I keep thinking about the swiftness with which Silicon Valley Bank (SVB) collapsed. In the span of 48 hours, it went bust because as interest rates rose, VC capital to SVB’s portfolio companies decreased. That required the companies to start withdrawing deposits from SVB to fund day-to-day business operations but those deposits sat in bonds [...]
capitalism
This repost is from almost exactly six years ago but is still relevant today. Enjoy. I had a dream the other night my sister, Rosie, and I slept in the same bed. She started hogging all the covers and I yanked them back from her and said, “No. You can’t take all the covers.” It’s [...]
I had a dream the other night my sister, Rosie, and I slept in the same bed. She started hogging all the covers and I yanked them back from her and said, “No. You can’t take all the covers.” It’s not a dream based on reality because Rosie cares a lot about sharing, but nonetheless, [...]
Right now the funds in my bank account are low – I am one of those people who lives paycheck to paycheck. I think it’s fair to say I’m a slave to my paycheck and I’m not the only one. If I lost my job tomorrow, I’d be in big trouble. I notice there’s a [...]
The other week I posted a news story on facebook with commentary that I have compassion for robbers and the robbed, and was met with so much vitriol it astounded me. People I didn’t know called me a moron (and worse), told me to get off of facebook, etc. What I heard over and over [...]
A part of me doesn’t want to write about this because it makes me uncomfortable, but I was affected so deeply I know that I must. On Thursday, I went into San Francisco and while there, walked through a BART station corridor covered with ads for Gap. The walls and floor showed image after image [...]
