Aloha and welcome to this week's edition of Business in Hawaii. I'm Deila and Yanagita and we're broadcasting live from the ThinkTech studios in downtown Honolulu. If you would like to tune in live, we are at www.thinktechhawaii.com and you can sign up and get on our mailing list there as well. The theme of Business in Hawaii is to highlight local businesses by local people and our guests share with us how they were able to build successes in a sometimes challenging environment. With us in the ThinkTech studios today is a familiar face. Ray Tsuchiyama is a real estate advisor and senior project manager with Cushman and Wakefield, Cheney Brooks. Ray is also a consultant and is an amazing resource for us. Ray, thank you for joining me today. I have to tell you if I ever want to know anything about anything literally, I would reach out to you. Your wealth of knowledge spans oceans, literally. Your knowledge of international relations, just amazing. So I don't know if our audience ever had a chance to hear about your background, where you came from, where it all started. Well, I always see myself as a boy from Kalihippalama. That's where I grew up, although I was born in Japan. And a lot of the things that I really see my success or interactions with people from all walks of life or in all regions like Asia Pacific or beyond comes from my education and interacting with people in Kalihippalama, which they taught me respect for each other and also really diversity and to kind of listen to what their backgrounds are all about. You just can't make assumptions about anybody that you first meet. And that has carried me through the years. Amazing. So I know that you've been at MIT. You've been with some of the largest corporations and organizations across the United States. So tell us about your background. Yes. Well, I worked in computers. First off, I was back in Massachusetts during the really the heyday mini-computers, a company that nobody talks about now, which is digital equipment, DEC. And I worked in their headquarters in Mainier, Massachusetts. It was an old woolen mill from the Civil War, where they developed mini-computers and super mini-computers. And then I returned to Hawaii in the early 80s, and I was in commercial and industrial real estate with three firms. And I can talk more in depth later about their lessons or insights. Number one, Castle and Cook Properties, all big five companies, still around and doing well. Manroir and Finland, which morphed into Colleys International, still one of the top three commercial industrial firms in Hawaii, in brokerage, investment and property management. The third, Mitsui Real Estate. And they used to own, of course, they still own the Halekalani Hotel, and also what is now the Topa Towers, which used to be called the Amfak Towers, and many other buildings throughout the U.S. and Hawaii. And I had an experience managing and kind of marketing there. And then I went to Japan for 20 years, where I worked for MIT and in the tech area, AOL, the analog devices and chips, semiconductors. And my last role was senior consultant to Google before the earthquake. And that brought me back to Hawaii after 2011. Wow, just amazing. I mean, somebody with a resume like that is definitely forced to be reckoned with. But what I'm really happy about is that we're here today to talk about maybe not a new endeavor for you, definitely not a new endeavor for you, but almost a rebirth into real estate for you. So I do know that you got your real estate license recently. Yeah, in November of 2018. So why did you do that? Well, I got it first in 1984, thereabouts, a different time, a different Hawaii at that point. And then as you know, I left for Japan for 20 years and didn't really use it. And now I'm back and after several years back in Hawaii, I thought, oh, this is a thing for me to reinvent myself, or you can really teach an old dog new tricks, or to relearn. And I entered a course like everybody else last November, Inet Realty. And the first one I took with John Stapleton, fortunately, passed away. That was in the 80s. And now with Krishman and Wakefield, Cheney Brooks. And Cheney Brooks is a name that goes back to the 70s and really has a great history in commercial and industrial real estate. So I'm back where I kind of was in the 80s in Hawaii. But it's a different place. And the 2019 I feel is going to be a very exciting year. Fantastic. I want to hear about how things were when you entered the market. But before we go there, I have to ask you, so you took the exam in the 80s and you took it now in 2018. Was it different? Not really. I think interestingly, in the 80s, what was different then is still an issue today, which is about agency. And during the 60s and 70s, there were a lot of incidents where, unfortunately, some bad apples just got together and kind of worked out deals without really being responsible for fiduciary responsibility to their seller or the buyer. And that had to be very cleaned up during the 80s. And that began a whole training in standards about agency. Who do you represent? And that is still around. That is still a big issue in 2018-19. You can be even a dual agent, but you have to be very careful. How do you respond to an offer? How do you communicate information to each other? It is still an issue. Otherwise, land, the history from the great Mahelep, a leasehold versus fee simple, have not changed at all. Well, it's good to know. That's good to know that the knowledge that you had initially just kind of carried forward, just maybe morphed a little bit into some newer issues. So tell me, what was the real estate market like back in the 80s, when you did it the first time? Well, in the early 80s, America was really ravaged by what we don't see today, which is called stagflation. The end of the Carter years and the beginning of the Reagan years was a time of economic downturn. You could have a stagnated economy, which means things are not moving. And then you have high inflation at the same time. 1980 was a year of 13.5 percent inflation. There were interest rates going up to 18 percent. Housing development stopped for many, many developers. And it was a very different time. And it was just before 84, 85, which will be the tsunami of Japanese investment. So that five years was like a in-between time from the 70s and then comes the foreign investment boom. Wow. Okay. So the other thing is you have a memory like, I know they say elephants, but you remember the most intricate details of so many things. Just amazing. So the real estate market now signs in Hawaii real estate indicators from back then to... Well, let's look at December of 2018, which kind of gives maybe a portent of what's happening. And it's interesting, there's a press release from the Honolulu Board of Realtors that said in December 2017, there were 361 house sales. One year later, there's only 259, a 30 percent drop. But what does that mean? Are people waiting to put in an offer? Maybe they're waiting for declining prices. We may see an explosion in Q1 in the spring for buyers to step up or they feel that prices will go down a little bit more. So I don't know what that portents, but there are some realtors who do put their properties on MLS, the multiple listening services. If it gets too long, they withdraw it and then they come back again. So you don't really see how long some properties are in the market and maybe a much longer time than some people think, especially in the higher, higher property levels. So what are the macro trends affecting Hawaii? Hawaii's real estate industry then and now? Yeah. Well, one is interest rates, which is Fed is thinking about raising to 2.5. And then if you add another 1 percent, that's the more interest rates, I mean 3.5, 3.8 or whatever. And that is so low still, back to 16, 17, 18 percent, that's the more. Number two, unemployment, very low, very low. Hawaii may have one of the lowest unemployment rates in the entire nation. The other area is, of course, in currencies, I predict that in Q1, the Japanese yen will increase in value for several reasons, vis-a-vis the US dollar. And it's going to be this volatility in the Nikkei stock market as people are moving to a safe haven at the yen. The April 1st abdication of the emperor will see a lot of consumer demand coming up. There's going to be a lot more visitors to Hawaii. So that's an area I think some realtors are looking at. Stronger yen means more buying power. That's a macro trend. The Chinese renminbi I predict will decrease in value to the US dollar. It used to be, when I was going to China in the early 2000, it used to be 8.4, 8.5 to a dollar. It went all the way down to 6. Now it's climbing back to 6.5. It may go to 7. And so there's a volatility in the trade issues between the US and China. And there's a slowdown in the Chinese economy right now. So one area that people may look at is the number of visitors during Chinese new years going outside of China. If they're going to closer places like Korea, Japan, or Southeast Asia, or Australia, that means they don't have that much money. They want to keep their money. If they're going to Vegas, to Vancouver, to London, and buying a lot of consumer goods, then you see, well, the economy seems to be still very strong. So what about those micro trends in Hawaii real estate, especially where some of the major players are concerned? Well, I think we're in a kind of curious in-between period. And some older, more established firms, brands like Kahala Associates and Jane Warrell, are gone. You have teams now. For example, Myron Keir, he has a team at Better Homes and Gardens. There's the Ihara team at Keller Williams. There's preview agents, the top, you know, 10 preview agents who do the top properties at Kowa Banker. They're still there increasing their share. And so there's more done by less, fewer people. But when I say like Better Homes and Gardens or Keller Woods, they didn't exist five years ago. They're new entrants. So, you know, if you go back 20 years, Herbert Horitas and so forth, more of the locations, there will be much more in the market. So there's some changes here in residential, yeah. And like Pacific Elite came in, and they're now statewide. For Kowa Banker, there's still a Oahu office and a Maui office. So a statewide marketing effort is still not that rare. So it's a new innovation. We do need to take a quick break. But let's take that break. And when we come back, let's talk about some trends.  And then talk about your new adventure. I'd like to know more about that. So we are going to take that break. We will see you back here shortly. This is Business in Hawaii. Welcome back. This is Business in Hawaii. Today we have Ray Tsuchiyama, not an unfamiliar face here at ThinkTech. But when we left Ray, we were talking about how the trends have changed from back in the 80s to now, and the changes that have occurred. And the international market, the strengthening of the yen, and perhaps we're waiting to see what's going to happen with China and how that's going to fold into the mix. But we were talking about pricing. And you had mentioned to me on our break that supply inventory is... Right. And this has been pointed out by Paul Brubaker, the great economist, local economist. And he went into back in the day in the 70s and 80s. And there were years when there were like 10,000 to 14,000 housing units entering the market. We don't have that anymore. So that supply and inventory is very crucial to the real estate market in terms of pricing and so forth. And what is relevant even back then is still an issue today, which is the permitting and zoning process, which affects the price of the finished house or apartment building and so forth. And that adds a lot to higher prices than in mainland. In mainland, many places, I'm not saying we should be like Houston, which transforms ag land to BMX mixed use like nine months. But there has to be some way of increasing inventory we have to build. So I'm going to go far and we're going to ask you to make some predictions. Well, yeah. So there's some micro trends that affect I think the real estate market. And the one is that people, especially young people are leaving the state. And that is not a good sign because that means that the demographic that has a great job and pays taxes are leaving. And those taxes pay for the roads and government and all kinds of services and so forth. So that's one thing that is very, very rare for a state to lose people. That's not one. Number two, there's a flip side. There's, of course, the seniors who still remain in Hawaii. They're downsizing. They're moving from larger homes into condominiums. And so, but we still lack hospices, a lot more senior facilities. That's another one. And there's another third one, which is the aging infrastructure. A lot of the homes are old when you think a lot of plantation homes are built before the war or just after the war. Even when you look at a great place like the Gold Coast, a lot of those co-ops were built around statehood again. So some of the condo or co-op owners are being hit by assessments that may be as high as $50,000 to $100,000 per unit. The pipes are corroding, the sewage systems and all kinds of infrastructure. So that's a third micro point. The final micro point is I'm still an optimist. I'm still an optimist that somehow we can get a new tack with mass transit. That the last four or five stations from Ala Moana to Waiki could be a great public-private partnership. And again, the reason you have mass transit is that you are responding to population growth. You don't want more cars, so you have mass transit to take care of people who otherwise would be on the road. If you have a declining population, that takes away the reason for mass transit, which is very ironic. We're in 2019. However, we should not be seen as TOD or transportation-oriented development. I'm taking words from Paul Brubaker, but we should see it as development-oriented transportation. How can we enhance the inner core of Honolulu so that people can live and go to the workplaces along the stations of the line and not use a car? Does the industry ever consider what they can do to change some of those micro trends? You were mentioning young people leaving, the older folks not having facilities. Does the industry ever get proactive about what they can do to change a trend like that? I think people are aware of that. And I think people in the Chamber of Commerce are really aware of these issues and challenges. I mean, the number one issue should be public education for the state and, of course, how to diversify the economy so that people who want to be in certain areas, tech sector or finance, can remain in Hawaii. This is a larger issue than purely real estate. And why should the real estate sector be the vanguard of economic diversification? Maybe they could be, but again, that should be a leadership of the state and chambers of commerce and so forth. But that, to me, is an indication that we are not addressing that very economic disconnect in our society. You know, I believe that it's really a collective effort of all of our communities coming together, Governor Ige, with his campaign for 20x25 and then, of course, the promotion of STEM education, robotics, those are all great efforts to try to address perhaps bringing a different type of education, educated people to Hawaii. Now, you know, it's very interesting you say that because in a society, you want to change human behavior for the good, right? When you look at real estate, there are over 80,000 probably who have passed the test. So they paid $450, $500 stayed in a classroom, and many of them are inactive. They're not in active brokerage. And then you say, but they took that risk because they saw that they could further themselves and develop better earning potential. Now, you could say the same, why aren't there 80,000 software coders or people who are experts in Asia Pacific trade or exports, many areas. But they're not doing that. When I was in Vietnam in Hanoi at 10 o'clock at night, I looked for my taxi and it was a fuzzy glow from a building. And there were all these people studying coding at 10 o'clock at night. You see, how can you provide incentives so that you can mold a society where you want to go? I'm not saying that the people should not become realtors, but they're taking that risk and they see an incentive to become a real estate broker because that would add more salary, more compensation or whatever in their lives. But even if they became a coder, does that mean they have a great job? I don't see the Googles or Facebooks and Amazons in Hawaii. They're not here. And the other thing is maybe we should focus on developing a computer science department at UH or other places that would be in the top 25 or 50. That is a great goal in five years. And of course, the other thing is if we want to develop real estate apps and be the leader in real estate for the globe, why not have a center real estate and synergize it with the computer science department? So I hear your passion. I hear your passion for real estate. I hear your passion for technology. So tell me about how technology has impacted other industries. I know that you keep up with the the biggest and the greatest and all of the happenings. But in 2019, how does technology affect the real estate industry? You know, this is every January from the past several years, people make predictions or prognosinate into the future. And this is a very complicated issue because there's, for example, how do you transfer the technology for Pokemon Go for AR, augmented reality, which is that's an example of AR, or virtual reality to showing Kahala homes or Kainuki homes or Maui homes or whatever. How do you use a smartphone or tablets to show people or how and there are companies out there that are trying to exclude realtors. I mean, many realtors feel that real estate is a very local, local profession. I mean, there's a person who who are experts in Manoa, for example, only or on West Maui or something like that. So how do you do this? This is a very difficult question. I think what we have to the other question we have to ask first is, what is the uptake for technology among people in general? Do you see people using smartphones more or laptops or tablets? I don't think so. I don't think we are at a level at San Francisco or New York or other places. I think we have to get people up a level before we start talking about apps and so forth that will be leveraged by the general public for real estate. So how do we do that? Well, I think, you know, for all companies, especially, there should be certain ways of doing work. But you see, it's not just technology alone. When I worked for MIT, one of the most complex issues during the 90s was, why did technology go into companies, but productivity didn't increase? Very interesting question. And they found out later that unless you change management, you know, levels of management, how people report to each other, remember millennials are quite different animals. They do things and just because you have technology doesn't mean that everybody will use it or leverage it to become productive. So I think that is the first key. How do you change companies to become 21st century innovative companies and also see that they can build global platforms? Remember, we're in a market of 1.2, 1.4 million people. What if people here could develop apps to get 10 cents from every mobile smartphone user in China? We're talking real money. Right. We're talking real money, but we have to do it in Chinese language. How do you work for China mobile? How do you work for iPhones and Android platforms? There's a lot of things to get there. But again, I think we have a lot of groups like Chinese language experts, mobile software, tourism, all kinds of real estate, but they're not working together. We are in a siloed society. It's very unfortunate. Which is interesting, given our culture of bringing people together, of Ohana, and it's really amazing. I knew this was going to happen that we have so much to ask you and so much to glean from you. But unfortunately, we are out of time. I am so thankful that you joined us and gave us an outlook, the 2019 outlook, and I know that we'll come and tap you again to get the update on how we're doing. But thank you so much for joining us. We are out of time. I wanted to thank the wonderful production staff here at the studio. If you would like to be a guest on our show, please email your information to shows at thinktechhawaii.com. Business in Hawaii airs every Thursday at 2 o'clock and we look forward to seeing you here next week.


Well hello everybody. It is equality time. It is Friday five o'clock. My name is Laurie and I'm this is Carissa. How's everybody? I said before that this is not wished on any other soul.  I met a new co-worker this week and she said oh my gosh I just can't believe like you look the 100% female to me. You act 100% female. I could not see a trace of male in you and that meant a lot to me. She told me that today before I got here. It was October 19th that I dressed in public for the first time constantly not just to a doctor's appointment or anything just full-time and I've been full-time ever since two years ago today. So by the time I got back from Fantasia Fair and knowing yet how well I was accepted by the queer community and how I was told by other trans women there that I was actually gorgeous. I'm like that's not possible. I knew I felt different by age of eight.  I used to color them myself with crayons and or paint or pencil. Later on in my teen years in my 20s I felt like wanting to be feminine was bad. I felt like it was naughty, sexual, kinky, erotic. The third woman that I was with became my wife and my point was to be as physically fit, strong, muscular. Anything I could do to impress my wife was I was desperate to keep the marriage because my parents were divorced when I was five and I didn't want to repeat their mistakes but it didn't work. I've been out ever since and never looked back but it's been a hard hard road. I don't want to be transgender. I still don't like it. This is not a choice. No one wishes this on anybody. I've asked lots of trans people. All of them say I wouldn't wish this on my worst enemy but we have to do this to survive because it's either be a dead man or a happy woman. Do either of you support transgender rights? Yeah. Transgender, fantastic. Me too. So transgender issues are really important to me because I'm a queer woman and my partner is trans. Why are transgender issues important to you guys? I mean I just feel like people should be accepted no matter what. I mean it shouldn't matter what background. It's the same thing as like women's rights or people who come from different ethnicities. Under this law, men can demand to be treated as if they actually are women even if they haven't had surgery or hormones or medical diagnosis. They don't even need to identify as a woman consistently. In fact, a registered sex offender could abuse this law to gain access to women in various stages of undress and women who object to this invasion of their privacy by a male body can be punished criminally and financially if they speak up or try to stop it. And it's ironic how many folks more on the right or side of the spectrum believe and don't tread on me yet they tread.


Hello people of the internet, my name is Johnny and welcome finally to Five Nights at Freddy's Security Breach. This is incredible. The game is finally here. We've waited so, so long and it's finally here. First off, huge, huge, massive, unbelievably big thank you to Steel Wall for sending me an early access copy of the game. You know, as a FNAF fan who's been in the community since literally like September 2014 to now being in the position where I am to have incredible stuff like this happen, it blows my mind. So thank you guys so much for the support and thank you Steel Wall. I honestly don't want to drag this intro out any longer. I want to hop into this game because we've waited long enough and I don't want you guys to wait any longer for this intro. So without further ado, this is Five Nights at Freddy's Security Breach. Ooh, I like that animation and this is the main menu. Wow, look at this. So very creepy. Um, I do, again this is a early access copy so I don't know how final everything you're going to see in this game will be. Hey and thank god I realized that the game audio was not recording. I would have been so upset if that was not the case. Alright, I've set the graphics to ultra. I don't know if my PC can handle that but we're going to find out. Let's press play. New game. What? This game contains flashing lights. No, no, no, noises, jump scares. Ladies and gentlemen, boys and girls, Fazbear Entertainment would like you to put your hands together for the one, the only, free-fans fan. Ooh, it's part of the intro. Oh, look at them go. Dude. Haha, I love this. Look at them jamming. Is that Chica? Ooh, they look so good. And there they go, up to the stage. Oh my god. I love them. The animations are so good. Their personalities, Montgomery, my boy, Roxanne, Chica, and Freddy. Warning. What's going on? Who does he see? Oh. Oh. And you saw Chica like look over at Freddy like what's going on? Or at least she was standing there. Who did we see? Was it Vanny? Vanessa? The security guard? That was sick though. Oh my god, I love this game. I'm a little worried about the ultra graphics though. I might have to lower those a bit. But that animation was insane. Oh, I was just jamming. Starting up. Ooh, yeah, definitely going to have to turn down the graphics. Safe mode. What's safe mode? I'm still Freddy, right? What's going on? Oh. Showtime already. I am experiencing my function. The recharge cycle is not complete. Who said that? I did. And down here. Gregory? I still do not see you. Okay, listen. You were sleeping, so I opened the stomach hatch and climbed inside. My stomach hatch? That place is reserved for oversized birthday cakes. Oh, Kellan's doing such a good job. Gregory's voice actor as well. Oh. Oh. Exit Freddy. Eve? There you are. Hi, Freddy. Scanning complete. How odd. Your guest profile is unknown to me. What? Who are you? I'm Gregory. I'm Gregory. Look at you. Gregory. I will notify the main office. What? How are you doing that? Connection. Oh, dude, this is sick. I cannot connect to the main network. It's her.  She's not going to let you call for help until she finds me. Are we already talking about Vanny? Who is looking for you? Your mother? Your footstep.  Look out the window. Who's out there? What is the security guard? She can help. No. No. I don't trust her. See? See? I don't know who she is, but she's trying to get me. Isn't there some other way for you to communicate with me? Because I'm talking so loudly. Take this. It is a novelty Freddy Fazwatch. Take Fazwatch from Freddy. Oh, okay. This is the gift box. We saw this. Hey. Thank you. I don't know where that confetti came from. I'm sending you an encoded message. Hi. Press Tab to open the Fazwatch. There's a button. Okay. Thank you, Freddy. Missions. Find the button. All right. Press Tab to escape. Perfect. All right. Free Freddy and find the button. All right. So it's got to find a button on a wall. Seems pretty simple enough. Is this it? No. Oh. Oh, here it is. That was easy. All right. Mission updated. Oh, here. There is an open air vent inside the maintenance room. Okay. You will have to climb through the ventilation system and release me from the outside. Oh, okay. Save your spot. Thank you, Helpy. Oh, save station. Press and hold E to save the progress. Thank you. Game for the tip. All right. Let me do that. Oh, look at him. He's so cute. Over at your most recent save. Yes. I don't have any more recent saves. And this I'm assuming is the recharge station. And you can see my stamina when I run. And this is the vent. Right? Or am I wrong? Oh, no. It's up here. Okay. So let's get up here. Let's crawl into the vents. Oh, my gosh. Okay. We did know that we can get into the... Oh. Oh, she's talking to herself. I think you're beautiful too. Stupid. Stupid. Why did I say that? So true. Oh, my gosh. Oh, she has such a good voice. The voice acting is so good. The graphics are so good as well. I haven't noticed any drop in frames. Okay. I'm just going to keep on schmoozing. Okay. Okay. Okay. Okay. Okay. Okay. Okay. I'm just going to keep on schmoovin'. What is that? Is that like Monty or someone? No. Monty should be on the other side of Freddy's room. So we should be going to Chica's, I think, down here. Or maybe we're just going to get dropped off in the hall. All right. Let's not go that way. I'm guessing that's Monty. He seems like the destructive type. All right. What's down here? Oh. Oh, okay. I'm sorry. That must be Chica. Oh, dude. Hey, that sounds awesome, Chica. Keep at it. This is crazy. Can I see Chica? Oh, yes, I can. Let's have a look. Let's have a look at Chica. Oh, look at her. She's jamming out. Your room looks so good. Damn. Shred it, Chica. Shred it. All right. This should be the hallway down here, I think. This is so creepy. All right. Yeah. Here's a better look at Chica. That animation. It's so good. It's terrible. I'm loving this so far. Yeah. And here's the hallway. So let's drop down. Intercom. Ladies and gentlemen. Oh, Andy. And we hope you enjoyed the show. Drawings. Corn maze. Cleaning mud. Hey. Hey. Level 3 security pass? What? These are the cutouts from Corn Maze in Curse of Dreadbearer. Oh, look at these trash cans. Oh, they're so cute. What's this? To stage controls. Requires the backstage pass. Oh, my gosh. What is that? Oh. Off limits, Montgomery Gator. Yeah, you can't get to Montgomery. Endo skeleton. Sorry, no autographs. Dude. Yeah, so he is very destructive. What's this? FNAF 4? Toys? FNAF 2 posters? Main stage. Dude. Curse of Dreadbearer again? That's pretty. Oh, wait. Let's have a look at Roxy. Hey, Roxy. Do you see me? No, she doesn't see me. Okay. Let's go let Freddy out. Why don't we? Um, yo. Wait, how do I let him out? Release Freddy from the room. Okay. How do I do that? Over here?  How do I do that? No, smiley face. FNAF 3. What's this? Pull to collect. Is this a collectible? Oh no, it's just a backpack. What? No cameras. No map. Interesting. Alright, let's keep going. What's this? This is showtime. It has to be. It has to be showtime. Oh my god. I can't wait. Can you believe it guys? Showtime. Just a week away. Find a Freddy photo pass. Alright, let's do that. Oh. Let me crouch. Rockstar Row. Okay. Ooh, look at this. Helpy. Corn Maze. One free photo pass. Hello. Whoa. I don't have a flashlight yet. Whoa, this is so cool. Cheek of the Sea. Free parking. What's this? Actually, if I go out this way. Oh, never mind. I thought it was the teaser. I feel like I shouldn't be going down here. It's too dark. Oh, it's right here. Duh. Obviously. Let's go. So now we can go and get Freddy. Thank you. I will do that Freddy. I'm on my way. Right over here. Hey. Way to go Superstar. Let's go. I knew you could do it. I know how to get you out of here. Climb back into my chest cavity. There is still time, but we must hurry. If I am spotted, I will certainly be taken back to my room. Oh, no. I will escort you to the main exit through the utility tunnels. It is the safest path. Okay. You better be careful moving around. I don't want to be crushed and twisted into a meat pretzel. True. All right. Use WAS to control Freddy plus E to exit. Bots cannot find Gregory when he is controlling Freddy. This animation is so smooth. And now I am Freddy Fazbear. Look at me. Oh, you can't actually. Don't look at me. All right. So now we just have to go and find the main lobby exit, which I don't know where that is. I'm going to go out this way. Uh, here? No. All right. Let's go the other way then. Microphone. What's this? Your microphone, I think. Bow tie. Oh, Freddy. Dude. If we see OG Freddy, I'm actually like, bro. Bro. Ooh. Okay. Here we go. Storage basement W. Hey, that's all I take is massive Ws. Okay. I don't know what that was, but I don't like it. Oh. Hey, staff bot buddy. No Montgomery's. Interesting. Hello, little boy. If you're down here, say something. My queen. She's down here. We have to go back. Do not worry.  Even if we are spotted, you are safe with me. She would never suspect we are traveling together. True. However, we should still do our best to avoid her. If I am sent back to my room, we will never get to the lobby before midnight. I assume I will eventually be spotted, but I'm going to try not to be spotted. Ooh. I feel you are broken. Don't worry about it. I'm fine. No. I feel that something is wrong. I am taking you to the first aid station. There's no time. Oh, I'm not controlling. What? Enter first aid, but why Freddy? I don't need this. Oh, there's sun. The daycare attendant. I'm going to call them sunrise. Freddy, you're supposed to be on lockdown. Officer Vanessa, I do not know how I got here. Well, you totally blew it tonight, you know.  Now, parts and services have you on reduced power. They said it's a safety precaution. Just one more thing to deal with. I apologize. Okay. Look, we're like 15 minutes from closing and some kid is sneaking around backstage. If you see anything, notify me immediately. I already alerted the others. Now, go back to your room. Ooh, don't look at me. Am I good? We good, Freddy? Hey, Freddy plushie. All right, let's go. I told you she was after me. I said nothing. I will keep you safe. Let us go. All right, Freddy. Let's keep moving. All right. Now, I think I go back. Yeah, this way. This way. We are now under the pizza plex. These utility tunnels connect all the attractions. Yeah. You can go anywhere in the building. It's like in Disney's. Fazer Blast, Monty Golf, Roxy Raceway. They are all accessible to staff. Wisdom. Of clearance, of course. Guests are never allowed down here, but... Oh. This is a special situation. Oh. Uh. Uh. Uh. Um. Um.   What? What? Wait, I... What? I accessed copy, by the way. I think I might have to report a bug to...  Guests are never allowed down here, but... This is a special situation. Yes, sir, Freddy. Again, early access copy of the game. So I'm hoping... Oh, god. Low power. I'm hoping stuff like that will be fixed for the official release of the game. Oh. Another cutscene. Hey, save my spot. I wish I got that far before I went out of bounds. I am terribly sorry. The recharge cycle had not yet completed when I found you. What? Another bag? What? What? I will guide you on your fastwatch in case you get into any trouble. I don't know if I can do this alone. What? Freddy! Freddy! Alright, that looks kind of funny. But let's save, and let's go to the lobby. Oh. Hello, staff bots. Uh. Let's go. Alright. Another ominous hop. Wait. I recognize this. I recognize this. It's Chica. Maybe I could distract her with something. Yes, you can. No, noisemaker. Press E to knock objects over and distract the bots. Alright, we saw this in the trailer. So let's see how well... Actually, I saved. Let's have a look at what happens if we don't. Oh, hi. Game over. Classic FNAF game over sound, by the way. Um. Jump scare. Not that bad. That actually was pretty good. I'm looking at the recording, and I think it's a bit choppy, so if it is, I'm very sorry. But the game runs pretty smooth, which I think is crazy. I mean, I have this on ultra graphics, and I don't have the best PC, but this game is running very, very good. Alright, let's do it. I heard her speak. Oh, I saw her too. Alright, so now... Oh, stealth. Press left control to crouch. When you're crouching, the bots will have a harder time finding you. Blue outline means you are not visible. Yellow outline means a bot is currently looking for you. A red outline means you have been found. Okay, so right now they're looking for us. Because we did make a sound. Whoa. Alright, let's just go around. So I think once the thing is in the green, once the icon is green, we should be good. But I'm going to keep crouching. Oh, sprinting and stamina. Hold. Yes, yes, yes, yes, yes. I know about all of this. Okay. I think I can uncrouch, but I don't want to risk it. Okay, we're good. Uh, what's this? Wait, what? I don't know where I'm going. Let's go this way though. Okay, an elevator. Alright, let's save. And let's go in the elevator, I guess. Oh, it's not an elevator. Uh, well, you're actually very slow. Oh, okay, never mind, never mind. I take them back. He's very quick. Okay, okay, wow. Uh, lobby. No. Uh, uh, okay. Whoa, that wasn't very fair, Monty. Alright, I turned down the graphics a bit, so hopefully it's less choppy. I think so. I'm sorry that it might have been choppy in the video. But hopefully we should be good. And now let's escape. I was about to run, but it wouldn't let me. Alright, let's go. So Roxy's up here. And then Chica. Here's Roxy. No, I'm fine. And Chica's up here as well. Oh no, I'm out of sprint.  Go, go, go, go, dude, run! Are they coming? Oh my god, they're definitely coming. Alright, why did I stop running? Let's keep going, let's keep going. Let's keep going. Alright, security office, I think, up here. Uh, okay. Security breach TV. Whoa, whoa, whoa. Oh, what do you mean? Ready? Okay, thank you, thank you, thank you. Dodge and weave. Alright, let's go. Whoa, whoa, whoa. I see. Oh, I don't know what that means, but okay. I'm gonna quickly save. Hello, Ferdy Trashbin. Ooh, hiding places, press E when... Okay, so it's just hide. About that watch as you hide may instantly find you. That's great, that's great, actually. I'm gonna check the cams. Okay, so where am I? I'm in this hallway, I think. Oh, so she's there. So I can... I actually don't really know where I am, but I'm gonna assume I'm fine. I see a prize. Oh, oh, what do I do? She's not coming this way. So let's sneak around. Don't turn around. I'm getting this, I'm getting this, I'm getting this. Oh, Chica Piñata. How wonderful. Does lockers, those are not lockers. Please don't be around here. How did you not see me? You know what, I'm gonna take it. No, no, no, no, no, no, no.  Ooh, now that I'm 6 a.m., keep moving. Okay. Hey guys, listen. I'm lost. Listen, I'm lost. Chica, Chica, Chica, Jesus Christ. Oh my God, I just wanted to chat. Oh God. Oh no. What do I do? I can't go back. No, wait, what am I supposed to do? Oh, I have more cameras. Ooh, okay, so she's getting the frick out of there.  This is crazy. Who's that? Oh, that's Chica. Okay, so she's gonna go in here, actually. She's going in there. Can she go in there though? Oh, you can. Okay, so now I need to find a place to go or something. But I think I'm gonna leave this episode here while we're hiding away from Chica in the main lobby. This is crazy. I love this game. I think we're gonna have so much good moments. Does that even make sense? We're gonna have so many good moments with this game. Okay, she's long gone. This game is incredible. Steer Wall, you... I don't even know what to say. This is gonna change FNAF forever. This game is absolutely crazy. And I cannot, cannot wait to hop back into it. So that's gonna be it for episode one. Episode two coming out hopefully very, very soon. So thank you so much for watching. I hope you can stick with me throughout this entire game because this is gonna be a very long game but hopefully it'll be worth every second. Once again, thank you Steer Wall for the early access copy. It means a whole lot.  This is an incredible opportunity. So thank you and I'll see you all on the flip side. In episode two, goodbye.


I will start my talk now. Thank you very much for coming here and so many people here. Thank you. I want to talk a bit about the changing image of Pearl. I'm doing Pearl since 1994. I'm a bad programmer. I learned Pearl five times. I forgot everything about it again five times. So nowadays, I just don't learn too anymore. I just do marketing for Pearl. So this year Pearl gets 30 years old and by the time Pearl five was really released in 1994, it was very popular and people were very popular about Pearl. Yeah, we can do everything with Pearl. Almost nobody said something bad about Pearl. We got a nice image of problem solvers in different ways like the duct tape of the internet or the Swiss Army chainsaw. And I've been there several times that Pearl has been used as a Swiss Army chainsaw that other programmers would say, we can't make this prototype with our language. So make it with Pearl. And then they stuck with Pearl because it was nice. At several times, they kept with Pearl until now like Booking.com. 99% of Booking.com is written in Pearl. Maybe 98.5% by now with whoever. At some point, the popularity went a bit sour. Pearl people started flame wars between themselves and with other programming languages. A lot of people agree that we needed a break in backward compatibility, which led to Pearl six at some point. At the moment, Pearl five to 24 is still backward compatible to way back. I hope that more Pearl people learn the diplomacy that most Pearl six people have agreed to do. Pearl five people are getting better at it, nicer.  Some of you know who I mean. At some point, Python and Ruby and Java and JavaScript became more and more popular. And not all those people were as friendly towards Pearl. And I'm quite sure that it was vice versa. My language is better than yours. I like to say your language can do everything that you need as a programmer. My language can do everything as well. There's no need to call each other names. Be friendly towards what you saw. You learn from them. They learn from us. We help them to develop something and vice versa. We are all in there together. We're open source. Why would be be nasty, but still people didn't listen to me or anybody else who tried to keep things friendly. So this is what people said to me. So this is my eight foster that I have a booth here and people said that stuff to me. And that was what somebody called me at some point. Well, I think I'm looking better than that, but still. Yes, that was as well. You should not be here. I had a guy coming three years in a row at FOSTEM here. As soon as he saw the Pearl booth, he started screaming. You should not be here. You should die.  When he was finished, I laughed at him. I love you too. Making him completely confused when he went away. But then actually he came again, did the same. He hasn't been there for the last two years, makes me very happy. So at the time I was like that, sad. I don't want to be sad. And my partner over there and I, we wanted to take action. And we decided let's try to change something about that. Not many people were working on marketing for Pearl. We even had business cards handed out by people.  What? Come on.  We just have to do it. As soon as we do it, we do it like everything else. We have wonderful modules. We have a wonderful programming language. We have wonderful Pearl Manga meetings. If you said on mine to it, we do wonderful marketing as well. So I tried to show that. So yeah, those extra marketing. So we now have a whole lot of stuff for marketing. And at some point I kept maintaining a calendar of Pearl events of places to go to and trying to go out of the echo chamber. So not just Pearl workshops and Yapsie, but also to Foscon. I've been at Foscon as well. And I've been at Linux user group meetings and stuff. And they were so surprised to see Pearl people there. And then we noticed that they shouldn't be because our booth was one of the most popular booths. People came back, oh, I'm so happy to see Pearl. Wonderful. Oh, you're selling camels. How much are they? Wonderful. So well, we've been here since 2010. So this is the 8-1 death room. This is the seventh time we have a death room. Oskron booth, lots of other stuff. This is a typical Pearl booth. And that's my buddy Mark Keating. Mark Keating is the marketing chair of the Pearl Foundation and has his own company. He has done the London Pearl workshop for 10 years in a row and is now taking over by some other people because he was fed up with it. We sell a lot of stuff. We give away a lot of stuff. So how many programming companies do you know who have all this type of stuff? So I know people who have a nice stuffed animal or some beer with their name on it. It's just regular beer with their name printed on top of it. This is made for us. The Pearl 6 wine was made for Pearl. Ha! So after all the negativity, we said, keep calm, code burl, and do more. So we still need a lot more. We need people who write books, new versions of books. I asked at some point to O'Reilly, please make some more Pearl 6 books or Pearl best practices. We want to have a second edition of that. It seems to be difficult for some reason. Really, educational materials for trainers, for schools, etc. Yesterday I had a professor at my booth who took a whole bunch of tuits because of students don't do their homework. They keep asking me, please make some educational materials. We don't have that many teachers that teach Pearl. So it's difficult. We need articles written about Pearl. We need journalists at Pearl events and we need more. If you're organizing a Pearl event or whatever event as well, invite journalists to your event. They will write about your event. They might write about your programming language. They might write about Pearl or MySQL or whatever. All that stuff is good for open source. There are too many managers of big companies that think that open source is nothing because it's free, it's nothing. Well, I don't say that's nothing. I think that's quite a lot of people. This was the picture just before Larry Wall announced that Pearl 6 would be done right here. That's two years ago now. There he was doing that, announcing Pearl 6. That was both right here. Nice. Next year, hang on. So we're doing that stuff. We're bringing Pearl to the people. Every now and then we kick some people in the behind to write some stuff. And that's what I do. I make swag. By now, I gave away over 35,000 twits, 25,000 stickers, 20,000 buttons, 200 pens, batch extenders, those little ribbons that you hang on your back, brochures from different types. I ask people to give me their swag. So companies give me their brochures about how they want to hire Pearl people or that they do Pearl as well. And if any of you, your company has some Pearl swag that you want to be given out that other Pearl events give it to me and I will put them on the table. No questions asked. If it's Pearl, I will give it away. I sold a lot of stuff as well. And I'm not making money on this. This is community prices. I sell it for what it costs. And then I find out that people sometimes are quite happy with it.  Those batches that you see here, every batch pays for one hour of work by a Pearl core developer, like Jonathan Reddington for Pearl 6. And I myself sold 50 of those already. So I made sure that 50 hours worked on Pearl 5 and or Pearl 6 core work. I think that's quite nice. Because of that, a lot of bugs have been solved or new features have been added. This is a typical Pearl death room. I should make a picture of this, but no, I'm too late. We're there. So we stopped the Flame Wars. We stopped obfuscated code contests. We came in with modern Pearl. Well, Chromatic did, but we made it a meme. Modern Pearl, not any more the old Pearl. We won't have stuff that is documented, easy to read, maintainable, so that people who come to my booth don't say, ah, no, Pearl, that's a white ones language. No, it's not. We have a lot of other stuff. And we try to keep a friendly face and friendly writing, and we like to welcome newbies. And something like 10 years ago, we agreed all of that. 10, 12 years ago, we started this change of being more welcoming and stuff. It's paying off. It really is. We've got more jobs. Like I'm saying here, we've got recruitment agencies only focusing on Pearl jobs. And Pearl companies come to them, I need more. They already, all of the Pearl people have a job. I don't know many Unemployed Pearl people. That's a good thing, but also a bad thing because we need more. It's not a good thing when a company cannot hire Pearl people and they switch to Python or Ruby or Java or something. That's not good for Pearl. It's good for the other things, but not for us. So, we've got more newbies. I've been to conference in Romania. Looked around the room, it's half of the people are young and 25. This was an amazing thing. Lots of women, by the way, as well. Lots more than here. Welcome women, thank you. So, help Pearl and help yourself. Write, blog, present, give presentations like I'm doing now.  I have seen some vlogs. Go to expose, donate, support other ways, chat, patch, whatever. And when, please, when you write an article or blog or make a website about Pearl, don't call it just Pearl all the time. At least Pearl programming language at least once on every page. At least once. And why? Because Tyobi doesn't look for Pearl. It looks for Pearl programming language. So, if everybody does this, we will rise to number five in the index again. No, really. That's how it works. Three years ago, we were number 12. Somebody found out that that's how Tyobi works. Damn, why didn't we know that? Because we didn't search for that. Somebody searched for that and we all started promoting doing it like this. That the page will have that text on it. And since then, we rose to number 10, 9. At the moment, we are 8 or 7, I think. I think that's a good thing. Managers look at that list. I know about managers who look at the list. Top 10 is fine. Anything lower than top 10, we don't use anymore. Get rid of all that junk. Nobody's using that. They see Pearl on 708 and they think, oh, fine. That's a nice block. It's a bit of a long URL. I will give this PDF to the website and you can get it there. And that's just about that Tyobi thing. So, some more nice, shiny pictures of us being happy with Pearl. The last three years, I noticed we don't have or almost have no nasty comments at the Pearl booth. Yesterday, I had two. Both of them, Python people. Nothing else, only Python people. Ruby people come to us and say, hey, Pearl, nice to see you. Java people. Pearl, I'm using Pearl all the time. My work is Java, but all the other stuff like sysadmin work, I use Pearl for that. Excellent. Nice, thank you. And this year as well, I just had a very nice comment and I'm very nice. Oh, you've got Pearl 6 books. I'm going to buy that. What? But you're working with Ruby. Learn something else like Haskell, Alang. Nah, Pearl 6 looks nice. Okay, fine. So, make me happy. Happier than I already have because the Pearl booth is going like crazy. Help change the image of Pearl. Help me do the same stuff as I do or find out new ways. There's more than one way to make me happy. Like everything with Pearl. And thank you very much. That's all. Do I have time for questions? Are there any questions? I still have five minutes. Well, maybe somebody wants to set up that computer. Any questions? Any discussions, stuff? Anybody want to tell me? Well, you said stopping the obfuscated code comments. Yeah? I want to really see that as an attempt. I can bring you in contact with several managers who complained that you're only busy with stuff that nobody can read, understand or maintain. Stop doing that. Because it's really fun. Yes, but do it in your own time and don't make a contest of it. You should copy and rephrase like stopped coding, calls in an implicit way. There have been some changes in Pearl 5 lately which stopped some implicit things. You were guiding people wrongly. Yes, exactly. Any more? No? Thank you very much.


As part of its commitment to ensuring the safety of the community and promoting a safe and responsible road use across Queensland, the QPS will conduct a proactive policing response to a motorcycle event that's planned for tomorrow. The event that we're looking at is an annual event. Happens each year, attracts a large number of participants. This is one of those opportunities where the QPS is able to work in partnership across the organisation with many of its operational units. We'll have representatives from the State Traffic Task Force, State Traffic Support Branch. We'll have people from the PSRT, our public safety response team. We'll have staff from Task Force Hydro. So very much is a united operation designed to ensure the safety of our road users during the course of this annual event. There'll be a large contingent of police. We make no apology for that. It's very important that we ensure road safety, particularly in circumstances where we know there is going to be potentially some traffic disruption. And we'll be there to respond to incidents and respond to traffic and community safety matters as they emerge. And of course our response is developed around the idea that it is very important to keep people safe during the course of this event. On the other hand, I would like to do Detective Inspector Gary Watts, who will provide you with an update from Task Force Hydro. Thanks very much. Thanks, Chief Superintendent. Just to let you know that police will not be conducting an escort of the participants of the ride tomorrow. The police contingent is there to ensure the safety of the community and to ensure that all traffic regulations are complied with. Unfortunately, past events have seen blatant life endangering offences being committed. Such offences include the mass running of red lights, crossing double-wide lines and riding at excess speed. Participants of the run have also at times conducted their own traffic control at intersections. This places all road users at risk. This behaviour will not be tolerated and enforcement action will be taken. And I'll just ask you, we've got some footage that we'd like to show you. That's a previous run and the first bit of footage there obviously depicts the mass running of red lights now. There are hundreds of participants for that run, as you can quite obviously see, they're running red lights through Brisbane there and it places all road users at risk. With respect to last year and previous runs, I can say that traffic enforcement has been taken and the total of that is in the tens of thousands of dollars worth of traffic infringement notices has been issued. Pretty much, most of them are paid, yes. And do you know where they are? At this stage we believe they're heading south of Brisbane and we're still in dialogue with the organisers. In previous years there have been a reluctance to involve the police in relation to the destination of the run, which makes our response all the more difficult to manage. What do they do? Look, effectively what this is and the vision that you've just seen is really behaviour that is completely unacceptable to anybody and in particular to other road users. What we've seen on that vision and what we've encountered in other circumstances is nothing short of quite dangerous and it definitely puts other road users at risk. The roads, as we know, are there for everybody to share. It's completely unacceptable to have circumstances where particular groups decide for their own purposes to take over a section of roadway. That's not what Queensland Road Rules are all about. It's certainly inconsistent with the QPS's mandate to do all we can to ensure the safety of road users in Queensland. Which buggy gang is it and how many of them are you expecting to be on the front? Look, I'm not going to go into what motorcycle group we're talking about here. Certainly not my intention or Detective Inspector what's intention to give any publicity to any particular motorcycle club. We'll simply say that it's a motorcycle club that's well known to us. We anticipate that the people involved in this will be in the hundreds and so we're responding appropriately with the amount of resources that we're going to need to ensure a safe experience for road users in and around that area. Is it possible that he needs that we're preparing for things to stop them? We have many contingencies in place. So we have resources adequate to this. It doesn't matter to us essentially in which direction the run proceeds. Effectively what we'll be able to do will be to respond effectively with the resources that we have and the resources that we'll deploy. So you sent your wife? No, it's not a case of doing any escorts. We certainly don't escort groups of people, particularly if there's going to be behaviour that's unlawful, etc. Our primary purpose in all of this is to ensure that the roads are kept as safe as possible during the course of this event for other road users. We'll certainly be monitoring the progress of the run. We'll be doing that from static locations, we'll be doing that from mobile locations, but we'll certainly be in and around the vicinity of this run to make sure that we can intervene if we need to, take whatever action we need to take, but primarily do what we need to do to make sure that the other road users in Queensland are kept safe at that time. You said that you believe that they're heading south. Is that unusual? Is it usually a north run that you've seen in previous years? I'll let you know. They travel all over South-East Queensland at times. You do believe, though, that they will head to the surface paradise at least on the way through? No, no, we have no information to suggest they're going to the surface paradise, but as the Chief Superintendent Murray said, if they do, then that's up to them. We will manage them accordingly. New South Wales. Look, we really wouldn't talk about that arrangement. That's something for the New South Wales Police, certainly something that we wouldn't be comfortable with discussing. Well, it's, you know, our methodology is such that we wouldn't reveal precisely how many officers we're going to have as you can understand for pretty good reasons, not the sort of thing that we would be publicising. What we can say is that we have modelled a number of scenarios and we believe that in all the circumstances we have appropriate resources to be able to effectively manage this event for the safety of other road users. Please, please. Well, once again, we wouldn't be prepared to reveal that. We would say to you that we have a range of assets across the organisation. We have a range of cooperative sections within the police service and we will make those decisions about what's to be used, but it's not the sort of thing we would be discussing. That sort of law-breaking behaviour that you've shown in the video is that you need to do this particular event or do other runs organised by other clubs to involve similar behaviour? It's certainly not unique behaviour to this particular event. However, the numbers that participate in this event are quite large and that's what it makes it, from our perspective, more dangerous than the other type of behaviour in runs. As you know, we police a variety of runs involving outlaw motorcycle gangs and our operations and methodologies are really dictated by the nature of the run and the level of law-breaking.  What is your recommendation to people if they are worried about their behaviour? Well, I think the important thing is around this issue of road safety. The issues that we're mainly concerned about are those. The last thing in the world that we want to see arising from this event is the fact that someone is killed or injured as a result of some sort of incident that was avoidable on the roads. So what we would be urging the people participating in this motorcycle run and for people who encounter that run on the way to please exercise caution with each other, it could easily be a very dangerous situation if a motorcycle was to come into collision with a vehicle, et cetera, as all sorts of very bad outcomes. So we'd be urging everybody involved in this and people encountering it to be cautious. If people are particularly worried about behaviours that they'd like to report to the police, we'd urge police to contact crime stoppers and, of course, to report the incident to crime stoppers and police will respond. Previously, this club has engaged at service for the Robinson and O'Call on their behalf. Why would they seem to need to do that and would you expect them to do that again in this case? Look, whatever strategies they, you know, any particular club wants to use, whether they want to engage legal representatives, et cetera, is, you know, is really irrelevant to us. As I said, our purpose will be there to ensure that their roads are kept safe over that period. You know, clubs want to bring lawyers with them, et cetera, that's entirely a matter for them. Irrelevant to us, we will be focusing on the road safety issues at hand. You're expecting... It really depends on the weather. When there is a favourite around at the moment and it does have an effect on numbers, but they still run the event and they still have significant numbers. So it's a good day? I couldn't comment on how many people intend to go, but we commonly look at around 250 people that may participate, depending on the weather that is. Would you describe this particular bikey gang as worse than other gangs in relation to dangerous behaviour on the road or any behaviour? No, look, we wouldn't speculate on the particular clubs. We wouldn't discuss them individually. Fact is, large numbers of motorcycles, close proximity to other vehicles, it's potentially a dangerous scenario irrespective of what club is involved. Where are they leaving from, what? They're leaving from just south of Brisbane. Where are they leaving from? It may be. We are careful with the number of contingencies around that. We've planned for, you know, for eventualities that things may change. And if they do change, we'll be in a position to respond appropriately. So let's make one comment there. You mentioned before about a particular OMCG. Just to let you know, the make-up of this ride is vast majority of people are members of the public. And we want to get it through to them that just because they're participating in a mass ride does not mean that they're immune from enforcing the law or having traffic infringement notice issued to them. Behaviour, as you've seen in the video, will not be tolerated by the QPS and will be taking action in relation to that. Sorry, so just to clarify that you're saying the vast number of people who participate in this ride aren't actually don't belong to a motorcycle club that is going on for the fun? They don't belong to an outlaw motorcycle gang. They may belong to a variety of motorcycle, social motorcycle clubs, but that's correct. They are, by majority, members of the public going along for the ride. Would you expect interstate members of this motorcycle, this outlaw motorcycle club to be attending? There may be a possibility. We're planning for any time during the course of tomorrow. And that won't be a time of our choosing, but we'll be ready to respond when the ride commences. What is the fund for that to hold the introduction? Well, that would be a court-imposed penalty, and it would be up to the magistrate to make a determination about that. But there is an offence for impersonating a police officer. If that was to happen, then we could take action. There are a range of other offences that were out... Has that charge been employed? Well, the key with impersonating a police officer is they've got to be impersonating a police officer. They've got to be doing something, wearing a uniform that I'm entitled to wear, et cetera, et cetera. If you're talking about just informal traffic direction, there are a range of offences under the traffic legislation around placing a person's self on the roadway in an unsafe way. There's a number of potential offences that would fall under that act. But I think key to it is that if we have people who are clearly breaking the law, putting themselves in dangerous situations, perhaps creating dangerous situations by their behaviour, then there is criminal sanctions for people who do that. There's all sorts of negligent acts that can amount to injuries that will come from something like that. So that's the reason that we want to be involved in this. We want to be involved to the point where we can observe, we can take action that's required, and we can ensure that the law is enforced. Fairly and impartially, and that we'll be there to manage overall the aspects of this run. How much is it for crossing onto the other side of the road? No, just off the top of my head, I don't know. Yes, there have been people who have been injured. As a result of these run, there's been traffic actions between participants, and certainly that's what we are attempting to do tomorrow is to prevent that from happening. I can't really say. I believe that motorcycle accidents inherently are dangerous, so I couldn't comment on the injuries, though. OK, thanks for that. Oh, yeah? Yes.


Hello and welcome to the session in which we will learn how to prepare a balance sheet. The balance sheet is important because it's covered in your financial accounting course, intermediate accounting course and definitely on the CPA exam. Matter of fact, the CPA exam, the FAR section, is simply the balance sheet. Why? If you really think about it, what do you learn in the FAR section? You would learn cash, you would learn account receivable, you would learn inventory, property, plant and equipment, investments, liabilities, current, long-term, and the equity accounts. And those are the balance sheet accounts. So in this session, you would learn about that big picture and learning about the balance sheet is important because when you journalize an entry, you need to understand mentally, imagine where does it fit on the financial statement, whether it's a balance sheet account or an income statement account. So that's very important.  Most likely you have a CPA exam course. Great. That's fine. Keep it. You need that CPA review course. What I do, farnhatlectures.com can help you in addition to your CPA review course. It's a useful addition. You keep your courses, it's a useful addition. My courses are built to parallel your CPA review course. So built exactly to help you with that CPA review course. I can help you understand the material better, which in turn add 10 to 15 points because you could use your CPA review course much more efficiently. Your risk with me is one month of subscription. You take the subscription, if you see it makes a difference, you keep it. If not, you cancel, you lost one month. That's fine, but your gain is passing the exam. If not, for anything, take a look at my website to find out how well or not well your university is doing on the CPA exam. And this is a list of all other courses that I have that I cover. If you haven't connected with me on LinkedIn, please do so. Like this recording, share it with other, connect with me on Instagram, Facebook, Twitter, and please connect with me on Reddit. So this is a trial balance. And simply put, this is a simple trial balance. This trial balance is organized normally. It means assets are first, then liabilities, then equities, which is good. Otherwise, I could give you this trial balance where the accounts are all over the place and you have to sort out what account is which. I can also give you a trial balance where I have revenues and expenses, even confuse you more and ask you to prepare a balance sheet. So this could be a little bit more involved. The key here is just to kind of make sure you are comfortable with what is a balance sheet is. And this is for Adam Company for December 31st, 2023. So the first thing you need to know about the balance sheet, it has three headings, the name of the company, the name of the financial statement and the date. Very important to understand the date on the balance sheet. It's at December 31st, 2023. So it's not a period of time. It's a point in time. So that's the first thing you want to know about the balance sheet. It's a one point in time, December 31st. Now, the balance sheet is organized. The three categories are hopefully, you know, this assets, liabilities, and equity. And within assets, this is going to be a classified balance sheet. So we're going to bring the assets into current, non-current. If we have investments, if we have intangibles, we have classified balance sheets. You want to understand this? The first thing we're going to start with is current assets. Current assets. What are current assets? Current assets, assets that it's going to be converted to cash, sold, or received in cash within the next 12 months. Well, obviously, if we look, let's start with the first account. Cash is cash, cash, of course. So cash is a current asset. So cash by default is a current asset. Account receivable, 57,000. What is account receivable? Account receivable is when you sell on account. And when you sell on account, you expect to receive cash. Well, when you sell on account, do you expect to receive cash within 12 months or longer than 12 months? I hope you know this. It's less. So it's going to be converted to cash. Inventory, 63,000. Is inventory a current asset or something else? Well, when I have inventory, what do I expect to do? I expect to sell it in the near future and convert it to cash. And I hope it's not going to be longer than a year, right? So inventory would also be considered current asset. Prepaid expenses. Well, when you buy prepaid expenses, when do you expect to buy them for? For how long do you buy prepaid expenses for a year, two years, three years? Usually when you buy prepaid expenses, usually you buy them less than a year. So you don't want to prepay your expenses. Some companies do because you might have a good deal, but still it's considered to a great degree prepaid expense. Short-term asset, okay? Because it's going to be consumed within one year. So that's 33,000. We're done. Equipment, 140,000. When a company buys equipment, do they buy it for a year or longer than a year? Let's think about it. Well, I hope you know this. When you buy property, plant, and equipment, those are long-term investment in your company longer than a year. Therefore, it's not current asset. Now, we can add up our current assets and they will add up to 226,000. So we are done with the first section of the asset, which is the current assets. Now, we're going to look at, you know, non-current assets. And under non-current assets, you could have property, plant, and equipment. You could have intangibles and you can have investments. So let's see what we have. Obviously, I already showed you we have property, plant, and equipment. So equipment, we have 140,000. We're done. What comes with the equipment? Oftentimes, with the equipment comes accumulated depreciation. It's a contra asset. It's going to reduce the equipment and it's going to give us net property, plant, and equipment. So 140 minus 52 equal to 88,000. So this is net property, plant, and equipment. We could have land in this area. We could have furniture. We could have furniture, a computer, someone and so forth. So this is the second section. You can call it the second section or this is starting from here going down. Those are all non-current, okay? Which is one of them is property, plant, and equipment. So we're done with property, plant, and equipment. It seems we don't have any investments, long-term investments, because if it's short-term, it goes here. If it's short-term, it goes with current assets. Now it seems we have an intangible, a patent, and it's listed at net of 58,000. So this is the patent. And after the patent, we have account spable. Account spable is a liability. We stop. Now we are ready to look at our total assets. Our total assets are 372,000, which is the current, total current assets, plus net property, plant, and equipment, plus net patent. Net patent means it's the patent minus amortization. They're not giving us the amortization account here. They're just keeping it simple. So total assets is 372,000. Now I expect liabilities and equities to be 372,000. Let's find out if that's the case. Now I'm going to move on and start to prepare my liabilities and stockholders equity section. And again, here I have two sections. I have current liabilities and long-term liabilities. Current liabilities are liabilities that's going to be paid off within one year or the operating cycle. Account spable always when someone sells you on account, they expect to be paid within one year. It's a current liability. Interest. When the bank, when you accrue interest, the bank wants their payment every year. So therefore, interest is current liability. Note spable do 10 years. So the telony, it's not due within the next 12 months. Therefore, this is long term. Therefore, total current liabilities is 32,000, total current liabilities. Now we could have a note spable that short term, but here they're telling us the note spable is due within 10 years. So you have to be careful here. And also note spable, I'm not going to go into this, you know, I'm not going to explain this here because I explained it in my lessons when I explained the classified balance sheet. A long-term note spable could be a short term. You could have a short-term portion and a long-term portion here. They're keeping it simple to assume it's all long-term because a long-term note spable could have a short-term portion. The payments that's due within the next 12 months at short term. So for example, in other words, let me just kind of take this 190,000. For example, this 190,000, for example, 10,000 of it could be short-term and 180 is long-term. So long-term could have a short-term portion and long-term portion. But here I'm not going to go into this discussion. If you want to learn about this, farhat-lectures.com, I have a whole lesson about classified balance sheet. So the long-term is 190,000. Now after the long-term, I have common stock and retained earnings. I hope you know this. Those are equity accounts. I can add up my total liabilities of 222,000. Very simple. I have two equity accounts, common stock and retained earnings. And this is my total stockholders' equity account, 150,000. Now in some trial balances, what I do to trick some students, I don't give you retained earnings. And I would say prepare a balance sheet and people would say, well, retained earnings can be zero. Well, no, it's a plug-in. It's the number that you will need to make it balance. Therefore, if I add liabilities plus equity, it should add up to 372,000, which is equal to my assets. So this is the basic structure of a balance sheet. Specifically, we prepared a classified balance sheet. You want to be very comfortable with the basic. This is as basic as it gets. If you don't know what goes on the balance sheet, how does it fit together? No worries. I have basic financial accounting courses. Also, my CP at the beginning of all my CPA review courses, I have basic accounting lessons for you to remember the basics because that's the key. At the end of this recording, I'm going to remind you to visit farhatlatchers.com. I don't replace your CPA review course. I'm a useful addition. I don't take that away with you. I don't compete with anyone. I don't compete with them because I can't. I serve a different purpose. I explain the material differently. I'm like that supplemental tool or that vitamin pill that's going to help you improve your grade. Your risk with me is one month of subscription. Your potential gain is passing the exam. Good luck, study hard, and of course, stay safe.


Welcome to the North Carolina School of Science and Mathematics. My name is Kim Logan and not only am I an admissions counselor here at the school, but I'm also a class of 1997 graduate. The North Carolina School of Science and Mathematics was the nation's first public boarding school to offer a focused curriculum in science, technology, engineering, and mathematics. And the school continues to lead the way in public education today. From the moment you set foot on campus, you know that this is a high school like none other. Right now I'm standing in front of Watts Hall, formerly the historic entrance to Watts Hospital. Now you may be wondering, why is there an old hospital on the campus of a science and math school? Well, let's take a tour and find out. In the late 1970s, Governor Jim Hunt, former Governor and Duke University President Terry Sanford, and Scholar John Ealy, along with many others, saw a need in North Carolina for a new kind of school that would emphasize science and math education. After the state legislature approved the funding by one vote, the plans for the school were finalized and it opened its doors on Durham's historic Watts Hospital campus in 1980, welcoming its first class of 150 students from all across the state of North Carolina. Today, the school welcomes more than 650 students from every corner of the state, all 13 congressional districts and nearly every county, tuition-free. Any high school sophomore who is a North Carolina resident can apply. And in 2007, the school became the 17th constituent of the University of North Carolina system. Pieces of the school's history can be seen all across campus. From Watts Hospital's surgery room, now the school's art studio, to the hospital's groceries, now classrooms students call fish tanks because of the small observation windows. But I bet you want to hear more about the students in the buildings, right? For that, let's head inside. From across North Carolina, students continue to answer the NCSSM Challenge. Every year, these juniors and seniors embrace a highly charged academic climate away from home. Students discover their own way to learn through smaller, collaborative classes and research and mentorship programs through Duke University, UNC Chapel Hill, NC Central, and NC State. Students at Science and Math also participate in more than 90 different clubs and activities ranging from fine arts programs to varsity and intramural sports. Let's talk to one of our students to hear more about the extracurricular experience. From the first day that I got here, I was a new junior. I had no idea where to go or what to do.  So I went down and started playing. I learned some guys' names, found out they had tryouts in a week. Winning the state soccer championship was, that was a big deal. A lot of people saw us as a surprise when we walked on to the championship game. The other team, really strong, they had scored something like over 100 goals in the season. We played our hearts out. I mean, the other team might have had a little bit more skill, but we fought and we got one and we won it. In addition to the exciting opportunities made available at NCSSM every day, each spring students participate in a seven-day academic experience called Miniterm. Miniterm allows students to explore an area of interest to them through a sponsored or self-directed project. Some students stay on campus to complete their projects while others travel to places all over the world. The NCSSM living and learning environment provides our students with a world of opportunity. Every student that attends NCSSM must live in one of the dorms on campus.  For more about the residential experience, let's talk to one of our SLIs. As a student life instructor living here on campus, I wear a variety of hats. First of all, I live on a hall with 36 young men and I supervise them on the hall, organize activities and programs for the hall and things like that. I also teach a course called student life 101 and that course is required for all our juniors to take. They take it during their first and second trimesters. We cover a variety of topics that are basically success strategies that will help them succeed here at the school and also in life in general. We cover time management and study skills. We teach them how to write a resume and apply for a job, do a job interview and throughout the course we emphasize leadership skills as well. And the school has been continually committed to transforming today's students into tomorrow's leaders. One of the most important pieces of that transformation is teaching students about the importance of community service. Every student that graduates from NCSSM must complete 60 hours of community service during the summer and 3 hours of service per week on campus during the school year. Let's hear more from one of our cafeteria work service students. I probably wouldn't have chosen to do work service. I work for about 3 hours a week doing dishes for ever 650 of my classmates so something more work than I'd be doing at home, more chores, my mom would be doing otherwise. But I feel like it's a really valuable part of the school experience here. I've really come to almost enjoy it to an extent and it's totally worth it because I absolutely love it here. I love it. Hello Science and Math. This attitude of service is carried out across campus and beyond where the school continually engages the community. Every year, NCSSM hosts events and activities for the entire state like the annual American Indian Pow Wow, the largest pow wow in the southeast. Events like these, along with frequenting restaurants and coffee shops on 9th Street, help NCSSM students engage with the local community. NCSSM also serves students and educators across the state by providing educational opportunities through its distance education and extended programs division. As one of the pioneers of distance education, the school's instructors have been teaching students across North Carolina for more than 10 years. Throughout the year, NCSSM provides course content and enrichment programs via interactive video conferencing to schools across the state. IVC provides an environment most similar to the traditional classroom. Students can see, hear, and interact in real time with the teacher and all the other students. Each year, NCSSM provides hundreds of students, largely from low wealth communities with high level science and math programming, classroom collaborations, and virtual field trips to museums, colleges, hospitals, and other organizations here in North Carolina or around the world. In 2008, NCSSM began offering its rigorous courses online. Like the school's residential component, NCSSM online is a unique tuition-free program of rigorous advanced courses. This exceptional two-year hybrid learning experience gives students a unique blend of connections. Using state-of-the-art technology and a dynamic online learning environment, this program is enhanced by a residential summer experience as well as on-campus weekends throughout the school year. Through its distance education and extended programs, NCSSM reaches thousands of North Carolina students and educators during the school year, but it doesn't stop there. Every summer, hundreds of North Carolina educators come to NCSSM's campus for professional development workshops and activities. The campus also plays host to students from across the state who participate in focused science and math programs. At the North Carolina School of Science and Mathematics, you become a part of something. The experience here shapes minds and opens doors that lead to individual thought. NCSSM is leading North Carolina and the nation by proving that high school is more than just cliques, clothes, and classrooms. It's providing the kind of 21st century education that is the fuel for our statewide economic engine. I hope you've enjoyed your tour today and that you'll come visit us on campus to see for yourself why NCSSM is North Carolina's high school. We'll see you soon.