Tag Archives: transactions

Making Fun Of Aging IBMers Is Not Funny.

by Anura Guruge


You can find this on Facebook.

cics15btshirt

Click to ENLARGE and read. It says (in case you have trouble reading it): “What has processed 5 billion transactions in the time it took you to read this? CICS”.


CICSCustomer Information Control System
is an old, much beloved and widely used 
computer system for managing
large database-oriented systems.
Think: banks, airlines, financial institutes,
utility companies, car rental etc.


Yes, granted that this is VERY nerdy and obscure joke BUT it is cruel.

It basically pokes fun at aging IBMers (I being one of them), especially those that worked on mainframes, trying to mock their APPARENT lack of awareness of modern technology and their supposed unfamiliarity with large numbers.

OK. Let me explain. The 5 BILLION number is a huge, huge, huge exaggeration.

Most people can read about 8 – 10 words per second. So 16 words = 2 seconds.

So this is saying that IBM CICS systems (and there are a LOT of them still in use) are processing 5 Billion instructions in 2 seconds.

So that is 2.5 Billion instructions a second.

And that is the BUTT of this joke.

2.5 Billion/second is just PLAIN WRONG. And that is the POINT of the joke. Anybody who wears this is going to get thought of as ‘soft’.

Per IBM (see below and use this link), and this person, from Hursley (where I worked for IBM), would know and would have no reason to make a false claim, states 10 Billion CICS transactions a DAY.

cics10bnaday

Click to ENLARGE and read here. Use link cited above to access “Computer Weekly” original.


The real number is 1.1 MILLION transactions/second or 2.2 MILLION transactions in the time it takes to read the T-shirt blurb.

The 1.1 (1.15) million number is pretty well known. Here is another credible reference to it:

cicstransbel

Click to access original which quotes IBM’s CICS newsletter.


Attempts like this to belittle aging IBMers, such as I, upset me. Yes, we are getting old and are no longer as swift as we once were. But it doesn’t mean that we have become complete mindless, drooling dinosaurs. We can still hold our own against the new generation of IT folks. Don’t try to trip us up by trying to get us confused as to whether it is an ‘M’ or a ‘G’.

This T-shirt was uncalled for and callous. The guy who came up with it should be ashamed of himself.


Related posts:
++++ Search on IBMfor many other related posts  >>>>


by Anura Guruge


Not Just Netflix, All Of Us Will Be Impacted By Credit Card Insertion — Adding 30(+) Sec. Per Transaction.

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by Anura Guruge


Related posts:
>>
Credit card chip enforcement (EMV).

++++ Search on ‘credit card’ for other posts >>>>


netflixchipa

Click to ENLARGE and read here. Here is the link to the original: http://goo.gl/jaPxXs


Now that credit card chip enforcement (EMV) — i.e., insert vs. swipe — is in use have you noticed that it is taking 30 to 40 seconds LONGER for each transaction to be authorized. At least that has been my experience at Walmart — one of the FEW retailers, around here, that have moved to ‘insert’. Maybe that is just teething troubles during this first month. But then again it could be that the additional processing, which why we have a chip on the card in the first place, will always take longer — though possibly, with luck, not 30 to 40 seconds longer.

Unless we are travelling I don’t do too many credit card transactions a day (compared to others that work in a city or go shopping at Malls on a regular basis). But let’s say we, on average, do 4 credit card transactions a day. The extra 30 seconds would then translate to 2 minutes a day of WASTED time where we are hanging around, in front of a credit card machine, waiting to complete our transactions. That is a pretty amount of time — in my book. But let’s work this out. 2 minutes a day is 14 minutes a week. Now you have to admit that that is starting to get your attention.

1 WHOLE HOUR A Month!

1 whole hour.

That is 1/2 a Day each year.

A full day every 2 years.

Get the drift. This is NOT good. As some of you know I have a phobia about wasted time. Time is my greatest and most valuable possession. I really resent my time being wasted.

So a BIG heads up.

Check this INFOGRAPHIC about how much time we already spend inline — just on vacation. Credit card insertion will ADD to that!

Click to ENLARGE and read here.
This is the link for the original from the U.K. “Daily Mail”.

inline1111addsfsinline2222addsfs



Netflix balming credit card insertions for their DROP in U.S. revenues AMUSED ME — and I am a NFLX shareholder (and I own more than a couple).

Read between the lines.

This is what I think they are saying. There was a LOT of fraudulent credit card transactions on Netflix!

The chip-based cards are weeding out some of this FRAUD. That I think is the real cause.

 


Has Richard Rawling’s & ‘Fast N’ Loud’ Been Audited For ALL Of Their Cash Transactions?

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by Anura Guruge


Richard+Rawlings+Richard+Rawlings+Enjoys+Beach+OSm_b0Be3oDlRelated Posts:
>> ‘Fast N’ Loud’ 
— ‘Funniest Videos’.
>>‘Fast N’ Loud’
— profits.
>>
‘Klondike’.
>> ‘Africa’ series.
>>
‘North America’ series.

>> ‘Hotel Impossible’

 ++++ Search ‘cars‘ for other automotive related posts >>>>


fast-n-loud-52Yes, I know it is a ‘Reality Show’ and as such that all that we see is NOT real. That said the BIG deal that Richard Rawling makes about ALL of his cash dealings, most of them in excess of $10K, makes me wonder … In the U.S. there are strict rules and regulations about individual transactions exceeding $10K. In some cases there are IRS forms, Form 8300, that need to be filled and submitted. It is possible that Richard does all of that or that all of the purported ‘cash’ deals are just for the camera. Yes, it is a ‘Reality Show’ but they do portray an alarming disregard for the LAW. Last night we saw an episode where Aaron just jumps into a car they bought — cash — and starts driving it back. No registration? No plates? Not right.

As a diligent taxpayer, I really would feel so much better if the IRS checked ‘Gas Monkey‘ to make sure that all those cash transactions have been properly reported. At a minimum lets make sure that ALL the cash transactions shown on TV were reported. That seems fair.

As I have bitched before I take umbrage to the way they play ‘fast N’ loose’ with financial matters on this ‘Reality Show’. The so called ‘profits‘ that they show at the end of each show are beyond misleading. They do not take into account salaries, equipment, rents, taxes or overhead! That is wrong.

But it would be worse still IF they didn’t play right by the IRS — not to mention the State of Texas. So I hope that somebody will take notice and check.

SMILE.


IRS Form 8949: You Can ‘Copy & Paste’ Into 8949 At Least With The IRS ‘Free Fillable Forms’.

Dec2013x125

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 ..by Anura Guruge


Related Posts:
>> IRS Form 8949 Should Be On An Exception Basis … — Apr. 11, 2013.
>> IRS Provided ‘Free Fillable Forms’: Huge Endorsement — Mar. 20, 2013.


As ‘Tax Day’ approaches, as was to be expected, there is growing interest in IRS Form 8949 — which only came into effect as tax year 2011.

If you use Quicken (which I refuse to do, because I really don’t see why it needs to know my inside leg measurements, what statin I take for my cholesterol and the make of car I drive), I gather that Fidelity (for one) will provide downloadable 8949 data that will get automatically filled in. Well, even that will not convince me to use Quicken (though I did use it, a decade ago, when I was honing my tax preparation skills). That Fidelity does not provide us with this data in Excel (comma separated data) form is inexcusable and I did complain about it this year. I assume that there must be other financial institutes that are gracious enough to provide this data in Excel form to their clients.

So what I do is create my own Excel using the PDF (or HTML) of the tax statements available online with Fidelity.

I will copy all the columns and then do a PASTE SPECIAL (Text) into a Word document. I will then use the global replace function of Word to add tabs. Then I do a Text –> Table conversion. Then I delete the columns I don’t want. I then copy the entries of this table to a new Excel spreadsheet — again doing a PASTE SPECIAL (Text).

Then, just because I enjoy messing around with Excel, I subtotals of all the transactions to make sure Fidelity got them correct! Having the subtotal also serves as a ‘check sum’ to make sure I that I haven’t lost any transactions.

Then I fire up Free Fillable Forms (FFF) and create a new Form 8949. I can then copy across a complete row, from Excel to FFF and then paste it.

So, if you notice I haven’t typed in any of the transactional data per se. All of it is essentially copy, paste …. copy, paste.

I can do this fairly quickly. That I have two monitors which enables me to keep the Excel on the left-hand side monitor and FFF on my (main) right-hand side monitor definitely helps.

Hope this helps. Enjoy.