skysight-inc/HackerNews huggingface dataset:
Best I can think of is that people are selling anything financial heavily used by Silicon Valley tech companies, after the SVB shareholders were pretty much confirmed to be getting nothing. Schwab is probably the most popular broker for tech RSUs, and so a ton of tech workers have Schwab accounts.

Maybe people think that there is a chance tech employees will be withdrawing en masse? That still doesn’t make sense to me, since it’s primarily a brokerage in that industry and the broker relationship is totally different from a bank. They actually have your shares and they can wait a few days for the sale to clear before giving you cash. Maybe lots of people also bank with them out of convenience? Again, doesn’t make sense to me, they are large enough to require stress tests that SVB didn’t take. No rational case makes sense to me yet, so I am betting it’s the simple association as a financial service the tech industry uses.
I foresee a lot more pain in the economy before it gets better, and tech jobs became the cushiest of the cushiest jobs the world has ever seen. Mentally prepare yourself - reality hurts.
And the US government should do whatever they have to do to make that risk zero. I have enough problems to worry about without having to assume that even my bank balance can disappear at any moment. I certainly can't read through thousands of pages of SEC filings from whichever bank I use to assess risk, and even if I had done that I wouldn't have seen government bonds and thought it was a red flag.

If that means we get less interest on savings accounts then so be it.
You still need to signal the absence of a value. This is not necessarily the same thing as a monadic Return<R, E> type as in Rust, which I quite like and would prefer over exceptions. I think the Kotlin solution is very elegant, considering the restrictions of the host platform of using exceptions as error signaling mechanism.
Yeah but 60k is not 100k.
You could argue that acting is a child doing something they want to do as artistic expression. Like, could you ban a kid from playing a concert if they are good at violin or piano; or could you ban them from selling their artwork or their singing?
Username checks out. You're in decent company, I believe Randolph Fiennes also self amputated his fingertip after it got frostbite on one of his expeditions.
Yes, your stocks/shares should be fine (I’m unwilling to guarantee anything for anyone), unless they were a total fraud like Bernie Madoff that didn’t actually invest your money as they said.

The cash in your brokerage account would be covered by sipc, not fdic.

Sipc does have its limits for what it guarantees, I guess anything over that would be based on recoveries in the event of a default:

https://www.firstrepublic.com/insights-education/sipc-vs-fdi...
Not just FDIC though, in 2008 and again today the Fed is making clear that their backstop is bigger than just FDIC. it can’t be any bigger than the debt limit so I find it sobering to have this discussion while we’re heading towards that cliff.
Schwab is next?
You’re missing a big part of this, banks with good risk management hedged these positions. SVB did not, they also did not have a chief risk officer.
Hi, this is really interesting!
I'm working on my first commercial release and I can relate to these dev struggles. We're a small team of 3 people, a game designer/artist, a programmer and a sound designer. the game we are making is 2d crafting game about a squirrel helping a baby alien survive on earth.
You can check the steam page here :
https://store.steampowered.com/app/1897470/Bill/
Cheers
Maybe we need to understand how management came to the investment decisions they did? Surely those kinds of decisions are well documented. I'm concerned the banks clientelle was too intertwined with the banks decision making.
Ultimately it's the capital that the banks have that limit how much they can lend, not reserves. Their capital requirements are the limit. Once capital falls below a certain percentage, the bank is in trouble.
> This sounds pretty dumb in retrospective, but back then I just didn't saw it.

I've said approximately this sentence so, so many times in the past year.
> Oh don't get me wrong, I do blame the bank even more. But to pretend like VCs didn't have huge interest in this blowing up in the worsts possible way, is just shutting your eyes.

What are you talking about? What possible interest would they have in killing the by far best capital partner they've ever had (and maybe will ever have had)?

The death of SVB makes things significantly harder for VC and startups in the future.
> The management of SVB messed up massively, and some VCs noticed. They would have been every bit as insolvent if the VCs in question had kept their mouths shut

I keep saying this, but "The management of SVB" was a core part of the VC ecosystem. These weren't remotely separate entities. This bank was being run like a cartel, not a competetive service provider in an efficient market. And the VC's were, 100%, in on it. Exactly how, I suspect, is going to be revealed in the coming months.
I would also welcome legislation since their robots operate on public pavements which were originally designed for human beings to safely walk on without having to navigate around motorized vehicles.

I would start with banning these things from all public pavements.
> You need them in both environments if you're serious about security. Unless you somehow believe that being in the "cloud" grants you some kind of security by default?

I don't disagree that you need a security focused person in cloud. However, the scope of security is drastically different in cloud vs data center (and varies depending on what your data center setup is).

> What does this even mean?

What happens if your server is overheating? As I said, this is usually provided by data center itself, however you have to still have to vet the vendor. AWS/GCP/Azure all have reputations about environmental factors that are rarely questioned.

> You mean Dell? Or HP?

Yes, AND Nagios, Solarwinds, Cisco, IBM, VMWare, etc. etc. and every one of their subsidiaries that have esoteric needs.

> You just need a linux admin on a contract.

Ummm...no. Just no. Have you ever had to create multiple subnets, DMZs, SD-WAN setups, plus VPN access, etc. etc. with multiple locations, all with security in mind, and full redundancy across three data centers? "just a linux admin" isn't the job description for that.
Are you asking us or telling us? Schwab is the eighth largest bank in the US.
This isn’t niche at all, this has been a problem on many of the sites I’ve worked on. And the comment above is right, this is a rendering engine issue, there’s not really much you can do as an end-user.
I mentioned this in another thread. Services like Stripe-Atlas that helped founders setup businesses offered SVB as the banking partner since 2017, I think (now they have other options--Mercury and Novo). For a founder trying to bootstrap, a single-window that took care of all the nitty gritty of starting a business is a big time-saver. So, many founders might have opted for the convenience.

The banking services and treasury operations should have been the responsibility of the CFO of these startups (if that role existed). All startup CFOs would now be reviewing their treasury management function seriously post-SVB-blowout.

source: I considered Stripe-Atlas a few years ago and decided not to go with it for my company.
For six years I took a swing out of government and ran a nonprofit. It was a 501(c)4 which meant that it was not tax deductible because the nonprofit lobbied lawmakers.

In that time, I worked with a broad spectrum of science and healthcare, based on profits, and sadly my own opinion is that the vast majority of them DO NOT drive social change.

They burn money mostly preaching to the choir.

If you really want to know, if a nonprofit actually drives social change, look at what they promised at the first of the year, and look at what they are able to accomplish on their own by the end of the year. In the advocacy side of things, most nonprofits claim victory for other people's work.

When you really hold their feet to the fire, and say, what did you, specifically, accomplish on your own, it has for me during those six years been nearly universally nothing.
Exactly. 'Centralize everything to GitHub' is a big red flag which should be avoided as shown and explained here: [0]

[0] https://news.ycombinator.com/item?id=22867803
The reason why their safe investments were losing value is that the Fed had raised rates. Their assets weren't bad, they had lost value because the Fed has raised rates. The market is expecting rates to drop hence the inverted yield curve.
128 billion in the FDIC reserves as of December 2022. Better than letting more dominoes fall if you're trying to preserve that insurance pool.
It'd be fun to ask Daniel Lemire's undergrads if they learned about vector/simd instructions.

It's hard for me to answer, because I was learning everything I could on the internet before undergrad, following each tiny micro-architectural tweak in minute detail. It makes it hard to remember what things college really provided & what was self-taught.
That's what killed Reader sharing & comments, yes.

They should have done the opposite, growing Google+ out of Reader: keep the Reader sharing, but also automatically share to Google+.
I thought so too, but when I load that site there's a video playing right in the middle of it.

Maybe mobile browsers consider any scrolling as an interaction or something?
Anytime someone blathers "money doesn't equal happiness" advice, I ask them to offload at least some of their monthly paycheck into my wallet since it obviously isn't important to them. Nobody has ever taken me up on the offer.
The real problem is that everyone, including economists themselves, pretends that economics is a real science with repeatable theoretical models, when in reality it’s still a social study that relies on several other budding areas of research and study; at least for now.

Another issue is that economist forecasts tend to be heavily influenced by politics.
This has been prototyped several times over the decades. Migration is one significant limitation as you note, but the other is that the metaprogramming required to code gen a highly optimized database for a specific data model and workload is insanely complex, and someone has to write and maintain that with the very low defect rate people expect of databases.

The performance is excellent but modern databases tend to be bandwidth-bound for many workloads anyway, so the benefit will be significantly limited.
Oh I couldn't live without that.
Are rare hikes stopped?
Ars is playing a video automatically when I open the page.
Yup, it was called arexx but was really nice.
It hasn't been updated in 7 years. I'm willing to believe it's an abandoned project that didn't see the desired traction to justify gold plating it.
Very nice. But I'm not sure my car has Android Auto, it is a bit old... I managed to integrate mine with Google Assistant on my phone so I say "Hey Google, turn on the front gate" (it thinks "front gate" is a switch).
That, on top of branding it with the same name as the hated login system that[1] hamfistedly joined peoples accounts across vwry different contexts.

[1]: or so I heard, I wasn't affected, I postponed that part again and again until that part ended up being very smooth for me
The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.
at my school (ordinary well-known state university), barely any CS students would graduate knowing how to approach this
High Growth Financial Stocks to Buy
Check #10 LOL. Somebody knew and was going for the final pump.
I'm shocked daily by HN comment depth, what a breadth of experience people have. Thanks for the insight.
Happy to hear Darwen dislikes 3-value logic. A language where x=x can return something equivalent to false in a common use-case is wrong.
Just to clarify, the bank in question did fail. Their bad decisions wiped out all shareholder value. Probably everyone working at that bank will lose their jobs, including the executives.

All the bank’s customers did make a mistake to trust the bank too much. They should have had hedges and insurance to better manage their treasury. But should it have put every startup out of business over that mistake? Probably not.

But you, me and most other people are detecting a moral hazard here. Some investments of very rich people were protected through collective action of all other depositors. Where is the “skin in the game”?

I think it’s time that we as a society address just how much power the rich have to bend all the rules to make themselves richer. The best possible way to compensate society for this power the rich have, and will likely always have is very steeply progressive tax rates. You may not be able to stop them from raiding everyone’s piggy banks, but you can claw back 90%.
1. They are not composable (can't map or flatmap or fold/reduce them).

Kotlin helpfully added mapNotNull() and similar methods.

2. you can't return an error value, only the fact that there is no value

Yes I much prefer Rust-like return values, the non-local control flow of exceptions leads to convoluted code and improper error handling.
the new Greek regulation has those exemptions on fibre too, handoff is past a SFP. They gave their arguments on why they'd prefer it to be at the passive equipment at https://fsfe.org/news/2022/news-20220628-01
This but unironically. In Germany the government guarantees every deposit in a regulated bank. The US should do the same, even if that means substantially tightening the regulations on banks.
Fast. $0. Straight-forward UI. As mass-market as any RSS Reader got.

Arguably it was The RSS Reader.

Killing Google Reader effectively killed RSS, shifting the gravity of the big tech companies from a fundamentally open & interoperable consumer web to a fundamentally closed silo.
> Charles Schwab does not have too much of a deposit exposure

They literally own a bank. Are you sure about this perspective?
Too strict of labor laws that stifle innovation
Shareholders
There has been a UK Code of Practice since 2019, PAS 1881:2020 and PAS 1883:2020. Companies like Oxbotica are already assessed under these standards. See https://www.oxbotica.com/insight/oxbotica-achieves-safety-la...
>Russia is not some innocent victim being attacked from all sides like they want to paint themselves out to be.

Never said they were ... but that was literally the point of NATO, right? My main point is that this is nuanced. It is not just a one-sided story of maniacal Put-ler ravaging Europe in a bloodthirsty quest of destruction. Again, the US is (generally) considered the "good guys" and look at the shit we are capable of to maintain our influence in the Western hemisphere. And it isn't like Russia is a crippled country on its last gasps of air, it has more nukes than anyone on Earth and that alone means that this shit in Ukraine will only ever be the US feeding Ukrainian soldiers into the meat-grinder and trying to turn Oligarchs salty to prove a point. There will never be a "real win", which would entail an invasion of Russia or giving Ukraine serious weapons to attack Russia with. The very best, pie-in-the-sky that Ukraine can hope for is for Russia to leave a shit-ton of dead Ukrainians when they decide to leave the country. It is a very fucked situation.
I used to be an indie game developer from 2010 to 2014. I created games using the XNA framework for Xbox360. It was a fun time, most of my games made very little money but a few them were popular.

When I switched from game development to app development I got the feeling that game development required 3x the effort to make a $1 when compared to business app development.

I guess it's like the difference between being an artist and a graphic designer
Depends on the fine print. Usually, you allow brokers to lend your securities to others. If your broker goes belly up, your shares might have been lent and resold to others. You're now a creditor, and you'll share in the losses of the firm.
There appears to be a disconnect between "productivity" and "value" in the startup world, or maybe put another way, a lot of hard engineering work tackling "easy" problems. It seems like everyone assumes that "scale" is the right approach, but there are probably a limited number of app-shaped problems that really scale.

It seems that one of the core issues here is that SVB was in charge of getting "yield" from their deposits on top of the value that startups themselves were trying to generate. From a finance POV it make sense that you'd want to be earning interest, and trying to keep pace with inflation, but in an economic sense it also seems like double counting to expect VC capital to generate risk-free return while waiting around for the startup's businesses to pay off.

I understand that every business looks like this to some extent, but in the VC funded startup world it is a unique amount of cash invested in a lot of businesses that need stability more than they need bank-balance interest. The risk profile of SVB turned out to be highly correlated to the risk profiles of the companies they banked.
I could see my happiness topping out at roughly 1 million a year. Unfortunately I am roughly 1/16th of that per year right now. So it is likely I will never know.
The "speculation" was that rates would stay low forever.
I have been working on a programming game https://yare.io but kinda burnt out on it. The last 5% of polish/onboarding/marketing is so hard to get through. Would happily join the group to hopefully rise my spirit a bit!
sort of

"Integrating with Google+ also helps us streamline Reader overall. So starting today we'll be turning off friending, following, shared items and comments in favor of similar Google+ functionality."

i.e. reader could be used to add content to google+ but not to use google+

I could share a link on google+ but couldn't see any of the interactions unless I went to google+. If google+ was meant to be a platform, I should have been able to see the comments or other peoples shared items from within the google reader app. It should just have been one way to interact with google+ amongst many.
It's the only use I've personally seen. It's become more popular in the privacy/security scene.
I think you can have some triggers, like X views or Y followers and at least Z videos or something like that and also that they have monetization turned on. Make it high enough that it excludes 99.9% or more of people posting family videos.
The old saying goes: the federal reserve raises rates until something breaks

People seem to think the backstop is some sort of moral hazard. But they’re ignoring the decision making principals, equity holders, and unsecured bond holders are all being left holding the bag on the bailouts and they’re not faced with a moral hazard. The only ones being protected are the customers of the bank, who had absolutely no say in the management of the bank. So, yeah. Not impressed with the moral hazard and “let them fail” argument.
You can do automated failover to Raspberry Pi, it'll hold while the main server is cared for. If you go cloud, you deserve what you get. And what you get is what you get, because it's not your computer, and it's not your data.
I'd say the file formats are often a red herring.

It's easy to conclude that "maven sux" because you can conclude "you can't get from here to there" after a long time looking at inscrutable docs.

The thing about Maven is that is is for Java devs and if something is not possible (or easy) to configure in XML you just write a Java class to do what has to be done, pack it up as a maven plugin, then put in a few lines of XML to invoke the class. It's easy peasy but people are still stuck in the "make" mindset whereas maven is like "make" would be if you could program it in C.
> economists are the dumbest creatures on earth, inflation is happening because the entire economy became less efficient for various reasons related to the pandemic and foreign policy, plus the money the Fed itself printed. Hence fewer goods being produced with more money available and increased prices as a result. These people think they can print money and adjust interest rates and make the economy magically do what they want when in reality the economy is driven by technological advancements that improve productivity, not financial trickery

Who do you think figured all this out? Surely not economists, the dumbest creatures on earth.
My problem has been hiring a person that has experience with colocation and knowing all the ins/outs of hardware maintenance and keeping DC operations alive.

It's a skill set that disappeared with AWS "engineering" became a thing unfortunately.
The Depth of the AI Plagiarism Problem
MSI Mosern are really good bang for the buck. I did some research about some budget laptops for a friend under 500$ and MSI won, not only by the specs but also from an extensibility standpoint (non-soldered RAM slots).
Alpaca: A strong open-source instruction-following model
The rest of the owners bought him out and pushed him out of the company. Or something like that.
Bricklink list 76527 unique Lego parts, including Duplo. So much for the "fewer SKUs". There's also 15155 mini figures.
They’re guaranteeing all deposits.
How does making depositors whole encourage banks to take more risks? The investors in SVB are still getting nothing.
then the term should be "underfunded".
I worked with Mike in 1977 when he was he was assigned to mentor me as a gap-year student working at Hursley. He was a rock climber and I recall many discussions about the physics of ropes and what happened when/if you fell and the rope broke your fall. There are all sorts of interesting effects that happen when the rope "goes tight" and the waves that run up and down the rope as it stretches (both elastically and inelastically).

We worked in Product Assurance (IBM's terminology for QA). We built hardware to test the system that was under test. We often worked the night shift as the developers got the working system during the day!

I don't recall Rexx from those days, so I think it came after 1977.
Thank you for your comment even though you disagree with my tone. It is admittedly a little jagged, but I really hope people think about the extraordinary (in the literal sense of that word) measures that have been taken here.
> their actions weren't to recapitalize the bank

As I understand it, VCs manage pools of money that are structured as limited partnerships. Each pool has an investment objective, and presumably “recapitalize a failing bank” is not one of them. Any VC who did this would probably have been sued by their investors.
> There are two different problems with repairability - one is making it easy for a dilebtante to replace parts.
I would probably argue that this is framework's primary angle on it, which is why the cost in internal volume is so high.
No the fact is that biological parents abusing their children is exceedingly rare, its usually mom's new boyfriend or such.

This is one reason why religions codify life-long partnerships between biological parents - because everything else is child abuse.
In that case it would 100% make it less stable. I respect the vanilla Vim folks but I could never do that.

Just curious, do you also keep bash/zsh vanilla as possible? I hate sshing into servers without my rc, which is a downside. But I also don't do much sysadmin stuff so it's not a very common issue.
Good effort, yes useful for night time - Something is jarring me against the original though, I'm not sure what but the sizing and spacing seem off somehow? out of interest does the css only change the colours? Although maybe it's just the colour changes.