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UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
I just keep thinking about that Elite Eight run with BMW under Penders, and how much fun that was. I would take 4 years of mediocrity and then take another swing at a big name for that kind of season. I'll have some mixed feelings about it, but I'll take it. Shoot, the run with Augustin/James/Abrams/Johnson/Mason et al was a hell of a lot of fun. We got crushed by Memphis in Houston in a game I attended, but the season as a whole was awesome. I just don't want an early exit AND have 4 seasons of mediocrity, but I don't think that's going to be an option. Oh, and a Final Four? There's no downside with making a Final Four and then keeping Terry. Fuck it. He can have losing seasons for the next 3 to 4 seasons and it would still be worth it. I mean, I'll be glad when Texas finally parts ways with him, but I'll gratefully bid him adieu. -
UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
You and I are talking about different things. There's the buyout for the coach, which the university pays if they fire the coach before the contract is up. Then there's the buyout for the university, if the coach leaves for another job before the contract is up. The buyout for the coach has always existed. The buyout for the university started in the 90s. It has always been a much smaller number. Like I said above, the contract Major Applewhite signed with UH in 2015 is the first one I'm aware of where the amounts were identical on both sides. It's still not standard procedure to make it similar amounts for both the coach and the university. I'm saying it's surprising it's becoming as common as it is in men's basketball that the buyout numbers for the university are so often as large as they are. I do not believe football has amounts that are nearly that high across the industry, but that could very well be ignorance on my part. -
Right, but not making depositors whole incentivizes the system to go to one of the big three banks that the government has already indicated they will not allow to fail. So it incentivizes the opposite of what you think would be best for the economy. We'll see what happens. I've already read enough to feel like the depositors are going to be made whole eventually. I'm sure there will be some hue and cry about it, but to me this is the right move.
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According to this Reuters article 89% of the $175m in deposits were uninsured. The article also makes the case this is likely similar to IndyMac in 2008 where the assets were sold to another bank after a few weeks, “This will likely be similar to the failure of IndyMac Bank in 2008," said Joseph Lynyak, a partner with Dorsey & Whitney who specializes in bank failures. "The FDIC closed that bank but had not already lined up an assuming bank. It took several weeks to find an investor.” https://www.reuters.com/markets/us/after-silicon-valley-banks-shutdown-uninsured-depositors-face-tense-wait-2023-03-10/ I realize there's a current of "fuck the rich" that goes on, and it represents a legitimate point of view in some ways with the level of wealth inequality we have. At the same time I do feel like while shareholders should lose their shirts, depositors are a different animal. I'd like to see them made whole if at all possible. There's a certain amount of liquidity necessary for a functioning economy, and that liquidity isn't necessarily provided by everyone putting their portfolio in treasury bills. In fact, ironically, it's putting their money in treasury bills that caused SVB to have their issues in the first place, because the bonds it purchased had their value plummet as interest rates rose.
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I'm not going to say their finance industry isn't a major part of their success, because of course it is. I'd also argue that while it's assisted by its strict privacy laws, even if the laws were less robust, they'd likely be a major part of the financial system. Their expertise in banking goes beyond simply hiding money. But they're a powerhouse manufacturing country in all kinds of high end industries. Try operating a modern hospital without using Swiss equipment. I just think it's easy to talk about who "we" are going to cut out of the western financial system. That takes a huge commitment from an inordinate number of cultures who don't see things the same way. How you and I view the Swiss is going to be very different from how the Germans, French, and Italians view the Swiss, especially among Swiss populations for whom those are their native languages. But you're expressing your frustration, and on that account I can certainly agree with you. I think there are a number of people in important positions throughout Europe who are extremely frustrated with Switzerland's insistence on its neutrality preventing other countries from helping Ukraine in the way they want to. I do think there are going to be repercussions from that in terms of customer flight from depending on the Swiss defense industry. But I feel like that's the most that can be reasonably hoped for.
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I don't think that would help anything. At the end of the day you're creating a very collaborative process that could easily involve drastically different opinions on the final usage. Switzerland isn't a part of NATO or the EU. And they're not going to be. Hungary is ruled by a strongman who is being whittled down in what kind of resistance he's willing to put up on Russia's behalf because he's publicly acknowledging there's a limit to how much advantage Russia going to be able to provide in the future. Erdogan is going to do Erdogan things. I long for the days of another Turkish army coup of the kind that used to make Europe nervous but ensured the country stayed secular. Thank goodness the Baltic states and Poland are in both organizations, because they're the ones pushing the narrative. But how much is Baltic manufacturing going to contribute to the EU/NATO defense industry? I'm sure it's not zero, but it won't be substantial in any case. There isn't an easy solution. Not one that's practical. Many of the issues are inherent with having unwieldy political organizations needing an absurd amount of unanimity to do anything. Honestly I thought the EU would fall apart under its own weight long ago, but instead it's proven to be a more robust organization than I ever thought it would be. But there are always going to be issues, and coming to agreement about what should be done regarding the weapons/ammo produced in the region is going to be a part of that.
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She has my favorite coverage. I'm glad Rob Lee featured her on his twitter feed.
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I guess I’m the baddie in the thread because I agree with the tenor of his arguments. Not necessarily the conclusion it’s the government’s fault when the bank fails, but there are unintended consequences for the depositors not being made whole, and it’s unclear what those unintended consequences will be. It sounds like we’ll find out.
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That’s a hilarious tweet/response by the Doug J Balloon guy.
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That’s a really short article. I have questions I don’t expect answers to, but that article doesn’t do it for me. Why weren’t the feds more heavily involved prior to the shutdown? Why wasn’t a potential suitor found with financial incentives to take on the assets of the bank? Maybe it ends up being a ripple and not a catastrophe, but given the importance of startups and the Silicon Valley in general on the overall growth in the economy, on the surface this seems poorly thought out. If anyone knows more, I’d love to hear your takes.
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This is a holy war for him. He's all in. His stance is Russia can't be great without Ukraine, and Ukraine shouldn't exist in the first place anyway. That's not mind reading. That's exactly what he's said on a continuous basis in word and print since 2014. And Russia being great is necessary for the human race. That's literally what he believes. And I believe Russian fatalism as a chief part of their collective culture is going to allow him to maintain the support he needs right up to the moment he dies. Then we'll see what kind of new disaster unfolds, because it's Russia. Russian history in a nutshell, "...and then it got worse."
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It's not like people didn't know what they were getting into when they signed contracts purchasing ammunition and weapons from Swiss defense contractors. This neutrality thing has only been going on for 700+ years. And for @0xdeadbeef the issue isn't what Switzerland would do. It's kind of like welshing on a debt agreement. Every country has similar agreements regarding their weapons and ammunition. It's a big problem with the way the EU arms industry is constructed (I'm sure you know, but Switzerland is not actually part of the EU, so this doesn't apply to them per se) as far as this particular conflict is concerned. There are as many as 10 to 14 countries involved with the manufacture of systems and their spare parts/ammo for quite a few of the weapons utilized by NATO countries. All of them have to agree to their re-export. If a country chooses to re-export weapons in their possession without permission, they don't just endanger their relationship with that specific country. They risk being ostracized from the system itself, including countries no longer selling weapons/parts/ammo to them any more, as well as other countries sending off weapons/spare parts/ammo as re-exports without gaining permission themselves. It's the system itself that protects Switzerland more than the Swiss's overall importance in the ecosystem.
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Neil Hauer is claiming Syrski is an idiot. It's my opinion Syrski wanted to keep his job. It's my opinion Moskalyov was fired two weeks ago for wanting to withdraw from Bakhmut. We'll see how things work out. I always maintained I'd prefer them to withdraw from Bakhmut before the last road out came under pressure (which wasn't even paved). Bakhmut is at a lower height than the western topography. You could have withdrawn to the surrounding hills overlooking the town. I feel like Zelensky didn't want to give up any more territory. It's not over, yet. But it doesn't look like it's getting any better, when I keep hoping it will. Quantity still has a quality all of its own, even when people say it doesn't. It's not providing Russia a breakthrough, and I firmly believe Ukraine wins this war, but in this particular battle Russia being willing to sacrifice so many men, and constantly use their artillery shell bombardment on squares rather than using reconnaissance to correct their shots, is making slow, deliberate, painful progress. I understand it's not sustainable for Russia in the way it was for the Soviet Union, but if they end up cutting off the UAF forces in Bakhmut that's not going to be much reassurance for them. We'll see. Like I said, I keep hoping for a result other than Azovstal or the Donetsk Airport.
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UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
Yeah, it's usually a much higher buyout for firing a coach than it is for buying out the contract if he leaves. For example. Beard's buyout for firing him was somewhere around $30m, but his buyout if he left for somewhere else was around $5 million. The first one I know about where the buyout was the same both ways was Applewhite's contract when UH named him the head coach after Herman left for Texas. But I felt like that was somewhat unusual because of how jilted they felt, plus you had Fertitta leading the way, and you had a coach in Applewhite who was pretty desperate to get the job, just in the sense he was ambitious and wanted to be a head coach. To be honest, it doesn't sound like Gates' deal is the same amount both ways in any case. He's supposedly getting paid $4m per year, with a $25m buyout. Did he sign a 6 year contract? I guess maybe he did. It's a big deal for Missouri in any case. When he was hired I read plenty of articles of Missouri affiliated bloggers talking about the Missouri athletic department not exactly being flush with cash, mostly because the attendance at their football games sucked shit out of a straw. But they are absolutely starved for basketball success. Norm Stewart retired in 1999, and it's been some pretty rough sledding since then. Probably glad to have what appears to be a winner prior to Stewart kicking the bucket. -
Except for OU football.
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Texas vs KU, Big XII Tourney Title Game- today at 5pm, ESPN
SL Xpress replied to shadow_operative's topic in Basketball
I swear that kid seems like he's made of glass. I really like him as a player, but it seems like his whole career is about him going in and out of lineups because of a nagging injury. -
UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
These buyouts are absurd. Kudos to athletic departments for getting these coaches to sign them. But it seems ridiculous the level of leverage the coaches are signing away. But I'm not party to the conversations they're having. I haven't noticed football having buyouts this large. Is it happening in professional sports? Or is men's basketball the unicorn it seems to me? -
UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
I've always loved Kelvin Sampson as a coach. I've never seen a coach get his players to play harder consistently than he does. But holy cow is he a big whiner on the sidelines. Less now than when he was younger, but it's still bad. He used to be halfway out on the floor all the time while action was going on. Then there's the whole cheating thing. People love to be dismissive since you can do the things he was doing back then, but that's not the point. He knew he was in no contact periods, but he would lavish players with attention in ways no other coaches were doing in an effort to get a recruiting advantage, and he was able to because other coaches were respecting those particular rules. Then there's also the fact he's 67. But I really like the way his teams play. But it won't be him. -
Texas vs TCU, Big XII Tournament, tonight ~8:30 pm
SL Xpress replied to shadow_operative's topic in Basketball
Let's win tomorrow. Good things happen when we win the Big 12 tournament! -
Texas vs TCU, Big XII Tournament, tonight ~8:30 pm
SL Xpress replied to shadow_operative's topic in Basketball
I can't remember an NCAA tournament game where fouls being called tighter had a negative impact on us. -
Texas vs TCU, Big XII Tournament, tonight ~8:30 pm
SL Xpress replied to shadow_operative's topic in Basketball
How do you foul an opponent when he runs up your backside? That makes no sense to me. -
Texas vs TCU, Big XII Tournament, tonight ~8:30 pm
SL Xpress replied to shadow_operative's topic in Basketball
That stuff by Bishop. -
Don't say that. I'm going to write a novella, you're going to click open a thread and there's going to be this huge wall of text with me acting like I'm coming down from Mt. Sinai with stone tablets in my hands, and you're going to go, "this guy!" But thank you for the sentiment.
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UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
How interesting would it be? Chris Beard is going to hire him when he gets the job at Ole Miss, don't you think? In any case, someone will. That dude knows his defense. Are you saying for a head job? Absolutely not. At least, not anyone even remotely legitimate. -
UT's next basketball coach - discussion/debate [Sean Miller Hired]
SL Xpress replied to alphahorn's topic in Basketball
When you say doing everything in their power to get rid of him, it has almost a future tense sound to it. I don't think of that as a future tense sort of situation.
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