Hongwei

8 ms·

31.
by Hongwei 6y ago
The consequences are supposed to be inflation. Instead, we seem to only get asset inflation (houses, stocks) and not consumer goods inflation (flour). From a former econ prof who I spoke to recently: the central bankers aren't thinki
32.
by Hongwei 6y ago
- why tax people? So that common services (eg. healthcare in Canada, education everywhere, roads) can be collectively paid for. - why even work? Can't we just print enough money for everyone and live happily ever after? Because there w
33.
by Hongwei 6y ago
Anyone know who his VP pick will be? I know this won't happen but it'd be funny if he picked Obama.
34.
by Hongwei 7y ago
Yes 1) The immediate impact is the retail and entertainment sectors, which employ a large amount of the population. The loss of incomes and consumer confidence from those people will cascade. They'll buy less cars and appliances. Car c
35.
by Hongwei 7y ago
That's basically what it is. Another way to think about it is it's a way for the World Bank / WHO to buy insurance against pandemics. Sell high yield bonds that default when a pandemic happens.
36.
by Hongwei 7y ago
Somewhat related - pandemic bonds will now pay out towards relief efforts and investors will lose their money. Matt Levine does some analysis here: https://www.bloomberg.com/opinion/articles/2020-02-19/the-fi
37.
by Hongwei 7y ago
My limited understanding understanding is that it automatically releases funding (from the WHO and other bodies) to help with the crisis. It should also trigger some catastrophe and pandemic bond clauses, meaning investors who bought these
38.
by Hongwei 7y ago
And it's quite scary if you consider the amount of methane stored in Siberia and northern Canada. https://en.wikipedia.org/wiki/Clathrate_gun_hypothesis
39.
by Hongwei 7y ago
Canadian universities have had some questionable incidents around free speech [1]. So I wondered as I was reading this if this is, as the prof says, "cancel culture." However there's this ... "Crockford is a signatory o
40.
by Hongwei 7y ago
Facing your fears is much easier said than done. Ben has done it. His experience, and the way he describes them, speaks to me. His first book, the Hard Thing About Hard Things, is therapy for founders. I don't think he's trying to
41.
by Hongwei 7y ago
I think SpaceX is private and has healthy positive cashflow, so this shouldn't be a factor?
42.
by Hongwei 7y ago
I think the shenanigans they were pulling (crazy governance, conflicts of interest enriching the founder and wife, bad acquisitions) were obvious to the HN and analyst community, but possibly they hoped it would be over the heads of retail
43.
by Hongwei 7y ago
Even simpler: it's fraud and they got caught. Hopefully it doesn't paint other great IPOs in a bad light.
44.
by Hongwei 7y ago
Anecdotally, no one in SV ever believed in WeWork except Softbank. I couldn't find anyone to take the Bull case on WeWork, whereas at least some people could argue Uber had a real business model that depended on self driving cars. WeWo
45.
by Hongwei 7y ago
Great point, your analogy is better.
46.
by Hongwei 7y ago
I live/work in Waterloo and regularly ask a favour of the Quantum Nano Centre folks at UWaterloo for a tour. Every time I look at the "computer," housed in a gigantic facility where each qubit has its own liquid nitrogen cool
47.
by Hongwei 7y ago
I worry any owners will develop a pathological hatred of specks of dust.
48.
by Hongwei 7y ago
"The proposal opposes nuclear energy and carbon capture and storage technology." Ugh
49.
by Hongwei 7y ago
It could be the most complete business model they've defined - that and interest on Libra deposits. Surely, the value of creating a new global financial payments platform and being the incumbent/biggest player will be fully rea
50.
by Hongwei 7y ago
How big is this GDPR fine going to be?
51.
by Hongwei 7y ago
It seems to have been hugged to death (at least for me in Canada)
52.
by Hongwei 7y ago
Not sure how many here would have used BBM or BlackBerries, but it was iMessage _years_ before iMessage came out. And for a few years after the iPhone, the network effect of your contact list on BBM was the main reason to keep using a black
53.
BBM (BlackBerry Messenger) is shutting down on May 31(techcrunch.com)
3 points by Hongwei 7y ago|1 comments
54.
by Hongwei 7y ago
I was shocked by how much the Airpods cost, and yet still ended up buying a pair. Have been absolutely delighted. I guess I wasn't alone!
55.
by Hongwei 8y ago
I recently asked the founder of a pretty big GIS company how they handle plagiarism. The answer: "we don't bother. [we just monetize services on top of open data.]" So it looks like the intentional errors method didn't w
56.
Trump to declare emergency and build border wall(bloomberg.com)
1 points by Hongwei 8y ago|0 comments
57.
by Hongwei 8y ago
Wasn't Jamie Dimon (JP Morgan CEO) a vocal skeptic of bitcoin and crytocurrencies a year ago? https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-...
58.
by Hongwei 8y ago
Curious to see how this goes. IANAL, but wondering why it's taken 3-4 years for this claim to surface? Is there a statute of limitations on IP infringement? If I'm Ford, I surely would have triple checked every IP angle before put
59.
by Hongwei 8y ago
Am also confused by this (and hoping this comment would get some love!)
60.
by Hongwei 8y ago
Nothing in the article is substantially new, as someone who's been following this story closely. Perhaps coverage of this story for you as (presumably) an American is lighter than it has been for us up here. That's okay, and I was

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