List of Archived Posts

2008 Newsgroup Postings (09/12 - 10/05)

Blinkylights
IBM celebrates forgotten supercomputer
Blinkylights
Blinkylights
Michigan industry
Michigan industry
Michigan industry
Michigan industry
Taxcuts
Taxcuts
Blinkylights
Blinkylights
Blinkylights
Michigan industry
Blinkylights
Blinkylights
VMware Chief Says the OS Is History
Michigan industry
VMware Chief Says the OS Is History
Blinkylights
Michigan industry
Michigan industry
VMware Chief Says the OS Is History
Michigan industry
Blinkylights
Blinkylights
Blinkylights
VMware Chief Says the OS Is History
Blinkylights
Blinkylights
Macs for security (now, with new improved NSA hardening tips!)
Blinkylights
VMware Chief Says the OS Is History
Blinkylights
Builders v. Breakers
Builders V. Breakers
Builders V. Breakers
Success has many fathers, but failure has the US taxpayer
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Wrapping up the FBEMBA
Success has many fathers, but failure has the US taxpayer
VMware Chief Says the OS Is History
Blinkylights
VMware Chief Says the OS Is History
VMware Chief Says the OS Is History
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Mobile Payment/All-in-One Card
Virtualization Adopters Hit The Tipping Point
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
VMware Chief Says the OS Is History
The Digital Dark Age or.....Will Google live for ever?
Baudot code direct to computers?
Technology and the current crisis
Your thoughts on the following comprehensive bailout plan please
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
VMware Chief Says the OS Is History
VMware renders multitasking OSes redundant
Traditional Approach Won't Take Businesses Far Places
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Costing for IT Services
VMware Chief Says the OS Is History
VMware Chief Says the OS Is History
To what extent do IP networks meet the stringent requirements of High Availability (HA) where the target performance is 99.999%? What performance is obtained in practice
VMware Chief Says the OS Is History
Whether, in our financial crisis, the prize for being the biggest liar is
The 50 most significant moments of Internet history
VMware Chief Says the OS Is History
VMware Chief Says the OS Is History
Another quiet week in finance
Could you please tell me about RADIUS authentication and how it works?
Clickjacking -- the new browser wipe-out
Why was Sarbanes-Oxley not good enough to sent alarms to the regulators about the situation arising today?
In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Why can't we analyze the risks involved in mortgage-backed securities?
Should online transactions be allowed on credit cards without adequate safeguards?
VMware Chief Says the OS Is History
Power sources
Isn't it the Federal Reserve role to oversee the banking system??
Google Data Centers 'The Most Efficient In The World'
Why did Sox not prevent this financal crises?
Sea level
Fraud in financial institution
Sea level
Sea level
VMware Chief Says the OS Is History
Blinkylights
STUDY: Lights Out In 2009?
Blinkylights
Blinkylights
Credit Card Security
How did http get a port number as low as 80?
How did http get a port number as low as 80?
How did http get a port number as low as 80?
Blinkylights
Blinkylights
Wachovia Bank web site
Blinkylights
Houses
Blinkylights
Wachovia Bank web site
Blinkylights

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 12 Sep 2008 10:08:56 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
Part of this is past references to Buffett having been the largest freddie shareholder in 2000/2001 and then got out GSEs because of their accounting methods ... and GSEs also doing heavily leveraged investments into CDOs ... outside of their nominal charter of directly dealing in (specific quality) mortgages.

CBS has recent news item about GSE mess and powerful friends. The accounting methods freddie cooked the books inflating profit by $10b to boost executive bonus ... and in 2004 was fined $400m. The head executive was replaced ... but allowed to keep $60m (of the $90m). The current two top executives of freddie & fannie are out ... but keep $30m. At one point freddie had more lobbyists working for them than employees.

where was SOX in all this?

business news show this morning are wringing hands about gov. negotiations for Lehman bailout ... claiming that Lehman had 6months after Bear bail-out to get house in order. Since they didn't ... this is starting to look more and more like moral hazard .... no consequences and accountability for risky behavior resulting in increasing risky behavior, another kind of play on the "Peter Pan" reference at financial cryptography blog, never having to grow up and face consequence, aka treating financial industry executives as if they are minors and not adults
https://financialcryptography.com/mt/archives/001095.html

recent references mentioning GSE accounting methods:
http://www.garlic.com/~lynn/2008m.html#75 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#76 When risks go south: FM&FM to be nationalized
http://www.garlic.com/~lynn/2008m.html#78 When risks go south: FM&FM to be nationalized
http://www.garlic.com/~lynn/2008m.html#80 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#83 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#86 WSJ finds someone to blame.... be skeptical, and tell the WSJ to grow up
http://www.garlic.com/~lynn/2008m.html#87 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#92 Blinkylights

recent references mentioning moral hazard
http://www.garlic.com/~lynn/2008g.html#64 independent appraisers
http://www.garlic.com/~lynn/2008j.html#71 lack of information accuracy
http://www.garlic.com/~lynn/2008j.html#76 lack of information accuracy
http://www.garlic.com/~lynn/2008k.html#16 dollar coins
http://www.garlic.com/~lynn/2008l.html#51 Monetary affairs on free reign, but the horse has Boulton'd
http://www.garlic.com/~lynn/2008l.html#67 dollar coins
http://www.garlic.com/~lynn/2008m.html#83 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#86 WSJ finds someone to blame.... be skeptical, and tell the WSJ to grow up

misc. past posts mentioning SOX
http://www.garlic.com/~lynn/2008.html#4 folklore indeed
http://www.garlic.com/~lynn/2008.html#71 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008.html#78 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008b.html#26 folklore indeed
http://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008f.html#86 Banks failing to manage IT risk - study
http://www.garlic.com/~lynn/2008g.html#17 Hannaford breach illustrates dangerous compliance mentality
http://www.garlic.com/~lynn/2008j.html#64 lack of information accuracy
http://www.garlic.com/~lynn/2008k.html#20 IBM's 2Q2008 Earnings

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

IBM celebrates forgotten supercomputer

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: IBM celebrates forgotten supercomputer
Newsgroups: alt.folklore.computers
Date: Fri, 12 Sep 2008 14:01:45 -0400
IBM celebrates forgotten supercomputer
http://www.techworld.com/opsys/news/index.cfm?newsid=104356&pagtype=all

from above:
It was fifty years ago this week that IBM built the Stretch supercomputer, and IBM marked the event on Thursday with a retrospective at the Computer History Museum in Mountain View, California, attended by three of the system's pioneers: Fred Brooks, Fran Allen and Harwood Kolsky.

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 12 Sep 2008 18:38:20 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
CBS had recent news item about GSE mess and powerful friends. The accounting methods freddie cooked the books inflating profit by $10b to boost executive bonus ... and in 2004 was fined $400m. The head executive was replaced ... but allowed to keep $60m (of the $90m). The current two top executives of freddie & fannie are out ... but keep $30m. At one point freddie had more lobbyiests working for them than employees.

where was SOX in all this?


re:
http://www.garlic.com/~lynn/2008n.html#0 Blinklights

there have been references to increasing number of CEOs cooking books to pump up financial statements to really boost bonuses and then filing restatements later (and don't have to return the bonus).

past posts mentioning GAO creating database of increasing numbers of filing restatements
http://www.garlic.com/~lynn/2008f.html#96 Bush - place in history
http://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#1 The Workplace War for Age and Talent
http://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
http://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings

again, where was SOX?

recent other references to bonuses
http://www.garlic.com/~lynn/2008f.html#76 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#52 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#66 independent appraisers
http://www.garlic.com/~lynn/2008h.html#42 The Return of Ada
http://www.garlic.com/~lynn/2008i.html#4 A Merit based system of reward -Does anybody (or any executive) really want to be judged on merit?
http://www.garlic.com/~lynn/2008k.html#11 dollar coins
http://www.garlic.com/~lynn/2008m.html#26 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#83 Fraud due to stupid failure to test for negative

possibly helps account for the ratio of executive compensation to worker compensation having ballooned to 400:1 ... after having been 20:1 (and 10:1 in most of the rest of the world)
http://www.garlic.com/~lynn/2008i.html#73 Should The CEO Have the Lowest Pay In Senior Management?
http://www.garlic.com/~lynn/2008j.html#24 To: Graymouse -- Ireland and the EU, What in the H... is all this about?
http://www.garlic.com/~lynn/2008j.html#76 lack of information accuracy
http://www.garlic.com/~lynn/2008k.html#71 Cormpany sponsored insurance
http://www.garlic.com/~lynn/2008m.html#25 Taxes
http://www.garlic.com/~lynn/2008m.html#33 Taxes
http://www.garlic.com/~lynn/2008m.html#53 Are family businesses unfair competition?
http://www.garlic.com/~lynn/2008m.html#93 What do you think are the top characteristics of a good/effective leader in an organization? Do you feel these characteristics are learned or innate to an individual?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 12 Sep 2008 19:02:46 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
that the current credit crisis (in large part fueled with funds from triple-A rated, toxic CDOs ... and with the problems widely known and understood) ... was allowed to happen ... would strongly imply backing by powerful interests ... including the fueling the home-owner market speculation (basically allowing the home-owners market to be treated like the unregulated 1920s stock market).

re:
http://www.garlic.com/~lynn/2008m.html#99 Blinkylights
http://www.garlic.com/~lynn/2008n.html#0 Blinkylights

so with "Peter Pan" a theme for "moral hazard" bailouts; they never grew up, so they aren't adults and therefor can't be held responsible
http://www.garlic.com/~lynn/2008n.html#0 Blinkylights

then "Winnie The Pooh" can be a theme for all those that dealt in triple-A rated, toxic CDOs ... i.e. pooh bear's periodic refrain about being a bear of "Very Little Brain" (or sometimes, "No Brain at All", i.e. single-digit IQs, the corollary would be the periodic articles over the past couple decades about the dumbing of america).
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights
http://www.garlic.com/~lynn/2008m.html#99 Blinkylights
and
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/


a cross-over between "Peter Pan" and "Winnie the Pooh" is that those with single-digit IQs also aren't held responsible.

past post mentioning the "dumbing of america":
http://www.garlic.com/~lynn/2007l.html#50 Scholars needed to build a computer history bibliography

This outlines declining world role by 2025
http://odni.gov/speeches/20080904_speech.pdf

some other topic drift from above:
And even with the climate change, it is not a good time to live in the Southwest because it runs out of water and looks like the Dust Bowl. It is not a good time to be along the Atlantic seaboard, particularly in the South because of the projected increase and intensity and severity and frequency of severe weather -- more hurricanes, more serious storms, and so forth. And kind of practical problems -- I think the number is 63 military installations that are in danger of being flooded by storm surges. The number of nuclear power plants that are so similarly vulnerable is almost as high.

... snip ...

other posts mentioning (declining) educational ranking
http://www.garlic.com/~lynn/2004b.html#38 The SOB that helped IT jobs move to India is dead!
http://www.garlic.com/~lynn/2007j.html#58 IBM Unionization
http://www.garlic.com/~lynn/2007u.html#78 Education ranking
http://www.garlic.com/~lynn/2007u.html#80 Education ranking
http://www.garlic.com/~lynn/2007u.html#82 Education ranking
http://www.garlic.com/~lynn/2007v.html#10 About 1 in 5 IBM employees now in India - so what ?
http://www.garlic.com/~lynn/2007v.html#16 Education ranking
http://www.garlic.com/~lynn/2007v.html#19 Education ranking
http://www.garlic.com/~lynn/2007v.html#20 Education ranking
http://www.garlic.com/~lynn/2007v.html#38 Education ranking
http://www.garlic.com/~lynn/2007v.html#39 Education ranking
http://www.garlic.com/~lynn/2007v.html#44 Education ranking
http://www.garlic.com/~lynn/2007v.html#45 Education ranking
http://www.garlic.com/~lynn/2007v.html#51 Education ranking
http://www.garlic.com/~lynn/2007v.html#71 Education ranking
http://www.garlic.com/~lynn/2008.html#52 Education ranking
http://www.garlic.com/~lynn/2008.html#55 Education ranking
http://www.garlic.com/~lynn/2008.html#60 Education ranking
http://www.garlic.com/~lynn/2008.html#62 competitiveness
http://www.garlic.com/~lynn/2008.html#81 Education ranking
http://www.garlic.com/~lynn/2008.html#83 Education ranking
http://www.garlic.com/~lynn/2008b.html#13 Education ranking
http://www.garlic.com/~lynn/2008c.html#56 Toyota Beats GM in Global Production
http://www.garlic.com/~lynn/2008i.html#65 How do you manage your value statement?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Sat, 13 Sep 2008 10:51:17 -0400
jmfbahciv <jmfbahciv@aol> writes:
It was union actions that prevented computerizing the manufacturing piece of the industry. Retooling and reacting to the market takes at least a half decade. By the time a reaction to a market change is in production, the market has changed to something else.

i got to attend some of the C4 meetings ... supposedly to remake US automobile industry to be more competitive ... as i've repeated before it had a very Boyd OODA-loop theme ... statements that the US industry was on 7-8yr product cycle while foreign competition had moved to 3yrs and getting shorter. This was separate from various quality issues. It wasn't that the US auto industry wasn't aware of the issues ... it was more like the existing infrastructure was so thoroughly fossilized at all levels ... it was nearly impossible to adapt.

It was also in the period that the commerce department was sponsoring meetings about HDTV ... that the level of technology and volumes in HDTV ... if captured by foreign competition ... would (also) allow them to dominate the whole high-tech industry. The volumes of consumer electronics was enabling much greater investment in R&D and advances ... allowing to surpass traditional advanced technology operations.

It was also in the period where there was increasing public press articles about dumbing of america.

Much of that focus was then temporarily overshadowed by the internet bubble (which was largely enabled by non-native-born individuals).

misc. past posts mentioning Boyd &/or OODA-loops
http://www.garlic.com/~lynn/subboyd.html#boyd

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Sat, 13 Sep 2008 11:39:43 -0400
Larry Elmore <lelmore@verizon.nospam.net> writes:
No, he's fine with that as long as it's the *right* politicians running it. That means, of course, that the /wrong/ politicians are kept from ever touching it, which has some rather, erm, /interesting/ implications for everyone that doesn't belong to the Party.

part of it has been about the degree, extent and how far down into organizations that political consideration dominate job qualifications. if most of the positions are still filled primarily based on job qaulifications ... then there can still be an effective organization. there is qualitative difference when political considerations begin to dominate job qualifications at all levels in organizations ... then things get to be real problem.

university departments have been documented as having similar problems analogous to political affiliation in gov. agencies.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Sun, 14 Sep 2008 10:00:49 -0400
jmfbahciv <jmfbahciv@aol> writes:
There was a model made in the US with no union interference; I can't remember the name, Saturn? Compare its success at that time with all other US models. People here seem to also forget that Hondas are manufactured in the US.

re:
http://www.garlic.com/~lynn/2008n.html#4 Michigan industry
http://www.garlic.com/~lynn/2008n.html#5 Michigan industry

a couple archived posts in a boyd blog (thread on Toyota and US automobile industry)
http://www.garlic.com/~lynn/2008m.html#52 Are family businesses unfair competition?
http://www.garlic.com/~lynn/2008m.html#53 Are family businesses unfair competition?

and a 3rd (unarchived) post in the same thread:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aotYtbPxfOe4&refer=home

from above:
GM dropped 20 percent and Ford was down 27 percent. Each further pared production plans for the rest of the year. Deliveries at their main Japanese rivals, Toyota Motor Corp. and Honda Motor Co., fell less than 10 percent.

... snip ...

note that this is also coming off a year where both GM and Ford had massive losses ... while Toyota and Honda showed profits.

Honda reports record profit
http://www.foxnews.com/story/2008/07/25/honda-reports-record-profit-after-ford-suffers-huge-loss
Ford posts eye-popping loss
http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080724-Toyota-Outsells-GM-Ford-Posts-Eye-Popping-Loss/

... end

While Ford and GM showing massive losses last year ... both Toyota and Honda showed profits ... Honda even reporting record profit

other posts mentioning Boyd &/or OODA-loops
http://www.garlic.com/~lynn/subboyd.html#boyd

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Sun, 14 Sep 2008 13:16:22 -0400
jmfbahciv <jmfbahciv@aol> writes:
Things have become so bad in Mass. that people would be happy if the unqualified people simply showed up for work.

re:
http://www.garlic.com/~lynn/2008n.html#5 Michigan industry

however, there are executives that know what they are doing and there are executives that don't know what they are doing ... but the worst are the executives that (at least) act like they know what they are doing ... and organization that might otherwise be effective would be better off if such executives just never bothered to show up ... old reference:
http://www.garlic.com/~lynn/2002m.html#18 Do any architectures use instruction count instead of timer

these tend to be the ones that misstate profits in quarterly reports to inflate their bonuses (which hasn't just been limited to GSEs)
http://www.garlic.com/~lynn/2008n.html#0 Blinkylights
http://www.garlic.com/~lynn/2008n.html#2 Blinkylights

there is also the line about heads rolling up hill (hoping to promote people to a position where they can no longer directly interfer with getting work done) ... post references
http://www.garlic.com/~lynn/2000.html#91 Ux's good points.
http://www.garlic.com/~lynn/2001.html#29 Review of Steve McConnell's AFTER THE GOLD RUSH
http://www.garlic.com/~lynn/2007.html#22 MS to world: Stop sending money, we have enough - was Re: Most ... can't run Vista
http://www.garlic.com/~lynn/2007.html#26 MS to world: Stop sending money, we have enough - was Re: Most ... can't run Vista
http://www.garlic.com/~lynn/2008m.html#41 IBM--disposition of clock business

and the corollary boyd's line about having to choose between doing and taking credit for doing
http://www.garlic.com/~lynn/2000e.html#35 War, Chaos, & Business (web site), or Col John Boyd
http://www.garlic.com/~lynn/2007.html#20 MS to world: Stop sending money, we have enough - was Re: Most ... can't run Vista
http://www.garlic.com/~lynn/2007h.html#74 John W. Backus, 82, Fortran developer, dies
http://www.garlic.com/~lynn/2007j.html#61 Lean and Mean: 150,000 U.S. layoffs for IBM?
http://www.garlic.com/~lynn/2007j.html#77 IBM Unionization
http://www.garlic.com/~lynn/2007k.html#3 IBM Unionization
http://www.garlic.com/~lynn/2007k.html#5 IBM Unionization
http://www.garlic.com/~lynn/2007n.html#4 the Depression WWII
http://www.garlic.com/~lynn/2007n.html#44 the Depression WWII
http://www.garlic.com/~lynn/2008b.html#45 windows time service
http://www.garlic.com/~lynn/2008m.html#30 Taxes

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Taxcuts

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Taxcuts
Newsgroups: alt.folklore.computers
Date: Mon, 15 Sep 2008 10:11:50 -0400
US in 'once-in-a-century' financial crisis : Greenspan
http://afp.google.com/article/ALeqM5i6u55aefaUf_RXJC4-5kcva-gyWQ

from above:
In an interview with Bloomberg Television Friday, Greenspan said the nation could not afford 3.3 trillion dollars of tax cuts proposed by McCain without matching cuts in spending

Greenspan, a long-time friend of McCain and a Republican, said about the Arizona senator's plans to extend massive tax cuts imposed by President George W. Bush: "I'm not in favor of financing tax cuts with borrowed money."


... snip ...

there have been a number of programs looking at tax-related campaign statements from both parties ... and advise that they should be taken as campaign statements. One of the things looked at was earmarks and they could come up with only about $30billion that would realistic had some chance of being cut ... but that it is only one percent of the $3.3tril.

this is has been the kind of theme by the comptroller general (appointed in the 90s by the former administration) over the past couple years ... that nobody in congress for the past 50yrs has been capable of simple middle school arithmatic ... things like drug program being $40trillion unfunded mandate (60-mins had segment on the machinations that was used to shepherd the legislation thru congress ... and by 18mths later all the major participants, congressmen and staffers, were working for drug companies).

past comptroller general references (about budget):
http://www.garlic.com/~lynn/2006f.html#41 The Pankian Metaphor
http://www.garlic.com/~lynn/2006f.html#44 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#9 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#14 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#27 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#2 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#3 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#4 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#17 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#19 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#33 The Pankian Metaphor
http://www.garlic.com/~lynn/2006o.html#61 Health Care
http://www.garlic.com/~lynn/2006p.html#17 Health Care
http://www.garlic.com/~lynn/2006r.html#0 Cray-1 Anniversary Event - September 21st
http://www.garlic.com/~lynn/2006t.html#26 Universal constants
http://www.garlic.com/~lynn/2007j.html#20 IBM Unionization
http://www.garlic.com/~lynn/2007j.html#91 IBM Unionization
http://www.garlic.com/~lynn/2007k.html#19 Another "migration" from the mainframe
http://www.garlic.com/~lynn/2007o.html#74 Horrid thought about Politics, President Bush, and Democrats
http://www.garlic.com/~lynn/2007p.html#22 U.S. Cedes Top Spot in Global IT Competitiveness
http://www.garlic.com/~lynn/2007q.html#7 what does xp do when system is copying
http://www.garlic.com/~lynn/2007s.html#1 Translation of IBM Basic Assembler to C?
http://www.garlic.com/~lynn/2007t.html#13 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007t.html#14 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007t.html#15 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007t.html#24 Translation of IBM Basic Assembler to C?
http://www.garlic.com/~lynn/2007t.html#25 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007t.html#33 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007t.html#35 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2007v.html#26 2007 Year in Review on Mainframes - Interesting
http://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?
http://www.garlic.com/~lynn/2008d.html#40 Computer Science Education: Where Are the Software Engineers of Tomorrow?
http://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
http://www.garlic.com/~lynn/2008f.html#86 Banks failing to manage IT risk - study
http://www.garlic.com/~lynn/2008g.html#1 The Workplace War for Age and Talent
http://www.garlic.com/~lynn/2008h.html#3 America's Prophet of Fiscal Doom
http://www.garlic.com/~lynn/2008h.html#26 The Return of Ada
http://www.garlic.com/~lynn/2008i.html#98 dollar coins

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Taxcuts

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Taxcuts
Newsgroups: alt.folklore.computers
Date: Mon, 15 Sep 2008 12:07:10 -0400
John Byrns <byrnsj@sbcglobal.net> writes:
Ignoring "taxcuts" for the rich for the moment, how can you cut taxes for the poor when they don't pay taxes in the first place?

re:
http://www.garlic.com/~lynn/2008n.html#8 Taxcuts

comptroller general reference mentionined in the above:
http://www.garlic.com/~lynn/2006f.html#43 The Pankian Metaphor

the above references personal income tax paid:
http://www.house.gov/jec/publications/109/Research%20Report_109-20.pdf
http://www.house.gov/jec/publications/109/rr1094tax.pdf

from those reports in similar thread from spring of '06
Percentials ranked AGI Threshhold Percentage of by AGI on Percentiles Fed. personal income tax paid Top 1% $295,495 34.27% Top 5% $130,080 54.36% Top 10% $94,891 65.84% Top 25% $57,343 83.88% Top 50% $29,019 96.54% Bottom 50% <$29,019 3.46%

... snip ...

previous comment in the reference referred to "1984" redefining what words mean ... like using the federal income infrastructure to distribute funds (i.e. effectively a "negative" tax ... which isn't a tax ... just a social program funds distribution).

I haven't checked to see if there is updated numbers since 2006 ... but i wouldn't expect that they changed significantly.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Mon, 15 Sep 2008 14:04:57 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
CBS had recent news item about GSE mess and powerful friends. The accounting methods freddie cooked the books inflating profit by $10b to boost executive bonus ... and in 2004 was fined $400m. The head executive was replaced ... but allowed to keep $60m (of the $90m). The current two top executives of freddie & fannie are out ... but keep $30m. At one point freddie had more lobbyists working for them than employees.

re:
http://www.garlic.com/~lynn/2008n.html#0 Blinkylights

re:
Fannie, Freddie Regulator Blocks 'Golden Parachutes' for CEOs
http://www.bloomberg.com/apps/news?pid=20601087
http://www.bloomberg.com/apps/news?pid=20601087&sid=auug.npwKdPE&refer=home


a couple questions ... 1) will they really be blocked and 2) is this because of all the current publicity (differentiating it from past treatment).

comments about inflated financial statements appears to have become well used mechanism to boost executive bonuses:
http://www.garlic.com/~lynn/2008n.html#2 Blinkylights

and enormous lobbying effort ... at one point freddie supposedly had more lobbyists than employees.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Mon, 15 Sep 2008 14:11:01 -0400
Walter Bushell <proto@panix.com> writes:
Way back in 1974 among the people at John Hopkins' Research industry the standard gag was "What's a 100K house -- a 50K (developer name) house that's built right."

re:
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights

citing gov. source about increasing storm severity and increasing damage.

there was an item a couple years ago about that majority of housing in some of the Caribbean islands had been destroyed in some storm or another ... and were suggesting a new kind of bldg ... that was significantly better at surviving storms. they looked something like large concrete igloos ... the curved walls survived extremely high wind much better than traditional flat walls. much of it was prefab manufacturing and large numbers could be deployed very quickly.
http://www.garlic.com/~lynn/2005d.html#42 Thou shalt have no other gods before the ANSI C standard

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Mon, 15 Sep 2008 15:34:52 -0400
re:
http://www.garlic.com/~lynn/2008n.html#0 Blinkylights

I've seen no reference that he still direct hand in any of this ... but note that Lehman (at least so far) didn't survive the weekend discussions.

for other citibank involvement

Citibank chairman tells Sibos: "The worst may be yet to come"
http://www.finextra.com/fullstory.asp?id=18985

from above:
On the day that the investment banking industry lurched closer to disaster following announcements from Wall Street, Bill Rhodes, Citibank chairman, told Sibos delegates that the worst could be yet to come, adding that "we are currently in the eye of the storm".

... snip ...

past stories was that Citibank was at the center of creating the current situation and so far has had the largest write-downs from (formally) triple-A rated toxic CDOs ... and may have significant more in some trillion plus held offbalanace

past references to citibank being at the center of creating the current siutation (repeal of Glass-Steagall that had been passed in the wake of crash of '29 to keep the safety&soundness of regulated banking separate from the risky unregulated investment banking):
http://www.garlic.com/~lynn/2008f.html#13 independent appraisers
http://www.garlic.com/~lynn/2008f.html#46 independent appraisers
http://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
http://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#66 independent appraisers
http://www.garlic.com/~lynn/2008h.html#89 Credit Crisis Timeline
http://www.garlic.com/~lynn/2008k.html#36 dollar coins
http://www.garlic.com/~lynn/2008k.html#41 dollar coins
http://www.garlic.com/~lynn/2008l.html#67 dollar coins
http://www.garlic.com/~lynn/2008l.html#70 dollar coins
http://www.garlic.com/~lynn/2008m.html#16 Fraud due to stupid failure to test for negative

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Tue, 16 Sep 2008 09:26:58 -0400
Walter Bushell <proto@panix.com> writes:
Who agreed to the pensions and decided *not* to fund them?

pay-as-you-go (out of current operating revenue) ... instead of fully-funded has been major pain ... it was major issue in steel companies declaring bankruptcy.

scenario is some percent of operating revenue is available for pension benefits. in pay-as-you-go ... in a growing economy (especially with baby-boomers coming to age) ... the number of workers and size of business is increasing ... increasing business activity is much larger than the current number of retirees. pay-as-you-go in such situation allows pension benefits per retiree to be pegged at a much larger number. I would expect the retirees and older workers would much prefer the larger benefits from pay-as-you-go (effectively taking advantage of the young baby boomer population bubble entering the labor & consumer market).

business drops off and the number of workers are reduced ... doesn't reduce the amount of pension benefits in pay-as-you-go (number of retirees hasn't changed). for steel industry ... some companies hit a point where pension benefits got to be one of their largest expense and several companies declared backruptcy to get out from under the pension burden. recent posts about pension benefit guaranty corp getting stuck with a lot of these retirement benefits:
http://www.garlic.com/~lynn/2007j.html#91 IBM Unionization
http://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008b.html#38 What do YOU call the # sign?

business downturn can because of wide variety of economic conditions ... and/or it can be systemic issue of baby boomer bubble moving from the labor market into retirement.

consumer business flattens out and/or starts to decline ... baby boomer bubble has matured and the number in the following generation is smaller. the pension expense as percentage of operating revenue starts to balloon ... number of baby boomer retirees is four times previous generation ... along with flat or declining business .... can mean that either benefits per retiree has to be cut by factor of 8-10 ... or total pension benefits as percentage of operating revenue increases by factor of 8-10.

effectively pay-as-you-go pensions (out of current operating revenue) only worked in period with rapidly expanding business/economy ... as consequence of large population baby boomer bubble entering the market. The significantly increased benefits for retirees as baby boomers moved into labor market ... is effectively inverted as baby boomer bubble moves out of the labor market and into retirement (fairly predictable systemic event ... independent of other kinds of economic conditions).

some discussion of baby boomers increasing retiree population by factor of four while following generation is only half as large (change in ratio of workers to retirees by factor of eight):
http://www.garlic.com/~lynn/2008f.html#99 The Workplace War for Age and Talent
http://www.garlic.com/~lynn/2008g.html#1 The Workplace War for Age and Talent
http://www.garlic.com/~lynn/2008g.html#5 The Workplace War for Age and Talent

other past posts mentioning problems of not having fully funded pensions and/or the baby boomer bubble moving out of the labor market into retirement.
http://www.garlic.com/~lynn/2004b.html#9 A hundred subjects: 64-bit OS2/eCs, Innotek Products,
http://www.garlic.com/~lynn/2004l.html#30 I am an ageing techy, expert on everything. Let me explain the
http://www.garlic.com/~lynn/2004l.html#37 I am an ageing techy, expert on everything. Let me explain
http://www.garlic.com/~lynn/2004l.html#39 I am an ageing techy, expert on everything. Let me explain
http://www.garlic.com/~lynn/2006f.html#41 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#35 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#36 The Pankian Metaphor
http://www.garlic.com/~lynn/2006o.html#61 Health Care
http://www.garlic.com/~lynn/2007j.html#93 IBM Unionization
http://www.garlic.com/~lynn/2008.html#65 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008c.html#69 Toyota Beats GM in Global Production
http://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
http://www.garlic.com/~lynn/2008f.html#46 independent appraisers
http://www.garlic.com/~lynn/2008f.html#52 independent appraisers
http://www.garlic.com/~lynn/2008h.html#3 America's Prophet of Fiscal Doom
http://www.garlic.com/~lynn/2008h.html#26 The Return of Ada
http://www.garlic.com/~lynn/2008h.html#57 our Barb: WWII
http://www.garlic.com/~lynn/2008i.html#98 dollar coins
http://www.garlic.com/~lynn/2008k.html#30 dollar coins
http://www.garlic.com/~lynn/2008k.html#33 dollar coins
http://www.garlic.com/~lynn/2008l.html#37 dollar coins
http://www.garlic.com/~lynn/2008m.html#3 Medical care

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Tue, 16 Sep 2008 10:25:12 -0400
greymaus <greymausg@mail.com> writes:
Unexplained in the present messes. Most of these institutions have boards of management, some of which would be representatives of pension funds, or other banks.

re:
http://www.garlic.com/~lynn/2008n.html#10 Blinkylights

winnie the pooh reference? ...
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights

for other than pooh bears ... toxic CDOs had been used two decades ago in the S&L crisis to obfuscate the underlying values (sell off stuff that wouldn't otherwise sell)

long-winded, decade old post discussing several of the current issues
http://www.garlic.com/~lynn/aepay3.htm#riskm

related recent comment:
http://www.garlic.com/~lynn/2008m.html#26 Fraud due to stupid failure to test for negative

this mentions GSE documents from 2006, where GSE executives were bragging about their brilliant/wonderful strategy moving into subprime toxic CDOs
http://www.garlic.com/~lynn/2008m.html#12 Fraud due to stupid failure to test for negative

and this reference raises the question how could the whole industry believe that toxic CDOs are worth more than the sum of the parts ... aka how is it it possible that a large number of subprime mortgages, collectively turn into triple-A rating:
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights

or how did it happen for speculators to sneak into the home owner market and treat it like the 1920s unregulated stock market
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Tue, 16 Sep 2008 13:39:06 -0400
re:
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights

some additional drift to "how to lie with statistics"

is recent (unarchived) post to Boyd blog in the thread: Did Boyd hate statistics?

lynn wrote:
My impression wasn't that Boyd hated statistics ... but he didn't like some of the ways that they were used. One of the example "problems" that he cited in briefings was early heads-up display in F16 ... that would scroll numbers ... in fast tempo environment it was taking the pilot too long to translate the scrolling numbers into meaning.

We saw something analogous with early Basel-II. Basel has had quantitative (statistical) analysis for some time. A new "qualitative" section was introduced in the original Basel-II draft ... effectively requiring demonstration of understanding what the processes actually were. However, during the review process ... the qualitative section was almost totally eliminated (a caustic view could be that statistics were substituted for understanding).


a scenario when statistics have been substituted for understanding, it would be possible to use statistics that had very little relationship to the topic of interest (say little or no correlation) ... and a lot of people wouldn't even realize there was a problem.

somewhat related post:
http://www.garlic.com/~lynn/2008n.html#14 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Tue, 16 Sep 2008 22:39:21 -0400
VMware Chief Says the OS Is History
http://www.pcworld.com/businesscenter/article/151147/vmware_chief_says_the_os_is_history.html

from above:
VMware's CEO made his pitch on Tuesday for a new type of operating system for the data center, and in the process assigned the "traditional OS" to the dustbin of history.

... snip ...

pitch goes on to say that most of the new generation of software doesn't exist yet ... but this has been a repeated theme over the past year or so ... including reference to various kinds of things called virtual appliances.

misc. references:
http://www.garlic.com/~lynn/2007m.html#67 Operating systems are old and busted
http://www.garlic.com/~lynn/2007o.html#3 Hypervisors May Replace Operating Systems As King Of The Data Center
http://www.garlic.com/~lynn/2007q.html#25 VMware: New King Of The Data Center?
http://www.garlic.com/~lynn/2007s.html#4 Why do we think virtualization is new?
http://www.garlic.com/~lynn/2007u.html#39 New, 40+ yr old, direction in operating systems
http://www.garlic.com/~lynn/2007u.html#41 New, 40+ yr old, direction in operating systems
http://www.garlic.com/~lynn/2008h.html#97 Is virtualization diminishing the importance of OS?
http://www.garlic.com/~lynn/2008l.html#14 recent mentions of 40+ yr old technology
http://www.garlic.com/~lynn/2008l.html#21 recent mentions of 40+ yr old technology
http://www.garlic.com/~lynn/2008m.html#67 Is Virtualisation a Fad?
http://www.garlic.com/~lynn/2008m.html#68 New technology trends?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 09:23:56 -0400
CBFalconer <cbfalconer@yahoo.com> writes:
Maybe that word should be 'invested'. Or do you think the funds should buy gold coins and bury them for future use?

re:
http://www.garlic.com/~lynn/2008n.html#13 Michigan industry

the money has been spent ... its gone ... its like people removing money from 401k early and spending it. bail-out plans for impending SS (disaster) shortfall revenue ... are about 1) increasing annual revenue to match annual benefits ("pay-as-you-go") and 2) decreasing annual benefits to match annual revenue ("pay-as-you-go"). congress has also obfuscated social security as a retirement plan in other ways ... for instance lumping non-retirement benefits under social security.

recent article:
The only way to fix Social Security
http://money.cnn.com/2008/08/20/news/economy/social_security_election/


from above:
If lawmakers wait until 2017 to make changes to Social Security, their options for making relatively painless ones will shrink, since a large portion of the 78 million Boomers will have started receiving benefits. "You're probably not going to change the benefit of someone already retired," Gebhardtsbauer said.

Their options will be further constrained by other problems. Barring changes, Uncle Sam will also be contending with a long-term deficit for Medicare approaching $34 trillion, or nearly 5 times that of Social Security


... snip ...

other ways of reducing benefits looked at ... since social security is taxed at the point it is paid in (i.e. social security taxes aren't tax-deductable) ... they are looking at making social security beneifts fully taxeable ... which would eliminate any final facade that social security is fully-funded and that money collected is in any way related to benefits received.

by comparision, other retirement plans are "tax-deferred" ... no taxes at the time money goes in ... but are taxable at the time money is taken out ... or straight savings plan where money is not tax-deferred ... but is not (directly) double taxed at the time it is spent.

this has been part of the (former) comptroller generals (walker) theme that nobody in congress for the past 50 yrs has been capable of simple middle-school arithmatic. recent reference
http://www.garlic.com/~lynn/2008n.html#8 Taxcuts

recent comptroller generals references from the above:
http://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?

which includes:

U.S. Financial Condition and Fiscal Future Briefing, 2008 Economic Forecast Forum
http://www.gao.gov/cghome/d08395cg.pdf

as mentioned in numerous other references to the above and similar briefings by comptroller general
percent of federal budget

1966 1986 2006 defense 43 28 20 social security 15 20 21 medicare/medicaid 1 10 19 interest 7 14 9 all other 34 29 32


projections have social security, medicare, and medicaid easily dominating all other parts of federal budget by 2030 and exceeding 20percent of GDP by 2060.

for other drift ...

wiki reference:
https://en.wikipedia.org/wiki/Comptroller_General_of_the_United_States

from above:
For every fiscal year since 1996, when consolidated financial statements began, the Comptroller General has refused to endorse the accuracy of the consolidated figures for the federal budget

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 09:55:51 -0400
null@nada.net (Peter BP) writes:
I thought it quite fitting considering how the IT sector is progressing (or is that degressing?) in the US.

re:
http://www.garlic.com/~lynn/2008n.html#16 VMware Chief Says the OS Is History

a little x-over from this recent post
http://www.garlic.com/~lynn/2008n.html#17 Michigan industry

which references this:
http://www.garlic.com/~lynn/2008.html#57 Computer Science Education: Where Are the Software Engineers of Tomorrow?

a combination of the following generation (after baby-boomers retire) being only half as large ... and the "dumbing of america" ... the literacy/education level is much lower, where is the next generation of IT workers coming from?

tv newsbytes yesterday that 1/3rd of entering college freshman require extensive remedial education ... also NSF given out large new grants for math & science education.

recent post referencing (declining) educational ranking (and sarcastic reference to bears of very little brain and no brain at all):
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 10:11:28 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
Citibank chairman tells Sibos: "The worst may be yet to come"
http://www.finextra.com/fullstory.asp?id=18985

from above:

On the day that the investment banking industry lurched closer to disaster following announcements from Wall Street, Bill Rhodes, Citibank chairman, told Sibos delegates that the worst could be yet to come, adding that "we are currently in the eye of the storm".

... snip ...

past stories was that Citibank was at the center of creating the current situation and so far has had the largest write-downs from (formally) triple-A rated toxic CDOs ... and may have significant more in some trillion plus held offbalanace

past references to citibank being in the middle of creating the current siutation (repeal of Glass-Steagall that had been passed in the wake of crash of '29 to keep the safety&soundness of regulated banking separate from the risk unregulated investment banking):


...

re:
http://www.garlic.com/~lynn/2008n.html#12 Blinkylights

last night after the AIG loan announcement, one of the business tv news shows mentioned that current toxic CDO write-downs are at $550bil and that projections of total write-downs range from (low) of $950bil (another $400bil still to come) to $2tril (another $1.5tril still to come).

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 12:22:16 -0400
Dave Garland <dave.garland@wizinfo.com> writes:
The difference being, a government's future income is far more within its own control than a company, as it has the ability to raise funds through many more avenues than a company who depends on the whims of the market. A company is a very different organism than a national government. The only justification for a company funding pensions out of income is the greed of its owners.

re:
http://www.garlic.com/~lynn/2008n.html#13 Michign industry

I would contend it is the greed of nearly all participants ... the approach to funding pay-as-you-go has permeated the whole society; the earlier generation of older/retiring workers able to take advantage of the large increase of young workers of the baby boomer population bubble (huge ratio of workers to retirees) ... with no consideration to what is going to happen when the baby boomers retire (inverting the raio of workers to retirees) ... also
http://www.garlic.com/~lynn/2008n.html#17 Michign industry

the owners are the stockholders ... both sides in the actual negotiations tend to have very short time horizons (be long gone before any long term consequences).

the scam works for a while because the number of young baby boomer workers is much larger than the retiring generation (basically a form of pyramid scam). the quid-pro-quo could be the corporate side gets half the annual expense (compared to fully-funded for all the young baby boomers) and the labor side gets 4-10 times the benefits per retiree (i would contend that the labor side of the negotiations may evem have significantly more vested interest in such a deal).

the scam falls apart (again like pyramid schemes) when the baby boomer workers hit retirement and the ratio of workers to retirees inverts.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 15:33:18 -0400
sidd <sidd@situ.com> writes:
and this is the result

"There's no God-given gift of a AAA rating, and the U.S. has to earn it like everyone else."


re:
http://www.garlic.com/~lynn/2008n.html#20 Michigan industry

modulo those that got all those triple-A ratings for toxic CDOs that provided the funding for unregulated speculation in the home owners market.

the home owners market had previously been indirectly regulated since the main source of funding came from regulated institutions.

with funds channeled thru the triple-A rated toxic CDOs ... allowed speculators enormous, unregulated activity in the home owner market (basically akin to '20s unregulated stock market)
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights

with the bursting of the speculation bubble ... there is deflation on the home owner side of the triple-A rated toxic CDOs ... as well as huge write-downs for those that bought those triple-A rated toxic CDOs .... current guesses, somewhere between half-way and one-quarter of the way there
http://www.garlic.com/~lynn/2008n.html#19 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 15:51:38 -0400
Natarajan Krishnaswami <nxk3@cwru.edu> writes:
Virtual appliance, ick. I don't like that name. Maybe since service-oriented architectures are the hot new thing now, they should be called service machines?

re:
http://www.garlic.com/~lynn/2008n.html#16 VMware Chief Says the OS Is History

as an aside ... we periodically claim that the original SOA was the payment gateway we did as part of what is now commingly called "electronic commerce"
http://www.garlic.com/~lynn/subnetwork.html#gateway

however, the name that was coined in the early 70s was service virtual machines .... some recent references:
http://www.garlic.com/~lynn/2008.html#59 old internal network references
http://www.garlic.com/~lynn/2008c.html#55 Kernels
http://www.garlic.com/~lynn/2008e.html#11 Kernels
http://www.garlic.com/~lynn/2008e.html#15 Kernels
http://www.garlic.com/~lynn/2008g.html#22 Was CMS multi-tasking?
http://www.garlic.com/~lynn/2008h.html#97 Is virtualization diminishing the importance of OS?
http://www.garlic.com/~lynn/2008l.html#14 recent mentions of 40+ yr old technology

one of the difficulties with service virtual machines ... was getting them up and running automagically. enhancements had been done to the cp67 kernel for it to do fast, automatic (re)boot. the problem was that bringing up individual virtual machines (still) required manual operations.

i had originally done the autolog command, including automatic execution during boot process, as part of automatic benchmarking. this was quickly adapted for production operation and I had included it in early csc/vm (internal) distribution ... some old email:
http://www.garlic.com/~lynn/2006v.html#email731212
http://www.garlic.com/~lynn/2006w.html#email750102
http://www.garlic.com/~lynn/2006w.html#email750430

which was then picked up and included in standard product release.

i had done automated benchmarking as part of the performance and algorithm work that I had been doing.
http://www.garlic.com/~lynn/submain.html#benchmark

One scenario where it was used ... was I ran a sequence of 2000 automated benchmarks that took three months elapsed time ... as part of final calibration & verification for my resource manager product release ... some references:
http://www.garlic.com/~lynn/subtopic.html#fairshare
http://www.garlic.com/~lynn/subtopic.html#wsclock

and for other archeological drift ... 23jun69 unbundling announcement (in large part results of fed. gov. litigation) started to charge for software (services, maint, etc).
http://www.garlic.com/~lynn/submain.html#unbundle

However, as part of that announcement, they managed to make the case that kernel software should still remain bundled/free. Later about the time, I was to release my resource manager, there was decision for transition to charging for kernel software ... and my resource manager was selected as guinea pig. As a result, i had to spend a lot of time with lawyers and business planning people about policy for kernel software charging.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Michigan industry

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Michigan industry
Newsgroups: alt.folklore.computers
Date: Wed, 17 Sep 2008 18:40:32 -0400
greymaus <greymausg@mail.com> writes:
The US is buying up [things] that nobody else will, and paying for [it] by selling bonds, which [people,institutions] will buy when [they] are confident that they will get their money back in [x] years. How is the US going to pay that?.. Clicking their heels together and saying the magic word?.

re:
http://www.garlic.com/~lynn/2008n.html#21 Blinkylights

this afternoon, tv business news show had somebody from one of the rating agencies, to talk about new "ratings" of all the companies having problems .... however the host kept trying to get the guy to admit to being responsible for the whole thing with the incorrect triple-A ratings on all the toxic CDOs.

the following segment got into asking why were all the illegal naked short sales still going on and nothing being done ... which appeared to be major factor behind the current stock market volatility. a little later there was an item about some of the companies filing formal complaints about the illegal naked short sales in their stocks.

there have been complaints about little being done about illegal naked short sales going back at least a year. some recent posts:
http://www.garlic.com/~lynn/2008k.html#1 dollar coins
http://www.garlic.com/~lynn/2008k.html#9 dollar coins
http://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Thu, 18 Sep 2008 01:00:37 -0400
CBFalconer <cbfalconer@yahoo.com> writes:
If we accept the fundamental that the cause of all this is the loss of value of homes and the resultant worthlessness of mortgages, we should also consider that those mortgages are secured by the actual property. I don't think anyone will insist that that property has deflated by more than 25%. Thus there is no fundamental reason for the financial system to implode, other than panic. If company XYZ held 1000 dollars in mortgages a year ago, they still hold 750 dollars today. If they played silly financial games to multiply their gains, they actually multiplied their losses, and need no sympathy.

re:
http://www.garlic.com/~lynn/2008n.html#19 Blinkylights

as mentioned ... there are two sides with the triple-A rated, toxic CDOs in the middle ... the home owners market ... and the institution market for credit instruments.
http://www.garlic.com/~lynn/2008n.html#21 Blinklights

the shape of the homeowners value inflation bubble since 2001 ... and recent subsequent de-flation .... overlays what appears to be speculation akin to unregulated '20s stock market speculation .. over the top of the home owner market ... and is now starting to look like a like a large pimple. the possibility is that the deflation continues back to the 2001 level.

re:
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights

which references
http://mysite.verizon.net/vodkajim/housingbubble

as mentioned in the previous post, the "pimple" run up in speculation values wasn't uniform across the country (some cases larger than 25 percent in the period ... in some cases the speculation fever had 25percent inflation in single yrs) ... and also as previously mentioned some amount of collaterial damage is happening in the reset of the home owners market ... akin to the crash of '29 (after the frenzy of unrelated speculation).

that is on the home owners side of the triple-A toxic CDO transactions.

on the investment banker side of the CDO transactions were institutions that were heavily leveraged into the triple-A rated toxic CDO transactions. Heavy leverages is 50 to nearly 100 times ... some numbers had GSEs leveraged around 80 times. This is akin to buying something with only 1-2 percent down ... and the rest borrowed. The whole things start to crash ... and they find themselves trying to sell toxic CDOs for 22cents on the dollar. The projections are that when the dust clears the institutions will have taken as much as $2trillion in write-downs on the toxic CDOs. At approx. 80percent write-down ... that implies that the institutions had originally paid $2.5trillion for these triple-A rated toxic CDOs that were actually now only worth $500billion (after $2 trillion write-down).

At 50times leverage ... i.e. purchase was made with only two percent down (and the rest borrowed) ... $2.5trillion of toxic CDOs (worth only $500billion) were bought by institutions with only $50billion down and the rest borrowed.

There are stories about home owners that bought $250k homes with no down and 20percent deflation, the home is worth only $200k. If they sell the house ... they still own $50k.

Similarly, institutions have bought possibly $2.5 trillion in triple-A rated toxic CDOs with very close to zero down (GSEs bought with 1/80th ... slightly more than one percent) ... which have seen 80percent deflation. They sell the toxic CDOs for $500billion ... but the institions still owe possibley $2tillion which they have to declare as a loss. Part of the issue is only $550bil loss has been declared so far.

Part of the issue is the institutions paid a significantly large amount because of the original triple-A rating ... when things fell apart and the toxic CDOs lost their triple-A rating ,,, the toxic CDOs had 80percent deflation.

this is the part of laying the institution side of the problem at the doors of the rating institutions
http://www.garlic.com/~lynn/2008n.html#23 Michigan industry

The basic theory of the CDOs was that their value would be directly tied to the value of the underlying components .... a 20percent drop in underlying value would be reflected in 20percent drop in the value of the CDOs. The problem was that the triple-A rating significantly overvalued the underlying values ... and the toxic CDOs have been reset to 22percent of their original triple-A rated value.

this is the part of the thread about CDOs having been used two decades ago in the S&L crisis to obfuscate the underlying values and sell the CDO at significant higher than the sum of the underlying values.

this is also part of the discussion in the long-winded, decade old post
http://www.garlic.com/~lynn/aepay3.htm#riskm

Institutions have to clear possible $2trillion in total losses (only $550billion so far) off their books (in these toxic CDOs) ... to possibly get down to the point where the toxic CDOs financial instruments start to reflect the value of the underlying components.

Cross the bridge between the home owners market and the institutions, the use of the triple-A rated, toxic CDOs allowed enormous (unregulated) amounts of speculation money to be funneled into the home buyers market ... effectively fueling the speculation bubble (the home owners market had been indirectly regulated in the past because the major source of funds had come from regulated institutions). The use of toxic CDOs provided a very large unregulated source of funds.

The toxic CDO loss of triple-A rating started happening before bursting of the home owner market bubble. The deflation of the toxic CDOs started the burst of the speculation bubble part of the home owner market. Bursting the speculation pimple in the home owners market then possible will reset the home owner market values to 2001.

There is uncertain/unknown fear component in the market ... after seeing the toxic CDOs loose their triple-A rating ... how much trust can be placed in the ratings?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Thu, 18 Sep 2008 09:47:24 -0400
CBFalconer <cbfalconer@yahoo.com> writes:
Reading owe for own above. They don't sell the house, they abandon the thing. Mortgages don't impose debt on the mortgager. The house is the security. That leaves the mortgagee with the 50k loss. But they still own a 200k house.

re:
http://www.garlic.com/~lynn/2008n.html#24 Blinkylights

walking away from the home are additional ongoing insideous effects from the unregulated speculation and resulting crash.

a large inventory of empty homes will increase downward pressure on home prices ... possibly beyond resetting to 2001 with the start of the unregulated speculation frenzy. It can contribute to negative feedback cycle in the home owner market ... resulting in increased decline in prices which then increases defaults and empty homes, which contributes to further decline in prices leading to more defaults and more empty homes. Disastrous downward home price spiral effects can continue beyond the price point where the unregulated speculation began.

One of the things that the FED is attempting to do is prevent any rapid acceleration in such a downward spiral in home owner market ... as a result of the unregulated speculation frenzy.

On the other side of the triple-A rated toxic CDOs, there are equivalent dangers involving institutional dealings. There are also downside interaction between adjustment effects at the institutions, contributing to negative feedback adjustment in the home owner market ... and downward price spiral in home owner market, contributing to negative feedback adjustments at the institutions.

This is among the systemic risk issues sporadically referenced that the fed. government is trying to juggle in attempting to deal with the adjustments from the unregulated speculation frenzy in the home owners market (in large part enabled by the huge monetary infusion from triple-A rated, toxic CDOs).

quote/question from tv business news show two minutes ago is how could ratings agencies give triple-A rating to what is now appearing to be almost worthless. confidence in ratings becomes another systemic contribution to negative feedback and downward spiral.

apparently nothing being done about illegal naked short selling ... which leverages negative/bad news to turn a profit ... is further contributing to negative feedback (on the institution side).

other recent posts mentioning toxic CDOs
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop
http://www.garlic.com/~lynn/2008g.html#32 independent appraisers
http://www.garlic.com/~lynn/2008g.html#44 Fixing finance
http://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#52 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#59 Credit crisis could cost nearly $1 trillion, IMF predicts
http://www.garlic.com/~lynn/2008g.html#62 Credit crisis could cost nearly $1 trillion, IMF predicts
http://www.garlic.com/~lynn/2008g.html#64 independent appraisers
http://www.garlic.com/~lynn/2008h.html#1 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008h.html#28 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008h.html#32 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008h.html#48 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008h.html#89 Credit Crisis Timeline
http://www.garlic.com/~lynn/2008h.html#90 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008i.html#4 A Merit based system of reward -Does anybody (or any executive) really want to be judged on merit?
http://www.garlic.com/~lynn/2008i.html#30 subprime write-down sweepstakes
http://www.garlic.com/~lynn/2008i.html#64 Is the credit crunch a short term aberation
http://www.garlic.com/~lynn/2008i.html#77 Do you think the change in bankrupcy laws has exacerbated the problems in the housing market leading more people into forclosure?
http://www.garlic.com/~lynn/2008i.html#104 dollar coins
http://www.garlic.com/~lynn/2008j.html#3 dollar coins
http://www.garlic.com/~lynn/2008j.html#9 dollar coins
http://www.garlic.com/~lynn/2008j.html#12 To: Graymouse -- Ireland and the EU, What in the H... is all this about?
http://www.garlic.com/~lynn/2008j.html#18 dollar coins
http://www.garlic.com/~lynn/2008j.html#22 dollar coins
http://www.garlic.com/~lynn/2008j.html#23 dollar coins
http://www.garlic.com/~lynn/2008j.html#38 dollar coins
http://www.garlic.com/~lynn/2008j.html#40 dollar coins
http://www.garlic.com/~lynn/2008j.html#46 dollar coins
http://www.garlic.com/~lynn/2008j.html#48 dollar coins
http://www.garlic.com/~lynn/2008j.html#64 lack of information accuracy
http://www.garlic.com/~lynn/2008j.html#68 lack of information accuracy
http://www.garlic.com/~lynn/2008j.html#69 lack of information accuracy
http://www.garlic.com/~lynn/2008j.html#71 lack of information accuracy
http://www.garlic.com/~lynn/2008k.html#6 dollar coins
http://www.garlic.com/~lynn/2008k.html#10 Why do Banks lend poorly in the sub-prime market? Because they are not in Banking!
http://www.garlic.com/~lynn/2008k.html#11 dollar coins
http://www.garlic.com/~lynn/2008k.html#12 dollar coins
http://www.garlic.com/~lynn/2008k.html#13 dollar coins
http://www.garlic.com/~lynn/2008k.html#14 dollar coins
http://www.garlic.com/~lynn/2008k.html#16 dollar coins
http://www.garlic.com/~lynn/2008k.html#19 dollar coins
http://www.garlic.com/~lynn/2008k.html#20 IBM's 2Q2008 Earnings
http://www.garlic.com/~lynn/2008k.html#23 dollar coins
http://www.garlic.com/~lynn/2008k.html#27 dollar coins
http://www.garlic.com/~lynn/2008k.html#33 dollar coins
http://www.garlic.com/~lynn/2008l.html#42 dollar coins
http://www.garlic.com/~lynn/2008l.html#44 dollar coins
http://www.garlic.com/~lynn/2008l.html#67 dollar coins
http://www.garlic.com/~lynn/2008l.html#70 dollar coins
http://www.garlic.com/~lynn/2008m.html#12 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#15 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#16 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#26 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#76 When risks go south: FM&FM to be nationalized
http://www.garlic.com/~lynn/2008m.html#80 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights
http://www.garlic.com/~lynn/2008m.html#92 Blinkylights
http://www.garlic.com/~lynn/2008m.html#95 Blinkylights
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights
http://www.garlic.com/~lynn/2008m.html#99 Blinkylights
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights
http://www.garlic.com/~lynn/2008n.html#12 Blinkylights
http://www.garlic.com/~lynn/2008n.html#14 Blinkylights
http://www.garlic.com/~lynn/2008n.html#19 Blinkylights
http://www.garlic.com/~lynn/2008n.html#21 Michigan industry
http://www.garlic.com/~lynn/2008n.html#23 Michigan industry

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Thu, 18 Sep 2008 12:36:15 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
apparently nothing being done about illegal naked short selling ... which is trying to leverage negative/bad news to turn a profit ... is further contributing to negative feedback (on the institution side).

re:
http://www.garlic.com/~lynn/2008n.html#25 Blinkylights
and
http://www.garlic.com/~lynn/2008n.html#23 Michigan industry

a tv business news show this morning had some followup on complaints sent to SEC regarding nothing (long term tolerating) being done about illegal naked short selling ... news show claimed that there was very strong words laying blame on SEC (the "blood" is on their hands).

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Thu, 18 Sep 2008 21:28:56 -0400
Quadibloc <jsavard@ecn.ab.ca> writes:
We already know that. India and China. What I don't know is how, without an unsurpassable technological advantage, or huge barriers to immigration and imports as we sit on vast natural resources, countries like the United States will avoid becoming poor like India and China, when they have to compete with them on a level playing field.

we were in hong kong some amount in the early 90s ... and i remember an article about the state of the chinese high-tech out-sourcing business (across the border on the mainland) and comparing it with the high-tech out-sourcing business in India.

one of the things the article mentioned was that the chinese were at a disadvantage because India has legacy of british civil servant tradition which were providing a much higher level of infrastructure (needed by modern business, i.e. transportion, communication, water, electricity).

early 90s also saw increasing number of articles about foreign students (from asia and india) starting to dominate US high tech advance degree programs. there was also some articles speculating about tipping point ... which would start attracting them to return home ... rather than stay in the US after graduation.

i've remarked in the past that outsourcing seemed to significantly accelerate with y2k remediation ... requiring big increase in legacy dataprocessing ... concurrently when all available resources were being diverted by the Internet bubble (during the internet bubble, there were very few articles at the time complaining about the legacy dataprocessing work going overseas).

posts in this thread:
http://www.garlic.com/~lynn/2008n.html#16 VMware Chief Says the OS Is History
http://www.garlic.com/~lynn/2008n.html#18 VMware Chief Says the OS Is History
http://www.garlic.com/~lynn/2008n.html#22 VMware Chief Says the OS Is History

misc past posts mentioning y2k remediation:
http://www.garlic.com/~lynn/99.html#214 Ask about Certification-less Public Key
http://www.garlic.com/~lynn/2004b.html#2 The SOB that helped IT jobs move to India is dead!
http://www.garlic.com/~lynn/2004f.html#39 Who said "The Mainframe is dead"?
http://www.garlic.com/~lynn/2004o.html#66 Integer types for 128-bit addressing
http://www.garlic.com/~lynn/2005.html#20 I told you ... everybody is going to Dalian,China
http://www.garlic.com/~lynn/2005s.html#16 Is a Hurricane about to hit IBM ?
http://www.garlic.com/~lynn/2006g.html#21 Taxes
http://www.garlic.com/~lynn/2006s.html#40 Ranking of non-IBM mainframe builders?
http://www.garlic.com/~lynn/2007g.html#7 U.S. Cedes Top Spot in Global IT Competitiveness
http://www.garlic.com/~lynn/2007p.html#39 India is outsourcing jobs as well
http://www.garlic.com/~lynn/2007r.html#26 The new urgency to fix online privacy
http://www.garlic.com/~lynn/2007r.html#36 Students mostly not ready for math, science college courses
http://www.garlic.com/~lynn/2007t.html#19 Translation of IBM Basic Assembler to C?
http://www.garlic.com/~lynn/2008f.html#81 Is IT becoming extinct?
http://www.garlic.com/~lynn/2008i.html#65 How do you manage your value statement?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 19 Sep 2008 07:33:43 -0400
Andrew Swallow <am.swallow@btinternet.com> writes:
Complaining about short selling is shooting the messenger, and does not solve the real problem.

re:
http://www.garlic.com/~lynn/2008n.html#26 Blinkylights

the complaint was about lack of prosecution for illegal naked short sales

(illegal) naked short selling has actually been illegal ... but just not being prosecuted. it is somewhat analogous to pump&dump stock scams involving penny stocks that are periodically shutdown. typical illegal naked short selling includes starting false speculation/rumors ... also similar to the pump&dump scams. there were articles over a year ago that such illegal activity involving illegal naked short selling was quite common & tolerated (lots of traders had vested interest in not seeing the illegal activity prosecuted).

another similar scam is the increasing practice of companies' filing inflated statements providing executives with increased bonuses and then later (after the executives have the bonus and don't have to give it back) filing restatements. GAO has started a database of such refiling activity for listed stock companies. Freddie was fined $400m for such activity ... and the ceo removed (although he still got to keep the bonuses).

misc. other posts mentioning it:
http://www.garlic.com/~lynn/2008k.html#1 dollar coins
http://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings
http://www.garlic.com/~lynn/2008n.html#23 Michigan industry
http://www.garlic.com/~lynn/2008n.html#25 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 19 Sep 2008 08:50:33 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
walking away from the home are additional ongoing insideous effects from the unregulated speculation and resulting crash.

a large inventory of empty homes will increase downward pressure on home prices ... possibly beyond resetting to 2001 with the start of the unregulated speculation frenzy. It can contribute to negative feedback cycle in the home owner market ... resulting in increased decline in prices which then increases defaults and empty homes, which contributes to further decline in prices leading to more defaults and more empty homes. Disastrous downward home price spiral effects can continue beyond the price point where the unregulated speculation began.

One of the things that the FED is attempting to do is prevent any rapid acceleration in such a downward spiral in home owner market ... as a result of the unregulated speculation frenzy.


re:
http://www.garlic.com/~lynn/2008n.html#25 Blinkylights

all sorts of speculation now going on about how the FED might stop the home owners market continuing negative feedback ... downward spiral.

the ugly home owner price pimple/boil
http://mysite.verizon.net/vodkajim/housingbubble/

with runup in prices (because of unregulated speculation activity in the home owners market akin to '20s stockmarket speculation frenzy) looks to be about half-way back down to the 2001 level (when it started). Part of the problem facing the FED is not having the home owner market continue its downward spiral past resetting to the 2000-2001 level prices (when this whole mad speculation frenzy started).

on visits to s. florida (before things fell apart), the high rise rabbit warrens were starting to march their way up the coast, north of palm beach. it was part of building boom (and speculation frenzy), apparently anticipating the mass retirement of baby boomers, selling their mc-mansions in the cold north and all descending on s. florida with huge sums of money burning holes in their pockets (modulo small issue that there are more baby boomers than there are younger generation to buy all their properties).

a few mornings, we were sitting in new development starbucks in west palm beach (these developments have been cropping up in cal, florida, and other places, outdoor shopping malls with stores on ground level and 2-3 stories of condos on upper floors) and could watch (sale/promotion) groups with 15-20 people touring the properties.

later there were articles about all sorts of people (teachers, police, garbage collectors, clerks) getting caught up in the speculation frenzy, buying 2-3 condos, getting "no documentation", "no down payment", ARMs ... with very low 2-3 yr introductory interest rate and were anticipating flipping the properties for huge profit before the ARMs rate reset.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Macs for security (now, with new improved NSA hardening tips!)

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Macs for security (now, with new improved NSA hardening tips!)
Date: September 19, 2008 09:21 AM
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001098.html

similar, but different ... nearly 40yrs ago
http://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml

I wasn't aware of it at the time, didn't find out until much later. However, as undergraduate in the 60s, I was doing lots of kernel enhancements (many would be picked up and shipped in product) ... and would even periodically get requests from the vendor about doing specific enhancements.

In later years, I conjectured that some requests may have even originated from some of these other customers. More recently i've periodically commented that some of these (security oriented) things I was asked to do ... wasn't just things not being addressed in many current platforms ... they were things that current platforms don't even seem to realize are security issues.

--
40+ yrs virtualization experience, online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 19 Sep 2008 09:46:28 -0400
Andrew Swallow <am.swallow@btinternet.com> writes:
Complaining about short selling is shooting the messenger, and does not solve the real problem.

re:
http://www.garlic.com/~lynn/2008n.html#26 Blinkylights
http://www.garlic.com/~lynn/2008n.html#28 Blinkylights

several comments this morning about the new rule (regarding "no short sales") wouldn't have been necessary if SEC had been enforcing existing regulations ... including prosecuting illegal naked short sales.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Sat, 20 Sep 2008 09:43:32 -0400
Andrew Swallow <am.swallow@btinternet.com> writes:
You are betting your family on a single firm succeeding. Safer to have a family member in every firm in town. Also you can be fired if your cousin has an argument with the boss.

Soong Sisters (and their brothers):
https://en.wikipedia.org/wiki/Soong_sisters

past references (when my wife's dad was posted to Nanjing, her mother attended dinners with one of the sisters)
http://www.garlic.com/~lynn/2004e.html#19 Message To America's Students: The War, The Draft, Your Future
http://www.garlic.com/~lynn/2008f.html#58 China overtakes U.S. as top Web market
http://www.garlic.com/~lynn/2008f.html#62 China overtakes U.S. as top Web market

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sat, 20 Sep 2008 10:09:18 -0400
jmfbahciv <jmfbahciv@aol> writes:
Good grief. There really were tulip bulbs. I always thought ARMs were bad.

re:
http://www.garlic.com/~lynn/2008n.html#29 Blinkylights

the triple-A rating of the toxic CDOs were in the middle that made it all possible ... provided the monetry fuel for the mortgage originators (and being able to unload as triple-A rated toxic CDOs eliminated any worry about holding such mortgages) ... and then the triple-A toxic CDO instruments for institutions to heavily leverage (GSEs apparently leveraged in triple-A rated toxic CDOs at 80-to-1).

all winnie-the-pooh and bear of no brain at all
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights
http://www.garlic.com/~lynn/2008n.html#14 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Builders v. Breakers

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Builders v. Breakers
Date: September 20, 2008 12:24 PM
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001100.html

we had been brought in to consult with this small client/server startup that wanted to do payment transactions on their server ... and they had this technology they had invented called SSL which they wanted to use. in previous life, we had worked with the two people responsible for their "commerce" server (on scaleup for high integrity, high availability, high thruput DBMS).
http://www.garlic.com/~lynn/subtopic.html#hacmp

we had sign-off on various aspects of the server to payment gateway operation ... so could mandate various things about industrial strength networking (before things like internet SLA contracts, so had to invent/design compensating processes). lots of past posts
http://www.garlic.com/~lynn/subnetwork.html#gateway

however we weren't allowed to make corresponding mandates about the interface between client and the server. we did some tutorials about industrial strength networking. For instance, one of the things we mandated for the server/gateway interface was multiple A-record support (with the payment gateway having multiple connections to different parts of internet backbone)... for availability.

We had spec'ed multiple interfaces for some number of deployed commercial "commerce" servers (for their availability) and "suggested" that client needed multiple A-record support. Initial response (from client developers) was that multiple A-record support was "too advanced" ... even after we provided client multiple A-record support from 1988 4.3 tahoe tape. It took another yr before there was multiple A-record support in their client.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Builders V. Breakers

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Builders V. Breakers
Newsgroups: alt.folklore.computers
Date: Sat, 20 Sep 2008 14:30:12 -0400
followup x-over
https://financialcryptography.com/mt/archives/001100.html
http://www.garlic.com/~lynn/2008n.html#34 Builders v. Breakders

work on earlier high-integrity, high-availability networking (and scalable cluster DBMS) ... we had done a detailed vulnerability analysis of network specifications and code implementations. Most common security issues were viewed as just part of deploying industrial strength operation.

For the server/gateway interface we had developed a failure matrix for different states ... and required that all possible cases were covered. We've frequently commented in the past that taking a well tested/designed application and creating industry strength service ... requires 4-10 times the original effort.

In the time frame of the payment gateway work ... there was a situation where the largest online service provider was experiencing failures on their internet interface. After two months of having numerous experts come in and look at the problem, one of the people flew out to the west coast and bought me a hamburger after work. While I ate the hamburger, they explained the symptoms. I then said that was one of the top ten problems we had earlier identified in detailed vulnerability analysis and gave them a Q&D fix which they installed later that night.

misc. past refs:
http://www.garlic.com/~lynn/2001f.html#75 Test and Set (TS) vs Compare and Swap (CS)
http://www.garlic.com/~lynn/2001n.html#91 Buffer overflow
http://www.garlic.com/~lynn/2001n.html#93 Buffer overflow
http://www.garlic.com/~lynn/2002b.html#59 Computer Naming Conventions
http://www.garlic.com/~lynn/2002n.html#11 Wanted: the SOUNDS of classic computing
http://www.garlic.com/~lynn/2003g.html#62 IBM says AMD dead in 5yrs ... -- Microsoft Monopoly vs. IBM
http://www.garlic.com/~lynn/2003j.html#15 A Dark Day
http://www.garlic.com/~lynn/2003p.html#37 The BASIC Variations
http://www.garlic.com/~lynn/2004b.html#8 Mars Rover Not Responding
http://www.garlic.com/~lynn/2004b.html#48 Automating secure transactions
http://www.garlic.com/~lynn/2004k.html#20 Vintage computers are better than modern crap !
http://www.garlic.com/~lynn/2004l.html#49 "Perfect" or "Provable" security both crypto and non-crypto?
http://www.garlic.com/~lynn/2004m.html#51 stop worrying about it offshoring - it's doing fine
http://www.garlic.com/~lynn/2004p.html#23 Systems software versus applications software definitions
http://www.garlic.com/~lynn/2004p.html#63 Systems software versus applications software definitions
http://www.garlic.com/~lynn/2004p.html#64 Systems software versus applications software definitions
http://www.garlic.com/~lynn/2005b.html#40 [Lit.] Buffer overruns
http://www.garlic.com/~lynn/2005i.html#42 Development as Configuration
http://www.garlic.com/~lynn/2005n.html#26 Data communications over telegraph circuits
http://www.garlic.com/~lynn/2006n.html#20 The System/360 Model 20 Wasn't As Bad As All That
http://www.garlic.com/~lynn/2007f.html#37 Is computer history taught now?
http://www.garlic.com/~lynn/2007g.html#51 IBM to the PCM market(the sky is falling!!!the sky is falling!!)
http://www.garlic.com/~lynn/2007h.html#78 John W. Backus, 82, Fortran developer, dies
http://www.garlic.com/~lynn/2007n.html#10 The top 10 dead (or dying) computer skills
http://www.garlic.com/~lynn/2007n.html#76 PSI MIPS
http://www.garlic.com/~lynn/2007n.html#77 PSI MIPS
http://www.garlic.com/~lynn/2007o.html#23 Outsourcing loosing steam?
http://www.garlic.com/~lynn/2007p.html#54 Industry Standard Time To Analyze A Line Of Code
http://www.garlic.com/~lynn/2007v.html#53 folklore indeed
http://www.garlic.com/~lynn/2008e.html#41 IBM announced z10 ..why so fast...any problem on z 9
http://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
http://www.garlic.com/~lynn/2008e.html#53 Why Is Less Than 99.9% Uptime Acceptable?
http://www.garlic.com/~lynn/2008i.html#33 Mainframe Project management

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Builders V. Breakers

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Builders V. Breakers
Newsgroups: alt.folklore.computers
Date: Sun, 21 Sep 2008 10:11:00 -0400
re:
http://www.garlic.com/~lynn/2008n.html#34 Builders v. Breackers
http://www.garlic.com/~lynn/2008n.html#35 Builders v. Breackers

along the lines of industrial strength dataprocessing, there are periodic articles about the general poor quality of many software products and the large number of defects (not limited to security defects).

separate from the perceived peer "points" from breaks, there are also the claims that products are generally being shipped and letting users/customers "debug" the product (development skimping on time, skills, money).

a couple past posts about holding a mini-conference at our house a decade ago for cal. computer security graduate program and discussing the difficulty of getting students interested in building rather than breaking:
http://www.garlic.com/~lynn/2005c.html#26 [Lit.] Buffer overruns
http://www.garlic.com/~lynn/2007u.html#62 folklore indeed

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Success has many fathers, but failure has the US taxpayer

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Success has many fathers, but failure has the US taxpayer
Date: September 21, 2008 11:09 AM
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001099.html

note that CDOs were used two decades ago during the S&L crisis to unload toxic properties (obfuscating actual value from the buyers).

long-winded, decade old post discussing many of the current problems (including obfuscating CDO-like instruments):
http://www.garlic.com/~lynn/aepay3.htm#riskm

In the past, mortgage originators had a vested interest in maintaining loan quality. getting triple-A rating on toxic CDOs allowed unregulated mortgage originators to immediately unload all the loans they could write (regardless of quality), effectively eliminating any motivation for mortgage originators to pay any attention to loan quality.

As a result, there were large number of no documentation, no down payment, 1%-2% intro rate ARMs, possibly interest only payments. These were gobbled up by speculators ... anticipating flipping the property before the rate reset.

On the other side of the triple-A rating, institutions were heavily leveraged buying up all these triple-A rated toxic CDOs (some claim that GSEs were leveraged 80:1 with toxic CDOs, i.e. only had a little over one percent capital actually invested).

There was business school article from last spring claiming that possibly 1000 executives are responsible for 80% of the current mess and it would go a long way to fixing the problem if the gov. could figure out a way for them to loose their jobs.

There seems to be a separate problem with financial reporting ... despite SOX. GAO is now doing a database of increasing number of companies "restating" financial numbers ... basically the top executives get bonuses based on the original numbers ... but don't have to forfeit the bonus after the restatement. Freddie did get fined $400m in 2004 for $10bil inflated statements and the CEO replaced .... but the CEO got to keep tens (hundred?) of millions in bonuses.

Slightly changing the "Peter Pan" theme to never having to grow up and therefor never having to be held responsible, ... I've also made sarcastic references to Winnie-The-Pooh and pooh-bear's comment about being a bear with "no brains at all".

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 21, 2008
Blog: Credit Card
past studies have indicated that signature debit is 15 times the fraud of pin debit .... basically pin-debit is nominally considered two-factor authentication while signature debit is only single factor.

there have been some unanticipated consequences regarding the introduction of signature debit. pin-debit transactions for accounts enabled for signature debit ... means that just the magstripe can be skimmed (from pin-debit transaction) and then used later in signature-debit transaction (i.e. even if account is only used in pin-debit, two-factor authentication mode ... there is still a single factor authentication vulnerability).

signature debit transactions are basically a form of credit transactions. credit magstripes have gone thru some evolution over the past several decades (being only single factor authentication). One of the vulnerabilities was generation of counterfeit magstripes based on account number guessing. Special magstripe encoding was introduced for credit cards as countermeasure to account number guessing. This wasn't a problem with two-factor pin-debit ... so didn't see the equivalent evolution. When signature debit was introduced for previously pin-debit cards ... many were all of a sudden made vulnerable to the account number guessing counterfeiting.

there have been a number of articles that significantly higher transaction fees are charged merchants for signature debit (comparable to credit fees, higher fraud because no two-factor authentication) ... so there has been some preference for signature debit because of the larger revenue stream.

for an indication of financial incentive ... tally the number of check card tv spots ... vis-a-vis the number of pin-debit tv spots.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Wrapping up the FBEMBA

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Wrapping up the FBEMBA
Date: September 21, 2008
Blog: Boyd
OODA-loop scenario (with respect to finger-feel), Boyd would use example of war games after-action reviews he was involved in ... the story was that during all the practice sessions ... the staff participated while the admirals/generals were characterized as spending their time out playing golf. For the actual war games, the admirals/generals came in and it was disaster since they had no "finger-feel" for the tempo of the operations center (lots of mistakes happening in slow-motion) ... which was typically followed by comments about the golf playing culture.

Fluency, practice, and understanding can be considered facets of orientation (correcting "false" orientation).

A software analogy is fluency in computer programming language ... equivalent to fluency in natural language ... i.e. the fluent person actually "thinks" & "dreams" in the programming language; as opposed to thinking in some natural language and having to translate into programming statements.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Success has many fathers, but failure has the US taxpayer

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Success has many fathers, but failure has the US taxpayer
Date: September 22, 2008 11:20 AM
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001099.html
http://www.garlic.com/~lynn/2008n.html#36 Builders V. Breakers

on the mortgage origination side of the triple-A rated toxic CDOs ... this shows the large ugly speculation pimple/boil in home owner prices (enabled by the use of toxic CDOs and eliminating any motivation to pay attention to mortgage quality)
http://mysite.verizon.net/vodkajim/housingbubble

the large ugly speculation pimple/boil is about half-way deflated back to where it started.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Mon, 22 Sep 2008 14:50:49 -0400
Steve O'Hara-Smith <steveo@eircom.net> writes:
Alternatively if the highways were as unsubsidized as the railways then there would probably be less traveling and freighting done.

consumer/pleasure driving has provided majority of highway subsidy for heavy trucking ... which shifts the competitive landscape for trucks versus trains. possible conjecture that if the subsidy were removed ... road-use taxes for heavy trucks could easily go to $5-$10/gal (or more).

nearly all highway design, building and maintenance is based on heavy truck mile/axle-loads i.e. if taxes were directly apportioned based on expenses, then road-use taxes drop nearly to zero for other than heavy trucks ... and road-use taxes to cover total highway expenses are apportioned solely against heavy trucks.

past ref:
http://www.garlic.com/~lynn/2002j.html#41 Transportation
http://www.garlic.com/~lynn/2003i.html#21 Spam Bomb
http://www.garlic.com/~lynn/2003i.html#57 TGV in the USA?
http://www.garlic.com/~lynn/2004c.html#20 Parallel programming again (Re: Intel announces "CT" aka
http://www.garlic.com/~lynn/2004e.html#7 OT Global warming
http://www.garlic.com/~lynn/2006f.html#44 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#2 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#5 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#6 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#7 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#10 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#12 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#15 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#19 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#24 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#26 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#32 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#35 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#46 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#48 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#49 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#50 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#51 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#52 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#53 The Pankian Metaphor
http://www.garlic.com/~lynn/2006g.html#54 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#1 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#2 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#3 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#5 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#6 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#11 The Pankian Metaphor
http://www.garlic.com/~lynn/2006h.html#23 The Pankian Metaphor
http://www.garlic.com/~lynn/2007n.html#97 Loads Weighing Heavily on Roads
http://www.garlic.com/~lynn/2007q.html#21 Horrid thought about Politics, President Bush, and Democrats
http://www.garlic.com/~lynn/2008b.html#55 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008b.html#56 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008e.html#48 fraying infrastructure
http://www.garlic.com/~lynn/2008k.html#68 Historian predicts the end of 'science superpowers'
http://www.garlic.com/~lynn/2008l.html#25 dollar coins
http://www.garlic.com/~lynn/2008l.html#36 dollar coins
http://www.garlic.com/~lynn/2008l.html#37 dollar coins

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Mon, 22 Sep 2008 18:59:03 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
the ugly home owner price pimple/boil
http://mysite.verizon.net/vodkajim/housingbubble/


re:
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights
http://www.garlic.com/~lynn/2008n.html#24 Blinkylights
http://www.garlic.com/~lynn/2008n.html#29 Blinkylights

Science unveils hidden drivers of stock bubbles and crashes
http://www.physorg.com/news141015420.html

from above:
At this point -- when the bubble is most inflated -- the investor becomes indifferent to warning signs, such as share values or price-earnings ratios that are stratospherically high.

What happens when the market starts to tank? The initial response is dismissal, for the investor still believes that his stocks will come back up and there is no point in selling.


... snip ...

the triple-A rated toxic CDOs enabled mortgage orginators to ignore mortgage quality ... focusing on writing as many mortgages as fast as possible ... which provided the fuel for speculators to treat the home owner market like the unregulated 1920s stock market.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Tue, 23 Sep 2008 11:26:29 -0400
Walter Bushell <proto@panix.com> writes:
And tolls on turnpikes would radically decline.

But the price of *everything* would go up, and decline somewhat later when railroads got the business of transcontenental transport.


re:
http://www.garlic.com/~lynn/2008n.html#41 VMware Chief Says the OS Is History

the total infrastructure costs are just being obfuscated and spread around to a lot of different areas. that contributes to little action with regard to creating more efficient operations ... because true infrastructure costs are so thoroughly obfuscated.

changes would result in "fully loaded" transportation costs to be more accurately reflected in the price of goods. adaptive feedback systems work efficiently when the components of the infrastructure are accurately reflected. currently, true infrastructure transporation costs are significantly obfuscated and don't show up in the resulting price of many goods. the traditional result has always been less efficient operation and non-optimal choices.

this was also raised in the way that 60,000+ pages of tax code (mostly special exemptions) affects the infrastructure to bias decisions and influence adaptive feedback. the myriad of special exemptions has created significant obfuscation regarding efficient business operation ... and has also created a significant diversion of resources devoted to just dealing with special provisions (and the diversion of the resources to dealing with special exemptions is calculated at representing a significant drain on GDP)
http://www.garlic.com/~lynn/2008m.html#49 Taxes
http://www.garlic.com/~lynn/2008m.html#87 Fraud due to stupid failure to test for negative

one of the big advances that I found when doing resource manager and dynamic adaptive feedback operation ... was going thru all the code and accurately instrumenting actual resource utilization ... and having the resource utilization reflect accurately in resource manager controls.

frequently the state of the art at the time (in resource managers) utilized indirect indications that were (just) assumed to have some correlation with various kinds of resource utilization. typically the indications only had relatively weak correlation and possibly then only under specific conditions. the result (of these poor implementations) was frequently characterized as having numerous unexplained and anomolous behavior.

misc. past posts mentioning resource manager
http://www.garlic.com/~lynn/subtopic.html#fairshare

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Tue, 23 Sep 2008 15:16:23 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
one of the big advances that I found when doing resource manager and dynamic adaptive feedback operation ... was going thru all the code and accurately instrumenting actual resource utilization ... and having the resource utilization reflect accurately in resource manager controls.

frequently the state of the art at the time (in resource managers) utilized indirect indications that were (just) assumed to have some correlation with various kinds of resource utilization. typically the indications only had relatively weak correlation and possibly then only under specific conditions. the result (of these poor implementations) was frequently characterized as having numerous unexplained and anomolous behavior.

misc. past posts mentioning resource manager
http://www.garlic.com/~lynn/subtopic.html#fairshare


re:
http://www.garlic.com/~lynn/2008n.html#41 VMware Chief Says the OS Is History
http://www.garlic.com/~lynn/2008n.html#43 VMware Chief Says the OS Is History

tying dynamic feedback resource management to Boyd's OODA-loops ... in part because having done so much work on dynamic feedback resource controls in the 60s & 70s

... when I encountered Boyd ... I was extremely attracted to his OODA-loops .... misc. past posts
http://www.garlic.com/~lynn/subboyd.html#boyd

accurate infrastructure costs of transportation have been extremely obfuscated (OBSERVE part of OODA-loops) resulting in non-optimal resource decisions. In past period, the country's dependency on resources for transportation was also significantly obfuscated (which contributed to non-optimal decisions about resource utilization).

a similar distortion in decision making happens with the 60,000+ page tax code ... mostly with special exemptions. even if there was some quirk of fate and all the special tax provisions magically resulted in optimal decisions ... just the magnitude of the number of provisions subverts Boyd's OODA-loops. Not only is there an assumption about accuracy in OODA-loops there is also the implication of timeliness ... 60,000+ page tax code creates enormous "friction" in the infrastructure ... resulting in enormous resource waste.

and as in this prior post
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop

CDOs were used to obfuscate underlying value, subverting OBSERVATION in Boyd's OODA-loop.

this contributed to the toxic CDOs getting triple-A rating.

The triple-A rating on the toxic CDOs, in large part fueled speculators move on the home owners market, effectively treating it like the 1920's unregulated stock market.

There is plot of prices in the home owner market showing a large ugly specualtion pimple/boil that has only half-way deflated.
http://www.garlic.com/~lynn/2008n.html#24 Blinkylights
http://www.garlic.com/~lynn/2008n.html#29 Blinkylights
http://www.garlic.com/~lynn/2008n.html#40 Success has many fathers, but failure has the US taxpayer
http://www.garlic.com/~lynn/2008n.html#42 Blinkylights

There is a very similar large ugly speculation pimple/boil, when prices (in the home owner market) are plotted as a percent of average income (again only about half-way deflated) ... i.e. both the deflation in absolute prices as well as prices as percent of average income have a ways to go.

And as in all the news ... institutions gobbling up all those triple-A rated toxic CDOs is behind the current crisis/threat to US economic health.

And for something a little different:

U.S. May Find Painful Parallels in Nordic Bailout
http://www.bloomberg.com/apps/news?pid=20601109
http://www.bloomberg.com/apps/news?pid=20601109&sid=au3.PKtIo9oM&refer=home

For a little more topic drift ... recent reference to a MBA program based on Boyd's OODA-loop:
http://www.garlic.com/~lynn/2008m.html#4 Fraud due to stupid failure to test for negative

and recent post in Boyd blog and OODA-loop MBA thread:
http://www.garlic.com/~lynn/2008n.html#39 Wrapping up the FBEMBA

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

Refed: **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 23, 2008
Blog: Credit Card
re:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

part of the problem with password/pins as part of something you know (shared-secret) authentication
http://www.garlic.com/~lynn/subintegrity.html#secrets

... is that unique values are required for every unique security domain (as countermeasure to cross-domain attacks). Back in the 60s, when I first got online access ... I only had to deal with a couple something you know shared-secrets... this has since proliferated to large scores of something you know shared-secrets ... and the problem of dealing with large scores ... or hundreds of such shared-secrets spans all generations (the problem isn't remembering a single PIN, it is remembering one more PIN, possibly among hundreds).

One of the things done over a decade ago in the AADS chip strawman
http://www.garlic.com/~lynn/x959.html#aads

in support of X9.59 financial standard transaction protocol
http://www.garlic.com/~lynn/x959.html#x959

was enabling a paradigm change from institution-centric authentication to person-centric authentication ... a person having the option of presenting the same authentication to a large number of different institutions (while still addressing cross-domain vulnerabilities).

... oh, there have been studies (because of the difficulty dealing with the large proliferation in shared-secret paradigm) claiming that PINs are written on 1/3rd of pin-debit cards (not limited to "senior" card holders).

with regard to some chip implementations, there was yes card exploit that dates from possibly '99 ... mentioned here:
http://web.archive.org/web/20030417083810/http://www.smartcard.co.uk/resources/articles/cartes2002.html

other posts mentioning yes card
http://www.garlic.com/~lynn/subintegrity.html#yescard

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Mobile Payment/All-in-One Card

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Mobile Payment/All-in-One Card
Date: September 23, 2008
Blog: Credit Card
Part of the work on enabling AADS person-centric authentication
http://www.garlic.com/~lynn/x959.html#aads

... not only for all payments ... in support of x9.59 financial standard
http://www.garlic.com/~lynn/x959.html#x959

we had been brought in to consult with small client/server startup that wanted to do payment transactions on their server and they had this technology they had invented called SSL they wanted to use. Part of that infrastructure (frequently now called e-commerce) was the payment gateway ... misc. past posts
http://www.garlic.com/~lynn/subnetwork.html#gateway

we then got asked to participate in the x9a10 financial standard working group which had been given the requirement to preserve the integrity of the financial infrastructure for all retail payments. the result was the x9.59 financial standard. This was *ALL* as in *ALL* ... including POS, internet, face-to-face, CNP, mobile, and transit.

As part of design of the AADS chip strawman .... not only enabling person-centric authentication ... including all payments ... we were approached over a decade ago to make sure the chip would function within requirements for transit gate power & timing constraints ... for contactless operation (w/o sacrificing any security or integrity features)

Another scenario that had to be considered as part of the x9.59 standard support was wireless operation for both cellphone and PDA operations.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Virtualization Adopters Hit The Tipping Point

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Virtualization Adopters Hit The Tipping Point
Newsgroups: alt.folklore.computers
Date: Tue, 23 Sep 2008 19:30:03 -0400
Government Clients Eye Virtualization
http://www.crn.com/government/210601131

from above:
With some 65 percent of commercial accounts expecting to have virtualization technology in place by the end of 2009, government accounts, too, now seem focused on jumping on the virtualization bandwagon.

... snip ...

somewhat related about gov. virtualization 40 yrs ago
http://web.archive.org/web/20090117083033/http://www.nsa.gov/research/selinux/list-archive/0409/8362.shtml

I wasn't aware of the installations until quite a bit later.

recent posts mentioning the above:
http://www.garlic.com/~lynn/2008b.html#4 folklore indeed
http://www.garlic.com/~lynn/2008c.html#60 Job ad for z/OS systems programmer trainee
http://www.garlic.com/~lynn/2008d.html#32 Interesting Mainframe Article: 5 Myths Exposed
http://www.garlic.com/~lynn/2008f.html#31 confluence of virtualization and trusted computing
http://www.garlic.com/~lynn/2008f.html#67 Virtualization's security threats
http://www.garlic.com/~lynn/2008f.html#68 Virtualization's security threats
http://www.garlic.com/~lynn/2008g.html#26 CA ESD files Options
http://www.garlic.com/~lynn/2008g.html#58 Virtualization: History repeats itself with a search for security
http://www.garlic.com/~lynn/2008h.html#46 Whitehouse Emails Were Lost Due to "Upgrade"
http://www.garlic.com/~lynn/2008h.html#74 Microsoft versus Digital Equipment Corporation
http://www.garlic.com/~lynn/2008h.html#81 Microsoft versus Digital Equipment Corporation
http://www.garlic.com/~lynn/2008j.html#62 German court finds Bank responsible for malwared PC
http://www.garlic.com/~lynn/2008m.html#40 IBM--disposition of clock business
http://www.garlic.com/~lynn/2008m.html#68 New technology trends?
http://www.garlic.com/~lynn/2008n.html#30 Macs for security (now, with new improved NSA hardening tips!)

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 24, 2008
Blog: Credit Card
re:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#45 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

small part of AADS chip strawman
http://www.garlic.com/~lynn/x959.html#aads

was anticipating things like the yes card exploit and not having similar vulnerabilities. We had semi-facetiously joked in the mid-90s that we would take a $500 milspec part, aggressively cost reduce by 2-3 orders of magnitude while improving the integrity. Part of the trick was getting on the (least expensive) RFID (i.e. UPC/EPC) chip cost curve while not sacrificing any integrity or security.

various threads and posts mentioning yes card vulnerability ... and apparently still applicable ... at least within the past 2-3 yrs.
http://www.garlic.com/~lynn/subintegrity.html#yescard

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Wed, 24 Sep 2008 17:03:45 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
and as in this prior post
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop

CDOs were used to obfuscate underlying value, subverting OBSERVATION in Boyd's OODA-loop.

this contributed to the toxic CDOs getting triple-A rating.

The triple-A rating on the toxic CDOs, in large part fueled speculators move on the home owners market, effectively treating it like the 1920's unregulated stock market.


re:
http://www.garlic.com/~lynn/2008n.html#44 VMware Chief Says the OS Is History
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/


from above:
They try to figure out what that worst case is by looking at how volatile markets have been in the past.

But since the markets were placid for several years (as mortgage bankers busily lent money to anyone with a pulse), the computers were slow to say that risk had increased as defaults started to rise.

It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.


... snip ...

and a similar article from summer of 2007:
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/


from above:
This distortion brings me back to the subject of worthy reading material that came up in this week's Sunday Funnies: Barron's "The Art of Successful Investing," where I remembered (in the comments) the classic 1954 book by Darrell Huff, How to Lie with Statistics, which is still in print. Some of you may not agree with me that it is an investment book, but I would put it forward as a must-read. It is cleverly written, simple to understand, short and to the point.

.., snip ...

note that CDOs had been used two decades ago in the S&L crisis to obfuscate underlying values.

long-winded, decade old post discussing some of the issues and problems with visibility into CDO-like instruments:
http://www.garlic.com/~lynn/aepay3.htm#riskm

prior crisis references to fiddling numbers
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights
http://www.garlic.com/~lynn/2008m.html#99 Blinkylights
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights
http://www.garlic.com/~lynn/2008n.html#15 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

The Digital Dark Age or.....Will Google live for ever?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: The Digital Dark Age or.....Will Google live for ever?
Date: September 24, 2008
Blog: Greater IBM Connection
There has also been the wayback machine
http://www.archive.org

and LOC and others have various digital library programs.
http://www.loc.gov/library/libarch-digital.html

I've gone thru numerous generations. As an undergraduate I had done a presentation on MT/SC magtape for SHARE presentation
http://www.etypewriters.com/history.htm

part of presentation given at '68 SHARE meeting in Atlantic City ... from '94 usenet posting
http://www.garlic.com/~lynn/94.html#18 CP/67 & OS MFT14

I did have a bunch of stuff from the 60s & early 70s that I had migrated thru several tape generations ... even triple replicated ... unfortunately all tapes in the same tape library met with unfortunate accident in mid-80s. old posts referencing the incident:
http://www.garlic.com/~lynn/2003i.html#13 A Dark Day
and
http://www.garlic.com/~lynn/2007u.html#29 Folklore references to CP67 at Lincoln Labs

misc. old email ... going back to early 70s
http://www.garlic.com/~lynn/lhwemail.html

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Baudot code direct to computers?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Baudot code direct to computers?
Newsgroups: alt.folklore.computers
Date: Thu, 25 Sep 2008 09:04:00 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
footnote on the noise reduction board covering the diskette drive space in the PC case ... the board has sheet of 1/4in dense foam glued to the back.

re:
http://www.garlic.com/~lynn/2008m.html#51 Baudot code direct to computers?

I had ordered my employee IBM/PC in nov82 and it was delivered mar83 and replaced my 3101 for online access from home ... previous reference
http://www.garlic.com/~lynn/2006k.html#48 Hey! Keep Your Hands Out Of My Abstraction Layer!
with other old email
http://www.garlic.com/~lynn/2006k.html#email820210

in the following, "disconnected" virtual machine was another common term for service virtual machine. PVM (another service virtual machine) provided facility analogous to 3270 telnet demon (using "virtual" 3270 interface to the CP kernel).

Date: 03/31/83 08:30:24
From: wheeler
Subject: pcterm

pcterm is the program from YKT. it requires PCTERM running in a disconnected virtual machine & in your PC. PCTERM in the virtual machine VMCFs to PVM for simulation of the terminal session. From the PC, you have to dial the disconnected virtual machine after initial connection ... & there currently has to be a unique virtual machine running PCTERM for each connection.

PCTERM does both extensive data compression for transmission and the two programs handshake on character strings currently in each other's buffer ... allowing host to send down buffer pointers to PC instead of character strings (where possible). It also supports overlapped file transfer concurrently with active terminal session.


... snip ... top of post, old email index

Starting in the late 70s, I would co-sponsor "friday's after work" (sometimes with Jim Gray before he left for Tandem). The "new" deli (an Eric's) was still there I was by the old plant site ... but as in this recent reference/post ... the old research bldg (28) is now gone:
http://www.garlic.com/~lynn/2008f.html#29 Historic IBM Building 25 in San Jose destroyed by fire

Date: 03/31/83 12:43:56
From: wheeler
Subject: friday
To: friday distribution

since tomorrow is a day off ... today is virtual friday. Meet at the new deli across from the plant-site. ... this is a real bummer, plant-site substation is being turned off for the three days and also Los Gatos lab. is getting it's power turned off also. Anybody have a machine that will be up and running???? I've discovered PCTERM running on an IBM/PC ... but it requires an extra virtual machine(a "service" virtual machine which runs PCTERM and interfaces to PVM).


... snip ... top of post, old email index

previous picture of the setup
http://www.garlic.com/~lynn/homepc.jpg

home pc

misc. past posts mentioning PCTERM:
http://www.garlic.com/~lynn/2003n.html#7 3270 terminal keyboard??
http://www.garlic.com/~lynn/2003p.html#44 Mainframe Emulation Solutions
http://www.garlic.com/~lynn/2006y.html#0 Why so little parallelism?
http://www.garlic.com/~lynn/2007o.html#66 The use of "script" for program
http://www.garlic.com/~lynn/2007t.html#74 What do YOU call the # sign?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Technology and the current crisis

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Technology and the current crisis
Date: September 25, 2008
Blog: Risk Management
related answer here:
http://www.linkedin.com/answers/finance-accounting/risk-management/FIN_RMG/325559-25265027

a somewhat non-technical issue is how is it possible that anybody could believe that adding up a large number of subprime loans could ever result in triple-A ratings (the whole being much larger than the sum of the parts) ... this is either How to Lie with Statistics or the industry is staffed with a large number of pooh-bears (from winnie-the-pooh and the line about being a bear with no brain at all)

recent article:
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/


Another part of fiddling books ... is that at least part of the $700B would be required to replenish the $137B paid out in bonuses/rewards for having created the current situation ... article from last march:
The Fed's Too Easy on Wall Street
http://www.businessweek.com/#missing-article


--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Your thoughts on the following comprehensive bailout plan please

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Your thoughts on the following comprehensive bailout plan please
Date: September 25, 2008
Blog: Financial Regulation
I gave a talk at financial conference a couple yrs ago ... that SOX wouldn't actually reduce real fraud ... possibly just catch mistakes.

One example is that GAO has started database of increasing number of financial restatements (despite SOX) .... basically initial financial statements are inflated which are used to determine top executive bonuses ... then later when statements were restated, the bonuses aren't forfeited. An example freddie was fined $400m in 2004 for $10B in inflated statements ... and the CEO was replaced ... but allowed to keep tens (hundred?) of millions in bonuses.

some part of the $700B is to replenish the $137B sucked out by wall street as bonuses/rewards for having created the current situation.

reference in this answer
http://www.linkedin.com/answers/financial-markets/equity-markets/MKT_EQU/325790-5105043

this recent article:
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/


and related article from last March:
The Fed's Too Easy on Wall Street
http://www.businessweek.com/stories/2008-03-19/the-feds-too-easy-on-wall-streetbusinessweek-business-news-stock-market-and-financial-advice


PBS has program looking in detail at repeal of Glass-Steagall ... which can be found here:
The Wall Street "fix"
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/


--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 25, 2008
Blog: Credit Card
re:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#45 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#48 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

part of the work in the x9a10 financial standard working group (had been given the requirement in the mid-90s to preserve the integrity of the financial infrastructure for ALL retail payments) was detailed threat and vulnerability analysis. in the signature scenario ... there is basically single factor authentication ...... this is not only problem at the time the transaction is performed ... but also represents a vulnerability thruout the infrastructure (for things like skimming, data breaches, etc).

One of the (signature) analysis with respect to skimming & data breaches was from kindergarten security 101; security proportional to risk. Basically the value of the information to the merchant is proportional to some percentage of profit from the transaction ... while the value of the information to the crook is proportional to the credit limit &/or account balance. The implication is that the crook can potentially outspend by a factor of 100 times, attacking the system than the merchant can afford to spend defending the information (attempting to prevent data breaches)

As a result, the x9.59 financial transaction standard (from the x9a10 financial standard working group) ... eliminated the usefulness of the information to the attacker/crooks. X9.59 did nothing to eliminate skimming and/or data breaches
http://www.garlic.com/~lynn/x959.html#x959

... however, x9.59 changed the paradigm and eliminated the usefulness of the information to the crooks (the crooks could still attack ... but the resulting information is now worthless to the crooks). This reversed the positions on the playing field between the attackers/crooks and the merchants (since the information is now worth more to the merchant than to the crooks ... i.e. the information is effectively worthless to the crooks for the purpose of performing fraudulent transactions).

One of the other issues in the current paradigm attempting to add ever increasing security in attempt to prevent data breaches ... is that upwards of 70percent of such events involve insiders ... mostly supposedly going about their jobs.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

Refed: **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 25, 2008
Blog: Credit Card
re:
http://www.garlic.com/~lynn/2008n.html#54 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

oh .... the largest use of SSL in the world today is for hiding financial transaction information .... as part of this stuff we had worked on that is now frequently called electronic commerce (basically countermeasure to crooks using the information to generate fraudulent financial transactions). part of that activity was something called the payment gateway ... referenced in these posts:
http://www.garlic.com/~lynn/subnetwork.html#gateway

with the x9.59 financial standard eliminating the usefulness of such information to crooks ... it also eliminates the major use of SSL in the world today (for hiding financial transaction information).

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Thu, 25 Sep 2008 21:39:28 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/

from above:

They try to figure out what that worst case is by looking at how volatile markets have been in the past.

But since the markets were placid for several years (as mortgage bankers busily lent money to anyone with a pulse), the computers were slow to say that risk had increased as defaults started to rise.

It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.

... snip ...


so on one side now there is:
Risk Management Failings Spur Big Financial IT Investments
http://www.informationweek.com/news/showArticle.jhtml;jsessionid=EANUZD2ESZ23GQSNDLRSKHSCJUNN2JVN?articleID=201400075


and on the other side there is:
How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/


(postings to the above blog have added some number of examples)

I've sporadically drawn the parallel between CDOs and obfuscating "observation" in OODA-loops
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop

... CDOs were used two decades ago in the S&L crisis to obfuscate underlying values and unload the properties.

This is long-winded, decade-old post about many of the current problems, including the need for visibility into CDO-like instruments:
http://www.garlic.com/~lynn/aepay3.htm#riskm

There is possibility that one of the people responsible for the analysis that resulted in citibank getting out of the home mortgage business (in the troubles two decades ago, mentioned in the above post) ... was involved with increasingly sophisticated analytics:
How Conventional CDO Analytics Missed the Mark
http://www.bobsguide.com/guide/news/2007/Dec/20/Kamakura_Releases_Study:_How_Conventional_CDO_Analytics_Missed_the_Mark.html


from (20Dec2007) above:
"Two years ago the Wall Street Journal in a page 1 story pointed out the dangers in relying on the copula approach for CDO valuation, but investors were slow to realize the magnitude of their model risk"

... snip ...

the above isn't inconsistent with claims that computerized risk was manipulated.

however, somewhat the other side (although again not necessarily inconsistent)
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/


disclaimer, in the past we've visited these guys' offices (nice location); misc. past posts mentioning Kamakura:
http://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
http://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008g.html#64 independent appraisers
http://www.garlic.com/~lynn/2008j.html#29 dollar coins

Then there is (from last march) the following which includes mention that wall street took $137B out in bonuses during the period (reward for creating the current situation?, the proposed $700B would in part be used to replenish the amount taken out of the system by those bonuses):
The Fed's Too Easy on Wall Street
http://www.businessweek.com/#missing-article


The GAO has started a database of the increasing numbers of financial restatements (despite SOX). Basically financial statements are inflated ... and bonuses for top executives taken based on the inflated statements. Later the numbers are restated, but the bonuses not forfeited. An example, Freddie was fined $400m in 2004 for $10B inflation in statements and the CEO replaced ... however, the CEO kept tens of (hundred?) millions.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware renders multitasking OSes redundant

Refed: **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: VMware renders multitasking OSes redundant
Newsgroups: alt.folklore.computers
Date: Thu, 25 Sep 2008 22:56:28 -0400
VMware renders multitasking OSes redundant
http://www.theregister.co.uk/2008/09/25/vmware_needs_stripped_down_guests/

from above:
What would be good would be for the multi-tasking part of each guest OS to be simply discarded. It's not needed and, as VMware says, a paravirtualized guest OS (one that knows it's running under a hypervisor) could ignore it. The guest OS running under a hypervisor could be stripped down to a kernel, letting the hypervisor handle things like multi-tasking and talking through drivers to physical resources.

... snip ...

reminiscent of cp/67 and cambridge monitor system from the 60s.

i've mentioned that was very much what was done when apl\360 was ported to cms (for cms\apl) .... misc past posts mentioning APL (and/or HONE which extensively used apl applications for world-wide sales and marketing support):
http://www.garlic.com/~lynn/subtopic.html#hone

recent mentions of virtual appliances or service virtual machines ...
http://www.garlic.com/~lynn/2008.html#59 old internal network references
http://www.garlic.com/~lynn/2008b.html#52 China's Godson-2 processor takes center stage
http://www.garlic.com/~lynn/2008c.html#55 Kernels
http://www.garlic.com/~lynn/2008d.html#42 VM/370 Release 6 Waterloo tape (CIA MODS)
http://www.garlic.com/~lynn/2008e.html#11 Kernels
http://www.garlic.com/~lynn/2008e.html#15 Kernels
http://www.garlic.com/~lynn/2008g.html#22 Was CMS multi-tasking?
http://www.garlic.com/~lynn/2008h.html#97 Is virtualization diminishing the importance of OS?
http://www.garlic.com/~lynn/2008l.html#14 recent mentions of 40+ yr old technology
http://www.garlic.com/~lynn/2008m.html#67 Is Virtualisation a Fad?
http://www.garlic.com/~lynn/2008m.html#68 New technology trends?
http://www.garlic.com/~lynn/2008n.html#22 VMware Chief Says the OS Is History
http://www.garlic.com/~lynn/2008n.html#51 Baudot code direct to computers?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Traditional Approach Won't Take Businesses Far Places

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Traditional Approach Won't Take Businesses Far Places
Date: September 25, 2008
Blog: Business Intelligence
I had sponsored Col. Boyd's briefings at IBM in the early 80s. It started with Patterns of Conflict .... military examples of his OODA-loop concept ... but with applications of conflict to the commercial world. Along the way, he added a second briefing Organic Design for Command and Control.

The example for Organic Design for Command and Control was that many that had gotten their training as young officers during WW2, were starting to come of age and joining corporate America's executive ranks. The issue was that entry to WW2, US had to field large numbers of quickly trained and inexperienced men. In order to leverage the little experience available, a very rigid, top-down command & control infrastructure was created. As a result, this style of management was starting to permeate the corporate world. Several examples were given contrasting this style (basically assumed that only a few at the very top were qualified to make decisions) with lots of other organizations that assumed a high level of experience at all levels of the organization. The briefing ended with "Leadership and Appreciation" being more appropriate description for an alternative (much more agile and dynamic adaptive) style.

The rigid, top-down "command & control" style has been used to explain recent studies that the ratio of executive compensation to worker compensation has exploded to 400:1 ... up drastically from 20:1 and compared to 10:1 in much of the rest of the world.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

Refed: **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 26, 2008
Blog: Credit Card
one of the things looked at in the x9a10 financial standard working group and the x9.59 financial transaction standard ... was trade-off of eliminating the ever increasing costs of things like countermeasures for skimming and data breaches against the capital cost of new, more sophisticated POS terminal (i.e. x9.59 standard didn't do anything to preventing skimming and data breaches ... it just eliminated that anything bad would happen ... so it really no longer mattered if skimming and data breaches occured).
http://www.garlic.com/~lynn/x959.html#x959

The aggregate infrastructure cost for upgrading every POS terminal (not already upgraded) is significantly less than the alternative aggregate infrastructure costs (associated with the current status quo).

In the past, part of the issue about technology upgrades were that they didn't result in significant change ... so it started to appear like there would be a continued series of technology upgrade costs w/o any corresponding offsetting expense.

There is an alternative to looking at new, additional value propositions to offset the increased infrastructure costs ... there are approaches which can leverage technology to decrease aggregate infrastructure costs.

small footnote; there was article from 2006 that payment revenue at EU banks typically represent almost ten percent of annual revenues while it is closer to 40 percent for US banks (the higher interchange fees from signature products). the original article has gone 404.

related post from mar2006:
http://www.garlic.com/~lynn/aadsm23.htm#35 3 of the big 4 - all doing payment systems

Some of the related economics appears to also have affected SEPA.

re:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#45 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#48 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#53 Your thoughts on the following comprehensive bailout plan please
http://www.garlic.com/~lynn/2008n.html#54 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#55 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Costing for IT Services

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject:  Costing for IT Services
Date: September 26, 2008
Blog: The Greater IBM Connection
As an undergraduate, I got dragged into assisting with setting up Boeing Computer Services. In the period, dataprocessing was typically treated as cost/expense but at the same time recognized as a significant competitive business advantage. The idea was that if dataprocessing was moved into its own business unit, it could help reconcile the cost/expense aspect and the necessary investment to maintain competitive advantage (the executives heading up the dataprocessing business unit now dealt with the other executives on somewhat level playing field)

The idea seemed to catch on because the univ. also went to the legislature and got a similar setup for the university computing center.

In the 80s & 90s, there was some moves to superficially reduce the dataprocessing costs by replacing centralized mainframes with desktop computers ... where each individual employee was expected to provide services (previously performed by the datacenter).

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Sat, 27 Sep 2008 10:13:26 -0400
CBFalconer <cbfalconer@yahoo.com> writes:
Ugh. Double ugh. Bad. Evil. Long lasting undisposable waste.

for the fun of it ...

Deactivating Radioactive Waste In Hundreds, Not Millions, Of Years
http://www.sciencedaily.com/releases/2008/09/080922100148.htm

from above:
An efficient transmutation of radioactive waste requires the development of new facilities. In addition to specially designed fast reactors, the Accelerator-Driven Systems (ADS) present a new potential concept. This is an undercritical reactor, which cannot sustain any chain reaction. The neutrons necessary for stationary operations are supplied by a proton accelerator with a spallation target located in the reactor core.

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

Refed: **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Sat, 27 Sep 2008 10:34:33 -0400
Quadibloc <jsavard@ecn.ab.ca> writes:
Hydroelectricity indeed works at suitable locations on rivers. And solar power in the deserts. Wind power, though, does work better on the coasts, because that is the only place the wind is dependable enough for it to be usable as a primary source of electricity. But those sources are all limited. When we need more power, we can just build another nuclear power plant anywhere, as often as we like. This doesn't work with the nice fluffy renewable options. And wind and tidal power aren't 24/7.

past post about electric useage has large peaks .... one large hydroelectric plant used off-peak power to pump water to even higher level and then reversing the process during peak demand (using reversable pumps).
http://www.garlic.com/~lynn/2002n.html#43 VR vs. Portable Computing
http://www.garlic.com/~lynn/2007o.html#14 Geothermal was: VLIW pre-history

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

To what extent do IP networks meet the stringent requirements of High Availability (HA) where the target performance is 99.999%? What performance is obtained in practice

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: To what extent do IP networks meet the stringent requirements of High Availability (HA) where the target performance is 99.999%? What performance is obtained in practice.
Date: September 28, 2008
Blog: Computer Networking
Little or none of the gear is hardware fault tolerate ... most of it is commodity ... so to obtain five-nines (or five minutes of outage per year) ... there has to be lots of replicated boxes/connections for high-availability and no single point of failure. This typically implies multiple, parallel connections.

We had been brought in to consult with small client/server startup that wanted to do payment transactions on their server and wanted to use this technology they had invented called SSL. We had worked with the two people responsible for the thing called commerce server in prior life when we were doing our HA/CMP product as well as cluster scaleup. Old post mentioning that prior life
http://www.garlic.com/~lynn/95.html#13

Part of doing what is now frequently called electronic commerce was something called a payment gateway ... lots of past posts
http://www.garlic.com/~lynn/subnetwork.html#gateway

For the payment gateway deployment ... there was lots of HA replication.

There were additional issues for business critical dataprocessing ... not just limited to having lots of replicated boxes. At the time, we had to invent some amount of compensating processes and procedures ... in addition to just throwing in replicated hardware.1

we had signoff on the server/gateway so could mandate how it operated ... including compensating procedures related to how SSL was used. we had a little more difficult problem on the browser side ... and it took another year to get some simple compensating procedures on the client side.

I had worked with Jim Gray at research during the System/R days (original relational/sql implementation). After he left for Tandem, he did a study/report that (normal) hardware reliability was getting to the point where other parts of the infrastructure was starting to dominate failure modes .... software, people, environmental.

For instance, when we were out doing marketing for our HA/CMP product,
http://www.garlic.com/~lynn/subtopic.html#hacmp
we coined the terms disaster survivability and geographic survivability.
http://www.garlic.com/~lynn/submain.html#available

Typically to get from say, 1-2 nines availability, all the way to five-nines availability requires (at least) things like diverse (physical) routing as countermeasure to the dreaded backhoe (and similar) vulnerabilities. This is sometimes also referred to under the heading of telco provisioning.

There have been some differences moving from (telco) circuit-based infrastructure (having to support "dumb" endpoints) to packet-based (internet) operation with intelligent end-points. In the circuit-based operation with dumb endpoints, the infrastructure had to include all the fault masking. With intelligent end-points and packet-based infrastructure ... there has been a lot of fault masking built into the client protocols resident in the intelligent end-points.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Sun, 28 Sep 2008 14:54:15 -0400
Mensanator <mensanator@aol.com> writes:
How surprised were you to learn that the gasoline isn't completely burned either?

Simple Device Claimed To Boost Fuel Efficiency By Up To 20%
http://tech.slashdot.org/tech/08/09/27/0220256.shtml
Simple device which uses electrical field to boost gas efficiency developed by Temple University researcher
http://www.temple.edu/newsroom/2008_2009/09/stories/taofueldevice.htm
Electrorheology Leads to Efficient Combustion
http://pubs.acs.org/cgi-bin/sample.cgi/enfuemasap/html/ef8004898.html

related issue is efficiency of motor that converts the heat from burning into usable energy. i believe that there is something like 30percent for gasoline engines. wiki page:
https://en.wikipedia.org/wiki/Fuel_efficiency

from above:
Diesel engines often achieve greater fuel efficiency than petrol (gasoline) engines. Diesel engines have energy efficiency of 45% and petrol engines of 30%

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Whether, in our financial crisis, the prize for being the biggest liar is

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Whether, in our financial crisis, the prize for being the biggest liar is...
Date: September 28, 2008
Blog: Change Management
related answer here:

Do you think a robust business continuity and recovery plan could have saved the current financial crisis in US?
http://www.linkedin.com/answers/management/planning/MGM_PLN/330761-17266660
and
http://www.garlic.com/~lynn/2008n.html#56

including reference to this article:

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/

Part of inflating the bottom line (mentioned in the referenced answer) as part of boosting bonuses, included enormous leveraging ... despite it creating enormous long term risk. It could be considered consistent with the theme that such extremely risky behavior is rewarded and there being no corresponding downside risk (and therefor promotes moral hazard).

"Peter Pan" has been used as a snide analogy ... "never having to grow up" also means never being held responsible.

there was a business school article last spring that estimated possibly 1000 executives are responsible for 80percent of the current crisis and that it would go a long way to fixing the problem if the gov. to figure out a way for them to loose their jobs.

following has speculators significant bigger/larger problem than owner-occupied

Mortgagees Who Live In Home Less Likely To Default
http://www.consumeraffairs.com/news04/2008/10/mortgage_owners.html

the enormous amount of unregulated speculation moving in on the home owner market is going to take some time to clean out (basically allowed to treat home owner market like the unregulated 1920s stock market).

plots of home prices back to 70s and plots of ratio of home prices to salary ... also back to the 70s .... basically shows the recent situation as a unique, huge, ugly pimple/boil ... that has only about half-way deflated.

basically the above reference has something like $80B will take-care of the owner-occupied mortgages ... and everything else is pretty much enormous greed, corruption, and/or fraud.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

The 50 most significant moments of Internet history

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: The 50 most significant moments of Internet history
Newsgroups: alt.folklore.computers
Date: Sun, 28 Sep 2008 16:44:48 -0400
The 50 most significant moments of Internet history
http://crave.cnet.co.uk/software/0,39029471,49299033,00.htm

from above:
Back in 1995, Time magazine published a cover story called 'On A Screen Near You'. It highlighted the results of an 18-month Carnegie Mellon University study (with the dated title 'Marketing Pornography on the Information Superhighway') that looked at how much porn there was on the Net. And as demonstrated by the magazine's cover image of a shocked little boy in front of a computer, the Internet was overrun with porn and perverts, and the kids weren't safe any more.

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

Refed: **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Sun, 28 Sep 2008 23:57:25 -0400
Andrew Swallow <am.swallow@btinternet.com> writes:
Insurance is used for things that normally do not happen. Or only once every 5 or 10 years. Otherwise it is cheaper and simpler to open a savings account at your local bank.

In England you cannot get insurance for garden fences because they blow down everu 3 or 4 years.


there was an article claiming for the past 30-40(?) yrs, every year, something like 50% of the national disaster flood insurance payments went to the same places in mississippi ... even tho fed legislation was passed in the early 80s that properties that repeatedly got flooded every year would no longer be eligible for flood insurance payments (trying to get out of the business of the federal gov. subsidizing living on flood plains).

there were some snide remarks that it was actually used as federal economic subsidy to the state (state construction industry keep rebuilding in the same places year after year, possibly refer to them as disposible houses?).

ref in past posts/thread:
http://www.garlic.com/~lynn/2001.html#41 Where do the filesystem and RAID system belong?
http://www.garlic.com/~lynn/2001.html#42 Where do the filesystem and RAID system belong?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Mon, 29 Sep 2008 01:57:09 -0400
Dave Garland <dave.garland@wizinfo.com> writes:
Ever hear of the "Tennessee Valley Authority"? (They've got 3 nuclear plants as well as coal, combustion, and hydro plants.) The Hoover Dam? (In 1935 it was the largest electric generating plant in the world.) The Grand Coulee Dam?

I'm sure there are many more, both in the US and elsewhere.


... not just grand coulee
https://en.wikipedia.org/wiki/Hydroelectric_dams_on_the_Columbia_River

power is handled by BPA
http://www.bpa.gov/corporate/

bpa "facts"
http://www.bpa.gov/corporate/about_BPA/Facts/FactDocs/BPA_Facts_2007.pdf

The above mentions sustained peak capacity (january) is 41,528MW (from all sources ... i.e. about half hydro).

also from above:

Federal Hydro Projects
Name                          River, state         service          rating

Albeni Falls                  Pend Oreille, ID        1955          43 MW
Anderson Ranch                Boise, ID               1950          40 MW
Big Cliff                     Santiam, OR             1953          18 MW
Black Canyon                  Payette, ID             1925          10 MW
Boise River Diversion         Boise, ID               1912           3 MW
Bonneville                    Columbia, OR/WA         1938       1,077 MW
Chandler                      Yakima, WA              1956          12 MW
Chief Joseph                  Columbia, WA            1958       2,458 MW
Cougar                        McKenzie, OR            1963          25 MW
Detroit                       Santiam, OR             1953         100 MW
Dexter                        Willamette, OR          1954          15 MW
Dworshak                      Clearwater, ID          1973         400 MW
Foster                        Santiam, OR             1967          20 MW
Grand Coulee *10              Columbia, WA            1942       6,795 MW
Green Peter                   Santiam, OR             1967          80 MW
Green Springs                 Emigrant Crk, OR        1960          16 MW
Hills Creek                   Willamette, OR          1962          30 MW
Hungry Horse                  Flathead, MT            1953         428 MW
Ice Harbor                    Snake, WA               1962         603 MW
John Day                      Columbia, OR/WA         1971       2,160 MW
Libby                         Kootenai, MT            1975         525 MW
Little Goose                  Snake, WA               1970         810 MW
Lookout Point                 Willamette, OR          1953         120 MW
Lost Creek                    Rogue, OR               1977          49 MW
Lower Granite                 Snake, WA               1975         810 MW
Lower Monumental              Snake, WA               1969         810 MW
McNary                        Columbia, OR/WA         1952         980 MW
Minidoka                      Snake, ID               1909          28 MW
Palisades                     Snake, ID               1958         176 MW
Roza                          Yakima, WA              1958          11 MW
The Dalles                    Columbia, OR/WA         1957       1,808 MW

Total (31 dams)                                             20,460 MW

Owned and operated by the U.S. Army Corps of Engineers (21 dams)
Owned and operated by the Bureau of Reclamation (10 dams).

*10 Includes pump generation.
... snip ...

past reference to pump generation:
http://www.garlic.com/~lynn/2008n.html#62 VMware Chief Says the OS Is History
http://www.garlic.com/~lynn/2002n.html#43</a> VR vs. Portable Computing
http://www.garlic.com/~lynn/2007o.html#14</a> Geothermal was: VLIW pre-history

this post references some large datacenters
http://www.garlic.com/~lynn/2008g.html#3 It's Too Darn Hot

and looking at Iceland. But some of these large datacenters are going into the Washington (state) area because of both available electricity (from BPA) and water (for cooling).

earlier post
http://www.garlic.com/~lynn/2006q.html#43 21st century pyramids--super datacenters

and
http://www.garlic.com/~lynn/2008d.html#72 Price of CPU seconds

some references cited in the above regarding large datacenters around the columbia river:
http://www.isedb.com/db/blogs/1740/Size-Matters---Mega-Datacenters-Being-Built-Along-Columbia-River.html
http://www.nytimes.com/2006/06/14/technology/14search.html
http://www.informationweek.com/galleries/showGallery.jhtml?galleryID=62
http://www.wired.com/wired/archive/14.10/cloudware_pr.html

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Another quiet week in finance

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Another quiet week in finance
Date: September 29, 2008
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001102.html

somewhat long winded post repeated a few places ... archived flavors:
http://www.garlic.com/~lynn/2008n.html#52
http://www.garlic.com/~lynn/2008n.html#53
http://www.garlic.com/~lynn/2008n.html#56
http://www.garlic.com/~lynn/2008n.html#65

------

so on one side now there is:

Risk Management Failings Spur Big Financial IT Investments
http://www.informationweek.com/news/showArticle.jhtml;jsessionid=EANUZD2ESZ23GQSNDLRSKHSCJUNN2JVN?articleID=201400075

and on the other side there is:

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/

(postings to the above blog have added some number of examples)

I've sporadically drawn the parallel between CDOs and obfuscating "observation" in OODA-loops
http://www.garlic.com/~lynn/2008g.html#4 CDOs subverting Boyd's OODA-loop

... CDOs were used two decades ago in the S&L crisis to obfuscate underlying values and unload the properties.

This is long-winded, decade-old post about many of the current problems, including the need for visibility into CDO-like instruments:
http://www.garlic.com/~lynn/aepay3.htm#riskm

There is possibility that one of the people responsible for the analysis that resulted in citibank getting out of the home mortgage business (in the troubles two decades ago, mentioned in the above post) ... was involved with increasingly sophisticated analytics:

How Conventional CDO Analytics Missed the Mark
http://www.bobsguide.com/guide/news/2007/Dec/20/Kamakura_Releases_Study:_How_Conventional_CDO_Analytics_Missed_the_Mark.html

from (20Dec2007) above:
"Two years ago the Wall Street Journal in a page 1 story pointed out the dangers in relying on the copula approach for CDO valuation, but investors were slow to realize the magnitude of their model risk"

... snip ...

the above isn't inconsistent with claims that computerized risk was manipulated.

however, somewhat the other side (although again not necessarily inconsistent)

Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/

disclaimer, in the past we've visited these guys' offices (nice location); misc. past posts mentioning Kamakura:
http://www.garlic.com/~lynn/2007v.html#25 Newsweek article--baby boomers and computers
http://www.garlic.com/~lynn/2008.html#66 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008.html#70 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008b.html#12 Computer Science Education: Where Are the Software Engineers of Tomorrow?
http://www.garlic.com/~lynn/2008c.html#21 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008c.html#87 Toyota Sales for 2007 May Surpass GM
http://www.garlic.com/~lynn/2008g.html#64 independent appraisers
http://www.garlic.com/~lynn/2008j.html#29 dollar coins

Then there is (from last march) the following which includes mention that wall street took $137B out in bonuses during the period (reward for creating the current situation?, the proposed $700B would in part be used to replenish the amount sucked out of the system by those bonuses):

The Fed's Too Easy on Wall Street
http://www.businessweek.com/#missing-article

The GAO has started a database of the increasing numbers of financial restatements (despite SOX). Basically financial statements are inflated ... and bonuses for top executives taken based on the inflated statements. Later the numbers are restated, but the bonuses not forfeited. An example, Freddie was fined $400m in 2004 for $10B inflation in statements and the CEO replaced ... however, the CEO kept tens of (hundred?) millions.

Part of inflating the bottom line, as method of boosting bonuses, included enormous leveraging ... despite it creating enormous long term risk. It could be considered consistent with the theme that such extremely risky behavior is rewarded and there being no corresponding downside risk (and therefor promotes moral hazard)

There was a business school article from last spring that estimated approx. 1000 executives are responsible for 80percent of the current crisis and that it would go a long way to correcting the situation if the gov. figured out a way for them to loose their job.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Could you please tell me about RADIUS authentication and how it works?

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Could you please tell me about RADIUS authentication and how it works?
Date: September 29, 2008
Blog: identitymanagement
I first worked with it as part of setting up Livingston routers (RADIUS was part of Livingston product) ... before AT&T bought them. RADIUS was later provided to IETF for internet standard.

From my RFC index
http://www.garlic.com/~lynn/rfcietff.htm

select Term (term->RFC#) in the RFCs listed by section. Then select RADIUS in the fastpath section ... i.e.:
remote authentication dial in user service (RADIUS )
see also authentication , network access server , network services
5176 5090 5080 5030 4849 4818 4679 4675 4673 4672 4671 4670 4669 4668 4603 4590 4372 4014 3580 3579 3576 3575 3162 2882 2869 2868 2867 2866 2865 2809 2621 2620 2619 2618 2548 2139 2138 2059 2058


clicking on RFC number brings up the RFC summary in the frame ... i.e.
2865 DS
Remote Authentication Dial In User Service (RADIUS), Rigney C., Rubens A., Simpson W., Willens S., 2000/07/05 (76pp) (.txt=146456) (Updated by 2868, 3575, 5080) (Obsoletes 2138) (See Also 2866) (Refs 768, 1144, 1321, 1352, 1700, 1990, 2138, 2279, 2486) (Ref'ed By 2868, 2869, 2881, 2882, 2924, 2989, 3162, 3423, 3457, 3539, 3575, 3576, 3579, 3580, 3588, 3702, 3723, 3748, 3770, 3819, 3871, 3931, 3955, 3957, 4005, 4014, 4017, 4029, 4072, 4111, 4230, 4282, 4284, 4306, 4334, 4372, 4441, 4590, 4603, 4668, 4669, 4670, 4671, 4672, 4673, 4675, 4679, 4718, 4721, 4741, 4743, 4775, 4784, 4793, 4818, 4849, 4917, 4949, 4962, 5030, 5080, 5090, 5176, 5193, 5209, 5213, 5218, 5247, 5281, 5296, 5324) (RADIUS)


clicking on the ".txt=nnn" field (in the RFC summary) fetches the actual RFC.

For other topic drift ... past posts about AADS extensions for RADIUS
http://www.garlic.com/~lynn/subpubkey.html#radius

... basically registering public key in lieu of password ... and performing certificate-less digital signature based authentication.
http://www.garlic.com/~lynn/subpubkey.html#certless

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Clickjacking -- the new browser wipe-out

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Clickjacking -- the new browser wipe-out
Date: September 29, 2008
Blog: Financial Cryptography
re:
https://financialcryptography.com/mt/archives/001103.html

After having been involved in trouble shooting a network integrity problem in the 70s related to automatic scripting ... i've always run with no scripting, no plug-ins, no cookies, no automatic application.

I've found only a few sites that figure they absolutely need it ... so i have two browsers instances with different personalities open at the same time in different workspaces. The 2nd personality has noscript plug-in configured.

This is basically a form of the virtualization theme ... keeping things strongly isolated/partitioned. For the really paranoid there is process that automagically creates a whole virtual machine (from scratch) for browser session ... and then the whole thing is scrubbed/discarded.

This is also related to the theme about virtualization being used eliminating the current traditional desktop operating systems and replacing it with a virtual machine layer with multiple virtual appliances ... basically drastically simplified monitors for specific environments (increasing security since it eliminates a lot of the complexity that contributes to vulnerabilities).

this was somewhat the cp67 & cms implementation from the 60s.

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40+ yrs virtualization experience, online at home since Mar70

Why was Sarbanes-Oxley not good enough to sent alarms to the regulators about the situation arising today?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Why was Sarbanes-Oxley not good enough to sent alarms to the regulators about the situation arising today?
Date: September 29, 2008
Blog: Financial Regulation
GAO has started a database of increasing number of financial restatements (despite SOX). Basically the financial statement is inflated ... and the executives take bonuses based on the inflated statement. Later the finances may be restated but the bonuses are not forfeited. An example is freddie that was fined $400m in 2004 for statements that had been inflated $10B and the CEO was replaced ... however the CEO kept tens of (hundred?) million in bonuses.

I gave a talk a couple yrs ago at european financial conference that SOX wouldn't be able to catch various kinds of computerized financial fiddling.

some related articles:

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/

related answer:

Do you think a robust business continuity and recovery plan could have saved the current financial crisis in US?
http://www.linkedin.com/answers/management/planning/MGM_PLN/330761-17266660

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40+ yrs virtualization experience, online at home since Mar70

In your experience which is a superior debit card scheme - PIN based debit or signature debit?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: In your experience which is a superior debit card scheme - PIN based debit or signature debit?
Date: September 29, 2008
Blog: Credit Card
as referenced previously about significance of interchange revenue, there have been several times over the past decade ... the issue of impact on interchange revenue has raised its head with regard to the introduction of new payment technologies. (the difference in possible impact on profit between US and EU financial institutions has also been claimed to contribute to the difference in uptake in new technologies)

E-payment threat to bank revenue
http://www.finextra.com/fullstory.asp?id=19054

from above:
The increasing popularity of online payment providers like PayPal and Amazon Checkout, combined with the emergence of mobile commerce, threatens to leave banks lagging in the e-commerce world, according to Cisco.

Cisco says payments represent 35% to 45% of banking revenue and 30%-40% of operating profits but warns that high-speed networks and mobile devices are opening up opportunities for new players to bypass the existing value chain.


... snip ...

past posts in threads:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#45 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#48 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#54 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#55 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#59 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

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40+ yrs virtualization experience, online at home since Mar70

Why can't we analyze the risks involved in mortgage-backed securities?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Why can't we analyze the risks involved in mortgage-backed securities?
Date: September 29, 2008
Blog: Risk Management
a couple related answers/questions:

Do you think a robust business continuity and recovery plan could have saved the current financial crisis in US?
http://www.linkedin.com/answers/management/planning/MGM_PLN/330761-17266660

Did the financial institutions on Wall Street violate the basic tenets of diversification as it relates to the amounts of mortgage backed securities on their balance sheets?
http://www.linkedin.com/answers/finance-accounting/economics/FIN_ECO/331412-20738879

Sarbanes-Oxley is considered to be overly complex and regulatory burden on US Companies by many opponents of the act. Why was Sarbanes-Oxley not good enough to sent alarms to the regulators about the situation arising today?
http://www.linkedin.com/answers/finance-accounting/financial-regulation/FIN_FRG/331712-8075913

referencing several articles about fiddling of computerized risk.

Warren Buffett gave an interview a couple weeks ago and commented about having been the largest shareholder in Freddie in 2000-2001 ... but got totally out because of their accounting practices.

GAO is doing database of increasing number of financial restatements. Basically financial statements are inflated to boost executive bonuses (in spite of SOX). Later the financials may be restated but the bonuses aren't forfeited. An example was Freddie which was fined $400m in 2004 for $10b inflation in statements and the CEO replaced ... but allowed to keep tens of (hundred?) of millions.

The extreme leveraging of triple-A rated toxic CDOs ... also showed inflated earnings ... which increased executive bonuses ... but would eventually crash (basically another kind of play on juicing bonuses).

There was an article from last spring claiming wall street sucked out $137b in bonuses during the period (reward for creating the crisis?). Part of the $700b could be considered replenishing the $137b sucked out in those bonuses.

There was a business school article last spring that claimed possible 1000 executives are responsible for 80% of the crisis and it would go a long way to fixing the problems if the gov. could figure out how they could loose their jobs.

On the consumer side of mortgage origination and the triple-A rated toxic CDOs ... unregulated morgage originators being able to unload all the mortgages they could write (as triple-A rated toxic CDOs) ... pretty much eliminated any motivation to pay any attention to mortgage quality. They could write no-documentation, 1-2percent introductory interest rate ARM, no-down payment, interest only payment (and immediately unload as triple-A rated toxic CDO) .... providing huge amount of fuel for speculators (who figured they could unload before rate reset at huge profit).

The enormous amount of speculation caused huge inflation in prices. Graphing inflation adjusted house prices .... as well as ratio of avg house price to avg salary (going back to 70s) ... both shows a huge ugly pimple/boil that is only about half-way deflated (much worse than the S&L crisis)

The enormous amount of speculation also motivated over production and building ... which has resulted in large excess inventory. Besides the ugly speculation boil still having a ways to go deflating ... there is danger, because of the excess inventory, that the downward spiral will continue past the reset point.

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40+ yrs virtualization experience, online at home since Mar70

Should online transactions be allowed on credit cards without adequate safeguards?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Should online transactions be allowed on credit cards without adequate safeguards?
Date: September 30, 2008
Blog: Risk Management
There is extended discussion related to several of the issues in the

In your experience which is a superior debit card scheme - PIN based debit or signature debit ? In markets where Chip n PIN are not mandated, have Banks preferred one scheme over the other?

thread in the Credit Card Professionals group

We had been called in to consult with a small client/server startup that wanted to do payment transactions on their server and they had this technology they had invented called SSL they wanted to use. Part of that effort is something called the payment gateway ... misc. past posts
http://www.garlic.com/~lynn/subnetwork.html#gateway

and is now frequently called electronic commerce.

We were then asked to participate in the x9a10 financial standard working group which had been given the requirement to preserve the integrity of the financial infrastructure for all retail payments (ALL ... POS, non-face-to-face, internet, etc). As part of x9a10, there were detailed, end-to-end threat and vulnerability studies and resulted in the x9.59 financial standard ... misc. past references
http://www.garlic.com/~lynn/x959.html#x959

Part of the detailed, end-to-end threat and vulnerability studies looked at issues with single factor, static, shared-secret, something you know authentication information. In effect, the current paradigm horribly burdens the account number with both needing to be widely available for numerous business processes and at the same time requiring it to be kept confidential and never divulged.

the other was looking at things like skimming, evesdropping (primary use in the world today of SSL is to prevent divulging account number), and data breaches. Something from kindergarten, security 101 was security proportional to risk. Basically the value of the information to the merchant is worth some percent of the profit off each transaction while the value of the information to the attacker/crook/insider is worth the account balance/credit-limit ... as a result the crooks (attacking the system) can frequently afford to outspend the merchant (defending the system) by a factor of 100 to one.

Part of x9.59 standard was to slightly tweak the paradigm and eliminate the usefullness of the information to the crooks (and as a side-effect eliminates the major use of SSL in the world today).

we would periodically joke ... that because of the dual-use nature of transaction information with diametrically opposing requirements (generally available for numerous business processes and at the same time must be kept confidential and never divulged) ... that even if the planet was buried under miles of information hiding encryption ... it still wouldn't be able to prevent information leakage.

lots of past archived posts discussing various aspects of current paradigm in threads about naked transactions
http://www.garlic.com/~lynn/subintegrity.html#payments

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40+ yrs virtualization experience, online at home since Mar70

VMware Chief Says the OS Is History

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Tue, 30 Sep 2008 11:29:58 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
the other issue is efficiency of motor that converts the heat from burning into usable energy. i believe that there is something like 30percent for gasoline engines. wiki page:
https://en.wikipedia.org/wiki/Fuel_efficiency

from above:

Diesel engines often achieve greater fuel efficiency than petrol (gasoline) engines. Diesel engines have energy efficiency of 45% and petrol engines of 30%


Solar Cell Sets World Efficiency Record At 40.8 Percent
http://www.sciencedaily.com/releases/2008/09/080929220900.htm
Scientists at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) have set a world record in solar cell efficiency with a photovoltaic device that converts 40.8 percent of the light that hits it into electricity. This is the highest confirmed efficiency of any photovoltaic device to date.

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Power sources

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Power sources
Newsgroups: alt.folklore.computers
Date: Tue, 30 Sep 2008 11:44:17 -0400
jmfbahciv <jmfbahciv@aol> writes:
In the house where my Dad lived as a kid, it was much later than that.

They dug pits for vegetable storage for the winter. I'm already canning meats, vegetables and fruits.


I remember ice box as kid & root celler dug under the house.

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40+ yrs virtualization experience, online at home since Mar70

Isn't it the Federal Reserve role to oversee the banking system??

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Isn't it the Federal Reserve role to oversee the banking system??
Date: September 30, 2008
Blog: Equity Markets
In the aftermath of the crash of '29, the Glass-Steagall act was passed to keep the safety&soundness of regulated banking separate from unregulated high risk investment banking. A little less than a decade ago, Glass-Steagall was repealed. PBS programming looking at the repeal of Glass-Steagall in some detail:

the Wall Street "FIX"
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet

In the past, the home owner market was somewhat indirectly regulated since mortgage origination was by regulated banks using deposits (& loans would remain on their books and therefor there was significant motivation to manage for loan quality)

in the current situation, unregulated mortgage originators would leverage triple-A rated toxic CDOs as a mechanism to fund their operations as well as unloading the mortgages. Being able to immediately unload mortgages as triple-A rated toxic CDOs, basically eliminated a lot of the motivation to pay attention to loan quality. As a result there were a lot of no-documentation, no-down-payment, 1-2 percent introductory rate ARMs, possibly done as interest-only payments. There were a lot of speculators picking up these loans ... basically planning on flipping before the rates adjusted.

The huge amount of speculation created a huge ugly pimple/boil inflation in the home owner market. Basically plot both inflation adjusted home prices as well as home prices as ratio to avg. salary .... back to the 70s ... the current ugly inflated boil uniquely stands-out and has only about half-way deflated.

Toxic CDOs had been also used two-decades ago in the S&L crisis to obfuscate the underlying values and unload the related properties.

A year or so ago ... there were comments that freddie & fannie would be little affected by "sub-prime" mortgage meltdown... since they didn't deal in subprime mortgages. However, there are now claims that freddie leveraged up as much 80 times buying triple-A rated toxic CDOs (as opposed to directly buying the mortgages). Laundering the "sub-prime" mortgages thru triple-A rated toxic CDOs seemed to have caught a lot of institutions. related articles:

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/

.... basically a combination of factors allowed speculators to move in on the home owner market and treat it like the unregulated 1920s stock market.

One of the current issues is the loss of confidence in rating services ... having given out all those triple-A ratings to toxic CDOs (and the resulting uncertainty contributing to lots of paralysis). There is a separate issue with the toxic CDOs being somewhat obscure and harder to evaluate ... provides for plausible deniability.

One of the tv business news shows had spokesman from one of the rating agencies on last week to talk about rating downgrades to some of the companies. The host of the show, spent much of the time trying to get the spokesman to admit to being responsible for the current crisis.

following has speculators much bigger problem than owner-occupied:

Mortgagees Who Live In Home Less Likely To Default
http://www.consumeraffairs.com/news04/2008/10/mortgage_owners.html

the enormous amount of unregulated speculation moving in on the home owner market is going to take some time to clean out (basically allowed to treat home owner market like the unregulated 1920s stock market).

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Google Data Centers 'The Most Efficient In The World'

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Google Data Centers 'The Most Efficient In The World'
Newsgroups: alt.folklore.computers
Date: Wed, 01 Oct 2008 17:40:27 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
earlier post
http://www.garlic.com/~lynn/2006q.html#43 21st century pyramids--super datacenters

and
http://www.garlic.com/~lynn/2008d.html#72 Price of CPU seconds

some references cited in the above regarding large datacenters around the columbia river:
http://www.isedb.com/db/blogs/1740/Size-Matters---Mega-Datacenters-Being-Built-Along-Columbia-River.html
http://www.nytimes.com/2006/06/14/technology/14search.html
http://www.informationweek.com/galleries/showGallery.jhtml?galleryID=62
http://www.wired.com/wired/archive/14.10/cloudware_pr.html


re:
http://www.garlic.com/~lynn/2008n.html#68 VMware Chief Says the OS Is History

Google Data Centers 'The Most Efficient In The World'
http://www.informationweek.com/news/internet/security/showArticle.jhtml?articleID=209600041

from above:
Teetzel explained that while all data centers use water for cooling, Google-designed data centers don't use water for chillers, which are a kind of air conditioner. Instead, Google uses cooling towers, which just let the water evaporate without using any power.

... snip ...

Are Google's Data Centers the Greenest?
http://blogs.cioinsight.com/parallax_view/content/data_center/are_googles_data_centers_the_greenest_1.html

Google Commitment to Sustainable Computing
http://www.google.com/corporate/datacenters/

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Why did Sox not prevent this financal crises?

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Why did Sox not prevent this financal crises?
Date: October 1, 2008
Blog: Risk Management
A couple weeks ago Warren Buffett in an interview said that he had been the largest freddie shareholder in 2000-2001 but got out because of their accounting practices

GAO has started database of inceasing number of financial restatements (despite SOX). Basically financials were inflated and the executives take bonuses based on the inflated financials. Later the financials may be restated but the executives don't forfeit the bonuses. An example was freddie was fined $400m for $10B inflated statements and the CEO was replaced ... but tens of (hundred?) millions were kept.

somewhat related article ...

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Sea level

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Sea level
Newsgroups: alt.folklore.computers
Date: Wed, 01 Oct 2008 21:49:13 -0400
CBFalconer <cbfalconer@yahoo.com> writes:
Hunh? What has that to do with anything? The lakes, river, Atlantic ocean were all there at essentially the same levels long before any canals. So did I (exist), although the Lachine canal did exist back then.

i.e. picture of boats being raised/lowered in the locks ...

related reference on welland canal (part of st. lawrence seaway) to "bypass niagara falls"
https://en.wikipedia.org/wiki/Welland_Canal

from above:
The canal's Lake Erie (southern) terminus, at Port Colborne, is 99.5 m (326.5 feet) higher in elevation than the Lake Ontario (northern) terminus at Port Weller. The canal comprises eight lift locks,

... snip ...

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Fraud in financial institution

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From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Fraud in financial institution
Date: October 1, 2008
Blog: Financial Crime Risk, Fraud and Security
GAO has started a database of increasing numbers of financial restatements (in spite of SOX). Basically the financial statements are inflated, the executives take bonuses based on the inflated statements. Later the financials may be restated ... but the bonuses aren't forfeited. An example in 2004, freddie was fined $400m for $10B in inflated statements. The CEO was replaced ... but kept the tens of (hundred?) millions in bonuses.

Somewhat related articles:

How Wall Street Lied to Its Computers
http://bits.blogs.nytimes.com/2008/09/18/how-wall-streets-quants-lied-to-their-computers/
The Fed's Too Easy on Wall Street
http://www.businessweek.com/1997/34/trans34/shugart.htm
Subprime = Triple-A ratings? or 'How to Lie with Statistics' (gone 404 but lives on at the wayback machine)
https://web.archive.org/web/20071111031315/http://www.bloggingstocks.com/2007/07/25/subprime-triple-a-ratings-or-how-to-lie-with-statistics/
The Wall Street "fix"
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet

We had been called in to help word-smith the cal. electronic signature legislation (and later fed). Some of the other parties involved were also involved heavily in privacy issues and had done in-depth consumer privacy studies and found the most important issue was identity theft ... and the second most important issue was "denial of services" (by institutions and gov. agencies based on personal information). In turned out that much of "identity theft" was a result of various kinds of security breaches and data breaches ... but little or nothing was being done to address the cause. This appeared to be the origin of the cal. state data breach notification legislation (and then later similar legislation in other states; i.e. assumption that the resulting publicity would result in action being taken). There are also studies that up to 70percent of such identity theft have involved insiders.

FTC and others have done some effort at kinds of identity theft ... with the largest subclass being "account fraud" ... i.e. using information gathered to perform fraudulent transactions against existing accounts.

Somewhat related answer:

Should online transactions be allowed on credit cards without adequate safeguards?
http://www.linkedin.com/answers/finance-accounting/risk-management/FIN_RMG/331693-1207156

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Sea level

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Sea level
Newsgroups: alt.folklore.computers
Date: Thu, 02 Oct 2008 08:44:28 -0400
jmfbahciv <jmfbahciv@aol> writes:
That's how I read it. Atlantic Ocean level wouldn't apply in this discussion (building dams on flat land to provide power).

Fort Peck Dam ... is pretty flat land ... but they managed to get enuf elevation between the top of the dam and the bottom for power generation, wiki reference:
https://en.wikipedia.org/wiki/Fort_Peck_Dam

some cases this happens when the flow of the river has cut a channel (than the surrounding area) and the dam is then built in the channel.

related hydroelectric post
http://www.garlic.com/~lynn/2008n.html#68 VMware Cheif Says the OS Is History

related Sea level post
http://www.garlic.com/~lynn/2008n.html#81 Sea level

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40+yrs virtualization experience (since Jan68), online at home since Mar70

Sea level

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Sea level
Newsgroups: alt.folklore.computers
Date: Thu, 02 Oct 2008 09:00:34 -0400
jmfbahciv <jmfbahciv@aol> writes:
I suppose next to the paper mills in Grand Rapids would be the closest (on the Grand River). I don't think people would allow any trout streams to be used. People still hunt and fish in that state (my nephew shot his first buck on the first day of deer hunting--8 points).

re:
http://www.garlic.com/~lynn/2008n.html#83 Sea level

Fort Peck bills itself as great recreational and hunting area. Last summer, I was returning to the states from Victoria and the US custom agent had just recently been posted there from eastern montana ... and talked about deer hunting in the Fort Peck reservoir area.

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40+yrs virtualization experience (since Jan68), online at home since Mar70

VMware Chief Says the OS Is History

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: VMware Chief Says the OS Is History
Newsgroups: alt.folklore.computers
Date: Thu, 02 Oct 2008 09:06:31 -0400
Morten Reistad <first@last.name> writes:
I'll update my figure to 40+% then :->

Note they use a three-in-one design to capture and generate separately in three different colour bands, plus a reflector device at the bottom?

This will never be cheap.


re:
http://www.garlic.com/~lynn/2008n.html#76 VMware Chief Says the OS Is History

Sharp Launches Mass Production of 2nd-Generation Thin-Film Solar Cells
http://www.physorg.com/news142100382.html

from above:
Photovoltaic modules fabricated using the 2nd-generation thin-film solar cells manufactured on this new production line feature an industry-leading 9% module conversion efficiency and high 128 W power output. Also, making the substrates larger and boosting power output means fewer modules are required for a given installation than before, making it possible to reduce the cost of installed systems. This can be expected to lower the cost of generating electricity.

... snip ...

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Thu, 02 Oct 2008 10:28:57 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
later there were articles about all sorts of people (teachers, police, garbage collectors, clerks) getting caught up in the speculation frenzy, buying 2-3 condos, getting "no documentation", "no down payment", ARMs ... with very low 2-3 yr introductory interest rate and were anticipating flipping the properties for huge profit before the ARMs rate reset.

re:
http://www.garlic.com/~lynn/2008n.html#29 Blinkylights

following has speculators significant bigger/larger problem than owner-occupied

Mortgagees Who Live In Home Less Likely To Default
http://www.consumeraffairs.com/news04/2008/10/mortgage_owners.html

the enormous amount of unregulated speculation moving in on the home owner market is going to take some time to clean out (basically allowed to treat home owner market like the unregulated 1920s stock market).

basically the above reference has something like $80B will take-care of the owner-occupied mortgages ... and everything else is pretty much enormous greed, corruption, and/or fraud.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

STUDY: Lights Out In 2009?

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: STUDY: Lights Out In 2009?
Newsgroups: alt.folklore.computers
Date: Thu, 02 Oct 2008 17:34:42 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
bpa "facts"
http://www.bpa.gov/corporate/about_BPA/Facts/FactDocs/BPA_Facts_2007.pdf

The above mentions sustained peak capacity (january) is 41,528MW (from all sources ... i.e. about half hydro).


re:
http://www.garlic.com/~lynn/2008n.html#68 VMware Chief Says the OS Is History

STUDY: Lights Out In 2009? The United States Faces Serious Risks of Brownouts or Blackouts in 2009, Study Warns
http://www.redorbit.com/news/technology/1575722/study_lights_out_in_2009/index.html

from above:
The study, estimated that the U.S. will require about 120 gigawatts (GW) of new generation just to maintain a 15 percent reserve margin. That will require at least $300 billion in generation and transmission facility investments by 2016.

... snip ...

slight drift:
http://www.garlic.com/~lynn/2008n.html#86 Blinkylights

misc. past posts mentioning fraying infrastructure:
http://www.garlic.com/~lynn/2007q.html#18 Fixing our fraying Internet infrastructure
http://www.garlic.com/~lynn/2007q.html#60 Fixing our fraying Internet infrastructure
http://www.garlic.com/~lynn/2008e.html#42 Banks failing to manage IT risk - study
http://www.garlic.com/~lynn/2008e.html#43 fraying infrastructure
http://www.garlic.com/~lynn/2008e.html#47 System z10 announcement (in English)
http://www.garlic.com/~lynn/2008e.html#48 fraying infrastructure
http://www.garlic.com/~lynn/2008e.html#49 Any benefit to programming a RISC processor by hand?
http://www.garlic.com/~lynn/2008e.html#50 fraying infrastructure
http://www.garlic.com/~lynn/2008e.html#53 Why Is Less Than 99.9% Uptime Acceptable?
http://www.garlic.com/~lynn/2008e.html#54 news maintenance: Prison pushes
http://www.garlic.com/~lynn/2008h.html#3 America's Prophet of Fiscal Doom
http://www.garlic.com/~lynn/2008i.html#98 dollar coins
http://www.garlic.com/~lynn/2008j.html#24 To: Graymouse -- Ireland and the EU, What in the H... is all this about?
http://www.garlic.com/~lynn/2008j.html#80 dollar coins
http://www.garlic.com/~lynn/2008k.html#61 Historian predicts the end of 'science superpowers'
http://www.garlic.com/~lynn/2008k.html#68 Historian predicts the end of 'science superpowers'
http://www.garlic.com/~lynn/2008k.html#71 Cormpany sponsored insurance
http://www.garlic.com/~lynn/2008l.html#25 dollar coins
http://www.garlic.com/~lynn/2008l.html#36 dollar coins
http://www.garlic.com/~lynn/2008l.html#38 dollar coins
http://www.garlic.com/~lynn/2008n.html#8 Taxcuts
http://www.garlic.com/~lynn/2008n.html#13 Michigan industry
http://www.garlic.com/~lynn/2008n.html#35 Builders V. Breakers
http://www.garlic.com/~lynn/2008n.html#41 VMware Chief Says the OS Is History

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 03 Oct 2008 10:43:06 -0400
jmfbahciv <jmfbahciv@aol> writes:
I was talking about the home owner's bankruptcy, not the bank going bankrupt. The whole problem with home ownership's is that the loans were not securitized.

The home owner bought a house and borrowed money to buy the house. If the reason for this owner to declare bankruptcy is due to an exotic interest rate loan, the I see no problem changing the rate to a fixed but the home owner still should be paying off the loan's principle. So what if the loan amount match the current so-called value of the property. It will go up later.


re:
http://www.garlic.com/~lynn/2008n.html#86 Blinkylights

note that the study basically says that $80B would pretty much handle the mortgage problems with standard owner-occupied homes ...

as per prior posts ... the enormous problems are with the speculation on the home-owner/mortgage-origination side of the triple-A rated toxic CDOs .. and on the other, institutional side of the triple-A rated toxic CDOs.

that would make it appear that "normal" home owners have been significantly more rational than the enormous greed, corruption, and/or fraud that permeated much of the other parties in all this.

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Fri, 03 Oct 2008 14:15:41 -0400
sidd <sidd@situ.com> writes:
principal cramdown in bankruptcy is not in this bill but if the gubmint is sole holder of whole mortgage or securitized package of loans, then it can choose to do a principal mod, or other workout.

i think the bankruptcy principal cramdown was in an early version of the bill, but was taken out..bankers dont like it


re:
http://www.garlic.com/~lynn/2008n.html#86 Blinkylights
http://www.garlic.com/~lynn/2008n.html#88 Blinkylights

eventual aggregate trillion dollar plus provides for a lot more opportunities (and can be used to cover a whole lot more sins) ... than doing the direct possibly only $80B

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Credit Card Security

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Credit Card Security
Date: October 3, 2008
Blog: Financial Regulation
Chips by themselves don't necessarily improve security ... the YES CARD scenario has even been described as having spent billions of dollars to prove that chips are less secure than magstripe .... i.e. skim static data ... effectively using some of same skimming technology used w/magstripe ... which is then used to create a counterfeit. The difference then is that the counterfeit chip is allowed to tell the terminal that the 1) transaction is to be done offline ("YES"), 2) the correct PIN has been entered ("YES"), and 3) transaction is within credit limit ("YES"). Deactivating the account number at the issuing institution didn't do anything since the chip was allowed to dictate an offline transaction. old reference here:
http://web.archive.org/web/20030417083810/http://www.smartcard.co.uk/resources/articles/cartes2002.html

archived answer to similar question
http://www.garlic.com/~lynn/2008n.html#45 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

in credit card professional group
http://www.linkedin.com/groups?gid=65738

We had been called in to consult with a small client/server startup that wanted to do financial transactions on severs and they had invented this technology they called "SSL" that they wanted to use. Part of the deployment included something called the payment gateway
http://www.garlic.com/~lynn/subnetwork.html#gateway

and is now frequently called "electronic commerce".

Then in the mid-90s, we were asked to participate in the X9A10 financial standard working group which had been given the requirement to preserve the integrity of the financial infrastructure for all retail payments (i.e. ALL as in ALL, internet, point-of-sale, face-to-face, non-face-to-face, etc, i.e. ALL). This involved doing detailed, end-to-end, vulnerability and treat studies ... and resulted in the x9.59 financial standard
http://www.garlic.com/~lynn/x959.html#x959

Part of the analysis was something from kindergarten, security 101 ... security proportional to risk; basically static information from previous transactions are sufficient for a crook to create new, fraudulent transactions. The security proportional to risk (for the merchant) the information from previous transactions is worth some percent of the profit on the transaction ... while the information to the crook is worth the account credit-limit/balance; as a result, the crook can frequently out-spend the merchant by 100 times attacking the system as the merchant can afford to spend defending/protecting the system.

oh and similar question also here:

Should online transactions be allowed on credit cards without adequate safeguards?
http://www.linkedin.com/answers/finance-accounting/risk-management/FIN_RMG/331693-1207156
and also archived answer
http://www.garlic.com/~lynn/2008n.html#75 Should online transactions be allowed on credit cards without adequate safeguards?

Another part of the detailed end-to-end threat and vulnerability studies was the aspect that previous transaction information represented "dual-use" ... i.e. the transaction information needed to be generally available for numerous business processes ... but crooks having access to the transaction information could use it for fraudulent transactions. This created diametrically opposing requirements ... the information generally available and at the same time has to be kept totally confidential and never made available (presumably even for the purpose of executing the transaction). Part of the vulnerability included reports that up to 70percent of identity theft (accessing the information) has involved "insiders".

In any case, we've periodically made the semi-facetious statement that even if the planet was buried under miles of information hiding encryption ... it still wouldn't prevent information leakage.

other posts in the "credit card professionals" thread:
http://www.garlic.com/~lynn/2008n.html#38 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#48 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#54 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#55 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#59 In your experience which is a superior debit card scheme - PIN based debit or signature debit?
http://www.garlic.com/~lynn/2008n.html#73 In your experience which is a superior debit card scheme - PIN based debit or signature debit?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

How did http get a port number as low as 80?

Refed: **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: How did http get a port number as low as 80?
Newsgroups: alt.folklore.computers
Date: Sat, 04 Oct 2008 21:42:58 -0400
James Harris <james.harris.1@googlemail.com> writes:
It seems odd that the world wide web's transport protocol should have a very low TCP port number given the web's relative youth.

Was port 80 already allocated for something else that was no longer needed and so could be reused? Was port 80 skipped when other numbers were allocated? Or does HTTP predate Tim Berners Lee's use of it?

Anyone know the history of this assignment?


my rfc index:
http://www.garlic.com/~lynn/rfcietff.htm

summary for rfc 1060:
http://www.garlic.com/~lynn/rfcidx3.htm#1060
1060 -H
ASSIGNED NUMBERS, Postel J., Reynolds J., 1990/03/20 (86pp) (.txt=173105) (Obsoleted by 1340) (Obsoletes 1010) (Ref'ed By 1171, 1172, 1177, 1188, 1190, 1201, 1206, 1207, 1209, 1221, 1224, 1225, 1234, 1246, 1247, 1293, 1294, 1325, 1329, 1331, 1332, 1349)


rfc1060 Assinged numbers, march 1990 doesn't have http.

part of the (port) assigned numbers from 1060


    61       NI-MAIL    NI MAIL                                [5,SK8]
63       VIA-FTP    VIA Systems - FTP                        [DXD]
65       TACACS-DS  TACACS-Database Service               [3,KH43]
67       BOOTPS     Bootstrap Protocol Server            [36,WJC2]
    68       BOOTPC     Bootstrap Protocol Client            [36,WJC2]
69       TFTP       Trivial File Transfer               [126,DDC1]
    71       NETRJS-1   Remote Job Service                   [10,RTB3]
72       NETRJS-2   Remote Job Service                   [10,RTB3]
73       NETRJS-3   Remote Job Service                   [10,RTB3]
74       NETRJS-4   Remote Job Service                   [10,RTB3]
    75                  any private dial out service             [JBP]
77                  any private RJE service                  [JBP]
    79       FINGER     Finger                                [52,KLH]
81       HOSTS2-NS  HOSTS2 Name Server                      [EAK1]
83       MIT-ML-DEV MIT ML Device                            [DPR]
85       MIT-ML-DEV MIT ML Device                            [DPR]
    87                  any private terminal link                [JBP]
89       SU-MIT-TG  SU/MIT Telnet Gateway                    [MRC]
    91       MIT-DOV    MIT Dover Spooler                        [EBM]
93       DCP        Device Control Protocol                 [DT15]
95       SUPDUP     SUPDUP                                [27,MRC]
97       SWIFT-RVF  Swift Remote Vitural File Protocol       [MXR]
    98       TACNEWS    TAC News                                [ANM2]
99       METAGRAM   Metagram Relay                          [GEOF]

... snip ...

rfc1340 replaced rfc1060, july 1992 and has http

summary for rfc 1340:
http://www.garlic.com/~lynn/rfcidx4.htm#1340
1340 -
ASSIGNED NUMBERS, Postel J., Reynolds J., 1992/07/10 (139pp) (.txt=232974) (Obsoleted by 1700) (Obsoletes 1060) (Ref'ed By 1334, 1356, 1374, 1377, 1378, 1390, 1392, 1393, 1408, 1409, 1413, 1414, 1416, 1428, 1480, 1490, 1492, 1521, 1522, 1531, 1532, 1533, 1541, 1542, 1545, 1548, 1552, 1561, 1570, 1572, 1576, 1577, 1583, 1584, 1590, 1591, 1594, 1602, 1613, 1638, 1639, 1661, 1662, 1692, 2067)


part of the (port) assigned number range from 1340 (astericks are new):


  gopher           70/tcp    Gopher                              [MXC1]
  gopher           70/udp    Gopher                              [MXC1]
netrjs-1         71/tcp    Remote Job Service               [10,RTB3]
netrjs-1         71/udp    Remote Job Service               [10,RTB3]
netrjs-2         72/tcp    Remote Job Service               [10,RTB3]
   netrjs-2         72/udp    Remote Job Service               [10,RTB3]
netrjs-3         73/tcp    Remote Job Service               [10,RTB3]
   netrjs-3         73/udp    Remote Job Service               [10,RTB3]
netrjs-4         74/tcp    Remote Job Service               [10,RTB3]
netrjs-4         74/udp    Remote Job Service               [10,RTB3]
75/tcp    any private dial out service         [JBP]
                    75/udp    any private dial out service         [JBP]
76/tcp    Unassigned                           [JBP]
                    76/udp    Unassigned                           [JBP]
77/tcp    any private RJE service              [JBP]
77/udp    any private RJE service              [JBP]
  vettcp           78/tcp    vettcp                              [CXL1]
  vettcp           78/udp    vettcp                              [CXL1]
finger           79/tcp    Finger                            [52,KLH]
   finger           79/udp    Finger                            [52,KLH]
  www              80/tcp    World Wide Web HTTP                  [TXL]
  www              80/udp    World Wide Web HTTP                  [TXL]
hosts2-ns        81/tcp    HOSTS2 Name Server                  [EAK1]
   hosts2-ns        81/udp    HOSTS2 Name Server                  [EAK1]
  xfer             82/tcp    XFER Utility                        [TXS2]
  xfer             82/udp    XFER Utility                        [TXS2]
mit-ml-dev       83/tcp    MIT ML Device                       [DXR3]
mit-ml-dev       83/udp    MIT ML Device                       [DXR3]
  ctf              84/tcp    Common Trace Facility                [HXT]
  ctf              84/udp    Common Trace Facility                [HXT]
mit-ml-dev       85/tcp    MIT ML Device                       [DXR3]
   mit-ml-dev       85/udp    MIT ML Device                       [DXR3]
  mfcobol          86/tcp    Micro Focus Cobol                    [SXE]
  mfcobol          86/udp    Micro Focus Cobol                    [SXE]
87/tcp    any private terminal link            [JBP]
                    87/udp    any private terminal link            [JBP]
  kerberos         88/tcp    Kerberos                             [BCN]
  kerberos         88/udp    Kerberos                             [BCN]
su-mit-tg        89/tcp    SU/MIT Telnet Gateway                [MRC]
su-mit-tg        89/udp    SU/MIT Telnet Gateway                [MRC]
  dnsix            90/tcp    DNSIX Securit Attribute Token Map   [CXW1]
  dnsix            90/udp    DNSIX Securit Attribute Token Map   [CXW1]
mit-dov          91/tcp    MIT Dover Spooler                    [EBM]
   mit-dov          91/udp    MIT Dover Spooler                    [EBM]
  npp              92/tcp    Network Printing Protocol            [LXM]
  npp              92/udp    Network Printing Protocol            [LXM]
dcp              93/tcp    Device Control Protocol             [DT15]
   dcp              93/udp    Device Control Protocol             [DT15]
  objcall          94/tcp    Tivoli Object Dispatcher            [TXB1]
  objcall          94/udp    Tivoli Object Dispatcher            [TXB1]
supdup           95/tcp    SUPDUP                            [27,MRC]
supdup           95/udp    SUPDUP                            [27,MRC]
  dixie            96/tcp    DIXIE Protocol Specification        [TXH1]
  dixie            96/udp    DIXIE Protocol Specification        [TXH1]
swift-rvf        97/tcp    Swift Remote Vitural File Protocol   [MXR]
   swift-rvf        97/udp    Swift Remote Vitural File Protocol   [MXR]
tacnews          98/tcp    TAC News                            [ANM2]
tacnews          98/udp    TAC News                            [ANM2]
metagram         99/tcp    Metagram Relay                      [GEOF]
   metagram         99/udp    Metagram Relay                      [GEOF]
... snip ...

for some drift ... slac/vm system had the first webserver outside europe:
http://www.slac.stanford.edu/history/earlyweb/history.shtml

recent posts mentioning webserver at slac/vm system
http://www.garlic.com/~lynn/2008b.html#65 How does ATTACH pass address of ECB to child?
http://www.garlic.com/~lynn/2008d.html#15 more on (the new 40+ yr old) virtualization
http://www.garlic.com/~lynn/2008e.html#47 System z10 announcement (in English)
http://www.garlic.com/~lynn/2008i.html#100 OS X Finder windows vs terminal window weirdness
http://www.garlic.com/~lynn/2008j.html#86 CLIs and GUIs
http://www.garlic.com/~lynn/2008j.html#88 CLIs and GUIs
http://www.garlic.com/~lynn/2008m.html#59 CHROME and WEB apps on Mainframe?
http://www.garlic.com/~lynn/2008m.html#64 CHROME and WEB apps on Mainframe?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

How did http get a port number as low as 80?

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: How did http get a port number as low as 80?
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 09:23:28 -0400
James Harris <james.harris.1@googlemail.com> writes:
It seems odd that the world wide web's transport protocol should have a very low TCP port number given the web's relative youth.

Was port 80 already allocated for something else that was no longer needed and so could be reused? Was port 80 skipped when other numbers were allocated? Or does HTTP predate Tim Berners Lee's use of it?

Anyone know the history of this assignment?


re:
http://www.garlic.com/~lynn/2008n.html#91 How did http get a port number as low as 80?

trivia drift ....

we had been called in to consult with small client/server startup that wanted to do payment transactions on their server and they had this technology they had invented called SSL they wanted to use ... the result is now frequently referred to as "electronic commerce". During the period we were working with them, they changed their name.

trivia question, who had the rights to their new name and let them have it????

part of the payment effort was this thing called "payment gateway" ... misc. past references
http://www.garlic.com/~lynn/subnetwork.html#gateway

the two people responsible for the "commerce server" ... we had previously worked with when we were doing our ha/cmp product
http://www.garlic.com/~lynn/subtopic.html#hacmp

they were at this meeting held in jan92 ... mentioned in this past post
http://www.garlic.com/~lynn/95.html#13

and later left to join this new client/server startup.

misc. past posts w/trivia reference about their new name:
http://www.garlic.com/~lynn/2004o.html#37 pop secure connection
http://www.garlic.com/~lynn/2005e.html#51 TLS-certificates and interoperability-issues sendmail/Exchange/postfix
http://www.garlic.com/~lynn/2005i.html#0 More Phishing scams, still no SSL being used
http://www.garlic.com/~lynn/2005i.html#7 Improving Authentication on the Internet
http://www.garlic.com/~lynn/2005j.html#4 private key encryption - doubts
http://www.garlic.com/~lynn/2005l.html#1 The Worth of Verisign's Brand
http://www.garlic.com/~lynn/2005l.html#2 The Worth of Verisign's Brand
http://www.garlic.com/~lynn/2005n.html#9 Which certification authority to use

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

How did http get a port number as low as 80?

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: How did http get a port number as low as 80?
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 09:34:00 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
trivia drift ....

we had been called in to consult with small client/server startup that wanted to do payment transactions on their server and they had this technology they had invented called SSL they wanted to use ... the result is now frequently referred to as "electronic commerce". During the period we were working with them, they changed their name.

trivia question, who had the rights to their new name and let them have it????


re:
http://www.garlic.com/~lynn/2008n.html#91 How did http get a port number as low as 80?
http://www.garlic.com/~lynn/2008n.html#92 How did http get a port number as low as 80?

and SSL/443 didn't show up in rfc 1340 (Oct92), but did show up in rfc 1700 (Oct94).
http://www.garlic.com/~lynn/rfcidx5.htm#1700
1700 -H
ASSIGNED NUMBERS, Postel J., Reynolds J., 1994/10/20 (230pp) (.txt=458860) (Obsoleted by 3232) (Obsoletes 1340) (Refs 652, 653, 654, 655, 656, 657, 658, 698, 726, 727, 734, 735, 736, 741, 749, 768, 779, 791, 792, 793, 821, 822, 823, 826, 856, 857, 858, 859, 860, 861, 869, 877, 878, 885, 888, 894, 895, 903, 905, 908, 926, 927, 930, 933, 938, 946, 950, 951, 952, 969, 1005, 1028, 1034, 1035, 1036, 1041, 1042, 1043, 1045, 1053, 1072, 1073, 1075, 1079, 1091, 1095, 1096, 1108, 1112, 1119, 1146, 1155, 1157, 1183, 1184, 1190, 1191, 1213, 1229, 1230, 1231, 1239, 1241, 1243, 1253, 1256, 1271, 1274, 1284, 1285, 1286, 1293, 1304, 1314, 1315, 1323, 1327, 1345, 1348, 1349, 1353, 1356, 1357, 1358, 1372, 1377, 1378, 1381, 1382, 1389, 1393, 1406, 1407, 1408, 1409, 1414, 1421, 1422, 1423, 1428, 1455, 1456, 1461, 1468, 1471, 1472, 1473, 1474, 1475, 1485, 1486, 1489, 1494, 1505, 1514, 1515, 1516, 1518, 1519, 1521, 1531, 1533, 1554, 1556, 1557, 1559, 1565, 1566, 1567, 1568, 1572, 1573, 1583, 1584, 1585, 1586, 1587, 1595, 1596, 1598, 1611, 1628, 1639, 1641, 1642, 1647, 1650, 1651, 1652, 1653, 1657, 1658, 1659, 1660, 1661, 1662, 1664, 1665, 1693, 1694, 1695, 1696, 1697) (Ref'ed By 1717, 1729, 1763, 1788, 1812, 1819, 1826, 1827, 1828, 1829, 1831, 1841, 1851, 1852, 1853, 1866, 1883, 1889, 1922, 1940, 1945, 1962, 1968, 1970, 1983, 1987, 1990, 1994, 2002, 2023, 2042, 2043, 2049, 2052, 2053, 2058, 2059, 2064, 2066, 2068, 2074, 2097, 2107, 2122, 2124, 2130, 2131, 2132, 2138, 2139, 2153, 2175, 2178, 2181, 2189, 2201, 2219, 2222, 2225, 2278, 2283, 2284, 2297, 2328, 2332, 2334, 2335, 2341, 2360, 2365, 2390, 2391, 2393, 2402, 2406, 2408, 2427, 2428, 2434, 2443, 2460, 2461, 2472, 2473, 2484, 2507, 2516, 2521, 2522, 2548, 2564, 2577, 2590, 2616, 2637, 2641, 2642, 2643, 2661, 2663, 2694, 2707, 2720, 2723, 2730, 2740, 2741, 2776, 2782, 2784, 2834, 2835, 2841, 2858, 2865, 2866, 2868, 2869, 2877, 2878, 2888, 2895, 2896, 2909, 2922, 2924, 2960, 2978, 3010, 3017, 3021, 3022, 3025, 3036, 3077, 3095, 3115, 3122, 3147, 3173, 3208, 3220, 3309, 3330, 3344, 3359, 3406, 3422, 3518, 3530, 3588, 3611, 3775, 3805, 4064, 4213, 4302, 4678, 4728, 4746, 4861, 4985, 5226, 5251, 5281)


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40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 11:56:19 -0400
sidd <sidd@situ.com> writes:
looks like the stage is set for the Friends of Hank(TM) to swallow a whole buncha others. it seems that Citi is no longer a Friend of Hank(TM) (Wachovia deal with Citi just blew up, Wells Fargo is now Hank's newest Best Friend(TM))

welcome to the gloriouser, newer, shinier, freer market.


you make it sound like the only job qualification for the new fire dept is having been a convicted arsonist.

it isn't like the problems with toxic CDOs have been understood for going on two decades ... they had been used two decades ago in the S&L crisis to obfuscate the underlying values and unload them.

oft referenced, long-winded, decade old post discussing many of the current problems including obfusication/visibility with CDO-like instruments
http://www.garlic.com/~lynn/aepay3.htm#riskm

current claims are that Wells is about the only major financial institution that didn't get heavily into subprime mortgages and/or heavily leveraged into triple-A rated toxic CDOs (and hasn't had significant write downs/losses in toxic CDOs)

being able to get triple-A rating on toxic CDOs allowed unregulated mortgage originators to fuel the speculation boom in the home owner market ... creating the (still deflating) huge, ugly pimple/boil in home prices (which also resulted in the significant overbuilding and current over supply that has to be drawn down ... and may deflate home owner market greater than just erasing the ugly speculation pimple/boil).

it was also getting triple-A rating on toxic CDOs that is involved in the enormous leveraging that has resulted in much of the losses and write-downs on the institutional side of the whole toxic CDO credit crisis mess.

misc. past posts:
http://www.garlic.com/~lynn/2008m.html#91 Blinkylights
http://www.garlic.com/~lynn/2008m.html#92 Blinkylights
http://www.garlic.com/~lynn/2008m.html#95 Blinkylights
http://www.garlic.com/~lynn/2008m.html#96 Blinkylights
http://www.garlic.com/~lynn/2008m.html#99 Blinkylights
http://www.garlic.com/~lynn/2008n.html#3 Blinkylights
http://www.garlic.com/~lynn/2008n.html#12 Blinkylights
http://www.garlic.com/~lynn/2008n.html#14 Blinkylights
http://www.garlic.com/~lynn/2008n.html#19 Blinkylights
http://www.garlic.com/~lynn/2008n.html#24 Blinkylights
http://www.garlic.com/~lynn/2008n.html#25 Blinkylights
http://www.garlic.com/~lynn/2008n.html#33 Blinkylights
http://www.garlic.com/~lynn/2008n.html#42 Blinkylights
http://www.garlic.com/~lynn/2008n.html#88 Blinkylights
http://www.garlic.com/~lynn/2008n.html#94 Blinkylights

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 13:53:20 -0400
sidd <sidd@situ.com> writes:
2)whats on their books: financials from marketwatch:
http://www.marketwatch.com/News/Story/Story.aspx?guid={577B784F-14F3-489F-BA99-58966D0B9927}&siteid=nbkh

75B in 'Prime' loans
84 billion in HELOC (home equity line of credit) and CES (closed end second mortgages). half of these in CA and FL where price drops are already 30%, on the way to 50%. recall that the HELOC or a CES is a second lien. loss ratios on these are horrendous, coz the first lien gets paid first. a 30% drop wipes out a whole bunch of seconds, and even the first liens take a pounding. lotsa subprime -- estimates of 25B-33B

lets not even get into their auto and credit card exposure.


so they still have a ways to go to beat citi which has already taken something like >$60B in writedown losses (are out in front in the writedown sweepstakes) in toxic CDOs and there is conjecture that there are huge amount more in the >$1T citi is claimed to be holding offbalance.

re:
http://www.garlic.com/~lynn/2008n.html#94 Blinkylights

so besides the analogy of job requirement being a convicted arsonist for the new fire dept ... the other possible is full employment for the 1000 executives that supposedly are responsible for 80percent of the current mess.

references to business school article from last spring that claimed possibly 1000 executives are responsible for 80percent of the current mess ... and that it would go a long way to correcting the problems if the gov. could figure out how they could loose their jobs.
http://www.garlic.com/~lynn/2008.html#28 As Expected, Ford Falls From 2nd Place in U.S. Sales
http://www.garlic.com/~lynn/2008g.html#32 independent appraisers
http://www.garlic.com/~lynn/2008g.html#36 Lehman sees banks, others writing down $400 bln
http://www.garlic.com/~lynn/2008g.html#44 Fixing finance
http://www.garlic.com/~lynn/2008g.html#52 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#66 independent appraisers
http://www.garlic.com/~lynn/2008h.html#89 Credit Crisis Timeline
http://www.garlic.com/~lynn/2008i.html#4 A Merit based system of reward -Does anybody (or any executive) really want to be judged on merit?
http://www.garlic.com/~lynn/2008i.html#67 Do you have other examples of how people evade taking resp. for risk
http://www.garlic.com/~lynn/2008n.html#37 Success has many fathers, but failure has the US taxpayer
http://www.garlic.com/~lynn/2008n.html#65 Whether, in our financial crisis, the prize for being the biggest liar is
http://www.garlic.com/~lynn/2008n.html#69 Another quiet week in finance
http://www.garlic.com/~lynn/2008n.html#74 Why can't we analyze the risks involved in mortgage-backed securities?

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Wachovia Bank web site

Refed: **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Wachovia Bank web site
Newsgroups: microsoft.public.security
Date: Sun, 05 Oct 2008 14:52:47 -0400
metspitzer <metspitzer@gmail.com> writes:

https://www.wachovia.com/

I am used to looking for the lock in IE to show that the page is secure. Wachovia doesn't have one on their home page.

Are there other methods to assure me that the page is secure? Couldn't someone copy the page and open a site called wachova or somethig close and catch people that can't spell logging into the wrong page?


we had been called in to consult with this small client/server startup that wanted to do payment transactions on their servers and they had this technology called SSL that they wanted to use ... part of that deployment included something called payment gateway ... misc. past posts
http://www.garlic.com/~lynn/subnetwork.html#gateway

and is now frequently called "electronic commerce".

Part of that effort was specifying part of the end-to-end of how SSL would be used and also doing detailed audits of some of these new things calling themselves certification authorities.

part of SSL was countermeasure to some perceived weaknesses in the domain name infrastructure ... which would provide that the server that the person thought they were talking to, was in fact, the web server they were talking to. this required that the person understand the relationship between the webserver they thought they were talking to and the corresponding URL. The browser SSL implementation then verified the relationship between the URL (used by the browser) and the corresponding server.

Almost immediately, majority of the deployed servers discovered that the use of SSL cut their thruput by 85-95 percent ... and so most of them dropped back to only using SSL for checkout/payment portion of the "electronic commerce" experience. Consumers were conditioned to clicking on a button (in a non-SSL page) which provided the URL to the browser. The browser then would (simply) confirm that the server that the server claimed to be, was the server that it was (as opposed to the server that the person thought they were talking to, was the server they were talking to) ... aka it would take a really dumb fraudulent server to obtain a SSL certificate that didn't correspond to the server URL it was using.

This conditioning to accept "click button" URLs, has significantly contributed to current epidemic of phishing and identity theft.

for a little more topic drift, misc. past posts mentioning SSL domain name certification
http://www.garlic.com/~lynn/subpubkey.html#sslcerts

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 15:27:18 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
following has speculators significant bigger/larger problem than owner-occupied

Mortgagees Who Live In Home Less Likely To Default

the enormous amount of unregulated speculation moving in on the home owner market is going to take some time to clean out (basically allowed to treat home owner market like the unregulated 1920s stock market).


references to the above article
http://www.garlic.com/~lynn/2008n.html#65 Whether, in our financial crisis, the prize for being the biggest liar is
http://www.garlic.com/~lynn/2008n.html#78 Isn't it the Federal Reserve role to oversee the banking system?
http://www.garlic.com/~lynn/2008n.html#86 Blinkylights
http://www.garlic.com/~lynn/2008n.html#88 Blinkylights

'Hope for Homeowners' Program Offers Faster Relief than Wall Street Bailout; Rescue plan gives Uncle Sam an equity stake in troubled mortgages
http://www.consumeraffairs.com/news04/2008/10/bailout12.html

from above (bailing out main street rather than wall street?):
Section 1402, effective Oct. 1, 2008, allows troubled mortgage holders to avoid foreclosure by refinancing into smaller, more affordable, Federal Housing Administration (FHA)-backed mortgages, provided they give Uncle Sam a piece of the equity-growth action and provided the lender voluntarily agrees to the deal by writing down loan balances.

... snip ...

other URLs from above:

Text of H.R. 3221: Housing and Economic Recovery Act of 2008
http://www.govtrack.us/congress/billtext.xpd?bill=h110-3221
Sample Loan Modification Request:
http://www.cmpsinstitute.org/pdf/SampleLoanModificationRequest.pdf
Sharing The American Dream
http://deadlinenewsroom.blogspot.com/2008/07/sharing-american-dream.html
Home Equity Share
http://www.homeequityshare.com/
Foreclosure Prevention Efforts Grow
http://deadlinenewsroom.blogspot.com/2008/05/foreclosure-prevention-efforts-grow.html

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Houses

From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Houses
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 16:01:05 -0400
kkt <kkt@zipcon.net> writes:
My mom was among the first female geologists, entering graduate school about 1974. All that clambering over the countryside in the heat looking for outcrops to support or refute your map of what's under the earth was seen as man's work. The great majority of her professors were supportive, but there were a few exceptions. Did I tell you about one huge survey class she took at Berkeley in the late 60s (not geology), where the instructor announced that all the As would be reserved for the men because they needed to keep their grades up to keep their student deferments?

a little topic drift about my wife having been the only female in UofM engineering grad school
http://www.garlic.com/~lynn/2002o.html#68 META: Newsgroup cliques?
http://www.garlic.com/~lynn/2005d.html#75 [Lit.] Buffer overruns
http://www.garlic.com/~lynn/2007u.html#13 new 40+ yr old, disruptive technology
http://www.garlic.com/~lynn/2007v.html#92 Tap and faucet and spellcheckers

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 16:15:13 -0400
jmfbahciv <jmfbahciv@aol> writes:
I heard on the night talk show (most of the time was spent on VP female bashing by female callers) that one of the items in that bill that got voted down was that the bankruptcy judges could reset the principle in addition to the interest rate. That is wrong. They should be able to remove exotic interest settings but replace it with the regular rate. But not the principle.

re:
http://www.garlic.com/~lynn/2008n.html#97 Blinkylights

'Hope for Homeowners' Program Offers Faster Relief than Wall Street Bailout; Rescue plan gives Uncle Sam an equity stake in troubled mortgages
http://www.consumeraffairs.com/news04/2008/10/bailout12.html

Signed into law last July, provides $300B for refinancing mortgages into smaller, more affordable FHA-backed mortgages.

CSPAN this morning had guest talking about the "wall street bailout" legislation. Supposedly, financial industry had given congressional campaigns something like $250M during the session that repealed Glass-Steagall; during this current session, the financial industry has made something like $2B(?) in contributions to congressional compaigns and that those voting for the current bill received something like 45percent more than those voting against the current bill (although there was some disclaimer about not being sure what was cause and what was effect).

misc. past posts mentioning PBS program on repeal of Glass-Steagall:
http://www.garlic.com/~lynn/2008f.html#13 independent appraisers
http://www.garlic.com/~lynn/2008f.html#46 independent appraisers
http://www.garlic.com/~lynn/2008f.html#71 Bush - place in history
http://www.garlic.com/~lynn/2008f.html#97 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#2 Bush - place in history
http://www.garlic.com/~lynn/2008g.html#51 IBM CEO's remuneration last year ?
http://www.garlic.com/~lynn/2008g.html#66 independent appraisers
http://www.garlic.com/~lynn/2008h.html#89 Credit Crisis Timeline
http://www.garlic.com/~lynn/2008k.html#36 dollar coins
http://www.garlic.com/~lynn/2008k.html#41 dollar coins
http://www.garlic.com/~lynn/2008l.html#67 dollar coins
http://www.garlic.com/~lynn/2008l.html#70 dollar coins
http://www.garlic.com/~lynn/2008m.html#16 Fraud due to stupid failure to test for negative
http://www.garlic.com/~lynn/2008n.html#53 Your thoughts on the following comprehensive bailout plan please
http://www.garlic.com/~lynn/2008n.html#78 Isn't it the Federal Reserve role to oversee the banking system??
http://www.garlic.com/~lynn/2008n.html#82 Fraud in financial institution

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Wachovia Bank web site

Refed: **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Wachovia Bank web site
Newsgroups: microsoft.public.security
Date: Sun, 05 Oct 2008 17:19:44 -0400
re:
http://www.garlic.com/~lynn/2008n.html#96 Wachovia Bank web site

i.e. SSL was to provide both

1) is the website you think you are talking to really the web site you are talking to (countermeasures to some perceived weaknesses in domain name infrastructure and various kind of hijacking/impersonation vulnerabilities)

and

2) hiding/encrypting information (countermeasure to various kinds of evesdropping vulnerabilities)

#1 required that the user understands the relationship between the website they believe they are talking to, and the corresponding URL ... since the only thing that the browser SSL implementation did is to verify that the provided domain name verified by all the SSL magic matched the domain name in the URL. In numerous of the current uses ... rather than the user providing the actual URL ... the server is providing the actual URL (and corresponding domain name) ... frequently in various obfuscated ways that the user may not even be aware of.

Phishers, scamming, as well as various kinds of man-in-the-middle attacks have been able to take advantage of this increasing disconnect ... where there may be a perfectly valid SSL operation performed ... and the information has been guaranteed to be encrypted during transmission ... but the user may never actually see the URL verified by the SSL operation (and so doesn't actually know where the information is going to).

if you look at the raw page source .... it turns out that there is a https URL used to transmit the information
<form method="post" action="https://onlineservices.wachovia.com/auth/AuthService" name="uidAuthForm" id="uidAuthForm" onsubmit="return submitLogin(this)">

but there are few users in the world that know enough to understand what is going on.

There have been lots of studies that show that such tricks by reputable instituations, condition normal users to be tolerant of similar implementation tricks by bogus websites i.e. rather than simple straight-forward black/white ... there is a lot of gray and complexity introduced, which majority of users aren't going to understand (and crooks/attackers can take advantage of)

--
40+yrs virtualization experience (since Jan68), online at home since Mar70

Blinkylights

Refed: **, - **, - **, - **, - **, - **, - **
From: Anne & Lynn Wheeler <lynn@garlic.com>
Subject: Re: Blinkylights
Newsgroups: alt.folklore.computers
Date: Sun, 05 Oct 2008 18:24:27 -0400
Anne & Lynn Wheeler <lynn@garlic.com> writes:
re:
http://www.garlic.com/~lynn/2008n.html#26 Blinkylights

the complaint was about lack of prosecution for illegal naked short sales.

(illegal) naked short selling has actually been illegal ... but just not being prosecuted. it is somewhat analogous to pump&dump stock scams involving penny stocks that are periodically shutdown. typical illegal naked short selling includes starting false speculation/rumors ... also similar to the pump&dump scams. there were articles over a year ago that such illegal activity involving illegal naked short selling was quite common & tolerated (lots of traders had vested interest in not seeing the illegal activity prosecuted).


re:
http://www.garlic.com/~lynn/2008n.html#28 Blinkylights
A Wikipedia Conspiracy and the Wall Street Meltdown
http://news.slashdot.org/news/08/10/05/201205.shtml
The Register Exposes More Wikipedia Abuse
http://yro.slashdot.org/yro/07/12/07/1434221.shtml?tid=153

URL/references in the above:
Secret Mailing List Rocks Wikipedia
http://yro.slashdot.org/yro/07/12/04/0333252.shtml?tid=267
and
Emails show journalist rigged Wikipedia's naked shorts; Overstock's Byrne vindicated amidst economic meltdown
http://www.theregister.co.uk/2008/10/01/wikipedia_and_naked_shorting

URL/references in the above:
SEC Enhances Investor Protections Against Naked Short Selling
http://www.sec.gov/news/press/2008/2008-143.htm
Wikipedia black helicopters circle Utah's Traverse Mountain; SlimVirgin, naked short selling, and the end of Web 2.0
http://www.theregister.co.uk/2007/12/06/wikipedia_and_overstock/
and
Naked In Wonderland
http://www.forbes.com/opinions/2008/09/23/naked-shorting-trades-oped-cx_pb_0923byrne.html

from above:
His research turned up at least 200 companies that were destroyed, for "a combined market loss of more than $105 billion." Shapiro added, "we believe that this type of stock manipulation has occurred in many hundreds and perhaps thousands of cases over the last decade. ... Illicit short-sales on such a scale or anything approaching it point to grave inadequacies in the current regulatory regime."

... snip ...

misc. other recent posts mentioning illegal "naked short selling":
http://www.garlic.com/~lynn/2008k.html#1 dollar coins
http://www.garlic.com/~lynn/2008k.html#4 dollar coins
http://www.garlic.com/~lynn/2008k.html#9 dollar coins
http://www.garlic.com/~lynn/2008k.html#25 IBM's 2Q2008 Earnings
http://www.garlic.com/~lynn/2008k.html#31 SEC bans illegal activity then permits it
http://www.garlic.com/~lynn/2008k.html#44 SEC bans illegal activity then permits it
http://www.garlic.com/~lynn/2008n.html#23 Michigan industry
http://www.garlic.com/~lynn/2008n.html#25 Blinkylights
http://www.garlic.com/~lynn/2008n.html#31 Blinkylights

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