raincom

51 ms·

661.
by raincom 4y ago
Execs don't get punished at all because of the collusion between boards of directors and executives. This collusion comes into being because both directors and execs belong to the same class. This is not the case with others (the relat
662.
by raincom 4y ago
Post the dot-com crash, a lot of people (both techies and non-techies) felt that tech was not a stable career. However, when Facebook didn't want to collude with big tech companies about salaries, salaries have become skyrocketed (as a
663.
by raincom 4y ago
A lot of human activity is mimetic--from learning slang/jargon, accents, all the way to hiring and laying off people. If one top tier VC invests in a company X, other top tiers pile on X, thereby increasing the valuation multiples.
664.
by raincom 4y ago
High interest rates are product of high inflation. That's why 2% inflation target means 2 percent interest rate target. Nominal interest rate = inflation rate + real interest rate.
665.
by raincom 4y ago
I have been to many villages in India, where even local streets are narrow, hard to navigate for cars. And people love to occupy a few more feet from the street for personal use (you can see this behavior in cities too, by extending buildin
666.
by raincom 4y ago
A typical Indian family cleans their home twice a day. The dirtiness has to do with public places. In villages, all trash end up being in creeks--eventually ending up in oceans. In mega cities, sewage systems don't work, and they are n
667.
by raincom 4y ago
In any algorithm, you see temporary data structures, ranging from string variables to abstract data types(say, arrays, queues, stacks, priority queues, etc). So you have to remember which to use in what kind of problem solving: in depth fir
668.
by raincom 4y ago
Just give another month for Apple to start laying off. Apple has started to do badge audits for RTO (Return to work). The upper management might have thought of layoffs. Since Google is laying off 10K, this gives more ammo for Apple to join
669.
by raincom 4y ago
That thinking is based on the thesis that deposits create loans. However, it is the other way: loans create deposits.
670.
by raincom 4y ago
Yes, if the funds are not taken away from the destination account and if the Turkish/Kazakh bank is cooperative, but not when funds are cleared out of Kazakh/Turkish banks.
671.
by raincom 4y ago
You can transfer your assets to your kids or to whoever you want to. However, you can't transfer your high paying job to your kids or to whoever you want. That's why every middle class person is into owning many rental properties
672.
by raincom 4y ago
Use Zelle to transfer to the people you know--that's the intended purpose of Zelle. If you are buying a service/product, use credit cards or PayPal.
673.
by raincom 4y ago
I like Zelle, as it is not considered a payment network for tax purposes. Second, it enables money transfers between trustworthy parties. Instead of sending a check for $x (less than, say $3k), I can transfer $x right away to a friend&#x2F
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by raincom 4y ago
"Zelle transactions made between Jan 14 and Jan 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize fo
675.
by raincom 4y ago
Battery swelling = battery replacement. I suggest you replace the battery. Don't wait, as swollen batteries can explode. Apple will charge $200 to replace, or try a local authorized dealer. You can try install the battery yourself by o
676.
by raincom 4y ago
Indeed, programmer salaries even in the Bay Area are bimodal.
677.
by raincom 4y ago
Everyone access happiness through the world (work, money, people, events, trips, etc). What happens to everyone is this: whatever things that give access to your happiness, cease to be be that conduit to happiness after sometime; so, you en
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by raincom 4y ago
Even for online banking, many suggest to use a google voice number for 2FA SMS, thanks to sim swap attacks. However, some banks don't allow google voice numbers.
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by raincom 4y ago
Use these services: HideMyEmail on iOS masked emails on Fastmail Firefox relay DuckDuckGo email protection
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by raincom 4y ago
If organizational goals are centered about building X with half-baked features and then kill it after the perf review cycle, it is rational for everyone to focus on that. Stop wasting time on fixing tech debt. There is always a main product
681.
by raincom 4y ago
That depends on the unemployment rate of white collar workers.
682.
by raincom 4y ago
There are two competing hypotheses: (a) deposits create loans (fractional reserve system); (b) loans create deposits (This is from some sections of post-Keynesians from Wynne Godley, MMT, etc). Only the mainstream folks teach (a).
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by raincom 4y ago
Berkshire Hathaway is a conglomeration of companies, each run by its own CEO. It is more like a private equity with a long horizon.
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by raincom 4y ago
Improving the main product or exiting products is seen as "maintenance". Industry doesn't give bonus/RSUs/promotions for maintenance. It is always gonna be a shiny new project, which gets promotions/bonus/
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by raincom 4y ago
In legal contracts, definitions are not only necessary, but also protect both parties. That's why definitions are added in contracts. There are definiendum (a term that needs to be defined) and definiens (that does the defining). Defin
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by raincom 4y ago
Recent discussion on a similar post: https://news.ycombinator.com/item?id=34246136 Some relevant articles/posts: https://news.ycombinator.com/item?id=33732863 https://erictopol.substack.com&
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by raincom 4y ago
ChatGPT bullshits, because almost all humanities are occupied by bullshitters. Best example from this blog post itself: “It is difficult to say whether these events show that the humanities have been “infiltrated by bullshitters,” as this w
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by raincom 4y ago
In many third world countries, teachers/professors are abysmal and incompetent. So, if the US can grant student visas to people who can afford the US tuition fees, these colleges can be filled up with foreigners.
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by raincom 4y ago
Founders should have hired the best spammers out there for this task. Spammers run their own domain registrars to create domains on the fly, and create sophisticated mail instances.
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by raincom 4y ago
These folks were building up the right resumes for Ivy league admissions. Next time, you hear about "local soup kitchen", "helping build schools/hospitals in Tanzania", "some exotic sports". You can see th

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