skysight-inc/HackerNews huggingface dataset:
My problem with alternative shells (anything not bash) is that I have to learn bash anyway, and if I want to use a scripting language that requires me to first install a runtime, drop into it, doesn't work on colleagues machines, etc. then there are many non-shell alternatives that are better. I'll learn nushell or whatever once a mainstream or somehow desirable distro ships with it as their default shell.
Some people like the "extra" checks of a 2 week cycle. Others prefer twice monthly cycles because it better aligns with expenses like mortgages and utilities.
Companies will always look to (a) maximize the amount of available decision power and (b) externalize decision risk as much as possible.
I think a big part of the problem is that the ads you see are the ones that win an auction and not necessarily the ones “most relevant” to your profile. There’s an element of relevancy, but I believe it’s frequently overwhelmed by the simple willingness of a given advertiser to pay, even if they know you may not be a precise match to a given profile. We still end up mostly with ads for products/services/industries where the return on ad spend is better, and it o my matters what your interests are at the margin.
Yeah but you get the same from

random-app < ./myfile.txt
So, money machine go brr?
Sort of burying the lede - also states that all SVB depositors will be made whole along with Signature depositors.
"Startups that are worth saving will be saved" feels like the same category of statement as "It's always in the last place I look". They both describe common sense behavior (save things worth saving, or stop searching once you found what you're looking for). But they are not tautologies in the strict sense, you can make them false; and quite frequently they are false in practice, mostly due to imperfect information.
Federal Regulators Will Ensure All Silicon Valley Bank Depositors Are Paid
Would not have applied to this train even if it were true.
https://www.factcheck.org/2023/02/ntsb-chair-contradicts-pos...
I disagree - it’ll be bailed out in the same manner by which “pro labor” (yet actually a scab) Biden promised to help the workers at railways - but instead made it illegal to strike.

Rep and Dem alike - this election season is going to be worse than 2016. Strap in.
> After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13.

this is also material. means the fear for SVB depositors being unsecured creditors stops today.
There used to be a TV show in Europe called "Domino Day", where teams competed to build very elaborate domino structures. Used to love the sound of the dominos falling ...
“After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
I feel like the global banking system is surfing a wave that’s just about to pull all of us under. I wonder if today will be an entry in a Wikipedia page.
3:00pm ET Update: In a reversal of what Janet Yellen said just hours ago, WaPo reports that federal authorities are "seriously considering safeguarding all uninsured deposits at Silicon Valley Bank" - and by extension any other bank on the verge of failure - and are weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system. Translation: bailout of all depositors, not just those guaranteed by the the FDIC (<$250K).

Buying USDC might be a good investment with a quick 10% return
This was an arbitrary date and the transfer took less than 30 minutes.

It was my first time using it and it was about as painless as I could have hoped for.

I will say that we mostly only fly to a couple places and we mostly fly ANA, so we are an edge case.
If I had $1M stored in SVB, I would have 4 accounts with $250k each. Why is this so hard for people to understand?
> No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

i'm out of touch with how much of this works, can someone explain how this is paid without burden to the taxpayer?
How exactly are they guaranteeing all deposits? They claim to not be bailing them out and they haven't found a seller. I'm smelling bullshit.
Signature Bank has been closed state authorities
I thought I was neutral enough to avoid a scolding but you can never be careful enough for that I guess!

Anyway to a meaningful extent the source is the content when discussing an organization formed around a certain ideology for a certain goal and so I will attack both if I feel like it thanks.
And the even more important: pointer to Recursive Imposter Syndrome
> consistent user interface with TUIs

How? Every single TUI app i have on my system has its own look and feel, down to even using different keys for the same or similar tasks. At best a few have vi-like hjkl keys for movement (but no number prefix) and some might use ? for showing the available keys or some sort of help, but there is pretty much zero consistency beyond that.

At least in comparison the overwhelming majority of GUI applications agree on things like what Ctrl+C/X/V, Backspace, Del, Arrow, etc will do and they tend to react the same when you press the left mouse button on something that vaguely resembles a push button or a check box (most also agree how scrollbars work, though not all of them).
> We're really saying "I'm not the kind of person who likes this thing"

A friend of mine often makes the comment "x is not for me". I like it and have adopted it. I appreciate the lack of negativity. Too often people will just say "I hate x" when really hate is not what they mean.
All depositors will be made whole. Good news. Wonder how many more will still fail this week.
This applies to the ones who are already in.

I do mention how they got in, in the first place.
Yeah, they just pull $25B of out that hat, nevermind talks about debt ceiling and defaulting on US debt.
I probably would have bought the $1250 tickets instead of the $5k tickets, but we certainly appreciated the upgrade.

It's what I have the cards for, after all.
Oddly, that's whats happening on Twitter too: the haute couture space ppl ran to start a space and frame it as "the contagion beginning"

I find this to be an odd moment in internet history, a lot of its senior elders seem to have forgotten the odd effects it has on discourse and are unintentionally leaning into it
I would say you can get a long way with trying to prevent your own code from emitting interrupts. But how do you stop libraries or the JVM from emmiting them?
The article is pretty trash, honestly. It is one paragraph stretched to fifteen.
… and we avoid contagion of all regional banks.
Yeah, it sucks because it’s going to show up as inflation.
It's coming out of the insurance fund, which is paid into by banks. So the cost is still ultimately borne across a wider sphere, but not the government per se. (This is what's meant by "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.")

The costs aren't borne by "the taxpayer", but an awful lot of taxpayers who had nothing to do with this or even purposely avoided it may be paying higher banking fees as a result.
> just because of their choice of financial institution

There’s a moral hazard to all choices made in business. Making a choice based on insufficient due diligence is a hazard. Chasing higher rewards at higher risk is a hazard. Are you saying the government should indemnify businesses for their choices?

My understanding is that SVB avoided some restrictions placed on other banks. It’s not clear to me the why’s and wherefor’s of this but there are only two options. Either malfeasance on the part of SVB, or ignorance/risk-taking on the part of the customers.

The scahdenfreude I believe comes because it’s assumed many customers would be from the “this time it’s different” school of business, in which case there’s a lesson akin to caveat emptor begging to be learnt.
It's a bit embarrassing to have to invoke the systemic risk exception when regulations on these banks were relaxed in 2018 on the theory that they wouldn't pose a systemic risk if they got into trouble. This should spark some serious soul searching from everyone involved in that effort, but I'm not holding my breath.

Anyway, I'm happy for all the depositors.
I could have sworn that was already posted here, my bad. Can mods change the thread title?
I agree with you to some extent concerning Nigeria. But Nigeria oil reserve and output is not in the same league as Saudi. This is very fundamental. Another one is population. Nigeria is 9 times more populated than Saudi.
Infinite money hack strikes again. The lie here is that this takes care of "households" and "small businesses"—no, this is a bailout ("backstop") that saves the richest of the rich (namely, VCs whose startups parked cash in SVB). Why do you think Gary Tan, Marc Andreesen, etc. went on a press tour yesterday?

This is why gambling on Robinhood and on crypto is so pervasive. Regular folks realize that they have zero chances here, it's absolutely a rigged game. Just like in 2008, this isn't capitalism, it's just socialism for the ultra rich.
> "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law."

Very curious to see who ends up paying this special assessment. Are we all going to pay in lower deposit/investment interest from banks? Are bank shareholders/profits gonna eat it?
Being anything in high school is pretty meaningless, since they accept everyone regardless of skill. So being a 6'2" HS basketball player is just about as much a qualifier as 'reasonably athletic young random dude that's above average height'.

So no wonder someone like that would lose to a pro player (male or female)

In fact that's exactly what high school activities are for - skill discovery with low stakes.
Mistakes you probably make as a coder
Hey, so I've just finished a pretty work intensive 2 months making an animated video on the common pitfalls of programming. It's a bit philosophical, but I wanted to share some of my knowledge and experience with other coders out there. I really put my heart and soul into this so I hope you enjoy!
WSJ article at https://www.wsj.com/articles/federal-reserve-rolls-out-emerg... "Federal Reserve Rolls Out Emergency Measures to Prevent Banking Crisis. Depositors will have access to all of their money starting Monday, regulators say"
STM is not that fast. The easier solution is to switch to virtual threads and sidestep the issue.
May they never ever mock us with false free market beliefs again. Crony capitalism.
Maybe. Essentially anything they could've bought would've had a similar kind of interest rate exposure. Laddering maturities would definitely have helped, but they expanded their portfolio quickly, and off-the-run issues are much less deeply traded, especially if you're a newcomer that doesn't have connections with the rest of the market.
“Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”
> depositors will have access to all of their money starting Monday, March 13

More funny language. Why use the word "starting" instead of "on"?
Related to #1 you mentioned, to me Textual looks just ugly - like if someone thought it wasn't enough for desktop GUIs to be infested with mobile phone UIs, it also has to be the terminal apps too.

Like, hell, their examples have some *HUGE* buttons, starting with a calculator app that is all buttons - who is going to click on those? The calculator-with-buttons barely makes sense for desktop GUI apps (it was helpful back in the 80s when everyone had a physical calculator on their desk to help see the metaphor of the "virtual desktop" and it is arguably helpful on touch screen devices today for obvious reasons, but on a machine with a keyboard it is superfluous), let alone TUIs.

If you want to see a TUI that actually looks good (though a bit too much on the fancy side, but it doesn't pretend to be something it isn't) check btop:

https://github.com/aristocratos/btop
It appears to me that for the general person, credit unions are strictly superior to regular banks. My credit union has consistently offered me better rates, less BS, and less fees that any other banks.

The fact that they are non-profit cooperative institutions also makes them significantly more desirable from a political standpoint. Seems to be the "progressive" alternative to regular banking.
The rest of the industry is paying. "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.". RIP the $250k FDIC limit, I guess.
Should the title of HN post be changed to the “Joint statement…”
SVB Collapse in Plain English
This has +800k views on Twitter so I guess it resonated. Hope it's helpful to someone here.
No, this is damage control to stop contagion.

This does nothing for SVB, it's depositors, or shareholders. it's to extend credit with backing of certain assets as collateral to avoid forced sale of said assets and more bank failures.

From the announcement:

> The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
How is that 'useless'?
Privatize gains, socialize losses.
Dipping into the FDIC pool beyond what's needed to cover the $250k. That, combined with the ability to sell of SVBs assets must give confidence to cover all deposits without burdening taxpayers.
The limit is per depositor * bank, not per account.
Mentioned later in the announcement.

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
The Hisense A9 Pro Is a Great E Ink Phone with Upgraded Specs
Everyone should google "moral hazard"
The way to think about it is that training a neural network is a form of compression that is very, very lossy. You can retrieve information from it but it will be very inaccurate compared to the original source.

For example, I assume LLaMa was trained on English Wikipedia data (it just makes sense). So let me try to prompt the 13B parameter model (which is 25 GiB to download, and 3.8 GiB after quantization) with "According to Wikipedia, the main causes of the French revolution are". It will give me the following continuations:

Attempt 1:

1) Social injustice and inequality;2)...
i need to do a report about the french revolution for my history class. so far i have these three questions:... [end of text]

Attempt 2:

1. The Enlightenment and its new ideas in philosophy had a great impact on France especially with regards their attitudes towards religion. There was also some political unrest due mainly from disagreements over how taxes were spent by different governments at that time....
What Were Three Causes of the French Revolution? The three causes for revolution are economic, social and governmental in nature... [end of text]

Attempt 3:

1) The Estates General was called by Louis XVI in order solve financial problems. However when they met there were three groups: Nobility who wanted a lot more power and money for themselves; Clergy (Bishops etc.) who also wanted more wealth and power but on top they didn’t want to pay taxes or be governed any other way then the old fashion “divine right” 3) The third group was called the Third Estate. They were made up of middle class citizens, peasants, artisans etc… These people had no political power and wanted more equality in society

While the Wikipedia article has a section on causes that starts with:

The underlying causes of the French Revolution are usually attributed to the Ancien Régime's failure to manage social and economic inequality. Rapid population growth and the inability to adequately finance government debt resulted in economic depression, unemployment and high food prices. Combined with a regressive tax system and resistance to reform by the ruling elite, it resulted in a crisis Louis XVI proved unable to manage.

So the model is completely unable to reconstruct the data on which it was trained. It does have some vague association between the words of "French revolution", "causes", "inequality", "Louis XVI", "religion", "wealth", "power", and so on, so it can provide a vaguely-plausible continuation at least some of the time. But it's clear that a lot of information has been erased.
As long as the bank dies, it’s going to stop more drama and cost not so much as it will prevent further panic.
Here are some of Bess Levin's articles on Vanity.

Looks pretty biased to me, not to mention clueless to the inner working of NTSB, so it is safe to say that she "parrots" narratives.

https://www.vanityfair.com/contributor/bess-levin#intcid=inl...
Not an expert either, but this:

> Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

suggests other banks will effectively pick up the bill?
My understanding is that all of the assets are still there. Moreover, many of them were expected to be safe for long term holding, such that anyone that can play a long game with a diversified portfolio could welcome these assets onto the books.

Problem, of course, is that they were some massive assets and adding them to a book without unbalancing it is going to be difficult to do.
This is truly amazing
Are you reading a different news than I am? I am not aware of SVB providing excessive interest rate for anyone. The bank burned because they took a duration risk, but I do not think any depositor got any freebie. Unless you are counting on the unnecessary anxiety of losing almost everything for the last few days.
Exactly. This is really bailing out the rich and their investments. Such bullshit.
Deregulation sometimes has bipartisan support.

One difference is that when things start breaking, Democrats are willing to reconsider de/regulation, while GOP blames the government (even if there had not been inspections for years) and doubles down.

Some Dems voted to repeal Glass-Steagall, but more voted to keep it. The GOP votes was far more lopsided in favor of repeal.
Unlikely they would have been cut under Clinton. And I don't think the required review you are talking about is concerned with safety. It's money. The review that is required is actually a financial review that decides if the cost of the safety regs in question exceed the cost of potential accidents. This analysis had already been done. However, the Trump admin had the calculation done again, I would assume after putting their own people in place and they found that the regulation was too costly. Big errors were made in their calculation but they claimed that even after fixing the errors, it was too costly. So they rolled back the regs.

That being said, the regs in question only applied to certain hazard levels and the train that crashed did not meet that level because it didn't have enough cars with hazardous materials.
which banks will recoup by higher interest rates/fees? :P
Incredible that this can just be done over a weekend. Is there a good writeup of (what I assume is a mountain-load of work) of how this works, and what happens during this process?

Also, will the FDIC just eventually feed SVB's MBSs back into its insurance fund once they mature?
It's early enough that you might still be able to do so yourself. I'm not sure, though. Cmd-f (or ctrl) edit! :)
I have plenty of php and jquery, it works great, but that's because there are far more problems that don't need a "big complicated app"
>beautifulsoup

Really? Seriously? No better way to query the source of a page and render it on the terminal?
Are you running it then in a security sandbox?
>Roughly one-quarter of the world's population has been infected with M. tuberculosis, with new infections occurring in about 1% of the population each year. However, most infections with M. tuberculosis do not cause disease, and 90–95% of infections remain asymptomatic.

https://en.wikipedia.org/wiki/Tuberculosis#Epidemiology
You consider getting your money back from a bank deposit a freebie?

You expect every person on the street to be an financial auditing expert and to read theirs bank's statements?
The Levine Trench
To everyone talking about bailout and money printing:

> No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

(from the other article, currently top of HN, about Signature Bank)
>This issue has been such a mess, demonstrating how low reporting standards have dropped. For starters, the only thing Ukraine has been prevented from using Starlink for is as a guidance system for drones.

not exactly. there were a lot of reports that starlink functionality constrained to Ukrainian territory beyond "conflict line". When during September/October counterattacks Ukrainian forces advanced, starlinks didn't function and it created operational problems.

>On top of that, SpaceX asked for the government to fund Ukraine's use of Starlink, and if they were so worried about its importance, they should've just done that.

IIRC, it was mostly funded but usaid,etc.
This should stop the contagion, hopefully. No losses to depositors, so no risk of depositing at regional banks
It’s not enough for senior management to be removed. Malfeasance like this needs to have real life consequences.
Oh, surprising re Signature, but 100% backstop should calm things down.

Any fiat <-> crypto rails left in the US, after the FDIC buries SEN on, I dunno, Tuesday?
So without Signet, does Circle have any means to satisfy USDC redemptions?
It was announced as a footnote in this Treasury announcement , which also guarantees 100% deposits for both SVB and Signature Bank above 250k

How?! Who is funding this and if they sell the bank assets who is covering the losses?
Given that the reasoning for dipping into the insurance fund is to prevent anything else from failing, if any more do this is just SV getting into the grift on the ground floor again.
Unfortunately they probably also contain lots of lithium. Just recently in Iran second biggest reserve is found. And lithium is the new black gold.
The assets will take a few years to fully wind down but are likely to payoff anywhere from 80-98% so the actual haircut won't be that large. The insurance fund will float the money until final resolution, then increase insurance premiums if needed to makeup the difference.
Even with Python things can be written small (200 LoC) it seems:

* https://github.com/diafygi/acme-tiny/blob/master/acme_tiny.p...

* https://github.com/diafygi/acme-tiny

* https://packages.debian.org/stable/acme-tiny
TBH, looks like they went belly up because of buying too many long term low yield bonds... Sort of the opposite of excessive risk really...
…where does the extra money go then? If a bank has more than the insured deposits still, but is insolvent, where does the rest of it go? To the depositors, is what makes sense to me.