skysight-inc/HackerNews huggingface dataset:
> If someone made fake milk that tasted like the real thing

Note that he wrote the word fake. It is a hypothetical fake milk. There was no dismissiveness intended.

> It's similar with how you replied to my comment with "please do be careful", you may mean it but it can come off as condescending.

I do in fact mean it. The whole point is that Oatly and other milk alternatives present themselves as healthier but simply replace one set of disadvantages with another and hide it in the fine print.

I will try to take your advice to heart but I do think folks just don't want to hear bad news anymore and shoot the messenger. I guess that in itself is part of the marketing trickery. :/

Anyway sorry if I am a bummer.
It’s not because the FDIC insurance is for the masses - everyday workers and waiters and taxi drivers and teachers. Lack of it can cause a revolution and actually destroy the economy whereas SVB will bring some companies down with it (unless investors take care of their portfolio companies) and VCs will send lots of Tweets and stuff.

The scale is extremely important.

But also we didn’t bail out Enron shareholders including regular folks who lost their life savings - this is more akin to that or something similar. VCs are professionals and sometimes shit happens and this time some of them got screwed (undeservedly) but screwed nonetheless. But it’s no different than the employees losing their jobs or when someone up and moves a factory - we don’t bail them out either and they also get screwed.
Agreed, pegging it like that will cause a run unless they are so flush with short term assets that they can handle it
The Performance Collective
> I wouldn't say it is the government's fault, but is it that unreasonable to expect this basic safety net as a benefit for being a subject/customer of this government?

Up to $250,000, which covers almost every individual and most businesses in the country.

You want to be bigger, you should be coming correct.
It's coming from the same system that probably led you to work at Startups your whole career. High risk for high reward on a lightly regulated capitalist system. If your CEO or CFO put all the money in one risky bank, it was bad financial management.
is this just a 404 joke?
No: it's not thinly veiled.
Are people seriously arguing for $250k and not a penny more, regardless?

I thought the argument some were making is that depositors should be guaranteed up to $250k and then get a proportionate share of whatever’s left (which is not zero!)
I'm hearing this 50% number everywhere but what is the source for it?
But is it irrational to take your money out if you think there might be a bank run? If I have a large amount of money to lose, I think I’d do the same!
I think there’s confusion in this thread, as some are advocating that depositors be made fully whole, and some are interpreting Yellen’s comments to mean that’s what will happen.
I'm surprised none of the answers mention the Bright Star Catalog:

http://tdc-www.harvard.edu/catalogs/bsc5.html

The BSC includes "positions, proper motions, magnitudes, and, usually, spectral types" of 9110 stars visible to the naked eye.

Equally interesting is the WCSTools package, which is a bunch of C code that can find or compute the motion of objects in a given catalog, like the BSC. There's even mention of Perl and Python wrappers for it.

http://tdc-www.harvard.edu/wcstools/index.html

If you search GitHub, you'll find a small handful of projects dedicated to working with WCSTools.
> One thing grammar does not do is constrain grammatically-correct language to produce only the truth.

In all fairness, this belongs only to context-free grammars. Also, I'm somewhat concerned that we may see a resurgence of behaviorism promoted along the lines. (It may be worth remembering what kind of regime this had been.)
I now wonder about the viability of an ad-supported movie theater and grocery store.
I did 38 years of NYC mass transit commuting. From northern Bronx to lower Manhattan took 1.5 hours each way (1 bus, 1 train). From Flushing Queens to lower Manhattan, also 1.5 hours each way (1 bus, 2 trains).
I mean, I’m much more concerned about the “immediately demanding taxpayers make them whole” bit.
I don't know whether Tether is a scam or not but something missing from those analysis is that a lot of Tether's shady behavior (e.g. commingling of funds, buying dubious commercial paper, etc.) can also be explained by their difficulty in obtaining and maintaining bank accounts.
You are conflating costs with difficulty. I agree that it is difficult to manage growth. This is a way in which some organizations create more value per person and per dollar expended.

One approach is for an organization to use open offices while they are building out proper offices.
I suspect that’s why they are offering 1.5-2x comp for SVB employees at the moment. They know the SVB systems. They are these power to get out of the situation.

I imagine the same would happen in other situations.
She ruled out a bailout of SVB's shareholders, but hasn't ruled out a bailout of SVB's depositors.
I presume the last one is for ensuring the safety of staff. Domestic abusers can use work schedules to stalk and harass their former partners.
It wasn’t a “risky bank”.
Coming soon: trademark suit from Alfa Romeo, whose parent company Stellantis also owns the trademark to the Lancia Beta name. The carmaker (and likely the courts) won't care about whether DeLorean would argue such tech terms as alpha and beta are fair use. What the heck were DeLorean (not) thinking?

EDIT: replaced FIAT with Stellantis.
You should be able to relocate the instruction pointers in the stem cell's dna to patch in place the original knee with new living original knee.

Hope that reality isn't 50-years or more into the distant future.
Ordinarily in the UK, although the legal rule says £85 000 is protected per person per bank, in practice the government has typically paid all depositors in full up front even though it takes some time to recover the value of the bank's assets. Politically this is a good idea if it's affordable because even if many depositors are unsympathetic, it only takes a few good causes to make you look like heartless bastards.

Of course, the UK banks are obeying Basel III, whereas SVB had fought hard not to be obliged to obey similar US rules because they're less risky (and thus, less profitable when things go well...). Obviously the liquidity protections in Basel III wouldn't be enough to prevent a run this huge from overwhelming the bank, but the capital requirements may well have meant depositors were less likely to begin such a run, and would also surely make it easier to successfully liquidate the bank if that became necessary.

https://www.bis.org/bcbs/basel3.htm

One reason to pay depositors (not shareholders, fuck 'em) is to shore up confidence in other banks. If I know I will get my money anyway, when I hear Local Bank might be fucked, there's less rush to withdraw my money, thus less risk of a run on Local Bank, thus they are less likely to actually fail. This is why FDIC exists, and why functionally similar (though very different mechanically) schemes exist in many developed countries.

If the US feels obliged to give SVB depositors their money anyway, the lesson is that you can't afford to have banks which will be so vulnerable, they all need to obey Basel III or equivalent (perhaps even more stringent) rules locally.
So basically, N Dash is a rich man's hyphen and M Dash is a rich man's comma?
Reread it.
IIRC part of the need for windows at least in some places is fire code requirements to have at two ways of exit for each bedroom, so that you can get out even if the fire is between you and the exit - this normally is satisfied by a door + external window, but won't get satisfied by a video wall.
How does this have anything to do with ads? Advertisements are used to fund the content you watch, not the infrastructure. Infrastructure is funded with the money you pay each month to your ISP.
Automatic Image Mining
> The stability of the US banking infrastructure is worth more to JPMorgan then haggling over a few billion dollars of lower rates bonds

I wonder why the leaders at JPM did have not announced this yet, to say they are paying 100% book value.

Seems like it would let everyone go back to enjoying their weekend, including Yellen and numerous other prominent people.
I think we’re too accustomed to startups here to recognize that SVB was actually assuming quite a bit of risk.

We acknowledge most banks don’t want to touch startups and that startups will have a harder time banking in the future. Yet I don’t see much consideration for the fact that there is a good reason most banks see startups as risky. It’s just explained away as “they don’t understand .”

Also consider the past 10 years have probably been the friendliest 10 years to startups ever.
Next story will be much more interesting about how he shorted SVB before he started a bank run.
> Can someone explain to me why is top management of these companies so low quality?

Basically, because of macroeconomic factors. It's been so easy to borrow money for so many years that there's been no pressure for management of tech companies to work very hard or economize much or be very smart.
that is a lie. the amount of money involved here is not that much. it would be very easy for a larger bank to swallow if they believed in the long term value of the assets.

the real thing is that SVB had an iconic brand, tons of business relationships, and very skilled and well connected employees, and yet none of that intangible value offset the hole in their balance sheet. that is the real indicator of just how bad it actually is.
Aren’t most freeways and interstates built by private contractors? Lots of toll roads are even “operated” by private companies and those tend to be the nicest, best maintained, lowest congestion roads.
I find it ironic that you mentioned taxi drivers, since many were initially collateral damage, and then moved onto drive for Uber or Lyft.

I would say that medallion holders, those with enough capital to pay the almost million dollars a license was running for around 2010, were the ones getting screwed. And if you ask me, I would compare them to whomever invested in SVB. Those will not get their money back.
> What do you mean by "user facing"? Can a user view the source code of a PHP generated page? How is PHP user facing?

It literally produces the website that the user is looking at.

Unlike, say, a microservice that retrieves some data.

> The term client-side dev is never used in the industry. Never.

If you paid attention to what I write you could've seen this: "Client-side dev has hijacked the term frontend to describe purely client-side development. ".

This is what happened, and you are a great example of this.

Two technologies produce user-facing UIs and sites by stringing together data from different services and presenting that to the user.

"OMG PHP runs in the server this is backend unlike this JS code that literally does the same"
This is very true. I have also tried shorting couple of times and while I got lucky a few times, there were trades where my PUT options expired just a week before a big downturn. :D And they say "market is perfect" or something like that in the sense that everything is priced in. So if you wanted to short in already-bearish market, the implied volatility would make it cost-prohibitive. And if you would try shorting in "good times" where IV is low, often you would see bullish market and your option value just slowly decreasing to 0... It is always about timing and predicting the future, one way or another.
Insured means they’re guaranteed to get it back. But the uninsured deposits are at the very front of the line for all further fundraising efforts.
The problem is that the real world, human thoughts and other things that language needs to try to express are not "sane." So if we are to have a common basis for communication, the guidelines will tend to get "insane."
JPM is a massive bank, they don’t need to market.
There's another interesting approach to the cow-fart problem, this being methane capture for biogas production suitable to run engines from manure storage. With current technology it becomes profitable starting from a population of around 120 cows, at which it supplies about 17.5 tons of (compressed) biogas which is sufficient to run a common-sided tractor for around 1000 hours. This is currently being tested in a pilot project by New Holland on 20 farms in Germany, France and Italy. There are other similar projects in different states of development, the mentioned one should become commercially available in 2024 or possibly this year.

Source: Land Lantbruk #5 2023-01-27 pp 20-21 (lantbruk.se - farmer's weekly in Sweden)
You have to be a Twitter Blue subscriber.
> So you’re saying the government (taxpayer) will get back 80%+ of the funds it uses to backstop depositors.

The government should get 100% of the immediate cash it provides to cover the $250K per account. Hopefully with interest.

> Isn’t that a small price to pay to avoid a total collapse of the local and regional banking system?

No that’s the type of bankrupt logic (pun intended) that would create an even bigger financial crisis due to incentivizing bad risk taking by banks.

And SVB paying out depositors $.80 on the dollar isn’t going to collapse the banking system.
> The liabiity issue: extreme reliance on institutional/VC funding rather than traditional retail deposits

Unsurprising how the bank failed due to the VC driven mania and now that the pyramid scheme collapsed right in front of everyone; taking the majority of startups in the tech industry with it.

Now we will see how unprofitable these startups really are and have been fully dependent of constant VC cash. A very big lesson to learn about risk.
From the article:

The government says the ETA scheme will strengthen border security...[clip]...under current rules it does not have wholly accurate data on the number of people entering and leaving the country.
There is zero precedent for clawbacks from on demand accounts at a regulated financial institution. This isn't even a "capital B" Bankruptcy, so I have doubts clawbacks would be legal.

That would also throw gasoline on the fire as people cease to trust even withdrawn money as whole. It's now in your interest to get your money out of any bank showing any weakness as early as possible.

Clawback SVB money Monday and we'll have a run on First Republic Tuesday and possibly 20 other institutions by the end of the week until we get to Ally and that will empty the FDIC piggybank.

Which is why the cooler heads at the FDIC try to make all depositors whole. Hopefully they can find someone to take SVB's assets on in HTM valuation and maybe some government equity in exchange for ownership. (Remember the government made money on its equity deals in 2008).
If the lesson you want corporate depositors to learn is that in the United States, any dollar beyond 250K in an account can evaporate overnight, than be prepared for a lot more bank runs in the immediate future.
Cubicles are typically acoustic in nature to dampen sound. My cubicle had a window behind me and a door. People used to decorate their cubes, if you had kids their art was all over the place, your desk was typically much bigger and you had way more storage options. A proper cubicle was just a small private office with thinner walls.
“It’s not the drones that kill, it’s the users.”

I bet that’s what they tell themselves.

(“And besides, the people getting killed are in the wrong anyway. And there’s the unseen good of the lives saved by these drones.” Continue this list for our PR department, ChatGPT.)
Do you have any theory about why the deadweight is even allowed to keep working at these firms in the first place?
Not according to JP Morgan... - https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/ins...

"The liability issue: extreme reliance on institutional/VC funding rather than traditional retail deposits.

...While capital, wholesale funding and loan to deposit ratios improved for many US banks since 2008, there are exceptions. As shown in the first chart, SIVB was in a league of its own: a high level of loans plus securities as a percentage of deposits, and very low reliance on stickier retail deposits as a share of total deposits. Bottom line: SIVB carved out a distinct and riskier niche than other banks, setting itself up for large potential capital shortfalls in case of rising interest rates, deposit outflows and forced asset sales. [Note: This chart appeared in our 2023 Outlook in a discussion on risks related to deposits, rising rates and quantitative tightening]..."
How were these “the rules?” The FDIC’s job is to make the bank’s customers as close to whole as possible. Where would the bank’s assets go otherwise?
But now banks know is just a bluff?
So before ~2000, living in houses, buying goods, and watching movies was free? Weird, I must have missed all of that, because I sure as hell was paying rent and $5 to rent a movie from Blockbuster. Can you point to where all these free resources were that I missed out on?
Tour of Itertools and More_itertools
parent comment is in response to OC laying out the standard payment schedule for bankruptcy proceedings...
What bank do you use?

When was the last time you went over their deposit base and asset allocation?
Can’t we just fly a U-2 all the way up and out of Earth SOI, then drift towards Mars in that situation? Do we still need to establish an orbit?
Haha yep. We all went through that phase in high school where communism kinda made sense and whatnot.
What do you mean with moon template?
Everything is pointing towards that it was a risky bank, with a "unusually high reliance on corporate/VC funding".

Maybe SVB themselves downplayed this?

Take https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/ins... as an example:

> The liabiity issue: extreme reliance on institutional/VC funding rather than traditional retail deposits

> While capital, wholesale funding and loan to deposit ratios improved for many US banks since 2008, there are
exceptions. As shown in the first chart, SIVB was in a league of its own: a high level of loans plus securities as
a percentage of deposits, and very low reliance on stickier retail deposits as a share of total deposits. Bottom
line: SIVB carved out a distinct and riskier niche than other banks, setting itself up for large potential capital
shortfalls in case of rising interest rates, deposit outflows and forced asset sales.
And each and everyone of them has a slam-dunk case in a class action lawsuit against the board of the company they were employed.

Not to mention employees didn't have their savings in SVB so their net worth is not at risk, whereas it's the 'net worth' of the company which is at risk because it was all stored in SVB accounts.
Today is Sunday, the 10785th of September, 1993.
Coca Cola & Red Bull are massive, they surely have tiny marketing spend… Right?
Angry vendors are a squeaky wheel.
There was content. But most of it was useless. Hobby level MySpace level, GeoCities stuff.

When was this decade? Navigator came out in 1994. By 2004, the web was fully commercialized.
This really sheds clarity on the situation. SVB was in bad shape long before the run, and there is no apparent next domino to fall. FDIC limits are very well understood and relatively easy to work with (despite the rampant FUD about “who’s going to use multiple bank accounts”, deposit sweep programs are highly available and convenient). This is a risk management failure by depositors (in addition to the bank of course), and should be treated as such.
widely seen as the most ugly (and corrupt, from the builders/landlords practices) block of flats in london,uk, is Centre Point (corner of new oxford st and charing cross rd) - originally intended as offices. i cannot imagine why people that can afford to live there would want to live there.
Can Pachinko be Skill-based? Taking a look at Hanemono
Thank god we saved the billionaire...
I have never used Lynx personally, but just going through the description of it i would say that wik also provide quick introduction lookup to a desired topic. Initially i made this as a personal tool just for this quick introduction lookup feature as i don't wanted to hustle through a browser for a just introduction search on the topic. But when made i made this project public i added full info and search.
Sounds like you're agreeing with me. "Flyover country" is what the people who live there call it. No need to put the words in anyone else's mouth.
Sorry, but this is misinformed. Chomsky's hierarchy of formal languages will never be discredited, regardless of his silly views on AI or whatever.
Quantum computing is "big if true" category, may turn out to be important or irrelevant or a dead end altogether. Some signs point to the latter already.
>Bacterial meningitis hits an immunosuppressive nerve

https://www.nature.com/articles/d41586-023-00540-0
Otherwise, what problem does this solve?

It makes those on the right who cry about immigration feel a bit better and makes for good security theater.
Not in today’s environment. My Citi savings account pays 0.12% interest despite fed funds being at ~5%. Big banks don’t need more deposits, they can’t even make enough on their existing deposits. They especially don’t need to get involved in another bank during a bank run.
We do this in our kindergarten class with paper. The teacher checks in with kids who are having big feelings and works with them to identify the feelings on a multisensory activity. I don't think we need a digital mediator here as very young minds often don't differentiate the message from the medium.
I’m worried about setting a precedent that the right thing to do is head to the exits the moment rumors start to circulate. It’s hard to argue now that that wasn’t the right move for any individual depositor in retrospect.

I can easily imagine this being weaponized by short sellers and foreign actors.
The submitted title is editorialized, I don't see anything that suggests Microsoft is using AI or computer vision or anything to "determine" student's emotions. It sounds like the "monsters" are just a tool that kids can use to help identify and communicate their feelings better. The teacher can poll for an emotional check-in and the kids choose the response that expresses how they're currently feeling.
Of course it’s a marketing document, otherwise it wouldn’t be public
> if you never notice the distinction then what's the point?

Given there is usage of en dash in the wild as you mentioned, there's a possibility this may be a case of "you don't know what you got 'til it's gone."
It's not the hardware that is struggling, but the software is getting more and more bloated. And by bloat I don't necessarily mean unwanted features, but more like extraneous abstractions.

There is no free lunch, everything has a price. If you want to have fast, very efficient software, you will have to optimize it for the hardware, which will cost development time. It also may or may not be maintainable.

Or you can use an all-in-1 solutions, that will handle everything in all (most) situations. It will be relatively fast to develop with, but the result will be far from efficient. It will be "good enough" for the current hardware.

As long as hardware is cheaper than developer time, this trend will not stop most probably.

(On a personal note, this is my favorite thing about embedded software: developers are forced to use hardware efficiently, which can result in surprisingly fast code - at least surprising when compared to regular bloatware)
Well, if depositors can wait 10 years, they will absolutely get 100% back. The assets are worth more than the deposits right now if they aren’t sold in a fire sale.

The problem now is that startups need the money quicker than 10 years. But to sell everything now means a giant haircut.
We have an existence proof to the contrary