#Pimbley | Explore Tumblr Posts and Blogs

metamoonshots · 6 months

Text

[ad_1] Sam Bankman-Fried set to testify in FTX fraud trial. Prior statements BY SBF are beneath scrutiny as he testifies beneath oath. Key testimonies accuse him of fund misappropriation. Former FTX CEO Sam Bankman-Fried (SBF) is at this time scheduled to testify within the ongoing felony FTX fraud trial. SBF is dealing with allegations of misusing buyer and investor funds to over $8 billion, resulting in FTX’s Chapter 11 filing in November 2022. Because the trial unfolds, the highlight is now on Sam Bankman-Fried as he prepares to take the stand to defend himself in opposition to the intense allegations introduced in opposition to him. His testimony comes after a collection of developments within the trial, together with the testimony of former colleagues and insiders who've accused him of directing actions that led to the alleged misappropriation of funds. What Bankman-Fried has beforehand said Within the wake of FTX’s collapse, Bankman-Fried sought to explain the situation to the public, contending that the cryptocurrency market’s implosion in 2022 performed a major position within the downfall. He asserted that he was solely vaguely conscious of the occasions and denied any intention to defraud clients or buyers. Nevertheless, these statements had been met with scepticism, as they had been made in a non-legal context. SBF was arrested in The Bahamas and later extradited to the US the place a court docket case in opposition to him has been ongoing. In the present day’s testifying will happen in a authorized context, beneath oath, which starkly contrasts along with his earlier public statements. This units the stage for a rigorous examination of his claims and credibility. The defence will purpose to emphasise that he didn't intend to defraud anybody, arguing that the scenario spiralled uncontrolled. Key witnesses have testified in opposition to SBF All through the trial, a number of key witnesses, together with former Alameda Analysis CEO Caroline Ellison, former FTX Director of Engineering Nishad Singh, and former FTX Chief Expertise Officer Gary Wang, have testified beneath oath that Bankman-Fried not solely knew about but in addition directed actions associated to the alleged misappropriation of buyer funds. Their testimonies have offered a major problem to Bankman-Fried’s defence. It additionally emerged that FTX used billions in customer funds for Binance stake buyback. Because the defence takes its flip, it plans to name witnesses, together with monetary professional Joseph Pimbley and Bahamas-based lawyer Krystal Rolle. These witnesses are anticipated to assist Bankman-Fried’s defence and supply additional perception into the occasions resulting in FTX’s collapse. Within the days forward, the trial end result will likely be intently watched, as Sam Bankman-Fried makes an attempt to current his case and reply to the allegations made in opposition to him. His testimony, now beneath the scrutiny of the authorized system and dealing with opposing testimonies, is predicted to play a pivotal position in figuring out the decision on this high-profile case. Share this textClassesTags [ad_2]

0 notes

ailtrahq · 7 months

Text

In a setback for Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, a US judge has limited his ability to present expert witnesses at his criminal fraud trial. Bankman-Fried had sought to call seven experts on topics related to cryptocurrency markets and English contracts in an effort to convince the jury to acquit him of charges of stealing billions of dollars in FTX customer funds to cover losses at his Alameda Research hedge fund. US District Judge Lewis Kaplan issued a written order that excluded three of the proposed expert witnesses, deeming their testimony either irrelevant or potentially confusing for the jury. Late in August, attorneys for the US Department of Justice filed a motion to exclude every witness that Bankman-Fried had suggested. Judge: Sam Bankman-Fried Expert Witnesses Can’t Testify Among these witnesses was Peter Vinella, a consultant who intended to discuss “FTX’s use of widely-accepted practices in the financial services industry.” Judge Kaplan found this testimony to be irrelevant to the case. Additionally, Bankman-Fried was barred from calling English barrister Lawrence Akka to testify about FTX’s terms of service, which were governed by English law. Kaplan reasoned that only a judge could instruct jurors on matters of law. According to the court, Akka’s testimony does not serve the purpose of aiding the jury in comprehending FTX’s terms of service. Instead, it is deemed as an expression of “legal opinions” regarding the interpretation of the contractual terms in question. BTCUSD slightly halfway to the critical $27K territory. Chart: TradingView.com The defence also requested testimony on FTX’s financials, software, and document metadata from consultants Thomas Bishop and Joseph Pimbley as well as data analytics specialist Brian Kim. On the basis of Rule 16, which requires the government to reveal specific evidence it intends to use throughout the trial, the court rejected all of their possible testimony. Gov’t May Block All Requests Sam Bankman-Fried may file a request to enable certain witnesses to testify if his lawyers feel that the witnesses will be able to refute testimony from government witnesses. The government might, however, oppose the filing. The court documents suggest that Bankman-Fried may argue that the terms of service did not explicitly prohibit the use of customer funds for investments, drawing a comparison to how traditional banks use deposits to fund loans. This practice, he may contend, was common in the cryptocurrency industry. It is customary in US criminal trials for both prosecutors and defendants to call upon expert witnesses to help clarify complex issues. In this case, the prosecution plans to present three former FTX and Alameda executives, all of whom have pleaded guilty to their roles in the alleged fraud, as witnesses in Sam Bankman-Fried’s trial. The trial is expected to extend over a period of up to six weeks as it unfolds. Bankman-Fried, a 31-year-old former billionaire, has entered a not guilty plea to the charges against him. While he has acknowledged deficiencies in risk management at FTX prior to its collapse in November 2022, he vehemently denies any wrongdoing in the misappropriation of funds. Source

0 notes

philoclea · 3 years

Photo

Sydney Pimbley, fall 2021

#sydney pimbley

571 notes · View notes

supermodelcats · 5 years

Photo

Pimbley Purrington

#cats #supermodels #pretty cats

36 notes · View notes

architectnews · 2 years

Text

Minhang Riverfront Regeneration, Shanghai: SPARK

Minhang Riverfront Regeneration Shanghai, Contemporary SPARK Chinese Architecture Photos

Minhang Riverfront Regeneration, Shanghai Design

19 November 2021

Design: SPARK

Location: Minhang district, Shanghai, China

Minhang Riverfront Regeneration, Shanghai

Photos by Shine Lab

Minhang Riverfront Regeneration, Shanghai

Minhang Riverfront Regeneration, Shanghai 上海闵行横泾港东岸滨水景观公共空间改造上海，中国

PROJECT SUMMARY/项目综述

SPARK is delighted to announce the completion of the Minhang Riverfront Regeneration, the initial phase of SPARK’s much wider regeneration master plan of the public space of Shanghai’s Minhang district. 由SPARK思邦设计的上海闵行横泾港东岸滨水景观公共空间改造项目于近期完工并开放，这是SPARK思邦对闵行区公共景观空间总体改造的开篇。

The Minhang Riverfront is an ambitious story of urban regeneration. A mere 24 months ago it was a decrepit overgrown riverfront faced by low grade industrial warehouses with remnants of paths, industrial and disused utilities evidence of many years of change and neglect within the district. 闵行区滨水景观项目是一个雄心勃勃的城市更新故事。仅仅24个月前，该区域杂草丛生的河岸还是一片衰败，面对着通往破旧工业仓库的小路，以及工业和废弃的公用设施，显示了该地区多年被忽视的状况。

Today it has become a vibrant mix of commercial, technology and institutional uses connected by SPARK’s urban park, an open space armature around which existing developments have been upgraded. 如今，它已经成为一个充满活力的开放空间的核心场所，由SPARK设计的城市公园连接起包含商业、科技和复合用途的综合体，现有的开发项目已经围绕它进行了升级。

SPARK’s proposal creates a 750 metre long recreational environment that meets the government and community’s desire for a sense of place that facilitates better pedestrian connections and promotes a more sustainable living environment. SPARK的提案勾画了一个长达750米的休闲空间，满足了政府和社区对该空间场所如何更好地促进同行人相互关联的愿景，并推动了一个更可持续的生活环境。

SPARK’s design concept used the single cell Diatom as a recurring motif. Diatoms are single cell algae of many beautiful forms that naturally clean water. We have abstracted the Diatom form into two- and three-dimensional objects that animate the river embankment telling the story river and environment in regeneration. SPARK思邦以单细胞硅藻重复出现的图案为设计理念。硅藻是有许多美丽形式的单细胞藻类，可以清洁水质。我们将硅藻的形态抽象成二维和三维的物体，使河岸充满活力，讲述河流和环境再生的故事。

The design of the riverfront includes continuous green ribbons of walking, jogging and bicycle tracks and 3 pedestrian bridges that link the residential, education and business communities together. 河岸的设计包括连续的绿色带状步道、跑道和自行车道以及三座人行桥，这些设施将社区中的住宅、教育和商业连接在一起。

The landscape was designed by layering four distinct zones that enhance views create and for the first time accessibility to the river. The linear zones take on an abstracted riparian form and house innovative pockets of activity with lawns, cafés, a sports park and event plaza. 景观的设计是通过分层的四个不同的区域来加强滨水体验的创造，并首次实现了对河流的可达性。这些线性区域采用了抽象的河岸形态，沿河岸分布着草坪、咖啡馆、体育公园和活动广场的创新活动区域。

SPARK designed a bespoke wayfinding and furniture strategy that contributes to the storytelling and accessibility of the transformed environment. SPARK同时为该项目定制了一系列的路牌标识和城市家具，为改造后的环境赋予了故事性和可达性。

Stephen Pimbley, Partner SPARK said “The Minhang project exemplifies how urban open space can be a key factor in civic regeneration and social sustainability. It has instilled a sense of civic pride in the district and set a local benchmark for the quality of life for future residents”. SPARK合伙人Stephen Pimbley说：”闵行滨水再生项目很好的展现了城市开放空间如何成为公共再生和社会可持续性的关键因素。该项目为当地区域培养了一种市民的责任感，并为未来居民的生活质量树立了一项本土的标准”。

Lim Wenhui, Partner at SPARK said “We were really excited about the potential goals of the project to our imagination to bring new life to the riverfront and provide a safe, attractive environment that invites residents, students, visitors and business people discover the forgotten riverfront and celebrate its rebirth”. SPARK的合伙人林雯慧说道：”我们对这个项目的潜在目标感到非常激动，我们的想象力为河岸带来了新的生命，并提供了一个安全、令人向往的环境，吸引了本地居民、学生、游客和商务人士去探索这条曾被人遗忘的河岸并庆祝它的重生”。

Minhang Riverfront Regeneration Shanghai – Building Information

PROJECT DATA / 项目数据

Project name: Minhang Riverfront Regeneration Year: 2021 Site area (sqm): 23,787 sqm

项目名称：上海闵行横泾港东岸滨水景观公共空间改造完成时间：2021年总面积（平方米）：23,787平方米

CREDITS / 设计信息

Design Architect：SPARK Architects Project Directors: Stephen Pimbley, Lim Wenhui, Min Wei Design team: Danny Yan, Luca Maccarinelli, Xilin Zhu , Li Menghao, Jason Ye, Yang Xi Client: Shanghai Nanbinjiang Investment Development Co., Ltd.

Photography: Shine Lab，Min Wei

项目设计：SPARK思邦项目董事：斯蒂芬.平博理，林雯慧，闵薇项目客户：上海南滨江投资发展有限公司团队成员：严丹, Luca Maccarinelli, 朱茜琳, 李萌豪，叶军，杨熙项目摄影：三映摄影事务所, 闵薇媒体联络：肖雪瑞

SPARK

On SPARK: 关于SPARK思邦:

SPARK is a Singapore, Shanghai and London based team of designers and thinkers working in the disciplines of architecture, urbanism, interior design, landscape design, research and branding.

Using the evocation of the studio’s name “SPARK”; we produce stimulating, innovative, award winning buildings and urban environments that generate significant added value for our clients.

SPARK’s studios have built a large number of award winning projects throughout Asia, Europe and the Middle East. Our work is influenced by the constant evolution of contemporary life and the influences upon it that require a fresh approach to urban thinking.

SPARK’s work ranges in scale from boutique shops, residential, mixed-use waterfronts, and civic buildings to urban planning. Our projects are enjoyable to use, functional, beautiful to look at and easy to understand.

SPARK’s design solutions are an inspired socially and environmentally sensitive alchemy of the traditional ingredients of living, working and leisure designed to seamlessly connect society to an inspiring future.

For over ten years SPARK’s way of thinking has allowed us to make buildings that resonate with the public, clients and critics. We enjoy working with anybody who shares our belief that design makes an inspirational contribution to the world around us.

SPARK’s award winning projects include Clarke Quay in Singapore, the Shanghai International Cruise Terminal (MIPIM Asia Awards 2011, “Best Mixed-Use development” award), the Starhill Gallery Kuala Lumpur and the Raffles City projects in Ningbo and Beijing. Spark’s Homefarm and BeachHut projects are the winners of the Future Experimental Category at the World Architecture Festival in 2015 and 2016 respectively.

SPARK思邦凭借新加坡、上海、伦敦三地优秀的设计研究团队，在建筑、规划、室内、景观，以及相关的研究领域树立了独特的标杆。SPARK思邦取意于“思维的火花”，即为客户提供新鲜而富有创意的建筑与城市环境设计，它们能够为客户和他们的项目激发出重要的价值提升.

SPARK思邦为亚洲，欧洲及中东地区设计了大量屡获殊荣的作品。思邦的工作基点在于对当代社会生活之演变保持着深入的研究，对城市和建筑不断激发出创新的思考。不论从精品店、住区、文化设施、滨水混合开发，到规模宏大的城市规划，SPARK思邦的设计作品不仅功能周全、形态��美，更重要的是带给人们身心的愉悦。

SPARK思邦的设计保持了对社会和环境问题的高度敏感性，并试图创立社会生活、工作、娱乐中的传统元素与未来灵感的巧妙连接。十多年来，SPARK思邦的设计赢得了客户、公众、评论界的共鸣。我们乐意与理念相投的伙伴共同合作，如信仰般坚守着建筑所能为这个世界带来的无限灵犀.

SPARK思邦近期完成的重要项目包括获得cityscape Asia2008最佳滨水项目奖的克拉码头商业改建、获得2011MIPM亚洲最佳综合项目奖的上海国际客运中心、吉隆坡升喜廊、北京和宁波的两座来福士广场、以及分别获得2015/2016世界建筑节大奖的乐龄农庄和多彩沙滩屋.

Minhang Riverfront Regeneration, Shanghai: SPARK images / information received 181121 from SPARK

Location: Minhang district, Shanghai, People’s Republic of China

New Buildings in Shanghai

Contemporary Shanghai Architecture

Shanghai Architecture Designs – chronological list

Shanghai Architecture Walking Tours by e-architect

Shanghai Building News

Kailong Jiajie Plaza Transformation, Hongkou District Architects: AIM Architecture photo : Dirk Weiblen Kailong Jiajie Plaza Transformation

Bamboo Pavilion Architects: LIN architecture photo © Sunkai LIU Bamboo Pavilion

Shanghai Grand Opera House Architects: Snøhetta images © Mir and Snøhetta Shanghai Grand Opera House Building

Shanghai Architect – architectural firm listings on e-architect

Comments / photos for the Minhang Riverfront Regeneration Shanghai design by SPARK page welcome

The post Minhang Riverfront Regeneration, Shanghai: SPARK appeared first on e-architect.

#e-architect

0 notes

joffemd · 4 years

Text

Fraud as a Pathogen of Humanity

by Joe Pimbley, who consults for PF2, and director Gene Phillips

The sudden crash of Wirecard dominates headlines. Though pernicious, the fraudulent activity of this eminent European company is quite common. Fraud is everywhere and we must guard against it just as our bodies resist harmful disease.

Fraud at Wirecard

Wirecard, the large German payment processor and DAX 30 constituent, filed insolvency proceedings in late June 2020.[i] The firm had long faced contested allegations of false or questionable bookings of revenue and profits with pressure increasing in January 2019.[ii] In a final blow, Wirecard’s audit firm could not verify the existence of stated balance sheet cash of EUR 1.9 billion.[iii] An apt description of Wirecard’s subsequent corporate fate is Lemony Snicket’s “death swooped down like a bat.”[iv]

Fraud is everywhere

Fraudulent statements and behavior of human beings are as old as humanity itself and will continue until the death of our species. This sentiment is not a denunciation of people; it is merely a characterization of human society. As the joke of our current era goes: human guile is not a bug; it’s a feature.

Our definition of “fraud” casts a wide net to include one extreme of telling blatant lies, for example, to sell the Brooklyn Bridge to tourists, while also capturing the other extreme of deliberately failing to correct a false impression that others may have of you. (We know of a Physics Nobel laureate who, in answer to a direct question, told the U.S.-based interviewer for his first professional job that his college grade-point-average was 4.0. The interviewer was visibly impressed. Surprised by this reaction and realizing the interviewer’s likely error, the future laureate did not qualify the information by stating that 4.0 was a terrible GPA in his home country of Norway.)

The Brooklyn Bridge story is the classic fraud example. Most of us would consider the interviewer’s ignorance of the Norwegian GPA scale not to be an act of fraud on the part of the young job applicant. Of course, there is a vast middle ground between these extremes. We see all sections of this middle ground in our personal and professional lives. Here are a few “middle ground” examples of varying import one of the authors witnessed directly with past employers or learned confidentially from colleagues:

On a derivative trading floor, managers assigned trade identification numbers in a manner that would give counterparties the impression that the trading floor executed ten times more trades than the actual number.

A risk manager discovered an error in a capital adequacy calculation agreed a decade earlier with the firm’s dominant regulator; the General Counsel chose not to inform the regulator because "it would be confusing.”

A senior executive of a credit rating agency told a rating analyst what the final rating should be for the debt of a new client (i.e., “just prepare an analysis that reaches the rating we want”).

Following the ouster of a CEO during a year of painful losses, the new CEO entered and asked the internal accountants to find and take as many additional losses as possible for that current year.

So fraud, in the sense of giving deceptive information or withholding information for the purpose of helping an individual, group, or company, is everywhere. These four examples are somewhat trivial and one might consider only one or two, or perhaps none, of them to be “true fraud.”

The Ponzi scheme template for fraud

Broadly, the fraud allegations against Wirecard are for misstatements of financial condition and activity. Instead of delving into the Wirecard details, we discuss a simpler, generic variant of such fraud that the financial industry calls “the Ponzi scheme.”[v]

In a Ponzi scheme, an investment manager solicits funds from investors to make specified purchases of assets (for example, real estate, stocks, bonds, small businesses, et cetera). Either through losses on these assets or embezzlement of the manager or both, the value of total assets falls. This situation becomes a Ponzi scheme when the investment manager deliberately misstates the current asset value in reports to the fund investors. Believing the fund to be healthy and relying on the (false) manager statements, current investors will tend to keep their principal invested and new investors will add money to the fund. The Ponzi fraud may remain undetected as long as investor redemption requests do not exceed the sum of (diminished) assets and inflows of new investor money.

In its mildest form, the perpetrator of a Ponzi fraud does not begin the enterprise with criminal intent. Rather, the manager’s investments perform poorly and, fearing investor withdrawals and business failure as consequences of honest disclosure of this performance, the manager chooses to make false statements. This is the paradigm for Wirecard-like frauds. Management makes false statements and obfuscations to cover poor performance or to gain some undeserved short-term benefit.

Fraud is a pathogen of human society

A pathogen is a virus, bacterium or other agent that produces disease. Pathogens are ubiquitous, both internal and external to our bodies. We have developed practices as well as natural and man-made defenses to counter most pathogens. Humanity would not exist otherwise. Pathogens vary widely in their infection frequency and lethality and generally do not kill their hosts (not immediately, at least).

Fraud is very much a pathogen of society. Its goal is not to kill the host since, without a mostly healthy society, fraud would not be fruitful. Like pathogens, fraud is everywhere and there is no prospect or possibility of eliminating all fraud.

But society has an immune system deriving from learned and innate caution and skepticism. We also have experiences and stories of the personal and business worlds that become lessons for best practices.

Combat fraud as we would a pathogen

There are many strategies for investors to avoid fraud just as there are strategies for people to avoid disease. Our list below blends some time-tested ideas with those that are most relevant to the Wirecard debacle.

Be consciously aware that fraud is possible in any investment. It may seem that significant fraudulent activity is less likely in a widely studied investment such as a Microsoft or Wirecard, but fraud at some level is everywhere.

Think for yourself, ask your own questions. The apparent confidence of many other investors can provide a false sense of comfort.

Realize that many people are inherently dishonest, and certainly “less than honest.” People do lie.

Think critically about “the story” of the investment you’re considering. If it does not make sense to you, don’t invest. Trust yourself more than you trust anyone who tells a story you do not understand or believe.

Three elements of the financial world’s “immune system” to fight fraud are auditors, regulators and credit rating agencies. For any potential investment, determine whether there are relevant auditors, regulators and rating agencies and consult their findings. Illness sometimes prevails because an immune system component fails to fulfil its role.

Auditors make mistakes. Audit firms investigate the financial statements of their clients to certify absence of material misstatements and adherence to accepted accounting policies. Since the client pays the auditors for the service, the auditors have a “moral hazard motive” not to press fraud investigations vigorously. While most audit firms DO have strong motives to protect their brands and reputations by maintaining high standards for their investigations, that is no guarantee that individual audit groups will do their jobs honestly or competently. Hence, do not base a positive investment decision on satisfied auditors.

Regulators are government employees. They and the regulations they supervise and enforce are generally well intended. But corporate entities that are willing to deceive investors will also deceive the regulators. Ironically, regulators will often defend their regulated firms from external accusations because it “looks bad” for the regulators if such accusations are valid. Further, the mission of regulators favors protection of the banking system and government interests over those of investors in individual firms. Hence, do not base a positive investment decision on satisfied regulators.

Credit rating agencies are non-government companies that claim to advocate for investors. They would like you to think of them as “expert investors” that provide unbiased opinions of investment risk. But this profile is inaccurate. The rating agencies do not invest and, therefore, do not take the risk you will take as an investor. Further, their paying clients are the corporate firms themselves, which means that the rating agencies have the same “moral hazard motive” as the auditors. Though the meanings of the credit ratings themselves are poorly defined, we do consider it valuable to have one or more ratings for corporate debt securities you may purchase. For “investment-grade” credit ratings, ~80% of such securities will have reasonably low risk (allowing for the errors that these rating agencies do make). Do not rely only on a credit rating for a positive investment decision on a debt security.

Pay attention to the statements of vocal critics of entities in which you have invested or may invest. Financial journalists, investment advisors and other investors will sometimes publish negative results from their own investigations. Read such opinions skeptically since the reports may be mistaken or deliberately false or exaggerated. Even when wrong or mostly wrong, such third-party views and rebuttals from the investment entity, if any, stimulate your own productive analysis.

------------------------------------

[i] See “Wirecard files for insolvency owing $4 billion,” New York Post

[ii] See B. Jennen and N. Comfort, “Wirecard Whistle-Blower Tipped German Watchdog in Early 2019,” Bloomberg

[iii] See R. Browne, “It was once Germany’s fintech star. Now, a missing $2 billion puts Wirecard’s future in doubt”

[iv] See L. Snicket, The Miserable Mill, Scholastic, Inc., 2000. The excerpted quote is available at https://ift.tt/3hmlwLu.

[v] See the U.S. Securities and Exchange Commission discussion of Ponzi schemes

via Blogger https://ift.tt/3juVYNU

#IFTTT #Blogger

0 notes

gzebron · 6 years

Photo

Starhill Gallery Kuala Lumpur . . . 🖋 Stephen Pimbley / Spark Architects 📍 #kualalumpur #malaysia . . . #architecturalphotography #architecture #archdaily #lifestyle #shotoniphone #shotbyme #lines #perspective (at Starhill Gallery)

#lines #architecturalphotography #kualalumpur #perspective #shotoniphone #malaysia #shotbyme #archdaily #lifestyle #architecture

0 notes

yuriwangfingermedia · 7 years

Text

社會設計在屏東國際專家齊聚設計屏東年會

由文化部指導，屏東縣政府文化處主辦的2017「設計屏東」國際社會設計年會，於10月28日登場，邀請菲律賓、泰國、新加坡等國內外社會設計專家學者參與這一年一度的屏東社會設計盛事。本次年會以「未來日常」為主題，創新結合屏東在地的社會議題，發展出青銀共創、生態旅遊、新住民及循環經濟等四個子題，將現今社會問題透過設計的力量與文化創意加值，翻轉人們的認知，開創未來的日常。

今年度的社會設計年會邀請到的國際講者包括菲律賓藝術家FrancisSollano、泰國社會企業旅遊品牌Local Alike創辦人Pai SomsakBoonkam、以及新加坡Spark建築事務所董事長Stephen Pimbley。 Francis運用日常廢棄素材改造成藝術作品，作品曾於紐約、巴黎、東京等地展出，年會上帶來循環經濟與永續設計的案例。二度到訪屏東的Pai，去年也在設計屏東年會中介紹社區深度旅遊與社會企業結合的創…

View On WordPress

#社會設計在屏東國際專家齊聚設計屏東年會

0 notes

permafrown · 5 months

Text

hankpsychs is my favorite pair bc it's like. post-domestication hank is like you're on our side now but I still very much want to Kill You and Psychs is like I know but you CAN'T and WON'T and so they "play fight" about it.

#yikes.txt #play fight in a way that is concerning to. the human body and it's limits #wimbley pimbley

2 notes · View notes

metamoonshots · 6 months

Text

Though defendants in his place are normally suggested to not take the stand, SBF will try to persuade the jury that he was appearing in good religion. Defendants in high-profile white-collar prison instances have historically most well-liked to stay silent, pleading the fifth Modification so as to keep away from self-incrimination. Nevertheless, in recent times, sure defendants – akin to Elizabeth Holmes – have bucked the pattern. Case Might Be Over By Subsequent Week On a convention name that just lately passed off between SBF’s attorneys, Decide Kaplan, and the prosecution, it was determined that the Decide would schedule the protection’s testimony beginning on the twenty sixth of October, proper after the prosecution’s closing statements. Though some concerned hoped that the trial can be over by Monday, this appears unrealistic, given the doable want for cross-examination. On the decision, Bankman-Fried’s lawyer, Mark Cohen, knowledgeable Decide Kaplan that the protection would have three witnesses – in addition to SBF himself – testify. SBF’s testimony, based on Cohen, is predicted to take up the same period of time because the testimonies of his former C-suite colleagues. The opposite witnesses in query are a Bahamas-based lawyer, an unnamed particular person who would clarify the duties and job titles at FTX, and PF2 Securities litigation advisor Joseph Pimbley. Pimbley, in addition to different proposed witnesses, was initially barred from testifying by a movement submitted by the prosecution. Final-Ditch Try Former federal prosecutor Josh Naftalis commented on the case, opining that that is SBF’s final likelihood to try to persuade the jury that the FTX Empire solely collapsed as a result of issues acquired out of hand and that he had no sick intentions. “We’re within the final innings, and, to change metaphors, that is his Hail Mary. That is his alternative to say, “I didn’t intend to do something unsuitable, I wasn’t appearing in dangerous religion. I used to be appearing in good religion, issues simply acquired uncontrolled. It’s actually onerous for any defendant to elucidate to a jury what’s of their head until they take the stand.” Nevertheless, SBF has a behavior of explaining what’s in his head in a way that always doesn't painting him in a favorable light. It’s anyone’s guess whether or not this time issues will go in another way. Even when he manages to persuade one juror of his innocence – which in jury trials might normally be sufficient to safe a greater verdict – SBF’s trial is a bit completely different. SBF’s destiny shall be determined by a special verdict. In contrast to typical jury trials – wherein a hung jury is commonly sufficient to forestall jail time as long as the jury’s opinion isn't unanimous – in particular verdicts, the Decide decides what the jury solutions and attracts authorized implications from these solutions. In keeping with a six-page letter despatched by his attorneys to the Decide, SBF plans to place the blame on the authorized group representing him and his empire. SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).PrimeXBT Particular Provide: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.

0 notes

ailtrahq · 7 months

Text

A federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of 7 witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.In a Sept. 21 filing with U.S. District Court for the Southern District of New York, Judge Lewis Kaplan granted motions from prosecutors which would bar certain witnesses from testifying in SBF’s criminal trial. Kaplan provided different legal grounds for granting the DoJ’s motions against certain witnesses, which included the proposed testimony being “not at all clear”, irrelevant to the trial, or would otherwise seemingly obfuscate the facts of the case for the jury.The witnesses at issue in the criminal case included Thomas Bishop, Brian Kim, Bradley Smith, Lawrence Akka, Joseph Pimbley, Peter Vinella , and Andrew Di Wu, many of whom are professionals in the legal field. Court filings from Aug. 28 suggested that SBF's legal team could have paid upwards of $1,200 per hour for their testimony. Kaplan left the door open for SBF’s defense team to call some of the individuals in response to testimony to witnesses for the U.S. government. However, he denied a motion from Bankman-Fried’s lawyers which could have excluded testimony from Peter Easton, a University of Notre Dame accountancy professor, who will speak on FTX customer fiat accounts.Bankman-Fried is scheduled to appear before Kaplan for his first criminal trial on Oct. 3, where he will face 7 criminal charges related to the alleged misuse of user funds at FTX and Alameda Research. He will face another 5 criminals charges in a March 2024 trial. SBF has pleaded not guilty to all counts.Since a federal judge revoked his bail in August, SBF has been largely remanded to the Metropolitan Detention Center in Brooklyn until the start of his trial. On Sept. 21, a three-judge panel denied an appeal from the former FTX CEO’s legal team arguing for early release largely on First Amendment grounds. Source

0 notes

architectnews · 3 years

Text

Arté Mont Kiara Kuala Lumpur residential design

Arté Mont Kiara Kuala Lumpur Building, Malaysia Residential Design Images, Architect

Arté Mont Kiara Residential Project Kuala Lumpur

26 August 2021

Location: Arté MK, Kuala Lumpur, Malaysia

Design: SPARK Architects

Arté MK, KUALA LUMPUR, MALAYSIA Arté MK超高层住宅酒店综合体设计吉隆坡，马来西亚

Photos by Heartpatrick

Arté Mont Kiara Residential Property in Kuala Lumpur

PROJECT SUMMARY/项目综述

Over the last 10 years, Mont Kiara has transformed from a predominantly low rise neighbourhood into a vibrant urban quarter with a skyline that rivals many cities. With thousands of square metres of office and retail space, new apartments, and public space all part of a 75.5 acre development which features MITEC a recently completed trade and exhibition hub many now call it the combined development the “Jewel” of the KL metropolis.

在过去的10年间，Mont Kiara满家乐从一个以低层建筑为主的社区转变成为充满活力的城市街区，其天际线可与诸多大城市媲美。数万平方米的办公、零售空间、新公寓和公共空间是其75.5英亩开发项目中的一部分，其中近期竣工的MITEC是马来西亚贸易和展览中心，现在被��地人称为吉隆坡大都会的 “宝石”。

Arté MK (Mont Kiara) designed by SPARK Architects is a cluster of 3 towers. 2 residential towers and a hotel tower that sit at the gateway to KL’s new “Metropolis” .

由SPARK思邦设计的Arté MK（Mont Kiara）是由3座塔楼所组成的建筑群。业态包括了两栋住宅塔楼和一座酒店其中2座住宅楼，位于吉隆坡新 “大都市 “起始处。

The visionary thinking of the developer Nusmetro was to design an integrated development with iconic spaces for all those who want to live, work, and play in the heart of the city and provide enclosures and structures that extend and connect the amenities together seamlessly with the architecture.

开发商Nusmetro富有远见的规划是为希望在城市中心生活、工作和休闲娱乐的人设计一个地标性的综合开发场所，并提供一个将各项便利设施与建筑无缝的延伸及衔接在一起的空间。

The ambitious 200,000 m2 development features 1600 residential units, retail area at the ground level, and urban living concept designs including gymnasium, pools, garden terraces, restaurants and health facilities with interiors designed by Thomas Chan of Nusmetro in retro French Baroque style. The “ribs”, the architectural elements of the tower facades were inspired by the pattern of the client’s fingerprint, and provides the project with its unique identity of human DNA.

这项潜力无穷的20万平方米的开发项目设有1600间住宅，地面零售区，以及包括了健身房、游泳池、花园露台、餐厅和健康设施等城市生活概念设计，内部装修由Nusmetro的Thomas Chan设计，采用复古的法国巴洛克风格。作为塔楼外立面的建筑元素 “肋拱 “，其灵感来自于客户的指纹图案，为该项目提供了人类独特的DNA识别身份。

The notion of creating a complex of towers, united by a single podium base with entrances and address, retail, car parking and cultural amenities is realised at Arté MK to eschew the usual faceless car parking podiums of SE Asia. Arté MK’s organic podium becomes the building block for the transformation of the user experience and signature of arrival and threshold of Arté MK and the KL metropolis.

Arté MK的设计理念是创造一个由塔楼和裙房组成的综合体，该综合体由一个零售中心、停车场及文化设施的裙房共同组成，从而避免了通常在东南亚缺乏特色的停车场裙房。Arté MK的有机裙楼成为了改变当地居民城市体验的基本要素，并成为吉隆坡大都市的到达和起点的标志。

The logic of Arté MK like that of many Asian complexes depends on deftly tying the whole structure directly into the public infrastructure network and densifying the city, rather than occupying ever more “green belt” of the expanding KL suburbs. This is a plus from both an environmental and a social standpoint and no doubt serves to support Nusmetro’s wellness and sustainable objectives.

Arté MK的逻辑与诸多亚洲的综合体相似，其巧妙地将整个建筑的结构直接与公共基础设施网络相连，从而增加了城市的密度，而不是占据吉隆坡郊区不断延伸的 “绿化带”。从环境和社会的角度来看都是一个优点，无疑有助于支持Nusmetro的健康和可持续发展目标。

The cluster of 3 towers rise from the 7 storey podium to a maximum of 66 floors. The relatively simple geometry of the tower plans is transformed by the sweeping shapes formed by the finger print ribs as they ascend to the towers. This morphing of the tower forms begins at the podium amenity gardens where the three tower programs interlock as an urban ensemble.

由三座塔楼组成的建筑群从七层高的裙楼上升到66楼顶层。塔楼平面相对简单的几何结构是由指纹肋拱上升至塔楼时所形成的扫射弧形进行了转换。塔楼渐变的形态从裙楼的景观花园处开始，在那里，三座塔楼作为城市的集合体相互交错。

Arté MK was designed specifically for the site context, its image and gateway ambition, and interrogated as to how we could make a memorable interface between the property and the “fast” image of the highways bounding the site.

Arté MK的设计专门针了对场地的环境、形象和未来的愿景，并考虑到我们如何能在该住宅及其周边高速公路的 “飞驰 “形象之间建立一个令人印象深刻的场景。

Arté ranks as one of KL’s tallest residential developments with the tower forms making a dramatic statement on the city skyline, its gesture deliberately heroic in its elan.

Arté是吉隆坡最高的住宅开发项目之一，其建筑群体在城市的天际线上形成了一个瞩目的造型，雕塑感的结构及时尚的造型代表了塔楼的整体风格。

The towers all boast panoramic views, a soaring lobbies, and Instagram worthy boutique spaces within its podium, roof terraces, public and private amenities.

所有的塔楼都将景色尽收眼底，高耸的大堂，以及在其裙楼、屋顶露台、公共和私人设施中可以发布Instagram的精品空间。

Resident services at Arté MK include round-the-clock concierge, housekeeping, florist, 24-hour in-residence catering. Amenity clubs feature lounges, game rooms, a state of the art fitness centre, a 35metre swimming pool, a business suite, and screening rooms.

Arté MK的居民服务包括��天候礼宾服务、��政服务、花店、24小时住宿餐饮服务。休闲俱乐部设有休息室、游戏室、艺术健身中心、35米的游泳池、商务套房及放映室。

Arté MK has become a landmark for KL and used as a backdrop for many regional advertising campaigns.

Arté MK已成为吉隆坡的地标建筑，并被用于许多地区广告拍摄的背景幕布。

Arté MK looks especially wonderful at dusk, when its iridescent illuminated ribs reach to the stars.

黄昏时分当Arté MK流光溢彩的照明肋拱直抵星空时，看起来格外的美妙。

Stephen Pimbley SPARK partner said “In addition to the towers iconic twisting sculptural silhouette the development hosts a multitude of extraordinary amenities composed within it’s fluid urban gesture, it has to be seen to be believed and is testament to Thomas’ (Thomas Chan) imagination and status as Kl’s most visionary developer”.

SPARK思邦合伙人Stephen Pimbley说到： “除了塔楼标志性的动态雕塑轮廓外，该项目还设有众多非同寻常的设施，这些设施由流动的城市形态组成，必须亲眼目睹才能相信，这也证明了Thomas Chan作为吉隆坡最具远见的开发商的想象力及身份。”

PROJECT DATA / 项目数据

Total GFA (sqm): 201.800 sqm Three towers: 146.700 sqm Height: 225m

CREDITS / 设计信息

Project partners: Lim Wenhui, Stephen Pimbley Project architect : Luca Maccarinelli Design team: Peter Morris, Luca Maccarinelli, Anusha Bajpai, Andriani Wira Atmadja, Ethan Euihyun Hwang, Chanachai Panichpattanakij, Mark Mancenido Client: Nusmetro

Photography: Heartpatrick

SPARK

On SPARK: 关于SPARK思邦:

SPARK is a Singapore, Shanghai and London based team of designers and thinkers working in the disciplines of architecture, urbanism, interior design, landscape design, research and branding.

Using the evocation of the studio’s name “SPARK”; we produce stimulating, innovative, award winning buildings and urban environments that generate significant added value for our clients.

SPARK思邦凭借新加坡、上海、伦敦三地优秀的设计研究团队，在建筑、规划、室内、景观，以及相关的研究领域树立了独特的标杆。SPARK思邦取意于“思维的火花”，即为客户提供新鲜而富有创意的建筑与城市环境设计，它们能够为客户和他们的项目激发出重要的价值提升. SPARK思邦为亚洲，欧洲及中东地区设计了大量屡获殊荣的作品。思邦的工作基点在于对当代社会生活之演变保持着深入的研究，对城市和建筑不断激发出创新的思考。不论从精品店、住区、文化设施、滨水混合开发，到规模宏大的城市规划，SPARK思邦的设计作品不仅功能周全、形态优美，更重要的是带给人们身心的愉悦。 SPARK思邦的设计保持了对社会和环境问题的高度敏感性，并试图创立社会生活、工作、娱乐中的传统元素与未来灵感的巧妙连接。十多年来，SPARK思邦的设计赢得了客户、公众、评论界的共鸣。我们乐意与理念相投的伙伴共同合作，如信仰般坚守着建筑所能为这个世界带来的无限灵犀. SPARK思邦近期完成的重要项目包括获得cityscape Asia2008最佳滨水项目奖的克拉码头商业改建、获得2011MIPM亚洲最佳综合项目奖的上海国际客运中心、吉隆坡升喜廊、北京和宁波的两座来福士广场、以及分别获得2015/2016世界建筑节大奖的乐龄农庄和多彩沙滩屋.

Arté Mont Kiara Kuala Lumpur residential design images / information from SPARCH

Previously on e-architect:

11 Nov 2010

One Mont Kiara Kuala Lumpur

1 Mont’ Kiara retail mall

SPARCH

Location: Kuala Lumpur, Malaysia, Southeast Asia

Malaysia Buildings

Contemporary Malaysian Architecture

Malaysian Architecture Designs – chronological list

Malaysian Buildings

Country Garden Forest City Architects: LAVA image from architecture office Country Garden Forest City in Malaysia

Penang Global City Centre – twin towers, northwestern Malaysia Design: Asymptote Architecture Malaysian Skyscraper

Petronas Towers, Kuala Lampur Design: Cesar Pelli Kuala Lumpur Twin Towers

Petronas University of Technology building, northern Malaysia Design: Foster & Partners with GDP Architects Malaysian University Building

Pod Pavilion, Kuala Lumpur Design: Studio Nicoletti Associati Pod Pavilion Kuala Lumpur

The Troika, Kuala Lumpur Design: Foster + Partners with GDP Architects The Troika buildings

Malaysian Architects

Singapore Architecture Designs

Kuala Lumpur Building Photos

Malaysian University of Technology

Comments / photos for the Arté Mont Kiara Kuala Lumpur residential design Architecture page welcome

Website: Visit Malaysia

The post Arté Mont Kiara Kuala Lumpur residential design appeared first on e-architect.

#e-architect

0 notes

joffemd · 4 years

Text

Mall Shooting Highlights Folly of Single Asset CMBS Ratings

On Black Friday, the Destiny USA Shopping Mall in Syracuse, New York was evacuated after a shooting in the food court. The following day, a knife fight broke out in the mall’s entertainment complex, adding to shoppers’ apprehension about visiting. This apprehension should be shared by holders of Commercial Mortgage Backed Securities (CMBS) collateralized solely by Destiny USA loans, including owners of $215 million in AAA-rated senior notes. While one short-lived catastrophic event will not lead directly to bond defaults, the outbreaks of violence at an already troubled mega-mall cast a harsh light on rating agency decisions to assign their highest grades to structured notes wholly lacking the protection afforded by diversification.

As Marc reported previously, rating agencies have repeatedly assigned top ratings to CMBS secured by mortgages on only a single shopping mall. These shopping mall deals are a subcategory of so-called Single Asset / Single Borrower (SASB) CMBS. Buyers of AAA-rated SASB securities are protected from adverse performance only by overcollateralization – the fact that subordinated bonds will take the first hit when underlying loans fail to pay interest and principal in full and on time.

In the case of the Destiny Mall deal, JPCMM 2014-DSTY, the S&P and KBRA AAA-rated tranche accounts for half of the $430 million deal (excluding interest only securities). A credit event that forces a write-down of the underlying mortgages by more than 50% will trigger losses on the AAA notes.

While unlikely, such an event is hardly unimaginable, especially given the large number of dead malls dotting the American landscape. Isolated shooting and stabbing incidents – even at the height of the shopping season – probably won’t deliver a large blow to Destiny USA, but if the mall gains a reputation for danger, shoppers will inevitably begin to avoid it. In a weak environment for brick and mortar retail, reduced foot traffic could trigger store closures, leading to a downward spiral of fewer retailers and fewer shoppers.

Without diversification, the senior CMBS notes are vulnerable to default under these circumstances. Facing such a highly plausible default scenario, the senior notes do not justify a rating of AAA – an ultra-safe category for which default should be virtually unimaginable. S&P, for example, claims it expects AAA bonds to have a default probability of 0.15% over any 5-year period.

Why would any rating agency believe a single property, even with multiple businesses on this single property, should have such certainty that a loss of greater than 50% of asset value is virtually impossible? KBRA, for example, acknowledges the low diversity of SASB CMBS but asserts implicitly that its stress assumptions for net cash flow and capitalization rate are sufficient nonetheless. Yet the stresses at the AAA level apparently do not permit the model to reach 50% loss. Et voila, it’s possible to reach the AAA rating with 50% or lower LTV.

While S&P and KBRA maintain AAA ratings on Destiny USA mall bonds, two other rating agencies take a more critical view of the facility. Both Moody’s and Fitch rate municipal bonds supported by mall revenues. In June, Moody’s downgraded these securities to Ba2 – a speculative rating – citing Destiny’s challenging operating environment. Fitch also downgraded the bonds to BBB concluding that “a recent trend of weaker performance … is likely to reduce the mall's value.”

The top ratings from S&P and KBRA are even harder to comprehend since the CMBS are subordinated to the municipal bonds to which Moody’s and Fitch assign the much lower ratings of Ba2 and BBB, respectively. These municipals are secured by “Payments In Lieu of Taxes” (PILOT) from the mall. According to the Official Statement for these PILOT bonds: “The 2014 CMBS Mortgage securing the 2014 CMBS Loan is subordinate to the PILOT Mortgages securing the PILOT Bonds (Page 4).”

AAA ratings for CMBS bonds that are subordinate to Ba2/BBB municipal securities are very hard to fathom. The distinction of CMBS versus municipal bonds is irrelevant since Dodd Frank’s Universal Rating Symbols mandate requires that rating agencies maintain equivalent meaning of rating symbols across different asset classes.

A dozen years after the financial crisis, rating agencies remain a weak link in the financial system. We don’t know when the next financial storm will occur or what it might look like, but overrated commercial mortgages are clearly a vulnerability. Before the clouds start gathering, rating agencies should take a harder, more skeptical look at deals collateralized by shopping malls and those collateralized by a pools lacking in diversity.

--------------------------------------------This piece was written by Marc Joffe and Joe Pimbley, who both consult for PF2. Marc Joffe is a Senior Policy Analyst at the Reason Foundation. Joe Pimbley is the Editor of the Journal of Derivatives.

via Blogger https://ift.tt/2rEnLWi

#IFTTT #Blogger

0 notes