skysight-inc/HackerNews huggingface dataset:
How about, the government simply take an equity position in these companies. That way, when the inevitable unicorns come along, they can make the VC profit. Instead, the government is simply taking a pure loss... for what? Literally, an equity position is a net win. The loss is capped out at the equity position (which they're already losing now), while the gain is unlimited. Sure, there is every interest in protecting workers. But we're also protecting shareholders in these companies, and eliminating their risk, while not taking any of the reward. When these shareholders make money on the startups, they will be first in line to demand low taxes and lauding the 'free' market. How silly
Which webhost do you use? And is it easy to run queues and schedulers on these webhosts?
Protecting himself while actively dooming hundreds of startups to failure
GPT 3.5 is the instruction tuned modern GPT models, such as Da Vinci 002 and 003.

3.5 Turbo is the ChatGPT model: it's cheaper (1/10th the price), faster and has a bunch of extra RLHF training to make it work well as a safe and usable chatbot.

https://openai.com/blog/introducing-chatgpt-and-whisper-apis introduced the turbo model.
Since this is nushell and perl and ruby are now starting to be considered 'old, is that so much of a problem?
In 2021 they should have known:

1. Long dated treasuries would almost certainly underperform long term if there were any interest rate increases

2. Interest rate increases were likely due to high inflation, low unemployment

3. Interest rate increases would correlate with a reduction in deposits

I’m not blaming a single person at all, but the bank in general should have been aware of this. While this seems more obvious in retrospect, it should at the very least have become obvious once the first rate hikes were announced
No insurance premiums will reflect estimated risk of total bank failures going forward.
I thought we were done with "too big to fail".

Let them fail. Otherwise this will keep happening.

Safety-nets in society are to make sure poor don't stave to death or have to sleep in the woods.

They aren't so executives can take massive risks without repercussions and never have to worry about living out of their car or even just selling the vacation house to get by.
I think you're imagining that they have an insane amount of muscle with low body fat, but I'm saying somebody who could be at the higher end of healthy body fat but with plenty of muscle might actually be overweight or even obese by BMI, even if they are perfectly healthy.
Recently cancelled cartoonist Scott Adams once compared women asking for equal pay to children asking for candy.

I think comparing the depositors in Silicon Valley Bank to these children would have made a better analogy.
There are different communities with different rules. See how one uses power tools: https://youtu.be/m0qenuKmong
The depositors of these banks, me included through my exposure to USDC, should be the ones who pay the price for the bank's risky lending strategies, not the depositors of other banks.

Otherwise there is no reason for depositors to do due diligence, and we get a less effectively managed economy as a result.

Consumers do much, if not most, of the management of industry, but that's only if consumers are fully exposed to the costs incurred by their choices. It's because consumers bear the costs in cosmetic procedures that such procedures are getting cheaper while healthcare gets more expensive:

https://www.ncpathinktank.org/pdfs/st349.pdf
I'm not a fan of Thiel but I don't see what he did was wrong.
This ominous hallway conversation could have been an email.
If you raise taxes enough, you can actually reduce inflation and solve the problem. But which country has the legal structure in place to raise taxes essentially every few months, on demand? Even if they did, almost no companies are ready to handle tax rates that change by the month.
Ask HN: Is there title inflation at your company?
Justice is the idea that people are treated equally, impartially, and fairly under a set of standards. If someone breaks the rules justice is them getting the same punishment anyone else would get, concerns about externalities don’t come into it.

Is everyone getting hurt ideal? No. But that’s a different question than is it justice.

IMO this is what happened during 2008. The government tried to minimize harm at the expense of justice, and people are angry because they don’t realize how bad it could have been.
Cool. Suit yourself. You got lucky this time and are getting bailed out.
Silicon Valley Bank?
A bailout usually means "company kept afloat via direct cash infusion from the government". In this case, the company and its assets are being liquidated to pay its depositors. The special assessment is to replenish any money spent by the FDIC's insurance fund, and as the press release says, that is required by law.
Not everything is a conspiracy
Why would anyone provide their files to a random internet website? It’s a security problem.

A lot of formats can be converted locally.
Sounds like you should vote for better politicians then. Oregon has a lower tax burden overall but provides almost $800 / week in insurance. Seriously, your state has a democrat supermajority and a huge budgetary surplus. Where are your politician's priorities. Seemingly with large corporations instead of normal people.
> My only wish is they stop with the euphemisms

Yeah, it kind of stuns me that this apparently works well enough for them to bother with the deception. I suspect it depends on a significant portion of the media choosing to just print quotes without highlighting the obvious implications. Sadly, I've noticed that highlighting such 'polite fictions' (or not) tends to vary in relation to the media outlet's political alignment with the party in power at the moment.
Ownership of property and profit from labor are the foundations of Capitalism. Following capital as it trickles up is interesting but is only a part of the larger picture.
I don't think any coverage should go over FDIC.

We can't let the taxpayer cover such mistakes. Even though they have "explicitly" said that the taxpayer won't you simply have to follow the money to figure it's the case. Someone will be on the hook for the other end of their loan should it go bad. If you didn't insure your capital over FDIC you honestly deserve what came to you. I've never been a controller but I've been close enough to the bank accounts to know this is absolutely common sense.

The system is working as designed. Take stupid risks, win stupid prizes. I don't mean to be so mean about it but the alternative is unfortunately what we've done as of today. The FDIC insured everyone will be made whole. This means, effectively, FDIC insurance is limitless for a big enough failure and banks are free to do as they please knowing daddy G will come bail them out before it gets too bad. Worse there won't be jail time for the problem. I'm not sure who was responsible for thinking taking short money and buying long bonds was brilliant but it feels like at the very least a breach of fiduciary duty. I might have a softer view if they at least diversified along the yield curve and tranched their other investments properly.

There's far too much astroturfing going on here and elsewhere that these banks "did everything right and got crushed by a run". No, the run was the effect. The cause was piss poor risk management. The spin going on right now is dizzying and if you weren't paying close attention on Thursday and Friday you might even be forgiven for thinking the banks are innocent.

As a side note I'd be interested in a deep dive into why VCs recommended Silicon Valley Bank so feverishly. Perhaps there's a connection there to explore beyond "it's a popular stable bank" considering there are many better stable banks available.
(If Intel charges $17K when they're losing, imagine what they would charge without competition.)
See https://github.com/ggerganov/llama.cpp/issues/62 (the related repo was originally posted on 4chan, is all, but the code is on GitHub)
You need a Switch emulator for that
The real question is why the regulators didn't notice.

Banking is far, far from a free market. Especially since 2008. There is heavy regulation, stress tests, etc.

People keep talking about how we need more/better regulations but none of that matters if the regulators look at a bank doing risky stuff and don't realize that it is doing risky stuff.

One of the reasons I'm glad about the government's announcement tonight is that I suspect there are a lot of other banks that are similarly exposed to the kind of duration risk SVB was, including First Republic, and now that people are looking for that the chance of further bank runs is pretty high.
OpenAI has an Edit endpoint but it has a very limited rate limit and its unclear if that will ever be raised. Also my attempts to communicate with OpenAI support about related matters were generally ignored for a month before receiving any response. So that's why it outputs the full code. It may be possible to build a diff-based solution also but its a bit complicated and when I tested with normal diff the previous models were not able to do it consistently.

Allowing users to generate from the homepage would require anonymous generation which I am hesitant to allow now because it would be unpaid usage and no username to pass to the API, and OpenAI may ban accounts that are associated with certain prompt content. But its definitely a good suggestion to consider to consider anyway.
My answer: It is a bailout. And that's ok, if it was the best of bad options. Must we play the silly semantic game? By your explanation, all the bailouts during the '08 financial crisis also weren't bailouts. But they were.
I’ve been using bash for 25 years and like powershell. I like nushell more though (for the reasons the sibling comment mentioned).
The Emacs Lisp Reference Manual is the obvious resource. It also comes with Emacs so once you are comfortable with the Info reader you can have it at your fingertips at all times. https://www.gnu.org/software/emacs/manual/elisp.html

Emacs also has comprehensive and high quality docstrings on functions and variables. I find them to be much more useful than in most other languages. You can very often get by just reading the docstrings.

And finally don't be afraid to look at the source. Bind find-function and find-variable to some convenient keys.

For those who are new to Lisp or want a refresher the Elisp Intro is great too: https://www.gnu.org/software/emacs/manual/eintr.html

Start simple. Find a personal itch to scratch, write some interactive functions that you can bind to keys. Or a hook to make something work way you'd prefer.
…Just As In Every Product Launch In History
One could think of it as the FDIC stepping in to solve the prisoners’ dilemma. While depositors may only face theoretically tiny losses, the ones exiting first get paid in full, while the ones staying are left holding the bag. It’s a small cost to the other banks to backstop the bank run through FDIC, compared to potentially costly capital raises they may have to go through if there is a systemic loss of confidence. The downside is the moral hazard: will depositors think they have implicit unlimited insurance from now on?
Give any sixel-less terminal the sixel-tmux googles and you'll see an ascii rendition of the sixel images: https://github.com/csdvrx/sixel-tmux

It's not ideal unless you use a very small font, but it's better than nothing.

BTW some people recompile libvte to get proper sixel support in their favorite terminal: https://github.com/mate-desktop/mate-terminal/issues/410 and then get results like: https://www.youtube.com/watch?v=mLQbAYJGZMA
I don’t know about rprompt but check out oh-my-pwsh
The amount of the potential losses on the uninsured deposits was a very small fraction of $150B.
Better count "enterprise value" than market cap, as that's the price the company is worth.
"
It would be good for everyone to understand that in taking his own money out, and encouraging others to do the same, Thiel was protecting himself while actively dooming hundreds of startups to failure. This was a choice to get his and screw everyone else."

https://twitter.com/moorehn/status/1634973901230071809?t=RXV...
I think the power argument still stands - sex workers often do get abused and treated badly.

On other hand I think that single cause models always are more a device of narrative than real world model.
This comment I wrote is wrong, please disregard it.

https://news.ycombinator.com/item?id=35130813

> Securities held by a bank can be classified as either "Hold to Maturity" or "Available for Sale". HTM assets can not legally be hedged against interest rate risk.

TIL.
> Yeah, why is 1GPa being referred to as "near-room pressure"?

Because it's _very_ close to room pressure compared to other results. For example this team's last result (that's ... very questionable, but ignoring that), needed around 250 GPa.
What I'd like to know is why through the all of the posts and comments about this on here, the people responsible are never named. Who are/were the scoundrels running this bank, and why haven't they been run out of their homes and driven out of California with pitchforks?
> startups are a low-interest-rate phenomenon

It's funny, I wrote the exact same thing in another thread hours ago and had people coming to me saying I'm ridiculous and detached from reality. Now I come here and see this top comment.
Honestly, the script/hack/automation I'm still most proud of is from around 1983, when I was 12 years old, for my Commodore 64. Back then, all computer communications were over the phone line, and in my house, we only had one line, so I spent a lot of late nights, dialing into BBSs, often not going to sleep until the sun came up. Then, I would get in trouble at school for falling asleep in class. So I came up with a little program I called "Simon". I named it after a popular kids game called "Simon Says". It was basically a 1983 version of Selenium. I created instruction files, which would tell the main program (Simon) what to do: the time to dial a BBS, the number to dial, the login info, and then all the commands to send. It did things like download my messages so I could read them the next day. Send messages. But mostly, and kinda shamefully, it was used to pirate games. I had a list of about 10 local BBSs that I would dial every night, and a list of games I was looking for. If Simon found a game on the list, it downloaded the game for me. Then, it would hang up. I even created a hard-hang-up time of 7am, when my mom woke up, because if the computer was still on the line and she needed to use the phone, she would kill me! LOL

I'm still super proud of that because it was so much fun to create. I recall "releasing" the program to a handful of friends, and they all seemed to like it, but it never really went anywhere.
There is a huge spectrum of coverage possibilities in between 250k and “effectively infinity”
Yeah, the fees and lower interest rates from this will be pretty brutal for the poor. Not using tax dollars is actually pretty regressive.
Oligarchs usually have deep ties to top people in Government and they do each other favors. Some aspect of that probably happens at some level with some SV (and elsewhere) big-wigs and Government but not to the extent it becomes too shady. Of course there are whispers it does happen especially as it concerns family members of high gov officials seeming to have beneficial relationships and businesses getting a friendly ear. Or executives having a direct lines to gov officials.

I wouldn't be mad at Bernie if he called executives out for behaving like Oligarchs.
there's many more, it's a constant churn and not really worth it
Its a (potential, whether any funds will be necessary is unknown) bailout of depositors (not the bank or its shareholders) at the (potential) expense of other banks (not taxpayers).
Easy to justify in one’s mind if failure was inevitable. Bank runs are a nash equilibrium especially if you realize you are first in line.
One of the easiest ways is to use Google’s Programmable Search Engine service, which allows you to create a custom search engine that searches only the sites you specify. You can also customize the look and feel of your search engine and integrate it with your website. You need a Google account and follow to create a Programmable Search Engine.

This steps:

Sign in to Control Panel using your Google Account.

Add the pages you want to include in your search engine in the Sites to search section.

The name of your search engine will be automatically generated based on the URLs you select. You can change it later if you want.

Select the language of your search engine.

Click Create.

You can also use other tools or platforms to build your search engine, such as WordPress plugins, Algolia, Elasticsearch, etc. However, these may require more technical skills and resources than using Google’s service.
> What about the stock sales they made right before the FDIC took over

Is there a more clear cut case of insider trading? SEC should already been working on that now.

Anyhow, you're arguing that they SHOULD end up with nothing, that is an entirely different subject of its own. Because you're talking about punishment, while I'm talking about deterrence.

Punishment must be enacted from outside after the fact, while deterrence can be innate before it happens. These senior management could have years of cushy job and more equity, and now they have to rely on savings and have the SEC up their ass. It's clear which is more preferable.
I don't get how your comment demonstrates that the rest of the conversation is inept. The whole conversation everywhere has been about this trade off.
There's a part in the the movie where a higher-up asks Will Emerson who all are left in his risk department after the layoff, and he points to his two junior analysts. So basically Eric Dale's entire department was cut.

Sam was constantly having "I told you so" moments with other executives, including the one who fired Eric, implying that they all had a good understanding of what they had been doing all along but willingly chose to ignore the risk. Laying off the risk team was the next natural progression of this, because they were no longer a real part of operations at the firm.
You would think that there are people around POTUS who would understand PR, but maybe it’s just doesn’t matter anymore?
Circular plasmids and SV40 promoter variation found in Pfizer bivalent vaccines
I think a more accurate description would be something like:

1) SVB deposits were suddenly up ~4x

2) Interest rates were ~0% and few customers needed loans

3) The only way to generate a spread (i.e., keep the doors open) was to buy long-dated securities

4) SVB crosses their fingers and hopes rates don’t rise

5) Oops, rates rise quickly, assets devalue quickly

6) SVB is a little tight on liquidity and wants very badly to avoid selling their devalued assets, but can probably ride it out, provided they can raise a little cash and don’t lose more than maybe 15-20% of their deposits per year

7) People get nervous

8) SVB loses an absolute shit ton of deposits

9) “Hi, we’re from the FDIC and you’re all fired”
I can imagine this is true of any news anchor.
`clean`

To regularly remove any files in commonly dirty directories that haven't been viewed in a week

Keeps the desktop tidy:
https://gist.github.com/higgins/b825103ce0bcf3fbefc79a439212...
Agreed, in the abstract the system is better if people and businesses are more protected from events that are out of their control.

The argument that the system should punish people for not risk averse enough to protect themselves against bank failures is like saying that languages with type checking are bad because they make soft programmers who can't protect themselves, even though the safer system is easier to use, and allows its users to focus on different, more important/business relevant problems.
What was he supposed to do, stay quiet about it and hope nobody else noticed?
You know what will never go over with a crowd of smart people? Thinking you are smarter than them.
Is it feasible for this or similar to run on an Apple Silicon iPad Pro?
Oligarch implies the government grants and helps enforce a monopoly to a single individual. There are few, if any, individuals in America that this can apply to. There’s definitely regulatory capture in the US, but oligarch is hyperbole and/or a lack of perspective. It tends to be people equating US billionaires with Russian ones who definitely do fit this definition.
Central bank providing liquidity is not a bailout. It’s a central bank function.
Hopefully this[0] should be the last word on "useless" uses of cat

> When I offer a pipeline as a solution I expect it to be reusable. It is quite likely that a pipeline would be added at the end of or spliced into another pipeline. In that case having a file argument to grep screws up reusability, and quite possibly do so silently without an error message if the file argument exists. I. e. `grep foo xyz | grep bar xyz | wc` will give you how many lines in xyz contain bar while you are expecting the number of lines that contain both foo and bar. Having to change arguments to a command in a pipeline before using it is prone to errors. Add to it the possibility of silent failures and it becomes a particularly insidious practice.

[0] https://stackoverflow.com/a/16619430/1040915
> the vast majority of agricultural production in the other countries you mentioned is consumed domestically.

A sensible argument, lets see...

2019 Arable Land (Million Hectares):US 157.7, India 156, Russia 121.6, China 119.5, Brazil 55.8, Nigeria 34, Ukraine 32.9, Argentina 32.6, Netherlands 1

Arable Land/Population (Hectares): US 475 000, Brazil 260 000, China 84 630, Netherlands 57 000

> Agriculture is something like 2% of the economy of the netherlands.

And employs only 2% but for the size of the country it seems quite the accomplishment?

https://www.topuniversities.com/university-rankings/universi...

But laugh a little, we sell more Cheese than France and Italy!

2020 top exporters of Cheese (billions): Germany $4.79, Netherlands $4.11, Italy $3.57, France $3.49, Denmark $1.71

And more beer than Germany!

2020 top exporters of Beer (billions): Mexico $4.89, Belgium $2.08, Netherlands $2.08, Germany $1.28, US $0.503

You see how I'm making your point for you?

Perhaps semiconductors from Hong Kong is a better example.
Small customers get BTC from an exchange, which keeps their accounting internally. No transaction volume limits.

Later the small customer may move that BTC to self-custody, which could be an on-chain transaction or LN or other side chain with more transaction capacity.
FWIW, I've made basically the same call for now: Fish has been my daily driver for some time, but I have a lot of interest in Nushell and some real affection for Elvish, and I think I'd like to eventually make the switch to one of these newfangled shells with the structured pipelines one day.

The great thing about shell languages is that you get to practice the scripting language with your everyday interactive usage, which is one of the main reasons I'd eventually like to switch, even if I see that perhaps the most exciting use cases are wrangling JSON and YAML in scripts.
Flat vs. Material vs. Skeuomorphic Design Examples (2020)
You can't say that right now, I'm not sure anyone can. The government is literally writing a blank check because they don't yet know how much it's going to cost to fix.

Everyone seems to be operating under the idea that while their liquidity came into question the underlying assets were and are strong-- if that were true they would have found a private sector solution early in the weekend. Waiting until 6pm on Sunday and a second regional bank collapsing to announce "oops, all bailouts!" seems like an open admission we're in the early stages of another banking crises.