technical Journal on Bitsavers
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#2 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#51 The Tragedy of Rapid Evolution?
https://www.garlic.com/~lynn/2014j.html#5 The SDS 92, its place in history?
https://www.garlic.com/~lynn/2014j.html#99 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
https://www.garlic.com/~lynn/2014k.html#74 Bell Picturephone--early business application experiments
https://www.garlic.com/~lynn/2014l.html#56 This Chart From IBM Explains Why Cloud Computing Is Such A Game-Changer
https://www.garlic.com/~lynn/2014l.html#81 Could this be the wrongest prediction of all time?
https://www.garlic.com/~lynn/2014l.html#90 What's the difference between doing performance in a mainframe environment versus doing in others
https://www.garlic.com/~lynn/2014m.html#105 IBM 360/85 vs. 370/165
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM 360/85 vs. 370/165 Newsgroups: alt.folklore.computers Date: Sat, 06 Dec 2014 14:36:17 -0800Quadibloc <jsavard@ecn.ab.ca> writes:
Boeblingen got into lots of trouble from corporate for doing 370 115/125; they had 9 position memory bus for microprocessors ... rather than having integrated channels and controllers ... microcode running on same engine as running 370 microcode ... it had separate microcode engines running the different functions. 370/115 had all the processors identical (processor running the 370 microcode was same as all the other processors running various controller microcode). 370/125 was identical to the 370/115 except the processor running 370 microcode was about 50% faster than the other processors.
At one point I got sucked into designing software & architecture for
370/125 that had five of the memory bus positions filled with processor
engines running 370 microcode ... although it never shipped. I dropped
some amount of dispatching into microcode ... somewhat hiding low-level
multiprocessor complexity from the operating system softare (and
increasing performance) ... slightly akin to what was later done for the
i432 ... as well as other operating system functions ... more
architected than what I was asked to help with for VM/370 ECPS microcode
assist which was nearly one-for-one 370 instruction microcode
instruction (that I was being asked to work on at the same time). past
reference to ECPS microcode assist
https://www.garlic.com/~lynn/94.html#21 370 ECPS VM microcode assist
past posts mentioning the 370/125 5-way SMP work
https://www.garlic.com/~lynn/submain.html#bounce
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 06 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
I was blamed for online computer conferencing on the internal network in the late 70s and early 80s (larger than arpanet/internet from just about the beginning until sometime late '85 or early '86). Folklore is that when the executive committee was told about online computer conferencing (and the internal network), 5of6 wanted to fire me.
somewhat as a result, a researcher spent 9months in the back of my
office taking notes on how I communicated, face-to-face, telephone,
etc ... including going with me to meetings. They also got copies of
all my incoming and outgoing email and logs of all instant
messages. Besides being a research report, it was also used for books
and papers and stanford PHD (joint between language and computer AI).
https://www.garlic.com/~lynn/subnetwork.html#cmc
We were then working with some of the NSF supercomputer centers and
the director of NSF. Originally we were suppose to get $20M to
interconnect the NSF supercomputer centers, then congress cuts the
budget and some other things happen. Finally NSF releases an RFP
(calling for T1 links, in part based on the fact that we had T1 and
faster links already running). Internal politics prevent us from
bidding ... and the director of NSF (with backing from some other
agencies) writes the corporation a letter trying to help but that just
makes the internal politics worse (as did statements that what we
already had running was at least 5yrs ahead of all RFP
responses). Note the winning bid puts in 440kbit links ... and then
somewhat to create facade that they were meeting the RFP, puts in
telco multiplexors with T1 trunks, running multiple 440kbit links per
trunk. Reference to bygone days:
https://www.technologyreview.com/s/401444/grid-computing/
as regional networks connect to the centers, it morphs into NSFNET
backbone, precursor to the modern internet. some posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
Note at the time, the IBM communication group had prepared report for the executive committee that customers wouldn't be wanting T1 links until sometime in the 90s. This was largely motivated by their mainframe communication programs only supported up to 56kbits links. They did have support for "fat pipes" ... being able to treat multiple 56kbit links as a single logical link. Part of their report to executive committee showed customer "fat pipe" installations, number of 2link fat pipes, 3link fat pipes .... dropping to zero after five pipes as part of their justification. What they didn't possibly realize was that telco tariffs at the time had full T1 at about the same price as five 56kbits. We did trivial survey and found 200 mainframe customers with T1 links ... but using non-IBM attachments.
The IBM communication group also was spreading internal misinformation
... including claims that the NSFNET backbone could be run over
VTAM/SNA (obfuscating the fact that it called for T1 links and
VTAM/SNA didn't have any kind of T1 support). Somebody made a
collection of their misinformation email and forwarded it to us
... small sample, heavily redacted to protect the guilty
https://www.garlic.com/~lynn/2006w.html#email870109
The original mainframe TCP/IP product was done in VS/PASCAL (totally
unrelated to VTAM, SNA, 37x5 boxes, etc) ... and when it came time to
release a product to customers ... the communication group claimed
control over the product (they had corporate strategic responsibility
for everything that crossed datacenter walls). The actual release
enormously increased the price and used relatively slow controller box
(when communication group was unable to block its release
altogether). It used approx. full 3090 processor getting 44kbyte/sec
throughput. I did the changes for RFC1044 support and in some
tuning tests at cray research between cray and 4341, got sustained
channel speed throughput using only modest amount of 4341 processor
(possibly 500 times improvement in bytes moved per instruction
executed). some past posts
https://www.garlic.com/~lynn/subnetwork.html#1044
Late 80s, a senior disk engineer got a talk scheduled at annual,
world-wide, internal communication group conference ... supposedly on
3174 performance ... but opened the talk with statement that the
communication group was going to be responsible for the demise of the
disk division. The issue was that the communication group had
stranglehold on datacenters with its corporate strategic ownership for
everything that crosses the datacenter wall. The communication group
was fighting off client/server and distributed computing, trying to
preserve its dumb (emulated) terminal paradigm and install base. The
disk division was seeing data fleeing the datacenter to more
distributed computing friendly platforms with drop in disk sales. The
disk division had come up with a number of solutions to correct the
problem, but they were constantly being vetoed by the communication
group
https://www.garlic.com/~lynn/subnetwork.html#terminal
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: high end, was IBM 360/85 vs. 370/165 Newsgroups: alt.folklore.computers Date: Sun, 07 Dec 2014 10:27:36 -0800hancock4 writes:
except this account of ACS/360 ... where Amdahl was going to do high-end
machine, a 1/3rd machine and a 1/9th machine ... for IBM's different
market segments and meeting ibm profit and volume objectives
https://people.computing.clemson.edu/~mark/acs_end.html
executives cancel ACS/360 because they were afraid that it would advance
the state-of-the-art too fast and they would loose control of the
market. recent refs:
https://www.garlic.com/~lynn/2014.html#62 Imprecise Interrupts and the 360/195
https://www.garlic.com/~lynn/2014c.html#64 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014c.html#94 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014d.html#21 Write Inhibit
https://www.garlic.com/~lynn/2014d.html#28 Write Inhibit
https://www.garlic.com/~lynn/2014e.html#15 Last Gasp for Hard Disk Drives
https://www.garlic.com/~lynn/2014e.html#26 23Jun1969 Unbundling Announcement
https://www.garlic.com/~lynn/2014e.html#29 The mainframe turns 50, or, why the IBM System/360 launch was the dawn of enterprise IT
https://www.garlic.com/~lynn/2014e.html#51 The mainframe turns 50, or, why the IBM System/360 launch was the dawn of enterprise IT
https://www.garlic.com/~lynn/2014f.html#21 Complete 360 and 370 systems found
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#67 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#73 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014g.html#11 DEC Technical Journal on Bitsavers
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#4 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#6 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#65 Are you tired of the negative comments about IBM in this community?
https://www.garlic.com/~lynn/2014h.html#68 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014i.html#69 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#87 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#97 The SDS 92, its place in history?
https://www.garlic.com/~lynn/2014j.html#19 DG Nova 1200 as console
https://www.garlic.com/~lynn/2014j.html#32 Univac 90 series info posted on bitsavers
https://www.garlic.com/~lynn/2014j.html#51 Is coding the new literacy?
https://www.garlic.com/~lynn/2014j.html#100 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
https://www.garlic.com/~lynn/2014m.html#65 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#98 Why has human progress ground to a halt?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 07 Dec 2014 14:24:23 -0800Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public
Assistance
http://www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/
I've mentioned before that in the 90s, when congress was saying that
they would fix the illegal immigrant problem once & for all ... they had
GAO do study of of the problem ... one of the things they looked at was
how much net more in public assistance was required for the workers
... came out to about $10K/worker/annum ... which is basically a form of
public assistance to the employeers (not having to pay a living
wage). The interesting thing is that since then I've been unable to find
any evidence that congress has ever requested GAO to update the study.
However, there has been numerous stories about how business have
funneled enormous amount of funds through chamber of commerce and other
organizations for lobbying (and other mechanisms) for congress not to do
anything.
https://www.garlic.com/~lynn/2007i.html#18 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007i.html#70 illegal aliens
https://www.garlic.com/~lynn/2007i.html#79 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007i.html#81 illegal aliens
https://www.garlic.com/~lynn/2007o.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007q.html#61 Horrid thought about Politics, President Bush, and Democrats
https://www.garlic.com/~lynn/2008.html#39 competitiveness
https://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings
https://www.garlic.com/~lynn/2010m.html#62 Dodd-Frank Act Makes CEO-Worker Pay Gap Subject to Disclosure
https://www.garlic.com/~lynn/2013j.html#2 What Makes a Tax System Bizarre?
also as I've periodically referenced ... much of what appears about
congress for public consumption is purely Kabuki Theater ... even
apparent conflict between political parties is mostly so much
obfuscation and misdirection (distraction for the public from what is
really going on)
https://www.garlic.com/~lynn/submisc.html#kabuki.theater
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM 360/85 vs. 370/165 Newsgroups: alt.folklore.computers Date: Sun, 07 Dec 2014 14:43:56 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
I usually also mentioned that then the head of POK invited several of us to never visit the location again ... the processor engineers were then told to totally focus solely on the 3033 and don't get side-tracked again.
I've mentioned before that the processor engineers had said in the transition from 165 to 168 ... the memory got about four times faster and the (horizontal) microcode had been improved so that it reduced the avg. machine cycle per 370 instruction from 2.1 to 1.6.
when the 3033 got out the door, they then started on the 3090 (trout 1.5). One of the things they complained about was marketing adding vector processor feature to the 3090. They claimed that big justification for vector processing was that normally floating point is so slow that memory bus can keep a large number of floating point execution units fed concurrently. They claimed that they spent an enormous amount of effort on making scalar floating point run as fast as the memory bus could feed it ... largely negating the need for vector (we kept in touch after the 16-way fiasco and I would even sometimes sneak into POK).
misc. past posts mentioning trout:
https://www.garlic.com/~lynn/2000d.html#21 S/360 development burnout?
https://www.garlic.com/~lynn/2000d.html#35 S/360 development burnout?
https://www.garlic.com/~lynn/2003j.html#42 Flash 10208
https://www.garlic.com/~lynn/2006j.html#27 virtual memory
https://www.garlic.com/~lynn/2006j.html#31 virtual memory
https://www.garlic.com/~lynn/2011h.html#68 IBM Mainframe (1980's) on You tube
https://www.garlic.com/~lynn/2012n.html#33 390 vector instruction set reuse, was 8-bit bytes
https://www.garlic.com/~lynn/2014.html#63 Imprecise Interrupts and the 360/195
https://www.garlic.com/~lynn/2014d.html#17 Write Inhibit
https://www.garlic.com/~lynn/2014f.html#21 Complete 360 and 370 systems found
it wasn't my only dustup with POK. I've mentioned before in 1980 getting
con'ed into doing channel extender support for STL lab (moving 300
people from the IMS DBMS group to offsite building) so they could have
local channel attached controllers back to the STL datacenter
https://www.garlic.com/~lynn/submisc.html#channel.extender
then the vendor tried getting the support released, which was blocked by a group in POK that had been playing with some serial fiber stuff. Later in 1988, I get asked to help LLNL standardize some serial stuff they have which quickly morphs into the fiber channel stuff. Finally the POK group gets their stuff announced as ESCON with ES/9000 in 1990 (ten years later by this time it is obsolete).
Eventually some of them become involved with fibre channel stuff and
define a heavy-weight protocol on top of FCS that drastically cuts the
native throughput ... which is eventually released as FICON
https://www.garlic.com/~lynn/submisc.html#ficon
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 07 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
Much of the current infrastructure uses slow-start for congestion control/avoidance ... which tends to drastically cut effective end-to-end throughput (and major contributor to missing packets). In the early 80s we had done rate-based pacing (one of the things that was bases for saying what we had already running was at least 5yrs ahead of all NSF RFP responses). In the late 80s, at the IETF meeting when slow-start was first brought up for standard, i made observation that possibly justification was that the very low-end platforms lacked the timer facilities necessary for doing rate-based pacing. However the same month, the annual SIGCOMM ACM meeting had a paper showing how slow-start was non-stable in large multi-hop heterogeneous network.
reference here
https://www.garlic.com/~lynn/subnetwork.html#xtphsp
In 2003, there were articles out of caltech about how a rate-based
pacing protocol ("FAST") running over dial-up could have higher
throughput than slow-start based protocol on broadband connection. It
is now also one of things included in what is being called INTERNET2.
old reference
https://www.garlic.com/~lynn/2003j.html#1 FAST - Shame On You Caltech!!!
https://www.garlic.com/~lynn/2003j.html#46 Fast TCP
and
https://www.garlic.com/~lynn/2004k.html#8 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#9 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#17 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#18 FAST TCP makes dialup faster than broadband?
https://www.garlic.com/~lynn/2004k.html#19 FAST TCP makes dialup faster than broadband?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 08 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
Our last product at IBM was HA/CMP
https://www.garlic.com/~lynn/subtopic.html#hacmp
... when I was out marketing it, I coined the terms disaster
survivability and geographic survivability to differentiate
from disaster/recovery. Along the way I was asked to write a section
for the corporate continuous availability strategy document
... it was pulled, because both Rochester (as/400) and POK (mainframe)
complained that they couldn't meet the requirements
https://www.garlic.com/~lynn/submain.html#available
part of the HA/CMP included cluster scale-up for both commercial
(RDBMS) and scientific/technical (with national labs and other
institutions). This has reference to meeting in Ellison's conference
room in Jan1992
https://www.garlic.com/~lynn/95.html#13
within a few weeks of that meeting, the scale-up effort was transferred, announced as supercomputer for technical and scientific ONLY and we were told we couldn't work on anything with more than four processors ... not long afterwards we decided to leave.
This is summary of old study by Jim Gray ... I had worked with Jim at San
Jose research during the days of original SQL/relational DBMS
https://www.garlic.com/~lynn/submain.html#systemr
that hardware reliability had increased to a level that most service
outages were now because of environmental (floods, power outages,
earthquakes, etc) and human mistakes
https://www.garlic.com/~lynn/grayft84.pdf
we use to periodically drop in on the guy responsible for one of the largest financial transaction networks ... he commented that he attributed their 100% availability to
• automated operator (minimizing human mistakes) • geographic distributed, triple redundant, IMS hot-standby.
trivia: Jim Gray is also credited for being largely responsible for
formalizing transaction definition, "ACID" properties, and the
original TPC benchmarks.
https://www.tpc.org/information/who/gray5.asp
and
https://en.wikipedia.org/wiki/ACID
Earlier incarnation of cloud was online computing. The IBM cambridge science center had developed (virtual machine) CP67 (precursor to vm370 and current z/vm). At the time, IBM mainframes were rented/leased and monthly charges were based on the system meter than ran anytime the processor and/or any channels were busy (processors and all channels had to be idle for at least 400ms before the system meter stopped). The move to leaving the system up 7/24 for remote online service faced a number of challenges. To promote offshift use ... it had to be left up 7/24 ... but initial use was too low to cover the costs. A lot of work was done to enable operation dark room w/o operator or any kind of human oversight and also to allow the system meter to come to stop ... even though there were active channel programs waiting for incoming data. Trivia: the POK favorite son, mainframe batch operating system still had a system task that woke up every 400ms long after mainframes had moved from rental to sales.
Current cloud megadatacenters have so reduced their base run rate for on-demand operation that cooling and power have become dominate expense (they claim they build their own servers for small faction of what brand name servers sell for). The cloud megadatacenter move to "green" have also placed lots of pressure on server chip makers that power/cooling requirements drop to near zero while idle ... but can instantaneously come up to full operation "on-demand".
There are now press items about research institutions being able to contract on-demand for computer power (equivalent to rank in top-100 world supercomputers) from large cloud megadatacenters using just credit card (no human intervention).
a large cloud megadatacenter will have hundreds of thousands of servers and millions of processor-cores (a typical cloud megadatacenter will have more processing than the aggregate of all mainframes in the world today), from three years ago
Amazon Web Services Announces Cloud Supercomputer Ranked 42 On Top500
List
http://cloud-computing-today.com/2011/11/15/amazon-web-services-announces-cloud-supercomputer-ranked-42-on-top-500-list/
from year ago:
18 hours, $33K, and 156,314 cores: Amazon cloud HPC hits a "petaflop"
1.21 petaflops? Great scott!
http://arstechnica.com/information-technology/2013/11/18-hours-33k-and-156314-cores-amazon-cloud-hpc-hits-a-petaflop/
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Mill Computing talk in Estonia on 12/10/2104 Newsgroups: comp.arch Date: Tue, 09 Dec 2014 11:36:51 -0800Casper H.S. Dik <Casper.Dik@OrSPaMcle.COM> writes:
late 60s, it started out needing to deal with regularly scheduled mainframe maintenance ... enhancements were made for supporting cluster (mainframe loosely-coupled) operation for load-balancing ... and then expanded to moving live images ... providing non-disruptive 7x24 when components had to be taken offline for schedule maintenance.
more than decade later, UCLA's LOCUS (unix work-alike) were implementing something similar ... in some scenarios even being able to do live move between dissimilar architectures (executable image cleanly separated from working storage).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Mill Computing talk in Estonia on 12/10/2104 Newsgroups: comp.arch Date: Tue, 09 Dec 2014 17:59:46 -0800Quadibloc <jsavard@ecn.ab.ca> writes:
Future System had complex, obtuse instruction parameters which could
take five serial/sequential storage accesses to get at the actual
contents. One of the final nails in the FS coffin was analysis by the
IBM Houston Science Center that if a 370/195 application were run on the
faster possible FS hardware implementation, it would have the throughput
of 370/145 (10-30 times slowdown).
https://www.garlic.com/~lynn/submain.html#futuresys
folklore is that some of the FS people retreated to Rochester and did vastly simplified S/38 for the non-throughput sensitive market.
AS/400 was a merge of S/36 and S/38 ... that dropped several S/38
features.
https://en.wikipedia.org/wiki/IBM_System_i
from above:
The IBM System i, then known as the AS/400, was the continuation of the
System/38 database machine architecture (announced by IBM in October
1978 and delivered in August 1979). The AS/400 removed capability-based
addressing.[3] The AS/400 added source compatibility with the System/36
combining the two primary computers manufactured by the IBM Rochester
plant. The System/36 was IBM's most successful mini-computer but the
architecture had reached its limit.
... snip ...
original as/400 was during the "fort knox" period when IBM was going to
move vast variety of different internal microprocessors to 801/risc
Iliad chips (low & mid-range 370, as/400, controllers, etc). However for
various reasons that effort floundered and they all reverted to CISC
chips (saw some number of the 801/risc engineers leaving and going to
other vendors to work on risc efforts). Later in the 90s, it finally
did move to 801/risc (power) base.
https://www.garlic.com/~lynn/subtopic.html#801
some old 801 related email, included some discussion of Iliad chips
https://www.garlic.com/~lynn/lhwemail.html#801
One of the issues was that FS did single-level store ... somewhat brought forward from TSS/360. At the univ. as undergraduate ... I had to share the univ. 360/67 on weekends with IBM SE working with tss/360 (and I was working with cp67). At one point, the SE & I did a benchmark script for emulated fortran program edit, compile and execute. CP67/CMS with 35 emulated users had better throughput, response, and performance than TSS/360 (on the same hardware) did with four emulated users.
In the 70s at the science center I did a paged mapped filesystem for CMS that I periodically claimed was based on what I learned not to do from TSS/360. Then during the FS period, they were pretty much making the same mistakes ... and was one of the reasons I would periodically ridicule what they were doing (considered several things that I was doing was much better).
During the FS period, internal politics was killing off lots of
370-based efforts (I ignored them, and continued to work on 370 all
during the period) ... then when FS imploded, there was mad rush to
get stuff back into the 370 product pipelines. This contributed to
decision to pick up lots of stuff I had been doing during the FS
period and releasing them in standard product. However, they wouldn't
pickup&release the CMS paged-mapped filesystem (even though I
could show 3times the throughput of CMS standard filesystem),
presumably because of the bad performance reputation that single-level
store got from FS project.
https://www.garlic.com/~lynn/submain.html#mmap
S/38 further simplified the FS single-level store ... w/o doing anything about the performance issues ... which wasn't critical in that market. One of the simplification was that they went to all disk space being treated as common pool. The results were all disks in the system had to be backed up and restored as a single unit. At the time, single disk failures were more common ... and it could take 24hrs or more to restore a complete S/38 system. This was major motivation for S/38 becoming early RAID adopter ... trying to alleviate the enormous problem that single disk failure caused.
In the late 70s and early 80s I was at San Jose Research at the
main disk plant site and got sucked into playing disk engineer
part of the time ... some past posts
https://www.garlic.com/~lynn/subtopic.html#disk
and one of the people I worked with was person that got the original
"raid" patent
https://en.wikipedia.org/wiki/RAID#History
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 10 Dec 2014 11:36:46 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
Zap Wars: U.S. Navy Successfully Tests Laser Weapon in the Persian Gulf
http://time.com/3628047/navy-laser-weapon-test-persian-gulf/
"Service says ray gun can handle multiple threats at 59 cents a shot"
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 10 Dec 2014 Subject: Are we programmed to stop at the 'first' right answer Blog: FacebookAre we programmed to stop at the 'first' right answer
the last product we did at IBM was HA/CMP
https://www.garlic.com/~lynn/subtopic.html#hacmp
... this is old reference to jan1992 meeting in ellison's conference
room on cluster scale-up ...
https://www.garlic.com/~lynn/95.html#13
within a few weeks the scale-up had been transferred, announced as IBM supercomputer and we were told we couldn't work on anything with more than four processors ... which motivates us to leave. Now two of the other people in the meeting have also left and joined a small client/server startup responsible for something called the "commerce server". We are brought in as consultants because they want to do payment transactions on the server; the startup had also invented something called "SSL" they wanted to use, the result is now frequently called "electronic commerce". Straight-line application code was written for the browser/webserver interface as well for webserver/gateway interface (gateway sits on the internet and interfaces to the backend payment networks). I have absolute authority over the webserver/gateway and require a lot more work than straight-line solution ... I'm only able to make recommendations for the browser/webserver ... some of which were almost immediately violated which continues to contribute to various exploits that continue to this day.
I've periodically commented that it takes 4-10 times the original effort to take a well-designed, written, debugged, and working straight-line application and turn it into a business-critical service. A lot of it involves detailed studies how things fail (not just environmental but also human mistakes and purposeful attacks) and devise appropriate countermeasures. Analogous to first right answer is stop as soon as it works ... and very seldom continues on to how things don't work.
recent post mentioning 4-10 times rule:
https://www.garlic.com/~lynn/2014m.html#86 Economic Failures of HTTPS Encryption
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: By the time we get to 'O' in OODA... Date: 11 Dec 2014 Blog: Google+re:
By the time we get to 'O' in OODA...
https://www.linkedin.com/today/post/article/time-we-get-o-OODA-cliff-kimber
There is an analogy in the computer world with the increasing
proliferation of multi-core chips and holy grail being programming
language that allows great multitude to generate
parallel/mutli-threaded programs. Boyd would talk about all parts of
OODA going on concurrently and asynchronously ... also constantly
observing from all possible facets. There was item about Intel SVP Pat
Gelsinger in a speech related a conversation with Gates:
"A couple of years ago, I had a discussion with Bill Gates (about the
multi-core products). He was just in disbelief. He said, 'We can't
write software to keep up with that.'"
Gates ordered the Intel executive to keep pumping out faster
product. "No, Bill, it's not going to work that way," Gelsinger
informed him.
... snip ...
... aka most people think programming in terms of sequential, serial, step-by-step operations ...
past refs:
https://www.garlic.com/~lynn/2007i.html#78 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2008f.html#42 Panic in Multicore Land
https://www.garlic.com/~lynn/2012e.html#15 Why do people say "the soda loop is often depicted as a simple loop"?
https://www.garlic.com/~lynn/2012j.html#44 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2013.html#48 New HD
https://www.garlic.com/~lynn/2014d.html#85 Parallel programming may not be so daunting
posts & URLs referencing Boyd (&/or OODA-loop)
https://www.garlic.com/~lynn/subboyd.html
posts mentioning multiprocessor (/multi-core, parallel, multithreaded)
https://www.garlic.com/~lynn/subtopic.html#smp
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Holy Grail for parallel programming language Date: 11 Dec 2014 Blog: LinkedInre:
Parallel programming language holy grail is dataprocessing
specification metaphor that breaks the serial, sequential,
step-by-step processing ... allowing operations to be specified in
such a way that the computer has a great deal of latitude in deciding
how to execute the operations (analogy with Boyd's description of
rigid, top-down, command&control as well as some characterizations of
the difference between strategic and tactical). posts & web URLs
mentioining Boyd
https://www.garlic.com/~lynn/subboyd.html
90s there was lots of moving off single centralized mainframe to killer micros. Financial industry for a couple decades had financncial transactions queued up for processing in the overnight batch window. In the 90s there was heavy strain being put on the overnight batch window with increases in workload and globalization shortening the window. Billions were spent in the financial industry to re-eninneer their operation to support straight-through processing. They were doing lots of RYO (roll-your-own) implementation using some industry standard programming libraries ... hoping to have increased throughput using lots of parallel "killer micros". They did some toy demos, but never did any speeds&feeds calculation ... and ignored warnings that their implementation introduced a factor of hundreds times increase in processing (which would totally swamp any throughput increases with large number of killer micros). It wasn't until they went to live deployments that the magnitude of the problem, forcing them to abandon all the efforts.
In the middle of last decade I was involved in taking some technology to financial industry groups that leveraged the enormous amount of work that had gone into RDBMS cluster throughput increases ... demonstrating workload throughput that greatly exceeded any existing requirements. At first it saw high acceptance and then hit a brick wall. Finally we were told that there were still quite a few executives that bore the scars from the fiascos in the 90s and new reegineering efforts would have to wait until a new generation took over.
The seeds for the RDBMS work wasn't directly parallelization
technology ... it was the work that Jim Gray did in the 70s&80s
formalizing transaction semantics that allowed work to be broken up
until small pieces and performed independently ... and "reliably"
... which also contributed to financial auditors to "trust" computer
records from "ACID" properties:
https://en.wikipedia.org/wiki/ACID
and throughput benchmark
https://www.tpc.org/information/who/gray5.asp
Then in the 90s, there was lots of effort that went into RDBMS high-throughput, running work consistently and concurrently across large number of (parallel) processors. The straight-through processing reengineering work last decade involved breaking financial transactions into smallest work units possible and then rely on the extensive RDBMS work to manage things concurrently in consistent manner with large number of parallel processors.
disclaimer: I worked with Jim in the 70s and early 80s at San Jose
Research involving the original SQL/relational implementation ...
https://www.garlic.com/~lynn/submain.html#systemr
then when he left for Tandem, he palmed a bunch of stuff off on to
me. Then in late 80s when we were doing HA/CMP product
https://www.garlic.com/~lynn/subtopic.html#hacmp
... also did extensive work on cluster scale-up for RDBMS ... as well
scientific/technical with (gov) national labs. Reference to Jan1992
meeting in Ellison's conference room (on RDBMS cluster scale-up)
https://www.garlic.com/~lynn/95.html#13
as I've periodically mentioned with a couple weeks of the above meeting, the cluster scale-up work was transferred, announced as supercomputer (for technical/scientific *ONLY*) and we were told we couldn't work on anything with more than four processors (which was significant part of the motivation in deciding to leave). One of the things that I had done was extremely high-performance RDBMS parallel paradigm ... which involved some complex logic ... that took another decade for RDBMS vendors to fully adopt.
Part of the issue was I significantly increased the number and kinds of things that could be concurrently "in-flight" ... making failure recovery more complex (having to work through every possible failure scenario ... for all possible cases that might be concurrently going) ... lots of people felt apprehensive about being able to get it all correct.
oh and a little earlier. co-worker at IBM Cambridge Science Center
invented compare&swap (name chosen because CAS are
co-worker's initials) when he was working on fine-grain
multiprocessor locking for (virtual machine) CP67 in the
60s. Then an attempt was made to get it into 370 ... but the 370
architecture owners said it was rejected because the POK favorite son
operating system said that test&set was sufficient for multiprocessor
operation. The 370 architecture owners said to justify
compare&swap instruction, there would have to be additional
justification ... thus was born the use cases for application
multi-threaded serialized operation (regardless of whether it was
running on single or multiple processors) ... which were included in
the 370 principles of operation ... and continue to show up in present
day principles of operation. Over the next 20 years, most processor
vendors would include instruction with same/similar semantics
to compare&swap ... and would be heavily used by high
performance DBMS & RDBMS implementations.
https://www.garlic.com/~lynn/subtopic.html#smp
This has reference to compare&swap at the system/r reunion, somebody
conjecturing (incorrectly) that it was somebody in POK that invented
compare&swap ... when it was POK that opposed the instruction.
http://www.mcjones.org/System_R/SQL_Reunion_95/sqlr95-Shoot-ou.html#Index311
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 12 Dec 2014 Subject: Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist Plunder Know No Shame? Blog: Google+re:
Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist
Plunder Know No Shame?
http://davidstockmanscontracorner.com/memo-to-citigroup-ceo-micheal-corbat-does-your-crony-capitalist-plunder-have-no-shame/
The president of AMEX is in competition to be the next CEO and wins,
https://www.garlic.com/~lynn/submisc.html#gerstner
the looser takes his protege with him and goes to Baltimore taking
over what has been described as a loan sharking business. They then
make other acquisitions, eventually acquiring citibank in violation of
Glass-Steagall. Greenspan gives them an exemption while they
lobby congress for repeal (they also enlist the help of sec. of
treasury, who had previously been head of Goldman ... who after it is
done, resigns and becomes, what at the time, is called (citibank)
co-CEO; repeal of Glass-Steagall is enabler for too big to fail).
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
The protege leaves and becomes CEO of one of the other too big to
fail. At the time I remember comments that the new citibank CEO was
replacing the traditional banking executives with people from other
areas of the financial industry that weren't use to depository
institution regulations.
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 12 Dec 2014 Subject: Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For Blog: Google+re:
Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now
On The Hook For
http://www.zerohedge.com/news/2014-12-12/presenting-303-trillion-derivatives-us-taxpayers-are-now-hook
some older ... Gramm (with help from his wife) is #2 on times list
responsible for financial mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
GLBA act that repeals Glass-Steagall (enabling too big to fail, too
big to prosecute, and too big to jail) ... but also a number of
other things ... including provision in commodities futures
modernization act preventing CDSs from being regulated.
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission (pending provision by her husband preventing regulating CDS) before Wendy then resigned to join Enron's board. Preventing regulation of CDS was originally favor for ENRON, but then later plays major role in the financial mess (and AIG).
Why Citi May Soon Regret Its Big Victory on Capitol Hill
Banker Article
http://www.americanbanker.com/news/law-regulation/why-citi-may-soon-regret-its-big-victory-on-capitol-hill-1071636-1.html
Liberals: Obama abandoned us
http://www.politico.com/story/2014/12/liberals-obama-abandoned-us-113516.html
Citigroup Wrote the Wall Street Giveaway The House Just Approved
http://www.motherjones.com/politics/2014/12/spending-bill-992-derivatives-citigroup-lobbyists
How Wall St. got its way
http://www.politico.com/story/2014/12/wall-street-spending-bill-congress-113525.html
Furor Over Move to Aid Big Banks in Funding Bill
http://www.nytimes.com/2014/12/12/business/furor-over-move-to-aid-big-banks-in-funding-bill.html
Full Show: Democrats Bow Down to Wall Street
http://billmoyers.com/episode/full-show-democrats-bow-wall-street/
"The Most Egregious Sections Of Law I've Encountered During My Time As
A Representative"
http://www.zerohedge.com/news/2014-12-12/most-egregious-sections-law-ive-encountered-during-my-time-representative
Glass-Steagall
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
too big to fail, too big to prosecute, too big to jail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 12 Dec 2014 Subject: Congress could soon allow pension plans to cut benefits for current retirees Blog: Google+re:
Congress could soon allow pension plans to cut benefits for current
retirees
http://www.washingtonpost.com/business/economy/congress-could-soon-allow-pension-plans-to-cut-benefits-for-current-retirees/2014/12/03/62e5112a-7b0c-11e4-9a27-6fdbc612bff8_story.html
some older:
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
Gerstner
https://www.garlic.com/~lynn/submisc.html#gerstner
posts referencing pensions
https://www.garlic.com/~lynn/submisc.html#pensions
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Holy Grail for parallel programming language Date: 11 Dec 2014 Blog: LinkedInre:
something just shows up (from 2008): Multicore Programming; We need
languages that take full advantage of multicore processing.
http://www.technologyreview.com/notebook/411436/multicore-programming/
In some ways, test&set was used for locks for strictly serializing the
sequential part of program (in multiprocessor enviornment). The
invention of compare&swap by charlie at the ibm science center
... eliminated strict locking around the sequential part of the
program Compare&swap allowed all parts to proceed in parallel and only
provided atomic update. Lots of DBMS&RDBMS implementations have used
compare&swap (or instructions with similar semantics) for decades to
significantly increase their throughput in parallel environment
... however it required reorganizing how the operations were performed
... from a serialized critical section locking paradigm ... to atomic
update paradigm.
https://www.garlic.com/~lynn/subtopic.html#smp
A simple example is bank transaction paradigm ... lots of operations could be going on concurrently that add/subtract individual account balances as well as total branch balance and/or total bank balance. Old fashioned locking required that critical code sections dealing with balance update be locked and performed in strictly sequential manner. compare&swap can allow all code sections proceed in parallel and only guarantees that all balance additions & subtractions are correctly reflected ... but not necessarily the ordering of those operations (this might lead to unexpected results if previously it happened to work out that all adds had been done before all subtracts, the new mechanism might have arbitrary ordering of adds & subtracts ... potentially introducing situation where balance temporarily goes negative).
Things get a little more complex when move is from shared-memory parallelism to cluster non-shared-memory parallelism. I had done a lot of work on shared-memory parallelism in the 70s ... but in the 80s started also doing a lot of work on cluster non-shared-memory parallelism.
I think there is song from the 50s that has refrain something about "keep your eyes on the road and your hands on the wheel" ... you aren't doing one and then the other ... but doing all concurrently.
There are several different aspects of RDBMS related to parallelism, concurrency, as well as rigid structure.
The original sql/relational implementation (system/r) made a number of compromises for the financial industry, all possible data for account transaction was grouped in single record (making financial transactions much faster) and was structured into homogeneous tables that reflect standard financial accounting practices. The side-effect of this is that it can take enormous effort and elapsed time to convert non-financial, non-homogenous information into table format acceptable for use by RDBMS. It isn't unusual for such efforts to take 18months or more elapsed time. It even gets worse when the information and information structure is not static, cases where it takes 18months elapsed time to "normalize" 12months of information changes. I've periodically voiced the refrain that being forced to use RDBMS is equivalent to trying to force the domain into financial transaction metaphor.
The other aspect to appeal to financial industry (as early adopters with money) was supporting ACID properties ... i.e. guaranteeing a very high level of information integrity across all kinds of glitches and failures. Initially this was critical section code that serialized for journaling/logging ... as method to improve change integrity. Since then there are all sorts of mechanisms been invented to make journaling/logging (in support of ACID properties) a lot more parallel and asynchronously. A typical journal would record "after-image" of the changed record ... then in case of failure ... the journal would be "replayed", "rolling forward" the RDBMS to conform to journaled records. Cluster non-shared memory may use independent journal for each system running transactions. Replaying the records after outage or failure then requires merging the records of all the separate journals into the original temporal order (time-sequence) ... this gets increasingly tricky if all systems are doing millions of transactions per second.
SQL has another problem that it doesn't deal well with NULL or unknown information ... sometimes referred to 3-value logic problem. SQL does fine if all records are homogeneous and fields have defined values ... but it gets really tricky when not all information is known (SQL is infamous for non-intuitive obvious results when NULLS or unknowns are involved). About the same time I was involved in the original SQL/relational effort, I got sucked into also helping implement a different kind of relational DBMS that didn't require table structuring data ... and the interface language was much better at dealing with NULL and unknowns. However, the RDBMS tailoring done for the financial community came to dominate the industry.
However, the massive search engines have come up with repositories for massively parallel operation that have done away with structuring data and supporting ACID properties. Some of these have been retrofitted with SQL capability.
trivia: I had worked on (virtual machine) CP67 as undergraduate in the 60s and then on its follow-on VM370. The original sql/relational implementation (with support for financial industry) was done on VM370 platform. Another "financial industry" effort was spreadsheets ... being able to emulate paper accounting records ... one of the persons responsible for the "invention" and did much of the implementation had been working at a online service bureau that used the VM370 platform to provide online services & financial data to the financial industry.
FoundationDB And The New NoSQL
http://techcrunch.com/2014/12/13/foundationdb-and-the-new-nosql/
FoundationDB
https://en.wikipedia.org/wiki/FoundationDB
system/r
https://www.garlic.com/~lynn/submain.html#systemr
Not OODA ... but x-over that I periodically draw with Boyd's "Organic Design For Command & Control" ... and the characterization that military has been rigid, top-down command&control. RDBMS table format convention tends to be relatively rigid ... because creating it for other than financial accounts tends to be extremely human/time intensive ... that along with SQL difficulty dealing with 3-value logic and NULLs/unknowns (not known true/false).
past posts mentioning parallel programming holy grail
https://www.garlic.com/~lynn/2007l.html#15 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007l.html#34 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007u.html#19 Distributed Computing
https://www.garlic.com/~lynn/2008i.html#44 Are multicore processors driving application developers to explore multithreaded programming options?
https://www.garlic.com/~lynn/2008k.html#63 Intel: an expensive many-core future is ahead of us
https://www.garlic.com/~lynn/2008k.html#72 Transactional Memory
https://www.garlic.com/~lynn/2008p.html#26 What is the biggest IT myth of all time?
https://www.garlic.com/~lynn/2010l.html#9 Age
https://www.garlic.com/~lynn/2010p.html#8 No command, and control
https://www.garlic.com/~lynn/2011h.html#21 Eurofighter v F16
https://www.garlic.com/~lynn/2011i.html#35 Having left IBM, seem to be reminded that IBM is not the same IBM I had joined
https://www.garlic.com/~lynn/2011p.html#122 Deja Cloud?
https://www.garlic.com/~lynn/2012b.html#57 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012e.html#15 Why do people say "the soda loop is often depicted as a simple loop"?
https://www.garlic.com/~lynn/2012f.html#36 Time to competency for new software language?
https://www.garlic.com/~lynn/2012h.html#48 Difference between fingerspitzengefuhl and Coup d'oeil?
https://www.garlic.com/~lynn/2012j.html#44 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012j.html#77 Monopoly/ Cartons of Punch Cards
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 14 Dec 2014 Subject: Commissioner Adrian Leppard calls for legislation to compel the banking system to report fraud Blog: Financial Crime Risk, Fraud and SecurityCommissioner Adrian Leppard calls for legislation to compel the banking system to report fraud
We were tangentially involved in the Cal. state data breach
notification legislation; we had been brought in to help wordsmith the
electronic signature legislation and several of the parties were
heavily involved in privacy issues and had done extensive detailed
public surveys. The no. one issue was identity theft, namely
fraudulent financial transaction as a result of data breaches. There
was little or nothing that was being done about and it was hoped that
the publicity from the notification would prompt some corrective
action. A major problem was that normally security measures are taken
in self-interest ... however data breaches didn't put the institutions
at risk, it was the individuals that were at risk.
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
there is something of chicken&egg with not reporting fraud ... normally resources&skills are allocated to deal with reported problems ... if you never report the problem ... there is unlikely to ever be any resources to deal with the problem.
We've also used a couple metaphors for the current card fraud paradigm:
dual-use metaphor ... since information from previous transactions can be used for fraudulent transactions, that information has to be kept totally confidential and never divulged. at the same time the same information is required in dozens of business processes at millions of locations around the world. we've periodically commented that even if the planet was buried under miles of information hiding encryption, it still wouldn't stop leakage
security proportional to risk metaphor ... the value of the
transaction information to the merchants is the profit on the
transactions, which can be a couple dollars (and a couple cents for
the transaction processor) ... the value of the information to the
crooks is the account balance and/or credit limit ... as a result the
crooks can afford to outspend the defenders by a factor of 100 times
https://www.garlic.com/~lynn/submisc.html#security.proportional.to.risk
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 15 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
There is both bandwidth & latency issue ... the old criteria is whether to ship the operation to processor co-located with the data ... or to run locally and access the data remotely. Part of it is elapsed latency for each access (not just raw bandwidth).
1980, STL (now silicon valley lab) was bursting at the seams and they
were moving 300 people from the IMS group to offsite bldg with access
back to the STL datacenter. They had tried "remote 3270s" but found
the human factors totally unacceptable (compared to what they were
used to with vm370/cms channel attached 3270s). I got con'ed into
doing channel-extender support so they could have channel attached
controllers at the offsite bldg. Part of the support was a remote
channel emulator at the offsite bldg. with the channel programs
downloaded ... channel program protocol has a significant amount of
chatter ... and downloading the channel programs and executing
remotely avoid an enormous amount of latency (the group couldn't tell
difference between real local channel 3270 human factors and
channel-extender 3270 human factors).
https://www.garlic.com/~lynn/submisc.html#channel.extender
The vendor then tried to get my support released to customers ... but there was group in POK that had been playing with some serial fiber that blocked it ... they were afraid that having it in the market, it would make it more difficult to get their stuff released.
In 1988, I was asked to help standardize some serial stuff from LLNL ... which quickly morphs into fibre-channel standard ... and included all sorts of latency masking and compensation including downloading I/O programs to the remote end (to minimize chatter latency & elapsed time) and asynchronous parallel operation.
The POK guys finally get their stuff released in 1990 with ES/9000 as
ESCON ... when it is already obsolute. Then some of the POK people get
involved in fibre-channel standard and define an heavy-weight protocol
on top of fibre-channel standard that drastically cuts the native
throughput (having huge amount of latency and back&forth chatter)
... which is eventually released as FICON. There was a z196 max/peak
i/o throughput benchmark that managed to achieve 2M IOPS using 104
FICONs (running on top of 104 fibre channel). About the same time
there was a (native) fibre channel announced for E5-2600 blade
claiming over a million IOPS (aka two such fibre channel having more
throughput than 104 FICONs).
https://www.garlic.com/~lynn/submisc.html#ficon
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 15 Dec 2014 Subject: Wall Street's Revenge Blog: FacebookWall Street's Revenge; Dodd-Frank Damaged in the Budget Bill
Gramm (with help from his wife) is #2 on times list responsible for
financial mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
does GLBA act that repeals Glass-Steagall (enabling too big to fail,
too big to prosecute, and too big to jail) ... but also a number
of other things ... including provision in commodities futures
modernization act preventing (derivatives) CDSs from being regulated.
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission (pending provision by her husband preventing regulating CDS) before Wendy then resigned to join Enron's board. Preventing regulation of CDS was originally favor for ENRON, but then later plays major role in the financial mess (and AIG).
posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
posts mentioning Glass-Steagall
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
posts mentioning Greenspan (or other fed chairmens)
https://www.garlic.com/~lynn/submisc.html#greenspan
securitized mortgages had been used during the S&L crisis to obfuscate
fraudulent mortgages. In the late 90s we were asked to look at
improving integrity of mortgage supporting documents as countermeasure
... old long-winded post from Jan1999
https://www.garlic.com/~lynn/aepay3.htm#riskm
However, wallstreet found that they could pay rating agencies for
triple-A ratings (when both sellers and rating agencies knew they
weren't worth triple-A, from Oct2008 congressional hearings into role
rating agencies played). Triple-A ratings trump support documents and
they could start doing no-documentation liar loans (and with no
documentation, there was no longer issue with supporting documentation
integrity). Wallstreet then starting creating securitized mortgages
(CDOs) designed to fail, selling them to their customers and taking
out CDS gambling bets (derivatives) that they would fail (creating
enormous demand for dodgy mortgages).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
AIG was negotiating to pay off CDS gambling bets at 50-60cents on the
dollar. Fall of 2008, the sec. of treasury (formally head of Goldman)
steps in and tells AIG it was illegal for them to pay less than
100cents on the dollar and required them to take gov. bailout to pay
off CDS gambling bets at face value (largest recepient was sec. of
treasury's old firm, Goldman) and also sign away any rights to sue
those making the CDS bets. more recent about sec. of treasury and the
AIG bailout:
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-iii-paulson-lied-to-congress-about-tarp.html
From law of unintended consequences, the no-documentation, liar loans has the too big to fail setting up large robo-signing mills to fabricate (fraudulent) supporting documents required for foreclosures
with regard to sec. of treasury lying to congress ... off-book toxic
assets summer/fall 2008 had gone for 22cents on the dollar. End of
2008, just the four largest too big to fail were carrying $5.2T
"off-book"
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
The $700B appropriated for TARP wouldn't even had cleared just that $5.2T (@22cents on dollar) ... although that would have also required that those institutions would have been declared insolvent and forced to be liquidated.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 15 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
This was 1980 ... this was before LANs, WANs, IBM/PC, 3270 terminal qemulation, token-ring, 3174s, etc
At the time, STL datacenter was 168&3033 mainframes and direct channel attached 327x controllers ... first 3277 terminals with 3272 direct channel attached controllers .... later 3278 terminals with 3274 direct channel attached controllers
original 3277 terminal (& 3272 controller) from 1972
https://en.wikipedia.org/wiki/IBM_3270
A 3272 controller could have up to 32 3277 coax connected terminals. The fastest 3272/3277 were direct channel attached 3272 controllers (that operated around 500kbytes/sec). A "remote" 3272 controller had 19.2kbits/sec link to telecommunication control unit in the datacenter (connecting to mainframe). 3274 was follow-on to the 3272 and 3278 was follow-on for 3277. Change from direct channel attached 500kbytes/sec to remote 19.2kbits/sec was factor of several hundred times.
For the 3278 terminal they moved a lot of the electronics that had been in the 3277 terminal head back into the (shared) 3274 controller, reducing terminal manufacturing costs ... but significantly increased the protocol chatter (and latency) over the connected coax cable. Hardware response for direct channel attached 3272/3277 was .086 seconds. This increased to approx. .5 seconds for direct channel attached 3274/3278 (because of increase in coax cable protocol chatter). Remote operation over 19.2kbit/sec link (shared by up to 32 327x terminals) significantly increased this further.
Note later with IBM/PCs and 3270 terminal emulation .... 3277 terminal emulation hardware card got three times the upload/download throughput of a 3278 terminal emulation hardware card (degraded throughput because of the enormous increase in latency for the additional coax protocol chatter).
This was in the time frame that Thadhani in stl/sanjose area was
starting on the benefit of the quarter second response time studies
http://www.vm.ibm.com/devpages/jelliott/evrrt.html
One of my hobbies was providing highly enhanced vm370 system to internal datacenters (including most of those in the san jose area) that was providing .11seconds 90percential system response for trivial operations ... which coupled with the 3272/3277 .086 hardware response provided .2seconds seen by human ... by comparison MVS systems rarely achieved even 1second system response (most of my vm370 customers noticed the response degradation moving to 3274/3278 with its .5seconds hardware response ... but as far as I know, none of the MVS users ever noticed any difference)
posts mentioning Thadhani studies
https://www.garlic.com/~lynn/2011d.html#53 3270 Terminal
https://www.garlic.com/~lynn/2011p.html#84 Is there an SPF setting to turn CAPS ON like keyboard key?
https://www.garlic.com/~lynn/2012.html#12 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#13 From Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012.html#15 Who originated the phrase "user-friendly"?
https://www.garlic.com/~lynn/2012b.html#2 The PC industry is heading for collapse
https://www.garlic.com/~lynn/2012d.html#19 Writing article on telework/telecommuting
https://www.garlic.com/~lynn/2012m.html#15 cp67, vm370, etc
https://www.garlic.com/~lynn/2012m.html#37 Why File transfer through TSO IND$FILE is slower than TCP/IP FTP ?
https://www.garlic.com/~lynn/2012n.html#37 PDP-10 and Vax, was System/360--50 years--the future?
https://www.garlic.com/~lynn/2012p.html#1 3270 response & channel throughput
https://www.garlic.com/~lynn/2013b.html#55 Dualcase vs monocase. Was: Article for the boss
https://www.garlic.com/~lynn/2014f.html#44 System Response
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 16 Dec 2014 Subject: How Much Bandwidth do we have? Blog: Old Geekre:
note that token-ring wasn't positioned as a LAN solution ... but as solution to weight of 3270 coax cable. Large office buildings would have long runs of coax cable from datacenter to every 3270 terminal ... and the aggregate weight of all these coax cables were starting to exceed building weight limit codes. Token-ring would run (shielded) twisted pair to department wiring closets ... and then twisted-pairs from "bridge" in the wiring closet out to the individual (PC emulated) terminals ... enormously reducing the weight.
note that there was work on 801/risc ROMP chip originally for
follow-on to displaywriter. When that got canceled they looked around
and decided to retarget to the unix workstation market ... and got the
company that had done the Unix port for ibm/pc to do one for them
... this comes out as PC/RT and AIX. PC/RT had pc/at bus and they had
to do many of their own cards ... including a PC/AT bus 4mbit
token-ring card. The follow-on to the PC/RT was the RS/6000 with a
microchannel bus ... and corporate mandated that they could no longer
do their own cards ... they had to use "official" cards from other
business units. However the official 16mbit T/R microchannel card was
designed for the low-end terminal emulation market and had lower per
card throughput than the PC/RT 4mbit T/R card (i.e. a PC/RT server
with 4mbit T/R card had higher throughput than a RS/6000 with a 16mbit
T/R card).
https://www.garlic.com/~lynn/subtopic.html#801
The communication group had really bad at fighting off distributed
computing and client/server trying to preserve their dumb (emulated)
terminal paradigm and install base. Late 80s, a senior disk engineer
got a talk scheduled at the annual, world-wide internal disk engineer
supposedly on 3174 performance but opened with the statement that the
communication group was going to be responsible for the demise of the
disk division. The problem was that the communication group had
stranglehold on datacenters with their corporate strategic ownership
of everything crossing the datacenter walls. The disk division was
starting to see data fleeing datacenters to more distributed computing
friendly platforms with drop in disk sales. The disk division had come
up with a number of solutions to correct the problem, but they were
all being vetoed by the communication group
https://www.garlic.com/~lynn/subnetwork.html#terminal
The communication group had launched SAA as part of their efforts and
along with the T/R people were generating lots of misinformation both
internally and in the market. Note that T/R groups were releasing
studies showing 16mbit T/R performance significantly better than
ethernet ... but my impression was that they used early 3mbit ethernet
before the listen-before-transmit standard. In the mid-80s, the new
Almaden research bldg had been extensively wired for T/R ... but they
found that not only did 10mbit ethernet have higher aggregate LAN
throughput (than T/R over the same wiring), but ethernet also had
lower latency.
https://www.garlic.com/~lynn/subnetwork.html#3tier
1988 ACM SIGCOMM had paper on ethernet study showing typical 30station twisted pair implementation getting 8.5mbit effective lan throughput when all stations were programmed with low-level device driver to constantly transmit minimum sized packets. Note also any of the <$100 ethernet cards were capable of substaining that full rate. By comparison 16mbit T/R actually had lower effective LAN throughput (than 10mbit ethernet) ... but also the available 16mbit T/R cards were only able of sustaining less than 1mbit/sec throughput. As a result, nearly the whole Almaden research center quickly moved to ethernet (over shielded twisted pair).
There was a separate SNA problem ... since SNA doesn't support networking ... all the LAN addressing is back in the host ... and large number of T/R LAN segments had to be interconnected with bridges (so all traffic appeared on all LAN segments, frequently 300 or more stations sharing same bandwidth). The workstation tcp/ip had full networking ... so individual Ethernet lan segments could be configured using routers (instead of bridges) ... and as a result stations only had to share bandwidth with other stations on the same segment (rather than sharing across all stations across all segments) ... two-dozen ethernet routed lan segments with 10stations each lan segment getting 8.5mbit/sec effective throughput; 24*8.5=204mbit/sec aggregate shared with 240 stations or avg 850kbit/station ... compared to two dozen T/R bridged lan segments with 10stations each ... effective aggregate around 4-5mbits/sec shared with 240 stations say avg 20kbit/station (lots of installations had 300 "terminals" sharing bridged lan segments).
folklore ... in the early 80s the IBM San Jose disk group had a LAN
server project called DataHUB (implementation was using PCLan) and
some amount of the coding was being done under a work-for-hire
contract by a group in Provo (one of the people I did some work with
was commuting every week from San Jose to Provo in this period). At
some point the IBM effort was canceled and the group in Provo was
allowed to have all rights. A short time later, a network server
company appeared in Provo (starts with the letter "N"). past posts
mentioning datahub:
https://www.garlic.com/~lynn/96.html#4a John Hartmann's Birthday Party
https://www.garlic.com/~lynn/2000g.html#40 No more innovation? Get serious
https://www.garlic.com/~lynn/2002f.html#19 When will IBM buy Sun?
https://www.garlic.com/~lynn/2002g.html#79 Coulda, Woulda, Shoudda moments?
https://www.garlic.com/~lynn/2002o.html#33 Over-the-shoulder effect
https://www.garlic.com/~lynn/2003e.html#26 MP cost effectiveness
https://www.garlic.com/~lynn/2003f.html#13 Alpha performance, why?
https://www.garlic.com/~lynn/2004f.html#16 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2005p.html#23 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2005q.html#9 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2005q.html#36 Intel strikes back with a parallel x86 design
https://www.garlic.com/~lynn/2006l.html#39 Token-ring vs Ethernet - 10 years later
https://www.garlic.com/~lynn/2006y.html#31 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2007f.html#17 Is computer history taught now?
https://www.garlic.com/~lynn/2007j.html#49 How difficult would it be for a SYSPROG ?
https://www.garlic.com/~lynn/2007n.html#21 The Development of the Vital IBM PC in Spite of the Corporate Culture of IBM
https://www.garlic.com/~lynn/2007n.html#86 The Unexpected Fact about the First Computer Programmer
https://www.garlic.com/~lynn/2007p.html#35 Newsweek article--baby boomers and computers
https://www.garlic.com/~lynn/2007v.html#53 folklore indeed
https://www.garlic.com/~lynn/2008e.html#8 MAINFRAME Training with IBM Certification and JOB GUARANTEE
https://www.garlic.com/~lynn/2008p.html#36 Making tea
https://www.garlic.com/~lynn/2008r.html#68 New machine code
https://www.garlic.com/~lynn/2009e.html#58 When did "client server" become part of the language?
https://www.garlic.com/~lynn/2010.html#15 Happy DEC-10 Day
https://www.garlic.com/~lynn/2011b.html#3 Rare Apple I computer sells for $216,000 in London
https://www.garlic.com/~lynn/2011e.html#59 The first personal computer (PC)
https://www.garlic.com/~lynn/2011o.html#18 John R. Opel, RIP
https://www.garlic.com/~lynn/2012j.html#14 Can anybody give me a clear idea about Cloud Computing in MAINFRAME ?
https://www.garlic.com/~lynn/2012k.html#4 Gordon Crovitz: Who Really Invented the Internet?
https://www.garlic.com/~lynn/2013c.html#27 Ethernet at 40: Its daddy reveals its turbulent youth
https://www.garlic.com/~lynn/2014c.html#21 The PDP-8/e and thread drifT?
https://www.garlic.com/~lynn/2014h.html#39 How Comp-Sci went from passing fad to must have major
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 16 Dec 2014 Subject: Is there an Inventory of the Installed Mainframe Systems Worldwide and or for Europe alone? Blog: Mainframe Expertsre:
Questimates I've seen in the past are less than 10,000 systems world-wide.
Note for last decade, IBM financials have something like the equivalent of 200 max. configured systems sold per year ... but that has been dropping. 1qtr2014 financials had equivalent of 14 max configured EC12 sold ... or 54 on an annualized basis.
A typical cloud megadatacenter has hundreds of thousand of systems (millions to tens of millions of processors). Megadatacenters have claimed for a decade or more that they assemble their own servers for 1/3rd the price of brand name servers (dell, hp, ibm, etc) ... and there have also been rumors that some of the brand name operations have been doing special white-box pricing (close to megacenter cost) for especially large orders ... putting big downward profit pressure on servers (and likely contributed to IBM unloading its server business). Server chip manufactures have claimed that they ship more processor chips to large cloud operators than to band name server vendors (and these server numbers don't show up in industry server numbers).
One of the side-effects is that cost of systems has so dramatically dropped for the cloud operators ... that power&cooling has become major cost ... putting them on the "green" forefront ... including pressuring server chip makers to optimize power usage & heat generation. Also claims are that large cloud megadatacenters (with hundreds of thousands of systems) operate with staffs of 80-120 people.
For another comparison ... current EC12 processor chips are done with (older) 32nm process. Intel is spending $5B on fab for newer 14nm chip process and rumored to produce 450mm chip wafers (with other operators spending similar amounts on new fabs ... possible motivation for IBM to unload its chip fabs ... but they had to pay somebody to take them). If there was a straight-forward mapping of EC12 processor chips to 14nm ... then a single 450mm wafer has enough chips to handle year of EC12 sales (chip fabs typically produce hundreds of thousands to millions of wafers per year). My experience in the past is that a minimum chip fab run is six wafers ... a single fab. run would produce enough EC12 processor chips for several years of sales.
As an aside ... the last product we did at IBM was HA/CMP
https://www.garlic.com/~lynn/subtopic.html#hacmp
... including cluster scale-up ... some old email about doing cluster
scale-up for both commercial and scientific/technical
https://www.garlic.com/~lynn/lhwemail.html#medusa
this is reference to meeting on cluster scale-up in Ellison's conference room Jan1992 https://www.garlic.com/~lynn/95.html#13
within a few weeks, the scale-up work was transferred, announced as supercomputer for technical&scientific *ONLY* ... and we were told we couldn't work on anything with more than four processors. Part of the issue was that the mainframe DB2 people were complaining that if I was allowed to go ahead, then I would be at least 5yrs ahead of them.
There was big migration off mainframes in the late 80s and early 90s
... late 80s a senior disk engineer got a talk scheduled at annual,
world-wide, internal communication group conference supposedly on 3174
performance ... but open the talk that the communication group was
going to be responsible for the demise of the disk diviision. The
issue was that communication group had stragegic ownership of
everything that crossed the datacenter walls and was fighting off
client/server & distributed computing trying to preserve its dumb
(emulated) terminal paradigm & install base. Disk division was seeing
data fleeing the datacenter to more distributed computing friendly
platforms with drop in disk sales. The disk division had come up with
several solutions to correct the problem, but they were constantly
being vetoed by the communication group
https://www.garlic.com/~lynn/subnetwork.html#terminal
max configured ec12 with 101 processors is rated at 75BIPS and goes for $33M or $440,000/BIPS. By comparison IBM had base list price for e5-2600v1 blade of $1815 ... which have rating between 400-500+BIPS or around $3+/BIPS (megadatacenter at 1/3rd is nearly $1/BIPS). A typical megadatacenter with have hundreds of thousands with more processing power than the aggregate of all mainframes in the world today.
In 1980, STL (renamed silicon valley lab) was bursty at the seams and
moving 300 people from the IMS group into offsite bldg ... and I got
con'ed into doing channel extender support for them (they were use to
3270 terminal with channel attached controllers and they found human
factors of "remote 3270" totally intolerable. Channel extender allowed
putting 3270 channel attached controllers at the offsite bldg, with
connectivity back to the STL datacenter (with no noticeable change in
human factors) ... part of the support involved downloading channel
programs to channel emulator at the offsite bldg ... eliminating the
enormous controller/channel protocol latency.
https://www.garlic.com/~lynn/submisc.html#channel.extender
The vendor tried to get approval to release support to customers but there was a group in POK playing with some serial fiber that blocked the request ... they were afraid if it was in the market, it would make it more difficult to get their technology released.
In 1988, I was asked if I could help LLNL standardize some serial
technology they had ... which quickly morphs into fiber-channel
standard ... including support for downloading channel programs to
remote end (helping mask/eliminate protocol latency). Then the POK
people get their stuff released in 1990 with ES/9000 as ESCON, by
which time it was obsolete. Later some POK engineers get involved in
fibre-channel standard and define a heavy-weight protocol on
fibre-channel that drastically reduces the native throughput which
eventually is released as FICON.
https://www.garlic.com/~lynn/submisc.html#ficon
IBM published a peak/max I/O z196 benchmark that used 104 FICONs to get 2M IOPS. About the same time there was a fibre-channel announced for E5-2600 blade claiming over million IOPS (two such fibre-channel having higher native throughput than 104 FICONs ... which runs over 104 fibre-channel). z196 also has peak SSCH/sec of 2.2M running all SAPs at 100% busy ... but recommendation is to keep SAPs at no more than 70% or 1.5M SSCH/sec peak.
recent posts mentioning EC12 processor:
https://www.garlic.com/~lynn/2014.html#97 Santa has a Mainframe!
https://www.garlic.com/~lynn/2014c.html#96 11 Years to Catch Up with Seymour
https://www.garlic.com/~lynn/2014e.html#12 The IBM Strategy
https://www.garlic.com/~lynn/2014f.html#67 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014f.html#92 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#4 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014h.html#2 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#4 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#8 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#9 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#57 [CM] Mainframe tech is here to stay: just add innovation
https://www.garlic.com/~lynn/2014h.html#61 Are you tired of the negative comments about IBM in this community?
https://www.garlic.com/~lynn/2014h.html#68 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014j.html#35 curly brace languages source code style quides
https://www.garlic.com/~lynn/2014j.html#85 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#90 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014l.html#24 Unisys CEO ousted, shares slip
https://www.garlic.com/~lynn/2014l.html#43 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#56 This Chart From IBM Explains Why Cloud Computing Is Such A Game-Changer
https://www.garlic.com/~lynn/2014l.html#90 What's the difference between doing performance in a mainframe environment versus doing in others
https://www.garlic.com/~lynn/2014m.html#105 IBM 360/85 vs. 370/165
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Reinventing the Wheel (or at least the multiport memory) (?) Newsgroups: comp.arch Date: Tue, 16 Dec 2014 19:02:13 -0800MitchAlsup <MitchAlsup@aol.com> writes:
some old 43xx email
https://www.garlic.com/~lynn/lhwemail.html#43xx
early-on, I got con'ed into benchmarking on engineering 4341 (before machine actually shipped) for Lawarence ... which was looking at a compute farm of 70 machines ... sort of leading edge of large clustered supercomputers.
decade later I was doing cluster scalup in the HA/CMP product
... working with both national labs (for scientific/technical) and RDBMS
vendors (for commercial). some past posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
some old email
https://www.garlic.com/~lynn/lhwemail.html#medusa
disclaimer, i started work on virtual machine technology as undergraduate last week of Jan1968.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 16 Dec 2014 Subject: Memo To WSJ: The CRomnibus Abomination Was Not "A Rare Bipartisan Success" Blog: FacebookMemo To WSJ: The CRomnibus Abomination Was Not "A Rare Bipartisan Success"
does GLBA act that repeals Glass-Steagall (enabling too big to fail, too big to prosecute, and too big to jail) ... but also a number of other things ... including provision in commodities futures modernization act preventing (derivatives) CDSs from being regulated.
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of
the Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission (pending provision by her husband preventing regulating CDS) before Wendy then resigned to join Enron's board. Preventing regulation of CDS was originally favor for ENRON, but then later plays major role in the financial mess (and AIG).
posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
posts mentioning Glass-Steagall
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
posts mentioning Greenspan (or other fed chairmens)
https://www.garlic.com/~lynn/submisc.html#greenspan
securitized mortgages had been used during the S&L crisis to obfuscate
fraudulent mortgages. In the late 90s we were asked to look at
improving integrity of mortgage supporting documents as countermeasure
... old long-winded post from Jan1999
https://www.garlic.com/~lynn/aepay3.htm#riskm
However, wallstreet found that they could pay rating agencies for
triple-A ratings (when both sellers and rating agencies knew they
weren't worth triple-A, from Oct2008 congressional hearings into role
rating agencies played). Triple-A ratings trump support documents and
they could start doing no-documentation liar loans (and with no
documentation, there was no longer issue with supporting documentation
integrity). Wallstreet then starting creating securitized mortgages
(CDOs) designed to fail, selling them to their customers and taking
out CDS gambling bets (derivatives) that they would fail (creating
enormous demand for dodgy mortgages).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
AIG was negotiating to pay off CDS gambling bets at 50-60cents on the
dollar. Fall of 2008, the sec. of treasury (formally head of Goldman)
steps in and tells AIG it was illegal for them to pay less than
100cents on the dollar and required them to take gov. bailout to pay
off CDS gambling bets at face value (largest recepient was sec. of
treasury's old firm, Goldman) and also sign away any rights to sue
those making the CDS bets. more recent about sec. of treasury and the
AIG bailout:
http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-iii-paulson-lied-to-congress-about-tarp.html
From law of unintended consequences, the no-documentation, liar loans
has the too big to fail setting up large robo-signing mills to
fabricate (fraudulent) supporting documents required for
foreclosureswith regard to sec. of treasury lying to congress
... off-book toxic assets summer/fall 2008 had gone for 22cents on the
dollar. End of 2008, just the four largest too big to fail were
carrying $5.2T "off-book"
Bank's Hidden Junk Menaces $1 Trillion Purge
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akv_p6LBNIdw&refer=home
The $700B appropriated for TARP wouldn't even had cleared just that $5.2T (@22cents on dollar) ... although that would have also required that those institutions would have been declared insolvent and forced to be liquidated.
THe CRoMNiBuS OF LiBeRTY...
http://www.zerohedge.com/news/2014-12-16/cromnibus-liberty
Citigroup Will Be Broken Up
http://baselinescenario.com/2014/12/12/citigroup-will-be-broken-up/
The president of AMEX is in competition to be the next CEO and wins,
the looser takes his protege with him and leaves going to Baltimore,
acquiring what has been described as loan-sharking business. AMEX is
in competition to do private-equity, reverse IPO, leveraged buyout of
RJR and looses to KKR. KKR runs into problems with RJR and hires away
the AMEX president to turn it around. Then IBM has gone into the red
and is on the verge of being broken into the 13 "baby blues". IBM
board brings in this former AMEX president to resurrect the company
and reverse the breakup.
https://www.garlic.com/~lynn/submisc.html#gerstner
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
The looser and protege make some other acquisitions, eventually acquiring citibank in violation of Glass-Steagall. Greenspan gives them an exemption while they lobby congress for repeal; they also enlist the help of sec. of treasury, who had previously been head of Goldman ... who after it is done, resigns and becomes, what at the time, is called (citi) co-CEO; repeal of Glass-Steagall is enabler for too big to fail. The protege leaves and becomes CEO of one of the other too big to fail.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 17 Dec 2014 09:43:18 -0800hancock4 writes:
IBM Continues To Crumble
http://seekingalpha.com/article/2757655-ibm-continues-to-crumble
investors is now something of misnomer ... stockmarket and mortgage industry have both gone thru major transformation from investment to skim on the transaction ... frequently carefully manipulated. HFT somewhat carried to extreme ... in&out of a stock in milliseconds.
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
recent posts referencing IBM stock buyback contraption on steroids:
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#14 IBM to invest 1.2B into Cloud Data Centers
https://www.garlic.com/~lynn/2014b.html#25 IBM Asian Revenues Crash, Adjusted Earnings Beat On Tax Rate Fudge; Debt Rises 20% To Fund Stock Buybacks
https://www.garlic.com/~lynn/2014b.html#48 IBM Dumps Its Server Business On Lenovo For $2.3B
https://www.garlic.com/~lynn/2014b.html#79 Shocking news: Execs do what they're paid to do
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#54 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#80 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014g.html#111 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014l.html#60 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014m.html#61 Decimation of the valuation of IBM
recent posts mentioning manipulating mortgage industry by paying rating
agencies for triple-A ratings (creating securitized mortgages designed
to fail, paying for triple-A ratings, selling to their customers and
then taking out CDS/derivative gambling bets that they would fail,
creating enormous demand for dodgy mortgages)
https://www.garlic.com/~lynn/2014.html#47 McCain: Send Petraeus back to Iraq
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#98 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#0 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#8 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#19 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#28 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#74 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#75 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014c.html#22 US Federal Reserve pushes ahead with Faster Payments planning
https://www.garlic.com/~lynn/2014c.html#28 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#30 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014d.html#73 The Federal Reserve: Masters Of The Universe Or Trapped Incompetents?
https://www.garlic.com/~lynn/2014d.html#81 Eisenhower's military-industrial warning rings truer than ever
https://www.garlic.com/~lynn/2014e.html#62 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014e.html#80 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#9 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014h.html#40 Named Memory
https://www.garlic.com/~lynn/2014i.html#95 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014j.html#3 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014k.html#1 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014k.html#47 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014l.html#50 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014m.html#32 LEO
https://www.garlic.com/~lynn/2014m.html#73 The Watchdog that Didn't Bark ... Again
https://www.garlic.com/~lynn/2014m.html#121 Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For
https://www.garlic.com/~lynn/2014m.html#126 Wall Street's Revenge
https://www.garlic.com/~lynn/2014m.html#131 Memo To WSJ: The CRomnibus Abomination Was Not "A Rare Bipartisan Success"
recent posts mentioning HFT:
https://www.garlic.com/~lynn/2014.html#54 Pensions, was Re: Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#82 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#89 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#28 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#29 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#43 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#56 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#65 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014d.html#7 N.Y. Barclays Libor Traders Said to Face U.K. Charges
https://www.garlic.com/~lynn/2014d.html#93 New York seeks curbs on high-frequency trading
https://www.garlic.com/~lynn/2014e.html#18 FBI Investigates High-Speed Trading
https://www.garlic.com/~lynn/2014e.html#60 FBI Investigates High-Speed Trading
https://www.garlic.com/~lynn/2014e.html#72 Three Expensive Milliseconds
https://www.garlic.com/~lynn/2014f.html#3 Three Expensive Milliseconds
https://www.garlic.com/~lynn/2014f.html#20 HFT, computer trading
https://www.garlic.com/~lynn/2014f.html#25 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#41 System Response
https://www.garlic.com/~lynn/2014f.html#70 Obama Administration Launches Plan To Make An "Internet ID" A Reality
https://www.garlic.com/~lynn/2014g.html#1 HFT is harmful, say US market participants
https://www.garlic.com/~lynn/2014g.html#54 Has the last fighter pilot been born?
https://www.garlic.com/~lynn/2014g.html#64 HFT is harmful, say US market participants
https://www.garlic.com/~lynn/2014g.html#107 The SEC's Mary Jo White Punts on High Frequency Trading and Abandons Securities Act of 1934
https://www.garlic.com/~lynn/2014g.html#109 SEC Caught Dark Pool and High Speed Traders Doing Bad Stuff
https://www.garlic.com/~lynn/2014h.html#64 Dark Pool Greed Drove Barclays to Lie to Clients, N.Y. Says
https://www.garlic.com/~lynn/2014j.html#106 only sometimes From looms to computers to looms
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 17 Dec 2014 17:09:39 -0800hancock4 writes:
slightly related is enormous (accouting/CPA) effort involving tax code with enormous number of tax loopholes ... past claims that it costs 3-6% of GDP ... and that benefit move to "flat tax" gaining back to that 3-6% of GDP more than offsets the aggregate downside loosing all the tax loopholes (I can imagine CPA organizations lobbying against move to "flat tax" and eliminating "tax loopholes").
recent posts mentioning "flat tax" &/or "tax loopholes"
https://www.garlic.com/~lynn/2014b.html#33 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#40 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#57 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#60 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#73 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#94 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#99 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#100 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#17 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014f.html#14 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014l.html#3 HP splits, again
https://www.garlic.com/~lynn/2014l.html#4 HP splits, again
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#0 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#1 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#2 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#3 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#5 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#9 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#75 LEO
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 16 Dec 2014 Subject: A System 360 question Blog: Old Geekre:
standard reader/initiator serialized reading/printing with execution. HASP ran reading/printing to/from disk using trivial cpu cycles overlapped with program execution. A trivial program could run 3-4 minutes elapsed time w/o hasp ... but 30 secs w/hasp. Univ had student Fortran jobs tape - tape ibsys 709 around sec. per. Initial move to os/360 360/65 (many, many times faster cpu) ran closer to two minutes w/o hasp ... reduced to 30 secs w/hasp. It wasn't until war for monitor that it got back to a second
that "war for monitor" ... from cellphone auto correct. should be WATFOR monitor
Part of the slowdown of (dasd) os/360 compared to 709 ibsys tape-to-tape was that os/360 initiator and file open/close would have hundreds of disk accesses ... for every job step and every file open/close. Initial move to 360/65 in mid-60s suffered both serialized execution with unit record i/o ... as well as enormous number of disk access for job step processing. HASP fixed the serialized execution with unit record i/o ... but 3step fortran compile, link-edit and executed still took 30+ seconds elapsed time.
I did a lot of work on both os/360 and cp67 as undergraduate in the
60s. I did highly customized system generation carefully positioning
files and PDS members on disk to optimize arm seek motion ... which
got nearly factor three times improvement in fortran student job
throughput. I also rewrote lots of cp67 code to significantly reduce
virtual machine emulation overhead. Part of old SHARE presentation I
made fall of 1968 on both the OS/360 work and the CP67 work
https://www.garlic.com/~lynn/94.html#18
It wasn't until univ. installed WATFOR that student job elapsed time processing got down to comparable to 709. WATFOR was its own one-step job monitor ... it would start running and read all queued student jobs ... compiling & executing each one ... w/o going thru job step initiation.
This is post where somebody was reminiscing about early HASP, OS/VS2
(and future system) history
https://www.garlic.com/~lynn/2011d.html#73
HASP was done at Houston Space Center based on earlier experience with Moonlight. (ibm 7094/7044 direct coupled system, DCS). Other people from Moonlight create ASP ... HASP eventually morphs into JES2 and ASP morphs into JES3.
trivia: my wife as in the JES gburg group for awhile ... and one of the "catchers" for ASP turning it into JES3. She was co-author of JESUS (JES Unified System) specification ... all the features in JES2 and JES3 that neither customer set could live w/o .... but never came to fruition.
some past hasp, jes, nje posts
https://www.garlic.com/~lynn/submain.html#hasp
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Sony Corp hacking Newsgroups: alt.folklore.computers Date: Thu, 18 Dec 2014 09:26:23 -0800Michael Black <et472@ncf.ca> writes:
Neal Stepheson also had Steilacoom in one of his novels (I would see him
periodically at some computer conference)
https://en.wikipedia.org/wiki/Neal_Stephenson
past posts mentioning ferry in "war games"
https://www.garlic.com/~lynn/2002b.html#38 "war-dialing" etymology?
https://www.garlic.com/~lynn/2004p.html#40 Computers in movies
https://www.garlic.com/~lynn/2006f.html#7 The Pankian Metaphor
https://www.garlic.com/~lynn/2007v.html#12 What do YOU call the # sign?
https://www.garlic.com/~lynn/2008h.html#52 Microsoft versus Digital Equipment Corporation
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: How hyper threading works? (Intel) Newsgroups: comp.arch Date: Thu, 18 Dec 2014 16:51:51 -0800Stephen Fuld <SFuld@alumni.cmu.edu.invalid> writes:
recommendations were for 3380s dedicated for paging use and aggregate capacity ten times more than expected number of pages ... to increase likelyhood of empty tracks close to the current arm position (to minimize avg. arm travel distance)
note this was original 3380s that had 20 track-width spacing between data tracks, later 3380 models increased total number of tracks by decreasing spacing between data tracks (in part by heads flying closer to surface, so there was less signal interface from adjacent tracks). In the later timeframe, there was a special, high-performance 3380 that had original capacity (number of tracks) that could be field upgraded to triple-density 3380 (the high-performance 3380 with 1/3 the number of tracks was just limiting arm travel to 1/3rd the disk surface).
recent "big page" posting:
https://www.garlic.com/~lynn/2014i.html#96 z/OS physical memory usage with multiple copies of same load module at different virtual addresses
recent 3380 track-spacing posting:
https://www.garlic.com/~lynn/2014g.html#84 real vs. emulated CKD
https://www.garlic.com/~lynn/2014j.html#30 Univac 90 series info posted on bitsavers
https://www.garlic.com/~lynn/2014l.html#78 Could this be the wrongest prediction of all time?
https://www.garlic.com/~lynn/2014m.html#101 Page Data Set Sizes and Volume Types
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: weird apple trivia Newsgroups: alt.folklore.computers Date: Thu, 18 Dec 2014 19:49:56 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
there are some number of articles floating around the web regarding multiple members of the family involved in the S&L mess ... the latest
Jeb Bush: The Forrest Gump of Financial Improprieties?
http://www.nakedcapitalism.com/2014/12/jeb-bush-forest-gump-financial-improprieties.html
which cites this 14Oct1990 article
A Savings and Loan Bailout, and Bush's Son Jeb
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
and
The Bush Family: A Continuing Criminal Enterprise?
http://critcrim.org/critpapers/potter.htm
but also includes more recent references:
Old Family Scandals May Haunt Jeb Presidential Run
http://www.newsmax.com/Newsfront/Jeb-Bush-president-Columba-scandals/2014/04/16/id/566002/
Jeb Bush Has a Mitt Romney Problem
http://www.bloomberg.com/politics/features/2014-12-11/jeb-bush-has-a-mitt-romney-problem
Jeb Bush's web of interests face scrutiny as he "explores" presidential bid
http://www.ft.com/cms/s/78af1fe8-85e6-11e4-a105-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F78af1fe8-85e6-11e4-a105-00144feabdc0.html%3Fsiteedition%3Duk&siteedition=uk&_i_referer=http%3A%2F%2Fwww.nakedcapitalism.com%2F2014%2F12%2Fjeb-bush-forest-gump-financial-improprieties.html
other recent silverado references:
https://www.garlic.com/~lynn/2014c.html#32 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014e.html#36 Semi-OT: Government snooping was Re: Is there any MF shop using AWS service?
https://www.garlic.com/~lynn/2014e.html#76 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014g.html#21 Thomas Piketty Is Right About the Past and Wrong About the Future
https://www.garlic.com/~lynn/2014g.html#68 Revamped PDP-11 in Brooklyn
https://www.garlic.com/~lynn/2014h.html#22 $40 billion missile defense system proves unreliable
https://www.garlic.com/~lynn/2014l.html#25 HP splits, again
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: How hyper threading works? (Intel) Newsgroups: comp.arch Date: Fri, 19 Dec 2014 10:50:13 -0800Stephen Fuld <SFuld@alumni.cmu.edu.invalid> writes:
there are a couple other related issues.
the original cp67 delivered to univ when I was undergraduate in the 60s used a page replacement selection algorithm that was approx. global FIFO. one of the early things I did was enhance it to use the "reference" bits to do a (clock-like) global LRU. This was about the time the were academic papers being published about workset and local LRU page replacement.
At '81 ACM SIGOPS, Jim Gray talked to me about helping a co-worker of his at Tandem that was trying to get stanford PHD on page management that included global LRU ("clock") page replacement ... which was being strongly opposed by "local LRU" proponents
Part of the issue was in the early 70s, the Genoble scientific center modified their CP67 for working set dispatcher and local LRU (from the late 60s academic literature) ... and published ACM paper on the results ... they also had sent me a lot of the raw data. At that time the Cambridge scenter center with 768kbyte 360/67 (104 pageable pages after fixed storage requirements) with global LRU and 80-85 users had better response and throughput than the Grenoble science center with 1mbyte 360/67 (154 pageable pages) with local LRU and 30-35 users (running same kind of workload).
In this period, I was being blamed for online computer conferencing on the internal network (larger than arpanet/internet from just about the beginning until sometime late '85 or early '86). Folklore was that when the executive committee was told about online computer communication (and the internal network), 5of6 wanted to fire me. In any case, it took me almost a year to get approval to respond to the request (I would like to think they thot they were trying to punish me for online computer communication than they were taking sides in academic dispute).
copy of old communication
https://www.garlic.com/~lynn/2006w.html#email821019
there is a separate problem ... LRU assumes that the least recently used pages in the past are likely to be the least recently used pages in the future. However, under various pathelogical conditions, LRU can degenerate to FIFO and the replacement algorithm is constantly replacing the page that is about to be used in the future. In the 70s, I did a slight of hand coding where the global LRU (clock-like) algorithm would degenerate to random (rather than FIFO) ... so the page replacement wasn't constantly replacing the page that was about to be used in the future.
past posts on the subjects
https://www.garlic.com/~lynn/subtopic.html#wsclock
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is true that a real programmer would not stoop to wasting machine capacity to do the assembly? Newsgroups: alt.folklore.computers Date: Fri, 19 Dec 2014 13:53:23 -0800Peter Flass <peter_flass@yahoo.com> writes:
I got to design my own monitor, storage management, device drivers, interrupt handlers, error recover, etc and it eventually grew to be about a box of (2000) cards. I had assembler option that controlled with it did stand-alone monitor ... or ran under os/360 with DCB macros. The stand-alone version took about 30mins to assemble, the os/360 version took 60mins to assemble (6mins elapsed time to expand each of the five DCB macros).
they let me have the datacenter from 8am saturday until 8am monday ... 48hrs straight when everything was my personal computer (tho monday classes were a problem). I got quite proficient at binary "patches" ...
recent posts mentioning MPIO:
https://www.garlic.com/~lynn/2014.html#23 Scary Sysprogs and educating those 'kids'
https://www.garlic.com/~lynn/2014e.html#17 System/360 celebration set for ten cities; 1964 pricing for oneweek
https://www.garlic.com/~lynn/2014h.html#69 The Tragedy of Rapid Evolution?
https://www.garlic.com/~lynn/2014j.html#92 curly brace languages source code style quides
one of the battles during the period ... was highly optimized single mainframe used for business critical applications ... and wasting any of that resource for online interactive computing and people productivity.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 21 Dec 2014 Blog: IBM AlumniIBM Continues To Crumble
I was blamed for online computer conferencing on the internal network
(larger than arpanet/internet from just about the beginning until
sometime late '85 or early '86) in the late 70s and early
80s. Folklore is that when the executive committee was told about
online computer conferencing (and the internal network) 5of6 wanted to
fire me. From IBMJARGON:
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticized the way products were [are]
developed. The memos are required reading for anyone with a serious
interest in quality products. If you have not seen the memos, try
reading the November 1981 Datamation summary.
... snip ...
mentioning computer conferencing
https://www.garlic.com/~lynn/subnetwork.html#cmc
mentioning internal network
https://www.garlic.com/~lynn/subnetwork.html#internalnet
several other recent articles on the IBM "financial engineering" theme ... only one of them also seekingalpha
The Truth Hidden by IBM's Buybacks
http://dealbook.nytimes.com/2014/10/20/the-truth-hidden-by-ibms-buybacks/?_r=0
IBM and the financial engineering economy: James Saft
http://www.reuters.com/article/2014/10/21/us-markets-saft-idUSKCN0IA1II20141021
IBM no longer a tech company: Mark Cuban
http://www.cnbc.com/id/102109502
Mark Cuban Slams IBM: It's 'No Longer A Tech Company. They Have No Vision.'
http://www.businessinsider.com/mark-cuban-ibm-is-not-a-tech-company-2014-10
IBM: Financial Engineering 101 Says This Is Bad
http://seekingalpha.com/article/2608915-ibm-financial-engineering-101-says-this-is-bad
in the 70s had gotten involved with a 16-way SMP effort and co-opted
the spare time of 3033 processor engineers (lot more interesting than
remapping 168-3 logic to 20% faster chips). A first, lots of POK
thought it was really great idea ... and then somebody told the head
of POK that it might be decades before the POK favorite son operating
system would have 16-way support; then several of us were invited to
never visit POK again (and the 3033 processor engineers were told to
nose to the grindstone and never be distracted again).
https://www.garlic.com/~lynn/subtopic.html#smp
Over 10yrs later I was asked to help with the SCI activity out of SLAC
... which is picked up by a number of vendors for scalable
multiprocessor ... Convex, DG, SGI, Sequent, etc. This is about the
time that the IBM Kingston supercomputer effort is providing funds for
Chen supercomputer. I'm also working on cluster-scale-up for our HA/CMP
product ... old email about cluster scale-up ... working with national
labs & others on technical/scientific as well as RDBMS vendors on
commercial
https://www.garlic.com/~lynn/lhwemail.html#medusa
old reference to Jan1992 meeting on (commercial) cluster scale-up
https://www.garlic.com/~lynn/95.html#13
posts mentioning ha/cmp
https://www.garlic.com/~lynn/subtopic.html#hacmp
within a few weeks of above, cluster scalup is transferred, announced
as supercomputer for scientific/technical *ONLY* and we were told we
couldn't work on anything with more than four processors (the
mainframe DB2 group had been complaining that if we was allowed to go
ahead, I would be at least 5yrs ahead of them) ... which was major
motivation to decide to leave. Later Chen is CTO at Sequent and we are
brought in as consultants ... this is before being acquired by
IBM. There was then speculation that the IBM purchase was to divert
the Sequent SCI machine away from commercial threat to mainframe
market.
https://en.wikipedia.org/wiki/Sequent_Computer_Systems
finally Dec2000, mainframe z900 with 16processors, 156MIPS/proc, 2.5BIPS aggregate.
The president of AMEX is in competition to be the next CEO and wins,
the looser takes his protege with him and goes to Baltimore (acquiring
what has been described as loan sharking business). AMEX is in
competition to do private-equity, reverse IPO, leveraged buyout of RJR
and looses to KKR. KKR runs into problems with RJR and hires away the
AMEX president to turn it around. Then IBM has gone into the red and
is on the verge of being broken into the 13 "baby blues". IBM board
brings in this former AMEX president to resurrect the company and
reverse the breakup. Some of the measures used had been previously
applied to RJR:
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
posts mentioning former pres. of amex
https://www.garlic.com/~lynn/submisc.html#gerstner
posts referencing pensions
https://www.garlic.com/~lynn/submisc.html#pensions
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Lind's version of Success of Failure Date: 21 Dec 2014 Blog: Facebookalso Google+
Lind's version of Success of Failure "On War: The Collected Columns of
William S. Lind 2003-2009", loc1730-32 (July 29, 2004):
Remember, government bureaucracies don't get more money and more power
when they succeed, but when they fail. With an incentive system like
that, it is fairly obvious what the rest of us are going to get more
of: the consequences of intelligence failures.
... snip ...
https://www.amazon.com/War-Collected-Columns-William-2003-2009-ebook/dp/B00OY2QFAY/
and repeat Success of Failure ... 2007
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
aside trivia, Lind repeatedly sings the praises of John Boyd as
America's greatest military theorist ... I used to sponsor John's
briefings at IBM.
https://www.garlic.com/~lynn/subboyd.html
posts mentioning Success of Failure
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 22 Dec 2014 Blog: IBM Alumnire:
Note that SCI for NUMA/SMP started decade earlier ... and came from
guy out of SLAC (SCI was used by Sequent for NUMA/SMP, but also by at
least DG, SGI, Convex) At the time, POWER (RIOS) was no-cache
coherency at all and forced us into doing scale-up using cluster
(HA/CMP). Then there was somerset/AIM that sort of could be considered
adding 88K cache coherency for power/pc ... and the executive we
reported to (when we were doing HA/CMP) went over to head up
somerset. In the same time frame IBM bought Sequent ... IBM also
bought Informix (which could be also viewed as redirecting mainframe
commercial competition).
https://www.garlic.com/~lynn/subtopic.html#801
and
https://www.garlic.com/~lynn/subtopic.html#hacmp
I had earlier been at SJR and worked with Jim Gray ... original sql/relational implementation (System/R) ... when Jim left for Tandem he palmed a bunch of stuff on me. Later when we were doing HA/CMP ... we were working with Sybase, Ingress, Oracle, and Informix.
The "official" new database was EAGLE and with the company focused on
EAGLE, managed to do the tech transfer to Endicott and sneak system/r
out under the radar as SQL/DS while the company was focused on
EAGLE. When EAGLE imploded, there was then a request about how fast
System/R could be ported to MVS ... originally announced as DB2 for
analytics and business support *ONLY* (not transactions).
https://www.garlic.com/~lynn/submain.html#systemr
When we were doing HA/CMP ... IBM didn't have a "portable" relational implementation which forced us into working with the other RDBMS vendors for cluster scale-up; those vendors had portable source base that included DEC vax/cluster support. I did a distributed lock manager for ha/cmp that included emulation of the vax/cluster API semantics (to minimize effort to port to non-vax/cluster)... but fixed significant scale-up short comings of the vax implementation. During this period, Jim had moved from Tandem to DEC and we get into a little dustup over whether I can do business critical dataprocessing with off-the-shelf technology. Later he moves to m'soft research and has to be on the stage with the CEO when they announce cluster support for business critical dataprocessing using off-the-shelf technology.
In 1988 I had been asked to help LLNL standardize some serial stuff they had ... which quickly becomes fiber-channel standard. A little later, I was also asked to work with the guy out of SLAC responsible for SCI (basis for SMP/numa at convex, dg, sgi, sequent).
When cluster scale-up was transferred (announced as ibm supercomputer) and we were told we couldn't work on anything with more than four processors ... we decide to leave. As independent consultants ... we were brought into both Convex and Sequent.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 22 Dec 2014 14:54:44 -0800hancock4 writes:
boeing was major employer in seattle and when they had downturn ... it was big hit to seattle economy ... I remember one down turn where somebody got billboard that said something about when the last person leaves would they turn out the lights in seattle.
it came to mind in the early 90s ... when IBM went into the red and there was massive blood letting in hudson valley ... and somebody sent out an email requesting the last person to leave POK, please turn out the lights.
we had already left ... over the issue of cluster scale-up being
transferred and being told couldn't work on anything with more than four
processors ... part of ha/cmp
https://www.garlic.com/~lynn/subtopic.html#hacmp
somebody in the bowels of Armonk contacted us about doing an inventory
of all the interdivision MOUs/DOUs where one division had contract with
outside supplier ... that another division would be dependent on ... and
it was about to get much more complicated with the plans to break up the
company into the 13 baby blues. however, before we got started, the
board brings in a new CEO to resurrect the company and reverse the
breakup ... some past posts
https://www.garlic.com/~lynn/submisc.html#gerstner
note along the way (besides the email about turning out the lights in POK), we also hear complaints that the (470+) top executives weren't paying any attention to business ... but were totally focused on moving expenses from the following into the current year. The explanation from the bowels of Armonk was that the current year was already in the red (and the executives wouldn't get any bonus) ... but the way the executive bonus was written ... if they could move enough expenses from the following year (into the current) to make it even the slightest in the black ... they would get a bonus twice as large as the largest ever paid (nets out to being rewarded for taking the company into the black).
recent posts mentioning boeing computer services
https://www.garlic.com/~lynn/2014c.html#31 How many EBCDIC machines are still around?
https://www.garlic.com/~lynn/2014d.html#32 [OT ] Mainframe memories
https://www.garlic.com/~lynn/2014d.html#37 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014e.html#9 Boyd for Business & Innovation Conference
https://www.garlic.com/~lynn/2014e.html#19 The IBM Strategy
https://www.garlic.com/~lynn/2014e.html#23 Is there any MF shop using AWS service?
https://www.garlic.com/~lynn/2014e.html#69 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#36 IBM Historic computing
https://www.garlic.com/~lynn/2014f.html#73 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#80 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#90 A Drone Could Be the Ultimate Dogfighter
https://www.garlic.com/~lynn/2014f.html#92 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#28 Does IBM CEO Rometty Understand Cloud?
https://www.garlic.com/~lynn/2014g.html#57 Interesting and somewhat disturbing article about IBM in BusinessWeek. What is your opinion?
https://www.garlic.com/~lynn/2014i.html#13 IBM & Boyd
https://www.garlic.com/~lynn/2014i.html#31 Speed of computers--wave equation for the copper atom? (curiosity)
https://www.garlic.com/~lynn/2014i.html#40 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014j.html#14 Super Cane's Computers run Windows
https://www.garlic.com/~lynn/2014k.html#84 HP splits, again
https://www.garlic.com/~lynn/2014l.html#15 Do we really need 64-bit addresses or is 48-bit enough?
https://www.garlic.com/~lynn/2014l.html#88 IBM sees boosting profit margins as more important than sales growth
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 22 Dec 2014 14:56:47 -0800Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
there is recent ongoing discussion in linkedin "Mainframe Experts" group
about inventory of world-wide mainframes
https://lnkd.in/e4Urpcr
recent post about report that there is 18-20 million MIPS in mainframe capacity installed worldwide ... or 18-20TIPS. max. configured EC12 is rated at 75BIPS ... or 20TIPS is approx. equivalent of 270 such systems.
also e5-2600v1 blade are rated at 400-500+BIPS ... so a single rack of e5-2600v1 blades has as much as all mainframes in the world today (a typical cloud megadatacenter will have hundreds of thousands of such blades).
I've previously mentioned that 1qtr2014 ibm financials had the equivalent 16 max-configured ec12 being sold ... 56 on an annualized baises (or about 4.2TIPS).
a few recent posts
https://www.garlic.com/~lynn/2014.html#85 the suckage of MS-DOS, was Re: 'Free Unix!
https://www.garlic.com/~lynn/2014.html#97 Santa has a Mainframe!
https://www.garlic.com/~lynn/2014c.html#62 Optimization, CPU time, and related issues
https://www.garlic.com/~lynn/2014c.html#96 11 Years to Catch Up with Seymour
https://www.garlic.com/~lynn/2014e.html#12 The IBM Strategy
https://www.garlic.com/~lynn/2014f.html#49 Beyond the EC12
https://www.garlic.com/~lynn/2014f.html#50 Beyond the EC12
https://www.garlic.com/~lynn/2014f.html#51 Beyond the EC12
https://www.garlic.com/~lynn/2014f.html#67 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014f.html#86 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#92 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#2 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#4 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#12 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#20 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#49 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#105 Fifty Years of nitpicking definitions, was BASIC,theProgrammingLanguageT
https://www.garlic.com/~lynn/2014h.html#2 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#4 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#5 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#7 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#8 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#9 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#11 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014h.html#41 The Tragedy of Rapid Evolution?
https://www.garlic.com/~lynn/2014h.html#57 [CM] Mainframe tech is here to stay: just add innovation
https://www.garlic.com/~lynn/2014h.html#61 Are you tired of the negative comments about IBM in this community?
https://www.garlic.com/~lynn/2014h.html#68 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014i.html#9 With hindsight, what would you have done?
https://www.garlic.com/~lynn/2014i.html#78 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#97 The SDS 92, its place in history?
https://www.garlic.com/~lynn/2014j.html#35 curly brace languages source code style quides
https://www.garlic.com/~lynn/2014j.html#85 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#87 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#90 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#91 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#93 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014j.html#99 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
https://www.garlic.com/~lynn/2014k.html#5 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014k.html#11 1950: Northrop's Digital Differential Analyzer
https://www.garlic.com/~lynn/2014k.html#19 High CPU Utilized
https://www.garlic.com/~lynn/2014k.html#24 1950: Northrop's Digital Differential Analyzer
https://www.garlic.com/~lynn/2014k.html#74 Bell Picturephone--early business application experiments
https://www.garlic.com/~lynn/2014l.html#24 Unisys CEO ousted, shares slip
https://www.garlic.com/~lynn/2014l.html#37 Could this be the wrongest prediction of all time?
https://www.garlic.com/~lynn/2014l.html#43 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#56 This Chart From IBM Explains Why Cloud Computing Is Such A Game-Changer
https://www.garlic.com/~lynn/2014l.html#76 This Was the Very First Website In the US
https://www.garlic.com/~lynn/2014l.html#90 What's the difference between doing performance in a mainframe environment versus doing in others
https://www.garlic.com/~lynn/2014m.html#71 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#88 Death of spinning disk?
https://www.garlic.com/~lynn/2014m.html#105 IBM 360/85 vs. 370/165
https://www.garlic.com/~lynn/2014m.html#129 Is there an Inventory of the Installed Mainframe Systems Worldwide and or for Europe alone?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 22 Dec 2014 Blog: IBM Alumnire:
from Stockman's "Great Deformation" on IBM's financial engineering:
IBM was not the born-again growth machine trumpeted by the mob of Wall
Street momo traders. It was actually a stock buyback contraption on
steroids. During the five years ending in fiscal 2011, the company
spent a staggering $67 billion repurchasing its own shares, a figure
that was equal to 100 percent of its net income.
and
Total shareholder distributions, including dividends, amounted to $82
billion, or 122 percent, of net income over this five-year
period. Likewise, during the last five years IBM spent less on capital
investment than its depreciation and amortization charges, and also
shrank its constant dollar spending for research and development by
nearly 2 percent annually.
... snip ...
Also observes stock buybacks are mini-form of LBO ... aka the
industry had gotten such a bad name during the S&L crisis that the
industry changed its name to private equity and "junk bonds" became
"high-yield bonds". there have been past references to IBM's core
business is maximizing executive compensation ... which translates
into whatever the executive compensation plan calls for. reference to
corporate governance doesn't ever mention maximizing shareholder value
(... but tends to be a rallying cry behind which maximizing executive
compensation occurs)
http://www.nakedcapitalism.com/2013/10/why-the-maximizing-shareholder-value-theory-of-corporate-governance-is-bogus.html
from above:
If you review any of the numerous guides prepared for directors of
corporations prepared by law firms and other experts, you won't find a
stipulation for them to maximize shareholder value on the list of
things they are supposed to do. It's not a legal requirement. And
there is a good reason for that.
Directors and officers, broadly speaking, have a duty of care and duty
of loyalty to the corporation. From that flow more specific
obligations under Federal and state law. But notice: those
responsibilities are to the corporation, not to shareholders in
particular.
... snip ...
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
in 2012, mainframe processor accounted for 4% of revenue, but mainframe division accounted for 25% of total revenue and 40% of profit.
mainframe processor sales after having been relatively steady for some time, has recently been declining. there was recent claim that there is somewhere around aggregate mainframe 18-20 million MIPS processing worldwide or 18-20TIPS .... current max configured EC12 is rated at 75BIPS ... 18-20TIPS then is around 270 max configured EC12. 1stQTR2014 financials has equivalent of 16 max configured EC12 sold ... or 56 on annualized basis ... around 4.2TIPS. By comparison a E5-2600 blade has around .5TIP rating (which IBM had base list price of $1815) ... then a single rack would have higher processor rating than the aggregate of all mainframes in the world today (a typical cloud megadatacenters has hundreds of thousands of such blades).
ec12 processor chips are in 32nm technology. recent news intel is spending $5B to build 14nm fab ... potentially with 450mm wafers. Straight map of ec12 32nm chips to 14nm then would have full year's sales from a single wafer.
recent posts mentioning "Great Deformation":
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#14 IBM to invest 1.2B into Cloud Data Centers
https://www.garlic.com/~lynn/2014b.html#25 IBM Asian Revenues Crash, Adjusted Earnings Beat On Tax Rate Fudge; Debt Rises 20% To Fund Stock Buybacks
https://www.garlic.com/~lynn/2014b.html#48 IBM Dumps Its Server Business On Lenovo For $2.3B
https://www.garlic.com/~lynn/2014b.html#79 Shocking news: Execs do what they're paid to do
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#54 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014c.html#107 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014e.html#75 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014f.html#33 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014f.html#48 IBM hopes new chip can turn the tables on Intel
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#80 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014g.html#111 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014h.html#0 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014l.html#36 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#60 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#61 Decimation of the valuation of IBM
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 23 Dec 2014 08:03:16 -0800Peter Flass <peter_flass@yahoo.com> writes:
I mentioned periodically commenting that it takes 4-10 times the effort to take straight-line application and turn it into industrial/business strength "service".
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 23 Dec 2014 10:11:56 -0800scott@slp53.sl.home (Scott Lurndal) writes:
there were doing things like prepaying for large block of airline tickets, prepaying for telephone, anything else they could get away. IBM wasn't the only company into financial engineering.
re:
https://www.garlic.com/~lynn/2013k.html#50 IBM Furloughs U.S. Hardware Employees to Reduce Costs
Age of Greed: The Triumph of Finance and the Decline of America, 1970
to the Present; pg200/loc3925-30:
The CNNMoney writers got it slightly wrong. GE was not exactly like
the American economy. It was even more dependent on financial
services. In the early 2000s, GE was again riding a financial wave,
the subprime mortgage lending boom; it had even bought a subprime
mortgage broker. GE borrowed still more against equity to exploit the
remarkable opportunities, its triple-A rating giving it a major
competitive advantage. By 2008, the central weakness of the Welch
business strategy, its dependence on financial over speculation,
became ominously clear. GE's profits plunged during the credit crisis
and its stock price fell by 60 percent. GE Capital, the main source of
its success for twenty-five years, now reported enormous losses.
pg324/loc6382-85:
General Electric's persistent earnings increases were a leading
example of how earnings were manipulated to produce consistent
gains. Fortune analyzed how Jack Welch used both pension fund reserves
and reserves at GE Capital to supplement quarterly earnings in order
to make them rise consistently. As noted, they rose every quarter for
almost thirteen years. GE stock roughly tripled between 1990 and 1995
and then quintupled between 1995 and early 2000
... snip ...
note there were references to using GE Capital numbers to manage quarterly financial reports ... which supposedly are also against the rules.
other refs:
https://www.garlic.com/~lynn/2005s.html#48 Gartner: Stop Outsourcing Now
https://www.garlic.com/~lynn/2008c.html#12 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2011p.html#9 The Dumbest Idea In The World: Maximizing Shareholder Value
https://www.garlic.com/~lynn/2012.html#77 Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
https://www.garlic.com/~lynn/2012c.html#62 Why Is Finance So Big?
https://www.garlic.com/~lynn/2012h.html#77 Interesting News Article
https://www.garlic.com/~lynn/2013e.html#10 The Knowledge Economy Two Classes of Workers
https://www.garlic.com/~lynn/2013k.html#33 Management Secrets From Inside GE
https://www.garlic.com/~lynn/2013k.html#51 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2014.html#84 Royal Pardon For Turing
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 23 Dec 2014 13:45:22 -0800hancock4 writes:
what I've seen are people that don't figure that they will be around in 15-20 years ... and therefor want to minimize the current condo fees for reserves associated with things that call for replacement in 15-30 years (fudging projected interest rates on reserve balance and other manipulation)
analogous to top executives wanting to take bonuses instead of fully
funding pension plans
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
or deferring other kinds of maintenance and taking it as executive
bonuses, utility got dinged for that in cal., PUC had rate structure
that included brush and limb clearing ... where executives were
skimming it for bonuses instead ... until there were some power lines
sparking brush fires
https://www.garlic.com/~lynn/2011n.html#65 Soups
https://www.garlic.com/~lynn/2012h.html#31 How do you feel about the fact that today India has more IBM employees than US?
https://www.garlic.com/~lynn/2013g.html#61 What Makes a bridge Bizarre?
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 23 Dec 2014 13:50:57 -0800re:
... also call for 100% unearned profit tax on the US auto industry
... where they were suppose to take the profit that resulted after the
import quotas and use it to totally remake themselves ... instead they
just pocketed it and continued business as usual ... a few recent refs:
https://www.garlic.com/~lynn/2013.html#1 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013e.html#79 As an IBM'er just like the Marines only a few good men and women make the cut,
https://www.garlic.com/~lynn/2013i.html#94 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#40 Internet Mainframe Forums Considered Harmful
https://www.garlic.com/~lynn/2013o.html#0 'Free Unix!': The world-changing proclamation made30yearsagotoday
https://www.garlic.com/~lynn/2013o.html#46 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2014c.html#12 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014k.html#83 HP splits, again
https://www.garlic.com/~lynn/2014m.html#8 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#24 weird apple trivia
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Tue, 23 Dec 2014 17:29:33 -0800Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
Possibly because even GAO didn't believe that SEC was doing anything, it started doing reports of public company fraudulent financial filings ... even showing that they increased after Sarbanes-Oxley passed (and nobody doing jail time).
past posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
past posts mentioning sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
past posts mentioning public company fraudulent financial filings
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
I facetiously created multi-choice about SOX: 1) SOX had no effect on financial reporting fraud, 2) SOX encouraged financial reporting fraud, 3) if it hand't been for SOX, financial report fraud would have been much worse.
note that part of the ENRON was also preventing derivatives from being regulated ... and then shows up in major factor in the economic mess last decade ... and more recently shows up ... where Dodd-Frank required regulated, FDIC insured depository institutions had to do their derivative gambling outside the insured institution ... and that was recently reversed with rider in the most recent budget bill.
Taxpayers Could Be on the Hook for Trillions in Oil Derivatives
http://www.counterpunch.org/2014/12/23/taxpayers-could-be-on-the-hook-for-trillions-in-oil-derivatives/
Memo To WSJ: The CRomnibus Abomination Was Not 'A Rare Bipartisan
Success'
http://davidstockmanscontracorner.com/memo-to-wsj-the-cromnibus-abomination-was-not-a-rare-bipartisan-success/
Memo To WSJ: The CRomnibus Abomination Was Not "A Rare Bipartisan
Success"
http://www.zerohedge.com/news/2014-12-16/memo-wsj-cromnibus-abomination-was-not-rare-bipartisan-success
Wall Street's Revenge; Dodd-Frank Damaged in the Budget Bill
http://www.nytimes.com/2014/12/15/opinion/paul-krugman-dodd-frank-damaged-by-the-budget-bill.html
Who Really Runs the United States? Jamie Dimon
http://wolfstreet.com/2014/12/16/who-really-runs-the-united-states-jamie-dimon/
Matti Taibbi: Dodd-Frank Budget Fight Proves Democratic Party are
Controlled and Corrupted by Wall Street
http://johnhively.wordpress.com/2014/12/17/matti-taibbi-dodd-frank-budget-fight-proves-democratic-party-are-controlled-and-corrupted-by-wall-street/
David Stockman Interview: The Case For Super Glass-Steagall
http://davidstockmanscontracorner.com/david-stockman-interview-the-case-for-super-glass-stegall/
Gramm (with help from his wife) is #2 on times list responsible for
financial mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
including GLBA act that repeals Glass-Steagall (enabling too big to fail, too big to prosecute, and too big to jail) ... but also a number of other things ... including provision in commodities futures modernization act preventing derivatives/CDSs from being regulated.
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy Gramm
resigned from the commission. Enron soon appointed her to its board of
directors, where she served on the audit committee, which oversees the
inner financial workings of the corporation. For this, the company paid
her between $915,000 and $1.85 million in stocks and dividends, as much
as $50,000 in annual salary, and $176,000 in attendance fees,
... snip ...
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=aYJZOB_gZi0I
That same year Greenspan, Treasury Secretary Robert Rubin and SEC
Chairman Arthur Levitt opposed an attempt by Brooksley Born, head of the
Commodity Futures Trading Commission, to study regulating
over-the-counter derivatives. In 2000, Congress passed a law keeping
them unregulated.
... snip ...
Brooksley was fairly quickly replaced by Wendy Gramm as head of Commodity Futures Trading Commission (pending provision by her husband preventing regulating CDS) before Wendy then resigned to join Enron's board (and audit committee overseeing Enron financial reporting). Preventing regulation of CDS was originally favor for ENRON, but then later plays major role in the financial mess (and AIG).
SOX also had requirement that SEC do something about the rating agencies. Note that wallstreet found that they could securitize mortgages and pay rating agencies for triple-A ratings (when the sellers and the rating agencies knew that they weren't worth triple-A). With the triple-A rating they could now do no-documentation, liar loans. They were even packaging securitized mortgages (CDOs) designed to fail, selling them to their customers and then taking out gambling derivative (CDS) bets that they fail ... which was creating huge demand for dodgy mortgages.
Pecora &/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
too big to fail posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 24 Dec 2014 09:50:42 -0800hancock4 writes:
part of the joke with Sarbanes-Oxley and the increased stringent audits (and it wouldn't actually make any difference) ... was that it was full employment gift to the audit industry ... after having "destroyed" andersen (congress was working up to too big to fail, large US institutions weren't going to be treated so badly again, regardless of the severity of their fraudulent behavior).
past posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
past posts mentioning sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
past posts mentioning public company fraudulent financial filings
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
too big to fail ...
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
in 2004 I got invited to EU financial conference with corporate CEOs and exchange presidents at the castle in Liechtenstien (the conference seemed to be part of trying to improve Liechtenstien image and get it off the money laundering black list) ... theme was on how SOX audit requirements were starting to pollute outside the US (anybody doing business with US corporations). I talked about how the audits were going to have little effect public company fraudulent financial filings (then GAO started publishing reports showing financial filing fraud actually increased after SOX).
old post
https://www.garlic.com/~lynn/2011n.html#42 The Godfather of Kathmandu
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is true that a real programmer would not stoop to wasting machine capacity to do the assembly? Newsgroups: alt.folklore.computers Date: Wed, 24 Dec 2014 10:08:54 -0800Shmuel (Seymour J.) Metz <spamtrap@library.lspace.org.invalid> writes:
for other drift ... over in facebook discussion about how the tools you
use can shape your worldview ... i referenced one of my periodic themes
that the compromizes made in the original sql/relational implementation
tailored for the financial industry ... system/r
https://www.garlic.com/~lynn/submain.html#systemr
contorts other domains when forced to convert into RDBMS table form and
eliminate all NULLS/unknowns ... referenced this old post discussing
problem that SQL has with NULS/unknowns and 3-value logic:
https://www.garlic.com/~lynn/2003g.html#40 How to cope with missing values - NULLS?
which then brought up
http://c2.com/cgi/wiki?ThreeValuedLogic
and
https://en.wikipedia.org/wiki/Many-valued_logic
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 24 Dec 2014 13:39:36 -0800"Osmium" <r124c4u102@comcast.net> writes:
besides previously mentioned #2 on times list of those responsible for
financial crisis
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
#4 is former head of SEC
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877323,00.html
#3 is former head of Federal Reserve
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877331,00.html
Sarbanes-Oxley also supposedly had SEC doing something about the rating
agencies ... who played major pivotal role in the financial mess ...
selling the triple-A ratings on toxic CDOs fueling the whole thing
of over $27T:
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=home&sid=a0jln3.CSS6
The S&L Crisis had 30,000 criminal referrals and 1,000 criminal convictions, the financial mess was 70 times larger than the S&L crisis and there have been no criminal referrals and no criminal convictions.
regulatory agencies failing to provide adult supervision during the last decade resulted in the crisis ... the lack of prosecution currently creates moral hazard and sets things up for it to be repeated (whether or not it is currently being prosecuted doesn't go back in time and change what happened then).
Note I'm linked with somebody on linkedin that was the FDIC senior large bank examiner the middle of last decade. He reported what was going on at Washington Mutual and was replaced ... he then became a "whistleblower" (he has published paper trail, including several that went to the head of the FDIC) ... and has since been treated very, very badly by the gov.
it is much worse than
https://en.wikipedia.org/wiki/William_K._Black
account of what went on with
https://en.wikipedia.org/wiki/Keating_Five
during the
https://en.wikipedia.org/wiki/Savings_and_Loan_Crisis
posts mentioning whistleblower:
https://www.garlic.com/~lynn/submisc.html#whistleblower
posts mentioning Glass-Steagall:
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
posts mentioning toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
posts mentioning fed chairman(s)
https://www.garlic.com/~lynn/submisc.html#greenspan
posts mentioning too big to fail
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
posts mentioning ENRON
https://www.garlic.com/~lynn/submisc.html#enron
posts mentioning sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
posts mentioning fraudulent financial reporting
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: BDW length vs. Physical Length Newsgroups: bit.listserv.ibm-main Date: 25 Dec 2014 17:58:36 -0800cblaicher@SYNCSORT.COM (Blaicher, Christopher Y.) writes:
ECKD started out when MVS couldn't support FBA ... and they wanted to retrofit 3380 3mbyte/sec disks to 168&3033 1.5mbyte/sec channels ... getting CALYPSO to work was something of horror story
past posts mentioning FBA, CKD, multi-track seek, etc
https://www.garlic.com/~lynn/submain.html#dasd
past posts specifically mentioning CALYPSO
https://www.garlic.com/~lynn/2004o.html#7 Integer types for 128-bit addressing
https://www.garlic.com/~lynn/2007e.html#40 FBA rant
https://www.garlic.com/~lynn/2007f.html#0 FBA rant
https://www.garlic.com/~lynn/2008q.html#40 TOPS-10
https://www.garlic.com/~lynn/2009k.html#44 Z/VM support for FBA devices was Re: z/OS support of HMC's 3270 emulation?
https://www.garlic.com/~lynn/2009p.html#11 Secret Service plans IT reboot
https://www.garlic.com/~lynn/2010e.html#36 What was old is new again (water chilled)
https://www.garlic.com/~lynn/2010h.html#30 45 years of Mainframe
https://www.garlic.com/~lynn/2010n.html#14 Mainframe Slang terms
https://www.garlic.com/~lynn/2011e.html#35 junking CKD; was "Social Security Confronts IT Obsolescence"
https://www.garlic.com/~lynn/2012j.html#12 Can anybody give me a clear idea about Cloud Computing in MAINFRAME ?
https://www.garlic.com/~lynn/2012o.html#64 Random thoughts: Low power, High performance
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 25 Dec 2014 Blog: Current and Ex-IBM EmployeeIBM Continues To Crumble
similar threads in other groups
https://www.garlic.com/~lynn/2014m.html#140 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#142 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#145 IBM Continues To Crumble
several other recent articles on the IBM "financial engineering" theme ... only one of them also seekingalpha
The Truth Hidden by IBM's Buybacks
http://dealbook.nytimes.com/2014/10/20/the-truth-hidden-by-ibms-buybacks/?_r=0
IBM and the financial engineering economy: James Saft
http://www.reuters.com/article/2014/10/21/us-markets-saft-idUSKCN0IA1II20141021
IBM no longer a tech company: Mark Cuban
http://www.cnbc.com/id/102109502
Mark Cuban Slams IBM: It's 'No Longer A Tech Company. They Have No
Vision.'
http://www.businessinsider.com/mark-cuban-ibm-is-not-a-tech-company-2014-10
IBM: Financial Engineering 101 Says This Is Bad
http://seekingalpha.com/article/2608915-ibm-financial-engineering-101-says-this-is-bad
from Stockman's "Great Deformation" on IBM's financial engineering:
IBM was not the born-again growth machine trumpeted by the mob of Wall
Street momo traders. It was actually a stock buyback contraption on
steroids. During the five years ending in fiscal 2011, the company
spent a staggering $67 billion repurchasing its own shares, a figure
that was equal to 100 percent of its net income.
and
Total shareholder distributions, including dividends, amounted to $82
billion, or 122 percent, of net income over this five-year
period. Likewise, during the last five years IBM spent less on capital
investment than its depreciation and amortization charges, and also
shrank its constant dollar spending for research and development by
nearly 2 percent annually.
... snip ...
2012, mainframe processor accounted for 4% of revenue, but mainframe division accounted for 25% of total revenue and 40% of profit.
mainframe processor sales after having been relatively steady for some time, has recently been declining. there was recent claim that there is somewhere around aggregate mainframe 18-20 million MIPS processing worldwide or .... current max configured EC12 is rated at 75BIPS ... 18-20TIPS then is around 270 max configured EC12. 1stQTR2014 financials has equivalent of 16 max configured EC12 sold ... or 56 on annulized basis ... around 4.2TIPS. By comparison a E5-2600 blade has around .5TIP rating (which IBM had base list price of $1815) ... then a single rack would have higher processor rating than the aggregate of all mainframes in the world today (a typical cloud megadatacenters has hundreds of thousands of such blades).
ec12 processor chips are in 32nm technology. recent news intel is spending $5B to build 14nm fab ... potentially with 450mm wafers. Straight map of ec12 32nm chips to 14nm then would have full year's sales from a single wafer.
for the fun of it ... This has an account of the end of IBM's ACS
https://people.computing.clemson.edu/~mark/acs_end.html
it was terminated in the late 60s after IBM management decided that it would advance the computer state-of-the-art too fast and IBM might loose control of the market. Amdahl leaves shortly afterwards and starts his own company. At the end of the article it has list of items from ACS that show up with es/9000 two decades later..
Then about the same time, IBM starts the FS effort that was going to
completely replace 370 ... and internal politics was then killing off
370 efforts ... which is credited with giving clone computers a market
foothold. And on change in IBM's corporate culture ... from "Computer
Wars: The Post-IBM World", Ferguson & Morris (about failure of FS):
and perhaps most damaging, the old culture under Watson Snr and Jr of
free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived
in the shadow of defeat
... and:
But because of the heavy investment of face by the top management, FS
took years to kill, although its wrongheadedness was obvious from the
very outset. "For the first time, during FS, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
note during the FS period, I continued to work on 370 stuff and would
even periodically ridicule the FS activity (which wasn't exactly a
career enhancing activity).
https://www.garlic.com/~lynn/submain.html#futuresys
The original SQL/relational was System/R and we were able to sneak the
technology transfer to Endicott for SQL/DS under the radar because the
corporation was preoccupied with the next generation DBMS EAGLE. When
EAGLE imploded there was then a request about how fast it would take
to port System/R to MVS ... which is eventually released as DB2 (for
decision support *only* ... not transactions)
https://www.garlic.com/~lynn/submain.html#systemr
long ago and far away my wife was con'ed into going to POK to be in
charge of loosely-coupled architecture (mainframe for "cluster")
... while there she created "peer-coupled architecture". She didn't
remain very long because 1) constant battles with communication group
to force her to use SNA for loosely-coupled operation and 2) little
uptake of her architecture, except for IMS hot-standby (until sysplex
and parallel sysplex).
https://www.garlic.com/~lynn/submain.html#shareddata
when we were doing "cluster scale-up" for the last product we did at
IBM ... HA/CMP, I created the terms disaster survivability and
geographic survivability when I was out marketing. I also got asked
to write a section for the corporate continuous availability strategy
document ... but it was pulled when both rochester (as/400) and POK
(mainframe) complained that they couldn't meet the objectives.
https://www.garlic.com/~lynn/submain.html#available
for cluster scale-up, we were working with national labs and others on
scientific/technical as well as with the RDBMS vendors for
commercial. This is reference to meeting in Ellison's conference room
Jan1992 on cluster scale-up
https://www.garlic.com/~lynn/95.html#13
however the (mainframe) DB2 group were complaining if I was allowed to
go ahead, I would be at least five years ahead of them. Within a few
weeks of the above, the scale-up was transferred, announced as IBM
supercomputer (for technical/scientific *ONLY*) and we were told we
couldn't work on anything with more than four processors
... motivating decision to leave.
https://www.garlic.com/~lynn/subtopic.html#hacmp
during FS, I continued to work on 370 ... even periodically ridiculing Future System (including drawing parallels between FS and a long running cult film playing down in central sq) ... which wasn't exactly a career enhancing activity.
Later, during the late 70s and early 80s, I was blamed for online
computer conferencing on the internal network (larger than the
arpanet/internet from just about the beginning until sometime late '85
or early '86 ... *AND* *NOT* *SNA*). Folklore is that when the
executive committee was told about online computer conferencing (and
the internal network), 5of6 wanted to fire me.
https://www.garlic.com/~lynn/subnetwork.html#cmc
stock buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
(other) recent posts/threads mentioning buybacks:
https://www.garlic.com/~lynn/2014.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014b.html#14 IBM to invest 1.2B into Cloud Data Centers
https://www.garlic.com/~lynn/2014b.html#16 IBM to invest 1.2B into Cloud Data Centers
https://www.garlic.com/~lynn/2014b.html#25 IBM Asian Revenues Crash, Adjusted Earnings Beat On Tax Rate Fudge; Debt Rises 20% To Fund Stock Buybacks
https://www.garlic.com/~lynn/2014b.html#34 IBM sells x86 server business to Lenovo (was Levono)
https://www.garlic.com/~lynn/2014b.html#48 IBM Dumps Its Server Business On Lenovo For $2.3B
https://www.garlic.com/~lynn/2014b.html#79 Shocking news: Execs do what they're paid to do
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014b.html#101 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014b.html#104 Defense Department Needs to Act Like IBM to Save Itself
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014c.html#48 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#54 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014d.html#31 Apple's long IRS-Irish history
https://www.garlic.com/~lynn/2014d.html#91 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014e.html#75 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014e.html#77 Why IBM Is Tumbling: BRIC Sales Plunge, Total Revenue Lowest Since 2009
https://www.garlic.com/~lynn/2014f.html#1 Why IBM Is Tumbling: BRIC Sales Plunge, Total Revenue Lowest Since 2009
https://www.garlic.com/~lynn/2014f.html#33 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014f.html#43 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014f.html#48 IBM hopes new chip can turn the tables on Intel
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#57 Fed's stress tests were a confidence-rattling comedy of errors
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#80 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2014f.html#84 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014g.html#111 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014h.html#0 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014h.html#3 The Decline and Fall of IBM
https://www.garlic.com/~lynn/2014i.html#100 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014k.html#4 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2014l.html#3 HP splits, again
https://www.garlic.com/~lynn/2014l.html#35 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#36 IBM 'major announcement' points to deal on chip manufacturing
https://www.garlic.com/~lynn/2014l.html#49 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#50 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#60 IBM's Ginni Rometty Just Confessed To A Huge Failure -- It Might Be The Best Thing For The Company
https://www.garlic.com/~lynn/2014l.html#89 Forbes perspective on IBM's troubles
https://www.garlic.com/~lynn/2014l.html#94 weird apple trivia
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#4 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#58 Wall Street is Taking Over America's Pension Plans
https://www.garlic.com/~lynn/2014m.html#61 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#132 LEO
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is true that a real programmer would not stoop to wasting machine capacity to do the assembly? Newsgroups: alt.folklore.computers Date: Fri, 26 Dec 2014 10:49:09 -0800Huge <Huge@nowhere.much.invalid> writes:
with re-assembly taking 30-60 minutes ... it was frequently much faster to patch the txt/binary deck than to re-assembly. Before "REP" cards ... I would fan the deck looking for the card with that location (12-2-9 TXT cards had very specific format including the address of the data field part of the card) and then "multi-punch" the patch direclty into a duplicated card (i.e. duplicate the card out to the data to be patched, multi-punch the change and then duplicate the rest of the card). I got quite proficient at hexadecimal reading (& multi-punch) the holes in the cards.
it wasn't a turn-around problem ... since they let me have the whole datacenter from 8am sat. to 8am monday as my personal computer ... it was just that patching the cards was so much faster than waiting for the re-assembly.
past posts detailing formation of 12-2-9 TXT cards
https://www.garlic.com/~lynn/95.html#4 1401 overlap instructions
https://www.garlic.com/~lynn/2001.html#14 IBM Model Numbers (was: First video terminal?)
https://www.garlic.com/~lynn/2001.html#60 Text (was: Review of Steve McConnell's AFTER THE GOLD RUSH)
https://www.garlic.com/~lynn/2001m.html#45 Commenting style (was: Call for folklore)
https://www.garlic.com/~lynn/2006g.html#58 REP cards
https://www.garlic.com/~lynn/2007q.html#69 IBM System/3 & 3277-1
https://www.garlic.com/~lynn/2007q.html#70 IBM System/3 & 3277-1
other recent posts mentioning MPIO
https://www.garlic.com/~lynn/2014.html#23 Scary Sysprogs and educating those 'kids'
https://www.garlic.com/~lynn/2014e.html#17 System/360 celebration set for ten cities; 1964 pricing for oneweek
https://www.garlic.com/~lynn/2014h.html#69 The Tragedy of Rapid Evolution?
https://www.garlic.com/~lynn/2014j.html#92 curly brace languages source code style quides
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Fri, 26 Dec 2014 11:04:31 -0800hancock4 writes:
the economic mess of last decade equivalent was being able to pay rating
agencies for triple-A ratings on securitized loans (when both sellers
and the rating agencies knew they weren't worth triple-A ... from
Oct2008 congressional hearings). That enabled the no-documentation, liar
loans and the business purely became how many & how fast they could be
generated (w/o any regard to loan quality) ... resulting in the over
$27T done during the mess:
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
this was further aggrevated by wallstreet packaging securitized loans
designed fail, selling them to their customers and then taking out CDS
gambling bets that they would fail ... creating an enormous demand
specifically for dodgy loans (triple-A rating eliminating sellers &
wallstreet having to care about loan quality, the CDS gambling bets for
securitized loans designed to fail ... created enormous demand
specifically for bad loans/mortgages).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Fri, 26 Dec 2014 11:35:26 -0800"Osmium" <r124c4u102@comcast.net> writes:
note that last decade ... the problem wasn't the lack of down payment ... being able to pay for triple-A rating enabled no-documentation, no-down, liar loans ... w/o regard to loan quality ... which enabled over $27T to be sold off to large funds that were restricted to only dealing in "safe" investments (like the large institutional retirement funds). Then wallstreet enormous appetite specifically for bad loans to package in securitized instruments designed to fail, enormously aggrevated the situation.
The GSEs (freddy & fannie) had been directly buying individual mortgages where they looked at the supporting documents for loan quality ... and was in range of hundreds of billions ... not the tens of trillions being sold by wallstreet to their investors (that tanked the US&world economy). Focus on GSEs has mostly been obfuscation and misdirection.
The lack of any down payment or equity helps increase the size of
the bubble. In '29 crash, wallstreet was basically doing stock market
pump&dump and making nearly 100% loans to the public to inflate the
bubble.
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Last decade, the real estate bubble was side effect of enormous demand
that wallstreet had for dodgy loans packaged in triple-A rated
securitized instruments designed to fail ... which wallstreet could sell
off to large institution funds ... and then make derivative CDS gambling
bets that they would fail. Not requiring down payment was side-effect of
increasing the velocity of loan generation (and being able to pay for
triple-A rating which eliminated any consideration about loan quality)
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Fri, 26 Dec 2014 12:08:06 -0800re:
the enormous demand for dodgy (no-documentation, no-down, liar) loans to be used in (triple-A rated) securitized toxic CDOs designed to fail drove volume to over $27T (sold to typical wallstreet investors, especially those large retirement funds restricted to "safe" investments) and drove real-estate bubble inflation to 20-30%/annum in many markets. When the bubble burst, lots of home prices were reset to the start of the bubble ... some prices dropped in half.
Even if the GSEs do a couple hundred billion at no-down ... it is still
pretty much at the bottom of the market ... so there is little
likelyhood they would be stuck with property that was sold at height of
the bubble that could loose half their value ... and can't possibly have
the effect of the over $27T done by wallstreet in liar loans ... aka GSEs
might do 1% of $27+T done by wallstreet with liar loans
Evil Wall Street Exports Boomed With 'Fools' Born to Buy Debt
https://www.bloomberg.com/news/articles/2008-10-27/evil-wall-street-exports-boomed-with-fools-born-to-buy-debt
past posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Fri, 26 Dec 2014 16:17:50 -0800greymausg <maus@mail.com> writes:
crash of '29 ... wallstreet was scamming the stock market ... selling &
reselling at constantly inflating market (skimming money out of the
market itself).
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
last decade ... wallstreet was scamming the bond/securities market ...
getting triple-A rating on securitized loans/CDOs designed to fail
... selling them to their customers and taking bets that they would
fail ... the triple-A rating major factor in being able to do over
$27T. A side-effect of wallstreet's enormous demand for dodgy loans
... was inflation in the real-estate market ... wallstreet wasn't
directly playing the real-estate market (like they were playing the
stock market in the '29 crash) ... however that doesn't mean that
other players weren't also able to get a piece of the action from
wallstreet's enormous demand for dodgy loans (and the rapidly
inflating real-estate market).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The GSEs (fannie & freddie) were buying individual mortgages from financial institutions, requiring loan quality and supporting documentation ... to the tune of several hundred billion ... possibly 1-2% of what wallstreet was doing through its triple-A rated securitized loan scams.
Somewhere late in the game, the GSEs then have large amount of these
wallstreet designed-to-fail securitized loans on their books ... and
I don't exactly know what were the steps leading up to that happening
... however recent court cases they've been able to reverse the
transactions and/or collect large restitution fees from the
responsible wallstreet institutions.
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
note that part of the moral hazard scenario ... is that individuals get the benefits and institutions cover the losses. In some cases they get the taxpayer to make the institutions at least break even ... but the individuals still get to walk away with trillions ... even if the institutions don't come out that far ahead.
Some of these legal actions are on going ... and while the tens of billions that too big to fail are setting aside to cover the liabilities, seem like large amounts (and complain about it affecting their quarterly profits) ... it still is small potatoes compared to the trillions they skimmed off ... example ..
Bank of America to Pay $16.65 Billion in Historic Justice Department
Settlement for Financial Fraud Leading up to and During the Financial
Crisis
http://www.justice.gov/opa/pr/bank-america-pay-1665-billion-historic-justice-department-settlement-financial-fraud-leading
The bank has also conceded that it originated risky mortgage loans and
made misrepresentations about the quality of those loans to Fannie Mae,
Freddie Mac and the Federal Housing Administration (FHA).
... snip ...
JPMorgan Chase Agrees to $13 Billion Settlement with the U.S. Justice
Department for Knowingly Selling Toxic Mortgage-Backed Securities
http://www.mortgagecrisiswatch.com/2013/11/20/jpmorgan-chase-agrees-to-13-billion-settlement-with-the-u-s-justice-department-for-knowingly-selling-toxic-mortgage-backed-securities/
Note that not criminally prosecuting the executives at the too big to
fail (too big to prosecute, too big to jail) for the economic mess
... somewhat goes along with moral hazard and being able to get away
with other criminal behavior, money laundering for drug cartels and
terrorists
https://www.garlic.com/~lynn/submisc.html#money.laundering
manipulating LIBOR
https://www.garlic.com/~lynn/submisc.html#libor
as well as manipulation they've been doing in various commodity markets (gold, foreign exchange, etc).
Gold Fix Study Shows Signs of Decade of Bank Manipulation
http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html
Forex manipulation: How it worked
http://www.cnbc.com/id/101482959
Citigroup, JPMorgan to Pay Most in $4.3 Billion FX Rigging Cases
http://www.bloomberg.com/news/2014-11-12/banks-to-pay-3-3-billion-in-fx-manipulation-probe.html
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Slushware Newsgroups: bit.listserv.ibm-main Date: 27 Dec 2014 09:38:54 -08000000000433f07816-dmarc-request@LISTSERV.UA.EDU (Paul Gilmartin) writes:
In the mid-70s, I had been sucked in by Endicott to help with microcode
assists for 138/148 ... vertical microcode machine that avg. 10
microcode instructions per 370 instruction (not that different from the
various intel based simulators). Was told that there were 6kbytes
available for microcode and kernel instruction sequences dropped into
microcode on nearly byte for byte ... so was to identify the top 6kbytes
worth of kernel instruction sequences ... that would be moved to
microcode for a 10:1 performance improvement. Old post with results of
analysis ... turns out top 6kbytes of instruction sequences accounted
for 79.55percent of kernel time.
https://www.garlic.com/~lynn/94.html#21
In any case, I was giving presentations on the effort at the monthly bay area user group meetings (BAYBUNCH) held at SLAC ... and the Amdahl people were pumping me for additional details at the get togethers held at local watering holes after the meetings (this was before hypervisor was announced).
After hypervisor was announced ... the 3090 was eventually forced to respond with PR/SM. Part of the issue was that 3090 was horizontal microcode machine ... which was enormously more difficult to program for than 370 instructions ... and was much more difficult.
I had been told that Amdahl had original evolved macrocode to respond to the enormous number of architecture tweaks that IBM had been doing on their "high-end" (vertical microcode machines) starting with the 3033 and continued through 3081 (macrocode used to drastically reduce the effort needed to respond).
I've mentioned before ... during FS period ... internal politics were
killing off 370 efforts (the lack of 370 products during this period
is credited with giving clone processor makers a market foothold)
... then when FS imploded there was mad rush to get 370 products back
into pipeline. POK kicked off 3033 (initially 168 logic remapped to
20% faster chips) and 3081 in parallel ... more detailed account here:
http://www.jfsowa.com/computer/memo125.htm
since that neither 3033 or 3081 were really that competitive, the architecture tweaks would supposedly give the machines competitive advantage ... many were claimed to be performance improvements ... but folklore is that many actually ran slower (than native 370). Part of the issue is the high-end, horizontal microcode machines were profiled in terms of avg. machine cycles per 370 instruction ... by 3033, this was done to cloe to one machine cycle per 370 instruction (370 instruction move to microcode couldn't see the 10:1 improvement seen on the vertical microcode machines). In anycase, it sort of drove Amdahl into creating macrocode as a way of drastically simplifying being able to respond to the increased architecture tweaking.
The other factor was that part of the mad rush after FS failure, the head of POK managed to convince corporate to kill off vm370, shutdown the development group and move all the people to POK ... or otherwise POK would be able to make mvs/xa ship schedule several years (Endicott managed to save the vm370 product mission, but had to reconstitute a development group from scratch). Part of the POK activity was creating a XA vritual machine VMTOOL (to support MVS/XA development) that was never intended to be made available to customers.
After initial introduction of 370/xa and MVS/XA ... there was very slow uptake ... customers continued to run 3081s in 370 mode with MVS (or vm370). The decision then was to release the VMTOOL as the "migration aid" ... allowing customers to run both MVS and MVS/XA concurrently on the same machine as aid to migration. Amdahl solution was the hypervisor which provided the same capability ... but much more efficiently.
IBM eventually responded with PR/SM on the 3090 ... but it was much greater effort because it required being all done in native horizontal microcode.
The POK(/Kingston) group then pushed very hard to have migration aid morph into standard VM/XA product. The problem was that VMTOOL had only been developed for MVS/XA development and lacked lots of function and performance features (especially compared to vm370 of the period) and was going to require lots of resources, effort and time to bring up to comparable level of vm370. Somebody at an internal datacenter had made the changes to vm370 to provide full function 370/XA support ... which would have been trivial to release. In the internal politics between POK and Endicott, POK managed to prevail and the vm370 370/xa was shelved (never to be heard of again) and the significant effort to bring VMTOOL (migration aid) up to vm370 product level, was launched.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sat, 27 Dec 2014 10:07:56 -0800Dave Garland <dave.garland@wizinfo.com> writes:
About the same time, AMEX spins off a huge amount of its dataprocessing (and financial services outsourcing) as FDC in what was the largest IPO up until that time. A little later, FDC merges with First Financial ... acquiring Western Union (which wasn't doing all that well at the time, but FDC does have to spin-off Moneygram as part of the merger).
However, by the middle of last decade, with the enormous explosion in illegal workers sending their paychecks home, Western Union has grown to account for half FDC's bottom line. Western Union is then spun-off in an IPO ... and KKR does a private-equity LBO of the remaining FDC ... in what was the largest reverse-IPO up until that time (15yrs after having been the largest IPO). Somewhere along the line, the president of Mexico mentions that if the FDC executives would like to visit mexico, he would be happy to throw them in jail.
past posts mentioning former president of AMEX and CEO of IBM
https://www.garlic.com/~lynn/submisc.html#gerstner
posts referencing pensions
https://www.garlic.com/~lynn/submisc.html#pensions
private equity
https://www.garlic.com/~lynn/submisc.html#private.equity
FDC had a few large mainframe datacenters ... one operation had 40+ that were constantly being upgraded to the max. configured mainframes available with none older than 18months ... at @$30+M ... and there were other financial services datacenters that were larger ... such operations account for large fraction of all the mainframe business.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Slushware Newsgroups: bit.listserv.ibm-main Date: Sat, 27 Dec 2014 11:09:41 -0800ibm-main@TPG.COM.AU (Shane Ginnane) writes:
single monolithic operating systems can become enormously complex and bloated, both in terms of pathlength and human resources required to manage.
in the later part of the last century, lots of large institutions found it was less expensive to have dedicated server for each function than the staff to manage multiple functions on single server.
by the middle of last decade, large institutions found that they had thousands of servers that avg. 10% processor utilization. the virtual machine vendors had story that these institutions could achieve 10:1 server consolidation ... the slight increase in staff needed to manage virtual machine operation ... was more than offset by the savings (hardware and people) with the 10:1 server consolidation.
along the way, the virtual machine vendors also evolved virtual appliances & containers ... basically a stripped down operating system tailored for virtual machine operation as well as tailored to the dedicated application being run. the virtual appliance approach had enormous deployment benefits (staff, administration, management) ... as well as lower cpu utilization (stripped down operating system plus virtual machine) than the monolithic operating system approach.
the virtual appliance approach had its genesis with the service virtual machine at the science center under cp67 (precursor to vm370) for the VNET/RSCS networking function used for the internal network (larger than arpanet/internet from just about the beginning until sometime late '85 or early '86) and also later used for the corporate sponsored unversity network, BITNET (and EARN in europe).
some past science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
some past internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
some past bitnet/earn posts
https://www.garlic.com/~lynn/subnetwork.html#bitnet
it is possible to also get into conceptual and philosophical about the benefits of partitioning problems compared to trying to deal with single monolithic infrastructure. A trivial example is adding networking to HASP/JES2 versis the vnet/rscs approach. The HASP/JES2 code was picked up from univ. (source code for a time still carried "TUCC" in columns 68-71). It scavenged unused entries in the HASP 255-entry psuedo device table (typically limiting network node definitions to around 150-160) ... and it intermixed HASP/JES2 & networking fields in the header. The implementation would discard traffic if the origin &/or destination wasn't in the local table ... and had habit of crashing JES2 and taking down MVS ... when there was traffic between different versions of JES2 (that had slightly different header field format).
By comparison, VNET/RSCS had none of these limitations ... and was major reason that the internal network was larger than arpanet/internet (until mid-80s), why MVS/JES2 systems had to be restricted to boundary nodes on the internal network ... and why there grew up a library of VNET/RSCS drivers that talked to JES2 ... which was sensitive to all the possible JES2 header field formats and would automagically convert to the format required by the JES2 being directly talked to (to try and avoid JES2 at one release level from crashing JES2/MVS systems at different release levels).
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Slushware Newsgroups: bit.listserv.ibm-main Date: 27 Dec 2014 18:40:27 -08000000000433f07816-dmarc-request@LISTSERV.UA.EDU (Paul Gilmartin) writes:
for other hercules drift ... risc processors had performance advantage over intel ... risc having made extensive use of technolology to compensate for the increasing mismatch between memory latency and processor speed ... out-of-order execution, speculative execution, branch-prediction, etc ... sort of the hardware equivalent of '60s multiprogramming to keep processor busy while waiting for disk access (current memory latency, measured in count of cpu cycles is comparable to 60s disk latency when measured in number of 60s cpu cycles).
however, for nearly 20yrs, intel has gone to hardware layer that translates intel instructions into risc micro-ops for execution ... largely negating any risc performance advantage.
note that somewhat similar (out-of-order, etc) technology started to be introduced for z196 ... claiming it provided over half the performance improvement from z10 to z196 ... and further additions responsible for some of the z196 to ec12 performance improvement.
another technology (compensating for stalled instructions) is
hyperthreading. I first ran into it when I was asked to help 370/195 for
a hyperthreading implementation they wanted to do. 370/195 had pipeline
supporting out-of-order execution that could run at 10mips ... but
didn't have branch prediction ... so conditional branches would stall
the pipeline ... many codes only ran at 5mips. The idea was to simulate
multiprocessor operation with two instruction streams, registers ... but
still the same pipeline and execution units (two 5mip instruction steams
keeping the 10mip execution units busy). note that it dates back to
acs/360 in the late 60s ... see multithreading reference near the end of
this article
https://people.computing.clemson.edu/~mark/acs_end.html
also referenced here
https://en.wikipedia.org/wiki/Simultaneous_multithreading
SPARC T5 can have 8chips/system, 16cores/chip and 128threads/chip (aka
8threads/core)
https://en.wikipedia.org/wiki/SPARC_T5
by comparison, about same time as ec12, e5-2600v1 had two 8core chips for 16cores total and 400-600+ BIPS rating (depending on model) ... compared to max configured (101 processors) EC12 @75BIPS. both e5-2600v1 and ec12 processor chips are done in 32nm technology.
intel has a tick-tock chip generation
https://en.wikipedia.org/wiki/Intel_Tick-Tock
alternates shrinking previous chip design with new technology (tick,
e5-2600v2 22nm tech) and then designing new chip for the new technology
(tock, e5-2600v3 redesign 22nm). some e5-2600v3 (& v4) discussion
http://techgadgetnews.com/2014/09/21/intel-xeon-e5-2600-v3-haswell-ep-workstation-and-server-processors-unleashed-for-high-performance-computing/
E5-2690v1 at 632BIPS, E5-2690v2 at 790BIPS, E5-2690v3 at 996BIPS,
E5-2699v3 at 1.321TIPS.
http://www.tomshardware.com/reviews/intel-xeon-e5-2600-v3-haswell-ep,3932-7.html
note MIPS/BIPS/TIPS are benchmark iterations compared to 370/158 assumed to be 1MIP processor.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Sun, 28 Dec 2014 09:20:41 -0800Peter Flass <peter_flass@yahoo.com> writes:
past posts mentioning the food transportation theme
https://www.garlic.com/~lynn/2002c.html#6 medium term future of the human race
https://www.garlic.com/~lynn/2003i.html#21 Spam Bomb
https://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008b.html#59 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008f.html#65 China overtakes U.S. as top Web market
https://www.garlic.com/~lynn/2008l.html#40 dollar coins
https://www.garlic.com/~lynn/2008l.html#38 dollar coins
https://www.garlic.com/~lynn/2010p.html#55 TCM's Moguls documentary series
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Slushware Newsgroups: bit.listserv.ibm-main Date: 28 Dec 2014 11:56:48 -0800re:
as an aside ... the hardware layer from i86 instructions to risc
micro-ops for execution ... isn't serialized ... it is pipelined
operation ... simple version starts with overlapping instruction fetch &
decode with instruction execution
https://en.wikipedia.org/wiki/Instruction_pipeline
the above mentions that pentium4/pentuimD had 31-stage pipeline ... longest in mainstream consumer computing
longer pipeline affects the latency for any specific instruction getting executed ... but isn't (necessarily) limiting in the aggregate instruction execution rate (since the operations are overlapped in parallel).
there was recent claim (in ibm linkedin discussion) that there is
approx. mainframe aggregate 18-20 milllion MIPS in the world today ...
or the equivalent of around 270 max. configured EC12s (@75BIPS) ... or
about 15 e5-2699v3 blades (@1.3TIPS). A typically cloud megadatacenter
can have several hundred thousand blades ... and a standardized
virtualization/container facility goes a long way to simplifying the
operation.
http://www.networkcomputing.com/cloud-infrastructure/virtual-machines-vs-containers-a-matter-of-scope/a/d-id/1269190
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is true that a real programmer would not stoop to wasting machine capacity to do the assembly? Newsgroups: alt.folklore.computers Date: Mon, 29 Dec 2014 10:30:15 -0800Ahem A Rivet's Shot <steveo@eircom.net> writes:
building a lunar base with 3d printing
http://sservi.nasa.gov/articles/building-a-lunar-base-with-3d-printing/
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 29 Dec 2014 10:37:33 -0800hancock4 writes:
past posts that highways cost/design based on expected lifetime
heavy truck axle-load
https://www.garlic.com/~lynn/2002j.html#41 Transportation
https://www.garlic.com/~lynn/2004e.html#7 OT Global warming
https://www.garlic.com/~lynn/2006g.html#5 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#6 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#10 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#12 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#15 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#19 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#24 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#26 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#32 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#35 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#46 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#48 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#49 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#50 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#51 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#52 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#53 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#54 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#56 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#57 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#59 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#60 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#61 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#62 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#0 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#5 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#6 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#11 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#23 The Pankian Metaphor
https://www.garlic.com/~lynn/2007n.html#97 Loads Weighing Heavily on Roads
https://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008e.html#48 fraying infrastructure
https://www.garlic.com/~lynn/2008l.html#25 dollar coins
https://www.garlic.com/~lynn/2008l.html#36 dollar coins
https://www.garlic.com/~lynn/2008l.html#37 dollar coins
https://www.garlic.com/~lynn/2008l.html#54 dollar coins
https://www.garlic.com/~lynn/2008n.html#41 VMware Chief Says the OS Is History
https://www.garlic.com/~lynn/2010m.html#61 Idiotic cars driving themselves
https://www.garlic.com/~lynn/2010n.html#39 Central vs. expanded storage
https://www.garlic.com/~lynn/2010p.html#52 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2011n.html#80 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2011n.html#83 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2013h.html#28 "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2013h.html#29 "Highway Patrol" back on TV
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Mon, 29 Dec 2014 11:15:20 -0800greymausg <maus@mail.com> writes:
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 29 Dec 2014 Blog: IBM - Past and Present EmployeesIBM Continues To Crumble
similar threads in other groups
https://www.garlic.com/~lynn/2014m.html#140 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#142 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#145 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#155 IBM Continues To Crumble
I was blamed for online computer conferencing on the internal network
(larger than arpanet/internet from just about the beginning until
sometime late '85 or early '86) in late 70s and early 80s. Folklore is
that when executive committee was informed of online computer
conferencing (and the internal network), 5of6 wanted to fire me
(possibly why they didn't was large number of internal datacenters
running my systems, however i was told that i could forget any
possibility of promotions or corporate awards). from IBMJARGON:
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticized the way products were [are]
developed. The memos are required reading for anyone with a serious
interest in quality products. If you have not seen the memos, try
reading the November 1981 Datamation summary.
... snip ...
past posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
One of the techniques used to try and shutdown open discussion was FUD. IBM sales & marketing had become quite skilled at FUD during the (then) recent FS period. FS was going to completely replace 370 and completely different ... and internal politics was killing off 370 efforts (I continued to work on 370 stuff during the period and would even periodically ridicule FS activities, which wasn't exactly career enhancing activity). The lack of 370 products during the FS period is credited with giving the 370 clone processor makers and market foothold ... but also left sales&marketing with the only thing to fall back on was FUD.
And on change in IBM's corporate culture ... from "Computer Wars: The
Post-IBM World", Ferguson & Morris (about failure of FS):
and perhaps most damaging, the old culture under Watson Snr and Jr of
free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived
in the shadow of defeat
... and:
But because of the heavy investment of face by the top management, FS
took years to kill, although its wrongheadedness was obvious from the
very outset. "For the first time, during FS, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
past posts
https://www.garlic.com/~lynn/submain.html#futuresys
There is ongoing discussion in ibm-main ... a discussion mailing list
originally started on (univ) BITNET in the 80s ... now gatewayed to
usernet news and google groups
https://groups.google.com/forum/#!topic/bit.listserv.ibm-main/A8t_PPmBO7g
my most recent post also archived here:
https://www.garlic.com/~lynn/2014m.html#166
as an aside ... the hardware layer from i86 instructions to risc
micro-ops for execution ... isn't serialized ... it is pipelined
operation ... simple version starts with overlapping instruction fetch
& decode with instruction execution
https://en.wikipedia.org/wiki/Instruction_pipeline
the above mentions that pentium4/pentuimD had 31-stage pipeline ... longest in mainstream consumer computing
longer pipeline affects the latency for any specific instruction getting executed ... but isn't (necessarily) limiting in the aggregate instruction execution rate (since the operations are overlapped in parallel).
there was recent claim (in ibm linkedin discussion) that there is
approx. mainframe aggregate 18-20 milllion MIPS in the world today
... or the equivalent of around 270 max. configured EC12s (@75BIPS)
... or about 15 e5-2699v3 blades (@1.3TIPS). A typically cloud
megadatacenter can have several hundred thousand blades ... and a
standardized virtualization/container facility goes a long way to
simplifying the operation.
http://www.networkcomputing.com/cloud-infrastructure/virtual-machines-vs-containers-a-matter-of-scope/a/d-id/1269190
middle 80s top management was predicting that IBM world-wide sales was about to double from $60B to $120B mostly based on mainframe hardware ... and kicked off a massive internal building program to double manufacturing capacity (it wasn't exactly career enhancing to point out that the mainframe hardware sales were starting to go in the other direction). There was also big influx in "fast track" (MBAs) ... quickly rotating through various business units ... apparently preparing for doubling of the business.
A senior disk engineer got a talk scheduled at communication group
world-wide internal annual conference supposedly on 3174 performance
... however he opened the talk with the statement that the
communication group was going to be responsible for the demise of the
disk division. The issue was that the communication group had stranglehold
on datacenter with its strategic ownership of everything that
crossed the datacenter wall and was fighting off distributed computing
and client/server trying to preserve its (emulated) dumb terminal
paradigm and install base. The disk division was seeing data fleeing
to more distributed computing friendly platforms with drop in disk
sales. The disk division had come up with a number of solutions to
reverse the trend, but they were constantly vetoed by the
communication group. some past refs
https://www.garlic.com/~lynn/subnetwork.html#terminal
gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
A couple years later the company has gone into the red and was on the verge of being broken up into the 13 "baby blues".
2012 there was analysis that mainframe processor sales accounted for 4% of revenue, but the overall mainframe division accounted for 25% of revenue and 40% of profit (software & services, $6.25 total dollars for every dollar in processor sales). A big part of this is large financial datacenters with scores of max. configured mainframes that were constantly updated to the most recent model ... running extremely high value applications that had mostly originated in the 60s&70s.
In the 90s flurry to move off mainframes, the financial industry spent billions of dollars on (failed) re-engineering efforts to redo those legacy overnight batch settlement applications to straight-through processing on large number of "killer micros" (the increasing workload and globalization shrinking the overnight window was putting extreme pressure in being able to get the batch settlement work done in the overnight batch window). In the wake of those failed efforts, there were industry comments that it would be quite some time before it was tried again (waiting on all the people involved in the 90s to have retired).
The upthread reference to estimate of 18-20 million aggregate world-wide mainframe MIPS processing is the equivalent of 270 max configured EC12 (@75BIPS) and @$33M ... was about the annual sales for extended period. However, recent financial numbers is that it has dropped to about 1/5th that ... indicating that financial industry may be on the move again.
The max. configured EC12 @75BIPS and $33M is $440K/BIPS. IBM had base list price of $1815 for e5-2600v1 blade ... approx. $3.50/BIPS. For decade or so the large cloud megadatacenters claim they assemble their own servers blades for 1/3rd the price of brand name (IBM, DELL, HP, etc) or a little over $1/BIPS (increasing shift to cloud computing putting downward pressure on server profit margins and possible motivation for IBM to unload its server business). The e5-2699v3 at 1.3TIPS is over twice the processing power of e5-2600v1 blades of 2-3 years ago (A single rack of e5-2699v3 blades would represents more processing power than the aggregate of all mainframes in the world today ... and a typical cloud megadatacenter will have hundreds of thousands of such blades at nearly one millionth the cost of equivalent mainframe processing).
recent posts mentioning overnight batch window
https://www.garlic.com/~lynn/2014b.html#29 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014b.html#81 CPU time
https://www.garlic.com/~lynn/2014b.html#83 CPU time
https://www.garlic.com/~lynn/2014c.html#22 US Federal Reserve pushes ahead with Faster Payments planning
https://www.garlic.com/~lynn/2014c.html#90 Why do bank IT systems keep failing ?
https://www.garlic.com/~lynn/2014e.html#10 Can the mainframe remain relevant in the cloud and mobile era?
https://www.garlic.com/~lynn/2014f.html#69 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014f.html#78 Over in the Mainframe Experts Network LinkedIn group
https://www.garlic.com/~lynn/2014g.html#14 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014j.html#38 Meet Cobol's hard core fans
https://www.garlic.com/~lynn/2014j.html#93 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014l.html#76 This Was the Very First Website In the US
https://www.garlic.com/~lynn/2014m.html#71 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#119 Holy Grail for parallel programming language
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From: Anne & Lynn Wheeler <lynn@garlic.com> Date: 29 Dec 2014 Subject: European data law: UK.gov TRASHES 'unambiguous consent' plans Blog: Financial Crime Risk, Fraud and Securityalso Google+
European data law: UK.gov TRASHES 'unambiguous consent' plans
http://www.theregister.co.uk/2014/12/29/uk_trashes_consent_plans_in_eu_data_protection_reforms
Cal. state (after passing data breach notification law) was working on
opt-in personal information sharing legislation ... when the
financial industry got an opt-out provision added to GLBA (now
better known for repeal of Glass-Steagall), preempting the cal. state
legislation. Opt-in required that the institution have explicit
record of individual agreeing to personal information sharing,
Opt-out instead requires that the institution have explicit record
of individual objecting to personal information sharing.
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
and
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
At 2004 annual privacy conferencing in Wash. DC there was panel discussion with all the FTC commissioners and somebody in the audience got up as asked the FTC if they were going to do anything about opt-out. He said he was associated with technology used in all the financial industry call centers and knew that none of the 1-800 opt-out operations had any facilities for making a record of "out-out" requests (and with no opt-out record, there was no restrictions on sharing personal information)
recent posts mentioning opt-in/opt-out
https://www.garlic.com/~lynn/2014f.html#70 Obama Administration Launches Plan To Make An "Internet ID" A Reality
https://www.garlic.com/~lynn/2014f.html#94 Privacy vs. freedom of the press--Google court ruling
https://www.garlic.com/~lynn/2014g.html#15 Is it time for a revolution to replace TLS?
https://www.garlic.com/~lynn/2014g.html#19 350 DBAs stare blankly when reminded super-users can pinch data
https://www.garlic.com/~lynn/2014g.html#21 Thomas Piketty Is Right About the Past and Wrong About the Future
https://www.garlic.com/~lynn/2014g.html#76 Did these tech and telecom companies assess the risk and return with respect to Anti-Money Laundering challenges?
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Slushware Newsgroups: bit.listserv.ibm-main Date: 29 Dec 2014 22:00:50 -0800alan_altmark@US.IBM.COM (Alan Altmark) writes:
79/80 there was effort to replace the myriad of internal microprocessors with 801/risc ... 801 Iliad chips for the low & mid-range 370s, 801 ROMP chip for the follow-on to the displaywriter, new 801 chip for the AS/400 (follow-on to s/36 & s/38), 801 chips for wide variety of (disk, tape, communication, etc) controlers, etc.
For various reasons all of these failed and things returned to business as usual with various CISC chips ... and started to see 801 chip engineers leaving to other vendors to work on risc programs there.
the follow-on to 4331/4341, 4361&4381 were originally to be 801 microprocessors with 370 simulation done in 801 software ... rather than whatever preceeding CISC processors were used ("vertical microcode" that avg. ten native instructions per 370 instruction). There was even work on JIT (just in time dynamic compiling of 370 into native 801/risc) ... somewhat analogous to what is seen with some modern day JAVA.
I helped with white paper that shot down the use of 801/Iliad for 4381 ... the story was that CISC chips were getting sophisticated enough that much of 370 instructions could be directly implemented in silicon ... rather than having to be all simulation in microcode (software) ... resulting in significant better price/performance.
as/400 eventually abandoned 801/risc implementation, changing to
traditional CISC microprocessor. However, a decade later AS/400 did move
over to 801/risc with power/pc. past 801/risc, iliad, romp, rios, power,
etc posts
https://www.garlic.com/~lynn/subtopic.html#801
A little later, IBM Germany did the (native) 370 "ROMAN" chipset. Somehow somebody in Nixdorf (did 370 clones) came into possession of detailed specs. for ROMAN. He sent it to somebody at Amdahl that he had been working with ... who presented it to me to return to the rightful owners (trying to avoid any litigation that might come from having come into the possession of the document).
Turns out that I was trying to get a project going to package a few
dozen "ROMAN" chipsets in a rack. It was sort of follow-on to something I
had gotten dragged into a few years earlier. I had access to engineering
4341 (before first customer ship) and got asked to do some benchmarking
for national lab that was looking at getting 70 4341s for compute farm (sort of
precursor to modern grid & supercomputing). A cluster of 4341s had more
computer power than high-end mainframes, were much cheaper, and required
much less floor space and environmentals. old 4341 email
https://www.garlic.com/~lynn/lhwemail.html#4341
later I got involved in doing something similar ... but packing as many
801/RIOS chips in a rack as possible (instead of 370/ROMAN). some old
email
https://www.garlic.com/~lynn/lhwemail.html#medusa
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 30 Dec 2014 Blog: IBM - Past and Present EmployeesIBM Continues To Crumble
similar threads in other groups
https://www.garlic.com/~lynn/2014m.html#140 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#142 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#145 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#155 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#170 IBM Continues To Crumble
Note that there was big jump in price/performance of mid-range
computing ... which resulted in explosion in the mid-range
market. 4300s sold against DEC VAX and in similar numbers for small
unit numbers. Big difference was large corporate orders for hundreds
of 4300s at a time that went out in departmental areas (sort of the
leading edge of the distributed computing tsunami). Clusters of 4341s
also had more processing power, cost less, better price/performance
and had lower physical and environmental footprint than high-end
mainframes. At one point head of POK got corporate to cut allocation
of a critical 4341 manufacturing component in half (trying to limit
threat). I had access to engineering 4341 (before they starting
shipping) and was con'ed into do benchmarks for national lab that was looking
at getting 70 4341s for compute farm (leading edge of modern GRID,
cloud, and supercomputing). some old email
https://www.garlic.com/~lynn/lhwemail.html#4341
4361/4381s were follow-on to 4331/4341 and originally were expected to
continue the explosion in sales ... but by that time the mid-range
market was already starting to move to workstations and large
PCs. This old post has a decade of DEC VAX sales, sliced&diced by
year, model, US/non-US ... showing the collapse of the mid-range
market:
https://www.garlic.com/~lynn/2002f.html#0
In early 90s I was asked to help guy from SLAC on technology that was
being standardized for high-performance processor interconnect
... including processor cache coherency ... which eventually morphs
into SCI. Then several vendors use SCI to tie together 128-256
processor chips trying to move into the high-end enterprise market
(Convex using HP chips, later bought by HP, SGI using MIPS chips,
Sequent & DG using Intel chips). Most straight-forward to moving into
commercial, high-end enterprise market was trying to get the RDBMS
vendors to scale-up to such processor configurations. The one that
survived the longest was Sequent (lots of barriers to moving into the
high-end enterprise market) ... but then IBM bought Sequent and shut
it down. some old smp posts
https://www.garlic.com/~lynn/subtopic.html#smp
Part of what overran scale-up with the SCI approach ... was the emerging cloud computing paradigm ... they were starting to heavily focus on doing their own assembles at optimal price/performance (initial upfront part costs, lifetime power, cooling, MTBF, etc) ... which emerges as enormous numbers of identical blades. They also radically change the computing market because they are doing their own machines which they view as a cost item ... not a profit item.
slightly related, some old ha/cmp posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
and some old ha/cmp scale-up email
https://www.garlic.com/~lynn/lhwemail.html#medusa
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: SUBJECT: New scientific breakthrough in software creates virtual "black hole" for data transmission Newsgroups: alt.folklore.computers Date: Tue, 30 Dec 2014 10:18:16 -0800Andy Burns <usenet.feb2014@adslpipe.co.uk> writes:
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Holy Grail for parallel programming language Date: 30 Dec 2014 Blog: LinkedInre:
Not OODA ... but x-over that I periodically draw with Boyd's "Organic Design For Command & Control" ... and the characterization that military has been rigid, top-down command&control. RDBMS table format convention tends to be relatively rigid ... because creating it for other than financial accounts tends to be extremely human/time intensive ... that along with SQL difficulty dealing with 3-value logic and NULLs/unknowns (not known true/false).
reading: On War: The Collected Columns of William S. Lind 2003-2009,
loc899-901:
Here are two concrete examples: if Transformation truly means moving
the U.S. Army from the 2nd Generation to the 3rd, headquarters above
the brigade level would become both fewer and smaller. Will that
happen? Another example: a 3rd Generation military understands John
Boyd's point that implicit communications are faster and more
reliable than explicit communications.
... snip ...
my computer example ... as youngster (undergraduate) in the 60s, I was obsessed with code optimization, processing power being scarce/bottleneck resource. I worked hard to radically cut number of instructions to perform functions ... sometimes by a factor of one hundred times. I then got enamored with doing things in zero instructions ... reorganizing whole other sections of the infrastructure so what I wanted to happen was a side-effect of the re-org. The problem was that all this was very carefully crafted ... nearly 20yrs later people would complain that if they made slight modifications to that computer code ... things stopped working as they were suppose to. The issue was transition to people that came in and were only looking at very small slices of what was going on, without bothering to understand the whole infrastructure ... I've had the opportunity to reference "Flatlanders" as one metaphor for the problem.
On War, loc4019-23:
The Sling and the Stone offers some excellent descriptions of 4th
Generation war, and it also contributes a very important insight to
4th Generation theory, namely that speed in the OODA-Loop may be less
important than accuracy of observation and orientation. Exactly how
the OODA-Loop works in 4th Generation conflicts remains an open
question; it is possible that 4th Generation forces can out-cycle
state armed forces not by being faster, but by moving so slowly that
they are unobservable.
was part of discussion about 4GW not about body count & killing but
about creating safety loc3225-28:
What has enabled Lt. Waters and his unit of California National
Guardsmen to get it right? Lt. Waters is a cop. Specifically, he is a
sheriff from Sacramento. He is dealing with the people of Baghdad the
same way he deals with the people back home, politely and with a
genuine desire to help. His unit has not killed anyone because
Lt. Waters knows cops succeed by de-escalating, not by escalating
violence. Cops try very hard not to kill people. In fact, cops
don't want to fight at all.
... snip ...
my code was dynamic adaptive from 60s when i was undergraduate ... when computers were measured in fractions of a MIPS processing power and memory was several hundred kilobytes. I made lots of tradeoffs to monitor all resources and do it in minimum instructions counts (space & time). It lasted for 20years being able to adapt to factor of 100 times larger systems. By then some of the trade-offs had changed ... being able to take more time & space to evaluate increasingly complex environment. Systems now have terabytes of memory and TIPS in processing power (more than million times greater).
It lingered on for little more than 20yrs ... early 1992, we were
making marketing call on large financial institution in Hong Kong
.. riding up the elevator and newly minted computer science graduate
in the back asks if I'm "the" lynn wheeler ... we studied your work in
school.
https://www.garlic.com/~lynn/subtopic.html#fairshare
Had moved on, rather than managing single large monolithic processor
doing enormous number of different things was working with scale-up
involving having huge numbers of optimal priced components all working
together. this is old post about Jan1992 meeting on (commercial)
cluster scale-up in ellison's conference room
https://www.garlic.com/~lynn/95.html#13
other past posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
and old email from the period about cluster scale-up both commercial
and working with the labs and other institutions on
scientific/technical.
https://www.garlic.com/~lynn/lhwemail.html#medusa
within a couple weeks after the ellison meeting, cluster scale-up is transferred, announced as the IBM supercomputer (for scientific/technical *ONLY*) and we were told we couldn't work on anything with more than four processors (most of mainstream IBM revenue was from the single large mainframes in the commercial market and this was a major threat). Now you have all supercomputers, GRID computing, cloud computing, etc ... composed of enormous numbers of optimal price/performance components.
A little x-over from recent post (NOTE: large number of less expensive
doesn't have to mean lower quality): On War, loc5598-5600:
Another lesson is that diesel-electric subs can be as effective or
more effective than nuclear boats in same situations. The U.S. Navy
hates the very idea of non-nuclear submarines and therefore pretends
they don't count for much. You can buy four to eight modern
diesel-electric submarines for the cost of a single American U-cruiser
nuke boat.
loc5612-15:
That is the real lesson of the Chinese sub incident: The U.S. Navy,
like the U.S. Air Force, without a torpedo fired or a single dogfight,
is on its way to Davy Jones's Locker through sheer intellectual
inanition. Preparing endlessly for another carrier war in the Pacific
against the Imperial Japanese Navy, it has become a historical
artifact.
November 20, 2006
more recent: Future War: Why Quantity Will Trump Quality; T. X. Hammes
on why the U.S. military needs to rethink its procurement strategy in
light of the shift from few and exquisite to small, many and smart.
http://thediplomat.com/2014/11/future-war-why-quantity-will-trump-quality/
related to less expensive isn't necessarily lower quality, Lind's
version of Success Of Failure: (On War, July 29, 2004 column)
loc1730-32:
Remember, government bureaucracies don't get more money and more power
when they succeed, but when they fail. With an incentive system like
that, it is fairly obvious what the rest of us are going to get more
of: the consequences of intelligence failures.
... snip ...
repeat Success Of Failure ... 2007
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
and other posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Continues To Crumble Date: 30 Dec 2014 Blog: IBM Alumnire:
SCI
https://en.wikipedia.org/wiki/Scalable_Coherent_Interface
Sequent
https://en.wikipedia.org/wiki/Sequent_Computer_Systems
and from long ago and far away ....
Date: Wed, 24 Jun 1992 14:00 -0800 (PST)
From: SLACVM.SLAC.Stanford.EDU
Subject: SCI Meeting Agenda
To: wheeler@losgatos.ibm.com, wheeler@almaden.ibm.com, others
Date: Monday, June 29, Time: 2:30 p.m.
Place: Stanford Synchrotron Radiation Laboratory, Room 322
(An optional tutorial on SCI, the Scalable Coherent Interface, IEEE
Std 1596-1992, will start at 1:30 if there is interest. Please send
mail to slacvm.slac.stanford.edu if you'd like to attend the
tutorial.)
Directions: Take Freeway 280 to the Sand Hill Road exit (Menlo Park),
turn eastward toward the Bay, go over one hill. Enter SLAC via main
entrance at 2575 Sand Hill Road. Drive past the guard house (not
necessary to stop) and turn left at the T intersection. Follow that
ring road a few hundred meters as it bends a quarter turn; park in the
second parking lot you come to on your left, or as near as you
can. The SSRL building is the one nearest this lot.
Agenda:
2:30 Introductions 2:35 Background:
Future computing challenges at SLAC
Resulting Research Issues
Proposed Research Program and Funding 2:50 Phases
for the SCI research program (Gustavson)
Getting started
Collaboration
Goals and Milestones
Discussion
Opportunity for brief industry presentations 3:35 Break (some have to
leave at this time) 3:45 Resume discussions and presentations.
... snip ... top of post, old email index
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 31 Dec 2014 10:45:27 -0800re:
the lack of adult supervision marches on
Banking Culture Encourages Dishonesty
http://www.scientificamerican.com/article/banking-culture-encourages-dishonesty/
Audit: when the Economist finally opens up the debate on the silent
fraud of the century
http://financialcryptography.com/mt/archives/001537.html
Accounting scandals: The dozy watchdogs
http://www.economist.com/news/briefing/21635978-some-13-years-after-enron-auditors-still-cant-stop-managers-cooking-books-time-some?fsrc=scn/tw_ec/the_dozy_watchdogs
Is The CDS Market Manipulated?
http://www.zerohedge.com/news/2014-12-31/cds-market-manipulated
The Cartel: How BP Got Insider Tips Through a Secret Chat Room
http://www.bloomberg.com/news/2014-12-30/-cartel-chat-room-tied-to-bp-gave-fx-tips-from-banks-to-client.html
libor manipulation ... just one of many
https://www.garlic.com/~lynn/submisc.html#libor
toxic CDOs were just part of CDS scam
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
supposedly in the wake of enron
https://www.garlic.com/~lynn/submisc.html#enron
sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
guaranteed that executives and auditors would do jail time for public
company fraudulent financial filings ... but GAO started doing reports
showing fraudulent financial filings actually increased after
sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: LEO Newsgroups: alt.folklore.computers Date: Wed, 31 Dec 2014 11:43:48 -0800hancock4 writes:
Prophets of War: Lockheed Martin and the Making of the
Military-Industrial Complex
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
one of the accounts is that they approached former eastern block and told them that if they voted in the UN for US invasion of Iraq ... that their applciation for NATO membership would be viewed much more favorably ... and NATO membership would get them US AID to buy NATO "compatible" weapons (from US ARM merchants) ... aka US ARM merchants aren't just supported by US taxpayers through the DOD budget ... but also through (congressional directed appropriation that can only be used for stated purpose) US AID.
semi-related (from one of Boyd acolytes) Lind's version of Success of
Failure, "On War: The Collected Columns of William S. Lind 2003-2009",
(July 29, 2004) loc1730-32:
Remember, government bureaucracies don't get more money and more power
when they succeed, but when they fail. With an incentive system like
that, it is fairly obvious what the rest of us are going to get more
of: the consequences of intelligence failures.
... snip ...
https://www.amazon.com/War-Collected-Columns-William-2003-2009-ebook/dp/B00OY2QFAY/
and little later, repeat Success of Failure ... 2007
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
past posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
Boyd related posts/URLs
https://www.garlic.com/~lynn/subboyd.html
recent posts mentioning "Prophets of War":
https://www.garlic.com/~lynn/2013c.html#54 NBC's website hacked with malware
https://www.garlic.com/~lynn/2013e.html#20 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#21 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#32 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#43 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#50 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#51 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#53 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#62 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#67 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#5 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#14 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#30 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013g.html#74 What Makes collecting sales taxes Bizarre?
https://www.garlic.com/~lynn/2013g.html#92 A Matter of Mindset: Iraq
https://www.garlic.com/~lynn/2013h.html#41 Is newer technology always better? It almost is. Exceptions?
https://www.garlic.com/~lynn/2013i.html#78 Has the US Lost Its Grand Strategic Mind?
https://www.garlic.com/~lynn/2013m.html#80 The REAL Reason U.S. Targets Whistleblowers
https://www.garlic.com/~lynn/2014b.html#31 An insider's story of the global attack on climate science
https://www.garlic.com/~lynn/2014b.html#38 Can America Win Wars
https://www.garlic.com/~lynn/2014i.html#20 US No Longer Tech Leader in Military War Gear
https://www.garlic.com/~lynn/2014j.html#104 No Internet. No Microsoft Windows. No iPods. This Is What Tech Was Like In 1984
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virtualization experience starting Jan1968, online at home since Mar1970
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