In instance #1 there may be customers or a customer base that has value above the liabilities.

Most likely it's instance 2.

A shady exchange used customer deposits as collateral, and a US bank gave them loans to run their exchange like a hedge fund operation.

Your take is that "decentralized" financial markets are the problem...?

Do you think your bank is doing any different with your deposits after Glass-Steagal was removed? Don't you ever wonder why we had to bail out the banks in 2008? Cuz your deposits were in jeopardy as BofA leveraged 30 to 1 on your cash. Same-same, just too small to bail out here.

Deregulation is the problem.

Or maybe there's less demand as the economy stagnates and prices continue to climb.

The specs on the now defunct 12gb 4080 = a 4070 if related to the past cards. This wasn't a mistake it was a repositioning so that in the future they can make a 4070 that's actually a rebadged 3080ti (because they have oversupply of those chips ordered from TSMC and the AIB vendors are pissed).

They thought they could get away with up-badging.

The current 4090 is really what would normally be a 4080 or 4080ti (~2x perf over previous gen card 3080ti).

The current 4080 16gb is what would normally be a 4070 (it's ~2x perf over 3070ti).

The current 4080 12gb is less cores, not just ram and would be a 4060.

They need the 4060 moniker cleared for a rebadged 3080 chip due to over supply.

No one missed what was happening, but a few missed why it was happening. EVGA sure didn't miss it.

Taxation would take money out of supply if it went to pay down debt, if it's spent back into government spending then it is a net-zero impact versus inflation.

Generally speaking what happens when taxation rises, it causes employment to rise as wealth then uses labor instead of buying assets, because labor is a tax deduction. Net effect short term is definitely deflationary, but also drags the economy at the same time.

Adding immigration probably reduces food costs and in some ways inflation, but won't solve the underlying problem. Which is that during the last 2yrs we printed 40% of all the US$ ever created into the system and put it into inflation of housing values. You have 8% inflation now (USA) and 5% inflation last year...13% off of the 40% so far. Unless they break the economy you have ~4 more years of this. So they will break the economy, push unemployment and destroy the middle class...or...we could raise taxes on the wealthy and use it to pay down debt (at least some of it).

If it wants to continue as the reserve currency for the world, it does owe them proper handling of valuations.

The Fed Reserve is a group of US Bankers, not an agency of the US government. It's quasi-government where the president appoints a chair to the Fed (congress rubberstamps it), but that's about it. It is this way because politicians are horrible at doing the correct thing for the money, choosing to get re-elected rather than promoting healthy businesses thru proper banking. That being said, greed from bankers eventually corrupts in different ways within the banking sector so oversight is necessary too.

If developing countries economies slow (such that their currency devalues), it actually makes jobs move out of the USA. Strong dollar (anti inflation) = more costly to buy US goods. Exports slow, jobs move out, but the stuff you buy in the USA gets cheaper, because that TV you are buying was cheaper to build. So you have that backwards there: raising rates = stronger dollar, stronger dollar = cheaper to produce in foreign countries, cheaper to produce outside the USA = jobs leaving the USA.

Raising rates puts pressure on foreign countries if their businesses are borrowing money denominated in US$. See locally they usually get an 8-12% rate from their local banks, sucks, but the US banks will lend at 3-6% in US$ valuations. This is attractive, but only as long as the US$ is stable against your currency in say Japan. You borrow $1M @ 3% as a Japanese business, US$ denominated, ok. As long as the Japanese $yen is stable, even if it's 100Y to 1 USD then you have a 3% loan. But the Fed is raising rates fast (by historical standards) to combat inflation, now the US$ is gaining on the Yen fast...the 3% becomes 6-8% very quickly, further the Bank of Japan is lowering rates! Your loan that you thought would be nice and stable 3% is now burning you in inflated rates because your money is losing value. The accepted way to deal with this is for the BoJ to match the Fed and increase the value of their currency to follow as closely as possible. But it also invalidates any measures these governments may have in controlling their own monetary future.

BoJ would like to spur their economy to increase exports, and they just might do that with this sort of action, but it will be painful for the people in Japan too, with layoffs and recession first as the companies struggle under debts in US$.

Poor security segmentation of accounts likely too. Like do you have a separate domain for managing your Vcenter, admins with separate credentials from their standard user accounts? Many don't bother, it sits in the same vlan as production or edge users, the user the sysadmin runs daily for his email on workstation is the same users that is enterprise admin and vsphere admin. And then half of those guys use the same passwords for their luggage.

Really the only story here is that someone is actually doing what we all knew could be done...the host of a vm has full access to the vm. What would be more interesting is seeing if this is being done at cloud providers, or msp colo'd vm's for their clients.

For years I ran antminers during the winter to offset the heating bill, and then would sell them off in the spring to get the latest version again in the fall.

Electricity is relatively cheap in WA state, it actually lowered my heating bill versus the natural gas heater. Just opened up the central heating return air duct in my garage and piped the exhaust from the antiminers into the duct system. The heater would only come on if the temp was 25F. I stopped doing it couple years ago, but I had 50 amps installed to the garage for this. Generated ~$3k every winter for a few years, and my power bill was slightly lower.

Anyway Intel is in a bad way with their latest, it will get worse for them before it gets better. AMD has the ability to set TDP in bios down to 105 or 65w and doing so doesn't hurt performance as much as you'd think. It's not going to be the same on Intel, 12900k even is one of the least efficient CPU's in the last decade, 13900k will be even worse yet.

I could get behind a font change...but the rest of that UI works.

Then again I still load "http://old.reddit.com" too so I'm not the prime audience for most things.

You mean, just like the bankers and the Fed Reserve? haha

No I agree it's a pyramid, and none of us are at the top.

They make money.

At a 3% default rate, but then a near double balance $30BN. This is a annual loss of $900M ...but...

Say they only have a 20% interest rate fee (probably varies by credit rating but this is a good median) - Annual revenue of $6bn

If they somehow jump to 5% default, then I would expect both interest rates to climb (especially on those with low credit ratings) as well as new card activations to be at a higher rate...all the way to 28%.

Uyghurs might have something to say about that... ...though I agree they are better able to control the media post internet, and be slightly less repressive but it's not out of a choice. Prior they would just control the newspapers, radio, tv rather easily as it took large capital to start a paper, radio, tv-station with the easy central control of such technologies.

Now they restrain themselves and do their best to censor internet.

China has a 7nm fabrication facility, but they cannot quickly turn out new chip designs like TSMC. The masking process is very difficult for 7nm and sure you can develop a chip with mediocre yields, but the time it takes to make the next iteration is very long. It's concerning to the the USA that they got this tech at all, but they actually aren't very far along with it. TSMC is moving to 3nm now, 5nm is mature and new designs are very quick to production.

Intel is behind a little, and running on a 10nm that is feature-like sized more like TSMC and SMIC 7nm for all intents and purposes. However the real fabrication process and design at Intel is closer to TSMC's on turn-around times. 10yrs from now maybe SMIC catches up, but in reality Intel and TSMC (Samsung as well) are the top dogs for cutting edge fabs. Consider that if the process to setup a new chip fab at SMIC might take 18 months with lower yields, that same process is 3months at TSMC, Intel, Samsung. SMIC will probably be much cheaper, but you can't have a competitive cutting edge product brought to market with that. Now you can have a mid-range product (as there are AMD clones China builds at 12nm but they run ~2-3ghz range, they are likely price competitive but not sold outside of Chinese market due to licensing....I think they are Zen1 too, again licensing). From an defense initiative perspective this is competitive considering the current political climate, and good enough to the China to have industrial support within China, but the USA does have good fabrication in-country from Intel.

SMIC does produce a ton of large-feature chips that would be suitable for things like industrial and automotive cars (think 100-300nm range). This is important, by no means is China behind in manufacturing, just in the cutting edge smallest processors.

I think it's probably best to keep holding China back considering their actions against Taiwan of late. Either play nice or continue to watch "the west" take their ball and play their own game. Rational minds want democracy, capitalism (and a bit of socialism), not communist single-party dictators. There are plenty of issues wrong with the west, but it's still better than what China offers.

Knowledge is power. If you can provide bargaining insight to labor, you can also provide insight to the businesses.

Business motives are always to generate income, but sometimes it's generating knowledge that can be sold.

Unions are notorious for mismanaging negotiations, there is an opportunity there for improvement but the only monetary reason to do so isn't going to come from labor itself. I want to think that Unit of Work started with a good idea, to inform that bargaining process and organize labor, but taking money from the likes of Bloomberg will only pollute their utility to labor.

The $ amount is insane, but no liability for negligence is fair game.

Imagine the court case:

Attorney for plaintif, "when hiring new employees is it your policy to do a background check?"
HR rep, "yes all employees are to submitted to a background check"
Attorney for plaintif, "is this your hiring policy here, exhibit hr.1"
HR rep, "yes it appears to be..."

Attorney for plaintif, "was a background check done?"
HR rep, "well normally....but pandemic but we ....no"

Attorney for plaintif, "the murder here has several complaints against them, could you read these to the court"
HR rep,..."um, i can't read"

lol, the negligence will have been portrayed clearly, that Charter didn't do their job, and this guy murdered someone as a result...

Then when justifying the $7bn, the jury will do something crazy and say all profits (which I'm sure are vast and ever increasing during the pandemic as well, that they had the means to do that background check and pay proper wages during that time...) It will still get reduced, and certainly the life of a 83yr old woman isn't worth the damage loss of $7bn could do, it's an ugly truth. However, Charter did not kill this woman, they negligently allowed thru in-action and general laziness a criminal to do this while using their equipment.

Several million in damages should force Charter to change their ways, but $7bn guarantees they won't have enough to hire people for decent wages and/or pay for compliance enforcement of the hiring policies.