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Lynn Wheeler
211 followers -
Virtualization since Jan1968, Online at home since Mar1970
Virtualization since Jan1968, Online at home since Mar1970

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How can we stop algorithms telling lies?
https://www.theguardian.com/technology/2017/jul/16/how-can-we-stop-algorithms-telling-lies

Algorithms can dictate whether you get a mortgage or how much you pay for insurance. But sometimes they're wrong - and sometimes they are designed to deceive

One of the excuses for the economic mess was that the computer models were wrong. However, stories started appearing that risk managers were being told to fiddle the inputs until the business people got the results they desired (garbage-in, garbage-out)

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/

In the above, mentions realization that the "toxic CDOs" wouldn't have a market w/o the triple-A rating. In the Oct2008 congressional hearings into the role that the rating agencies played, they had testimony that the rating agencies were selling "triple-A" ratings for things they knew weren't worth "triple-A' (largely enabling over $27T done 2001-2008).

The triple-A rating met they no longer needed to care about borrowers qualifications and/or loan quality, since they could sell off everything as fast as they could be packaged ... included to investors restricted to only dealing in "safe" investments, like large pension funds.


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Exclusive: Fake online stores reveal gamblers' shadow banking system

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????
MA: World Wide Web
Made accessing online data easier for the general public

* technology
* MIT professor, Tim Berners-Lee
* 1990
????

first web server in US (outside Europe) on SLAC VM370/CMS system (california)
http://www.slac.stanford.edu/history/earlyweb/history.shtml
and
http://www.slac.stanford.edu/history/earlyweb/firstpages.shtml

now virtual machines, internal network, lots of online and performance work was done at IBM cambridge science center (MA) ... and GML was invented at the science center in 1969 ... which morphs into ISO standard SGML a decade later

and then SGML morphs into HTML at CERN after another decade:
http://infomesh.net/html/history/early
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