115 karma · joined April 1, 2016
Four events per hour AHI improvement would not be a meaningful change for my therapy, but this is the beginning of better treatment options in the future.
The best benefit of CPAP is that it thwarts heart arrhythmias which arise from depriving the brain of oxygen.
In Charlotte NC, I have 3 choices of internet providers, two of them fiber.
As you are doing with this post, "broaden the base." The vast majority of voters do not understand the issues here. That is your biggest obstacle.
My POV would call this regulatory failure vs free market lie. That way, the enemy is a smaller target.
Path to progress is to get a friendly state (WY, RI, TX) to pass the legislation. Then shop that around among activists in other states.
If people knew they were only getting 1/25 of a shared product, that would get political hackles up.
Thanks for taking the time to think this through and make your argument.
Consensus theory: If AGI then superintelligence.
AI CapEx plans are not ROI based. Rather, they are the cost of "how do I remain competitive in the race to attain AGI" coupled with conveniently deep pockets. The money is being spent because the spenders can afford it and they see it as an existential risk as much as a profit opportunity.
Maybe OP's conclusion about the headline question blunts some political opposition to data centers, but that's not the salient issue.
The issue is this: America is betting a meaningful chunk of GDP that AGI is possible. This is The Manhattan Project 2.0.
The bargain had a quid pro quo...you get knowledge and pleasure in exchange for perpetual servitude to a bad guy. I wouldn't make that trade
For me, the subconscious is the wellspring of sudden insights.
Making a "ton of money"....it matters because new people want to know what price is paid for exceptional comp.
As FTX experienced the unprecedented growth to fantastical scale, SBF was at the center of it. I strongly suspect he felt deified by it, felt that the market was giving him unqualified approval for his every thought and method.
Somewhere in his ascendancy, I suspect that EA became merely a vocabulary of stock responses that he used to explain his decisions and to frame his public image.
The immorality began when he chose to ignore his fiduciary duty to his depositors, and instead used their funds as if they were VC money available to fund his ideas. The immorality continued when he gave false financial statements to the AR lenders. It culminated when he tweeted "everything is fine" when the withdrawal rush began.
Was he using EA theory to justify these unethical choices? Caroline Ellison thought he was but that was because she was in thrall to his personality.
I would be immensely surprised if EA goals ever crossed his mind when he made these decisions. I suspect he was in empire building mode aiming to enter the pantheon of SV tech titans.
The WSJ had a chart of "where did the money go" showing that only a miniscule slice of the $16B was donated to philanthropic organizations. It was less than $100M.
You are correct that EA has been unmasked as a philosophy unburdened by ethics. However, my view is that SBF only used EA as a convenient label for his motives, when his goals were consolidating his power.
First Republic fail was because of large pool of fixed rate assets....(jumbo low-rate mortgages and Treasury Notes) in a rising rate context. They also had an affluent clientele and thus a high % of uninsured deposits. The fixed rate assets lost so much value while rates rose, that they had no tangible equity. Thus, the hot money deposits raced out of the bank.
Smaller banks typically don't have such a concentration of affluent customers, which means that more of their clientele would be under the threshold for FDIC insurance. Smaller banks probably have a good book of commercial loans which are commonly priced at a variable rate.
I am baffled that SVB and FRB did not hedge their fixed rate portfolios with interest rate swaps....Maybe their mind was on staying abreast of the white-hot tech sector instead of wringing their hands about the next Fed rate decision.
Recession case: inflation depresses other spending, new home starts are decreasing, strong dollar, Chinese economy wobbly, EU economy weak, continued supply chain disruptions, PMI weaker, ad spending curtailed.
Soft landing case: Goldilocks scenario for USA employment; inflation has decreased; chip shortage over; few layoffs outside tech; airline, hospitality, defense, healthcare, energy sectors booming; China economy may strengthen with softened zero-covid policy.