Stephan Zielinski
szielins
Jul 23
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Underwriters are involved. But they get PAID; they don’t end up owning the debt. For instance, Dr. Evil could underwrite a bond issue of Death To All Mammals, Incorporated for a gigabuck and walk away from the deal with $70 million and no Death To All Mammals, Incorporated anywhere in his portfolio. Read more

Jul 23
2

Internet, heck. Not detecting the staging is the sort of error I’d expect from someone unclear on the concept of “cinema”. I’d pay a dollar to see his reaction to L’Arrivée d’un train en gare de La Ciotat.

Jul 22
3

The M67 uses an M213 fuse, which burns for four seconds. About seven seconds pass between the actor beginning his run away from the prop at 3:35 and the pyrotechnic going off around 3:42.

Jul 21
3

Sometimes stem cells differentiate in unexpected ways. Teratomas often include neural tissue and teeth. So an important question is whether or not the nuggie wants to eat you.

Jul 21
6

Most of the useful “bioprinting” research is people trying for organ replacements and the like, or at least some sort of complex shape. (Like an ear.) Not much there is really ready for prime time, yet. Read more

Jul 20
1

Look, after having looked at the Montreal test, I can see why President Trump said, I took it at Walter Reed Medical Center in front of doctors and they were very surprised. They said, ‘That’s an unbelievable thing. Rarely does anyone do what you just did.’” I’d be astounded, too, if a patient could name eleven words Read more

Jul 20
1

No, it’s a surcharge. If I borrow $750 million from you and $250 million from the Fed under PMCCF, I have to give you and the Feds both the same interest rate—but kick an extra $2.5 million to the Fed. Read more

Jul 20
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CARES Title IV made it POSSIBLE for the Feds to make loans and/or buy up to $500 billion of debt—but for the lion’s share, there’s a hundred basis point surcharge and there are strings attached. And at least as of June 29, the last pieces of the infrastructure to actually do it were just going into place. Read more

Jul 20
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I fear this is too little too late, but: I made a serious computation mistake, there, which JBT caught. Back of the envelope for the oil rights to the Permian Basin producing 4 million bbl/day at $40/bbl for three years is $175 billion, not $58 trillion. Read more

Jul 19
2

Still works, just not was well. If 8.5% are positive, 29.9% of 4-pools will be positive, and tests used will be 2.20 per four patients. At 19.5%, 58.0% of 4-pools will be positive, and 3.32 tests will be used—still beating four, just not by much. Read more