the basic norm, the working classes that have lost a lot of ground in our society. a un special reporter on adequate housing, traveled the world investigating a global crisis, but people are evicted to clear the way for investors and properties. too often left mc. push a witness documentary on a job. oh hello, no catering under the top stories here. janet is president, has named a geologist with little political experience as a country's 1st female prime minister. nationally begins appointment comes one day after fortune is in political parties. formed a coalition to oppose president k siad. he's been accused of carrying out a crew after suspending parliament and announcing he would rule by decree.

opposition. politicians warned they'd call for protests unless side reversed where he was to seize power. aside his honest rudin to form a government as quickly as possible. what mara? a few people with us. this is a historical moment where we see, for the 1st time ever a lady who is a prime minister in our country, we will be taking care of our responsibilities and such a moment. it's an honor for genius and fortune. as in women, see you as our prime minister. women can be successful leaders just as mankind and have a clear vision exactly like man. i hope with the blessings of god that you can within the next coming days. nominate the proper names. your cabinet. ja. we've lost a lot of time and we need to act quickly with full harmony between members. if your cabinet work hard to fight corruption without your engine monetary and she says, the crisis in ethiopia is too dry. region is a stain on our conscience. martin griffith's recently visited the area and says,

people that are starving to death conflict between regional forces and federal troops broke out into dry in november last year. and a de facto blockade has restricted deliveries is much needed aid ever since. yes, replicants are trying to pick apart. president biden's defense of his withdrawal from afghanistan in the 2nd day of congressional hearings with military leaders. administration has been accused of being unprepared for the full of cobbled when the taliban now in control. general milly says there's a real possibility extremist groups could rebuild as early as spring lava flowing from a volcano. and the spanish island palmer has now hit the logic ocean, sending out plumes of steam. and the threat of toxic gases, authority, se, yeah, remains fine to breathe, but that will be closely monitored. hundreds of homes have been destroyed and thousands of people evacuated. to say when this witness continues. next, i'll be back with the news straight after that to me then if you can. thanks,

georgia. my phone. aah! the health of humanity is at stake. a global pandemic requires a global response. w h l is the guardian of global health, delivering life saving tools, supplies, and training to help the world's most vulnerable people, uniting across borders to speed up the development of treatment and the vaccine. working with scientists and health workers to learn all we can about the virus keeping you up to date with what's happening on the ground in the ward and in the lab. advocating for everyone to have access to a central health services. no more than in the world needs w h. making a healthy world to you for everyone. ah.

you go by you. i'll see you and ryan, a call. come on being with the largest real estate, private equity firm in the world. we've got investments and people around the globe, but by keeping our business entrepreneurial we can move very, very quickly. john gray is the global head of real estate for blackstone group, which is the world's largest private equity manager. so one of the market you went into was a single family homes, and i know you have a big port covers at 50000 or yes. how do you even find 50? yeah, to buy a you need a global financial crisis for that to occur. you're sitting around in 2011. you're

saying, where is there a large pool of assets that are going to be sold by financial institutions, a big discount to underlying replacement costs. and it was pretty obvious in a single family homes would spend $25000.00 or so fixing them up. and then let's read them out and make income producing assets out of them like an apartment business, but just not in one large complex, but if we do it enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distressed mortgages and all of that. and i went onto the blackstone website. i worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone. i know. so basically by up the whole neighborhood, gentrify the whole thing, and double or triple the value of the realistic just because you've testified the

neighborhood enforce everybody else and makes no mention of people really at least that by minute. 16 and a half, he hasn't mentioned like the people that would be living in those places. we own properties around the globe. we buy these investments on behalf of a company like wax only, or any of the big financial enterprises were the big winners in the crisis. they were the big winners in the housing market. they were also big winners in the equity markets. it was as if the u. s. government, rather than helping the homeowners who are losing their homes, actually sided with the banks, encouraged foreclosures to clean up, the books, gave them money to hedge funds and private equity firms could then bought the, the distressed assets to make money. so it is the way that the 2008

crisis has played an important role increasing wealth inequality, united states, and other countries that have been afflicted by the crisis. ah, it doesn't totally work at the statement yet. let me give you a snapshot of the new world of housing. and while i do so, i urge you to reflect on the images behind me. just like that. like i can remember how we did it with the homelessness report. but i remember when i was re reading my statement, i did have that if a pin dropped, we would have heard it in the room. and that's what i need because they don't have the time they're on their blackberries and not paying attention. their eyes phones i suppose now, you know, i mean homelessness is a bit different to, you know, we are seeing images of people. and part of the problem is that when you're describing the stuff, it's supposed to be shocking. it's all cranes and buildings and glass and stuff,

and so you're not moved in the same one. distinguished elegance. we are living in a new world, a world in which the housing sector has been transformed by global corporate financial actors and massive amounts of excess global capital. global residential real estate is now valued at $163.00 trillion dollars. more than white the world, total gdp housing has been financial life valued as a commodity rather than a human dwelling. what i am suggesting is a significant change away from the commodification of housing in order to retrieve what housing mean in terms of human dignity and security as a lived experience as a human right. thank you. and i

was walking through the new buildings to new state, which is now called elephant park, which replaces the have a state where i used today. ah, was like so many, all of the menu planning as part of the development sold in hong kong and singapore . when that sold overseas and not necessarily sold for people to live in the folders, invest wouldn't like to sort of romanticize what it was like before. right. but it was an ordinary council, the state of ordinary families. at the time of day, most of them have been off to work and off the school and college and so on. ah,

we're dealing with a very, very particular perry, the leads, feel free to violate basic laws and. and then they're surprised that there is bitterness among their the working classes that have lost an incredible grad, i mean, a lot of ground in our society. so it's a tough moment. and following the money brings up a lot of very substantial reasons as to why people are angry. they don't know exactly. they don't have the knowledge, but they know that something is not right. my own work was concerned about a symmetry of information, the tax exempt window, things that other people don't. and that gives some people the ability to take advantage of others. you can make more money, not by making a better product and lowering cost of production, which is the standard economic analysis. but by fishing for fools

looking for people you can take advantage of or they're not creating or actually just taking well if you're somebody like the head and blackstone dog, big advantages of no regulation of deregulation ah horse he wants to be able to exploit the people who are living in his properties? ah yeah. i bought my flat. i own that. have my mortgage. the problem is the price is around here. in the ground for any any flat

is extortionate. yeah. and they wanted to give us like a little bit of money as they go, but then i'll have to move out of london. so i decided to stay with most of the people that lived in that house block a still not been home 9 months like 9 months later, i am now in a hostile place that they could offer me could be anywhere in the country. and if i don't accept it, i become intentionally homeless anywhere in the country. well, yeah, i mean it could be birmingham, it could be manchester anyway. if you can treat people hasta, a tragedy like that. the way they're treating them now will help if anyone have oh

i like picture myself like i'm 5 foot to, i'm from nowhere place. and i'm trying to make a huge difference globally. i'm trying to change an entire conversation that's embedded in the way people live all around the world. and then i look back at that girl from ottawa sitting in her basement office and it's like, what am i thinking like, my it's ridiculous. am i being ridiculous? me the it is a totally dysfunctional system. in late

97980 s there developed i call it an idea. religion. that market south of all problems will be big letters, will be big. in the name of the should the winnings be redistributed to the losers? so everybody ends up where he started, but it would take fun out of the high priest was built in free but the big experiment was truly underpin o'shea. it took the dictator to really implement these ideas. they thought that if we privatize strict way regulations, lower taxes growth would go up. everybody would get more. some people who get a lot more at the top. but putting aside nv, everybody would had a bigger piece of advice. the ignored

the many instances where the markets do not work well. it was sound friedman gave them economic argument for why they should be concerned about morality. after a 3rd of a century of this experiment, we know that it's wrong that you can make money by destroying. busy the world, and there's something wrong with that. ah ah, if we're going to defend cities as we know them, i can't do it alone. i decided to create

a new movement called the shift so that we can come up with ideas of how to protect our cities. so it's not an n g o movement. it's not a movement of just cities. it's a movement. hopefully, all stakeholders you know, they're getting to be launching the ship here in barcelona, where the financial aid station have taken hold. and where there is a mayor like out of collab, i hired a young woman, julie who had a background in international human rights law. cutting things, things move them up, one 3rd of death worldwide are linked to poverty in and out of what housing the new world wide movement to reclaim and realize the fundamental right to housing and putting people for exports. there if he knows that, you know,

there are philomena speak will at the on the be in the lines if you feel, you know, but i feel gram, this capital is come up with this in bergen, in most a few that but as i got maxine was when acosta is picked will be in the pre med i'm, if you see that like i'm, i've been looking at the blackstone largest private equity from the more power them if they, if you know, how are you? yeah. you know, exactly. you're crying when we have some of these pounds trying to speculate and they want to buy the 1000000000, you buy it for you, but we do it because we have money and it's a lot. maybe you're paying my part. yeah, that's my expensive. i'm interested to know how the investors volter funds, the hedge funds therapy and be, are reacting to what you're doing is when we, when we,

when we had pocket not supported didn't get it when it was some, some groups acting like of into matthew right now. i really don't get to women's health in that moment to where you can talk about your kids and talk about changing the world from one to another. you feel like it was so tiny before we got here. now it was like the mayor of the

so the question is a big question. are you out for it now? okay. ah. 2 ah, the big private equity it has taken me some time to ask the question, where are they getting their money from? ah, the pension funds have a huge amount of money and they need to grow in order to make sure that the people who pay in the pension fund have something to live on their working lives. i mission to so korea was plan well before i had this one piece of information,

but some of the largest pension funds are right here at the national pension service is the 3rd largest pension fund in the world. it was one of the poorest countries. and now the 11 largest economy in the world in 50 years. that's pretty impressive. but of course, to make that happen in a 50 year period required, a kind of brutal is massive development. you have to go, what is your going to pay you to pay? you will one your your role and you're going to room to room to get them on. you could have somebody

who will do mobile devices or we can set up as well. and then the parent will go in here, it has, oh no one seems to know that that's where their pension money is going. no one seems to really care. i did speak with a couple of representatives from the national pension service and they were pretty matter of fact at 1st about what they have, what their job is, and i get it. their job is to grow money for pensioners, and we give our money to asset managers, and they then decide where it gets invested, and so distancing themselves from it. so in other words, it doesn't really matter where the pension money is going. as long as it's

a good return national and city governments in south korea need to make some major shift before they will be in full compliance with their human rights obligations. you know, human rights law is very specific about those types of projects for the vixen under international human rights is considered a growth violation of human rights. people die enforced divisions and people's lives are basically ruined. so it's not to be taken lightly. oh, worry issues, you know, climate change, housing, they are to be bedded into to produce shared frameworks of mention funds. oh pension funds representing people who are

retiring me. you have to ask, how would they feel about this? ah, would they feel comfortable with owning shares and a company that is that immoral? oh, i lived there 38 years. i paid my rent for 30 years and they're supposed to upkeep the building. they're supposed to do stuff, but the management company has it readily admitted, there's been nothing done for 40 years. so whereas all that money i've already spent, and now the new company wants me to give them more money. it's a familiar story. but the same situation, it's the same situation we were dealing with here. so yeah,

to talk to the media. and this is how we the rest, right? correct. or here in the 1st month of the rent strike and we were, we went into a month floor. so it's a bit of a hall, but it's worth all your time and effort. so i threw some research. we've discovered that it's property management company has investment companies that have certain shares. and one of them turns out to be a pension, a government pension fund holder. so imagine you have george here on a pension, and they are taking care of money for pension holders, right? wait till they find out that somebody who's on a pension is being extorted and they're, they're pushing them out. i get back tuesday night, but you know, we're doing the shift meeting and then the mayor are going to be there. and now it's pretty cool. i feel, lee, you know,

things can go far way. overwhelmed? no, i don't know me. i carry very nice me to live with him. i was in. i was the image that feel good. i think it was going to be in the look at the out. i think it we have come together that we see we partners, we look on government vision to build a partnership in the in big question. but if you like

me to you, i don't choice immediately. make me any more 2nd to get to chicago even when to choke real. soon as we get out of town curves pretty high. homely, the don't know what you around this table do. can have a huge influence. it can guide other city to prevent powerful financial actors, and they are powerful from dismantling cities as we know them. we thought a lot about about whether it's right the right time for new york to sign onto this declaration. and we decided it really is. i mean, these are issues we're all grappling with. we do feel like it's a great opportunity to be learning from each other. so we're very excited to be part of this. thank you very much. the.

oh, i don't have any pictures of you know, idea. anyway, we do need to do, we should do another piece. now, jane deadman is back from the guardian. i wonder about taking another kick and pick on financial information. i think would be the one thing the one take away that they should know is that sitting around the world are shipping and publicly doing, tell me i i

use news news. hello there. let's start in australia. we've seen some damaging thunderstorms affect the southeast. you can see that in the satellite image there, and we've seen destructive wind hail and heavy rain affecting parts of queensland, new south wales, and victoria as well as has mania, and it is gonna remain rather unsettled here as we move towards the weekend elsewhere. it's looking out finer and dry up in central and northern areas and that's thanks to fading high pressure which is clinging on it's

a similar story in the west, but we are going to see a change in the weather come friday. it's going to get rather wet, windy therefore perth that rain lasting well into sunday for the south that is looking cooler with some cloud cover. but the unsettled weather continues in the south eastern. we hope across the tasman sea to new zealand. it is looking rather unsettled for the north island. we've got a band of cloud rain sweeping up the south island is looking rather settled and it's going to pull away as we move into friday and look at that fine and dry weather to come with some spells of sunshine. christ church sitting at 15 degrees celsius, where we expected to be se asia, though it is looking very wet for pots of malaysia, indonesia and singapore, with some heavy falls fulfill wessy come friday. the l just the real world reveals dramatic pictures from girls in may. 2021. i've lived

there for a number of years and if there is nowhere safe and god's account don't to his really missile attacks on for time. why we're tired to the families, businesses and media organizations. simply blown up. goes a 60 minute warning. oh no, just the around the me this is al jazeera. ah, hello, i'm north taylor. this is the i was there news. i live on the coming off. today he is president names a little known geologist as the country's 1st female prime minister. how much power will she have us? here is, is

a stain on our conscience. un monetary in chief says people are starving to death vinegar. i, as the government stops vital age, getting into the region.