skysight-inc/HackerNews huggingface dataset:
I would guess that this incentivizes retail and commercial banks to invest in less volatile investments with guaranteed returns, and not the stock market or other more volatile markets.

And it's not based on what they paid for it from what I gather, it's based on what the total payout will be when it matures.
and slaves before that and share croppers after slaves.
So it’s literally not clickbait and payments were delayed…
Same here but SVB was the 18th largest bank in the US.
Can you please explain why you normalize deviance and shoddiness? We have an issue here - business runs on trust, and crooks and sloppiness reduce the will to engage in commerce.
Tractor-towed Vulcan automatically spots and pulls weeds
> bail-in the power given to regulators to write down debt holders to auto-recapitalise the bank so it can re-open healthy the following Monday

SVB’s debts is likely to be impaired. That isn’t enough, however.
SVB no longer populates in Forbes on-line search ... as far as I can tell
> This maintains the invariant that money cannot be created or destroyed.

And if you wonder, if money cannot be created or destroyed, how does a monetary system handle the population tripling over the past 50 years?

The answer is national debt. The US national debt is just an artifact of this double entry bookkeeping. In order for there to be +money in the economy for the ever-growing number of citizens to do commerce with, the treasury incurs on itself -money. That's national debt.

The corollary then, if the US ever pays back all of its national debt, the economy will crash because there just aren't cash available for people to do commerce with. A +90trillion on the government balance sheet equals a -90trillion on the private sector balance sheet.
"a regional bank", only 18th biggest in the US.
I vaguely remember a court case that found "internet scraping" to be legal activity.

Why wouldnt it be legal in this instance?
Genuine question: If a bank invests all customer deposits in 10y treasury bonds, and then interest rates rise, is it solvent? It seems this is essentially what made SVB insolvent.
Talkatone provides a VOIP service that passes most 2FA checks (including ones that try to filter for VOIP)

I hesitate to talk about it too much lest they get abused to high hell and eventually filtered like everyone else, but at least a few months ago I was able to register an OpenAI account using one of their numbers
> I think the lesson to learn here is that perhaps the FDIC insurance limits should go up.

100% this. $250k is reasonable enough for most individuals, but it's far too low for businesses. You don't want people worrying about if their paycheck will clear and companies going under because a traditional bank failed.
How many people think inflation is going to go to 10% and stay there for a decade or longer? Are they enough to drive up real estate this much?
Absolutely.

OP seems to have removed their rant, and I can't go back and see the details. Was he/she the leader of the team? If so, that person should change the way the standups are run.

But even if they aren't the team leader... if you're doing standups, you're (at least in theory) doing some kind of agile approach. But agile is not a rigid process. ("We're going to be agile according to this rigidly defined process" is an oxymoron.) You're team's process is stupid? Change it. (Which you can't directly do, if you're not the one running the team. You're going to have to sell it to whoever is running the team.)
Male leaders tend to have daughter(s) or family in the troop thus the incentives are aligned. A single male is rarely the troop leader.

There is a reason to suspect a single heterosexual male joining a girl scout troop for the same reason you'd suspect a single male joining an all female yoga class.

There's a degree of common sense here that's being deliberately ignored. If a pedophile who's never acted out on his desires becomes a scout leader it is completely logical and wise to question his intentions as it is to question the intentions of a male girl scout leader or a gay boy scout leader.

You have to look at circumstance and evidence and nuance. You can't just build simplistic logic of "this exists and therefore the following must be completely true". No. Life is much more complex such that if your own child was part of a troop and ANY person who matches the profile of the characters described above MUST be questioned for the safety of your child.
Positive Self-Statements Power for Some, Peril for Others (2009) [pdf]
Outside the specifically legislated scopes where those overrides are in use, or for the parts of the Charter that aren’t subject to the override, courts can and routinely do enforce the charter by invalidating actions or laws. It’s very far from worthless, even if you and I both would rather the override clause didn’t exist.

At least, the overrides expire after 5 years if not re-legislated for a new 5 years, so politicians can’t enact them once and then permanently flee accountability.
You can cut time up into infinitesimal moments and try to fit all the work you can into each hour and minute on the clock face... but I find it doesn't work too well for me.

Time ebbs and flows like a river, better in my case to write down future appointments and tasks. Then throw your heart into the work you want to do in the current moment and mean-time.

It's possible to come to appreciate how much you do, that goes unrecorded and unresolved in the back of your heart, making you think you've done much less than you have... writing down what you have done, helps a lot to clear up mental space to perceive the next step clearly.
It’s relevant to whether they were insolvent or not before the run.
The "clickbait" part, is it makes it sound as if Rippling is fiscally unsound, and has to scramble to find capital.

A non-clickbait would say what gp said.
Also that all these customers knew their funds weren't insured.
CEO of failed Silicon Valley Bank no longer a director at SF Fed
Digitus impudicus - the middle finger and the law:

https://www.wired.com/images_blogs/threatlevel/2010/03/middl...
It’s still a factor in a potential offender’s mental calculation.

If the penalty is very high you will still think very hard about it even if you are good at evading detection.
Solvent relative to the maturity date on the bonds though, right?

If you need a closer date (because you need to fulfill customer cash flow requests), then solvent plus illiquid can become insolvent quickly.
If you use an ARM software license, the license is administered by your local FLEX server.
if a bank becomes so toxic that FDIC had to parachute in in the middle of the day (couldn't even wait til closing) and shut it down, how can this bank be saved with a bridge loan?

> SVB “didn’t have nearly as much capital as an institution that risky should have had”

https://www.bloomberg.com/news/articles/2023-03-10/svb-spect...

blaming the customers for wanting to save their money and claiming as if they were the cause of the bank's recklessness seems really strange.
> The brakes have to match the accelerator on the car, or you're going to be in for a hard time -- even if that means the car will go slower. You have to figure it out differently

There's so many problems with this analogy you should just state what you're trying to go for.
Because it gives the fed the power to control the economy. That's why it exists...
> I find my American friends sometimes freak out over the “but they could take your freedoms away!” when they read about stuff like that

But did they?

> It’s also written somewhere that I’m subject to a king, so I’m not really free anyways. Also I don’t actually own any land. It all belongs to my king. That’s written down too.

Is it something that people are proud of? A big part of the culture?
What “sucks” about Rust?
I'm not an expert in this area, but my understanding is that it doesn't really matter if it's cash, bonds or stocks – the bank is just a custodian of your assets and you always have the primary claim to those assets.

That said, the bank can still lend out your assets within certain regulatory guidelines, but in theory the regulation is in place so that they always have enough liquidity should you choose to withdraw it. Issues only really come into play when large numbers of consumers try to withdraw in rapid succession and a bank doesn't have adequate liquidity available. Ie, a "bank run".

Your point on stocks is interesting though because it's quite possible your bank actually does loan out your stocks to short sellers and makes some yields some profit in doing so. My understanding is that there are scenarios where you can actually loose your stocks in the event your broker goes bankrupt, although in such a case your government should insure you up to a certain amount (like with cash deposits).

But in a worst case scenario you can lose your stocks and banks can definitely lend the assets you hold with them.
but operating costs don't rise linearly with deposits (i imagine it rises sub-linearly, at most), esp. if they can choose to pay 0% interest for deposits.

It really is just a matter of money making. They didn't want to accept the low yield, but certain safety, and accepted a higher yield, but with risk. It caught up to them.
Vertical bifacial panels are one approach that doesn't interfere with tractors and equipment, and still have comparable generation (with twice as many panels, so more expensive):

https://www.pv-magazine.com/2023/01/24/vertical-pv-for-clean...

> "For conventional ground-mounted systems, the scientists considered a tilt angle of 20 degrees and an average estimated energy yield 1,020 Wh/W. For the bifacial vertical west-east oriented systems, they assumed a bifaciality factor of 90% and an annual energy yield of 999 Wh/W, while for vertical systems with a north-south orientation the annual energy yield was indicated at 926 Wh/W."
Which means bifacial panels would suit even better
> Your last paragraph is so shitty

Thanks for reminding why I largely left this place for /g/.
Laval is its own city.
It is more like, demand is the only thing the Fed can control.

The Fed can’t end the invasion of Ukraine or cure avian flu or speed up cargo ships. They can raise rates and that’s about it.
Yes, but that wasn’t a victory, its was a loss. The earlier retreats were complete collapses.

What would you describe the carry on in the Bakhmut region as? That’s chewing up Russian resources at a far higher rate than the western ones, and for a ruined town of little strategic significance.
It performs very well, but you have to give it the right prompt and model params. I imagine it will be ChatGPT level once it is trained with RLHF
I hear you: people have been "doing it wrong" voluminously and for a long time. Ergo, fancy debuggers come in handy.

> This is normal...

That's the part that I have a problem with. We have leavened our entire complex civilization with software, it's important to get it right.
I don't get why haven't they just hired more fraud investigators and people to recover proceeds then? It is laughable that the government only started to even remotely acknowledge the Medicare fraud issue in the 2000s. We are talking about tens of billions of dollars stolen every year for the past 30+ years. There are prosecutions but only in a fraction of cases because there are simply so many of them. You could even have something like the NYC Marshal system where they get a % of everything they recover. It's not hard to find pharmacies that 80% of the time prescribe expensive compounded medications that are incredibly rare in the real world or "telemedicine" doctors who are signing off on hundreds of prescriptions a day.
Well, the bet against raising interest rate is not the problem. It's the size of that bet that is the problem.
Unsecured creditors also includes anyone holding their stock, so if you held any shares of SIVB before today, you're sitting on a big fat goose egg.
Discussed recently here: https://news.ycombinator.com/item?id=34846287
OK, but you're still using loops.
What banks are saying no to money?
it is definitely insolvent
No, not at all. It's just good writing. As with literally any skill, good writing is writing that achieves its purpose, and a good writer foresees what would make their writing work and does it.
I just filled out Meta's online form to get access to the LLaMA models. Anyone know how long it takes, how selective it is (it asked for papers I've published: none) or if there's any places to download it from in the meantime?
"Auto safety regulators in the US have opened an investigation into Tesla following reports that steering wheels on Model Y SUVs have fallen off while the vehicle is being driven. In documents posted on Wednesday, the National Highway Traffic Safety Administration (NHTSA) said it’s aware of two separate incidents involving 2023 Tesla Model Y vehicles in which the SUV’s steering wheel completely detached from the steering column."
Ars Technica says they in fact do paid articles; it's in their funding description at least post Conde Nast acquisition. They might not for car reviews, however.
that's not true -by "mostly" do you mean 70 to 80%? losing 20% of your principal is a huge loss
I wonder if the future of archiving will not just involve keeping exact digital copies of everything but instead of keeping AI models trained on large amounts of data that we would otherwise throw away or never know how to use. Recently I saw a family throwing away all the photo albums of their deceased relatives that nobody cared about anymore and I thought sure maybe those photos of those peoples lives an now irrelevant to sentimentality but they are a key into a time and place in the latent image space. We should be collecting all this stuff to compress it into datasets.
It's a useful model the same way a toy hotwheel is a model of a car. Yes they both have four wheels.

Notice the issue that SVB had was a huge influx of deposits and not enough loans.
This seems to me like a crisis caused by the fed, and their ill-advised focus on inflation.
Energy-saving paint inspired by butterflies
I'm a big fan of services like Heroku and Netlify.

Heroku is basically "here is a repository with my server app, run it".

Netlfiy is basically "here is a repository with my web app, host it".

I really don't have to think about much. Heroku is pretty cheap and Netlify is free for small sites. To me it's a no brainer as it saves me a ton of time.

If a project every blows up, I can pay more money to scale these solutions up. And since my apps are still simple (i.e. no cloud vendor specific solutions), it's still easy to move my app somewhere else or redesign it with a new architecture if needed.
(There are numerous alternatives to both Heroku and Netlify).
Is it normal for a bank of that size to run without a chief risk manager for an entire year?
"How did you go bankrupt?" Bill asked.

"Two ways," Mike said. "Gradually and then suddenly."

--Ernest Hemingway, The Sun Also Rises
> The crux of the issue here is that, for many types of assets, banks are able to test whether they meet capital requirements based on the price they paid for the assets, rather than the price the assets are currently worth.

I think this will limit the types of assets banks can purchase. They'll need to purchase only assets that regularly trade (and thus are quoted) on the market.
In my experience with small SV companies over the last several decades, this would be exceptional. Typically you get money from investors at negotiated, spaced points in time. In between your CFO manages the cash on hand to cover everything: payroll, taxes, and any other accounts payable.
TL;DR: If you explicitly turn off colors in XTerm, whiptail does not know or understand this, and relies on color information to be able to present an understandable interface. But whiptail otherwise does not require colors if presented with a terminal which it knows not to have colors, it’s just a bug in whiptail that it assumes that all XTerms have colors.
Very true, but this seems like a surprise logistical payment obstacle for most employers and not anything deserving the label of theft. I suspect most departments of labor would see it that way as well, not penalizing employers who were otherwise able and willing to make payroll even if they might indeed help the affected workers.
This article really misses the point of how democracies break.

Disinformation, corruption, capture of the judiciary, gaming of electoral systems, poor campaign finance regulations and voter suppression are all key factors that have contributed to democracy backsliding in different nations across the world. All of these issues stem from systems of government and representation that are not properly balanced or lack safeguards from abuse and manipulation. Voter education, competency and participation are also absolutely fundamental to having a healthy democracy. Quadratic voting cannot fix these issues and we should instead focus on learning how construct better systems which are inherently more stable. To that end, we need methods to instrument and properly quantify how laws effect the competency, fairness, virtue, and balance of representation in democratic systems.

I found this thesis interesting regarding this approach though I have not had time to scrutinize all of the math involved:
https://kilthub.cmu.edu/articles/thesis/Computational_Perspe...
Brex isn't making the gamble, they're just managing it-

> This credit line is funded by 3rd-party capital (and not Brex directly), who are working with Brex to minimize the impact of this event to the startup ecosystem.

It sounds like a bunch of VCs are gambling on the return, while also knowing it helps stabilize the system that built (and likely holds, in some way or another) their wealth.
If they sell SVB to another bank, it will probably guarantee 100% of it because the alternative makes all customers of small banks a lot more nervous about their accounts.
Heh I was wondering if someone else would spot that too. Who said finance people aren't fun at parties?
A liquidity crisis is a solvency crisis if depositors are asking for their deposits. SVB made a miscalculation on their outflows and the price for that apparently is their whole market cap.
My rural town doesn't have any psychiatry practices as far as I know. I use telehealth to be able to get treatment from a psychiatry practice in a nearby city without having to drive 90 minutes each way.
If you want the government to backstop every single risk for businesses and investors, then prepare to pay a lot more in taxes.
Considering the value of SVB stock until yesterday, no reasonable risk assessment would have found anything actionable until yesterday.

Payroll being delayed a few days is indeed annoying, but it's not the end of the world.
FWIW it sounds to me like you're using what effectively amounts to fancy 3D printf, eh? In other words logging/printf help "visualize" non-geometrical entities.
> The only thing that matters to that bank is that they have enough reserves on hand to cover the amount being withdrawn on a given day. It doesn't matter where that money goes.

As I specified in my original comment, a systemic panic, rather than a specific panic at a single bank would result in mass withdrawals, but a roughly equal number of deposits (from panic withdrawals from other banks), because we live in a largely cashless society. That is the point. The system isn't crashing down.

A niche bank like SVB was always more liable to have a run and should have been better capitalized than a normal bank. This is because probably close to 100% of their clients had other primary bank accounts that they could instantly transfer funds to, whereas an exodus from something like Wells Fargo would require tons of people to set up a new bank account.
Cruise ships are trending, maybe not in a good way. Ew.

https://www.cbsnews.com/news/ruby-princess-cruise-ship-sick-...
https://news.ycombinator.com/item?id=35023667
Wow. I am guessing they discovered this mess in early 2022. The CRO bailed or was pushed out. They couldn't hire anyone qualified, once they've seen the balance sheet (or were refused to be shown the balance sheet, which would be a red flag). Tried to unwind the position throughout the 2022, but couldn't, with the rising interest rates.
haha. Unexpectedly funny.
Avoid holding cash above deposit insurance limits. You can play the account titling game as well as use multiple institutions. There are some banks that promise to spread your funds to multiple banks to get coverage; but you need to be sure you don't use those underlying banks elsewhere, etc.

For stocks and things, you've got some options. For best protection, you would want to have your stock ownership registered on the books of the company; you might be able to make that happen with a full-frills brokerage, ask about holding stocks not 'in street name' or you might have to transact via the registered transfer agent. Expect that to result in paying comissions and hassle.

If you don't want to go that far, making sure you don't have a margin account is a good step. Brokerages generally have to maintain customer deposits and holdings separate from the brokerage's propriatary holdings, but not necessarily for customer's margin deposits. Anyway, one should always be careful with margin.

If a brokerage fails due to their own poor investments, it shouldn't impact your holdings. Of course, if they fail due to poor record keeping or fraud, your holdings may not actually exist. SIPC provides some insurance that may apply, but the limits aren't very high and there's not that many credible brokerages to spread your holdings among.
What about a society where everything you see, read, and write, is logged in some central database, to be used, or not, for purposes unknown to you? The Stasi spies were such a great idea that we want to keep them, but much, much more powerful?
Wool has a protective layer of grease, the same thing that makes your hair feels "greasy" if you don't wash your hair for a month. This grease is washed away during wool processing and sold as lanolin.

And also, the degradation that you see on sun-damaged clothing is mostly on the dye, not the underlying fabric itself.
> It's not like they don't have the capital.

I'm not sure you have the right scale in mind. The shortfall associated with this bank may be into the tens of billions. That's a monstrous sum even for SoftBank.
Market segmentation makes sense in principle. If Joes Bait & Tackle shop wants to use your font, it makes sense that Joe should pay less than Google. Unfortunately, for an intangible digital thing like a web font, coming up with a payment scheme leads to all kinds of absurdities.

That said, I think once you get to pre-paid expiring page views, that's a sign that we've entered the realm of insanity.
I remember upgrading Ubuntu a few years ago and then having it reboot to a command line error, then spending the rest of the day finding some XML file that was now malformed and fixing it. That was a ton of fun :-P

To be fair, it was kind of my fault. I had made a modification that wasn't quite right, but the new version of something couldn't handle it anymore.
For a company that got so much out of NGINX for years this is disappointing.
It's just fraud, demand deposits shouldn't be lent out.
this is a lie, I am petty sure. why are you posting this stuff
Going straight to 'software engineer' is hard IMO. Unless you graduate from a 4 year degree in CS or have an internship or some other real professional software design experience, I think it's a hard field to break into.

You might want to aim lower initially. Help desk or field rep for a tech company, etc. Ansible, terraform, linux automation, those kind of jobs are more widespread than straight software development jobs.

If you want to go straight software, there's lots of jobs in Java.

IMO, front-end javascript devs are disposable and that's what everyone tries to do because it's less abstract. Backend languages are where the money is.
Sure, but they don't have unlimited ability to make loans. They are subject to complex balance sheet constraints. And it's cheaper to borrow money from depositors than the Fed.