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tv   [untitled]    October 5, 2021 4:30am-5:00am AST

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same dependence, and the 1st parts of the documentary series out to 0 looks at how the colonial unrest grew. conflict to no julia and full scale warn indo china blood and his french tea colonization on al jazeera blue. hello, i'm emily ang window. how these, the top stories on al jazeera, social media platforms owned by facebook, are starting to get back to normal, having been knocked offline for several hours. millions of people around the world could not access facebook. instagram and the messaging service whatsapp was lind. jordan has this update from washington dc. the i returned to service for customers, really just, it's just random. some people are getting their instagram back. some people are
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getting their what's up back. and i think we have to look back at the chief technology officers of statement on twitter that teams are trying to reconnect network connections. and so there is no rhyme or reason as to whoa when people are going to get their access back to their accounts. but it does appear at least at this point, that as far as facebook is concerned, there's nothing to ferry it's has happened. oh, this comes his facebook face is another crisis, a former employee, his late documents that appear to share the fem prioritizing profit over the safety of its uses. it's also accused of ignoring warnings. instagram was impacting the mental health of teenagers. francis hogan is scheduled to testify in the u. s. senate on tuesday. to avenues now an ethiopia is prime minister abbey homage has been sworn in for a 2nd term. he's described the pole as ethiopia, his 1st attempt to add
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a free and fair vote. but the polls were overshadowed by the conflict into cry when hundreds of thousands of facing at possible feminine. a you, any investigation says all sides in libya's conflict have committed violations that may include wall crimes. it details accounts of murder, torture enslavement and ripe. they be his pain in conflict since the death of it's formulated. mama gadhafi, in 2011 more oil has hit the california coast in what's being described as an environmental catastrophe investigated. looking to whether a ship anchor striking a pipeline could have triggered the lake and estimate 126000 gallons has spilled out. that's about 3000 barrels environmentalist. same many pipelines have been allowed to age into an unsafe state. and star trek star william shatner is boldly going where no other sy fi actor has gone before into space 90 played captain cook in the series. stick around now for witness. i'm emily anglin.
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she by you are see here and i and i play like all come on beam 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 portfolio at 50000 or yes. how do you even find 50000? yeah, the buyer. you need a global financial crisis for that to occur. you're sitting around in 2011. you're
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saying, where is there a large pool of assets that are going to be sold by financial institutions and big discounts to underlying replacement cost. and it was pretty obvious. it was single family homes. i would spend $25000.00 or so fixing them up and then let's rent 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 in enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distress, mortgages and all of that. and i went on to the blackstone website, and i've worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone i know. so basically by a whole neighborhood, gentrify the whole thing. mm double or triple the value of the real estate just because you've jumped too far the neighborhood of course,
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everybody else and makes no mention of people really at least 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 companies like wax own, or any the big financial enterprises were the big winners in the crisis. ah, there with rick winters in the housing market. ah, there was a big winners in the equity markets. it was as if the u. s. government, rather than helping the homeowners who were losing their homes, actually sided with the banks, encouraged foreclosures to clean up the books, gave them money to hedge funds, hen, and private equity firms, who dan bought the, the distressed assets to make money. so it is the way that the 2000
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a crisis has played an important role, increasing wealth inequality, immunization, and other countries that have been inflicted by the crisis. ah, it doesn't totally work as 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 know half the time they're on their blackberries and not paying attention live there. i phones, i suppose now ill, i mean homelessness is a bit different to, you know, we're seeing images of people. and part of the problem then is that when you're describing the stuff is supposed to be shocking. it's all cranes and buildings and glass and stuff. and so you're not moved to the same one. distinguished
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delegates. 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 twice the world's total g. d. p. housing has been financial ised 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 means in terms of human dignity and security as a lived experience, as a human right. thank you. and, and,
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and, and, and, and a little thing for the near buildings, the new estate which is now called elephant paul, which replaces the high guy state where i used to live with so many, all of them. when you flatten this part of the development sold in hong kong and singapore, when that sold overseas, they're not necessarily. so for people to live in the soldiers invest wouldn't like to sort of romanticize what it was like before, right? but it was an ordinary counsel despite all to ordinary families, and it was at this time of day, most of them would be enough to walk and off to school, read to college and so on. ah,
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we're dealing with a very, it's a very particular mary and the elite feel free to violate basic laws. and, ah, and then they're surprised that there is bitterness among their, the working classes that have lost an incredible ground. i mean a lot of ground in our society, so it's a tough moment. and that following the money brings up a lot of very substantive reasons as to why people are so angry. they don't know exactly. they don't have the knowledge, but they know that something is not right. my own work was concern about asymmetries of information. the fact that some people know things that other people don't. and that gives some people the ability to take advantage of others. ah, 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
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looking for people you can take advantage of me, they're not re, well, they're actually just taking wealth. if you're somebody like the head of blackstone, i heard a dog on the big advantages of no regulation of deregulation ah, poor. she wants to be able to exploit the people who are living in his properties. ah, on the left hand corner. yeah. my flight was then like, i say bought my flag. so i own that flag paid my mortgage. the problem is the price is round here. and oh,
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for in our ground for any any flat route here it is extortionate. yeah. and they wanted to give us like a little bit of money. i say of you go. but then i left the move of london. so i decided to, to stay with friends. most of the people that lived in that town block are still not been homes. 9 months or 9 months later, i am now in a hostile it the 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 anywhere. if you can treat people after a tragedy like that, the way they're treating them now will help as anyone have lou
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was picture myself like i'm 5 foot to i'm from this like 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, i'm sitting in her basement office and it's like, what am i thinking like? am i okay, so is this when calculus? am i being ridiculous to a, it is a totally dysfunctional system. so in the late 19
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seventy's 19 eighties, they're developed and i've called an ideology or religion that merge you solve all problems, but still the big winners will be big loose in the name of the common should the winnings be redistributed to the losers to the end if everybody ends up where he started, it would take on the little fun out of the games. a high priest was built friedman . the big experiment was chilly, underpin oshea, it took their dictator to really implement these ideas. they thought that if we privatized to way regulations, lower taxes, growth would go up, everybody would get more. some people get a lot more at the top. but putting aside envy, everybody would get a bigger piece of the pie. ah,
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it ignored the many instances where markets do not work well. it was so milton friedman gave them economic argument for why they should be unconcerned 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 ah if we're going to defend cities as we know them, i can't do it alone. i decided to create
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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 angle movement, it's not a movement of just cities. ah, it's a movement hopefully of all stakeholders. you know that the don't getting to be launching the ship here in barcelona, where the effects of financial i station have taken hold. and where there is a mayor like attica laugh, i hired a young woman, julie, who had a background in international human rights law. these days move them up. one 3rd of dest worldwide are linked to poverty and inadequate housing. get yeah, a world wide movement to reclaim and realize the fundamental right to housing and bring people far thought of exports here. that if he knows that i feel them are helena. if the quality on going to be in the latin,
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if you feel, you know, but i see there was gram, this got the dallas tacoma waitress in december come in most a few that but as i got maxine was when, if you see us, i pushed the speak will are gonna be in the premium with like i'm, i've been looking at them blackstone, the largest private equity firm. they have more power than this. they know, how are you? yeah, you know, exactly. you're crying when we have some of these pounds trying to speculate on the say they want to buy it a building. you buy it for you, but we do it because we have money. and it's a lot of me because i got the expensive. i'm interested to know how the investor is vulture, funds, the hedge funds, air b and b are reacting to what you're doing in bed, where the men are axial. normally, we ludo moments. we had a stable bucket,
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not supported a, some, some groups acting like authentic my peers read now. ah, really kind of if you don't get to women children and some of them, if you are, you can talk about you and talk about changing the world. one press to another with so tiny before we got here. now if i like the mayor.
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so the question is a big question. are you asked for it now? okay. ah. 2 the big private equity it has taken me some time to ask the question, where are they getting their money from? ah, pension funds have a huge amount of money and they need to grow in order to make sure that the people who pay in to the pension fund have something to live on their working life. mm. my mission to south korea was grand. well, before i had this one piece of information, but some of the largest pension funds are right here at the national pension
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service, is the 3rd largest pension fund in the world. it was one of the poorest countries. and now in the 11th 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 ism of massive development. it is kind of a little more difficult on how to go with them. you don't pay you thought you, i always will. you said you will order here is a will close. there is a will on union here, but hold on. do you, do you do packaging on time? oh, for to go. mm hm. good move on there. could you wonder how much of a little you don't lose
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a mobile device or we do reach out to your door under the pedal talk will go in there. i'm repetitive. 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 you know what they had, what their job is and i get it. their job is to grow money for pensioners. we give our money to asset managers, and they then decide or where it gets and best day, and so distancing themselves from it. so in other ways, it doesn't really matter where the pension money is going, as long as it's
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a good return. national and city governments in south korea need to make some major shifts 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, forced eviction under international human rights is considered a growth, violation of human rights. people die enforced evictions. and people's lives are basically ruined. so it's not to be taken lightly. ah, poor issues, you know, climate change housing, they ought to be bedded into the fiduciary frameworks, adventure farms, pension funds are representing people who are going to retire
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in the you have to ask, how would they feel about this? would they feel comfortable with only shares in a company that is that immoral? ah, i've lived there 38 years. i've paid my rent for 38 years and they're supposed to upkeep the building. they're supposed to do stuff, but the management company, as i readily admitted, there's been nothing done for 40 years. so where is all that money i've already spent? and now the new company wants me to give them more money. it's a familiar story with yes, it's the same situation. it's the same situation we were dealing with here. so yeah,
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talk of the media. and this is how we won the run strike record here in the 1st month of the rent strike. and we were, we went in the month floor. so it's been a lot all that it's worth all your time and effort. so through some research, we've discovered that this property management company has investment companies that have certain shares, and one of them turns out to be a 28 government pension fund holder. so imagine you have george here on the pension, and they are taking care of money for pension holders, right? wait till they find out that somebody who's not a pension is being extorted and they're, they're pushing them out. i get back tuesday night with you know, we're doing the shift meeting and then the mayors are going to be there and now it's pretty cool. i feel, i li, you know, things can go sideways. overwhelmed?
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no, i don't know. a very nice to me to a with me look any other corner for this? i would i think it we have come together. we've cds, we've partners. we look at government association to build partnerships in b, b and b, a freshman mission. we have a choice that meet up
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with you, a buff. get with voters who soccer yogi is aliases and we bought them. did elijah, come youse li appleton cursor massage pretty preserved. homely, the if you just don't know just what you around this table do, can have a huge influence. it can guide other cities to prevent powerful financial actors. and they are powerful from dismantling cities as we know them. we thought a lot about about whether us, 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 a learning from each other, so we're very excited to be part of this. thank you very much.
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with any pictures of you? no 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 at the cam on financial ization, i think with the one thing the one take away that they should know is that cities around the world are shipping publicly doing so. and number one ah,
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winners can't filmmaker than facility catches the taliban attention. abound. healed his head forces him to flee with his family, desperately seeking sanctuary. they journey across continents chronicling their multi year saga on their phones. midnight traveller, an odyssey of hope resilience and ultimately one family's love for each other. witness on al jazeera. ah
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hi there. good to see you. thank you for joining in. here's your headlines for the americas. this frontal system scooting across the southeast of brazil. it's now kicked down your temperature in rio de janeiro, but it's short lived. check this out over the next 3 days. you'll pop right back up to 33 degrees, which is all above average for this. have the year seen some pretty intense storms for western areas of brazil through the amazon basin. and oh yeah, the rain is continuing to pile up for the pacific coast of columbia on to the caribbean right now, and we've seen some intense pockets of rain, jamaica, eastern cuba rate, around the bahamas. that scenario we're going to watch closely in the days to come if it does cook up into something tropical flash flood watches in play for the u. s . state of alabama and very likely to be extended into georgia as well as those downpours of rain can be expected, improvement in the conditions for the great lakes. that batch of heavy rain pushes out toward the atlantic that was plaguing at the new england region. could see some temperature records broken in the canadian province serves to sketch one,
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rejoin up to 27 degrees. our next batch of white weather moves into b. c's, south coast plaguing vancouver with a chilly 11 degrees, but temperatures above average. los angeles full on sunshine with a hive $26.00 degrees. see you soon. ah, ah, facebook wheels from a global outage that's hitting millions of uses across it's platforms including instagram and what's that? and that's not the only crisis facing the company. and employee tend. whistleblower is accusing it of prioritizing profit of the safety of its uses. facebook has realized that if they change the algorithm to be safer, people will spend less time on site.

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