Or phrase it as reusing exiting tech because "it is cheaper" ending in having to reinvent it because all the people who designed it and made it have gone.
IT isn't even clear that is bad - SpaceX is famous for designing rockets from scratch that are better than the old technology everyone else has been using.
I've had the unfortunate exercise of copying an API from pure android java to typescript because "they are similar". It goes against best practices and creates all kinds of weirdness resulting in a finished product which is almost the same but far enough away you could just as well have designed a better API in a few hours from scratch (the real complexity is in the backend of the code, not the interface fortunately). But requirements must be met.
Funnily the conclusion is precisely why the whole idea of "just" giving specs and let <insert here trendiest marketing slang which tries to replace actual experts, developers or not> do the work is risky. If nobody challenges requirements from a manager or client who "just to get it done" you end up with actual work done... that is totally inefficient, potentially dangerous or just irrelevant.
Reduction ratios, greater comparability due to interfacing links, attachment points, just a few guesses. Most ev conversions I've seen keep the gearbox.
Looking at the entire market in Europe it is also down but that is not due to "AI" but because they are easiest to fire with least consequences. There is a global recession looming, despite Wall Street saying otherwise.
The 2023 mini banking crisis has its own wiki page and it's quite informative. Of the three banks involved, one bank saw its shares drop 97%, another "shareholders lost all invested funds" and the third got auctioned off for pennies on the dollar. No investors were bailed out.
Banks go bankrupt all the time. Community Bank and Trust of West Georgia went bankrupt just 3 days ago. The Metropolitan Capital Bank & Trust that went bankrupt back in January. 99% of the time the investors are completely wiped out. Bailouts almost never happen, which is precisely why it's such big news when it happens.
Eh, they were kind of bailed out in that uninsured deposits were made whole. Not saying they shouldn't have done it (fighting contagion is like fighting fire, earlier is prob better and potentially cheaper in the end if your confidence bluff succeeds) but "bail out" is a flexible enough term that electing to cover uninsured deposits at the expense of uninvolved parties feels like it qualifies to me. Plus it has some of the same smells as other bailouts - weighing moral hazard vs systemic risk.
“They” in your sentence is not SVB. Depositors who put money in an accredited bank should not have to worry about bank runs. Risk free banking for depositors is a cornerstone of the US economy.
There’s also no moral hazard here - the shareholders, equity partners, and debt holders were correctly wiped out.
More modern version: No you are holding your iPhone wrong, it is not a design fault that makes a ground loop in the antenna if you hold two metal surfaces with your hands.
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