The bank was nearly fully capitalized with low risk investments. Everyone would have gotten their money back anyways, it would have just taken 5-10 years.
Imagine what would happen if startups could not access their capital? By the time funds were available for withdrawal, the businesses would be dead. The regulators then have to track every funder to every dollar to return money. It would take a decade for this to happen.
At the same time, these startups all had a CFO whose job was to manage that financial risk. What if they had a late payment from customers or a supply chain delay, or were simply locked out of their accounts due to a cyber event or unavailability of a key employee? Did they have any contingencies like line of credit or instruments outside SVB? They took other risk reductions like insuring their office space, etc.
In addition every offering and statement from SVB shows >$250k is not insured but they treated it like nothing bad could ever happen there. Even your average retiree knows their life savings in a bank is only covered to FDIC limits.
This risk for businesses with cash is not new. Financial services like sweep accounts, negotiable instruments, etc. existed for decades. Is it just that SV entrepreneurs are too smart or not smart enough to manage these risks? Or was it the VC firms that forced their hand by requiring them to bank at SVB (noted as a VC funding requirement by others on HN).
The companies can sell their invoices or ownership of their deposits on the market, or use it as collateral for recovery. The CFOs job was to manage financial risk. They failed at this and their companies are at risk because of it. The FDIC takeover means they have unfettered access to at least $250K as of today, so it’s not quite as bad. And the FDIC will unwind SVB’s current assets through their insurance trust or by finding a buyer. The SVB stock and bond holders will lose, the depositors will lose much less.
But it makes you wonder how long the C-suite knew this liquidity issue given they had no risk manager for most of last year (also noted in other HN articles).
I didn't see catch this part, but having 10 notes over 4 octaves is not out of the question. If all of those notes are rhythmic, that could be a challenge. All of the fairly wide chords I saw could be played either with sustain or could be easily substituted with spread chords.
Pop pianists don't usually play what's exactly on the page.
Question. From my experience, GitHub uses the `github-amo` bot to fetch the data when the page is rendered. How did you prevent it from cacheing on GitHub's servers?
I was wondering the same. Seems like returning a no-cache value for the Cache-Control header prevents the Camo service from caching the image [0].
My browser did however cache the latest image (which is why I thought the system was not working for a second), and I'm not sure how to get around that.
EDIT: I see. The no-cache causes the Camo service to refetch the image every time it is requested, but it still applies a 4 hour cache time to the response to the browser so it is anyway cached on the client side.
I think in the specific case of casting a float to an int, more instructions will be added, but it doesn't have to be a branch. Here it looks like rustc emits a conditional move: https://godbolt.org/z/1cfqof
Same goes for Germany. Companies may not ask for one by law, but its considered good form by most (through some progressive companies are starting to ask you not to send one).
For one it's a bit of a cultural standard - like appearing in a suit for the interview; it doesn't show your qualification, but it shows basic etiquette (it's no longer as usual as it used to be and not the best example, but I think it gets the point across). Also, an image helps you form a more personal connection to a person.
But I'm not a recruiter myself, so take that with a grain of salt.
Some societies believe it is acceptable to judge people based on their appearance. Arguably, most people do it instinctively. It is just that in America it was deemed illegal. I know there's an epidemic of plastic surgery taking place in some Asian cultures - people getting cosmetic surgery so that they can be employable.
Right or wrong, that is how some societies are functioning.
Sure, it is, and that's why you may not require one. But I can see why people would want that, even with no malicious intention, which was your question :)
Yeah, ditto for Estonia - when I was screening resumes I was shocked to see that everyone was including an (unsolicited) headshot... also many people would write their age too and even sometime their marital status.
It probably helps that Julia and Fortran are both column major.
When interfacing with C languages, that can be a big penalty (depending on the complexity of the algorithm).
It will probably take two generations of developers to make this happen, but well worth it. When I was studying atmospheric science I tried to understand OpenWRF (weather research forecasting) and the barrier was too high... And I had programming experience, imagine those with none!
An open source project is only as useful as it is accessible to it's average developer base.
Somewhere there is a programmer that tried to fix a bug in 10+ year old legacy code (mso98win32client.dll) who has learned the bugs of legacy are features of today.
