skysight-inc/HackerNews huggingface dataset:
I’d have primary bank and secondary bank. SVB deposits were unavailable for a total of one, maybe two business days. I’d try not to keep more than $250k in each account.

Had you banked at SVB with a backup and less than $250k you’d have experienced zero cash flow interruption.
Everyone is smarter than everyone else, and damn it, you're going to hear about it.
I’m unfamiliar with TS. Could someone explain this part?

> Invoke the compiler

$ tsc *.ts --lib esnext --outFile /dev/stdout
var ᚾ = Symbol();
var ᛊ = Symbol();
var ᛚ = Symbol();
var ᛞ = Symbol();

Why is there so little output? Is that because the compiler removed the unneeded types? And the author is implying that the task was boilerplate and pointless?
it was inevitable...lots of people have forecast that eventually these rate hikes would be rolled back due to political pressure...and eventually we would be back to even worse inflation requiring even more brutal hikes
Yes… let’s blame the VCs because SVB took the government’s money and lent it back to the government. That’s all SVB did. The Covid stimulus was so poorly conceived.
Also if you want to see what I mean in my other comment about "out of the box" experience, here is a simple demo video of going from a completely fresh installation of AstroNvim to having language servers, treesitter parsers, and even debugging code without having to even restart the editor: https://www.youtube.com/watch?v=04z9v0xMDkw
IMHO I think the general globalism/market-liberal ideological consensus that most of us were a.) raised to believe in and b.) happy to use as a justification for why we make 2x - 10x the median income, is crumbling. (note I'm not arguing against the ideology itself here, i'm talking about the broad social consensus around it). As the last bastion of people with upward mobility and disposable income we're feeling this pain the least and can ignore it the longest, but the tech/not-tech divide keeps getting a little wider every year. The groupthink around "thats ok" and "things are fine" that we all need to go to work in the morning is going to get a load-bearing test sooner or later.
I've talked to people involved in energy/climate/ESG policy decision making. I wouldn't get my hopes up. Their religion (some might call it ideology) overshadows everything.
Brief is an understatement!

For those who have never heard of Rexx, it was developed in either late 60s or early 70s at IBM. It is a powerful scripting language.

I first encountered it in OS/2 where it was the default (built-in) scripting language. During the OS/2 days a couple of GUI drag-and-drop app development products were built with it (Watcom's VX-REXX and VisPro Rexx). I used VX-REXX to create a graphical client/server application for OS/2 that used DB2/2. It was unbelievably productive. I've heard that VisPro Rexx was also just as good.

I also worked with Rexx in z/VM (and z/OS to much lesser extent). It was nice to know one powerful scripting language that could be used across various IBM systems.

There were a few odd things in the language -- 'stem' variables come to mind. This was Rexx's way of doing arrays (or dynamic lists). You stored the number of elements in $stem_var_name.0. Good times!
There have been multiple top page posts with discussion's about SVB over the last few days. How much more do you expect?
It's funny you're appending Reddit to your searches too. I noticed this is very common, ha.
> modern things after learning a lot of the historical development paths

While not research, it is nontheless interesting to watch every generation of programmers (including mine) re-discover RDBMS after tripping over all the pitfalls with the hot new stuff.
Probably hedge funds and some larger banks instead of VC?
Can anyone explain exactly what made Google Reader so amazing? I never used it, but from what I can tell it was basically an RSS reader?
First Tesla, now Nissan: Another EV recall to replace a steering wheel
Show HN: DarkHN – Hacker News with Dark Mode
I did not understand your explanation.
SVBs liquidity issues predate VCs telling portfolio companies to take cash out. They already had to liquidate securities at a $1.8B and sell equity to fill the hole in the balance sheet on Wednesday, which was the announcement that led to the run.

SVB likely would have made it through the immediate term if companies did not pull out money en-masse. However, they were in fairly dangerous territory no matter what, and highly susceptible to the ongoing pattern of declining deposits (as burn rates remain high but new capital is not being injected at the same rates it was 18 months ago).

All that said, there were companies (not VCs) flagging SVBs risk on the weeks and months prior to this incident. Some were already pulling money out, albeit much more slowly.

The very nature of bank runs is that as soon as the fundamental trust that we can withdraw tomorrow is gone, everyone wants to withdraw today. That can, as we just saw, happen in a very short period of time. Once that happens, it is objectively in each individual party's best interests to get money out.

So sure, you could say that everyone should have just stayed put and not reacted. But in doing so, you'd be asking depositors in a bank that just announced they were unable to meet liquidity obligations to keep their money where it is, and that as long as everyone else did the same, then we'd all be fine, knowing that:

1. We would still likely have faced problems in the months and quarters ahead, and
2. That if enough of them did not heed the advice, you'd be caught holding the bag and unable to pay employees or vendors

So I'm not quite sure what those blaming VCs were expecting here. Would you leave your money in a bank with demonstrable liquidity issues?
We need this sooner than later!
Search your Google History and Share it! LOL

I'm waiting, I share your sentiments.
Google Reader was killing Google Ads, so they decided to shutdown this service. RSS readers don't show ads in the same way of navigating in their websites.
It's also 3.6 times faster, in a world where hardware updates get you 20-ish % improvements per generation.
Our favorite site can be tough to read at night. Enter Hacker News with dark mode. Based on nginx, it's pretty much the exact same with some css tweaks and a few replacements.

I realize it's not original, but it seems like every past attempt is now gone.

Should you trust some random site with your login? Probably not.
> These are all fancy ways of talking about accounting tricks that banks are allowed to employ in order to hide economic losses from their financial statements. Banks would argue that their accounting tricks are blessed by the priesthood of professionals accountants, so it's perfectly legal. Which it is. It is not obvious that real-time mark-to-market accounting would have made things any better, but pretending that massive economic losses were not real was not a sustainable trajectory as soon the accounting fiction (no losses) collided economic reality (the need to sell holdings, in order allow depositors to withdraw their cash demand deposits).

Oh, man, this made me recall the "borrow, then die" strategy mega rich people use to avoid capital gains taxes:

* Step 1 is to have a large investment portfolio.

* Step 2 is to get a loan from a bank against that portfolio with a sweetheart interest rate, very long term, and interest only payments with a final balloon payment.

* Step 3 is to let the dividends and appreciation on the portfolio pay back the loan.

* Step 4 is to die, leaving the entire portfolio to your heirs. This gives them the ability to take advantage of the step up basis, so they pay no capital gains should they sell, which also gives them the ability to immediately sell a portion of the assets to pay off the loans. They can then go on to implement this same strategy themselves.

There's not a direct mapping between this and the "held-to-mortality" book, but the spirit is certainly very similar. While it's losses being hidden by banks using the "held-to-mortality" book strategy, it's gains being hidden by people using "borrow, then die." In both cases, it's essentially done by delaying realizing those losses/gains until as late as possible.
So right now all I have on Schwab is some investments (i.e. no cash). In the event of a bank run it's only cash that is at risk, right?
Every time I go through an airport the thought occurs to me that it could make for a really cool sim game. I will check yours out!
How development is now about stringing together a bunch of ethereal, abstraction layers (some probably imagine like a skilled surgeon - personally I see this as the same kind of thinking that results in the trapeze of illogical thinking that brought us consumable wokeness).

Each of those services is effectively infected with cancer that causes it to continue trying to consume as much of the market as possible at any cost while simultaneously trying to add more features, because whoever has the most features is ahead, resulting in the patchwork nightmare carcass that is Jira and anything that gets produced by atlassian these days. I say that with the greatest respect, it must require insane talent to keep that thing running at all (and this is no stab at anyone in particular, all modern software looks like this - including my own).

Which leaves us as the surgeons, responsible for memorizing an ever-expanding list of services that could potentially solve problems a-z without ever teaching us why those things were problems in the first place.

A+ for the effort of the tiny fraction of devs that made enough money to allow them to escape from the confines of proprietary software and still have time left in their life to develop for the good of humanity, and try to fight back against corporations that would patent breathing if there was a way to do it.

Sorry, this turned into a rant. I'm clearly a great fan of the circus and juggling microservices like some abstract clown.
One might reasonably be sharing a ninja-based build system in their tech stack?
Ha ha, but the sad reality is that most VCs are herd followers and not smart enough to engage in deep political plots. When the bank run started they all just panicked and reacted.

(Well maybe Peter Thiel is that smart. But not the rest of them.)
Here vacuum does not mean low pressure, it means lack of substance.

If you use a strong pump to depressurize and seal a glass bottle you still get a bottle with air inside; you can easily see that there is air inside because if you submerge it in water or oil and break the seal you will see air bubbles coming out.

If you were to try the same with a glass bottle full of water, you will find that is is much much harder to pump the water out than is it to pump the air out.

This is perfectly compatible with the impossibility of an actual vacuum.

The experiment that subverted this view had to use mercury to be practical at the time[1]

In this experiment you essentially use the weight of mercury to pump mercury out of a glass bottle and since air cannot traverse mercury nor glass [2] then it must truly be a full vacuum. [3]

[1] https://en.wikipedia.org/wiki/Torricelli%27s_experiment

[2] This is false, mercury evaporates, quantum tunneling exists, gasses likely can be dissolved in mercury and material are porous.

[3] In some sense you could say that the photons in the bottle make it not a vacuum, as they have mass or also that particles spontaneously appear from a base energy noise or a lot of other oppositions to that being a real vacuum. Still it is definitely a different thing from just low pressure air.
Another atmospheric river is coming for California
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.

They are such bad actors, their words were all pretending this is something bad, but their actions weren't to recapitalize the bank but to let it blow up intentionally, while spreading FUD. They made a very successful gambit here that they could blow the system up to get what they want (rate hikes stopped). And they won with that gambit.

If they get away with this, this gambit to them was totally worth the risk that the Fed won't chicken out.

It's a case of murdering and keeping the inheritance.

If I were the Fed, I would see this as a jackpot that finally the rate hikes are creating deflation in the best possible location and continue straight ahead. This is even better deflation than you can get by rising rate hikes for everyone.
Chasing growth over profit and raising VC money every month and celebrating how much money has being burned in the millions over chronically unprofitable ideas.

I hope that this lesson should put the 'growth over profit' narrative to rest.
the bank was already experiencing a slow run as startup funding dried up. SVB got hit by interest rates twice - once because the value of their assets fell and a second time because the money spigot into tech turned off and a huge influx of deposits turned into steady net-withdrawals. they managed their risk awfully.
I wouldn't say that... there are a LOT of sites that operate at under $1k/month spend. If you lose 10k customers for one big fish, is it worth it? I know it's not apples to apples, but still can really matter. And just maybe it's not worth supporting a bigger player in that case altogether.

And for the bigger fish, if it's me, I'm one to push for complete containerization and orchestration beyond simple DBAS service for PostgreSQL, depending on needs for scale. Which absolutely means switching can be easy enough.

The only advantage the big cloud providers have is the services for the lower-middle tier customers.
> big brother stepped in and saved you
True. People should be very thankful the government did this to allow people to keep getting paid and to keep these businesses solvent.

But depositors didn't cause the initial problem, which was a large hole on the balance sheet of SVB. That was done by bad investments made by SVB. That was not the fault of tech companies but bankers.

> Seems like tech is systemically risky and should be highly regulated.
This goes beyond tech businesses because the risk is there are lots of small businesses with high cash deposits in bank accounts. If the same thing happened to a different sector would you also call for highly regulating their industry because they had high deposit amounts in their bank accounts?
I've never seen this posted before, but this seems incredibly important and interesting. Maybe just needs a catchy name.
when building secure systems one of the key principles is assume someone will leak the private key. this is how we get to hsm

maybe another one is assume you will lose access to the hsm. sure spinning up a new trust chain is annoying but it wouldn’t take that long to do. totally agree this post is overblown
Traders trading amongst themselves isn't really a transaction.

It's a bunch of bros moaning "arbitraaaaaaaage" while trying to rip each other off.

The amount of crypto used for actual goods and services probably amounts to about $3.50 per day.

$3.50 is much less than $34 billion
People are probably withdrawing money to put in to assets.
Yes. But people use "you have to hire people to manage it" as an argument against on-perm. When in practice, most companies hire "devOps engineers" or "cloud engineers" to manage their cloud infrastructure too. And those salaries seem higher than the infrastructure/ops guys of yesteryear. So resource cost isn't really an advantage.
Wind up?
Looks cool, was the terrain procedurally generated?
Ah, I think you're correct- my apologies.
> non-breaking spaces, word joiners, and other similar HTML entities

Non-breaking spaces in some fonts are actually a different size than normal spaces, and most copy doesn't contain entities. Better for all if we can adjust the display of the text without programmers changing content.
Arkansas: No need to age verify kids working in meat processing plants
How do you do that? I thought browsers don't play anything these days until you click on something.
Did Ukraine invade Russia? Was Ukraine a threat to Russia in any way?

Don't believe Kremlin propaganda, if there's one thing you can trust about Russian diplomats it's that they lie, even when they know that you know they're lying. It's been well known for decades. It's official doctrine and is called maskirovka.
The UK cannot regulate an international market. That is down to major players like the US and EU.
Yes, that's the problem of Apple users :)

In the end it's the result that counts. This can be achieved in a lot of ways.

And the same discussion with brands & clothes:

If someone is wearing unbranded clothes, does this make he/she/it a human less worth??

Of course: no money, no brand clothes. But, you can't pinpoint "no apple"/"no brands" to "no money".
For me, I could afford buying a new apple device every month. I just decided for my self, not to let wallgarden me :)
Makes me think of the current frontend trend of compiled reactive ui frameworks like Svelte.

Also the SQLite bytecode engine. https://www.sqlite.org/opcode.html
It's not really a bailout. Upper management was removed and the bank's assets are being auctioned off.

Investors know they're taking a risk, but depositors should be protected. Without that assurance, people would stop putting their money in banks.
Tesla downgraded to Peer Perform on growing macro concerns
I believe Rexx was also quite popular on the Amiga! That platform was otherwise very much the spiritual opposite of what IBM represented back in the 1980s.
I think one model with the bog standard stuff and one with the modules is a good compromise, or will be when they're more established and can afford the overhead you correctly point out. Right now they're very much a startup, and so I agree with you that it makes sense for them as a company right now.
Yellen is an incompetent ideologue. I studied applied economics in university, and the first code I wrote for a real application were inflation simulations. When she and the Fed made the claim a few years ago that "inflation was transitory" I ended up calling several of my smartest classmates. It was a nice excuse to reconnect, and universally all of us were asking what she was smoking.

It wasn't just us. Larry Summers was prominently and publicly stating that the inflation was definitely not transitory. But the banks believed her, and continued in 2021 to buy these securities as if interest rates were going to be going low again in the near future.
The president of the USA just announced, on live television, "investors will not be protected in the event a bank fails".

So the investors are all pulling their money out and putting it elsewhere.
Where in this case the “speculative investments” are bank deposits and T-bills.
Dishwashers are about not wasting my time and energy, I couldn't care less about water or power savings.
Their portfolio of startup loans is definitely not going to be sold for face value, I’d be surprised if bids are above 50. Unprofitable companies in a rising rate environment aren’t who you want to be lending to..
I strongly suspect that niches will be stabilized for user-defined types someday. Unlike some other features (e.g. specialization) where there are open questions about how the feature could possibly work, niches are well-understood and mostly just need somebody to champion them.
Before considering to answer your question (not to mention upvote), do you even have a Lamborghini? What about a Bugatti? Wait, you don't even have a castle?

PS: Just a suggestion, your observation is a real phenomenon, personal values self-review is strongly encouraged. Too much utilitarianism and opportunism will invariably lead to some kind of psychopath world-view.
It's funny, I use Firefox on my phone and both of the examples ("normal" and "balanced") look exactly the same to me[1], with the line break between "savvy" and "businesses", but I gather from the text that they're not supposed to look the same. I get that the article is talking about blink browsers but it's also assuming that everyone has one. I suppose they should have put an image there instead of having the browser render it.

1: https://imgur.com/a/u2N3i9q
Eh, this is par for the course in democratic decline… same situation in Argentina for example, central bank is supposed to be independent but in reality the government controls fiscal policy. It’s true that the US has a long way to fall though.
Folks were thinking of 400k as of 400k some time 1-2 years ago. Now it's gonna be different. 400k pretty much means "work for a year for 400k, get laid off, look for a job for the next year or so, or accept lower paying position". It dilutes 400k into 200k or so. There is no 400-500-600k jobs anymore. They gonna lay you off in a day. So 400k is a cheat rate for HR to sell the position. Honest rate is x0.5 or even less.
Your games looks really good. Do you handle art + programming by ourself ?

As someone that would like to create my own (basic) games, what would be the right tools and frameworks In your opinion to create art and game logic ?

The easier to learn the better haha
Yep, NeXT was long in the tooth, but they could have moved the content tools and cross build env to another other *ix platform. (And even for running the game .. Q3 was OpenGL, and PC gaming GPUs had yet to overtake the workstation 3D hardware).
I am making far less than 100k.
I think it shows a three way win: Depositors can get money back, Short sellers grab huge profit, FDIC saves the world. Profit! Just the investors lose.
Yes! Actually the entire world is a infinite voxel grid
That’s what I used, but it requires creating VLAN configurations, or it did when I tried this a couple years ago. I had to get help and just don’t have time to futz around with it anymore.
My problem w/ pip is that it is unsound. It's particularly problematic that it works for simple projects and not hard to live with for complex projects with a single dev, but if you have a few freshers working on a complex project you will always be helping them unbreak their builds and sometimes their whole Python installation.

The Python community is chasing new shinies that are 98% correct (e.g. Poetry... which you'd think wouldn't be so damn slow) instead of insisting on 100% which is usually cheaper and faster than the interminable process of pushing a bubble around under the rug.

I had my own problems w/ conda back in the day but got back into it recently because today you can be up and running w/ transformer models on the GPU in conda in minutes, which is about 3000x faster than it was back in the day. I sketched out a design for a correct package manager for Python that only worked on wheels. Packages based on eggs would have to be built into wheels... It turns out that you pretty much have to do the same thing if you need to install pip packages into a conda installation and have it work 100% of the time.
Schwabs checking accounts are FDIC insured up to $250K. But to be clear a bank run on Schwab isn't happening. They have 7.13 trillion USD in Assets Under Management. And I am certain it isn't all in low-yield bonds.
The author seems to be pointing out that the difference between 'for-profit' and 'non-profit' is not quite as clear as one might expect, and that the popular notion that 'non-profit' implies some selfless, virtuous, do-gooder agenda is not well-supported.

As far as data, the fact that religious US non-profits have yearly revenues on the order of $400 billion a year is included, although the article could have included the total size of the US non-profit economy (~$2.5 trillion). (I imagine religious non-profits in the Islamic world are at least as large).

Your comment seems to be pushing back against this arguably cynical view of the motivations of non-profits and other 'workers for good'. It is a discussion worth having, so calling for it to be removed is, well, sort of supporting the thesis if you follow.
Do you like employees who like to refactor code?
However, the refractory is self-opinionated and buggy, also slow down the progress of the project.