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Lynn Wheeler
Worked at WSU
Attended Washington State University
Lived in Pullman, Wa
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Lynn Wheeler

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Divorcing Purpose from Methods: Why naive "investors" inadvertently do so much harm to the processes they invest in.

This really drives home why so many investors do far more harm than good to the companies they invest in (if they become owners, or activist investors), as well as to the Supply Chains those companies serve, and on to the nations & electorates those supply chains serve.

Everything You Need To Know About Biotech Right Now (Podcast)
http://seekingalpha.com/article/3999134-everything-need-know-biotech-right-now-podcast-bret-jensen

more direct link at http://investorinthefamily.com/bret-jensen-biotech/
just jump to 2:05 to avoid the initial self-marketing

I started laughing at the very title, and kept chuckling all the way to the end (though it got a bit tiresome by then)

Listening to this recording is like looking at the lines of code in an idiot-savant App, designed to extract UNSPENT INCOME out of any process.
https://en.wikipedia.org/wiki/App

There's no purpose mentioned, except blindly accumulating unspent income.

(& ironically, these SAME people that lobby for ever increasing amounts of private financial savings, i.e., Unspent Income, are the ones who also lobby for "Balanced Fiat," i.e., no Public Deficit to supply the Private Surplus, aka, private financial savings, aka Unspent Income.
Go figure!

We've created an electorate that can't whip it's way out of it's own Kabuki house of mirrors.)

If not connected to any other purpose in life, this kind of disconnected drive becomes no different from any other example of disconnected Phenotypic Persistence (aka, Institutional Momentum).

Biology (& biotech, including human culture) is all about how not just some, but all evolving inter-dependencies are leveraged to explore expanding options. Because of inevitable frictions, tallying up just the outcomes of all the mindless, component reflexes guarantees a total that is less than the sum of its parts.

Much more is possible!

If there's no mission & no balance, no connectivity, & no context
https://en.wikipedia.org/wiki/Walter_A._Shewhart#Later_work

... then there's no point. And no Public Purpose in discussing these things in complete isolation. Capitalism as we know it is a small set of all our means FOR achieving evolving ends, and not an end in itself, let alone an absolute end.

Capitalism started as new methods used BY entrepreneurs, to organize & finish group projects. It's now become known as those methods sans purpose. The blind acolytes have taken over the religion.

This blindness is EXACTLY why we have to have Patient Advocacy Groups (and general citizen advocacy) ... to remind the idiot savants that there is both individual purpose to life, and Public Purpose as well, not just blind methods.
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Spinney, Dowd, Lofgren, Steele all saying the same thing: Trump is losing it. He is blowing the once in a lifetime chance to take the system down, an opportunity he created brilliantly, and is now about to lose for lack of an open mind.
Happy Days Are Here Again New York Times columnist Maureen Dowd occasionally gets one just right. Her attached op-ed, The Perfect G.O.P. Nominee, well sums up the happy state of affairs in the smok…
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Lynn Wheeler

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How telemarketers sold false hope to homeowners struggling to pay mortgages.
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And the Award for Best Financial Crisis Book ...
https://baselinescenario.com/2016/08/02/and-the-award-for-best-financial-crisis-book/

The substance of the argument has been well known for years, so I'll try to pack it into one sentence: The banks creating mortgage-backed securities failed to properly transfer notes (the documents proving a borrower's obligation) to the trusts that issued the MBS, so not only was the securitization itself faulty, but the trust did not have legal standing to foreclose on homeowners--so the banks paid third-party companies to forge the required paper trail, and lawyers knowingly submitted fraudulent evidence to courts, who usually accepted it.

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Trivia: The Mortgage Banker's Association hosted some X9 (financial standard) meetings in their hdqtrs (across park from world bank and IMF) to discuss electronically signed documents (including titles). After things imploded, the head of MBA was doing press conferences talking about how bad it would be for people to walk away from their mortgage (at the same time they had walked away from the mortgage on their hdqtrs bldg).
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before ms/dos
http://en.wikipedia.org/wiki/MS-DOS
there was seattle computer
http://en.wikipedia.org/wiki/Seattle_Computer_Products
before seattle computer there was cp/m,
http://en.wikipedia.org/wiki/CP/M

trivia ...before cp/m, kildall worked with cp/67 (precursor to vm370) at npg
http://en.wikipedia.org/wiki/Naval_Postgraduate_School

I did a lot of work on cp/67 as undergraduate in the 60s, which IBM picked up and shipped as part of the product.

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... and Kildall was inspired by CP/67 as a personal system. 
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Lynn Wheeler

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Happy Days Are Here Again ...
... At least for the 1% New York Times columnist Maureen Dowd occasionally gets one just right. Her attached op-ed, The Perfect G.O.P. Nominee , well sums up the happy state of affairs in the smoke filled rooms of the Single-Party American Deep State.  It i...
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One of the issues is for the large cloud operations, computer hardware is not a profit center, it is a cost
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So are they available in small quantities? (biz justification being POC, tho some of us just want them for hobbyist use) 
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h
Thousands of arrestees a year are forced into get-out-of-jail-broke cards that are loaded up with deceptive fees.
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Why you need a strong authentication platform
http://www.networkworld.com/article/3102880/security/why-you-need-a-strong-authentication-platform.html

According to Symantec's annual Internet Security Threat Report, up to 80 percent of breaches could be eliminated with strong authentication.

With strong authentication, you can work securely across devices and locations, reduce IT burden and control costs, and secure consumer access to your data. Symantec’s Information Protection Team offers tips for addressing common business challenges when it comes to protecting your company data.
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AADS patent portfolio (all assigned):
http://manana.garlic.com/~lynn/aadssummary.htm

Some (AADS) X9.59 financial transaction standard
http://manana.garlic.com/~lynn/x959.html#x959

In the mid-90s, somewhat for having worked on "electronic commerce" we were invited to participate in the X9A10 financial standard working group (that had been given the requirement to preserve the integrity of the financial infrastructure for ALL retail payments). We did end-to-end threat & vulnerabiilty studies of various retail payments methods and came up with X9.59 financial transaction standard which slightly tweaked the current infrastructure and specified that financial transactions for account nos. designated as "X9.59" would only be executed if strongly authenticated.

SSL for "electronic commerce" addressed by hiding transaction details during transmission. X9.59 eliminated the threat of crooks using information from previous transactions to perform fraudulent transactions ... and therefor eliminated the need to hide transaction information. X9.59 didn't do anything about breaches, but eliminated the threat and motivation for breaches (since crooks couldn't use the information for fraudulent financial transactions) ... and also eliminated the need for using SSL to hide transaction information.

Part of the end-to-end analysis came up with the "security proportional to risk" metaphor. The value of a transaction information to a merchant is the profit from the transaction, which can be a couple dollars or less. The value of the transaction information to a transaction processor can be a few cents. The value of the transaction information to a crook can be the account balance or credit limit. As a result, a crook could afford to outspend by a couple orders of magnitude attacking as can be spent defending. X9.59 didn't address breaches, but eliminated the treat and motivation for breaches. Also the current attack surface is enormous with tens or hundreds of millions of points around the world (X9.59 significantly reduced the attack surface).

a long-winded recent post on the subject in "How the internet was invented" thread:
http://manana.garlic.com/~lynn/2016e.html#35

We were tangentially involved in the cal. state data breach notification legislation (original in the country) having been brought in to help wordsmith the electronic signature legislation. Many of the participants were heavily involved in privacy issues and had done in-depth public surveys and found the #1 issue was fraudulent financial transactions. A problem was that there was little or nothing being done about data breaches (resulting in fraudulent financial transactions). The issue was that normally entities take security measures in self-protection, however it wasn't the institutions that were at risk from data breaches, but the public. It was hoped that publicity from data breach notification might motivate institutions to take data breach countermeasures. Note in the wake of the Cal. legislation, there have been several Fed. notification bills introduced (none passed) about evenly divided to those equivalent to the Cal. legislation and those that would effectively eliminate requirement for notification.
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a7156486.html
The highest-paid CEOs tend to run some of the worst-performing companies, according to new research. The study, carried out by corporate research firm MSCI, found that for every $100 (£76) invested in companies with the highest-paid CEOs would have grown to $265 (£202) over 10 years.
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In his circles
118 people
Have him in circles
209 people
Robert Lee's profile photo
Daniel Abdissa's profile photo
Robert Cowles's profile photo
Elfrida Schmidt's profile photo
David Dickerson's profile photo
Andrew Skretvedt's profile photo
Philippe Bocquet's profile photo
Jeffery Almoney's profile photo
Mizuka Ishiwatari's profile photo
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Dataprocessing
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  • WSU
    Staff, 1966
  • Boeing
    Staff, 1969
  • IBM
    Staff, 1970
  • First Data
    Staff, 1995
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Pullman, Wa - Seattle, Wa - Winchester, Ma - San Jose, Ca - Austin, Tx - Morgan Hill, Ca - Denver, Co - Maryland - Seattle, Wa
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Virtualization since Jan1968, Online at home since Mar1970
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Virtualization since Jan1968, online at home since Mar1970
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