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Federal loans are not dischargeable, which are way way worse than this.

Do they tell students they may be saddled with debt for 30 years and that the cost of tuition is much larger than the incomes they get from their majors?

I'm sure Peter Roberts is a fine professional, however, I have passed border patrol/immigration personally this way dozens of times and know of many other people who do it. You can find people doing this in an instant if you want.

I once got in trouble with BP because they didn't believe me that I was coming in to work on a project and thought I would be looking for a job to stay illegally. BP finally decided to let me in and told me that what I was doing was fine, but they just didn't find it credible that I would leave my GF alone for a month in Argentina.

Sorry, but this can't be right. Companies fly in people on B2 visas all the time to do onboarding, work on specific projects for a short period, and participate in offsites.

I've done this 10+ times in my career, for big and small companies, and it was never an issue even when explicitly saying these things with border patrol/immigration.

What gets you in trouble at the border is the risk of permanently staying, and the risk of drugs&money.

There's the internet.

Why not creation of wealth?

If only you applied the same logic to americans

I dont know, but companies need to keep hiring because of both staff turn over and switch of priorities. Presumably, the people getting hired are for positions that are perceived more valuable by management than the work people being let go are doing.

And of course, companies also have practical right to make mistakes, from overstaffing to understaffing, or to place bets that do well or do not.

The point is that these things would happen even if things were being run perfectly, so they are not indicative of nefarious practices or abuses.

The H1b requirement is the loophole to prevent americans from hiring non-americans. A world without loopholes is a world without H1Bs.

I don't see why that is inconsistent. Companies doing layoffs keep hiring people, what are the news?

You can start your own company, service or product and own 100%. In tech there's pretty much no excuse, anyone can make money online.

It's not related to capitalism or labor organization. It's that the relationship between profits and wages is misunderstood. If you want your income to be completely tied to the business results, you want to be a business owner.

There is no sociopathy, it is a simple enterprise where someone absorbs the risk and others don't - it is collaboration.

Wages are not downstream of profits - they are a price in a market for labor. If companies could pay 0 they would pay 0, and if employees could charge infinite they would charge infinite.

It's better this way - otherwise employees at companies that make no money would have to take no salary.

This is true, and yet, deficit is still growing. Welcome the united states of Argentina.

You would be wrong. This is the social media channel of a VC, specifically one that was impacted and lobbied for depositor safety on this very topic.

Why are you on this website. Honestly. This is literally a website by the people you are criticizing, for the people you are criticizing.

If you are solvent, in principle, you can get a loan from another bank to cover illiquidity.

Yes, runs can kill any bank, but insolvency killed SVB first.

That is not what banks do, its the modern banking system.

That's what bitcoin was all about..

> Rentlytics

I read this as "Rently Ticks". Not a great name!

Would take a massive hit for sure.

If a VC firm tells you to keep your funds in a bank that gets a run, and you lose access to it, that VC firm destroys its reputation forever.

Please think about the payoff matrix and the fiduciary responsibility of the actors.

Few phrases are as popular and as cringey as "democratizing X". Is it going to have voting? Political power? How did we get to the point that we use democratizing as a way to say popularizing.

And Robinhood still keeps saying this as a tagline!

How would that work?

Which company is this?

If argentinian developers are reading this, you are probably better off making a bank account in the US than using crypto. Please refrain from transferring large amounts to local crypto companies, as those transfers are tracked and can be used against you in the future.

Either it was predictable or it wasn't.

Your clairvoyance must have made you extremely rich as you assess these events with accuracy and perfect timing, and thus made the right open-market financial bets to profit from them.

"A chat app used for emotional support used a popular chatbot to write answers for humans to select"

That's the point.

What do you think importing goods does to salaries?