yes, the absolutely basic thing is to make a proposed plan, and hire an engineer
he seemed to just show up to meetings and propose completely different things every time with no blueprints or engineering assessment, just “hey guys but can I do this instead”
I mean, the way the system works may be convoluted beyond that, but that’s entry level “how do I shot occupancy”
also every time he describes the site it reminds me of an EPA superfund site in my city that’s getting slowly developed with so many caveats
― mh, Friday, 19 August 2022 03:09 (one year ago) link
"an" engineer ... dude, you might need structural, mechanical, and civil engineers depending on the project ...
― sarahell, Friday, 19 August 2022 03:39 (one year ago) link
generally, the first person you go to is an architect
― sarahell, Friday, 19 August 2022 03:40 (one year ago) link
yes
― mh, Friday, 19 August 2022 12:59 (one year ago) link
move fast and break stuff amirite
― longtime caller, first time listener (man alive), Friday, 19 August 2022 14:54 (one year ago) link
everyone otm re pine bluff itt. ((man alive also getting points for knowing about the state's criminal, not civil, penalties against renters (which is a whole other subject.))
I can't talk about Pine Bluff. It's sad, it's tragic, it's a whole damn city that's dying a slow death.
But man. I won't say I enjoyed that man's misfortunes, but I sure did enjoy reading about them.
― pplains, Friday, 2 September 2022 03:35 (one year ago) link
https://i.imgur.com/4M7pRYt.jpg
A few years ago, the paper had a story featuring the mayor pointing at different piles of rubble in town, going "You see this shit?"
― pplains, Friday, 2 September 2022 03:37 (one year ago) link
I know, I know, in the UK they point at potholes.
― pplains, Friday, 2 September 2022 03:38 (one year ago) link
https://i.imgur.com/GODvMDN.png
Town so damn broke, the mcdonalds only got one arch
― pplains, Friday, 2 September 2022 03:41 (one year ago) link
That's some pretty impressive rubble.
― immodesty blaise (jimbeaux), Friday, 2 September 2022 03:43 (one year ago) link
https://www.youtube.com/watch?v=55lqCerTvVA
CEDELL SAID COME ON DOWN.
― pplains, Friday, 2 September 2022 03:43 (one year ago) link
― pplains, Thursday, September 1, 2022 8:37 PM (two days ago)
she should visit Oakland! So many piles of rubble to point at!
― sarahell, Sunday, 4 September 2022 04:47 (one year ago) link
the parallel valleys https://t.co/RxD3iB2vlo pic.twitter.com/4o7Ush2J1V— kate conger (@kateconger) September 26, 2022
― 𝔠𝔞𝔢𝔨 (caek), Monday, 26 September 2022 23:02 (one year ago) link
They finally put this genius on the 10 o'clock news:https://www.kark.com/news/local-news/theft-causing-problems-for-man-wanting-to-bring-science-museum-to-pine-bluff/
science-museum and pine-bluff in the same url. I finally lived to see the day.
― pplains, Saturday, 1 October 2022 02:51 (one year ago) link
Elizabeth Holmes gets 11-year sentence.
https://www.rollingstone.com/culture/culture-news/elizabeth-holmes-theranos-scammer-11-years-prison-1234630584/
― nickn, Friday, 18 November 2022 22:56 (one year ago) link
non-paywalled story:
https://www.cnbc.com/2022/11/18/former-theranos-ceo-elizabeth-holmes-sentenced-to-more-than-11-years-in-prison.html
― nickn, Friday, 18 November 2022 22:58 (one year ago) link
I didn't realize she was expecting a second kid... that's roughShe probably deserves it, but the kids don't
― Andy the Grasshopper, Friday, 18 November 2022 23:12 (one year ago) link
My mind went immediately to "she got pregnant to get sympathy/a shorter sentence."
― nickn, Friday, 18 November 2022 23:14 (one year ago) link
Ha I thought the same thing
And of course the prisons are full of parents, so...
― Andy the Grasshopper, Friday, 18 November 2022 23:14 (one year ago) link
Imagine if every Book is converted into an Animated Book and made 10x more engaging. AI will do this. Huge opportunity here to disrupt Kindle and Audible.— Gaurav Munjal (@gauravmunjal) January 21, 2023
― papal hotwife (milo z), Monday, 23 January 2023 00:25 (one year ago) link
The builders who survive (aka thrive) over the next several years will be those who are fundamentally self actualizing on some core vector via what they’re building.Too hard otherwise.— Geoff Lewis (@GeoffLewisOrg) March 8, 2023
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 8 March 2023 17:48 (one year ago) link
It says so much.
― Ned Raggett, Wednesday, 8 March 2023 17:51 (one year ago) link
"Bedrock is a technology investment firm in search of narrative violations."
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 8 March 2023 18:06 (one year ago) link
what happened to Silicon Valley Bank???
― sarahell, Friday, 10 March 2023 18:44 (one year ago) link
it almost seems like an old fashioned bank run - lots of companies pulling their deposits
― Andy the Grasshopper, Friday, 10 March 2023 18:52 (one year ago) link
I think it was exactly an old-fashioned bank run.
― G. D’Arcy Cheesewright (silby), Friday, 10 March 2023 19:07 (one year ago) link
what was the cause of it though?
― sarahell, Friday, 10 March 2023 19:10 (one year ago) link
Per SF Chronicle:
SVB lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities in which it had invested, thanks to rising interest rates, TechCrunch reported. On top of that, the bank was facing shrinking deposits as the tech industry struggled.Amid these concerns, the company announced it would sell $1.25 billion of its common stock to investors, $500 million of depositary shares and, separately, $500 million of common stock to private equity firm General Atlantic. After the announcement, shares in SVB plummeted nearly 70% before trading was halted before the opening bell on the Nasdaq, the Associated Press Reported. Clients began pulling out their money, leading to a run on the bank.
Amid these concerns, the company announced it would sell $1.25 billion of its common stock to investors, $500 million of depositary shares and, separately, $500 million of common stock to private equity firm General Atlantic. After the announcement, shares in SVB plummeted nearly 70% before trading was halted before the opening bell on the Nasdaq, the Associated Press Reported. Clients began pulling out their money, leading to a run on the bank.
But I'm sure there's more BS at work too.
― Ned Raggett, Friday, 10 March 2023 19:10 (one year ago) link
one of my very first bookkeeping clients 20 years ago had an account there, and they would mail the checks they received from customers to the bank for the bank to deposit ... I thought that was kinda dumb tbh.
― sarahell, Friday, 10 March 2023 19:11 (one year ago) link
SVB plummeted nearly 70% before trading was halted
So much for the 'free market'... so many of these companies welcome regulation-free laissez-faire markets, and yet still the paternal stock markets will swoop in and halt trading before things get out of hand
I say let 'em sink to the bottom
― Andy the Grasshopper, Friday, 10 March 2023 19:17 (one year ago) link
the money's not here. your money's in joe’s apes, right next to your apes. and in the full self driving cybertruck, and mrs. macklin's metaverse, and, and a hundred other memecoins pic.twitter.com/Iqo9JEyYQx— kilgore trout, death to putiner (@KT_So_It_Goes) March 10, 2023
― Ned Raggett, Friday, 10 March 2023 19:43 (one year ago) link
I mean in the case of banks it’s bc the FDIC steps in to liquidate the bank. This was the bottom.
― G. D’Arcy Cheesewright (silby), Friday, 10 March 2023 19:44 (one year ago) link
Unexpected fallout!
https://www.sfchronicle.com/food/wine/article/silicon-valley-bank-wine-california-17831927.php
― Ned Raggett, Friday, 10 March 2023 20:26 (one year ago) link
yeah exactly, it sounds like SVB is going to be allowed to fail and other than the FDIC insuring retail customers up to $250k, this liquidation is pretty much the definition of a free market.
if you have stock in SVB the value of that has been zero'd out as of today, notwithstanding what it says on your brokerage page. maybe it'll go up if the FDIC helps find a buyer for this pig.
― 龜, Friday, 10 March 2023 20:27 (one year ago) link
There is a zero perfect chance Silicon Valley Bank fails, despite the current bank run.There is no world where the US Gov let’s a top 20 bank fail to honor deposits.— Nick Huber (@sweatystartup) March 9, 2023
― 𝔠𝔞𝔢𝔨 (caek), Friday, 10 March 2023 20:44 (one year ago) link
good and sober piece on how SVB implosion happened (and why it was self-inflicted since the Fed has been telegraphing it’s moves for a long time…)https://t.co/145RjXPbJa— rat king 🐀 (@MikeIsaac) March 10, 2023
that tweet aged well xp
― 龜, Friday, 10 March 2023 20:56 (one year ago) link
matt levine seems to think theres a good chance another bank will buy it and make its customers whole since it still does have a lot of assets theyre just in illiquid bonds
― lag∞n, Friday, 10 March 2023 21:10 (one year ago) link
and the government is hard at work
I’m working with my CA colleagues to address the Silicon Valley Bank crisis. We must make sure all deposits exceeding the FDIC $250k limit are honored. Banking is about confidence. If depositors lose confidence on the safety of their deposits over 250k then we are in trouble.— Rep. Eric Swalwell (@RepSwalwell) March 10, 2023
― lag∞n, Friday, 10 March 2023 21:11 (one year ago) link
heres the levine piece https://archive.ph/pe8MY
thank you sir, looking out for the wealthiest underinsured people, and making sure they get more free insurance.
― 𝔠𝔞𝔢𝔨 (caek), Friday, 10 March 2023 21:23 (one year ago) link
pic.twitter.com/YW1XEPEzVv— Sam Biddle (@samfbiddle) March 10, 2023
― lag∞n, Friday, 10 March 2023 21:25 (one year ago) link
the bonds are actually very liquid since they're treasuries xp
― 龜, Friday, 10 March 2023 21:26 (one year ago) link
i mean you cant pay them out to the people lining up to get their money
― lag∞n, Friday, 10 March 2023 21:31 (one year ago) link
if i had my emergency fund in one of those weird little fintech startup banks people use for an extra $35.17 a year in interest i’d be moving it to marcus right about now, even if it was FDIC insured.
― 𝔠𝔞𝔢𝔨 (caek), Friday, 10 March 2023 21:33 (one year ago) link
Yeah those things seem super sketchy
― Andy the Grasshopper, Friday, 10 March 2023 21:36 (one year ago) link
they could sell it all the treasuries at once, but it would just mean that people wouldn't get all their money since i'm presuming they own less in bonds than they have obligations to their depositors/creditors... aka they're insolvent xp
― 龜, Friday, 10 March 2023 21:38 (one year ago) link
xp i have some cash in betterment earning 4%, i am OK with reaping the whirlwind for now. i dunno if i'd move it to marcus per se since goldman lost something like $2b on their retail banking division last year and the future is uncertain. (not saying that you'd lose your money, just that i dunno goldman might sell marcus or something and you might end up banking with like regional bank of the ozarks?) ally bank might be a better destination with less headache long term.
― 龜, Friday, 10 March 2023 21:41 (one year ago) link
https://www.cnbc.com/2023/02/27/why-goldmans-marcus-project-failed-and-what-it-means-for-ceo-solomon.html
― 龜, Friday, 10 March 2023 21:42 (one year ago) link
i would worry about goldman selling marcus if it happened. right now they seem like the best best for an emergency fund that pays meaningful interest.
― 𝔠𝔞𝔢𝔨 (caek), Friday, 10 March 2023 21:44 (one year ago) link