skysight-inc/HackerNews huggingface dataset:
My first tech job was doing technical support for American Online. We were in this giant converted Walmart that had been turned into a cubicle farm. It was awful, loud, and soul crushing. Just give people office pods. Section it off into smaller offices that have 4 people max. Each four-person pod is enclosed with a door.
Sites were profitable because the average person couldn't create a site easily, so they had little competition.

This very site exists because the creator got a gob smacking fortune for a web store, something that you can literally create by a following textbook today.
I picked up Red Hat 5.2 at Best Buy like this. As a high school kid with little money it was like Christmas to find something so heavy and packed with software for like $30. Had a lot of fun with it at the time.
GP is talking about the majority of accounts, and the number you cite is a percentage of funds. If 98 people have an account with $1 in it and one person has an account with $102, then 51% of the bank's assets are in accounts > $100, and the vast majority of accounts have $1.
> For the Feds to put up that money as part of a deal to sell SVBs portfolio intact to another bank, makes good sense to me

Honest question: why? I.e. why can't the capitalists invested in this business absorb the reasonable haircut? (I assume it's "reasonable" based on the information we have been provided with until now). Depositors (especially those holding more than 250k) were also investors, they were getting back more money than they had put in.
FrequencyReducesDifficulty (2011)
It may be irrational, but then irrational behavior is whats leads to bank runs.

Why should I keep my money there if I can hit a few buttons and move it somewhere with less perceived risk? What if every one is thinking like that? Great FDIC will step in quickly, I hope.

I think tomorrow will be interesting in general to see how things hold up.
I don't agree. There are many instances where using a boutique or smaller institution is better for your business to run.

My company used to bank with Bank of America. It was awful. They seemed to have no concept of how to work with small business or a tech startup. We moved to another bank (not svb) and it's been a much better experience.

Only leveraging the giants of a given industry is not good for innovation nor specialization.
The lack of capitalization (even on HN) is a regression far worse than dash mis-use.
> > This is intended for small teams

> As someone who has to manage enterprise firewalls

Clearly not intended for you, as the quoted part tells you outright who it is intended for.
>But the government should not relieve anyone past what is legally available.

The FDIC amount is a minimum, not a maximum.

But I agree, college loans should not be forgiven past what is legally available ($0).
Yea, im obviously talking about business accounts with over 250k. If less then yea the risk is smaller (you still risk loosing temporary access to your money).
The point I was trying to make is that the folks who feel compelled to explain why vinyl is dumb (each one is the first to offer this opinion) usually start by telling us that vinyl sounds terrible.

They are unaware that a) it doesn't and b) Spotify does.

Which is fine, but you'll notice that you rarely see LP collectors expend energy trying to tell streaming music enthusiasts that the entire premise of their enjoyment is flawed.
For most of the past decade, banks haven't been paying interest on deposits, because rates were so low.
People like glossy.
> I was always a fan of cubicles

What on Earth is wrong with traditional offices with normal doors? Cubicles always make me think of cattle, they are like open space but you have limited view so someone can stalk you without you noticing that or surprise you etc. Thank goodness we can easily work remotely these days.
Needs a pager, otherwise looks great!
I use em-dashes and parentheses somewhat differently but you can mostly substitute the latter for the former.
This would be true IF websites ran just enough ads to keep the lights on.

But no you can make PROFIT with ads. Which gave us BuzzFeed.
This paper found 222 impacts when comparing repeat LRO images (2009-present): https://www.nature.com/articles/nature19829

I'm leading new a citizen science project called MoonDiff, comparing against older images to look further back in time -- contact me if interested.

https://moondiff.org

https://trek.nasa.gov/moondiff/static/moondiff_intro.webm

https://github.com/nasa-jpl/moondiff
> If people with over 250,000 in deposits are covered, the once again the the rich is allowed to avoid all risks for bad decisions.

I feel like putting your money in a bank should not be considered an obviously bad decision. The risk profile your bank takes on with your deposits is largely opaque to you, and it’s not feasible to expect every depositor to do due diligence on it. Even if you understood their portfolio you might not be able to understand the implications as market conditions change. It’s also not feasible to expect people to split up their deposit into multiple 250k accounts.
My point is that no matter what you tell the OS, there will still be one more device connected than expected. If you plug in a keyboard and two are suddenly connected, it’s still very noticeable. This counting problem is occurring at the hardware level in the USB hubs and host. The attacker needs to compromise an external hub to behave like a USB protocol analyzer capable of intercepting and modifying data seamlessly in order for an attack like this to be anything other than trivially detectable. Fitting something like that into an existing enclosure means writing lots of low level code and embedded hardware design which is a different level of difficulty.
There’s a great variation in ingredients!

I like the ones that are made out of oats, water, maybe a little salt.

90% of the oat milks on the market here in Aus, and 100% of the ones marked as “Barista Style” contain oil, usually sunflower.

I don’t think it needs it. It’s delicious ‘straight’.
And that haircut won't be fun for many but I think the balance sheet had them at around $200 billion in deposits with $175 billion in assets. Obviously the question now becomes liquidity but I think the sky is not yet falling (unless more dominos start to tumble)
Cargo culting. If you never used SQLite, anytime you need a database you use whatever you've used before without shopping around or considering if what you're about to use is right.
Usually it's called a trimmer around here. Because you use it to trim the bushes, hehe.

But stupid jokes aside, I used razors (for my face) only in my teens and early twenties, after that I moved to trimmers and occasional 'canadian lumberjack' look out. Trimmer are good enough for the face, armpits and most of the bush. At this rate I measure the lifetime of (disposable BIC) razors in years.
I often see “so and so development funded by Super Local Bank of the US” signs in front of new commercial developments. I’m guessing they’re hooked into the local business community and help facilitate “riskier” transactions like buying pizza shops and hair salons?
Don’t you think there is a huge difference between the bank shareholders getting bailed out and depositors getting bailed out?

Let’s think about the risk of “morale hazard” in these case:
Bail out the shareholders: we can throw more money into the stock and never lose money! Risk free returns, I better pump this bubble up!
Bail out depositors: I feel safe having my money in a reputable bank! I can operate my business and pay vendors/employees, I can keep doing my job without interruption.

Bailing out one group makes them greedy, bailing out the other makes them productive.

This is not old testament judgement, this is a financial war and our gov has to use every appropriate tool to fight it.
That definition is only stated that way because completely synthetic milk is something most people haven't conceived of.
Private office spaces will be rediscovered past Silicon valley bank dotcom 2.0. The dynamic driving this will be that office space assest price will fall with higher interest rates.

The dynamic was that close to zero central bank interest made it cheap to finance office real estate. That led to increased rents. That led to open office plans.

I predict that the open office floor space trend will go in reverse towards private office space.
Most of the things I read online, I would probably not be willing to pay much for. For example, for “news” opinion pieces, my analogy is to a long form version of something one might find posted on a bulletin board at a coffee shop. Sure it is entertaining to skim and might be vaguely informative, but it isn’t really journalism and if someone tried to charge me to read it, I’d happily move on.

I don’t expect everything to be free, I expect things to be priced in line with their value. Listening to somebody’s rant on something—I mean, therapists charge for it!
Protection against discrimination is not absolute.
I am stating for prior fails, the number from SVB was that only ~3% were insured. Which was my point, that in the past, there wern't as many e(a)ffected (and they (uninsured) could have received special treatment for all I know).
This guy short sold SVB based on their quarterly and annual reports:

https://archive.ph/XaKkt
Nope. YC and other investors are explicitly asking for something beyond the normal process - no possible haircuts, no delays, $10M guaranteed, whatever. That can't be covered just by SVB assets. (It can be mostly covered. But that's not what they're begging for.)

And that's without getting into the question of whether they should be allowed to still reap the rewards of being a customer of a risk-taking bank for years before the event.
We've invested a lot into helping LLMs reason and explain large codebases. We use a hybrid approach of local models for semantic search and a mix of OpenAI and Anthropic's models for language output and summarisation.

We're two years in but everything still feels super early given how quickly the fundamentals are improving. Would love your feedback - https://bloop.ai
their 12/31 10k.

no one knows what it was as of 3.10.23
I live in Europe. Have lived in many places in Europe. I don't have a distorted view.

Main point was that European cities, in general (Dublin being somewhat of an exception by my experience) don't have suburban city planning. You typically live and work in the same city. Like e.g. Downtown New York - which, I'm told is somewhat of an exception, being an "old" US city. Travel by bus, metro, bike or tram.
TL;DR: In a recent interview with Bloomberg, an executive that works for Goertek said that Apple suppliers are moving manufacturing capacity out of China faster than anyone anticipated. And then, suddenly, unexpectedly, he left the company for "personal reasons." At least he didn't disappear into the ether, which is what has happened to other executives in China, or fall of a window or down a staircase, which is what tends to happen in Russia.
No one here actually reading the thread, all assuming you’re talking about SVB and not (as the parent says) previous bank failures.

To address your actual point: we don’t know whether WaMu depositors had a lot in uninsured accounts, probably not as much as SVB, but we do know that all depositors were made whole when JP Morgan Chase bought the bank — from assets WaMu already had, not the FDIC’s pool. Even senior creditors received some amount back!
>When I ran a consultancy, I spent a lot of rent of making sure my employees had both proper offices where they could think and common areas where they could collaborate. Doing otherwise is foolish.

Looking back, wouldn't it have made more sense to not spend alot on rent and let the employees work at home? Granted, no common areas to collaborate.
The only depositors at risk at startups. All regular people are made whole. And they are getting ~50% of their holdings in the next week. Why are VCs clambering for a bailout? The system works as designed. No need to do anything else above and beyond.
So you want to turn an office building into a home?
It may make sense to prevent many companies from going under but for the long term good of Silicon Valley it should sting.

If all depositors are made whole at no cost to them then there is no incentive to avoid a repeat.

Remember that those depositors are not random members in the public, their are insiders of the SV microcosm.
> Founders drained the whole Bay Area of anything culturally interesting…

I grew up in the Bay Area in the 70s and 80s and it wasn’t all that culturally interesting back then either.
If depositors get 100% back (I assume the government pays the difference between selling SBV assets & the deposits)...then what's the purpose of saying "FDIC Insured up to $250k"? It's a moot then isn't it? I don't need to go through the hassle of distributing my money anymore?

Edit: I read the article. Yellen says "“But we are concerned about depositors, and we’re focused on trying to meet their needs.”

She says NOTHING about depositors getting 100% back. It could be that they get the share of deposits back faster.
Yeah, I excluded them from the computation as a performance optimization.

The juice didn't seem worth the squeeze given my work specializes in smaller websites.
Average or median?
"They"? Who is that "they" that are forcing people to cycle?
The ad monetized content is mostly garbage though. But it's dangled in front people to attack out lizard brains. The non-ad-monetized content is better.
Just created this newsletter on substack https://coltrane.substack.com

Please sign up there, will let as the project progresses
There’s a lot of ways they can just do whatever they want.

It could be as simple as the fed purchasing a large long dated convertible note with very favorable terms from the new entity created for receivership and then turning around and selling that entity to another bank, now that the balance sheet is fine. Or the conceptual equivalent.
So the people could instead give their money to a bank which then would offer various deals. Give money to 1 year and receive certain rate on it.

Point is that no one should be forced to take on risk if they are using a bank. Instead it should work like any other investment.
Agreed.

The government bailing out private industry seems counter to the maturation of private industry.

It sucks that the ones will who suffer the most have the least culpability in this situation.
This is about Google docs. In Google docs access control means not just knowing password and username combo, it also means having the device to receive a time limited 2FA code etc. Plus the ability to revoke access. Very much not just obscurity.
Complete reserve banks can handle 100% withdrawals effortlessly and continue to operate.
> When people say bailout, they refer to tax dollars going to bailing out an entity.

One thing I've learned over the years is that lots of people use words wrong, especially regarding financial topics.

After seeing the ridiculousness that gets posted any time topics like short selling, stock buy-backs, tax writeoffs or fed policy get discussed, I'd be cautious about assigning a narrow meaning to what random internet posters mean when they say "bailout".
Duplicate of

https://news.ycombinator.com/item?id=35119825
Additionally, it sounds like a total depositor “bailout” is just float until the receivership can unload the banks assets
My next door neighbor (who has since moved away, but I see his kids around the neighborhood still) is a very successful salesman and takes 120mg of Adderall “to get out of bed in the morning”. Which I thought was crazy considering I take 15-30mg in a day, but he didn’t seem like a bad guy or to have any ill effects from it (aside from assumably spending a good chunk of change a month buying Adderall off friends/dealers).

I think there’s way worse things to be addicted to than Adderall and feel like this guy is a “worst case scenario” but he’s still a productive contributing member of society.
> I can imagine that scientists have figured out accurate ways to measure the "actual" brightness of stars

Sure. This is actually pretty simple.

Stars visible with naked eye are relatively close to us. We can measure parallax (https://en.wikipedia.org/wiki/Stellar_parallax) and this gives you the distance to the star directly. Once you know the apparent brightness and the distance you can calculate the actual brightness.

"The Hubble telescope WFC3 now has a precision of 20 to 40 microarcseconds, enabling reliable distance measurements up to 3,066 parsecs (10,000 ly) for a small number of stars."

Vast majority of visible stars fall within couple thousand light years, the only ones that are further are extremely bright, extremely rare and extremely short lived.
If people are sharing the links including the basic auth embedded, not much. However it splits the problem into two halves. One part deals with auth, one part deals with the identity of the resource. So you can have different auth, or change the auth, without changing the URL.

In practice, the most important difference between those is about what gets copied when someone shares a link. If the only possible option is to share it with the authentication embedded, you're kind of screwed. I don't think browsers expose the basic auth when you copy and paste from your url bar though.
There's one thing I don't understand.

If I'm buying low yield bonds for 100B, even if interest rates go much higher, shouldn't I still be able to sell the bonds for 100B?

There's still an obligation by the government to give me 100B back at the end of the loan.
I guess... That's too bad, this project looks great but having to install/connect Postgres is putting me off installing it.
Gamefaqs. Someone typed out the entire script of Deus Ex. For free.

Don't fuck with gamers they are a force beyond human comprehension.
Sure we taxpayers can toss in a few billion. In exchange, VCs can give up the carried interest loophole and founders can give up 83b elections.

Deal?
It isn't, but then again cow's milk and cheese shouldn't, and does not need to be, anyone's primary source of nutrition or caloric intake. The west's notion that children (and even adults) absolutely need milk every day "to grow up healthy" is a misconception.
The main problem with paywalls is when you don't know what you are getting and the teasers are deceptive.
Ok well if we’re talking molecular structure it’s identical so I look forward to Webster adding that meaning in a few years as usage picks up in the English-speaking world.
Just to be clear we are on the same page. The FDIC limit is 250K and most startups had more than that...

"FDIC - Deposit Insurance FAQs" https://www.fdic.gov/resources/deposit-insurance/faq/
You’re conflating clarifying intent with outright deception. The react team is trying to clarify how useEffect is intended to be used because it’s so frequently misused. The fact that it’s a possibly a poorly designed abstraction that is ripe for misuse is not really relevant to the discussion imo.

Don’t take my word for it though. Dan Abramov himself has said pretty much what I’m saying (you’d have to find it on Twitter). Ken C Dodds shared a talk (not run by him) called “Goodbye UseEffect”. Look this stuff up if you haven’t. It’s out there. There are often better ways than useEffect. And when those don’t work you can always use the esc… well you get the idea.

EDIT: spelling
It's not particularly unusual. The FDIC has generally arranged things via sales and capital injections so that the bank owners get ruined while the depositors, insured and otherwise, get just about every back. If they did otherwise, no one would bank at local banks.

What is unusual is the Treasury secretary making public comment about it. But this is a unusually large bank failure and a rather critical moment.
Seems like atmospheric intuition.

I'd expect high velocity dust to diffuse rather quickly in near vacuum.
I mean, completely reducing this risk to 0 is probably expensive and annoying, yes. But you could halve the risk by splitting your money into just two bank accounts, and reduce it further by keeping medium/long-term savings in short-duration no-coupon T-Bills or something.
The bank uses a portion of everyone's deposit to make the loan. The rest is made out of thin air.

FIAT currency is proped up by private bussiness banks. Only a tiny fraction of the money supply is the M1, or base money (printed by FED).
Amiga 1000 Phoenix Board and Display Case
TV/VGA + Serial Console on an RP2040 would be cool.

- rs232

- UART

- USB-TTL w/ configurable (3.3v/5v) voltage levels

- (optional) VGA output

- (optional) WiFi/Bluetooth (RP2040W Pi Pico W)

The OpenWRT hardware/port.serial wiki page explains how to open a serial console with screen and a tty /dev; and about 3.3V/5V bricking a router and/or the cable:
https://openwrt.org/docs/techref/hardware/port.serial#use_yo...

PiKVM may have console support but with a Pi 3/4+, not a $4/$6 RP2040 /W with or without low-level WiFi+Bluetooth

"Raspberry Pi Pico Serial Communication Example (MicroPython)"
https://electrocredible.com/raspberry-pi-pico-serial-uart-mi...

> The RP2040 microcontroller in Raspberry Pi Pico has two UART peripherals, UART0 and UART1. The UART in RP2040 has the following features: [pinout]
It’s Easier to Revise Than Create
Bailing out the owners is obviously completely out of the question, but why bail out the depositors beyond the guarantees they knew they were getting at the time?

Funny how language is being used to frame all this. For depositors it's made whole, not bailed out, when of course it's no less a bail out.
Sorry that’s not me, but thanks for the well wishes and I hope all is well for you too!
The range of sound basically reaches as far as the space is open and it can travel through air (over-simplification). If you put anything between a sound emitter and the receiver, it'll block out (some) sound. If that anything is made out of sound-absorbing material (something soft basically, again over-simplification), it'll absorb even more sound.

The principle behind cubicles is to reduce the amount of open space immediately around you, with sound-absorbing material so both the sound you emit, and the sound others emit, travel more upwards than side-ways as the cubicle walls force the sound up, essentially making the environment more silent, if you are situated in a cubicle. If you were to be hanging from the roof above all cubicles, you'd get to hear basically all the sounds coming from the cubicles.

It's a pretty basic solution, something better would be actual private offices where everyone is enclosed fully, then you can make the environment really quiet. But that's also way more expensive and requires more space.
There will be a lot of political and financial pressure to value their HTM bonds at 100% because otherwise it will precipitate more runs on banks and more distrust in the financial system. And these are in fact the safest bonds in the world—they're going to get paid out, but the problem is that in 10 years, money isn't going to be worth as much as it's worth today. So banks don't necessarily want to buy them at full face value (because there are better things they could be buying), but in this situation, they're probably going to
If anything it's trickle up, the first beneficiaries are the community.
Sorry, missed this. And now I have no time to reply (I work on Sundays, yeah :).

Thanks for the conversation, I hope we can get to pick it up again sometime.
Depositors will get a “special dividend” next week which is about 50% of their deposits. The other 50% will be coming as they sort out and sell the assets which would take a couple of months.