skysight-inc/HackerNews huggingface dataset:
The bank failed and is being liquidated. You want to punish depositors too? Those are discrete issues. Honoring deposits and winding down the company can be done at the same time.

There is no down side to backing deposits. Frankly it’s time for the FDIC to raise the ceiling on the guarantee and offer voluntary coverage for 100% of deposits.
The assholes are people telling the rest of us that up is down, night is day, black is white.
They won’t need to. They’ll be taken over in orderly course and all depositors will be made whole by the normal acquiring institution. Like the 500 or so banks they’ve done that for in the last 20 years.

Depositors don’t typically lose money in FDIC receivership situations no matter what their balance is.
What's the impact of this, from a "normal" personal point of view, in US, Canada, or China?
>> fail in 2022

2023
I thought it was an informative response. I certainly learned some stuff about shell I didn't know before. I'm still gonna use cat because it's simpler to me.

I think your snark is unfounded here.
For the FDIC I think that "1.01 dollars in a couple of years" is good enough when talking about a bailout.
Mhhhm this makes me hungry for uLisp <> ChrysaLisp Interops
Dude I want to afford a nice home and retire. The FED has destroyed the housing market and effective wages. Get a grip
None of the SVB customers signed up (or paid premiums) for unlimited depositor insurance. Nonetheless they will now receive that, paid for by a new assessment (tax) on other banks and their customers.
In the war of 1812 the president had to run away from Washington because of the British. His party wanted to sleep in a farm house, the farmer rejected the present. The president and his part left.
Are you telling me what was _my_ point when I asked why would anyone be happy for the workers of a bank that won't exist anymore in any form once the liquidation is sorted out?

What makes you say that SVB will continue operations?

SVB will cease to exist: it's being liquidated.
If a lending facility, only available to banks, at par for assets that are under par is not a bailout…

What would you call it?
I’ll list some of my subs that aren’t mainstream and were not posted yet:

Tech museums:

Necroware - a guy repairs and discusses circa '90s pc pcbs and other stuff. https://youtube.com/channel/UCKU5nwSWYXa3xfXGBlKyvdw

vswitchzero - another guy, same topic. https://youtube.com/channel/UCGcOrQ_IW4TYcdF5M1pRchA

Chyrosran22 - keyboard reviews, focuses on historical and non-mainstream models, enthusiast. https://youtube.com/user/Chyrosran22

All three a good language, zero sensational bs, “hands and things” format.

Nice views, exploration:

Ninurta - https://youtube.com/user/NinurtaSpb

Stefan Forster - https://youtube.com/user/stefanforsterdotcom

Shiey - https://youtube.com/results?search_query=Shiey (channels get banned(?) / not available sometimes; go through search and related videos)
Ah, I failed to realize that nushell deals with rich data.

I think this might hit the sweetspot for me, for dealing with json - I never could get a feel for "jq" like I have with sed/awk, and don't much enjoy powershell.

I don't think I need a new shell (bash is fine - and I would probably move to fish for a new shell if I were to change) - but I certainly need a sane way to wrangle json (hello docker inspect!) and yaml (hello kubectl/k8s and github actions!).
We use ngrok for testing OAuth2 handshakes on localhost.
Believe it or not, the Amish are loving electric bikes
The "problem" here is only that life expectancy has not continued to increase at the rate it was increasing up to around 2010.

I see no reason to assume that life expectancy would continue to increase indefinitely at a linear rate. Most interventions that increase life expectancy (e.g. mitigating major causes of non-age-related death) are subject to diminishing returns.
> If it doesn't encompass anything you believe in but includes your mortal enemies it's not much good.

> No, they don't. I don't know anyone "on the left" who would happily use it knowing the full scope of what others using it identified as - and validly under your definition. Surely they aren't communicating anything meaningful.

You're entitled to your own opinion dude, but political ideologies will spend all day arguing between submovements what does and doesn't qualify, and yet it's still possible to get an outline and then make predictions and discourse from there. Leftist or Conservative, you can hear arguing between tankies and anarchists, between "fiscal conservatives" and fundamentalists, mostly at the fringes, because the fringes disagree with the most.

I think what you're trying to say is that the modern left and right are defined by their opposition to eachother ("culture war") and not their value and policy positions. But they do have opposing value and policy opinions, and it's not very hard to write a list. And then you can give names to these opposing groups of values and policy opinions. And you can talk about them and it's not meaningless because there are obvious real-world associations between the values in each group.

"The left of the 1700s French legislature" no longer accurately describes any modern political association so that's probably not a useful lens.
Ever hear of ChrysaLisp?
this is true, but the tory nonsense has exacerbated it. i (in uk) have a commercial carer (not nhs; i am bedbound) from lithuania (or estonia, or latvia - she keeps telling me & i keep forgetting) who is lovely, smart and kind. her only failing is that she can't cook, but that gives me an interest - last week i taught her how to do scrambled eggs on toast!

we need more people like this in the uk, not fewer. but our vile government will never get a clue.
It is well known that the marginally insignificant political differences of the people I disagree with actually lead to billions of deaths every year
They'll be recycled soon enough like the Lehmann guy. There is a talent shortage in the industry.
What is the license of ATC audio? This could easily be made into an amazing repository for lo-fi music creators.
IndyMac depositors lost money IIRC
Sorry, how is this irresponsible? Leaders that imagine and vocally describe a plausible negative outcome seems quite sensible.

Seems the equivalent of screaming fire in a crowded theater, when there is an actual fire.
> I wonder what the electoral interest would be in a UK political party that advocated the goal of doubling the nation's per capita income in 10 years?

Probably about the same as the electoral interest in a party that promised everyone a perpetual motion machine, which would be about as capable of achieving its promises. (The recent UK electoral record of promises you'd have to be utterly delusional to believe isn't bad actually, just helps to have a lot of backing from the status quo!)

The UK already has more global influence than Taiwan, South Korea and Israel and massively outsize influence for a country making up less than 1% of global population and an even smaller fraction of its land physical resources, it's just this global influence isn't guaranteed to be used wisely, never mind benefit the lifespan of the average citizen.
Lose everything ? The responsibility of the shareholders is limited to what they brought to the cap table, but the potential for upside is significant.

If it fails, you can restart and recreate a bank, but you, your partners and your friends keep all the profit and privileges that you collected before the failure.

All that at the expenses of the government.

Your main task is to not fail too early, so you can recoup your initial investment (and if it can last forever if you are lucky / well-managing the risk, then better for you!)
> Yellen has just broadcast that FDIC insurance is essentially unlimited

This is like a hotfix.

I don't think that the pile of money is unlimited - all bets are off if something happens to a big bank.

Or they stop raising interest rates, and then inflation goes up. Don't know how the banks will cope (or anyone else for that matter...)

I guess the banks know that, so they may be afraid to take up new risks in the near future.
> I don't share the belief

So maybe leave it to people who are actually offended by something to say if they're offended, rather than being offended on someone's behalf without knowing if they are?
As long as it's 4 GB you should be good to run the smaller model. 8 GB would be preferred, if you're fancy enough to have more you can do the larger models on unquantized models for more quality.
Not bailing out some VCs who hold equity in these depositor-companies would not fuck up the economy. Completely absurd and outrageous.
They were returning interest to the depositors, so actually the depositors decided to take on the risk. You will never earn interest without risk. If you're told that any form of interest is risk free, it's not true. In the case of treasuries, the risk is not default - it's inflation risk. This is because there is a chance that inflation outpaces the bond yield, meaning you lose money over the life of the bond (as the principal will lose buying power) and the underlying bond will also lose it's value as higher yielding bonds are auctioned by the government.
Some lessons can be learned once, others need to be learned continuously.
This statement is confusing. It implies the Fed will guarantee investment accounts. Why keep any money in a non-interest bearing account?

It’s amazing the mental and bureaucratic gymnastics needed to avoid admitting that fractional reserve is an inherently unstable system.
I always feel a bit depressed that so many of these microbusinesses seem focused on sales pipeline stuff. I get it, but at one point it feels like money just kind of sloshing around between various salestech companies.
I am in Canada so not sure how it compares to the US.

But yes, I'll sign for a Full-reserve banking if I had a choice. I've already invested in my own company. I have no desire for a bank sending my money elsewhere. Especially since the interest rate they pay to a person is laughable.
In my district in the UK, there were occasions when average wait times for an ambulance for a Category 1 incident (eg. person not breathing) reached 48 hours last month.

The target is 90% of patients reached in 15 minutes. Yet the reality is the average wait was 48 hours.

I can't see any way that kind of thing isn't contributing to a shorter life expectancy.
Great concept, I hope the script gets refined...
On a Windows box with Python310 (installed to c:\program files\ instead of the user's roaming directory) it fails in a few ways:

* roaming directory doesn't exist (path is not set to it)
* Python is not launched with python3 but with python.exe
I like the concept - this is pretty much what writing a DSL under Lisp entails. It would be fun to give it a Peril Perl (written in Peril Lisp of course), and so on.

It could get really meta from there.
I assume there's lots of private details you can't share, so I can't judge much. But fair, if that's true, it would be good.

It's not like rich people need to care about what I think, but I just argue that people should avoid glorifying them and believing claims that they want to help the world, as I've seen too many times that they are only interested in helping themselves. And the things I've seen Mark Cuban push for on Twitter are often pretty awful.
> But how hard would you fight for this cause if it didn't benefit you personally?

Why is that odd or bad? I don't see people in here discussing issues about Syria or Congo. I saw dozens of threads about Trump and relatively none about Bolsonaaro. Why are you discussing about Fed and Biden and not thinking of economy of Pakistan? People will be more vocal and active about issues in their proximity.
WRT student loans: I am not clear why the law cannot change to allow them to be discharged in bankruptcy like every other debt. It seems to me that would make things better for everyone. I do not thing people w/huge student loans would all just a. immediately declare bankruptcy, and b. get their debt forgiven.
I wouldn't take the analogy too literally. But the 'kids' are all market participants in the system the government is trying to regulate. My point being is there is a reason certain entities don't communicate with full transparency and sometimes they find ambiguity a tool. Now whether this is the right or wrong thing to do in this case in the short and long terms...I'll have to leave that judgement to the history books.
On the other hand, over the past 2 years with ZIRP and the money printer working overtime, money was pumped into stonks, startups, and crypto. SVB went from $50 billion in deposits to $200 billion. Signature went from $40 billion to $85 billion. Long COVID did kill them.
Exactly. All of these textbooks and papers on computation just incessantly debase FSM. Frankly it's a sacrilegious defiling of our Spaghetti lords name.

May the touch of his noodly appendage bring enlightenment to those yet to open themselves to the Pastafarian ways.
That was NIMBYs. Worry about real economic constraints.

You live in one of the richest countries in the world and probably make 4x median income even for the US anyway. Move somewhere else if you want your money to go further.
See my other reply to the parent comment. Treasuries are not risk free.
No it’s the CEOs job to hire people who know like a CFO and everyone else in finance. Lots of companies make short investments with extra cash. No need to put everything in a single bank account.
I am not a huge fan of the TUI(Graphical terminal application) But I do think the CLI(an App you control only via a command line) is the better interface method for many application. mainly because they provide the highest code ratio of any methodology. That is, you get more interface with less code using a cli than any other method

But one thing I love about terminal applications is how nice they work on remote sessions.
Time to buy was friday
I am not convinced this is true.
Shareholders are getting wiped out. So no gains as their stock is now worth nothing. Any dividends they collected are a fraction of the stock value.
One counter-argument to this would be:

A nation with a 10x higher per capita of truly productive scientists and engineers (with a well functioning R&D system that wasn't just publish-or-perish or other friction that reduces efficiency) would perform roughly as well as a nation with 10x the population. Somewhat but not perfectly analogous to how some countries invest more, or more wisely in their military budget, and have equivalent military power as much larger countries.

So if the UK invested such that it had 10x the per capita scientists and engineers, let's say 10% of the population vs 1%, then it could compete with a nation of 680 million.

If it also invested more wisely in capital equipment, business efficiency, legal efficiency, and so on, it might be able to get further multipliers and compete with the biggest economies in the world.
I heard is due to the founders being Brazilian so:

American Express - Amex
Brazilian Express - Brex
If the promise doesn't hold, then the American financial system comes crashing down and you have bigger worries than that.
"I'm afraid there is no money." - chief secretary to the Treasury under Gordon Brown
How many Cinderella stories does ChatGPT has to generate before people lose any interest in Cinderella stories?

What will be the impact of this on traditional literature?
> 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.

Sure, which is why I’m not opposed to depositors taking some haircut. But that’s only more reason to wipe the shareholders to the last penny.

> The depositors were taking risk just as the shareholders were taking risk.

No, they were not, that’s the whole point. They took completely different kinds of risks. Irrespective to what degree the taxpayers are encumbered with extending the bail out loans, shareholders are the ones who are expected to foot any bill first and foremost.
For scripts that you intend to be used by other people, yes. My comment was about personal scripts.
Eh, those mistakes happen still, we just don't let consequences of them happen.
In Denmark this is possible and common. Danish mortgages can always be bought back at 100% value (if the rate drops), and for example a 2% mortgage from a few years ago can be bought back around 85% value.
There are a zillion ways to deal with this. Split up your cash. Buy private insurance. Whatever. They agreed to a particular contract---deposits insured up to $250,000, and then ex-post, when it turns out they should have done something different, they want special favors.
What about your employer? Would they still have money to pay you?
/How did it end? With thunderous applause/ https://www.youtube.com/watch?v=Krq-GX1IhBc
This is really the typical arc of a hedge fund far more often than banks.
Did you consider buying us treasuries instead?
you could try raising the level of education. breeding a whole bunch of people and hoping some of them teach themselves to be useful isn't really a great way of maximizing intellectual output
> Taiwan and South Korea are modelled after Japan like obedience to authority and way higher tolerance for tough work conditions than a western European nation. Is it realistic to assume that a Brit would work 12 hours in a job?

1st, historically Western European countries absolutely did work 12 hour days, back when that made any kind of economic sense, despite the human misery it creatd.

With modern knowledge work, a forced 12 hour day is probably not going to help anybody achieve more. Although a very very highly educated, very very highly compensated, might choose to work longer hours, but hours aren't what would cause the higher productivity.
I agree with this. Memory safety, plus concurrency built into the memory model, and very well documented API pretty much make it a breeze.
SVB shareholders losing 100% of their investment seems like a consequence. They are probably kicking themselves for not doing more DD over the C-suite.
Thank you. Was wondering about that - no link in bio.

Clickable link:

https://cronitor.io

Ed: (business) might be built in the open - but (product) isn't F/OSS?
> With wise investment in capital equipment, education, and technology, even small, resource-poor countries can punch far above their weight.

It is much easier to organize for smaller countries.
I feel like I cannot get into many pause-based Paradox games because of the realtime aspects. Even e.g. Stellaris. When I have to manage time flow between pauses it always either feels like I'm pausing too much and I could be wasting less time and playing faster; or like I'm pausing too little and missing some opportunities. Turns provide natural pacing.
This was capitalism, a beacon of hope for people who are smart, hardworking, and comfortable with risk, promising a greater share of the spoils to them than to those who are not.

Wrong. That’s not what capitalism is or means. Capitalism is an economic system in which private investors run the economy in search of personal profit, while those who lack capital rely on wage labor to survive. You can debate whether this is a good or moral system, but it’s important to get terminology right.
Shareholders in SVB have already lost all their money, and approximately nobody is arguing for them to be made whole, so I’m not sure I understand this statement. The bailout is for depositors
I am curious what country you could move to that isn’t co-opted by the wealthy and powerful.

Sure isn’t Canada. Sure isn’t anywhere in the EU. Super-duper-sure it isn’t anywhere in Asia.
God I'm so sick of this nonsense. No, lithium is not 'black gold'. Lithium is absurdly common and availability of lithium is borderline meaningless.

Extract and refining lithium is a tiny business and even with many more years of growth its still a pretty tiny business. It will never be even close to oil in any meaningful metric.

Its not an energy source is a 3% of a storage medium for energy. And on the is common. And can be recycled.
Privatize the gains, socialize the risks. This is the way the US works. Take note, "voters".
The problem is labor exploitation & work culture.

SK & Taiwan have working hours that would be considered hellish in West. At the top level & for immigrants, US working hours are similarly hellish. The British may be just as productive per hour, but they could never keep up on time. Personal life in SK/Taiwan is non-existent as demonstrated by the countries having the 2 lowest fertility rates in the world. On the contrary, Israel is another story of fertility rates. At ~3.0, they have so many young people, that there is always ample labor available to support Govt. money-sinks like welfare and healthcare.

All of these nations are a glowing endorsement for conscription. Conscription lifts the entire population to a certain level of mediocrity that helps avoid labor unemployability. It's no surprise that other successful nations include Singapore & Scandinavia.
Ban this scammer.
SVB failed because all their customers are in group chats with each other and think it would be funny to withdraw all their money at once and then buy stock in the bank.

https://twitter.com/torrenegra/status/1634573234187407369

Even their bad investment decisions wouldn't have killed them if there hadn't been a bank run.
It makes sense in theory, but how is this not a license for further similar schemes?

Surely $25B is a rounding error for all major players here, given a noisy constituency, but it looks like this sets up lack of accountability...

Also, some articles are claiming that Fed is now covering all uninsured deposits, just like overnight.

[0] https://twitter.com/colbyLsmith/status/1635061613920395264
What is the exact % liquidity that your bank can withstand? Should it be the responsibility of every US person to independently and periodically validate their top US 20 Bank has enough liquidity to withstand unforeseen variable economic conditions that bank regulations are supposed to protect against?

No, people are just going to move to a top 3 bank that's too big to fail to hold their business and personal life savings.
I understand your point but why does this have to keep happening and why must we normalize it? If I'm depositing my money in your bank is it not unreasonable to expect you to act responsibly with it?
It's the right move. If they didn't do it, every regional bank, especially those that primarily deal with businesses (which are likely to have more than $250K in deposits), would be at risk, since the expectation is that your "money is safe in the bank" is what allows the banking system as it is to exist.
Apologies. Thought it was something else. Much bigger than I thought.
In this case, the 'depositors' are wealthy companies and individuals, by definition holding >$250k, who could afford to do due diligence.

Obviously they were getting perks working with 'Silicon Valley Bank' that didn't exist at say, Wells Fargo. No farmer in America was banking there because, hey, that's obviously kind of a sketchy bank.

There was a reward being given to the wealthy depositors, and none bothered to investigate the associated risk. Well, actually, Thiel did, noticed the risk, and pulled out his companies. Why should we bail out the people who missed this?
Seriously, when you look into how banks are run, they really do start to begin looking like legal Ponzi schemes. https://www.bankrate.com/banking/cds/cd-ladder-guide/

They take your deposits, use a bit to pay other people's withdrawals, promise an unrealized gain to money held in your account that they might not be able to pay if everyone pulls out their cash at the same time...
Point to a single time in history this hasn't been the case.

Things are a lot better now than they used to be.

The only thing that has really changed is that the post-war American boom is over. Cheap labor, cheap money, cheap everything has returned to baseline and reached the costs felt elsewhere in the industrialized world.
Give it a headphone jack and SD card and I'll buy.