Readit Newswhat do y'all think of this given the recent activities
Maven911 commented on FDIC auction for SVB said to be underway, final bids due Sunday bloomberg.com/news/articl... · Posted by u/VagueMag
I don’t have any inside scoop because I’m not in that world any more, so take this purely as my personal opinion, but I wouldn’t be at all surprised if that happens.
A lot of seemingly successful business models are hard to distinguish from the beneficial effect of ultra-low rates and a stable, growing economy[1] so the sudden raising of rates is going to hurt a lot. I also think the full effects are taking a while to filter through into the real economy so I personally don’t think we’ve seen the worst impacts yet. I see a lot of empty office and retail space and know that someone took out a loan to build or buy that building and now don’t have the rental income to pay back that loan. Like I say just one person’s opinion so take it with a pinch of salt.
[1] Hence the famous Buffett quote. https://www.goodreads.com/quotes/43237-it-s-only-when-the-ti...
Since you're on this thread..who normally runs the investment decisions inside of a bank, whether retail or investment. Is there a CIO office or is that the function of their Treasury department? Does it go by other names?
And in your experiences in 2008, what sort of strategy planning/what if scenarios were being played out since it was unprecedented and no one knew what was going to happen the next day
Maven911 commented on Ask HN: Have IRL tech meetups rebounded in your area? · Posted by u/legerdemain
I wish I knew more about the Montreal area
There is a field of study called Mechatronics that combined Mechanics and Electronics though that is not the only path
For more hobbyist stuff, join the Lego FIRST competitions though note that the Mindstorms product line has been recently discontinued though Educators may still be able to obtain the Spike set. Look into open source ROS operating system
E.g. control engineers can also get into robotics and it's better not to havea more broad degree in my humble opinion
FIRST Robotics. Every team is run a little bit differently, but every team I've come across is always looking for more mentors. https://www.firstinspires.org/robotics/frc
A year ago I got involved with my local robotics team and began mentoring them as a way to give back. It's been very fulfilling, especially since the team has shown significant growth since then (3 students with 1 mentor => 12+ students with ~6 mentors).
I teach a robotics class and we use the Legos and it was super fufilling indeed (too bad mindstorms is being discontinued by the way)
Maven911 commented on A third of Pakistan is underwater from floods, climate chief says washingtonpost.com/world/... · Posted by u/pseudolus
With the deaths and displacements, there's also an estimated $10 billion of damages ready
In case anyone interested, UNICEF New Zealand is looking for donations: https://www.unicef.org.nz/appeal/pakistan-flood-emergency?ut...
Maven911 commented on Repairing an HP 3478A Multimeter with a Hacksaw tomverbeure.github.io/202... · Posted by u/picture
That's impressive. I've heard and the product manuals of most multi meters talk about the risk of shock when opening it up. Does anyone know how likely or rare that is?
Lower end, it did make programmability more accessible to more folks and enabled whitebox switches to compete against entrenched players to a far greater extent than previously possible. Again, hyperscalers are going to be the main folks who buy this kind of gear and run SONiC or similar on it, so they can own the full switch software stack.
Many of the startup companies in the SDN space did have successful exits into larger players - for example Nicira into VMWare, Barefoot (Tofino switch chip) and Ananki (the ONF 4G/5G spinoff) into Intel. Also, much of the software was developed as open source, and is still out there to be used and built on.