Kyle C. Garrison, Author at Studio yria

What Happens to FTX Clawback Cases if the Company Repays Its Creditors?

Feb

What Happens to FTX Clawback Cases if the Company Repays Its Creditors?

When the cryptocurrency exchange FTX declared bankruptcy about 15 months ago, it seemed few customers would recover much money or crypto from the platform. As John Ray III, who took over as chief executive during the bankruptcy, put it, “At the end of the day, we’re not going to be able to recover all the losses here.” He was countering Sam Bankman-Fried’s repeated claims that he could get every customer their money back.Well, it turns out, FTX lawyers told a bankruptcy judge this week that they expected to pay creditors in full, though they said it was not a guarantee…

Socionaut: the perfect strategic ally to improve companies’ social performance

Feb

By Kyle C. Garrison

Politics

Socionaut: the perfect strategic ally to improve companies’ social performance

In an increasingly connected global environment, social performance has taken on a critical role in the success of companies and organizations. Socionaut, a leading international consulting firm, provides specialized services in various aspects of social performance. With the 2030 agenda in mind, it seeks to build a more equitable, sustainable and just future for current and future generations.The firm recognizes the importance of understanding and being sensitive to all parties coexisting with a project. For this reason, they strive to understand the needs and concerns of all stakeholders during the process, highlighting the importance of this aspect in the development…

U.N. Climate Chief Warns Countries Against ‘Hiding Behind Loopholes’

Feb

By Kyle C. Garrison

Politics

U.N. Climate Chief Warns Countries Against ‘Hiding Behind Loopholes’

In a speech on Friday, the United Nations climate chief painted an optimistic picture of the fight against global warming while taking a jab at countries that avoid meeting their obligations by “hiding behind loopholes” in global agreements.The comments delivered by Simon Stiell amounted to an early attempt to set expectations for the next round of United Nations climate talks, scheduled for November in Azerbaijan. It will be the second year running that a major exporter of fossil fuels hosts the talks (the last round was in the United Arab Emirates), a fact that has drawn sharp criticism given the…

U.S. Makes Initial Offers in Medicare Drug Price Negotiations

Feb

By Kyle C. Garrison

Politics

U.S. Makes Initial Offers in Medicare Drug Price Negotiations

Why It Matters: The price offers kick off negotiations.The medicines selected for negotiations are taken by millions of older Americans to treat conditions like diabetes, cancer and heart failure. The administration identified them in August, beginning a lengthy process intended to result in an agreed-upon price that would take effect in 2026, assuming the negotiation program survives legal challenges.The initial round of price offers is a key step in the negotiation process. Each drugmaker has until early March to accept the offer or propose a counteroffer to the government. A series of negotiation sessions could follow, with the process set…

After Jackie Robinson statue is destroyed, Wichita rallies around a baseball league

Feb

By Kyle C. Garrison

Politics

After Jackie Robinson statue is destroyed, Wichita rallies around a baseball league

It was around noon last Thursday when Bob Lutz walked outside of his work and headed home before the start of his daily radio show. He looked across 17th Street in Wichita, Kan., from the offices of League 42, the nonprofit baseball league he founded in 2013. On a rainy, overcast day, he gazed over toward the Jackie Robinson statue the league had erected in 2021. The statue was a symbol of hope and resilience. Lutz, though, could not see the bronze depiction of the man who broke baseball’s color barrier.For a moment, Lutz wondered if it was covered by…

News Outlet Blames Photoshop for Making Australian Lawmaker’s Photo More Revealing

Feb

By Kyle C. Garrison

Science and Technology

News Outlet Blames Photoshop for Making Australian Lawmaker’s Photo More Revealing

A lawmaker in the Australian state of Victoria sat down to watch the nightly news on Monday, expecting to see herself featured as a prominent opponent of duck hunting.But the member of Victoria’s Parliament, Georgie Purcell, noticed that in one photo used on 9News, the tattoos on her midriff were missing.“I saw the image come up on the screen and I thought, ‘That’s really odd,’ because my stomach is heavily tattooed,” Ms. Purcell said on Wednesday.She compared the image with the original photo, which was taken last year by a local newspaper and realized that not only had her tattoos…

Walmart to Add 150 U.S. Stores in Five-Year Expansion Drive

Feb

By Kyle C. Garrison

Investments and Business

Walmart to Add 150 U.S. Stores in Five-Year Expansion Drive

Walmart will add 150 stores in the United States over the next five years, a major expansion drive for the retail giant.The company said the move, which it announced in a statement on Wednesday, would involve millions of dollars in investment. Walmart employs roughly 1.6 million people in the United States, and said it hires hundreds of people each time it opens a new store.Walmart had just over 4,600 stores nationwide at the end of October, down from more than 4,700 a year earlier. The company has not opened a new U.S. store since late 2021.Most of the stores that…