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Fix build on GCC 5.2 where, at least on PPC64, the compiler would "optimize"

Description

Fix build on GCC 5.2 where, at least on PPC64, the compiler would "optimize"
the malloc() + memset() in the local implementation of calloc() into a call
to calloc(), helpfully turning it into an infinite loop. Clean up some
unneeded flags on PPC64 while here.

MFC after: 1 month

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