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baskethead

816 karma · joined November 20, 2021

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baskethead··on UBS offers to buy Credit Suisse for up to $1B
It's buying an abandoned storage locker with potentially leaking chemical waste that has could have been poisoning the ground water and killing people the next town over for decades.
baskethead··on UBS offers to buy Credit Suisse for up to $1B
Why would UBS take on potentially unlimited amount of liability? That doesn't make sense at all.
baskethead··on Woman with tuberculosis ordered to jail for refusing treatment
I was talking to a psychologist/counselor that works with one of the counties in the Bay Area. He said that top 10 most frequent people he sees costs the county well over $1 million per year, and the top person costs over $10 million. He said that about 30% of the people he works with need counseling but he also confirmed that there simply is a large percentage of people that he works with that need to be forced into treatment and he agreed with Michael Shellenberger's approach in the book "San Fransicko". He said even within the Bay Area, people bounce around between counties, and there is no system to keep track of them, and that also leads to a lot of wasted money.

This is a perfect case of how sometimes people need to be forced into treatment for their own good, and for the good of others.

The issue of government overreach is absurd in these extreme situations. This woman is brazenly ignoring public health, probably because of a mental health issue. There needs to be a way to declare some people as being unfit to care for themselves. I, for one, think that if you are so addicted to drugs and/or alcohol or are so mentally ill, that you drop unconscious on the sidewalk, you should be put into forced mental health care for at least 60 days or longer.

baskethead··on What would it take to bring back the dinosaurs?
What happened to the findings of the gelatinous blood vessels and blood cells that they found within a tyranosaurus rex bone? It was something that scientists said would have been impossible, but they found it about 10 years ago.

Unfortunately, I haven't heard ANYTHING about this. Did they bury this or something or has anything been released about this since then?

baskethead··on Ask HN: Am I getting older or did typing on the iPhone become unbearable?
I've noticed this in the last 4-5 years or so. It's really bad, but I just put up with it. I just recently bought a Pixel 7 to see how that compares and just might switch over.
baskethead··on 81% of IT teams directed to reduce or halt cloud spending
Short Amazon? This can't be good for their most profitable division
baskethead··on Ask HN: Is it still possible to live in a terminal?
> It seems like the terminal world is slowly getting abandoned in favor of proprietary GUI apps

This sounds like something written from the 1990s.

In fact these days, proprietary GUI apps are being abandoned for web apps or mobile apps.

baskethead··on Alaska snow crab season canceled after disappearance of an estimated 1B crabs
As far as I'm concerned the countries impacted by those fishing cities should quietly torpedo them. It's a crime against humanity and if China can't support their own population with food they create themselves, they should cull their own population, not selfishly create famine for other countries by overfishing everything they can get their hands on.
baskethead··on Alaska snow crab season canceled after disappearance of an estimated 1B crabs
I actually like Impossible Burger. It doesn't take like a burger exactly, but it tastes good. And if you screw up an Impossible burger, it doesn't taste nearly as bad as a screwed up beef burger, which gets as dry as leather.
baskethead··on Alaska snow crab season canceled after disappearance of an estimated 1B crabs
I mean is there any mystery here? It's China. China doesn't care about anything except for themselves.

Hundreds of Chinese fishing boats set up just outside of international waters in South America and fished everything in the area and brought it back to China. It's like a sick game of Age of Empires but millions of people are affected.

baskethead··on Nearly half of Covid patients haven’t fully recovered months later, study finds
I've had 3 shots of Moderna and got my first infection of COVID 3 weeks later. I've had COVID 2 more times after that, the most recent being about a month ago.

The first two times were sore throat with congestion. The last time was sore throat with congestion and sore joints for a day with fever. All symptoms except for congestion lasted for a day, and congestion lasted for a week. Annoying but nothing more than a bad cold for me.

baskethead··on Young adults in L.A. to get $1k a month under new guaranteed income program
I was exactly the same as you. Strong proponent of UBI and now I think there must be better solutions out there.
baskethead··on California to discontinue plastic grocery bags
I have a feeling most highway trash is coming from the garbage trucks themselves, or open trucks. I've NEVER seen anyone litter from a car, ever, in decades in California. However, I have seen a lot of garbage fly away from garbage trucks on the freeway, or those dumpster trucks or from pickup trucks filled with garbage. They have no containment whatsoever.
baskethead··on Ask HN: What are you doing now to profit from the current or upcoming recession?
No. As rates rise, when you sell your lower yielding stocks you are selling low and buying high, iteratively. Rising rate environments like we are in right now are a disaster for any bond etf that doesn't have short duration. You need to wait until interest rates have peaked or at least eased off.
baskethead··on Ask HN: What are you doing now to profit from the current or upcoming recession?
NEVER hold levered ETFs for more than a day or so. They decay horribly and in markets where there's a lot of volatility, they decay very quickly. You will lose a lot of money buying and holding any type of levered ETF.

Their real use case is for day-trading.

baskethead··on Ask HN: What are you doing now to profit from the current or upcoming recession?
NEVER EVER buy bond funds or bond ETFs. In an increasing interest rate environment like this, you will suffer terrible losses when the fund buys and sells positions. If you want, buy bonds outright, like US treasuries or commercial paper of reliable companies. Also stick with short-dated paper until we get to a peak in interest rates. The Fed has already said they will keep raising rates so we know rates will keep climbing for a while.
baskethead··on Ask HN: What are you doing now to profit from the current or upcoming recession?
I've been short since November, and my portfolio is up about 100% YTD. I think the market is going to drop even further, 2008-2009 style, so I'm gearing up for that.
baskethead··on Iran’s Internet Shutdown Hides a Deadly Crackdown
Afghanistan is different from Iran. Even today, Iranians are highly educated and they have historically been highly educated. Most of Afghanistan that the US was trying to mobilized was uneducated and living in tiny villages with no real stake as to who won or lost. With Iran's highly educated population and militarized, they have a much better chance of standing up to the fascist government and enacting change.
baskethead··on Iran’s Internet Shutdown Hides a Deadly Crackdown
The jab about the media is absolutely warranted. How many women are found dismembered in the US almost every day? There was just a case last week in NYC. The media doesn't pick it up, but with Khashhoggi they did, because they care the most about journalists.

I'm not saying that it wasn't horrific what happened to him, but the question was why was there so much focus on his case, and the reason is because the media loves to report on themselves over anything else.

baskethead··on Iran’s Internet Shutdown Hides a Deadly Crackdown
A woman in Iran would not be allowed to own a gun only because of the fascist regime in place today. Back pre-Ayatollah, Iran wasn't as misogynistic as it is today. It was one of the most forward Muslim nations in the world. I imagine that if Iran were liberated, they would be similar to Israel in the sense that men and women would all be mobilized into an army and trained such that something like the Ayatollah could never happen again.
baskethead··on Iran’s Internet Shutdown Hides a Deadly Crackdown
This is patently false. Iran has been called part of the Axis of Evil since Reagan era. Iran has been reported on as evil for decades. This current set of protests have gotten a lot of media attention.

The reason why Khashoggi gets so much attention is because reporters love nothing more than to report about themselves. There are plenty of other people who were killed by Saudi Arabia that got buried because the media doesn't care.

baskethead··on Iran’s Internet Shutdown Hides a Deadly Crackdown
I'm not a pro-NRA gun nut, and I hate to say it, but this shows you the dangers of when only the government has the guns. I'm pretty sure that if guns were available to regular people, there would have been a transition to a different government decades ago. The fact that this backwards, misogynistic government can remain in power for the better part of a century despite Iran being filled with highly educated people with a rich culture is a crime against humanity. And yes, I'm fully aware that this was caused by the US and the CIA, my point is that it should be taken down by its citizens but it has no power to do so.
baskethead··on Tell HN: Sudden Chile daylight savings time rules change causes chaos
How do you fix the computers? It must take a long time to roll out changes for the computer code to deal with this
baskethead··on It seems that the good times for online Minecraft play are over
My kid and his friends are all eschewing 1.19.X and sticking with the 1.18.2 release specifically because of this issue. And they know this because they all watch the Youtube videos that are saying the same thing, that this "feature" is garbage.
baskethead··on After self-hosting my email for twenty-three years I have thrown in the towel
I'm very much a proponent of Universal Healthcare. I think whatever we currently have for health care is a mix of the worst of both worlds.
baskethead··on After self-hosting my email for twenty-three years I have thrown in the towel
Nah. I'm glad that people like the OP are squeezed out of sending their own email. I have no problem with an email oligopoly at this point.

For every "good" email server owner, there's probably a million bad ones. And the problem of spam is a big one. If you want to send your own email, get used to telling people to check their spam lists and/or add your email account.

baskethead··on DJI Drone Flies over the Top of Mount Everest
How did they get to the summit without there being a traffic jam? I thought it was supposed to be packed with people all the time these days
baskethead··on Ask HN: How much info should founders share with early stage employees?
I would never join a startup that didn't have complete transparency. I've been fucked by startups before where YC founders held all the information and then sold the company, enriching themselves but leaving the scraps for the employees. The next startup I made sure that the founders were very transparent and honest and trusted us with maximum information. Even though it didn't take off, I still enjoyed being a part of their team so much more.

Even unicorns that I worked for, the CEO shared very detailed and transparent information with employees even as the company got extremely large, which I appreciated.

baskethead··on Zuckerberg says FBI warning prompted Biden laptop story censorship
The Bush family are war criminals.
baskethead··on Zuckerberg says FBI warning prompted Biden laptop story censorship
Yes, it is a concern.
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