Redoubts

Why is this better than parting up the company in bankruptcy court or receivership? (Or whatever the Swiss analog is).

> This realization creeped in around the edges with e.g. Byrne Hobart on February 23rd noting that one of the U.S.’s largest banks was recently technically insolvent but almost certainly in a survivable way.

If you’re wondering what this was, presumably this is the moneyshot of the paywall blog

https://twitter.com/byrnehobart/status/1628779894183272452

Not gonna lie, I feel like I've been reading this like a Rudin book, going back and over each paragraph again.

This is probably the companion report to have on hand while reading:

https://www.fdic.gov/analysis/quarterly-banking-profile/inde...

In particular

* Chart 8. Number and Assets of Banks on the "Problem Bank List"

* (Chart 13.) Unrealized Gains (Losses) on Investment Securities

Sadly, "Results are published approximately 55 days after the end of each quarter (i.e., 55 days after March 31, June 30, September 30, and December 31)." So there's nothing super new. Bit it strikes me that Chart 13 is going bonkers on unrealized losses, but Chart 8 isn't quite matching the same (assets in problem banks, and # of problem banks is going down since rate hikes??).

Really wanna see that number for 2023Q1. But the quote

> about a quarter of all equity in the banking sector has been vaporized by one line item.

Struck me as pretty wild.

Not gonna lie, I feel like I've been reading this like a Rudin book, going back and over each paragraph again.

This is probably the companion report to have on hand while reading: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/...

In particular

* Chart 8. Number and Assets of Banks on the "Problem Bank List"

* (Chart 13.) Unrealized Gains (Losses) on Investment Securities

Sadly, "Results are published approximately 55 days after the end of each quarter (i.e., 55 days after March 31, June 30, September 30, and December 31)." So there's nothing super new. Bit it strikes me that Chart 13 is going bonkers on unrealized losses, but Chart 8 isn't quite matching the same (assets in problem banks, and # of problem banks is going down since rate hikes??).

Really wanna see that number for 2023Q1. But the quote

> about a quarter of all equity in the banking sector has been vaporized by one line item.

Struck me as pretty wild.

> a Chief Diversity Officer doesn't really "own" any sub-organization of the business.

So what you're saying is we need commissars ;)

Why not round-robin the dollars, so the people with the most uninsured cash take most of the hit?

This is why I liked Hydrogen Audio the best. If you ever made a claim about sound quality that didn’t include evidence of double-blind testing, you got banned from the site.

Basel III

https://www.ft.com/content/c95e7708-b903-405d-a017-963844eb3...

Good news is Wagner just opened up recruiting centers in Russian 42 cities.

For anyone senior, it absolutely is.

https://twitter.com/patio11/status/1627276892226322432

That's a pretty wild tradeoff though!

> So where are all you interviewing that pays competitively without this "traditional" interview loop?

You see people on HN balk at 500k+ engineering jobs even existing, so I think that's your answer.

A lot of us aren't gonna leave 5x the wage on the table.

> is something that can't be justified except by terrible people.

I have bad news for you about the people commenting in this thread.

I would finally learn vim to use this.

> What role RealPage’s software has played in soaring rents — which in the decade before the pandemic nearly doubled in some cities — is hard to discern. Inadequate new construction and the tight market for homebuyers have exacerbated an existing housing shortage.

K.

And what’s a postmortem going to look like?

“Don’t worry, we stuck the flight data recorder in the training set, and rebuilt the model. Should be good to go now”?

*credibly :)

But then it’s hard to claim that such a system is targeting any one specific place.

Shame they can’t just gun them down with a tucano. This all seems like a large waste of money.

> DO NOT OPERATE ON CRITICAL CODE WITH THE TRIAL FONT. WE ARE NOT RESPONSIBLE FOR DAMAGES TO YOUR MAINFRAME SYSTEM OR OTHERWISE.

The styling on this site is so neat

People have been trying exactly this tho?

https://apnews.com/article/sandy-hook-school-shooting-reming...

https://www.gov.ca.gov/2022/07/12/new-california-law-holds-g...

The second link feeling much closer to direct government action.

I beg you to look at demographic trends in SF over the last 50 years.

Growing past thousands of people is very hard to do “correctly”. Maybe it’s not even possible.

Do you think it does? CS is a field with many wild ideas and I don’t think python is that far into the weeds. Definitely not around 2018 when this was written. A lot of it’s big problems are 90s-scripting-language problems.

Yeah, as much as I hate python (after 10 years of a career based solely in it), “There are only two kinds of languages: the ones people complain about and the ones nobody uses.”

Although if I made a list it probably wouldn't match this one. Reason 1 and 2 are basically the same, and yeah this sucks and I wish I could just build a static binary like Go. I'm surprised more languages don't make this very easy!

Reason 3, I can't care about the whitespace debate anymore. But

> Deep nesting is permitted, but lines can get so wide that they wrap lines in the text editor.

??? This article is 5 years old, and we have black now to solve this; but I'm pretty sure most production code bases have had hard line limits in the style guide.

Reason 4,

> Finding a list of what can be imported is non-intuitive. With C, you can just look in /usr/include/*.h. But with Python? It's best to use 'python -v' to list all of the places it looks, and then search every file in every directory and subdirectory from that list

I don't think C/C++ is actually that much better at this?

> In contrast, many Python modules include initialization functions that run during the import.

They can but they commonly don't. A lot of python is about "we're all adults here", and that works surprisingly well.

Reason 5

> In every other language, arrays are called 'arrays'. In Python, they are called 'lists'.

I mean there's a good reason for that, and I don't think C++ would call that data structure an `array` either.

> Python seems to go out of it's way to not use the common terms found

Honestly CS loves to give +3 names to basic things all over, this isn't new to python. I don't think the author's chosen ones are correct.

Reason 6, I think newer languages are doing similar things with strings that python did, so I'm gonna say the wider community things this was a decent thing to do. And I'm not sure triple quotes is as complicated as =/==/=== in JS.

Reason 7,

> This means that changing the source variable may end up changing the value.

If you mutate an object I'm not surprised the change is propagated. But there are immutable values, notably strings, that will not work this way. I can't say this author shows much experience with any language in depth.

Reason 8, I don't think I've ever heard of someone complain about namespacing like this, and then compliment C.

These reasons all feel the like "it's not like the first language I used" rather than real issues.

What about default mutable arguments? What about namespacing of loop variables (and other wild ass shadowing rules when you do nested functions)? What about tooling??? You haven’t lived until you’ve made pylint or MyPy crash. And when they work, they are slow! And MyPy can be unstable in results on large code bases!

Private companies can be treated as infrastructure, and of course private companies are free to operate in a way that reduces faith in their reliability.

> Contact a member of our team today to learn more.

I feel as tho the article ended right when it got to the question at hand.

A lot of other cool things happen when you do that too.

> Of course, the CC companies and banks would be happy to give you a loan with outrageous interest rates, but that takes a phone call

I mean it’s exactly the same here, except the loan doesn’t require a phone call. There’s no interest if you pay off your card every month.