1,069 karma · joined August 22, 2016
I suspect the intent behind the position disclosure is so control is disclosed, not economic exposure. The design of the regulatory system in the US is that you're either regulated and thus have a lot of responsibility and reporting requirements, but you get better access to the market (Archegos's brokers); or you're 'unregulated' and have less (but access the market through a regulated company).
Also you don't usually get different margin treatment through TRS than you would through normal ownership. If you do, your prime broker is doing something stupid. Your TRS is a contract with them, they tend to just go buy the shares to hedge so it's usually exactly the same as buying your long through them (except you can't vote your shares, you don't get dividends and you can't lend your shares).
TRS also aren't really used to hide ownership but to get economic exposure when you can't actually own things for whatever reason. The Archegos collapse was mostly a risk management fault at Credit Suisse unrelated to the means they got that exposure through. Archegos's other prime brokers mostly liquidated their positions with no losses. TRS are transparent to your broker and to regulators
My second belief is that popular science articles are not good at explaining nuance, and tend to focus on human factors. Both of these are fine for lay audiences but should probably not be used to judge the health of the scientific process itself
The coolant leak: https://en.m.wikipedia.org/wiki/Soyuz_MS-22
The air leak: https://en.m.wikipedia.org/wiki/Soyuz_MS-09
In practice, SpaceX's approach of starting with an orbital rocket and adding reuse worked a lot better, given they started later.
It's worth noting that the Falcon 9 only reuses the first stage and payload fairings, with the second stage expended. I believe SpaceX's Starship is the only fully reusable rocket in realistic development
[0] https://www.ons.gov.uk/peoplepopulationandcommunity/populati...
[1] https://www.gov.uk/government/statistics/irregular-migration...
I think the blackouts have got wider support because users are also annoyed about losing the 3rd party app experience they know & love (and I speak as one of those users).
It feels like Reddit could have provided a few compromises here: improving mod tools before the API changes, opting moderators out of API charges and NSFW restrictions and providing a reasonably-priced per-account subscription allowing API access (so us old farts could keep the experience we know and love, at a reasonable price for Reddit) would all be welcome.
As far as I can see there's no additional information in the Canary article
There's more on the web if you search for her name: https://duckduckgo.com/?q=earle+deepest+dive
The JIM is a hard suit, so depth limits are very different to Scuba: https://en.m.wikipedia.org/wiki/JIM_suit
This article is from 2019: https://www.theguardian.com/money/2019/apr/22/britons-withou...
What I'm worrying will come out of this is pound-on-blockchain with no real effort to serve the currently-unbanked.
Also worth pointing out that the Pound (like every major fiat currency) is already digital: my bank account is stored in a computer, my payments are all electronic. Sure we still have paper notes but banks aren't backing their deposits with a big stack of those in a vault anywhere.
It was on HN a couple of weeks ago: https://news.ycombinator.com/item?id=33999162