emkemp

"Roth IRAs are as good a retirement vehicle as you can have."

Except that contributions are after-tax, and have a lower cap than 401(k) accounts. So there is a tradeoff.

Counterpoint: Oracle Corporation.

True, but in American law at least, some crimes like murder don't have a statute of limitations.

I should add, on the same page, there is an excerpt of an interview with his sister Lynn who set Dennis up with a friend for her junior prom. So he at least dated.

More broadly:

"As a youth Dennis was social and outgoing, then in young adulthood he transformed quite rapidly to become more private and anti-social. Hard to pin down exactly when this would have been happening… except that clues from John and Lynn’s interviews suggest perhaps sometime around February 1968 might be central."

He reportedly was never in a relationship. This comes from unidentified members of the Ritchie family who set up a web site focussed mostly on his unpublished PhD thesis. The site includes some personal information on his life.

From https://dmrthesis.net/story-and-question/ (near the bottom)

"In his adult years Dennis had a reputation for being famously private.... There were topics that were completely off limits with Dennis – mostly having to do with any form of personal intimacy. This was true for his Bell Labs colleagues, who speak of Dennis’ personal life as a kind of private zone where they do not tread, and true with his siblings also. This was just his way.

"As an adult, Dennis lived an ascetic lifestyle. In September 1967, he moved back into the attic of his family home and set up a home office in the basement, where he lived with his parents until 1989. He worked from 1PM until 3AM six days a week, Sundays off for reading. He had no friends outside of his business colleagues, he rarely socialized, he did not have (nor never had) a relationship with anyone, he wouldn’t talk about/acknowledge discussion about emotional issues in any form. (He did have a wonderful family who loved him dearly and whom he loved dearly as well.) It was almost as if he needed to blot out any awareness of his personal life from the world by using the strategy of having no personal life to be observed.

"This affect wasn’t just something neutral, it could be an active force."

I think labeling it a "show trial" goes too far. Three of the original defendants (Fritzsche, von Papen, and Schacht) were acquitted; and Doenitz was spared the death penalty for his unrestricted submarine warfare orders because similar orders were issued by the victorious Allies. I doubt a full-on show trial would have been as just or merciful.

Note for the casual hockey fan: The NHL overtime system is different in the playoffs, since the playoffs requires clear winners and losers.

(Game 1 of the 2023 Eastern Conference Finals featured four overtime periods; and the tie-breaking/game-winning goal was scored after 139 minutes and 47 seconds of total game time, at 1:54 am EDT.)

That headline doesn't read well. Maybe "IRS can sometimes get taxpayer's financial info from third parties without notifying taxpayer."

The "sometimes" is important. The law normally requires notification, but an exception exists once the IRS has reached the late stage of collecting unpaid tax liability. Petitioners felt the exception only applied "when a delinquent taxpayer has a legal interest in accounts or records summoned by the IRS...." SCOTUS unanimously disagreed, based on the text of the law in question.

"We could start the cutting with the Defense budget, but I won't hold my breath."

Given events over the last ~15 months in Ukraine, I think this is a bad time for defense cuts.

Or when Britain "invaded" Spain.

https://www.cnn.com/2002/WORLD/europe/02/18/britain.marines/...

"(fact) America is a single market with a single language with basically a single set of regulations."

I'm probably being pedantic, but: the "single set of regulations" really is an oversimplification. Each state has it's own rules in addition to Federal regulations (trying selling cars in California that meet Federal emissions standards, but not California's). Plus, there are state taxes to consider.

SVB's haircut was from LONG TERM bonds. Not T-Bills.

This is good for bitcoin. /s

"The FED does not loan money."

This is quite wrong.

https://www.federalreserve.gov/monetarypolicy/discountrate.h... https://www.federalreserve.gov/monetarypolicy/standing-overn... https://www.federalreserve.gov/monetarypolicy/bank-term-fund...

In addition, the Fed also borrows money.

https://www.federalreserve.gov/monetarypolicy/overnight-reve...

The trading desk is not for investing by the Fed. That's for influencing interest rates based on inflation/deflation concerns and overall employment.

Investors buy or sell securities to earn a profit. Not the Fed.

"You realize if Harambe had lived, he would have killed himself."

--Trevor Noah, re: 2016.

DON"T GIVE THEM IDEAS.

NitPick: The Deposit Insurance Fund invests in Treasury securities, so technically there is a little taxpayer money from interest payments.

But the contributions to the Fund are all from member banks, not from the Federal budget.

https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp....

Nitpick: The Fed isn't selling bonds. Maybe they meant the Treasury?

Re Kilts, I'm reminded of that scene in _Braveheart_ where the Scots start flashing and mooning the English before a battle starts.

"Those responsible for sacking the people who have just been sacked, have been sacked."

Um, the Air Force still uses the U-2. As does NASA.

https://en.wikipedia.org/wiki/Lockheed_U-2#Operators

Fortran 2008.