From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Leap seconds Date: 01 Jan 2017 Blog: FacebookI remember shortly after joining science center in 1970,
spending 3m on task force on 370 TOD clock ... issues like 1) was the start 1/1/1900 or 1/1/1901 and 2) how to handle leap seconds
For something completely different, in the early 80s internal online "century" forum discussing how to handle y2k
there was huge amount of Y2K remediation ... one time thing, so at lot of it was outsourced. There was also competition with Internet bubble paying premium prices ... so a lot of Y2k remediation got outsourced to overseas (which contributed to continuing to "offshoring" in this century).
One of the largest TBTF outsourced Y2K remediation of sensitive transaction processing, including ATM machines ... to lowest bidder. It wasn't until much later that they found backdoors and stealth money wire transfers going to overseas accounts .... and the lowest bidder was front for a criminal organization.
past posts mentioning Y2K remediation
https://www.garlic.com/~lynn/aadsm18.htm#30 Academics locked out by tight visa controls
https://www.garlic.com/~lynn/aadsm19.htm#26 Trojan horse attack involving many major Israeli companies, executives
https://www.garlic.com/~lynn/99.html#214 Ask about Certification-less Public Key
https://www.garlic.com/~lynn/2004b.html#2 The SOB that helped IT jobs move to India is dead!
https://www.garlic.com/~lynn/2004f.html#39 Who said "The Mainframe is dead"?
https://www.garlic.com/~lynn/2004o.html#66 Integer types for 128-bit addressing
https://www.garlic.com/~lynn/2005.html#20 I told you ... everybody is going to Dalian,China
https://www.garlic.com/~lynn/2005s.html#16 Is a Hurricane about to hit IBM ?
https://www.garlic.com/~lynn/2006g.html#21 Taxes
https://www.garlic.com/~lynn/2006s.html#40 Ranking of non-IBM mainframe builders?
https://www.garlic.com/~lynn/2007g.html#7 U.S. Cedes Top Spot in Global IT Competitiveness
https://www.garlic.com/~lynn/2007p.html#39 India is outsourcing jobs as well
https://www.garlic.com/~lynn/2007r.html#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/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/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/2009d.html#2 IBM 'pulls out of US'
https://www.garlic.com/~lynn/2009i.html#9 Why are z/OS people reluctant to use z/OS UNIX?
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/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/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/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#32 CMS Sort Descending?
https://www.garlic.com/~lynn/2011h.html#67 Happy 100th Birthday, IBM!
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/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/2013c.html#90 Query for Destination z article -- mainframes back to the future
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/2014h.html#25 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014k.html#63 LA Times commentary: roll out "smart" credit cards to deter fraud
https://www.garlic.com/~lynn/2014m.html#91 LEO
https://www.garlic.com/~lynn/2015b.html#21 Hackers stole from 100 banks and rigged ATMs to spew cash
https://www.garlic.com/~lynn/2015c.html#74 N.Y. Bank Regulator Says Third-Party Vendors Provide Backdoor to Hackers
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Leap seconds Date: 01 Jan 2017 Blog: Facebookre:
07Dec84 CENTURY posting
https://www.garlic.com/~lynn/99.html#email841207
posts with copy
https://www.garlic.com/~lynn/99.html#24 BA Solves Y2K (Was: Re: Chinese Solve Y2K)
https://www.garlic.com/~lynn/99.html#233 Computer of the century
https://www.garlic.com/~lynn/2000.html#0 2000 = millennium?
https://www.garlic.com/~lynn/2000.html#94 Those who do not learn from history...
https://www.garlic.com/~lynn/2006r.html#16 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2009n.html#53 Long parms...again
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Boyd's briefings Date: 02 Jan 2017 Blog: FacebookBoyd's overheads are quite dense ... people would mention needing to hear the briefing 2-3 times before meaning started to sink in ... there was lot more in the briefings than the overheads. Lots of guidelines about talks taking minute per overhead ... 2-3hrs of Boyd's overheads were hard to compress into single day ... and then it could still require hearing it 2-3 times.
I've pontificated a lot in the past about KISS security is frequently
significantly harder than complex security (I somewhat blame it on
being dragged into processor design when circuits were very dear and
had to make every one count, preferably for as many things as
possible). Goes along with the observation that complex security
descriptions are frequently obfuscation for snake-oil. some past posts
https://www.garlic.com/~lynn/aadsm3.htm#kiss1 KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss2 Common misconceptions, was Re: KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp-00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss3 KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss4 KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss5 Common misconceptions, was Re: KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss6 KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss7 KISS for PKIX. (Was: RE: ASN.1 vs XML (used to be RE: I-D ACTION :draft-ietf-pkix-scvp- 00.txt))
https://www.garlic.com/~lynn/aadsm3.htm#kiss8 KISS for PKIX
https://www.garlic.com/~lynn/aadsm3.htm#kiss9 KISS for PKIX .... password/digital signature
https://www.garlic.com/~lynn/aadsm3.htm#kiss10 KISS for PKIX. (authentication/authorization seperation)
https://www.garlic.com/~lynn/aadsm14.htm#23 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#26 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#27 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#28 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#29 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#30 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm14.htm#31 Maybe It's Snake Oil All the Way Down
https://www.garlic.com/~lynn/aadsm24.htm#49 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm24.htm#51 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm24.htm#52 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#0 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#1 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#2 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#3 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#4 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#5 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#6 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#7 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/aadsm25.htm#10 Crypto to defend chip IP: snake oil or good idea?
https://www.garlic.com/~lynn/2014k.html#14 Cyberspace KISS
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is multiprocessing better then multithreading? Newsgroups: comp.arch Date: Mon, 02 Jan 2017 16:15:41 -0800infinisearch99 writes:
Charlie had invented compare&swap instruction (name chosen because CAS
are charlie's initials) in the late 60s/early 70s, while working on CP67
lightweight kernel multiprocessor locking at the science center.
Attempting to get it added to (mainframe) 370 was met by opposition, the
POK favorite son operating system people claiming that test&set was more
than satisfactory. The 370 architecture owners said that to justify
compare&swap for 370 would require usage other than multiprocessor
locking. Thus was born the application multithread example uses that are
still included in mainframe principles of operation. compare&swap was
picked up by highly multithreaded applications like various DBMS
(independent of whether they ran on multiprocessor or single processor
configurations).
https://www.garlic.com/~lynn/subtopic.html#smp
In the 80s, started to see other platforms start to include compare&swap (and/or instructions with similar semantics) ... since it could make significant difference in large commercial workload throughput (alternative required kernel calls). In late 80s/early 90s started to see POSIX support for lightweight threading and async i/o ... in part motivated by commercial workloads like DBMS ... which had been doing their own internally (somewhat like CICS in the 60s).
Hardware hyperthreaded ... patent referenced in this page about the
end of ACS/360
https://people.cs.clemson.edu/~mark/acs_end.html
Sidebar: Multithreading
In summer 1968, Ed Sussenguth investigated making the ACS/360 into a
multithreaded design by adding a second instruction counter and a second
set of registers to the simulator. Instructions were tagged with an
additional "red/blue" bit to designate the instruction stream and
register set; and, as was expected, the utilization of the functional
units increased since more independent instructions were available.
IBM patents and disclosures on multithreading include:
US Patent 3,728,692, J.W. Fennel, Jr., "Instruction selection in a
two-program counter instruction unit," filed August 1971, and issued
April 1973.
US Patent 3,771,138, J.O. Celtruda, et al., "Apparatus and method for
serializing instructions from two independent instruction streams,"
filed August 1971, and issued November 1973. [Note that John Earle is
one of the inventors listed on the -138.]
"Multiple instruction stream uniprocessor," IBM Technical Disclosure
Bulletin, January 1976, 2pp. [for S/370]
... snip ...
additional ACS reference
https://people.cs.clemson.edu/~mark/acs.html
In the early 70s I got sucked into 370/195 hyperthreading (that was never announced or shipped). The issue was that 195 didn't have branch prediction and conditional branches drained the pipeline. Most codes ran on 370/195 at half peak throughput. Hyperthreading was to have two i-streams (simulating two processors) ... each running at half-throughput ... hopefully able to keep the 370/195 fully uitlized.
Part of the issue was decision to move to virtual memory for all 370s ... and it wasn't going to be possible to retrofit virtual memory support to 370/195 (even to retrofit virtual memory to 370/165 ... was a monumental task and even required dropping features in the original 370 virtual memory architecture ... which impacted processors and software already developed for the dropped features).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Separation church and state Date: 03 Jan 2017 Blog: FacebookJefferson constantly battling for separation of church & stte and individual freedom, Thomas Jefferson: The Art of Power, loc6457-59:
Jefferson felt the Federalists striving for British form of government
with Lords and eventually a Monarch, starting with things like
loc6254-58:
The alien laws collectively invested the president the authority to
deport resident aliens he considered dangerous. The sedition bill
criminalized free speech, forbidding anyone to "write, print, utter or
publish any false, scandalous, and malicious writing or writings
against the government of the United States, or either House of the
Congress of the United States, with intent to defame or to bring them
into contempt or disrepute, or to excite against them, or either or
any of them, the hatred of the good people of the United States."
loc6266-67:
Once sedition legislation passed and was signed by Adams, the speaking
of one's mind—a foundational freedom—could result in fines up to
$2,000 and up to two years in prison.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Champions of the 401(k) Lament the Revolution They Started Date: 03 Jan 2017 Blog: FacebookThe Champions of the 401(k) Lament the Revolution They Started
Early articles about the rise of 401Ks ... was wallstreet complained that the large pension funds negotiated extremely thin fees ... wallstreet lobbied for 401Ks because they expected to get significantly higher fees (than they could get from pension funds).
This has been going periodically for decades, wallstreet then got
401Ks ... then they got a lot of the remaining large pension funds
last decade ... selling them triple-A rated toxic securitized
mortgages (the pension funds restricted to investing in "safe
investments", wall street got around that by paying rating agencies
for triple-A, even when rating agencies knew they weren't worth
triple-A, from oct2008 congressional testimony), claims it accounts
for 30% loss in fund value. Current as SS trust fund has all been
"borrowed" by congress to pay for other stuff, they would have to
raise taxes in order to pay it back. I can imagine there will be a lot
of obfuscation and misdirection to avoid having to do that; toxic CDO
posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Stockman (80s budget director) claims credit for increasing SS contributions because he wanted the money for DOD w/o needing to raise taxes. He also claims credit for starting to tax SS benefits (double taxation, contributions are after tax income, and then taxed again when benefits paid, sort of backdoor of transfering some of SS trust fund to general fund)
Other gimmicks proposed. Like "means" testing ... not having to pay you your SS benefits if you don't fit some profile.
some recent posts mentioning Social Security
https://www.garlic.com/~lynn/2016.html#22 I Feel Old
https://www.garlic.com/~lynn/2016.html#44 Thanks Obama
https://www.garlic.com/~lynn/2016b.html#25 SS Trust Fund
https://www.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions
https://www.garlic.com/~lynn/2016d.html#9 IBM's 96 column punch card (was System/3)?
https://www.garlic.com/~lynn/2016e.html#54 Social Security Trust Fund IOUs
https://www.garlic.com/~lynn/2016e.html#91 E.R. Burroughs
https://www.garlic.com/~lynn/2016f.html#51 OT: DuPont seeks to screw workers of their pensions
https://www.garlic.com/~lynn/2016g.html#95 Social Security Trust Fund
https://www.garlic.com/~lynn/2016h.html#37 GOP Announces Privatization Of Medicare And The Details Are TERRIFYING
https://www.garlic.com/~lynn/2016h.html#61 GOP introduces plan to massively cut Social Security
https://www.garlic.com/~lynn/2016h.html#63 GOP introduces plan to massively cut Social Security
https://www.garlic.com/~lynn/2016h.html#90 GOP Announces Privatization Of Medicare And The Details Are TERRIFYING
https://www.garlic.com/~lynn/2016h.html#91 Your Social Security cuts are already on the way
https://www.garlic.com/~lynn/2016h.html#94 Your Social Security cuts are already on the way
https://www.garlic.com/~lynn/2016h.html#100 Attack SS Entitlements
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Some IBM History Date: 03 Jan 2017 Blog: Facebookreference to the effect of FS failure had on corporate culture, Ferguson & Morris, "Computer Wars: The Post-IBM World", Time Books, 1993, reference here:
other FS posts
https://www.garlic.com/~lynn/submain.html#futuresys
trivia: I continued to work on 360/370 stuff during FS, even periodically ridiculing FS activity ... which wasn't exactly a career enhancing activity.
President of AMEX is in competition to be next CEO and wins. The looser leaves taking their protegee and goes to Baltimore and take over what is called a loan sharking business. They make some number of other acquisitions eventually acquiring CITI in violation in Glass-Steagall. Greenspan gives them an exemption while they lobby congress for Glass-Steagall repeal, including enlisting the SECTREAS (and former head of Goldman-Sachs), who resigns and joins CITI as soon as the repeal is added to GLBA. The protegee then leaves CITI and becomes CEO of CHASE.
AMEX is in competition with KKR for private-equity take-over of
RJR. KKR wins, but runs into some trouble with RJR and hires away
president of AMEX to help turn it around.
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco
IBM has gone in the red and was being reorganized into the 13 "baby
blues" in preparation to breaking up the company. The board then hires
away the former president of AMEX to reverse the breakup and resurrect
the comapny ... using some of the same techniques used at RJR.
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
The former AMEX president then leaves IBM and becomes the head of another large private-equity company ... one of the take-overs is the beltway bandit that will employ Snowden.
some past posts
https://www.garlic.com/~lynn/submisc.html#gerstner
and
https://www.garlic.com/~lynn/submisc.html#private.equity
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Malicious Cyber Activity Date: 04 Jan 2017 Blog: Facebooklast decade, cousin of white house chief of staff Card ... was dealing with the Iraqis at the UN and was given evidence that WMDs had been decommissioned. She shared it with Card, Powell and others ... then is locked up in military hospital, book was published in 2010 (before decommissioned WMDs were declassified)
NY Times series from 2014, the decommission WMDs tracing back to US
from Iran/Iraq war, had been found a decade earlier, but the
information was classified for a decade
http://www.nytimes.com/interactive/2014/10/14/world/middleeast/us-casualties-of-iraq-chemical-weapons.html
and military-industrial-complex wanted a war so badly that corporate
reps were telling former eastern block countries that if they voted
for IRAQ2 invasion in the UN, they would get membership in NATO and
(directed appropriation) USAID (can *ONLY* be used for purchase of
modern US arms).
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
going back further, the US was supporting Iraq in the iran/iraq war
https://en.wikipedia.org/wiki/Iran-Iraq_War
including supplying WMDs
https://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
then sat. photo recon analyst informed White House that Saddam was
marshaling forces for invasion of Kuwait. White House says that Saddam
told them he would do no such thing and proceeded to discredit the
analyst. then the analyst informed the White House that Saddam was
marshaling forces for invasion of Saudi Arabia. Now the Bush1 has to
choose between Saudi Arabia and Saddam.
https://www.amazon.com/Long-Strange-Journey-Intelligence-ebook/dp/B004NNV5H2/
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
and posts on the Iraqi WMD issue
https://www.garlic.com/~lynn/submisc.html#wmds
perpetual war
https://www.garlic.com/~lynn/submisc.html#perpetual.war
Is Harvard responsible for the Rise of Putin?
Fareed Zakaria interview with Kissinger a few weeks ago had running ticker at the bottom somewhat paraphrasing Kissnger (because he was somewhat hard to hear?). Fareed was asking Kissinger about Putin, referring to Kissinger having 30 or so meetings with Putin. At one point Fareed said something about clarifying what Kissinger had said (which was reflected in the ticker at the bottom) and Kissinger said not at all ... and explained what he met (which was not reflected in the ticker).
Kissinger somewhat indirectly referred to this theme about "Harvard
being responsible for the rise of Putin" (i.e. Russia needed strongman
to oppose the westerners that seemed intent on looting the
country). John Helmer: Convicted Fraudster Jonathan Hay, Harvard's Man
Who Wrecked Russia, Resurfaces in Ukraine
http://www.nakedcapitalism.com/2015/02/convicted-fraudster-jonathan-hay-harvards-man-who-wrecked-russia-resurfaces-in-ukraine.html
If you are unfamiliar with this fiasco, which was also the true
proximate cause of Larry Summers' ouster from Harvard, you must read
an extraordinary expose, How Harvard Lost Russia, from Institutional
Investor. I am told copies of this article were stuffed in every
Harvard faculty member's inbox the day Summers got a vote of no
confidence and resigned shortly thereafter.
... snip ...
How Harvard lost Russia; The best and brightest of America's premier university came to Moscow in the 1990s to teach Russians how to be capitalists. This is the inside story of how their efforts led to scandal and disgrace.
https://web.archive.org/web/20160325154522/http://www.institutionalinvestor.com:80/Article/1020662/How-Harvard-lost-Russia.html
Mostly, they hurt Russia and its hopes of establishing a lasting
framework for a stable Western-style capitalism, as Summers himself
acknowledged when he testified under oath in the U.S. lawsuit in
Cambridge in 2002. "The project was of enormous value," said Summers,
who by then had been installed as the president of Harvard. "Its
cessation was damaging to Russian economic reform and to the
U.S.-Russian relationship."
... snip ...
Note Summers was Rubin's protegee and replacement SECTREAS when Rubin
resigned to become co-CEO of CITI (or at least that was the press at
the time), after Rubin had helped Sandy Weill (CEO of CITI) to get
repeal of Glass-Steagall added to GLBA.
https://en.wikipedia.org/wiki/Lawrence_Summers
and
https://en.wikipedia.org/wiki/Robert_Rubin
posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Repeal of Glass-Steagall wasn't directly responsible for the
economic mess ... but it gave rise to too big to fail and
then too big to prosecute and too big to jail ... which
met they wouldn't be held accountable for what they had done (of the
$5.2T in off-book toxic assets still held by the four largest
TBTF at ye2008, CITI was holding the most).disclaimer: 1999 I
was asked to try and help prevent the coming economic mess. Also, not
all the US capitalists were out to loot Russia, there was an effort to
help create capitalist banking system by building 5,000
brick&mortar banks around the country (innovative financing for
the $5B needed for $1M/bank) ... but that all fell apart when things
imploded. I only met Rubin at financial industry infrastructure
protection meeting in the white house annex. The Treasury did sponsor
me for some meetings with NSA about infrastructure protection. After a
couple meetings, the fort told me they never wanted to see me again,
their only customer was the Pentagon (I may have offended them, they
had approved some financial operations as "safe", I then suggested
some ways to attack, they said what I suggested wasn't fair).
https://en.wikipedia.org/wiki/Critical_infrastructure_protection
posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
The local press in DC will sometimes refer to washington politics as
Kabuki Theater, what you see publicly has little to do with what is
really going on ... others will estimate that there is no more than
1-3 honest members of congress ... all part of the line that congress
is the most corrupt institution on earth.
https://www.garlic.com/~lynn/submisc.html#kabuki.theater
Note that there was enormous outsourcing of Intelligence last decade,
70% of the budget and over half the people
http://www.investingdaily.com/17693/spies-like-us
which contributes significantly to the rapidly spreading success of
failure culture
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
some posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
Contributing last decade was big uptic in private-equity acquiring beltway bandits ... including Snowden's employer (private-equity tend to put enormous pressure on their acquisitions to cut corners and provide them money every way possible, the outsourcing of security clearances to private-equity subsidiaries were found to just be filling out the paperwork, and not actually doing the background checks).
Note a major 2008 campaign item of current president, was the reversal of the massive outsourcing. While that didn't happened, at least the increase seemed to have stopped
posts
https://www.garlic.com/~lynn/submisc.html#private.equity
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Too big to fail was Malicious Cyber Activity Date: 04 Jan 2017 Blog: Facebookre:
TBTF were actually found to be providing funds behind a lot of
the payday lenders ... payday lenders are providing significantly
higher return than the TBTF were legally allowed to
charge. posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
trivia: jan2009 (a decade after being asked to help and try and
prevent the coming economic crisis), I was asked to HTML'ize the
Pecora hearings (30s congressional hearings into crash of '29,
resulted in criminal convictions and Glass-Steagall) with lots
of internal HREFs and URLs between what happened then and what
happened this time (comments that the new congress might have an
appetite to do something). I work on it for awhile and then get a call
that it wouldn't be needed after all (comment that capital hill was
buried under enormous mountains of wallstreet cash, in that sense
references to TBTF as excuse for not being prosecuted was
somewhat misdirection). post
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Note that first time I saw references to TBTF as too big to prosecute and too big to jail ... was when TBTF were found to be money laundering for drug cartels and terrorists and instead of being shutdown and thrown in jail, they were fined and asked to please stop. The joke has become that the fines are so small compared to the amounts involved they are just being viewed as the cost of running a criminal enterprise, not just the economic mess and money laundering, but also manipulating LIBOR, FOREX, and commodity markets, robo-signing mills fabricating mortgage documents, tax evasion, and various other criminal activity.
tax evasion
https://www.garlic.com/~lynn/submisc.html#tax.evasion
LIBOR
https://www.garlic.com/~lynn/submisc.html#libor
money laundering
https://www.garlic.com/~lynn/submisc.html#money.laundering
The person behind GLBA is #2 on times list responsible for the
economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
not so much for GLBA ... but also for a whole bunch of other things.
other trivia: in 1999 as part of trying to prevent the coming economic
mess, I was asked to improve the integrity of supporting documents for
securitized mortgages. Securitized mortgages had been used during the
S&L crisis to obfuscate fraudulent mortgages (poster child was
office bldgs in the Dallas/Ft.Worth area that turned out to be empty
lots). However, they then found they could pay the rating agencies for
triple-A rating (when the rating agencies knew they weren't worth
triple-A, from Oct2008 congressional testimony). Triple-A trumps
supporting documents and they could start doing no-documentation liar
loans (and with no documents, there was no longer issue of document
integrity). From the law of unintended consequences, the TBTF
largest fines related to the economic mess so far have been for the
robo-signing mills fabricating the "missing" documents. posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Note that the triple-A ratings are largely responsible for being able to do over $27T in the 2001-2008 ... including selling toxic securitized mortgages to institutions restricted to dealing in "safe" investments, like large pension funds (claims to account for 30% loss in value).
Paying for triple-A rating enabled being able to almost immediately sell off every loan made, eliminated any reason to care about loan quality and/or borrowers' qualification. Then they found they get create securitized mortgages designed to fail, pay for triple-A rating, sell to their victims and take out CDS gambling bets that they would fail (creating enormous demand for bad mortgages and instead of not caring about borrowers' qualifications, they started looking for borrowers w/o qualifications).
even more other trivia: rhetoric on floor of congress was that Sarbanes-Oxley would prevent future ENRONs and guarantee that executives and auditors did jail time, but 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 after SOX goes into effect (and nobody doing jailtime). Less well known is that SOX also included provision that SEC do something about the rating agencies.
posts
https://www.garlic.com/~lynn/submisc.html#enron
and
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
and
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
S&L trivia: the original S&L regulator refused to go along
with the deregulation requests. He was then asked to resign so that
the president could appoint somebody that would go along. This
discusses the replacement regulator and what he did (he later leaves
gov. service and gets an enormous paying job on wallstreet as reward),
but doesn't talk about the original regulator that refused to go along
https://www.amazon.com/Two-Trillion-Dollar-Meltdown-Rollers-ebook/dp/B0097DE7DM/
posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
BASEL2 trivia: early part of century we were asked in to NYFED to discuss how new provision in original BASEL2 draft could be implemented ... (had been added by somebody in NYFED that would help hold executives responsible). However during the review process, the new provision was almost totally eliminated ... mostly by US institutions (most of the EU institutions seemed to be in favor of new provision).
Note that just the four largest TBTF were still holding $5.2T in offbook toxic assets the end of 2008 ... TARP with just $700B appropriated (originally to buy those toxic assets) was way too small to handle the problem and so was used for other purposes (which may have been the original intention all along) ... and the FEDRES behind the scenes bought the toxic assets at 98cents on the dollar and provided tens of trillions in ZIRP funds.
There was farce during Jan2009 when they were talking about how hard it was to correctly evaluate the offbook toxic assets for purchase. The two "real" problems were 1) there was no supporting documentation to be used for any evaluation (no documentation, liar loans) and 2) the appropriated money couldn't come close to clearing the problem (late summer 2008, tens of billions in toxic assets had gone for 22cents on the dollar, if the TBTF had been forced to bring the toxic assets back onto their books, they would be declared insolvent and forced to be liquidated; repeal of Glass-Steagall did help with the carrying of toxic assets off-book).
The FEDRES fought long hard legal battle to prevent disclosing what it was doing and when they lost, the chairman held a press conference. He explained that he thought that the TBTF would use the trillions in ZIRP funds to help mainstreet, but when they didn't, he had no way to force them (but that didn't stop the ZIRP funds). Note that the FED Chairman had supposedly been selected in part because he was depression scholar. However, the FED had tried something similar during the depression with similar results, so the chairman should have had no expectation for a different result this time.
trivia: AIG was the largest holder of the CDS gambling bets (that securitized mortgages would fail) and was negotiating to pay off at 50cents on the dollar. Then the SECTREAS stepped in and had them sign a document saying they couldn't sue those making the gambling bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the largest recipient of face value payoffs was firm formally headed by SECTREAS.
The #2 on times list of those responsible for economic mess (and behind GLBA) probably got that position in part for also being behind preventing CDS gambling bets from being regulated. From the law of unintended consequences, this was originally billed as "gift" to ENRON. When the chair of CFTC proposed regulating CDS, she got quickly replaced by #2's wife, while he got legislation passed preventing CDS regulation. The wife then resigns and joins ENRON board (and the audit committee).
trivia: in the financial critical industry protection meetings, the
number #1 concern of many of the attendees was making sure that the
information sharing ISAC
https://www.fsisac.com/
was structured in such a way so it was not subject to FOIA (i.e. it
couldn't be a gov. related operation), they were more concerned about
the public finding out about exploits (than they were concerned about
the exploits).Exploits have been going on for some time, even against
utilities.
https://en.wikipedia.org/wiki/Critical_infrastructure_protection
TBTF were much more concerned about WalMart and Microsoft (than payday lenders, being behind much of their funding). Original rhetoric on floor of congress as to the primary purpose of GLBA was if you already had banking charter, you got to keep it; but if you didn't already have a banking charter, you couldn't get one ... specifically calling out Microsoft and WalMart ... aka eliminating banking competition that had more cost effective technologies (afterwards there were additional favors for wallstreet added, like repeal of Glass-Steagall, claim is GLBA cost wallstreet $250M, nearly evenly divided between the two parties)
Around 2004, WalMart announces it was acquiring Utah ILC in order to become its own "merchant acquirer" (Utah ILCs have some funny provisions for doing national operations, w/o needing national banking charter). WalMart does something like 25-30% of retail transactions in the US ... so it would be a big financial hit to Walmart's merchant acquirer, Chase. Then a writing campaign is started to get community banks to complain to their congressmen that WalMart was threatening their consumer and issuing business (with their purchase of Utah ILC, which had nothing to do with consumer business, but it could be an enormous hit to Chase).
Note it turns out that FEDRES could only provide ZIRP funds to institutions that had banking charter ... and some of the TBTF didn't have banking charter ... so FEDRES was handing out bank charters (in theory violating GLBA) to their friends ... in order to make them eligible for ZIRP funds.
I had earlier come up with a scheme that enabled transactions done at checkout counter to magically turn into banking transactions ... w/o requiring banking charter ... at about 1/10th what it cost banks ...
ZIRP
https://en.m.wikipedia.org/wiki/Zero_interest-rate_policy
and posts
https://www.garlic.com/~lynn/submisc.html#zirp
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Some IBM History Date: 04 Jan 2017 Blog: Facebookre:
Lots of engineers saw it, at one time senior execs had engineering experience ... but then it changed to bean counters, marketing, MBAs, etc ... that no longer had any feel for technology issues ...they were steeped in linear change and couldn't recognize disruptive change
In the late 70s I was involved in project that had potential for disruptive change and took it to business planners in white plains and some of the U.S. regions ... forecasts where some percent of whatever closest similar product was. It wasn't until we were talking to business planners on the other side of the Pacific that non-linear factors would be considered
It wasn't just CMOS, late 80s, a senior disk engineer got a talk
scheduled at internal annual world-wide communication group conference
supposedly on 3174 performance ... but 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 strategic responsibility for everything that crossed the
datacenter walls and were fiercely fighting off client/server and
distributed computing, trying to preserve their (emulated) dumb
terminal paradigm and install base. The disk division was seeing data
fleeing the data center to more distributed computing friendly
platforms with drop in disk sales. The disk division had come up with
several solutions to address the problem but they were constantly
being vetoed by the communication group. some past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
Unable to get IBM-logo'ed mainframe distributed computing features past the communication group, we did some consulting for disk division executive that started investing in startups that would do mainframe oriented distributed computing support ... he also funded the original POSIX (aka "open system") support in MVS (got it past the communication group since it technically didn't cross the datacenter walls).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Separation church and state Date: 04 Jan 2017 Blog: Facebookre:
June1940, Germany had a victory celebration at the NYC Waldorf-Astoria
with major industrialists. Lots of them were there to hear how to do
business with the Nazis
https://www.amazon.com/Man-Called-Intrepid-Incredible-Narrative-ebook/dp/B00V9QVE5O/
Later 5000 industrialists from across the US had conference at NYC
Waldof-Astoria and in part because they had gotten such bad reputation
for the depression and supporting Nazi Germany, they approved a major
propaganda campaign to equate capitalism with Christianity
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
Results in the 50s include adding "Under God" to the pledge of allegiance and "In God We Trust" to currency
past posts mentioning "one nation under god"
https://www.garlic.com/~lynn/2015g.html#32 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015g.html#33 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2016b.html#49 Corporate malfeasance
https://www.garlic.com/~lynn/2016f.html#27 British socialism / anti-trust
https://www.garlic.com/~lynn/2016f.html#56 "One Nation Under God: How Corporate America Invented Christian America"
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Attack SS Entitlements Date: 05 Jan 2017 Blog: Facebookre:
Phishing for Phools: The Economics of Manipulation and Deception
(George A. Akerlof and Robert J. Shiller), pg154/loc2949-51:
Given the dependence of the vast majority of the population on Social
Security, it is surprising that any politician would tamper with
it. But the belief in New Story has been so great that there was a
serious threat. In 2004, the George W. Bush Administration proposed to
"privatize" a significant portion of the program.
... snip ...
also known for the Cass-Shiller Index
https://en.wikipedia.org/wiki/Robert_J._Shiller
Note last decade, related activity, in 2002, (new century republican)
congress lets fiscal responsibility act lapse (from last century
republican congress, spending couldn't exceed tax revenue, on its way
to eliminating all federal debt). 2010 CBO report that 2003-2009, taxe
revenue cut $6T and spending increase $6T, for $12T budget gap (at
nearly $2T/yr) compared to fiscal responsible budget. Since then taxes
haven't been restored and spending only moderately cut, so debt has
continued to increase. 2005, US comptroller general started including
in speeches that nobody in congress was capable of middle school
arithmetic (for what they were doing to budget). posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
Long winded article, about increasing SS contributions and starting to
tax benefits
http://dissidentvoice.org/2013/09/ronald-reagan-and-the-great-social-security-heist/
President Reagan and his advisers knew, from the very beginning, that
the government would soon face a severe cash shortage. Budget
Director, David Stockman, had deliberately rigged the computer at the
Office of Management and Budget to generate bogus revenue forecasts in
an effort to convince Congress to enact Reagan's unaffordable proposed
tax cuts. When Stockman first fed the data from Reagan's economic
proposals into the computer, he was shocked. The computer forecast
that, if Reagan's proposals were enacted into law, massive budget
deficits would loom ahead for as far as the eye could see.
... snip ...
Stockman has several times claimed credit for the SS changes
(increasing contributions for funding other activies and taxing
benefits) ... although it doesn't say so in the above article
https://en.wikipedia.org/wiki/David_Stockman
Taxation of Social Security Benefits
https://assetbuilder.com/knowledge-center/articles/scott-burns/the_taxation_of_social_security_benefits_is_a_time_bomb
A. You're not the only person who has been blind-sided by the taxation
of Social Security benefits. The tax was the brainchild of David
Stockman. He was the Director of the Office of Management and Budget
during the Reagan administration. He slipped this little time bomb
into the Social Security reforms that were adopted in 1983.
... snip ...
Looting Social Security
http://www.counterpunch.org/2010/02/19/looting-social-security/
Two Wall Street henchmen, Alan Greenspan and David Stockman, set up
the Social Security raid in this way: The Carter administration had
put Social Security in the black for the foreseeable future by
establishing a schedule for future Social Security payroll tax
increases. Greenspan and Stockman conspired to phase in the payroll
tax increases earlier than was needed in order to gain surplus Social
Security revenues that could be used to finance other government
spending, thus reducing the budget deficit. They sold it to President
Reagan as "putting Social Security on a sound basis."
... snip ...
STOCKMAN BOOK IS A HARSH LOOK AT THE COLLEAGUES HE LEFT BEHIND
http://www.nytimes.com/1986/04/13/us/stockman-book-is-a-harsh-look-at-the-colleagues-he-left-behind.html?pagewanted=all
The Washington/Wall Street Big Lie: Counterfeit GDP Growth, Phony
Cost-Of-Living Stats
http://davidstockmanscontracorner.com/the-washingtonwall-street-big-lie-counterfeit-gdp-growth-phony-cost-of-living-stats/
other recent posts mentioning SS Trust Fund
https://www.garlic.com/~lynn/2016.html#22 I Feel Old
https://www.garlic.com/~lynn/2016b.html#25 SS Trust Fund
https://www.garlic.com/~lynn/2016c.html#88 Goldman Slammed With $5.1 Billion Fine For "Serious Misconduct" In Mortgage Selling
https://www.garlic.com/~lynn/2016e.html#91 E.R. Burroughs
https://www.garlic.com/~lynn/2016f.html#65 old Western Union Telegraph Company advertising
https://www.garlic.com/~lynn/2016f.html#101 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud
https://www.garlic.com/~lynn/2016g.html#95 Social Security Trust Fund
https://www.garlic.com/~lynn/2016h.html#37 GOP Announces Privatization Of Medicare And The Details Are TERRIFYING
https://www.garlic.com/~lynn/2016h.html#61 GOP introduces plan to massively cut Social Security
https://www.garlic.com/~lynn/2016h.html#63 GOP introduces plan to massively cut Social Security
https://www.garlic.com/~lynn/2017.html#5 The Champions of the 401(k) Lament the Revolution They Started
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Separation church and state Date: 06 Jan 2017 Blog: Facebookre:
British originally tried to emulate the Spanish for North America
starting with Jamestown (1607), those sent over had no background in
self-sufficient, planning on enslaving local population, however
natives weren't amenable to enslaving and the settlement
starves. British eventually then started sending over select members
from British Isles as slaves, from crown charters for colonies (part
of what Jefferson was trying to change and fighting against):
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."
...
As North America developed, English elites tried time and time again
to set up institutions that would heavily restrict the economic and
political rights for all but a privileged few of the inhabitants of
the colony
something Jefferson thot he had to constantly fight against. Part of
the strategy from Britain ... was that the church had been enlisted to
help maintain rigid social structure. The "Spanish" model they were
trying to emulate:
The full gamut of encomienda, mita, repartimiento, and trajin was
designed to force indigenous people's living standards down to a
subsistence level and thus extract all income in excess of this for
Spaniards. This was achieved by expropriating their land, forcing them
to work, offering low wages for labor services, imposing high taxes,
and charging high prices for goods that were not even voluntarily
bought. Though these institutions generated a lot of wealth for the
Spanish Crown and made the conquistadors and their descendants very
rich, they also turned Latin America into the most unequal continent
in the world and sapped much of its economic potential
... snip ...
New England has some fleeing from religious persecution, not looking for religious freedom, but someplace where they are the persecutORS (rather than the persecutEES) ... and suffered other characteristics similar to Jamestown settlement. Jefferson was against organization religion ... so many responsible for evil, he didn't deny GOD, but the evils of organized religion.
loc9408-10:
The making of the University of Virginia was Jefferson's last great
effort of will and leadership. It called on his political,
intellectual, and architectural gifts. As with so much in his life,
there were compromises and problems (he spent too much money), but
also as with so much else, Jefferson created something that endured.
loc9426-29:
His first university appointment fell victim to the kind of sectarian
religious strife that drove him to distraction. In 1820, Thomas
Cooper, a Unitarian, was asked to come to the university as a
professor. The state's religious world reacted badly, mounting what
Jefferson called a "Holy Inquisition," and the zealots won. 54
Jefferson was forced to back down.
loc9432-37:
The immediate cause of worry for sectarian observers was Jefferson's
refusal to include a professor of divinity on the faculty. In his 1822
annual report as rector, Jefferson gently but unmistakably shifted the
burden back to the individual faiths themselves, offering any sect the
opportunity to build and fund its own school on the grounds of the
university. The library would be open to all, and officials would
allow students the ability to attend classes of a sectarian nature as
well as ordinary university courses--"but always understanding,"
Jefferson wrote, "that these schools shall be independent of the
University and of each other."
... snip ...
refs to inequality
https://www.garlic.com/~lynn/submisc.html#inequality
past refs to "leet-men":
https://www.garlic.com/~lynn/2012e.html#31 PC industry is heading for more change
https://www.garlic.com/~lynn/2012h.html#15 Imbecilic Constitution
https://www.garlic.com/~lynn/2012k.html#7 Is there a connection between your strategic and tactical assertions?
https://www.garlic.com/~lynn/2012l.html#17 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2012o.html#71 Is orientation always because what has been observed? What are your 'direct' experiences?
https://www.garlic.com/~lynn/2014e.html#61 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014m.html#84 LEO
https://www.garlic.com/~lynn/2015.html#29 the previous century, was channel islands, definitely not the location of LEO
https://www.garlic.com/~lynn/2015b.html#62 Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2016c.html#38 Qbasic
https://www.garlic.com/~lynn/2016e.html#123 E.R. Burroughs
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: follow up to dense code definition Newsgroups: alt.folklore.computers Date: Fri, 06 Jan 2017 11:57:42 -0800Michael Black <et472@ncf.ca> writes:
one of the scenarios from the 60s to optimize use of scarce real storage ... was self-modifying code ... modifying instructions on the fly for specific cases.
this became less & less useful as real memory become more plentiful, and major problem later Harvard architectures with non-synchronized I(instruction) and D(ata) caches became more common (loaders required special instructions to flush D-caches address ranges back to memory and flush I-cache address ranges from cache ... so future I-cache references were forced to be loaded from memory.
APL is also interpreted ... so the interpreter could have very good I-cache locality to partially offset interpreted overhead. Various cache-miss compensation, like prefetch and out-of-order execution, has offset some of this; i.e. latency for memory access, cache-miss measured in count of processor cycles ... is comparable to 60s disk access latency measured in count of 60s processor cycles.
Original APL\360 configuration was usually 16kbyte or 32kbyte workspaces
which were swapped as integral unit. when science center
https://www.garlic.com/~lynn/subtopic.html#545tech
ported APL\360 to CP67/CMS for CMS\APL ... workspace size was opened to full virtual memory size. A big early problem was that APL allocated a new storage location for every assignment, when all workspace memory was exhausted, it would do collection/compaction and then restart (even very small looping program could easily do repeatedly exhaust all available workspace). Moving to demand page virtual memory (much larger than available real storage) even a simple APL program could result in severe page thrashing. Before CMS\APL could be released, all this had to be reworked.
APL and/or HONE posts (HONE was virtual machine based, online world-wide
sales&marketing system, majority was APL applications, largest APL use I
know of in the world, trivia: one of my hobbies at IBM was enhanced
production operating systems for internal datacenters and HONE was
longtime customer)
https://www.garlic.com/~lynn/subtopic.html#hone
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Japanese company replaces office workers with artificial intelligence Date: 06 Jan 2017 Blog: FacebookJapanese company replaces office workers with artificial intelligence - Insurance firm Fukoku Mutual Life Insurance is making 34 employees redundant and replacing them with IBM's Watson Explorer AI.
I remember in the 70s at the IBM science center, reading numerous references to this:
The Undoing Project: A Friendship That Changed Our Minds; loc2276-79:
The Oregon researchers went and tested the hypothesis anyway. It
turned out to be true. If you wanted to know whether you had cancer or
not, you were better off using the algorithm that the researchers had
created than you were asking the radiologist to study the X-ray. The
simple algorithm had outperformed not merely the group of doctors; it
had outperformed even the single best doctor. You could beat the
doctor by replacing him with an equation created by people who knew
nothing about medicine and had simply asked a few questions of
doctors.
log2289-90:
The implications were vast. "If these findings can be generalized to
other sorts of judgmental problems," Goldberg wrote, "it would appear
that only rarely--if at all--will the utilities favor the continued
employment of man over a model of man."
loc2291-93:
Why would the judgment of an expert--a medical doctor, no less--be
inferior to a model crafted from that very expert's own knowledge? At
that point, Goldberg more or less threw up his hands and said, Well,
even experts are human. "The clinician is not a machine," he
wrote. "While he possesses his full share of human learning and
hypothesis-generating skills, he lacks the machine's reliability."
loc2296-99:
Right after Goldberg published those words, late in the summer of
1970, Amos Tversky showed up in Eugene, Oregon.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Separation church and state Date: 06 Jan 2017 Blog: Facebookre:
part of the above ...
The Irish Slave Trade - The Forgotten "White" Slaves
http://www.globalresearch.ca/the-irish-slave-trade-the-forgotten-white-slaves/31076
From 1641 to 1652, over 500,000 Irish were killed by the English and
another 300,000 were sold as slaves. Ireland's population fell
from about 1,500,000 to 600,000 in one single decade. Families were
ripped apart as the British did not allow Irish dads to take their
wives and children with them across the Atlantic. This led to a
helpless population of homeless women and children. Britain's
solution was to auction them off as well.
... snip ...
refs to inequality
https://www.garlic.com/~lynn/submisc.html#inequality
... and more recent
How nostalgia for white Christian America drove so many Americans to
vote for Trump
https://www.washingtonpost.com/local/social-issues/how-nostalgia-for-white-christian-america-drove-so-many-americans-to-vote-for-trump/2017/01/04/4ef6d686-b033-11e6-be1c-8cec35b1ad25_story.html
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: House GOP appallingly votes to conceal cost of Obamacare repeal to taxpayers Date: 07 Jan 2017 Blog: FacebookHouse GOP appallingly votes to conceal cost of Obamacare repeal to taxpayers
Sounds like medicare part-D in 2003. CBS 60mins did segment on 18
republican congressmen and staffers responsible for getting part-D
through. At last minute they add one line sentence and prevent CBO
from distributing report of the change. Within six months of passing,
all 18 had resigned and on drug industry payroll. US Comptroller
General later includes in speeches that part-D comes to be long-term
$40T item that swamps all other budget items.
https://www.garlic.com/~lynn/submisc.html#medicare.part-d
US Comptroller General posts
https://www.garlic.com/~lynn/submisc.html#comptroller.general
It was 1st major bill passed after they let financial responsibility
act lapse in 2002 (spending couldn't exceed tax revenue, on its way to
eliminating all federal debt). 2010 CBO report was that 2003-2009, tax
revenue was cut $6T and spending was increased $6T for $12T budget gap
compared to fiscal responsible budget (deficit almost $2T/yr). Since
then spending has decreased, but taxes haven't been restored so debt
continues to increase. It will be major burden going forward since
just interest on the debt is now pushing half trillion/yr. By 2005, US
Comptroller General is (also) including in speeches that nobody in
Congress is capable of middle school arithmetic for how badly they are
savaging the budget.
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
Note, Congress pumped trillions of dollars into military-industrial
complex for the two wars
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
.... but avoided providing the appropriations for VA health for a long time. A mental health care professional neighbor talked about that when congress finally got around to increased funding for PTSD and increase in health care professionals .... VA tried to hire nearly every mental health care professional in the country. Problem was that it was going to take some time before the system could produce the number of mental health care professionals needed. The delay in funding for VA shows up in other types of care also. When it looked like congress wasn't going to increase total DOD budget, military-industrial complex started lobbying for decreasing benefits (so they could get a bigger piece of the available pie). In the mean time, VA has had to resort to heavy drug doses (as alternative to treatment by professional), most of these drugs are almost impossible to get off ... so they may be on the drugs for the rest of their life, which is (also) just fine with the drug industry.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Destruction of the Middle Class Date: 08 Jan 2017 Blog: FacebookThe Limping Middle Class
"Confidence Men" has a civil engineering professor talking to Volcker
about last several decades civil engineering programs at univ. being
eliminated (lack of building programs, lack of jobs for civil
engineering graduates, no jobs means drop off in students) ... and
Volcker responds:
"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!". Some number of recent US rebuild
projects have gone to companies from foreign countries that are still
producing civil engineering graduates.
... snip ...
Milton Friedman
https://en.wikipedia.org/wiki/Milton_Friedman
Friedman promoted an alternative macroeconomic viewpoint known as
"monetarism", and argued that a steady, small expansion of the money
supply was the preferred policy.[12] His ideas concerning monetary
policy, taxation, privatization and deregulation influenced government
policies, especially during the 1980s.
... snip ...
which corresponds to the beginning destruction of the middle class as
well as the S&L crisis. The original S&L regulator refused to go along
with the requests. He was then asked to resign so the president could
appoint somebody that would go along. This goes into it
https://www.amazon.com/Two-Trillion-Dollar-Meltdown-Rollers-ebook/dp/B0097DE7DM/
including loc655-67:
By the time Pratt had finished, it was possible for a single
individual to take control of an S&L, then organize and lend to
multiple subsidiaries -- for land acquisition, construction, building
management, and the like -- and create his own small real estate
empire entirely with depositors' money.
... snip ...
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
(triple-A rated) toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
inequality refs
https://www.garlic.com/~lynn/submisc.html#inequality
S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: TV show Mannix observations Newsgroups: alt.folklore.computers Date: Mon, 09 Jan 2017 15:28:37 -0800Lawrence Statton NK1G <lawrence@senguio.mx> writes:
past refs:
https://www.garlic.com/~lynn/2002d.html#11 Security Proportional to Risk (was: IBM Mainframe at home)
https://www.garlic.com/~lynn/2003e.html#68 The Pentium 4 - RIP?
https://www.garlic.com/~lynn/2004q.html#57 high speed network, cross-over from sci.crypt
https://www.garlic.com/~lynn/2009c.html#30 I need magic incantation for a power conditioner
https://www.garlic.com/~lynn/2011f.html#25 Fear the Internet, was Cool Things You Can Do in z/OS
https://www.garlic.com/~lynn/2011j.html#19 disclosing "business" information on the internet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: follow up to dense code definition Newsgroups: alt.folklore.computers Date: Mon, 09 Jan 2017 16:01:17 -0800hancock4 writes:
To conserve real memory and overhead, standard os/360 process was I/O channel programs built by application (or library code running in application space) ... and then passed to supervisor (SVC0/EXCP call) for execution ... which did some (increasingly non-trivial) verification ... before initiating the actual i/o operation (supervisor not differentiating whether the application directly built the channel programs or they were built by library code running in application space).
channel programs use real addresses ... so os/360 transition from real to virtual addressing resulted in supervisor having to make a copy of the channel program (passed from application), replacing all (application) virtual addresses with their corresponding real addresses. Most of the code in initial os/360 virtual memory implementation was borrowed from virtual machine CP67 (CCWTRANS) that copyied virtual machine channel programs, substituting real addresses for virtual.
However, there is huge amount of hardware channel program chatter that
doesn't scale well. In 1980, STL was moving 300 people from the IMS
group with access back to the STL datacenter. The IMS people had tried
"remote 3270" and found the human factors totally unacceptable. I was
then con'ed into doing support for channel extension ... allowing
channel attached 3270 controllers at the offsite bldg. Part of the
protocol involved downloading the channel program to a channel simulator
at the remote site ... significantly masking the huge channel program
chatter overhead. For various reasons, people at the remote site didn't
see any difference in online activity ... and the associated mainframes
actually had higher throughput (after the move). The hardware vendor
then tried to get IBM to release my support ... but there was a group in
POK playing with some fiber stuff who got it blocked because they were
afraid if it was in the market, it would make it more difficult to get
their stuff out. some past posts
https://www.garlic.com/~lynn/submisc.html#channel.extender
In 1988, I got asked if I could help LLNL standardize some serial stuff they were playing with ... which quickly becomes Fibre Channel Standard (FCS), including support for remote execution of I/O programs to minimize protocol chatter latency.
In 1990, the POK people finally get their stuff released with ES/9000 as ESCON (when it is already obsolete) ... basically simulating half-duplex parallel copper with all the protocol chatter latency ... but running over pairs of fiber.
Then some POK people get involved in FCS and define a heavy-weight
protocol that drastically reduces the native throughput ... that
eventually ships as FICON ... some past posts
https://www.garlic.com/~lynn/submisc.html#ficon
The most recent IBM published mainframe peak I/O benchmark is for z196 using 104 FICONs (running over 104 FCS) getting 2M IOPS. About the same time, an FCS was announced for E5-2600 blade claiming over million IOPS (for single FCS, two such FCS having higher throughput than 104 FCS running FICON).
They have published protocol enhancement for FICON that is a little like the work I did in 1980, but it only claims a 30% improvement over original FICON.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: {wtf} Tymshare SuperBasic Source Code
Newsgroups: comp.sys.xerox, alt.folklore.computers, alt.sys.pdp10
Date: Wed, 11 Jan 2017 10:59:06 -0800
pechter@pechter.dyndns.org (William Pechter) writes:
then as part of the morph of cp67 to vm370 .... lots of stuff was
dropped (including no SMP support) Some old email about moving a lot
of (dropped) cp67 to vm370 (one of my hobbies at IBM was doing
enhanced production operating systems for internal datacenters)
https://www.garlic.com/~lynn/2006v.html#email731212
https://www.garlic.com/~lynn/2006w.html#email750102
https://www.garlic.com/~lynn/2006w.html#email750430
which didn't (yet) include SMP support (although it did include a lot of kernel restructure needed by SMP support) ... somehow or another AT&T longlines was able to get a copy of this CSC/VM system.
In early 80s, the IBM national rep for AT&T tracked me down to ask me if I could help AT&T migrate off that CSC/VM systems (to latest vm370 w/smp support, over the years, AT&T propated CSC/VM to a number of datacenters and migrated it to latest mainframe processors). Come early 80s & the latest 3081 mainframe ... was originally planned to no longer be offered in single processor configurations. There was concern that AT&T would be forced to (buy &) move (that nearly decade old) CSC/VM to non-IBM clone mainframes (which still offered single processor configurations)
Recent post in facebook "old online" discussion about non-IBM (single processor) mainframe at Dialog:
from long ago and far away
Date: 04/22/81 09:51:27
From: wheeler
re: Tandem, DIALOG, etc.;
before the BAYBUNCH meeting last night, we went up and did a customer
call on DIALOG (& got to see the AS9000). While we were there xxxxx
called & I talked to him for a while. I happened to mention the NAS
headhunter call & the details -- coincidence it was the day before I was
to call on DIALOG & see the AS 9000. He said that DIALOG would offer a
much better deal. DIALOG is currently part of a Lockheed division.
DIALOG has around 120 people, the whole division has around 20,000
people, but last year DIALOG accounted for 40% of the division
profits. Right now DIALOG is in the process of breaking off & becoming a
subsidiary. They will be offering substantial profit sharing deals.
they also had something like 320 disk drives (200mbyte, 3330-11,
64gbyte). AS9000 was ibm mainframe clone built by Hitachi and marketed
in the US by NAS.
Reference in the above, head hunter had called asking me to interview
for technical assistant to President of NAS. I was sitting in office of
the executive that ran Dialog and former co-worker called him, and the
executive handed phone to me, former co-worker mentioned that DIALOG
would make me a much better offer. BAYBUNCH was local monthly technical
meeting hosted at SLAC.
... snip ... top of post, old email index
other random trivia:
ACP/TPF (airline control program) still didn't have SMP support and IBM also worrying that market would all migrate to clone mainframes (that still offered single processor configurations). Eventually IBM did come out with 3083 (primarily because of ACP/TPF market) ... which was basically 3081 with one processor removed (there was issue that processor0 was at top of box and processor1 was in the middle, easiest would have been to remove processor1, but that would have left the box dangerously top heavy).
TSS/360 had been decommuted but the group did manage to port to TSS/370
for supporting a few customers. Then a special project was done with
AT&T ... taking a stripped down TSS/370 kernel (SSUP) with UNIX layered
on top (giving them SMP operation). past posts mentioning SSUP:
https://www.garlic.com/~lynn/2007m.html#69 Operating systems are old and busted
https://www.garlic.com/~lynn/2010e.html#17 Senior Java Developer vs. MVS Systems Programmer (warning: Conley rant)
https://www.garlic.com/~lynn/2010h.html#61 (slightly OT - Linux) Did IBM bet on the wrong OS?
https://www.garlic.com/~lynn/2010i.html#44 someone smarter than Dave Cutler
https://www.garlic.com/~lynn/2010l.html#2 TSS (Transaction Security System)
https://www.garlic.com/~lynn/2010o.html#0 Hashing for DISTINCT or GROUP BY in SQL
https://www.garlic.com/~lynn/2011.html#73 Speed of Old Hard Disks - adcons
https://www.garlic.com/~lynn/2011.html#96 History of copy on write
https://www.garlic.com/~lynn/2011f.html#85 SV: USS vs USS
https://www.garlic.com/~lynn/2012.html#67 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012f.html#28 which one came first
https://www.garlic.com/~lynn/2012o.html#34 Regarding Time Sharing
https://www.garlic.com/~lynn/2013n.html#24 Aging Sysprogs = Aging Farmers
https://www.garlic.com/~lynn/2013n.html#92 'Free Unix!': The world-changing proclamation made30yearsagotoday
https://www.garlic.com/~lynn/2014f.html#74 Is end of mainframe near ?
https://www.garlic.com/~lynn/2014j.html#17 The SDS 92, its place in history?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: History of Mainframe Cloud Newsgroups: bit.listserv.ibm-main Date: 12 Jan 2017 10:51:15 -0800starsoul@MINDSPRING.COM (Lizette Koehler) writes:
transition to online available 7x24 was an issue since machine usage offshift from home was quite variable ... and ibm mainframe even sitting idle (but available) was quite expensive. lots of work was done on cp67 to support darkroom, unattended operation ... to minimize offshift costs when (especially initally) there was little usage (but in order to promote offshift usage, system had to be up 7x24).
this was also in the days when systems were rented ... and monthly
charges was based on the "system meter" that ran whenever the processor
and/or (any) channel was executing (processor and all channel activity
had to be idle for at least 400ms before system meter stopped). cp67 did
some special programming so that channel would go idle ... but instantly
wake up whenever there was any arriving characters ... further reducing
offshift costs when idle. Trivia: long after the shift from rent/leased
to sales ... MVS still had a timer task that woke up every 400ms (making
sure that system meter never stopped).
https://www.garlic.com/~lynn/submain.html#online
The science center offered online service both internal and to students/staff/professors at local univ. in cambridge area. One of the issues was highest security since some of the internal users were Armonk business planners which had loaded the most valuable and sensitive corporate data on the system ... and the system was also being used by non-employees from local universities.
CP67/CMS was also being used by various gov. agencies. I was
undergraduate at the time but doing extenive CP67/CMS changes ... and
would even periodically get requests from IBM for enhancements. I
didn't know about it at the time, but some of the (security related)
requests from IBM may have actually originated from gov. agencies
(although I didn't find out about them until much later). gone 404,
but still lives free at the wayback machine:
https://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml
even before I graduated, Boeing hired me full time to help with the formation of Boeing Computer Serivces ... consolidate all of dataprocessing in an independent business unit to better monetize the investment (including offering services to non-Boeing entities). Boeing Renton had somewhere around $300M (late 60s $$s) in IBM mainframes ... 360/65s were arriving faster than they could be installed ... and were in the processor of replicating Renton datacenter at Paine Field (for disaster survival).
late 70s/early 80s customers bought large number of 4300s. datacenter 4300 clusters had more aggregate processing & i/o than high-end mainframes at significant lower cost, smaller footprint, lower power usage and environmental requirements. large customers also had orders of 4300 in hundreds at a time for placing out in departmental areas (sort of the leading edge of the distributed computing tsunami). In 1979, I was asked to do 4341 benchmarks for national lab that was looking at getting 70 4341s for compute farm ... a leading edge of the coming cluster supercomputers.
modern large cloud operators will have several megadatacenters, each
one with hundreds of thousands of systems (and millions of processors)
staffed by 80-100 people ... to meet elastic, on-demand
computing. They claim that they assemble their own systems for 1/3rd
the cost of systems from brand name vendors (and server chips for
cloud megadatacenters exceed number going to brand name server
vendors) ... enabling provisioning for enormous elastic ondemand
... system costs have been so radically reduced that power&cooling
have increasingly became major cost. They've worked extensively with
chip makers so that they can have systems where power/cooling drops to
zero when idle ... but are "instant on" as needed for on-demand use
(going way beyond what was done for cp67/cms in the 60s). some
recent posts
https://www.garlic.com/~lynn/2015.html#35 [CM] IBM releases Z13 Mainframe - looks like Batman
https://www.garlic.com/~lynn/2015.html#46 Why on Earth Is IBM Still Making Mainframes?
https://www.garlic.com/~lynn/2015.html#78 Is there an Inventory of the Inalled Mainframe Systems Worldwide
https://www.garlic.com/~lynn/2015.html#82 Is there an Inventory of the Installed Mainframe Systems Worldwide
https://www.garlic.com/~lynn/2015b.html#57 Economics of Mainframe Technology
https://www.garlic.com/~lynn/2015c.html#30 IBM Z13
https://www.garlic.com/~lynn/2015d.html#50 Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2015e.html#69 Cambridge's HPC-as-a-service for boffins, big and small
https://www.garlic.com/~lynn/2015f.html#0 What are some of your thoughts on future of mainframe in terms of Big Data?
https://www.garlic.com/~lynn/2015f.html#5 Can you have a robust IT system that needs experts to run it?
https://www.garlic.com/~lynn/2015f.html#35 Moving to the Cloud
https://www.garlic.com/~lynn/2015f.html#83 Miniskirts and mainframes
https://www.garlic.com/~lynn/2015f.html#93 Miniskirts and mainframes
https://www.garlic.com/~lynn/2015g.html#18 Miniskirts and mainframes
https://www.garlic.com/~lynn/2015g.html#19 Linux Foundation Launches Open Mainframe Project
https://www.garlic.com/~lynn/2015g.html#83 Term "Open Systems" (as Sometimes Currently Used) is Dead -- Who's with Me?
https://www.garlic.com/~lynn/2015g.html#93 HP being sued, not by IBM.....yet!
https://www.garlic.com/~lynn/2016b.html#57 Introducing the New z13s: Tim's Hardware Highlights
https://www.garlic.com/~lynn/2016b.html#93 Google joins Facebook's game-changing project that's eating the $140 billion hardware market
https://www.garlic.com/~lynn/2016b.html#104 You count as an old-timer if (was Re: Origin of the phrase "XYZZY")
https://www.garlic.com/~lynn/2016c.html#24 CeBIT and mainframes
https://www.garlic.com/~lynn/2016c.html#61 Can commodity hardware actually emulate the power of a mainframe?
https://www.garlic.com/~lynn/2016e.html#50 China takes the lead in supercomputing while America sleeps
https://www.garlic.com/~lynn/2016e.html#90 Google and Facebook put their fierce rivalry aside to save money in this key area
https://www.garlic.com/~lynn/2016f.html#62 remote system support (i.e. the data center is 2 states away from you)
https://www.garlic.com/~lynn/2016f.html#77 Why the cloud is bad news for Cisco, Dell, and HP
https://www.garlic.com/~lynn/2016f.html#89 Why the cloud is bad news for Cisco, Dell, and HP
https://www.garlic.com/~lynn/2016g.html#45 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016g.html#61 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016h.html#47 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#48 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#55 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#57 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#60 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: History of Mainframe Cloud Newsgroups: bit.listserv.ibm-main Date: 12 Jan 2017 14:00:34 -0800re:
Les sent me this CP40/CMS presentation that he gave at '82 SEAS meeting,
and let me scan, OCR and put it up
https://www.garlic.com/~lynn/cp40seas1982.txt
a copy is also in the appendix of Melinda's (neuall.pdf) VM history
paper. Some years ago, I converted Melinda's postscript to pdf & kindle
formats and she added them to her site. and earlier, from long ago and
far away at princeton
https://web.archive.org/web/20050924051057/http://www.princeton.edu/~melinda/index.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: {wtf} Tymshare SuperBasic Source Code
Newsgroups: comp.sys.xerox, alt.folklore.computers, alt.sys.pdp10
Date: Thu, 12 Jan 2017 21:53:02 -0800
pechter@pechter.dyndns.org (William Pechter) writes:
guys from cambridge science center came out
https://www.garlic.com/~lynn/subtopic.html#545tech
jan 1968 to install cp67 at the univ. I did a lot of enhancements for
cp67 as undergraduate at the univ ... including added tty terminal
support. I tried to make the ibm terminal controller do some stuff that
it couldn't quite do. somewhat as a result, the univ. starts a clone
controller project ... interdate/3 programmed to emulate ibm controller
and build hardware channel interface board. This then evolves into
interdata/4 for the channel interface with multiple interdata/3s
handling line/port scanner function. Interdata starts marketing it into
ibm market ... and four of us get written up as responsible for (some
part of) clone controller market. It continued to be sold under
perkin/elmer name (after buying interdata). some past posts
https://www.garlic.com/~lynn/submain.html#360pcm
I run into one of the boxes at large mid-atlantic datacenter around turn of the century handling majority of dialup point-of-sale terminal transactions for the east coast.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Destruction of the Middle Class Date: 13 Jan 2017 Blog: Facebookre:
Milton Friedman's Cherished Theory Is Laid to Rest
https://www.bloomberg.com/view/articles/2017-01-12/milton-friedman-s-cherished-theory-is-laid-to-rest
Even now, when economic models have become far more complex than
anything in Friedman's time, economists still go back to Friedman's
theory as a mental touchstone -- a fundamental intuition that guides
the way they make their models. My first macroeconomics professor
believed in it deeply and instinctively, and would even bring it up in
department seminars.
... snip ...
"The Undoing Project" goes into some detail how Kahneman and Tversky
disproved Economists' assumption that people make rational decisions
... getting Kahneman (a psychologist) Nobel Prize in economics.
loc1155-59:
He had listened to an American economist talk about how so-and-so was
stupid and so-and-so was a fool, then said, "All your economic models
are premised on people being smart and rational, and yet all the
people you know are idiots."
... snip ...
some posts
https://www.garlic.com/~lynn/submisc.html#inequality
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How the U.S. Hobbled Its Hacking Case Against Russia and Enabled Truthers Date: 13 Jan 2017 Blog: FacebookHow the U.S. Hobbled Its Hacking Case Against Russia and Enabled Truthers
triva ... Olie's problem with IBM PROFs email system in the 80s
https://en.wikipedia.org/wiki/Oliver_North#Iran.E2.80.93Contra_affair
after Iran/Contra following administrations had to get more inventive, as it became harder and harder to disappear email from gov. servers, they eventually had to move to non-gov. servers
100,000 lost in the 90s, because backup was "misconfigured"
http://www.judicialwatch.org/blog/2008/01/clinton-white-house-lost-emails-too/
Hillary's email scandal -- of the 1990s! Exclusive: Larry Klayman
tells of 1 million messages 'lost' from White House server
http://www.wnd.com/2016/06/hillarys-email-scandal-of-the-1990s/
The Other Clinton Email Scandal You May Not Know About
http://ijr.com/2016/06/624529-this-isnt-the-first-clinton-email-scandal/
Politicos squabble over 'missing' White House e-mails
https://www.cnet.com/news/politicos-squabble-over-missing-white-house-e-mails/
then
The George W. Bush White House 'Lost' 22 Million Emails
http://www.newsweek.com/2016/09/23/george-w-bush-white-house-lost-22-million-emails-497373.html
Special Report: G.W. Bush's 103.6 million missing email messages and
the IT archiving challenge
http://www.zdnet.com/article/special-report-g-w-bushs-103-6-million-missing-email-messages-and-the-it-archiving-challenge/
Bush White House email controversy
https://en.wikipedia.org/wiki/Bush_White_House_email_controversy
Missing White House Emails
http://www.pbs.org/weta/washingtonweek/web-video/missing-white-house-emails
Disappearing White House Emails Timeline
https://www.emptywheel.net/2008/01/17/disappearing-white-house-emails-timeline/
Group Sues White House to Restore Missing Emails; National Security
Archive says White House must reactivate its email archiving system
http://www.darkreading.com/attacks-breaches/group-sues-white-house-to-restore-missing-emails/d/d-id/1128976
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Milton Friedman's Cherished Theory Is Laid to Rest Date: 13 Jan 2017 Blog: Facebookre:
Milton Friedman's Cherished Theory Is Laid to Rest
https://www.bloomberg.com/view/articles/2017-01-12/milton-friedman-s-cherished-theory-is-laid-to-rest
Even now, when economic models have become far more complex than
anything in Friedman's time, economists still go back to Friedman's
theory as a mental touchstone -- a fundamental intuition that guides
the way they make their models. My first macroeconomics professor
believed in it deeply and instinctively, and would even bring it up in
department seminars.
... snip ...
"The Undoing Project" goes into some detail how Kahneman and Tversky
disproved Economists' assumption that people make rational decisions
... getting Kahneman (a psychologist) Nobel Prize in
economics. loc1155-59:
He had listened to an American economist talk about how so-and-so was
stupid and so-and-so was a fool, then said, "All your economic models
are premised on people being smart and rational, and yet all the
people you know are idiots."
... snip ...
https://en.wikipedia.org/wiki/Milton_Friedman
Friedman promoted an alternative macroeconomic viewpoint known as
"monetarism", and argued that a steady, small expansion of the money
supply was the preferred policy.[12] His ideas concerning monetary
policy, taxation, privatization and deregulation influenced government
policies, especially during the 1980s.
... snip ...
which corresponds to the beginning destruction of the middle class as well as the S&L crisis.
The Limping Middle Class
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html
and
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
"Confidence Men" has a civil engineering professor talking to Volcker about last several decades civil engineering programs at univ. being eliminated (lack of building programs, lack of jobs for civil engineering graduates, no jobs means drop off in students) ... and Volcker responds: "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!". Some number of recent US rebuild projects have gone to companies from foreign countries that are still producing civil engineering graduates.
The original S&L regulator refused to go along with the requests. He
was then asked to resign so the president could appoint somebody that
would go along. This goes into it
https://www.amazon.com/Two-Trillion-Dollar-Meltdown-Rollers-ebook/dp/B0097DE7DM/
including loc655-67:
By the time Pratt had finished, it was possible for a single
individual to take control of an S&L, then organize and lend to
multiple subsidiaries -- for land acquisition, construction, building
management, and the like -- and create his own small real estate
empire entirely with depositors' money.
... snip ...
some posts
https://www.garlic.com/~lynn/submisc.html#inequality
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
The man who studies the spread of ignorance (from Jan 2016)
http://www.bbc.com/future/story/20160105-the-man-who-studies-the-spread-of-ignorance
in more detail: Merchants of Doubt: How a Handful of Scientists
Obscured the Truth on Issues from Tobacco Smoke to Global Warming
https://www.amazon.com/Merchants-Doubt-Handful-Scientists-Obscured/dp/B003RRXXO8/
Some of the "Tobacco Smoke"/"Global Warning" (merchants of doubt)
scientists were also involved with Team B, helping spin over
estimating enemy capability. When director of CIA won't agree to "Team
B" Soviet analysis justifying huge increase in military spending, he
is replaced by somebody that would (who later becomes VP and then
President)
https://en.wikipedia.org/wiki/Team_B
Rumsfeld white house chief of staff (74-75), after replacing CIA
director, he becomes SECDEF (75-77), and replaced by one of his
staffers, Dick Cheney. He is again SECDEF 2001-2006
https://en.wikipedia.org/wiki/Donald_Rumsfeld
When Rumsfeld was white house chief of staff 74-75, Cheney was on his
staff. Cheney then becomes white house chief of staff when Rumsfeld
becomes SECDEF. Cheney is then SECDEF from 89-93 and VP 2001-2009
https://en.wikipedia.org/wiki/Dick_Cheney
one of the "Team B" members
https://en.wikipedia.org/wiki/Paul_Wolfowitz
He is a leading neoconservative.[4] As Deputy Secretary of Defense, he
was "a major architect of President Bush's Iraq policy and ... its
most hawkish advocate."[5] In fact, "the Bush Doctrine was largely
[his] handiwork".
... snip ...
Team B was also involved in supplying Saddam with weapons
https://en.wikipedia.org/wiki/Iran-Iraq_War
including WMDs
https://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
last decade, cousin of white house chief of staff Card ... was dealing
with the Iraqis at the UN and was given evidence that WMDs had been
decommissioned. She shared it with Card, Powell and others ... then is
locked up in military hospital, book was published in 2010 (before
decommissioned WMDs were declassified)
https://www.amazon.com/EXTREME-PREJUDICE-Terrifying-Story-Patriot-ebook/dp/B004HYHBK2/
during the invasion, the decommissioned WMDs were found (tracing back
to the US), but the information was classified until 2014
http://www.nytimes.com/interactive/2014/10/14/world/middleeast/us-casualties-of-iraq-chemical-weapons.html
Team B posts
https://www.garlic.com/~lynn/submisc.html#team.b
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
and posts on the Iraqi WMD issue
https://www.garlic.com/~lynn/submisc.html#wmds
perpetual war
https://www.garlic.com/~lynn/submisc.html#perpetual.war
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: History of Mainframe Cloud Newsgroups: bit.listserv.ibm-main Date: 13 Jan 2017 13:41:55 -0800mike.a.schwab@GMAIL.COM (Mike Schwab) writes:
note, I've previously referenced, large public clouds have also done enormous work on the efficiency and economics so that they can serve elastic on-demand, possibly having 80%-90% idle (zero electricity & cooling, instant on) ... just so they can have capacity for peak demand.
we were doing commercial/DBMS and sicentific/technical cluster scale-up
as part of our (ibm) HA/CMP product. reference to Jan1992 meeting in
Ellison's conference room on commercial/DBMS cluster scale-up
https://www.garlic.com/~lynn/95.html#13
within a few weeks, cluster scale-up was transferred, announced as
supercomputer for technical/scientific *ONLY* and we were told we
couldn't work on anything with more than four processors. some old
email (mainframe DB2 group was also complaining that if I was allowed
to go ahead, it would be at least 5yrs ahead of them)
https://www.garlic.com/~lynn/lhwemail.html#medusa
and posts
https://www.garlic.com/~lynn/subtopic.html#hacmp
... which contributes to our decision to leave. Later, two of the other people in the Ellison meeting have also left and are at a small client/server startup responsible for something called "commerce server". We are brought in because they want to do payment transactions on the server. The startup had also invented this technology they called "SSL" they wanted to use; the result is now frequently called "electronic commerce".
At the time, the payment industry was primarily circuit-based with end-to-end diagnostics and trouble desk was expected to do 1st level problem determination within 5mins. Early "electronic commerce" pilot was large sporting goods vendor that advertised during NFL half-time. An early trouble call was closed as "NTF" (no trouble found) after 3hrs of investigation. I had to document a lot of processes and craft software to try and bring a packet-oriented infrastructure up to the level of what the payment industry expected from circuit-based infrastructure (I also had complete authority over the server to payment network gateway operation ... but could only make recommendations over the client/server operation ... some of which were almost immediately violated and continue to account for some number of exploits).
A couple of other observations
1) the platforms used for servers had come from an interactive environments ... which grewup assuming everything was done interacting with user ... and problems just frequently "punted" back to the user. Mainframes tended to assume there was no responsible human interaction and for decades developed hueristics to (automagically) try and handle issues (at the time, much better suited for dark room server operation).
2) I would claim that it takes 4-10 times the effort to take a well designed, implemented and tested application and turn it into a service (in part develop adhoc hueristics to handle lots of situations).
In this period there was lots of work on object-oriented operating systems ... for instance Apple had "pink" and Sun had "spring" (at one point I was asked if I would consider heading up an effort to turn "spring" out as commercial product). "pink" somewhat morphs into application development environment which Apple spins off as Taligent. I had one week JAD with Taligent to look at what it would take to enhance their application development environment for services ... after a week the estimate was it would be 1/3rd hit to all their existing object Frameworks and a couple new Frameworks (never went further than that).
trivia: 17Feb1992 press about scientific & technical *ONLY*
https://www.garlic.com/~lynn/2001n.html#6000clusters1
and then 11May1992 press caught by surprise in cluster scale-up
https://www.garlic.com/~lynn/2001n.html#6000clusters2
we did eventually find a object-oriented application development company that did fixed-priced commercial services ... it was founded by the person that formally was head of the 60s IBM FAA air traffic control project.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: {wtf} Tymshare SuperBasic Source Code
Newsgroups: comp.sys.xerox, alt.folklore.computers, alt.sys.pdp10
Date: Fri, 13 Jan 2017 20:55:38 -0800
jmfbahciv <See.above@aol.com> writes:
maybe a little closer to (your) home(?) ... michican terminal system
(running on 360/67)
http://www.eecis.udel.edu/~mills/gallery/gallery8.html
does a similar (clone) controller project using PDP8
http://www.eecis.udel.edu/~mills/gallery/gallery7.html
lots of places were sold (virtual memory) 360/67 to run tss/360 ... which never quite achieved final version. some of those places dropped back to running 360/67 as 360/65 with os/360.
The cambridge science center ... some posts
https://www.garlic.com/~lynn/subtopic.html#545tech
csc/vm (&/or sjr/vm) posts
https://www.garlic.com/~lynn/submisc.html#cscvm
... which had developed (virtual machine) cp40/cms for 360/40 (with
hardware modifications supporting virtual memory) and then when standard
360/67 became available, they moved cp40/cms to 360/67 for cp67/cms.
recent post in mainframe mailing list about cp40
https://www.garlic.com/~lynn/2017.html#21 History of Mainframe Cloud
https://www.garlic.com/~lynn/2017.html#22 History of Mainframe Cloud
and lots of the 360/67 customers ran cp67/cms ... lincoln labs, navy
postgraduate school, Boeing some gov. agencies, some silicon valley chip
makers, etc ... and some number of online commercial service bureaus,
Tymshare, NCSS, IDC, etc. ... some posts
https://www.garlic.com/~lynn/submain.html#online
For their 360/67, Stanford developed Orvyl operating system (later moved
to 370)
http://www.slac.stanford.edu/spires/explain/manuals/ORVMAN.HTML
And of course, Univ. of Michigan developed MTS ... from wayback machine
(also later moved to 370)
https://web.archive.org/web/20050212073808/www.itd.umich.edu/~doc/Digest/0596/feat01.html
https://web.archive.org/web/20050212073808/www.itd.umich.edu/~doc/Digest/0596/feat02.html
https://web.archive.org/web/20050212183905/www.itd.umich.edu/~doc/Digest/0596/feat03.html
note some of the CTSS people
https://en.wikipedia.org/wiki/Compatible_Time-Sharing_System
went to 5th flr to do Multics
https://en.wikipedia.org/wiki/Multics
others went to the science center on the 4th, initially to
do cp40/cms
https://www.garlic.com/~lynn/cp40seas1982.txt
In the early 70s, at the science center, I felt that I could do anything
that the multics people on the 5th flr were doing, I could do
performance, dynamic adaptive resource management, paging algorithms,
page-mapped filesystems, etc. IT wasn't fair to compare Multics customers
against cp67/vm370 customers, or even against the number of internal
corporate cp67/vm370 customers. However, one of my hobbies was producing
& supporting enhanced operating systems for iternal corporate
datacenters (CSC/VM). For a time, CSC/VM had about 50% more internal
installations than the total number of MULTICS installations that ever
existed
https://www.multicians.org/sites.html
Tymshare
https://en.wikipedia.org/wiki/Tymshare
was one of the places that I would periodically visit ... and were also regulars at the monthly Baybunch meetings held at SLAC.
also in Aug1976, Tymsare started offering their CMS-based online
computer conferencing system free to (IBM mainframe user group) SHARE (I
also setup with Tymshare to send me monthly copies of the VMSHARE files
for distribution on internal systems) ... archive here:
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
Tymshare also developed their own 370-based operating system, GNOSIS
https://en.wikipedia.org/wiki/GNOSIS
I was brought in to do evaluation/review of GNOSIS as part of the
spinoff as KeyKOS when MD bought Tymshare.
https://en.wikipedia.org/wiki/Tymshare#Tymshare_sold_to_McDonnell_Douglas
One of the other virtual machine based online services, NCSS
https://en.wikipedia.org/wiki/National_CSS
offered RAMIS from Mathematica Products Group
http://www.decosta.com/Nomad/tales/history.html
In 1973, NCSS decided to fund the development of an alternative product,
which in October of 1975 was released under the name NOMAD. That same
month, Gerry Cohen left Mathematica and released a product called FOCUS,
which he made available on Tymshare Inc's competing time-sharing system,
with the promise to RAMIS users that their applications could run
un-modified, and at a significant discount over NCSS' charges for RAMIS
applications.
FOCUS
https://en.wikipedia.org/wiki/FOCUS
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Milton Friedman's Cherished Theory Is Laid to Rest Date: 13 Jan 2017 Blog: Facebookre:
Economists Give Up on Milton Friedman's Biggest Idea
https://www.bloomberg.com/view/articles/2016-07-26/economists-give-up-on-milton-friedman-s-biggest-idea
The idea is called the permanent income hypothesis (PIH). Friedman
first put it on paper in 1957, and it still holds enormous sway in the
econ profession.
...
A blow to the mathematical version of the theory came in 2006, when
Georgetown economists Matthew Canzoneri, Robert Cumby and Behzad Diba
wrote a paper testing the consumption Euler equation directly against
real financial data -- something that, for reasons that escape me, no
economist seems to have actually tried before. The equation says that
when interest rates are high, people save more and consume less --
this is the way they smooth their consumption, as Friedman
predicted. But Canzoneri et al. found that the opposite is true -- for
whatever reason, the fact is that people tend to consume more when
rates are high.
...
So it's not much of an exaggeration to say that Friedman's PIH is the
cornerstone of modern macroeconomic theory. Unfortunately, there's
just one small problem -- it's almost certainly wrong.
... snip ...
From "Economic Man" to Behavioral Economics
https://hbr.org/2015/05/from-economic-man-to-behavioral-economics
Irrationality's Revenge
Savage and the economist Milton Friedman wrote in 1948, the proper
analogy was to an expert billiards player who didn't know the
mathematical formulas governing how one ball would carom off another
but "made his shots as if he knew the formulas."
Somewhat amazingly, that's where economists left things for more than
30 years. It wasn't that they thought everybody made perfect
probability calculations; they simply believed that in free markets,
rational behavior would usually prevail.
....
In fact our research only showed that humans are not well described by
the rational-agent model." And so a new set of decision scholars began
to examine whether those shortcuts our brains take are actually all
that irrational."
... snip ...
Michael Lewis' Revelatory 'The Undoing Project'
https://www.insidehighered.com/blogs/technology-and-learning/michael-lewis-revelatory-undoing-project
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: $16T National Debt Date: 14 Jan 2017 Blog: FacebookVisualizing Donald Trump's $20 Trillion Problem
2002 (republican) congress lets fiscal responsibility act (from earlier republican congress, spending can't exceed tax revenue, on its way to eliminating all federal debt) expire. 2010, CBO report was that 2003-2009 tax revenue was cut by $6T and spending increased by $6T for $12T budget gap compared to fiscal responsible budget (nearly $2T/yr). 2005, US Comptroller General was including in speeches that nobody in congress was capable of middle school arithmetic (for how badly they were savaging the budget). since then spending has been cut, but taxes not restored, so debt continues to increase; problem also is that interest on the debt is approaching .5T/yr.
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
One of the issues is that most would refer to the whole nearly $20T ... but recently some in congress have started only referring to the debt as the amount not borrowed from the SS Trust Fund (creating appearance that they are getting ready to mount a program to stiff the SS Trust Fund).
Stockman (80s republican budget director) claims credit for accelerating increase in contributions to SS Trust Fund (that completely covers baby boomer obligations) because he wanted to "borrow" it for DOD spending ... w/o appearing to increase taxes (although it pushes it into the future because taxes will have to be increased at some point in order to pay back what is owed the SS Trust Fund for baby boomer pension obligations).
Stockman also claims credit for starting to tax social security benefits ... effectively increasing amount of taxes collected (w/o appearing to raise taxes). The issue is that SS contributions are "after tax" contributions (taxes already paid at time SS contributions are collected) ... and now are being taxed again when the benefits are paid out.
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Milton Friedman's Cherished Theory Is Laid to Rest Date: 13 Jan 2017 Blog: Facebookre:
disclaimer: 1999 I was asked to try and help prevent the coming
economic mess by improving the integrity of securitized mortgages
supporting documents. For reasons that I still don't completely
understand, I was (also) invited to the homes of both the original 80s
S&L regulator that was asked to resign (because he didn't "go along")
and his replacement. past posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Securitized mortgages had been used during the S&L crisis to obfuscate
fraudulent mortgages (posterchild was office bldgs in Dallus/FtWorth
that turn out to be empty lots). Then last decade, they find that they
can pay rating agencies for triple-A ratings (when rating agencies
knew that they aren't worth triple-A, from Oct2008 congressional
testimony). Triple-A rating trumps supporting documentation and they
can start doing no-documentation liar loans. It was major factor in
being able to do over $27T 2001-2008 (especially selling to
institutions restricted to dealing only in "safe" investments, like
large pension funds). From the law of unintended consequences, the
largest TBTF economic mess fines so far are for the robo-signing mills
fabricating the missing documents. past posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
There was also facade that $700B TARP funds were appropriated to buy
the TBTF offbook toxic assets, but just the four largest TBTF were
still carrying $5.2T ye2008. Jan2009 there was news about it was too
hard to evaluate these offbook toxic assets for purchase (with TARP
funds) ... but is was "too hard" because they were no-documentation,
liar loans (also several tens of billions in offbook toxic assets had
gone for 22cents on the dollar late summer 2008; if the offbook toxic
assets had been brought back on the books at that price, the TBTF
would had been declared insolvent and forced to be liquidated, just 4
largest TBTF @22cents/dollar would have booked $4T in losses). In any
case, TARP was used for other purposes and the FED bought trillions in
offbook toxic assets at 98cents on the dollar and provided tens of
trillions in ZIRP funds. FED fought long hard legal battle to prevent
disclosure of what they were doing. When they lost, the FED Chairman
held press conference to say that he thought the TBTF would use the
ZIRP funds to help mainstreet, when they didn't, he had no way to
force them (but that didn't stop the ZIRP fund and claims that TBTF
have since been clearing $300B/annum from ZIRP funds).
https://en.wikipedia.org/wiki/Zero_interest-rate_policy
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
past posts
https://www.garlic.com/~lynn/submisc.html#zirp
Paying for triple-A (and immediately selling everything off), allowed lenders no longer to care about borrower's qualification and/or loan quality. Then they found they could design securitized mortgages to fail, pay for triple-A, sell to their victims and take-out CDS gambling debts that they would fail (now they cared about loan quality, but not exactly as you would expect). The largest holder of CDS gambling bets was AIG. AIG was negotiating to payoff at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the gambling bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the largest recipient of face value payoffs was firm formerly headed by SECTREAS.
Also from Jan2009 (decade after being asked to help try to prevent the
coming economic mess), I was asked to HTML'ize the Pecora Hearings
(30s congressional hearings into '29crash, resulted
in Glass-Steagall Act and criminal convictions) with lots of
internal HREFs and URLs between what happened this time and what
happened then (comments that the new congress might have appetite to
do something). I work on it for awhile and then get a call that it
won't be needed after all (comments about enormous mountains of
wallstreet cash totally burying capital hill). past posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Also from the law of unintended consequences, the original rheteric on the floor of congress was that the purpose of GLBA (before repeal of Glass-Steagall and other additions) was if you already had banking charter, you got to keep it, if you didn't, you couldn't get one (blocking competition with new more efficient and cost-effective technologies, folklore is that wallstreet paid $250M for GLBA, evenly divided between the two parties). Then when FED was handing out ZIRP funds, they had to give out banking charters to some of their friends that didn't already have them (theoretically in violation of GLBA).
The Death Of Expertise (and the Dunning-Kruger effect)
http://thefederalist.com/2014/01/17/the-death-of-expertise/
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Star Trek (was Re: TV show Mannix observations) Newsgroups: alt.folklore.computers Date: Sat, 14 Jan 2017 19:57:41 -0800Michael Black <et472@ncf.ca> writes:
after jamestown (1607) trying to emulate spain in the new world and
starved trying to enslave natives ... moved on to sending over "slaves"
from "great britain":
https://www.garlic.com/~lynn/2017.html#4 Separation church and state
https://www.garlic.com/~lynn/2017.html#10 Separation church and state
https://www.garlic.com/~lynn/2017.html#12 Separation church and state
https://www.garlic.com/~lynn/2017.html#15 Separation church and state
and
https://en.wikipedia.org/wiki/Fundamental_Constitutions_of_Carolina
The Constitutions introduced also a hereditary serfdom system, the
members of which called leetmen, in addition to slavery.
... snip ...
the account of irish slave trade (mid-1600s) predates irish famine (mid
1800s) by 200 years
https://en.wikipedia.org/wiki/Great_Famine_(Ireland)
The Irish Slave Trade - The Forgotten "White" Slaves
http://www.globalresearch.ca/the-irish-slave-trade-the-forgotten-white-slaves/31076
From 1641 to 1652, over 500,000 Irish were killed by the English and
another 300,000 were sold as slaves. Ireland's population fell
from about 1,500,000 to 600,000 in one single decade. Families were
ripped apart as the British did not allow Irish dads to take their
wives and children with them across the Atlantic. This led to a
helpless population of homeless women and children. Britain's
solution was to auction them off as well.
... snip ...
Irish Slavery
https://mediachecker.wordpress.com/2014/04/01/irish-slavery/
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
from old afc post
https://www.garlic.com/~lynn/2011l.html#13 Scotland, was Re: Solving the Floating-Point Goldilocks Problem!
Had watched DVD of BBC "great britain" history program that included English invading Scotland, confiscating much of the property, men that weren't killed were kicked off their land. Other than immigrating, about the only thing left for them was to enlist in the military ... later saw black adder rerun that had the line about when english see a man in a skirt, they run him through and nik his land.
... my wife's scottish "clan" had been "broken" in 1600s, then moved to ireland before moving on to the new world.
other past "leet-men" posts
https://www.garlic.com/~lynn/2012e.html#31 PC industry is heading for more change
https://www.garlic.com/~lynn/2012h.html#15 Imbecilic Constitution
https://www.garlic.com/~lynn/2012k.html#7 Is there a connection between your strategic and tactical assertions?
https://www.garlic.com/~lynn/2012l.html#17 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2012o.html#71 Is orientation always because what has been observed? What are your 'direct' experiences?
https://www.garlic.com/~lynn/2014e.html#61 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014m.html#84 LEO
https://www.garlic.com/~lynn/2015.html#29 the previous century, was channel islands, definitely not the location of LEO
https://www.garlic.com/~lynn/2015b.html#62 Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2016c.html#38 Qbasic
https://www.garlic.com/~lynn/2016e.html#123 E.R. Burroughs
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Moody's Agrees to Settle Financial Crisis-Era Claims for $864 Million Date: 14 Jan 2017 Blog: FacebookMoody's Agrees to Settle Financial Crisis-Era Claims for $864 Million
seems small compared to the effect.
disclaimer: 1999 I was asked to try and help prevent the coming
economic mess by improving the integrity of securitized mortgages
supporting documents. Securitized mortgages had been used during the
S&L crisis to obfuscate fraudulent mortgages (posterchild was
office bldgs in Dallus/FtWorth that turn out to be empty lots). Then
last decade, they find that they can pay rating agencies for triple-A
ratings (when rating agencies knew that they aren't worth triple-A,
from Oct2008 congressional testimony). Triple-A rating trumps
supporting documentation and they can start doing no-documentation
liar loans. It was major factor in being able to do over $27T
2001-2008 (especially selling to institutions restricted to dealing
only in "safe" investments, like large pension funds). From the law of
unintended consequences, the largest TBTF economic mess fines
so far are for the robo-signing mills fabricating the missing
documents. some posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
and
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
There was also facade that $700B TARP funds were appropriated to buy
the TBTF offbook toxic assets, but just the four largest TBTF were
still carrying $5.2T ye2008. Jan2009 there was news about it was too
hard to evaluate these offbook toxic assets for purchase (with TARP
funds) ... but it was "too hard" because they were no-documentation,
liar loans (also several tens of billions in offbook toxic assets had
gone for 22cents on the dollar late summer 2008; if the offbook toxic
assets had been brought back on the books at that price, the TBTF
would had been declared insolvent and forced to be liquidated, just 4
largest TBTF @22cents/dollar would have booked $4T in losses). In any
case, TARP was used for other purposes and the FED bought trillions in
offbook toxic assets at 98cents on the dollar and provided tens of
trillions in ZIRP funds. FED fought long hard legal battle to prevent
disclosure of what they were doing. When they lost, the FED Chairman
held press conference to say that he thought the TBTF would use the
ZIRP funds to help mainstreet, when they didn't, he had no way
to force them (but that didn't stop the ZIRP fund and claims
that TBTF have since been clearing $300B/annum from ZIRP
funds).
https://en.wikipedia.org/wiki/Zero_interest-rate_policy
http://www.csmonitor.com/USA/2010/1201/Federal-Reserve-s-astounding-report-We-loaned-banks-trillions
some posts
https://www.garlic.com/~lynn/submisc.html#zirp
and
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
Paying for triple-A (and immediately selling everything off), allowed lenders no longer to care about borrower's qualification and/or loan quality. Then they found they could design securitized mortgages to fail, pay for triple-A, sell to their victims and take-out CDS gambling debts that they would fail (now they cared about loan quality, but not exactly as you would expect). The largest holder of CDS gambling bets was AIG. AIG was negotiating to payoff at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the gambling bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the largest recipient of face value payoffs was firm formerly headed by SECTREAS.
Also from Jan2009 (decade after being asked to help try to prevent the
coming economic mess), I was asked to HTML'ize the Pecora Hearings
(30s congressional hearings into '29crash, resulted
in Glass-Steagall Act and criminal convictions) with lots of
internal HREFs and URLs between what happened this time and what
happened then (comments that the new congress might have appetite to
do something). I work on it for awhile and then get a call that it
won't be needed after all (comments about enormous mountains of
wallstreet cash totally burying capital hill). some posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Also from the law of unintended consequences, the original rheteric on the floor of congress was that the purpose of GLBA (before repeal of Glass-Steagall and other additions) was if you already had banking charter, you got to keep it, if you didn't, you couldn't get one (blocking competition with new more efficient and cost-effective technologies, folklore is that wallstreet paid $250M for GLBA, evenly divided between the two parties). Then when FED was handing out ZIRP funds, they had to give out banking charters to some of their friends that didn't already have them (theoretically in violation of GLBA).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: If economists want to be trusted again, they should learn to tell jokes Date: 15 Jan 2017 Blog: Facebookre:
If economists want to be trusted again, they should learn to tell jokes
http://www.spectator.co.uk/2017/01/if-economists-want-to-be-trusted-again-they-should-learn-to-tell-jokes/
Economists and the Powerful: Convenient Theories, Distorted Facts,
Ample Rewards
https://www.amazon.com/Economists-Powerful-Convenient-Distorted-Economics-ebook/dp/B01B4X4KOS/
loc72-74:
Only through having been caught so blatantly with their noses in the
troughs (e.g. the 2011 Academy Award–winning documentary Inside Job)
has the American Economic Association finally been forced to adopt an
ethical code, and that code is weak and incomplete compared with other
disciplines.
loc1193-95:
According to economists' estimates, such collusion between asset
management firms and companies is robbing a large proportion of the
retirees of the company of a noticeable share of their retirement
benefits. Losses for investors in small fund families with large
401(k) plans can reach more than 13 percent (Cohen and Schmidt 2009).
loc1200-1206:
There are plenty of examples from other countries to copy: the US
individual retirement account system is based on the Chilean pension
reform of 1980/81 that in turn was based heavily on proposals made in
the book Capitalism and Freedom by Milton Friedman. In response to the
Chilean system facing a likely collapse in a few decades time, it was
substantially overhauled in 2008 to require mandatory participation of
all citizens in exchange for universal pension coverage.
... snip ...
Note the book starts out with cases of major universities firing and blackballing economists over the years, that happen to write papers that the rich&powerful found objectionable
"Inside Job" wiki page:
https://en.wikipedia.org/wiki/Inside_Job_(2010_film)
Roger Ebert described the film as "an angry, well-argued documentary about how the American financial industry set out deliberately to defraud the ordinary American investor."
Inside Job. The documentary. Online. For free.
http://www.theotherschoolofeconomics.org/?p=2499
"Who Stole The American Dream"
https://www.amazon.com/Stole-American-Dream-Hedrick-Smith-ebook/dp/B007MEWAX2/
from the review on Amazon:
This is a book full of surprises and revelations -- the accidental
beginnings of the 401(k) plan, with disastrous economic consequences
for many; the major policy changes that began under Jimmy Carter; how
the New Economy disrupted America's engine of shared prosperity, the
"virtuous circle" of growth, and how America lost the title of "Land
of Opportunity." Smith documents the transfer of $6 trillion in
middle-class wealth from homeowners to banks even before the housing
boom went bust, and how the U.S. policy tilt favoring the rich is
stunting America's economic growth.
... snip ...
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
some specific economist posts
https://www.garlic.com/~lynn/2011j.html#51 Advice from Richard P. Feynman
https://www.garlic.com/~lynn/2012m.html#23 How do you feel about the fact that today India has more IBM employees than any of the other countries in the world including the USA.?
https://www.garlic.com/~lynn/2012m.html#29 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2012m.html#32 General Mills computer
https://www.garlic.com/~lynn/2012m.html#34 General Mills computer
https://www.garlic.com/~lynn/2012m.html#39 General Mills computer
https://www.garlic.com/~lynn/2012n.html#4 Another Light goes out
https://www.garlic.com/~lynn/2012p.html#11 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2012p.html#62 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2012p.html#64 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
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/2013h.html#77 IBM going ahead with more U.S. job cuts today
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
https://www.garlic.com/~lynn/2014c.html#68 Economists and our responsibilities to society
https://www.garlic.com/~lynn/2014f.html#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
https://www.garlic.com/~lynn/2015.html#24 Forget the McDonnells. We're ignoring bigger, more pernicious corruption right under our noses
https://www.garlic.com/~lynn/2015g.html#67 Economics Has a Math Problem
https://www.garlic.com/~lynn/2015g.html#73 Economists' Tribal Thinking
https://www.garlic.com/~lynn/2015h.html#28 rationality
https://www.garlic.com/~lynn/2016b.html#38 Ransomware
https://www.garlic.com/~lynn/2016b.html#102 Qbasic
https://www.garlic.com/~lynn/2016c.html#84 Wells Fargo "Admits Deceiving" U.S. Government, Pays Record $1.2 Billion Settlement
https://www.garlic.com/~lynn/2016d.html#26 How the computer transformed economics. And didn't
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Hammond threatens EU with aggressive tax changes after Brexit Date: 15 Jan 2017 Blog: FacebookHammond threatens EU with aggressive tax changes after Brexit
Britain is a corporate tax haven - that's why US firms are keen to
uproot
https://www.theguardian.com/business/2014/jul/02/britain-corporate-tax-haven-mothercare
UK 'a tax haven for multinationals'
http://www.bbc.com/news/business-27187398
The tax haven in the heart of Britain
http://www.newstatesman.com/economy/2011/02/london-corporation-city
Amazon.com: Treasure Islands: Uncovering the Damage of Offshore
Banking and Tax Havens
https://www.amazon.com/Treasure-Islands-Uncovering-Offshore-Banking-ebook/dp/B004OA6420/
corporations are people, "city of london" has some 9k "human" voters
and some 32k "corporate" voters (one of the things they don't bring
up is how hard it is to create corporations, effectively as a form
of voter box stuffing) pg71/loc1477-79:
The City's nine thousand-odd human residents have one vote each in
municipal elections here. But businesses in the City vote too, as if
they were human, with thirty-two thousand corporate votes. 25 In effect,
Goldman Sachs, the Bank of China, Moscow Narodny Bank, and KPMG can vote
in a hugely important British election.
... snip ...
tax evasion, tax avoidance, tax havens
https://www.garlic.com/~lynn/submisc.html#tax.evasion
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Moody's Agrees to Settle Financial Crisis-Era Claims for $864 Million Date: 15 Jan 2017 Blog: Facebookre:
rhetoric on floor of congress was that Sarbanes-Oxley would prevent
future ENRONs and guarantee that executives and auditors did jail
time, but it required SEC to do something.
https://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
some posts
https://www.garlic.com/~lynn/submisc.html#enron
and
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
Possibly because even GAO didn't believe SEC was doing anything, it started doing reports of public company fraudulent financial filings ... even showing uptic after SOX goes into effect (and nobody doing jailtime). Less well known is that SOX also included provision that SEC do something about the rating agencies (but SEC did about as much about rating agencies as they did about the fraudulent financial filings).
some more posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
Spring of 2008, some investors started to realize that it was possible to buy ratings and possibly no ratings could be trusted ... leading to freezing the muni-bond market. Warren Buffett then steps in offering muni-bond insurance to unfreeze the market.
posts mentioning muni-bond insurace
https://www.garlic.com/~lynn/2008p.html#60 Did sub-prime cause the financial mess we are in?
https://www.garlic.com/~lynn/2008q.html#11 Blinkenlights
https://www.garlic.com/~lynn/2009c.html#29 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009d.html#77 Who first mentioned Credit Crunch?
https://www.garlic.com/~lynn/2009e.html#8 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2011b.html#43 Productivity And Bubbles
https://www.garlic.com/~lynn/2011c.html#46 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011e.html#60 In your opinon, what is the highest risk of financial fraud for a corporation ?
https://www.garlic.com/~lynn/2011i.html#2 'Megalomania, Insanity' Fueled Bubble: Munger
https://www.garlic.com/~lynn/2011j.html#44 S&P Downgrades USA; Time to Downgrade S&P?
https://www.garlic.com/~lynn/2011l.html#69 computer bootlaces
https://www.garlic.com/~lynn/2012c.html#54 PC industry is heading for more change
https://www.garlic.com/~lynn/2012l.html#66 Singer Cartons of Punch Cards
https://www.garlic.com/~lynn/2013f.html#63 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013h.html#68 OT: "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2014b.html#1 Royal Pardon For Turing
https://www.garlic.com/~lynn/2015b.html#0 S&L Crisis and Economic Mess
https://www.garlic.com/~lynn/2015b.html#5 Swiss Leaks lifts the veil on a secretive banking system
https://www.garlic.com/~lynn/2015b.html#8 Shoot Bank Of America Now---The Case For Super Glass-Steagall Is Overwhelming
https://www.garlic.com/~lynn/2015b.html#24 What were the complaints of binary code programmers that not accept Assembly?
https://www.garlic.com/~lynn/2015b.html#31 What were the complaints of binary code programmers that not accept Assembly?
https://www.garlic.com/~lynn/2015e.html#82 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015f.html#67 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015h.html#78 The Global Financial Crisis: Analysis and Policy Implications
https://www.garlic.com/~lynn/2016.html#0 Repealing Glass-Steagall
https://www.garlic.com/~lynn/2016c.html#65 A call for revolution
https://www.garlic.com/~lynn/2016d.html#19 Banking; The Book That Will Save Banking From Itself
https://www.garlic.com/~lynn/2016f.html#80 GLBA & Glass-Steagall
https://www.garlic.com/~lynn/2016h.html#27 Are We Nearing a Cyber Sarbanes-Oxley?
https://www.garlic.com/~lynn/2016h.html#81 Economic Mess
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Paper tape (was Re: Hidden Figures) Newsgroups: bit.listserv.ibm-main Date: 16 Jan 2017 19:28:47 -0800edgould1948@COMCAST.NET (Edward Gould) writes:
IBM reference
https://www-03.ibm.com/ibm/history/reference/glossary_1.html
1050 [2] The 1050 system consisted of the 1051 control unit, 1052
printer-keyboard, 1053 printer, 1054 paper tape reader, 1055 paper tape
punch and 1056 card reader. These various components were withdrawn from
marketing between February 1974 and June 1978.
....
360 bibliograpy
http://bitsavers.trailing-edge.com/pdf/ibm/360/bibliography/GA22-6822-20_System_360_and_System_370_Bibliography_Jul73.pdf
GA24-3388 IBM 2671 PAPER TAPE READER. IBM 2822 PAPER TAPE READER
CONTROL COMPONENT DESCRIPTION
GA33-4500 IBM SYSTEM/360 COMPONENT DESCRIPTIONS - IBM 2826 PAPER TAPE
CONTROL UNIT 1017 PAPER TAPE READER 1018 PAPER TAPE PUNCH
...
1401 installation manual, pg22, fig17, ibm 1011 paper tape reader
http://ibm-1401.info/C24-1404-3-1401-Inst-Man.pdf
GC20-0032-3 System/32 bibliography pg2-4, GA21-9240 3741 reader/punch
attachment feature, IBM 1017 paper tape reader
http://bitsavers.informatik.uni-stuttgart.de/pdf/ibm/system32/GC20-0032-3_System32_Bibliography_Apr78.pdf
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Paper tape (was Re: Hidden Figures) Newsgroups: bit.listserv.ibm-main Date: 17 Jan 2017 08:30:40 -0800charlesm@MCN.ORG (Charles Mills) writes:
we eventually put 1443 on 360/65 for keeping up with console output, things got so that 1052-7 couldn't keep up with all the messages ... and so had to be filtered down.
1401 was low/mid-range ... 70xx was high end
https://en.wikipedia.org/wiki/IBM_705
The IBM 700/7000 series has six completely different ways of storing
data and instructions:
First (36/18-bit words): 701 (Defense Calculator)
Scientific (36-bit words): 704, 709, 7090, 7094, 7040, 7044
Commercial (variable length character strings): 702, 705, 7080
1400 series (variable length character strings): 7010
Decimal (10 digit words): 7070, 7072, 7074
Supercomputer (64-bit words): 7030 "Stretch"
...
a 360 was to merge commercial & scientific in single architecture
360s came with various additional microcode features that implemented
earlier architectures
http://ibm-1401.info/1401in360.html#360-1401MicroCode
some of my old posts on 360s with microcode feature that implemented
earlier architectures
https://www.garlic.com/~lynn/2006q.html#55 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2009b.html#71 IBM tried to kill VM?
https://www.garlic.com/~lynn/2009h.html#52 IBM 1401
https://www.garlic.com/~lynn/2009l.html#10 August 7, 1944: today is the 65th Anniversary of the Birth of the Computer
https://www.garlic.com/~lynn/2009p.html#74 The 50th Anniversary of the Legendary IBM 1401
https://www.garlic.com/~lynn/2009r.html#56 You know you've been Lisp hacking to long when
https://www.garlic.com/~lynn/2010p.html#11 Rare Apple I computer sells for $216,000 in London
https://www.garlic.com/~lynn/2011e.html#53 You almost NEVER see these for sale, own a 360 console
https://www.garlic.com/~lynn/2011g.html#70 History of byte addressing
https://www.garlic.com/~lynn/2011n.html#84 Scanning JES3 JCL
https://www.garlic.com/~lynn/2013l.html#69 model numbers; was re: World's worst programming environment?
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/2015b.html#15 What were the complaints of binary code programmers that not accept Assembly?
https://www.garlic.com/~lynn/2016d.html#73 Is it a lost cause?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: History of Mainframe Cloud Newsgroups: alt.folklore.computers Date: Tue, 17 Jan 2017 09:06:48 -0800posts from recent thread in mainframe mailing list
and recent article from Google Cloud
Google Infrastructure Security Design Overview
https://cloud.google.com/security/security-design/
Hardware Design and Provenance
A Google data center consists of thousands of server machines connected
to a local network. Both the server boards and the networking equipment
are custom-designed by Google. We vet component vendors we work with and
choose components with care, while working with vendors to audit and
validate the security properties provided by the components. We also
design custom chips, including a hardware security chip that is
currently being deployed on both servers and peripherals. These chips
allow us to securely identify and authenticate legitimate Google devices
at the hardware level.
... snip ...
there is stuff about authentication chip in these patents ... started
out for payments ... but then evolved into generalized use with any kind
of situation/paradigm requiring authentication
https://www.garlic.com/~lynn/aadssummary.htm
trivia, TD to DDI Information Assurance Directorate is doing assurance
panel in the Trusted Computer Track at past IDF and asks me to do a
talk.
https://web.archive.org/web/20011109072807/http://www.intel94.com/idf/spr2001/sessiondescription.asp?id=stp%2bs13
and
https://www.garlic.com/~lynn/submisc.html#trusted.computing
guy heading up TPM is in the front row, so I quip that it is nice to see
that the TPM is starting to look more & more like my chip, he quips back
that I don't have 200 people helping me with the design. other related
posts
https://www.garlic.com/~lynn/x959.html#aadsstraw
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The economics of corporate crime Date: 17 Jan 2017 Blog: FacebookThe economics of corporate crime
rhetoric on floor of congress was that Sarbanes-Oxley would prevent
future ENRONs and guarantee that executives and auditors did jail
time, but it required SEC to do something.
https://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
and
https://www.garlic.com/~lynn/submisc.html#enron
Possibly because even GAO didn't believe SEC was doing anything, it
started doing reports of public company fraudulent financial filings
... even showing uptic after SOX goes into effect (and nobody doing
jailtime). Less well known is that SOX also included provision that
SEC do something about the rating agencies (but SEC did about as much
about rating agencies as they did about the fraudulent financial
filings). posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
#2 on times list of those responsible for the "economic mess",
responsible for GLBA & repeal of glass-stegall, but on the list more
for preventing derivaties from being regulated (originally billed as
gift for Enron)
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
When chair of CFTC suggested regulating derivatives (heavily used by ENRON), the chair was replaced by the "#2's" wife while the Senator got legislation passed preventing derivative regulation, the wife then resigns and joins ENRON board and audit committee.
1999 I was asked to try and help prevent the coming economic mess by
improving integrity of securitized mortgage supporting documents;
securitized mortgages had been used during S&L crisis to obfuscate
fraudulent mortgages (posterchild were office bldgs in Dallas/Ft.Worth
that turn out to be empty lots). S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Later sellers find they can buy triple-A rating for securitized
mortgages (even when rating agencies knew they weren't worth triple-A,
from Oct2008 congressional testimony, largely enabling over $27T done
2001-2008, triple-A rating trumps supporting documents and they can
start doing no-documentation, liar loans), goes from not caring about
loan quality and borrower's qualifications to doing triple-A rated
CDOs designed to fail, pay for triple-A, sell to their victims, and
then take out CDS/derivative gambling bets that they would fail
(creating enormous demand for bad loans). (triple-A rated) toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The largest holder of the CDS/derivative gambling bets was AIG and negotiating to pay off at 50cents on the dollar when the secretary of treasury steps in and says that they have to sign a document that they can't sue those making the gambling bets and forced to take TARP funds to pay off the CDS gambling bets at face value. The largest recipient of TARP funds is AIG and the largest recipient of face value payoffs is the firm formally headed by the secretary of treasury.
Jan2009 I'm asked to HTML'ize the Pecora Hearings (senate hearings
from the 30s into '29 crash that resulted in criminal convictions and
Glass-Steagall, had been scanned fall of 2008) with lots of internal
xrefs and URLs between what happened this time and what happened then
(comments that the new congress might have appetite to do
something). I work on it for awhile and then get a call that it won't
be needed after all (comments about enormous mountains of wallstreet
cash burying capital hill). some posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
--
virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: History of Mainframe Cloud Newsgroups: bit.listserv.ibm-main Date: 17 Jan 2017 10:32:44 -0800posts
and recent article from Google Cloud
Google Infrastructure Security Design Overview
https://cloud.google.com/security/security-design/
Hardware Design and Provenance
A Google data center consists of thousands of server machines connected
to a local network. Both the server boards and the networking equipment
are custom-designed by Google. We vet component vendors we work with and
choose components with care, while working with vendors to audit and
validate the security properties provided by the components. We also
design custom chips, including a hardware security chip that is
currently being deployed on both servers and peripherals. These chips
allow us to securely identify and authenticate legitimate Google devices
at the hardware level.
... snip ...
there is stuff about authentication chip in these patents ... started
out for payments ... but then evolved into generalized use with any kind
of situation/paradigm requiring authentication
https://www.garlic.com/~lynn/aadssummary.htm
trivia, TD to DDI Information Assurance Directorate is doing assurance
panel in the Trusted Computer Track at past IDF and asks me to do a
talk.
https://web.archive.org/web/20011109072807/http://www.intel94.com/idf/spr2001/sessiondescription.asp?id=stp%2bs13
and
https://www.garlic.com/~lynn/submisc.html#trusted.computing
guy heading up TPM is in the front row, so I quip that it is nice to see
that the TPM is starting to look more & more like my chip, he quips back
that I don't have 200 people helping me with the design. other related
posts
https://www.garlic.com/~lynn/x959.html#aadsstraw
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Peak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2 Date: 17 Jan 2017 Blog: FacebookPeak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2
to return to the fiscal responsibility act ... there would require
restoring the $1T cut from 2002, .... then adding 1/2 trillion for the
interest on the $20T debt that was created by letting the act expire,
than adding another 1/2 trillion to begin paying down that debt
created (@.5T/yr will take 40yrs). Thats brings it to $2T/year
increase in tax revenue.
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
2002, republican congress lets the fiscal responsibility act (spending can't exceed tax revenue, on its way to eliminating all federal debt, from earlier republican congress) lapse. 2010 CBO report that 2003-2009, tax revenue cut by $6T and spending increased by $6T or $12T gab compared to fiscal responsible budget (nearly $2T/year). since then taxes haven't been restored and only modest reductions in spending so debt continues to increase.
Baby Boomers (birth boom) is characterized as being four times as large as the previous generation and twice as large as the following generation. During peak working years, baby boomers were contributing more to SS Trust Fund (building up principal for their retirement) than benefits were being paid out to the previous generations. Past administrations have been using that principal to pay for other things. With baby boomers retirement the situation will flip and baby boomer benefits will exceed contributions by the following generations. So there is big upfront requirement to pay down the debt, restoring the baby boomer principal in the SS Trust Fund.
However, last decade there was also other major diversion of infrastructure funds for other purposes. There is another $1T/yr increase in tax revenue required (or $3T/year increase in tax revenue) just to restore status quo to fiscal responsibility act.
Visualizing Donald Trump's $20 Trillion Problem
http://www.zerohedge.com/news/2017-01-12/visualizing-donald-trumps-20-trillion-problem
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How To Fix Executive Compensation And CEO Pay In Corporate America Date: 18 Jan 2017 Blog: Facebookmore on IBM stock-buyback marathon
How To Fix Executive Compensation And CEO Pay In Corporate America
http://seekingalpha.com/article/4037791-fix-executive-compensation-ceo-pay-corporate-america
Multi-million Dollar Carrots
At IBM, net operating earnings account for 70% percent of the senior
executives' performance-based incentives, with the remaining 30% based
on free cash flow, according to the company's proxy statement. This is
a juicy, multimillion dollar carrot dangling in front of the top brass
at IBM, galvanizing them to focus on boosting earnings per share - for
which there is a shortcut: buying back company stock. When a company
repurchases its own stock, it is reducing the number of outstanding
shares in the market, artificially boosting earnings per share and, in
turn, padding executives' pockets.
... snip ...
stock-buyback posts
https://www.garlic.com/~lynn/submisc.html#stock.buyback
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: New Rule Cracks Down on Corporate Muzzling of Whistleblowers Date: 19 Jan 2017 Blog: FacebookNew Rule Cracks Down on Corporate Muzzling of Whistleblowers
The congressional Madoff hearings had testimony from the person that had tried unsuccessfully for a decade to get SEC to do something about Madoff. He was asked if new regulations were needed, he replied that while new regulations might be needed, much more important would be transparency (since SEC was doing little about regulations any way, note: SEC hands were forced when Madoff turned himself in).
With respect to Sarbanes-Oxley, he pointed out that whistleblowers/tips turn up 13 times more fraud than audits and while SEC had a 1-800 number for corporations to complain about audits, but didn't have a whistleblower/tip line.
posts mentioning Madoff
https://www.garlic.com/~lynn/submisc.html#madoff
and
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
and
https://www.garlic.com/~lynn/submisc.html#whistleblower
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission Date: 20 Jan 2017 Blog: FacebookWestern Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission
In the 90s, WU wasn't doing so well and was acquired by First Financial. It the late 90s, WU become part of FDC with the merger of First Financial and FDC. However with the enormous increase in illegal workers after 2000, WU business exploded and by 2005 it was half of FDC's bottom line. Possibly in part because the President of Mexico invited FDC executives to visit Mexico to be thrown in jail, WU was spun off in 2005.
In theory, "deferred prosecution" with just fines ... is suppose to throw the book at them if repeated ... however there have been a significant number of repeated "deferred prosecution" cases across the financial industry (especially TBTF) effectively ignoring previous offenses. It isn't just money laundering for drug cartels and terrorists, but also economic mess, manipulating LIBOR, FOREX, commodity markets, tax evasion, robo-signing mills fabricating mortgage document, selling securitized mortgages created to fail and other criminal activities. The joke has become that it is just part of the cost of running criminal enterprise.
money laundering
https://www.garlic.com/~lynn/submisc.html#money.laundering
too big to fail (too big to prosecute, too big to jail)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
LIBOR
https://www.garlic.com/~lynn/submisc.html#libor
tax evasion (tax avoidance, tax havens)
https://www.garlic.com/~lynn/submisc.html#libor
(triple-A rated) toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Hidden Figures and the IBM 7090 computer Date: 20 Jan 2017 Blog: FacebookHidden Figures and the IBM 7090 computer
I was computer geek as undergraduate and the univ. hires me fulltime to be responsible for their systems (started with 709+1401 and transitioned to 360/67 ... although most of the time ran as 360/65 with os/360). Then while still undergraduate, Boeing hires me fulltime for small corporate hdqtrs group to help with the formation of Boeing Computer Services (consolidate Boeing dataprocessing into independent business unit to better monetize the investment, including offering services to non-Boeing entities, sort of early cloud operation ... just Renton datacenter had something like $300M in 360s ... 60s dollars, for a time, 360/65s were arriving faster than they could be installed, 747#3 was flying the skies of seattle getting FAA certification).
Boeing told story at 360 announce Boeing ordered a whole boatload of 360s from a salesman that didn't know what 360 was. IBM sales was on straight commission and the salesman earned more than the executives ... prompting IBM to eventually change to quota system. After change to quota, Boeing ordered a whole bunch more 360s and salesman made quota by the end of January and they adjust his quota ... and he leaves.
I thot Renton was possibly largest IBM datacenter in the world ... however calculation was that being w/o Renton for a week would cost the company more than the Renton datacenter ... there was disaster scenario where Mt. Rainier heats up and the mud slide takes out the Renton datacenter ... so they were preparing to replicate it at the new 747 plant up at Paine field.
Later I would sponsor John Boyd's briefings at IBM. Boyd had been very vocal about sensors across trail in Vietnam wouldn't work ... possibly as punishment he was put in command of spook base (about the time I was at Boeing). His biography describes spook base as $2.5B windfall for IBM (compared to $300M for Renton, which possibly helped offset the enormous amounts dumped down the hole with Future System project).
spook base ... gone 404 but still lives at wayback
https://web.archive.org/web/20030212092342/http://home.att.net/~c.jeppeson/igloo_white.html
Future System
https://www.garlic.com/~lynn/submain.html#futuresys
Boyd
https://www.garlic.com/~lynn/subboyd.html
Univ. had gotten a 360/30 to replace 1401 as part of transition to 360/67. 1401 ran MPIO which did card->tape and tape->printer/punch front end to 709 (that ran tape->tape). The 360/30 had 1401 hardware emaulation and coule run MPIO directly. My 1st job was to rewrite MPIO for 360/30 from scratch. Got to design & implement my own monitor, device drivers, interrupt handling, storage management, process scheduling, etc.
lists that 7094 CTSS had 2741 & 1052 terminals ... using golfball
mechanism from ibm selectric typewriters
https://www.multicians.org/thvv/7094.html
selectric typewriters launched in 1961
http://www-03.ibm.com/ibm/history/ibm100/us/en/icons/selectric/
note some of the CTSS people went to the 5th flr to do Multics. Others
went to the ibm science center on the 4th flr and did virtual
machines, internal network, lots of online stuff, lots of performance
stuff. virtual machines, cp40/cms was originally done on 360/40 with
virtual memory hardware modifications. cp40/cms morphs into cp67/cms
when 360/67 with virtual memory standard becomes available.
https://www.garlic.com/~lynn/subtopic.html#54tech
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virtualization experience starting Jan1968, online asubtopic.html
t home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Putting The Times's First Email Address to Bed Date: 20 Jan 2017 Blog: FacebookPutting The Times's First Email Address to Bed
Ed had been responsible for internal network at IBM Cambridge Science
center (technology also used for the corporate sponsored university
BITNET) ... then in 77 we both moved to San Jose Research
https://web.archive.org/web/20000124004147/http://www1.sjmercury.com/svtech/columns/gillmor/docs/dg092499.htm
in early 80s, we were working with director of NSF and suppose to get
$20M to interconnect the NSF supercomputer centers. Then congress cuts
the budget, some other things happens and finally NSF releases RFP (in
part based on what we already had running). Internal politics prevent
us from bidding. The director of NSF 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)
with support from other agencies, but that just
makes the internal politics worse (as does comments that what we
already had running was at least 5yrs ahead of all RFP responses).
https://www.technologyreview.com/s/401444/grid-computing/
triva: in the early 80s we had T1 & faster speed links when we were working on connecting the NSF supercomputer centers. Finally in the late 80s the NSF RFP called for T1 links, the winning bid actually put in 440kbit/sec links and then presumably to make it look like they were meeting the RFP ... they put in T1 trunks with telco multiplexors running multiple 440kbit links.
more trivia: GML was invented at the (same) IBM cambridge science
center in 1969, a decade later it morphs into ISO SGML, and after
another decade it morphs into HTML at CERN. The first webserver in the
US is at the CERN sister lab SLAC, on their virtual machine system
(also invented at the IBM cambridge science center in the mid-60s)
https://ahro.slac.stanford.edu/wwwslac-exhibit
past science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
past nsfnet posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: 4361 at livingcomputers.org Newsgroups: bit.listserv.ibm-main Date: 20 Jan 2017 14:02:06 -0800
is looking for help/assistance
forwarded:
We have a 4361 we recently purchased in running condition from the
original owner in Sacramento. Our plan is to put VM/370 (or possibly
VM/SP, we have an in within IBM who is working on that) on the system
and run it as one of our publicly available online systems. It's
currently configured for DOS/VS.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Finance Behaves like a Parasite Toward the Economy Date: 20 Jan 2017 Blog: FacebookHow Finance Behaves like a Parasite Toward the Economy
Killing the Host
https://www.amazon.com/Killing-Host-Financial-Parasites-Bondage-ebook/dp/B014IAV9MK/
income inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
(railroad) robber baron posts
https://www.garlic.com/~lynn/2012.html#57 The Myth of Work-Life Balance
https://www.garlic.com/~lynn/2012.html#62 Railroaded
https://www.garlic.com/~lynn/2012g.html#76 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012i.html#1 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2014b.html#73 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014m.html#37 Income Inequality
https://www.garlic.com/~lynn/2014m.html#39 LEO
https://www.garlic.com/~lynn/2015b.html#42 Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015f.html#45 1973--TI 8 digit electric calculator--$99.95
some rent-seeking posts
https://www.garlic.com/~lynn/2013f.html#13 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2016c.html#16 There Is Regulatory Capture, But It Is By No Means Complete
https://www.garlic.com/~lynn/2016c.html#18 Qbasic
https://www.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions
https://www.garlic.com/~lynn/2016c.html#53 Qbasic
https://www.garlic.com/~lynn/2016c.html#65 A call for revolution
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Finance Is Not the Economy Date: 20 Jan 2017 Blog: FacebookFinance Is Not the Economy
1999 I was asked to try and help prevent the coming economic mess by
improving integrity of securitized mortgage supporting documents;
securitized mortgages had been used during S&L crisis to obfuscate
fraudulent mortgages (posterchild were office bldgs in Dallas/Ft.Worth
that turn out to be empty lots).
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Later sellers find they can buy triple-A rating from rating agencies
for securitized mortgages (even when rating agencies knew they weren't
worth triple-A, from Oct2008 congressional testimony) largely enabling
over $27T done 2001-2008, triple-A rating" trumps supporting
documents and they can start doing no-documentation, liar loans, no
longer needing to care about borrowers' qualifications or loan
quality. Then they find they can do toxic CDOs designed to fail, pay
for triple-A, sell to their victims, and then take out CDS/derivative
gambling bets that they would fail (creating enormous demand for bad
loans, now they cared about borrowers' qualification but not in the
traditional way).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The largest holder of the CDS/derivative gambling bets was AIG and negotiating to pay off at 50cents on the dollar when the secretary of treasury steps in and says that they have to sign a document that they can't sue those making the gambling bets and forced to take TARP funds to pay off the CDS gambling bets at face value. The largest recipient of TARP funds is AIG and the largest recipient of face value payoffs is the firm formally headed by the secretary of treasury.
Claim is that during the period (2001-2008) "finance" tripled in size (as percent of GDP, huge skimming off the $27+T). NY state comptroller also released statistics that wallstreet bonuses spiked over 400% during the period.
past posts mentioning increase in finance industry (as percent of GDP)
and/or wallstreet bonuses
https://www.garlic.com/~lynn/2008s.html#70 Garbage in, garbage out trampled by Moore's law
https://www.garlic.com/~lynn/2009c.html#6 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#8 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#16 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#28 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2010f.html#33 The 2010 Census
https://www.garlic.com/~lynn/2010h.html#15 The Revolving Door and S.E.C. Enforcement
https://www.garlic.com/~lynn/2010i.html#47 "Fraud & Stupidity Look a Lot Alike"
https://www.garlic.com/~lynn/2010k.html#24 Snow White and the Seven Dwarfs
https://www.garlic.com/~lynn/2010o.html#22 60 Minutes News Report:Unemployed for over 99 weeks!
https://www.garlic.com/~lynn/2010o.html#24 What Is MERS and What Role Does It Have in the Foreclosure Mess?
https://www.garlic.com/~lynn/2010o.html#59 They always think we don't understand
https://www.garlic.com/~lynn/2010p.html#6 What banking is. (Essential for predicting the end of finance as we know it.)
https://www.garlic.com/~lynn/2011.html#80 Chinese and Indian Entrepreneurs Are Eating America's Lunch
https://www.garlic.com/~lynn/2011b.html#42 Productivity And Bubbles
https://www.garlic.com/~lynn/2011b.html#59 Productivity And Bubbles
https://www.garlic.com/~lynn/2011d.html#34 The first personal computer (PC)
https://www.garlic.com/~lynn/2011e.html#7 I actually miss working at IBM
https://www.garlic.com/~lynn/2011f.html#43 Massive Fraud, Common Crime, No Prosecutions
https://www.garlic.com/~lynn/2011g.html#71 Pressing Obama, House Bars Rise for Debt Ceiling
https://www.garlic.com/~lynn/2011h.html#22 Is BitCoin a triple entry system?
https://www.garlic.com/~lynn/2011h.html#29 Obama: "We don't have enough engineers"
https://www.garlic.com/~lynn/2011i.html#13 'Megalomania, Insanity' Fueled Bubble: Munger
https://www.garlic.com/~lynn/2011j.html#24 rating agencies
https://www.garlic.com/~lynn/2011k.html#56 50th anniversary of BASIC, COBOL?
https://www.garlic.com/~lynn/2011n.html#24 AMERICA IS BROKEN, WHAT NOW?
https://www.garlic.com/~lynn/2011p.html#135 Estimate that WW1 cost $52B
https://www.garlic.com/~lynn/2012.html#32 Wall Street Bonuses May Reach Lowest Level in 3 Years
https://www.garlic.com/~lynn/2012b.html#65 Why Wall Street Should Stop Whining
https://www.garlic.com/~lynn/2012c.html#30 US real-estate has lost $7T in value
https://www.garlic.com/~lynn/2012e.html#42 Who Increased the Debt?
https://www.garlic.com/~lynn/2012g.html#7 Adult Supervision
https://www.garlic.com/~lynn/2012h.html#41 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012o.html#26 Why bankers rule the world
https://www.garlic.com/~lynn/2012o.html#73 These Two Charts Show How The Priorities Of US Companies Have Gotten Screwed Up
https://www.garlic.com/~lynn/2013b.html#4 Libor Lies Revealed in Rigging of $300 Trillion Benchmark
https://www.garlic.com/~lynn/2013b.html#9 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013b.html#41 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013c.html#66 How to Cut Megabanks Down to Size
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#67 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#94 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#45 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#86 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#9 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2014b.html#28 Royal Pardon for credit unions
https://www.garlic.com/~lynn/2014d.html#107 Bank of America to pay $9.3 billion to settle mortgage bond claims
https://www.garlic.com/~lynn/2014j.html#106 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2015b.html#22 Two New Papers Say Big Finance Sectors Hurt Growth and Innovation
https://www.garlic.com/~lynn/2016c.html#18 Qbasic
https://www.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions
https://www.garlic.com/~lynn/2016c.html#65 A call for revolution
https://www.garlic.com/~lynn/2016g.html#88 Finance Is Not the Economy
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Not-So-Secret Way to Kill an F-22 or F-35 Stealth Fighter Date: 20 Jan 2017 Blog: FacebookThe Not-So-Secret Way to Kill an F-22 or F-35 Stealth Fighter
significant increases in "signal processing" improving resolution of
VHF/UHF radar for targeting:
There are also several other techniques that can be used to compress a
radar pulse such as phase shift keying. Indeed, according to
Pietrucha, the technology for pulse compression is decades old and was
taught to Air Force electronic warfare officers during the 1980s. The
computer processing power required for this is negligible by current
standards, Pietrucha said.
... snip ...
some articles that F-35 is compensating for limited offensive by lots more electronics .... however, the last couple weeks there has been some written about China also deploying passive radar that can key off all the transmissions coming from F-35.
2011, there was lots about F35 taking at least 25years from start to deploy ... and about a decade ago, the chinese danced through defense networks acquiring detailed specs for dozen advanced weapons programs .... including F-35. They've had a decade developing their own versions from the details specs ... but also a decade developing countermeasures from the detailed F35 specs.
military industrial complex
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
some past posts on radar signal processing:
https://www.garlic.com/~lynn/2008b.html#53 folklore indeed
https://www.garlic.com/~lynn/2011c.html#40 Other early NSFNET backbone
https://www.garlic.com/~lynn/2012j.html#75 Excellent and recommended
https://www.garlic.com/~lynn/2015f.html#58 No, the F-35 Can't Fight at Long Range, Either
https://www.garlic.com/~lynn/2016.html#75 American Gripen: The Solution To The F-35 Nightmare
https://www.garlic.com/~lynn/2016b.html#55 How to Kill the F-35 Stealth Fighter; It all comes down to radar ... and a big enough missile
https://www.garlic.com/~lynn/2016e.html#22 Iran Can Now Detect U.S. Stealth Jets at Long Range
https://www.garlic.com/~lynn/2016h.html#40 The F-22 Raptor Is the World's Best Fighter (And It Has a Secret Weapon That Is Out in the Open)
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: TV Show "Hill Street Blues" Newsgroups: alt.folklore.computers Date: Fri, 20 Jan 2017 20:45:09 -0800maus <mausg@mail.com> writes:
pg71/loc1477-79:
The City's nine thousand-odd human residents have one vote each in
municipal elections here. But businesses in the City vote too, as if
they were human, with thirty-two thousand corporate votes. 25 In effect,
Goldman Sachs, the Bank of China, Moscow Narodny Bank, and KPMG can vote
in a hugely important British election.
... snip ...
one of the issues is how much does it cost to setup additional corporations ... something like ballot box stuffing (would you have various corporate interests trying to create more corporate voters competing other corporate interest) ... not just that corporations are people and have rights under the constitution ... but they also have the vote.
tax evasion (tax avoidance, tax havens)
https://www.garlic.com/~lynn/submisc.html#libor
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Finance Behaves like a Parasite Toward the Economy Date: 20 Jan 2017 Blog: Facebookre:
parasite may be too benign, possibly something like cross between vampire squid and python ... both sucking & squeezing life out of victims.
trivia: from the law of unintended consequences; the largest fines so far related to the economic mess are for the TBTF robo-signing mills fabricating the documents for the no-document liar loans.
too big to fail (too big to prosecute, too big to jail)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
HOW WALL STREET'S RENT-SEEKING VAMPIRE SQUID SUCKS ALL LIFE OUT OF THE
ECONOMY
http://www.economonitor.com/lrwray/2013/07/22/how-wall-streets-rent-seeking-vampire-squid-sucks-all-life-out-of-the-economy/
The Vampire Squid financialized everything and buried all economic
activity under mountains of debt: Developing nation debt; Junk Bond
King Michael Milken and LBOs; Charles Keating and his Quintet of
Crooked Senators (Hello, John McCain! Read the details of Keating's
attempt to put a contract on my colleague, Bill Black
... snip ...
https://en.wikipedia.org/wiki/William_K._Black
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
the original S&L regulator refused to "go along" and was asked to
resign so the president could appoint somebody that would go along.
https://www.amazon.com/Two-Trillion-Dollar-Meltdown-Rollers-ebook/dp/B0097DE7DM/
including loc655-67:
By the time Pratt had finished, it was possible for a single individual
to take control of an S&L, then organize and lend to multiple
subsidiaries -- for land acquisition, construction, building
management, and the like -- and create his own small real estate
empire entirely with depositors' money.
... snip ...
trivia: I was introduced to both the original S&L regulator and his replacement mentioned above ... apparently as part of being asked to help and try to prevent the coming economic mess.
The S&L crisis corresponds approximately with the start of the
destruction of the middle class
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
inequality
https://www.garlic.com/~lynn/submisc.html#inequality
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Why the Pursuit of Shareholder Value Kills Innovation Date: 21 Jan 2017 Blog: Facebookre:
Why the Pursuit of Shareholder Value Kills Innovation
http://evonomics.com/pursuit-shareholder-value-kills-innovation/
The Dumbest Idea In The World: Maximizing Shareholder Value
http://www.forbes.com/sites/stevedenning/2011/11/28/maximizing-shareholder-value-the-dumbest-idea-in-the-world/
from above:
In the today's paradoxical world of maximizing shareholder value,
which Jack Welch himself has called "the dumbest idea in the world",
the situation is the reverse. CEOs and their top managers have massive
incentives to focus most of their attentions on the expectations
market, rather than the real job of running the company producing real
products and services.
... snip ...
Why the "Maximizing Shareholder Value" Theory of Corporate Governance is Bogus
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 ...
How To Fix Executive Compensation And CEO Pay In Corporate America
http://seekingalpha.com/article/4037791-fix-executive-compensation-ceo-pay-corporate-america
Multi-million Dollar Carrots
At IBM, net operating earnings account for 70% percent of the senior
executives' performance-based incentives, with the remaining 30% based
on free cash flow, according to the company's proxy statement. This is
a juicy, multimillion dollar carrot dangling in front of the top brass
at IBM, galvanizing them to focus on boosting earnings per share - for
which there is a shortcut: buying back company stock. When a company
repurchases its own stock, it is reducing the number of outstanding
shares in the market, artificially boosting earnings per share and, in
turn, padding executives' pockets.
... snip ...
I use to sponsor Boyd's briefings at IBM and in briefings, he would comment about former military officers starting to contaminate US corporate cultures with their rigid, top-down, command&control structure (& only those at the very top knew what they were doing).
Scenario is that at entry to WW2, US has to deploy large numbers with little or no skills and experience ... the rigid, top-down, command&control structure was used to leverage the few skilled resources available. Boyd would compare 11% (growing to nearly 20%) US officers to maintain rigid, top-down command&control structure, compared to 3% (or less) for German army. Note it wasn't just former military officers contaminating US corporate culture ... but about the same time, news articles started to appear that MBAs were starting to destroy US corporate culture with myopic focus on quarterly results (possibly some synergy between MBAs and former military officers with simplistic, single, near-term, quarterly results objective).
trivia: 1990, commandant of Marine Corps leveraged Boyd for make-over of the corp and still sponsors Boyd meetings at marine corp university.
& from Stockman's "The Great Deformation: The Corruption of Capitalism
in America" pg464/loc9995-10000:
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.
pg465/10014-17:
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 ...
stock-buyback
https://www.garlic.com/~lynn/submisc.html#stock.buyback
boyd
https://www.garlic.com/~lynn/subboyd.html
past refs: to shareholder value:
https://www.garlic.com/~lynn/2011p.html#9 The Dumbest Idea In The World: Maximizing Shareholder Value
https://www.garlic.com/~lynn/2013m.html#84 3Q earnings are becoming the norm at IBM. What is IBM management overlooking?
https://www.garlic.com/~lynn/2013n.html#1 IBM board OK repurchase of another $15B of stock
https://www.garlic.com/~lynn/2013o.html#15 IBM Shrinks - Analysts Hate It
https://www.garlic.com/~lynn/2014b.html#93 Maximizing shareholder value: The Goal that changed corporate America
https://www.garlic.com/~lynn/2014c.html#55 Maximizing shareholder value: The goal that changed corporate America
https://www.garlic.com/~lynn/2014m.html#65 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#145 IBM Continues To Crumble
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Comanche Empire Date: 22 Jan 2017 Blog: FacebookComanche Empire
... describes very sophisticated nation that frequently was more capable than the spanish they were dealing with and later played off the spanish, French, and Americans. First they fell victim to diseases killing off large percentage of their population. In the later part of 1800s the US Army decided that they were no match for the warriors ... instead attacking villages, slaughtering non-combatants (women, children, old men)
Generals South, Generals North: The Commanders of the Civil War Reconsidered
https://www.amazon.com/Generals-South-North-Commanders-Reconsidered-ebook/dp/B012A1WML6/
Despite the mixed results of his approach to cavalry and the moral
ambiguity (in the Indian Wars verging on genocide) of his policy of
waging war on civilians, it cannot be denied that Sheridan was a
superb leader of troops, a fine tactician, and an aggressive fighter,
who was especially effective in forcing Lee to surrender his Army of
Northern Virginia in the closing weeks of the Civil War.
... snip ...
... history written by the winners ... aided by disease and genocide
British originally tried to emulate the Spanish for North America
starting with Jamestown (1607), those sent over had no background in
self-sufficient, planning on enslaving local population, however
natives weren't amenable to enslaving and the settlement
starves. British eventually then started sending over select members
from British Isles as slaves, from crown charters for colonies (part
of what Jefferson was trying to change and fighting against):
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."
"As North America developed, English elites tried time and time again
to set up institutions that would heavily restrict the economic and
political rights for all but a privileged few of the inhabitants of
the colony"
something Jefferson thot he had to constantly fight against. Part of
the strategy from Britain ... was that the church had been enlisted to
help maintain rigid social structure. The "Spanish" model they were
trying to emulate:
The full gamut of encomienda, mita, repartimiento, and trajin was
designed to force indigenous people's living standards down to a
subsistence level and thus extract all income in excess of this for
Spaniards. This was achieved by expropriating their land, forcing them
to work, offering low wages for labor services, imposing high taxes,
and charging high prices for goods that were not even voluntarily
bought. Though these institutions generated a lot of wealth for the
Spanish Crown and made the conquistadors and their descendants very
rich, they also turned Latin America into the most unequal continent
in the world and sapped much of its economic potential
... snip ...
inequality
https://www.garlic.com/~lynn/submisc.html#inequality
posts mentioning Comanche Empire
https://www.garlic.com/~lynn/2016.html#14 1970--protesters seize computer center
https://www.garlic.com/~lynn/2016c.html#44 Qbasic
https://www.garlic.com/~lynn/2016c.html#45 Qbasic
https://www.garlic.com/~lynn/2016c.html#48 Qbasic
https://www.garlic.com/~lynn/2016d.html#92 "Computer & Automation" later issues--anti-establishment thrust
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: 25th Anniversary Implementation of Nunn-Lugar Act Date: 22 Jan 2017 Blog: FacebookThis aired on cspan3 yesterday, talks about extraordinary cooperation between US & Russia military in the 90s.
25th Anniversary Implementation of Nunn-Lugar Act
https://www.c-span.org/video/?419918-3/implementation-nunnlugar-act
sharp contrast to .... Fareed Zakaria interview with Kissinger a few weeks ago had running ticker at the bottom somewhat paraphrasing Kissnger (because he was somewhat hard to hear?). Fareed was asking Kissinger about Putin, referring to Kissinger having 30 or so meetings with Putin. At one point Fareed said something about clarifying what Kissinger had said (which was reflected in the ticker at the bottom) and Kissinger said not at all ... and explained what he met (which was not reflected in the ticker).
Kissinger somewhat indirectly referred to this theme about "Harvard
being responsible for the rise of Putin" (i.e. Russia needed strongman
to oppose the westerners that seemed intent on looting the
country). John Helmer: Convicted Fraudster Jonathan Hay, Harvard's Man
Who Wrecked Russia, Resurfaces in Ukraine
http://www.nakedcapitalism.com/2015/02/convicted-fraudster-jonathan-hay-harvards-man-who-wrecked-russia-resurfaces-in-ukraine.html
If you are unfamiliar with this fiasco, which was also the true proximate cause of Larry Summers' ouster from Harvard, you must read an extraordinary expose, How Harvard Lost Russia, from Institutional Investor. I am told copies of this article were stuffed in every Harvard faculty member's inbox the day Summers got a vote of no confidence and resigned shortly thereafter.
How Harvard lost Russia; The best and brightest of America's premier
university came to Moscow in the 1990s to teach Russians how to be
capitalists. This is the inside story of how their efforts led to
scandal and disgrace.
https://web.archive.org/web/20160325154522/http://www.institutionalinvestor.com:80/Article/1020662/How-Harvard-lost-Russia.html
Mostly, they hurt Russia and its hopes of establishing a lasting framework for a stable Western-style capitalism, as Summers himself acknowledged when he testified under oath in the U.S. lawsuit in Cambridge in 2002. "The project was of enormous value," said Summers, who by then had been installed as the president of Harvard. "Its cessation was damaging to Russian economic reform and to the U.S.-Russian relationship."
past posts "Harvard being responsible for the rise of Putin?"
https://www.garlic.com/~lynn/2014j.html#11 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2015.html#98 Convicted Fraudster Jonathan Hay, Harvard's Man Who Wrecked Russia, Resurfaces in Ukraine
https://www.garlic.com/~lynn/2015b.html#1 do you blame Harvard for Puten
https://www.garlic.com/~lynn/2015b.html#5 Swiss Leaks lifts the veil on a secretive banking system
https://www.garlic.com/~lynn/2015b.html#8 Shoot Bank Of America Now---The Case For Super Glass-Steagall Is Overwhelming
https://www.garlic.com/~lynn/2015f.html#30 Analysis: Root of Tattered US-Russia Ties Date Back Decades
https://www.garlic.com/~lynn/2015f.html#44 No, the F-35 Can't Fight at Long Range, Either
https://www.garlic.com/~lynn/2015f.html#45 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015h.html#26 Putin's Great Crime: He Defends His Allies and Attacks His Enemies
https://www.garlic.com/~lynn/2015h.html#70 Department of Defense Head Ashton Carter Enlists Silicon Valley to Transform the Military
https://www.garlic.com/~lynn/2015h.html#91 Happy Dec-10 Day!!!
https://www.garlic.com/~lynn/2015h.html#122 For those who like to regress to their youth? :-)
https://www.garlic.com/~lynn/2016.html#16 1970--protesters seize computer center
https://www.garlic.com/~lynn/2016.html#39 Shout out to Grace Hopper (State of the Union)
https://www.garlic.com/~lynn/2016.html#73 Shout out to Grace Hopper (State of the Union)
https://www.garlic.com/~lynn/2016b.html#31 Putin holds phone call with Obama, urges better defense cooperation in fight against ISIS
https://www.garlic.com/~lynn/2016b.html#39 Failure as a Way of Life; The logic of lost wars and military-industrial boondoggles
https://www.garlic.com/~lynn/2016c.html#7 Why was no one prosecuted for contributing to the financial crisis? New documents reveal why
https://www.garlic.com/~lynn/2016c.html#69 Qbasic
https://www.garlic.com/~lynn/2016e.html#59 How Putin Weaponized Wikileaks to Influence the Election of an American President
https://www.garlic.com/~lynn/2016f.html#22 US and UK have staged coups before
https://www.garlic.com/~lynn/2016f.html#105 How to Win the Cyberwar Against Russia
https://www.garlic.com/~lynn/2016g.html#92 The Lessons of Henry Kissinger
https://www.garlic.com/~lynn/2016h.html#3 Smedley Butler
https://www.garlic.com/~lynn/2016h.html#38 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2017.html#7 Malicious Cyber Activity
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: TV Show "Hill Street Blues" Newsgroups: alt.folklore.computers Date: Mon, 23 Jan 2017 11:41:57 -0800Mark Storkamp <mstorkamp@yahoo.com> writes:
The original purpose was supposedly for computer communication ... but the technology was so dominated by IBM communication group that they couldn't make a profitable business out of it ... so the focus change to telephone communication and for awhile SBS was heavily into consumer satellite telephone business.
Part of the communication group problem was that SNA had fixed, small windowing protocol (small number of outstanding packets) ... which made very inefficient use of satellite bandwidth. It also had fixed time-out ... which barely tolerated single hop ... but double hop (west cost->east coast->europe & back) exceed time-out and wouldn't work at all.
I got sucked into designing/developing communication system for SBS ... had TDMA prototype/pilot with 4.5M dishes in the back of the los gatos lab (on the west coast) and yorktown research (on the east coast) and 7M dish in austin. Ran dynamic rate-based pacing (instead of window) ... so it easily dynamically filled and managed whatever latency happened to be ... at whatever speed/bandwidth.
Standard satellite TDMA schedules would simulate full-duplex, symmetric terrestrial data links with superblock packet/transmission schedules. We were moving to dual-simplex with dynamic asymmetric bandwidth ... adjusting TDMA schedules on superblock boundaries ... independently adjusting bandwidth as requirements required (and not needing to be symmetric).
The next stage was going to be computer interface board directly digitally w/o going thru V.35 or RS422 interface.
part of my HSDT effort ran over this network
https://www.garlic.com/~lynn/subnetwork.html#hsdt
trivia: i was also on the XTP protocol technical advisery board and this
is dynamic rate-based pacing I wrote up for XTP
https://www.garlic.com/~lynn/xtprate.html
past posts mentioning XTP
https://www.garlic.com/~lynn/subnetwork.html#xtphsp
The other problem that the communication group had was that their mainframe controller box only supported up to 56kbits/sec. By the mid-80s, their was increasing pressure for them to do something ... but there was no obvious way to fix the problem. One of their tactics was that they generated report for the corporate executive committee showing that customers didn't really want much more than 56kbits and wouldn't be needing T1/1.5mbits until well into the 90s.
Their controller box support "fat pipes" ... where box could be configured to simulate single link using multiple, parallel 56kbit links. They surveyed customer "fat pipe" use and found no customers with more than five parallel 56kbit "fat pipes". What they didn't bother to explain was at the time, TELCO tarif charged about the same for a T1 as 5 or 6 56kbit links ... aka when customers got to 256kbit/sec or so ... they switched to T1 and used non-IBM box.
They were also spreading mis-information about how IBM mainframe
VTAM could be used for the NSF(NET) RFP ... which called for
T1. Somebody collected much of this mis-information and forwarded
to us ... from long ago and far away, heavily snipped and redacted
to protect the guilty
https://www.garlic.com/~lynn/2006w.html#email870109
Finally, they came out with 3737 controller ... supposedly supporting T1 ... it had a bunch of 68k microprocessors and boatload of memory simulating local CTCA (channel-to-channel) connection ... local 3737 would immediately ACK mainframe packet (as if it had already arrived at the remote mainframe) ... basically it was using the bunch of 68Ks to simulate the remote mainframe VTAM ... and then doing actual transmission in the background (to compensate for all the SNA/VTAM protocol and operational deficiencies)
Even with all the 3737 68Ks, it peaked out at about 2mbit/sec aggregate ... US T1/1.5mbit/sec fullduplex ... is 3mbit/sec aggregate ... and EU T1/2mbit/sec fullduplex is 4mbit/sec aggregate.
some past 3737 refs:
https://www.garlic.com/~lynn/2011g.html#email880130
https://www.garlic.com/~lynn/2011g.html#email880606
https://www.garlic.com/~lynn/2011g.html#email881005
past posts:
https://www.garlic.com/~lynn/2011g.html#75 We list every company in the world that has a mainframe computer
https://www.garlic.com/~lynn/2011g.html#77 Is the magic and romance killed by Windows (and Linux)?
https://www.garlic.com/~lynn/2011h.html#0 We list every company in the world that has a mainframe computer
https://www.garlic.com/~lynn/2011h.html#2 WHAT WAS THE PROJECT YOU WERE INVOLVED/PARTICIPATED AT IBM THAT YOU WILL ALWAYS REMEMBER?
https://www.garlic.com/~lynn/2011h.html#54 Did My Brother Invent E-Mail With Tom Van Vleck? (Part One)
https://www.garlic.com/~lynn/2011p.html#103 Has anyone successfully migrated off mainframes?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Tue, 24 Jan 2017 09:44:07 -0800Bob Eager <news0006@eager.cx> writes:
old reference with decade of vax sales, sliced&diced by year, model, etc
(8800, 30-1986, 170-1987)
https://www.garlic.com/~lynn/2002f.html#0
We had started IBM HA/CMP project with RS/6000
https://www.garlic.com/~lynn/subtopic.html#hacmp
... including working with some of the "open system" RDBMS vendors, old reference to Jan1992 meeting in ellison's conference room on cluster scale-up https://www.garlic.com/~lynn/95.html#13
that had VMS/cluster support in their same source base ... to ease port, I did API for global lock manager that emulated the VMS/cluster semantics. The implementation also benefited from list that the RDBMS vendors had about what VMS/cluster could have done better.
Then at ACM SIGOPS conference, I got in dustup with Jim Gray ... a
decade earlier, I had worked with Jim at San Jose Research on the
original SQL/relational implementation
https://www.garlic.com/~lynn/submain.html#systemr
the dust-up was over whether you could do high-availability with "commodity" systems (at the time he was working for DEC DBMS). Then when DEC DBMS was sold to Oracle, he took a sabbatical ... and then shows up as head of Microsoft San Francisco Research. I got my "revenge" when he shows up on stage with CEO of Microsoft announcing microsoft high-availability on intel platforms.
As I've mentioned before, within a few weeks of the Jan1992 Ellison meeting, cluster scale-up was transferred, announced as IBM supercomputer for technical/scientific *ONLY* (we had also been working with national labs on cluster scale-up uses), and we were told we couldn't work on anything with more than four processors. Contributing was that the mainframe DB2 group were complaining if I was allowed to go ahead, it would be at least 5yrs ahead of what they were doing.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Tue, 24 Jan 2017 10:17:16 -0800scott@slp53.sl.home (Scott Lurndal) writes:
that got a lot more difficult with the OCO-wars (ibm stop providing
source). in the wake of various legal actions, ibm has the 23jun1969
"unbundling" announcement ... starting to charge for software,
maintenance, SE services, etc
https://www.garlic.com/~lynn/submain.html#unbundle
... however, IBM managed to make the case that kernel software should
still be free. during the FS period (was completely different than
360/370 and was completely replace 360/370), 370 efforts were being
shutdown. The lack of 370 offerings during the FS period is credited
with giving clone processor makers market foothold
https://www.garlic.com/~lynn/submain.html#futuresys
when FS imploded, there was a mad rush to get stuff back into the 370 pipelines ... that contributed to decision to release a bunch of 370 stuff I had been doing all during the FS period (I would also periodically ridicule FS activities, which wasn't exactly career enhancing).
In the morph of CP67 to VM370 there was lots of stuff dropped that I had
been doing back to time I was undergraduate. I then migrated a bunch of
the stuff to VM370 and one of my hobbies was providing production
enhanced operating systems for internal data centers ... 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
at the time "csc/vm" was running on couple hundred systems. A lot of my
stuff was picked up for vm370 release 3. However, the rise of clone
processors also motivated the decision to transition to charging for
kernel software ... and bunch of my stuff (kernel reorg for SMP, but not
SMP support itself, redo of paging & virtual memory support, and dynamic
adaptive resource management) was selected as guinea pig
https://www.garlic.com/~lynn/subtopic.html#fairshare
https://www.garlic.com/~lynn/subtopic.html#wsclock
https://www.garlic.com/~lynn/subtopic.html#smp
IBM went thru transition period ... that previous kernel software was still free, but increasingly amounts were charged for ... until switched to all kernel software was priced. Then came the "OCO-wars" where source was no longer shipped. Part of the IBM argument was that customer changes inhibited moving customers to new versions of software and hardware models (possibly even software that was increasingly difficult to run on clone processors).
trivia: TYMSHARE started offering their (vm370) CMS-based online
computer conferencing to (IBM mainframe user group) SHARE for free as
VMSHARE in Aug1976. The VMSHARE archives are here
http://vm.marist.edu/~vmshare/
which includes some amount of customer discussions about the OCO-wars
... some past posts referencing VMSHARE archive OCO-war discussions.
https://www.garlic.com/~lynn/2004p.html#5 History of C
https://www.garlic.com/~lynn/2004p.html#21 need a firewall
https://www.garlic.com/~lynn/2007f.html#67 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007k.html#15 Data Areas Manuals to be dropped
https://www.garlic.com/~lynn/2007u.html#8 Open z/Architecture or Not
https://www.garlic.com/~lynn/2007u.html#9 Open z architecture and Linux questions
https://www.garlic.com/~lynn/2008r.html#66 OCO, documentation, support from IBM-Main, etc
https://www.garlic.com/~lynn/2011g.html#29 Congratulations, where was my invite?
https://www.garlic.com/~lynn/2012j.html#20 Operating System, what is it?
https://www.garlic.com/~lynn/2012j.html#30 Can anybody give me a clear idea about Cloud Computing in MAINFRAME ?
https://www.garlic.com/~lynn/2012j.html#31 How smart do you need to be to be really good with Assembler?
https://www.garlic.com/~lynn/2013m.html#55 'Free Unix!': The world-changing proclamation made 30 years ago today
https://www.garlic.com/~lynn/2013o.html#45 the nonsuckage of source, was MS-DOS, was Re: 'Free Unix!
https://www.garlic.com/~lynn/2014.html#19 the suckage of MS-DOS, was Re: 'Free Unix!
https://www.garlic.com/~lynn/2014m.html#35 BBC News - Microsoft fixes '19-year-old' bug with emergency patch
https://www.garlic.com/~lynn/2015d.html#59 Western Union envisioned internet functionality
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Tue, 24 Jan 2017 10:38:59 -0800hancock4 writes:
I had co-worker at IBM Research that left and was doing a lot of consulting work in silicon valley. For a long time, he had major chip design customer ... working for the Senior VP for Engineering (that had started using cp67/cms as young silicon valley engineer in the 60s). He had done port of AT&T C compiler to vm370/cms with a lot of 370 performance optimizations and ported a lot of UCB chip design tools.
He was then doing ethernet support ... for connecting SGI graphics terminals to backup 370 "server". The IBM salesman came by and asked him what he was doing. The IBM salesman then told him that he should do token-ring support instead ... or he might find that mainframe service wouldn't be as timely as it had been in the past. I then got an hour phone call that involved a lot of four letter words. The next morning the senior VP of Engineering held press conference to announce that they were moving off IBM mainframes to sun servers.
Then there was a lot of internal task-forces looking at technical reasons that chip industry was moving off IBM mainframes ... totally ignoring the salesman issue.
We saw something similar from the communication group with internal
politics (sna, vtam, token-ring, etc) ... recent post mentioning
internal politics preventing us from bidding on NSFNET (precursor to
modern internet).
https://www.garlic.com/~lynn/2017.html#47 Putting The Times's First Email Address to Bed
other past posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
also for various reasons the original mainframe TCP/IP product appeared
to be significantly crippled (possibly to make sure that sna/vtam was
faster). I did the changes to support RFC1044 ... and in some tests
at cray research between 4341 and cray ... demonstrated sustained
channel media throughput using only modest amount of 4341 CPU (possibly
500 times improvement in bytes moved per instruction executed)
https://www.garlic.com/~lynn/subnetwork.html#rfc1044
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Tue, 24 Jan 2017 14:18:54 -0800Rich Alderson <news@alderson.users.panix.com> writes:
I periodically mention that Charlie had invented compare&swap when he
was working on CP67 fine-grain kernel multiprocessing locking at the
science center (came up with compare&swap because CAS are Charlie's
initials)
https://www.garlic.com/~lynn/subtopic.html#545tech
in the initial morph from CP67 to VM370 lots of my stuff was dropped (back to my days as undergraduate) ... but also SMP support.
we had a number of projects to put SMP support into VM370 ... thus my upthread comment about including kernel reorg for SMP ... but not actual SMP support itself.
however the kernel reorg stuff was included as part of my "charged-for"
resource manager (as well as bunch of my other stuff) ... during the
transition period, older kernel code and hardware support would still be
free ... but could charge for new (non-hardware) support kernel
software. The problem with shipping SMP support in VM370 Release 4 (for
free) was that the kernel reorged needed for SMP support was already
part of my charged for kernel add-on. The eventual resolution was to
moved nearly 90% of the code from my charged for kernel add-on into the
free kernel base (w/o changing the price for my kernel add-on).
https://www.garlic.com/~lynn/subtopic.html#fairshare
https://www.garlic.com/~lynn/subtopic.html#wsclock
also, the initial effort to get compare&swap added to 370 architecture
was rebuffed, the POK favorite son operating system people saying that
test&set (from 360) days was more than adequate. The 370 architecture
owners said that to justify compare&swap for 370 ... uses other than
just kernel SMP locking was required ... thus was born the descriptions
(still in appendix of principles of operation) for use by large
multi-thread applications (like large DBMS transaction systems). In the
80s, you start to see other plaforms implementing compare&swap (or
instructions with similar semantics) for large multi-thread commercial
applications.
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: Big Shrink to "Hire" 25,000 in the US, as Layoffs Pile Up Date: 24 Jan 2017 Blog: FacebookBig Shrink to "Hire" 25,000 in the US, as Layoffs Pile Up
a couple years ago, mainframe hardware revenue was something like 4% and dropping, while total mainframe group (including software & services) was 25% of total IBM revenue and 40% of profit ... basically milking the (dying?) cash cow.
mid-80s, top executives were predicting that IBM revenue would double primarily based on mainframes ... and they had massive internal bldg. program to double mainframe gear manufacturing capacity (business was already start to go in the other direction, but it wasn't exactly career enhancing to point it out). They also had massive number of "fast-track" MBAs rotating between executive and middle management positions ... getting ready for the company to double. A few years later the company goes into the red and was being reorganized into the 13 "baby blues" in preparation for breaking up the company.
We had left the company but was called by somebody in the bowels of armonk if we could help with the breakup ... turns out that lots of business units had MOUs to use supplier contracts in other business units ... these all had to be identified/cataloged and turned into contracts of their own, as part of the breakup (new CEO was brought in to resurrect the company and reverse the breakup before we got started).
We had been hearing that top executives weren't paying attention to the business but busily shifting expenses from the following year into the year that company went into the red. We later asked our contact in Armonk about this. He explains that the year company went into the red, executives wouldn't get their bonus ... but if they could shift enough expenses from the following year ... the following year will be moved barely into the black .... and the way the executive bonus plan was written, they would then get a bonus more than twice as large as the largest bonus ever given (effectively getting paid for taking the company into the red).
past posts referencing 40% of profit:
https://www.garlic.com/~lynn/2012g.html#7 Adult Supervision
https://www.garlic.com/~lynn/2012m.html#67 How do you feel about the fact that today India has more IBM employees than any of the other countries in the world including the USA.?
https://www.garlic.com/~lynn/2012n.html#13 System/360--50 years--the future?
https://www.garlic.com/~lynn/2012n.html#25 System/360--50 years--the future?
https://www.garlic.com/~lynn/2013b.html#24 New HD
https://www.garlic.com/~lynn/2013e.html#4 Oracle To IBM: Your 'Customers Are Being Wildly Overcharged'
https://www.garlic.com/~lynn/2013f.html#35 Reports: IBM may sell x86 server business to Lenovo
https://www.garlic.com/~lynn/2013f.html#37 Where Does the Cloud Cover the Mainframe?
https://www.garlic.com/~lynn/2013f.html#64 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013g.html#7 SAS Deserting the MF?
https://www.garlic.com/~lynn/2013n.html#61 Bet Cloud Computing to Win
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/2014j.html#90 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014l.html#95 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#71 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#155 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#170 IBM Continues To Crumble
https://www.garlic.com/~lynn/2015.html#30 Why on Earth Is IBM Still Making Mainframes?
https://www.garlic.com/~lynn/2015.html#85 a bit of hope? What was old is new again
https://www.garlic.com/~lynn/2015g.html#19 Linux Foundation Launches Open Mainframe Project
https://www.garlic.com/~lynn/2015h.html#20 the legacy of Seymour Cray
https://www.garlic.com/~lynn/2016b.html#52 MVS Posix
https://www.garlic.com/~lynn/2016g.html#69 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016h.html#56 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
other past posts referencing reorg into "13 baby blues"
https://www.garlic.com/~lynn/2012p.html#61 What is holding back cloud adoption?
https://www.garlic.com/~lynn/2013e.html#17 The Big, Bad Bit Stuffers of IBM
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/2013h.html#76 DataPower XML Appliance and RACF
https://www.garlic.com/~lynn/2013i.html#2 IBM commitment to academia
https://www.garlic.com/~lynn/2013i.html#7 IBM commitment to academia
https://www.garlic.com/~lynn/2013i.html#17 Should we, as an industry, STOP using the word Mainframe and find (and start using) something more up-to-date
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#49 The Original IBM Basic Beliefs for those that have never seen them
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#35 Why is the mainframe so expensive?
https://www.garlic.com/~lynn/2013m.html#66 NSA Revelations Kill IBM Hardware Sales In China
https://www.garlic.com/~lynn/2013m.html#85 How do you feel about IBM passing off it's retirees to ObamaCare?
https://www.garlic.com/~lynn/2013n.html#17 z/OS is antique WAS: Aging Sysprogs = Aging Farmers
https://www.garlic.com/~lynn/2013n.html#78 wtf ? - was Catalog system for Unix et al
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/2013o.html#65 "Death of the mainframe"
https://www.garlic.com/~lynn/2013o.html#73 "Death of the mainframe"
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#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#54 IBM Sales Fall Again, Pressuring Rometty's Profit Goal
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#41 Could this be the wrongest prediction of all time?
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#90 Is IBM Suddenly Vulnerable To A Takeover?
https://www.garlic.com/~lynn/2014m.html#131 Memo To WSJ: The CRomnibus Abomination Was Not "A Rare Bipartisan Success"
https://www.garlic.com/~lynn/2014m.html#140 IBM Continues To Crumble
https://www.garlic.com/~lynn/2014m.html#143 LEO
https://www.garlic.com/~lynn/2014m.html#162 LEO
https://www.garlic.com/~lynn/2015.html#0 LEO
https://www.garlic.com/~lynn/2015.html#81 Ginni gets bonus, plus raise, and extra incentives
https://www.garlic.com/~lynn/2015b.html#51 bloomberg article on ASG and Chpater 11
https://www.garlic.com/~lynn/2015c.html#15 Retirement Heist
https://www.garlic.com/~lynn/2015c.html#32 PEU Report: Obama's Intelligence Oversight Board a Corporate Lot
https://www.garlic.com/~lynn/2015d.html#40 Remember 3277?
https://www.garlic.com/~lynn/2015d.html#42 Remember 3277?
https://www.garlic.com/~lynn/2015d.html#49 Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2015d.html#63 Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2015d.html#79 Greedy Banks Nailed With $5 BILLION+ Fine For Fraud And Corruption
https://www.garlic.com/~lynn/2015e.html#20 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015e.html#70 Encryption "would not have helped" at OPM, says DHS official
https://www.garlic.com/~lynn/2015e.html#78 Fed agency blames giant hack on 'neglected' security system
https://www.garlic.com/~lynn/2015f.html#25 Gerstner after IBM becomes Carlyle chairman
https://www.garlic.com/~lynn/2015f.html#36 Eric Holder, Wall Street Double Agent, Comes in From the Cold
https://www.garlic.com/~lynn/2015g.html#17 There's No Such Thing as Corporate DNA
https://www.garlic.com/~lynn/2015g.html#71 Ginni Rometty, Chairman, President and CEO, IBM
https://www.garlic.com/~lynn/2015h.html#6 1954 RAMAC Prototype
https://www.garlic.com/~lynn/2015h.html#18 the legacy of Seymour Cray
https://www.garlic.com/~lynn/2015h.html#123 IBM retirement fund
https://www.garlic.com/~lynn/2016.html#2 History question - In what year did IBM first release its DF/DSS backup & restore product?
https://www.garlic.com/~lynn/2016.html#76 Pentagon to take over control of background investigation information
https://www.garlic.com/~lynn/2016.html#94 Thanks Obama
https://www.garlic.com/~lynn/2016b.html#4 Cyberdumb
https://www.garlic.com/~lynn/2016b.html#33 IBM's 3033; "The Big One": IBM's 3033
https://www.garlic.com/~lynn/2016b.html#61 Qbasic
https://www.garlic.com/~lynn/2016b.html#72 Qbasic
https://www.garlic.com/~lynn/2016b.html#75 Another Private-Equity LBO Queen Bites the Dust
https://www.garlic.com/~lynn/2016b.html#100 Ray Tomlinson, inventor of modern email, dies
https://www.garlic.com/~lynn/2016c.html#21 Globalization Worker Negotiation
https://www.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions
https://www.garlic.com/~lynn/2016d.html#19 Banking; The Book That Will Save Banking From Itself
https://www.garlic.com/~lynn/2016d.html#42 Old Computing
https://www.garlic.com/~lynn/2016d.html#76 IBM plans for the future - an imaginary tale
https://www.garlic.com/~lynn/2016d.html#84 The mainframe is dead. Long live the mainframe!
https://www.garlic.com/~lynn/2016d.html#89 China builds world's most powerful computer
https://www.garlic.com/~lynn/2016d.html#97 Is it a lost cause?
https://www.garlic.com/~lynn/2016e.html#41 How the internet was invented
https://www.garlic.com/~lynn/2016e.html#88 E.R. Burroughs
https://www.garlic.com/~lynn/2016e.html#97 IBM History
https://www.garlic.com/~lynn/2016e.html#108 Some (IBM-related) History
https://www.garlic.com/~lynn/2016f.html#29 Samsung's million-IOPS, 6.4TB, 64Gb/s SSD is ... well, quite something
https://www.garlic.com/~lynn/2016f.html#83 IBM's Gerstner to Join Carlyle As Investment Firm's Chairman
https://www.garlic.com/~lynn/2016g.html#20 How to Fix IBM
https://www.garlic.com/~lynn/2016g.html#71 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016h.html#48 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#72 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: One Nation Under God: How Corporate America Invented Christian America Date: 24 Jan 2017 Blog: FacebookJune1940, Germany had a victory celebration at the NYC Waldorf-Astoria with major industrialists. Lots of them were there to hear how to do business with the Nazis
Later 5000 industrialists from across the US had conference (also) at
NYC Waldof-Astoria and in part because they had gotten such bad
reputation for the depression and supporting Nazi Germany, they
approved a major propaganda campaign to equate capitalism with
Christianity
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
part of the result by the early 50s was adding in god we trust to money and under god to the pledge of allegiance.
somewhat related, this talks about late 90s, major change in national
chamber of commerce lobbying (on behalf of large corporations)
... that resulted in some local chamber of commerce separating from
the national organization.
https://www.amazon.com/Influence-Machine-Commerce-Corporate-American-ebook/dp/B00NDTUDHA/
John Foster Dulles played major role in rebuilding Germany's economy,
industry and military during 20s&30s. The Brothers: John Foster
Dulles, Allen Dulles, and Their Secret World War,
https://www.amazon.com/Brothers-Foster-Dulles-Allen-Secret-ebook/dp/B00BY5QX1K/
loc905-7:
Foster was stunned by his brother's suggestion that Sullivan &
Cromwell quit Germany. Many of his clients with interests there,
including not just banks but corporations like Standard Oil and
General Electric, wished Sullivan & Cromwell to remain active
regardless of political conditions.
loc938-40:
At least one other senior partner at Sullivan & Cromwell, Eustace
Seligman, was equally disturbed. In October 1939, six weeks after the
Nazi invasion of Poland, he took the extraordinary step of sending
Foster a formal memorandum disavowing what his old friend was saying
about Nazism
... snip ...
From the law of unintended consequences; 1943 US Strategic Bombing Program, they needed German industrial and military targets and coordinates, they got the information and detailed plans from wallstreet.
some past posts
https://www.garlic.com/~lynn/2015.html#62 IBM Data Processing Center and Pi
https://www.garlic.com/~lynn/2015b.html#13 Keydriven bit permutations
https://www.garlic.com/~lynn/2015b.html#69 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015b.html#86 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015d.html#13 Fully Restored WWII Fighter Plane Up for Auction
https://www.garlic.com/~lynn/2015f.html#29 Eric Holder Returns as Hero to Law Firm That Lobbies for Big Banks
https://www.garlic.com/~lynn/2015f.html#36 Eric Holder, Wall Street Double Agent, Comes in From the Cold
https://www.garlic.com/~lynn/2015f.html#90 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015f.html#91 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015f.html#92 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015g.html#7 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015g.html#32 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015g.html#38 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015h.html#0 How Corporate America Invented Christian America; Inside one reverend's big business-backed 1940s crusade to make the country conservative again
https://www.garlic.com/~lynn/2015h.html#26 Putin's Great Crime: He Defends His Allies and Attacks His Enemies
https://www.garlic.com/~lynn/2015h.html#28 rationality
https://www.garlic.com/~lynn/2015h.html#119 For those who like to regress to their youth? :-)
https://www.garlic.com/~lynn/2016.html#44 Thanks Obama
https://www.garlic.com/~lynn/2016b.html#39 Failure as a Way of Life; The logic of lost wars and military-industrial boondoggles
https://www.garlic.com/~lynn/2016b.html#49 Corporate malfeasance
https://www.garlic.com/~lynn/2016b.html#102 Qbasic
https://www.garlic.com/~lynn/2016c.html#18 Qbasic
https://www.garlic.com/~lynn/2016c.html#64 Isolationism and War Profiteering
https://www.garlic.com/~lynn/2016c.html#75 Qbasic
https://www.garlic.com/~lynn/2016d.html#49 Fateful Choices
https://www.garlic.com/~lynn/2016d.html#88 "Computer & Automation" later issues--anti-establishment thrust
https://www.garlic.com/~lynn/2016f.html#27 British socialism / anti-trust
https://www.garlic.com/~lynn/2016f.html#56 "One Nation Under God: How Corporate America Invented Christian America"
https://www.garlic.com/~lynn/2016f.html#94 The Brothers: John Foster Dulles, Allen Dulles, and Their Secret World War
https://www.garlic.com/~lynn/2016h.html#2 Smedley Butler
https://www.garlic.com/~lynn/2017.html#10 Separation church and state
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Improving Congress's oversight of the intelligence community Date: 25 Jan 2017 Blog: FacebookImproving Congress's oversight of the intelligence community
Lot of intelligence agency articles seem to be obfuscation and
misdirection. Underlying is the enormous outsourcing that occurred
last decade ... 70% of budget and over half the people (including
Snowden)
http://www.investingdaily.com/17693/spies-like-us
the enormous outsourcing ... especially to private-equity owned
beltway bandits under heavy pressure to generate revenue for their
owners every way possible (outsourced security clearances were found
to be doing paperwork but not the background checks) ... seems to have
contributed to the rapidly spreading success of failure culture (and
possibly contributes to poor cyberattack countermeasures)
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
private-equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
success of failure posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
In the success of failure scenario, where the information was
originally provided to congress and NSA employee charged with treason
(under same act used to charge Snowden)
http://www.pbs.org/wgbh/pages/frontline/government-elections-politics/united-states-of-secrets/the-frontline-interview-thomas-drake/
whistleblower posts
https://www.garlic.com/~lynn/submisc.html#whistleblower
trivia: we may have tangentially involved, but we didn't realize it until the articles start appearing. 2002, we get a call and asked to respond to a unclassified IC-ARDA BAA that was about to close (IC-ARDA has since been renamed IARPA). The BAA said something about none of the tools they have do the job. We get the response in and then have a few meetings showing that we can do what is needed ... and then nothing. Later, we hear by the grapevine that top executives told the BAA principal that he hadn't sufficiently proven to their satisfaction that what they have won't do the job. We then wonder why they let the BAA to be released in the first place (conjecture that top executives thought there would be no response and it would shut the principal up).
disclaimer: I've never had clearance or job in the government ... although periodically people have thought I did. As undergraduate in the 60s, gov. agencies used a lot of software that I did (although I didn't know it at the time). Later some would show up at my computer/security class ... and bragged offline they knew where I was every day of my life back to birth (they asked me to name any date and they would tell me where i was).
past posts mentioning BAA:
https://www.garlic.com/~lynn/2013o.html#57 Beyond Snowden: A New Year's Wish For A Better Debate
https://www.garlic.com/~lynn/2013o.html#76 Should New Limits Be Put on N.S.A. Surveillance?
https://www.garlic.com/~lynn/2014.html#12 5 Unnerving Documents Showing Ties Between Greenwald, Omidyar & Booz Allen Hamilton
https://www.garlic.com/~lynn/2014c.html#66 F-35 JOINT STRIKE FIGHTER IS A LEMON
https://www.garlic.com/~lynn/2014c.html#85 11 Years to Catch Up with Seymour
https://www.garlic.com/~lynn/2015.html#54 How do we take political considerations into account in the OODA-Loop?
https://www.garlic.com/~lynn/2015.html#72 George W. Bush: Still the worst; A new study ranks Bush near the very bottom in history
https://www.garlic.com/~lynn/2015f.html#20 Credit card fraud solution coming to America...finally
https://www.garlic.com/~lynn/2015f.html#26 Gerstner after IBM becomes Carlyle chairman
https://www.garlic.com/~lynn/2015h.html#32 (External):Re: IBM
https://www.garlic.com/~lynn/2016b.html#39 Failure as a Way of Life; The logic of lost wars and military-industrial boondoggles
https://www.garlic.com/~lynn/2016b.html#62 The NSA's back door has given every US secret to our enemies
https://www.garlic.com/~lynn/2016e.html#18 FBI Rewrites Federal Law to Let Hillary Off the Hook
https://www.garlic.com/~lynn/2016f.html#40 Misc. Success of Failure
https://www.garlic.com/~lynn/2016f.html#76 GLBA & Glass-Steagall
https://www.garlic.com/~lynn/2016h.html#96 This Is How The US Government Destroys The Lives Of Patriotic Whistleblowers
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Mnuchin Lied About His Bank's History of Robo-Signing Foreclosure Documents Date: 25 Jan 2017 Blog: FacebookMnuchin Lied About His Bank's History of Robo-Signing Foreclosure Documents
1999 I was asked to try and help prevent the coming economic mess by improving integrity of securitized mortgage supporting documents; securitized mortgages had been used during S&L crisis to obfuscate fraudulent mortgages (posterchild were office bldgs in Dallas/Ft.Worth that turn out to be empty lots).
Later the dealers find they can buy triple-A rating from rating agencies for securitized mortgages (even when rating agencies knew they weren't worth triple-A, from Oct2008 congressional testimony) largely enabling over $27T done 2001-2008, triple-A rating" trumps supporting documents and they can start doing no-documentation, liar loans and no longer need to care about borrower's qualifications or loan quality (triple-A rating also enables selling to institutions restricted to only dealing in "safe" investments, like large pension funds). Then they find they can do toxic CDOs designed to fail, pay for triple-A, sell to their victims, and then take out CDS/derivative gambling bets that they would fail (creating enormous demand for bad loans, now they cared about borrowers' qualification but not in the traditional way).
toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The largest holder of the CDS/derivative gambling bets was AIG and negotiating to pay off at 50cents on the dollar when the SECTREAS steps in and says that they have to sign a document that they can't sue those making the gambling bets and forced to take TARP funds to pay off the CDS gambling bets at face value. The largest recipient of TARP funds is AIG and the largest recipient of face value payoffs is the firm formally headed by the SECTREAS.
Claim is that during the period (2001-2008) "finance" tripled in size, as percent of GDP (huge skimming off the $27+T and the CDS/derivative gambling bets, not improving economy but enormously increasing their share of the economy). NY state comptroller also released statistics that aggregate wallstreet bonuses spiked over 400% during the period.
trivia: from the law of unintended consequences; the largest fines so far related to the economic mess are for the TBTF robo-signing mills fabricating the documents for the no-document liar loans.
VP and former CIA director repeatedly claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Deep learning algorithm does as well as dermatologists in identifying skin cancer Date: 25 Jan 2017 Blog: FacebookDeep learning algorithm does as well as dermatologists in identifying skin cancer
"The Undoing Project: A Friendship That Changed Our Minds"
... Kahneman, a psychologist, gets Nobel Prize in economics ... in
part for debunking Milton Friddman economic theories assuming rational
actors.
https://www.amazon.com/Undoing-Project-Friendship-Changed-Minds-ebook/dp/B01GI6S7EK/
loc2276-79:
The Oregon researchers went and tested the hypothesis anyway. It
turned out to be true. If you wanted to know whether you had cancer or
not, you were better off using the algorithm that the researchers had
created than you were asking the radiologist to study the X-ray. The
simple algorithm had outperformed not merely the group of doctors; it
had outperformed even the single best doctor. You could beat the
doctor by replacing him with an equation created by people who knew
nothing about medicine and had simply asked a few questions of
doctors.
loc/2291-93:
Why would the judgment of an expert--a medical doctor, no less--be
inferior to a model crafted from that very expert's own knowledge? At
that point, Goldberg more or less threw up his hands and said, Well,
even experts are human. "The clinician is not a machine," he
wrote. "While he possesses his full share of human learning and
hypothesis-generating skills, he lacks the machine's reliability."
loc2296-99:
Right after Goldberg published those words, late in the summer of
1970, Amos Tversky showed up in Eugene, Oregon.
... snip ...
I remember reading articles in the 70s about medical profession pushing back against these findings.
trivia: in the 90s we did some work on computer image recognition of breast cancer xrays (in conjunction with xray moving from film to digital), with somebody from Michigan.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump White House Senior Staff Have Private RNC Email Accounts Date: 25 Jan 2017 Blog: FacebookTrump White House Senior Staff Have Private RNC Email Accounts
triva ... Olie's problem with IBM PROFs email system in the 80s
https://en.wikipedia.org/wiki/Oliver_North#Iran.E2.80.93Contra_affair
VP and former CIA director had repeatedly claimed he knew nothing
about it because he was the fulltime administration point-person doing
financial deregulation creating the S&L crisis.
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member presides over the economic mess 70 times larger than S&L crisis which had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Then Bush Pardons 6 in Iran Affair, Aborting a Weinberger Trial; Prosecutor Assails 'Cover-Up'
http://www.nytimes.com/books/97/06/29/reviews/iran-pardon.html
https://www.brown.edu/Research/Understanding_the_Iran_Contra_Affair/prosecutions.php
as evidence of Bush involvement starts to show up; aside, both Weinberger (SECDEF) and Schultz (SECSTATE) were Bechtel executives when appointed.
after Iran/Contra, following administrations had to get more inventive, as it became harder and harder to disappear email from gov. servers, they eventually had to move to non-gov. servers
100,000 lost in the 90s, because backup was "misconfigured"
http://www.judicialwatch.org/blog/2008/01/clinton-white-house-lost-emails-too/
Hillary's email scandal -- of the 1990s! Exclusive: Larry Klayman
tells of 1 million messages 'lost' from White House server
http://www.wnd.com/2016/06/hillarys-email-scandal-of-the-1990s/
The Other Clinton Email Scandal You May Not Know About
http://ijr.com/2016/06/624529-this-isnt-the-first-clinton-email-scandal/
Politicos squabble over 'missing' White House e-mails
https://www.cnet.com/news/politicos-squabble-over-missing-white-house-e-mails/
then
The George W. Bush White House 'Lost' 22 Million Emails
http://www.newsweek.com/2016/09/23/george-w-bush-white-house-lost-22-million-emails-497373.html
Special Report: G.W. Bush's 103.6 million missing email messages and
the IT archiving challenge
http://www.zdnet.com/article/special-report-g-w-bushs-103-6-million-missing-email-messages-and-the-it-archiving-challenge/
Bush White House email controversy
https://en.wikipedia.org/wiki/Bush_White_House_email_controversy
Missing White House Emails
http://www.pbs.org/weta/washingtonweek/web-video/missing-white-house-emails
Disappearing White House Emails Timeline
https://www.emptywheel.net/2008/01/17/disappearing-white-house-emails-timeline/
Group Sues White House to Restore Missing Emails; National Security
Archive says White House must reactivate its email archiving system
http://www.darkreading.com/attacks-breaches/group-sues-white-house-to-restore-missing-emails/d/d-id/1128976
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump White House Senior Staff Have Private RNC Email Accounts Date: 25 Jan 2017 Blog: Facebookre:
The North & Iran/Contra was 80s, Reagan administration ... when the senior Bush was VP (and repeatedly claimed no knowledge of Iran/Contra because he was fulltime administration person created S&L crisis).
http://nsarchive2.gwu.edu/white_house_email/
1982 - The National Security Council (NSC) staff at the White House
acquires a prototype electronic mail system, from IBM, called the
Professional Office System (PROFs).
April 1985 - The PROFs e-mail system becomes fully operational within
the NSC, including not only the full staff, but also home terminals
for the National Security Adviser, Robert "Bud" McFarlane, and his
deputy, Admiral John M. Poindexter.
https://en.wikipedia.org/wiki/IBM_OfficeVision
PROFS and its e-mail component, known colloquially as PROFS Notes,
featured prominently in the investigation of the Iran-Contra
scandal. Oliver North believed he had deleted his correspondence, but
the system archived it anyway. Congress subsequently examined the
e-mail archives.[1].
http://www-03.ibm.com/ibm/history/ibm100/us/en/icons/networkbus/
PROFS changed the way organizations communicated, collaborated and
approached work when it was introduced by IBM's Data Processing
Division in 1981. The next year, the White House adopted a prototype
email system of the PROFS system for the US National Security Council
(NSC) staff, and soon PROFS became the most popular office system for
companies needing a central shared way of communicating and working,
along with managing the increasing flow of information.
When congress subpoena the email ... only somebody with necessary
security clearances could scan the backup tapes for selecting what
congress asked for (since effectively every possible clearance was
required)
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Private Equity Firms are Designed to Earn Big While Risking Little of Their Own Date: 25 Jan 2017 Blog: FacebookHow Private Equity Firms are Designed to Earn Big While Risking Little of Their Own
AMEX is in competition with KKR for private-equity take-over of RJR
and KKR wins. Then KKR runs into some problems and hires the president
of AMEX to help.
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco
IBM has gone into the red and is in the process of being reorganized
into the 13 "baby blues" in preparation for breakup of the company. The
board then hires away the former president of AMEX to reverse the
breakup and resurrect IBM. Uses some of same techniques at IBM that
had been used at RJR
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
Later the former president of AMEX leaves IBM and becomes head of
another major private-equity company which does LBO of company that
will employ Snowden. Private-equity take-over of beltway bandits last
decade significantly accelerated federal gov. outsourcing. Private
equity subsidiaries are under intense pressure to cut corners and
generate revenue any way possible (outsourced security clearances were
found to fill out the paperwork but not actually do the background
checks). 70% of the intelligence budget and over half the people
http://www.investingdaily.com/17693/spies-like-us/
as well as accelerating the rapid spreading success of failure
culture:
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
over half corporate defaults have been companies owned or previously
owned by private equity
http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0
Mitt Romney Is The Real Super-Fraud: Here's The Proof, Chapter And
Verse
http://davidstockmanscontracorner.com/mitt-romney-is-the-real-super-fraud-heres-the-proof-chapter-and-verse/
During his 16-years at Bain Capital, fully one-fourth or $600 million
of the firms cumulative $2.5 billion of profits were scalped from
companies which went bankrupt soon after Mitt and his partners got out
of town with the loot.
... snip ...
SEC Official: Over Half Of All Private Equity Audits Revealed Crimes
http://news.firedoglake.com/2014/05/09/sec-official-over-half-of-all-private-equity-audits-revealed-crimes/
SEC Official Describes Widespread Lawbreaking and Material Weakness in
Controls in Private Equity Industry
http://www.nakedcapitalism.com/2014/05/sec-official-describes-widespread-lawbreaking-material-weakness-controls-private-equity-industry.html
New York Times' New Editor Buries Important Story on Private Equity
Fee Shenanigans on Holiday Weekend
http://www.nakedcapitalism.com/2014/05/new-york-times-new-editor-buries-important-story-private-equity-fee-shenanigans-holiday-weekend.html
The Deal's Done. But Not the Fees.
http://www.nytimes.com/2014/05/25/business/the-deals-done-but-not-the-fees.html
Congressional Report Slams OPM on Data Breach (actually outsourced to
private equity subsidiary)
http://krebsonsecurity.com/2016/09/congressional-report-slams-opm-on-data-breach/
OPM Contractor's Parent Firm Has a Troubled History
https://firstlook.org/theintercept/2015/06/24/opm-contractor-veritas/
some past posts
https://www.garlic.com/~lynn/submisc.html#gerstner
and
https://www.garlic.com/~lynn/submisc.html#private.equity
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Blockchain Newsgroups: bit.listserv.ibm-main Date: 26 Jan 2017 10:37:52 -0800rob.schramm@GMAIL.COM (Rob Schramm) writes:
even going back to overlap with some standards & patents that I did
When the SLippery SLope beckons
http://financialcryptography.com/mt/archives/000998.html
(Imagine here comments about Ricardian contracts, x.509 failings,
x9.59 designs, transaction economics, and a whole host of lessons that
simply can't be learnt at any price.)
... snip ...
Sarbanes-Oxley is what you get when you don't do FC
http://financialcryptography.com/mt/archives/000797.html
Reading this posted old reference by Lynn, I was struck by this gem:
https://www.garlic.com/~lynn/aepay3.htm#riskm
... snip ...
some AADS
https://www.garlic.com/~lynn/x959.html#aads
and x9.59
https://www.garlic.com/~lynn/x959.html#x959
and more
https://www.garlic.com/~lynn/subpubkey.html#x959
and then
https://www.garlic.com/~lynn/subpubkey.html#signature
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump White House Senior Staff Have Private RNC Email Accounts Date: 26 Jan 2017 Blog: Facebookre:
Note both Bushes and Clintons acquired significant experience getting around gov. email records requirement over a period of decades.
related to Reagan era files implicating Bush1 in Iran/Contra:
President who Eviscerated Presidential Records Act Relying on His
Presidential Library to Boost Legacy.
http://nsarchive.wordpress.com/2013/04/25/president-who-eviscerated-presidential-records-act-relying-on-his-presidential-library-to-boost-his-legacy/
Executive Order 13,233 was signed by President Bush on November 1,
2001, so that his White House Counsel -- not the National Archives --
could review 68,000 pages of records from the Reagan Presidential
Library, and decide if the public had the right to read them. These
documents included a six-page 8 December 1986 memo to the President
and Director of Public Affairs entitled, "Talking Points on
Iran/Contra Affairs"; a series of memos dated 22 November and 1
December 1988 for the President entitled, "Pardon for Oliver North,
John Poindexter, and Joseph Fernandez"; and a two-page memo for the
President from the Attorney General, "Appeal of the Decision Denying
the Enforcement of the Anti-Terrorism Act of 1987."
... snip ...
HISTORIANS, PUBLIC INTEREST GROUPS SUE TO STOP BUSH ORDER; Say New
Restrictions on White House Files Violate Presidential Records Act;
"Bush Order Attempts to Overturn the Law, Take the Power Back"
http://www.gwu.edu/~nsarchiv/news/20011128/
Court Rules Delay in Release of Presidential Papers is Illegal; Fails
to Address Authority of Former Vice Presidents to Hold Up Disclosure
of Papers
http://www.gwu.edu/~nsarchiv/news/20071001/
The Presidential Records Act of 1978 (PRA) emerged from the scandals
of the Nixon presidency to require former presidents to release their
records no later than 12 years after they leave office. Under the PRA,
as amended, the U.S. government asserts complete "ownership,
possession, and control" of all Presidential and Vice-Presidential
records.
... snip ...
and earlier period (this reference is to Bush1 when Ford appointed him
to head CIA, replacing Colby), National Insecurity: The Cost of
American Militarism (Melvin A. Goodman) pg247/3512-16:
Colby would not allow a clearly polemical group, led by Harvard
professor Richard Pipes and referred to as Team B, to hijack the
production of intelligence estimates. Bush had no qualms about doing
so. Ford removed Colby, and Pipes -- with the help of Cheney and
Rumsfeld -- named a team of right-wing academics and former government
officials to draft their own intelligence estimates on Soviet military
power. It is noteworthy that neither Cheney nor Rumsfeld mention the
Team B chicanery in their recently published memoirs.
... snip ...
After White House Chief of Staff Rumsfeld gets Colby replaced by Bush who will go along with "Team B" estimates (justifying significant DOD budget increases), Rumsfeld resigns and becomes SECDEF (replaced by his assistant Cheney).
"Team B" posts
https://www.garlic.com/~lynn/submisc.html#team.b
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Coal Fire May Have Helped Sink the 'Titanic' Date: 26 Jan 2017 Blog: Facebookearlier in the week A Coal Fire May Have Helped Sink the 'Titanic'
The World Crisis, Vol. 1, Churchill explains the mess in middle east
started with move from 13.5in to 15in guns (which requires moving from
coal to oil) loc2012-14:
From the beginning there appeared a ship carrying ten 15-inch guns,
and therefore at least 600 feet long with room inside her for engines
which would drive her 21 knots and capacity to carry armour which on
the armoured belt, the turrets and the conning tower would reach
the thickness unprecedented in the British Service of 13 inches.
loc2087-89:
To build any large additional number of oil-burning ships meant basing
our naval supremacy upon oil. But oil was not found in appreciable
quantities in our islands. If we required it, we must carry it by sea
in peace or war from distant countries.
loc2151-56:
This led to enormous expense and to tremendous opposition on the Naval
Estimates. Yet it was absolutely impossible to turn back. We could
only fight our way forward, and finally we found our way to the
Anglo-Persian Oil agreement and contract, which for an initial
investment of two millions of public money (subsequently increased to
five millions) has not only secured to the Navy a very substantial
proportion of its oil supply, but has led to the acquisition by the
Government of a controlling share in oil properties and interests
which are at present valued at scores of millions sterling, and also
to very considerable economies, which are still continuing, in the
purchase price of Admiralty oil.
... snip ...
Iran Elected leader was going to review the Anglo-Persian contracts
... CIA Confirms Role in 1953 Iran Coup
http://nsarchive.gwu.edu/NSAEBB/NSAEBB435/
including
https://en.wikipedia.org/wiki/Kermit_Roosevelt,_Jr.
in
https://en.wikipedia.org/wiki/1953_Iranian_coup_d%27%C3%A9tat
and to help keep the shah in power, US (including Norman Schwarzkopf
senior) trained
https://en.wikipedia.org/wiki/SAVAK
past refs:
https://www.garlic.com/~lynn/2016d.html#78 The World Crisis, Vol. 1
https://www.garlic.com/~lynn/2016e.html#84 E.R. Burroughs
https://www.garlic.com/~lynn/2016f.html#21 US and UK have staged coups before
https://www.garlic.com/~lynn/2016f.html#23 Frieden calculator
https://www.garlic.com/~lynn/2016f.html#102 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Paper Tape Newsgroups: bit.listserv.ibm-main Date: 27 Jan 2017 08:09:50 -0800dave.g4ugm@GMAIL.COM (Dave Wade) writes:
because assemblies took so long, as undergraduate, I got quite adept at dup'ing columns in (12-2-9) TXT cards in 026 keypunch and multi-punching patches.
past posts mentioning multi-punch TXT cards
https://www.garlic.com/~lynn/93.html#17 unit record & other controllers
https://www.garlic.com/~lynn/95.html#4 1401 overlap instructions
https://www.garlic.com/~lynn/2000b.html#44 20th March 2000
https://www.garlic.com/~lynn/2000f.html#75 Florida is in a 30 year flashback!
https://www.garlic.com/~lynn/2001b.html#26 HELP
https://www.garlic.com/~lynn/2001b.html#27 HELP
https://www.garlic.com/~lynn/2001k.html#27 Is anybody out there still writting BAL 370.
https://www.garlic.com/~lynn/2001k.html#28 Is anybody out there still writting BAL 370.
https://www.garlic.com/~lynn/2002k.html#63 OT (sort-of) - Does it take math skills to do data processing ?
https://www.garlic.com/~lynn/2004p.html#24 Systems software versus applications software definitions
https://www.garlic.com/~lynn/2005c.html#54 12-2-9 REP & 47F0
https://www.garlic.com/~lynn/2006c.html#17 IBM 610 workstation computer
https://www.garlic.com/~lynn/2006g.html#43 Binder REP Cards (Was: What's the linkage editor really wants?)
https://www.garlic.com/~lynn/2006g.html#58 REP cards
https://www.garlic.com/~lynn/2006l.html#64 Large Computer Rescue
https://www.garlic.com/~lynn/2007d.html#51 IBM S/360 series operating systems history
https://www.garlic.com/~lynn/2007f.html#78 What happened to the Teletype Corporation?
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
https://www.garlic.com/~lynn/2007s.html#8 Anybody remember Keypunch cards?
https://www.garlic.com/~lynn/2008.html#32 1975 movie "Three Days of the Condor" tech stuff
https://www.garlic.com/~lynn/2008b.html#46 Usefulness of bidirectional read/write?
https://www.garlic.com/~lynn/2008h.html#83 Java; a POX
https://www.garlic.com/~lynn/2009h.html#56 Punched Card Combinations
https://www.garlic.com/~lynn/2009p.html#77 The 50th Anniversary of the Legendary IBM 1401
https://www.garlic.com/~lynn/2009r.html#56 You know you've been Lisp hacking to long when
https://www.garlic.com/~lynn/2010h.html#36 IBM 029 service manual
https://www.garlic.com/~lynn/2010h.html#38 IBM 029 service manual
https://www.garlic.com/~lynn/2010p.html#11 Rare Apple I computer sells for $216,000 in London
https://www.garlic.com/~lynn/2013h.html#26 Getting at the original command name/line
https://www.garlic.com/~lynn/2014f.html#89 Real Programmers
https://www.garlic.com/~lynn/2014m.html#156 Is true that a real programmer would not stoop to wasting machine capacity to do the assembly?
https://www.garlic.com/~lynn/2015b.html#15 What were the complaints of binary code programmers that not accept Assembly?
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Fri, 27 Jan 2017 14:40:42 -0800David Wade <dave.g4ugm@gmail.com> writes:
360 65, 67 and higher models had dedicated separate channel boxes.
360 50, 40 & lower end had integrated channels (processor was shared executing channel microcode and 360 microcode)
370 165/168 & higher end had dedicated separate channels boxes
370 155/158 & lower end had integrated channels (processor executed both channel microcode and 370 micrcode)
There was exception for 370/115 & 370/125 done by Boeblingen (or Boblingen with the umlaut, just check internet, says in german it is always transliterated to "e", but in Swedish it is dropped), Germany ... and folklore is that they got their hands slapped by corporate.
They did memory bus with positions for up to nine microprocessors
... all identical ... running different microcode for 370, i/o, device
controllers, etc. 125 was identical to 115 except that the
microprocessor running 370 microcode was 50% faster than the other
processors. At one point, I was sucked into designing a 370/125
multiprocessor where up to 5 of the bus positions would running the 370
multiprocessor microprocessors. some past posts
https://www.garlic.com/~lynn/submain.html#bounce
it was never announced/shipped ... in part because the 138/148 people
complained it overlapped their throughput at better
price/performance. At the time, I had also been sucked into doing
370/148 stuff ... so in some escalation meetings ... I was required to
represent both sides of the table and argue with myself. part of the
138/148 effort was the ECPS microcode ... dropping operating system
stuff directly into native microcode, getting 10:1 speedup:
https://www.garlic.com/~lynn/94.html#21 370 ECPS VM microcode assist
I was working on superset of ECPS for the 125 ... but also something
that was superset of what would become SSCH for 370-xa ... because I had
all the system microcode in the same box.
https://www.garlic.com/~lynn/94.html#27 370 ECPS VM microcode assist
during Future System period ... they were shutting down 370 efforts
(since FS was going to completely replace 360/370)
https://www.garlic.com/~lynn/submain.html#futuresys
with the implosion of FS, there was mad rush to get 370 stuff back into
product pipelines ... including kicking off 303x & 3081 in parallel ...
some (FS, 303x, 3081) history:
http://www.jfsowa.com/computer/memo125.htm
for 303x external channel box, they took the 158 integrated channel microcode (w/o the 370 microcode). A 3031 was a 158 processor with just the 370 microcode and 2nd 158 processor with just the integrated channel microcode. A 3032 was a 168 processor with a 158 processor as external channel. A 3033 started out as 168 logic mapped to faster chips (and one or more 158 processors for external channels).
360/65 and 360/67 single processors were nearly identical except for addition of virtual memory hardware for 360/67.
360/65 and 360/67 multiple processor were a lot more different. 360/65 multiprocessor shared real memory ... but not I/O, external channel boxes were only attached to single processor. To simulate shared I/O they used "multi-tail" controllers (that could be connected to multiple channels) that were configured at same addresses on the respective processor channels.
360/67 functional characteristic
http://www.bitsavers.org/pdf/ibm/360/functional_characteristics/A27-2719-0_360-67_funcChar.pdf
360/67 multiprocessor shared both real memory and each processor could be configured to access/share all channels ... there was director ... and memory was multi-ported with independent path for I/O). 360/65 & 360/67 single processor had to share same memory ports with I/O. Mutli-ported 360/67 memory had slightly longer latency for all accesses (resolving multi-port protocol) ... but in heavy i/o loads, could have overall higher throughput (because allowing concurrent activity, some configurations even ran 67-2 with only single processor). Pg. 43 starts instruction times and gives formulas. Pg. 46 starts average instruction times and shows the difference between single processor (67-1) and 67-2 multi-ported memory (with slightly increased latency).
shows the multiprocessor director (2167,pg29) which could reconfigure
for complete sharing ... or partition hardware in number of ways. It also
shows that the settings of the director could be read/sensed from the
"control registers" (pg31-32). multiprocess posts
https://www.garlic.com/~lynn/subtopic.html#smp
There was a three processor 360/67 for Air Force Manned Orital Laboratory (MOL) project being done by Lockheed in Sunnyvale that had special modifications that allowed the software to change/update the 2167 hardware configuration by storing/setting values in those control registers.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Fri, 27 Jan 2017 15:53:10 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
following the demise of the 125 multiprocessor effort, I got sucked into working on a generalized 370 16-way multiprocessor. At first we got good reception from around the company and even got the 3033 processor engineers to work on it in their spare time (more interesting than remapping 168 logic to faster chips). Then somebody leaked to the head of POK (high-end mainframe) that it could be decades before the POK favorite son operating system (MVS) had effective 16-way support. In response, the head of POK invited some of us to never visit POK again and instructed the 3033 processor engineers to stop being distracted.
this was 1976-1977 time-frame ... 16-way mainframe doesn't ship until
2000 with z900 (over 20yrs later).
es/9000 1990 w/6processors
z900 2000 16 processors
z990 2003 32 processors
z9 2005 54 processors
z10 2008 64 processors
z196 2010 80 processors
ec12 2012 101 processors
z13 2015 140 processors
this is sort of funny:
https://www-03.ibm.com/ibm/history/exhibits/mainframe/mainframe_FS9000.html
The IBM Enterprise System/9000 (ES/9000) family of 18 processors
announced today for System/390 range from intermediate computers for
office environments to the most powerful mainframe systems the company
has ever offered.
... snip ...
since it doesn't refer to 18-way SMP ... it refers to 18 different
models (largest is 6-way SMP). It also refers to ESCON being announced
with ES/9000 ... when it is already obsolete ... various posts
https://www.garlic.com/~lynn/submisc.html#channel.extender
about having worked on supporting channel extender in 1980 and
then asked in 1988 to help LLNL standardized some serial stuff
they have which quickly becomes fibre channel standard. some
related posts
https://www.garlic.com/~lynn/submisc.html#ficon
SMP posts
https://www.garlic.com/~lynn/subtopic.html#smp
specifically mentioning 16-way effort
https://www.garlic.com/~lynn/2005r.html#46 Numa-Q Information
https://www.garlic.com/~lynn/2007g.html#17 The Perfect Computer - 36 bits?
https://www.garlic.com/~lynn/2007l.html#26 Is Parallel Programming Just Too Hard?
https://www.garlic.com/~lynn/2007t.html#77 T3 Sues IBM To Break its Mainframe Monopoly
https://www.garlic.com/~lynn/2009o.html#14 Microprocessors with Definable MIcrocode
https://www.garlic.com/~lynn/2009o.html#17 Broken hardware was Re: Broken Brancher
https://www.garlic.com/~lynn/2009s.html#32 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/2011.html#23 zLinux OR Linux on zEnterprise Blade Extension???
https://www.garlic.com/~lynn/2011.html#28 Personal histories and IBM computing
https://www.garlic.com/~lynn/2011b.html#68 vm/370 3081
https://www.garlic.com/~lynn/2011j.html#10 program coding pads
https://www.garlic.com/~lynn/2011p.html#52 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2012c.html#29 5 Byte Device Addresses?
https://www.garlic.com/~lynn/2012e.html#38 A bit of IBM System 360 nostalgia
https://www.garlic.com/~lynn/2012i.html#28 Top Ten Reasons Why Large Companies Fail To Keep Their Best Talent
https://www.garlic.com/~lynn/2012k.html#14 International Business Marionette
https://www.garlic.com/~lynn/2012n.html#36 390 vector instruction set reuse, was 8-bit bytes
https://www.garlic.com/~lynn/2012o.html#4 Unintended consequence of RISC simplicity?
https://www.garlic.com/~lynn/2013h.html#14 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013m.html#70 architectures, was Open source software
https://www.garlic.com/~lynn/2013n.html#59 'Free Unix!': The world-changing proclamation made30yearsagotoday
https://www.garlic.com/~lynn/2014d.html#59 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2014f.html#21 Complete 360 and 370 systems found
https://www.garlic.com/~lynn/2014h.html#6 Demonstrating Moore's law
https://www.garlic.com/~lynn/2014i.html#52 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014k.html#71 Bell Picturephone--early business application experiments
https://www.garlic.com/~lynn/2014m.html#105 IBM 360/85 vs. 370/165
https://www.garlic.com/~lynn/2014m.html#111 IBM 360/85 vs. 370/165
https://www.garlic.com/~lynn/2014m.html#140 IBM Continues To Crumble
https://www.garlic.com/~lynn/2015b.html#46 Connecting memory to 370/145 with only 36 bits
https://www.garlic.com/~lynn/2015d.html#39 Remember 3277?
https://www.garlic.com/~lynn/2015h.html#105 DOS descendant still lives was Re: slight reprieve on the z
https://www.garlic.com/~lynn/2016b.html#23 IBM's 3033; "The Big One": IBM's 3033
https://www.garlic.com/~lynn/2016b.html#78 Microcode
https://www.garlic.com/~lynn/2016c.html#70 Microprocessor Optimization Primer
https://www.garlic.com/~lynn/2016d.html#59 PL/I advertising
https://www.garlic.com/~lynn/2016e.html#114 IBM History
https://www.garlic.com/~lynn/2016f.html#85 3033
https://www.garlic.com/~lynn/2016f.html#86 3033
https://www.garlic.com/~lynn/2016h.html#98 A Christmassy PL/I tale
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Avaya: How we arrived at Chapter 11 Date: 27 Jan 2017 Blog: FacebookAvaya: How we arrived at Chapter 11
Private Equity Loss: Avaya Considers Chapter 11
http://www.investopedia.com/news/private-equity-loss-avaya-considers-chapter-11/
over half corporate defaults have been companies owned or previously
owned by private equity
http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0
what is funny is it isn't the credit rating of the private equity borrowers that are hit ... but the companies that they buy
posts
https://www.garlic.com/~lynn/submisc.html#private.equity
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: HONE APL Systems Date: 27 Jan 2017 Blog: FacebookScience Center ported apl\360 to CP67/CMS for CMS\APL. Typical APL\360 was 16kbyte (or sometimes 32kbyte) workspace that completely swapped the workspace. It would allocate new physical storage for each assignment statement ... until it exhausted storage and then do garbage collection. Move to CMS\APL just involved interpretor (eliminated all the other APL\360 stuff), extended workspace to virtual address size ... and added functions to access system services (like file read/write) ... enabling a lot of real world applications. Business planners in Armonk used CMS\APL on the Science Center system ... loading the most holy of corporate data for business simulation (requiring very strong security since the system was also used by non-employees, students & teachers from various Cambridge/Boston area institutions). science center posts
APL\360 Storage management & garbage collection had to be redone because even a small program could quickly touch all virtual memory resulting in page thrashing in demand paged environment.
The APL "purists" lambasted the Science Center implementation for accessing system services ... which they eventually "fixed" with "shared variables".
One of my hobbies was enhanced production systems for internal datacenters. HONE, world-wide online sales&marketing support, was one of my long time customers (lot of the applications were done in APL, I believe largest APL operation in the world). It was real thorn in IBM hdqtrs side because MVT/MVS/etc was favorite son operating system and it came as shock when an executive finds out HONE was virtual machine based operation ... and there was repeated efforts to try and shift it to MVS. Eventually in the 80s, corporate started saying that inability to migrate HONE to MVS was my fault ... they would be able to migrate to MVS if I would stop providing enhancements for HONE systems.
HONE (&/or APL) posts
https://www.garlic.com/~lynn/subtopic.html#hone
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Disk Engineering Date: 27 Jan 2017 Blog: FacebookThey use to let me wander around San Jose area ... customers, disk development, DBMS development, etc. Disk enginneering & disk product test had lots of mainframes for stand alone disk development (7x24 scheduled around the clock). They had once tried MVS for concurrent development, but it turned out to have 15mins MTBF in that environment (requiring manual re-IPL). I offered to rewrite I/O supervisor to make it bullet proof and never fail ... enabling any amount of on-demand, concurrent testing (greatly increasing productivity). I made the mistake of writing an internal report about the effort that included reference to MVS 15mins MTBF ... which brought done the wrath of the MVS group on my head (I was told that they would have gotten me separated from the IBM company if they could have figured out how).
About the same time I submitted open door about my salary including lots of supporting material. I got back written response from head of HR that after detailed review of my complete career, I was making exactly what I was suppose to. I made a copy of everything and resubmitted with cover letter that I was being asked to interview recent graduate new hires for a new group that would work under my direction ... and they were being offered starting salary 1/3rd more than what I was making. I never got a written response, but I got 1/3rd raise that put me on level playing field with the new hires. People periodically had to remind me that business ethics was an oxymoron.
disk engineering posts
https://www.garlic.com/~lynn/subtopic.html#disk
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: VM370 Development Date: 28 Jan 2017 Blog: Facebook
Some of In the wake of the Future System failure and the mad rush to
get stuff back into the product pipelines ... 303x & 3081 (370-xa)
efforts were kicked off in parallel. The head of POK managed to
convince corporate to kill VM370, shutdown the VM370 (burlington)
development group, and transfer all the people to POK ... or otherwise
POK wouldn't be able to ship MVS/XA on scheudle (some 7yrs
later). They weren't going to tell the development group of the
shutdown until just before it happens (to minimize the numbers that
might be able to escape). There the information was leaked and witch
hunt for person that leaked the information (fortunately for me,
nobody gave up the leaker). Lots of people got to escape and stay in
the Boston/Cambridge area (this was about the time that DEC started
VAX/VMS project and the joke was that the head of POK was major
contributor to VMS). Eventually Endicott managed to save the VM370
product mission, but had to reconstitute a development group from
scratch. There are lots of comments by customers in the VMSHARE
archive about VM370 code quality during that period; TYMSHARE started
providing their CMS-based computer conferencing system free to SHARE
starting in Aug1976 ... archives here:
http://vm.marist.edu/~vmshare/
some of the people that went to POK worked on a virtual machine facility that was solely targeted at supporting MVS/XA development and was never suppose to be released to customers. Much later a cobbled together version was released as the migration aid because customers weren't migrating from MVS to MVS/XA like they were suppose to. Then POK/Kingston browbeat corporate (and Endicott) to fund a large group to bring migration aid up to level for release as VM/XA. What was released was far inferior to the VM370 that had been enhanced to support XA (by sysprog in Rochester).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Languages Date: 28 Jan 2017 Blog: Facebook
I had introductory fortran and then the univ hired me to redo 1401 MPIO for 360/30. I got to design & implement my own monitor, scheduler, interrupt handlers, device drivers, error recovery, etc (MPIO was unit record<->tape front end for 709 ibsys that was tape->tape). Then they hired me fulltime to be responsible for production 360/65 os/360 (actually 360/67 originally for tss/360, but had to run as 360/65 most of the time).
In the early 70s at the science center did a lot of assembler, APL, and PLI work. One of my early PLI programs was to analyze assembler programs, turning into abstract representation, looking for all possible execution paths looking for register use before set, and generate psuedo high-level program representation.
Did an early REX (before renamed to REXX) program trying to
demonstrate that it wasn't another pretty scripting
language. Objective was to re-implement IBM's dump reader IPCS (tens
of thousands of assembler statements) working half-time in less than
3months elapsed time in REX ... with ten times more function and runs
ten times faster. I finished early so started development of library
of code that automatically looked for large number of most common
failure signatures. Eventually it was used by almost all internal
datacenters and PSRs ... but some reason never shipped to customers. I
did get approval to make user group presentations at BAYBUNCH and
SHARE on how I did the implementation. Within a few months customer
implementations started to appear. The closest "DUMPRX" came to
shipping was by the 3090 service processor group.
https://www.garlic.com/~lynn/submain.html#dumprx
A couple people at Los Gatos lab first did IBM's mainframe pascal
implementation and started using it for all sort of applications. I
did a replacement for VM370 spool file system in pascal that ran in
virtual address space which ran ten times faster than the native
assembler implementation with a lot more function (that also never
ships to customers). The original IBM mainframe TCP/IP was done in
that Pascal ... but the first implementation had a lot of issues (even
though it never had any of the exploits and vulnerabilities that have
been epidemic in C-language TCP/IP implementations). C-language
programming mistakes
https://www.garlic.com/~lynn/subintegrity.html#buffer
I did the TCP/IP RFC1044 enhancements and in tuning tests at Cray
Research got sustained channel throughpt between 4341 and Cray only
using a modest amount of 4341 processor (about 500 times improvement
in bytes moved per instruction executed, original got 44kbytes/sec
using 3090 full processor).
https://www.garlic.com/~lynn/subnetwork.html#rfc1044
I had a project HSDT that supported T1 and faster speed links running
both VNET and TCP/IP (single full-duplex T1, needed 300kbytes/sec
throughput). One of my other problems was that VNET ran through the
VM370 spool file system ... using synchronous diagnose interface doing
4k spool blocks; on heavily loaded system, VNET might get only 5-10 4k
blocks/sec throughput ... I needed 100-1000 4k blocks/sec
throughput. I did read-ahead, write-behind, contiguous allocation,
multi-block transfer and an asynchronous interface (in the pascal spool
file rewrite).
https://www.garlic.com/~lynn/subnetwork.html#hsdt
I was also working with CJNNET corporate backbone ... that was
restricted to 37x5 controllers that were limited to 56kbit lines
... even single full-duplex 56kbit link needed 3-4 blocks/sec. Then
the communication group corralled CJNNET telling corporate that the
internal network would stop working if it wasn't converted to SNA
... and CJNNET meetings were restricted to management only (problem
was that technical people might dispute the alternate facts). The
communication group had already managed to get the VNET product
shipped to customers restricted to SNA drivers ... but the internal
VNET still used the native VNET drivers that had significantly higher
throughput. some old email
https://www.garlic.com/~lynn/2006x.html#email870302
https://www.garlic.com/~lynn/2011.html#email870306
In early part of century I did detailed analysis of the MITRE/NIST
exploit database ... in part identifying what percentage were
associated with common/epidemic C-language programming mistakes. I
then tried to get MITRE to get more detailed bug reports ... it took
several more years before NIST would ask for the additional details.
past posts
https://www.garlic.com/~lynn/2004e.html#43 security taxonomy and CVE
https://www.garlic.com/~lynn/2005d.html#0 [Lit.] Buffer overruns
https://www.garlic.com/~lynn/2005k.html#3 Public disclosure of discovered vulnerabilities
https://www.garlic.com/~lynn/2011i.html#0 Cyberwar vs. Cyber-Espionage vs. Cybercrime
https://www.garlic.com/~lynn/2012b.html#80 U.S. Cybersecurity Debate Risks Leaving Critical Infrastructure in the Dark
https://www.garlic.com/~lynn/2013c.html#75 Still not convinced about the superiority of mainframe security vs distributed?
trivia: one of the people at Los Gatos responsible for IBM Pascal ... left and later was VP of software development at MIPS and then general manager of the SUN group responsible for JAVA.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Sat, 28 Jan 2017 14:20:11 -0800hancock4 writes:
models/profits from end of ACS
https://people.cs.clemson.edu/~mark/acs_end.html
Of the 26,000 IBM computer systems in use, 16,000 were S/360 models
(that is, over 60%). [Fig. 1.311.2]
Of the general-purpose systems having the largest fraction of total
installed value, the IBM S/360 Model 30 was ranked first with 12%
(rising to 17% in 1969). The S/360 Model 40 was ranked second with 11%
(rising to almost 15% in 1970). [Figs. 2.10.4 and 2.10.5]
Of the number of operations per second in use, the IBM S/360 Model 65
ranked first with 23%. The Univac 1108 ranked second with slightly over
14%, and the CDC 6600 ranked third with 10%. [Figs. 2.10.6 and 2.10.7]
... snip ...
Amdahl doing ACS/360 ... with supercomputer and 1/3rd supercomputer plus
1/9th supercomputer models for the rest of the market:
To achieve a profit for the ACS program, Amdahl asked IBM management to
approve three ACS/360 models: the high-performance design, a 1/3
performance version, and a 1/9 performance version. He felt that these
performance goals would be a good fit with the System 360 marketing
plans. He remembers that IBM Corporate Marketing evaluated the targets
and reported: 1) the supercomputer alone was a loss leader! 2) the
supercomputer plus the 1/3 performance computer was break-even! And 3)
the supercomputer plus both the 1/3 performance computer and the 1/9
performance computer was normal profit -- 30% pre-tax!
... snip ...
executives then 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. At the bottom of the page, it shows ACS/360 features showing up in ES/9000 more than 20yrs later.
other recent posts mentioning end of ACS
https://www.garlic.com/~lynn/2016.html#33 IBM STRETCH repricing decision?
https://www.garlic.com/~lynn/2016b.html#23 IBM's 3033; "The Big One": IBM's 3033
https://www.garlic.com/~lynn/2016c.html#3 You count as an old-timer if (was Re: Origin of the phrase "XYZZY")
https://www.garlic.com/~lynn/2016c.html#10 You count as an old-timer if (was Re: Origin of the phrase "XYZZY")
https://www.garlic.com/~lynn/2016d.html#89 China builds world's most powerful computer
https://www.garlic.com/~lynn/2016e.html#37 How the internet was invented
https://www.garlic.com/~lynn/2016e.html#60 Honeywell 200
https://www.garlic.com/~lynn/2016e.html#65 Dinosaurisation of we oldies?
https://www.garlic.com/~lynn/2016h.html#7 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016h.html#30 IBM project discussions
https://www.garlic.com/~lynn/2016h.html#44 Resurrected! Paul Allen's tech team brings 50-year-old supercomputer back from the dead
https://www.garlic.com/~lynn/2016h.html#45 Resurrected! Paul Allen's tech team brings 50-year-old supercomputer back from the dead
https://www.garlic.com/~lynn/2016h.html#48 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
https://www.garlic.com/~lynn/2016h.html#75 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2016h.html#98 A Christmassy PL/I tale
https://www.garlic.com/~lynn/2017.html#3 Is multiprocessing better then multithreading?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Sat, 28 Jan 2017 15:32:13 -0800Bill Findlay <no_email@invalid.invalid> writes:
big disruptive innovation could provide unexpected opportunities for competition ... especially with huge changes in price/performance (it could easily mess up bottom line and profit margins) ... case in point was growth of ibm/pc market.
I've frequently referred to talk by senior disk engineer at internal
communication group world-wide annual conference ... supposedly on 3174
performance but opened with statement that the communication group was
going to be responsible for the demise of the disk division. Issue was
the communication group had stangle hold on datacenters with their
strategic responsibility for everything that crossed the datacenter wall
and were fiercely fighting off distributed computing and client/server,
trying to preserve their (emulated) dumb terminal install base. The disk
division was seeing the drop in disk sales with data fleeing to move
distributed computing friendly platforms. The disk division had come
up with several solutions, but they were constantly being vetoed by
the communication group. past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
in the mid-80s, top ibm executives had predicted the business would
double ... mostly based on mainframe sales ... and had big internal
building program to double manufacturing capacity of mainframe related
products ... however business was already starting to go in the opposite
direction. By the early 90s with loss of significant mainframe business,
the company had gone into the red and was being reorganized into the 13
"baby blues" in preparation for breaking up the company (when a new CEO
was brought in to reverse the breakup and resurrect the company)
... some past posts
https://www.garlic.com/~lynn/submisc.html#gerstner
Mid-90s, the remaining mainstay of the mainframe business was the financial community with huge, critical business applications dating back to early 360 days. The financial community spent billions of dollars on reimplementing for straight-through parallel processing on large numbers of killer micros ... to alleviate the overnight cobol batch settlement bottleneck of these ancient applications. However, they were using some standard library parallelization software that had hundred times the overhead of cobol batch ... when they were warned about the problem ... it was just ignored. They finally had to face it when some large scale pilot rollouts went down in flames ... and they had to retrench to doing large scale Y2K remediation on these ancient legacy applications.
Middle of last decade, I was involved in taking some technology to financial association groups, that easily handled straight-through financial processing ... allowing specification of high-level rules that then generated fine-grain SQL statements. It relied on the significant performance work that all the major RDBMS vendors had invested in cluster (parallel) scale-up (it didn't try to do the parallelization effort, it just decomposed work into units that then were efficiently parallelized by cluster scale-up). Initially it got really good acceptance ... but then ran into brickwall. Finally we were told that there were still too many executives that bore scars from the failed attempts in the 90s ... and it would have to wait for a whole new generation.
past posts mentioning straight-through processing:
https://www.garlic.com/~lynn/2007e.html#31 Quote from comp.object
https://www.garlic.com/~lynn/2007l.html#15 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007m.html#36 Future of System/360 architecture?
https://www.garlic.com/~lynn/2007t.html#3 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007t.html#5 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007u.html#19 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#21 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#37 folklore indeed
https://www.garlic.com/~lynn/2007u.html#44 Distributed Computing
https://www.garlic.com/~lynn/2007u.html#61 folklore indeed
https://www.garlic.com/~lynn/2007v.html#19 Education ranking
https://www.garlic.com/~lynn/2007v.html#27 folklore indeed
https://www.garlic.com/~lynn/2007v.html#64 folklore indeed
https://www.garlic.com/~lynn/2007v.html#69 Controlling COBOL DDs named SYSOUT
https://www.garlic.com/~lynn/2007v.html#72 whats the world going to do when all the baby boomers retire
https://www.garlic.com/~lynn/2007v.html#81 Tap and faucet and spellcheckers
https://www.garlic.com/~lynn/2008b.html#3 on-demand computing
https://www.garlic.com/~lynn/2008b.html#74 Too much change opens up financial fault lines
https://www.garlic.com/~lynn/2008d.html#30 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#31 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008d.html#73 Price of CPU seconds
https://www.garlic.com/~lynn/2008d.html#87 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008d.html#89 Berkeley researcher describes parallel path
https://www.garlic.com/~lynn/2008g.html#55 performance of hardware dynamic scheduling
https://www.garlic.com/~lynn/2008h.html#50 Microsoft versus Digital Equipment Corporation
https://www.garlic.com/~lynn/2008h.html#56 Long running Batch programs keep IMS databases offline
https://www.garlic.com/~lynn/2008p.html#26 What is the biggest IT myth of all time?
https://www.garlic.com/~lynn/2008p.html#30 Automation is still not accepted to streamline the business processes... why organizations are not accepting newer technolgies?
https://www.garlic.com/~lynn/2008p.html#35 Automation is still not accepted to streamline the business processes... why organizations are not accepting newer technolgies?
https://www.garlic.com/~lynn/2008r.html#7 If you had a massively parallel computing architecture, what unsolved problem would you set out to solve?
https://www.garlic.com/~lynn/2009.html#87 Cleaning Up Spaghetti Code vs. Getting Rid of It
https://www.garlic.com/~lynn/2009c.html#43 Business process re-engineering
https://www.garlic.com/~lynn/2009d.html#14 Legacy clearing threat to OTC derivatives warns State Street
https://www.garlic.com/~lynn/2009f.html#55 Cobol hits 50 and keeps counting
https://www.garlic.com/~lynn/2009h.html#1 z/Journal Does it Again
https://www.garlic.com/~lynn/2009h.html#2 z/Journal Does it Again
https://www.garlic.com/~lynn/2009i.html#21 Why are z/OS people reluctant to use z/OS UNIX?
https://www.garlic.com/~lynn/2009i.html#23 Why are z/OS people reluctant to use z/OS UNIX? (Are settlements a good argument for overnight batch COBOL ?)
https://www.garlic.com/~lynn/2009i.html#43 Why are z/OS people reluctant to use z/OS UNIX? (Are settlements a good argument for overnight batch COBOL ?)
https://www.garlic.com/~lynn/2009l.html#57 IBM halves mainframe Linux engine prices
https://www.garlic.com/~lynn/2009m.html#22 PCI SSC Seeks standard for End to End Encryption?
https://www.garlic.com/~lynn/2009m.html#81 A Faster Way to the Cloud
https://www.garlic.com/~lynn/2009o.html#81 big iron mainframe vs. x86 servers
https://www.garlic.com/~lynn/2009q.html#67 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2009q.html#68 Now is time for banks to replace core system according to Accenture
https://www.garlic.com/~lynn/2010.html#77 Korean bank Moves back to Mainframes (...no, not back)
https://www.garlic.com/~lynn/2010b.html#16 How long for IBM System/360 architecture and its descendants?
https://www.garlic.com/~lynn/2010b.html#19 STEM crisis
https://www.garlic.com/~lynn/2010c.html#8 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010c.html#78 SLIGHTLY OT - Home Computer of the Future (not IBM)
https://www.garlic.com/~lynn/2010g.html#37 16:32 far pointers in OpenWatcom C/C++
https://www.garlic.com/~lynn/2010h.html#47 COBOL - no longer being taught - is a problem
https://www.garlic.com/~lynn/2010h.html#78 Software that breaks computer hardware( was:IBM 029 service manual )
https://www.garlic.com/~lynn/2010i.html#41 Idiotic programming style edicts
https://www.garlic.com/~lynn/2010k.html#3 Assembler programs was Re: Delete all members of a PDS that is allocated
https://www.garlic.com/~lynn/2010l.html#14 Age
https://www.garlic.com/~lynn/2010m.html#13 Is the ATM still the banking industry's single greatest innovation?
https://www.garlic.com/~lynn/2010m.html#37 A Bright Future for Big Iron?
https://www.garlic.com/~lynn/2011.html#19 zLinux OR Linux on zEnterprise Blade Extension???
https://www.garlic.com/~lynn/2011.html#42 Looking for a real Fortran-66 compatible PC compiler (CP/M or DOSor Windows
https://www.garlic.com/~lynn/2011c.html#35 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011c.html#45 If IBM Hadn't Bet the Company
https://www.garlic.com/~lynn/2011e.html#15 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/2011e.html#19 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/2011e.html#91 Mainframe Fresher
https://www.garlic.com/~lynn/2011e.html#93 Itanium at ISSCC
https://www.garlic.com/~lynn/2011f.html#1 Itanium at ISSCC
https://www.garlic.com/~lynn/2011f.html#32 At least two decades back, some gurus predicted that mainframes would disappear
https://www.garlic.com/~lynn/2011h.html#8 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/2011i.html#52 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/2011k.html#70 New IBM Redbooks residency experience in Poughkeepsie, NY
https://www.garlic.com/~lynn/2011n.html#10 Has anyone successfully migrated off mainframes?
https://www.garlic.com/~lynn/2011n.html#23 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011o.html#9 John R. Opel, RIP
https://www.garlic.com/~lynn/2011o.html#79 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#8 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2011p.html#12 Why are organizations sticking with mainframes?
https://www.garlic.com/~lynn/2012e.html#49 US payments system failing to meet the needs of the digital economy
https://www.garlic.com/~lynn/2012f.html#0 Burroughs B5000, B5500, B6500 videos
https://www.garlic.com/~lynn/2012f.html#24 Time to competency for new software language?
https://www.garlic.com/~lynn/2012f.html#36 Time to competency for new software language?
https://www.garlic.com/~lynn/2012j.html#69 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012j.html#77 Monopoly/ Cartons of Punch Cards
https://www.garlic.com/~lynn/2012l.html#31 X86 server
https://www.garlic.com/~lynn/2012l.html#47 I.B.M. Mainframe Evolves to Serve the Digital World
https://www.garlic.com/~lynn/2012n.html#18 System/360--50 years--the future?
https://www.garlic.com/~lynn/2012n.html#24 System/360--50 years--the future?
https://www.garlic.com/~lynn/2012n.html#56 Under what circumstances would it be a mistake to migrate applications/workload off the mainframe?
https://www.garlic.com/~lynn/2013b.html#42 COBOL will outlive us all
https://www.garlic.com/~lynn/2013c.html#84 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#57 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013g.html#6 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013g.html#50 The cloud is killing traditional hardware and software
https://www.garlic.com/~lynn/2013h.html#42 The Mainframe is "Alive and Kicking"
https://www.garlic.com/~lynn/2013i.html#49 Internet Mainframe Forums Considered Harmful
https://www.garlic.com/~lynn/2013m.html#35 Why is the mainframe so expensive?
https://www.garlic.com/~lynn/2013o.html#80 "Death of the mainframe"
https://www.garlic.com/~lynn/2014.html#3 We need to talk about TED
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/2014m.html#71 Decimation of the valuation of IBM
https://www.garlic.com/~lynn/2014m.html#119 Holy Grail for parallel programming language
https://www.garlic.com/~lynn/2014m.html#170 IBM Continues To Crumble
https://www.garlic.com/~lynn/2015.html#78 Is there an Inventory of the Inalled Mainframe Systems Worldwide
https://www.garlic.com/~lynn/2015c.html#65 A New Performance Model ?
https://www.garlic.com/~lynn/2015h.html#2 More "ageing mainframe" (bad) press
https://www.garlic.com/~lynn/2015h.html#112 Is there a source for detailed, instruction-level performance info?
https://www.garlic.com/~lynn/2016.html#25 1976 vs. 2016?
https://www.garlic.com/~lynn/2016b.html#48 Windows 10 forceful update?
https://www.garlic.com/~lynn/2016d.html#84 The mainframe is dead. Long live the mainframe!
https://www.garlic.com/~lynn/2016g.html#23 How to Fix IBM
https://www.garlic.com/~lynn/2016h.html#72 Why Can't You Buy z Mainframe Services from Amazon Cloud Services?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Kabuki Theater Date: 28 Jan 2017 Blog: FacebookLocal DC news will periodically refer to Congress as Kabuki Theater ... what you see has very little to do with what is really going on. The appearance of conflict between the two parties is more like Roman Circus keeping the public distracted.
Jan2009 I was asked to HTML'ize the Pecora Hearings (30s congressional
hearings into '29crash, resulted in criminal convictions and
Glass-Steagall act) with lots of internal HREFs and URLs between what
went on then and what went on this time (comments that the new
congress might have appetite to do something). I work on it for awhile
and then get a call that it won't be needed after all (reference to
enormous mountains of wallstreet cash totally burying capital hill).
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
S&L crisis
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Sat, 28 Jan 2017 16:23:37 -0800Jon Elson <elson@pico-systems.com> writes:
this has description of 3081 ... basically FS simulator that was
extremely inefficient and manufacturing costs were much higher
... especially compared to clone competition
http://www.jfsowa.com/computer/memo125.htm
The 370 emulator minus the FS microcode was eventually sold in 1980 as
as the IBM 3081. The ratio of the amount of circuitry in the 3081 to its
performance was significantly worse than other IBM systems of the time;
its price/performance ratio wasn't quite so bad because IBM had to cut
the price to be competitive. The major competition at the time was from
Amdahl Systems -- a company founded by Gene Amdahl, who left IBM shortly
before the FS project began, when his plans for the Advanced Computer
System (ACS) were killed. The Amdahl machine was indeed superior to the
3081 in price/performance and spectaculary superior in terms of
performance compared to the amount of circuitry.]
... snip ..
FS posts
https://www.garlic.com/~lynn/submain.html#futuresys
the 308x originally was only to ship multiprocessors and never ship single processor product. the problem was that ACP/TPF (airline control program & being used for some financial networks) didn't have multiprocessor support ... and they were afraid the whole ACP/TPF market would move to clone makers (that continued to offer single processor machine). There was quick&dirty effort to come out with 3083 by removing one of the processors from 3081 (one of the 1st issues was processor0 was at the top of the machine ... just removing processor1 in the middle would have made the machine dangerously top-heavy)
and
https://people.cs.clemson.edu/~mark/acs_end.html
Adding the third even smaller computer came out with normal profit! IBM
management decided not to do it, for it would advance the computing
capability too fast for the company to control the growth of the
computer marketplace, thus reducing their profit potential. I then
recommended that the ACS lab be closed, and it was.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Sun, 29 Jan 2017 11:23:20 -0800Dan Espen <despen@verizon.net> writes:
Amdahl was working on 360 compatibility from the start ... but was "disregarded" ... it wasn't until 1968 that he won the "shootout" with the ACS-1 faction.
the description has the ACS-1 group designing a non-compatible machine,
it was Amdahl that was responsible for a 360 compatible ... and various
folklore talks about shoot-out between ACS-1 and ACS-360 ... with Amdahl
winning. Amdahl extended ACS-360 design to also include 1/3rd speed and
1/9th speed to address the whole 360 makret (rather than just high end
supercomputer). reference to "shootout"
https://people.cs.clemson.edu/~mark/acs_end.html
Amdahl: We ended up having a shoot-out. The two of us who did the
360-compatible version won. We established that in fact we could achieve
more performance at lower cost.
...
Bob Evans came out to ACS with about five technical people and they held
a shoot-out. We won and I was made the lab manager. The first thing I
did was have the two smaller computers costed. I then submitted the
three system plan to corporate pricing. The single highest speed
computer was a loss leader. The second smaller computer added made a
break-even program. Adding the third even smaller computer came out with
normal profit! IBM management decided not to do it, for it would advance
the computing capability too fast for the company to control the growth
of the computer marketplace, thus reducing their profit potential. I
then recommended that the ACS lab be closed, and it was.
... snip ...
and
https://people.cs.clemson.edu/~mark/acs.html
Amdahl's opinions about the advantages of compatibility were disregarded
in 1965, and by 1967 he was quarantined by the ACS leadership because of
his continued advocacy for compatibility. In early 1968, he began
discussing a compatible design with John Earle, who sketched out a
five-gate-level pipelined implementation. In May 1968, IBM east-coast
management approved a "shoot-out" between ACS-1 and AEC/360 (the
"Amdahl-Earle Computer" proposal).
Amdahl and Earle won the shoot-out, and a decision was made to convert
the project to S/360 compatibility. Gone were the extended floating
point formats and the unique ACS-1 instruction set design. Several
members of the hardware and software architecture team left at this
point, but the project continued under Amdahl's leadership. The
compatible design was called the ACS/360, and several of the ACS
innovations undergirded the design. For example, like the ACS-1, the
ACS/360 was planned as the first computer with multiple instruction
decoding and issue, and it would also have been the first to use a
branch target buffer (called at that time "prefetch sequence control
registers").
In May 1969, IBM east-coast management rejected Amdahl's plan for three
ACS/360 models, and the project was canceled. However, the legacy of
the ACS project extended beyond the cancellation, although sometimes
without recognition that the ideas were developed as part of ACS or
descended from ACS work. Some of these ideas include multiple condition
code registers, dynamic instruction scheduling techniques, numerous
compiler optimization techniques, branch target buffer design, I/O to
cache techniques, MECL-III high-speed ECL circuits, scan-out and FRU
(Field Replaceable Unit) techniques.
... snip ...
Ferguson/Morris 1993 "Computer Wars: The Post-IBM World"
https://www.amazon.com/Computer-Wars-The-Post-IBM-World/dp/1587981394
Describes Future System was completely different and was going to completely replace 370 ... and 370 efforts were being shutdown ... and the lack of 370 products during the period allowed clone processors to gain market foothold.
The rise and fall of IBM (by senior IBM executive)
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
Talks about the major motivation for Future System was competition from clone controllers, the objective was to so change the architecture and make the interface between processor and I/O controllers so complex that there would be no (easy) entry for clone controllers.
past FS posts
https://www.garlic.com/~lynn/submain.html#futuresys
I've posted before about doing clone controller as undergraduate
at the Univ. starting with Interdata/3 ... and four of us getting
written up for (some part of) clone controller business. It
evolved into Interdata/4 (handling channel interface) and cluster
of Interdata/3s handling port/line scanner function. past
clone controller posts
https://www.garlic.com/~lynn/submain.html#360pcm
I also periodically tell the story about Amdahl having seminar in large MIT auditorium in the early 70s talking about his new clone mainframe company. At one point somebody in the audience asked how he convinced the money people to back his company. He replied that even if IBM walked completely away from 360, there was enough customer 360 software it would keep him in business through the end of the century. This sort of implies that he knew that Future System was in the works, but he claims that he didn't know anything about it. He was also given bad time with questions about becoming almost totally foreign company (with major ownership and all manufacturing from outside the country).
and ... I periodically contend that John Cocke
https://en.wikipedia.org/wiki/John_Cocke
He is considered by many to be "the father of RISC"
... snip ..
started designing 801/risc during Future System period that would
be the exact opposite of the Future System complexity. I joined
the RS/6000 group in the 80s ... and my HSDT project
https://www.garlic.com/~lynn/subnetwork.html#hsdt
is credited with helping bring the RIOS chip design in a year early. HSDT had 7M satellite dish next to the engineering bldg in Austin and 4.5M dish in Los Gatos running high-speed satellite links. Austin group used the link to constantly ship design to the logic simulators (for validation) in Los Gatos and San Jose.
I then had the HA/CMP doing RS/6000 high availability and cluster
scale-up for both commercial and scientific/technical
https://www.garlic.com/~lynn/subtopic.html#hacmp
also
https://people.cs.clemson.edu/~mark/acs_end.html
Sidebar: Multithreading
In summer 1968, Ed Sussenguth investigated making the ACS/360 into a
multithreaded design by adding a second instruction counter and a second
set of registers to the simulator. Instructions were tagged with an
additional "red/blue" bit to designate the instruction stream and
register set; and, as was expected, the utilization of the functional
units increased since more independent instructions were available.
... snip ...
I've periodically mentioned that I got sucked into effort to do multithreaded 370/195 (that was never announced or shipped).
and
Sidebar: ES/9000 high-end processors
The ACS/360 structure appears to have influenced the design of the IBM
ES/9000 high-end ("520-based") processors some twenty-odd years
later. The ES/9000 high-end processors were structured as:
I-decoding
128 KB I-cache
4 K entry BHT; presence of branch in BHT indicates predict-taken
five 64-bit instruction buffers
ability to decode up to two instructions per cycle (e.g., a branch can
be decoded in parallel with preceding instruction but not with following
instruction)
instructions tagged with two predicted-branch-path bits
ACE, with three effective address adders
I-ACE with two-entry queue; can execute LA instructions on its own
D-ACE with four-entry queue
SXE-ACE
BXE, for controlling branch prediction and resolution
can execute BC instuctions on its own
GXE, for executing fixed-point instructions
six-deep instruction queue, which can start up to two instructions per
cycle in certain cases (e.g., one instruction has a general register
result and the other has a storage result)
FXE, for executing floating-point instructions
six-deep instruction queue, which can start up to one instruction per
cycle
SXE, for executing the storage-to-storage, decimal, and system control
instructions register renaming
32 32-bit physical fixed-point registers (for 16 architected registers)
16 64-bit physical floating-point registers (for 4 architected registers)
two backup register assignment lists kept, one per predicted branch path
(i.e., provides branch misprediction recovery)
ability to complete (i.e., retire) up to two instructions per cycle
synchronous interrupts recognized when instruction completes
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Sun, 29 Jan 2017 11:35:12 -0800re:
The rise and fall of IBM (by senior IBM executive)
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
found where they moved it
http://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Mon, 30 Jan 2017 10:31:08 -0800jmfbahciv <See.above@aol.com> writes:
had joint distributed project with Endicott ... early use of
the VNET (internal network, larger than arpanet/internet from
just about the beginning until sometime 85 or 86)
https://www.garlic.com/~lynn/subnetwork.html#internalnet
that developed CP67 virtual machine emulation for 370 architecture. Then there was CP67 kernel modification to run in those 370 virtual machines.
Cambridge 360/67 regularly ran
"cp67l" system on real hardware
"cp67h" system in 360/67 virtual machine supported virtual 370
"cp67i" system running in 370 virtual machine
cp67h didn't normally run in cambridge machine because there were
students and professors from boston/cambridge area univ. also using the
machine ... and there was need extra security to isolate support for
unannounced 370 virtual memory.
cp67h/cp67i was regularly running for a year before the first engineering 370/145 with virtual memory was operational. In fact when engineering 370/145 was deemed operational, cp67i boot was used first used to test ... and it immediately failed. It turned out that engineers had reversed implementation of two of the new "B2" opcodes ... that problem was quickly identified and cp67i was quickly patched to match the (incorrect) implementation.
As 370/145s were becoming available internal (still not shipped to customers), lots of places were running cp67i ... and two engineers came out from San Jose to add 3330 & 2305 support to cp67i which became cp67sj.
Later 370/165 was having loads of problems retrofitting virtual memory support ... and the decision was made to cut a lot of features from base 370 virtual memory architecture ... to cut 6months from the 370/165 time (allowing virtual memory support to be announced and shipped earlier). That met that all the other machines & software that had already implemented the additional features ... had to be redone.
Also, as part of cp67l/cp67h/cp67i effort, the original CMS multilevel
source update processing was developed ... trivia: melinda varian,
author of vm history paper,
https://web.archive.org/web/20050924051057/http://www.princeton.edu/~melinda/index.html
contacted me in the mid-80s about the original multilevel source update ... which I turned out to have in archives. I pulled it off and transmitted to her. It was lucky timing, I had triple-redundant archive tapes ... all in the IBM Almaden tape-library. Unfortunately Almaden was to have operational problem where random tapes were being mounted as scratch ... and within a couple months all those tapes were over written.
past posts mentioning cp67l/cp67h/cp67i
https://www.garlic.com/~lynn/2002j.html#0 HONE was .. Hercules and System/390 - do we need it?
https://www.garlic.com/~lynn/2004b.html#31 determining memory size
https://www.garlic.com/~lynn/2004h.html#27 Vintage computers are better than modern crap !
https://www.garlic.com/~lynn/2004p.html#50 IBM 3614 and 3624 ATM's
https://www.garlic.com/~lynn/2005c.html#59 intel's Vanderpool and virtualization in general
https://www.garlic.com/~lynn/2005g.html#17 DOS/360: Forty years
https://www.garlic.com/~lynn/2005h.html#18 Exceptions at basic block boundaries
https://www.garlic.com/~lynn/2005i.html#39 Behavior in undefined areas?
https://www.garlic.com/~lynn/2005j.html#50 virtual 360/67 support in cp67
https://www.garlic.com/~lynn/2005p.html#27 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2006.html#38 Is VIO mandatory?
https://www.garlic.com/~lynn/2006e.html#7 About TLB in lower-level caches
https://www.garlic.com/~lynn/2006f.html#5 3380-3390 Conversion - DISAPPOINTMENT
https://www.garlic.com/~lynn/2006l.html#21 Virtual Virtualizers
https://www.garlic.com/~lynn/2006m.html#26 Mainframe Limericks
https://www.garlic.com/~lynn/2006o.html#19 Source maintenance was Re: SEQUENCE NUMBERS
https://www.garlic.com/~lynn/2006q.html#1 Materiel and graft
https://www.garlic.com/~lynn/2006q.html#45 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2006q.html#49 Was FORTRAN buggy?
https://www.garlic.com/~lynn/2006w.html#3 IBM sues maker of Intel-based Mainframe clones
https://www.garlic.com/~lynn/2007b.html#20 How many 36-bit Unix ports in the old days?
https://www.garlic.com/~lynn/2007f.html#12 FBA rant
https://www.garlic.com/~lynn/2007i.html#16 when was MMU virtualization first considered practical?
https://www.garlic.com/~lynn/2007p.html#74 GETMAIN/FREEMAIN and virtual storage backing up
https://www.garlic.com/~lynn/2007q.html#23 GETMAIN/FREEMAIN and virtual storage backing up
https://www.garlic.com/~lynn/2008i.html#68 EXCP access methos
https://www.garlic.com/~lynn/2008i.html#69 EXCP access methos
https://www.garlic.com/~lynn/2009i.html#36 SEs & History Lessons
https://www.garlic.com/~lynn/2009r.html#38 While watching Biography about Bill Gates on CNBC last Night
https://www.garlic.com/~lynn/2009r.html#49 "Portable" data centers
https://www.garlic.com/~lynn/2009s.html#1 PDP-10s and Unix
https://www.garlic.com/~lynn/2009s.html#3 "Portable" data centers
https://www.garlic.com/~lynn/2009s.html#17 old email
https://www.garlic.com/~lynn/2010b.html#51 Source code for s/360
https://www.garlic.com/~lynn/2010b.html#63 Source code for s/360 [PUBLIC]
https://www.garlic.com/~lynn/2010d.html#60 LPARs: More or Less?
https://www.garlic.com/~lynn/2010e.html#23 Item on TPF
https://www.garlic.com/~lynn/2010g.html#31 Mainframe Executive article on the death of tape
https://www.garlic.com/~lynn/2010l.html#74 CSC History
https://www.garlic.com/~lynn/2011b.html#69 Boeing Plant 2 ... End of an Era
https://www.garlic.com/~lynn/2011b.html#72 IBM Future System
https://www.garlic.com/~lynn/2011f.html#80 TSO Profile NUM and PACK
https://www.garlic.com/~lynn/2011l.html#27 computer bootlaces
https://www.garlic.com/~lynn/2011o.html#34 Data Areas?
https://www.garlic.com/~lynn/2012k.html#62 Any cool anecdotes IBM 40yrs of VM
https://www.garlic.com/~lynn/2013.html#71 New HD
https://www.garlic.com/~lynn/2014d.html#22 [OT ] Mainframe memories
https://www.garlic.com/~lynn/2014d.html#57 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2015b.html#39 Connecting memory to 370/145 with only 36 bits
https://www.garlic.com/~lynn/2016e.html#124 Early Networking
https://www.garlic.com/~lynn/2016h.html#86 Computer/IBM Career
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Mon, 30 Jan 2017 10:53:44 -0800Stephen Wolstenholme <steve@easynn.com> writes:
there was thermal sensor on the inner loop ... however at one customer they lost flow on the external water side ... and by the time the (internal) thermal sensor was tripped ... but by then it was too late ... the capacity of the inner loop couldn't handle the heat in the system and fried a bunch of circuits. after that they put flow sensors on the external water side.
308x started with (liquid cooled) thermal conducting modules. some
past posts
https://www.garlic.com/~lynn/2000b.html#37 How to learn assembler language for OS/390 ?
https://www.garlic.com/~lynn/2001k.html#7 hot chips and nuclear reactors
https://www.garlic.com/~lynn/2002b.html#5 Microcode? (& index searching)
https://www.garlic.com/~lynn/2010d.html#43 What was old is new again (water chilled)
https://www.garlic.com/~lynn/2011m.html#21 Supervisory Processors
https://www.garlic.com/~lynn/2014.html#31 Hardware failures (was Re: Scary Sysprogs ...)
IBM Field Service had bootstrap diagnostic process ... that started with scoping for failed components. with everything inside thermal conducting modules, that was no longer process. That started the "serivce processor" for 3081 ... a computer that could be scoped/diagnosed ... which then connected to lots of probes into the termal conducting moduels ... which then used to diagnose those modules. The 3081 service processor had ROI software where everything had to be invented from scratch. For the 3090, they decided to use a 4331 running a modified version of vm370 release 6 and all service software running in CMS. Before customer ship, they moved to a pair of redundant 4361s (in place of 4331). One of the 3090 requirements for the 3092 (4361 service processors) was a pair of 3370 FBA disks ... even for MVS installations (MVS never had FBA disk support)
past posts discussion FBA disks, CKD disks, multi-track search,
https://www.garlic.com/~lynn/submain.html#dasd
past posts mentioning 3092
https://www.garlic.com/~lynn/2008i.html#10 Different Implementations of VLIW
https://www.garlic.com/~lynn/2009e.html#50 Mainframe Hall of Fame: 17 New Members Added
https://www.garlic.com/~lynn/2010e.html#34 Need tool to zap core
https://www.garlic.com/~lynn/2011c.html#71 IBM and the Computer Revolution
https://www.garlic.com/~lynn/2011e.html#62 3090 ... announce 12Feb85
https://www.garlic.com/~lynn/2011k.html#13 Last card reader?
https://www.garlic.com/~lynn/2011m.html#21 Supervisory Processors
https://www.garlic.com/~lynn/2012b.html#58 Why can't the track format be changed?
https://www.garlic.com/~lynn/2012c.html#23 M68k add to memory is not a mistake any more
https://www.garlic.com/~lynn/2012e.html#38 A bit of IBM System 360 nostalgia
https://www.garlic.com/~lynn/2012m.html#0 PDP-10 system calls, was 1132 printer history
https://www.garlic.com/~lynn/2013h.html#27 Getting at the original command name/line
https://www.garlic.com/~lynn/2013o.html#30 GUI vs 3270 Re: MVS Quick Reference, was: LookAT
https://www.garlic.com/~lynn/2014.html#31 Hardware failures (was Re: Scary Sysprogs ...)
https://www.garlic.com/~lynn/2014e.html#14 23Jun1969 Unbundling Announcement
https://www.garlic.com/~lynn/2016f.html#7 More IBM DASD RAS discussion
https://www.garlic.com/~lynn/2016f.html#86 3033
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Mon, 30 Jan 2017 11:32:10 -0800hancock4 writes:
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: The ICL 2900 Newsgroups: alt.folklore.computers Date: Mon, 30 Jan 2017 12:27:53 -0800Jon Elson <elson@pico-systems.com> writes:
I've mentioned before being asked over in mainframe mailing list about
decision to migrate all 370s to virtual memory (modulo 370/195 which was
much bigger problem than even 370/165 mentioned recently). Response was
that MVT had really horrible storage allocation and typical regions were
four times larger than needed to offset the storage allocation
problem. A typical 370/165 with 1mbyte memory only ran four regions ..
however migrating to virtual memory ... it could increase number regions
by a factor of four and still do little or no paging.
https://www.garlic.com/~lynn/2011d.html#73 Multiple Virtual Memory
https://www.garlic.com/~lynn/2011d.html#74 Multiple Virtual Memory
https://www.garlic.com/~lynn/2011d.html#81 Multiple Virtual Memory
Initial move of MVT to virtual memory was SVS ... was essentially MVT operating in single 16mbyte virtual address space ... a little bit of software to create/manage that virtual address space. The biggest effort involved MVT I/O paradigm where applications either directly or indirectly (via library sofware) built their own CCWs (i/o channel programs) and executing EXCP/SVC0 kernel call to executie the I/O.
The CCWs work with "real" addresses, but SVS applications were building CCWs with virtual addresses. EXCP processing then needed to make a copy of the passed channel programs ... substituting real addresses for the virtual addresses. This was the largest amount of code needed ... and they borrowed the equivalent routines from CP67 (CCWTRANS) for the bases of their implementation.
I later got into big dustup with the MVS RAS (reliability, availability,
serviceability) group when I rewrote I/O supervisor for disk engineering
labs. ... posts getting to play disk enginneer
https://www.garlic.com/~lynn/subtopic.html#disk
They had bunch of 370 machines scheduled around the clock (7x24) for testing. They had tried MVS hoping to enable multiple concurrent testing ... but MVS had 15min MTBF (in that environment) requiring manual reboot. I offered to rewrite I/O supervisor making it bullet proof and never fail ... enabling on-demand, concurrent testing, greatly improving productivity. I wrote an internal paper on all the details and happened to mention the MVS 15min MTBF ... which brings the wrath of the MVS group down on my head (i was told that they tried to have me separated from the IBM company, but were unable ... but they held a grudge and used their influence in other ways).
upthread ... mention troubles retrofitting virtual memory to 370/165
resulted in dropping lots of features from original 370 virtual memory
architecture
https://www.garlic.com/~lynn/2017.html#87 The ICL 2900
trivia: big change going from 165 to 168 was changing from 2micosec
memory to 480 nanosec memory.
https://en.wikipedia.org/wiki/IBM_System%2F370_Model_168
https://www-03.ibm.com/ibm/history/exhibits/mainframe/mainframe_PP3168.html
big change going from 168-1 to 168-3 was doubling cache size from 16kbytes to 32kbytes. To do that they used the 2k bit in the address ... which only worked with 4k virtual pages (didn't work in 2k virtual pages) ... so it was very much a MVS machine. There was a large customer running VS1 (that used 2k virtual pages) under vm370 and upgraded from 168-1 to 168-3 and saw significant throughput decrease. The additional problem was that vm370 normally had control register in 4k mode ... but would switch to 2k mode when running virtual operating system that used 2k. The 168-3 problem was that every time page size mode was change, the complete cache had to be flushed.
I mentioned earlier working with the 3033 processor engineers
https://www.garlic.com/~lynn/2017.html#75 The ICL 2900
who were remapping 168-3 logic to 20% faster chips (and previously were 168 engineers) ... they mentioned one of the other things moving from 165 to 168 was optimization of the 370 microcode implementation that reduced avg 370 instruction machine cycles from 2.1 machine cycles to 1.6 machine cycles/370-instruction
other posts in this thread:
https://www.garlic.com/~lynn/2017.html#58 The ICL 2900
https://www.garlic.com/~lynn/2017.html#59 The ICL 2900
https://www.garlic.com/~lynn/2017.html#60 The ICL 2900
https://www.garlic.com/~lynn/2017.html#61 The ICL 2900
https://www.garlic.com/~lynn/2017.html#74 The ICL 2900
https://www.garlic.com/~lynn/2017.html#81 The ICL 2900
https://www.garlic.com/~lynn/2017.html#82 The ICL 2900
https://www.garlic.com/~lynn/2017.html#84 The ICL 2900
https://www.garlic.com/~lynn/2017.html#85 The ICL 2900
https://www.garlic.com/~lynn/2017.html#86 The ICL 2900
https://www.garlic.com/~lynn/2017.html#88 The ICL 2900
https://www.garlic.com/~lynn/2017.html#89 The ICL 2900
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: PDP-10 enthusiasts resurrect ancient MIT operating system Newsgroups: alt.folklore.computers Date: Tue, 31 Jan 2017 08:32:09 -0800PDP-10 enthusiasts resurrect ancient MIT operating system Incompatible Timesharing System now compatible with modern machines
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump's Rollback of the Neoliberal Market State Date: 31 Jan 2017 Blog: FacebookTrump's Rollback of the Neoliberal Market State
disclaimer: 1999 I was asked to try and help prevent the coming
economic mess by improving the integrity of securitized mortgages
supporting documents. securitized mortgages had been used during the
S&L crisis to obfuscate fraudulent mortgages (posterchild was
office bldgs in Dallus/FtWorth that turn out to be empty lots). They
then find that they can pay rating agencies for triple-A ratings (when
rating agencies know that they aren't worth triple-A, from Oct2008
congressional testimony). Triple-A rating trumps supporting
documentation and they can start doing no-documentation liar loans. It
was major factor in being able to do over $27T 2001-2008 (especially
selling to institutions restricted to dealing only in "safe"
investments, like large pension funds). From the law of unintended
consequences, the largest TBTF economic mess fines so far are
for the robo-signing mills fabricating the missing documents (also top
item regarding current SECTREAS nomination).
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
There was facade that $700B TARP funds were appropriated to buy the
TBTF offbook toxic assets but just the four largest TBTF
were still carrying $5.2T ye2008. Also Jan2009 there was news about it
was too hard to evaluate value of these offbook toxic assets for
purchase ... but is was "too hard" because they were no-documentation,
liar loans (also several tens of billions in offbook toxic assets had
gone for 22cents on the dollar late summer 2008; if the offbook toxic
assets had been bought at that price, the TBTF would had been
declared insolvent and forced to be liquidated). In any case, TARP was
used for other purposes and the FED bought trillions in offbook toxic
assets at 98cents on the dollar and providing tens of trillions
in ZIRP funds. FED fought long hard legal battle to prevent
disclosure of what they were doing. When they lost, the FED Chairman
held press conference to say that he thought the TBTF would use
the ZIRP funds to help mainstreet, when they didn't, he had no
way to force them (but that didn't stop the ZIRP funds).
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
and
https://www.garlic.com/~lynn/submisc.html#fed.chairman
and
https://www.garlic.com/~lynn/submisc.html#zirp
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times
larger than the S&L crisis. S&L crisis had 1000 criminal convictions
with jailtime, proportionally the economic mess should have 70,000.
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Jan2009 (decade after being asked to try & help prevent the economic
mess), I'm asked to HTML'ize the Pecora Hearings (30s congressional
hearings into '29crash, resulted in Glass-Steagall and criminal
convictions) with lots of internal HREFs and URLs between what
happened then and what happened this time (comments that the new
congress might have appetite to do something). I work on it awhile and
then get call saying it won't be needed after all (comments that
capital hill was buried under enormous mountains of wallstreet cash).
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Paying for triple-A (and immediately selling everything off), allowed lenders no longer to care about borrower's qualification and/or loan quality. Then they found they could design securitized mortgages to fail, pay for triple-A, sell to their victims and take-out CDS gambling debts that they would fail (now they cared about loan quality, but not exactly as you would expect). The largest holder of CDS gambling bets was AIG. AIG was negotiating to payoff at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the gambling bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the largest recipient of face value payoffs was firm formerly headed by SECTREAS.
Friedman
https://en.wikipedia.org/wiki/Milton_Friedman
Friedman promoted an alternative macroeconomic viewpoint known as
"monetarism", and argued that a steady, small expansion of the money
supply was the preferred policy.[12] His ideas concerning monetary
policy, taxation, privatization and deregulation influenced government
policies, especially during the 1980s.
... snip ...
"The Undoing Project" goes into some detail how Kahneman and Tversky disproved Economists' assumption that people make rational decisions ... dubunking Friedman's financial theories assuming rational man ... getting Kahneman (a psychologist) Nobel Prize in economics.
Economists and the Powerful: Convenient Theories, Distorted Facts,
Ample Rewards
https://www.amazon.com/Economists-Powerful-Convenient-Distorted-Economics-ebook/dp/B01B4X4KOS/
loc1200-1206:
There are plenty of examples from other countries to copy: the US
individual retirement account system is based on the Chilean pension
reform of 1980/81 that in turn was based heavily on proposals made in
the book Capitalism and Freedom by Milton Friedman. In response to the
Chilean system facing a likely collapse in a few decades time, it was
substantially overhauled in 2008 to require mandatory participation of
all citizens in exchange for universal pension coverage.
... snip ...
past posts mentioning Friedman:
https://www.garlic.com/~lynn/2008c.html#16 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008c.html#63 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008o.html#18 Once the dust settles, do you think Milton Friedman's economic theories will be laid to rest
https://www.garlic.com/~lynn/2011.html#54 speculation: z/OS "enhancments"
https://www.garlic.com/~lynn/2011m.html#68 Bernanke Hearings
https://www.garlic.com/~lynn/2012p.html#64 IBM Is Changing The Terms Of Its Retirement Plan, Which Is Frustrating Some Employees
https://www.garlic.com/~lynn/2013.html#2 Search Google, 1960:s-style
https://www.garlic.com/~lynn/2013f.html#34 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2015f.html#29 Eric Holder Returns as Hero to Law Firm That Lobbies for Big Banks
https://www.garlic.com/~lynn/2015f.html#36 Eric Holder, Wall Street Double Agent, Comes in From the Cold
https://www.garlic.com/~lynn/2016d.html#72 Five Outdated Leadership Ideas That Need To Die
https://www.garlic.com/~lynn/2017.html#17 Destruction of the Middle Class
https://www.garlic.com/~lynn/2017.html#24 Destruction of the Middle Class
https://www.garlic.com/~lynn/2017.html#26 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017.html#29 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017.html#31 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017.html#34 If economists want to be trusted again, they should learn to tell jokes
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Undoing Project: A Friendship That Changed Our Minds Kindle Edition Date: 31 Jan 2017 Blog: FacebookThe Undoing Project: A Friendship That Changed Our Minds Kindle Edition
"The Undoing Project" goes into some detail how Kahneman and Tversky
disproved Economists' assumption that people make rational decisions
... loc1155-59:
He had listened to an American economist talk about how so-and-so was
stupid and so-and-so was a fool, then said, "All your economic models
are premised on people being smart and rational, and yet all the
people you know are idiots." Kahneman (a psychologics) gets Nobel
Prize in economics, in part for debunking Friedman economic theories
that assumed rational people.
... snip ...
Another part of "undoing" has to do with when faced with missing
information ... people frequently attempt to force fit something
familiar and certain for the unknown. loc2769-71:
After he had heard Amos explain how the mind arranged historical facts
in ways that made past events feel a lot less uncertain, and a lot
more predictable, than they actually were, Biederman felt certain that
his and Danny's work could infect any discipline in which experts were
required to judge the odds of an uncertain situation—which is to say,
great swaths of human activity.
... snip ...
I've periodical claimed something similar carries over into Relational
DBMS, I was involved in the original SQL/relational
implementation. past posts:
https://www.garlic.com/~lynn/submain.html#systemr
I've partially characterized as taking shortcuts to improve performance for financial transactions by going to regular tables with uniform information. One of the long-term problems is that unknowns/nulls are constantly advised against ... in part because SQL queries will frequently result in the inverse of what a human would expect. trivia: at the some time as original SQL/relational implementation, I also got con'ed into helping implement a graph (rather than table) relational DBMS ... which handles 3-value logic and is significantly better at handling unknown and non-uniform information.
past posts mentioning 3-value logic:
https://www.garlic.com/~lynn/2003g.html#40 How to cope with missing values - NULLS?
https://www.garlic.com/~lynn/2004l.html#75 NULL
https://www.garlic.com/~lynn/2005.html#15 Amusing acronym
https://www.garlic.com/~lynn/2005i.html#35 The Worth of Verisign's Brand
https://www.garlic.com/~lynn/2005m.html#19 Implementation of boolean types
https://www.garlic.com/~lynn/2005t.html#20 So what's null then if it's not nothing?
https://www.garlic.com/~lynn/2005t.html#23 So what's null then if it's not nothing?
https://www.garlic.com/~lynn/2005t.html#33 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2006e.html#34 CJ Date on Missing Information
https://www.garlic.com/~lynn/2006q.html#22 3 value logic. Why is SQL so special?
https://www.garlic.com/~lynn/2006s.html#27 Why these original FORTRAN quirks?
https://www.garlic.com/~lynn/2006x.html#21 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2006x.html#30 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2006y.html#1 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2009c.html#34 Is the Relational Database Doomed?
https://www.garlic.com/~lynn/2009g.html#32 Old-school programming techniques you probably don't miss
https://www.garlic.com/~lynn/2009p.html#70 My War On SQL
https://www.garlic.com/~lynn/2009r.html#30 SQL injection attack claims 132,000+
https://www.garlic.com/~lynn/2009r.html#65 You know you've been Lisp hacking to long when
https://www.garlic.com/~lynn/2012o.html#8 Initial ideas (orientation) constrain creativity
https://www.garlic.com/~lynn/2013o.html#6 "hexadecimal"?
https://www.garlic.com/~lynn/2014c.html#77 Bloat
https://www.garlic.com/~lynn/2014d.html#55 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2014m.html#123 Holy Grail for parallel programming language
https://www.garlic.com/~lynn/2014m.html#152 Is true that a real programmer would not stoop to wasting machine capacity to do the assembly?
https://www.garlic.com/~lynn/2014m.html#175 Holy Grail for parallel programming language
https://www.garlic.com/~lynn/2015b.html#63 Do we really?
https://www.garlic.com/~lynn/2016b.html#24 You thought IEFBR14 was bad? Try GNU's /bin/true code
https://www.garlic.com/~lynn/2016c.html#13 Computers anyone?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Tue, 31 Jan 2017 16:11:44 -0800hancock4 writes:
When I was writing the financial industry privacy standard (originally x9.99, which was going to ISO standard, so needed to take into account other countries) .... financial industry somewhat ambivalent ... they wanted a standard they could point to and saying they were meeting ... but they didn't want it too strong.
Something similar happened when we were brought in to word-smith some cal. state legislation ... some of the things they were working on was electronic signature act, data breach notification act (first in country), and opt-in personal information sharing (privacy).
at the time, they had done detailed privacy-related public surveys and
the #1 issue was fraudulent financial transactions as result of breaches
... and there was little or nothing being done about it. Issue was that
normally entities take security measures in self protection ... however
in the case of breaches, the institutions weren't at risk, it was the
public. It was hoped that publicity from notifications might prompt
corrective action. Since then there have been half dozen or so federal
data breach notifications bills introduced (none yet passed) that would
effectively eliminate most requirements for notification.
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
In the case of the opt-in personal information sharing act ... which would require a record on file indicating that you had approved divulging/sharing your personal information. Before it was able to pass ... a (federal preemption) "opt-out" provision was added to GLBA (now better known for repeal of glass-steagal) ... which allows sharing/divulging your information unless there is record on file of you objecting. Note at 2004 national privacy conference in DC, there was panel discussion with all the FTC commissioners. Somebody in the audience asked if they were going to do anything about "opt-out" ... he said that he worked for call-center technology company and all the major financial institution 1-800 "opt-out" operators weren't provided any mechanism for recording public objections (so there would never be a record objecting). The FTC commissioners just ignored him.
In any case, getting back to x9.99 draft ... as part of the effort there was meetings with the HEW/HHS people responsible for HIPAA. They said that it dates back to the 70s ... and it was constant battle with congress trying to get it passed ... and at the time, there was still no provisions for enforcing the security requirements. I also included in the x9.99 introduction the part from the cal. data breach notification act ... it was the public that was at risk, not the institutions ... and therefor they frequently had little motivation to do anything.
other posts mentioning x9.99
https://www.garlic.com/~lynn/aadsm17.htm#21 Identity (was PKI International Consortium)
https://www.garlic.com/~lynn/aadsm17.htm#45 x9.99 financial PIA standard now available from ANSI e-store
https://www.garlic.com/~lynn/aadsm17.htm#47 authentication and authorization ... addenda
https://www.garlic.com/~lynn/aadsm18.htm#28 x9.99 privacy note
https://www.garlic.com/~lynn/aadsm18.htm#32 EMV cards as identity cards
https://www.garlic.com/~lynn/aadsm19.htm#35 de-identification
https://www.garlic.com/~lynn/aadsm20.htm#2 US consumers want companies fined for security breaches
https://www.garlic.com/~lynn/aadsm25.htm#21 Identity v. anonymity -- that is not the question
https://www.garlic.com/~lynn/aadsm25.htm#26 Fraudwatch - how much a Brit costs, how to be a 419-er, Sarbanes-Oxley rises as fraud rises, the real Piracy
https://www.garlic.com/~lynn/aadsm25.htm#33 Mozilla moves on security
https://www.garlic.com/~lynn/aadsm26.htm#57 Our security sucks. Why can't we change? What's wrong with us?
https://www.garlic.com/~lynn/aadsm27.htm#51 Know Your Enemy: Scott McNeally on security theater
https://www.garlic.com/~lynn/aadsm28.htm#24 Fixing SSL (was Re: Dutch Transport Card Broken)
https://www.garlic.com/~lynn/aadsm28.htm#26 Fixing SSL (was Re: Dutch Transport Card Broken)
https://www.garlic.com/~lynn/aadsm28.htm#50 Liability for breaches: do we need new laws?
https://www.garlic.com/~lynn/aepay3.htm#aadsnwi AADS NWI vote
https://www.garlic.com/~lynn/2004l.html#8 x9.99 privacy impact assessemnt (PIA) standard
https://www.garlic.com/~lynn/2005l.html#36 More Phishing scams, still no SSL being used
https://www.garlic.com/~lynn/2005t.html#9 phishing web sites using self-signed certs
https://www.garlic.com/~lynn/2005u.html#18 XBOX 360
https://www.garlic.com/~lynn/2005v.html#3 ABN Tape - Found
https://www.garlic.com/~lynn/2006e.html#44 Does the Data Protection Act of 2005 Make Sense
https://www.garlic.com/~lynn/2006o.html#37 the personal data theft pandemic continues
https://www.garlic.com/~lynn/2006q.html#25 garlic.com
https://www.garlic.com/~lynn/2006v.html#39 On sci.crypt: New attacks on the financial PIN processing
https://www.garlic.com/~lynn/2007b.html#61 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007c.html#10 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007f.html#72 Securing financial transactions a high priority for 2007
https://www.garlic.com/~lynn/2007g.html#15 T.J. Maxx data theft worse than first reported
https://www.garlic.com/~lynn/2007o.html#13 EZPass: Yes, Big Brother IS Watching You!
https://www.garlic.com/~lynn/2007r.html#26 The new urgency to fix online privacy
https://www.garlic.com/~lynn/2007r.html#29 The new urgency to fix online privacy
https://www.garlic.com/~lynn/2007s.html#55 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007t.html#6 Translation of IBM Basic Assembler to C?
https://www.garlic.com/~lynn/2007v.html#44 Education ranking
https://www.garlic.com/~lynn/2007v.html#45 Education ranking
https://www.garlic.com/~lynn/2007v.html#94 folklore indeed
https://www.garlic.com/~lynn/2008c.html#47 Data Erasure Products
https://www.garlic.com/~lynn/2008d.html#4 Toyota Sales for 2007 May Surpass GM
https://www.garlic.com/~lynn/2008i.html#55 Is data classification the right approach to pursue a risk based information security program?
https://www.garlic.com/~lynn/2008m.html#66 With all the highly publicised data breeches and losses, are we all wasting our time?
https://www.garlic.com/~lynn/2008m.html#70 Why SSNs Are Not Appropriate for Authentication and when, where and why should you offer/use it?
https://www.garlic.com/~lynn/2008m.html#71 TJ Maxx - why are they still in business?
https://www.garlic.com/~lynn/2008p.html#2 Keeping private information private
https://www.garlic.com/~lynn/2008p.html#5 Privacy, Identity theft, account fraud
https://www.garlic.com/~lynn/2008p.html#7 Dealing with the neew MA ID protection law
https://www.garlic.com/~lynn/2009.html#62 IRS Mainframe Not Secure Enough
https://www.garlic.com/~lynn/2009b.html#29 is privacy a security attribute(component or ?). If yes, why? If no why not?
https://www.garlic.com/~lynn/2009b.html#59 As bonuses...why breed greed, when others are in dire need?
https://www.garlic.com/~lynn/2009b.html#60 OCR scans of old documents
https://www.garlic.com/~lynn/2009j.html#23 Database Servers: Candy For Hackers
https://www.garlic.com/~lynn/2009j.html#33 IBM touts encryption innovation
https://www.garlic.com/~lynn/2009o.html#50 WSJ.com The Fallacy of Identity Theft
https://www.garlic.com/~lynn/2009p.html#17 U.K. lags in information security management practices
https://www.garlic.com/~lynn/2010f.html#21 The 2010 Census
https://www.garlic.com/~lynn/2010m.html#2 Five Theses on Security Protocols
https://www.garlic.com/~lynn/2010m.html#56 About that "Mighty Fortress"... What's it look like?
https://www.garlic.com/~lynn/2010o.html#65 They always think we don't understand
https://www.garlic.com/~lynn/2010o.html#76 e-commerce smackdown as PCI standards revised
https://www.garlic.com/~lynn/2011i.html#45 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011i.html#68 Why the US needs a data privacy law -- and why it might finally get one
https://www.garlic.com/~lynn/2012d.html#49 Do you know where all your sensitive data is located?
https://www.garlic.com/~lynn/2012i.html#86 Should the IBM approach be given a chance to fix the health care system?
https://www.garlic.com/~lynn/2012l.html#47 I.B.M. Mainframe Evolves to Serve the Digital World
https://www.garlic.com/~lynn/2013i.html#61 Big Data Is Opening Doors, but Maybe Too Many
https://www.garlic.com/~lynn/2013i.html#65 The Real Snowden Question
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump, Wall Street and the "banking caucus" ready to rip apart Dodd-Frank Date: 01 Feb 2017 Blog: FacebookTrump, Wall Street and the "banking caucus" ready to rip apart Dodd-Frank
there is: "Confidence Men" pg430:
But they were fighting on too many fronts. Carl Levin of Michigan and
Jeff Merkley of Oregon had discovered that Dodd had discreetly gutted
the Volcker Rule, and the two set to work trying to counteract Dodd's
efforts. The Merkley-Levin Amendment articulated Volcker's idea fully
-- and wrote it as law. No regulatory backsliding, once everything
settled down.
... and "Age of Greed" pg370:
In addition, the Justice Department was now investigating reduced rate
mortgages Mozilo allegedly sold to Senators Chris Dodd of Connecticut
and Kent Conrad of North Dakota, as well as two former heads of Fannie
Mae, Jim Johnson and Franklin Raines. They were known as "Friends of
Angelo."
... snip ...
Angelo, #1 on times list of those responsible for the economic
mess/financialcrisis
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
another family member then presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
Jan2009 (decade after being asked to try and help prevent the economic
mess), I'm asked to HTML'ize the Pecora Hearings (30s congressional
hearings into '29crash, resulted in Glass-Steagall and criminal
convictions) with lots of internal HREFs and URLs between what
happened then and what happened this time (comments that the new
congress might have appetite to do something). I work on it awhile and
then get call saying it won't be needed after all (comments that
capital hill was buried under enormous mountains of wallstreet cash).
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: Trump, Wall Street and the "banking caucus" ready to rip apart Dodd-Frank Date: 01 Feb 2017 Blog: Facebookre:
disclaimer: 1999 I was asked to try and help prevent the coming
economic mess by improving the integrity of securitized mortgages
supporting documents. securitized mortgages had been used during the
S&L crisis to obfuscate fraudulent mortgages (posterchild was office
bldgs in Dallus/FtWorth that turn out to be empty lots). They then
find that they can pay rating agencies for triple-A ratings (when
rating agencies know that they aren't worth triple-A, from Oct2008
congressional testimony).
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
(triple-A) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Triple-A rating trumps supporting documentation and they can start doing no-documentation liar loans. It was major factor in being able to do over $27T 2001-2008 (especially selling to institutions restricted to dealing only in "safe" investments, like large pension funds). From the law of unintended consequences, the largest TBTF economic mess fines so far are for the robo-signing mills fabricating the missing documents (also comes up in the confirmation of curent SECTREAS nomination).
There was facade that $700B TARP funds were appropriated to buy the TBTF offbook toxic assets, but just the four largest TBTF were still carrying $5.2T ye2008. If the offbook toxic assets had been brought back on the books, the TBTFs would had been declared insolvent and forced to be liquidated (late summer 2008, some $60B in offbook toxic assets had gone for 22cents on the dollar).
too big to fail (too big to prosecute, too big to jail)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
In any case, TARP was used for other purposes and the FED bought trillions in offbook toxic assets at 98cents on the dollar and providing tens of trillions in ZIRP funds. FED fought long hard legal battle to prevent disclosure of what they were doing. When they lost, the FED Chairman held press conference to say that he thought the TBTF would use the ZIRP funds to help mainstreet, when they didn't, he had no way to force them (but that didn't stop the ZIRP funds).
Fed Chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
and ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
Paying for triple-A (and immediately selling everything off), allowed lenders no longer to care about borrower's qualification and/or loan quality. Then they found they could design securitized mortgages to fail, pay for triple-A, sell to their victims and take-out CDS gambling debts that they would fail (now they cared about loan quality, but not exactly as you would expect). The largest holder of CDS gambling bets was AIG. AIG was negotiating to payoff at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the gambling bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the largest recipient of face value payoffs was firm formerly headed by SECTREAS.
#2 on times list of those responsible for economic mess, responsible
for GLBA (and repeal of Glass-Steagall), but here for getting law
passed preventing regulation of CDS (gambling bets) ... at the time
characterized as "gift" to ENRON
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Wed, 01 Feb 2017 15:35:31 -0800hancock4 writes:
note congress exempted themselves from the insider trading regulations
... and several members of congress were found to have done significant
trades after being briefed by Greenspan on the imminent financial crash
... just one of long list of things that motivate references that
congress is the most corrupt institution on earth.
https://www.garlic.com/~lynn/submisc.html#fed.chairman
I've periodically mention that Jan2009 I was asked to HTML'ize the
Pecora hearing (30s congressional hearings into crash of '29,
resulted in glass-steagall and jail terms, references that the
new congress might have appetite to do something). I work on it
for awhile and then get a call that it won't be needed after all
(reference to enormous mountains of wallstreet cash totally
burying capital hill) ... past posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Rhetoric on the floor of congress was that Sarbanes-Oxley would prevent
future ENRONs and guarantee executives and auditors did jail time, but
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 increase after SOX
goes into effect (and nobody doing jail time). Past posts:
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
https://www.garlic.com/~lynn/submisc.html#enron
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
Less well known is that SOX also contained provision that SEC does
something about the rating agencies ... but they did as much about the
rating agencies as they did about public company fraudulent financial
filings. Oct2008 congressional hearings into the pivotal role that the
rating agencies played in the financial mess ... found that they were
selling triple-A ratings on securitized mortgages even when they knew
they knew they weren't worth triple-A. Past triple-A rated toxic CDO
posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
During the Oct2008 hearings one of the TV reporters commented that there would never be federal prosecution of the rating agencies because they could blackmail the federal gov. with credit rating downgrade.
One of the things from recent "The Undoing Project: A Friendship That
Changed Our Minds"
https://www.amazon.com/Undoing-Project-Friendship-Changed-Minds-ebook/dp/B01GI6S7EK/re
loc2276-79:
He had listened to an American economist talk about how so-and-so was
stupid and so-and-so was a fool, then said, "All your economic models
are premised on people being smart and rational, and yet all the people
you know are idiots."
... snip ...
Kahneman (a psychologist) gets Nobel Prize in economics ... in part for debunking Milton Friedman's theories involving rational man.
From "Economic Man" to Behavioral Economics
https://hbr.org/2015/05/from-economic-man-to-behavioral-economics
Irrationality's Revenge
Savage and the economist Milton Friedman wrote in 1948, the proper
analogy was to an expert billiards player who didn't know the
mathematical formulas governing how one ball would carom off another but
"made his shots as if he knew the formulas."
Somewhat amazingly, that's where economists left things for more than 30
years. It wasn't that they thought everybody made perfect probability
calculations; they simply believed that in free markets, rational
behavior would usually prevail.
... snip ...
Friedman
https://en.wikipedia.org/wiki/Milton_Friedman
Friedman promoted an alternative macroeconomic viewpoint known as
"monetarism", and argued that a steady, small expansion of the money
supply was the preferred policy.[12] His ideas concerning monetary
policy, taxation, privatization and deregulation influenced government
policies, especially during the 1980s.
... snip ...
Economists and the Powerful: Convenient Theories, Distorted Facts, Ample
Rewards
https://www.amazon.com/Economists-Powerful-Convenient-Distorted-Economics-ebook/dp/B01B4X4KOS/
loc1200-1206:
There are plenty of examples from other countries to copy: the US
individual retirement account system is based on the Chilean pension
reform of 1980/81 that in turn was based heavily on proposals made in
the book Capitalism and Freedom by Milton Friedman. In response to the
Chilean system facing a likely collapse in a few decades time, it was
substantially overhauled in 2008 to require mandatory participation of
all citizens in exchange for universal pension coverage.
... snip ...
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times larger than the S&L crisis. S&L crisis had 1000 criminal convictions with jailtime, proportionally the economic mess should have 70,000.
June1940, Germany had a victory celebration at the NYC Waldorf-Astoria
with major industrialists. Lots of them were there to hear how to do
business with the Nazis
https://www.amazon.com/Man-Called-Intrepid-Incredible-Narrative-ebook/dp/B00V9QVE5O/
Later, 5000 industrialists from across the US had conference at NYC
Waldof-Astoria and in part because they had gotten such bad reputation
for the depression and supporting Nazi Germany, they approved a major
propaganda campaign to equate capitalism with Christianity
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
Results in the 50s include adding "Under God" to the pledge of allegiance and "In God We Trust" to currency
From the law of unintended consequences, when the 1943 US Strategic bombing program needed industrial and military targets and locations in Germany, they got the information from wallstreet.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: 360 & Series/1 Date: 01 Feb 2017 Blog: FacebookOne of the baby bells did a vtam&37x5ncp on series one with significant more function and significantly more performance and much better price/performance. I got sucked into doing project to move it to rs/6000 (RIOS) base with enormous increased performance and price performance. I did lengthy presentation on the effort in Raleigh. What the communication group did next (to block the effort) can only be described as truth is stranger than fiction.
To mainframe vtam they simulated everything as cross-domain, with all resources owned by the distributed environment
IBM bought ROLM which used all Data General boxes. ROLM then ordered more than years production of Series/1. To get the series/1 as part of effort ... I had to do some horse trading with the ROLM data processing manager ... I would do some work for them, if they would let me have some Series/1
The Peachtree processor used in the series/1 was significantly more capability than the processors used in the 37x5 controllers. There was effort in the early 70s to get the communication group to use Peachtree ... but they wouldn't do it
There was an internal "greencard" done in IOS3270 (trivia 3090 service
processor was 4361 running vm370/cms with all the screens done in
IOS3270). I've done q&d conversion to html
https://www.garlic.com/~lynn/gcard.html
The VMSG author also did parasite/story in the late 70s. The PROFS group had picked up a very early version of VMSG to use as their email client. Later when the VMSG author offered a much improved version, they tried to get him fired (because they had taken credit for the email client). Everything quieted down when the VMSG author demonstrated that his initials were in a non-displayed field in every PROFS email. Afterwards he only shared source with me and one other person.
Parasite/story used VM370 logical device support (and pass-through
virtual machine, PVM), implemented HLLAPI-like functionality (well
before HLLAPI) and was small enough that ran in CMS transient
area. old post with parasite/story description and sample stories
https://www.garlic.com/~lynn/2001k.html#35
"story" that automagically logs into RETAIN and retrieves all "PUT"
buckets
https://www.garlic.com/~lynn/2001k.html#36
More trivia: IMS hot-standby really wanted the Series/1 vtam/ncp simulation. One of the problems they had was fall over could happen in a couple minutes ... but it could require a couple hours to reestablish all the VTAM sessions (large customers could have tens of thousands of sessions) ... vtam session initiation was heavy weight operation and overhead increased non-linearly with number of sessions. One of the functions the Series/1 support was "shadow" sessions ... any time a session was initiated with vtam ... a shadow session could be done with the IMS hot-standby vtam (which eliminated the vtam fall-over session initiation elapsed time).
Must have been when my wife was in kindergarten ... she was in the
gburg JES group and head of POK con'ed her into going to POK to be in
charge of mainframe loosely-coupled architecture. She did
Peer-Coupled Shared Data architecture, but didn't last very long
... in part because of constant battles with the communication group
trying to force her into using SNA/vtam for loosely-coupled operation
... and in part because of very little uptake (except for IMS
hot-standby ... until sysplex and parallel sysplex).
https://www.garlic.com/~lynn/submain.html#shareddata
old post with part of the Raleigh presentation comparing the series/1
implementation to 37x5 box
https://www.garlic.com/~lynn/99.html#67
the communication group tried to discredit my 37x5 numbers
... however, I've mentioned before that one of my hobbies was enhanced
production operating systems for internal datacenters and HONE was
long-time customer ... and I used the communication group's HONE 37x5
"configurator" for all data. Old post with part of baby bell
presentation at (IBM user group) COMMON
https://www.garlic.com/~lynn/99.html#70
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Wed, 01 Feb 2017 19:10:33 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
The original S&L regulator in the 80s refused to go along with the
deregulating requests. He was asked to resign so somebody that
would go along could be appointed.
https://www.amazon.com/Two-Trillion-Dollar-Meltdown-Rollers-ebook/dp/B0097DE7DM/
loc655-67:
By the time Pratt had finished, it was possible for a single individual
to take control of an S&L, then organize and lend to multiple
subsidiaries -- for land acquisition, construction, building management,
and the like -- and create his own small real estate empire entirely
with depositors' money.
... snip ...
... and by the guy that took down keating:
The Best Way to Rob a Bank is to Own One
https://www.amazon.com/Best-Way-Rob-Bank-Own-ebook/dp/B00H5B9Z80/
keating had written memo to the "keating five" (senators) to "get black
-- kill him dead".
https://en.wikipedia.org/wiki/William_K._Black
posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
past posts referencing Black:
https://www.garlic.com/~lynn/2013k.html#26 The agency problem and how to create a criminogenic environment
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#32 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#41 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#43 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013k.html#59 John Boyd's Art of War
https://www.garlic.com/~lynn/2014.html#44 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#46 What Gates Didn't Get Done
https://www.garlic.com/~lynn/2014.html#49 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014.html#83 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014e.html#80 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/2014m.html#80 Companies on trial: are they 'too big to jail'?
https://www.garlic.com/~lynn/2014m.html#153 LEO
https://www.garlic.com/~lynn/2015.html#17 Cromnibus cartoon
https://www.garlic.com/~lynn/2015.html#92 Ocwen's Servicing Meltdown Proves Failure of Obama's Mortgage Settlements
https://www.garlic.com/~lynn/2015b.html#0 S&L Crisis and Economic Mess
https://www.garlic.com/~lynn/2015b.html#8 Shoot Bank Of America Now---The Case For Super Glass-Steagall Is Overwhelming
https://www.garlic.com/~lynn/2015b.html#31 What were the complaints of binary code programmers that not accept Assembly?
https://www.garlic.com/~lynn/2015c.html#41 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015c.html#108 Occupy Democrats
https://www.garlic.com/~lynn/2015d.html#54 The Jeb Bush Adviser Who Should Scare You
https://www.garlic.com/~lynn/2015e.html#67 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015f.html#38 LIBOR: History's Largest Financial Crime that the WSJ and NYT Would Like You to Forget
https://www.garlic.com/~lynn/2015f.html#48 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015g.html#12 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2016c.html#34 Qbasic
https://www.garlic.com/~lynn/2016c.html#35 Qbasic
https://www.garlic.com/~lynn/2016c.html#65 A call for revolution
https://www.garlic.com/~lynn/2016f.html#52 U.S. Big Banks: A Culture of Crime
https://www.garlic.com/~lynn/2017.html#53 How Finance Behaves like a Parasite Toward the Economy
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Wed, 01 Feb 2017 20:49:39 -0800JimP. <solosam90@gmail.com> writes:
Congress is attacking clean water safeguards in order to protect the
coal industry
http://www.military-technologies.net/2017/02/02/congress-is-attacking-clean-water-safeguards-in-order-to-protect-the-coal-industry/
House Republicans Vote to End Rule Stopping Coal Mining Debris From
Being Dumped in Streams
http://time.com/4657438/congressional-republicans-environmental-regulations-coal-streams/
Mountaintop Removal Never Ended: Coal River Mountaineers Fight On
http://www.commondreams.org/views/2016/10/19/mountaintop-removal-never-ended-coal-river-mountaineers-fight
The Epic Rise and Fall of America's Most Notorious Coal Baron
http://www.motherjones.com/politics/2015/09/blankenship-trial-king-coal-west-virginia
Scott Pruitt's Repeated Attacks on Americans' Water Resources
https://www.nrdc.org/experts/nrdc/scott-pruitts-repeated-attacks-americans-water-resources
other
claims that Johns Hopkins rejected black lung diagnosis for decades
https://www.publicintegrity.org/2016/11/02/20416/class-action-lawsuit-filed-against-johns-hopkins-hospital-over-black-lung-program
The Center investigation found that the longtime leader of the unit,
Dr. Paul Wheeler, had read X-rays in more than 1,500 cases just since
2000 but never once found a case of severe black lung, despite the fact
that other doctors looking at the same films found evidence of the
disease hundreds of times. Wheeler's credentials and longtime
affiliation with Johns Hopkins often trumped those of all other doctors
involved, and administrative judges credited his reports over those of
other doctors and denied more than 800 claims.
... snip ...
Amid Controversy, Johns Hopkins Quietly Drops Black Lung Program
http://abcnews.go.com/US/amid-controversy-johns-hopkins-quietly-drops-black-lung/story?id=34161753
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Thu, 02 Feb 2017 09:42:04 -0800maus <mausg@mail.com> writes:
Hardcover ... published 6Dec2016 ... if it is out of print ... they
sold out in less than 2 months
https://www.amazon.com/Undoing-Project-Friendship-Changed-Minds/dp/0393254593/
lots of ebook tho
https://www.amazon.com/Undoing-Project-Friendship-Changed-Minds-ebook/dp/B01GI6S7EK/
recent posts referencing "Undoing Project"
https://www.garlic.com/~lynn/2017.html#14 Japanese company replaces office workers with artificial intelligence
https://www.garlic.com/~lynn/2017.html#24 Destruction of the Middle Class
https://www.garlic.com/~lynn/2017.html#26 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017.html#29 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017.html#66 Deep learning algorithm does as well as dermatologists in identifying skin cancer
https://www.garlic.com/~lynn/2017.html#92 Trump's Rollback of the Neoliberal Market State
https://www.garlic.com/~lynn/2017.html#93 The Undoing Project: A Friendship That Changed Our Minds Kindle Edition
https://www.garlic.com/~lynn/2017.html#97 Trump to sign cyber security order
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Thu, 02 Feb 2017 10:17:38 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
for a little related dataprocessing content
these posts has "Undoing Project" references from 1970
https://www.garlic.com/~lynn/2017.html#14 Japanese company replaces office workers with artificial intelligence
https://www.garlic.com/~lynn/2017.html#66 Deep learning algorithm does as well as dermatologists in identifying skin cancer
I remember reading articles about this in the early 70s
The Undoing Project: A Friendship That Changed Our Minds; loc2276-79:
The Oregon researchers went and tested the hypothesis anyway. It
turned out to be true. If you wanted to know whether you had cancer or
not, you were better off using the algorithm that the researchers had
created than you were asking the radiologist to study the X-ray. The
simple algorithm had outperformed not merely the group of doctors; it
had outperformed even the single best doctor. You could beat the
doctor by replacing him with an equation created by people who knew
nothing about medicine and had simply asked a few questions of
doctors.
... snip ...
and part of psychologist getting Nobel prize in economics ...
debunking Milton Friedman's theories involving rational man
https://www.garlic.com/~lynn/2017.html#93 The Undoing Project: A Friendship That Changed Our Minds Kindle Edition
Another part of "undoing" has to do with when faced with missing
information ... people frequently attempt to force fit something
familiar and certain for the unknown. loc2769-71:
After he had heard Amos explain how the mind arranged historical facts
in ways that made past events feel a lot less uncertain, and a lot
more predictable, than they actually were, Biederman felt certain that
his and Danny's work could infect any discipline in which experts were
required to judge the odds of an uncertain situation—which is to say,
great swaths of human activity.
... snip ...
I've periodical claimed something similar carries over into Relational
DBMS, I was involved in the original SQL/relational
implementation. past posts:
https://www.garlic.com/~lynn/submain.html#systemr
I've partially characterized as taking shortcuts to improve performance for financial transactions by going to regular tables with uniform information. One of the long-term problems is that unknowns/nulls are constantly advised against ... in part because SQL queries will frequently result in the inverse of what a human would expect. trivia: at the some time as original SQL/relational implementation, I also got con'ed into helping implement a graph (rather than table) relational DBMS ... which handles 3-value logic and is significantly better at handling unknown and non-uniform information.
The funny thing is that the graph relational forces have had ongoing battles mainstream relational dating back to late 70s ... but recently IBM came out with announcement about a graph relational product ... making the same claims about its benefits that we've been claiming for almost 40yrs.
other past posts mentioning 3-value logic:
https://www.garlic.com/~lynn/2003g.html#40 How to cope with missing values - NULLS?
https://www.garlic.com/~lynn/2004l.html#75 NULL
https://www.garlic.com/~lynn/2005.html#15 Amusing acronym
https://www.garlic.com/~lynn/2005i.html#35 The Worth of Verisign's Brand
https://www.garlic.com/~lynn/2005m.html#19 Implementation of boolean types
https://www.garlic.com/~lynn/2005t.html#20 So what's null then if it's not nothing?
https://www.garlic.com/~lynn/2005t.html#23 So what's null then if it's not nothing?
https://www.garlic.com/~lynn/2005t.html#33 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2006e.html#34 CJ Date on Missing Information
https://www.garlic.com/~lynn/2006q.html#22 3 value logic. Why is SQL so special?
https://www.garlic.com/~lynn/2006s.html#27 Why these original FORTRAN quirks?
https://www.garlic.com/~lynn/2006x.html#21 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2006x.html#30 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2006y.html#1 "The Elements of Programming Style"
https://www.garlic.com/~lynn/2009c.html#34 Is the Relational Database Doomed?
https://www.garlic.com/~lynn/2009g.html#32 Old-school programming techniques you probably don't miss
https://www.garlic.com/~lynn/2009p.html#70 My War On SQL
https://www.garlic.com/~lynn/2009r.html#30 SQL injection attack claims 132,000+
https://www.garlic.com/~lynn/2009r.html#65 You know you've been Lisp hacking to long when
https://www.garlic.com/~lynn/2012o.html#8 Initial ideas (orientation) constrain creativity
https://www.garlic.com/~lynn/2013o.html#6 "hexadecimal"?
https://www.garlic.com/~lynn/2014c.html#77 Bloat
https://www.garlic.com/~lynn/2014d.html#55 Difference between MVS and z / OS systems
https://www.garlic.com/~lynn/2014m.html#123 Holy Grail for parallel programming language
https://www.garlic.com/~lynn/2014m.html#152 Is true that a real programmer would not stoop to wasting machine capacity to do the assembly?
https://www.garlic.com/~lynn/2014m.html#175 Holy Grail for parallel programming language
https://www.garlic.com/~lynn/2015b.html#63 Do we really?
https://www.garlic.com/~lynn/2016b.html#24 You thought IEFBR14 was bad? Try GNU's /bin/true code
https://www.garlic.com/~lynn/2016c.html#13 Computers anyone?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Thu, 02 Feb 2017 10:57:37 -0800jmfbahciv <See.above@aol.com> writes:
GOP Lawmaker Drafting Bill To Abolish The EPA
http://climatechangedispatch.com/gop-lawmaker-drafting-bill-to-abolish-the-epa/
President Trump promised to eliminate the "Department of Environmental
Protection" on the campaign trail, but walked back this position and
said he's refocus EPA to its core mission of protecting air and water
quality -- not fighting global warming.
... snip ...
Florida Congressman Drafts Bill To "Completely Abolish" The EPA
http://www.huffingtonpost.com/entry/bill-to-abolish-epa_us_5890e638e4b02772c4e9c552?ld4owug4bfgsnhfr
however, they're already into attacks on "protecting air and water" by eliminating bans on dumping coal mining debris in water supply.
With regard to climate ... even DOD/Pentagon has placed climate change up near the top of their list of risks along with various other ecology related problems (lack of clean water, etc) ... even ahead of problem with China passing US as #1 economy and increasing number of computer chips that DOD uses are made in China (and possibility that those chips will have back doors).
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Trump to sign cyber security order Newsgroups: alt.folklore.computers Date: Thu, 02 Feb 2017 14:06:49 -0800re:
Note that there is long history of "regulatory capture" dating back to at least 80s (but periodically predating that), not only for the financial industry polluting the economy, but lots of drug industry capture of FDA, oil, mining, corporate farming capture of EPA ... when the laws and regulations can't be eliminated, "regulatory capture" means that regulations aren't enforced for their friends.
In the 80s, there was big influence of Friedman & wallstreet eliminating financial regulations ... but both Bush1 & Bush2 era had regulatory agencies also ignoring regulations ("regulatory capture") for their friends
VP and former CIA director claims no knowledge of
https://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating financial industry ... creating S&L crisis
https://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
https://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
another family member then presides over the economic mess 70 times
larger than the S&L crisis. S&L crisis had 1000 criminal convictions
with jailtime, proportionally the economic mess should have 70,000.
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Keating appeared to come close to getting the banking auditor from
taking him down with his memo to the "keating five" (senators) to "get
black -- kill him dead".
https://en.wikipedia.org/wiki/William_K._Black
Last decade, the (visible) financial posterchild could be considered
Madoff. In the congressional Madoff hearings, they had the person that
tried unsuccessfully for a decade to get SEC to do something about Madoff
(SEC "hands" were forced when Madoff turned himself in, speculation that
he had defrauded some unsavory characters and was looking for government
protection).
https://www.garlic.com/~lynn/submisc.html#madoff
regulatory capture
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
But there is also the joke last decade that Treasury department was
Goldman-Sachs branch office in Washington. There are constant claims
that corporations pay 35percent profit tax ... but lots of large
corporations have been paying 5% or less tax. Then there is
Sarbanes-Oxley which claimed that it would guarantee executives and
auditors would go to jail, but (also) 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 show increasing after SOX goes into
effect (and no jailtime). posts
https://www.garlic.com/~lynn/submisc.html#enron
and
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
and
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
However, there having been lots of other examples of large corporations compromising other regulatory agencies.
Past posts mentioning "regulatory capture":
https://www.garlic.com/~lynn/2011i.html#25 Happy 100th Birthday, IBM!
https://www.garlic.com/~lynn/2011p.html#7 FDR explains one dimension of our problem: bankers own the government
https://www.garlic.com/~lynn/2012c.html#39 Greek knife to Wall Street
https://www.garlic.com/~lynn/2012c.html#54 PC industry is heading for more change
https://www.garlic.com/~lynn/2013.html#20 The Big Fail
https://www.garlic.com/~lynn/2013b.html#35 Adair Turner: A New Debt-Free Money Advocate
https://www.garlic.com/~lynn/2013d.html#25 Senator Sherrod Brown Drops a Bombshell in Mary Jo White's Hearing
https://www.garlic.com/~lynn/2013d.html#89 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013d.html#94 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#20 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/2013f.html#1 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#2 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#34 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#36 Fed proposes annual assessments for large financial companies
https://www.garlic.com/~lynn/2013h.html#55 OT: "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2013i.html#89 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#14 Barclays, Traders Fined $487.9 Million by U.S. Regulator
https://www.garlic.com/~lynn/2013j.html#15 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013j.html#78 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#26 The agency problem and how to create a criminogenic environment
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#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#52 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#7 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/2013m.html#77 OCC Replies to Elizabeth Warren Reveal Extent of Regulatory Capture on Derivatives
https://www.garlic.com/~lynn/2013n.html#8 copyright, was Re: 'Free Unix!': The world-changing proclamation made 30 yearsagotoday
https://www.garlic.com/~lynn/2013n.html#90 Elizabeth Warren Responds To Third Way Attack By Asking Wall Street To Disclose Ties
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
https://www.garlic.com/~lynn/2014b.html#50 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014c.html#68 Economists and our responsibilities to society
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#4 HP splits, again
https://www.garlic.com/~lynn/2014m.html#67 LEO
https://www.garlic.com/~lynn/2015b.html#71 Why do we have wars?
https://www.garlic.com/~lynn/2015b.html#81 Stanford Law School Covers Up SEC's Andrew Bowden's Embarrassing Remarks by Deep-Sixing Conference Video
https://www.garlic.com/~lynn/2015b.html#86 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015c.html#6 SEC's Andrew Bowden Regulatory Capture Scandal Hits the Major Leagues with Los Angeles Times Column
https://www.garlic.com/~lynn/2015c.html#11 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015c.html#16 Retirement Heist
https://www.garlic.com/~lynn/2015c.html#18 SEC's Andrew Bowden Regulatory Capture Scandal Hits the Major Leagues with Los Angeles Times Column
https://www.garlic.com/~lynn/2015c.html#19 Have the Banks Escaped Criminal Prosecution because They're Spying Surrogates?
https://www.garlic.com/~lynn/2015c.html#41 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015c.html#49 Global Fragility and the 1997 Asian Financial Crisis
https://www.garlic.com/~lynn/2015c.html#51 past of nukes, was Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015d.html#24 Wall Street Bailouts Are Finally Over, Right?
https://www.garlic.com/~lynn/2015d.html#28 Bernie Sanders Proposes A Bill To Break Up The 'Too Big To Exist' Banks
https://www.garlic.com/~lynn/2015e.html#23 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2015f.html#29 Eric Holder Returns as Hero to Law Firm That Lobbies for Big Banks
https://www.garlic.com/~lynn/2015f.html#36 Eric Holder, Wall Street Double Agent, Comes in From the Cold
https://www.garlic.com/~lynn/2015f.html#38 LIBOR: History's Largest Financial Crime that the WSJ and NYT Would Like You to Forget
https://www.garlic.com/~lynn/2015g.html#67 Economics Has a Math Problem
https://www.garlic.com/~lynn/2015g.html#73 Economists' Tribal Thinking
https://www.garlic.com/~lynn/2015g.html#87 Calls for SEC Chair's Replacement Grow Louder in DC
https://www.garlic.com/~lynn/2015h.html#28 rationality
https://www.garlic.com/~lynn/2016.html#21 How Corrupt Is the American Government
https://www.garlic.com/~lynn/2016c.html#16 There Is Regulatory Capture, But It Is By No Means Complete
https://www.garlic.com/~lynn/2016c.html#18 Qbasic
https://www.garlic.com/~lynn/2016c.html#23 How Generation Y is paying the price for baby boomer pensions
https://www.garlic.com/~lynn/2016c.html#53 Qbasic
https://www.garlic.com/~lynn/2016c.html#65 A call for revolution
https://www.garlic.com/~lynn/2016c.html#84 Wells Fargo "Admits Deceiving" U.S. Government, Pays Record $1.2 Billion Settlement
https://www.garlic.com/~lynn/2016d.html#26 How the computer transformed economics. And didn't
https://www.garlic.com/~lynn/2016f.html#98 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud
https://www.garlic.com/~lynn/2016f.html#101 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud
https://www.garlic.com/~lynn/2017.html#49 How Finance Behaves like a Parasite Toward the Economy
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