skysight-inc/HackerNews huggingface dataset:
Allow each to work in their own way.

Discipline everyone to use a WRITTEN not VOICE work flow. Zooms or stand ups or whatever for clarity, not information exchange.

If you have a minimal writing based workflow (tickets, or “document driven deliverables”) everything will develop its own rhythm and work will get done at …some… pace.

It is where you cannot attribute accountability, or fine tune communication failures that you will experience your productivity attrition.
For this model, that is the only "legitimate" route. But since they were leaked, everyone seems to be using them anyway. There are other models you can download from Huggingface.
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https://thelandbankinggroup.com/careers/
Exactly. Or young people coming out of college having this adorably naïve, idealistic world view where everything fits nearly into their world view. Then they live some, experience things that don't fit so neatly, and begin to acknowledge the complexity of the world, becoming more pragmatist politically.

At least that was my experience of 20->30. I can't even think of a long sentence that encapsulates my world view anymore, let alone a single word like "conservative", "anarchist" or whatever.

When I was 20 I could have easily done so.
There is not much difference if you look at it from the point of view that one of those parties was just underestimating the risk they were taking (which is true of all bad decisions in life). I see no reason to bail out depositors over 250k
> The reason SVB is in receivership is because they don't actually have the ability to make all their depositors whole.

No, SVB is in receivership because they can make their depositors whole right now. They have most of the assets, it’s just that liquidating them immediately would result in losses far greater than SVB can afford, but that’s what a bank run demands.

The feds can take over, make depositors whole now by funding deposits from federal funds, while taking on SVBs assets and liquidating them on a timeline that maximises the value, ideally a value that covers all depositor funds.

In effect the feds provide a loan to SVB depositors, backed by SVB assets. Which is far better than either forcing the FDIC to actually payout the insured amount, because depositors get their funds, and the fed avoid having to handover cash to SVB to keep them afloat. Meanwhile shareholders take a bath, because their shareholding value drops to zero.
Amazing the IMF has a misconception of how banks work in their “basics” explanation!

From the Bank of England: “[…] Where the stock of bank deposits comes from is often misunderstood. One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them.”

1. https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...
> The US sees the big auto makers through they eyes of a country that needed at one point to start manufacturing around 100,000 bombers to fight in a war.

The same companies that said they couldn’t make ventilators at scale when asked to? Bailing those companies out based on an old reference to WW2 was just good marketing, not some deep insight only the government is capable of.
Israel's parliament extends ban on Palestinian family unification
"The law was originally approved as a temporary cabinet resolution during the second intifada, but was extended every year since. In 2021, then-Foreign Minister Yair Lapid said it is 'one of the tools aimed at ensuring a Jewish majority in Israel'"

Previous reports on this law: Israel's Knesset passes law barring Palestinian spouses

https://www.reuters.com/world/middle-east/israels-knesset-pa...

https://www.aljazeera.com/news/2022/3/11/israels-knesset-pas...
I could not take the book seriously due to how shallow it was. Written to sound clever, but lacking any actual substance. It literally could have been 2 pages of bullet points and delivered more value by dropping the pseudoscience nonsense and excessive "[famous name] is productive because they do X" trope.

The only takeaway I got was that Deep Work is a bullshit term for having focus.
ChatGPT made some mistakes in simplifying the language, but I think a lot of humans might make the same mistakes because the article is just badly written.

The "unintentional" part is of course a ChatGPT hallucination that implies something that isn't there in the original.
I'm guessing the most intense feelings of hatred and anger will be represented by that Microsoft paperclip monster?
The same thing people tell 22 year olds trying to find their footing who invested in the wrong degree.
Dairy cows do scale. Stop ethanol production and drop soybeans (not part of US diet until recently) and fill the plains with cows. Note they do need to be managed carefully - keep tightly packed herds and don’t allow free range grazing.

Bonus: the topsoil comes back. We stop polluting watersheds with pesticides. We have a healthier diet.

Seeking efficiency in the food supply is exactly the problem destroying the environment, human health, and will eventually lead to a systems collapse and famine.
So this company is "ClassicDMC", all they do is take Delorean parts and build "brand new" Deloreans out of those parts. This new "delorean" company seems to be just some rando brand that licensed out the name.

At least with ClassicDMC you can actually buy a car.
Is an incomplete picture that forget most relevant factors. For example that France and Spain receive more than 80 millions of international tourists each year and this factor have to be corrected to compare countries. Three of the four Peaks of high mortality in Spain coincided with holiday season: April 2020 (Holy Week, first big holiday after the first case registered 31-jan), June (Start of the holidays) and August (peak of Summer holidays).

After seen how each government reacted in the pandemic, I just assume that everybody lied in the statistics.
> If the government doesn’t make depositors whole then people and companies all over the world lose trust in US banks and eventually US dollars. This is a federal problem.

I fail to see how the government doing exactly what the law says and what they've always said they will do makes people lose trust in the US.
Having rewatched A1 a few times in the past few weeks (my kids rediscovered it), the original's story really doesn't make much sense if you think twice.

Once I understood that in both cases the story is there just so Cameron can do his worldbuilding, I enjoyed both films very much.
> Money to depositors for amounts greater than $250K is a bail out. They have no right to that money from the Feds.

I’m surprised to hear this perspective.

I think most people understand a bailout as cash injection. Not that you get more than what the government insures.

If it were the latter then bailouts happen all the time without bank failures or FDIC takeovers (all transfer > 250k).
I didn't say the US should bail the bank out. The USG should act to ensure the depositors of the bank are made whole because otherwise the market would get even more concentrated. The quip about buying the startup banking sector underscores the 'cheapness' of the purchase for any bank or entrant. All the USG need do is act as a matchmaker and maybe some kind of clearing house.
I don't think it's fair to blame the SVB depositors for the bank run. Perhaps you can blame public figures (VCs etc) who catalyzed it. Once a run starts, though, it's in your interest to run too.

If you had >250k in SVB and you managed to get it out before it was shut down, you'd be pretty happy with yourself right now. If you run a business and have an obligation to share-holders, it would be negligent not to try this at least.
So kinda like when your English teacher asks you to write a poem about whatever you want? Can't ChatGPT do that as well? There's at least novelty in whatever random content it generates, is there not? Just by having a large enough library you will create a new thing because nobody's been in the jakelope/unicorn area before, or whatever the dice decide. I feel like maybe there's something about this no-novelty argument, but it's not been worded in a convincing way yet.
First they yelled fire in a crowded theater, then they want to tax payers to clean up the mess. Disgusting.

But this take really misses the forest for the trees. Bailout or not, this is the nail in the coffin for the SV tech startup ecosystem. The whole thing runs on a major helping of fairy dust. Saudi royal family, let us give your money to a collection of bright seeming kids. Trust us, one of them will turn into the next Airbnb. We are the smartest guys on the planet. We have a winning formula and know how to advise these startups.

But now that the groupthink and systemic risks have been exposed, now that the smartest guys on the planet don’t look so smart anymore, don’t expect the next funding round to arrive soon, or ever. These startups will burn through whatever amount of cash they have left in an atmosphere of startup winter, then will shut down and the VC partners will move on to their next grift.
https://www.newyorker.com/magazine/2022/07/25/the-haves-and-...
Having worked with very non dry code where each instance has slight variations but none of the commonalities are captured.. I have to say it can cause a lot of bugs and a lot of headache to maintain.
No, they’ll have high trust that amounts up to $250K are covered. Because that’s what’s covered.

Any treasurer or CFO with half a brain knows that.
Like everything in life, "it depends."

If what you need can suffice with SQLite, then Postgres will work too.

If you're running an app on a VM, running Postgres on it too is easy and isn't "big". It's easy to install and set up, and you're set up for all the features you may want later. Plus you avoid having to refactor for a different database later on.

If you're running your app in a serverless context, or on a PaaS/SaaS, etc, then SQLite might be easier. But maybe you want horizontal scalability with a shared dataset and then you're back at Postgres.

Just picking one thing "because everybody does" or "because it's lightweight" or "it works in most cases" etc aren't good reasons to pick technology. Look at your actual application, make a list of pros and cons, and choose based on your situation, not the cargo cult answer from the HN hive mind.
Second biggest bank failure in the history of the US requires exceptions to be made due to the sheer volume of companies and assets involved here.

We don’t want to erode global trust in US banks and dollars do we?
> It should be noted that the Citi position advertised on Linkedin is for a full-time UX copywriter with five to eight years of experience, a spokesperson for Citi told MarketWatch, and Nguyen is one of 90 Photon employees who are currently providing services to Citi under contract for a project. While the banking giant pays Photon a market-competitive rate for its services, Photon is responsible for negotiating the contractors’ pay rates.

Welcome to corporate America. You don’t work for the company unless you are an employee. If you’re working through a preferred vendor you’re likely underpaid.

From the tweet, “My company…” - again, if you’re talking about the company you’re contracted to, that’s not your company, even if you want it to be.

This wasn’t $90k for the same role at the same company.

The headline is deliberately misleading. Marketwatch can be that way.
I just don’t understand why folks on the internet are so passionate about the depositors being hit by this. In terms of avoiding moral hazard they are about as far down the list as possible, and bankruptcy law supports that.

First stock holders get wiped out (common then preferred), then debt holders (folks who have lent money to SVB won’t get their money back), only then would it hit depositors - and in the case of a traditional bank it usually wouldn’t hit them hard since most funds are FDIC insured.

I can imagine being incensed about stockholders and debt holders being made whole, if that were to happen - since then people would learn the wrong lesson here. But nobody think that’s going to happen.

If depositors aren’t protected, then it’s going to have a lot of downstream impacts (people won’t make payroll, and employees who have no responsibility won’t get paid). And again, it’s not like folks who chose were gambling with a shady bank to get high interest rates, in many ways SVB was considered the least risky and most conservative bank to use as a startup. At least that’s why we chose it.
Devices/apps not being able to see each other or hand off playback reliably (mostly works but sometimes I meed to restart the rpi client).

As opposed to playback, once it's playing, it's smooth, no complaint there.
As others have said, if depositors are bailed out, it's a bailout. Pretending that changing the definition makes a difference is childish.

Whatever the government decides to do, this makes the VC and startup industry look really weak and entitled, and knocks them down from risk takers building the future to the same status as a bunch of bankers looking for a handout.

There was an opportunity here for VCs with lots of clout, YC included, to come up with a private solution to backstop this. It would have shown independence, maturity, and that more government oversight and intervention is not needed. That adults can take care of themselves.

Instead they went whining to the government, made a petition, tweeted sadly, and whatever else. It's unbecoming of an industry that's supposed to be scrappy and have an appetite for risk.
Just a crazy theory: some of the biggest players in SV are long on crypto and want traditional banks to keep failing?
I don't disagree with the conclusion in that video. But my criticism is precisely when filmmakers rely solely on CGI for every aspect in a scene. When used in moderation, and to _augment_ practical effects, as in the original Jurassic Park, or All Quiet on the Western Front, then it can increase, rather than break, immersion.

Eventually, we'll reach a point when CGI truly becomes indistinguishable from reality, but even then I'd argue that using it for all aspects in a scene would undermine what makes the art of cinema "magic". After all, would it really be filmmaking, or animation, at that point?
Taxpayers benefit enormously from a banking system that isn't a crapshoot. Workers benefit from businesses being able to make payroll.

The government isn't offering to bail out depositors. And taxpayers aren't even paying the $250k, that's from an insurance fund paid into by banks.
Ok, but the USA is not the entire world where it is growing
Hang on...

The issue here is not about whether the government should seize SVB assets rather than return them to depositors. Hopefully no one is arguing for that.

(The issue is about what the government should do -- if anything -- about (1) shortfalls depositors may face; (2) delays depositors may face in accessing the funds that do remain.)
> If anybody gets an extra penny more than $250K from the Feds than that is by definition a bailout.

I think this is naive. The FDIC or some government entity is in a pretty reasonable position to take on the longer duration assets that appear to have brought down SVB. If they hold those assets to maturity then everything is fine, and they can return deposits today if necessary because they don't need to sell assets to generate cash.
No.

There are lots of ways of producing JPEGs with similar visual characteristics but fairly different byte sizes. For example MozJPEG is known to quite efficient, and a tool such as jpegtran can reduce size without changing even a single pixel.

https://www.earth.org.uk/script/lossless_JPEG_compress.sh
Well it’s not even about innocence. They have the strongest legal claim.
Aaronson got the ACM prize for his work in quantum computing. Work which will ultimately be more valuable than Chomsky’s soon to discredited theories.
Terrible.

I’m getting rejected from everything and recruiter contact has been virtually non existent since December. A few recruiters have reached out, but they usually don’t go far because “oh you don’t have recent professional experience in random language/library we use”

It was a mistake to enter this industry in the first place, particularly the way I did it, it’s just unfortunate it was so expensive to learn.
Salvador Dali would be proud.
SVB catered primarily to businesses - the last thing we need right now is every business worrying about where their bank deposits are. If they do worry, it may trigger more runs as they all try to move their funds to “safer” banks.
Businesses sold a version of the internet to us, using advertising as a mechanism, and we eagerly bought it.
Why are you pretending that Roku would get $250k and not a cent more? They won't. The bank has plenty of assets, they'll take a 5% loss for their strategy of taking on counter party risk, not a 99% loss.

Everyone is going to be able to pay their employees, unless they're looking for a reason not to.
No. The Bank of England has it wrong...

"...Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer..."

"Deposit account" - https://en.wikipedia.org/wiki/Deposit_account

"Does The Money In Your Bank Account Really Belong To You?" - https://www.sgrlaw.com/does-the-money-in-your-bank-account-r....

"...At the moment of deposit, the funds become the property of the depository bank...Thus, as a depositor, you are in essence a creditor of the bank. Once the bank accepts your deposit, it agrees to refund the same amount, or any part thereof, on demand..."
OTOH, sailing might be possible. Odds are against the atmosphere being perfectly still, certainly.
Related: http://mcnamarafallacy.com/
This framing is a bit weird. The bond assets are not worth enough to cover SVB's deposit liabilities. Thus in a very real sense SVB was insolvent.

The fact that these were marked as "hold to maturity" for accounting purposes, means this insolvency was concealed until SVB faced a a liquidity crunch.

The issue was never that these bonds can't be sold (are illiquid), but that their real value was much lower than how they were valued under the applicable accounting rules.
Except I have to install Postgres and create a user for it, which I don't have to do with SQLite.
I think the depositors should get a bit of a haircut if selling the assets don’t cover all deposits. For example, 5%. If it’s more than 5%, then the government steps in and pay for the rest.

5% seems like the right balance between the two extremes.

Companies and people should pay a small penalty.

At the same time, we shouldn’t rock the financial system further. We need to have confidence in the system.

After this, the government should make new regulations to prevent this scenario from happening again.

For those wishing to just follow existing rules exactly as is, bear in mind that a contagion will likely reach your personal finances.
“I'm too good to learn Java”
Depends where the money is coming from. SVB has lots of assets — clearly not enough cash on hand for a bank run but they have lots of assets. Once those are liquidized depositors should get as much of their fair share as possible.
Think he pitched it as ‘WeWork for residential’?
No.

See https://github.com/mozilla/mozjpeg

Also, there is a fairly big problem with JPG that the ‘quality’ setting is not calibrated. That is you might look at one image and think it looks fine (which is subjective, depends on what you want to use the image for…) with a quality of 60%, but then you compress a million images at that rate, delete the originals, then you find that many of them look really awful. Not only that but there are images you could have compressed more and still been happy with the output.

If you are publishing images for the web consider using WebP which is consistently better, well supported now, and has a calibrated quality knob.
https://www.youtube.com/watch?v=vTHMwJ8kzjw
I love the AI meat grinder analogy, wow.
In the early years, these companies were tiny, struggled to not go out of business.

And because they were so small, they contributed very little paid time... anywhere.

Linux happened for free.
Facebook's open plan set up didn't come cheap. A Facebook insider once gave me a ballpark figure of how much their giant aircraft hanger cost and I recall it being 3x the price per square foot of private office space which means about 1 - 1.5x the price per employee.
You don't have to go all the way back in time to the root to reach the point where it cost so much less to live, that things which were within reach for the ambitious individual are now out of the question due to the exorbitant cost of living itself today by comparison.
Yup, this is a bit of a battery hog... another person posted a similar project using epaper, this should be able to get you days of battery life https://www.stavros.io/posts/making-the-timeframe/
I was replying primarily to this sentence.

> For depositors it's made whole, not bailed out, when of course it's no less a bail out.

It's not a bail out for depositors.
a collection of articles about flow... https://remoterenters.com/
Thanks! I've seen some of their videos over the years, but hadn't subscribed yet.
(I guess you missed the context)

I don't think the same can be said of FAANG equity, which is the context this was in: while it is still a good lesson to treat it as worth zero, you can regularly exchange it for cash at market prices.
4 Investing Lessons from the Dramatic Collapse of Silicon Valley Bank
The $250K is the FDIC covered limit. Amounts greater than that are not insured by the Feds. If the bank fails, the Feds ensure that depositors get at least $250K per account.

If SVB is insolvent than customer deposits are not worth their full value. The phrase “making all depositors whole” would be the Feds covering the difference. Anything beyond the $250K per account would be money that they are not entitled to per US banking regulation.

> If it were the latter then bailouts happen all the time without bank failures or FDIC takeovers (all transfer > 250k).

This has nothing to with bank transfers. It’s about deposit insurance.
Chomsky has an ideological hatred of his version of Anglo-imperialism and throws everything else under the bus in the name of that.

Has been doing that for decades.

He is intellectually dishonest and morally bankrupt. This makes his thoughts on other topics suspect as well.

Moreover how do you do diplomacy with Hitler2.0?

Thinking that giving up yet another piece of (for you) unknown land to one of those will bring peace makes you sound really naive.