skysight-inc/HackerNews huggingface dataset:
+1 for z. one of the best timesavers available.
What a weird post.

>Lots of people are starving and homeless for as trivial a "decision" as that.

Most homeless are either severely mentally ill, drug addicted, usually both.

>I'd much rather give everybody food and a home, including the Etsy seller, instead of: giving the bankers a ski jolly, people still starving and homeless, less this Etsy seller. Why can't we do that?

You could be running a soup kitchen homeless shelter right now instead of posting on HN. It's always someone elses fault!

>Some of those entitled Etsy sellers voted against everybody having food and a home;

Great analysis and input - if we would all vote x, everybody would have food and home, problem sovled!
Also its rollout was done in the most ridiculous way possible. For a product that relies on your workmates or friends to have access, they didn't let those workmates or friends have access. Then by the time they did, the hype had worn off, and people had moved elsewhere.
I believe it will be acting as the "consideration" that UK contract law requires for a contact to be deemed valid.
SVB's assets cover an overwhelming majority of the deposits, and other banks cover the rest through FDIC. the impact on the American citizen is negligible, bordering non-existent. yes, this money comes from customers of those banks, but again, the $ amount likely translates to pennies.

when you compare it to the alternative people are proposing of doing nothing, that means thousands of layoffs and shuttered companies, and the American tax payer paying these people's salaries in the form of unemployment/welfare. this is a remarkably more expensive strain on the economy.

there is a reasonable argument to be made about the precedent it sets for banks in the future with regard to their risk tolerance; I don't have an answer to that.

anyone upset about this for any other reason just wants to be upset.
Compared to the student costs to other UK students. It is the exact same - a preferential subsidization would see medical students get a cheaper education within the UK.

It is hardly genuine comparing to the US system, which is the most expensive in the world.

What is the comparative cost to other European countries?
Fortunately, there still are some possibilities to improve training efficiency and reducing model size by doing more guided attentional learning.

This will make feasible to train models at least as good as the current batch (though probably the big players will use those same optimizations to create much better large models).
Just my graybeard opinions:

- Love the possibility to download a single-file static executable that works out of the box, without need for a bizarre install method

- Love that basic vim keybindings work

- Hate that it does not come with a manpage hx.1

- Mildly annoyed by the default look and feel (line numbers taking horizontal space so that my code does not fit on the 80 column terminal, ugly white bar at the bottom, ugly negative-contrast completion hints, lines longer than 70 columns silently disappear to the right of the screen forcing me to do very unergonomical horizontal scroll, tabs should be 8 spaces by default not 2)

- There's really nothing wrong with this program, but it just feels like a vim clone, and I don't see the point to move from vim in my case.
That is a reasonable sacrifice in exchange for a functional financial system.

For what it's worth, TARP ended up turning a profit for the government, so in my mind there's some track record of stiff-nosed decision making at Treasury. I'd feel differently if SVB stockholders were getting something out of this.
Turnover in global foreign exchange (FX) averaged more than $7.5 trillion per day in April 2022

https://www.bis.org/publ/qtrpdf/r_qt2212f.htm
Most of the time when people talk about compiled languages/compilers, they mean languages that compile to native machine code, not languages that compile to a bytecode/run on a virtual machine.
For historians its a catastrophe. After 2023, the good old roman source poison assumation is back in full effect. He who is in power can actually rewrite history. Assume everyone uses written documentation just to proof loyalty to the current computational power holder.

Truth will become something similar to the roman emperors history, a million comments, blog articles condemning past rulers and CEOs as wrong all along, while praising the current instance, with similar spam in the forgotten archives.

A species ruled by madmen, one worser then the other.
Praise be on the Bezos, who undid the mad world that reigned before.
The weight of the drawers is a pretty easy indicator for of it was emptied since last wash. Until it hits empty+10% it's still clean.
Parents work hard to provide for their children and family, often putting their own needs aside. Giving them the gift of self-care with spa gift cards is a thoughtful way to show your appreciation for all that they do. With a spa gift card, they can take some time out of their busy schedule to relax and rejuvenate their mind, body, and spirit. Whether it's a massage, facial, or other spa treatment, they'll appreciate the chance to unwind and indulge in some much-needed self-care.
Depends also on the historian. In my grad studies history courses, age/sex/race/gender was so 80s, and thought of not at all sufficient to understand history.
I implemented this yesterday using Firebase's anonymous authentication. Thank you for the tip!
> I would also like to add that the vast majority of people losing their money were not betting on a risky asset

But keeping all your money in one bank is surely a huge, obvious risk?
Rather than prop up a bank that support x number of businesses that support y number employees, you'd had the government prop up xy employees? For how long? And if another z number of banks fail? Support xyz employees?
Which countries were those?

Iraq was definitely invaded under false pretenses: "WMD".

Afghanistan was not: it really did have Al Qaeda training camps and the Taliban refused to do anything about it. Of course, you can argue that the US expanded the mission greatly from "squash OBL and AQ" to "overthrow the Taliban and turn Afghanistan into New Norway", which was doomed to failure, but the initial invasion (of the AQ camps) was justified. Don't forget, the US didn't just invade and take over all by itself: it partnered with some pre-existing rebel groups and helped them take over and set up a new government.
> mass layoffs and financial turmoil as otherwise healthy companies have to shut doors due to this bank's mistakes

Perhaps I'm missing something, but I would suggest that one key aspect of a company being able to call itself healthy is that its finances are diversified.
If the BoE took them over and HSBC bought them for £1 you can be sure that those numbers do not reflect the current situation.
Bank customers will pick up the bill. There are actually a large number of US residents that aren't bank customers or are too small to meaningfully increase fees on. This will cost money but it will be smeared out across businesses and middle class/upper class individuals.
The Bank of England apparently took over that subsidiary, so if the money is actually paid, it will be paid to them.
I think the relevant issue is that the national regulators are independent. SVBUK was (is!) regulated by the UK FCA, so on insolvency the FCA is the regulator in charge of resolving issues.
Interesting. Until now I only knew the verb "troll" as in "being mean on the internet".
But in that situation your only risk is the thing that actually happened: you have to sell before you want at a bad price. Shouldn't the reporting rules be written so that people have to consider this?
We... would like you to leave your deposits here with us.
How well do London buses match their timetables?
I really love the fact that C# is mentioned. :D

Highly interesting, how people do not see the forest for the trees and get lost in details to somewhat proof their point and digress even more. Dogmatism only get you so far.

On the other hand, it is tough to be inclusive and do justice to everyone. Good intentions are not always appreciated.
It's called a peppercorn: https://en.wikipedia.org/wiki/Peppercorn_(law)
Huh, are the assets only trading at 5B? I thought it was much closer to 150B?
There's some countries that work like what you propose.

Those are not the countries Americans are flocking to for good reason.
There doesn't have to be a CEO but there will be a UK legal entity, subject to UK regulation (presumably the PRA) and with its own board.
>the “accept all” button is often prominently displayed or highlighted so it’s the easiest to click

Yes, they try and optimize for as many people to accept.

>A previous employer of mine had multiple features under test at any time.

This isn't an issue as long as participation is chosen such as being in one group doesn't make you more likely to be in a group of another experiment.

>You also don’t think that a whole bunch of developers never thought of just removing all the stuff that wasn’t essential?

I think you are missing the point of what the law considers essential and what the business considers essential is different. If the definitions matched I do believe that developers would be removing the banner.
If I am not mistaken, the £1 would typically be distributed between all of SVB UK's current shareholders. If SVB UK is 100% owned by the SVB parent company, and SVB parent is bankrupt, the £1 will get added to the funds that will make the SVB parent's creditors "whole", who outrank shareholders in bankruptcy.

And yes, the £1 has to get actually transferred, it is important for legal certainty e.g. with regard to https://en.wikipedia.org/wiki/Consideration_under_American_l....
Nurses in the US earn at least 3x their UK counterparts though.

Same for doctors, dentists, etc. too.
“In fact, it isn’t even clear that depositors were going to be wiped out, absent federal intervention. When SVB was shut down, it still had real assets that were worth money, which can be sold to pay back investors. ”

Would conservatives suggest investors really should be paid back first? Unlikely to be popular.
Yes but as with roads and other infrastructure, building is easy and shiny, but what makes them useful in the long term is maintenance. A very boring and seemingly unprofitable task. But the essence of being.
For someone considering trying Neovim, the main obstacle is the abundance of GitHub projects promising an effortless way to get started. This abundance can lead to analysis paralysis, making it challenging to choose a path forward.
> I just dont understand why is this "PhD level"

It would have been if the papers covered were closer to the state of the art.
The most recent one is from 2015.

However, this course would actually give you the background required to read more recent paper and work on compiler research, so calling it PhD level is not a huge stretch.
Like, for example, having a vast majority of deposits from an industry that is quite unstable and rumours travel extremely fast?
Automatically detect external monitor position with speaker and microphone
> depositors did not choose to make risky bets, the bank did

Umm, any and every bank deposit in excess of the deposit insurance limit has a risk associated with it.
Yes and no. There were 4 stages in this drama. 1. Build up where books became imbalanced 2. Imbalanced maturities draining liquidity 3. Liquidity issues being prominently voiced causing bank run 4. Aftermath.

Once the situation evolved from stage 2 to stage 3, the liquidity hole expanded from ${gap-in-maturities} to roughly ${total-deposits} and that is only to contain immediate issue, fixing books would have possibly required additional capital.

You are probably right, a bigger bank with liquidity could have saved SVB at stage 2. However, the situation evolved from stage 2 to stage 3 too quick for any meaningful deal to take place while still in stage 2.
Here's a relevant article about it: https://www.economist.com/business/2023/02/20/global-firms-a...

Some quotes:

"under a weighty combination of commercial and political pressure, foreign companies are beginning to pluck up the courage if not to leave China entirely, then at least to look beyond it for growth. Chinese labour is no longer that cheap: between 2013 and 2022 manufacturing wages doubled, to an average of $8.27 per hour (see chart). More important, the deepening Sino-American techno-decoupling is forcing manufacturers of high-tech products, especially those involving advanced semiconductors, to rethink their reliance on China."

"This alternative Asian supply chain—call it Altasia—looks evenly matched with China in heft, or better (see map). Its collective working-age population of 1.4bn dwarfs even China’s 950m. Altasia is home to 155m people aged between 25 and 54 with a tertiary education, compared with 145m in China—and, in contrast to ageing China, their ranks look poised to expand. In many parts of Altasia wages are considerably lower than in China: hourly manufacturing wages in India, Malaysia, the Philippines, Thailand and Vietnam are below $3, around one-third of what Chinese workers now demand. And the region is already an exporting power: its members sold $634bn-worth of merchandise to America in the 12 months to September 2022, edging out China’s $614bn."

"Altasia will certainly not replace China soon, let alone overnight. In January, for example, Panasonic announced a big expansion of its Chinese operations. But in time China is likely to become less attractive to foreign manufacturers. Chinese labour is not getting any cheaper and its graduates are not getting much more numerous. America may yet realise that reducing its reliance on China in practice requires closer ties with friendly countries, including membership of the cptpp, the precursor of which collapsed after America pulled out in 2017. And as a budding alternative to China, Altasia has no equal."
Thanks @ycitm. I learned a lot from this post!
Here you go: https://users.cs.utah.edu/~pandey/courses/cs6530/fall22/sche...
If Filevault is turned on, and they can't spy on your work, go for it! Just back everything up, because they can lock you out at any moment, but they shouldn't have access to your data. They would just wipe it when you return it.
Don't have the code around but using a cheap NFC sticker at multiple places in my house to pause/ resume audio. I'm using a RPI with mopidy and made a small microservice that does the pause/resume when triggered. Super handy when I want to leave the apartment and come back to my music.

A GET request (by the phones browser) is sent when I "touch" the phone to any of the stickers, the backend is a simple nodeJS express script that listens for GET request on a route.
Buying for £1 is a common thing in the UK for companies in distress. In reality it’s worthless so should be £0 due to the mountain of worth and risk they need to wade through to realise the value, but UK contract law requires some kind of consideration (I think that’s the right term, my contract law for engineers module was a while ago now) for both sides otherwise it’s not a valid contract.
Everywhere has problems, I've lived in many countries.

I never moved back to the UK mainly because of the cost of housing though, it feels like such a rip-off - like almost US-level prices, but nowhere near US-level salaries or Scandinavia-level new build quality, etc.

But really everywhere has issues, once you move abroad you'll see how much you take for granted - language, technology, etc.
It's possible the bank is only a "little bit" insolvent. Is it not possible that the difference can be made up by wiping out shareholders and giving unsecured bondholders a haircut?

Per Robert Armstrong of FT: https://www.ft.com/content/9ee5edda-a038-4992-863f-242bd69c8...

https://archive.is/OQdR7/43e461dad99a58217efdfde3878ee6b56cc...

It looks as though SVB may be "only $5 billion" short on its uninsured deposits, with $22 billion in other creditors
This is like giving every individual on Earth the nuclear launch codes, without the warheads being attached to launch rockets.

To do serious harm or have broad social control requires concentrating that power with an infrastructure that a small group does not have, it requires coordinating the resources of a broad social base. And at that point the incentives to use them are affected by the needs of many people.
Aside from the fact that all the bigwig AI doomers are freaking out about this (Eliezer of MIRI/LW/EA.. claims that people having kids today will live to see their kids in kindergarten), how much of an advance is this really ?

I mean okay, so you trained something to replace all those cheap labour in India/Phillipines, who probably didn't understand English any better.

What does this mean though ? Folks like Emily Bender etc. are unconvinced that this is a very big leap in terms of working our way to AGI.
Just wondering, if they know for sure that they will be sued afterwards, why would they sale their stocks? Why not do nothing and live with what they already have? Is there a possibility that they can get away with it?
I finally managed to create a habit out of RSS after years of trying. What worked was,I know this may sound obvious, using a phone based reader instead of a desktop. It's like a categorizable, algorithmless social media feed now, full of content that people spent more than a few minutes writing, and it's great. Aside from regular feeds I feed in HN through hnrss.org, YouTube directly, and the odd twitter account through nitter.net.

For an RSS client i use the excellent Feeder

https://play.google.com/store/apps/details?id=com.nononsense...
Making depositors whole isn't coming from taxpayer money, it's coming from FDIC and potentially higher fees on banks if it's needed as a function of the end result of SVB liquidation.

But even if the only option was to use taxpayer money, clearly it would be need to be done. If depositors weren't made whole, this week would've been a disaster with multiple bank runs that could cause a huge systemic issue. Eventually the fallout from such an event would bite the economy and the average taxpayer very badly.

The amount of money required to make depositors in SVB whole is negligible compared to the potential damage not doing so would cause, so it doesn't really matter where that money comes from.
"KYB" now means "Know Your Bank". :-D

More seriously, you don't need to do extra due diligence. Just buy insurance for your funds above $250K. Or use standard treasury methods like using institutional insured liquid deposits or sweep accounts.
"The entire economy runs on the idea that banks are fundamentally secure"

We should organize bank runs more often to verify that statement.
At some stage it will be completely empty[1], so it should be possible to weigh the contents.

[1] No readonable person could possibly consider begin to fill it before it’s completely empty, right?
do you expect a company with $100MM in the bank to bank with 4000 different banks in order to keep their cash secure and insured?
Yes, that's 15 minutes that could have been saved.
This sounds like a win-win. No need to imply it is a zero sum competition.
Right after undergrad.
I think you might want to consider Dune http://www.abelay.me/data/dune_osdi12.pdf
Europe is far worse for everything being designed to serve the wealthy though.

Income tax is 40+% and VAT usually 25% so you lose so much income to the state.

Meanwhile there is often no property or inheritance tax, and capital gains tax much lower than income tax, so wealthy aristocrats and landowners pay a far, far lower amount of tax proportionally.

It's just that the wealthy in the US are mainly industrialists, whereas in Europe they're landowners and aristocrats.
Partially unrelated but somewhat related.

I would say that people forgot that money is attached to the concept of value and we saw in the previous 5 years lots of speculative markets and businesses exploding in value.

What we are seeing now is, unfortunately to us, an adjustment.
How do you verify precision of the simulation?
I've got something similar, though I've so far not left my bed due to it. I'll half-wake up in the middle of the night and have some random task around my bed that absolutely must be done. I'll usually wake up the next morning remembering everything with perfect clarity but deep confusion as to wtf I was thinking.

e.g. I've woken up with a need to remove by bedside lamp from the wall, which I managed to do without damaging anything. Still no clue why the heck I felt the need to do that but I remember doing it perfectly.
If lots of millionaires were losing money, everyone would say that the should have known better and had finance experts help them manage their money.

But somehow the same doesn't hold true for companies.
So how many of you actually pay for and fund a sustainable alternative like Feedly or Old Reader?
When I did my undergraduate degree, you could opt to do that for 1 extra point. Compiling for an ISA is not that much more difficult than compiling for a bytecode IR like that of Java or .Net which I imagine is the typical target of these courses.
Alright, now what about this:

> Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

That sounds a lot like some type of bailout to me. What does "make funding available" mean? Where does that funding come from? It's going directly to banks, not to depositors. How does that work?
> where does real innovation come from in the US (and the West more generally)?

Chinese-style surveillance tech, unironically. The next great experiment after social media is the increasing use of tech to control people with an personalized granularity that free-market capitalism (or even MMT) could never dream to achieve.

In other words, the plot of MGS2.

For obvious reasons all this is unpopular here. But regardless of feelings, it is the next logical step.
This uses more energy than needed. I only try to run full loads.
I actually used to hack on vanilla Emacs but then I switched to Doom Emacs. Why? Because, like many others, although I am interested in configuring my editor, I am also interested in getting on with my work. With Doom Emacs, if I want to install support for a certain language, I need only uncomment a line in one of the config files, run doom sync, and then support for that language is installed. But you're not really sacrificing any customisability so you still get all the advantages of working within Emacs.
Every bank account holder was made to pay insurance premium for those with more than $250K in a couple of banks. And this was done AFTER the risky event the insurance covers has already happened. This absolutely is socialization of losses, while privatization of profits goes on as usual. Good reason to be upset, IMHO.
I don't know if you noticed, but the economic system you've built outright punishes companies and their CEOs if they don't extract maximum value and follow the herd.
The trickle in invitation system with which they made it public was such a glaringly obvious mistake it still makes me mad.
So many people I knew had accounts there but stopped using it because their friends weren't there or by the time they could join their friends had already left because in turn their friends weren't there.