skysight-inc/HackerNews huggingface dataset:
When a bank fails, it's the depositors who get screwed, not the CEO. Why would you cheer for that? I understand why you're out for blood, but you're not getting the blood you want.
I am able to get 65B on a MacBook Pro 14.2 with 64gb of ram.
https://gist.github.com/zitterbewegung/4787e42617aa0be6019c3...
One option, is to simply take the risk. You're going to get back 250K immediately, and not having the rest means either some scrambling and negotiating with your investors and creditors, or maybe worst case going out of business. There are other events that could lead to this too, and hedging against them all is impossible. So one could just accept that shit happens.

Getting a credit facility at another bank, during good times, is the other obviously one that I didn't see mentioned. Most of the money is still there in this case, it's a question of short term cash requirements.
I would predict that our government no longer has the stomach to nationalize anything.
It's an "antipattern" (and usually a strong sign that something is badly wrong) but it's not illegal... "sinful" is a useful hint that something is "norm" related.
also, a lot of them pooh-poohing the need for regulations because it interferes with their risky startup work.

It turns out, you can experience the downside of risk.
It’s more subtle, because these startups exist due to VC investment. Those VCs probably recommended and even set up their portfolio startups with SVB accounts. And a high percentage of these companies were heading to failure due to the nature of these ventures. I’m not so sure taxpayers should be responsible here.

Why don’t VCs double down and make their investees whole? They’re the ones who bankroll and believe in these ideas, and stand to make 1000x profits in their successful exits.
"Limited partner", someone who invests in a partnership without having day-to-day management control (IIRC). In the case of VCs, many of the limited partners are pension funds or other giant players who want to invest a small fraction of their assets in higher-risk, higher return securities. (The LPs probably have other assets invested in lower-risk, lower-return assets.)
He had been all over Twitter begging for a bailout of SVB.
Really? https://www.svbsecurities.com/team/joseph-gentile/ Joseph Gentile would like a word with you.
I'm sure this guy had absolutely no experience with having MBS blow up in his face as interest rates rise.

It's sad you're actually satisfied with a fictitious corporate entity "dying" when these people have perfected the art of making hostage situations with other people's money. It's all continuing because they get to successfully trade the hostages for a bailout each time. This guy is a professional Madoff, the only difference between them is that this guy is abusing bank's priviledge to get the government to backstop his ponzies.
An actual "wire" transfer yes, but op may have meant ACH.
I don't know but... some companies used to pay me biweekly, every odd monday, then there is company used to paid me once end of month and another paid once per month but in middle of month, with limited accounting resources they pay bills twice, first of month for outside and middle of month for salaries and stuff
I want to know what his compute setup looks like.
that seems dependent on the gui and terminal in question. on windows, a graphical emacs window has less perceptible latency then a terminal window
Budgeting, not saving. It is entirely possible that the median salary in the United States is not enough to save on.

But when you have nearly double that salary, what's the excuse for failing to save?
I’m not sure that’s really accurate. I found the API rather unpythonic, with lots of use of magic variables and things.

The only criticisms above that really apply to Python are the async nature, and that’s only because getting async right in Python frameworks and libraries is hard, it is possible though, Django being a great example.
I’m a first republic member. Just sent a wire to my other account at another institution. Nothing seemed out of the ordinary. I did it on the phone app as usual. It said the funds would be in the other account 3/13.
What... what were you trying to say, exactly?
> Let's say a small farm or winery employees 20 employees and pays them an average of $50k a year

"Show your working" ... https://www.bls.gov/oes/current/oes452099.htm

> Holding three months of payroll [..]

Three months of payroll ... in cash?

I have two good friends who own and run wineries in France. Both of them are relatively successful, but neither of them have anywhere near 20 employees, for the simple reason that they can't afford to. The majority of the work is done by family members.
>You need to recognize that supporting Musk in 2023 is supporting the Kremlin. Is that really what you want to support?

I support pragmatism, so if Elon does good things I can support him on those things and if he does bad things I can be critical there as well. I am also not morally bound by political partisanship.

Also, FWIW, your comment is literally ridiculous considering that this whole thread is about SpaceX providing communication capabilities to Ukraine for free for the last year. That is obviously support that was contrary to Russia and without a doubt has been an instrumental component in helping Ukraine endure the Russian invasion.
Being in an active leadership position makes his decision to spend time on live-streaming panicky half-baked takes … worse?
RAW files so are as close to what the sensor saw as you might actually get. As opposed to the camera-created JPGs, which can look great but have much less data to work with. Or the JPGs created in-camera using in-camera processing (saturation, contrast, sharpness.

I shoot both, RAW and JPG fine. The latter for quick sharing, with in-camera processing except for action shoots at 9 fps. JPG fine never runs into buffer limits, RAW or JPGs using processing does so. And for birds in flight or sports or similar I don't care that mich about RAW anyway.
The fdic and fed probably will do exactly what Gary Tan and many others recommended - no bailout of the company or shareholders but organise a facility so that the depositors get 100%.

They’re trying to sell it first but if that doesn’t work they don’t really have other options if they don’t want to be dealing with massive job losses and multiple bank runs next week.
>really tells you all you need to know about fucking VCs.

That they want government intervention when it benefits them? I think that describes most people, not just VCs.
> upper management

I other words, elite. Nothing to do with the middle.
Bill Ackman: Feds have 48 hrs to fix 'soon-to-be-irreversible mistake'
Quite interesting, here in the U.K. it’s generally monthly payroll, usually towards the end of the month, something like closest working day after the 25th is common
Are you suffering from Post-Avatar depression syndrome? That would explain a lot!
This is low quality commenting

What's the point of involving Saudis in the discussion?
Are you a renewable energy researcher, investor or at least hobbyist?
Don't you think it's important that countries around the world, despite major differences of human development, keep trying to build relationship?
It's important to point out unacceptable behavior from any country, this article is very great in this respect
But such bland generalizations (your comment, not the article) are good for family dinner not for sharing on the web
Only on Windows. On Linux it's the original `ls`. Same for `cat` and many other commands. That's why using `gci` / `gc` is safer if you want your script to work everywhere.

https://learn.microsoft.com/en-us/powershell/scripting/whats...
That's only the case for monospaced fonts.
I’m under the impression that “middle class” vs “working class” and “upper class” was conventionally more about labor relations.

If you derive your income from ownership, you are upper class. If you derive it from the value of your work work, you are working class. In between we have a class of people with high-value professions and/or assets such that they are basically able to make their own employment decisions without any real discomfort. Merchants I think were the go-to historical example, I’d put highly paid contractors in that class nowadays. This class is literally the class in between the of the other two, aka the middle class.

If you own a company that employs people, you are upper class.

If the boss (maybe the person contracting you) asks you to do something unethical or dangerous and you tell them to get bent with 0 worry as to your next paycheck, you are middle class.

If the former scenario happens and you consider doing the bad thing because you’d rather not be homeless, you are working class and should probably think about forming a union or something.

Depending on your expenses, you could be middle class at 90k and working class at 600k, but if I was working class at 600k… I’d look into getting my expenses under control…

Often in the US we say “middle class” when we actually mean “median income.” It isn’t great.
That misses the point that litterally everyone knows that anything above 250k is uninsured.

Everyone learned this during the collapse of banks in the mid 2000s. Everyone knows that holding accounts at multiple banks is a way around it.

This isn't something that's specific to businesses either - it applies to individual accounts the same. They took a risk by holding more than 250k in a single account and a risk isn't a risk if there's no chance of failure.

I can't stress this enough, but markets do better when agents have skin in the game. Commercial survival of the fittest requires failure.
Even if you disagree, attack the content, not the source.
> Q from outside the US: why is capital needed for payroll mid month?

The US largely does payroll biweekly (every two weeks). Sometimes weekly, although usually not in tech. It isn't like Germany or whatever where payroll is only once a month.
It seems weird to hear about this generosity from Altman’s family, as opposed to - from one of those companies who was helped.

Humble brag?
Someone always gets fucked.

It is either startup or the taxpayer, restaurant owner or the taxpayer, student debt holder or the taxpayer.

The taxpayer minding their own business gets tired of always being on the short end.
All of that has some value, but this value will be taken away from the shareholders, sold to someone, and the proceeds used to pay back part of the liabilities. The shares are still worth zero because they have no claim on that value.
How to smooth a hand-drawn line?
Most people lack the ability to help themselves when they need government intervention.
> Many private banks with unlimited deposit insurance would simply play more fast and loose with your money because there's basically no risk. Why wouldn't you choose the bank that offers more % return on your money? You're totally insured.

You overstate the case for moral hazard here. Most of the risk to the bank remains, even if the FDIC covers larger deposits than the normal limit of $250,000. 100% of a bank's capital remains at risk - that is the bank can lose everything it owns and its backers have invested in it, even if its depositors are protected.

And, if what I have been able to read about it is correct, SVB wasn't really playing fast and loose with depositors' money. Any bank can be destroyed by a drastic enough bank run, because a banks assets - it's loans to customers and investments it makes with deposits, are never completely liquid. SVB's situation was worse than that, since its non-loan investments (in the form of purchased bonds) were under water, but by all account, it wasn't by a lot.
Wouldn't this be other way around. First pay yourself and then spend that money on company bills? Which sounds very iffy to me as European.
I'd actually like the ability to do either raw bytes (traditional) or structured bytes (the NuShell/PowerShell idea) in an "opt-in" scenario. This would also allow a smoother transition/lack of needing to fully commit right off the bat. I've considered writing wrappers for standard utilities in Bash/Zsh that accept and output structured data in JSON (or maybe a denser serialization format that can easily convert to JSON?) instead of a raw byte stream that you could then just use regular old pipes with (a lot of `jq` would likely get called in between...) The "structured" versions of the utilities would have some namespacing convention such as a "struct_" prefix (or perhaps optionally, or aliased, for brevity, "s_") or (another naming idea I just had... oooh, I like this one) they would be boxed in brackets, so "[ls]" or "]ls[" would call "structured ls" (note that brackets without spaces around them are valid name characters)

To handle the transition to/from structured data, an idea I had was to omit one of the brackets in these names, so for example "ls[" would emit structured data but accept (well, assuming "ls" was a command that took stdin) an unstructured bytestream, and something like "]cat" would take in structured data on stdin but emit raw data... "cat[" would take raw data and... interpret it as JSON? or something? and output that as structured data? I don't know, it has to be fleshed out, but this could work maybe!

To get the JSON data back to a visual format like a table, we'd probably have to explicitly do what NuShell implicitly calls when you don't provide it (I forgot the name of it).

anyway, I haven't even begun a POC of this idea, but it was one I had. Anyone else like this idea?
You mean:

- the richest man on earth decided to be publicly magnanimous by providing a free service to Ukraine

- more than half of the service is being paid through various funds anyway

- same richest man on earth spends 44 billion to stroke his ego

- complains that he no longer has the money to sustain operations because the cost (accroding to him) exceeds 100 million dollars (0.2% of what he spent on his ego)

- the moment he hears that Pentagon will pay, but needs to organize the payment and figure out where it will come from... withdraws his complaints and strokes his ego again by saying he will keep providing service for free
Your predictions make sense but your timelines are off. China's population isn't going to halve by 2035. The graph you saw was either about birth rates, or did not have a Y-axis starting at 0.
I wrote an app 15 years ago that would detect where you’ve been travelling, and get the best photos from Flickr based on the must see location you passed. No longer need to take photos of the Eiffel Tower.
I’ve been hiring developers for decades at a Fortune 100 company and have never engaged in such nonsense. Unless you are hiring people to program chess sets, the question in the article is foolish. If you want to test their problem solving or coding skills, give them a problem from the actual work they will be doing at your company.
> It's hard to dredge up deep, deep wells of sympathy

This, by the way, is why ordinary Americans are suffering while the billionaires are winning and laughing at us. They have us fighting with each other for scraps. $120k/yr after taxes doesn't go very far at all for a family of four. Kids eat a lot of food! Sure, it goes roughly twice as far as $60k/yr does, and, saved wisely and not spent on yachts, cocaine, and girls, provides a bit more of a financial cushion in case of a calamity like the one we're in, but SVB's CEO made $4.8 million last year, which, budgeted by a regular American, is enough for several lifetimes. A software dev making $120k/yr, he is not.

Have however much sympathy you can muster for software developers who, yes, have more than you do, but don't lose sight of the bigger picture.
You’re making this sound like some Ocean’s 11-level heist, and then discounting the premise you’ve created as being absurd.

It doesn’t have to be that complicated. Perhaps he saw that the bank was in trouble and made a decision to sell shares when the company was at a 52 week low. His calculus could just be: “with the information I possess, this price could go a lot lower.” He may not have foreseen an insolvency event, or perhaps he knew it was a risk and he sought to hedge it. Or maybe he just sold it randomly at a low price … because.
I mean, if people run, the bank or credit union will fail. But people are fundamentally lazy and there's not much of a difference between getting your money on thursday and the next monday, so there's less urgency. People are also fundamentally panicy too, so I agree there's still a risk.

Stock market 'circuit breakers' that halt trading when the stock moves too fast seem to be pretty helpful. Maybe banks need something that halts withdrawals when they reach 10% of last reported deposits. (Spit ball: each depositor may withdrawal at least 10% of their current balance or last two statement balances, whichever is more, any excess is allocated on a dollar basis across the day's withdrawal requests. Some mechanism to pre-request funds so you can be sure you can wire large payments for houses, etc)
Is there the opposite list? VCs like Ackman, Sacks, Calcanis, Cuban all firmly belong on it. Nothing from them but blame directed at others (biden, yellen, zelinsky, the fed, fdic, regulations – everyone but themselves), dangerous misinformation (including fake photos and videos of bank runs), and demands for an immediate government bailout. I wish someone would compile a video of how quickly these "rugged libertarians" have done a 180 on their views on regulation and "socialism" now that their own money is on the line.
a) most employees are paid every 2 weeks and b) there are laws that say an employer is committing a crime if wages are not paid on time. So any properly run business takes great care to ensure that adequate cash is on hand to cover wage commitments (not just the money due to employees but also taxes due to state and federal governments). When thar cash goes up in SVB smoke, that's a big and immediate problem. You could in theory be sued or even go to jail.
It doesn't disprove it at all, because I'm certainly not arguing that not having a moat is a strength. It almost sounds like you are arguing that having a moat makes a company indestructible.
At least for me, apart from all the other obvious reasons to use a TUI, a big part of it is the fact that it's so much easier to get a coherent and consistent user interface with TUIs compared to GUIs. Every GUI uses a different UI system and as such will look incoherent with other apps. Just take GTK vs Qt.The UI of my daily machine looks extremely coherent and most of that is contributed to most of my programs being CLI or TUI.
“If you receive a late paycheck, California Labor Code 210 requires employers to pay a penalty of $100 for an initial violation.”

Severely is overselling it.
That is far more common in the US (basically paying expenses on your personal cards, expensing to the company after the fact). You can also advance on some expenses sometimes (this can be abused so there are some accounting restrictions on how you'd do it, etc.).

What is weird/scary (especially when not documented clearly and in advance) is moving your entire bank balance into a personal account. Aside from government/tax/legal, you'd have your investors (in a venture/angel backed company) to justify it to. It's justifiable in this truly exceptional case of SVB imploding and no other bank account being available. (It gets harder to justify in a larger company with lots of investors and more money involved; moving a $100mm balance in a company where you were down to 10% ownership to a personal account even in this situation would be weird AF and depending on the banks involved might cause you problems. I probably still would have emailed counsel and investors/etc. on thursday morning to ask what to do; likely would have sent it to lawyers to handle actually in the huge-account situation.)
Ok I misread your conment. I was responding to those who seem to think that any job should be able to support a family, or should not be permitted to exist. Not supporting exploitation of children, dont know where that came from.
You're not seeing it because banks are generally closed over the weekend. This is like sitting in the eye of the hurricane and saying that everything is fine because it's not windy yet.
Show HN: Git-emoji: GPT-3 generated emojis for your commits
You realize that the "sophisticated actors" here are by and large employers, right? Depending on how much and how fast they get their money back, it isn't just those folks who are going to pay the price. It's the people employed by them who will suffer first, and their spouses and kids (assuming they have them).

This "they should have known better" narrative is garbage. Companies have no choice but to park money in amounts greater than $250K. Some of the companies with SVB (as I understand it) were required to bank with them. There's also the fact that SVB might well have been fine if not for the Thiel-induced run on the bank.

But even if I bought into the idea that primary depositors were at fault, I'm not keen to see all the collateral damage that's going to come out of this and hit workers and their families.
So, we agree that library is a subset of 'place that collects and stores books'.
Good insights. Would the solution therefore be to synchronize on all the FileChannel methods (not just those you think you need to synchronize on) or is there another way to get around the too many open files error?
Since I was wondering about NCUA and credit union failures (as no doubt many others coming to this thread are), looks like GAO published on the topic: https://www.gao.gov/products/gao-21-434 145 failures from 2010-2020.
For reference, I enjoyed playing sumplete. Master level passed the time nicely (not the full 20 hours, but I did come back to it!).

Mechanics work well for an AI generated game. No idea if it's novel or not, but it's a good take.
I wish I could upvote this twice - the folks I know who have cultivated the skill of liking stuff have been some of the most productively creative people I’ve ever known. Learning how to like stuff is a superpower for people who want to make things worth making.
> From being able to support a family with only the husband salary ...

So the mistake was letting women out of the kitchen.
There's nothing wrong with that, because that was already legal without these new child labour law changes. Please read the article and pay attention to what industries are trying to hire children by pushing for these changes.
Making over 600k is great but you are probably not wealthy.

First, once you make over like 150k, your federal tax bracket goes into 30%+ and closer to 40%. And you probably live in NY or CA so it's more like 50% with state and local. So it may look like someone makes 200k more than you do (or whatever) but half of that difference right away goes to taxes.

Second, making that much money generally allows you to live in a nicer area but not not have an extravagant life in that area. Case in point, a small 4 bedroom house in the suburbs of NY is like 1.5 mil nowadays. The same house in a suburb of Cleveland might be like 250k. 6x difference in housing cost. So it doesn't make sense to compare the 600k to the 140k and say "wow that's so much above the average middle class" because they don't face the same costs.

And by the way you end up paying like 35k in taxes on that house in NY.

Don't get me wrong, 600k is a great income for a household and especially an individual. Just that most people who make that still live what looks like a middle class life just slightly nicer, in a better area and hopefully with some savings.
Head over to /r/covidlonghaulers and read it yourself.
Asking about setting a Queen on a chess board. Unless I’m being hired at a company that programs chess sets, it is a nonsense question. If you want to test someone’s problem solving skills, test them with a problem that actually reflects the real work they will be doing at your company.