Viewing profile — chernevik

Probably a polite way of saying she screwed up. She had a reputation as an indifferent navigator and aviator which is consistently downplayed.

Which is silly, because the whole point of integration testing is to show your bricks don't fit together as expected.

I don't understand how a lawyer who revised witness testimony is walking around free. Toss in jail and throw away the key.

It isn't as clever as it thinks. If an omnipotent God could arrange such an explosion, and we presume Him loving of all sentient creatures, He could easily arrange His explosion to…

Because downvotes are heavily used to say "I don't like this" rather than "this is not relevant". I've complained to HN about this and proposed solutions. They don't care.

Doesn't matter even if true. Anyone wanting to be taken seriously on "disinformation" would get as far away as possible from a place like Harvard in the first place.

Shakespeare's Brutus speech is brilliant, turning "Brutus is an honorable man" from econium to deadly sarcasm. "[Shakespeare's] version of Mark Antony's speech is probably the grea…

There was a time when even union members and liberals agreed that a public sector union was a nonsense concept. I think it was JFK that first permitted them, and since then they've…

https://archive.is/GBdPm

Very interesting walk-through showing the sort of credit SVB was providing startups.

Sometimes the process is the punishment.

What a shame. I'm by no means a photographer but I found their reviews incredibly helpful.

I've taught courses on SQL to newbies and learned a lot from it. My rule for the slide deck was "don't use a term you haven't explained". So I'd write a slide and check for new wor…

College was by and large killed when politics confused the correlation with higher income for cause. We've since wasted a lot of time and money "educating" people who didn't want a…

I think the VCs would have helped not SVB but their own portfolio companies. The amounts involved would have been small and the VCs would not want to admit to their own investors t…

I think you're describing money market funds, they take your cash and put it into very short-term commercial paper and t-bills. Google says they're managing something like $3 trill…

Anyone interested in such a thing would just keep their money in T-bills via a money market fund. Fast access, zero credit risk, but there is the hassle of sweeping/topping up the …

Banks use deposits to fund loans and profit by the difference in the rates paid by the loan and the depositor. It's a pretty good business model with a stable deposit base, but SVB…

Why weren't the likes of JP Morgan competing with SVB for this business? And notice that in 2018 SVB was explicitly relieved of the increased regulation accompanying the "systemati…

I'm sure they weren't lending to zero revenue companies but there are lots of new small companies with some revenue and capital that need some momentary liquidity: credit lines, br…

You're entirely right about the hostage scenario. Ultimately the VCs that guided their portfolio companies to use SVB and neglect obvious cash management are responsible for the an…

Unmentioned are the regulatory implications of 100% deposit insurance. A regulator liable for ALL the deposits becomes responsible for ALL the assets. Regulators are generally cons…

Yes, the excesses of the French Revolution were entirely caused by Louis XVI. The lengths to which people will go to justify revolutionary slaughter are really something.