skysight-inc/HackerNews huggingface dataset:
Comparing the LIBOR spread isn't enough to compare senior subprime tranches to senior prime tranches. Among other things, the attachment point matters a very a great deal.

The attachment point is the % of cumulative losses after which a given tranche starts suffering losses of principal. So for example:

L+20 with a 20% attachment point against historical max losses in the asset class over all credit cycles of 1% is a lot better on a risk adjusted basis than L+200 with a 40% attachment point against historical max loss experience of 15%.

Without talking about historical loss experience we can't really guesstimate the margin of safety here nor say that a given tranche is or isn't good value.

Another possibly interesting nitpick: LIBOR isn't risk-free. It's an interbank rate so it is the short-term yields paid by highly rated financial institutions. Risk free means backed by an entity that can print money, like the Fed. That's why the LIBOR-Fed Funds basis exists.

Also, re: "I think it's interesting how high interest rate risky loans can be considered as sleazy while giving opportunities to the less fortunate is considered an admirable goal." check out the book _Scarcity_ by Mullanaithan and Shafir, which has a super interesting take on this question!
Is the DRM module itself an open specification? Or will it be a separate proprietary program that content sites will still require you to install? I can see for example Real or Flash making such modules, and still bundling with random tool bars and popups.

Or will it most likely be a specification that allows multiple (but NDA'd) implementations, such as the DRM component of dvd and bluray players? If that is the case, then it is still better than what we had before, as multiple vendors will need to compete (increasing the likelihood of a non-crappy implementation).
In the contact with the accelerator what does it say? It might say if the corporation is dissolved the partner has the right to buy the assets.
Mockery and ridicule do not change people's minds. People who chose not to vaccinate their children only retreat further from vaccination if you use mockery or ridicule.

If your aim is to protect children by increasing the numbers of vaccinated children it's important not to use mockery or ridicule. Those are the wrong tools.
I believe Tim Cook said that the iPad wasn't turning over as fast as the iPhone (people are keeping them more than 2 years) and that the 6+ is eating some of their tablet sales.

> Not that it really matters all that much, though, if the iPhone 6 Plus is eating (part) of the iPad pie

Certainly. Plus the iPhone 6+ is a $750+ device and it's competing with the $350+ iPad Mini. Add in the fact that iPhone users are incentivized (in the US at least) to replace their device every two years and that's probably much better than selling someone a $500 iPhone and losing the tablet sale to someone else.
Even with one client thread, though, shouldn't there be a background OS thread maintaining the FS cache and flushing parts of it? I don't think it should block the client just because it decided it was too full.
New York has set such a policy in place and it's been upheld through multiple trials and appeals. Perhaps once it's settled in the higher courts it will become standard policy in a lot of other places. Once can hope.

http://jurist.org/paperchase/2015/01/federal-appeals-court-u...
Our startup pre-launch strategy
They actually don't help much, and arguably make things worse, because pilots that have them do things they would otherwise shy away from, like fly over mountains in marginal weather. Cirrus has only had one or maybe a couple more legitimate saves.

Most airplane accidents happen on takeoff/landing or inadvertent terrain collision in bad weather. Neither of which a parachute would help.

Source: Pilot, skydiver aviation nerd.

Philip Greenspun is a pretty accomplished pilot and has some good writings on it:
http://philip.greenspun.com/flying/cirrus-sr20

If his coining the 10th rule of programming wasn't enough for me to want to meet him add in the aviation stuff and he's definitely on my top list of people I'd want to meet.
Best iPod Video Converter
I love it. Ever since I saw a recreation of Fallingwater in the Half Life engine (1), I thought this would be the future of architectural design (or at least delivering design to clients). Is this becoming common now?

(1) https://www.youtube.com/watch?v=Tqsk4WARk2I
> In contrast, you hop into a game and you have something you need to do. You know how to do it. You can do and achieve something in a reasonable amount of time, seeing progress as you go. There is never a moment (generally speaking) where you feel like you are wasting time or not achieving anything - at least in a game you are engaged in - and that is incredibly satisfying in a way that's hard or infrequently achieved in real life.

I feel this way doing simple physical labor. If it paid even nearly as well, I'd probably be happier doing landscaping or wall framing or something like that than programming.
I'm so glad to see him get his "second act". I was a fan during the Bones Brigade days and have always been sad that flatland freestyle isn't really popular any more.
You're supposed to open the window, not smash it.
A salary increase of $180K quarterly (== $720K annually)!
This is about passion for work, not love or sex. It explains what is missing from many people's work lives.
it says, Client: my_ip_address is not authorized to access URL:/avwebflash/news/Two-Airplanes-Successfully-Ditch-In-Pacific223452-1.html
I definitely got a way better deal by a local merchant than any with any Apple laptop[1].

1: http://www.linux-onlineshop.de/Linux-Hardware/Linux-Notebook...
> They make luxury products and yet everyone owns one. That is the real genius.

Right. Everyone.
Same here. The larger iPhone got me to switch back. After using Android for the past 2 years, I had forgotten just how polished the iPhone is along with all the apps on the phone.

Admittedly if Google had released a Nexus 5+ at the same $350 price I probably would have stuck with Android. No way I was going to pay a premium price for any of the Android phones I looked at though.
> If your aim is to protect children by increasing the numbers of vaccinated children it's important not to use mockery or ridicule. Those are the wrong tools.

When education fails, when facts fail, when logic and reason fail, you're left with mockery and/or ridicule.
Or the mythical $300 laptop that they had to make or the company would fold for... like a decade now.
People who choose not to vaccinate their children are by and large beyond the reach of reason, in much the same way the typical religious person is. I wouldn't advocate mockery and ridicule because it is as equally wasted as reason is on these people. Instead they should simply be ignored to the extent possible, and when not possible as in the case of the subject of this article they should be quarantined so the rest of us don't suffer from their ignorance.
Research and development spending rose 50% YoY!
Not to mention concussions... just saying.
Last I checked, the most effective way to pirate content is via a protocol such as Bit Torrent which requires you to also distribute pirated content. And that has legal ramifications, which then requires non-trivial methods to obscure your activities (paid proxy servers, etc). Most of us use Netflix not for ideological reasons, but for the pure convenience of it. Compared to Bit-Torrent,with Netflix you can easily browse titles, watch a bit, switch to another one, or watch whole seasons without waiting for multi-hour or multi-day downloads.
Microsoft confirms Windows 10's 'Spartan' browser to get extensions
A company could make it necessary to install their DRM to view their videos and bundle Norton with it. This would actually be worse than the current situation because the user would have to install a different DRM thing for each different site.

Although I can see sites being reluctant to do that because it would be inconvenient for the users to have to install something specifically to watch the web videos on that site. One thing I can see happening would be one major DRM software that emerges and all websites that want DRM work together to use that.
Oculus to Make Virtual-Reality Movies
That's what people say about sweatshops too.
Best electronics book ever ... Updated but even the older versions contain relevant theory (though I gues when the 74xx parts are obsolete that would change).
Show HN: Turn on Mac's capslock when you have notifications on GitHub
> expected a hit game on iOS would magically translate in to a hit game on Android and that's really not the case.

Why not? Shouldn't a good game sell well on any platform?

> The two stores are completely separate, your popularity on either will not help you on the latter unless you're bringing a big marketing budget with you or have something truly unique and viral.

Perhaps it won't sell as well on Android in relative numbers (attach rate to total devices), but it is a truly unique game that many people talked about.

> There are plenty of popular Android games that have virtually no player base on iOS.

Honestly I would LOVE a list of a few (emulators/clones don't count). With the exception of that AR game that Google made I have never heard of a mobile game (from friends, game sites, etc.) that wasn't available on iOS.

I genuinely don't know of any, but I've wondered about this quite a bit.
It seems to me like New York's current law is the same as California. From the article you linked: The state law provides two exemptions from the mandate, ... the second for "children whose parent, parents, or guardian hold genuine and sincere religious beliefs which are contrary to the practices herein required.

The NPR article seems to discuss a father specifically attacking the personal belief exemption in California, so I don't see how the NY court's ruling would change that?
Because I remapped Ctrl to my caps lock this was a way of using it's light :)
they don't come with the airplane, but since pilots are trained to be paranoid, I imagine they're a relatively common purchase among guys flying over the ocean.
The problem is most companies wouldn't create modules that are compatible with all operating systems. Open web is supposed to be open, not platform dependent.
I think Child Protective Services would be a good tool.
Nobody to be taken serious has ever thought or said this

Linus Torvalds is nobody to be taken seriously?
Some people view their right to not vaccinate, not circumcise, have a home birth of their son and then home-school him, to be an essential religious freedom protected by the first amendment, no different than their right to be a conscientious objector of military conscription.

This is a far more complex issue than it appears. Don't dismiss it derisively, as if only an idiot could disagree with you. (Not speaking to anyone in particular) (Also not saying I support this position)

Edit...
...I guess this is the last time I try to express an unpopular opinion in comments. Ironic that it's an opinion I don't even hold. Groupthink yay rah rah rah!! :)
In the name of science and our wellbeing, please direct anyone you know who has good faith concerns to the NOVA episode Calling The Shots: http://www.youtube.com/watch?v=5xm9mZ9j-oQ

It's very accessible, and doesn't simply dismiss those who are anti-vaccine. Of course as with many NOVA episodes this one is fascinating regardless of your viewpoint.
That's been kicking people for years. Only Apple could make the iPod Mini because they bought the entire production of the little CF sized hard-drives. A few years ago Apple bought a huge chunk of the available Flash production capacity.

Then you get the crazy things where Apple can afford to make special machines to blend the glass and aluminum on their devices or laser-cut holes in the laptops because they're operating at a scale where they can make that work out. No upstart brand could EVER do that.
And VCRs too. The original Macrovision technique relied on the low tolerance to noise in the old record-mode AGC circuits on first generation VCRs. But when VCRs improved to the point that Macrovision was ineffective, legislation was passed so that VCR manufactures had to include a special circuit to recognize the Macrovision noise bursts, and emulate the old behavior. (Source: my memory of an old article in an electronics magazine, so the above may be somewhat inaccurate -- the article may have been only referring to proposed legislation, or possibly industry self-regulation).
>> In general Apple's laptops are just well built and feel solid. Some PCs are like that, many aren't due to cost. If I'm going to use a machine every day for 4 years I want to know it's well built and holds up well.

Be glad you're not like me and are stuck with a lemon like the 2011 Macbook Pro. It's a well built (chassis-wise, at least) and solid brick with a well known design defect that Apple refuses to acknowledge exists.

I have since left Apple, mainly the unibody Macbook Pros that I love so much have been discontinued in favor of models with soldered on RAM, expensive to replace SSDs. I'm not a fan of how Apple is "closing up" the expandability of their hardware.

With the current Macbooks, I wouldn't have been able to upgrade from 4GB to 8GB to 16GB of RAM as the prices came down (and without paying Apple's exorbitant prices for RAM), or upgrade their hard drive to a hybrid drive, and to growing sizes of SSDs as the prices came down. Damn, I miss those unibodies.
I don't see myself ditching lein anytime soon, but I'm glad to see some competition in this area.
Ask HN: Does anyone have a oneplus one invite?
Sorry to beg, I didn't know where else to turn.
This is a much more detailed explanation of why the spin-out saves on taxes:

http://www.bloombergview.com/articles/2015-01-28/yahoo-would...

It also suggests that at some point, after some time has gone by, Alibaba will find it a no-brainer to buy the spin-out.
It's harder than just stringing up new wire to the poles.

I honestly don't know how much work it is to add to the buried cable. If you have to go dig up each piece of conduit, that would royally freaking suck. Maybe there are access tunnels where they can use strings or something to yank the cable through. I would love to hear more about this.

And honestly, fibre to my cul-de-sac would probably be good enough for me.
I learned from the 1st edition, back in 1983, when I took the electronics course for physics majors. I think it's the best textbook I've ever used, in any subject. I fell in love with analog electronics. Note my HN user name. ;-)

What's happened with analog since then? I believe that opto-electronics is much more important today, as are switchmode circuits. Some things, like systematic noise budgeting, will never go away, even if we have to learn the behaviors of some new devices. Also, it's probably harder to get away with having just a limited understanding of high speed circuits and transmission lines today. But something I like about analog electronics is that physics will always be physics.

If you liked H&H, you might also like: Building Electro-Optical Systems: Making It all Work, by Phil Hobbs.
Isn't most of the music purchases on Amazon DRM-free? And downloadable in regular MP3's with a standard web browser? It's been a while since the last time I acquired any music.
the state of affairs since the neoconservatives attempted to implement this philosophy through the iraq war, or the direction russia has tacked since 91 to name just two prominent examples, has made this idea kind of a joke
Woman Endangers Entire Plane
Only one of those three behaviors affects other people.
'Enhanced' Google Chrome Bookmarks doesn't make sense to me
How could they get it so wrong (in my opinion)?

I want a clear separation between folders and bookmarks. And I want to be able to decide which folders to put what in.

It seems Chrome now wants you to save bookmarks without worrying about where you store them. And it wants to algorithmically create 'smart folders' for you.

The search has slowed down tremendously too.

What do you think?
Beware - fiduciary issues may abound if you're a majority shareholder.
Your decisions on circumcision and home birth do not affect my infant child's ability to live. Your decision on vaccination does.
After using Netflix for quite some time, I have no evidence to support any hypothesis other than that their overall selection is secretly horrible and that they wish to conceal this however possible.

Evidence includes but is not limited to: Their user interface appears to intentionally border on unusable, a rambling Quora post by a C-level exec about how advanced search (a la Gmail) would ruin the world, and they've shut down their API, making it harder for third-party sites to index their selection, and allow positive UX to be possible thereby.
Completely agree with everything you said. I was only calling libor risk-free as it is what would be substituted for the risk free rate used in finance textbooks. Technically it's not risk-free but serves as a base return to benchmark off of. Also, most of these bonds pay coupons linked to libor.

Attachment and detachment point are definitely very important. I found a random fed document from 2012 that suggests similar attachment/detachment points for AAA prime vs subprime abs securities (~79% attachment). I haven't looked at it too closely though and I could be missing something. I know spreads are a lot tighter since 2012 and credit quality of underlying loans may have worsened with lower standards. On the other hand, people are a lot better off now that in 2012 (i.e. stock market, housing market, etc).

Will check out Scarcity. Thanks for the recommendation!

[1] http://www.federalreserve.gov/SECRS/2012/May/20120523/R-1401...
I've got a 3 but there is nothing wrong with it. The Air 2 is thinner and MUCH lighter, but enough to spend $500+?

If they release a new version with some really big new feature like real stylus support for drawing they might get me, but as it is my iPad 3 works very well and I see no actual need to upgrade.
Hope it's for real this time. It was supposed to be out in early 2014

http://www.eevblog.com/forum/chat/the-art-of-electronics-3rd...
You're not supposed to say that kind of thing in this forum.
Please allow me to share my experiences with you. When I was 18, I had not yet capitalized on any of my talents, and I worked at a Starbucks.

I took out a loan on a car, with a 27%+ interest rate. I grew up in a poor family and I didn't really know any better at the time. That is, I knew, but I had not yet developed the /discretion/ to act on that knowledge with sound judgement. So, I signed for the car.

Approx 2.5 years later I defaulted on the car. Truly, 100% my fault, of course. 3 years later I finally paid off the car, but that's only after I got a decent few gigs developing mobile apps. So, for a lot of my life I worked way more than I should have just to pay the upkeep on this car, because full coverage insurance is pretty high when you're young. Fast forward a few years and I haven't missed a payment in 3 years and I have an amex. So yeah, I learned from some mistakes. But did it have to be that way? Do I want it to be that way for future generations? No, that's what HUMAN PROGRESS is for.

I'm in the Army now. There's a law that protects servicemembers. Pretty much whatever debts you have when you join the military must have interest reduced to 6% or less. Also, if you look at a lot of state laws, the limit on interest rates before the loans are considered usury is around 6%... This is because of the general attitude amongst people that servicemembers should be treated well. Geez, wouldn't it be nice if everyone was exploited less?

It's a pretty safe bet to say that, anyone loaning someone money at an interest rate above 20% is basically robbing that person blind.

To posit that the other party is morally responsible for his own choices, and not the lender, is certainly correct. Caveat emptor is very common knowledge by now. The real question though is: is it for the greater good that we do this? Does offering predatory loans to inexperienced buyers who have not yet developed a strong enough will or learned enough about personal finance serve a higher purpose, beyond making oneself rich? Is making oneself rich, the ultimate goal in life, or is there something more important than that?

Sure, it's the buyers fault for purchasing. That doesn't make you a good person if you're that predatory lender, or the guy who invested in those bonds. It makes you someone who willfully exploited another human being's ignorance or inexperience for their own personal gain. Which in my book, makes you a pretty despicable person.

So I don't think we should take away the freedom of buyers to choose what they want. I think we should take away the freedom of sellers to behave in ways that is obviously not conducive to human progress and prosperity.
ASCII becomes an Internet Standard
I apologize, I'm going to do that crass thing about high-jacking the top response.

>Mistake Not My Current State Of Joshing Gentle Peevishness For The Awesome And Terrible Majesty Of The Towering Seas Of Ire That Are Themselves The Milquetoast Shallows Fringing My Vast Oceans Of Wrath

That's the name, but it didn't fit (oh, and Elron loves the Culture, he's actually a SC agent, but I digress).

Apple has currently ~$170 billion in cash / structured investments through its hedge fund.

This says three things:

1) Apple is very successful

2) Apple has massive tax issues it's trying to dodge

3) Apple has no clue what to do with itself beyond making toys

4) It now has a >>cash<< base that's larger than ~top 20 blue chip companies

Unless you're going to pull a Bond Movie[1], there's only one rational outcome to this:

When the bubble is that big, and you can't even invest your profits / shareholder dividends / know what to do with it:

Phlebas the Phoenician, a fortnight dead,
Forgot the cry of gulls, and the deep seas swell
And the profit and loss.

A current under sea
Picked his bones in whispers. As he rose and fell
He passed the stages of his age and youth
Entering the whirlpool.

Gentile or Jew
O you who turn the wheel and look to windward,
Consider Phlebas, who was once handsome and tall as you.

Apple won the battle of the 20th Century tech fashion: it lost the war in that it didn't know how to evolve. And no, darlings, a shiny building doesn't count.

Capitalism, literally, forgot how to invest: even Google threw $10 to Musk. Apple has... done nothing with it.

https://www.youtube.com/watch?v=VEJ8lpCQbyw

[1]https://en.wikipedia.org/wiki/Moonraker_%28film%29
If they viewed driving drunk as an essential religious freedom, we would rightly punish them for endangering the lives of others.

Having an unvaccinated child in public is endangering the lives of others and should be treated as such.
This seems perfectly fine in so far as your choices do not generally harm society directly.

Home schooling your child will not cause an epidemic.

Its really only vaccination or lack thereof which has far reaching consequences.
True, it was approved by W3C and Tim Berners-Lee a while back (http://www.infoworld.com/article/2612478/html5/berners-lee-a...), and was criticized - understandably so.

For instance: If someone do research for educational or critical purposes, they have the right to use copyrighted material under "Fair Use" (US, UK and other countries have similar rules).

With DRM this would essentially block this right (if used on the material in question), which of course is not a good thing.

But it's great to see that HTML5 is now the preferred choice on YT.