detailed coverage because the was largest producer of low to speed, but children being used to beat the rising demand from around the world. the island has increased in land mass it does it. rivera with this corruption is pulling the island of la palmer out of the ocean. lou robinson and doha, the top stories on al jazeera, ty, ones defense minister, says beijing will be capable of a full scale invasion by 2025. since friday, a record number of chinese military aircraft are flown inside an air defense buffer zone close to taiwan. while remaining within international aerospace beijing seize the island as part of its territory, robert bryan has more from hong kong. the defense minister went on to say that the

fact the relations now the tensions with china are all the worse they have been. he says, for a 40 years, i think taiwan has been genuinely rattled by the scale of this incursion. china, as we know for many months now, has been ascending air craft towards the island into the air defense identification zone. that's the air space running up to the island of taiwan. but it is the scale, the number of aircraft in the last 4 days that says why read taiwan. facebook boss, mark zuckerberg is pushing back after a whistle. blowers critical testimony to u. s. congress. in a blog post who said his company's research had been taken out of context, but former product manager, francis hogan toward law makers at capitol hill. a social media giant is an urgent threat to its users and should be regulated. ah, the total of more than $700000.00 people have died in the united states from covered 19, the washington national cathedral has told its bel $700.00 times to mark the

fatalities. the number of deaths this year has already surpassed those recorded in 2020. the u. s. coast guard says it was almost 12 hours before the damaged pipeline was investigated. after oil seeped into waters of southern california, the coast guard says it doesn't have enough evidence of the problem and the darkness and a lack of technology didn't help, is trying to find out of the damage was caused by a ship's anchor. more than 570000 liters of oil has leaked into the ocean and it's now washing up on beaches. the nobel prize in physics has been awarded to 3 scientists for discoveries in climate and complex physical systems. nobel committee says it's you, cora manor bead, klaus housman and georgia policy revealed ground breaking contributions to our understanding of complex physical systems that includes making it easier to find patterns, and that helps to predict extreme weather. those are the headlines these continuous here on al jazeera,

after witness goodbye. you should by you. i'll see here an i play like all come on bean 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, i said 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 that 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

saying, where is there a large pool of assets that are going to be sold by financial institutions at big discounts to underlying replacement costs. and it was pretty obvious. it was single family homes would spend $25000.00 or so fixing them up. and then let's random 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. i, 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 up the whole neighborhood, gentrify the whole thing, and double or triple the value of the real estate,

just because you've jumped by the neighborhood of course, everybody else. mm hm. 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 a companies like wax only for any the big financial enterprises were the big winners in the crisis. there with rick winners in the housing market. ah, there wasn't 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 the money to hedge funds and, and private equity firms who then bought the, the distressed assets to make money. so it is the way that the 2000

a crisis has played an important role, increasing wealth inequality in united states and, 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 for just like that. like, i can't 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, you know, 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 of glass and stuff. and so you're not moved to the same. one. distinguished

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,

and, and, and a little thing for the near buildings, the new estate which now called elephant paul, which replaces the high guy state where i used to live with like so many, all of them when you flatten as part of the development sold in hong kong and singapore, when that sold overseas, they're not necessarily so for people to live in this old as invest wouldn't like to sort of romanticize what it was like the full gray, but it was an ordinary council. the state of ordinary families in 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,

we're dealing with a very, it's a very particular perry, the least 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 on lowering cost to production, which is the standard economic analysis. but by fishing for fools

looking for people you can take advantage of or not create a wealth, or actually just taking wealth. if you're somebody like the head of blackstone, i've heard of dog on the big advantages of no regulation of deregulation course, he wants to be able to exploit the people who are living in his properties. ah will left hand corner yet one flak was then i say bought my flag. so i own that flat unpaid my mall gates. the problem is the price is round here in

a foot in a ground floor. any, any flat round here is ex dosma. yes. and they wanted to give us like a little bit of money. i say of you go, but then i'll have to move out of london. so i decided to, to stay with friends. most of the people that live in that town block are still not been homes. 9 months later, 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. well, how does anyone have lou?

i always 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? i am i, i guess it is, this will kill us. am i being ridiculous? mm. mm hm. with it is a totally dysfunctional system. so in the late 19

seventy's 19 eighties, there developed a, i've called an ideology or religion that margie solve all problems with still the big winners to still be big listed in the name of the colony. should the winnings be redistributed to the losers to the end? if everybody ends up where he started? it would take on law fun. out of 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, and a bigger piece, a ignored the many

instances where markets do not work well. it was so murdered freeman gave them economic argument for why they should be unconcerned about morality. for after a 3rd of a century of this experiment, we know that it's wrong that you can make money by destroying the world. and there's something wrong with that. ah, if we're going to defend the 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 angel movement. it's not a movement of just cities. ah, it's a movement. hopefully, a all stakeholders you know, that i 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, god, a, move them up. one 3rd of dest worldwide are linked to poverty and inadequate housing. 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 if you know them or felina, if i speak with you on gonna be be in the lines. if you feel, you know,

been i see and there was grand this got the dallas get come up with this and this in back. i'm in most i feel that, but as i got maxine was when, if you see us, i pushed the other speak will at columbia the premium with like i'm, i've been looking at them blackstone, the largest private equity firm. they have more power than the state if you know, how are you? yeah, you know exactly. you're crying when we have some of these edge pounds trying to speculate in the say they want to buy a building bite for it, but we do it because we have money and it's a 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 b is where they may not ex, you normally. we ludo, mom was we had

a civil forget not support appellate a, some, some groups acting like authentic my peers read now. ah, really kind of more you don't get a few women children and to have that moment to where you can talk about your kids and talk about painting the world. i am like so tiny before we got here. and now if i like the mayor.

so the question is a big question, are you out for it? no, i'm 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 into the pension fund has something to live on their working lives. mm. 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

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 is them master development and a half ago, what did people don't know? how to go on to you to pay you thought you, i always will. you said you will do is a will close. it is i will on you. we'll let you know what hold on. do you do you do packaging on time? oh oh, you go. good. love on your could you when you come out of a blue oh, you don't lose mobile device or to read it, which is not

a lot to deal with. all the little to pay to talk will go in 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 that i get it. their job is to grow money for pensioners. we give our money to asset managers and they then decide sort of where it gets her best day ended, 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 forced. the vixen 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 of ranch farms.

pension funds are representing people who are going to retire 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 is a familiar story with yeah. is this the same situation? is the same situation we were dealing with here. so yeah,

talk of the media. and this is how we the wrench, right? correct burg here in the 1st month of the rent strike and we were, we went in a month floor, so it's a bit of a hall that it's worth all your time and effort. so i'm sure 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, the lane 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?

no, i don't feel a very nice me 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 associations to build a partnership with a freshman ish. we have a choice of music. ms. neal was

good to know that he's going to lie. so ga. gov, you, bob, get windsor bullish oh choker yogi sailors who's in? we bought them from dr. young comes out. appleton curves for massage. pretty true. so homely, the, if you don't know 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. them

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, hands 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 and publicly doing so. and number one ah,

when ask an filmmaker hassan facility catches the taliban attention. abound he, on 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 families love for each other. witness on al jazeera, examining the headlines. we can have a political defenses. political difference should not be the reason for kill other human investigative journalism. it's a secret location. we've gained access to a training camp run by aetna, surgeon forces from different corners. i never see, no american dream in america. you just feel like you're caged animal things on for no charge for them to go for programs that open your eyes to an alternative view of

a well to day. on al jazeera cycling. shaheen did his work, as you know, through a man, it's still there as a little band of thunderstorms in the coast of yemen, and may be still effecting areas of vermont as well. otherwise it's fairly dry picture. there's a possibility of a development in the radian sea that might turn into a tropical depression. it's shout coming off the coast of any bits further south and go to route. and if it does develop into something, you know, more likely come towards the customer further serve. so it's dry for cbo future that includes all of pakistan as well. in fact, most of the middle east and iran is dry the moment, but there's clearly some hint of the forthcoming change of season with snow falling in afghanistan. sto, falling in the caucasus as well. caught a strong wind across the caspian sea, bringing shouts into northern iran. same wind direction across the black. see so clearly when the time the bathrooms and

a few showers in the north of turkey becomes slightly better during thursday, the snow start falling, but the shower is still there in the north. iraq, as by john. jumpy a long way south with the seasonal rains coming slowly says that you still see the edge the monsoon winds, catching, for example, kenya was not bringing very much rain with it. otherwise, in southern africa attempts on his heart, they were still hot, both wrong. dolah east was ah, after decades of conflict between successive colombian, government and the fox marxist gorillas and historic peace, the court in 2016 so fight has laid down their arm. 5 years on a mit rising defense and the brutal police repression a violent has rocked the nation. people in power if the agreement is failing and what's next, the country columbia,

in killing the piece on al jazeera. we understand the differences and similarities of culture across the world. so no matter why you call hand out, you sarah, will bring you the news and current affairs that mattie al jazeera ah, taiwan says it's facing the worst tensions with beijing in decades after china flu, nearly a 150 fighter jets over to the front side ah, 11 o'clock, this is out there. a lie from de also coming up. facebook accused of putting prophets before people, whistle blur, just us politicians to tackle the crisis. ah,

remembering lives last 2021 is now the deadliest.