skysight-inc/HackerNews huggingface dataset:
Why do we keep speaking of SVB depositors with over 250k in deposits as if they are part of the hapless hoi polloi? These are founders who practice and preach capitalism with a capital C. They are part of a class of individuals with immense power and wealth in our society; or looking to soon enter that class. They deserve none of the type of sympathy you're extending towards them when it comes to matters of business and finance.
Assuming that (a) we can sequence embryos reliably, (b) we identify a large number of genes that are considered favorable, and (c) we come up with a way of creating large numbers of embryos (eg: artificial ovaries) then the "quality" of the child in such a future will, generally, be dependent upon that amount the child's parent were willing to spend to find their best possible child.

Do you want a one in ten baby, a one in a thousand baby, or a one in a million?

The price will be proportional to the number of embryos sampled, on average. Since this is a competitive process, no matter how low the price per unit decreases the amount of spend, as a percentage of income/wealth will stay constant.
Why did you feel you're being treated as "lowly coder"? Did the solution architect or product manager treated you as such? If so then maybe it's time to find another job.

If not, then I think you need a shift in perspective. You need to stop thinking that you're better than everyone just because you have more experiences.

If you feel it's a terrible way of doing something discuss it with the team. Discuss why you think it's so. You might realized that you don't have the full context of the things that they have to solve or deal with.

If you can come up with something better then propose the solution in a visible way (team instead of individual). I'm sure they will appreciate it. Over time your coworkers will respect you more and more.

Maybe you can look into being a mentor to your juniors as well. With your years of experiences I'm sure you have a lot knowledge to share. This will also builds your reputation among your coworkers.
Do you really need someone to explain to you how being a funded startup founder is different than being an hourly worker on tipped wage at upscale restaurant?

Is that a serious, genuine question or are you just trying to deflect criticism with a bad-faith take? I literally cannot tell anymore because this is the same lack of self-awareness present in her tweet. It's part of why people have come to hate our community and it's culture.
The bank did fail?

What the hell else are they supposed to do with the assets that are left in the bank? Giving them to the people the bank owed money makes a lot more sense than lighting them on fire or whatever. Do people think that the FDIC/government funds end up being a significant portion of the money that goes to the depositors or something?
certainly education is vital to a modern economy (and society), but I suspect that you hit diminishing returns at our current levels - not many more can really benefit from e.g. post graduate studies. Sending ~50% of school leavers to uni in the UK has arguably been counter productive, as instead of a path for the talented to rise, uni has become more a rubber stamp for entry into the middle class and course content has become diluted (and then loans on top to pay for it all)
Not necessarily for investors, unless it can be shown that they have incurred liability beyond their investment.
There are no lenders. That’s been gone since the Obama administration. It’s almost entirely direct government loans now. If you want them to consider risk or limit the lending amount you need to change the law.

Biden’s forgiveness notably does not come with any such legal change that would plausibly make the problem better in the future. It’s purely a one time sop to constituents.
Foreign Affairs. Its basically where the serious international affairs community (Western) talks to one another. It has a print mag (monthly) with about 8 long form articles, an online version, and an app where you can read the articles offline or have them read out to you. They also run webinars where specialists talk, very interesting.

You wont agree with every writer, but every article is at least thought provoking.
https://twitter.com/petercontibrown/status/16350760923390525...
Codon: A Python compiler if you have a need for C/C++ speed
It’s not useless because it’s able to accomplish the same without having to memorize yet another syntax trick.

- Someone who knows the trick
Capitalism is cronyism. The free market only exists in ideological fairy tales, just like soviet five year plans.
> expecting that Federal regulators were doing their job

Regulators set a framework that an industry should follow. It is incumbent on industry players to act in good faith and not operate on edge case regulatory compliance. It is not on the regulators that an agent lobbying against the very regulations for stress testing their balance sheet then turns around and does something dumb. Analogously the USDA and FDA aren't not doing their job if a food or pharma manufacturer intentionally labels dog food for human consumption and ships it.

This type of accounting is criminal and needs investigation. So what if your cash isn't performing to make target yields. Its on you to responsibly manage it if that is your stated mandate. And fed rates didn't balloon overnight. J Powell forecasts weeks in advance.

This is not on the regulators. The bank should have operated with a better risk profile. And all these disruptive companies need better financial sense than to be storing their >250K assets in a savings and checking account. I don't know what that answer is I haven't had the privilege.

So what if Stripe recommends this bank to all their clients. Seems like their incentives need investigated. What did they have to gain by funneling a clientele to their bank.

This isn't on the Fed or Treasury or SEC. Though their response may create future problems arising from this assurance.
The discourse on this thread and Twitter is astoundingly inept. If the FDIC had permitted uninsured depositors to not be made whole, there would’ve been a systemic risk to American banking. Confidence in the banking system is critical to its well functioning. Quite literally banks are built by confidence that their depositors will get their money back. Discussing whether SVBs depositors should’ve taken a haircut misses the point entirely.
Again this is not about people but about businesses... in this case startups which are somewhat unusual businesses since they have tons of cash an no income, and often don't spend money on things like CFOs that aren't really necessary for them yet.
How does this "special assessment on banks" work? Does the FDIC charge all US banks to cover the missing amount? How are the charges distributed? And what law is this?

Also if this option was available, why did they just bring it up now?
> Thursday, 9 AM: in one chat with 200+ tech founders (most in the Bay Area), questions about SVB start to show up.

> 10 AM: some suggest getting the money out of SVB for safety. Only upside. No downside.

https://twitter.com/torrenegra/status/1634573234187407369

Anecdote to be sure but it's fascinating to read the account of people organising a bank run.
This is nonsense. The bank broke itself by making bad investments. We will see other banks that are unrelated to Silicon Valley's tech industry fail in the next few weeks as well, because they made similar investments, but that won't fit the cute anti-tech narrative.
all countries have their flaws. Evergrand basically defaulted on their loans and was the equivalent of SVB for real-estate in china even the AUM were similar. The real-estate market is probably the most important market in china especially for the wealthy.also the market should be able to adjust to any rate not only 0 if it’s truly free.
Corruption, greed, and power dynamics are features of humanity. They are not the only features, but they have always existed, and be a challenge in any economic or political system.
> At press time, residents of the only economically advanced nation in the world where roughly two mass shootings have occurred every month for the past eight years were referring to themselves and their situation as “helpless.” — The Onion
Fascinating, isn't it?

You can apply the same thing to people management. Who cares if you're a shit manager, if you've managed 100 people that's still going to be looked upon more favourably than someone who's managed 20 people really well for a 100 person management position.

Applying it to execs is probably a simpler comparison. Shit exec means you were still an exec, so you can probably get hired somewhere else as an exec.
We just had all of the VCs show their ass (including the ones running this very site) by begging Big Government to please step in and bail them out.

It's capitalism, not the government.
Not very original. It's been done over and over again during the S&L crisis and later.

The Best Way to Rob a Bank is to Own One.

https://www.brookings.edu/bpea-articles/looting-the-economic...
I listen to local approach and departures when I'm in the car. I can hear ground too if I'm close to the airport. I find it really soothing.
Sorry? you think "tammany hall" didn't exist?
> With the equal outcome approach taking over universities and sciences being considered the unfashionable stream unlike East Asia, how would you do this?

Clearly that approach is harmful and is preventing the economic development of nations, which in turn harms those who need assistance because there’s a smaller tax base.
> What about just defining it as object?

That’s pretty much the intent of the constraint. I don’t have time to sit with a type checker right now, but I don’t think we disagree as much as you might think. I arrived at this from years of trying to find the best way to express types which are as strict as possible with as much clarity as possible.

Unfortunately the object type is basically any non-null value, as is {}. They both intuitively mean what I want. They also inherently allow PropertyKey keys, which is effectively Record<string | number | symbol, any>, which is looser than the “dictionary” type I often want to accept in these scenarios.

A better question (for me, and maybe you and maybe all of us who want type certainties) is why we even accept dictionaries in object shapes when Map is the obvious expression of that type. I’ve repeatedly wanted that and shied away from it because it requires too much change for very little gain.
https://archive.ph/FR0eY
Well it's voters across the US, especially in urban areas with booming economies. Some places are trying to construct housing but can't cope with the influx of new homebuyers. Since there are no internal immigration restrictions, we have a national housing market with only partial local differentiation.
That is a fictional movie and not based in reality.
I once received a word-of-mouth warning that a particular credit-union was very shaky and to get my money out. I did, and passed on the warning to my girlfriend of the time.

She believed the local manager who said her money was safe. A month or two later, that credit-union went under, taking my girlfriend's money with it. About 40 grand. About five years later, she was given back the money by the government-of-the-day, but principal only with no interest and depreciated due to inflation during that time. She probably lost the equivalent of 10-15% of her money.
I respect your work, but you have to realize that what many companies were doing with their money was the financial equivalent of developing by SSHing into prod and editing a 50kloc index.php.

And when they got into trouble, they did not stop to asses their situation (possible 5-10% haircut, nbd), but went into full blown existential meltdowns. One minute crying and begging, next minute threatening. In fact, after reading too many Twitter posts of founders complaining, they don't even seem remotely aware that they can even do things differently and properly.

And let's not even get into the outrageous behavior of tech leaders like Sacks et all. This episode makes me embarrassed to be part of this industry.
According to that article, fully 50% of Americans were already considered obese at the time.
It was a conflict of interest for some in Europe between helping Ukraine and securing their energy supply. The pipeline provided an incentive to hold back regarding Russia.

Someone made the judgement that it was better to take the risk of doing without the pipeline than let it affect policy. And do it covertly so as not to have a public controversy.

I can't guess exactly who was involved, but likely some combination of NATO members at some level, probably including the US.

US LNG seems like an important factor in judging the risk - you would want to be confident in the possibility of replacing the gas supply.

It seems like with hindsight, the calculations that people wouldn't freeze to death en masse were correct, doesn't it?

What is unclear?
Sounds similar to when people were rooting for airlines and auto manufactures to just die in 2008 to say "fuck the rich". I'm glad they were all saved.
If the shortfall is indeed "small" as you claim, why not let it be borne, instead of redistributed?

I find the dissonance deafening.
Yeah they did a pretty good job to restore confidence. Now I want to see the next stage of the short sellers' plan. It would be weird if they only managed to draft up a one stage plan.
Verus: Verifying Rust Programs Using Linear Ghost Types (Extended Version)
A grand sounds a bit high. I have a family of 4 and can't remember ever paying more than 400 a month. Granted, my employer picks up part of the tab but that's just how it works in the US (and it's dumb).
We were required by covenant to bank exclusively with SVB as part of the venture debt line we had with them. This is a condition that is (was!) very standard and non-negotiable. This is part of what I mean about the real talk: that venture debt line was clutch for us -- and I would wager than any hard tech company that you revere has used venture debt at one time or another.
> sometimes it's better to make prudent decisions that help everyone instead of attempting to punish the sinful

I'm conflicted about this. In the last seventy-two hours, I made a ridiculous amount of money standing still because risks that shouldn't have paid are being done so by people who shouldn't have to pay them. I personally benefit. But we've given tech companies a visible privilege American farms, factories and municipalities don't enjoy. T
But as other nations 'catch up' and turn out productive scientists and engineers in similar ratios, the disparity in the denominator becomes overwhelming. E.g. China.
I was like you and found out that you can actually remove the extra padding using CSS.
Lol. If every depositor at SVB just instantly took the straight-up haircut — to the tune of -20% or worse - 50 more banks would fail in the next week.

Feds are averting national crisis here.
> but I suspect that you hit diminishing returns at our current levels

I think there are plenty of uses for another million bioengineering grads. Combine the grads with R&D funding and we’d see a regular cadence of medical miracles.

Similar for materials scientists, robotics engineers, etc.

Also on a low tech side, a million more teachers, teaching much smaller classrooms, might pay for itself many times over.
in general, assume 2GB per billion parameters - with quantisation you can get this down to <1GB (~500MB for 3 bit?), but even with that you'll only be able to run quantised llama-13B in the best case

Having said that: if you are feeling incredibly patient you can technically run the 68B parameter model by swapping to disk, although it will not be a pleasant experience (think minutes or hours per token instead of tokens per second)

Additionally worth noting pure CPU inference is much slower than GPU/TPU inference, so the output will be much slower than a ChatGPT-like service even if it does fit in your computer's RAM
> There are no regional banks whatsoever

That's inaccurate. They don't the market share small US banks do collectively, and none of them are particularly focussed on tech startup, but they do exist, alongside credit unions - https://en.wikipedia.org/wiki/List_of_banks_and_credit_union....

The ATB seems particularly of note - directly owned and backstopped by the Alberta Provincial government, has ~15% of banking in the province.
Or my business idea is the "X" for "Y".
VCs have always been money managers looking to make a big return on their existing capital. No part of that has ever included being a good person or trying to do the right thing.

It's convenient for tech companies that VC investment strategy involves giving seed money to some startups, but it comes at a price of the VCs having some say over company decisions and a high percentage of ownership (and therefore eventual value).
Tammany Hall had plenty of crooks, and no doubt was happy to make terms with robber barons. But it was far from consisting of classic "robber barons".
When you call thread.interrupt(), if a target thread sleeps in a blocking I/O call, this blocking call should throw Java exception.

If target thread does not sleep in a blocking I/O (or uses some kind of unsupported blocking I/O, e.g. implemented with third-party JNI library), only some internal flag sets and no magic happens.

It's pretty simple implementation actually. Thread is not cancelled or corrupted in any way, if you handle this situation, it's perfectly OK to continue execution in this thread. Usually interrupt is used to coordinate termination, indeed, but that's not the only use.

So apparently they didn't find a better way to cancel a blocking I/O operation than just to close file handle from the other thread which causes OS to return some kind of error code from blocking call which translates to Java exception in the end.
> But the message to depositors everywhere, of every size, is "don't worry about your bank's solvency, we'll protect you".

Good, because that is the message the public needs to hear right now, if you don't want a domino effect to destroy the banking industry because customers freak out.

Obviously some regulations need to change but it's not worth sacrificing the economy and hurting everyone to make that point.
If you're depositing $10 million, you should be willing to spend $100k reading a few balance sheets. That's why the limit is $250k.
It seems incredibly hard to get right. On the other hand many countries seem to get it less wrong than the US, so maybe that's a good starting point.

One thing that immediately comes to mind is that first-past-the-post voting systems seem to produce pretty bad results, basically always devolving into a two party system which enables easy us-vs-them rhetoric. And while people love to debate which alternative system is the absolute best, there are many in use around the world that produce better results.
The term "robber baron" sounds so impossibly dated it's hard to take it seriously, and "oligarch" seems to be the favored term for when people have corrupt business relations in enemy states, so perhaps using "oligarch" is more illuminating for a modern audience.
They can move their accounts to credit unions (which won't get taxed by the FDIC) if they're so upset by these higher fees.
I believe most people here would not argue against the right to autonomy. Furthermore, if the government itself was against it, people who attempt suicide would be charged as criminals. The issue when it comes to substance use is that people under the influence will potentially cause harm to others. Substance abuse is often a symptom of other problems, particularly with mental health, and instead of simply loosening restrictions on meds it's better to direct individuals through the healthcare system for proper diagnosis, treatment and monitoring.
Most of your comments just read like you are frustrated and need to vent, which is fine, but remember your audience on this forum is strongly deliberative.
I didn't flag it, and I'm curious too.
Britain did significantly worse than it's peer nations in that decline, though. Clearly the rate doesn't have to be this low.
We tried it your way many times, and it failed in every case (civil war reconstruction, Treaty of Versailles, Iraq provisional authority, response to the great depression, etc).

When we do the other thing and focus on protecting the innocent instead of punishing the guilty, things have worked out far better (Marshall Plan, Covid response, this).
Those are not the terms of the BTFP. Nowhere does it say that to access this facility you must go under FDIC receivership and wipe out shareholders and bondholders.
If you don’t mind me asking, are y’all doing anything to provide liquidity to common shareholders until an exit event? Aggregating ground truth around what “almost IPOs” are doing.
There is no war.

A decent Samsung M series or A series phone costs about 150 - 250 USD in India.

I am using an A27 for past 2 years. It is absolutely fine. It works well, has a great screen, decent battery life, good set of features.

An iPhone would cost well over 450 USD here.

iPhones are phenomenally over-priced. An iPhone 14 costs about 3 months of median salary here.

I just don't get it.
Up until today that was the threshold. This FDIC limit is printed on every document from every bank, so you should have seen it before.

As of today the rules were changed in the middle of the game and there is no limit. Must be great to have powerful friends.

If that's the case everyone's just going to consolidate to using a top 3 bank when exceeding that limit.

So what? How is this worse than the status quo?
I’ve got lots of vintage machines but I’m going to sell them all because I’ve realized I enjoyed collecting them more than owning them.
Doesn't it depend on what browser you use? Also if it has 10-bit display and more?
I guess you could always play two streams at once and let the users audio device sort it out.
> Most of the EU also seems on the path to decline as well.

Far from it, the EU is at the forefront of many things, especially when it comes to regulation. The influence reaCh has had on manufacturing worldwide demonstrates that it remains one of the three big players on the global stage. Its commitments to social democracy and privacy of its citizens gives it a unique edge in some respects over the US.
I don’t see anyone saying they don’t have the right to fight back. That’s why it’s an interesting story for me, it shows why eco-terrorism can be a rational answer. Also fun to compare avatar themes with his ex-wife’s film that came out the same year, zero dark thirty.
Capitalism is all about maximizing profits. Turning it up to 11 and watching everything burn is the natural consequence.
Just grokked a couple of hours and pushed out a script that does very limited yaml to dbt "transpiling". Basically we are moving from a yaml based Airflow solution to another with dbt support. There are a hundred of jobs to migrate so I figured some automation is needed. It doesn't cover every situation but I estimate it can save 50% of efforts at least.
> you should hire an expert and not ask my advice which the parent poster did

Sorry, who has asked for your financial advice exactly?
Thanks! Sorry from my side too, for getting a bit irritated there.
Joseph Gentile (ex-Lehman Bros) has entered the chat.

https://finance.yahoo.com/news/silicon-valley-bank-exec-lehm...
Not sure I follow the logic. SVB is done right? Saving the companies that banked there is very different than saving the bank. Yes, it might invite more risk by big banks if they know there is a parachute for their clients, but if we close the bank anyways or clear out all parties involved and they have large black marks then there are deterrents (theoretically at least). I like that the gov is acting more like a scrappy company here and getting some shit done when the stakes are high. I dunno, just spitballing here, curious about the counterpoint.