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bank run day

Monday,  03/13/23  09:44 PM

Hi all ... hope you enjoyed bank run day!  Fortunately we have the government to save us, whew.  I'm pretty conflicted because I think the SVB collapse was bad governance, not our nor the government's fault*, so part of me would like to see them fail.  But confidence in our financial systems is important too.  Onward.

* government *are* responsible for inflation due to spending more than we create - Covid recovery, "inflation reduction" (aka infrastructure spending), etc., and that caused rates to go up, but bank managers should see these things coming...

Check out the shadow cast on Superstition Mountain, at right.  How cool is that?  And more than a little spooky...

Vivek Ramaswamy posted this list of working groups at Silicon Valley Bank.  Note the "Risk Group" ... focused on ESG!  

So you look at this list and think, "should we [the federal government] bail them out?"

Brent Simmons: "The complaints about the time change have for years been worse than the time change itself."  Heh. 

Philip Greenspun: how did Jamaica get to be so dangerous?  "When Jamaica gained independence in 1962, the murder rate was 3.9 per 100,000 inhabitants, one of the lowest in the world. In 2005, Jamaica had 1,674 murders, for a murder rate of 58 per 100,000 people, the highest murder rate in the world."  Yikes. 

This is awesome ... and scary: Whole Mars Catalog: Golden Gate Bridge on Tesla Full Self-Driving beta.  It's speeded up, which makes it scarier, but overall quite impressive.  Can't wait to have it myself! 

David Burge on Forbes: it's the Sports Illustrated curse, for con artists.  It's not easy being so consistently wrong! 

Interesting: Facebook and Instagram are officially done with NFTs.  They were never that engaged anyway; there's just no there there. 

Tomorrow is Pi Day ... we'll see what else happens!