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ISP Information:
An IBM mainframe operating system. The term MVS is used to describe an entire family of mainframe operating systems. The term "multiple virtual storage" refers to the use of multiple virtual memory areas in the operating system.
ISP Glossary:
MVS - Monty Solomon wrote: The regulation passed after an acrimonious debate about whether the reforms represented enlightened regulation or ham-handed meddling into the free market.Finding the balance between good and bad regulation is always tricky.There two sides to the argument which I'll explore:ANTI-REGULATIONIndustries have been destroyed by excessive regulation. What issupposed to be "for the public good" turns out to screw the public.Passenger railroad regulation is an example. The government orderedthat many unneeded and money-losing trains be kept in service, andkept fares too low. As a result, the railroads sought to get rid ofall passenger trains, even those that were still profitable.Inadequate revenue caused service quality to suffer. While theoverall decline of passenger rail service was from numerous factors,government regulation hurt it badly.Oslin's Western Union history says the FCC was rough on WU: They wereforced to take on inefficient Postal Telegraph and tremendous cost,allowed AT&T to have TWX against WU's Telex, etc. While the declineof WU was due to numerous factors (like the railroads), it appearsgovernment regulation didn't help here either.PRO-REGULATIONUnfortunately, in the absence of regulation, companies can get greedyand take advantage of consumers. When payphone calls became unregulated,we've seen horrible price gouging for long distance calls. Cable TVis deregulated and rates have quickly climbed upward much faster thaninflation. Banks have added on high service charges and high loanrates. Insurance companies have failed to keep adequate reserves forbig losses and have failed. Wall Street brokers have cheated andcommitted outright fraud.
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