skysight-inc/HackerNews huggingface dataset:
Looking at the bigger picture, I do not know if this was the correct decision. The depositors were bailed out (it wasn’t just a liquidity issue) and the FDIC is paying for it.

This means all FDIC members will need to pay less interest on deposits to make up for increased FDIC insurance cost.

This will increase the speed with which people take out deposits and put it into e.g., short term treasuries because they get more interest. Enabled by easy-to-use fintec made in Silicon Valley.

This will decrease bank profitability.

And this is on the “Liability” side of the balance sheet. If the FED is successful in causing a recession surely there will be a lot of insolvencies (people swimming naked etc.) and there will be problems on the “Asset” side as well.

How can this end well? We just failed at most easy hurdle here.
SVB had more asset than liability, at least on paper. They were not able to be solvent selling on open market in the time it had, but perhaps that can be done by a bigger bank over longer period of time?
Nice thing is we know exactly who caused and participated in the run.

Why not charge them for the mess they caused ?
> Banks similar to Silicon Valley Bank are essential because they undercut BoA, and prevent the "Canada" situation.

There are plenty of small banks that didn’t ignore when Powell/the Fed were repeatedly saying “inflation ain’t over, interest rate hikes are coming.” We talked about this in another thread. What SVB did wasn’t essential, smart, innovative, etc. There is a reason they are crumbling so catastrophically. And I’ll give you a hint: it wasn’t due to a bold vision or new ideas or being disruptive or whatever.

Simply put: SVB was reckless and went against known information.
> > We are also announcing a similar systemic risk exception for Signature Bank, New York, New York

Signature was another bank whose business was primarily in a volatile and risky market:

"Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year..."

https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-s...
It's not clear whether the assets are enough to make the depositors whole. It sounds like the FDIC is making up the difference. Which it normally would not.

That's the bailout part. If the government is stepping in to bail people out via making up for any difference of uninsured deposits from FDIC funds then it's no longer a question of risk/being wrong/luck. The depositors were taking risk just as the shareholders were taking risk. If they didn't like it, well they could have kept the money in their mattresses.

I'm totally with you that everyone has to accept the risks they're taking. This is creating a distortion field here for certain types of risk taking.

Even if we ignore the bailout, I don't think the story is as simple as you put it. There was a run on the bank with VCs telling companies to withdraw their funds. From a stock market perspective this could be considered manipulation.

When I invest in a bank I'm also relying on the government's role as a regulator. If they failed in their role, or the government actions contributed to the failure of the bank, or they had other courses of action, why should I be on the hook for the consequences?

Maybe this course of action was necessary to stabilize the situation and protect against more bank runs. It still doesn't feel right. It feels like something we'll pay for in the future.
First Republic Gets Additional Funding from Fed, JPMorgan
One part of the bailout is depositors over $250k getting a new FDIC guarantee. The other part is the fed reserve promising to accept collateral at par instead of market value via the new BTFP. https://www.federalreserve.gov/newsevents/pressreleases/file...
I was sincerely hoping I wouldn't be the first person to notice the useless use of cat. https://en.m.wikipedia.org/wiki/Cat_(Unix)#Useless_use_of_ca...
What is an editor in "modern parlance" then?
> It seems to me, your financial advisor should've had a plan for rolling this cash through CDs or short term bonds and distributing it across multiple institution to decrease your exposure or at the very least increase your FDIC insurability.

Who do we hire to plan and manage this process to ensure we have adequate cash flow? Why would any small or medium size business take on this overhead? When some other part of the financial system endangers whatever mechanism we were using here, will you be back asking why we didn't just keep money in a bank somewhere?

I'll be blunt: You're not that smart. You're not that experienced. You're not an expert on managing "FDIC risk" even if you read about it this weekend.
I think I will judge him on what he actually does and not on nonsensical hypotheticals
… which is why Signature Bank was also placed in receivership this weekend. The contagion was spreading, if they did nothing there would be runs on a number of banks tomorrow. There still may be runs tomorrow.
That's fair, thanks for updating the readme and making this tool. It works for me when I run it interactively, and I plan on using it a lot!
I ran "npx dalai llama" and it's just... sitting there (after I hit "y" to confirm). I checked btop++ and there's barely any downloading or CPU activity occurring, so not sure what it's doing... but does "pip3 install torch torchvision torchaudio sentencepiece numpy" take a while?

If it's actually downloading the 3.9GB of model weights or whatever, it would be pretty cool if it showed a progress bar of some sort. Stretch goal, for sure, but a very nice nicety for users.

anyway, I'll leave it be and check on it to see when it's complete. Super cool if this works!!
Some of the media coverage:

https://www.theguardian.com/business/2022/oct/05/over-330000...

https://www.independent.co.uk/news/health/austerity-thousand...

Some of the research:

https://openaccess.city.ac.uk/id/eprint/21490/1/‘Dead%20peop...

https://bmjopen.bmj.com/content/11/10/e046417

There's a mountain of evidence that the policies were democidally harmful and economically counterproductive.

Although they did increase financial inequality - which some people seem to consider a good thing rather than a bad one.
Some fonts—like Inter—do this, but I see people complain that the font isn’t rendering exactly what they typed.

My favorite is that it will render 1920x1080, for example, as 1920×1080. I think the former looks terrible and unprofessional, especially when I see it in actual products rather than prose. So I really hope this catches on.
I am not sure how in a totally integrated free market world, a country like UK can compete with US or China. The amount of funding US can put into new areas like green energy and the internal market and capital it offers is something UK can't compete with. This is why UK origin founders are one of the biggest cohort of immigrant unicorn founders in US.

Although, I am not sure where a Brit would move to, if they want to have similar social systems. Most of the EU also seems on the path to decline as well.

Also, unlike say a German or a French expat, a British expat would have little problem moving to US, Canada, Australia or NZ as there is little language or culture barrier, so if those countries do well, why won't a skilled Brit just moved there.
> The "changing the world" talk is just as hollow as corporate business talk.

The changing the world talk is just corporate business talk.
> the five local authorities with the highest average life expectancy can expect to live 83.6 years, which is nearly 10 years longer than the 73.9 average in the five councils with lowest life expectancy at birth.
https://www.theactuary.com/news/2022/08/24/uk-house-prices-s...

The average age in the UK is lower than the EU.
So what I say. These things aren't one guy. Lots of people end up on multiple failed teams but you can't say they are bad luck and very rarely that they caused it somehow. So this by fact by itself is meaningless.
I am a 6-figure front end developer, work with typescript daily for the last 3 years.

I didn't follow any of that shit. The fuck is an 'n-queen'? I don't think I learned that in my coding bootcamp.

Is that a bad sign?
In a megacorp, an SRE in production would have to deal with a rare error condition which the compiler tried to complain about.

But in a smaller shop, oncall are developers, that is, ourselves.
Sam Altman, Vinod Khosla say they’ll personally loan cash to startups
Beware that, depending on country and indeed specific university, some will attempt to claim ownership of IPR you develop as a student while studying for a PhD.

This isn't across the board, and different institutions have completely different approaches, but certainly in some countries there may be terms contained in PhD funding project. In some countries, a PhD studentship is treated formally as a fixed term employment with contract. In others it isn't. It's worth checking if they have any claim to ideas you create while working on your PhD, as you might want to be very careful to stop having ideas for a while if that was the case...

That the topic is unrelated to your dissertation may not be relevant if there is such a clause, but you should probably check this out, in addition to considering the "acceptable IT use" agreement or whatever your institution has in place, to see if they disallow use for personal business.
Jesus, they have an A3000 in a shelf, and not in use.
Capnproto Serialization and RPC Lib
RPC done right!
I use Zsh at home, and PowerShell 5 (for DSC 1.1) and 7 at work. I love both. I would almost be tempted to use pwsh as my main shell on Linux, but I am too attached to Zsh’s amazing RPROMPT!
You don't need to pay a bank higher fees for the bank executives to make adequate financial decisions
I haven't tried DBT, but I have had very good success with talk therapy/CBT with a trauma-aware therapist. I realized that much of what I had been working on in therapy was covered by the book, but the book revealed some areas where I was still on the very side of pessimistic, and I'm now taking more active steps to address those areas.

Wishing you the best on your journey.
> I’ve fallen into something of a cycle of adding packages until I’m annoyed by things breaking

Dependency hell is very real and doesn't just affect Emacs. I simply version my entire Emacs (back since when Mercurial was a thing) config so any SNAFU that'd happen when I try a new package is one checkout away: I just reset to the last known good state and call it a day (for that package).

I've got about 3 000 lines of custom elisp code and everything works fine.

I don't disagree that bare Emacs and Elpa works well. Now that use-package is shipped with Emacs I eventually switched to it. Took a while but it's been smooth sailing.

I really heartedly recommend people to version their entire Emacs config in Git. Some shall go further and recommend to version your entire home directory for that matters. Or to use something like Nix.

I'd say any of these options is fine as long as "going back to the last working config" is one command away.
Do you think doctors should be responsible for patient deaths?

What of they killed the patient out of negligence, and they were drunk on the job?

These people can be high, drunk and negligent simultaneouslyHl, and they are still untouchable.
That will break the economy, so Congress and Fed will have to jump in to provide the liquidity required. Like in 2008
I have been reading about this topic recently and still don't really understand how 'new money' is being created. In a loan, the bank creates an IOU that didn't exist before and doesn't point to a stack of $$ on the shelf. But it does point to the bank, and the bank itself has tons of customer deposits. And if I take that IOU and give it to a car dealership who puts it in their bank, for the transfer my bank will take actual money from the general pool of customer deposits. AND I have to pay back the loan which goes into the general pool. So while specific money isn't earmarked, the IOU represents money that the bank has right?

I guess a way to ask the question would be: if i were to liquidate all assets of a bank and call in every loan, would that be >= all customer deposits?
The Australian public broadcaster open sources all its infrastructure for their interactive features: https://github.com/abcnews

It's all very bespoke.
looks like there's no ATC coverage in my area by anyone... what would be the best (and cheapest lol) way to broadcast my local airport?
> You will lose far far more if the public loses faith in banks

Maybe so. But I think we should be honest about what this is: a bailout of the banking industry.
Yes, this is why unsafe exists. It tells the typing system to take a hike and let the natural Turing completeness of types happen. Trying to explain to people who don't understand higher order functions that types are the first rung of an infinite ladder of meta languages is like trying to explain the colour blue to nematodes.
Counterpoint - this is the type of risk that should be abstracted in our system. Screwing around with cash management for risk avoidance is yet another layer of effort that shouldn’t be passed on to the consumer (business or individual) which is the result of an old system that doesn’t exist anymore where a community bank had a comprehensible level of risk and reach.
You are oversimplifying their argument. People are suggesting that people use more than one bank or make a service that involves using more than one bank not necessarily infinite banks. It isn't necessary to choose between zero risk and existential risk. You can with only modest effort achieve moderate risk.
https://www.sdworx.com/en-en/about-sd-worx/press/2018-09-20-...

”In terms of distance undertaken, one fifth of Europeans (23.3%) travel, on average, further than 40 km or even more each day”

24% of Americans have a 15 min or less commute versus Europe which is 29%.

Not that different. Sure, the mode of transportation is different, but not time spent commuting.
If the roulette spin hit double zero and the government didn't step in, it's not the bank CEOs who would be eating cat food.
There is a persistent misunderstanding here. The equity of the bank itself is not particularly interesting, given its usually a small fraction of deposits managed. No, the bailout part is them covering deposits over $250k, the limit plain to see for anyone that has ever entered a bank.
lol @ the hackernews commentariat learning that the ideal CEO isn't just some ascendant version of a rockstar coder that makes gantt charts.

> suddenly it's a CEOs fiduciary incompetence that a seed round isn't distributed amongst 16 banks

Yes. There's no "suddenly" to it - you're describing well-established fiduciary responsibilities. A CEO's responsibility is to delegate those tasks to someone like a CFO, who _absolutely should_ incorporate a strategy that balances liquidity with stability. The CFO also has a responsibility to see just what, exactly, a bank is doing with their deposits and make a determination about the associated risk. And yes, it is very normal to park money in various accounts and instruments as part of that strategy.

It is deeply distressing that half the comments here and abroad think this is some absurd, unattainable standard instead of the operative norm for the other 90% of the economy that doesn't get treated like a miracle baby for simply existing. You're not running a lemonade stand, and witnessing self-anointed "innovators" screech for a bailout because they somehow accrued millions of dollars in investments without ever learning about private deposit insurance or Cash Sweep or T-bills goes a long way to explaining why the majority of these goofs fashioned their Twitter bios into graveyards for failed ventures.
The good thing about trading the livelihood of future generations for the livelihood of the current generation through reckless spending is that the future generation doesn't get a vote.
A mean reserve requirements are stupid and have no place in real risk assessment so that's a good thing.
In the other professions which use the title "engineer", all of these are commonplace.
Smart pointers in C, wow, who would imagine? Although I must say, I'll probably never use this in a project because:

- Using C for anything but systems programming is either malevolence or for fun, there's no pratical reason for it. In this case you probably don't want to have external dependencies only to have data structures.

- Having dependencies in C is an absolute pain in the ass unless it's a single header file (such as sqlite). It also makes it much harder to make the codebase portable.

I might try it out though just for gigs and laughs.

Tangentially, I wonder why more C developers don't use self-contained dependencies such as GNULib [0], Klib [1], or APR [2] instead of reimplementing base primitives. It's so common for C projects to reimplement every single thing from scratch. "If you want to make a pie from scratch, you must first invent the universe" kind of thing.

Managing packages is a pain, but reimplementing an efficient battle-tested hash table is even worse IMO. Would be happy to hear it from people who worked (professionally) with C about this.

[0]: https://www.gnu.org/software/gnulib/

[1]: https://github.com/attractivechaos/klib

[2]: https://apr.apache.org/
SVB didn’t take excessive risk in any reasonable framework. If you think buying treasury bonds and vanilla MBS is excessive I would love to understand what would be acceptable risk.
>SpaceX wasn't worried about any of these issues until...

If they weren't worried about these issues, why are they very explicitly spelled out in the Starlink terms of service?

The issue came up because Ukraine violated the terms of service by using them as command/control of an explosive drone boat system.
You're just making things up.
Something that let's you press keys really fast.
It's important for everyone to know that our tax dollars will be used and/or the value of our meager assets will be inflated away in order to soften the loss for people like Mark Cuban.

I'll sleep better tonight.
It’s downloaded over a Torrent seems fine
I'm sorry but if this "revolution" was designed to change behavior, it was an abject failure.

"Quiet quitting" was concocted in a board room to get people to do their jobs and stop complaining. If you're an employer, you want a team of "quiet quitters" who will do their job and nothing else. It's infinitely easier to manage...
Something important, is that LLama was leaked, it was never directly published by Meta.
So its basically piracy, and even if you got it officially, the license is very restrictive.
Deposits not covered by asset sales should be covered by a tax on Peter Thiel and Gary Tan.
I don't get it. What are people crying about? In the 08 crisis, everyone complained that the execs and investors were bailed out to save the system but the homeowners were wiped.

This is the exact opposite. Execs and investors are wiped but the average depositor is saved.

I can understand the anger at the bank run orchestrated by "sophisticated" VC group-think. But given that it happened, this is the BEST OUTCOME that the government could have come up with.
Looks like you're right, this is breaking their TOS:

>4) Since there are only limited numbers of connections available for streams, and because the site is funded through advertising and donations, you agree to consult LiveATC.net prior to linking directly to any of the audio streams. When you do link you agree to give credit to LiveATC.net with a prominent link to www.liveatc.net.

Not nice.
I don't understand why a cash only account, where the banks cannot use the money, does not exist.
Warp looks cool but surely you can get that sort of autocomplete/“intellisense” (for the C# folk) in any terminal e.g. Konsole or iTerm and save some money
>there isn't an actual loss here as long as it encourages people to not withdraw money early.

This is like saying you loaning me 50B for ten years is zero cost as long as you get it back at the end.

It ignores the fact that you have to come up with the money, and once you have it, you could put it somewhere with an actual return.

This is the exact reason SVB failed. Their 10 year investments were worth 70 cents on the dollar because there are better returns elsewhere.
Does this use the GPU? If not why? Aren't GPUs much faster than CPUs at AI?
Surely inflation adjusted they’ll be massively out of pocket if they hold the bonds to maturity.

That’s why they’re worth so little in the first place.
Any resources for new video game programmers to become more creative?
Hi HN, I'd like to do more games programming as a hobby, but I generally struggle to balance my creativity with also learning games programming concepts (I'm a full time backend SW engineer). I think my biggest issue is that art creation (for assets) is not something I have experience in, and generally game creation tutorials skip this part and include a zip of pre-created assets.

Are there any good resources/courses that provide a more guided environment, with both art tutorials and ideas for good beginner games?

I understand the most important thing is to just start making games, but I struggle to get over the hurdles of creating art and coming up with skill appropriate game ideas, any some structure in my learning might help. FYI I'm using Godot Engine. Thanks!
Very interesting! Do you transmit this metadata on a different fd, like 3?

(reading more) Super cool. Since it's Go, does that mean runtime errors will silently fail and keep chugging along? /dig ;)

Can you customize the PS1?
or you can dual boot using to a different installation of macOS or Linux using an external hard drive. I definitely do not advocate using the same installation provided by the university since it will be monitored.
> > If depositors are confident that the government has their back, there's no reason to pull money out.

There is also no reason to put the money in.

You go through the trouble of protecting your money because you deem them scarce and irreplaceable.

If tomorrow a commercial bank insured with the FDIC starts offering a product promising 20% interest, then by all means people should get together and apply in mass, get a couple of big political donors on board and all of a sudden there is no downside.

If the wacky bank keeps its promise then it's a 20% gain, if not then the FDIC will have depositors backs anyway to the full amount
I actually personally profit from this as a software engineer working at a startup, but I don't agree with it because I recognize it's unfair.

Let's say my house gets burglarized. Everyone agrees this is a bad thing and unfair to me. However, my insurance only covers $2k, and I lost $20k of stuff. Can I expect the government to "backstop" me?

It's bad that the bank got shut down and depositors might have lost some of their money, but it's not fair to expect the government (and the average person indirectly) to reimburse for this, particularly when that's not how the FDIC policy is written.

Garry Tan and all the people I listed have a lot of their value in YC and startups which have direct losses and direct benefit from getting reimbursed for losses. If it weren't for reimbursement, the effective valuation of the startups would go down, and they'd have to invest more money to keep them afloat. So he has much stronger incentives than ordinary Americans.

The stable economy might be good for everyone, but I certainly will not celebrate rich people that push for their own wealth.
Silicon Valley Bank exec was Lehman Brothers CFO prior to 2008 collapse.
>you agree to consult LiveATC.net prior to linking directly to any of the audio streams

Why jump to that conclusion? She could have consulted with them while building this.
Genuine question but if a company has 10 million where or how do they deposit it for it to be insured?