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remote_phone

2,527 karma · joined May 24, 2018

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remote_phone··on WWE Agrees to Merge with UFC
I’ve loved wrestling ever since I was a kid as well. I thought it was real until my dad pointed out that the a first person introduced always lost. That’s shattered my innocence but I started enjoying it more as I grew older because I could enjoy it as a joke/performance.

I watched it when it was called the WWF and stopped watching it just before it got renamed to the WWE so I’m less familiar with all the newer wrestlers from the last 20 years but I’ve seen the greats live, like Rick Flair. Being able to “woooooo!” with the entire arena was fun as hell even though we all know it wasn’t a real competitive event.

remote_phone··on What broke Sweden? Real estate bust exposes big divide
This is wrong. Vancouver was never “affordable”. My family moved to Vancouver in the mid-80s and it was by far the most expensive place in Canada. Prices had already climbed rapidly by the time we got there and prices never crashed for 40 years. At worst, it was flat for a few years.

Our 1000 sqft house in the West End was almost 300k in the mid-80s and our family was struggling financially but we were in the best school district so my parents made the sacrifice. It was almost double the price of a much larger house in suburbs of Toronto.

East Van was cheaper but still expensive relative to other cities. Vancouver house prices has always been a mystery because there is no inherent industry to pay for it. Locals blamed Asians but Germans were larger demographic in terms of immigrants but you couldn’t identify them as easily.

remote_phone··on Senate Bill to Ban TikTok
It’s not about privacy and security it’s about propaganda and controlling what our citizens are influenced by.
remote_phone··on I don’t want a new phone, but I’m probably buying one
Had OP tried changing the battery? It might be the better that is causing slow performance.
remote_phone··on Tell HN: Reddit removed i.reddit.com and reddit.com/.compact
The new ui is unusable in my opinion. I dare them to get rid of the old interface.
remote_phone··on Hyundai promises to keep buttons in cars
Ive never had a Hyundai but I recently rented a Sonata and wow! It had all the high end perks of other cars like top down parking view and a beautiful widescreen for my apple CarPlay! And driving it was great! I was seriously impressed and I enjoyed driving it for the several days I had it.
remote_phone··on SVB Hall of Shame
You don’t know what the definition of insolvent is, if you believe that.
remote_phone··on Is something wrong with Amazon Photos? I lost 240k photos
I have 4 backups (and growing) of all my important digital things especially my photos. I have two separate overlapping backups and every few year I buy a new hard drive and put the old backup drive in storage. I will continue to do this until I die.
remote_phone··on Certifications create wrong incentives for engineers and recruiters
The one thing where I disagree is Cisco certification. CCIE, at least back in the day, was the gold standard for network engineer. It was pretty much required if you wanted anything to do with networking. I’m not sure now if that’s relevant but I think it can’t hurt.

Programming certifications definitely look terrible. I would rather interview someone with a side project than someone with a cert.

remote_phone··on When did SVB insiders begin to realize they were in trouble?
On a mark to market basis ALL banks are undercapitalized. What do you think the banks did in the last several years besides buy bonds at 1.5%?

That’s why there’s a distinction because it gives an invalid view as well. Plus there’s a footnote in the 10K that gives the value at fair value.

remote_phone··on Yellen says government will help SVB depositors but rules out bailout
Their goal isn’t to see a run on SVB. But to save their investments they all told their startups to pull their money which cause svb to collapse. Now they want the rest of their money safe which is why they want a bailout.
remote_phone··on Yellen says government will help SVB depositors but rules out bailout
When the government has to step in and use money to back things up, that’s a bailout. “Making depositors whole” can only be accomplished if the assets owned by SVB are bought for more than their market value, where the government is on the hook for the delta. That’s a bailout.
remote_phone··on Yellen says government will help SVB depositors but rules out bailout
Depositors will get a “special dividend” next week which is about 50% of their deposits. The other 50% will be coming as they sort out and sell the assets which would take a couple of months.
remote_phone··on Yellen says government will help SVB depositors but rules out bailout
The only depositors at risk at startups. All regular people are made whole. And they are getting ~50% of their holdings in the next week. Why are VCs clambering for a bailout? The system works as designed. No need to do anything else above and beyond.
remote_phone··on Yellen says government will help SVB depositors but rules out bailout
The truth is VCs are terrified their investments in their startups are going to go to 0. That’s why the biggest most vocal people are VCs talking about this. So they are framing the “we need to make depositors whole” as if they care about small business when really they are just talking their own book.

The real solution is that VCs should give a loan to all their startups so that they can make payroll. Isn’t that their value-add? They should be the backstop for their investments. But instead they want the government to step in.

It’s another example of “socialize the losses but privatize the gains.”

remote_phone··on First Republic Bank files 8-K – Tech only 4% of total deposits; no sector >9%
The main issue is no longer tech.

It’s whether or not they have HTM assets that will bring them under if they have a run on the bank. A lot of the depositors are rich Silicon Valley residents and they may get spooked and pull their money. That’s the issue in this phase of the contagion.

remote_phone··on Stripe faces $3.5B tax bill as employees' shares expire
This is completely Stripe’s fault for not going public sooner. I hope Stripe and Uber become lessons on how not to let your company stay too long as a private company.
remote_phone··on It’s Not TV: The Spectacular Rise, Revolution, and Future of HBO
HBO is the only streaming service I am willing to pay $15/month for. I feel like the quality of their shoes are better than any of the rest especially compared to Netflix. Netflix content is very hit or miss but the last bunch of shows and especially the movies were terrible.
remote_phone··on The Tunguska Mystery 100 Years Later (2008)
The entire world would have detected the meteor that large and been warned
remote_phone··on Physically Demanding Work Tied to Male Fertility
Probably because many advanced countries can’t thrive financially with only one spouse working. In many countries it takes but people working in order to afford things like a house in a safe enough neighborhood to want to think about kids.
remote_phone··on Excess weight, obesity more deadly than previously believed
I’m in my 50s and I will tell you that your metabolism changes. I was on strict low-carb and I hit a wall in terms of weight that I couldn’t get past. When I did low carb in my 30s I easily lost about 40 lbs but this time around I maxed out at 20 lb weight loss and couldn’t push it further.
remote_phone··on De-Extinction? Surely You’re Joking
That exists today in areas where you have to pay the fire department separately.
remote_phone··on De-Extinction? Surely You’re Joking
This author spends a lot of time pooh poohing the idea without considering the fact that research could result in techniques that don’t exist right now. That’s the whole point in science and investing in research!

How about instead of bemoaning how “money could be better spent on conservation”, the author could pursue that route (they won’t) and let people who are interested in research do what they want to do?

remote_phone··on Hundreds of changes made to latest editions of Roald Dahl's books
You don’t get to decide the definitions of terms. Historical revisionism is BY DEFINITION the reinterpretation of history. Which as you have admitted, is exactly what 1619 is doing. Therefore 1619 is historical revisionism.

If you dare to say that 1619 is wrong, you get tagged with the “racist” term like you just did to me. Even though I’m a liberal that calls out bullshit when I see it.

remote_phone··on The design of in-car climate controls has gone backward
Touchscreens should be outlawed. End of story. They are extremely dangerous. I’ve driven a Tesla for 5+ years now and I hate with a passion how the temperature interface is. It’s the single worst thing about it. And tesla loves changing it every few months including location. That should be outlawed as well.

A year ago they changed the air to a sliding bar which was inconceivably stupid. It was straight up dangerous to try to change the air level while driving because not only did you have to look to get your finger on it, it was so sensitive it was hard to get it to the level you wanted.

They should outlaw changing the interface of a car once it had been released. This isn’t a computer it’s a car. Lives are depending on it and the hubris tesla had to change it Willy nilly is infuriating.

remote_phone··on Hundreds of changes made to latest editions of Roald Dahl's books
Any type of censorship is stupid. We, the regular people, are getting attacked by both sides and I’m getting so sick of it.

Before censorship used to be the bedrock of conservatives but now more and more it’s both sides that think it’s okay. To a GenX liberal, I’m sickened by the current state of politics these days.

remote_phone··on Hundreds of changes made to latest editions of Roald Dahl's books
If you own the old books you should be thrown in jail for promoting hate.

/s

remote_phone··on Hundreds of changes made to latest editions of Roald Dahl's books
Yes. Look at the 1619 project. Historical revisionism is exactly what that is all about.
remote_phone··on How pervasive is corporate fraud?
This “paper” is shit.

They get the most basic function of auditing wrong. Auditors are taught from the beginning that they do not look for fraud. You should not expect auditors to detect fraud. My wife is in finance and I have a dozen Big 4 auditors as friends. This is one of the basic things hammered into every auditor from day one. Auditors do not look for fraud.

If they happen to find fraud they need to report it. But they don’t go into an audit looking for fraud.

Second, using restatements as a measure of fraud is stupid. restatements can happen for a bunch of reasons, the least of which are fraud. Very often people make mistakes and thats why every company has a tolerance of error called materiality. Sometimes errors aren’t detected for many quarters and would cause a restatement.

As well the auditing rules leave room for interpretation. There is always dynamic tension between the accounting team of a company vs the auditors. The fact that a company and auditors gets things wrong and then for this to be classified as “fraud” is stupid. It’s most often times not fraud. Sometimes the audit partner changes and their opinion is vastly different from the previous partner which causes a lot of regurgitation of the financials and likely a reevaluation of the contract. But the audit partner doesn’t want to lose her job or go to jail so I think for the most part having strict laws and tough punishments is very motivating for auditors.

That said, I worked for a company that got shut down for true fraud. The cfo and ceo lied about sales in order to make their numbers. They both went to jail but this is the most basic fraud and they went to jail for a long time.

remote_phone··on Intuit pouring money into lobbying amid push for free government-run tax filing
They’ve been doing this for decades now. This isn’t a surprise in the least nor do I expect them to stop unless someone speaks up for our rights.

I have a very simple tax situation. I get a paycheck twice a month and sometimes I buy and sell shares. The idea that I have to go through a multi-hour exercise when all of this should be accomplished via computers automatically is stupid to me. It’s companies like Intuit that are trying to protect their moat and hurting us when it should be a quick payment or refund form we get once a year like a Costco rebate check.

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