https://www.garlic.com/~lynn/boyd3.jpg
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM's 3033 Date: 13 Sept 2018 Blog: FacebookIBM's 3033
IBM very carefully controlled shipping order by date order received. The first 3033 was going to be installed in vm370 account which was going to be great loss of face for POK's favorite son operating system MVS. Since they couldn't fiddle the shipping order ... but they managed to fiddle the delivery of the machines, so that the first installation was a MVS customer
With the failure of Future System, there was mad rush to get products back into the 370 pipeline (370 efforts being shutdown during FS, lack of 370 offerings during the FS period was credited with giving clone processor makers market foothold, during this period salesforce had to maximize their FUD marketing skills). Kicked off in parallel were quick&dirty 303x and 3081 (XA) efforts. POK also managed to convince corporate to kill off the vm370 product, shutdown the burlington mall development group and move everybody to POK to work on MVS/XA (otherwise MVS/XA wouldn't be able to ship on time). Eventually, Endicott managed to save the vm/370 product mission, but had to reconstitute a vm370 development group from scratch.
For 303x, They took 370/158 engine with just integrated channel
microcode and made it 303x external channel processor. A 3031 was a
370/158 engine with just 370 microcode (and no integrated channel
microcode) and a 2nd 370/158 (channel director) with just the
integrated channel microcode (and no 370 microcode). A 3032 was
370/168 engine using 303x (370/158 engine) for external channels. 3033
started out 168 logic remapped to 20% faster chips, other hacks got it
up to 4.5mips (around 50% faster than 168-3). Other FS, 3033, 3081
detail
http://www.jfsowa.com/computer/memo125.htm
Future System posts
https://www.garlic.com/~lynn/submain.html#futuresys
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers Blog: Facebook Date: 13 Sep 2018re:
Ten Years After the Crash, We've Learned Nothing. The great
financial catastrophe of our times is still badly misunderstood, and
led to grotesque consequences, including the election of Donald Trump
https://www.rollingstone.com/politics/politics-features/financial-crisis-ten-year-anniversary-723798/
Paulson knew as well as anyone. Treasury and the other regulators
received ample warning. Take the Office of Thrift Supervision (OTS), a
regulatory arm of Treasury that happened to oversee two of the worst
basket-cases, Washington Mutual and AIG. According to Bean, the OTS
observed and ignored more than 500 deficiencies in mortgage practices
just at WaMu in the years before the crash.
... snip ...
The U.S. Financial Crisis
https://www.cfr.org/timeline/us-financial-crisis
VP and former CIA director repeatedly claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
last decade (after turn of century) another family member is president and 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 posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
TBTF (too big to fail, too big to
prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM ESCON Blog: Facebook Date: 14 Sep 20181980, STL was bursting at the seams and they were moving 300 people from the IMS group to offsite bldg (with service back into STL datacenter). They had tried "remote 3270", but found the human factors totally unacceptable. I get con'ed into doing channel-extender support ... so they can have local channel-attached controllers at the remote bldg (and not able to tell the difference between human factors in house STL and at the off-site bldg). The hardware vendor tries to get IBM to release my support, but there is group in POK playing with some fiber stuff got it vetoed. In 1988, I'm asked to help LLNL (national lab) standardize some serial stuff they are playing with, which quickly becomes Fibre Channel Standard (including some stuff that I did in 1980). Finally the POK stuff is released in 1990 as ESCON with ES/9000 when it is already obsolete (half-duplex, lucky if it gets 17mbytes/sec, FCS full-duplex, aggregate 200mbytes/sec). Later some POK engineers get involved with FCS and define a FCS heavy-weight protocol that drastically reduces the native throughput, that is eventually released as FICON. Most recent published peak I/O benchmark was z196 that used 104 FICON to get 2M IOPS. About the same time, a FCS was announced for E5-2600 blade claiming over million IOPS (two such FCS getting higher throughput than 104 FCS running with FICON protocol).
channel-extender posts
https://www.garlic.com/~lynn/submisc.html#channel.extender
FICON posts
https://www.garlic.com/~lynn/submisc.html#ficon
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers Blog: Facebook Date: 14 Sep 2018re:
10 Years After Lehman. And Nothing Has Been Fixed
https://www.zerohedge.com/news/2018-09-14/10-years-after-lehman-and-nothing-has-been-fixed
1999, I'm asked to help prevent the coming economic mess, some investment bankers had walked away "clean" from the S&l crisis, where then doing Internet IPO mills (invest a few millions, hype, ipo for a few billion, should fail to leave the field clear for next round), and were predicted to get into securitize mortgages. I was to help improve the integrity of supporting documents as countermeasure. They then start paying rating agencies for triple-A (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearing). Triple-A trumps supporting documents and they can start doing no-documentation, liar loans. Triple-A significantly contributes to being able to do over $27T 2001-2008, including selling to institutions restricted to only dealing in "safe" investments (like large pension funds).
Triple-A allows them to sell off everything as fast as they could be made and eliminates any reason to care about borrower's qualifications or loan quality. Then they find that they can design securitize mortgages to fail, pay for triple-A, sell-off into the market and take out CDS gambling bets that they would fail (creating enormous demand for dodgy loans/mortgages, now they care about borrower's qualifications, but not in traditional way). The largest holder of the CDS gambling bets was AIG and was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the large recipient of face value payoffs was the firm formally headed by SECTREAS.
The rhetoric in congress was that Sarbanes-Oxley would prevent future ENRONs and guarantee that executives and auditors did jailtime, but it required SEC to do something. Possibly because GAO didn't believe they were doing anything they started doing reports of public company fraudulent financial reports, even showing they increased after SOX goes into effect (and nobody doing jailtime). Less well known is that SOX also required SEC to do something about rating agencies, but they did about as much about rating agencies as they did about public company fraudulent financial reports.
The #2 person on times list of those responsible for the economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
was responsible for GLBA ... known for repeal of Glass-Steagall (head of CITI had enlisted SECTREAS to help with the repeal, the SECTREAS then resigns and joins CITI after he helps get the repeal going). However, #2 is on the list for legislation preventing CDS gambling bets from being regulated.
The chair of CFTC proposed regulating the CDS gambling bets, the chair
was then quickly replaced with #2's wife ... while he got provision
added to the law to prevent regulation (originally referred to as gift
to ENRON). When that was done, #2's wife resigned and joined the ENRON
board and audit committee. Gramm and the 'Enron Loophole'
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
Phil Gramm's Enron Favor .. gone 404 but lives on at wayback machine
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees
... snip ...
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
Sarbanes-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
financial.reporting.fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers Blog: Facebook Date: 14 Sep 2018re:
They were the regulators that watched it happen ... and then covered up for those responsible.
The Policymakers Saved the Financial System. And America Never Forgave
Them.
https://www.nytimes.com/2018/09/12/upshot/financial-crisis-recession-recovery.html
Confidence Men: Wall Street, Washington, and the Education of a
President.
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
has several references that essentially wallstreet was using the EHM debt strategy against the American public. other references were about new president having to choose between the economic A-team (Volcker et al) and the B-team. The A-team was instrumental in getting him elected, but the A-team would have held wallstreet and the too big to fail accountable, which would have likely taken down most of those institutions (so new president chooses the b-team that wasn't going to hold anybody responsible).
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
regulatory capture posts
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers Blog: Facebook Date: 15 Sep 2018re:
Double Whammy: Implicit Subsidies and the Great Financial Crisis
https://www.nakedcapitalism.com/2018/09/double-whammy-implicit-subsidies-great-financial-crisis.html
Jan2009 (decade after asked to try and help prevent the coming economic mess), I was asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash that resulted in Glass-Steagall and criminal convictions, had been the scanned fall2008 at Boston Public Library) 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 saying that it won't be needed after all (references to capital hill totally buried under enormous mountains of wallstreet cash).
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
'29 crash, Pecora Hearings and/or Glass-Steagall posts
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: These Four Predicted The Global Financial Crisis; Here's What They Think Causes The Next One Blog: Facebook Date: 15 Sep 2018These Four Predicted The Global Financial Crisis; Here's What They Think Causes The Next One
1999, I'm asked to help try and prevent the coming economic mess (we failed), some investment bankers had walked away "clean" from the S&L crisis, where then doing Internet IPO mills (invest a few millions, hype, ipo for a few billion, should fail to leave the field clear for next round), and were predicted to get into securitize mortgages. I was to help improve the integrity of supporting documents as countermeasure. They then start paying rating agencies for triple-A (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearing). Triple-A trumps supporting documents and they can start doing no-documentation, liar loans. Triple-A significantly contributes to being able to do over $27T 2001-2008, including selling to institutions restricted to only dealing in "safe" investments (like large pension funds).
Triple-A allows them to sell off everything as fast as they could be made and eliminates any reason to care about borrower's qualifications or loan quality. Then they find that they can design securitize mortgages to fail, pay for triple-A, sell-off into the market and take out CDS gambling bets that they would fail (creating enormous demand for dodgy loans/mortgages, now they care about borrower's qualifications, but not in traditional way). The largest holder of the CDS gambling bets was AIG and was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the large recipient of face value payoffs was the firm formally headed by SECTREAS.
The rhetoric in congress was that Sarbanes-Oxley would prevent future
ENRONs and guarantee that executives and auditors did jailtime, but it
required SEC to do something. Possibly because GAO didn't believe they
were doing anything they started doing reports of public company
fraudulent financial reports, even showing they increased after SOX
goes into effect (and nobody doing jailtime). Less well known is that
SOX also required SEC to do something about rating agencies, but they
did about as much about rating agencies as they did about public
company fraudulent financial reports.
https://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
The #2 person on times list of those responsible for the economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
was responsible for GLBA ... known for repeal of Glass-Steagall
(head of CITI had enlisted SECTREAS to help with the repeal, the
SECTREAS then resigns and joins CITI after he helps get the repeal
going).
https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
However, #2 is on the list for legislation preventing CDS gambling
bets from being regulated.
https://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
https://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/
The chair of CFTC proposed regulating the CDS gambling bets,
https://www.pbs.org/wgbh/pages/frontline/warning/
the chair was then quickly replaced with #2's wife ... while he got
provision added to the law to prevent regulation (originally referred
to as gift to ENRON). When that was done, #2's wife resigned and
joined the ENRON board and audit committee. Gramm and the 'Enron
Loophole'
http://www.nytimes.com/2008/11/17/business/17grammside.html
Enron was a major contributor to Mr. Gramm's political campaigns, and
Mr. Gramm's wife, Wendy, served on the Enron board, which she joined
after stepping down as chairwoman of the Commodity Futures Trading
Commission.
... snip ...
Phil Gramm's Enron Favor .. gone 404 but lives on at wayback machine
https://web.archive.org/web/20080711114839/http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/
A few days after she got the ball rolling on the exemption, Wendy
Gramm resigned from the commission. Enron soon appointed her to its
board of directors, where she served on the audit committee, which
oversees the inner financial workings of the corporation. For this,
the company paid her between $915,000 and $1.85 million in stocks and
dividends, as much as $50,000 in annual salary, and $176,000 in
attendance fees
... snip ...
Jan2009 (decade after asked to try and help prevent the coming economic mess), I was asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash that resulted in Glass-Steagall 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 saying that it won't be needed after all (references to capital hill totally buried under enormous mountains of wallstreet cash).
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
Sarbanes-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
financial.reporting.fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
The Next Financial Calamity Is Coming. Here's What to Watch.
https://www.nytimes.com/interactive/2018/09/12/business/the-next-recession-financial-crisis.html
Seth Klarman: These Are The 20 Forgotten Lessons From The 2008 Crisis
https://www.zerohedge.com/news/2018-09-14/seth-klarman-these-are-20-forgotten-lessons-2008-crisis
Ten Misconceptions About Financial Crisis on 10-Year Anniversary
https://www.bloomberg.com/view/articles/2018-09-14/ten-misconceptions-about-financial-crisis-on-10-year-anniversary
Lehman's Fall Cast a Long, Risky Banking Shadow
https://www.bloomberg.com/amp/view/articles/2018-09-14/lehman-brothers-collapse-rise-of-shadow-banking
Financial panic and credit disruptions in the 2007-09 crisis
https://www.brookings.edu/blog/ben-bernanke/2018/09/13/financial-panic-and-credit-disruptions-in-the-2007-09-crisis/
The Makings of a 2020 Recession and Financial Crisis by Nouriel
Roubini & Brunello Rosa
https://www.project-syndicate.org/commentary/financial-crisis-in-2020-worse-than-2008-by-nouriel-roubini-and-brunello-rosa-2018-09
What We Should Have Learned From the 2008 Financial Crisis
https://www.foreignaffairs.com/articles/2018-09-13/crisis-next-time
Ten years after Lehman's collapse, a massive trader default in Norway
has stunned markets again
https://qz.com/1390227/ten-years-after-lehmans-collapse-a-massive-trader-default-in-norway-has-stunned-markets-again/
Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers
https://www.nakedcapitalism.com/2018/09/pigs-want-to-feed-at-the-trough-again-bernanke-geithner-and-paulson-use-crisis-anniversary-to-ask-for-more-bailout-powers.html
Ten Years After Lehman's Collapse: What caused the Crash of 2008 is
now shaping our post-modern 1930s - der Freitag
https://www.zerohedge.com/news/2018-09-10/10-years-later-lehman-still-shaping-our-post-modern-1930s-moment
The Real Cost of the 2008 Financial Crisis
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis
Ten Years Since Lehman: Biggest Driver of 2008 Financial Crisis Has
Only Got Worse
https://www.zerohedge.com/news/2018-09-11/ten-years-lehman-biggest-driver-2008-financial-crisis-has-only-got-worse
The 2008 financial crisis upturned politics - and it's not done yet
https://moneyweek.com/494638/the-2008-financial-crisis-upturned-politics-and-its-not-done-yet/
The U.S. Financial Crisis
https://www.cfr.org/timeline/us-financial-crisis
10 Years After Lehman. And Nothing Has Been Fixed
https://www.zerohedge.com/news/2018-09-14/10-years-after-lehman-and-nothing-has-been-fixed
Double Whammy: Implicit Subsidies and the Great Financial Crisis
https://www.nakedcapitalism.com/2018/09/double-whammy-implicit-subsidies-great-financial-crisis.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military Blog: Facebook Date: 25 Sep 2018As Debt Rises, the Government Will Soon Spend More on Interest Than on the Military
2002, congress lets the fiscal responsibility act lapse (spending can't exceed tax revenue, on its way to eliminating all federal debt). By 2005, comptroller general was including in speeches that nobody in congress was capable of middle school arithmetic (for how badly they were savaging the budget). 2010, CBO office report 2003-2009 tax revenue cut by $6T and spending increased by $6T for $12T gap compared to fiscal responsible budget (first time taxes were cut to not pay for two wars).
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
TARP funds were justified by the SECTREAS to buy offbook toxic assets to bail out the financial institutions (from the mess they made last decade), but with only $700B appropriated and just the four largest Too Big To Fail still carrying $5.2T ye2008 (over $27T done 2001-2008), it wouldn't have hardly dented the problem and TARP was used for other purposes. The Federal Reserve is left to do the real "bailout", buying trillions in their assets and providing tens of trillions in ZIRP funds. The FEDRES fought long legal battle to prevent disclosing the "real bailout" and when they lost, the FEDRES chair held press conference. He said that he assumed that the TBTF would use the 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 ... used to buy US Treasuries (aka debt) and make >$300B/annum on the spread. Note that FEDRES chair had supposedly been selected in part on being a depression era scholar ... but the FEDRES had tried something similar then with the same results, so the chair should have had no reasonable expectation of something different this time. Note that it doesn't work w/o huge federal debt ... it was sort of confluence of FEDRES and TBTF needed huge federal debt, special interests wanting huge tax cut and military-industrial complex wanting huge spending increase.
TARP addenda ... original finding that they could pay for triple-A rating for securitized mortgages (when rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearings) and immediately sell off everything into the bond market (including to entities restricted to only dealing in "safe" investments, like large pension funds) eliminated having to care about borrower's qualifications or loan quality ... doing no-documentation, liar loans to speed up the process. Then they find that they can do securitize mortgages/loans designed to fail, pay for triple-A, sell into the bond market, and take out CDS gambling bets they would fail, creating huge demands for dodgy mortgages. Now they cared about borrower's qualification, but not in the traditional way. The largest holder of CDS gambling bets was AIG and was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in, has them sign a document that they can't sue those making the bets and take TARP funds to pay off at face value. The largest recipient of TARP funds is AIG and the largest recipient of face value payoffs was the firm formally headed by SECTREAS.
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The LLC Loophole; In New York, where an LLC is legally a person, companies can use the vehicles to blast through campaign finance limits. Blog: Facebook Date: 26 Sep 2018The LLC Loophole; In New York, where an LLC is legally a person, companies can use the vehicles to blast through campaign finance limits.
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/
references corporations are people and can vote in City of London, 32k
corporate voters and 9k human voters.
We the Corporations: How American Businesses Won Their Civil Rights
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
Originally, US corporations were entities that operate in public
interest, but then certain factions wanted those rights extended to
entities that can operate in self interest as well "people" rights
under constitution.
pg36/loc726-28:
On this issue, Hamiltonians were corporationalists--proponents of
corporate enterprise who advocated for expansive constitutional rights
for business. Jeffersonians, meanwhile, were populists--opponents of
corporate power who sought to limit corporate rights in the name of
the people.
pg120|loc1975-78:
The railroad corporations were constitutional first movers who
employed innovative tactics to secure new rights. They envisioned the
lawsuits as a form of strategic litigation, or what their lawyers
called "test cases," to determine whether corporations had the same
rights as ordinary people to equal protection and due process under
the Fourteenth Amendment.
... snip ...
Thomas Jefferson: The Art of Power
https://www.amazon.com/Thomas-Jefferson-Power-Jon-Meacham-ebook/dp/B0089EHKE8/
Loc5080-83:
Hamilton wanted the bank to be funded by federal deposits but run, in
part, for the benefit of private investors. Jefferson and Madison
objected. 29 They feared that the Hamiltonian program would enable
financial speculators to benefit from commercial transactions made
possible by government funds.
... snip ...
inequality posts
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: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 26 Sep 2018A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Steam
We the Corporations: How American Businesses Won Their Civil Rights
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
Originally, US corporations were entities that operate in public
interest, but then certain factions wanted those rights extended to
entities that can operate in self interest as well "people" rights
under constitution.
pgxiv/loc74-78:
Between 1868, when the amendment was ratified, and 1912, when a
scholar set out to identify every Fourteenth Amendment case heard by
the Supreme Court, the justices decided 28 cases dealing with the
rights of African Americans--and an astonishing 312 cases dealing with
the rights of corporations.
pgxviii/loc132-36:
For most of American history, the Supreme Court failed to protect the
dispossessed and the marginalized, with the justices claiming to be
powerless in the face of hostile public sentiment. As we will see,
however, the court's record on corporate rights was much different. In
1809, the Supreme Court decided the first case on the constitutional
rights of corporations, decades before the first comparable cases for
women or racial minorities. And unlike women and minorities, who lost
nearly all of their early cases, corporations won that first case--and
have compiled an impressive list of victories in the years since.
pg36/loc726-28:
On this issue, Hamiltonians were corporationalists--proponents of
corporate enterprise who advocated for expansive constitutional rights
for business. Jeffersonians, meanwhile, were populists--opponents of
corporate power who sought to limit corporate rights in the name of
the people.
pg120|loc1975-78:
The railroad corporations were constitutional first movers who
employed innovative tactics to secure new rights. They envisioned the
lawsuits as a form of strategic litigation, or what their lawyers
called "test cases," to determine whether corporations had the same
rights as ordinary people to equal protection and due process under
the Fourteenth Amendment.
pg229/loc3667-68:
IN THE TWENTIETH CENTURY, CORPORATIONS WON LIBERTY RIGHTS, SUCH AS
FREEDOM OF SPEECH AND RELIGION, WITH THE HELP OF ORGANIZATIONS LIKE
THE CHAMBER OF COMMERCE.
... snip ...
Thomas Jefferson: The Art of Power
https://www.amazon.com/Thomas-Jefferson-Power-Jon-Meacham-ebook/dp/B0089EHKE8/
loc5080-83:
Hamilton wanted the bank to be funded by federal deposits but run, in
part, for the benefit of private investors. Jefferson and Madison
objected. 29 They feared that the Hamiltonian program would enable
financial speculators to benefit from commercial transactions made
possible by government funds.
... snip ...
My wife's father was awarded a set of history books from 1880s, for
some distinction at West Point by daughters of 17th century
http://www.colonialdaughters17th.org/
They reference that if hadn't been for mid-Atlantic (Jefferson, Madison, Scottish etc) influence, the English settlers (Hamilton, Federalists) would have prevailed and our form of government would be more like English with monarch and structured society. The constitution deliberations were kept confidential and when states didn't ratified it, Jefferson was brought back from France to do the Bill of Rights (in order to get constitution ratified). Besides Bill of Rights, Jefferson was also major force behind making sure our country had separation of church and state.
Note the original English settlement was Jamestown that had planned to follow the Spanish model, military to enslave the local natives to support the settlement. It turns out that the North American natives weren't as cooperative and the original settlement starved. English then switched to sending over other members of the British Isles to serve the purpose. The crown charters for those settlements had rigid social structure with the "leet-men" at the bottom and "All the children of leet-men shall be leet-men, and so to all generations".
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Why Dodd-Frank Is A Protection Racket For Banks Blog: Facebook Date: 30 Sep 2018Why Dodd-Frank Is A Protection Racket For Banks
In 1999, I was asked to help try and prevent the coming economic mess (we failed). Decade later in Jan 2009, I was asked to HTML'ize the Pecora Hearings (senate 30s hearings into '29 crash, resulted in criminal convictions and jailtime) with lots of internal HREFs and URLs between what happened this time and what happened them (comments that the new congress might have appetite to do something). I work on it for awhile and then get call that it won't be needed after all (comments that capital hill totally buried under enormous amounts of wall street cash).
Eventually they apparently decided that they would have to do
something. Note that one of the sponsors of Dodd-Frank is also on the
list of friends
https://en.wikipedia.org/wiki/Angelo_Mozilo#Friends_of_Angelo_.28FOA.29_VIP_program
of the number one person on Time's list of those responsible for the economic mess.
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
They had industry lobbyists writing sections to kneecap and discredit the bill:
1) sections that sounded good, but would have little or no effect on actual business 2) sections that were extraordinarily complex and contradictory making it impossible to create regulations 3) ridiculous sections that were leaked and then the same lobbyist that drafted the sections would publicly criticize them.
"Confidence Men"
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
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.
... snip ...
also has several references that essentially wallstreet was using the EHM debt strategy against the American public. Other references were about new president having to choose between the economic A-team (Volcker et al) and the B-team. The A-team was instrumental in getting him elected, but the A-team would have held wallstreet and the too big to fail accountable, which would have likely taken down most of those institutions (so new president chooses the b-team that wasn't going to hold anybody responsible).
some other refs from the period:
Deja Vu on the Hill: Wall Street Lobbyists Roll Back Finance Reform, Again
http://www.rollingstone.com/politics/blogs/taibblog/deja-vu-on-the-hill-wall-street-lobbyists-roll-back-finance-reform-again-20130521
Bank Lobbyists Writing the Rules for Wall Street (gone 404, but lives
on at wayback machine)
https://web.archive.org/web/20130717003250/http://www.pogo.org/blog/2013/05/bank-lobbyists-writing-the-rules-for-wall-street.html
Banks' Lobbyists Help in Drafting Financial Bills
http://dealbook.nytimes.com/2013/05/23/banks-lobbyists-help-in-drafting-financial-bills/
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 30 Sep 2018re:
Putting Democracy in Chains; Charles Koch's and the Republican
Party's War Against the US Constitution and Democracy
https://johnhively.wordpress.com/2018/09/23/putting-democracy-in-chains-charles-kochs-and-the-republican-partys-war-against-the-us-constit
Part 1: Charles Koch, the Republican Party, and Their War Against U.S. Democracy
https://johnhively.wordpress.com/2018/09/20/part-1-charles-koch-the-republican-party-and-their-war-against-u-s-democracy/
We can either have democracy in this country or we can have great
wealth concentrated in the hands of a few, but wa can not have both -
Justice Louis Brandis
... snip ...
inequality posts
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: Re: IBM mainframe today Newsgroups: alt.folklore.computers Date: Mon, 01 Oct 2018 03:36:04 -0700ted@loft.tnolan.com (Ted Nolan <tednolan>) writes:
today's systems.
https://en.wikipedia.org/wiki/IBM_mainframe#Today's_systems
note that they still require CKD DASD, even though they haven't been manufactured for decades, simulated on industry standard fixed-block disks.
there is P/390 ... can get software license ftp://p390.ibm.com/doc/p390/p390_hwd.htm ftp://p390.ibm.com/doc/p390/p390_prh.htm ftp://p390.ibm.com/doc/p390/p390_ovr.htm
precursor was A74/7437 by same group ... old email
https://www.garlic.com/~lynn/2000e.html#email880622
in this post
https://www.garlic.com/~lynn/2000e.html#56 Why not an IBM zSeries workstation?
current is zPDT ... (IBM) emulator that runs on PC/Linux
http://www.redbooks.ibm.com/abstracts/sg248205.html
some history
https://en.wikipedia.org/wiki/PC-based_IBM-compatible_mainframes
other triva: I got con'ed into doing channel extender support for STL
in 1980 when they were moving 300 people from the IMS group to offsite
bldg (with dataprocessing support back to STL datacenter). Hardware
vendor tried to get IBM permission to release my support ... but there
was group in POK that was playing with some serial stuff and got that
veto'ed (were afraid that if it was in the market, it would make
it harder to justify releasing their stuff) ... some past
posts
https://www.garlic.com/~lynn/submisc.html#channel.extender
then in 1988, I was asked to help LLNL get some serial stuff
they were playing with standardized ... which quickly becomes
Fibre Channel Standard (including some of the stuff I did in
1980).
https://en.wikipedia.org/wiki/Fibre_Channel
The POK people finally get their stuff released as ESCON in 1990 (with ES/9000) when it is already obsolete.
Then some POK engineers get involved in FCS and defined a heavy weight
protocol that drastically reduces the native throughput ... which is
eventually released as FICON. The most recent peak I/O benchmark numbers
I've seen are for z196 getting 2M IOPS using 104 FICON (running over 104
FCs). About the same time a FCS was announced for E5-2600 blade claiming
over million (native) IOPS (two such having more throughput than 104
FICON). some past posts
https://www.garlic.com/~lynn/submisc.html#ficon
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM today Newsgroups: alt.folklore.computers Date: Mon, 01 Oct 2018 03:48:02 -0700hancock4 writes:
past posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
look at recent IBM financials ... mainframe hardware is declining part of the business ... was 5% of revenue and dropping ... but total mainframe group (including software and services) was 25% of revenue (and 40% of bottom line) ... aka milking some very high end customers (even when they weren't buying new machines).
2000 I did some performance work for financial datacenter that was running 450k statement cobol application on over 40 max. configured mainframes (at $30M/pop) ... constantly being upgraded, none older than 18months (got 14% improvement in the cobol app, which translated into the max. number of mainframes needed). ... there are a relatively small number of these datacenters that provide the majority of the mainframe revenue
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM today Newsgroups: alt.folklore.computers Date: Mon, 01 Oct 2018 04:01:16 -0700J. Clarke <jclarke.873638@gmail.com> writes:
industry standard server chips are under intense pressure from the large cloud datacenters to optimize computation power efficiency. They have been claiming for over a decade that they assemble their own servers for 1/3rd the cost of servers from brand name vendors ... possibly motivation for IBM to have sold off that server business a couple years ago ... especially after the server chip makers said that they were shipping over half their product directly to large cloud megadatacenters.
The cloud megadatacenters had so drastically reduced their server cost (server cost/BIPS something like 1/100,000 that of IBM mainframe) that power&cooling was becoming increasingly major cost factor ... and they started applying significant pressure to their server chip vendors to improve power&cooling efficiencies. Somewhat was result, industry standard benchmarks have been expanded past cost/transaction ... to also power-efficiency/transaction ... and power efficiency rating is now standard for cloud megadatacenters.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 01 Oct 2018re:
Democratic republic
https://en.wikipedia.org/wiki/Democratic_republic
A democratic republic is a form of government operating on principles
adopted from a republic and a democracy. Rather than being a cross
between two entirely separate systems, democratic republics may
function on principles shared by both republics and democracies.
... snip ...
Is the United States of America a republic or a democracy
https://www.washingtonpost.com/news/volokh-conspiracy/wp/2015/05/13/is-the-united-states-of-america-a-republic-or-a-democracy/
The United States is not a direct democracy, in the sense of a country
in which laws (and other government decisions) are made predominantly
by majority vote. Some lawmaking is done this way, on the state and
local levels, but it's only a tiny fraction of all lawmaking. But we
are a representative democracy, which is a form of democracy.
... snip ...
The 1880 history books given to West Point graduates for some
distinction by the daughters of 17th century
http://www.colonialdaughters17th.org/
goes into some detail that Jefferson was brought back from France when
the constitution wasn't being ratified ... and along with Madison and
others did the "Bill of Rights", the addition was finally possible to
get the constitution ratified.
https://en.wikipedia.org/wiki/United_States_Bill_of_Rights
The Bill of Rights is the first ten amendments to the United States
Constitution.[1] Proposed following the often bitter 1787-88 battle
over ratification of the U.S. Constitution, and crafted to address the
objections raised by Anti-Federalists, the Bill of Rights amendments
add to the Constitution specific guarantees of personal freedoms and
rights, clear limitations on the government's power in judicial and
other proceedings, and explicit declarations that all powers not
specifically delegated to Congress by the Constitution are reserved
for the states or the people
... snip ...
frequently characterized as Jefferson/populists trying to limit powers
supported by Hamilton/Federalists. As discussed in some detail: "We
the Corporations: How American Businesses Won Their Civil Rights"
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
the Federalists have been fighting back by getting constitutional
rights extended to corporations ... corporations were originally
entities that were to operate in the public interest, this was first
compromised by removing the "operate in public interest" restriction
(i.e. allowing them to operate in self-interest) ... and then the
campaign to get constitutional rights for corporations (i.e.
corporations are "people"). Also major propaganda campaign by
corporations/industrialists after getting such a bad reputation for
the depression and supporting Nazi Germany, for equating Capitalism
with Christianity (result including adding "Under God" to the pledge
of allegiance in the early 50s)
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: IBM Z and cloud Newsgroups: bit.listserv.ibm-main Date: 1 Oct 2018 12:14:14 -0700smetz3@GMU.EDU (Seymour J Metz) writes:
There was lots of work on CP67 to reduce offshift charges when (initially) use was light (and little revenue based on online use) ... this included dark room operation ... not requiring onsite operator ... as well as special terminal channel program that would go to sleep when no characters were arriving ... but would immediately wake up to accept incoming characters (allowing system clock & charges to stop when system idle). They also fairly quickly moved up the value stream specializing in offering services to the financial industry and had to provide significant security features (when multiple competing financial operations all using the same systems).
past scince center posts
https://www.garlic.com/~lynn/subtopic.html#545tech.
Trivia: long after IBM changed from leased to selling hardware ... MVS still had timer event that would wake up every 400ms (to make sure system clock never stopped).
other triva: science center also started offering its virtual machine CP67 services to other internal IBM operations as well as (free) to various employees and students at various institutions of higher learning in the Cambridge/Boston area. CSC had also ported apl\360 (typically ran with 16kbyte workspace) to CMS as CMS\APL ... including allowing workspace to be virtual address space size and offering API for system services (like file read/write) ... greatly expanding the real-world applications that could be done on APL. Early user was business planning/forcasting from IBM Armonk hdqtrs that loaded the most holy of IBM data (detailed customer information) on the system ... for modeling ... and significant security had to be demonstrated ... making sure people like MIT students wouldn't be able to access corporate data.
For over decade the large cloud operations have claimed they assemble their own server systems for 1/3rd the price of brand name server systems (a typical cloud megadatacenter will have over half million blade systems), likely part of the motivation for IBM selling off its server product business ... along with announcements from the server chip (processors, etc) makers were shipping over half their chips directly to the large cloud operations.
The large cloud operations have reduced the cost of their servers so drastically that they are able to significantly over provision for "on-demand" (i.e. huge number of idle systems that can be instantly "on-demand" operation) ... these costs are possibly 1/100,000 the cost/BIPS of typical IBM mainframe. Because they have reduced server costs so significantly power&cooling has become increasing major portion of cloud megadatacenter ... and they have put significant pressure on server chip makers to optimize execution power consumption as well as drop to zero when systems are idle (but instantly on for "on-demand").
There are some number of vendors looking at leverage a lot of the enormous work down by the cloud megadatacenters for marketing in-house cloud operations to businesses.
The comparison to the 60s virtual machine commercial online operation ... is cloud datacenter (with over half million systems) typically operate with staff of 80-120 people (compared to cp/67 dark room operation) ... and power/cooling dropping to zero when systems are idle ... but are instantly on (compared to 360 channel programs allowing channel to go idle allowing system meter to stop ... but instantly on) ... as well as quite a bit of work on security.
Early 70s also had TYMSHARE (on west coast) offering online commercial
services (now with VM370). In Aug1976, TYMSHARE also started offering is
CMS-based online computer conference "free" to SHARE as VMSHARE
... archives here:
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
other trivia: as undergraduate in the 60s, I was brought into small group in Boeing CFO office to help with consolidating all dataprocessing into Boeing Computer Services (independent business unit to better monetize the investment, just renton datacenter had something between $200M-$300M, 60s dollars, in 360 mainframes, 360/65s were arriving faster than they could be installed, boxes constantly being staged in the hallways around the machine room). I had done a great deal of os/360 optimization previously at the university as well as rewritten large parts of CP67 ... which I was also to install).
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From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: IBM Z and cloud Newsgroups: bit.listserv.ibm-main Date: 1 Oct 2018 12:35:03 -0700sipples@SG.IBM.COM (Timothy Sipples) writes:
originally funded/developed by (renamed/reorged IBM disk division) ADSTAR software VP ... as part of trying to work around the communication group ... also provided venture/startup funding to entities doing distributed computing support that would use mainframe for disk storage.
I've mentioned before that senior disk engineer got talk scheduled at world-wide, annual, internal communication group ... supposedly on 3174 performance ... but opened the talk that the IBM communication group was going to be responsible for the IBM disk division. The issue was that the communication group had corporate strategic responsibility for everything that crossed datacenter walls and were fiercely fighting off distributed computing and client/server ... trying to preserve their (emulated) dumb terminal paradigm and install base. The disk division was seeing data fleeing to more distributed computing platforms with drop in disk sales ... their efforts to correct the problems were constantly being veto'ed by the communication group. "POSIX" support was part of work-around (since it didn't directly involve crossing the datacenter walls) and funding distributed computing startups didn't directly challenge communication group IBM ownership of everything (IBM) that crossed the datacenter wall. The communication group stranglehold on mainframe datacenters didn't just disks ... and a few years later IBM goes into the red.
POSIX ... portable operating system interface ... originally 1988
https://en.wikipedia.org/wiki/POSIX
z/OS here
https://en.wikipedia.org/wiki/POSIX#Compliant_via_compatibility_feature
trivia: "ADSTAR" was the furthest along with reoganization of IBM into
the 13 "baby blues" in preparation for breaking up the
company. reference gone behind paywall, but mostly lives free at wayback
machine
https://web.archive.org/web/20101120231857/http://www.time.com/time/magazine/article/0,9171,977353,00.html
then new CEO was brought in and the breakup reversed ... although as predicted ... IBM disk group no long exists ... even tho CKD DASD is still required ... but haven't been manufactured for decades, all being emulated on industry standard fixed-block disks.
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM mainframe today Newsgroups: alt.folklore.computers Date: Mon, 01 Oct 2018 12:52:22 -0700re:
there is also ibm-main mailing list discussion group ... originated in
the 80s on corporate sponsored univ. BITNET (for a time larger than
arpanet/internet) ... also EARN in europe
https://en.wikipedia.org/wiki/BITNET
ibm-main mailing list gatewayed to usenet, which is in turned
gatewayed to google groups ... archives here
https://groups.google.com/forum/#!forum/bit.listserv.ibm-main
recent thread on "IBM Z and cloud"
https://groups.google.com/forum/#!topic/bit.listserv.ibm-main/oa2r6JJYZJ4
other trivia: listserv originated in Paris on EARN in mid-80s
https://en.wikipedia.org/wiki/LISTSERV
past posts mentioning bitnet (& earn)
https://www.garlic.com/~lynn/subnetwork.html#bitnet
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 01 Oct 2018re:
with regard to the corporate propaganda campaign equating Capitalism with Christianity (deflect from being responsible for depression and supporting Nazi Germany).
Note that John Foster Dulles played major role in rebuilding Germany's
economy, industry and military 20s thru early 40s. 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.
In the red scares ... all sort of propaganda was repositioned as opposition to USSR and PRC. In the 50s, John Foster Dulles is quoted as saying that he justified supporting Nazis from the 20s through the early 40s as a counterforce to the Soviet Union (as opposed to supporting capitalism).
other trivia: Milton Miles book ("Another Kind of War") first half was
about going into china to setup coastal watchers but then spent much
of the rest training 50,000 guerrillas fighting the Japanese. He then
spends the last half of the book about how OSS and Army (& Wedemeyer)
gave china to the communists. They came in and wanted to take over the
whole (nationalists) operation. The US Navy and Nationalists rebuffed
them, so to get something they could take credit for, they support the
communists.
https://www.amazon.com/different-kind-war-little-known-guerrilla/dp/B0007IYOFW/
https://books.google.com/books/about/A_Different_Kind_of_War.html?id=U4pBAAAAIAAJ
However, it is also claimed that US believed that it needed Soviets to
defeat Japan (after the end of German hostilities) and part of
placating the Soviets was aiding Mao in Manchuria. After Germany, in
Manchuria there was 1.5M Soviets fighting 1M Japanese. By comparison
Okinawa, US had 600k fighting 76k Japanese. This covers a lot of
Soviets in WW2, including Manchuria.
https://www.amazon.com/HISTORICAL-PERSPECTIVES-OPERATIONAL-ART-ANTHOLOGY-ebook/dp/B0086W3GX2/
Marshall backs Wedemeyer & the Army, Wedemeyer testimony Dec 1947,
possibly realizes what was done wrong
https://web.archive.org/web/20090813223215/http://www.time.com/time/magazine/article/0,9171,804381,00.html
Marshall is SECSTATE (1947-1949) and State puts out white paper trying
to absolve State of blame for giving China to the communists
https://archive.org/details/VanSlykeLymanTheChinaWhitePaper1949
This has Marshall&Wedemeyer very close ... and then beginning red
scare era, Wedemeyer was telling Marshall one thing and the McCarthy
people something else
https://www.amazon.com/China-Mission-Marshalls-Unfinished-1945-1947/dp/0393240959/
loc5495-99:
Others joined in McCarthy's crusade. Wedemeyer helped quietly at
first, and then, having whispered darkly about Marshall ever since the
canceled ambassadorship, went public. Wedemeyer's self-congratulatory
memoir alleged that exhaustion and intellectual shortcomings had made
Marshall "easy prey to crypto-Communists, or Communist sympathizing
sycophants, who played on his vanity to accomplish their own ends."
Marshall's China mission, according to Wedemeyer, caused the
Nationalists to become "so disheartened and demoralized by our
attitude that they finally ceased to resist the Communists."
... snip ...
What if the Kuomintang Had Won the Chinese Civil War?
https://thediplomat.com/2015/12/what-if-the-kuomingtang-had-won-the-chinese-civil-war/
There would have been no Korean war, no domino theory, no vietnam?
Note: my wife's father was command of engineering combat group in Europe, and after defeat of Germany, he was sent over in 1946 as military adviser ("MAGIC") to Chiang Kai Shek and he brought his family over in 1947 to live in Nanking (my wife remembers being evacuated out of Nanking in Army cargo plane on 3hrs notice when the city was ringed).
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 01 Oct 2018re:
Representative Democracy
https://en.wikipedia.org/wiki/Representative_democracy
Criticisms
https://en.wikipedia.org/wiki/Representative_democracy#Criticisms
A drawback to this type of government is that elected officials are
not required to fulfill promises made before their election and are
able to promote their own self-interests once elected, providing an
incohesive system of governance.[21] Legislators are also under
scrutiny as the system of majority-won legislators voting for issues
for the large group of people fosters inequality among the
marginalized.[22]
... snip ...
references Oligarchy
https://en.wikipedia.org/wiki/Oligarchy
Putative oligarchies
https://en.wikipedia.org/wiki/Oligarchy#Putative_oligarchies
specific example United States
https://en.wikipedia.org/wiki/Oligarchy#United_States
references: Income inequality in the United States, Impact on
democracy and society
https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#Impact_on_democracy_and_society
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: IBM today Newsgroups: alt.folklore.computers Date: Mon, 01 Oct 2018 22:15:16 -0700J. Clarke <jclarke.873638@gmail.com> writes:
The industry standard benchmarks now even include power/cooling per transaction ... it has been a couple decades since IBM has published industry standard benchmarks ... when it was still just cost/transactions ... and before the move to also include power/transaction.
PUE introduced in 2006 and large cloud megadacenters regularly
quote their values ... have also not seen any similar for any
mainframe datacenter
https://en.wikipedia.org/wiki/Power_usage_effectiveness
IBM article on datacenter PUE ... but fails to make any reference to
mainframe, highlights that it has the largest portfolio of registered data
centers ... but says nothing about the total number systems (large
cloud operation will have a dozen megadatacenters each with more than
half million systems)
https://www.ibm.com/ibm/environment/climate/datacenter_energy.shtml
this 2008 article says typical customers running X86 servers at 2-10%
utilization, but all drawing full energy ... can be consolidated on z/VM
mainframe using less total energy.
http://enterprisesystemsmedia.com/article/ibms-smoking-gun-proof-that-mainframes-are-the-most-energy-efficient-comput
same story also from decade ago
https://searchdatacenter.techtarget.com/news/1276233/IBM-mainframes-trounce-x86-servers-on-energy-efficiency-IBM-says
however, it doesn't mention this decade, customers were consolidating
10-20 X86 servers on standard X86 with X86 virtualization ... and standard
(X86) server improvements
http://www.tpc.org/information/press/tpcpress20100202.asp
TPC (benchmark) pricing
http://www.tpc.org/pricing/default.asp
and TPC (benchmark) energy
http://www.tpc.org/tpc_energy/default.asp
IBM claims z14 23% better power efficiency than z13 ... could get almost that amount just from change to smallere circuit size. z13, 140 processors, 100BIPS (710MIPS/proc), Jan2015 z14, 170 processors, 150BIPS (862MIPS/proc), Aug2017
It has been decades since ibm did mainframe industry standard benchmark
comparisons for cost/transaction which have since also evolved
power/transaction
http://www.tpc.org/tpc_energy/default.asp
megadatacenters are approaching 1.0 PUE ... with at least ten
times better power/transaction.
https://www.forbes.com/sites/forbestechcouncil/2017/12/15/why-energy-is-a-big-and-rapidly-growing-problem-for-data-centers/
z196 (max configured 50BIPS) era cloud datacenters used four core/chip, two chip (8 processors) e5-2600v1 blades with processing rating of 400-530BIPS per blade (ten times z196). They went through v2, v3, and v4 generations before Intel rebranded platinum, gold, silver, bronze XEON server chips. They currently run 4-28 cores/chip and 2-8 chips per blade, aka 8-224 processors/blade (and 16-448 threads/blade) ... with blades that easily exceed 1.5TIPS/blade (10-50 max. configured z14) and typical megadatacenter with over half million such blades and large cloud operator will have 6-12 such megadatacenters ... approach ten million such blades. Their blade costs have dropped so dramatically that even modest power efficiency improvements it is easy to totally turn-over all blades. There volumes are so huge they have lots of clout with server chip makers to get enhanced customized tailor chips.
IBM use to give aggregate mainframe systems revenue per year ... max. configured systems have been pretty steady around $30M ... so it was straight forward to calculate numbers of processor chips needed per year (at six cores/chip). Also able to find chip size and calculate approx. number of chips per (manufacturing fab) wafers ... and single minimum size wafer run has providing enough processors for multiple year of mainframe sales. Now they just give sales number with respect to previous year ... so now to get a real number have to run thruough several years of percent changes.
Introducing the IBM z14 Model ZR1, designed for the data-centric cloud
ecosystem, with maximum security and enterprise server quality
http://www-01.ibm.com/common/ssi/ShowDoc.wss?docURL=/common/ssi/rep_ca/8/897/ENUS118-018/index.html&request_locale=en
triva: recent z196 2M IOPS peak i/o throughput ref
https://www.garlic.com/~lynn/2018f.html#12 IBM mainframe today
required 104 FICONs (running over 104 FCS) ... while there was E5-2600 FCS announced claiming over million IOPS on single FCS. The corresponding zHPF description claimed 30% improvement over standard FICON ... and included doing a little bit of what I had done for STL channel-extender in 1980 and included in the original FCS standard definition.
for other trivia: I worked with Jim Gray at IBM SJR
https://www.tpc.org/information/who/gray5.asp
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining Blog: Facebook Date: 02 Oct 2018re:
Inequality by itself kills nations, it is the "opportunity" for
innovation and change that energizes economies and makes them more
efficient. Recently inequality has increased and opportunity has
significantly decreased. "Why Nations Fail" also spends quite a bit of
time looking at independent action (supported by universal education)
contrasted to rigid, top-down, command&control.
https://www.amazon.com/Why-Nations-Fail-Prosperity-ebook/dp/B0058Z4NR8
Slight topic drift ... related to my "Why Nations Fail" comment. Early
80s, I was introduced to John Boyd and would sponsor his briefings at
IBM. When he was instructor at Nellis, he was considered possibly best
fighter pilot in the world. He had invented E/M theory used for
training fighter pilots and then designing fighter planes. He used it
for resign of the original F15 (including cutting weight nearly in
half) and then design of YF16 & YF17 which becomes F16 & F18. 1990,
the Marine Corps Commandant leveraged Boyd for make-over of the corps
... and we've continued to have meetings on the subject at Marine
Corps University at Quantico (the USAF bomber culture hated him and by
the time he passes the USAF had pretty much disowned him and it was
the Marines at Arlington). During briefings he would comment that US
business culture was being contaminated by former military officers
steeped in rigid, top-down, command&control (however, about this time,
articles were also starting to appear that MBAs were starting to
destory US businesses with myopic focus on short term quarterly
results). John Boyd's Art of War; Why our greatest military theorist
only made colonel.
http://www.theamericanconservative.com/articles/john-boyds-art-of-war/
Boyd posts and URLs
https://www.garlic.com/~lynn/subboyd.html
Original purpose of patent office in the constitution was to protect
creative/innovative individuals from institutions trying to preserve
existing status quo (disruptive innovation making economy more
efficient). Recently it has inverted, corporations doing enormous
numbers of defensive patents protecting status quo and inhibiting
innovation. Business schools now teach how to monopolize markets and
use patents to control innovation and change, preserving status
quo. The Price of Inequality: How Today's Divided Society Endangers
Our Future
https://www.amazon.com/Price-Inequality-Divided-Society-Endangers-ebook/dp/B007MKCQ30/
pg35/loc1169-73:
In business school we teach students how to recognize, and create,
barriers to competition -- including barriers to entry -- that help
ensure that profits won't be eroded. Indeed, as we shall shortly see,
some of the most important innovations in business in the last three
decades have centered not on making the economy more efficient but on
how better to ensure monopoly power or how better to circumvent
government regulations intended to align social returns and private
rewards.
... snip ...
We the Corporations: How American Businesses Won Their Civil Rights
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
pg245/loc3881-87:
The notion that corporations should devote themselves to maximizing
profits is often taken to be one of the bedrock principles of
corporate law and governance. In the early history of corporations,
however, business corporations were much different; as Blackstone
wrote in his Commentaries, corporations could only be formed if they
served public purposes. Today, in part because of the Dartmouth
College case, that rule no longer applies, and modern business
corporations are considered private entities that need not serve any
explicitly public objective.
... snip ...
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
some topic drift ... a couple former Oracle people (that I had worked with on DBMS) were at small client/server startup responsible for something called "commerce server" and I was brought in as consultant because they wanted to do payment transactions on the server. The startup had also done this technology they called "SSL" they wanted to use, the result is now frequently called "electronic commerece". The actual deployment preserved the existing institutions, business processes and payment transactions fees (which actually increased because they had significant portion prorated on fraud).
Because of having done "electronic commerce", I was asked to participate in international financial standards. I authored a transaction protocol and designed an enhanced payment card for both point-of-sale and internet that would eliminate nearly all the existing fraud. It had the downside of eliminating justification for 90% of payment fees (represented several score billions) and eliminate barriers to entry for new payment processors ... effectively commoditizing payment transaction business. Twenty years later and still nothing has been done (originally, electronic commerce had no downside for existing financial institutions).
total topic drift, I was also asked to talk to a group of hollywood studios about how to change the movie distribution business. One of the issues was theaters under reported admissions and could take six months or more to settle payments (for showing film). Would it be possible for studios to directly get accounting of admissions along with immediate settlement of payments. They also wanted to throw in move from film to digital (both recording & projection), using it to address various piracy issues.
total trivia: earlier in 1983 I was asked to aid Berkeley 10m project. They were looking at putting up new observatory on mountain in Hawaii (they got funding from Keck foundation and was renamed Keck observatory) ... also wanting to move from film to digital and electronic transmission enabling remote observing from the mainland. They were testing technology at Lick observatory (east of San Jose) ... including 200x200 (40K pel) CCD. At the time, there was rumors that Spielburg was playing with 2048x2048, 4M pel CCD; 16M pel CCD quite common in cameras today. More movie trivia, when I first moved to San Jose, one of my co-workers was member of San Jose Astronomy club and would tell stories about Lucas would bring draft scripts for eight star wars movies for the club to review.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Financial Sector Data Breaches Soar Despite Heavy Security Spending Blog: Facebook Date: 03 Oct 2018Financial Sector Data Breaches Soar Despite Heavy Security Spending; Banks and other financial firms have disclosed three times as many breaches so far this year than they did in 2016, Bitglass says.
we had been brought in to help wordsmith some cal. state legislation. at the time they were working on electronic signature, data breach notification (first in country), and opt-in personal information sharing. many of the participants were involved in privacy issues and done detailed public surveys and found that #1 issue was identity theft, primarily involving fraudulent financial transactions as a result of some breach. there was hope that publicity from the notifications would result in corrective action. The problem is that normally entities take security measures in self protection, however in the case of most breaches, the institutions weren't at risk, it was the public.
past posts
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: LikeWar: The Weaponization of Social Media Blog: Facebook Date: 03 Oct 2018LikeWar: The Weaponization of Social Media - An OODA-Loop interview with P.W. Singer
In 1968, two spin-offs from the IBM cambridge science center formed to
provide commercial online services using CP/67-CMS (developed at the
science center). In the early 70s, TYMSHARE was also providing
commercial online services using VM370-CMS (follow-on to CP/67-CMS). In
AUG1976, TYMSHARE started providing its CMS-based online computer
conferencing free to (IBM user group) SHARE as VMSHARE ... archives
here
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
I arranged with TYMSHARE to get a updated monthly tape of all VMSHARE files to make available on internal IBM systems and the internal IBM network (larger than arpanet/internet from just about the beginning until mid-80s) ... a major difficulty was with IBM lawyers that were concerned that exposing IBM employees to customer information would contaminate them. I was also blamed for online computer conferencing (precursor to social media) on the internal network in the late 70s and early 80s. Folklore is that when the corporate executive committee was told about online computer conferencing (and the internal network), 5of6 wanted to fire me.
Somewhat as a result, a researcher was paid to study how I communicate ... they sat in the back of my office for nine months taking notes (face-to-face, telephone, etc), went with me to meetings, got copies of all my incoming & outgoing email as well as logs of all instant messages. The result was research reports, Stanford Phd (joint with language and computer AI), papers, talks and books.
some past posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
As online computer conferencing spread to larger audiences in the 80s, saw various kinds of behavior appear ... one such started to be referred to as "trolls" ... people trying to incite/provoke public emotional arguments. Things got more complex with trolls assuming multiple personas, taking multiple sides of an arguments, attempting to bring others into the discussion.
a little drift: In the early 80s, I was introduced to John Boyd and
would sponsor his briefings at IBM. John Boyd's Art of War; Why our
greatest military theorist only made colonel.
http://www.theamericanconservative.com/articles/john-boyds-art-of-war/
in briefings he would include discussion of his OODA-loop
https://en.wikipedia.org/wiki/John_Boyd_(military_strategist)#The_OODA_Loop
and
https://en.wikipedia.org/wiki/OODA_Loop
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: LikeWar: The Weaponization of Social Media Blog: Facebook Date: 04 Oct 2018re:
We would have friday's after work with people from research, disk engineering, STL, sometimes customers from silicon valley, etc ... usually at some place around the San Jose plant site, but would sometimes stray over to Los Gatos (or other places). One of the discussions was silver bullet to get management & executives to use computers. One of the things we came up with was online telephone books ... Jim Gray would spend no more than two weeks writing the lookup app and I would spend no more than two weeks putting together processors to acquire, reformat and redistribute the phone books. The PROFS group would pick up internal applications and wrap menus around them, including the phone book app and an early version of internal VMSG for their email client. The VMSG author attempts to offer them an enhanced version and they tried to get him fired (because they had taken credit for the email client). The whole thing quiets down when the VMSG author demonstrates that his initials are in every PROFS email (in nondisplayed field).
At some point late 1979 or early 1980, there was rapid spreading rumor that top IBM executives where communicating via email and suddenly every manager in the company needed a 3270 terminal on their desk. This was in period when 3270 terminals weres part of annual budget and required VP signoff ... and lots of justified development 3270 terminals disappeared to manager desks (which spent all day with VM370 logo or PROFS menu being burned into screen, while their assistants actually processed email). Unused terminals on managers desk were still a status symbol a decade later with PS2/486 with large screens being rerouted and spent the day unused for 3270 terminal emulation (with vm370 logo or PROFS menu being burned into the screen) in some manager's office.
Late 80s, there was PROFS issue in the executive branch ... where some apparently believed if they deleted email, it totally disappeared (and weren't on backup tapes). In the 90s, the executive branch started preventing backup tapes from being made ... until GSA & NA tightened up processes ... after the turn of the century the executive branch started making extensive use of non-gov email (emails that disappeared went from tens of thousand to millions).
Other tivia: we would have monthly user group meetings at SLAC and go
to Oasis afterwards.
https://padailypost.com/2018/04/14/the-puzzling-closure-of-the-oasis/
The first webserver in the US was on the SLAC VM370 system
https://ahro.slac.stanford.edu/wwwslac-exhibit
https://ahro.slac.stanford.edu/wwwslac-exhibit/early-web-chronology-and-documents-1991-1994
couple comments done for this thread in other discussion groups
Early 80s, I had project I called HSDT (high-speed data transport)
with (full-duplex) T1 and faster speed links. This included working
with director of NSF and we were suppose to get $20M to interconnect
the NSF supercomputer centers. Then congress cuts the budget, some
number of things happen and eventually NSF released RFP (in part based
on what we already had running) ... archived preliminary announcement
(28Mar1986)
https://www.garlic.com/~lynn/2002k.html#12
as regional networks connect into the centers, it morphs into the
NSFNET backbone, precursor to modern internet.
https://www.technologyreview.com/s/401444/grid-computing/
posts mentioning NSFNET
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
HSDT posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
In addition to TCP, also had mainframe VNET (internal network, also used for corporate sponsored BITNET) that I wanted to support. VNET used the VM Spool which was a 4kbyte buffered synchronous API (i.e. when buffer needed to be read or written, associated process was disabled). Spool file system on 3330 might get 30-40 4k spool disk I/Os per second ... but with multiple other users, VNET might be limited to 4-8 4k spool disk I/Os per second or 16kbyte-32kbyte per second (160kbit-320kbit/second). For full duplex T1, I needed 150kbytes/sec in each direction or 300kbytes/sec aggregate for each T1.
In early 80s, I redid VM spool implementation in VS/Pascal running in virtual address space ... VM kernel making spool upcalls to the spool processor. It implemented support for asynchronous spool r/w operations (VNET not disabled for execution while buffers being read/written), large file contiguous allocation with multiple buffer read/writes, as well as buffer read-ahead and write-behind. Eventual objective was come close to 3mbyte/sec spool throughput on 3380 (sort of analogous to the VM/SP ten page, full-track 3380 "swapping" support). There was also some fancy new stuff spool file speed&function for checkpoint and recovery. Also since it was isolated in virtual address space, glitches didn't take down the VM service (spool was no longer direct function of the underlying kernel). Also kernel implementation used serial search of spool file lists ... which became really processor expensive with large number of files. I implemented combination tree/hash that ran significantly faster (with large number of files) ... significantly increased the spool file records/sec at the same time using less processor.
It never did get very wide use, in part because the communication group didn't support anything more than 56kbits/sec links on their 37x5 products. The communication group also tried hard to block release of the VM370 TCP/IP product (implemented in VS/Pascal) ... and when they couldn't, the said they had to release it (since they had corporate strategic responsibility for everything that cross datacenter wall). What initially shipped got 44kbytes/sec throughput using nearly whole 3090 CPU. I then did the enhancements to support RFC1044 and in some tuning tests at Cray Research between 4341 and Cray, got sustained channel throughput using only modest amount of 4341 processor (possibly 500 times improvement in bytes moved per instruction executed).
RFC1044 posts
https://www.garlic.com/~lynn/subnetwork.html#1044
AWD had done their own AT-bus (16bit) 4mbit T/R card for PC/RT. However for RS/6000, AWD wasn't allowed to do their own cards and had to do PS2 microchannel cards ... that were all implemented with low-throughput design point. For instance the PS2 microchannel 16mbit T/R card had lower per card throughput (aka 300+ cards design point sharing single LAN bandwidth doing terminal emulation) than the PC/RT 4mbit T/R (PC/RT server having higher thruput than RS/6000 server). Similar problems with all the other PS2 cards (joke that it would limit RS/6000 to thruput of PS2) ... finally AWD did RS/6000 730 with VMEbus to get around the internal politics not allowing them to do their own (microchannel) cards (and used industry standard high speed VMEbus cards).
Late 80s, my wife wrote 3-tier architecture with ethernet and some other high-speed stuff into response for gov. super high-security high-throughput large campus request ... and then we were out doing customer executive presentations on the design. This earned us lots of arrows in the back from communication group, SNA, SAA, and token-ring forces. Some of the arrows was Dallas E/S did a report showing 16mbit T/R was far superior to 10mbit ethernet (however it appeared that they used original ethernet 3mbit/sec prototype before ethernet CSMA/CD standard). Note, the new Almaden Research bldg had been done with lots of CAT4 (assuming 16mbit T/R) but found that running 10mbit ethernet over CAT4 had more aggregate LAN throughput, more per card LAN throughput, and lower latency (than 16mbit T/R).
Part of the issues was that SNA didn't have a network layer ... which contributed to configurations with hundreds of T/R cards sharing common 16mbit LAN (less than half that effective aggregate throughput). For less cost than 300 16mbit T/R cards, could have 300 high-performance ethernet cards with non-IBM channel interface RFC1044 router supporting up to 16 ethernet lans ... ten of the lans with 30 machines/lan (more per LAN throughput plus 1/10th the stations/lan, high-speed router stitching it together) and six of the lans with high-speed (RS/6000) servers ... plus high-speed channel interface.
3-tier posts
https://www.garlic.com/~lynn/subnetwork.html#3tier
801/risc, romp, pc/rt, rios, rs/6000, etc posts
https://www.garlic.com/~lynn/subtopic.html#801
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: America's new aristocracy lives in an accountability-free zone Blog: Facebook Date: 06 Oct 2018America's new aristocracy lives in an accountability-free zone
Rhetoric on the floor of congress was that Sarbanes-Oxley would prevent future ENRONs and guarantee that executives and auditors did jailtime, however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, it started doing reports of public company fraudulent financial reports ... even showing uptic after SOX goes into effect (and nobody doing jailtime). Joke was that congress felt so badly that one of the big accounting firms went out of business, the added stringent audit processes was just a large gift to the audit industry ... but would change nothing.
Somewhat related, during the congressional Madoff hearings, they had the person that had tried unsuccessfully for a decade to try and get SEC to do something about Madoff (SEC's hands were forced when Madoff turned himself in). Congress asked if new regulations were needed. He responded that while new regulations might be needed, much more important was transparency and visibility (possibly because SEC wasn't doing anything with the regulations they had).
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
Financial Reporting Fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
Inequality posts
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: LikeWar: The Weaponization of Social Media Blog: Facebook Date: 06 Oct 2018re:
other triva, in middle 80s, internal network (VNET) still wasn't SNA. For 37x5 controllers, ran bisynch with "Y-adapter" ... two subchannel address to get concurrent, full-duplex transmission in both directions ... had much higher throughput than running SNA. I tried to get presentation at the VNET governing board on how to improve much higher throughput. However this was in period when the communication group was spreading lots of internal misinformation ... including presentations to corporate executive committee; VNET would stop working if not converted to SNA, NSF could run over SNA, etc. They also got VNET governing board restricted to managers and technical people no longer allowed to participate.
Somebody collected a lot of the communication group NSF SNA
misinformation email and forwarded it to us ... significantly clipped
and redacted to protect the guilty
https://www.garlic.com/~lynn/2006w.html#email870109
They also had presentation to the corporate executive committee that customers wouldn't need T1 support until sometime in the 90s. The showed stats for customer 37x5 "fat pipes" (multiple parallel 56kbit links treated as single logical link), number of customers configurations with 2, 3, 4, 5 ... dropping to zero by six. What they didn't know (or didn't show) was that telco tariffs for 5-6 56k links was about the same as single T1 link. We relatively easily found 200 customers with T1 links ... but had switched to non-IBM controller interface.
hsdt posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
NSFNET posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: America's electoral system gives the Republicans advantages over Democrats Blog: Facebook Date: 07 Oct 2018America's electoral system gives the Republicans advantages over Democrats
Fareed just called out political strife and conflict got much worse with speaker Gingrich. In 1999, after we were asked to help prevent the coming economic mess (we failed), one of other things we were told was that there has always been conflict between the two parties, but they could put their differences aside and come together to do things for the country. With Gingrich, everything came to be about party advantage and level of party conflict and strife got ten times worse. Now everything is Kabuki dance/theater ... what you see is distraction for the public (like Roman circus) and has little to do with what is really going on.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Kabuki theater posts
https://www.garlic.com/~lynn/submisc.html#kabuki.theater
McMaster's
https://en.wikipedia.org/wiki/H._R._McMaster
PHD thesis
https://www.amazon.com/Dereliction-Duty-Johnson-McNamara-Chiefs-ebook/dp/B004HW7834/
based (in part) on (then recently) released classified information says that Johnson's staff told him the Vietnam war was not winnable, but it in court of world opinion, it would be better to go ahead fight and loose.
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
Then in the paris peace talks, Nixon committed treason convincing N. Vietnam to not settle until after the presidential election.
Article Three of the United States Constitution
https://en.wikipedia.org/wiki/Article_Three_of_the_United_States_Constitution
U.S. Constitution - Article III
https://www.law.cornell.edu/constitution/articleiii
18 US Code 2381 - Treason
https://www.law.cornell.edu/uscode/text/18/2381
Whoever, owing allegiance to the United States, levies war against
them or adheres to their enemies, giving them aid and comfort within
the United States or elsewhere, is guilty of treason and shall suffer
death, or shall be imprisoned not less than five years and fined under
this title but not less than $10,000; and shall be incapable of
holding any office under the United States.
... snip ...
George Will Confirms Nixon's Vietnam Treason
http://www.commondreams.org/views/2014/08/12/george-will-confirms-nixons-vietnam-treason
Declassified LBJ Tapes Accuse Richard Nixon of Treason
http://news.slashdot.org/story/13/03/21/0331256/declassified-lbj-tapes-accuse-richard-nixon-of-treason
The Lyndon Johnson tapes: Richard Nixon's 'treason'
http://www.bbc.co.uk/news/magazine-21768668
Newly Released Secret Tapes Reveal LBJ Knew but Never Spoke Out About Nixon's 'Treason'
http://www.thewire.com/national/2013/03/newly-released-secret-tapes-reveal-lbj-knew-never-spoke-out-about-nixons-treason/63188/
Did Nixon Commit Treason in 1968? What The New LBJ Tapes Reveal.
http://historynewsnetwork.org/article/60446
Richard Nixon at 100: not just criminal, but treasonous too
http://www.theguardian.com/commentisfree/2013/jan/10/richard-nixon-100-criminal-traitor
Yes, Nixon Scuttled the Vietnam Peace Talks - John Aloysius Farrell
http://www.politico.com/magazine/story/2014/06/yes-nixon-scuttled-the-vietnam-peace-talks-107623.html
Richard Nixon's long shadow
https://www.washingtonpost.com/opinions/george-f-will-nixons-long-shadow/2014/08/06/fad8c00c-1ccb-11e4-ae54-0cfe1f974f8a_story.html
Nixon's Treason Now Acknowledged
http://www.washingtonsblog.com/2014/08/nixons-treason-now-acknowledged.html
Fleshing Out Nixon's Vietnam 'Treason'
https://consortiumnews.com/2014/09/08/fleshing-out-nixons-vietnam-treason/
Reagan and Iran ... hostage crisis resolved on the very day Reagan was
inaugurated
https://www.merip.org/mer/mer151/reagans-iran
... and then The Profiteers: Bechtel and the Men Who Built the World
https://www.amazon.com/Profiteers-Bechtel-Men-Built-World-ebook/dp/B010MHAHV2/
loc2752-54:
Pollard had accidentally "busted the most secret White House operation
of modern times," as one account put it. "Neither Pollard nor the
government of Israel was aware that they had smashed George Bush's
first shipment of arms to Iran."
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: America's electoral system gives the Republicans advantages over Democrats Blog: Facebook Date: 07 Oct 2018re:
more Bush family, Iraq (& Saudi)
CIA director Colby refuses to approve "Team B" analysis claiming huge
Russian military capability, justifying huge US military spending
increase.
https://en.wikipedia.org/wiki/Team_B
White House Chief of Staff Rumsfeld gets Colby replaced with somebody (Bush1) that will agree with "Team B" analysis. Rumsfeld then resigns to become SECDEF (and is replaced by his assistant Cheney).
In the 80s, US support Iraq in the iran/iraq war
http://en.wikipedia.org/wiki/Iran-Iraq_War
Bush1 is VP and Rumsfeld is involved in supporting Iraq, including
supplying WMDs
http://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
In the early 90s, Bush1 is president and Cheney is SECDEF. Sat. photo
recon analyst told white house that saddam was marshaling forces to
invade Kuwait. White house said that saddam would do no such thing and
proceeded to discredit the analyst. Later the analyst informed the
white house that saddam was marshaling forces to invade Saudi Arabia,
now the white house has to choose between saddam and the Saudis.
https://www.amazon.com/Long-Strange-Journey-Intelligence-ebook/dp/B004NNV5H2/
This century, Bush2 is president, Cheney is VP, Rumsfeld is SECDEF and
one of the "Team B" members is deputy SECDEF (and major architect of
Iraq policy).
https://en.wikipedia.org/wiki/Paul_Wolfowitz
Before the invasion, the cousin of white house chief of staff Card
... was dealing with the Iraqis at the UN and was given evidence that
WMDs (tracing back to US in the Iran/Iraq war) had been
decommissioned. the cousin shared it with Card, Powell and others
... then is locked up in military hospital, book was published in 2010
(4yrs before decommissioned WMDs were declassified)
https://www.amazon.com/EXTREME-PREJUDICE-Terrifying-Story-Patriot-ebook/dp/B004HYHBK2/
NY Times series from 2014, the decommission WMDs (tracing back to US
from Iran/Iraq war), had been found early in the invasion, 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). From the law of unintended consequences, the invaders
were told to bypass ammo dumps looking for WMDs, when they got around
to going back, over a million metric tons had evaporated.
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
perpetual war posts
https://www.garlic.com/~lynn/submisc.html#perpetual.war
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
WMD posts
https://www.garlic.com/~lynn/submisc.html#wmds
... also (back to the 80s), VP and former CIA director repeatedly
claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
America's new aristocracy lives in an accountability-free zone
https://www.theguardian.com/commentisfree/2018/oct/05/americas-new-aristocracy-live-accountability-free-zone-david-sirota
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Scientists Just Laid Out Paths to Solve Climate Change. We Aren't on Track to Do Any of Them Blog: Facebook Date: 08 Oct 2018Scientists Just Laid Out Paths to Solve Climate Change. We Aren't on Track to Do Any of Them
Some of the same people for hire did papers for the tobacco industry,
also helped spin "team b" results, and more recently doing articles
for fossil fuel industry, including dragging in religion. Merchants
of Doubt: How a Handful of Scientists Obscured the Truth on Issues
from Tobacco Smoke to Global Warming
https://en.wikipedia.org/wiki/Merchants_of_Doubt
http://www.merchantsofdoubt.org/
https://www.amazon.com/Merchants-Doubt-Handful-Scientists-Obscured-ebook/dp/B003RRXXO8/
http://www.economist.com/node/16374460
Which as been used before, after entry WW2, 5000 industrialists from
across the US had conference at NYC Waldorf-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.
earlier
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/
John Foster Dulles played major role in rebuilding Germany's economy,
industry and military 20s thru early 40s. 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.
Tying capitalism&religion in the 50s had misdirection involving the red menace ... including claims that John Foster Dulles said he was supporting the Nazis as a counter-force to Soviets.
Exxon Agrees to Disclose Climate Risks Under Pressure from Investors;
In an SEC filing, the oil giant dropped its opposition to a
shareholder demand for disclosure. Exxon also faces climate fraud
investigations by two states.
https://insideclimatenews.org/news/12122017/exxon-climate-risk-disclosure-sec-shareholder-investigation-pressure
Exxon Climate
https://insideclimatenews.org/tags/exxon-climate-change-investigation
trivia: "Standard Oil" in the John Foster Dulles reference
... supporting the Nazis ... is now EXXON
https://en.wikipedia.org/wiki/ExxonMobil
It is the largest direct descendant of John D. Rockefeller's Standard
Oil Company,[2] and was formed on November 30, 1999 by the merger of
Exxon (formerly the Standard Oil Company of New Jersey) and Mobil
(formerly the Standard Oil Company of New York).
... snip ...
more fossil fuel (needing religion obfuscation and misdirection),
June1940 Waldorf-Astoria victory celebration
https://www.amazon.com/Man-Called-Intrepid-Incredible-Narrative-ebook/dp/B00V9QVE5O/
loc1925-29:
One prominent figure at the German victory celebration was Torkild
Rieber, of Texaco, whose tankers eluded the British blockade. The
company had already been warned, at Roosevelt's instigation, about
violations of the Neutrality Law. But Rieber had set up an elaborate
scheme for shipping oil and petroleum products through neutral ports
in South America. With the Germans now preparing to turn the English
Channel into what Churchill thought would become "a river of blood,"
other industrialists were eager to learn from Texaco how to do more
business with Hitler.
... snip ...
past posts mentioning "merchants of doubt"
https://www.garlic.com/~lynn/2013c.html#16 A Matter of Mindset: Iraq, Sequestration and the U.S. Army
https://www.garlic.com/~lynn/2013d.html#62 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013e.html#5 Lessons Learned from the Iraq War
https://www.garlic.com/~lynn/2013e.html#54 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013f.html#7 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013h.html#41 Is newer technology always better? It almost is. Exceptions?
https://www.garlic.com/~lynn/2013i.html#89 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013k.html#59 John Boyd's Art of War
https://www.garlic.com/~lynn/2013m.html#52 Steve B sees what investors think
https://www.garlic.com/~lynn/2013m.html#80 The REAL Reason U.S. Targets Whistleblowers
https://www.garlic.com/~lynn/2014b.html#31 An insider's story of the global attack on climate science
https://www.garlic.com/~lynn/2014d.html#47 Stolen F-35 Secrets Now Showing Up in China's Stealth Fighter
https://www.garlic.com/~lynn/2014h.html#22 $40 billion missile defense system proves unreliable
https://www.garlic.com/~lynn/2014h.html#73 10 Big Fat Lies and the Liars Who Told Them
https://www.garlic.com/~lynn/2014m.html#100 OT: article on foreign outsourcing
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/2015e.html#34 43rd President
https://www.garlic.com/~lynn/2015e.html#63 12 Reasons America Doesn't Win Its Wars
https://www.garlic.com/~lynn/2015f.html#1 Jeb: George W. Bush is a top foreign policy adviser
https://www.garlic.com/~lynn/2015f.html#76 Pentagon remains stubbornly unable to account for its billions
https://www.garlic.com/~lynn/2015f.html#90 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#38 1973--TI 8 digit electric calculator--$99.95
https://www.garlic.com/~lynn/2016f.html#47 British socialism / anti-trust
https://www.garlic.com/~lynn/2017.html#26 Milton Friedman's Cherished Theory Is Laid to Rest
https://www.garlic.com/~lynn/2017d.html#59 Breaking: Entire Nation Experiencing Collective Amnesia About Iraq War
https://www.garlic.com/~lynn/2017i.html#13 Merchants of Doubt
https://www.garlic.com/~lynn/2017i.html#55 How Economists Turned Corporations into Predators
https://www.garlic.com/~lynn/2017i.html#84 "Worse Than Big Tobacco": How Big Pharma Fuels the Opioid Epidemic
https://www.garlic.com/~lynn/2017j.html#63 Sugar Industry Long Downplayed Potential Harms
https://www.garlic.com/~lynn/2018b.html#45 More Guns Do Not Stop More Crimes, Evidence Shows
https://www.garlic.com/~lynn/2018b.html#114 Chevron's lawyer, speaking for major oil companies, says climate change is real and it's your fault
https://www.garlic.com/~lynn/2018c.html#6 Iraq Invasion
https://www.garlic.com/~lynn/2018c.html#14 Air Force Risks Losing Third of F-35s If Upkeep Costs Aren't Cut
https://www.garlic.com/~lynn/2018c.html#19 How China's New Stealth Fighter Could Soon Surpass the US F-22 Raptor
https://www.garlic.com/~lynn/2018c.html#94 Barb
https://www.garlic.com/~lynn/2018e.html#16 America Celebrates Lateral Move From Monarchy To Corporate Rule
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: US Auto Industry Blog: Facebook Date: 08 Oct 201870s, congress established quotas to reduce competition and give US industry huge profits that they were suppose to use to remake themselves, put they just pocketed the money and continued business as usual. Early 80s, there was call for 100% unearned profit tax on the industry because they were just pocketing the money.
1990, the industry had the C4 task force to look at completely remaking themselves ... and because they were planning on heavy leveraging technology, they invited technology vendors to send representatives. During the sessions they could accurately describe what the competition was doing better, what they were doing, and what they had to change. One of the issues was that they were taking 7-8yrs from start to rolling off the line (with two efforts running in parallel, offset 3-4yrs to make it look like something new more frequently). The major players had spun off their parts businesses and over 7-8yr period, parts used in original design were no longer available. A major example was corvette with tight space tolerances under the "skin" where there had to redesign, rework and further delays because of how parts changed. The foreign competition had cut that 7-8yrs product cycle in half in the 1st part of the 80s and 1990, there were in the process of cutting it in half again (much more efficient and four times faster reacting to changes in market and technology). Offline I would chide the IBM mainframe brethren how did they expect to contribute because at the time they had similar problems.
auto industry c4 task force posts
https://www.garlic.com/~lynn/submisc.html#auto.c4.taskforce
Roll forward to the bailouts ... even tho they knew what they needed to do, the various stakeholders still managed to maintain the status quo.
since brought up, Jan1999 I was asked to help try and prevent the coming economic mess (we failed). I was to improve the integrity of securitized mortgage documents (as countermeasure). However, they find that they can pay for triple-A rating (when rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearings into the role that rating agencies played in the economic mess). Triple-A rating trumps supporting documents and they can start doing no-documentation liar loans, triple-A significantly contributing to selling over $27T 2001-2008 (including to entities restricted to only dealing in "safe" investments, like large pension funds) and no longer having to care about borrowers' qualification or loan quality, just how fast they can turn them over.
triple-a (toxic) assets
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
they then find that they can do securitized loans designed to fail, pay for triple-A, sell into the bond market, and take out CDS gambling bets that they will fail, creating enormous demand for dodgy loans (now they care about borrowers' qualifications, but not in the traditional way). AIG is the largest holder of the CDS gambling bets and was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in fall of 2008 and has them sign document that they can't sue those making the CDS gambling bets and take TARP funds to pay off at face value. The largest recipient of TARP funds is AIG and the largest recipient of face value payoffs is firm formally headed by SECTREAS.
In 2008, the SECTREAS had convinced congress to appropriate TARP funds, supposedly to buy too big to fail off-book toxic assets, but with just $700B ... it wouldn't hardly make a dent in the problem, when just the four largest TBTF were holding $5.2T ye2008. As a result it was left to the Federal Reserve to do the real bailout (trillions buying toxic assets, and tens of trillions in ZIRP funds), and SECTREAS used TARP for other things (besides AIG, Bush/SECTREAS GM bailout 19Dec2008; also fall2008, there was tens of billions for some TBTF, but that was mostly for cosmetic purposes).
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
too big to fail (too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
Federal Reserve fought long legal battle to prevent disclosing the "real" TBTF bailout. When they lost, FED Chairman holds press conference saying that he thought the TBTF would use ZIRP funds to help mainstreet, but when they didn't, he had no way to force them (however, that didn't stop the tens of trillions in ZIRP funds). Note that the FED Chairman was chosen in part because he supposedly was depression era scholar. However, the FED had tried something similar then with the same results, so the Chairman should have had no expectation of a different result this time.
Fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
Jan2009 (decade after being asked to help try and prevent economic mess), I'm asked to HTML'ize the Pecora Hearings (30s senate hearings into the '29 crash, resulting in criminal convictions and Glass-Steagall) with lots of internal HREFs and URLs between what happened this time and what happened then (comments that the new congress might have an appetite to do something). I work on it and then get a call saying it won't be needed after all (references that capital hill was buried under enormous mountains of wall street cash).
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Some IBM related I mentioned two CP/67-CMS spin-offs 1968 ... both of them move up the value chain to providing services to financial industry. Jan2009, one of them is briefly mentioned in the news as helping with evaluating the off-book toxic assets for TARP purchases ... which never happened. It turns out that they had previously bought the pricing services division from one of the major rating agencies, but then there was also lots of news about how hard it would be to accurately evaluate the securitized toxic assets. However, the real problems were 1) no-documentation, liar loans w/o supporting documents, 2) not enough money to actually make a dent in the problem, 3) earlier in 2008, several tens of billions had been sold at 22cents on the dollar (marked at 22cents on the dollar, just the four largest TBTF would have had to book four trillion in losses). What actually happened is that the FED bought trillions at 98cents on the dollar (w/o needing evaluation).
pricing service division past posts
https://www.garlic.com/~lynn/2009.html#21 Banks to embrace virtualisation in 2009: survey
https://www.garlic.com/~lynn/2009.html#31 Banks to embrace virtualisation in 2009: survey
https://www.garlic.com/~lynn/2009.html#32 What are the challenges in risk analytics post financial crisis?
https://www.garlic.com/~lynn/2009.html#42 Lets play Blame Game...?
https://www.garlic.com/~lynn/2009.html#52 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009.html#77 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009.html#79 The Credit Crunch: Why it happened?
https://www.garlic.com/~lynn/2009b.html#38 A great article was posted in another BI group: "To H*** with Business Intelligence: 40 Percent of Execs Trust Gut"
https://www.garlic.com/~lynn/2009b.html#49 US disaster, debts and bad financial management
https://www.garlic.com/~lynn/2009b.html#53 Credit & Risk Management ... go Simple ?
https://www.garlic.com/~lynn/2009b.html#78 How to defeat new telemarketing tactic
https://www.garlic.com/~lynn/2009c.html#1 Audit II: Two more scary words: Sarbanes-Oxley
https://www.garlic.com/~lynn/2009e.html#15 The background reasons of Credit Crunch
https://www.garlic.com/~lynn/2009e.html#53 Are the "brightest minds in finance" finally onto something?
https://www.garlic.com/~lynn/2009e.html#70 When did "client server" become part of the language?
https://www.garlic.com/~lynn/2009f.html#41 On whom or what would you place the blame for the sub-prime crisis?
https://www.garlic.com/~lynn/2009f.html#49 Is the current downturn cyclic or systemic?
https://www.garlic.com/~lynn/2009h.html#40 Analysing risk, especially credit risk in Banks, which was a major reason for the current crisis
https://www.garlic.com/~lynn/2009n.html#20 UK issues Turning apology (and about time, too)
https://www.garlic.com/~lynn/2009n.html#68 Opinions on the 'Unix Haters' Handbook'
https://www.garlic.com/~lynn/2009q.html#47 Is C close to the machine?
https://www.garlic.com/~lynn/2010c.html#48 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#4 alphas was: search engine history, was Happy DEC
https://www.garlic.com/~lynn/2010e.html#52 LPARs: More or Less?
https://www.garlic.com/~lynn/2010i.html#49 "Fraud & Stupidity Look a Lot Alike"
https://www.garlic.com/~lynn/2011d.html#25 The first personal computer (PC)
https://www.garlic.com/~lynn/2011j.html#45 S&P's History of Relentless Political Advocacy
https://www.garlic.com/~lynn/2011j.html#50 How Many Divisions Does Standard and Poors Have?
https://www.garlic.com/~lynn/2012c.html#46 PC industry is heading for more change
https://www.garlic.com/~lynn/2013b.html#35 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#67 What Makes an Architecture Bizarre?
https://www.garlic.com/~lynn/2013j.html#57 The Internet: Missing the Light
https://www.garlic.com/~lynn/2013k.html#82 spacewar
https://www.garlic.com/~lynn/2014b.html#2 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014k.html#0 only sometimes From looms to computers to looms
https://www.garlic.com/~lynn/2015f.html#16 Interactive Data Corp taps banks for sale or IPO -sources
https://www.garlic.com/~lynn/2016.html#95 Thanks Obama
https://www.garlic.com/~lynn/2016d.html#19 Banking; The Book That Will Save Banking From Itself
https://www.garlic.com/~lynn/2017h.html#60 Pareto efficiency
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Banking via home computers/internet is a disaster for the computer world. Newsgroups: comp.arch Date: Wed, 10 Oct 2018 22:38:57 -0700MitchAlsup <MitchAlsup@aol.com> writes:
in the same conferences, the cash management/commercial dial-up banking operations said they would never move to internet, because of a large number of exploits & vulnerabilities ... many of which continue to this day (however since then, cash management/commercial dial-up banking have been moved to internet also).
around decade ago, FEDS started recommending that commercial internet online banking should have a dedicated (internet) computer that is *NEVER* used for anything else but online banking (which minimizes some of the exploits).
other trivia: around the turn of the century there was lots of efforts to move to token based authentication as countermeasure to internet exploits. one of the players distributed payment cards with embedded chips along with ("free") serial-port chip reader (possibly fire sale for serial-port chip readers being obsoleted by USB ... which was supposed to address many of the serial-port problems). The resulting severe consumer support problems spawned rapidly spreading opinion in financial industry that chipcards weren't practical in the consumer home (internet) market (even tho the problems were with the serial-port readers, not with the chipcards (apparently all institutional knowledge of serial-port problems had evaporated over period of 5rs) ... and industry pull-back from home consumer chipcard programs.
online dial-up banking posts
https://www.garlic.com/~lynn/submisc.html#dialup-banking
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Disks Blog: Facebook Date: 10 Oct 2018DASD ... direct access storage device ... when there were drums, disks, and strips ... and not clear what would dominate in the future.
When I transfer to San Jose Research ,,, they let me wander around disk plant site, STL programming, HONE and other IBM places in silicon valley ... and some number of customer sites. At the time, bldg14&15 (disk engineering and product test) were running stand-alone, pre-scheduled 7x24 mainframe testing schedules. They had once tried MVS to see if they could do some concurrent testing, but MVS had 15min MTBF in that environment. I offer to rewrite IOS to make in bullet proof and never fail so they can do any amount of on-demand, concurrent testing. The downside, is that any time they have problem, they try to blame me and I have to go over and diagnose some problem they have (increasingly they want me to participate in things like all conference calls with POK channel engineers). I did do internal report on the work and happened to mention the MVS 15min MTBF which brings down the wrath of the MVS group on my head.
Original 3380, 3mbyte/sec transfer, 20 track spacing between each data track. Double density 3380 (with twice number cylinders) reduces the space to 10 track spacings, then triple density 3380 (and three times number cylinders) reduces spacing further. The father of 801/risc (pc/rt, rs/6000, power, power/pc, etc) wants to do a "wide" disk head and wants me to help him. The head read/writes 16 data tracks in parallel with two servo tracks on the edges. The disk is formatted with one servo track per 16 data tracks (wide head follows servo tracks on both sides of the 16 data tracks). This not only greatly increases data density but has the unfortunate side-effect of increasing transfer speed by factor of 16, from 3mbyte/sec to 48mbyte/sec ... and IBM has no products that support 48mbyte/sec transfer.
getting to play disk engineer posts
https://www.garlic.com/~lynn/subtopic.html#disk
CKD, FBA, multi-track search posts
https://www.garlic.com/~lynn/submain.html#dasd
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The rise and fall of IBM Blog: Facebook Date: 11 Oct 2018Ferguson & Morris, "Computer Wars: The Post-IBM World", Time Books .... reference to the "Future System" project 1st half of the 70s, was going to completely replace 370 and 370 efforts were being shutdown, the lack of 370 products during the period is credited with giving clone processor makers market foothold:
I continued to work on 370 stuff all during the FS period, even
periodically ridiculing the FS activity ... which wasn't exactly a
career enhancing activity. Note this has reference to FS ... that
major motivation in FS was to create (complexity and tight
integration) barriers to clone controllers ... however might claim
that they carried the complexity effort so far, that even IBM couldn't
accomplish it.
https://www.ecole.org/en/session/49-the-rise-and-fall-of-ibm
https://www.ecole.org/en/65/CM200195-ENG.pdf
future system posts
https://www.garlic.com/~lynn/submain.html#futuresys
trivia: as undergraduate I rewrote a lot of IBM system software. When some from the science center came out to the university last week of Jan1968 to install CP67 ... it had 2741 and 1052 terminal support with automatic terminal identification. The university had a lot of ASCII/TTY terminals and I had to extend the automatic terminal identification support. Then I wanted a single dail-in number (hunt group pool) for all dail-in terminals. However, it didn't quite work because while IBM controllers allowed the SAD command to dynamically change type of port tereminal adapter, line speeds for each port was hard wired. As a result, the University started a clone controller project, building channel interface board for Interdata/3 programmed to emulate IBM terminal controller ... but with dynamic speed identification. This was then enhanced to an Interdata/4 handling the channel interface and a cluster of Interdata/3s handling port/line interfaces. Interdata (and later Perkin/Elmer) start selling this as clone controller. Four of us get written up for (some part of) clone controller business.
PCM/OEM clone controller posts
https://www.garlic.com/~lynn/submain.html#360pcm
After moving to SJR, bldg14&15 (disk engineering and product test), suck me into playing disk engineer part time. One of the issues was CKD was increasingly becoming obsolete and the whole business was moving to FBA, the biggest inhibitor was MVS. I offerred FBA support but was told that even if I provided fully integrated and tested FBA support, that I still needed an extra $26M business case (for education, training and documentation) ... or about extra $200M-$300M in sales. However, IBM was then selling disks as fast as they could be made, and FBA support would just change to the same amount of FBA disks (no incremental sales) ... and I couldn't use life-time costs as part of the business case. CKD disks haven't been made for decades, all being simulated on industry standard fixed block disks (for MVS).
getting to play disk engineer posts
https://www.garlic.com/~lynn/subtopic.html#disk
CKD, FBA, multi-track search posts
https://www.garlic.com/~lynn/submain.html#dasd
Then single processor chips drastically reducing computing costs and the rise of personal computer were significant disruptive to computing business, especially threatening to the communication group's dumb terminal paradigm and install base.
Mid-80s, I get con'ed into working with baby bell that had redid a VTAM/NCP implementation from scratch on Series/1 with something like ten times the feature/function/performance of the IBM implementation. It implemented real networking support out in Series/1 with control of resources out in the Series/1, faking out mainframe VTAM simulating cross-domain support. I was to package it and release it as TYPE-1 product, quickly upgrading to RS/6000 platform (for when RS/6000 was announced). We spent some time with several of the largest 37x5 customers, but they constantly warned us that communication group was notorious for political tricks. We thought we had brick walled off every possible thing that the communication group might do, but what they did next can only be described as truth is stranger than fiction.
parts of presentations
https://www.garlic.com/~lynn/99.html#67
https://www.garlic.com/~lynn/99.html#70
Late 80s, a senior disk engineer got a talk scheduled at internal, world-wide, annual, communication group conference ... supposedly on 3174 performance ... however he opened his talk with the statement that the head of the communication group was going to be responsible for the demise of the disk division. The issue was that the communication group had stranglehold on datacenters with corporate strategic ownership of everything that crossed datacenter walls and were fiercely fighting off distributed computing and client/server, trying to preserve their dumb terminal paradigm and install base. The disk division was seeing data fleeing datacenters to more distributed computing friendly platforms with fall in disk sales. The disk division had come up with a number of solution to address the opportunity, but they were constantly being vetoed by the communication group (with their corporate strategic ownership of everything that crossed datacenter walls). The mainframe datacenter stranglehold wasn't just affecting disk sales and a few years later the company goes into the red.
dumb terminal paradigm and terminal emulation posts
https://www.garlic.com/~lynn/subnetwork.html#terminal
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: OT: Postal Service seeks record price hikes to bolster falling revenues Newsgroups: alt.folklore.computers Date: Thu, 11 Oct 2018 11:59:54 -0700hancock4 writes:
USPS Defaults on Billions in Mandatory Payments, Despite Scheduled
Relief
https://www.govexec.com/management/2017/09/usps-defaults-billions-mandatory-payments-despite-scheduled-relief/141404/
The 2006 law requiring the prefunding scheduled the lump-sum payments to
last 10 years, meaning they expired in 2017. USPS must still make its
"normal costs" payments for the retiree health benefits, as well as an
amortization of its future liabilities. It is now also facing amortized
payments to cover its unfunded liabilities in the Civil Service
Retirement System and the Federal Employees Retirement System.
...
US Postal Service workers have a retiree health care benefit in addition
to their pension. Before Congress passed the Postal Accountability and
Enhancement Act of 2006, the USPS operated under a pay-as-you-go model
for retiree health care funding. The new law requires the Postal Service
to pre-fund its benefit obligations.
... snip ...
trivia: as undergraduate, I was hired as fulltime employee into small group in the Boeing's CFO office to help with the formation of Boeing Computer Services (consolidate all dataprocessing into independent business unit to better monetise the investment, including offering services for non-Boeing entities). At the time, I thot Renton datacenter was possibly largest in the world with something like $200M-$300M (60s dollars) in IBM 360s, with 360/65s arriving faster than they could be installed, boxes constantly staged in hallways around the machine room. One of the things I did was online CP67 virtual machine (360/67) system for CFO office (at the time, they only had a 360/30 for payroll). They also bring the 360/67 SMP from Boeing Huntsville to Seattle.
After graduation, I join the IBM science center at MIT (rather than remaining at Boeing). CSC ports APL\360 to CP67/CMS for CMS\APL, extending workspace (and redoing APL garbage collection) for virtual memory size (from typical 16kbyte apl\360 size) and adding API for system services (like file read/write) ... enabling lots of real-world applications.
By then BCS has office in DC and doing government contracts and one of the CSC people (offspring of one of the people that discovered DNA) leaves IBM and joins BCS in Washington DC. I stop by and he shows off he is doing APL analytical analysis justifying postal stamp one cent increase.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Banking via home computers/internet is a disaster for the computer world. Newsgroups: comp.arch Date: Thu, 11 Oct 2018 12:27:13 -0700David Brown <david.brown@hesbynett.no> writes:
there was still vulnerabilities were malware has control of your PC ... and can display incorrect information and monitor/change what is typed. EU has FINREAD as countermeasure ... external hardened cardreader with its display and keypad ... we do financial standard that includes option that not only is the token authenticated ... but the cardreader is also authenticated ... giving the level of integrity that the transaction was performed in (transaction done where both the transaction environment and the token is authentication has higher level of trust than just authenticating the token. I get a couple trips to Brussels to participate in EU FINREAD standards. However, EU FINREAD is part of collaterial damage from the serial-port fiasco and financial industry pullback from chipcards/tokens
eu finread posts
https://www.garlic.com/~lynn/subintegrity.html#finread
part of the issue was making the cost to the crook for exploit greater than any expected ROI ... and have them go someplace else. The skimming and malware attacks can compromise millions of accounts with little or no physical effort on the part of the crook.
we had been brought in to help worksmith some cal. state legislation. At the time they were doing "electronic signature", data breach notification and "opt-in personal information sharing". Several of the participants were heavily into privacy issues and done extensive consumer surveys ... and the #1 issue was identity theft, in the form of fraudulent financial transactions frequently as result of data breach. The issue was that there was little or nothing being done about breaches and it was hoped that publicity from the breaches would motivate countermeasures. The problem was that normally entities take security measures in self-protection, but in case of the breaches, the institutions were at risk, it was the public.
Part of the financial transaction standard work wasn't to address the breaches (at least millions of locations around the world), but to harden the transaction so that crooks weren't able to use information from breaches (skimming, evesdropping, compromise end-points, etc) to perform fraudulent financial transactions (eliminating majority of motivation for the crooks).
past posts
https://www.garlic.com/~lynn/submisc.html#data.breach.notification.notification
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The rise and fall of IBM Blog: Facebook Date: 11 Oct 2018re:
long description of FS in first half of 70s
http://www.jfsowa.com/computer/memo125.htm
folklore is that when FS implodes, some retreat to Rochester and do greatly simplified FS as S/38. One of the issues is that FS had scale-up/performance problems ... which greatly affected commercial dataprocessing ... but not the S/38 target market.
future system posts
https://www.garlic.com/~lynn/submain.html#futuresys
Codd
https://en.wikipedia.org/wiki/Edgar_F._Codd
paper 1970 at San Jose Research ... and SQL/Relational System/R implementation started on VM370 370/145.
System/R posts
https://www.garlic.com/~lynn/submain.html#systemr
Actual first relational product ships on Multics in June 1976 Multics was on 5th flr, floor above science center that did virtual machine cp40 and CP67, internal network, invented GML 1969, other stuff.
science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
The "official" corporate new database was "EAGLE" ... started during the FS period. Both IMS and EAGLE were impeding System/R. Finally while corporation was distracted by EAGLE, was able to get SYSTEM/R tech transfer to Endicott for SQL/DS (under the "radar"). Then when EAGLE finally implodes, there was a request how fast could SQL/DS be ported to MVS ... which eventually ships as DB2 ... originally for decision support only (not to compete with IMS transaction market).
Part of S/38 simplification was all disks in common pool filesystem with scatter allocation (pieces of files can appear across all available disks). Doesn't make any difference for single disk systems, but as scale-up ... all disks have to be backed up and restored as a single entity ... any single disk failure requires restoring the complete filesystem. As systems got larger (more disks), this became increasing catastrophic process. SJ disk engineer got original RAID patent in 1978, and because single disk failures was so catastrophic, S/38 was early RAID adopter.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The U.S. Needs to Crack Down on White-Collar Crime Blog: Facebook Date: 15 Oct 2018The U.S. Needs to Crack Down on White-Collar Crime; What makes Michael Cohen different from other fraudsters? He got caught.
Rhetoric on the floor of congress was that Sarbanes-Oxley would prevent future ENRONs and guarantee that executives and auditors did jailtime, however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, it started doing reports of public company fraudulent financial reports ... even showing uptic after SOX goes into effect (and nobody doing jailtime). Joke was that congress felt so badly that one of the big accounting firms went out of business, the added stringent audit processes was just a large gift to the audit industry ... but would change nothing.
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
Sarbanes-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
financial reporting fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
Somewhat related, during the congressional Madoff hearings, they had the person that had tried unsuccessfully for a decade to try and get SEC to do something about Madoff (SEC's hands were forced when Madoff turned himself in). Congress asked if new regulations were needed. He responded that while new regulations might be needed, much more important was transparency and visibility (possibly because SEC wasn't doing anything with the regulations they had).
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
Trump Probably Engaged in Felony Tax Evasion
https://therealnews.com/stories/trump-probably-engaged-in-felony-tax-evasion
tax evasion, tax fraud, tax avoidance, tax haven posts
https://www.garlic.com/~lynn/submisc.html#tax.evasion
note bill black S&L scandal, Keating, etc
https://en.wikipedia.org/wiki/William_K._Black
The senators got off with a slap on the wrist, but so enraged was one
of those bankers, Charles Keating -- after whom the senate's so-called
"Keating Five" were named -- he sent a memo that read, in part, 'get
Black -- kill him dead.' Metaphorically, of course. Of course.[5]
... snip ...
VP and former CIA director repeatedly claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The U.S. Needs to Crack Down on White-Collar Crime Blog: Facebook Date: 15 Oct 2018re:
Fed Inspector Turned Whistleblower Reveals System Rigged For Goldman
Sachs
https://www.zerohedge.com/news/2018-10-12/fed-inspector-turned-whistleblower-reveals-system-rigged-goldman-sachs
Goldman Sachs' seedy underbelly exposed in shocking tapes
https://nypost.com/2018/10/11/whistleblowers-new-book-shares-secret-tapes-of-new-goldman-ceo/
whistleblower posts
https://www.garlic.com/~lynn/submisc.html#whistleblower
in the 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) ... he mentioned that tips&whistleblower turn up 13 times more fraud than audits.
madoff psots
https://www.garlic.com/~lynn/submisc.html#madoff
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: America's electoral system gives the Republicans advantages over Democrats Blog: Facebook Date: 15 Oct 2018re:
The Man Who Broke Politics; Newt Gingrich turned partisan battles into
bloodsport, wrecked Congress, and paved the way for Trump's rise. Now
he's reveling in his achievements.
https://www.theatlantic.com/magazine/archive/2018/11/newt-gingrich-says-youre-welcome/570832/
But few figures in modern history have done more than Gingrich to lay
the groundwork for Trump's rise. During his two decades in Congress,
he pioneered a style of partisan combat--replete with name-calling,
conspiracy theories, and strategic obstructionism--that poisoned
America's political culture and plunged Washington into permanent
dysfunction. Gingrich's career can perhaps be best understood as a
grand exercise in devolution--an effort to strip American politics of
the civilizing traits it had developed over time and return it to its
most primal essence.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Great Depression II Blog: Facebook Date: 17 Oct 2018The Great Depression II
Note the repeal of Glass-Steagall wasn't root cause of economic mess ... it was used as excuse to not hold accountable the institutions that had become Too Big To Fail (as result of Glass-Steagall repeal) ... and then later when they were found to also be money laundering for drug cartels and terrorists ... start to see references to Too Big To Prosecute and Too Big To Jail.
too big to fail (too big to prosecute, too big to jail)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
1999, I'm asked to help prevent the coming economic mess, some investment bankers had walked away "clean" from the S&l crisis, where then doing Internet IPO mills (invest a few millions, hype, ipo for a few billion, should fail to leave the field clear for next round), and were predicted to get into securitize mortgages. I was to help improve the integrity of supporting documents as countermeasure. They then start paying rating agencies for triple-A (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearing). Triple-A trumps supporting documents and they can start doing no-documentation, liar loans. Triple-A significantly contributes to being able to do over $27T 2001-2008, including selling to institutions restricted to only dealing in "safe" investments (like large pension funds).
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Decade later, Jan2009 I was asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash that resulted in Glass-Steagall 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 saying that it won't be needed after all (references to capital hill totally buried under enormous mountains of wallstreet cash).
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Note, the rhetoric in congress was that Sarbanes-Oxley would prevent future ENRONs and guarantee that executives and auditors did jailtime, but it required SEC to do something. Possibly because GAO didn't believe SEC was doing anything, they started doing reports of public company fraudulent financial reports, even showing fraudulent reports increased after SOX goes into effect (and nobody doing jailtime). Less well known is that SOX also required SEC to do something about rating agencies, but they did about as much about rating agencies as they did about public company fraudulent financial reports.
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
Sarbanes-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
Financial Reporting Fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
In the congressional Madoff hearings, they had testimony from the person that had tried unsuccesfully for a decade to get SEC to do something about Madoff (SEC's hands were forced when Madoff turned himself in).
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
also rating agencies
A $1 Trillion Powder Keg Threatens the Corporate Bond Market
https://www.bloomberg.com/graphics/2018-almost-junk-credit-ratings/?srnd=fixed-income
The resulting acquisition binge left an unprecedented number of major
corporations just a rung or two from junk credit ratings,
...
But those companies, which have almost $1 trillion of debt, have been
allowed to maintain investment-grade ratings by Moody's Investors
Service and S&P Global Ratings.
... snip ...
VP and former CIA director repeatedly claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: SCP of file to USS from Mac is corrupted To: <ibm-main@bama.ua.edu> Date: Thu, 18 Oct 2018 18:56:34 -0700tom@TOMBRENNANSOFTWARE.COM (Tom Brennan) writes:
more history
https://web.archive.org/web/20180513184025/http://www.bobbemer.com/HISTORY.HTM
BIO
https://en.wikipedia.org/wiki/Bob_Bemer
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Great Depression II Blog: Facebook Date: 19 Oct 2018re:
Wall Street Loves These Risky Loans. The Rest of Us Should Be
Wary. The C.L.O., a cousin of the mortgage-related product that
malfunctioned a decade ago, has become one of the hottest investments
on Wall Street.
https://www.nytimes.com/2018/10/19/business/economy/clo-corporate-loans.html
Banks pooled millions of mortgages -- some of them to borrowers with a
shaky ability to repay -- to create C.D.O.s. They kept some, and the
rest they sold off to a slew of other investors: in-house hedge funds,
European banks, large American pension plans and more.
... snip ...
doesn't mentioned they payed rating agencies for triple-A (when rating agencies knew they weren't worth triple-A) allowing them to selloff to entities restricted to only dealing in "safe investments", like large pension funds ... significantly contributing to doing over $27T 2001-2008.
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Great Depression II Blog: Facebook Date: 19 Oct 2018re:
Stockman: Why Greenspanian Central Banking Is The Mortal Enemy Of
Capitalist Prosperity
https://www.zerohedge.com/news/2018-10-19/stockman-why-greenspanian-central-banking-mortal-enemy-capitalist-prosperity
On This Day In History: The Fed Put Is Born
https://www.zerohedge.com/news/2018-10-19/day-history-fed-put-born
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Fed Chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Why Finance Is Too Important to Leave to Larry Summers Blog: Facebook Date: 20 Oct 2018Mark Ames: Why Finance Is Too Important to Leave to Larry Summers
then there is Harvard was hired to send over people to teach
capitalism ... however those sent over were intent on capitalistic
looting ... which gave rise to Putin and their oligarchs ... as
countermeasure to our oligarchs (intent on looting Russia). "Is
Harvard Responsible For Rise of Putin" ... after the fall of the
soviet union, those sent over to teach capitalism were more intent on
looting the country. John Helmer: Convicted Fraudster Jonathan Hay,
Harvard's Man Who Wrecked Russia, Resurfaces in Ukraine
https://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 (gone 404, but lives on wayback machine)
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 ...
posts references Harvard and Putin
https://www.garlic.com/~lynn/2017.html#7 Malicious Cyber Activity
https://www.garlic.com/~lynn/2017.html#56 25th Anniversary Implementation of Nunn-Lugar Act
https://www.garlic.com/~lynn/2017b.html#83 Sleepwalking Into a Nuclear Arms Race with Russia
https://www.garlic.com/~lynn/2017f.html#65 View of Russia
https://www.garlic.com/~lynn/2017g.html#83 How can we stop algorithms telling lies?
https://www.garlic.com/~lynn/2017h.html#39 Disregard post (another screwup; absolutely nothing to do with computers whatsoever!)
https://www.garlic.com/~lynn/2017i.html#69 When Working From Home Doesn't Work
https://www.garlic.com/~lynn/2017i.html#82 John Helmer: Lunatic Russia-Hating in Washington Is 70 Years Old. It Started with Joseph Alsop, George Kennan and the Washington Post
https://www.garlic.com/~lynn/2017j.html#35 Tech: we didn't mean for it to turn out like this
https://www.garlic.com/~lynn/2017k.html#66 Innovation?, Government, Military, Commercial
https://www.garlic.com/~lynn/2018.html#14 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#63 The 17 equations that changed the course of history
https://www.garlic.com/~lynn/2018.html#82 DEC and HVAC
https://www.garlic.com/~lynn/2018b.html#33 Olympics opening ceremony
https://www.garlic.com/~lynn/2018b.html#60 Revealed - the capitalist network that runs the world
https://www.garlic.com/~lynn/2018c.html#50 Anatomy of Failure: Why America Loses Every War It Starts
https://www.garlic.com/~lynn/2018d.html#75 Nassim Nicholas Taleb
https://www.garlic.com/~lynn/2018d.html#100 tablets and desktops was Has Microsoft
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees Blog: Facebook Date: 20 Oct 2018A Giant Pile of Money; How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees
1999 I was asked to try and help stop the coming economic mess (we failed). They said that some of the investment bankers had walked away "clean" from the S&l crisis, were then running Internet IPO mills (invest a few million, hyp, IPO for a few billion, should fail to leave the field clear for next round) and were predicted to next get into mortgages.
I was to improve the integrity of securitized mortgage supporting documents as countermeasure. They then find they can pay for triple-A rating (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearings). Triple-A trumps supporting documents and they can start doing no-documentation, liar loans (no documents, no document integrity issues), spinning off the transactions as fast as possible, no longer needing to care about borrower's qualifications or loan quality (largely enabling being able to do over $27T 2001-2008 unloading into the bond market, including selling to entities restricted to only dealing in safe investments, like large pension funds).
Decade later (Jan2009), I'm asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash, responsible for criminal convictions and Glass-Steagall, had been scanned fall 2008 at Boston Library) with lots of internal HREFs and URLs between what happened then and what happened this time (comments that new congress might have appetite to do something). I work on it for awhile and then get a call saying it won't be needed after all (reference to enormous mountains of wallstreet cash totally burying capital hill). S&l crisis had 1000 criminal convictions with jailtime, proportionally, economic mess should have 70,000, so far there have been none.
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
S&l crisis posts
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: "It Will Not End Well" - How Gibson's Paradox Has Been Buried Blog: Facebook Date: 20 Oct 2018"It Will Not End Well" - How Gibson's Paradox Has Been Buried
The American Economy Is Rigged
https://www.scientificamerican.com/article/the-american-economy-is-rigged/
America has long outdone others in its level of inequality, but in the
past 40 years it has reached new heights. Whereas the income share of
the top 0.1 percent has more than quadrupled and that of the top 1
percent has almost doubled, that of the bottom 90 percent has
declined. Wages at the bottom, adjusted for inflation, are about the
same as they were some 60 years ago! In fact, for those with a high
school education or less, incomes have fallen over recent
decades. Males have been particularly hard hit, as the U.S. has moved
away from manufacturing industries into an economy based on services.
... snip ...
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees Blog: Facebook Date: 21 Oct 2018re:
Public Pensions for Sale, Part 2; Kentucky's willingness to gamble
massively on high-risk alternative investments for its pensions has
made the state an easy mark for Wall Street hucksters
https://theintercept.com/2018/10/21/kentucky-pensions-crisis-hedge-funds/
This is akin to what "wall street hucksters" did during S&L Crisis, selling "junk bonds" to S&Ls in the 80s. Because the industry got such a bad reputation during the "S&L Crisis", they changed the name of "junk bonds" to "high yield bonds" ... and the industry name to Private Equity.
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Private Equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: PC Personal Computing Market Blog: Facebook Date: 23 Oct 2018Note that foreign auto import quotas was to reduce competition and give US auto companies enormous profits that they would use to completely remake themselves. However, they just pocketed the money and continued business as usual and in the early 80s there was a call for 100% unearned profit tax on the US auto industry. 1990, the US auto industry had "C4 taskforce" to look at completely remaking themselves and because they were planning on heavily leveraging technology, they invited representatives from major technology companies to participate. During the meetings, they could accurately describe what the foreign competition was doing right and all the things that the US industry had to change. Offline I would chide the mainframe brethren how could they expect to contribute because they suffered from many of the same shortcomings as the US auto industry. Note that the more recent auto bailouts demonstrated that they still weren't able to remake themselves.
from law of unintended consequences, in the early 80s because of the reduced competition they were able to nearly double price of their cars (behind enormous increased profits). However because consumer earnings hadn't increased, they had to go from 36 month auto loans to 60 and 72 month loans. This required that warranties had to be increased to periods comparable to loan period. They were then being eaten by warranty costs ... and forced into address some of the quality issues.
C4 task force posts:
https://www.garlic.com/~lynn/submisc.html#auto.c4.taskforce
also 1990 there were predictions that emerging HDTV would be behind all new electronics (predicting that the required high volume, high performance electronics would also be the basis for everything from PCs to supercomputers). Dept of Commerce was sponsoring all these meetings to constantly make trivial changes to the HDTV standard trying to give US makers competitive advantage (lead time) ... as all TV makers were moving to asia. Then the rise of the Internet was major factor spurring consumer volumes for PCs and the PC volumes (and driver for electronics) started to overshadow the predicted HDTV volumes.
The initial IBM/PC volumes were spurred by (dumb) 3270 terminal emulation ... business market where large corporation had justification for tens of thousands of 3270s could switch to IBM/PC for about the same price and in single desktop footprint get 3270 terminal and some local computing capacity (giving great competitive advantage with PCs targeted at infant personal computing market). My brother was regional apple market rep and when he came into town I could go to apple business dinners and argue with MAC developers (before MAC had been announced) about MAC design.
Then the rise of the internet gave enormous boost to the consumer PC market and clone markers stepped in with products with price point for that market.
periodically repeated story: a senior disk engineer got a talk scheduled at internal, world-wide, annual, communication group conference ... supposedly on 3174 performance ... however he opened his talk with the statement that the head of the communication group was going to be responsible for the demise of the disk division. The issue was that the communication group had stranglehold on datacenters with corporate strategic ownership of everything that crossed datacenter walls and were fiercely fighting off distributed computing and client/server, trying to preserve their dumb terminal paradigm and install base. The disk division was seeing data fleeing datacenters to more distributed computing friendly platforms with fall in disk sales. The disk division had come up with a number of solution to address the opportunity, but they were constantly being vetoed by the communication group. The mainframe datacenter stranglehold wasn't just affecting disk sales and a few years later the company goes into the red.
dumb terminal paradigm
https://www.garlic.com/~lynn/subnetwork.html#terminal
A co-worker leaves SJR and is doing a lot of consulting work for chip houses in silicon valley. At one large chip house (engineering senior VP had used CP67/CMS as young engineer in the 60s), he got AT&T C running on CMS, did several compiler performance enhancements and was porting lots of UNIX-based VLSI chip design tools to CMS. One day the IBM marketing rep asked him what he was doing. He said he was adding ethernet support to connect in SGI workstations. The marketing rep told him that if he didn't do token-ring instead, the company might not get the timely mainframe support they were use to. I then get an hour call having to listen to lots of four letter words. The next morning the senior VP has press conference to announce they were moving off mainframe to SUN servers. Then IBM has some number of taskforces to look at why silicon valley was moving off mainframe (however, they weren't allowed to consider the real reasons).
1980, there was effort to use 801/risc Iliad chip for the low-end and mid-range 370 microprocessors (4361&4381 follow-on to 4331&4341), AS/400 follow-on to S/38, multitude of controller processors, etc. For various reasons, (almost) all of these efforts floundered and things returned to business as usual with CISC chips (saw some number of engineers go to work on RISC efforts at other vendors).
Research/OPD 801/risc ROMP processor chip was going to be DISPLAYWRITER follow-on. When that got canceled, they decided to retargeted it to the unix workstation market ... hiring the company that had done the AT&T unix port to the IBM/PC for PC/IX to do a port to ROMP (becomes AIX).
801/risc, iliad, romp, rios, power, power/pc, etc
https://www.garlic.com/~lynn/subtopic.html#801
The price-point for these 801/risc processors were well above most of
the PC market (as was PS2).
https://en.wikipedia.org/wiki/IBM_Personal_System/2
Overall, the PS/2 line was largely unsuccessful with the consumer
market, even though the PC based Models 30 and 25 were an attempt to
address it. With what was widely seen as a technically competent but
cynical attempt to gain undisputed control of the market, IBM
unleashed an industry backlash, which went on to standardize, VESA,
EISA and PCI. In large part, IBM failed to establish a link in the
consumer's mind between the PS/2 MicroChannel architecture and the
immature OS/2 1.x operating system; the more capable OS/2 version 2.0
did not release until 1992.[13]
The firm suffered massive financial losses for the remainder of the
1980s, forfeiting its previously unquestioned position as the industry
leader, and eventually lost its status as the largest manufacturer of
personal computers, first to Compaq and then to Dell. From a high of
10,000 employees in Boca Raton before the PS/2 came out, only seven
years later, IBM had $600 million in unsold inventory and was laying
off staff by the thousands.[14][15][full citation needed] After the
failure of the PS/2 line to establish a new standard, IBM was forced
to revert to building ISA PCs--following the industry it had once
led--with the low-end PS/1 line and later with the more compatible
Aptiva and PS/ValuePoint lines.
... snip ...
30yrs of personal computer market
https://arstechnica.com/features/2005/12/total-share/
past posts mentioning arstechnica PC market article
https://www.garlic.com/~lynn/2010h.html#4 What is the protocal for GMT offset in SMTP (e-mail) header
https://www.garlic.com/~lynn/2011m.html#56 Steve Jobs passed away
https://www.garlic.com/~lynn/2013n.html#80 'Free Unix!': The world-changing proclamation made30yearsagotoday
https://www.garlic.com/~lynn/2014f.html#28 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014l.html#54 Could this be the wrongest prediction of all time?
https://www.garlic.com/~lynn/2017g.html#72 Mannix "computer in a briefcase"
https://www.garlic.com/~lynn/2017g.html#73 Mannix "computer in a briefcase"
https://www.garlic.com/~lynn/2018b.html#103 Old word processors
posts mentioning HDTV & dept commerce
https://www.garlic.com/~lynn/2001.html#73 how old are you guys
https://www.garlic.com/~lynn/2006q.html#62 Cray-1 Anniversary Event - September 21st
https://www.garlic.com/~lynn/2007d.html#50 Is computer history taugh now?
https://www.garlic.com/~lynn/2007q.html#50 US or China?
https://www.garlic.com/~lynn/2008.html#47 dig. TV
https://www.garlic.com/~lynn/2010o.html#22 60 Minutes News Report:Unemployed for over 99 weeks!
https://www.garlic.com/~lynn/2012i.html#69 Is there a connection between your strategic and tactical assertions?
https://www.garlic.com/~lynn/2012k.html#87 Cultural attitudes towards failure
https://www.garlic.com/~lynn/2016g.html#41 President Obama announces semiconductor industry working group to review U.S. competitiveness
posts mentioning dataquest PC market study for IBM Boca
https://www.garlic.com/~lynn/2002k.html#55 Moore law
https://www.garlic.com/~lynn/2005t.html#21 What ever happened to Tandem and NonStop OS ?
https://www.garlic.com/~lynn/2007g.html#81 IBM to the PCM market
https://www.garlic.com/~lynn/2008d.html#60 more on (the new 40+ yr old) virtualization
https://www.garlic.com/~lynn/2008o.html#5 Houses
https://www.garlic.com/~lynn/2009b.html#69 Intel's Future is integrated
https://www.garlic.com/~lynn/2010.html#62 How long before Microsoft goes the way of DEC (and in part, IBM)?
https://www.garlic.com/~lynn/2010c.html#10 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/2012k.html#44 Slackware
https://www.garlic.com/~lynn/2013i.html#4 IBM commitment to academia
https://www.garlic.com/~lynn/2014c.html#20 9th Feb 2014
https://www.garlic.com/~lynn/2014c.html#24 IBM sells Intel server business, company is doomed
https://www.garlic.com/~lynn/2014f.html#26 upcoming TV show, "Halt & Catch Fire"
https://www.garlic.com/~lynn/2014l.html#46 Could this be the wrongest prediction of all time?
https://www.garlic.com/~lynn/2016g.html#94 What would Klinger look like in business attire?
https://www.garlic.com/~lynn/2017b.html#23 IBM "Breakup"
https://www.garlic.com/~lynn/2017d.html#26 ARM Cortex A53 64 bit
https://www.garlic.com/~lynn/2017d.html#33 ARM Cortex A53 64 bit
https://www.garlic.com/~lynn/2017f.html#110 IBM downfall
https://www.garlic.com/~lynn/2017h.html#113 IBM PS2
https://www.garlic.com/~lynn/2017i.html#0 EasyLink email ad
https://www.garlic.com/~lynn/2017i.html#89 Obsolete processors, 286 vs. 386
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: More Americans Supported Hitler Than You May Think. Blog: Facebook Date: 24 Oct 2018More Americans Supported Hitler Than You May Think. Here's Why One Expert Thinks That History Isn't Better Known
John Foster Dulles played major role in rebuilding Germany's industry,
economy and military after WW1 through early 40s.
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 needing German industrial and military targets and coordinates, got the information and detailed plans from wallstreet.
June 1940, 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 (also) at
NYC Waldorf-Astoria and in part because they had gotten such bad
reputation for the depression and supporting Nazi Germany, approved a
major propaganda campaign to equate capitalism with Christianity
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
results included adding "In God We Trust" to money and "under God" to the pledge of allegiance, it was also extended in the 50s as part of fighting the "red menace" ... further obfuscating the role they played in supporting Nazis.
Note that major neutrality bill was by members of congress that were disgusted with the enormous WW1 profiteering that they had seen. Industrialists wanting to do business with Nazis, supported propaganda ("fake news"?) that respun this as part of isolationism.
recent posts mentionin Dulles, Intrepid, "under God", etc
https://www.garlic.com/~lynn/2018.html#8 The First World War
https://www.garlic.com/~lynn/2018.html#13 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#48 1963 Timesharing: A Solution to Computer Bottlenecks
https://www.garlic.com/~lynn/2018.html#49 1963 Timesharing: A Solution to Computer Bottlenecks
https://www.garlic.com/~lynn/2018.html#67 Pushing Out Immigrants Isn't About the Economy
https://www.garlic.com/~lynn/2018.html#109 The Man From Sullivan & Cromwell
https://www.garlic.com/~lynn/2018b.html#45 More Guns Do Not Stop More Crimes, Evidence Shows
https://www.garlic.com/~lynn/2018b.html#60 Revealed - the capitalist network that runs the world
https://www.garlic.com/~lynn/2018b.html#72 Doubts about the HR departments that require knowledge of technology that does not exist
https://www.garlic.com/~lynn/2018c.html#45 Counterinsurgency Lessons from Malaya and Vietnam: Learning to Eat Soup with a Knife
https://www.garlic.com/~lynn/2018c.html#66 off topic 1952 B-52 ad
https://www.garlic.com/~lynn/2018c.html#67 IBM's Chief Executive's Message to Shareholders 75 Years Ago
https://www.garlic.com/~lynn/2018c.html#81 What Lies Beyond Capitalism And Socialism?
https://www.garlic.com/~lynn/2018c.html#94 Barb
https://www.garlic.com/~lynn/2018c.html#107 Post WW2 red hunt
https://www.garlic.com/~lynn/2018d.html#58 We must stop bad bosses using migrant labour to drive down wages
https://www.garlic.com/~lynn/2018d.html#61 How American Racism Influenced Hitler; Scholars are mapping the international precursors of Nazism
https://www.garlic.com/~lynn/2018d.html#101 The Persistent Myth of U.S. Precision Bombing
https://www.garlic.com/~lynn/2018d.html#102 The Persistent Myth of U.S. Precision Bombing
https://www.garlic.com/~lynn/2018d.html#103 tablets and desktops was Has Microsoft
https://www.garlic.com/~lynn/2018e.html#16 America Celebrates Lateral Move From Monarchy To Corporate Rule
https://www.garlic.com/~lynn/2018e.html#33 old grudges, Computers, anyone?
https://www.garlic.com/~lynn/2018e.html#70 meanwhile in eastern Asia^WEurope, was tablets and desktops was Has Microsoft
https://www.garlic.com/~lynn/2018e.html#77 Top CEOs' compensation increased 17.6 percent in 2017; The ratio of CEO-to-worker compensation grew to 312-to-1
https://www.garlic.com/~lynn/2018e.html#78 meanwhile in eastern Asia^WEurope, was tablets and desktops was Has Microsoft
https://www.garlic.com/~lynn/2018f.html#15 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#19 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#30 Scientists Just Laid Out Paths to Solve Climate Change. We Aren't on Track to Do Any of Them
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: All programmers that developed in machine code and Assembly in the 1940s, 1950s and 1960s died? Newsgroups: alt.folklore.computers Date: Thu, 15 Nov 2018 11:55:07 -0800françai s <romapera15@gmail.com> writes:
I eventually had box of cards (2000 statement assemble program). It had assembly option that would generate TXT deck to run "stand-alone" with BPS loader ... or under OS/360 with data services macros. "Stand-alone" version took a little less than 30mins to assemble (under os/360 pcp release 6, on 360/30). The OS/360 version took over an hour to assemble, added time effectively all was DCB macro processing, six DCB macros at around 6mins (or so) per DCB
Then 709&360/30 is then replaced with 360/67 and I'm hired fulltime responsible for systems (actually 360/67 originally for tss/360, but tss/360 never came to production fruition, so ran os/360 as 360/65) ... and I continue to own the datacenter all to myself on the weekend.
student fortran jobs took less than second on 709 tape->tape ibsys, initially they were taking over minute on 360/65 OS/360. Installing hasp cut that about in half. I redid OS/360 system generation to optimize disk arm seek and PDS directory multi-track search ... that cut elapsed time to 12.9secs (nearly additional three times speedup).
three people from IBM Cambridge Science Center come out last week Jan1968 to install CP/67 ... and I get to rewrite much of the code and play with it on weekends.
from old archived posts, part of Fall '68 presentation at (IBM user
group) SHARE ... mentioning reworking OS/360 ... and rewriting much of
CP67 kernel
https://www.garlic.com/~lynn/94.html#18 CP/67 & OS MFT14
it wasn't until installing WATFOR, that student fortran was running faster than on 709.
CP67 had support for automatic terminal type recognition (for 2741 & 1052) using terminal controller "SAD" command to switch line/port scanner type. Univ had some number of TTY/ASCII and I extended terminal type recognition to do 2741, 1052, & TTY/ASCII. I then wanted to have single dial-in number ("hunt group") for all terminal types ... which wouldn't quite work. While the terminal controller supported changing the line/port scanner type ... the line speeds were hard-wired (2741&1052 the same, but TTY/ASCII slower).
This was part of motivation for univ. to start clone controller project. We built channel interface board for Interdata/3 that was programmed to emulate terminal controller ... with the addition that it would do automatic line speed. This was upgraded to Interdata/4 for the channel interface with cluster of Interdata/3s handling ports (and Interdata starts selling them as clone controllers, later sold under P/E logo after P/E buys Interdata). Four of us then get written up for being responsible for (some part of) clone controller business. Around turn of the century visiting large datacenter, I run into one of the still running P/E boxes handling majority of east coast point-of-sale, card swipe dial-up terminals.
IBM science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
360 plug compatible controller posts
https://www.garlic.com/~lynn/submain.html#360pcm
before I graduate (and still 60s), I'm hired fulltime into small group into Boeing CFO office to help with the formation of Boeing Computer Services (consolidate all dataprocessing into independent business unit to better monetize the investment, including services for non-Boeing entities). At the time CFO office only had 360/30 for payroll, but was trying to take over Renton datacenter which had $200M-$300M (60s dollars) in IBM 360s, 360/65s arriving faster than they could be installed, boxes constantly being staged in hallways around the machine room. I do get 360/67 at hdqtrs to play with CP/67. 747#3 was flying skies of seattle getting FAA flt certification. When I graduate, instead of staying at Boeing I join the IBM science center at MIT.
misc. web refs:
WATFOR was precursor to WATFIV
https://en.wikipedia.org/wiki/WATFIV
some of the MIT CTSS people
https://en.wikipedia.org/wiki/Compatible_Time-Sharing_System
had done to the 5th flr to do MULTICS
https://en.wikipedia.org/wiki/Multics
others went to the science center on the 4th flr, did virtual
machines (cp40 & cp67), internal network, bunch of online
stuff, invented GML 1969 (decade later morphs into ISO SGML
and another decade morphs into HTML at CERN)
CP67
https://en.wikipedia.org/wiki/CP/CMS
interdata
https://en.wikipedia.org/wiki/Interdata
hunt group:
https://en.wikipedia.org/wiki/Line_hunting
Many univ. were sold 360/67 for tss/360, tss/360 never came to fruition, many resorted to using them as 360/65 for OS/360, but a couple did their own virtual memory systems
MTS
https://en.wikipedia.org/wiki/Michigan_Terminal_System
MTS did their own clone terminal controller with PDP-8
http://www.eecis.udel.edu/~mills/gallery/gallery7.html
http://www.eecis.udel.edu/~mills/gallery/gallery8.html
Stanford reference
https://en.wikipedia.org/wiki/ORVYL_and_WYLBUR
other trivia, follow-on to CP67 was (virtual machine) VM370.
both (stanford) SLAC and CERN (sister organizations) were
long time VM370 users ... and first US webserver was SLAC
VM370 system
https://ahro.slac.stanford.edu/wwwslac-exhibit
https://ahro.slac.stanford.edu/wwwslac-exhibit/early-web-chronology-and-documents-1991-1994
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: All programmers that developed in machine code and Assembly in the 1940s, 1950s and 1960s died? Newsgroups: alt.folklore.computers Date: Thu, 15 Nov 2018 12:34:33 -0800James Dow Allen <jdallen2000@yahoo.com> writes:
there was guy at IBM Palo Alto science center that did the APL microcode
assist for 370/145 (ran lot of apl code as fast as 370/168), also worked
on
https://en.wikipedia.org/wiki/IBM_5100
First half of 70s, IBM had the future system project ... some past
posts
https://www.garlic.com/~lynn/submain.html#futuresys
which was going to replace 370 and completely different. Internal politics whas shutting down 370 efforts and lack of 370 products during the period is credited with giving clone processor vendors market foothold. When FS implodes, there was mad rush to get stuff back into product pipelines. Part of that was kicking off quick&dirty 303x & 3081 in parallel.
I get con'ed into some of the efforts, one was microcode assists for 138/148 (135/145 follow-on). Was told that there was 6k bytes of microcode space for assists and was to select highest 6k byte kernel pathlengths for redoing in microcode (at the time it was taking avg of ten microcode instructions to emulate 370 instruction, so direct translation to microcode was about ten times speedup).
two things done to identify the highest executed kernel paths. One was
putting logged timestamps all through the kernel and calculating
differences between two timestamps. the other was working with the PASC
145 microcode person for a "kernel" PSW address "sampler" ... that would
increment (microcode) counter for each kernel 32byte address range. This
is old post of the data from the timestamp calculations ... showing
highest executed 6k bytes account for 79.55 of kernel execution
https://www.garlic.com/~lynn/94.html#21 370 ECPS VM microcode assist
at the same time, I got con'ed into (microcode) enhancements for 370/125. 115&125 had nine position memory bus for microprocessors ... all the microprocessors were the same ... one with microcode for emulating 370 and rest with microcode implementing (device) controller functions. 125 was identical except the microprocessor emulating 370 was 50% faster. The objective was do SMP multiprocessor support that would have up to five 370/125 processors ... leaving room for up to four device controllers (disk, communication, etc).
In addition to 148ECPS for 125, I also put much of SMP dispatching into microcode with queued interface for pending processor execution and another queued interface for application interrupts needing kernel services (something like what the intel i432 did later). Also all disk I/O queued interface for start/interrupt ... sort of superset of 370/xa SSCH.
The 148 people complained that 5processor 125 would overlap their processing power ... in escalation meetings, I was asked to argue for both sides for/against 148ECPS and for/against 125SMP. The 148ECPs faction won and 125SMP never came out. I did redo the 125SMP microcode design in assembler for standard VM370 SMP support running on 158&168 SMP.
past 125SMP posts
https://www.garlic.com/~lynn/submain.html#bounce
past SMP/multiprocessor and/or compare&swap posts
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: online computer conferencing, was: System level coding examples To: <ibm-main@bama.ua.edu> Date: Fri, 16 Nov 2018 14:32:20 -0800bchapman22@GMAIL.COM (Brian Chapman) writes:
things will go from:
listserv->(internet)usenet news groups->google groups
but not reverse direction. usenet postings will show up in google groups (but not listserv), google group postings only show up at google but not listserv or usenet.
grandfather of all this is TYMSHARE's early 70s CMS-based online
computer conferencing that they started providing to SHARE for free in
AUG1976 ... archives here
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
I had cut deal with TYMSHARE to get monthly tape dump of all VMSHARE files for putting up on internal systems and network. The biggest problem I had was with corporate lawyers who were afraid of exposing general employees to customer information.
bitnet & listserv
https://en.wikipedia.org/wiki/BITNET
http://www.lsoft.com/products/listserv-history.asp
https://www.livinginternet.com/u/ui_bitnet.htm
usenet news
https://en.wikipedia.org/wiki/Usenet
google acquaires the deja usenet newsgroup archive
https://en.wikipedia.org/wiki/Google_Groups#History
virtual machines, cp40, cp67 (precursor to vm370), networking technology used for the internal network (larger than internet/arpanet from just about the beginning until sometime mid-80s, also used for corporate sponsored university BITNET, also larger than arpanet/internet for some time), lots of online applications, etc, all from the IBM cambridge science center in the 60s. GML was also invented at the science center in 1969 (3letters for the last names of inventors, decade later morphs into ISO SGML, another decade morphs into HTML at CERN).
I was blamed for online computer conferencing on the internal network in the late 70s & early 80s. Folklore is that when corporate executive committee was told about online computer conferencing (and internal network), 5of6 wanted to fire me. One of the results was an official online discussion tool ... which was superset of combined usenet&listserv (or listserv was subset of the internal tool).
internal online computer conferencing posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
BITNET (& EARN) posts
https://www.garlic.com/~lynn/subnetwork.html#bitnet
science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: PROFS, email, 3270 Blog: Facebook Date: 17 Nov 2018PROFS group picked up a number of internal applications for use, one was a very early version of VMSG for the email client. When the VMSG author offered them a much enhanced version, they tried to get him fired (having taken credit for everything in PROFS). Everything quieted down when the author demonstrated that every PROFS note contained his initials in non-displayed field. After that he only shared source with me and one other person.
Somebody with every possible security clearance was needed to scan the backup tapes for the congressional subpoena ... that caught Ollie. Middle 90s, the first lady's aid was implicated in canceling backups, loosing tens of thousand of emails. GSA then significantly tightened up backup procedures. With the new enforced backup procedures, after the start of the century the new administration moved to using non-GOV email servers ... resulting in loss of millions of emails. More recently, former first lady, and at the time, sec. of state, was familiar with need to use non-GOV email servers.
Certain 3-letter gov. agency was heavy user starting with CP67 in the
60s ... and very active in (IBM user group) SHARE (SHARE installation
codes were 3-letter and they chose CAD ... supposedly for
cload-and-dagger). They showed some use/load activities over the day
... first peaking around 10am in the morning ... after morning coffee,
people were reading all the dispatches that had been arriving from
around the world over night. You can sometimes see their installation
code in the VMSHARE archives (TYMSHARE started providing their
CMS-based online computer conferencing system for free to SHARE in
AUG1976)
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
VMSG author also wrote parasite/story .... late 70s, 3270 simulator
application (using VM370 psuedo device support) with HLLAPI-like
language ... so small ran in CMS transient area. More detailed
description in this archived old post
https://www.garlic.com/~lynn/2001k.html#35
and "story" that connects to RETAIN (through CCDN gateway) and downloads "PUT BUCKETs"
https://www.garlic.com/~lynn/2001k.html#36
CTSS EMAIL history
https://www.multicians.org/thvv/mail-history.html
https://www.multicians.org/thvv/anhc-34-1-anec.html
some of the CTSS people went to the 5th flr and did multics
https://en.wikipedia.org/wiki/Multics
others went to the IBM science center on the 4th flr and did virtual
machine (cp/40 & cp/67, precursors to VM/370), networking technology
(used for the internal network and later for the corporate sponsored
university BITNET), lots of online applications, invented GML in 1969
(three letters for inventors last name, decade later morphs into ISO
SGML and after another decade morphs into HTML at CERN)
https://en.wikipedia.org/wiki/CP/CMS
https://en.wikipedia.org/wiki/History_of_CP/CMS
One of my hobbies after joining IBM was enhanced production operating systems for internal datacenters and (eventually becoming world-wide) CMS-based online sales&marketing support HONE systems was long time customers. I was asked to go over for some of the early HONE installs outside US ... including when EMEA hdqtrs moved from NY to Paris (and needed a Paris HONE system). One of things I remember from that trip was it took some fiddling in Paris on how to read my email back in the states ... of course, those things are much easier now.
One of my hobbies after joining IBM was enhanced production operating systems for internal datacenters and (eventually becoming world-wide) CMS-based online sales&marketing support HONE systems was long time customers. I was asked to go over for some of the early HONE installs outside US ... including when EMEA hdqtrs moved from NY to Paris (and needed a Paris HONE system). One of things I remember from that trip was it took some fiddling in Paris on how to read my email back in the states ... of course, those things are much easier now.
3270 keyboard would lock if you attempted to hit key when system was writing to the screen. 3277 had electronics in the head. There was FIFO box built for 3277, unplug keyboard from the head, plug in the FIFO box into head, and plug keyboard into the FIFO box. The FIFO box would queue keystrokes in the box if couldn't transmit, avoiding keyboard lock. significantly improving human factors.
3278 moved the electronics back into the controller (to reduce manufacturing cost), it made things much slower (hardware response went from 3277 .086secs, to minimum 3278 .3secs, but frequently much worse) because of the significant increase in chatter between the 3278 and controller (later IBM/PC with 3277 card upload/download was three times faster than IBM/PC with 3278 card). Complaints to 3278 product administrator eventually got a response that the 3278 wasn't designed for interactive computing, but for data entry.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: PC Personal Computing Market Blog: Facebook Date: 17 Nov 2018re:
part of communication group effort to maintain dumb terminal paradigm
(fiercely fighting off client/server and distributed computing) was
block release of mainframe TCP/IP support. Eventually when they could
no longer block it, they changed their story that since communication
group had strategic ownership of everything that crossed datacenter
wall, TCP/IP had to be released through communication group. What was
finally released was kneecapped in various ways ... price, throughput,
performance, etc (got 44kbytes/sec using nearly whole 3090
processor). I did the changes to support RFC1044 and in some
throughput tests at Cray Research between (IBM) 4341 and Cray, got
channel throughput using only modest amount of 4341 processor
(something like 500 times improvement in bytes moved per instruction
executed). 1044 posts
https://www.garlic.com/~lynn/subnetwork.html#1044
The (IBM) internal network (not SNA), larger than arpanet/internet
from just about the beginning until sometime mid-80s, fell behind
internet node numbers, in part because started seeing PC TCP/IP nodes
on the internet, while PCs on the internal network were restricted to
being dumb terminal emulation. Also in the 2nd half of the 80s, the
communication was spreading lots of mis-information that 1) internal
network had to be converted to SNA/VTAM or internal network would stop
working and 2) that SNA/VTAM could support NSFNET (TCP/IP) backbone
(precursor to the modern internet). past NSFNET psts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
Lots of this SNA/VTAM internal misinformation email was gatherred up
by somebody and forwarded to me (with comments). In the past I've
posted this to internet, heavily snipped and redacted to protect the
guilty. NSF related email
https://www.garlic.com/~lynn/lhwemail.html#nsfnet
trivia: in the 90s, Postel (internet standards RFC Editor) before he passes, use to let me help do STD1. He also sponsored my talk on what had to be done to internet to make in industrial strength dataprocessing (standing room only at ISI, with graduate network computer dept over from USC).
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Too Rich to Jail Blog: Facebook Date: 18 Nov 2018Too Rich to Jail
too big to jail (too big to fail, too big to prosecute)
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
1999, I was asked to help stop the coming economic mess (we failed). Then in Jan2009, I was asked to HTML'ize the Pecora Hearings (30s senate hearings into '29 crash), with lots of internal HREFs and URLs between what happened this time and what happened then (reference 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 (comment that there were huge mountains of wallstreet cash totally burying capital hill & that there was possibly only one or two honest members of congress left).
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Confidence Men: Wall Street, Washington, and the Education of a President.
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
has several references that essentially wallstreet was using the EHM debt strategy against the American public. other references were about new president having to choose between the economic A-team (Volcker et al) and the B-team. The A-team was instrumental in getting him elected, but the A-team would have held wallstreet and the too big to fail accountable, which would have likely taken down most of those institutions (so new president chooses the b-team that wasn't going to hold anybody responsible).
... also (back to the 80s), VP and former CIA director repeatedly
claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
other recent posts mentioning "confidence men"
https://www.garlic.com/~lynn/2018.html#44 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#52 How a Misfit Group of Computer Geeks and English Majors Transformed Wall Street
https://www.garlic.com/~lynn/2018.html#60 Senate Democrats Join Hands With Republicans to Sell You Out to Banks
https://www.garlic.com/~lynn/2018.html#104 Tax Cut for Stock Buybacks
https://www.garlic.com/~lynn/2018b.html#18 Important US technology companies sold to foreigners
https://www.garlic.com/~lynn/2018d.html#21 Bankers Hate the Volcker Rule. Now, It Could Be Watered Down
https://www.garlic.com/~lynn/2018e.html#111 Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers
https://www.garlic.com/~lynn/2018f.html#4 Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers
https://www.garlic.com/~lynn/2018f.html#10 Why Dodd-Frank Is A Protection Racket For Banks
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: DASD Development Blog: Facebook Date: 19 Nov 2018DASD engineering bldg 14 "testcells" were locked wire cages ... badges were coded for which doors they opened. Getting into bldg 14 was different code for getting into the machine room with testcells. Something similar for bldg 15 product test next door (coding for bldg 15 machine room was different from bldg 15 exterior doors). Also rule that none of development engineers from bldg 14 had access to bldg 15 product test ... keeping clear separation brick wall between development and product test. I was one of the few people that had badge coded for every door and I didn't even work for the disk division ... I was just random person from san jose research across the street in bldg. 28 that was allowed to wander around.
When I first transferred there all testing was being done on stand alone machine, prescheduled 7x24. They had once tried MVS for multiple concurrent testing, but MVS had 15mins MTBF in that environment. I offered to rewrite I/O supervisor so it was bullet proof and never fail ... allowing on-demand, anytime concurrent testing ... significantly improving productivity. This got me sucked into being blamed any time they had some sort of problem and I would have to come in and diagnose something that was almost always a hardware problem.
Several years later when 3380 was preparing to ship, FE had error
regression, 57 errors that they were able emulate where MVS was still
crashing in all 57 cases (requiring re-ipl) and in 2/3rds of the cases
there was no indication of what caused the re-ipl. old email
https://www.garlic.com/~lynn/2007.html#email801015
In internal document describing the I/O supervisor rewrite, I happened to mentioned the MVS 15min MTBF ... which brought down the wrath of the MVS group on my head.
Bldg. 15 product test would get early engineering machines for dasd test ... second or third operation machines ... 3033, 4341, etc. Since DASD testing only took a couple percent of the system, we set up in house time-sharing service on the 3033 ... found spare strings of 16 3330s.
When initially set up, somebody was running thin-film head air bearing simulation (floating head) on the 370/195 over in bldg. 28, but was lucky to get (high-priority) one week turn around. We setup so he could run on our in-house 3033 service ... even though 3033 run time was more than twice 195 ... they could still get several turn arounds a day (compared to be lucky to get one-week turn around on 195)
We also did fiddling with boxes ... when 3274 controller first arrived, the boxes were constantly required to be manually reset/re-impl. We found that if you hit every 3274 subchannel address with HDV/CLRIO in tight loop, the 3274 would re-impl on its own. We found we could do something similar with the 3033 channel director to prompt it to re-impl.
posts mentioning getting to play disk engineering in bldg14&15
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: Re: So much for THAT excuse | Computerworld SHARK TANK Newsgroups: bit.listserv.ibm-main Date: Tue, 20 Nov 2018 20:26:30 -08000000000a2a8c2020-dmarc-request@LISTSERV.UA.EDU (Tom Marchant) writes:
bemer history index page
https://web.archive.org/web/20180402200149/http://www.bobbemer.com/HISTORY.HTM
Bob Bemer
https://en.wikipedia.org/wiki/Bob_Bemer
Computer Pioneer Bob Bemer, 84
http://www.washingtonpost.com/wp-dyn/articles/A4138-2004Jun24.html
Robert W. Bemer, 84, Pioneer In Computer Programming
https://www.nytimes.com/2004/06/25/us/robert-w-bemer-84-pioneer-in-computer-programming.html
Robert W. Bemer
http://history.computer.org/pioneers/bemer.html
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: 1970s school compsci curriculum--what would you do? Newsgroups: alt.folklore.computers Date: Wed, 21 Nov 2018 13:32:27 -0800timcaffrey420 writes:
In the 70s, some of the science center split off to form the VM370 development group ... as part of the rewrite of CP67 to VM370 they dropped and/or simplified lots of CP67.
Early 1974, I started work on moving lots of code from CP67 to VM370
... finally finishing a lot of it spring 1975. archived 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
One of my hobbies after joining IBM was enhanced production operating systems for internal datacenters ... and sometimes some of the work would be periodically picked up for standard release and shipped to customers. Pieces of the CP67->VM370 work didn't start shipping to customers until sometime 1976.
One of the things done for performance work was synthetic workloads and configuration controls for automated benchmarking. Starting with standard vm370, it was guaranteed to crash vm370. I had to redo significant amount of the vm370 serialization and integrity infrastructure in order to eliminate the automated benchmarking guaranteed system crashes (as well as zombie users).
past science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
past automated benchmarking posts
https://www.garlic.com/~lynn/submain.html#benchmark
somebody at the science center (4th flr, 545 tech sq) had ported PDP1
spacewar
https://en.wikipedia.org/wiki/Spacewar%21
to a 2250mod4 (i.e. 1130+2250 display)
https://en.wikipedia.org/wiki/IBM_2250
After joining the science center, I would sometimes would bring my kids in on weekends and let them play spacewars ... keyboard was divided in half for two-person play controls..
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: 1970s school compsci curriculum--what would you do? Newsgroups: alt.folklore.computers Date: Wed, 21 Nov 2018 16:34:50 -0800maus <mausg@mail.com> writes:
Supposedly IMP-based ARPANET was designed to be significantly resilient to network damage/outage. However just before cutover to internetworking protocol, 1Jan1983, there were 100 IMPs (and 255 connected hosts) ... and observation was that IMP administration chatter totally saturated the links whenever anything happened (aka it didn't scale well, administration overhead increasingly non-linear with number of IMPs).
we had been working with some people at Oracle on scale-up of cluster
Oracle to commercial 128-way .... when our cluster scale-up was
transferred, announced as IBM supercomputer (we had also been working
with national labs and other gov. agencies on technical/scientific
cluster scale-up) and we were told we couldn't work on anything with more
than four processors (contributing factor was mainframe DB2 complained
that if we were allowed to go ahead, it would be at least five years
ahead of them) ... we leave a few months later. old archive post about
Jan1992 meeting in Ellison's conference room (just weeks before cluster
scale-up transfer)
https://www.garlic.com/~lynn/95.html#13
later two of the people in the meeting had left Oracle, and were working were at a small client/server startup responsible for something called "commercial server" and we were brought in as consultants because they want to do payment transactions on the server, they had also invented some technology called "SSL" they wanted to use, the result is now frequently called "electronic commerce".
I had absolute authority over webservers to payment networks (but could only make recommentations between servers and client ... some of which were almost immediately violated and have accounted for some number of vulnerabilities and exploits).
Shift-4 was payment service & and transaction protocol (primarily used by T&E industry, especially Las Vegas hotels and casinos) ... and was the transaction protocol was selected for use between the servers and internet gateway that interfaced to payment networks. At the time, payment operation centers had requirement of 5min elapsed time for first level problem determination ... but problem determination was primarily based on circuit based infrastructure (that didn't translate directly to packet-based Internet). Early webserver test had situation where service disruption was closed with NTF (no trouble found) after three hrs of manual trouble shooting. I had to do bunch of software compensating procedures and write diagnostic manual for commercial transition from circuit-based infrastructure to packet-based infrastructure.
payment network gateway posts
https://www.garlic.com/~lynn/subnetwork.html#gateway
For internet partitioning and outages, started out with multiple connections between payment gateways and multiple different critical places in internet backbones and advertising routes via routed. However during the "electronic commerce" development period, the internet backbone transitions to hierarchical routing (because advertised routes wasn't scaling). That left fallback to just DNS multiple A-records (i.e. webserver mapping to multiple IP addresses). On the startup client/browser side, they kept claiming that supporting multiple A-records (when unable to connect to first ip-address, try any additional ip-addresses) was too complex (even when I provided client examples from tcp/ip reno&tahoe distributions). It took another year to get the browser people to support multiple A-records.
Until he passes, Postel (internet standards RFC editor) use to let me help with (periodically re-issued) STD1. He also sponsored my "Why Internet Isn't Business Critical Dataprocessing" talk at ISI (and invited USC computer networking graduate department, standing room only). Of course, going on 25yrs later, lots of the stuff is old hat now at Internet operation centers. Just guessing, that (at least some) current "Shift4" POS terminals are running over the Internet.
I've periodically pontificated over the years that it can take
ten times the effort of a well designed & tested application to
turn it into business critical service ... some past posts
https://www.garlic.com/~lynn/2003g.html#62 IBM says AMD dead in 5yrs ... -- Microsoft Monopoly vs. IBM
https://www.garlic.com/~lynn/2004l.html#49 "Perfect" or "Provable" security both crypto and non-crypto?
https://www.garlic.com/~lynn/2006n.html#20 The System/360 Model 20 Wasn't As Bad As All That
https://www.garlic.com/~lynn/2007f.html#37 Is computer history taught now?
https://www.garlic.com/~lynn/2007h.html#78 John W. Backus, 82, Fortran developer, dies
https://www.garlic.com/~lynn/2007n.html#76 PSI MIPS
https://www.garlic.com/~lynn/2007n.html#77 PSI MIPS
https://www.garlic.com/~lynn/2007o.html#23 Outsourcing loosing steam?
https://www.garlic.com/~lynn/2007p.html#54 Industry Standard Time To Analyze A Line Of Code
https://www.garlic.com/~lynn/2008e.html#41 IBM announced z10 ..why so fast...any problem on z 9
https://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
https://www.garlic.com/~lynn/2008n.html#35 Builders V. Breakers
https://www.garlic.com/~lynn/2009.html#0 Is SUN going to become x86'ed ??
https://www.garlic.com/~lynn/2011i.html#27 PDCA vs. OODA
https://www.garlic.com/~lynn/2011k.html#67 Somewhat off-topic: comp-arch.net cloned, possibly hacked
https://www.garlic.com/~lynn/2012d.html#44 Faster, Better, Cheaper: Why Not Pick All Three?
https://www.garlic.com/~lynn/2014f.html#13 Before the Internet: The golden age of online services
https://www.garlic.com/~lynn/2014m.html#86 Economic Failures of HTTPS Encryption
https://www.garlic.com/~lynn/2014m.html#146 LEO
https://www.garlic.com/~lynn/2015e.html#10 The real story of how the Internet became so vulnerable
https://www.garlic.com/~lynn/2015e.html#16 The real story of how the Internet became so vulnerable
https://www.garlic.com/~lynn/2017.html#27 History of Mainframe Cloud
https://www.garlic.com/~lynn/2017f.html#23 MVS vs HASP vs JES (was 2821)
https://www.garlic.com/~lynn/2017i.html#18 progress in e-mail, such as AOL
https://www.garlic.com/~lynn/2017j.html#42 Tech: we didn't mean for it to turn out like this
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Lawmakers Leak Plan For $3 Billion Pension-Fund Bailout Blog: Facebook Date: 24 Nov 2018Oct2008 congressional hearing testimony was that rating agencies were being paid for triple-A ratings on securitized mortgages when they (rating agencies) knew they weren't worth triple-A. The triple-A rating contributed significantly to being able to do over $27T 2001-2008, including selling into bond market to institutions restricted to only dealing in "safe" investments, including pension funds (some estimated that they lost 30% of value).
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
(triple-A rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdos
Lawmakers Leak Plan For $3 Billion Pension-Fund Bailout
https://www.zerohedge.com/news/2018-11-24/lawmakers-leak-plan-3-billion-pension-fund-bailout
"We bailed out Wall Street in 2008 and 2009," said Kenneth Feinberg,
who was appointed to a top role at the Treasury Department in 2015
working on problems with multiemployer pension plans. "Bailouts have
occurred before."
... snip ...
past Pension Benefit Guaranty Corp posts
https://www.garlic.com/~lynn/2006o.html#61 Health Care
https://www.garlic.com/~lynn/2007j.html#91 IBM Unionization
https://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008b.html#38 What do YOU call the # sign?
https://www.garlic.com/~lynn/2008n.html#13 Michigan industry
https://www.garlic.com/~lynn/2010b.html#24 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010d.html#46 search engine history, was Happy DEC-10 Day
https://www.garlic.com/~lynn/2010i.html#77 Favourite computer history books?
https://www.garlic.com/~lynn/2012.html#94 Bankruptcy a reprieve for some companies
https://www.garlic.com/~lynn/2013k.html#4 copyright protection/Doug Englebart
https://www.garlic.com/~lynn/2014m.html#8 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#10 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#24 weird apple trivia
https://www.garlic.com/~lynn/2014m.html#90 Is IBM Suddenly Vulnerable To A Takeover?
https://www.garlic.com/~lynn/2015.html#7 weird apple trivia
https://www.garlic.com/~lynn/2015.html#59 IBM Data Processing Center and Pi
https://www.garlic.com/~lynn/2015e.html#81 prices, was Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2015e.html#88 prices, was Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2015e.html#89 prices, was Western Union envisioned internet functionality
https://www.garlic.com/~lynn/2016b.html#83 Qbasic - lies about Medicare
https://www.garlic.com/~lynn/2016b.html#98 Qbasic - lies about Medicare
https://www.garlic.com/~lynn/2016c.html#94 Pension Funds at Risk
https://www.garlic.com/~lynn/2016e.html#98 E.R. Burroughs
https://www.garlic.com/~lynn/2016f.html#45 OT: DuPont seeks to screw workers of their pensions
https://www.garlic.com/~lynn/2016f.html#100 D.C. Hivemind Mulls How Clinton Can Pass Huge Corporate Tax Cut
https://www.garlic.com/~lynn/2017d.html#18 IBM Pension
https://www.garlic.com/~lynn/2017d.html#93 United Air Lines - an OODA-loop perspective
https://www.garlic.com/~lynn/2017f.html#4 [CM] What was your first home computer?
https://www.garlic.com/~lynn/2017h.html#80 The IBM Appeal - when is a pensions promise not a promise?
https://www.garlic.com/~lynn/2017h.html#97 Business as Usual: The Long History of Corporate Personhood
https://www.garlic.com/~lynn/2017h.html#98 endless medical arguments, Disregard post (another screwup)
https://www.garlic.com/~lynn/2017h.html#100 'X' Marks the Spot Where Inequality Took Root: Dig Here
https://www.garlic.com/~lynn/2018b.html#59 Doubts about the HR departments that require knowledge of technology that does not exist
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: LRU ... "global" vs "local" Blog: Facebook Date: 25 Nov 2018Still undergraduate, 1968 I rewrote lots of cp67 software at the university, including i/o system (along with page i/o) and page replacement. About the same time, some of the Dartmouth people wrote academic article in ACM on "local" least recently used page replacement algorithm. My page replacement algorithm was "global" LRU. Lots of My code was picked and included in standard CP67 distribution (including "global" LRU page replacement). In the early 70s, the IBM Grenoble Scientific Center modified CP67 to implement the 1968 ACM description from Dartmouth. My "global" LRU CP/67 on cambridge 768kbyte 360/67 (104 available 4kbyte pages) with 80 users had better response and throughput than the Grenoble system with 1mbyte 360/67 (155 pageable pages) with 35 users running nearly identical workload.
Role forward to SIGOPS (Asilomar, 14-16Dec81), Jim Gray (who I worked with at San Jose Research, bldg28, before he left for Tandem), asked me if I could help a Tandem co-worker get his Stanford PHD which involved "global" LRU ... and some of the old Dartmouth players involved in the 1968 "local" LRU ... were lobbying Stanford heavily to not award the PHD. Jim was aware that I had the detailed CP/67 global/local LRU data from decade earlier Cambridge/Grenoble comparison.
Note however, SJR management prevented me for nearly a year from
sending a response, old archived (even tho my original work had been
done as undergraduate in 1968)
https://www.garlic.com/~lynn/2006w.html#email821019
Late 70s and early 80s, I was blamed for online computer conferencing (precursor to modern social media) on the internal network (larger than arpanet/internet from just about the beginning until sometime mid-80s). Folklore is that when the corporate executive committee was told about online computer conferencing (and the internal network), 5of6 wanted to fire me. I hoped that SJR management thought preventing me from sending response was some sort of punishment (for online computer conferencing) rather than taking sides in the LRU academic dispute.
From IBMJargon (part of the online computer conferencing)
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticised the way products were [are] developed.
The memos are required reading for anyone with a serious interest in
quality products. If you have not seen the memos, try reading the
November 1981 Datamation summary.
... snip ...
note: I wasn't responsible for the leak to Datamation, even tho my name is prominently mentioned.
posts referring to virtual memory, paging, page replacement
https://www.garlic.com/~lynn/subtopic.html#clock
global LRU related email
https://www.garlic.com/~lynn/lhwemail.html#globallru
specific posts mention Grenoble Science Center and LRU
https://www.garlic.com/~lynn/94.html#1 Multitasking question
https://www.garlic.com/~lynn/99.html#18 Old Computers
https://www.garlic.com/~lynn/2002c.html#49 Swapper was Re: History of Login Names
https://www.garlic.com/~lynn/2002o.html#30 Computer History Exhibition, Grenoble France
https://www.garlic.com/~lynn/2004c.html#59 real multi-tasking, multi-programming
https://www.garlic.com/~lynn/2004g.html#13 Infiniband - practicalities for small clusters
https://www.garlic.com/~lynn/2004q.html#73 Athlon cache question
https://www.garlic.com/~lynn/2005d.html#37 Thou shalt have no other gods before the ANSI C standard
https://www.garlic.com/~lynn/2005d.html#48 Secure design
https://www.garlic.com/~lynn/2005f.html#47 Moving assembler programs above the line
https://www.garlic.com/~lynn/2005h.html#10 Exceptions at basic block boundaries
https://www.garlic.com/~lynn/2005h.html#15 Exceptions at basic block boundaries
https://www.garlic.com/~lynn/2005n.html#23 Code density and performance?
https://www.garlic.com/~lynn/2006f.html#0 using 3390 mod-9s
https://www.garlic.com/~lynn/2006i.html#31 virtual memory
https://www.garlic.com/~lynn/2006i.html#36 virtual memory
https://www.garlic.com/~lynn/2006i.html#42 virtual memory
https://www.garlic.com/~lynn/2006j.html#17 virtual memory
https://www.garlic.com/~lynn/2006j.html#25 virtual memory
https://www.garlic.com/~lynn/2006l.html#14 virtual memory
https://www.garlic.com/~lynn/2006q.html#19 virtual memory
https://www.garlic.com/~lynn/2006q.html#21 virtual memory
https://www.garlic.com/~lynn/2006r.html#34 REAL memory column in SDSF
https://www.garlic.com/~lynn/2006w.html#46 The Future of CPUs: What's After Multi-Core?
https://www.garlic.com/~lynn/2007s.html#5 Poster of computer hardware events?
https://www.garlic.com/~lynn/2008c.html#65 No Glory for the PDP-15
https://www.garlic.com/~lynn/2008h.html#70 New test attempt
https://www.garlic.com/~lynn/2008h.html#79 Microsoft versus Digital Equipment Corporation
https://www.garlic.com/~lynn/2008r.html#21 What if the computers went back to the '70s too?
https://www.garlic.com/~lynn/2010f.html#85 16:32 far pointers in OpenWatcom C/C++
https://www.garlic.com/~lynn/2010f.html#89 16:32 far pointers in OpenWatcom C/C++
https://www.garlic.com/~lynn/2011c.html#8 The first personal computer (PC)
https://www.garlic.com/~lynn/2011l.html#6 segments and sharing, was 68000 assembly language programming
https://www.garlic.com/~lynn/2012c.html#17 5 Byte Device Addresses?
https://www.garlic.com/~lynn/2012g.html#21 Closure in Disappearance of Computer Scientist
https://www.garlic.com/~lynn/2012g.html#25 VM370 40yr anniv, CP67 44yr anniv
https://www.garlic.com/~lynn/2012l.html#37 S/360 architecture, was PDP-10 system calls
https://www.garlic.com/~lynn/2013f.html#42 True LRU With 8-Way Associativity Is Implementable
https://www.garlic.com/~lynn/2013i.html#30 By Any Other Name
https://www.garlic.com/~lynn/2013k.html#70 What Makes a Tax System Bizarre?
https://www.garlic.com/~lynn/2013l.html#25 Teletypewriter Model 33
https://www.garlic.com/~lynn/2014l.html#22 Do we really need 64-bit addresses or is 48-bit enough?
https://www.garlic.com/~lynn/2014m.html#138 How hyper threading works? (Intel)
https://www.garlic.com/~lynn/2015c.html#66 Messing Up the System/360
https://www.garlic.com/~lynn/2016.html#78 Mainframe Virtual Memory
https://www.garlic.com/~lynn/2016c.html#0 You count as an old-timer if (was Re: Origin of the phrase "XYZZY")
https://www.garlic.com/~lynn/2017k.html#35 little old mainframes, Re: Was it ever worth it?
https://www.garlic.com/~lynn/2018d.html#28 MMIX meltdown
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Wed, 28 Nov 2018 10:22:45 -0800Ahem A Rivet's Shot <steveo@eircom.net> writes:
As undergraduate in 1968, I rewrote a lot of (virtual machine) CP67 at the university, including much of the virtual memory, paging, and page replacement algorithm. The page replacement algorithm was a kind of "global" LRU ("least recently used"), most of which was picked up and shipped in the standard product. At the time, there was academic paper published in CACM ... on another kind of page replacement algorithm that was "local" LRU.
In the early 70s, the cambridge scientific center was running CP/67 on 768kbyte 360/67 (104 pageable pages after fixed memory requirements). Also in the early 70s, the grenoble scientific center modified their CP/67 to correspond with the 1968 CACM "local LRU" academic paper ... and ran on 1mbyte 360/67 (155 pageable pages after fixed memory requirements (and results published in CACM). I was provideed detailed performance details from both the Cambridge and Grenoble systems. The Cambridge system with 75-80 users and better throughput and response than the Grenoble system with 35users (with 50% more pageable memory and half the users running similar workload profile as Cambridge users).
Role forward to SIGOPS (Asilomar, 14-16Dec81), Jim Gray (who I worked with at San Jose Research, bldg28, before he left for Tandem), asked me if I could help a Tandem co-worker get his Stanford PHD which involved "global" LRU ... and some of the players involved in the 1968 "local" LRU ... were lobbying Stanford heavily to not award the PHD. Jim was aware that I had the detailed CP/67 global/local LRU data from decade earlier Cambridge/Grenoble comparison.
Note however, SJR management prevented me for nearly a year from
sending a resply, old archived response (even tho my original work had
been done as undergraduate in 1968)
https://www.garlic.com/~lynn/2006w.html#email821019
Late 70s and early 80s, I was blamed for online computer conferencing (precursor to modern social media) on the internal network (larger than arpanet/internet from just about the beginning until sometime mid-80s). Folklore is that when the corporate executive committee was told about online computer conferencing (and the internal network), 5of6 wanted to fire me. I hoped that SJR management thought preventing me from sending response was some sort of punishment for online computer conferencing rather than taking sides in the LRU academic dispute.
From IBMJargon (part of the online computer conferencing):
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticised the way products were [are] developed.
The memos are required reading for anyone with a serious interest in
quality products. If you have not seen the memos, try reading the
November 1981 Datamation summary.
... snip ...
Later in the early 70s, I had done a variation on page replacement ... LRU has assumption that least recently used page is the least likely to be used in the near future ... so is best candidate for replacement. However, there can be pathelogical situation where that doesn't hold true ... even the least recently used page can be the most likely to be used next. The variation was to include some amount of random information, but when LRU is working well, the LRU information will dominate the random information. However, when LRU is working poorly, the random information starts to dominate (with the replacement algorithm switching from LRU replacement ... to approx. random replacement).
posts referring to virtual memory, paging, page replacement
https://www.garlic.com/~lynn/subtopic.html#clock
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Wed, 28 Nov 2018 17:45:40 -0800re:
other "scientists" paid by vested interests, working to preserve the
status quo; book about scientists paid to produce reports&studies
... some of the same scientists involved over the years with tobacco
industry, "team b" russian military analysis, climate change, etc
https://www.merchantsofdoubt.org/
https://en.wikipedia.org/wiki/Merchants_of_Doubt_(film)
something similar as economy was crashing last decade, a wallstreet
financial consultant recommending to put ("capture") as many prominant
economists as possible on salary or retainer. 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."
inside job
https://en.wikipedia.org/wiki/Inside_Job_(2010_film)
including prominent economist paid to testify in court on behalf of #1
on time's list of those responsible for economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
"merchant of doubt" posts
https://www.garlic.com/~lynn/submisc.html#merchants.of.doubt
"team B" posts
https://www.garlic.com/~lynn/submisc.html#team.b
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Why General Motors Is Cutting Over 14,000 Workers Blog: Facebook Date: 28 Nov 2018Why General Motors Is Cutting Over 14,000 Workers
Congress passes foreign auto import quotas, reduces foreign competition, allows big US auto price increases and enormously increases US auto profits ... supposedly to be used to completely remake themselves. Instead they just pocketed the profits and continue business as arts. Early 80s, there was article calling for 100% unearned profit tax on the US auto makers (because they just pocketed the increase in profits and continued business as usual).
In 1990 they had the C4 taskforce to look at completely remaking themselves and because they were planning on heavily leveraging technology, they invited representatives from technology companies to participate. In the meetings, they could describe in detail what the foreign auto makers were doing (right) and the changes that US had to make. However, from the more recent bailouts, they still continued business as usual and weren't able to "remake" themselves.
C4 taskforce posts
https://www.garlic.com/~lynn/submisc.html#auto.c4.taskforce
From the law of unintended consequences, back in the 80s the reduction in competition allowed US makers to nearly double auto prices. However, public wages didn't see a corresponding increase so they had to move from the traditional 36month auto loans to 60month (and 72month) auto loans. However, to have 60month loans, they had to increase warranties to 60months ... and because of poor US quality, this drastically increases warranty costs (then forced into some quality improvement to reduce warranty costs).
How Toyota Turns Workers Into Problem Solvers
http://hbswk.hbs.edu/item/how-toyota-turns-workers-into-problem-solvers
To paraphrase one of our contacts, he said, "It's not that we don't
want to tell you what TPS is, it's that we can't. We don't have
adequate words for it. But, we can show you what TPS is."
We've observed that Toyota, its best suppliers, and other companies
that have learned well from Toyota can confidently distribute a
tremendous amount of responsibility to the people who actually do the
work, from the most senior, experienced member of the organization to
the most junior. This is accomplished because of the tremendous
emphasis on teaching everyone how to be a skillful problem solver.
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Economic Mess Prosecution Blog: Facebook Date: 29 Nov 2018some of what went into Sarbanes-Oxley ... made financial crimes much easier to prove along with extended statute of limitation ... long after statute of limitations had expired for other financial crimes, they could still have been easily prosecuted with SOX.
sarbanes-oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
back to the 80s, VP and former CIA director repeatedly claims no
knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
Republicans and Saudis bailing out the Bushes
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
funny thing, as undergraduate in the 60s I rewrote a lot of IBM's (virtual machine) mainframe operating system, including adding dynamic adaptive resource management ... which IBM picked up and shipped in standard product ... in use by lots of commercial customers, but also by some gov. agencies (some I didn't even know about until later, getting asked to give computer security classes in the 70s).
dynamic adaptive resource management posts
https://www.garlic.com/~lynn/subtopic.html#fairshare
Roll forward to 1999, I'm asked to help stop the coming economic mess (we failed). Some "investment bankers" had walked away "clean" from the S&l crisis, were then running Internet IPO mills (invest few million, hype, IPO for a few billion, should then fail, to leave field clear for next round), and were predicted next to get into securitized mortgage.
I was to improve the integrity of securitized mortgage supporting documents as countermeasure. However, they then find they can pay the rating agencies for triple-A (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional testimony). Triple-A trumps supporting documents and they can start doing no-document, liar loans, securitize, pay for triple-A and sell into the bond market (including to institutions restricted to only dealing in *SAFE* investments, like large pension funds which then take big hit), largely contributing to doing over $27T 2001-2008.
(triple-A rated) toxic CDOs posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Sarbanes-Oxley rhetoric on floor of congress was that it would stop future ENRONs and guarantee that executives and auditors did jailtime, however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything (aka "regulatory capture"), it started doing reports of public company fraudulent financial reporting, even showing they increased after SOX goes into effect (and nobody doing jailtime)
enron posts
https://www.garlic.com/~lynn/submisc.html#enron
public company financial reporting fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
regulatory capture posts
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
Less well known is that SOX also required SEC to do something about the rating agencies, but SEC did about as much about the rating agencies as they did about the public company fraudulent financial reporting.
Decade later, Jan2009 I'm asked to HTML'ize the Pecora Hearings (30s senate hearings into '29crash, resulted in criminal convictions with jailtime and Glass-Steagall, had been scanned the fall before at Boston Public Library), 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 (references to enormous mountains of wallstreet cash totally burying capital hill, comments that there are at most 2-3 honest members of congress).
Pecora Hearings &/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
Confidence Men: Wall Street, Washington, and the Education of a
President.
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
has several references that essentially wallstreet was using the EHM debt strategy against the American public. other references were about new president having to choose between the economic A-team (Volcker et al) and the B-team. The A-team was instrumental in getting him elected, but the A-team would have held wallstreet and the too big to fail accountable, which would have likely taken down most of those institutions (so new president chooses the b-team that wasn't going to hold anybody responsible).
too big to fail (too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Economic Mess Prosecution Blog: Facebook Date: 30 Nov 2018re:
from annals of more than you ever wanted to know; banks use to do
mortgages using deposits and make money off the mortgage payments (had
to care about borrowers' qualifications). With securitized mortgages
(& triple-A rating), non-bank loan originators move in, securitize,
sell into the bond market through wallstreet; money made off
transaction fees (& new business for wallstreet), revenue proportional
to mortgage amount and how fast they can sell off the mortgages (no
longer needing to care about borrowers' qualifications). Number one on
time's list of those responsible for the economic mess (loan
originator CEO):
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
(tripla-A) toxic CDOs
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Number two on Time's list was responsible for GLBA and repeal of
Glass-Steagall, but is on the list because of legislation to prevent
regulation of CDS gambling bets.
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
original described as gift to ENRON. Chair of CFTC proposes regulating CDS gambling bets ... and is quickly replaced with #2's wife, while he gets legislation preventing CDS gambling bet regulation, his wife then resigns and is appointed to ENRON's board and audit committee.
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
ENRON Posts
https://www.garlic.com/~lynn/submisc.html#enron
Then they find that they can design securitize mortgages to fail, pay for triple-A, sell-off into the bond market and take out CDS gambling bets that they would fail (creating enormous demand for dodgy loans/mortgages, now they care about borrowers' qualifications, but not in traditional way). The largest holder of the CDS gambling bets was AIG and was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in and has them sign a document that they can't sue those making the bets and to take TARP funds to pay off at face value. The largest recipient of TARP funds was AIG and the large recipient of face value payoffs was the firm formally headed by SECTREAS.
SECTREAS had lobbied congress for TARP funds to buy "off book" toxic assets, but with only $700B appropriated would hardly make dent in the off book toxic assets, with just the four largest TBTF holding $5.2T ye2008 (a few tens of billions had gone for 22cents on the dollar earlier in the year, if forced to "mark to market", the institutions would have been declared insolvent and forced to be liquidated). Bailout is mostly done behind the scenes by Federal Reserve, buying trillions in off book toxic assets at 98cents on the dollar and providing tens of trillions in ZIRP funds.
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
FED Chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Suits Blog: Facebook Date: 30 Nov 2018recent IBM suits and drinking the "kool-aid" posts
I drank the kool-aid when I joined ... but then there was something I considered totally inconsistent with IBM values ... and got told that I would have no career or promotions if I didn't go along ... I stopped worrying about my dress after that. Guy running one of the largest financial datacenters on east coast (vast football field of IBM mainframes) liked me to stop by and talk technology. At some point the local IBM branch manager horribly offended the customer and they decided to order an Amdahl box (to punish IBM). Up until then Amdahl had sold into technical & university boxes but hadn't yet broken into the true-blue commercial market ... and this would be the first (since orange box in vast sea of blue).
I was asked to go onsite for 6-12 months to obfuscate why the customer was ordering an Amdahl box, trying to make it look like a technical issue, and I refused. The customer said they wouldn't mind me being onsite for a year, but it wouldn't change their mind about ordering the Amdahl box. I was told that this was going to reflect badly on the branch manager's career who was a good sailing buddy of IBM CEO ... and I was to fall on the sword, making it look like a technical issue. I stopped wearing the "empty suit" uniform and also made sure that my business cards carried no title (or at least was just one word "staff", since most places I went, people knew who I was already and it was immaterial how IBM ranked me).
was at the end of FS period: Ferguson & Morris, "Computer Wars: The
Post-IBM World", Time Books, 1993 .... reference to the "Future
System" project 1st half of the 70s, was going to completely replace
370 and 370 efforts were being shutdown, the lack of 370 products
during the period is credited with giving clone processor makers
(including Amdahl) market foothold:
... and perhaps most damaging, the old culture under Watson Snr and Jr
of free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived in
the shadow of defeat
... But because of the heavy investment of face by the top management,
F/S took years to kill, although its wrong headedness was obvious from
the very outset. "For the first time, during F/S, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
I had continued to work on 360/370 stuff all during the FS period, even periodically ridiculing FS (which also wasn't exactly career enhancing activity).
Future System posts
https://www.garlic.com/~lynn/submain.html#futuresys
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Bushes: Fathers and Sons Blog: Facebook Date: 02 Dec 2018conflates several things: The Bushes: Fathers and Sons
CIA director Colby refuses to approve "Team B" analysis greatly
exaggerating Russian military capability, justifying huge US military
spending increase.
https://en.wikipedia.org/wiki/Team_B
"team B" posts
https://www.garlic.com/~lynn/submisc.html#team.b
White House Chief of Staff Rumsfeld gets Colby replaced with somebody (Bush1) that will agree with "Team B" analysis. Rumsfeld then resigns to become SECDEF (and is replaced by his assistant Cheney).
In the 80s, US supports Iraq in the Iran/iraq war
http://en.wikipedia.org/wiki/Iran-Iraq_War
Bush1 is VP, two Bechtel SVPs are SECTREAS and SECDEF, and Rumsfeld is
involved in supporting Iraq, including supplying WMDs
http://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
In the early 90s, Bush1 is president, Cheney is SECDEF and previous
SECTREAS is SECSTATE. Sat. photo recon analyst told white house that
Saddam was marshaling forces to invade Kuwait. White house said that
Saddam would do no such thing and proceeded to discredit the
analyst. Later the analyst informed the white house that Saddam was
marshaling forces to invade Saudi Arabia, now the white house has to
choose between Saddam and the Saudis.
https://www.amazon.com/Long-Strange-Journey-Intelligence-ebook/dp/B004NNV5H2/
Records appear showing Bush ran Iran/Contra and he pardons everybody
but public scapegoat Ollie.
https://www.amazon.com/Profiteers-Bechtel-Men-Built-World-ebook/dp/B010MHAHV2/
This century, Bush2 is president, Cheney is VP, Rumsfeld is SECDEF and
one of the "Team B" members is deputy SECDEF (and major architect of
Iraq policy).
https://en.wikipedia.org/wiki/Paul_Wolfowitz
Before the invasion, the cousin of white house chief of staff Card
... was dealing with the Iraqis at the UN and was given evidence that
WMDs (tracing back to US in the Iran/Iraq war) had been
decommissioned. the cousin shared it with Card, Powell and others
... then is locked up in military hospital, book was published in 2010
(4yrs before decommissioned WMDs were declassified)
https://www.amazon.com/EXTREME-PREJUDICE-Terrifying-Story-Patriot-ebook/dp/B004HYHBK2/
NY Times series from 2014, the decommission WMDs (tracing back to US
from Iran/Iraq war), had been found early in the invasion, 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
WMD posts
https://www.garlic.com/~lynn/submisc.html#wmds
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). From the law of unintended consequences, the invaders
were told to bypass ammo dumps looking for WMDs, when they got around
to going back, over a million metric tons had evaporated.
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
perpetual war posts
https://www.garlic.com/~lynn/submisc.html#perpetual.war
... also (back to the 80s), VP and former CIA director repeatedly
claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Legacy of President George H.W. Bush: War Crimes, Racism
https://theintercept.com/2018/12/01/the-ignored-legacy-of-george-h-w-bush-war-crimes-racism-and-obstruction-of-justice/
America's new aristocracy lives in an accountability-free zone
https://www.theguardian.com/commentisfree/2018/oct/05/americas-new-aristocracy-live-accountability-free-zone-david-sirota
2002, congress lets the fiscal responsibility act expire (spending can't exceed tax revenue, on its way to eliminating all federal debt). 2010 CBO report, 2003-2009, taxes were cut by $6T and spending increased by $6T for $12T difference with fiscal responsible budget (first time taxes were cut to not pay for two wars).
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
Also, spring 2009, IRS announces that it is going after 50,000 Americans that owed $400B on money illegally stashed overseas (separate from the changes that allowed legally stashing trillions overseas). Spring 2011, new speaker of house said that they were cutting budget for department responsible for recovering that $400B. Since then there was news about few billion in fines on too big to fail that facilitated the tax evasion, but nothing about recovering the $400B.
tax evasion, tax fraud, tax avoidance, tax haven posts
https://www.garlic.com/~lynn/submisc.html#tax.evasion
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sun, 02 Dec 2018 19:27:00 -0800Quadibloc <jsavard@ecn.ab.ca> writes:
going along with science is innovation ... as opposed to static instituions working to preserve the status quo.
"wny nations fail"
https://www.amazon.com/Why-Nations-Fail-Origins-Prosperity-ebook/dp/B0058Z4NR8/
highlights that original purpose of patent office was to promote
innovation and protect individual inventors from corporations trying to
preserve the status quo and block innovation ... however it currently
has morphed into the exact opposite (being used by corporations for
"defensive patents" and maintaining status quo). also, pg33:
Between 1820 and 1845, only 19 percent of patentees in the United States
had parents who were professionals or were from recognizable major
landowning families. During the same period, 40 percent of those who
took out patents had only primary schooling or less, just like
Edison. Moreover, they often exploited their patent by starting a firm,
again like Edison. Just as the United States in the nineteenth century
was more democratic politically than almost any other nation in the
world at the time, it was also more democratic than others when it came
to innovation. This was critical to its path to becoming the most
economically innovative nation in the world.
... snip ...
and, The Price of Inequality: How Today's Divided Society Endangers Our
Future (Joseph E. Stiglitz)
https://www.amazon.com/Price-Inequality-Divided-Society-Endangers-ebook/dp/B007MKCQ30/
pg35/loc1169-73:
In business school we teach students how to recognize, and create,
barriers to competition -- including barriers to entry -- that help
ensure that profits won't be eroded. Indeed, as we shall shortly see,
some of the most important innovations in business in the last three
decades have centered not on making the economy more efficient but on
how better to ensure monopoly power or how better to circumvent
government regulations intended to align social returns and private
rewards
... snip ...
We the Corporations: How American Businesses Won Their Civil Rights
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
goes into some detail about how in the birth of the country, corporations were originally intended to operate in public interest and in return given special privileges. Since then special interests have constantly worked on extending individual constitutional rights to corporations (companies as "people") ... operating in self-interest rather than the public interest.
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
recent "We the Corporations" posts:
https://www.garlic.com/~lynn/2018c.html#52 We the Corporations: How American Businesses Won Their Civil Rights
https://www.garlic.com/~lynn/2018c.html#54 We the Corporations: How American Businesses Won Their Civil Rights
https://www.garlic.com/~lynn/2018c.html#94 Barb
https://www.garlic.com/~lynn/2018d.html#46 Mission Command Is Swarm Intelligence
https://www.garlic.com/~lynn/2018d.html#58 We must stop bad bosses using migrant labour to drive down wages
https://www.garlic.com/~lynn/2018d.html#95 More Immigration
https://www.garlic.com/~lynn/2018e.html#16 America Celebrates Lateral Move From Monarchy To Corporate Rule
https://www.garlic.com/~lynn/2018e.html#36 OT: Trump
https://www.garlic.com/~lynn/2018e.html#72 Top CEOs' compensation increased 17.6 percent in 2017
https://www.garlic.com/~lynn/2018e.html#107 The LLC Loophole; In New York, where an LLC is legally a person
https://www.garlic.com/~lynn/2018e.html#113 The Supreme Court Is Headed Back to the 19th Century
https://www.garlic.com/~lynn/2018f.html#8 The LLC Loophole; In New York, where an LLC is legally a person, companies can use the vehicles to blast through campaign finance limits
https://www.garlic.com/~lynn/2018f.html#9 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#22 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Wed, 05 Dec 2018 09:55:07 -0800Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
high pressure spread across the spectrum ... low pressure would be benefit to Lick Observatory ... so much of San Jose was "orange" in the 80s.
Lick Observatory
https://www.ucolick.org/main/visit/info.html
wiki sodium vapor lamps
https://en.wikipedia.org/wiki/Sodium_vapor_lamp
from above:
Light pollution considerations
For placements where light pollution is of prime importance (for example
an observatory parking lot), low pressure sodium is preferred. Sodium
emits light on only one wavelength, and therefore is the easiest to
filter out.
... snip ...
I had gotten sucked into Berkeley "10 meter" ... that would go up on top of mountain in Hawaii ... and they were working on switch from film to digital (CCD) and wanted to do remote observing from the mainland (getting real-time images) ... and they were running tests at Lick.
misc. old email mentioning some visits to lick observatory
https://www.garlic.com/~lynn/2004h.html#email830822
https://www.garlic.com/~lynn/2004h.html#email830830
HSDT posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
other past posts mentioning "Berkeley 10meter" (now Keck Observatory,
based on being paid for by grant from Keck Foundation)
https://www.garlic.com/~lynn/2004h.html#8 CCD technology
https://www.garlic.com/~lynn/2005l.html#9 Jack Kilby dead
https://www.garlic.com/~lynn/2008f.html#80 A Super-Efficient Light Bulb
https://www.garlic.com/~lynn/2009m.html#82 ATMs by the Numbers
https://www.garlic.com/~lynn/2009m.html#85 ATMs by the Numbers
https://www.garlic.com/~lynn/2009o.html#55 TV Big Bang 10/12/09
https://www.garlic.com/~lynn/2010i.html#24 Program Work Method Question
https://www.garlic.com/~lynn/2011b.html#58 Other early NSFNET backbone
https://www.garlic.com/~lynn/2012k.html#10 Slackware
https://www.garlic.com/~lynn/2012k.html#86 OT: Physics question and Star Trek
https://www.garlic.com/~lynn/2012o.html#55 360/20, was 1132 printer history
https://www.garlic.com/~lynn/2014.html#76 Royal Pardon For Turing
https://www.garlic.com/~lynn/2014g.html#50 Revamped PDP-11 in Honolulu or maybe Santa Fe
https://www.garlic.com/~lynn/2014h.html#56 Revamped PDP-11 in Brooklyn
https://www.garlic.com/~lynn/2015.html#19 Spaceshot: 3,200-megapixel camera for powerful cosmos telescope moves forward
https://www.garlic.com/~lynn/2016f.html#71 Under Hawaii's Starriest Skies, a Fight Over Sacred Ground
https://www.garlic.com/~lynn/2017g.html#51 Stopping the Internet of noise
https://www.garlic.com/~lynn/2018c.html#89 Earth's atmosphere just crossed another troubling climate change threshold
https://www.garlic.com/~lynn/2018d.html#76 George Lucas reveals his plan for Star Wars 7 through 9--and it was awful
https://www.garlic.com/~lynn/2018f.html#22 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
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virtualization experience starting Jan1968, online at home since Mar1970
From: lynn@GARLIC.COM (Anne & Lynn Wheeler) Subject: Re: Jean Sammet — Designer of COBOL – A Computer of One's Own – Medium Newsgroups: bit.listserv.ibm-main Date: 5 Dec 2018 21:39:37 -0800john.archie.mckown@GMAIL.COM (John McKown) writes:
sammet was (resident) in the boston programming center, 3rd flr, 545 tech square (as was Nat rochester). When the CP67/cms group was spun off from the science center (on the 4th flr), the moved to 3rd flr and took over the boston programming center (& sammet and rochester moved up to the science center on the 4th flr). As the CP67 group morphed into the vm370 group and outgrew the 3rd flr, the vm370 group moved out to the old SBC (service bureau corporation) bldg at burlington mall.
I would come in on weekends and sometimes bring my kids. sometimes I would set them up to play the (pdp1) spacewar port to 2250m4 (1130+2250) ... but other times they would just run up and down the halls. Sammet was usually the only other person on the flr ... to complain about the noise my kids running up & down the halls.
posts mentioning 545 tech sq
https://www.garlic.com/~lynn/subtopic.html#545tech
cambridge science center wiki
https://en.wikipedia.org/wiki/Cambridge_Scientific_Center
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump is reportedly not worried about a massive US debt crisis as he'll be out of office by then Blog: Facebook Date: 06 Dec 2018Trump is reportedly not worried about a massive US debt crisis as he'll be out of office by then
2002, republican congress lets fiscal responsibility act lapse (spending can't exceed revenue) on its way to eliminating all federal debt (completely different republicans than the ones that passed the act). 2010, CBO report that 2003-2009, congress cuts taxes by $6T and increased spending by $6T for $12T gap compared to fiscal responsibility budget (first time taxes cut to not pay for two wars). Somewhat confluence of multiple interests, at least 1) Federal Reserve and wallstreet wanted huge federal debt, 2) wallstreet and special interests wanted huge tax cut, 3) military-industrial complex wanted huge spending increase. By 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).
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
SECTREAS pressured congress into appropriating TARP funds, supposedly to bail out the TBTF, buying offbook toxic assets ... but only had $700B appropriated. YE2008, just the four largest TBTF were holding $5.2T and TARP was used for other purposes and FEDRES did the real bailout, buying trillions in toxic assets at 98cents on the dollar and providing tens of trillions in ZIRP funds. FEDRES fought long legal battle to block disclosing what it was doing. When FEDRES lost, FED chairman held a press conference and said that he expected TBTF to use ZIRP to help mainstreet, but when they didn't he had no way to force them ... but that didn't stop ZIRP funds (buying trillions in treasuries and clearing hundreds of billions, w/o enormous federal debt, it doesn't work). Note that FED Chairman had been selected in part because he was depression era scholar, but FED had tried something similar then with the same results, so there should have been no expectation of something different this time.
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
Fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
note that VP (and former director of CIA) repeatedly claiming no
knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
last decade, another family member presides over the economic mess, 70 times larger than the S&L crisis (which had 1000 criminal convictions with jailtime), proportionally there should have been 70,000 criminal convictions (with jailtimes), so far nobody has even been charged.
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Oct2008 congressional hearings was that rating agencies were selling triple-A ratings (for securitized mortgages), even when they knew they weren't worth triple-A largely enabling being able to sell over $27T in triple-A (toxic) CDOs (securitized loans/mortgages) into the bond market, including to funds restricted to only dealing in safe investment, including large pension funds (claims lost 1/3rd of value).
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
The triple-A ratings enabled doing no-documentation, liar loans and no longer having to care about borrowers' qualifications and/or loan quality (being able to immediately sell-off into the bond market). Then they realize that they can design securitized mortgages to fail, buy triple-A rating, take-out CDS gambling bets and selloff into the bond market, creating enormous demand for dodgy mortgages (now they cared about borrowers' qualifications, but not in the traditional way). The largest holder of the CDS gambling bets was AIG and negotiating to pay off at 50cents on the dollar. Then the SECTREAS steps in and has AIG sign a document that they can't sue those making CDS gambling bets and to take TARP funds to payoff 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.
#1 on Time's list responsible for the economic mess, CEO of national
non-bank mortgage originator
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
#2 on Time's list was responsible for GLBA and repeal of
Glass-Steagall, but is on the list because of legislation preventing
regulation of CDS gambling bets.
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
original described as gift to ENRON. Chair of CFTC proposes regulating
CDS gambling bets ... and is quickly replaced with #2's wife, while he
gets legislation preventing regulating CDS gambling bets, his wife
then resigns and is appointed to ENRON's board and audit committee.
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: How Wall Street Drove Public Pensions Into Crisis and Pocketed Billions in Fees Blog: Facebook Date: 07 Dec 2018re:
"I Thought This Deal Was Absurd, But Pensions Are Piling In..."
https://www.zerohedge.com/news/2018-12-07/i-thought-deal-was-absurd-pensions-are-piling
The pension crisis is bigger than the world's 20 largest economies
https://www.sovereignman.com/trends/this-financial-crisis-is-bigger-than-the-worlds-20-largest-economies-24103/
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: CP67 & EMAIL history Blog: Facebook Date: 08 Oct 2018three people from the science center came out to the university the last week of Jan1968 to install CP67/CMS ("release 1") ... was 3rd installation after science center & lincoln labs. At that time CP67 source was still on OS/360, assembled, generate "TXT" punched cards (for each module) and ordered in card tray. The card tray of cards would be IPL'ed (boot) using BPS loader that generated kernel image in memory, which was then written to disk (then IPL CP67 kernel from disk).
science center posts
https://www.garlic.com/~lynn/subtopic.html#545tech
Release 2, source had been moved to CMS and source changes were done in CMS "update" format, update applied to original source module to generate temporary file which was assembled, generating "TXT" file for each file. Original CMS update format was dependent on serial numbers in cols 73-80 in the file being updated ... and also required user to type serial numbers in each card in the "update" deck to source module. I was rewriting so much of CP67 (and update files), that I wrote a preprocessor to UPDATE ... that would look for trailing "$" on INSERT and REPLACE control cards followed by how sequence numbers should be generated for the following cards, it would generate a temporary "update" file that was then fed to the CMS UPDATE command (with sequence numbers automatically added to inserted cards).
They then started punching the BPS loader followed by each module assembled "TXT" file image from CMS to virtual punch that was transferred to virtual reader (rather than real cards punched) ... then IPL'ed the virtual card tray of cards ... which was then wrote the CP67 kernel memory image to disk.
CMS had a DISK DUMP/LOAD program that "punched" a raw CMS file data ... each card had four(?) character header and eight character trailer (sequence number) ... with 68 bytes of data from raw file format inbetween ... last card had the CMS file system control FST (this is similar to CMS TAPE DUMP/LOAD program, which wrote 800bytes of raw CMS file image to tape records followed by file system control FST). This allowed card image of any kind of file (even purely memory image MODULE files) to be moved between systems (in the same way TAPE DUMP/LOAD files could be moved between systems).
CMS "email" processors started out (virtual) "punching" card image of the text, which was transferred to the (virtual) card reader of another user. CP67/CMS networking started out extending this to transferring the punch image to the RSCS/VNET user with destination system & user header information (RSCS/VNET at the destination site would then route punched output to the reader of the destination user).
Science center had distributed development project with Endicott (over vnet/rscs links) that generated source updates for CP67 to provide 370 virtual machines (in addition to 360 & 360/67 virtual machines). Part of this was EXEC process that implemented multi-level source update ... apply a sequence of source updates in specific order (iteratively executing CMS UPDATE). Standard was base product release CP67 source, the "L" level updates (I guess for Lynn, I was at the science center by that time, for the production CP67 that ran on real 360/67), the "H" level updates (that added support for virtual 370 machines, which would run in 360/67 virtual machine), and the "I" level updates (that modified CP67 to run on 370 architecture, rather than 360/67 architecture). CP67I was running in virtual 370 under CP67H running in virtual 360/67 under CP67L running on real 360/67, a year before any real engineering 370s were available. The additional CP67H layer in virtual machine was the cambridge system also used by non-IBM employees (staff, professors, students) from various cambridge area universities (BU, MIT, etc) ... and they didn't want unannounced 370 information accidentally leaking.
In the early-mid 70s there were lots of people creating email programs/exec ... especially with the rise of the internal network (VNET/RSCS, larger than arpanet/internet from just about the beginning until sometime mid-80s). The unknown & most used was VMSG ... a very early version was picked up by the PROFS group and used for their email client. When the VMSG author tried to offer them a much improved version, the PROFS group tried to get him fired (because they had taken credit for everything in PROFS). Things quieted down after he showed that his initials were in every PROFS email in non-displayed field.
Trivia: VNET/RSCS was also used for the corporate sponsored university BITNET (EARN in europe), also larger than arpanet/internet for some time.
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
BITNET/EARN posts
https://www.garlic.com/~lynn/subnetwork.html#bitnet
I took semester 2hr intro to computing (fortran) spring. University had 709/IBSYS running tape->tape with 1401 front-end handling tape<->unit record. That summer they get 360/30 running OS/360 replacing 1401 (part of transition from 709/1401 to 360/67), but spent a lot of time running MPIO (tape<->unit record) in 1401 hardware/microcode emulation mode and I get hired to re-implement MPIO in 360 assembler, I get to design and implement my own monitor, device drivers, interrupt handlers, error recovery, storage management, task manager, etc (never took assembler, operating system, any other computer class, only had 2h intro to fortran). Univ. shutsdown datacenter from 8am sat until 8am monday ... and I have the whole place dedicated to myself for 48hrs straight. Eventually i have box of (2000) cards (assembler statements). I have assembler option to either generate stand-alone version (card deck IPL with BPS loader) or running under OS/360 with system services macros. Stand-alone version takes about 30mins to assemble, OS/360 version took a little over hr to assemble, each DCB macro taking 5+mins. A little later, I'm hired fulltime to be responsible for university production systems, still get dedicated datacenter all to myself on weekends, but a Monday morning class can be a little hard after 48hrs w/o sleep.
posts mentioning CP67 "L", "H", and "I" systems
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/2005d.html#66 Virtual Machine Hardware
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
https://www.garlic.com/~lynn/2017.html#87 The ICL 2900
https://www.garlic.com/~lynn/2017e.html#19 MVT doesn't boot in 16mbytes
https://www.garlic.com/~lynn/2018.html#18 IBM Profs
https://www.garlic.com/~lynn/2018e.html#45 DEC introduces PDP-6 [was Re: IBM introduces System/360]
https://www.garlic.com/~lynn/2018e.html#49 DEC introduces PDP-6 [was Re: IBM introduces System/360]
https://www.garlic.com/~lynn/2018e.html#86 History of Virtualization
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Bushes: Fathers and Sons Blog: Facebook Date: 09 Dec 2018re:
Bush 41: The Triumph of Manners Over Truth
https://whowhatwhy.org/2018/12/07/bush-41-the-triumph-of-manners-over-truth/
Elite secret society tied Bush to circles of power
https://www.salon.com/2018/12/09/elite-secret-society-tied-bush-to-circles-of-power_partner/
GHW Bush & JFK Hit
https://whowhatwhy.org/2013/09/16/part-1-mr-george-bush-of-the-central-intelligence-agency/
Gerstner then leaves IBM to head up another major private-equity
company, that was buying up beltway bandits (including company that
will employ Snowden) and gov. contractors ... hiring prominent
politicians to lobby congress to outsource business to their
companies. Companies in the PE-mills are under intense pressure to cut
corners to push profit up to their owners.
http://www.motherjones.com/politics/2007/10/barbarians-capitol-private-equity-public-enemy/
Lou Gerstner, former ceo of ibm, now heads the Carlyle Group, a
Washington-based global private equity firm whose 2006 revenues of $87
billion were just a few billion below ibm's. Carlyle has boasted
George H.W. Bush, George W. Bush, and former Secretary of State James
Baker III on its employee roster.
... snip ...
enormous uptic in outsourcing last decade, intelligence: 70% of budget
and over half the people:
http://www.investingdaily.com/17693/spies-like-us and the rapidly
rapidly spreading success of failure culture, companies in
PE-mills get a lot more money (to push up to their owners) from a
series of failures
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
One of the opportunities is agencies are prohibited from lobbying congress and companies can't use gov. contract money in lobbying congress ... but apparently PE owners have no such restriction
private equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
>Gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
success of failure posts
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Douglas Engelbart, the forgotten hero of modern computing Newsgroups: alt.folklore.computers Date: Sun, 09 Dec 2018 14:35:55 -0800Douglas Engelbart, the forgotten hero of modern computing
In the late 70s and 80s, I would visit TYMSHARE a lot (by that time, Engelbart and NLS/Augment was at TYMSHARE) and also see some of their people at the monthly BAYBUNCH meetings held at SLAC. When M/D was buying TYMSHARE, I was brought in to evaluate GNOSIS (370 operating system they had written tailored to service bureau operations) as part of its spinoff for KeyKOS. I was also asked to find people in IBM that might be interested in hiring Engelbart and would interview him.
Did Engelbart's "Mother of All Demos" Launch the Connected World?
http://www.computerhistory.org/atchm/net-50-did-engelbart-s-mother-of-all-demos-launch-the-connected-world/
THE ENGELBART SYMPOSIUM
https://thedemoat50.org/symposium/
NLS (computer system)
https://en.wikipedia.org/wiki/NLS_(computer_system)
Tymshare
https://en.wikipedia.org/wiki/Tymshare
GNOSIS
https://en.wikipedia.org/wiki/GNOSIS
KeyKOS
https://en.wikipedia.org/wiki/KeyKOS
other trivia, TYMSHARE started offering their CMS-based online
computer conferencing system free to (IBM user group) SHARE in
Aug1976, archives
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
recent postgs mentioning TYMSHARE:
https://www.garlic.com/~lynn/2018.html#9 Who Plotted This Map for Adventure Game
https://www.garlic.com/~lynn/2018.html#24 1963 Timesharing: A Solution to Computer Bottlenecks
https://www.garlic.com/~lynn/2018.html#46 VSE timeline [was: RE: VSAM usage for ancient disk models]
https://www.garlic.com/~lynn/2018.html#86 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018b.html#105 CIA Caught Between Operational Security and Analytical Quality In 1953 Iran Coup Planning
https://www.garlic.com/~lynn/2018c.html#43 S/360 announce 4/7/1964, 54yrs
https://www.garlic.com/~lynn/2018c.html#62 The IRS Really Needs Some New Computers
https://www.garlic.com/~lynn/2018c.html#78 z/VM Live Guest Relocation
https://www.garlic.com/~lynn/2018c.html#85 z/VM Live Guest Relocation
https://www.garlic.com/~lynn/2018d.html#0 The Road Not Taken: Edward Lansdale and the American Tragedy in Vietnam
https://www.garlic.com/~lynn/2018d.html#3 Has Microsoft commuted suicide
https://www.garlic.com/~lynn/2018d.html#33 Online History
https://www.garlic.com/~lynn/2018d.html#86 3380 failures
https://www.garlic.com/~lynn/2018e.html#15 Frank Heart Dies at 89
https://www.garlic.com/~lynn/2018e.html#45 DEC introduces PDP-6 [was Re: IBM introduces System/360]
https://www.garlic.com/~lynn/2018e.html#51 usenet history, was 1958 Crisis in education
https://www.garlic.com/~lynn/2018e.html#53 Updated Green Card
https://www.garlic.com/~lynn/2018e.html#95 The (broken) economics of OSS
https://www.garlic.com/~lynn/2018e.html#100 The (broken) economics of OSS
https://www.garlic.com/~lynn/2018f.html#16 IBM Z and cloud
https://www.garlic.com/~lynn/2018f.html#24 LikeWar: The Weaponization of Social Media
https://www.garlic.com/~lynn/2018f.html#53 online computer conferencing, was: System level coding examples
https://www.garlic.com/~lynn/2018f.html#54 PROFS, email, 3270
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: A Short History Of Corporations Blog: Facebook Date: 09 Dec 2018A Short History Of Corporations
David Korten, When Corporations Rule the World, Earthscan, London 1995; Jeffrey Kaplan, The Short History of Corporations, Terrain, 1999; Daniel Bennet, Who's In Charge?, POCLAD, London.
We the Corporations: How American Businesses Won Their Civil Rights
https://www.amazon.com/We-Corporations-American-Businesses-Rights-ebook/dp/B01M64LRDJ/
Originally, US corporations were entities that operate in public interest, but then certain factions wanted those rights extended to entities that can operate in self interest as well "people" rights under constitution.
pgxiv/loc74-78:
Between 1868, when the amendment was ratified, and 1912, when a
scholar set out to identify every Fourteenth Amendment case heard by
the Supreme Court, the justices decided 28 cases dealing with the
rights of African Americans--and an astonishing 312 cases dealing with
the rights of corporations.
pgxviii/loc132-36:
For most of American history, the Supreme Court failed to protect the
dispossessed and the marginalized, with the justices claiming to be
powerless in the face of hostile public sentiment. As we will see,
however, the court's record on corporate rights was much different. In
1809, the Supreme Court decided the first case on the constitutional
rights of corporations, decades before the first comparable cases for
women or racial minorities. And unlike women and minorities, who lost
nearly all of their early cases, corporations won that first case--and
have compiled an impressive list of victories in the years since.
pg36/loc726-28:
On this issue, Hamiltonians were corporationalists--proponents of
corporate enterprise who advocated for expansive constitutional rights
for business. Jeffersonians, meanwhile, were populists--opponents of
corporate power who sought to limit corporate rights in the name of
the people.
pg120|loc1975-78:
The railroad corporations were constitutional first movers who
employed innovative tactics to secure new rights. They envisioned the
lawsuits as a form of strategic litigation, or what their lawyers
called "test cases," to determine whether corporations had the same
rights as ordinary people to equal protection and due process under
the Fourteenth Amendment.
pg229/loc3667-68:
IN THE TWENTIETH CENTURY, CORPORATIONS WON LIBERTY RIGHTS, SUCH AS
FREEDOM OF SPEECH AND RELIGION, WITH THE HELP OF ORGANIZATIONS LIKE
THE CHAMBER OF COMMERCE.
... snip ...
Thomas Jefferson: The Art of Power
https://www.amazon.com/Thomas-Jefferson-Power-Jon-Meacham-ebook/dp/B0089EHKE8/
loc5080-83:
Hamilton wanted the bank to be funded by federal deposits but run, in
part, for the benefit of private investors. Jefferson and Madison
objected. 29 They feared that the Hamiltonian program would enable
financial speculators to benefit from commercial transactions made
possible by government funds.
... snip ...
and more "We the Corporations", pgxi/loc45-50:
IN DECEMBER 1882, ROSCOE CONKLING, A FORMER SENATOR and close
confidant of President Chester Arthur, appeared before the justices of
the Supreme Court of the United States to argue that corporations like
his client, the Southern Pacific Railroad Company, were entitled to
equal rights under the Fourteenth Amendment. Although that provision
of the Constitution said that no state shall "deprive any person of
life, liberty, or property, without due process of law" or "deny to
any person within its jurisdiction the equal protection of the laws,"
Conkling insisted the amendment's drafters intended to cover business
corporations too. pgxiv/loc74-78: Between 1868, when the amendment
was ratified, and 1912, when a scholar set out to identify every
Fourteenth Amendment case heard by the Supreme Court, the justices
decided 28 cases dealing with the rights of African Americans--and an
astonishing 312 cases dealing with the rights of corporations.
... snip ...
.... Conkling in his arguments claimed that the authors of 14th amendment had intended to include "corporations" in addition to "persons", but failed to include the wording in the final text. Later somebody reviewed all the notes by the authors and found no such reference to corporations (Conkling had fabricated his argument before the Supreme Court). By the time Conkling supreme court arguments were shown to be fabricated, there was significant decisions (based on his fabrications).
We the Corporations: How American Businesses Won Their Civil Rights
https://www.nytimes.com/2018/02/23/business/dealbook/review-we-the-corporations.html
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
recent "Corporations are people" posts
https://www.garlic.com/~lynn/2018c.html#52 We the Corporations: How American Businesses Won Their Civil Rights
https://www.garlic.com/~lynn/2018c.html#54 We the Corporations: How American Businesses Won Their Civil Rights
https://www.garlic.com/~lynn/2018c.html#94 Barb
https://www.garlic.com/~lynn/2018d.html#46 Mission Command Is Swarm Intelligence
https://www.garlic.com/~lynn/2018d.html#58 We must stop bad bosses using migrant labour to drive down wages
https://www.garlic.com/~lynn/2018d.html#95 More Immigration
https://www.garlic.com/~lynn/2018e.html#16 America Celebrates Lateral Move From Monarchy To Corporate Rule
https://www.garlic.com/~lynn/2018e.html#36 OT: Trump
https://www.garlic.com/~lynn/2018e.html#72 Top CEOs' compensation increased 17.6 percent in 2017
https://www.garlic.com/~lynn/2018e.html#107 The LLC Loophole; In New York, where an LLC is legally a person
https://www.garlic.com/~lynn/2018e.html#113 The Supreme Court Is Headed Back to the 19th Century
https://www.garlic.com/~lynn/2018f.html#8 The LLC Loophole; In New York, where an LLC is legally a person, companies can use the vehicles to blast through campaign finance limits
https://www.garlic.com/~lynn/2018f.html#9 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#22 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#70 Is LINUX the inheritor of the Earth?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sun, 09 Dec 2018 19:07:01 -0800Peter Flass <peter_flass@yahoo.com> writes:
747#3 was flying skies of seattle getting FAA flt certification and down
the street was working on SST
https://en.wikipedia.org/wiki/Boeing_2707
refining the design
https://en.wikipedia.org/wiki/Boeing_2707#Refining_the_design
October 1968, the company was finally forced to abandon the variable
geometry wing.[16][17] The Boeing team fell back on a tailed delta fixed
wing. The new design was also smaller, seating 234, and known as the
Model 2707-300. Work began on a full-sized mock-up and two prototypes in
September 1969, now two years behind schedule.
... snip ...
Early 80s, was introduced to John Boyd (and would sponsor his briefings
at IBM)
https://en.wikipedia.org/wiki/John_Boyd_(military_strategist)
one of his (many) stories was redoing the original F15 design,
which started out like F111 with variable-sweep wings
https://en.wikipedia.org/wiki/General_Dynamics_F-111_Aardvark
he showed that the weight of the pivot more than offset any variable-sweep wing design benefit (contributing to nearly cutting F15 weight in half) ... which is somewhat similar to what Boeing found with 2707.
recent posts mentioning working at Boeing
https://www.garlic.com/~lynn/2018f.html#16 IBM Z and cloud
https://www.garlic.com/~lynn/2018f.html#34 The rise and fall of IBM
https://www.garlic.com/~lynn/2018f.html#51 All programmers that developed in machine code and Assembly in the 1940s, 1950s and 1960s died?
other Boyd references:
John Boyd - USAF, The Fighter Pilot Who Changed the Art of Air Warfare
http://www.aviation-history.com/airmen/boyd.htm
John Boyd's Art of War; Why our greatest military theorist
only made colonel.
http://www.theamericanconservative.com/articles/john-boyds-art-of-war/
Genghis John - Chuck Spinney's Bio of John Boyd
http://radio-weblogs.com/0107127/stories/2002/12/23/genghisJohnChuckSpinneysBioOfJohnBoyd.html
Boyd posts and URLs
https://www.garlic.com/~lynn/subboyd.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sun, 09 Dec 2018 21:58:03 -0800re:
Boyd responsible for redoing F15, and then for YF16 & YF17 (when he ran lightweight fighter design at Pentagon) ... which becomes F16 & F18, and much more
Earlier he had come up with E/M theory ... which was used first for
training fighter pilots (when he was instructor at USAF weapons school,
he was considered possibly best fighter pilot in the world) and then
used for designing fighter planes ... not just F16
https://en.wikipedia.org/wiki/Energy-maneuverability_theory
Boyd, a U.S. jet fighter pilot in the Korean War, began developing the
theory in the early 1960s. He teamed with mathematician Thomas Christie
at Eglin Air Force Base to use the base's high-speed computer to compare
the performance envelopes of U.S. and Soviet aircraft from the Korean
and Vietnam Wars. They completed a two-volume report on their studies in
1964. Energy Maneuverability came to be accepted within the U.S. Air
Force and brought about improvements in the requirements for the F-15
Eagle and later the F-16 Fighting Falcon fighters.[2]
... snip ...
F15
https://en.wikipedia.org/wiki/McDonnell_Douglas_F-15_Eagle
F16
https://en.wikipedia.org/wiki/General_Dynamics_F-16_Fighting_Falcon
The General Dynamics F-16 Fighting Falcon is a single-engine supersonic
multirole fighter aircraft originally developed by General Dynamics (now
Lockheed Martin) for the United States Air Force (USAF). Designed as an
air superiority day fighter, it evolved into a successful all-weather
multirole aircraft. Over 4,500 aircraft have been built since production
was approved in 1976.[4]
... was also 1st unstable & fly-by-wire fighter
http://www.f-16.net/articles_article13.html
https://en.wikipedia.org/wiki/Relaxed_stability
A10
https://en.wikipedia.org/wiki/Fairchild_Republic_A-10_Thunderbolt_II
https://www.pogo.org/analysis/2017/12/podcast-pierre-sprey-and-birth-of-10/
AN/APG-68 for F-16
https://en.wikipedia.org/wiki/AN/APG-68
AN/APG-83 AESA upgrade
https://en.wikipedia.org/wiki/AN/APG-83
1990, Commandant of the Marine Corp, leverages Boyd for make-over of the
corp ... and there is a Boyd tribute/display in lobby of Marine Corp
Univ. library and Gray Research Center (with lots of Marines) ... and we
have still have had Boyd Military Stategy meetings at Marine Corp
University. Recent work
https://www.usmcu.edu/Portals/218/ANewConceptionOfWar.pdf?ver=2018-11-08-094859-167
picture taken this week last year, only USAF in marine shrine, quantico, lobby gray research center
https://www.garlic.com/~lynn/boyd3.jpg
Another of Boyd associates, graduate of 1st USAF Academy class and on
fast track to General when he says that Boyd destroyed his career
by challenging him to do what was right.
https://www.amazon.com/Pentagon-Wars-Reformers-Challenge-Guard-ebook/dp/B00HXY969W/
HBO dramatized it
https://en.wikipedia.org/wiki/The_Pentagon_Wars
40 Years of the 'Fighter Mafia', An informal group begun by Col. John
Boyd and mathematician Tom Christie calls for military reform--by doing
more with less.
https://www.theamericanconservative.com/articles/40-years-of-the-fighter-mafia/
To understand the group is to go back to its origins. Founding member
John Boyd, military strategist and "guru," is best known for developing
the OODA (observe, orient, decide, act) Loop concept, which when applied
correctly gives a pilot advantage over an adversary in combat
operations. Boyd passed away from cancer in 1997, but he was ever
present in spirit at Wednesday night's event.
... snip ...
https://en.wikipedia.org/wiki/OODA_loop
Chuck Spinney's tribute after his passing, by then, USAF had pretty much
disowned him and it was Marines at Arlington and all his effects go to
the Gray research center in quantico
http://radio-weblogs.com/0107127/stories/2002/12/23/genghisJohnChuckSpinneysBioOfJohnBoyd.html
The YF-16, which won, is still the most maneuverable fighter ever
designed. The production successors, the not-so-lightweight F-16 (Air
Force) and the F/A-18 (the Navy-Marine Corps aircraft that evolved from
the YF-17), together with the F-15, dominate the skies today. Naturally,
Boyd believed they could have been much better war machines if the
bureaucrats had not corrupted their thoroughbred design with so many
bells and whistles. Nevertheless, more than any other single person, the
Mad Major is responsible for our nation's unsurpassed air superiority,
which began in the mid-1970s and continues to this day.
... snip ...
USAF does dedicate Boyd Hall at USAF Weapons School, renovation 2013
https://www.nellis.af.mil/News/Article/284229/boyd-hall-display-receives-renovation/
Boyd posts and URLs
https://www.garlic.com/~lynn/subboyd.html
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Mon, 10 Dec 2018 10:53:21 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
from "40 years of the fighter mafia"
"I don't know anywhere else to go to find a group more dedicated to
making things better," says Charles "Chuck" Myers, who flew B-25
missions against Japanese shipping in World War II and later became a
fabled test pilot--setting a new World Speed Record of 1544 mph with the
F-106 in 1959--and eventually the Pentagon's director for air
warfare. In that role, he was able--with the help of "the group"--to
push successfully for the lightweight fighter program that incorporated
the F-15, F-16, and later F-18 planes into the fleet during the 1960s
and 1970s.
...
"John Boyd came in as a maverick," Sprey recalled. Initially, Boyd was
brought to the Pentagon in the 1960s by a general who disliked Sprey's
ideas on close air support and was pulling together a group of eggheads
to "disgrace" him. When the general left Boyd alone in the room with
Sprey they "became fast friends, co-conspirators." The rest is history.
...
By the time the group held its first Washington meeting in 1973, Sprey,
Boyd, Christie, and test pilot Col. Everest Riccioni had designed the
concept that was directly implemented as the F-15 and F-16 fighter
programs--which have served as the core of American air power for the
past 40 years.
... snip ...
has picture of Pierre Sprey, Tom Christie, and Chuck Myers at 2013 "Boyd" weds night get together (still going strong, Boyd passed in 1997); ... Sprey CAS "A10" thunderbolt/warthog and Christie worked with Boyd on E/M theory.
picture of me at the weds night get together a year ago.
https://www.garlic.com/~lynn/boyd4.jpg
oh and the F18
https://en.wikipedia.org/wiki/McDonnell_Douglas_F/A-18_Hornet
and later Growler
https://en.wikipedia.org/wiki/Boeing_EA-18G_Growler
Boyd is also credited with the "left hook" land war battle plan for Desert Storm ... Desert Storm was 42day, only last 100hrs was land war. GAO Air Effectiveness study has A10 taking out Iraqi tanks so easily that the Iraqi crews were walking away from the tanks as sitting ducks ... A10 sort of had turkey shoot ... firing total of million 30mm shells during Desert Storm. Land war description of fierce tank battles with coalition forces taking no damage, don't mention if the Iraqi tanks had anyboyd home. Burton's "Pentagon Wars" has him getting the cost of 30mm shells down from >$80 to $13 (million shells, $13m).
There have been lots of explanations why the Abram's M1 didn't get into the "left hook" position to cut-off the Republican Guard retreat ... another is Boyd possibly took the M1 specs at face value and didn't take into account how tightly tethered M1s are tied to their supply and maintenance
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Mon, 10 Dec 2018 15:36:07 -0800maus <mausg@mail.com> writes:
not just A10 Desert Storm, but also this century (overview from 2017):
Depleted Uranium and Radioactive Contamination in Iraq: An Overview
https://www.globalresearch.ca/depleted-uranium-and-radioactive-contamination-in-iraq-an-overview/5605215
not just Marines, the army was also in fallujah 2004-2005 but foot
patrol
https://www.amazon.com/Ghosts-Fallujah-Coley-D-Tyler-ebook/dp/B07J2DWWWD/
and then went back Baqubah 2007-2008, described as much worse than
fallujah, but administration claimed surge was better, so didn't get
coverage.
https://www.amazon.com/Battle-Baqubah-1SG-Robert-Colella/dp/1469791064/
other trivia:
CIA director Colby refuses to approve "Team B" analysis greatly
exaggerating Russian military capability, justifying huge US military
spending increase.
https://en.wikipedia.org/wiki/Team_B
White House Chief of Staff Rumsfeld gets Colby replaced with somebody
(Bush1) that will agree with "Team B" analysis. Rumsfeld then resigns to
become SECDEF (and is replaced by his assistant Cheney).
In the 80s, US supports Iraq in the Iran/iraq war
http://en.wikipedia.org/wiki/Iran-Iraq_War
Bush1 is VP, two Bechtel SVPs are SECTREAS and SECDEF, and Rumsfeld is
involved in supporting Iraq, including supplying WMDs
http://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
In the early 90s, Bush1 is president, Cheney is SECDEF and previous
SECTREAS is SECSTATE. Sat. photo recon analyst told white house that
Saddam was marshaling forces to invade Kuwait. White house said that
Saddam would do no such thing and proceeded to discredit the
analyst. Later the analyst informed the white house that Saddam was
marshaling forces to invade Saudi Arabia, now the white house has to
choose between Saddam and the Saudis.
https://www.amazon.com/Long-Strange-Journey-Intelligence-ebook/dp/B004NNV5H2/
Records appear showing Bush ran Iran/Contra and he pardons everybody but
public scapegoat Ollie.
https://www.amazon.com/Profiteers-Bechtel-Men-Built-World-ebook/dp/B010MHAHV2/
This century, Bush2 is president, Cheney is VP, Rumsfeld is SECDEF and
one of the "Team B" members is deputy SECDEF (and major architect of
Iraq policy).
https://en.wikipedia.org/wiki/Paul_Wolfowitz
Before the invasion, the cousin of white house chief of staff Card
... was dealing with the Iraqis at the UN and was given evidence that
WMDs (tracing back to US in the Iran/Iraq war) had been
decommissioned. the cousin shared it with Card, Powell and others
... then is locked up in military hospital, book was published in 2010
(4yrs before decommissioned WMDs were declassified)
https://www.amazon.com/EXTREME-PREJUDICE-Terrifying-Story-Patriot-ebook/dp/B004HYHBK2/
NY Times series from 2014, the decommission WMDs (tracing back to US
from Iran/Iraq war), had been found early in the invasion, but the
information was classified for a decade (not just other health effects,
but decommissioned WMDs poisoning our own people)
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). From the law of unintended consequences, the invaders
were told to bypass ammo dumps looking for WMDs, when they got around to
going back, over a million metric tons had evaporated (later large
artillery shells from the ammo dumps start showing up in IEDs)
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
also this century, enormous stockpiles of 50caliber ammo, some dating back to WW2 were used in the Iraq invasion. I was effectively told that invaders were told to (constantly?) use suppressing fire ... at slightest provocation (... until ammunition was exhausted).
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
WMD posts
https://www.garlic.com/~lynn/submisc.html#wmds
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Mon, 10 Dec 2018 16:04:14 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
a little more computer related, plane design, & radar digital signal processing, I somewhat got sucked into the A10/F35 argument ... and went looking for current state of (F35) stealth.
F35 original design point was bomb truck with (air superiority) F22
flying cover ... and F35 stealth optimized at the front and below
(i.e. its ground radar targets) ... much less so all other
directions. Stealth comparison analysis of F35 with other planes
http://www.ausairpower.net/jsf.html
has analysis of F35 radar signature at different radar frequencies
involving different angles and portions of the frame (lots to say about
how cost reduced and compromised stealth compared to original design)
http://www.ausairpower.net/APA-2009-01.html
F22 had lots of reliability problems and its stealth coating was claimed
to have lots of moisture/weather vulnerability (couldn't take F22 out in
the rain). old reference "This is F-22: Can't Fly Won't Die"
http://nypost.com/2009/07/17/cant-fly-wont-die/
Tyndall (F22 airbase) website (before hurricane) talked about how the F22 stealth coating maintenance bays were constantly backlogged.
There have been articles that more recent stealth coating used by F35 is much more resistance to weather and moisture ... however in references there are concerns about retrofitting to F22 because of air friction vulnerable from the much higher F22 speed.
Recent scenarios for F35 (w/o F22) is for standoff packs of F35s taking out targets with barrage of missiles (but if started from scratch, such a design would likely use drones instead of human pilots)
This is 2011 tutorial on radar (including military) but says it needs
3Tflops for really advanced (real-time), which was beyond 2011
processing, 2011 tutorial on DSP, FFT, Radar (part 3)
https://www.eetimes.com/document.asp?doc_id=1278838
STAP (part 4)
https://www.eetimes.com/document.asp?doc_id=1278878
SAR (part 5)
https://www.eetimes.com/document.asp?doc_id=1278931
Spring 2015, DOD puts export restrictions on latest advanced processor chips (capable of 3Tflops). Late 2015, at supercomputer conference, China demonstrates that it was making its own chips. Dec2017 article claims self driving cars were using computers doing 300 trillion/sec (100 times 2011 requirement). China started publishing articles that they can track stealth with low frequency radar ... but resolution isn't good enough for targeting.
There was also article that the latest computer technology could reduce
the number of F22/F35 AESA radar transmit/receive pairs by nearly order
of magnitude w/o loss of radar tracking capability.
https://en.wikipedia.org/wiki/Active_electronically_scanned_array
Airborne systems
https://en.wikipedia.org/wiki/Active_electronically_scanned_array#Airborne_systems
F35 articles repeately talk about its reduced radar signature is so small that it is hard to find/recognize scanning the whole horizon. However, multi-band radar with low frequency for tracking, then can focus targeting radar to that region and do real-time targeting with latest digital signal processing.
advances in technology make stealth obsolete (from 2011)
https://www.wired.com/2011/06/stealth-tech-obsolete/
low frequency radar
https://en.wikipedia.org/wiki/Low-frequency_radar
longer discussion ... even US implementations
https://nationalinterest.org/blog/the-buzz/revealed-can-chinas-radars-track-americas-stealth-f-22-15261
and
https://news.usni.org/2014/04/21/stealth-vs-electronic-attack
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Bernie Madoff's Legacy: Whistleblower Inc.; A decade after Madoff's arrest, an industry of bounty-hunting tipsters aims to cash in on the next big fraud Blog: Facebook Date: 11 Dec 2018Bernie Madoff's Legacy: Whistleblower Inc.; A decade after Madoff's arrest, an industry of bounty-hunting tipsters aims to cash in on the next big fraud
Sarbanes-Oxley Act
https://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
Note that similar reporting criticsm raised when whistleblower
provision was added to Sarbanes-Oxley act.
https://en.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act#Sarbanes%E2%80%93Oxley_Section_1107:_Criminal_penalties_for_retaliation_against_whistleblowers
more recent: SEC Receives Extensive Criticism in Comments on Proposed
Changes to Whistleblower Program
https://www.whistleblowersblog.org/2018/09/articles/sec-whistleblowers/secs-receives-extensive-criticism-in-comments-on-proposed-changes-to-whistleblower-program/
The rhetoric behind Sarbanes-Oxley was that it would prevent future ENRONs and guarantee that executives and auditors did jailtime, however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, GAO started doing reports of public company fraudulent financial reporting, even showed it increased after SOX went into effect (and nobody doing jailtime). The joke was that SOX was really a full employment gift to the audit industry, requiring significant increase in audit costs.
In the Madoff congressional hearings, they had the person that had tried unsuccessfully for a decade to get SEC to do something about Madoff (SEC hands were forced when Madoff turned himself in). During the testimony, the person was asked if new regulations was needed, he replied that while new regulations might be needed, much more important was transparency and visibility (possibly because it seemed that SEC was doing little with the existing regulations). He also pointed out that tips/whistleblowers turn up 13 times more fraud than audits and that SEC had a line for corporations to complain about audits, but no tip 1-800 line.
Sarbane-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
whistleblower posts
https://www.garlic.com/~lynn/submisc.html#whistleblower
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
financial.reporting.fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Douglas Engelbart, the forgotten hero of modern computing Newsgroups: alt.folklore.computers Date: Tue, 11 Dec 2018 14:43:24 -0800hancock4 writes:
trivia: saw the transition in resources with uptake of RDBMS in the 80s.
Was involved with the original sql/relational implementation
... System/R, past posts
https://www.garlic.com/~lynn/submain.html#systemr
In the 70s, the IBM IMS group was criticizing System/R for requiring twice the disk space (as IMS, for the relational index) and significant more disk I/Os (for processing index) ... compared to IMS. IMS was criticized for requiring significant more administration skills, time, and effort. In the 80s, things started to flip, disk costs significantly dropped (mitigating RDBMS index disk space) and system real memory sizes significantly increased (allowing caching of RDBMS indexes) ... and overall computer related costs dropping resulted in enormous increase in demand ... where scarcity of humans skills created significant bottleneck/costs for IMS.
at Jim Gray celebration a decade ago ... he is credited with
computerized banking/financial ... formal logging and "ACID"
properties giving auditors confidence in computer records. old
reference
https://www.garlic.com/~lynn/2008p.html#27 Father Of Financial Dataprocessing
I mention that Jim palmed a lot of stuff on me when he left for Tandem
90s, wallstreet spent billions on straight-through processing. Real-time/online transactions was just queuing up work for (legacy) overnight (cobol) batch settlement. Part of the issue was globalization was increasing the workload and decreasing the size of the overnight batch processing window ... moving to "straight-through" supposedly would eliminate those as problems.
They were doing parallel processing implementations, planning on using large numbers of "killer micros" ... but were warned about the standarad parallization libraries being used had hundred times the overhead of cobol batch ... which they ignored. Then things imploded when large pilots went up in flames, any anticipated throughput improvement using large number of killer micros, totally swamped by the parallelization overhead. One of the fallouts & scars from the failure, was conjecture that it would be long time before such a move was tried again
recent posts mentioning straight-through processing and/or overnight
batch window.
https://www.garlic.com/~lynn/2017.html#82 The ICL 2900
https://www.garlic.com/~lynn/2017c.html#58 The ICL 2900
https://www.garlic.com/~lynn/2017c.html#63 The ICL 2900
https://www.garlic.com/~lynn/2017d.html#39 The Pentagon still uses computer software from 1958 to manage its contracts
https://www.garlic.com/~lynn/2017d.html#43 The Pentagon still uses computer software from 1958 to manage its contracts
https://www.garlic.com/~lynn/2017f.html#11 The Mainframe vs. the Server Farm: A Comparison
https://www.garlic.com/~lynn/2017g.html#17 Wall Street
https://www.garlic.com/~lynn/2017h.html#32 OFF TOPIC: University of California, Irvine, revokes 500 admissions
https://www.garlic.com/~lynn/2017j.html#3 Somewhat Interesting Mainframe Article
https://www.garlic.com/~lynn/2017j.html#37 Tech: we didn't mean for it to turn out like this
https://www.garlic.com/~lynn/2017k.html#57 When did the home computer die?
https://www.garlic.com/~lynn/2018c.html#30 Bottlenecks and Capacity planning
https://www.garlic.com/~lynn/2018c.html#33 The Pentagon still uses computer software from 1958 to manage its contracts
https://www.garlic.com/~lynn/2018d.html#43 How IBM Was Left Behind
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Douglas Engelbart, the forgotten hero of modern computing Newsgroups: alt.folklore.computers Date: Tue, 11 Dec 2018 18:45:19 -0800re:
Evelyn Berezin, 93, Dies; Built the First True Word Processor
https://www.nytimes.com/2018/12/10/obituaries/evelyn-berezin-dead.html
Some historians say that American Airlines, using I.B.M computers and a
system called Sabre (Semi-Automated Business Research Environment),
developed the first experimental airline reservation system in 1960. But
Mr. Kirschenbaum, in "Track Changes," wrote, "With Berezin's assistance,
Teleregister implemented the first automated airlines reservations
system in the world (for United Airlines), predating the better-known
Sabre system by at least a year."
... snip ...
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Douglas Engelbart, the forgotten hero of modern computing Newsgroups: alt.folklore.computers Date: Wed, 12 Dec 2018 09:54:27 -0800re:
50 years on, we're living the reality first shown at the "Mother of All
Demos" Douglas Engelbart changed computer history forever on December 9,
1968.
https://arstechnica.com/information-technology/2018/12/50-years-on-were-living-the-reality-first-shown-at-the-mother-of-all-demos/
recent post about another 1968, 50yrs on
https://www.garlic.com/~lynn/2018f.html#75 CP67 & EMAIL History
three people from the science center came out to the university the last week of Jan1968 to install CP67/CMS (release 1) ... and was the 3rd installation after science center and lincoln labs. Previous year, univ. had hired me fulltime to be responsible for mainframe production systems ... and responsibility for CP67/CMS got added to the list.
posts mentioning science center
https://www.garlic.com/~lynn/subtopic.html#545tech
"virtualization" item from today: 10 hot data-center virtualization
startups to watch (more than 50yrs on):
https://www.networkworld.com/article/3326298/data-center/10-hot-data-center-virtualization-startups-to-watch.html
wikis
History of CP/CMS
https://en.wikipedia.org/wiki/History_of_CP/CMS
CP/CMS
https://en.wikipedia.org/wiki/CP/CMS
CMS
https://en.wikipedia.org/wiki/Conversational_Monitor_System
CP-67
https://en.wikipedia.org/wiki/CP-67
precursor was CP40 by the science center done on 360/40 with hardware
modifications to provide virtual memory (CP40 morphs into CP67 when
360/67s become available)
https://en.wikipedia.org/wiki/IBM_CP-40
part of fall68 presentation that I gave at (IBM user group) SHARE on
some of the CP67 changes I had done first half of 1968 (in old 1994
a.f.c. post)
https://www.garlic.com/~lynn/94.html#1
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump administration appointee quits lobbying for Saudi Arabia Blog: Facebook Date: 12 Dec 2018Trump administration appointee quits lobbying for Saudi Arabia
the comments on the original post in "The Center for Public Integrity"
facebook timeline puts culpability for much of middle east mess on MI6
and Britain.
https://www.facebook.com/publici/posts/10155683767640723
The World Crisis, Vol. 1, Churchill explains the mess in middle east
started with move from 13.5in to 15in guns (leading to 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 ...
When the newly elected democratic government wanted to review the
Anglo-Person contract, US arranged coup and backed Shah as front
https://en.wikipedia.org/wiki/Kermit_Roosevelt,_Jr%2E
https://en.wikipedia.org/wiki/1953_Iranian_coup_d%27%C3%A9tat
... and Schwarzkoph (senior) training of the secret police to help
keep Shah in power
https://en.wikipedia.org/wiki/SAVAK
past posts mentioning Churchill's ref:
https://www.garlic.com/~lynn/2016d.html#78 The World Crisis, Vol. 1
https://www.garlic.com/~lynn/2016d.html#102 "Computer & Automation" later issues--anti-establishment thrust
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
https://www.garlic.com/~lynn/2016h.html#39 "I used a real computer at home...and so will you" (Popular Science May 1967)
https://www.garlic.com/~lynn/2017.html#72 A Coal Fire May Have Helped Sink the 'Titanic'
https://www.garlic.com/~lynn/2017c.html#33 CBS News: WikiLeaks claims to release thousands of CIA documents of computer activity
https://www.garlic.com/~lynn/2017c.html#90 Economist, Harry Dent Hints: Global Banks Facing a Serious Crisis in Months Ahead
https://www.garlic.com/~lynn/2017d.html#59 Breaking: Entire Nation Experiencing Collective Amnesia About Iraq War
https://www.garlic.com/~lynn/2017e.html#97 [CM] What was your first home computer?
https://www.garlic.com/~lynn/2017h.html#104 Iraq, Longest War
https://www.garlic.com/~lynn/2017h.html#115 When It Comes to the War in the Greater Middle East, Maybe We're the Bad Guys
https://www.garlic.com/~lynn/2018.html#14 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#82 DEC and HVAC
https://www.garlic.com/~lynn/2018b.html#30 free, huh, was Bitcoin confusion?
https://www.garlic.com/~lynn/2018c.html#59 America's War for the Greater Middle East: A Military History
https://www.garlic.com/~lynn/2018c.html#90 The G.O.P. Tax Cut Is Draining the Treasury Even Faster Than Expected
https://www.garlic.com/~lynn/2018c.html#104 Iran shrink-wrapped $100 Payments
https://www.garlic.com/~lynn/2018d.html#99 tablets and desktops was Has Microsoft
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Fri, 14 Dec 2018 08:03:05 -0800maus <mausg@mail.com> writes:
old thread in comp.arch (weight classified as commercial vehicle
qualifying for tax break, but "illegal" on residential streets)
https://www.garlic.com/~lynn/2006s.html#13
longer discussion in a.f.c. (mentioning heavy buses allowed on
residential streets not built for such loads)
https://www.garlic.com/~lynn/2006h.html#6
more recent a.f.c. reference
https://www.garlic.com/~lynn/2017e.html#0
referencing article from 2004
http://www.slate.com/articles/news_and_politics/hey_wait_a_minute/2004/08/californias_suv_ban.html
H1 @ 10,300 pounds and H2 at 8,600 pounds.
son-in-law was in Fallujah 2004-2005
https://www.amazon.com/Ghosts-Fallujah-Coley-D-Tyler-ebook/dp/B07J2DWWWD/
and then back again 2007-2008 in baqubah (described as worse than
fallujah). Abrams M1 flat bottom and extremely vulnerable to
IEDs (lots of armor above ground, but flat bottom and
little "blast" resistance) ... that they took to running
routes before taking Abrams out for drive.
https://www.amazon.com/Battle-Baqubah-1SG-Robert-Colella/dp/1469791064/
he was foot patrol in Fallujah ... but had Bradley M2A3 in Baqubah ...
talked about loosing so many Bradleys that they were eventually getting
mothballed Bradley "DS" (desert storm) as replacements ... except he
kept jerry rigging repairs for his M2A3, in part because it had more
modern communication/electronics.
https://en.wikipedia.org/wiki/M2_Bradley#M2A3
Longer discussions
https://www.garlic.com/~lynn/2015f.html#43
https://www.garlic.com/~lynn/2015g.html#78
https://www.garlic.com/~lynn/2018d.html#96
Much of Burton's "Pentagon Wars" is about getting lots of fixes for the
original Bradley, saving large number of lives (the people he was
fighting for the fixes, got promotions and he got forced retirement).
Recent Burton reference upthread
https://www.garlic.com/~lynn/2018f.html#81
pentagon wars
https://www.amazon.com/Pentagon-Wars-Reformers-Challenge-Guard-ebook/dp/B00HXY969W/
https://en.wikipedia.org/wiki/The_Pentagon_Wars
military-industrial(-congressional) complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Fri, 14 Dec 2018 10:57:20 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
original hummer H1 quoted from 2004 slate article at 10,300
How Gross Vehicle Weight Rating (GVWR) Works, humvees
https://auto.howstuffworks.com/auto-parts/towing/towing-capacity/vehicle%20/gvwr13.htm
H2 still 8600, H3 reduced to 6001 from above:
2006, H1:10300, H2: 8600, H3: 5850
2007, H2: 8600, H3: 5850
2008, H2: 8600, H3: 6001
2009, H2: 8600, H3: 6001, H3T:6001
GMC GVWR 4850-9700
https://auto.howstuffworks.com/auto-parts/towing/towing-capacity/vehicle%20/gvwr11.htm
Ford GVWR 4300-14,500
https://auto.howstuffworks.com/auto-parts/towing/towing-capacity/vehicle%20/gvwr10.htm
F450 was 14,500 in 2008, reduced to 10,100 in 2009
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Fri, 14 Dec 2018 11:30:10 -0800re:
original Hummer H1 production 1992-2006
https://en.wikipedia.org/wiki/Hummer_H1
they started doing more consumer friendly with H2 & H3
H2, 2002-2009
https://en.wikipedia.org/wiki/Hummer_H2
H3, 2006-2010
https://en.wikipedia.org/wiki/Hummer_H3
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Fri, 14 Dec 2018 13:58:13 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
The slate 2004 article talks about over 6,000gvwr trucks being prohibited (with limited exceptions) on most residential streets.
current City of LA webpage about residential limitation on trucks
>6000gvwr
https://ladot.lacity.org/what-we-do/operations/neighborhood-services/trucks-residential-streets
class2 gvwr 6001-10000, class3 gvwr 10000-14000
https://en.wikipedia.org/wiki/Commercial_vehicle
HUMMER H1 10,300, production 1992-2006
a little more consumer friendly (but both still >6000)
HUMMER H2 8600, production 2002-2009 HUMMER H3 6001, production 2006-2010
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: ACS360 and FS Blog: Facebook Date: 15 Dec 2018about end of ACS-360 (executives worried that it would advance the state-of-the-art too fast and they would loose control of the market), at the bottom lists ACS-360 features that show up in ES/9000 over 20yrs later (1990). Amdahl shutdowns ACS-360 and short time leaves IBM to do clone 370 startup.
ACS-360 was advanced, higher performance 360 in the late 60s. FS was in the 70s, completely different and incompatible with 370. Internal FS politics was killing off 370 efforts ... and the lack of 370 products during the FS period is credited with giving clone processor makers (like Amdahl) market foothold.
A claimed major objective for FS was to make the integration of processor with controllers so complex that it would significantly raise the bar for clone controller maker competition ... however, it resulted in giving the opening for clone system makers.
trivia: as undergraduate in the 60s I did a clone controller that was picked up by the vendor and marketed as IBM clone controller. Four of us got written up as responsible for (some part of) the clone controller business.
clone controller posts
https://www.garlic.com/~lynn/submain.html#360pcm
After failure of FS project (completely different than 370 and was going to completely replace 370, during FS era, internal politics shutting 370 efforts, lack of 370 products during FS period, credited with giving clone system makers, market foothold). Head of POK also managed to convince corporate to kill vm/370 product, shutdown the development group and transfer all the people to work on MVS/XA (or otherwise MVS/XA wouldn't ship on time some 6-8yrs later). They were planning on not telling the vm/370 group until the very last minute to minimize those that might escape. However, the info leaked early and joke that head of POK was one of the biggest contributors to the fledging DEC VMS effort, for the numbers that managed to escape IBM to work at DEC.
Ferguson & Morris, "Computer Wars: The Post-IBM World", Time Books,
1993 .... reference to the "Future System" project 1st half of the
70s, was going to completely replace 370 and 370 efforts were being
shutdown, the lack of 370 products during the period is credited with
giving clone processor makers (including Amdahl) market foothold:
and perhaps most damaging, the old culture under Watson Snr and Jr
of free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived in
the shadow of defeat
...
But because of the heavy investment of face by the top management, F/S
took years to kill, although its wrong headedness was obvious from the
very outset. "For the first time, during F/S, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
I had continued to work on 360/370 stuff all during the FS period, even periodically ridiculing FS (which also wasn't exactly career enhancing activity).
some discussion of FS
https://people.computing.clemson.edu/~mark/fs.html
and
http://www.jfsowa.com/computer/memo125.htm
FS posts
https://www.garlic.com/~lynn/submain.html#futuresys
Jan1979, I got con'ed into doing benchmarks for national alb on engineering 4341 (4341s hadn't shipped yet to customers) that was looking at getting 70 for compute farm (sort of leading edge of the coming cluster supercomputers). 4300s were selling into the same mid-range market against DEC VAX/VMS. 4300s sold about same numbers as VAX/VMS in small unit orders, big difference were large 4300 orders of hundreds at a time for placing in departmental areas (sort of leading edge of coming distributed computing tsunami). Story is that head of POK got corporate to cut allocation of critical 4341 manufacturing component in half because felt threatened by cluster 4341s (much cheaper than 3033, higher throughput, much less floor space and environmentals, etc).
I was at research bldg28 ... but had done systems that ran across the street on the mainframes in bldg 14 (disk engineering) and bldg 15 (disk product test). bldg15 got earliest engineering 3033 and 4341 (after first two or three at processor development) and I got lots of time on these machines (I had better access than most people in POK and Endicott).
getting to play disk engineer 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: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sat, 15 Dec 2018 12:44:51 -0800maus <mausg@mail.com> writes:
a little more drift ... The Black Swan: Second Edition: The Impact of
the Highly Improbable
https://www.amazon.com/Black-Swan-Second-Improbable-Incerto-ebook/dp/B00139XTG4/
loc5282-85:
The strangest thing is that people in business usually agree with me
when they listen to me talk or hear me make my case. But when they go to
the office the next day they revert to the Gaussian tools so entrenched
in their habits. Their minds are domain-dependent, so they can exercise
critical thinking at a conference while not doing so in the office.
... snip ...
I noticed something similar (but different) when wandering around Somers in the early 90s, having discussions agreeing about the major changes needed in IBM ... and then go back a few weeks/months later and nothing had changed (or even attempted).
loc5298-5300:
Unbeknownst to me, 1987 was not the first time the idea of the Gaussian
was shown to be lunacy. Mandelbrot proposed the scalable to the
economics establishment around 1960, and showed them how the Gaussian
curve did not fit prices then.
... snip ...
periodically described as resigned in "protest"
https://en.wikipedia.org/wiki/Benoit_Mandelbrot
Mandelbrot left IBM in 1987, after 35 years and 12 days, when IBM
decided to end pure research in his division.[24] He joined the
Department of Mathematics at Yale, and obtained his first tenured post
in 1999, at the age of 75.[25] At the time of his retirement in 2005, he
was Sterling Professor of Mathematical Sciences.
... snip ...
https://en.wikipedia.org/wiki/Benoit_Mandelbrot#Randomness_in_financial_markets
Mandelbrot saw financial markets as an example of "wild randomness",
characterized by concentration and long range dependence. He developed
several original approaches for modelling financial fluctuations.[18] In
his early work, he found that the price changes in financial markets did
not follow a Gaussian distribution, but rather Lévy stable
distributions having infinite variance. He found, for example, that
cotton prices followed a Lévy stable distribution with parameter α
equal to 1.7 rather than 2 as in a Gaussian distribution. "Stable"
distributions have the property that the sum of many instances of a
random variable follows the same distribution but with a larger scale
parameter.[19]
... snip ...
In 1999, I was asked to help try and prevent the coming economic mess. Claims that some investment bankers had walked away "clean" from S&l crisis, where then running Internet IPO mills (invest a few million, hype, IPO for a few billion, should then fail leaving field clear for the next round) and were predicted to get into securitized mortgages next. Leading up to the economic mess imploding, articles were appearing trying to lay the blame on computer models and risk managers. The risk managers were saying that the business people forced them to fiddle the inputs until they got the outputs they wanted (garbage-in, garbage-out).
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
S&l crisis posts
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: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sat, 15 Dec 2018 13:13:38 -0800Anne & Lynn Wheeler <lynn@garlic.com> writes:
recent: The F-16 Fighting Falcon: A Creation Of The 'Lightweight Fighter
Mafia'
https://www.avgeekery.com/the-f-16-fighting-falcon-a-creation-of-the-lightweight-fighter-mafia/
We don't want to give away the good stuff but perhaps the most
interesting bit of info involves a famous pilot's scientific approach to
air combat and his formation, along with other scientists and
researchers, of the Lightweight Fighter Mafia. You'll need to watch to
find out more (don't worry; this won't be on the test.)
... snip ...
Boyd posts and URLs
https://www.garlic.com/~lynn/subboyd.html
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Career Blog: Facebook Date: 16 Dec 2018Much of my time at IBM, I was told I had no career and could expect no raises or promotions.
Early 80s at San Jose Research, I wrote open door saying I was underpaid with backup information. I got a written reply from head of HR saying that after detailed study of my career, I was being paid exactly what I was suppose to. I then put cover reply with copy of exchange appended and pointed out that I was being asked to interview potential new hires to work in new group under my direction and the candidates were being offered starting salary 30% more than I was making. I never got a written reply, but a few weeks later I got a 30% raise (putting me on level playing field with the potential new hires).
Later in 1991, I got written approval for VTP (7/31/91) and then asked
to stay on with approval for VTP->ITO. Starting late spring 1992, I
would start getting communication that I was never approved for any
early out and/or there was never any VTP->ITO conversion program,
etc. I would respond with detail copies of prior approvals, bulletin
board announcements for VTP, ITO, and VTP->ITO. For some reason, I
continued to get responses from all levels in Austin that none of that
happened ... which I would constantly respond with detailed
documentation refuting their false claims (with appended copies of all
prior information). It seemed like Austin would make non-stop denials
regardless of the detailed documentation showing their assertions were
facetious/false. It called to mind advice from various people
frequently reminded me that (especially in IBM) Business Ethics is
an oxymoron. Small sample of archived email exchange during that
period (I learned early on in IBM that I needed to keep detailed
record trail).
Date: Sat, 6 Jun 1992 12:13:29 PDT
from: lhw@sjsvm28
subject: ito
as a total aside ... just to put our minds at rest ... how is the
ITO process coming?
I had gotten some advice from XXXX earlier that Austin may for some
reason decide not to approve our ITO application. There is a woman in
the personnel office that might be able to help (if she is still there
and I can go back thru my records and find her name).
In the series of things that happened last summer, I had written
approval for the VTP with a leave date of 7/31/91. Starting some time
in early June, SSPD said that they were interested in transferring the
project from AWD to SSPD along with us ... as well as making me a job
offer. About every two weeks, they would say ... "just another week
and it will all be pushed through". When things got down to 7/31/91
and they were still saying that it was going to take another week or
so before it was all approved, I was asked to not take the VTP and in
return I would automatically be approved for the ITO (this supposedly
was to cover the slim possibility that the project and people transfer
to SSPD as well as the raise/promotion didn't come thru).
As we know now none of that came thru. When I was offered the job to
transfer to austin/awd five years ago, I was told that I had to take a
DEMOTION but would be immediately promoted ... "at the most it would
take would be 12 months to get promoted back" (to reassure me, I was
effectively told that it wasn't just another empty ibm management
promise since personnel practices required that the demotion could
last for NO LONGER THAN 12 months). Unfortunately none of that
happened. Finally more than two years after having been made the
promise, I open'ed door asking effectively what happened to the
absolutely personnel practices that was suppose to guarantee that the
promotion would take place. Unfortunately that whole issue appeared
to get lost in the executive/management musical chairs that have gone
on in Austin.
... snip ... top of post, old email index
From the annals of truth is stranger than fiction, both my wife and I take ITO 31July1992, the next day I get a letter at home saying I had been given big promotion, effectively immediately (while on ITO).
past refs to SJR opendoor
https://www.garlic.com/~lynn/2012k.html#28 How to Stuff a Wild Duck
https://www.garlic.com/~lynn/2012k.html#42 The IBM "Open Door" policy
https://www.garlic.com/~lynn/2014c.html#65 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014h.html#35 How Comp-Sci went from passing fad to must have major
https://www.garlic.com/~lynn/2014i.html#47 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2014i.html#48 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2016c.html#25 Globalization Worker Negotiation
https://www.garlic.com/~lynn/2017d.html#49 IBM Career
a few past refs to getting promoted after leaving
https://www.garlic.com/~lynn/2010l.html#74 CSC History
https://www.garlic.com/~lynn/2015d.html#34 Tech Time Warp of the Week: The World's First Hard Drive, 1956
https://www.garlic.com/~lynn/2015d.html#40 Remember 3277?
https://www.garlic.com/~lynn/2017b.html#10 IBM 1970s
https://www.garlic.com/~lynn/2017i.html#0 EasyLink email ad
past posts mentioning business ethics is oxymoron
https://www.garlic.com/~lynn/2007j.html#72 IBM Unionization
https://www.garlic.com/~lynn/2009.html#53 CROOKS and NANNIES: what would Boyd do?
https://www.garlic.com/~lynn/2009e.html#37 How do you see ethics playing a role in your organizations current or past?
https://www.garlic.com/~lynn/2009o.html#36 U.S. students behind in math, science, analysis says
https://www.garlic.com/~lynn/2009o.html#52 Revisiting CHARACTER and BUSINESS ETHICS
https://www.garlic.com/~lynn/2009o.html#57 U.S. begins inquiry of IBM in mainframe market
https://www.garlic.com/~lynn/2009r.html#50 "Portable" data centers
https://www.garlic.com/~lynn/2010b.html#38 Happy DEC-10 Day
https://www.garlic.com/~lynn/2010f.html#20 Would you fight?
https://www.garlic.com/~lynn/2010g.html#0 16:32 far pointers in OpenWatcom C/C++
https://www.garlic.com/~lynn/2010g.html#44 16:32 far pointers in OpenWatcom C/C++
https://www.garlic.com/~lynn/2011b.html#59 Productivity And Bubbles
https://www.garlic.com/~lynn/2012k.html#28 How to Stuff a Wild Duck
https://www.garlic.com/~lynn/2012k.html#42 The IBM "Open Door" policy
https://www.garlic.com/~lynn/2014c.html#65 IBM layoffs strike first in India; workers describe cuts as 'slaughter' and 'massive'
https://www.garlic.com/~lynn/2014i.html#47 IBM Programmer Aptitude Test
https://www.garlic.com/~lynn/2017.html#78 IBM Disk Engineering
https://www.garlic.com/~lynn/2017d.html#49 IBM Career
https://www.garlic.com/~lynn/2017e.html#9 Terminology - Datasets
https://www.garlic.com/~lynn/2018d.html#13 Workplace Advice I Wish I Had Known
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: America's janky payment system, explained Blog: Facebook Date: 16 Dec 2018America's janky payment system, explained
2nd half of 90s (two decades ago), there were a number of ACH same day & real time settlement pilots ... banks pushed back because they were making so much on the "float" ... the delay between when they had to stop paying interest on the amount in the account (had the money for free) and when the funds were actually transferred.
After the turn of the century, articles about why EU was moving ahead faster was because such revenue was much smaller percent (or zero) of EU banks' bottom line (compared to the US financial institutions).
One such was ACH pilot using standards/definition that I had written
(and chip I had designed), wasn't member of NACHA, so a member
submitted RFI on my behalf (14Sept1998)
https://www.garlic.com/~lynn/nacharfi.htm
Results of the ACH Internet Council pilot, gone 404, but lives on at
wayback machine (23July2001) ... including being able to do "SECURE"
debit internet transactions (standards/chip was payment method
agnostic, credit, debit, ACH, POS, etc)
https://web.archive.org/web/20070706004855/http://internetcouncil.nacha.org/News/news.html
some old "float" posts
https://www.garlic.com/~lynn/aadsm6.htm#digcash IP: Re: Why we don't use digital cash
https://www.garlic.com/~lynn/aadsm6.htm#echeck Electronic Checks
https://www.garlic.com/~lynn/aadsm7.htm#idcard2 AGAINST ID CARDS
https://www.garlic.com/~lynn/aadsmore.htm#eleccash re:The Law of Digital Cash
https://www.garlic.com/~lynn/aepay11.htm#42 Bank Float May Sink
https://www.garlic.com/~lynn/aadsm14.htm#7 Bank Float May Sink
https://www.garlic.com/~lynn/aadsm21.htm#1 Is there any future for smartcards?
https://www.garlic.com/~lynn/aadsm23.htm#22 Payment systems - the explosion of 1995 is happening in 2006
https://www.garlic.com/~lynn/aadsm23.htm#23 Payment systems - the explosion of 1995 is happening in 2006
https://www.garlic.com/~lynn/aadsm25.htm#31 On-card displays
https://www.garlic.com/~lynn/aadsm27.htm#41 The bank fraud blame game
https://www.garlic.com/~lynn/aadsm27.htm#42 The bank fraud blame game
https://www.garlic.com/~lynn/aadsm28.htm#26 Fixing SSL (was Re: Dutch Transport Card Broken)
https://www.garlic.com/~lynn/aadsm28.htm#49 Price point
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Christian nationalists are trying to seize power -- but progressives have a plan to fight back Blog: Facebook Date: 16 Dec 2018Christian nationalists are trying to seize power -- but progressives have a plan to fight back
This is along the lines of corporation group in the 40s, because they
had gotton such a bad reputation for the depression and supporting
Nazi Germany, they sponsored a major propaganda campaign to equate
capitalism with Christianity (in part resulting with adding "In God We
Trust" to money and "under God" to the pledge of allegiance)
https://www.amazon.com/One-Nation-Under-God-Corporate-ebook/dp/B00PWX7R56/
some recent references
https://www.garlic.com/~lynn/2017i.html#41 Commercial grade ink and paper (Western Union)
https://www.garlic.com/~lynn/2017i.html#74 When Working From Home Doesn't Work
https://www.garlic.com/~lynn/2017j.html#24 What if the Kuomintang Had Won the Chinese Civil War?
https://www.garlic.com/~lynn/2017j.html#35 Tech: we didn't mean for it to turn out like this
https://www.garlic.com/~lynn/2017j.html#47 America's Over-Hyped Strategic Bombing Experiment
https://www.garlic.com/~lynn/2017j.html#62 What if the Kuomintang Had Won the Chinese Civil War?
https://www.garlic.com/~lynn/2017k.html#31 The U.S. was not founded as a Christian nation
https://www.garlic.com/~lynn/2017k.html#70 Russia Invaded Japanese Islands With U.S. Ships -- After Japan Surrendered
https://www.garlic.com/~lynn/2018.html#13 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#67 Pushing Out Immigrants Isn't About the Economy
https://www.garlic.com/~lynn/2018.html#109 The Man From Sullivan & Cromwell
https://www.garlic.com/~lynn/2018b.html#45 More Guns Do Not Stop More Crimes, Evidence Shows
https://www.garlic.com/~lynn/2018b.html#60 Revealed - the capitalist network that runs the world
https://www.garlic.com/~lynn/2018b.html#72 Doubts about the HR departments that require knowledge of technology that does not exist
https://www.garlic.com/~lynn/2018c.html#45 Counterinsurgency Lessons from Malaya and Vietnam: Learning to Eat Soup with a Knife
https://www.garlic.com/~lynn/2018c.html#67 IBM's Chief Executive's Message to Shareholders 75 Years Ago
https://www.garlic.com/~lynn/2018c.html#81 What Lies Beyond Capitalism And Socialism?
https://www.garlic.com/~lynn/2018c.html#94 Barb
https://www.garlic.com/~lynn/2018c.html#107 Post WW2 red hunt
https://www.garlic.com/~lynn/2018d.html#58 We must stop bad bosses using migrant labour to drive down wages
https://www.garlic.com/~lynn/2018d.html#61 How American Racism Influenced Hitler; Scholars are mapping the international precursors of Nazism
https://www.garlic.com/~lynn/2018d.html#102 The Persistent Myth of U.S. Precision Bombing
https://www.garlic.com/~lynn/2018d.html#103 tablets and desktops was Has Microsoft
https://www.garlic.com/~lynn/2018e.html#16 America Celebrates Lateral Move From Monarchy To Corporate Rule
https://www.garlic.com/~lynn/2018e.html#33 old grudges, Computers, anyone?
https://www.garlic.com/~lynn/2018e.html#77 Top CEOs' compensation increased 17.6 percent in 2017; The ratio of CEO-to-worker compensation grew to 312-to-1
https://www.garlic.com/~lynn/2018f.html#15 A Tea Party Movement to Overhaul the Constitution Is Quietly Gaining
https://www.garlic.com/~lynn/2018f.html#30 Scientists Just Laid Out Paths to Solve Climate Change. We Aren't on Track to Do Any of Them
https://www.garlic.com/~lynn/2018f.html#50 More Americans Supported Hitler Than You May Think
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The rise and fall of IBM Blog: Facebook Date: 18 Dec 2018re:
In the late 70s and early 80s, I had been blamed for online computer
conferencing on the internal network (larger than arpanet/internet
from just about the beginning until sometime mid-80s). Folklore is
that when the corporate executive committee was told about online
computer conferencing (and the internal network), 5of6 wanted to fire
me. Part of the outcome of investigations and task forces on online
computer conferencing was official conferencing software and official
(moderated) forums. From IBMJARGON:
Tandem Memos - n. Something constructive but hard to control; a fresh
of breath air (sic). That's another Tandem Memos. A phrase to worry
middle management. It refers to the computer-based conference (widely
distributed in 1981) in which many technical personnel expressed
dissatisfaction with the tools available to them at that time, and
also constructively criticized the way products were [are] developed.
The memos are required reading for anyone with a serious interest in
quality products. If you have not seen the memos, try reading the
November 1981 Datamation summary.
... snip ...
Newsgroups: ibm.ibmpc.amsround.digest
Date: 12 Jul 91 16:02:01 GMT
From: xxxxxx
Has anyone noticed that among the 9000+ lines of activity in this
FORUM, not one since mine back at about 2000 has originated from an
RHQVM system. For the benefit of those who may not know the current
network topology. "RHQ" is where all the "headquarters" systems
(Somers... White Plains... Harrison) get their computing resources.
Since centralising these sytems, and suffering regular power failures
and communications failures in the non-redundant and unprotected
public utilites of northern Westchester, the powers-that-be have
decided that FORUMs have no useful business purpose during daylight
hours, and have DISABLED ALL SHADOWS from 6am to 6pm.
... snip ... top of post, old email index
computer conferencing posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: US Navy Contractors Hacked by China "More Than A Handful Of Times" Blog: Facebook Date: 18 Dec 2018US Navy Contractors Hacked by China "More Than A Handful Of Times"
been going on for over decade ...
Report: China gained U.S. weapons secrets using cyber espionage
http://www.cnn.com/2013/05/28/world/asia/china-cyberespionage/
Confidential report lists U.S. weapons system designs compromised by
Chinese cyberspies
https://www.washingtonpost.com/world/national-security/confidential-report-lists-us-weapons-system-designs-compromised-by-chinese-cyberspies/2013/05/27/a42c3e1c-c2dd-11e2-8c3b-0b5e9247e8ca_story.html
REPORT: Chinese Hackers Stole Plans For Dozens Of Critical US Weapons
Systems
http://www.businessinsider.com/china-hacked-us-military-weapons-systems-2013-5
our military-industrial complex is extraordinarily cyber dumb ... or they've been doing it on purpose to help create more credible adversary to justify more appropriations from congress.
military-industrial complex posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
a few recent cyberdumb posts:
https://www.garlic.com/~lynn/2018.html#69 The Next New Military Specialty Should Be Software Developers
https://www.garlic.com/~lynn/2018b.html#86 Lawmakers to Military: Don't Buy Another 'Money Pit' Like F-35
https://www.garlic.com/~lynn/2018b.html#112 How China Pushes the Limits on Military Technology Transfer
https://www.garlic.com/~lynn/2018b.html#117 F-35: Still No Finish Line in Sight
https://www.garlic.com/~lynn/2018c.html#26 DoD watchdog: Air Force failed to effectively manage F-22 modernization
https://www.garlic.com/~lynn/2018c.html#60 11 crazy up-close photos of the F-22 Raptor stealth fighter jet soaring through the air
https://www.garlic.com/~lynn/2018c.html#108 F-35
https://www.garlic.com/~lynn/2018d.html#52 Chinese Government Hackers Have Successfully Stolen Massive Amounts Of Highly Sensitive Data On U.S. Submarine Warfare
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: U.S. Cash Repatriation Plunges 50%, Defying Trump's Tax Forecast Blog: Facebook Date: 20 Dec 2018U.S. Cash Repatriation Plunges 50%, Defying Trump's Tax Forecast
The poster child spotlighted for repatriation (for all the money going to employee bonuses), however from the company's website, it said that "up to $1000" bonus for every employee ... which would amount to less than 3% (even if every employee got full $1000) of the money being repatriated, the rest, their website showed going to stock buybacks and executive bonuses.
2002, congress lets the fiscal responsibility act lapse, spending couldn't exceed revenue, on its way to eliminating all federal debt. 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). CBO 2010 report was that 2003-2009, taxes were cut by $6T and spending increased by $6T for $12T gap compared to fiscal responsible budget. Sort of confluence of Federal Reserve and wallstreet wanting huge federal debt, special interests and wallstreet wanting huge tax cut, and military-industrial complex wanting huge spending increase (first time taxes were cut to not pay for two wars, now on its way to exceeding $6T).
Some amount of drop in tax revenue were new loopholes for (legally?) hiding money in tax havens overseas. The poster child was heavy equipment maker that built in the US and sold&delivered to customers in the US. They set up a "distributorship" in offshore tax haven and all products were "sold" to the distributorship at cost which then sold to the customers in the US (with all profits booked overseas), equipment still made in the US, and shipped directly to customers in the US. Also claims that the money never even physically left the US ... "foreign profits" actually invested in the US (like US Treasuries) ... just magic fairy dust tax loophole electronic bookkeeping.
Spring 2009, IRS announces that it is going after 50,000 wealthy Americans that owned $400B in taxes on money illegally hidden overseas (tax evasion, that is separate from the new tax loopholes for legally hiding money overseas). Then in Spring 2011, the new speaker of the house was drastically cutting the budget for the organization responsible for recovering the $400B. Since then there has been news about a few billion in fines on the too big to fail that facilitated the tax evasion, but nothing about recovery of the $400B (or anything about jailtime and penalties for the illegal activity).
stock buyback posts
https://www.garlic.com/~lynn/submisc.html#stock.buyback
fiscal responsible budget posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
US Comptroller General posts
https://www.garlic.com/~lynn/submisc.html#comptroller.general
tax evasion (tax avoidance, tax loopholes, tax havens) posts
https://www.garlic.com/~lynn/submisc.html#tax.evasion
TBTF (too big to fail, too big to
prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Netscape: The Fire That Filled Silicon Valley's First Bubble Blog: Facebook Date: 20 Dec 2018Netscape: The Fire That Filled Silicon Valley's First Bubble
rivia: "MOSAIC" company was told they had to stop using the name "MOSAIC" ... they changed the name to "NETSCAPE", which was provided by silicon valley company that already owned the name "NETSCAPE", what was the name of that company???
We left IBM a few months after IBM transferred cluster scale-up, announced it as IBM supercomputer and we were told we couldn't work on anything with more than four processor. Two of the Oracle people that we had worked with on cluster scale-up later left and were at MOSAIC responsible for something called "commerce server" and we were brought in as consultants because they wanted to do payment transactions on the server. I had absolute authority over everything on the payment network side (webserver to internet payment gateway that interfaced to the financial payment networks). I had done multi-machine "HA/CMP" payment gateways with multiple connections into different parts of internet backbone. I originally started with advertising routes (in case of failures), but during this period, backbone transitioned to hierarchical routing (route advertisement wasn't scaling) ... so had to resort to DNS multiple-A record (host name with list of multiple ip-addresses). Payment trouble center had a bunch of circuit-based diagnostic tools and had criteria of 5mins for 1st level problem determination. I had to do significant amount of work to provide equivalent for packet-based environment.
payment network gateway posts
https://www.garlic.com/~lynn/subnetwork.html#gateway
MDC was at Moscone 1996, Jim Gray (I had worked with Jim at SJR before left for Tandem) had recently established SanFran M'soft research center a couple blocks from Moscone and was holding open house during MDC. All the banners at MDC said "internet" ... but the repeated refrain in all the sessions was "preserve your investment" (any trick of the trade that could done over small private network would be enabled for the internet).
NETSCAPE had increasing number of internet facing servers for downloading product. Problem was most of the (UNIX server) platforms had same problem with handling FINWAIT list processing, as load increased, CPU for FINWAIT processing zoomed to 95+%. Things improved when they installed a SEQUENT server .... which had fixed the FINWAIT problem some time before (it was another six months before started seeing FINWAIT fix from other vendors).
re: Novell in the original (facebook wired) thread; Early 80s, IBM San Jose disk division had internal server project called DataHub. They hired a group in Provo, Utah to do some of the code implementation and somebody from San Jose was commuting to Provo almost every week. Somewhere along the way, corporate directed SJ to abort the DataHub project (the communication group was trying to limit PCs to 3270 emulation, trying to preserve their dumb terminal paradigm and install base). The group in Provo was allowed to keep the code they had already done and shortly later a new company appeared in Provo ... name started with "N".
I ran an advanced technology conference spring of 1982 and one of the presentations was on DataHub by a person frequently commuting to Provo.
old archived post with copy of call for papers for spring 1982
advanced technology conference ... mentioning GPD DataHub and
subcontracting some of the software to company in Provo Utah
https://www.garlic.com/~lynn/96.html#4a
also part of original thread about IE packaged free with windows helping kill off netscape
Former IBM CEO John Opel Dies
https://www.pcworld.com/article/243311/former_ibm_ceo_john_opel_dies.html
According to the New York Times, it was Opel who met with Bill Gates,
CEO of the then-small software firm Microsoft, to discuss the
possibility of using Microsoft PC-DOS OS for IBM's
about-to-be-released PC. Opel set up the meeting at the request of
Gates' mother, Mary Maxwell Gates. The two had both served on the
National United Way's executive committee.
... snip ...
other trivia: before ms/dos
https://en.wikipedia.org/wiki/MS-DOS
there was Seattle computer
https://en.wikipedia.org/wiki/Seattle_Computer_Products
before Seattle computer, there was cp/m
https://en.wikipedia.org/wiki/CP/M
before developing cp/m, kildall worked on cp67/cms (precursor to
vm370) at npg (gone 404, but lives on at the wayback machine)
https://web.archive.org/web/20071011100440/http://www.khet.net/gmc/docs/museum/en_cpmName.html
npg
https://en.wikipedia.org/wiki/Naval_Postgraduate_School
even more trivia: The first webserver in the US was on the SLAC VM370
system
https://ahro.slac.stanford.edu/wwwslac-exhibit
https://ahro.slac.stanford.edu/wwwslac-exhibit/early-web-chronology-and-documents-1991-1994
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virtualization experience starting Jan1968, online at home since Mar1970
putgarlic all
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Thu, 20 Dec 2018 19:04:00 -0800maus <mausg@mail.com> writes:
past ESAL posts
https://www.garlic.com/~lynn/2002j.html#41 Transportation
https://www.garlic.com/~lynn/2004e.html#7 OT Global warming
https://www.garlic.com/~lynn/2006g.html#56 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#57 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#59 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#60 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#61 The Pankian Metaphor
https://www.garlic.com/~lynn/2006g.html#62 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#0 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#6 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#11 The Pankian Metaphor
https://www.garlic.com/~lynn/2006h.html#23 The Pankian Metaphor
https://www.garlic.com/~lynn/2008e.html#48 fraying infrastructure
https://www.garlic.com/~lynn/2008l.html#36 dollar coins
https://www.garlic.com/~lynn/2010m.html#61 Idiotic cars driving themselves
https://www.garlic.com/~lynn/2010n.html#39 Central vs. expanded storage
https://www.garlic.com/~lynn/2010p.html#52 TCM's Moguls documentary series
https://www.garlic.com/~lynn/2011n.html#80 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2011n.html#83 A Close Look at the Perry Tax Plan
https://www.garlic.com/~lynn/2013h.html#28 "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2013h.html#29 "Highway Patrol" back on TV
https://www.garlic.com/~lynn/2015b.html#47 Future of support for telephone rotary dial ?
https://www.garlic.com/~lynn/2015h.html#76 IMPI (System/38 / AS/400 historical)
https://www.garlic.com/~lynn/2016.html#12 1970--protesters seize computer center
https://www.garlic.com/~lynn/2016h.html#109 Minimum Wage
https://www.garlic.com/~lynn/2017h.html#31 Disregard post (another screwup; absolutely nothing to do with computers whatsoever!)
https://www.garlic.com/~lynn/2018.html#42 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018.html#44 Predicting the future in five years as seen from 1983
https://www.garlic.com/~lynn/2018b.html#26 Bitcoin confusion?
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Netscape: The Fire That Filled Silicon Valley's First Bubble Blog: Facebook Date: 20 Dec 2018re:
some topic drift:
somewhat for having done "electronic commerce" ... I was asked to participate in financial standards bodies and co-authored some (mostly security related) standards. In 1999, I was asked to help stop the coming "economic mess" (we failed). I was told that some investment bankers had walked away "clean" from the S&l crisis, were then running Internet IPO Mills (invest a few million, hype, IPO for a few billion, needed to fail to leave the field clear for the next round of IPOs) and were predicted next to get into securitized mortgages.
more than you ever wanted to know??
Decade later, Jan2009 I was asked to HTML'ize the Pecora Hearings (30s senate hearings into the '29 crash, resulted in Glass-Steagall and jailtime, had been scanned fall 2008 at Boston Public Library) 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 saying it won't be needed after all (reference to enormous mountains of wallstreet cash totally burying capital hill; at most only 2-3 honest members in all of congress, its all Kabuki theater/dance, what you see publicly has little to do with what really is going on).
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
S&l crisis posts
https://www.garlic.com/~lynn/submisc.html#s&l.crisis
Economic Mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
Somebody was in competition with AMEX president to be next CEO of AMEX and looses. The looser departs taking his protegee and they go to Baltimore taking over what was described as a loan-sharking business. They make some number of other acquisitions eventually acquiring CITIBANK in violation of Glass-Steagall. Greenspan gives them an exemption while they lobby congress for repeal (they enlist several in DC, including SECTREAS ... who resigns after the ball is rolling and joins CITI in what was described at the time as co-CEO). Some number of reasons are then given why the protegee then leaves CITI and eventually becomes CEO of another of the four largest too big to fail ... and is still there.
The SECTREAS in the 90s (before he resigns to join CITI) and the SECTREAS in the following administration (after turn of century), both had formally been head of the same investment bank (joke that TREASURY is still the branch office in DC for that institution). That SECTREAS (after turn of century) was responsible for extracting TARP funds out of congress. It turns out that the industry was doing securitized mortgages designed to fail (creating enormous demand for faulty mortgages), paying the rating agencies for triple-A rating (when the rating agencies knew they weren't worth triple-A, from Oct2008 congressional hearings), selling into the bond market (including to entities like large pension funds that are restricted to only dealing in "safe"/triple-A investments) and taking out CDS gambling bets that they would fail. The largest holder of the CDS gambling bets was AIG. AIG was negotiating to pay off at 50cents on the dollar when the SECTREAS steps in, has them sign document that they can't sue those making the CDS 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 the firm formally headed by the SECTREAS.
Originally excuse for TARP funds was to buy offbook toxic assets (to bail out too big to fail) but only $700B was appropriated (enuf for AIG, but not enough for TBTF offbook toxic assets). Just the four largest TBTF was holding $5.2T offbook toxic assets ye2008 (with CITI holding the most). It was up to Federal Reserve to do the real bailout behind the scenes, buying trillions in offbook toxic assets and providing tens of trillions in ZIRP funds.
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
(triple-a rated) toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
Also early on, AMEX and KKR were in competition for private-equity LBO
of RJR, and KKR wins. KKR then runs into problems with RJR and hires
away president of AMEX (that had won CEO competition) to help turn it
around.
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco
IBM then goes into the red and hires away the former president
of AMEX as CEO, using some of the techniques used at RJR.
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
some other players: (back to the 80s), VP and former CIA director
repeatedly claims no knowledge of
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://en.wikipedia.org/wiki/Savings_and_loan_crisis#Silverado_Savings_and_Loan
and another
http://query.nytimes.com/gst/fullpage.html?res=9D0CE0D81E3BF937A25753C1A966958260
last decade (after turn of century) another family member is president and 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 (criminal convictions with jailtime), so far nobody.
Another dimension, #1 on times list for those responsible for the
economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
mortgages used to be by regulated depository institutions using deposits, revenue from the mortgage payments (and had to care about borrowers' qualifications and loan quality). Then came the new breed of mortgage originators, feeding the wallstreet securitized mortgage process, revenue was purely commisions & transaction fees and it becomes how big a mortgage and how fast could they be sold off into the bond market (no longer needing to care about borrowers' qualification). Being able to pay for triple-A rating significantly contributed to being able to do over $27T 2001-2008. Part of speeding up the process was "electronic documents" which resulted in lots of missing legally required paperwork. From the law of unintended consequences, some of the biggest fines for the economic mess was after things imploded, was for the "robo-signing mills" ... fabricating the missing paperwork.
We had been brought in to help word smith some cal. state legislation. At the time they were working on electronic signature, (the original, first) data breach notification, and opt-in personal information sharing. Somewhat being involved in cal. electronic signature was asked into meeting at the Mortgage Banker's Association (lobbying group with new bldg across a park from IMF and World Bank) to talk about electronic signature on electronic (mortgage) documents (apparently trying to enlist my help).
#2 on times list for those responsible for the economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
Now better known for GLBA which included repeal of Glass-Steagall, however he is on the list for legislation blocking regulation of derivatives (CDS gambling bets), originally described as favor for ENRON. The chair of CFTC suggested regulating derivatives, who was then quickly replaced by #2's wife, while he got legislation blocking any regulation. The wife then resigns and joins ENRON board and audit committee.
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
2002, congress lets the fiscal responsibility act lapse, spending couldn't exceed revenue, on its way to eliminating all federal debt. 2005 comptroller general was including in speeches that nobody in congress was capable of middle school arithmetic. CBO 2010 report was that 2003-2009, taxes was cut by $6T and spending increased by $6T for $12T gap compared to fiscal responsible budget. Sort of confluence of Federal Reserve and wallstreet wanting huge federal debt, special interests and wallstreet wanting huge tax cut, and military-industrial complex wanting huge spending increase (first time taxes were cut to not pay for two wars, now on its way to exceeding $6T).
Fiscal Responsibility Act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
The real bailout of too big to fail was by federal reserve and fought a long hard legal battle to prevent disclosing what they were doing (buying trillions in offbook toxic assets at 98cents on the dollar and tens of trillions in ZIRP funds). When they lost, the chairman held press conference to say that he thought that the TBTF would use the tens of trillions in ZIRP funds to help main street, but when they didn't (instead buying treasuries), he had no way to force them (but that didn't stop the ZIRP funds). Note that the chairman was selected in part because he was a depression era scholar where the FED had tried something similar with the same results (so he should have had no real expectations of anything different this time).
Fed Chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
There have been lots written about ZIRP eliminated any reason for banks to compete (with interest rates) for deposits (because they got all the funds they needed from ZIRP) ... which would force pension & 401K funds (and other savers) into the equity market, where wallstreet could skim the rest (that they hadn't already taken with triple-A rated securitize mortgages in the bond market). The rise of HFT significantly increased the many ways of manipulating the market. This was sort of 2nd round. Early 90s, wallstreet lobbied companies and congress for changes in pension laws ... because the large pension funds were negotiating management fees to near nothing. Wallstreet would be able to make several times that with 401Ks (and for companies, they could significantly reduce their pension costs).
ZIRP posts
https://www.garlic.com/~lynn/submisc.html#zirp
Lots in recent news about if FED starts rising rates, it would bring lots of the savers out of the equity markets into safer instruments (and make a big hit on wallstreet revenue).
Late 90s, one of the members of financial standards group represented
NSCC (before they merged with DTC to form DTCC)
https://en.wikipedia.org/wiki/National_Securities_Clearing_Corporation
he invited me into NSCC to look at improving integrity of trading
floor transactions ... I work on it for awhile and then get told that
it was being suspended. A side effect of the integrity work would have
greatly increased transparency and visibility ... an anathema to
wallstreet culture ... and something like 30% of transactions can't
stand the light of day. Those class of transactions have gotten worse
with HFT
https://en.wikipedia.org/wiki/High-frequency_trading
trivia: rhetoric on the floor of congress for Sarbanes-Oxley was that it would prevent future ENRONs and guarantee that executives and auditors did jailtime, but it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, GAO started doing reports of public company fraudulent financial reporting ... even show that it increased after Sarbanes-Oxley goes into effect (and nobody doing jailtime). Some claims that congress felt "badly" about one of the audit houses went out of business after ENRON, and the really expensive SOX audits was full employment gift to the industry that wouldn't actually change anything.
Sarbanes-Oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
Financial Reporting Fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
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). Congress asked him if new regulations were needed. He replied that while new regulations might be needed, much more important was transparency and visibility (possibly because SEC wasn't doing anything with the regulations they had). He also pointed out that tips/whistleblowers turns up 13 times more fraud than audits ... and while SEC had a 1-800 number for corporations to complain about audits, SEC had no number to report fraud.
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
AMEX, Private Equity, IBM related Gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
Turns out that a lot of wallstreet is focused on volatility ... they
have much less revenue from static, stable market ... they do
pump&dump ... pushing the market up (buy low, sell high) and then
short ... pushing the market down. Old interview that they are all
doing illegal activity (before it got much worse with HFT) ... and
have nothing to worry about from SEC.
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
Less well known is that Sarbanes-Oxley also required SEC to do
something about the credit rating agencies (that last decade were
selling triple-A rating on stuff they knew weren't worth triple-A)
... but SEC did about as much about the credit rating agencies as they
did about public company fraudulent financial filings.
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Fri, 21 Dec 2018 10:29:00 -0800Dave Garland <dave.garland@wizinfo.com> writes:
this is decade old article (even before the big rise of HFT) ... that
they were already illegally gaming the system (and had nothing to
worry about from SEC)
http://nypost.com/2007/03/20/cramer-reveals-a-bit-too-much/
a couple recent posts mentioning HFT
https://www.garlic.com/~lynn/2018b.html#95 The Return Of Haim Bodek - HFT's First Whistleblower
https://www.garlic.com/~lynn/2018f.html#104 Netscape: The Fire That Filled Silicon Valley's First Bubble
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Re: Is LINUX the inheritor of the Earth? Newsgroups: alt.folklore.computers Date: Sat, 22 Dec 2018 09:43:56 -0800Dave Garland <dave.garland@wizinfo.com> writes:
the payment industry had previously looked at how their contact chip could be used for transit ... the came up with an RF sleeve/adapter that card was placed in and a 20ft RF tunnel that people would walk slowly through leading up to the turnstyle ...
there had been a large pilot of the payment industry standard contact
chip card in the US at the turn of the century ... but it was during the
YES CARD period (somebody's observation at ATM Integrity
taskforce meeting was that the payment industry managed to spend
billions of dollars to prove chips were less secure than
magstripe). In the wake of the YES CARD debacle, there was
references that it would be a long time before it was tried again in
the US (letting other jurisdictions be the guinea pigs and work out
all the bugs) ... YES CARD posts
https://www.garlic.com/~lynn/subintegrity.html#yescard
some old contactless chip posts:
https://www.garlic.com/~lynn/aadsmore.htm#bioinfo1 QC Bio-info leak?
https://www.garlic.com/~lynn/aadsmore.htm#bioinfo2 QC Bio-info leak?
https://www.garlic.com/~lynn/aadsm2.htm#straw AADS Strawman
https://www.garlic.com/~lynn/aadsm2.htm#strawm3 AADS Strawman
https://www.garlic.com/~lynn/aepay3.htm#x959risk3 Risk Management in AA / draft X9.59
https://www.garlic.com/~lynn/aadsm7.htm#idcard2 AGAINST ID CARDS
https://www.garlic.com/~lynn/aepay11.htm#23 DOD Prepares for biometric embedded smart card pilot
https://www.garlic.com/~lynn/aepay11.htm#52 Visa, Philips team to promote 'contactless' credit card
https://www.garlic.com/~lynn/aadsm12.htm#8 [3d-secure] 3D Secure and EMV
https://www.garlic.com/~lynn/aadsm12.htm#21 Smartcard in CD
https://www.garlic.com/~lynn/aadsm13.htm#15 A challenge
https://www.garlic.com/~lynn/aadsm13.htm#16 A challenge
https://www.garlic.com/~lynn/aadsm13.htm#17 A challenge
https://www.garlic.com/~lynn/aadsm13.htm#18 A challenge
https://www.garlic.com/~lynn/aadsm15.htm#6 x9.59
https://www.garlic.com/~lynn/aadsm17.htm#7 Phillips, Visa push contactless payments in consumer devices
https://www.garlic.com/~lynn/aadsm21.htm#13 Contactless payments and the security challenges
https://www.garlic.com/~lynn/aadsm21.htm#15 [Clips] Contactless payments and the security challenges
https://www.garlic.com/~lynn/aadsm21.htm#24 Broken SSL domain name trust model
https://www.garlic.com/~lynn/aadsm22.htm#5 long-term GPG signing key
https://www.garlic.com/~lynn/aadsm22.htm#13 Face and fingerprints swiped in Dutch biometric passport crack (another card skim vulnerability)
https://www.garlic.com/~lynn/aadsm22.htm#40 FraudWatch - Chip&Pin, a new tenner (USD10)
https://www.garlic.com/~lynn/aadsm22.htm#45 Court rules email addresses are not signatures, and signs death warrant for Digital Signatures
https://www.garlic.com/~lynn/aadsm22.htm#48 Court rules email addresses are not signatures, and signs death warrant for Digital Signatures
https://www.garlic.com/~lynn/aadsm23.htm#56 UK Detects Chip-And-PIN Security Flaw
https://www.garlic.com/~lynn/aadsm24.htm#1 UK Detects Chip-And-PIN Security Flaw
https://www.garlic.com/~lynn/aadsm24.htm#2 UK Banks Expected To Move To DDA EMV Cards
https://www.garlic.com/~lynn/aadsm24.htm#5 New ISO standard aims to ensure the security of financial transactions on the Internet
https://www.garlic.com/~lynn/aadsm24.htm#6 Securely handling credit card transactions earns Blackboard kudos
https://www.garlic.com/~lynn/aadsm24.htm#7 Naked Payments IV - let's all go naked
https://www.garlic.com/~lynn/aadsm24.htm#8 Microsoft - will they bungle the security game?
https://www.garlic.com/~lynn/aadsm24.htm#27 DDA cards may address the UK Chip&Pin woes
https://www.garlic.com/~lynn/aadsm24.htm#28 DDA cards may address the UK Chip&Pin woes
https://www.garlic.com/~lynn/aadsm24.htm#30 DDA cards may address the UK Chip&Pin woes
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#24 DDA cards may address the UK Chip&Pin woes
https://www.garlic.com/~lynn/aadsm26.htm#48 Governance of anonymous financial services
https://www.garlic.com/~lynn/aadsm26.htm#60 crypto component services - is there a market?
https://www.garlic.com/~lynn/aadsm26.htm#63 Public key encrypt-then-sign or sign-then-encrypt?
https://www.garlic.com/~lynn/aadsm27.htm#37 The bank fraud blame game
https://www.garlic.com/~lynn/aadsm28.htm#43 Realistic dynamics of contactless
https://www.garlic.com/~lynn/aadsm28.htm#44 Realistic dynamics of contactless
https://www.garlic.com/~lynn/aadsm28.htm#45 Realistic dynamics of contactless
https://www.garlic.com/~lynn/aadsm28.htm#49 Price point
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Politicians have caused a pay 'collapse' for the bottom 90 percent of workers, researchers say Blog: Facebook Date: 22 Dec 2018Politicians have caused a pay 'collapse' for the bottom 90 percent of workers, researchers say
Destruction of Middle Class
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For
Financialization
http://www.zerohedge.com/news/2017-09-08/real-reason-wages-have-stagnated-our-economy-optimized-financialization
How GE, GM, Coca-Cola And Kodak Put Shareholders Ahead Of Employees
https://www.forbes.com/sites/stevedenning/2017/06/29/how-ge-gm-coca-cola-kodak-put-shareholders-ahead-of-employees/
from here (updated Aug2018)
http://www.epi.org/productivity-pay-gap/
Meet the Economist Behind the One Percent's Stealth Takeover of America
https://www.nakedcapitalism.com/2018/05/meet-economist-behind-one-percents-stealth-takeover-america.html
Bad Ideas; Reknowned economist James K. Galbraith, one of our expert
panelists, pulls no punches in talking about the damage wrought by
financial innovation
https://www.gfmag.com/magazine/june-2017/bad-ideas
Economists are arguing over how their profession messed up during the
Great Recession. This is what happened
https://www.washingtonpost.com/news/monkey-cage/wp/2017/04/12/economists-are-arguing-over-how-their-profession-messed-up-during-the-great-recession-this-is-what-happened/
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 ...
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 ...
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: Share Buybacks and the Contradictions of "Shareholder Capitalism" Blog: Facebook Date: 25 Dec 2018Share Buybacks and the Contradictions of "Shareholder Capitalism"
Is All Lost? Record Share Buybacks But Stocks Get Crushed
https://wolfstreet.com/2018/12/18/stocks-suffer-nasty-quarter-after-record-share-buybacks/
One JPMorgan Strategist Finds The Buyback Party Is Over (But Doesn't
Want To Be Branded "Fake News")
https://www.zerohedge.com/news/2018-12-09/one-jpmorgan-strategist-finds-buyback-party-over-hopes-not-be-lumped-fake-new
Corporate Share Buybacks Looking Dumber By The Day
https://www.zerohedge.com/news/2018-11-25/corporate-share-buybacks-looking-dumber-day
The Great Deformation: The Corruption of Capitalism in America
https://www.amazon.com/Great-Deformation-Corruption-Capitalism-America/dp/1586489127
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 posts
https://www.garlic.com/~lynn/submisc.html#stock.buyback
More recent is the rise of high-frequency trading, major HFT slugging it out with each other to see who can skim the most out of the system (and threatening to drive investors out of the market).
recent HFT posts:
https://www.garlic.com/~lynn/2017b.html#43 when to get out???
https://www.garlic.com/~lynn/2017b.html#54 Mary Jo White Seriously Misled The US Senate To Become SEC Chair
https://www.garlic.com/~lynn/2017c.html#22 How do BIG WEBSITES work?
https://www.garlic.com/~lynn/2017c.html#23 How do BIG WEBSITES work?
https://www.garlic.com/~lynn/2017f.html#24 [CM] What was your first home computer?
https://www.garlic.com/~lynn/2017g.html#96 IBM Another Disappointment
https://www.garlic.com/~lynn/2017i.html#7 The Real Reason Wages Have Stagnated: Our Economy Is Optimized For Financialization
https://www.garlic.com/~lynn/2017j.html#60 The Windows 95 chime was created on a Mac
https://www.garlic.com/~lynn/2018.html#108 GE's $31 billion pension nightmare
https://www.garlic.com/~lynn/2018b.html#95 The Return Of Haim Bodek - HFT's First Whistleblower
https://www.garlic.com/~lynn/2018c.html#14 Air Force Risks Losing Third of F-35s If Upkeep Costs Aren't Cut
https://www.garlic.com/~lynn/2018c.html#19 How China's New Stealth Fighter Could Soon Surpass the US F-22 Raptor
https://www.garlic.com/~lynn/2018c.html#76 Why the F-35 Isn't Good Enough for Japan
https://www.garlic.com/~lynn/2018d.html#20 Navy's Top-Dollar Stealth Fighter May Not Go the Distance
https://www.garlic.com/~lynn/2018f.html#104 Netscape: The Fire That Filled Silicon Valley's First Bubble
https://www.garlic.com/~lynn/2018f.html#105 Is LINUX the inheritor of the Earth?
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Token-Ring Blog: Facebook Date: 25 Dec 2018re:
Lots of $69 10mbit ethernet cards capable of >8mbit/sec per card throughput ... using AMD LANCE, Intel 82586, or chips from several other vendors. By comparison the communication group heavily kneecapped $799 16mbit token-ring microchannel card had less throughput than the 4mbit token-ring pcat bus card that AWD did for the PC/RT.
1988 ACM SIGCOMM article had study of 30 station, showed 10mbit ethernet lan, with tight device driver loop in all stations constantly transmitting minimum size packets had the effective lan throughput drop to 8mbits/sec. At the same time, IBM Dallas E&S center published 16mbit T/R comparison with 10mbit ethernet ... they only way I could figure they got the enet numbers was if they used numbers for prototype 3mbit/sec ethernet before the "listen before transmit" standard.
AWD had done their own 16bit at-bus 4mbit t/r card for PC/RT ... but for 32bit microchannel RS/6000, AWD was forced to only use PS2 microchannel cards (joke was that for lots of things, RS/6000 wouldn't have any higher throughput than PS2). Communication group had so drastically kneecapped the PS microchannel 16mbit t/r card (trying to preserve their dumb terminal 3270 emulation paradigm, design point of 300 stations sharing common 16mbit t/r LAN doing 3270 emulation), that the AWD at-bus 4mbit T/R card had much higher per card throughput than the ($800) PS2 microchannel 16mbit T/R card (a PC/RT server with 4mbit T/R card had higher throughput than RS/6000 server with microchannel 16mbit T/R card).
801, awd, romp, pc/rt, rios, rs/6000, power/pc
https://www.garlic.com/~lynn/subtopic.html#801
New Almaden Research was extensively wired with CAT4 presumably assuming 16mbit t/r ... however they found that if they ran 10mbit ethernet over the CAT4, they had higher station throughput, lower transmission latency and higher aggregate LAN throughput ... Also a RS/6000 server with $69 10mbit ethernet card had significantly higher throughput (could sustain >8mbit/sec) ... which was nearly order of magnitude better than with an $800 16mbit t/r card. Also could get a relatively inexpensive TCP/IP router with 200mbit/sec backblane that supported sixteen 10mbit/sec ethernet ... so could spread clients across 10-14 LANs with the remaining LANs dedicated one each per server (for enormous greater throughput and enormously less cost than clients and servers with $800 16mbit/sec T/R cards all sharing a single LAN capacity, tied together with MAUs).
Early 80s, we were running T1s and working with NSF director and was suppose to get $20M to interconnect the NSF supercomputer centers. Then congress cuts the budget, some other things happen and eventually a T1 network RFP is released (in part based on what we already had running). Internal politics prevent us from bidding. The NSF director tries to help by writing a letter (with support from other agencies) to the company (copying the CEO) ... which just makes the internal politics worse (including the statements that what we already had running was at least 5yrs ahead of all RFP responses). Some other part of IBM is part of the winning bid ... with a rube goldberg lashup with PC/RTs supporting 440kbit links (not T1 links). Possibly to create a facade that they met the T1 requirement, they installed T1 trunks with telco multiplexors (multiple PC/RT 440kbit links over T1 trunk). Part of the ridicule was that some of the T1 trunks were multiplexed in turn over telco T5 trunks, so why can't they claim it is at T5 network.
As mentioned upthread/previously I was asked to be the redteam for the IBM response to upgrade NSF to T3 (45mbytes), possibly figuring that they could shutdown my ridicule and criticsm (about the time Raleigh shipped the 3737 ... that didn't fully handle T1). I had access to router box with 200mbit (quickly doubled to 400mbit) backplane, had support for mainframe channel interface, T3 interface and/or up to 16 ethernet networks. The original released mainframe TCP/IP product got about 44kbytes/sec using nearly full 3090 processor. I did software upgrades to support RFC1044 and in some tuning tests at Cray Research between Cray and 4341, got sustained 4341 channel throughput using only modest amount of 4341 processor (possibly 500 times increase in bytes moved per instruction executed).
RFC1044 posts
https://www.garlic.com/~lynn/subnetwork.html#1044
Preliminary NSF announcement (28Mar1986)
https://www.garlic.com/~lynn/2002k.html#12
as regional networks connect, it evolves into the NSFNET backbone
https://www.technologyreview.com/s/401444/grid-computing/
Late 80s, typical host TCP/IP implementation had 5k instruction pathlength and did five buffer copies. The analysis of VTAM for equivalent function was 160k instruction pathlength and 16 buffer copies (cache misses for larger buffer sizes could cost more in processor time than the 160k instruction pathlength). There was presentation at summer 1988 IETF (internet standards) meeting that demo'ed 100 instruction router pathlength (receive packet, route it, transmit). That was same IETF meeting that Van Jacobson demonstrated slow start for flow & congestion control. However the same 1988 ACM SIGCOMM issue with the ethernet performance analysis, also had article that in large heterogeneous network, "window algorithms" for flow/congestion control are non-stable (HSDT had moved to rate-based pacing in the early 80s because of those problems and other issues).
Besides working with NSF director on interconnecting the NSF
supercomputer centers, was also working with IT guy in Clementi's
E&S center in IBM Kingston that had whole boatload of Floating Point
Systems boxes (and trying to figure out how 370 might play). Had a
high speed satellite link between the Los Gatos lab on the west coast
and Clementi's lab. in IBM Kingston. Ed Sussenguth was trying to force us
to use Zebra (precursor to 3737) ... but wouldn't scale up to T2 or
T3.
Date: 06/06/84 15:08:59
To: wheeler
Hi Lynn,
Thanks for the TRBOX and now hsdt0425 file.. they both arrived by the
time I had finished reading the prior hsdt0425.
A suggestion... is there some way to note the deltas? Now I have to
carefully re-read each document as it arrives in order to note the
changes. Speeds, I believe it works out thus:
t1 1.544 Mb
t2 6.12 Mb
t3 44.7 Mb
t4 274.5 Mb
Also for reference the A-720 can support speeds to the satellite of
56K to 44.7 megabits per sec.
Damped out Ed Suthenguths arguments about Zebra last week by saying
the Sat. Project is planning to use 6 Mb bandwidths. If Ed gets the
idea that this is only a T1 project then Ed will DEMAND we use Zebras.
... snip ... top of post, old email index, HSDT email
Clementi ref
http://www.webalice.it/enrico.clementi/
Note that floating point systems boxes were not only compute intensive
(and relatively inexpensive) ... but supported 40mbyte/sec disk arrays
... to roll data into/out-of memory. When 3090 came out, there was
vector processing added to the box (much higher price) but only had
3mbytte I/O channels (there was a horrible 3090 hack to demonstrate
40mbyte disk array). But a much more cost effective was Cornell's 3090
with its boat load of FPS boxes.
https://en.wikipedia.org/wiki/Floating_Point_Systems
Cornell University led by physicist Kenneth G. Wilson made a
supercomputer proposal to NSF with IBM to produce a processor array of
FPS boxes attached to an IBM mainframe with the name lCAP.
... snip ...
old hsdt email reference
https://www.garlic.com/~lynn/2007.html#email860430
in this post
https://www.garlic.com/~lynn/2007.html#19
other HSDT email
https://www.garlic.com/~lynn/lhwemail.html#hsdt
old archive posts with even older email that 3737 is the product
version of the raleigh "ZEBRA" prototype project.
https://www.garlic.com/~lynn/2011g.html#email880130
https://www.garlic.com/~lynn/2011g.html#email880606
https://www.garlic.com/~lynn/2011g.html#email881005
I also had project to tie a whole boat load of processors to make a
supercomputer. Old email about having schedule conflict between
presenting HSDT to NSF director and week meeting in Yorktown on
cluster supercomputer.
https://www.garlic.com/~lynn/2007d.html#email850315
HSDT posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
NSF posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: IBM Token-RIng Blog: Facebook Date: 25 Dec 2018re:
more from Clementi's lab:
Date: 06/06/84 16:16:56
To: wheeler
HI Lynn,
I'm on your side and so is xxxx. However I get the distinct impression
that CPD is attempting to use Ed Suthenguths Zebra to slow thigs
up. It could be rather embarrasing if someone other than CPD in IBM
can offer a viable T1 solution that also can support t2 or t3. The
meeting last week was set up by yyyy for the specific purpose of
examining all CPD possibilities as solutions for implementation in
this project in lieu of HYPERchannel. Now, even after xxxx got Ed to
agree in public, that Zebra won't go faster than 2 Mb, he will be at
the meeting on Tues. and yyyy expects him to continue to
participate. Having seen how CPD lobbied against the NETEX contract I
am perhaps biased that their prime objective is to use any vehicle
other than HC for this project. It is only your arguement, and their
admission that they have nothing, that can stop them from diverting
the project to supporting T1 speed only. If t1 were the only candidate
then Ed would be nominating his Zebra as the only logical choice (in
my opinion.)
I will even predict that Ed will expect the Sat. project to permit him
to test his Zebra... If that happens I would like to be involved and
help him, but expect that he will pick up the costs and not expect the
existing or proposed funding to absorb the delta cost (if any.)
What I am therefore suggesting is that you read your document from the
CPD reference point. All of Lynn Wheeler's work of late has put
significant pressure on CPD to get into the LAN business. Today they
see T1 as about their upper limit - ie Rolms and the contract with
CPD/Data Switch to provide a t1 voice/data switch.
If this project succeeds and IBM (xxxx) can offer our
customers/internal greater than t1 before CPD announces and ships
their voice/data switch what happens to their strategy on product
announce times???
I would like to see us reach for higher than t1 sppeds as I think our
"customer requirements" will exceed all expectations. Particularily
when AT&T can today offer point to point 100/200Mb fiber to internal
customers. What I saw down at the AT&T plant in Atlanta, Ga. and the
backorders that were described, lead me to believe that within 2 years
you will see a "leased/switched fiber" tariff.
Regards,
... snip ... top of post, old email index, HSDT email
battling CPD T1 still going on:
Date: Fri, 15 Jul 88 17:06:59 est
From: lynn
Subject: t1 market
I'm not sure about that particular one, but I understand that for the
fall '85 plan, cpd did a study and found that there was one (or
possibly two) T1 connected to 3725 and only forcast six by 1989
(i.e. effectively no 3725 market business case). DSD non-concurred
with the plan because they did a survey of DSD customers and found
several thousand T1s (I don't remember for sure if it was 6,000).
As they say, it is all in how you ask the question, you can get any
answer you want. Part of the problem is the 3725 is so slow and hard
to program (remember the old saying about TSO, it may be slow, but it
sure is hard to use?) ... that even with the T1 3725 RPQ the maximum
thru-put using dedicated 3725s (each optimally tuned for just this one
thing) on both ends is less than T1. A large part of that is
bottleneck in 3725 & its programming, but some is just SNA.
To some extent that is where Ed S. Zebra (and product version, special
bid 3737 comes in). Not only does it have multiple dedicated 68ks, but
it is running a mini-vtam in the box because to really get effective
use of a T1 link (even just standard terrestrial, not even satellite),
SNA "protocol" has to be "enhanced" (i.e. you need to use something
else) ... and that is the reason for the mini-vtam. The mini-vtam
running in the 3737 has to spoof sna protocol to the host machine and
then use a more efficient protocol over the t1 link (the local 3737
immediately tells the local host mainframe that the packet has arrived
at the remote host mainframe ... even tho it is still in local buffer
memory and hasn't even been transmitted ... then the 3737s do their
spoofing magic underneath the covers using their own protocol ... and
you just hope that the link doesn't go down while one of your packets
are being processed ... sounds like the unix file system).
In any case cpd frequently uses circular logic to achieve their goals,
they don't need high-speed hardware &/or architecture implementation
because there is nobody using their hardware to do that (it is
relatively obvious that it is quite difficult to find somebody using
cpd hardware/architecture for something that it can't do). On the
other hand, once DSD phrased the question in a different way, they
found thousands of T1 links ... it was just none of it was using cpd
hardware.
... snip ... top of post, old email index, HSDT email
and the (La Gaude) 3725 T1 RPQ ... sort of variation on "fat pipe" ...
but in this case treating the T1 multiplexed 30 56kbit links as single
logical link:
Date: SAT, 07/25/87
From: wheeler
...
In another case involving CPD La Gaude using 3725s to drive a T1 link
over a satellite ... they have used a (non-IBM) multiplexor to
partition the T1 link into multiple 56kbit links. SNA "architecture"
(implement originally restricted number of "blocks out" to modulo7
... then going to 127. For a T1 satellite channel, neither is
sufficient to drive a T1 channel. However, they side-stepped the
modulo127 architecture issue by partitioning the T1 channel into
multiple subchannels ... the 3725 divides the datastream into almost
30 substreams, each with modulo blocks out, the hardware multiplexor
recombines that into the T1 stream the multiplexor on the remote end
splits it apart again and then the 3725 re-assembles it into a single
stream ... all in order so there isn't an apparent violation of the
architecture (even tho the "system" can have both logically and
actually almost 30*127 blocks "out"). As long as the "violation" of
the architecture is hidden in some other vendors box (i.e. in this
case the multiplexor) then everything is full "SNA" compatible
(disregarding the issue that the 3725 isn't physically capable of
moving a T1 sustained stream of data ... closer to half a T1).
... snip ... top of post, old email index, HSDT email
HSDT posts
https://www.garlic.com/~lynn/subnetwork.html#hsdt
NSF posts
https://www.garlic.com/~lynn/subnetwork.html#nsfnet
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Online Timsharing Blog: Facebook Date: 30 Dec 2018Some of the MIT CTSS (online timesharing) people
Other of the CTSS people went to the IBM science center on the 4th flr and did (virtual machine online timesharing) CP40/CMS for a 360/40 with virtual memory hardware modifications. CP40/CMS morphs into CP67/CMS when 360/67 becomes available standard with virtual memory. 1968, there were two spinoffs from the science center offering commercial online timesharing. This was back when IBM rented 360s, charges based on the system meter that ran whenever the CPU and/or any channel was busy (cpu and all channels had to be idle for at least 400ms before system meter stopped). There was lots of CP67 work transition to 7x24 operation, leaving systems up 7x24 to encourage offshift use ... and minimize costs especially early on when there was little or no use; dark room operation w/o operator, special channel programs that allowed channels (and system meter) to stop when things were idle, but immediately wake up with arriving characters.
science center and 545 tech sq posts
https://www.garlic.com/~lynn/subtopic.html#545tech
commercial online timesharing posts
https://www.garlic.com/~lynn/submain.html#timeshare
Trivia: long after IBM had switched to sales, MVS still had a timer task that woke up every 400ms guaranteeing system meter would never stop (even when system was idle). Other trivia: I've continuously had online terminal at home since Mar1970.
The big cloud megadatacenters have done something similar. For well over decade they assemble their own systems at 1/3rd cost of brand name vendors. More recently server processor makers said that they were shipping over half server chips directly to cloud megadatacenters ... likely contributing to IBM selling off its brand name server business.
The big cloud operators have so radically reduced the cost of servers to extent that power & cooling have increasingly become the major expense (and forced server chip makers into doing custom server chips optimized for power consumption). A large cloud megadatacenter with at least half a million systems (and several million processors) will operate with 80-120 people (thousands of systems/person).
aka: cloud businesses view dataprocessing as cost, not profit
TYMSHARE (provided virtual machine based online timesharing)
https://en.wikipedia.org/wiki/Tymshare
started providing its CMS-based online computer conferencing free to
SHARE in AUG1976, archives here
http://vm.marist.edu/~vmshare
sometimes(?) "404" ... but also at wayback machine
http://vm.marist.edu/~vmshare/
I cut a deal with TYMSHARE to send me monthly tapes of all the VMSHARE files, for putting up on internal network and systems, including world-wide sales&marketing (virtual machine based online timesharing) HONE system (some people questioned why HONE would allow me to put up VMSHARE files, they forgot that one of my hobbies after joining IBM was providing enhanced operating systems for internal datacenters and HONE was long time customer). One of the biggest road blocks with putting up the VMSHARE files were IBM lawyers that worried that IBM employees would be contaminated with customer information (customer information in VMSHARE could be at odds with what internal employees were told).
Probably all contributed to me being blamed for online computer conferencing on the internal network (larger than the arpanet/internet from just about beginning until sometime mid-80s) in the late 70s and early 80s. Folklore is that when corporate executive committee were told about online computer conferencing (and the internal network), 5of6 wanted to fire me.
online computer conferencing posts
https://www.garlic.com/~lynn/subnetwork.html#cmc
internal network posts
https://www.garlic.com/~lynn/subnetwork.html#internalnet
Trivia: mid-70s, the US HONE datacenters were consolidated in Silicon Valley ... and by the late 70s, their system was running max. number of loosely-coupled (3330 string switch with two 3830 four channel interface, eight systems) large POK multiprocessors (16 processors) with enhancements for load-balanacing and fall-over in largest single-system image (& largest "cloud" operation up until that time, such support doesn't ship to customers for possibly another 30yrs). Other trivia: when Facebook first moves into Silicon Valley, it is into a new bldg built next door to the old HONE datacenter.
some misc archived old HONE related email
https://www.garlic.com/~lynn/lhwemail.html#hone
some misc archived old VMSHARE related email
https://www.garlic.com/~lynn/lhwemail.html#vmshare
HONE related posts
https://www.garlic.com/~lynn/subtopic.html#hone
On a periodic visit to TYMSHARE, they demonstrated adventure game that
they had recently found on Stanford PDP10 system and then copied to
their PDP10 and then ported to CMS
https://en.wikipedia.org/wiki/Adventure_game
I got (fortran) source and executable ... and made the executable
available internally in IBM and would send a copy of the source to
anybody that they had got all points. Relatively quickly versions with
more points and PLI ports appeared
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Post-IBM World Blog: Facebook Date: 30 Dec 2018re:
Ferguson & Morris, "Computer Wars: The Post-IBM World", Time Books,
1993 .... reference to the "Future System" project 1st half of the
70s, was going to completely replace 370 and 370 efforts were being
shutdown, the lack of 370 products during the period is credited with
giving clone processor makers market foothold:
... and perhaps most damaging, the old culture under Watson Snr and Jr
of free and vigorous debate was replaced with sycophancy and make no
waves under Opel and Akers. It's claimed that thereafter, IBM lived in
the shadow of defeat
...
But because of the heavy investment of face by the top management,
F/S took years to kill, although its wrong headedness was obvious from
the very outset. "For the first time, during F/S, outspoken criticism
became politically dangerous," recalls a former top executive.
... snip ...
AMEX & KKR were in competition for private-equity, LBO take-over of
RJR and KKR won. KKR then ran into problems and hired away president
of AMEX to help turn it around.
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco
IBM had gone into the red and was being reorganized into the 13 "Baby
Blues" in preparation for breaking up the company, gone behind
paywall, but mostly free at wayback machine
https://web.archive.org/web/20101120231857/http://www.time.com/time/magazine/article/0,9171,977353,00.html
Then board hires away the former president of AMEX to help turn it
around ... using some of the same techniques used at RJR.
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
Note: we had left IBM but get a call from the bowels of Armonk, asking if we could help with the breakup. Business units used MOUs to leverage supplier contracts in other units. After the breakup, the different business units could be in different companies and the MOUs would have to be turned into their own contracts (all such MOUs would have to be cataloged). Before we get started, the new CEO has reversed the breakup. Before that we had been hearing from various former co-workers that the top executives were not paying any attention to running the company, they were spending all their time moving expenses from the following year into the current year. We ask our contact from the bowels of Armonk. He said that the current year was in the red and top executives wouldn't get any bonus (and how far in the red makes no difference). Moving expenses from the following year could nudge it barely into the black and the way the executive bonus plan worked, top executives would get bonus more than twice as large as any previous bonus (basically rewarded for driving the company into the red).
IBM CEO leaves IBM to head up another major private-equity company,
that was buying up beltway bandits (including company that will employ
Snowden) and gov. contractors and hiring prominent politicians to
lobby congress to outsource business to their companies. Companies in
the PE-mills are under intense pressure to cut corners to push profit
up to their owners (agencies can't lobby congress, and companies can't
use money from gov. contracts to lobby congress, but PE owners appear
to not be under any restriction).
http://www.motherjones.com/politics/2007/10/barbarians-capitol-private-equity-public-enemy/
Lou Gerstner, former ceo of ibm, now heads the Carlyle Group, a
Washington-based global private equity firm whose 2006 revenues of $87
billion were just a few billion below ibm's. Carlyle has boasted
George H.W. Bush, George W. Bush, and former Secretary of State James
Baker III on its employee roster.
... snip ...
enormous uptic in outsourcing last decade, intelligence: 70% of budget
and over half the people:
http://www.investingdaily.com/17693/spies-like-us boosting the rapidly
spreading success of failure culture, lots more money for companies
in PE-mills with a series of failures
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
posts referencing pensions
https://www.garlic.com/~lynn/submisc.html#pensions
private equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
success of failure culture
https://www.garlic.com/~lynn/submisc.html#success.of.failuree
... trivia: I continued to work on 360&370 stuff all during the "Future System" period and periodically ridicule FS ... which wasn't exactly career enhancing activity.
Part of FS was going to be a single level store (paged mapped filesystem) ... along the lines of TSS/360. As undergraduate, I did a lot of apples:apples comparisons between CP67/CMS and TSS/360 (CMS with 30 users had significant better throughput and response than TSS/360 with four users ... lots of it had to do with its single level store implementation). During the FS period, I did a page mapped filesystem for CMS ... that had better throughput than the standard CMS filesystem ... and enormously better than TSS360 single level store (claiming I learned what not to do by analyzing TSS/360, and would have been much better than whatever FS might have been).
future system posts
https://www.garlic.com/~lynn/submain.html#futuresys
--
virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump asking advisers if he can legally fire Fed chief Blog: Facebook Date: 30 Dec 2018Trump asking advisers if he can legally fire Fed chief
In numerous standards meeting at different Federal Reserve bldgs, they frequently made a point that they weren't an agency of the Federal government.
Somebody was in competition with the President of AMEX to be the next AMEX CEO and lost. He then left, taking his protegee to Baltimore acquiring what has been called a loan sharking business. They make some other acquisitions, eventually acquiring CITI in violation of Glass-Steagall. Greenspan gives them an exemption while they enlist some number in DC to lobby congress for repeal (including then SECTREAS). When things are rolling, the SECTREAS resigns and joins CITI (which becomes one of the four largest TBTF) in what was described as co-CEO. The protegee then leaves and shows up as CEO of one of the other four largest TBTF.
AMEX is in competition with KKR for private-equity LBO of RJR and KKR
wins. KKR runs into trouble and hires away AMEX president to help turn
it around.
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco
IBM then goes into the red and board hires away the former
AMEX president who then uses some of the same techniques at IBM (as
used at RJR):
https://web.archive.org/web/20181019074906/http://www.ibmemployee.com/RetirementHeist.shtml
Jan1999 I'm asked to help prevent the coming economic mess, some investment bankers "walked away clean" from the S&l crisis, were then doing Internet IPO mills (invest a few million, hype, IPO, should fail to leave the field clear for the next round), and were predicted next to get into securitized mortgages. I was to improve the integrity of securitized mortgages supporting documents as countermeasure. They then find they can pay the credit rating agencies for triple-A ratings (when they knew they weren't worth triple-A from Oct2008 congressional hearing testimony), enabling them no longer care about borrowers' qualifications or loan quality, start doing no-documentation, liar loans, securitize, pay for triple-A and sell (through wallstreet) into the bond market (including to funds that are restricted to "safe investment", like large pension funds) ... largely enabling doing over $27T 2001-2008.
They then find they can they can design securitized mortgages to fail, pay for triple-A, sell into the bond market, and take out CDS gambling bets that they will fail, creating enormous demand for questionable mortgages (they now care about borrowers' qualifications, but not in the traditional way). SECTREAS (former head of same firm that the old SECTREAS, now at CITI, was head of) convinces congress about TARP (supposedly to buy offbook toxic assets), but with only $700B would hardly touch the problem with just the four largest TBTF holding $5.2T ye2008. Largest holder of the CDS gambling bets was AIG and was negotiating to pay off at 50 cents on the dollar, when the SECTREAS steps in, has them sign a document that they can't sue those making the bets and to take TARP funds to pay off 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 SECTREAS.
Federal Reserve fights a long, hard legal battle to prevent disclosing that they were doing the bailout behind the scenes, buying trillions in offbook toxic assets at 98cents on the dollar and providing tens of trillions in ZIRP funds. When they loose, the Federal Reserve chairman holds a press conference and says he expected that the TBTF would use the ZIRP funds to help mainstreet, however when they didn't, he had no way to force them (but that didn't stop the ZIRP funds). Note that the chairman had been selected in part for being a depression era scholar, but the FED had tried something similar then with the same results, so the chairman shouldn't have expected anything different this time.
Side-effect of the ZIRP funds, was that TBTF no longer needed deposits for funds and lots of articles about retirees being forced from safe investments into equity markets (allowing skimming what wasn't already gotten out of triple-A rated securitized mortgages). This was at the same time that large firms were juicing the market with stock buybacks.
fed chairman posts
https://www.garlic.com/~lynn/submisc.html#fed.chairman
ZIRP funds posts
https://www.garlic.com/~lynn/submisc.html#zirp
stock buyback posts
https://www.garlic.com/~lynn/submisc.html#stock.buyback
There have been lots of articles this long after the crash, when will the FED stop having to prop up the TBTF and market, unload the offbook assets, stop the ZIRP funds, and return to normal interest rate.
Jan2009, I'm asked to HTML'ize the Pecora Hearings (30s Senate hearings into the '29 crash, resulted in Glass-Steagall and lots of criminal convictions, scanned fall2008 at Boston Public Library) with lots of internal HREFs and URLs between what happened then and what happened this time (comment that the new congress might have appetite to do something). I work on it for awhile and then get call saying it won't be used after all (references to enormous mountains of wallstreet cash totally burying capital hill, possibly only two honest members of congress left).
Confidence Men: Wall Street, Washington, and the Education of a
President.
https://www.amazon.com/Confidence-Men-Washington-Education-ebook/dp/B0089LOKKS/
has several references that essentially wallstreet was using the EHM
debt strategy against the American public. other references were about
new president having to choose between the economic A-team (Volcker et
al) and the B-team. The A-team was instrumental in getting him
elected, but the A-team would have held wallstreet and the TBTF
accountable, which would have likely taken down most of those
institutions (so new president chooses the b-team that wasn't going to
hold anybody responsible).
Former CIA director and then VP repeatedly claimed that he knew
nothing about
http://en.wikipedia.org/wiki/Iran-Contra_affair
because he was fulltime administration point person deregulating
financial industry ... creating S&L crisis
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
along with other members of his family
http://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 last decade, 70 times larger than the S&l crisis. S&L crisis had 30,000 criminal referrals and 1000 criminal convictions with jailtime, proportionally the economic mess should have 2.1M criminal referrals and 70,000 criminal convictions.
same people, different subject:
CIA director Colby refuses to approve "Team B" analysis greatly
exaggerating Russian military capability, justifying huge US military
spending increase.
https://en.wikipedia.org/wiki/Team_B
White House Chief of Staff Rumsfeld gets Colby replaced with somebody (Bush1) that will agree with "Team B" analysis. Rumsfeld then resigns to become SECDEF (and is replaced by his assistant Cheney).
Team B posts
https://www.garlic.com/~lynn/submisc.html#team.b
In the 80s, US supports Iraq in the Iran/iraq war
http://en.wikipedia.org/wiki/Iran-Iraq_War
Bush1 is VP and Rumsfeld is involved in supporting Iraq, including supplying WMDs
http://en.wikipedia.org/wiki/United_States_support_for_Iraq_during_the_Iran-Iraq_war
In the early 90s, Bush1 is president, Cheney is SECDEF. Sat. photo
recon analyst told white house that Saddam was marshaling forces to
invade Kuwait. White house said that Saddam would do no such thing and
proceeded to discredit the analyst. Later the analyst informed the
white house that Saddam was marshaling forces to invade Saudi Arabia,
now the white house has to choose between Saddam and the Saudis.
https://www.amazon.com/Long-Strange-Journey-Intelligence-ebook/dp/B004NNV5H2/
Records appear showing Bush ran Iran/Contra and he pardons everybody
but public scapegoat Ollie.
https://www.amazon.com/Profiteers-Bechtel-Men-Built-World-ebook/dp/B010MHAHV2/
This century, Bush2 is president, Cheney is VP, Rumsfeld is SECDEF and one of the "Team B" members is deputy SECDEF (and major architect of Iraq policy). https://en.wikipedia.org/wiki/Paul_Wolfowitz
last decade, cousin of white house chief of staff Card ... was dealing
with the Iraqis at the UN and was given evidence that WMDs (tracing
back to US in the Iran/Iraq war) had been decommissioned. the cousin
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/
NY Times series from 2014, the decommission WMDs (tracing back to US
from Iran/Iraq war), had been found early in the invasion, 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
WMD posts
https://www.garlic.com/~lynn/submisc.html#wmds
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). From the law of unintended consequences, the invaders
were told to bypass ammo dumps looking for WMDs, when they got around
to going back, over a million metric tons had evaporated.
https://www.amazon.com/Prophets-War-Lockheed-Military-Industrial-ebook/dp/B0047T86BA/
perpetual war posts
https://www.garlic.com/~lynn/submisc.html#perpetual.war
military-industrial(-congressional) comple posts
https://www.garlic.com/~lynn/submisc.html#military.industrial.complex
2002 congress lets the fiscal responsibility act lapse (spending can't exceed tax revenue, on its way to eliminating all federal debt). By 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). 2010 CBO report, 2003-2009, tax revenue was cut $6T and spending increased by $6T for $12T gap compared to fiscal responsible budget (first time taxes cut to not pay for two wars). Sort of confluence of 1) Federal Reserve and wallstreet wants large federal debt (the ZIRP funds works for the TBTF with large federal debt), 2) special interests and wallstreet want large tax cut, 3) military-industrial complex want large spending increase.
fiscal responsibility act posts
https://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act
the early 90s SECDEF goes on to head up an oil field company that becomes one of the largest defense contractors ... after the turn of the century becomes VP and his firm gets tens of billions in no-bid IRAQ contracts
Former AMEX president leaves IBM to head up another major
private-equity company, that was buying up gov. contractors and
beltway bandits (including company that will employ Snowden), and
hiring prominent politicians to lobby congress to outsource business
to their companies. Companies in the PE-mills are under intense
pressure to cut corners to push profit up to their owners
(gov. agencies can't lobby congress and gov. contractors can't use
gov. contract money to lobby congress, but PE owners don't seem to be
under any restrictions)
http://www.motherjones.com/politics/2007/10/barbarians-capitol-private-equity-public-enemy/
Lou Gerstner, former ceo of ibm, now heads the Carlyle Group, a
Washington-based global private equity firm whose 2006 revenues of $87
billion were just a few billion below ibm's. Carlyle has boasted
George H.W. Bush, George W. Bush, and former Secretary of State James
Baker III on its employee roster.
... snip ...
enormous uptic in outsourcing last decade, intelligence: 70% of budget
and over half the people:
http://www.investingdaily.com/17693/spies-like-us
contributing to the rapidly spreading success of failure culture,
lots more money for companies in PE-mills with a series of failures
http://www.govexec.com/excellence/management-matters/2007/04/the-success-of-failure/24107/
Gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
posts referencing pensions
https://www.garlic.com/~lynn/submisc.html#pensions
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
80s, CITI had been largest player in variable interest rate mortgages. Somebody then does analysis of CITI mortgage portfolio that minor change in interest rates would take down CITI. CITI then unloads its mortgage portfolio, gets out of the mortgage market and requires a private (Saudi) bailout to stay in business. The person that had done the earlier CITI analysis, in 2006 is writing articles that the mortgage risk analysis was invalid. After crash, articles appear that the computer risk analysis was at fault. However risk managers were saying that the business people were forcing them to fiddle the inputs in order to get the desired results (garbage-in, garbage-out). Start of economic mess bailout there was some speculation, that it was done in part as favor to Saudi (ye2008 four largest TBTF $5.2T offbook toxic assets, CITI held the most).
too big to fail (too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump asking advisers if he can legally fire Fed chief Blog: Facebook Date: 30 Dec 2018re:
The rhetoric behind Sarbanes-Oxley was that it would prevent future ENRONs and guarantee that executives and auditors did jailtime, however it required SEC to do something. Possibly because even GAO didn't believe SEC was doing anything, GAO started doing reports of public company fraudulent financial reporting, even showed it increased after SOX went into effect (and nobody doing jailtime). The joke was that SOX was really a full employment gift to the audit industry, requiring significant increase in audit costs.
sarbanes-oxley posts
https://www.garlic.com/~lynn/submisc.html#sarbanes-oxley
ENRON posts
https://www.garlic.com/~lynn/submisc.html#enron
financial.reporting.fraud posts
https://www.garlic.com/~lynn/submisc.html#financial.reporting.fraud.fraud
In the Madoff congressional hearings, they had the person that had tried unsuccessfully for a decade to get SEC to do something about Madoff (SEC hands were forced when Madoff turned himself in). During the testimony, the person was asked if new regulations was needed, he replied that while new regulations might be needed, much more important was transparency and visibility (possibly because it seemed that SEC was doing little with the existing regulations). He also pointed out that tips/whistleblowers turn up 13 times more fraud than audits and that SEC had a line for corporations to complain about audits, but no tip 1-800 line.
Madoff posts
https://www.garlic.com/~lynn/submisc.html#madoff
Less well known is that SOX also required SEC to do something about the credit rating agencies (that were selling triple-A ratings on stuff they knew weren't worth triple-A), but SEC appears to do about as much about them as the public company fraudulent financial filings.
Another dimension, #1 on times list for those responsible for the
economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877339,00.html
mortgages used to be by regulated depository banks using deposits, revenue coming from mortgage payments (and had to care about borrowers' qualifications and loan quality). Then came the new breed of mortgage originators, feeding the wallstreet securitized mortgage process, revenue was purely commissions & transaction fees and it becomes how big a mortgage and how fast could they be sold off into the bond market (no longer needing to care about borrowers' qualification). Being able to pay for triple-A rating significantly contributed to being able to do over $27T 2001-2008. Part of speeding up the process was "electronic documents" which resulted in lots of missing legally required paperwork. From the law of unintended consequences, some of the biggest fines for the economic mess was after things imploded, was for the "robo-signing mills" ... fabricating the missing paperwork.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
triple-A rated toxic CDO posts
https://www.garlic.com/~lynn/submisc.html#toxic.cdo
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump asking advisers if he can legally fire Fed chief Blog: Facebook Date: 30 Dec 2018re:
We had been brought in to help word smith some cal. state legislation. At the time they were working on electronic signature, (the original, first) data breach notification, and opt-in personal information sharing. Somewhat being involved in cal. electronic signature was asked into meeting at the Mortgage Banker's Association (lobbying group with new bldg across the park from IMF and World Bank) to talk about electronic signature on electronic (mortgage) documents (apparently trying to enlist my help).
electronic signature posts
https://www.garlic.com/~lynn/subpubkey.html#signature
#2 on times list for those responsible for the economic mess
http://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html
Now better known for GLBA which included repeal of Glass-Steagall, however he is on the list for legislation blocking regulation of derivatives (CDS gambling bets), originally described as favor for ENRON. The chair of CFTC suggested regulating derivatives, who was then quickly replaced by #2's wife, while he got legislation blocking any regulation. The wife then resigns and joins ENRON board and audit committee.
Rhetoric on the floor of congress for GLBA was the primary purpose was if you already have a bank charter, you get to keep it, but if you don't already have a bank charter, you can't get one, specifically calling out WalMart and Microsoft (aka, block new banking competition. Rumor was that the president was going to veto it. It had originally passed along party lines (54-44), and not enough to override a veto. Congress was reminded that wallstreet had invested $240M in congress, about evenly divided between the two parties and congress "owed" wallstreet. They then added some unrelated legislation to get the additional votes.
We had been brought in to help wordsmith cal. legislation. At the time they were working on electronic signature, (the original) databreach notification, and opt-in privacy sharing (personal information can only be shared if institution has record of person agreeing to sharing). Electronic signature and databreach notification passes, but before "opt-in privacy" passes, "opt-out" sharing federal preemption legislation is also added to GLBA. They also add other things like repeal of Glass-Steagall. GLBA passes senate with ("veto proof") 90-8 votes.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
'29 crash, Pecora Hearings and/or Glass-Steagall posts
https://www.garlic.com/~lynn/submisc.html#Pecora&/orGlass-Steagall
electronic signature posts
https://www.garlic.com/~lynn/subpubkey.html#signature
2004, there was a privacy national organization meeting in DC that included a panel session of all the FTC commissioners. During the session, somebody got up and asked the commissioners what they were going to do about "opt-out" sharing. He said that he worked for a company that did call-center technology used by all major financial companies. He said that none of their call centers had a way of recording information from a "opt-out" call (meaning never a "opt-out" record, and they were always free to share your personal information). The FTC commissioners just ignored him.
Roll forward to the Federal Reserve bailout which requires a bank charter. Some of FEDs best friends were wallstreet investment banks that didn't have banking charters. The FED just handed out banking charters to all their friends (that didn't have one, theoretically in violation of GLBA).
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: Trump asking advisers if he can legally fire Fed chief Blog: Facebook Date: 30 Dec 2018re:
Noncompliant ... mostly about NYFED and Goldman-Sachs. 90s, former
head of GS was SECTREAS and then last decade, another former head of GS
was also SECTREAS, there was joke that US Treasury was GS branch
office in DC.
https://www.amazon.com/Noncompliant-Whistleblower-Exposes-Giants-Street-ebook/dp/B079L5MMSP/
Most of standards meetings (we were involved with) were with Boston Fed (and one at New Orleans Fed) ... although economist from St. Louis Fed did write a paper referencing some of my work.
However, at one point early in the Basel II draft (right at start of century, before published) https://en.wikipedia.org/wiki/Basel_II ... one of the NYFED people had got a new section in the draft for qualitative risk adjusted capital (in addition to the traditional quantitative risk adjusted capital), and we were invited in for discussions on how it could be implemented. However, during the review process, US TBTF completely neutered the new section.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
TBTF (too big to fail, too big to prosecute, too big to jail) posts
https://www.garlic.com/~lynn/submisc.html#too-big-to-fail
regulatory capture posts
https://www.garlic.com/~lynn/submisc.html#regulatory.capture
whistleblower posts
https://www.garlic.com/~lynn/submisc.html#whistleblower
some old posts mentioning Basel II
https://www.garlic.com/~lynn/aadsm25.htm#14 Sarbanes-Oxley is what you get when you don't do FC
https://www.garlic.com/~lynn/aadsm28.htm#61 Is Basel 2 out...Basel 3 in?
https://www.garlic.com/~lynn/aadsm28.htm#63 Is Basel 2 out...Basel 3 in?
https://www.garlic.com/~lynn/aadsm28.htm#65 Would the Basel Committee's announced enhancement of Basel II Framework and other steps have prevented the current global financial crisis had they been implemented years ago?
https://www.garlic.com/~lynn/aadsm28.htm#66 Would the Basel Committee's announced enhancement of Basel II Framework and other steps have prevented the current global financial crisis had they been implemented years ago?
https://www.garlic.com/~lynn/aadsm28.htm#67 Would the Basel Committee's announced enhancement of Basel II Framework and other steps have prevented the current global financial crisis had they been implemented years ago?
https://www.garlic.com/~lynn/aadsm28.htm#70 VCs have a self-destruction gene, let's tweak it
https://www.garlic.com/~lynn/2005t.html#26 Dangerous Hardware
https://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008.html#78 As Expected, Ford Falls From 2nd Place in U.S. Sales
https://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008e.html#65 Banks failing to manage IT risk - study
https://www.garlic.com/~lynn/2008h.html#12 independent appraisers
https://www.garlic.com/~lynn/2008h.html#90 subprime write-down sweepstakes
https://www.garlic.com/~lynn/2008j.html#64 lack of information accuracy
https://www.garlic.com/~lynn/2008n.html#15 Blinkylights
https://www.garlic.com/~lynn/2008o.html#39 The human plague
https://www.garlic.com/~lynn/2008p.html#9 Do you believe a global financial regulation is possible?
https://www.garlic.com/~lynn/2008r.html#4 Basel Committee outlines plans to strengthen Basel II
https://www.garlic.com/~lynn/2008r.html#51 Blinkenlights
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virtualization experience starting Jan1968, online at home since Mar1970
From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: What Minimum-Wage Foes Got Wrong About Seattle Blog: Facebook Date: 30 Dec 2018What Minimum-Wage Foes Got Wrong About Seattle
Economics: The Discipline That Refuses to Change; Behavioral economics
upended the idea that humans act solely in their rational
self-interest. So why do most undergrads barely learn anything about
the field?
https://www.theatlantic.com/education/archive/2018/12/why-do-econ-classes-barely-mention-behavioral-economics/578092/
as economy was crashing, there were articles trying to blame the risk managers and risk models. However the risk managers came back and said they were being forced to fiddle the inputs until the business people got the results they wanted (garbage in, garbage out). then a wallstreet consultant advised they hire and/or put on retainer as many prominent economists as possible ... that would parrot what was wanted.
economic mess posts
https://www.garlic.com/~lynn/submisc.html#economic.mess
"Economists and the Powerful: Convenient Theories, Distorted Facts,
Ample Rewards" goes into the capture of economists in more detail
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."
loc957-62:
The AEA was pushed into action by a damning research report into the
systematic concealment of conflicts of interest by top financial
economists and by a letter from three hundred economists who urged the
association to come up with a code of ethics. Epstein and
Carrick-Hagenbarth (2010) have shown that many highly influential
financial economists in the US hold roles in the private financial
sector, from serving on boards to owning the respective
companies. Many of these have written on financial regulation in the
media or in scholarly papers. Very rarely have they disclosed their
affiliations to the financial industry in their writing or in their
testimony in front of Congress, thus concealing a potential conflict
of interest.
... snip ...
"Inside Job" references how leading economists were captured similar
to the capture of the regulatory agencies.
https://en.wikipedia.org/wiki/Inside_Job_(2010_film) How Economists Turned Corporations into Predators
https://www.nakedcapitalism.com/2017/10/economists-turned-corporations-predators.html
Since the 1980s, business schools have touted "agency theory," a
controversial set of ideas meant to explain how corporations best
operate. Proponents say that you run a business with the goal of
channeling money to shareholders instead of, say, creating great
products or making any efforts at socially responsible actions such as
taking account of climate change. Many now take this view as gospel,
even though no less a business titan than Jack Welch, former CEO of
GE, called the notion that a company should be run to maximize
shareholder value "the dumbest idea in the world." Why did Welch say
that?
... snip ...
Politicians have caused a pay 'collapse' for the bottom 90 percent of
workers, researchers say
https://www.washingtonpost.com/business/2018/12/17/politicians-have-deliberately-eroded-workers-power-resulting-collapse-pay-bottom-percent-researchers-say/
Destruction of Middle Class
http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html
http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html
The Real Reason Wages Have Stagnated: Our Economy Is Optimized For
Financialization
http://www.zerohedge.com/news/2017-09-08/real-reason-wages-have-stagnated-our-economy-optimized-financialization
How GE, GM, Coca-Cola And Kodak Put Shareholders Ahead Of Employees
https://www.forbes.com/sites/stevedenning/2017/06/29/how-ge-gm-coca-cola-kodak-put-shareholders-ahead-of-employees/
from here (updated Aug2018)
http://www.epi.org/productivity-pay-gap/
Meet the Economist Behind the One Percent's Stealth Takeover of America
https://www.nakedcapitalism.com/2018/05/meet-economist-behind-one-percents-stealth-takeover-america.html
Bad Ideas; Reknowned economist James K. Galbraith, one of our expert panelists, pulls no punches in talking about the damage wrought by financial innovation
https://www.gfmag.com/magazine/june-2017/bad-ideas
Economists are arguing over how their profession messed up during the
Great Recession. This is what happened
https://www.washingtonpost.com/news/monkey-cage/wp/2017/04/12/economists-are-arguing-over-how-their-profession-messed-up-during-the-great-recession-this-is-what-happened/
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 ...
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 ...
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: The Post-IBM World Blog: Facebook Date: 30 Dec 2018re:
System/38 was greatly simplified FS sold into market that didn't need a lot of features and/or performance. Part of FS was that it could have five levels of storage access indirection. One of the final nails in the FS coffin was analysis by the IBM Houston Science Center, that if System/One (eastern airline res system) running on 370/195 was moved to the largest, fastest possible FS, it would have the throughput of 370/145 (about 30 times slowdown).
There was some amount of FS features that were total blue sky that
never got as far as having any implementation specification. FS was
divided into 12(13?) areas, At the time my wife reported to person in
charge of one of the areas. She has commented that several of the
other areas lacked anything remotely resembling implementation
specification ("where's the beef"). Lot more FS details
http://www.jfsowa.com/computer/memo125.htm
and
https://people.cs.clemson.edu/~mark/fs.html
Another S/38 FS simplification was that all disks were mapped into single, "single level store" filesystem ... with scatter allocation across (all) disks. As a result, the whole filesystem (all disks) had to be backed up as single entity ... and any problem (like single disk failure) required that the whole filesystem had to be restored as single entity ... claims were that System/38 with a couple disks took 24hrs to recover from single disk failure. Can you imagine a large installation with 300 disks might take months to recover (from something like single disk failure).
One of the San Jose engineers filed patent for raid disks 1977 ... and single disk failure was so catastrophic that S/38 became an early raid adopter.
AS/400 was follow-on for both S/36 & S/38 ... with some of the more esoteric S/38 features dropped.
S/38 trivia: my brother was regional Apple rep (largest physical region CONUS). When he came into town, I could be included in business dinners ... and argue about Apple MAC design with developers (before MAC was announced). My brother also figured out how to remotely dial into the company S/38 to track manufacturing and delivery schedules (Apple was using S/38 to run the business at that time).
1980 there was an effort to move a lot of systems and controllers to 801/RISC Iliad processors, 4361/4381, AS/400, controllers, etc. For various of reasons all of these efforts floundered and fell back to CISC chips (saw some number of engineers leaving IBM to risc efforts at other vendors). Decade later, there was joint Apple, IBM, Motorola (AIM) effort for 801/RISC Power/PC ... and AS/400 "finally" moves to 801/RISC
Future System posts
https://www.garlic.com/~lynn/submain.html#futuresys
801/risc posts
https://www.garlic.com/~lynn/subtopic.html#801
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: What Minimum-Wage Foes Got Wrong About Seattle Blog: Facebook Date: 30 Dec 2018re:
... some topic drift
There is book about national chamber of commerce was involved in heavy
lobbying increase around turn of century for congress to ignore
explosion in importing illegal workers. The book also cites some
number of local chapters severing relations with the national body
over their support for illegal workers and paying less than minimum
wages). "The Influence Machine: The U.S. Chamber of Commerce and the
Corporate Capture of American Life"
https://www.amazon.com/Influence-Machine-Commerce-Corporate-American-ebook/dp/B00NDTUDHA/
trivia: mid-90s, First Data was in competition with First Financial to buy Western Union. WU was in poor financial shape and FDC drops out. Later in the 90s, FDC and First Financial merge and FDC has to spin-off MoneyGram as part of the merger. With the enormous explosion in illegal workers being brought in by large companies after the turn of the century, there was corresponding explosion in WU revenue (workers sending their paychecks home). By 2005, the huge explosion in illegal workers has resulted in WU revenue explosion so that it equaled all other FDC revenue (aka half of FDC bottom line, had doubled total FDC revenue).
Possibly in part because the President of Mexico invited FDC executives to Mexico to be thrown in jail (for the egregious profits WU was making off illegal workers sending paychecks home), FDC spins off Western Union in 2005.
other trivia: FDC primary business in this period was banks outsourcing total/all credit card processing ... at this time FDC was handling all processing for something like 600M US credit cards (transactions, statements, payments, 1-800 call centers, etc, *ALL* processing). First Financial merger (not quite as large as FDC) had also brought with it the original (and still major) gift/merchant card processing.
Other triiva: First Financial original gift/merchant card implementation involved pair of (non-IBM) systems with one production and 2nd backup if the production system failed. The initial implementation had single "fixed" stored-value to start (which was then reduced by each purchase) and the initial pilot was for one of the large national gas stations. Well after 3 months they had a problem with the disks for both the production and backup systems ... which lost the current account balances. They had to recreate the disk filesystems and restore all accounts to max value (costing them what ever had been spent over the 3 month period). We were brought in for the after action analysis to identify all the problems and formulate how to prevent it happening again.
Now almost every merchant has stored-value gift/merchant cards.
even more trivia: In the late 90s, congress asked GAO do a study of effect of paying workers below living wage ... GAO report found it cost (city/state/federal) govs. avg $10K/worker/year .... basically worked out to an indirect gov. subsidy to their employers. The interesting thing is that it has been almost 20yrs since that report ... and no congress this century have asked the GAO to update the study.
FDC trivia: In 1992, AMEX spins off much of its financial & transaction outsourcing (including large IBM mainframe datacenters) in the largest IPO up until that time. Lots of the FDC executives had worked for the former AMEX president that becomes CEO of IBM.
other FDC trivia: around turn of the century, I do some performance work at a FDC datacenter, for cobal batch application that does account overnight settlement ... runnning >40 max. configured IBM mainframes (@$30+M/pop) ... number required to finish settlement in the overnight window (I got about 14% improvement, none of the mainframes older than 18months, constantly being upgraded).
... other drift, gold standard & economy
reference
https://www.garlic.com/~lynn/2018e.html#4
more detail from earlier 2012 post, "Gold Standard Good Or Bad",
financial crime risk, fraud and security blog
https://www.garlic.com/~lynn/2012e.html#53
references:
The Influence of Sea Power Upon History, 1660-1783 (A. T. Mahan), 1890,
http://www.gutenberg.org/ebooks/13529
loc1287-91:
The mines of Brazil were the ruin of Portugal, as those of Mexico and
Peru had been of Spain; all manufactures fell into insane contempt;
ere long the English supplied the Portuguese not only with clothes,
but with all merchandise, all commodities, even to salt-fish and
grain. After their gold, the Portuguese abandoned their very soil; the
vineyards of Oporto were finally bought by the English with Brazilian
gold, which had only passed through Portugal to be spread throughout
England.
... snip ...
Lords of Finance: The Bankers Who Broke the World
https://www.amazon.com/Lords-Finance-Bankers-Broke-ebook/dp/B001QIGZEK/
it somewhat discusses end of 1800s up through start of start of WW2 to provide setting for the Great Depression. It references gold standard put a cap on central banks arbitrarily printing money ... and worked well from end of 1800s up through part of WW1 ... because the production of new gold approximately kept pace with the expansion of world economy. However, it pointed out that was somewhat a fortunate coincidence.
US went into WW1 with something like half the gold reserves of England. England lost about half its gold reserves with the spending on WW1 and US came out of WW1 with at least five times the gold reserves (because all European purchases and loans). As a result there was enormous mismatch.
inequality posts
https://www.garlic.com/~lynn/submisc.html#inequality
AMEX, Private Equity, IBM related Gerstner posts
https://www.garlic.com/~lynn/submisc.html#gerstner
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From: Anne & Lynn Wheeler <lynn@garlic.com> Subject: As a grocery chain is dismantled, investors recover their money. Worker pensions are short millions. Blog: Facebook Date: 31 Dec 2018As a grocery chain is dismantled, investors recover their money. Worker pensions are short millions.
private equity notorious for extracting every cent possible, over half
corporate debt defaults are companies involved in PE-mill. Somewhat
like house-flipping but they put 100% leverage buyout loan on the
books of the bought company. If the company is subsequent resold,
instead of paying off the debt, it goes with the sold company (they
can even resell for less than they paid, and still walk away with boat
load of money). The heavy debt load quaranteed to bring down lots of
companies (surprising all the debt defaults don't affect the credit
rating of the original PE borrower).
http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?_r=0
private equity posts
https://www.garlic.com/~lynn/submisc.html#private.equity
pension posts
https://www.garlic.com/~lynn/submisc.html#pensions
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