I hope I'm wrong but I don't think a privacy friendly alternative is going to exist. It's going to go the way of show me your drivers license to use my site.
What happens if / when you eventually find a job? Can you file another change of status to a H1B? Does the status of the original change of status app matter? (e.g., can you apply for a COS to H1 while the COS to H4 is still pending?)
Old man yells at cloud vibes. If these services were so devoid of value, competitors will spring up and eat their lunch. Capitalism still works. Silicon valley startups have made their money disrupting broken customer experiences in basically every single vertical. They are not immune from the same disruption.
Hi - could you tell me a little bit more about the interview process at HRT? Is it your standard FAANG-style leetcode / system design interviews? Or is it more math focused?
We're barreling towards an internet that requires an id before you can use it.
It's a bit upsetting but I don't harbor the early 2000s naiveté about the free internet where regulation doesn't exist, the data exchange happens over open formats and connecting people from across the world is viewed as an absolute positive.
Govt meddling on social media platforms, the filter bubble, platforms locking data in, teenage depression stats post Instagram, doom scrolling on tiktok have flipped me the other way.
Internet Anonymity is going to die - let's see if that makes this place any better.
FAO: People who're claiming GenAi will replace artist jobs.
It might happen but it's extremely difficult even using state of the art models like stable diffusion v6 to get consistent results. There's usually some part or the other of the picture that's broken and it takes a lot of work with prompting, blending, varying to get it to work.
Buy the subscription for 30$ or whatever and give it a shot. First you'll be amazed but then you start noticing the minor flaws and how much effort it takes to make it good enough.
It's still possible that some jobs will get replaced, not every NPC detail needs to be hand drawn perfectly, but let's see.
It also seems like you have to be wary of the tax consequences here. Who do you pay on the payroll? If it's a US Citizen in America it's one thing, but if it's anything else, then you may tax issues.
Big tech would much rather commoditize the telcos and treat them as dumb pipes. You don't have to eat everyone upstream of you, as long as you capture most of the value and leave some bits to the commodity suppliers it's fine.
On the internet, most of the value (ads, shopping, socia etc.) is captured by tech cos. The pipes (despite the net neutrality reversal) continue to stay dumb pipes.
> They are sitting on too much deposits as is, but even without that fact it is purely greed - or, to use another phrasing, it’s the right business decision for maximizing profits. They literally have no reason to improve returns on deposits.
Can I look up deposit volume per bank somewhere? I assume even banks will care at some point. 1% probably not, 10% probably yes?
Why don't larger banks (who presumably have hedged properly) not pay a real interest on deposits at this point? I don't think it's just greed.
The current bank of america / chase interest rate on savings accounts is 0.01%. No rational buyer should accept that when a money market is yielding 5%. People are moving deposits to money markets. That should force the banks to bump up rates.
Maybe they lose more by bumping up rates than they do by keeping them the same and losing deposits but I struggle to see that.
I'm not sure of the mechanics, I know for a fact that most people are moving $ to brokerages and parking it in something like VMFXX (or equivalents in Fidelity etc.)
Do you know what the mechanics are when you put some money in to VMFXX? Who does vanguard get the treasuries from?
Banks bought up a bunch of US treasuries at close to nothing interest rates during the last two years. This is where a bank typically parks their cash reserves because the audit requirements require them to hold a certain amount of cash and cash basically == treasuries.
Now they're holding a bunch of treasuries that won't mature for a while. If they simply sold them they'd have to book a bunch of losses (because as rates rose the price of treasurys falls). They don't do that and instead hope holding them to maturity will be fine to service their existing commitments (i.e., pay interest on deposits).
The problem is that they bought treasurys that yield close to nothing and they have to make a profit on those and pay out an interest to customers, so they take their cut from the 2% and pay the customers a 0.03% interest on deposits or whatever.
The customer sees that their savings account is yielding 0% and they could just go park their money in a money market account that yields ~5% (thanks to overnight rates being that high) and moves their money from their bank to a brokerage account.
Bank deposits fall resulting in a standard bank run. Sure well run banks maybe have their risk profile in a better place (didn't actually go out and buy a bunch of 30yr treasurys like SVB did and instead got more short duration stuff) but they can't just pivot to instantly increasing the interest rates to match the money market account and so will continue to bleed deposits.