skysight-inc/HackerNews huggingface dataset:
Can the banking system learn from this and improve? For sure it can and that would benefit everyone. But we cant retroactively change the rules. In fact you can argue that people would vote more pro-legistation if something like this was allowed to fail like it should and that would protect more people in the long run.

And yes if an insurance fund pays for it then I am all for it. Someone other than the taxpayer has to foot this bill thats all.
The execution is really nice!

But,there are already browsers and web guidelines to make this possible without specific single purpose apps.

Why would I use this over for example, Lynx?
It does not make sense to let bank shareholders profit from having an implicit guarantee of federal taxpayer funded bailouts.

The bank’s owners have to pay $x for buying FDIC insurance of up to $250k per account per person. If it actually costs $y > $x to insure for more than $250k, then that is quite a windfall for the bank owners at the expense of federal taxpayers.
I think a 100% depositor recovery rate seems very likely here.

Interesting to think about future rules -- would they limit the 100% guarantee to banks who pass the >$250B protections thst SVB lobbied to remove for $50B-$250B banks?
Your reasonable expectation is not and should not be underwritten by the government. You are in fact asking that your risk be socialized.

It's bad enough to be asking for a bailout, at least be upfront that you're asking for a bailout.
Isn't this just exactly what the FDIC is? The vast majority of people do not have more than $250k in deposits sitting in cash. More than that sitting around in cash wouldn't be a prudent financial decision anyway, since putting that capital to work (even in very safe investments), would yield a better return.

Those that are below $250k are taking effectively zero risk. The worst case scenario is possibly losing access to funds for one business day before the FDIC returns deposits up to the coverage limit.

This is, of course, without playing games using sweep accounts or other instruments.
Weird that people were cheerleading digital monkeys on digital vessels though, which is the same exact thing.
People still take Adam Neumann seriously?
> If my house burns down and I have $250K of home owners insurance, do I get the rest covered by the Feds?

Not on your home, no.

But if it were your factory and you were responsible for a respectable percentage of the workforce being able to put food on their tables, I would hope a gov entity step in and try to reduce friction for getting the factory back on its feet.

And again, that reduced friction doesn’t need to be a check to you, it could simply be forced asset sale.
> They had to do something with the deposits. There were so many deposits because of gov and Fed policy. There was no demand for loans because there was free money everywhere.

Easy, buy treasury bills. What? They don't pay interest through the nose? Guess SVB is not getting double digit revenue growth this year, and you're not getting that big bonus. So sad. Anyway.

> SBN isn’t the only bank in this position. I read a NYT article from 2021 describing this situation and like every bank is in this position.

Link? Also I am quite sure most other banks had the good sense to understand that they need to hedge against interest rate risk.

> Interest rates whipsawed from record lows to 20 year highs in 12 months. No one was ready for that. This is all because of gov and fed policy.

Yes, and gov and fed policy was there to address acts of God (aka COVID) and Putin (aka the Russia-Ukraine war). Should we send a list of demands to them?
It‘s not unreadable, just a tad more difficult. And as others have pointed out, there are other ways of making it easier again than using a specific character.
But the real point is: The information transported in both examples did not change its meaning and will be understood by the reader / receiver in both cases. If it‘s not, it matters. As long as it is, it‘s pedantic.
I'm not against Red Hat but the sentiment that they are ruining Linux is not that uncommon.
Different rules for something that could risk systemic failure, more like.
Indeed. The bank was trying to raise money and recapitalize itself several days before this and instead of investing, VCs panicked, told their portcos to withdraw immediately, and started a bank run.
Then maybe banks should be required to have private insurance for accounts with balances above $250k? More conservative banks would pay very little for insurance while banks that take on more risk would pay more for insurance.
I remember when I believed in bastions and DMZ. Many companies have given up on this due to the fact that it can only be enforced by policy and not by tech
> “Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said.

The headline is misleading and much of the discussion I’m seeing is based on that. Looking at the quote, there’s no mention of whether or not depositors will be bailed out.
In fact color games on the Europlus were a pretty limited market for this reason[1]. Apple's artifact colors were difficult enough to manage for one framebuffer style.

To be fair, they were also absolutely groundbreaking. The VIC-II palette being described in the linked article shipped in the middle of 1982, and recapitulated a bunch of ideas from Atari's 1980 CTIA/GTIA chips. But I can boot a copy of Ultima V on my II+, a AAA title produced in 1988, and watch it display on framebuffer hardware that is almost completely unchanged[2] from what shipped in the summer of 1977!

[1] Also just the general delay of arrival to non-US markets and the higher price meant that Apple had a much smaller share. Europe for sure was a Commodore world, not sure about Brazil.

[2] The first few thousand boards shipped lacked a delay latch that allowed the high bit of a framebuffer byte to select the phase of the NTSC color. So extremely early Apple IIs had only four colors available and not six. As you might expect, Woz distributed rework instructions for owners to add this themselves.
This is a beautiful example of the biggest current problem with DAOs and all (and I do mean ALL) crypto projects which aim to interface with the real world (i.e. all projects not doing with purely abstract stuff like DeFi-like tokens, and closed systems like "metaverses"): THEY CAN'T.

They really cannot interface with the Real World, without leaking real-world problems into the "perfect" smart contract-driven crypto systems. They can't interface with the real-world financial systems (with stablecoins) and expect it to be always stable (see USDC), they can't interface with people doing real-world chores/tasks and have it reflected in blockchain brownie points aka tokens (like socially-useful DAOs like the one in the article), they can't interface with logistics where people and machines do actual work and fail unpredictable (like blockchain tracking of the supply chain), they can't authenticate artwork purely on blockchain (without paying actual people to guard the artwork), etc.

They just can't. All projects claiming they can are pure scams (of course, I'd be very happy to be proven wrong).

The nearest we can get to having perfect digital systems like cyptoanarhysts and cryptobros (sometimes there isn't any difference) advocate is to give up on the physical world and actually move everything into the metaverse where it doesn't depend on real world messyness, but then a) people will still find ways to mess things up and b) this Matrix-like system still needs electricity.

Just... embrace the messiness. You can't really escape it. Crypto is not special. Blockchains are useful tools, but so far, systems based on them they have not been proven to be strictily better than real-world messyness.

The best use cases for blockchains are those which don't really earn a lot of money for the operators, such as tracking publically visible official data - like university degrees, corporate tax returns and financial statements, fighting fake news, etc. - so they are avoided like the plague.
Founders aren’t the only ones who can make an 83b election. Regular employees can do so too if they’re allowed early exercise.
Health wise margarine's much better for you than butter, that's pretty uncontroversial. Partially hydrogenated margarines contain trans fats which are terrible for you, but they've been off the shelves for literal decades now.
why would you take the brand delorian and the NOT USE the only thing that is iconic which is the DMC logo?

crazy
PREDICTION: brute-forcing human intelligence only asymptotically approaches the genuine article.

Shiny tech will provide copious benefits, but cannot be what it is not: organic genius.
Not even AI: http://whatthefuckismysocialmediastrategy.com/
Whether or not depositors get their money back, or even have access to it in a timely manner, I think one lesson for me is how important it is to have a contingency plan for banking.

It doesn't cost much to have a few month's (or even just a few weeks) worth of money at a second backup bank, but it could be a lifeline in the case of your primary bank going belly up.
Actually I gave up milk for mainly health and digestive reasons. Environmental and moral reasons very much second, but still there.

I'm aware of the ongoing debate around the true environmental impact of milk alternatives to milk. My family were also dairy farmers until the late 90s when it became economically unviable in the UK without moving to an intensive barn kept model they refused to transition to. So I'm also aware of the economic impact on farmers over the last 30 years.

Very fond memories of going to watch the cows being milked with my grandfather.

Dietary choices are a personal thing, all the new options are only good for that (not withstanding misleading advertising).
Using AI (and Humans) to Predict the Oscars
Each time we learn new things, impose new regulations, and make new mistakes.
People want their eggs and milk privately, but when the shopkeeper steals their money and runs away, they want the police and the courts. That's not really inconsistent.
>Estimated delivery date: 06 April, 2023

So you're only off by 5 days...
I would expect larger accounts to make the percentage of deposits in accounts with > $250K to be higher than the percentage of accounts with > $250K because that's how numbers work.
> 5% seems like the right balance between the two extremes.

No it's not. If they get a single cent above the bank's remaining assets (after administrative costs of the FDIC action), I don't think I will be the only one losing any remaining trust in the system.
Or more literally, asking mother earth to give a warning before a global pandemic and Putin to give a warning before an invasion.
By now all the liquid assets are already sold. The question is what about the loan book. The most interesting development would be FDIC making offers to the top 5 banks which they can’t refuse, which is what I’m personally hoping for.
Of course, the ones who ran the bank got their money. The ones who didn't are now going to be punished for NOT panicking...
My head places are all the rejecting me too. Particularly in manufacturing it seems they want people with domain experience: MES, etc.
Maybe the banks shouldn't be able to lobby for relaxing the regulations without which situations like these arise.
> As others have said, if depositors are bailed out, it's a bailout.

No one is nor can argue that. But you’re presupposing it’s a bailout.
The FDIC will pay off insured deposits from bank assets.

Those deposits get first call on the assets. The FDIC only chips in if those assets aren't enough.
Is it reasonable to expect that as this science progresses, it will progressively map out more complex connectomes? So the connectomes of nematodes and sea squirts have only a few hundred neurons each; and a fruit fly larva has 3,016 neurons with 548,000 synapses; and humans have 86 billion neurons with hundreds of trillions of synapses; is the expectation that brain maps will progressively be made of animals that have:

10k neurons - e.g. leech [1]

100k neurons - e.g. lobster [1]

1M neurons - e.g. cockroach [1]

10M neurons - e.g. zebrafish [1]

100M neurons - e.g. mole-rat [1]

1G neurons - e.g. buzzard [1]

10G neurons - e.g. giraffe [1]

[1] https://en.wikipedia.org/wiki/List_of_animals_by_number_of_n...
Or they can find a buyer for SVB's assets - preferably a bank - which do all this and in addition provide business banking services as well.
Banks do not lend against deposits. Fractional reserve banking is not what we do
Part of my complaint about that is that although I think the different punctuation marks are great, using them is a pain because of keyboard layouts.

It's easy to find a hyphen (or something close enough) on your physical keyboard, but there's no em dash. OSes also make it a pain to automate even when they claim otherwise.

I go out of my way to use em dashes but do I think others would? No way. So is lack of use because of lack of utility or because of idiosyncrasies in keyboards?

Hyphens are great for some things but are too short to visually offset text.
I think he means minimal when he says boring.

Rails is so boring I left it for five years, came back, and almost nothing changed.
Outside Online - Long Reads: https://www.outsideonline.com/tag/outside-features/
No need to nationalize them. AFAIK, Canada has had two bank failures over the past 100 years. Regulation can work.
Tautology
cool!

Is this scraping the HTML pages, or fetching the wikitext through the API and rendering it?
Why shouldn’t depositors learn a lesson that they should get additional insurance beyond the $250,000?
>Sadly the interviewer guidelines at the company I was working at that time, explicitly forbade me from writing anything about candidates cheating in the interview feedback

Why?
Okay that is clear, thank you.
Bartering is an offshoot of "fairness". Even dogs, crows get upset, if treated unfairly.

There are experiments where giving desired treats, unfairly, causes these animals(monkeys too), to exhibit outrage. EG, giving some to one animal, and less desirable treats to another.

Bartering is an offshoot of "being fair". I "worked" to make this thing, but now I need a thing you have. You worked for it. Each of us spent time, effort, work, but how much, who spent more?
We negotiate. We settle.

This is bartering. And at the root of this, is fairness.

And even animals, inherently, know this.
Yes, surely using the government to let private businesses run roughshod on the uninvolved public will prove that we are sufficiently exploitative to guarantee your money’s safety.

Don’t worry world, when push comes to shove, those who had nothing to do with it will bear the responsibility!

I don’t think that’s a better message for anyone.
No, if you have to sell your bonds with, say, 9 years remaining, you won't get 100B for them. Think about it, you paid 100B to get 10-yr treasury bonds paying 2%/$4 billion, annually. Now someone can go to a treasury auction and pay 100B and get 4%/$8 billion annually. Why would they still pay you $100 B for yours? They are obviously worth less.
Peter Thiel's Founders Fund pulled cash from SVB before collapse: Report
Yes, I use this a lot and it’s fantastic. Works pretty flawlessly, is fast and super simple to set up.
Have we yet deviated from FDIC rules? I don’t think so, even with what Yellen says. My limited understanding of the situation is that the assets to cover everything is there, they’re just tied up in long-term treasuries.

From the FDIC’s site:

> As of December 31, 2022, Silicon Valley Bank had approximately $209.0 billion in total assets and about $175.4 billion in total deposits.

For simplicities sake, let’s just assume 100% of the assets are actually there, but it’ll just take varying years for everything to mature. So, what’s next? FDIC finds a buyer for the assets, perhaps a private bank or a a pseudo-government body who has the ability to wait till maturity, and in the meantime, everyone gets all their deposits. That’s not a “bailout”, and is following the rules.
Don't know if I want to know what "apply our rebellious DNA" would mean then...
Ask HN: What are some of the most interesting YouTube channels to follow?
Youtube channels that are not managed by huge corporations but are managed by single creators with a humble studio setup or a group of indie creators.
cat /bin/wik
#!/bin/sh
lynx https://en.wikipedia.org/w/index.php?search=$1
> 1643 when Evangelista Torricelli invented the mercury barometer

iirc Tycho Brahe needed to make careful allowances for atmospheric refraction many decades before this. Also iirc a rougher notion of this effect goes back to Ptolemy.

I guess in thinking the following I'm just showing my lack of historical imagination, but: watching a sunset, and knowing it's at a distance many times the size of the earth, you'd think there must be something attenuating light which forms a layer much thinner than the size of the earth. This comports with a view of distant mountains vs. ones nearby, versus the sharp outline of the moon. You might still be very unsure whether this factor might include the air itself, and not just dust and vapor. If anyone wrote about this early on, I haven't heard of it.
The bank has long term bonds that they loaded up on during the Covid interest rate lows. It's not possible for the uninsured depositors to get anything near 100% of their deposits since these bonds have lost much of their value. Unless there is a bailout, no depositor is getting anything near 100%.
The only way taxpayers avoid footing the bill here is if the FDIC can sell assets to cover 100% of deposits in a very short timeframe, or if another bank comes in and agrees to cover the shortfall.

In any other scenario, if businesses with deposits in SVB lose some material amount of their cash, people will be getting laid off, prices will increase for some goods, and some companies will fail. All of these things negatively impact taxpayers.

It's not clear to me what the better outcome here is, but this is going to affect everyday people either way.
I have no horse in this race but...

The US has spent the last 15 years printing money to bailout mortgage holders. So no one who has had a mortgage or sold a house since 2008 can complain about a bailout, since they have received one...
> For the rest, they will have to wait for assets to be sold.

Actually, that's not completely true; FDIC also says that they'll pay an advance dividend to uninsured depositors next week. That likely won't be the full balance, but they'll get at least part of their deposits back before assets are sold.
That headline is wrong: Cheap deposits are NOT the cause of current problems for US banks. The cause of their problems is what bank executives did with those cheap deposits during the pandemic: They channeled the bulk of those deposits into long-term bonds, betting that rates would stay ultra-low.

They didn't have to do that. No one forced them to do it. They could have channeled deposits into short-term treasury bills earning ~0.1%. But they didn't do that because they didn't want to report lower interest income (and therefore lower earnings), which would have cause bank share prices to stagnate or decline during the pandemic.

Had US bank executives channeled deposits into safe short-term assets, the banks they run would be perfectly fine right now.

They have only themselves to blame for their current troubles.
for me there is a world of difference between him and someone like Elizabeth Holmes. Holmes committed crimes and put people's health in danger. Adam was just very good a playing the VC game.
And if it does. And sets new standards it leads to massive moral hazard and potential of even bigger and even worse failures in future. Why not run a ponzi scheme as bank if in the end tax payers or fed ends up making everyone whole. After you have spend years making money from fraud. With your depositors happily participating in as they have zero risk.
Last time I checked, if you want to use a custom domain, your domain needed to be managed by Cloudflare.
Looking from the side of your eye might work too, as we seem to have higher temporal resolution there. Red and maybe colours might be problematic there, as the cones for those are disproportionately in the fovea?
After a very short time with soy milk I now prefer it, especially in my coffee. Try a few different brands. One brand I tried tasted very plant-y and wasn’t that great but the others have been darn good.
They’re not “innocent” having chosen to put more than the insured amount in “Silicon Valley Bank.”
Government steps in and pays the rest? No, change the laws if this is the case. Why special treatment to help out but in any other scenario where tragic financial mishaps of regular folks you are given a pat on the shoulder and “good luck”. Pretty sure they have a write off tax wise for any additional loses.
But please don't build a custom pager, but use $PAGER (unless this is supposed to turn into a full browser ...) so it works as expected (key bindings etc )
> Anything beyond the $250K per account would be money that they are not entitled to per US banking regulation.

This isn’t correct. SVB has assets which are still worth something, even if they are less than their total liabilities. Unsecured depositors are first in line for that money, and the $250k fdic insurance limit has nothing to do with it.
So... they seem to have taken a trust or a co-op or something like that, and grafted a bunch of cryptocurrency stuff onto it. This gets you the disadvantages of both, and the advantages of neither. If you call it a "DAO", though, apparently the people you don't scare off also don't look too closely?
The perception disconnect between the US and the rest of the world is that examples of “socialism” are dramatically different. Is socialism defined by the Cuba/Venezuelan example or Scandinavia/Nordic examples? I think what people see as socialism in the US is more related to their understanding of the term from the Cuba/Venezuelan flavor than Scandinavian flavor.

Americans have a distaste because they see people who prefer attempting a dangerous escape from those socialist countries to living in them.
> Only focusing on mortality from COVID ignores the very real detrimental health, mental-health, business and societal effects of lock-downs, so the long term benefits to the common man are very much more in their favor.

Are they? This reads as petty reasoning of someone who refuses to admit they were wrong even though that data screams in their face, and instead try to grab hold of nonexistent data to justify their personal beliefs.

It's like the "COVID vaccines kill more than the disease" crowd, who keep on moving their "the end is near" calendar date to avoid admitting they were simply pathologically wrong.

> On the other hand they totally blew the power grab opportunities (...)

This reads like a rebranding of the whole "Fauci wants to take over as dictator" conspiracy theory.

Anyway, can you point out exactly a single country ever where enforcing lockdowns had a positive impact on public perception and elections?

If anything, conspiracy theorists who tried to push anti-science rhetoric failed to capitalize from it, specially as their electorate ended up dying disproportionately.

It also didn't helped their cause that politicians who were radically against basic public health measures ended up being caught double- and triple-vaccinating themselves while preaching the opposite.

> Lock downs became a political tool early on, (...)

Anti-establishment politicians tried to attack basic public health measures to turn them into political battles, primarily because they knew that supporting them was a political liability. Thankfully, they failed, and now all they have left is nitpicking about Sweden while the people most vulnerable to their propaganda are now disproportionately hit by the disease.

It saddens me that society learned nothing and these sociopaths still have traction in some circles.