the couple walls on a flight last year when it was diverted to bella, rou, son, the 2 were rested in madrid, 17 people are injured, and 2 are missing. after an explosion in an apartment building, it happened on friday in the cellar mancha district of spain's capital authority to say the blossom was likely caused by a gossip. and that's it. from me, you're up to date. god else was in berlin with a rare natural spectacle, improve the world. the return of the spiky yellow with louse will ensure the survival of the entire ecosystem. ah, one of the many success stories from a bastion of biodiversity. saint holy not stores may 20th on d, w ah

ah ah ah, and my job is to go around the world and investigate different housing issues and sort of see how are people ferrying with respect to the right to housing. but maybe

you could tell me a bit about how you came to meeting to have a ran strike for me personally, i know most problem i have a clock roach problem. i've got things that need to be repaired in the building. they withhold services. they run you around in circles, they frustrate you, you get that off. you just want to leave. but we're, we're going to go. but run situation all over toronto's the same way. there is, it is addiction by another name. and have you had any response from that cap yet? i guess it's a rather arrested harassing bark. have a sign on her. she had a side on her balcony about the runs drugs and they threatened to victor. i'm giving you this notice because i want to end your tendency. i want you to move out of your rental unit by such and such date reason. i believe that you or someone living with you has committed an illegal act at 6 a series given ality. yeah, on my record legal action, guns and drugs and oh, my god,

a shame asperger with argon arms category there. yeah. so this was based on the banner. yeah. you know, we're not bad mouth in room or anything just as may 1st rent strike. they own 19 buildings in the area and that's their plan for all the buildings is to give people like us. so the neighborhoods getting gentrified a if you know, familiar with liberty village, it's moving, it's come right up to king endeavor and, and this is, it's only one direction into our neighbor and we're in the way so you have like poor people really struggling now like like never before but then you also have the middle class unable to afford to live in cities and provide the services that are necessary for city. and i want to over

years the word crisis, but it suggests a crisis. so then we start asking, wait a 2nd, who's going to live in cities who are cities for it's not tom rocket science enough. what do we think people need to have a dignified life. and it's clear that decent housing affordable housing is one of those things. and it's supported by international law. kennedy heights family is just hours away from morning whether or not they can stay in their home or be forced out on the streets. problem housing is gobbling up more shrinking paychecks. people and 59 out of 102 countries worldwide would need to see

their yearly income for at least 10 years in order to buy a house in their country. there are 2 histories we might say that intersect today in that space that we call the city and one of them is familiar aisha, which is so what we have for which we have used to term gentrification. when i hear people today saying it's gentrification, one reaction and ironic reaction is if only it's much deeper it's impact, it's much more foundational. a fill in even though so then either way i see of actual i then you the now i don't i mean that worries we're in the

home of an older woman breaker. a is being pressured to abandon her home because it's in the midst of these big new development here. there was a hospital, it's been demolished and it was demolished to make way for condominium luxury condominiums and they don't even own this land. i've heard that there are many units standing vacant already, luxury condos, and last because no one in both parties so can afford to buy and purchase any of these units. so these developments are clearly not for the people about a. so if you did, and i'm busy though for me, so it was you don't know what's going on. give us a call on a saturday. you don't have anybody that only will a seed. well,

not. i mean, i don't have a photo. i can, i don't know, but anyway, thank you very much. yeah. i was very proud to live in notting hill when you go somewhere. i went to live on notting hill because i've heard about the film or whatever. ah, thing i like about this areas is the community, you know, your frames are all phase or colors. this one with even if we don't know each other, we know to her by faith was born just

5 minutes from here. and in the seventy's and eighty's and ninety's, i've seen whole area change of pop stores and people moving into the area because they, they like the 5 to 5 is really cool. the people seen that will the film that come of all of on the well they want to see where the blue doors they want to see this. the bookshop, it became very, very trendy places to live. and then the new school ledger center that's going to attract the wealthy people to come down to the area. and then they stop by and not talk a taste. they'll be to live there. but you know, because this fantastic investment for them better put in the bank to our 1st stop on the highlight tour of london see properties. these 2 properties

are, were, is perhaps $20000000.00 pounds each. i believe mr. chapter paid something in the region of 40 or 50000000 pounds ford. if you could get a whole one of these, it would be 30 or 40000000 pounds and nobody lives here and nothing is happening to this thing. so it's become a dead spot in london. there was, ah, use agents, there were pubs, there were a couple of restaurants. but the community itself has evaporated. so we, we puzzle flight 90 full. if i saw my fly, i could not live in kent and shall say, i'll be forced out the area. and i'll have to ask for the move out of london. ah,

one way of putting it is, this is not at all about housing ah, buildings. they function as, as you want those houses to be empty and unused because you can play with them in these dark empty buildings and they are making money. so when people think, oh, poor investor, something went wrong. hell know, ah, my 1st reaction to learning about this phenomenon of vacant dwellings. i was pretty average. i remain outraged. back

in a human rights framework and through the u. n. system, it's very clear who was accountable states states are responsible, they have international human rights obligations, they sign treaties, and they make commitments to the international community that they will uphold international human rights which include the right adequate housing leo, that's the real block. i personally can call to my door and then i open the front door as as a blanket. oh, black smoke disclosable. very common thinkin. oh is a fire ah top one

with you now is the beginning of the file. we have still, we need for 2 and a half hours. that's the beginning best. ah. when i heard about it, i was in canada and watching it unfold through twitter and then i started getting these details. social housing estate, marginalized community community sat to in a very rich, affluent burrow allegations of poor housing conditions from before the fire.

there were these elements that seem to be a bit of a global phenomenon where you have a kind of vulnerable community. most of the people in the rental working, but they're working poor, literally living side by side with incredibly wealthy people. and i credible amount of wealth. the tension between the 2 and then watching this fire, it was like a physical representation of the displacement of a community. for me, that's the narrative of the world right now. one of the i heard one of the counselors while the counselor said, if you can't live in knowing healed asia neutral beam, louisville o lobo. to say several other. did you get out of room?

so he's not, he would have lived there all day lives. i just didn't want to you like that and this will limit make me sick. you want to why brief is mark don't just disregard them like their rubbish. like they have that file. it has, but it was, i was like, you know, this is the richest town in the bargain. how can i help them? oh, you have the instrumentality. that is the law. exactly. because when i see a sales with power board, can they deploy the law in ways that work for their stuff is happening. you know, new prices

go up in a neighborhood that is fixed. that's when the everybody understands that part and then they should understand that at that point, another actor might come into the picture, a monster that nobody can see that nobody really understands whose language is incomprehensible. who is this monster actually? what is happening here? i don't believe that capitalism itself is hugely problematic. is unbridled capitalism in an area that is a human right. problematic. yes. and i think that's what differentiates housing as a commodity from gold as a commodity. gold is not

a human right. housing is just still hoffman said somebody. huh. wow. use them to you. wow. the previous landlords i think was c a c d. i think they did put information up let, let us know that the bill due to conflicts is going to be sold. but this is before phil phil off, if who came it? do you know? who is fairfield? i don't know who they are from. what i'm told. bill bill is a subsidiary of um. is it blackstone? right. private equity firm? yes, exactly. they want to raise each each carmine the rent up to like $900.00 each. that is by $900.00 by margin. and are you going to be able to pay that? i don't know. i mean, i can definitely say next sheet is,

is nowhere. and we have one to go. i don't have a clue. i don't know. right. and do you mind me asking, are you employed to say yeah. and so what percentage of your income would this be 2590 percent? my my the asi glory. yes. 9090 percent. do you consider that affordable for you? let me i think human rights law hasn't caught up and it worries me that i haven't quite yet found the language. how do we describe it in a way that will make sense? resonate and really get at that issue. i'm still looking. i'm looking for that. i feel a little bit desperate about that. so maybe i need to keep talking to the people in the financial field.

the 1st titled, sy not i notice when i came here was lisa or a label admitted the opening hours. they show with our tenants that they are willing to, to me from an early for 3 hours or week on, on tuesday for the deacon. he again, is the swedish arm of the black them company, so many fine thought they actually don't bother much here. but this is the typical example of the typo the faith they are interested in. yes. so every time an apartment is vacant, they thought they renovation, whereby they can increase the rents. wheeler of flea, 50 percent, but these are increased. rents have no connection at all to the actual costs. why this is very, very profitable for them. ah,

chinese sherri dish. through the back we only banks. that's why you know it's sell something. we pay money for finance is totally different. i always say find ourselves something it does not and that means that finance is basically an extract finance. it's like mining once it has extracted what it needs, it doesn't care what happens with the rest. ah, who the value of all real estate,

that functions as an asset is $217.00 trillion dollars. that's more than global g, d. p. of all the countries in the world of all the economies in the world. ah, they're highly kennel flashed extractions because they come in the shape of extraordinarily complex instruments that nobody who's not in that business can understand it. so complex that we delegate to the experts who are the experts? is the financial sector itself, a companies like wax own or a 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 the money to hedge funds, 'em, and private equity firms who dan 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 in united states and, and other countries that have been afflicted by the crisis. 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'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 ill, i mean homelessness is a bit different to, you know, we're seeing images of people. and part of the problem 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 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 we're looking for the new buildings, the newest state, 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's owned overseas and not necessarily so for people to live in this old

was 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 close at this time of day, most of them being off to walk and off to school, read to college and so on. we're dealing with a very it's a very particular or in 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 concerned 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. and you can make more money, not by making a better product and 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 creating wealth, or actually just taking wealth. if you're somebody like they had a blackstone, i've heard of talked about the big advantages of no regulation of deregulation. poor. she wants to be able to exploit the people who are living in his properties.

arrived at the moment when there's a gaping home our system muster far. major international systems are that don't take the individual so seriously. left hand corner. yeah. my flag was then like i say bought my flag. so i own that flat on my mortgage. the problem is the price is round here in o 4 in a ground floor. any, any flat round here is extortionate. yeah. 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 lived in that town block are

still not been homes. 9 months like 9 months later. i'm 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. while health does anyone have lou 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 sitting in her basement office and it's like what am i thinking? i am i okay, so is this ridiculous? am i being ridiculous with opening up imagine that you have it in gentlemen your knee deep a little but he should a lot. okay. you know what is empty,

but he should have thought she would even get on to. what did he go put out at least for them to then get them? did they kind of see like we tend to be like 25 just the she got it up as well. so should i list it, but i think scott, company, the corporate, so consult the legality. guy calls it. but as a girl, i'll just put on there. if be cornel 10 delicacy, businesses when the cache lady mindy, unless she dies, they say duvall equipment processed. they said lewis, when he sold the spot, he compounded wait, benny, fatty, and that is all d, e, w, o you these data jeremiah, quasi siena, chic littleton, will sick to was out of the in thread these, all these products they still known didn't find a new last, a comparative the bad me keep poor you vin, but if this, this, so

a look to that. but it's got a gap which that crystal mckinney's more no poyser. the cat was admin community glutted. jim is a met that and i faced calking battle mostly medical. the actual michigan was unequal, monet, michelle keianna, a life born d. when a bad deal or love wasn't funny, thought the little copy thought it, but at least this about defend the static when he got then the from the fatty funky fat than others. the man she missed general when you saw the local c. miss kim, when he told me that he was yona, then mostly savalst, which is on because of the mental maintenance in the mental to dismal a baby legacy. so good mccarthy squad that he got after moving

politi in no point to lean thought chatting that luigi leopard michaels like him, a fat to get on the group be going on because he didn't said him any gayago's on facebook. netflix to deep it. she had added to spots, she blew it by god, him it with us. mohammed was cbs t, you know, blazing will be done when love would authority on ace baggage to some of his chin till it would have seen that moon gimme, let bad. yeah. bag in she quick, what that chain to beat us? we ability toys. hello, miss washington and boy dental casa, authentic. will this or should i saw know the bugger, or a gas? i'll pupils facebook there in the school and let it be so i mean okay, no,

not going on with it's funny that i mean, yeah. lacrosse to mentioned and it's about a, it is a totally dysfunctional system. in the late 19 seventy's and $980.00 square developed, but i would call it an ideal which your relation that marjorie solve all the problems. still the big winners still be big loose in the name of the gal who should the winnings be redistributed to the losers to the end if everybody ends up where you start, it would take a high priest was built friedman. the big experiment was actually underpin oshea. they 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 who get a lot more at the top. but putting aside envy, everybody would get a bigger piece of a pie. it ignored the many instances where markets do not work well. it was so bitter freeman re read them economic argument for why they should be unconcerned about morality. well, 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 and when i think, how will finance come down? it's bringing itself down. it has, you know, extracted so much value that it stock now, and it's beginning to go on the other side of the curve. it is beginning to decline . you know, the amount of value, the capacity to invent more assets. we see sort of a stars. he said bit so it will bring itself down, it will come, it will come back, potentially roaring. that right now, it's a bit of stock. 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 angle movement. it's not a movement of just cities. 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 aid station have taken hold. and where there is a mayor like out of collateral. like i'm, i've been looking at the blackstone, the largest private equity firm. they have more power than the state, you know. so how are you? yeah, you know, exactly. you're crying when we have some of these edge pounds trying to speculate on this a they want to buy it. i believe we buy it for you, but we do it because we have money. i missed a lot of me because i your friend my part. yeah. that, that could be expensive. i'm interested to know how the investors are vulture

funds, the hedge funds, air b and b are reacting to what you're doing in the m. b is when the men or next, you know, we'll, we, ludo, mom was our reaction and we had a cbl. forget not so brought up and lay there like it is the them get one out of it will have some some groups acting like authentic my peers read. now. 2 ah, 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 lives. i mission to so korea was planned 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 ism of nasty development. you just wonder how to go with a lot of people don't know how to go when you feel you know to you to pay you thought you don't pay a deal you will you take will do is look,

will close it is i is hope will one you'll yogato and do you, do you do packaging full time? oh, oh, you go. good love on there. could you pretty much over, but oh, you're going to lose, you know what i have about 14, which i got from you all as well. under the parent hug, i will go in there. i'm a parent has oh, national and city governments in south korea. i need to make some major ships 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. loo, worry issues, you know, climate change, housing, they ought to be betted into the fiduciary frameworks of friendship funds. pension funds are representing people who are going to retire and you have to ask, how would they feel about this?

would they feel comfortable with owning shares and a company that is that immoral? i made a very nice to meet with me in the corner for this i would, i think it we have come together. we've cds, we've partners with local government association to build apartment in. been in the, at the and being a freshman mission. we have

a widow, you will chose me a 2nd to load this. we're going to, i showed up, you get with what a show choker with appleton curves. massage. pretty g 3. so hopefully the, if you don't know, do you have 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 it's right the right time for new york to sign onto the stick. 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. 31

. i don't have any pictures of you. no idea. anyway, we do need to do, we should do another piece. now, james deadman is back from the guardian. i wonder about taking another kick at the camps on financial aid station. i think with the one thing the one take away that they ship now is that cities around the world are shifting publicly, doing so, and bubble with ah,

in with ego africa, here's something you don't see in the synagogue every day. course powered garbage collection. this can be the project is leading residents to separate their garbage and it's been very successful. a win win situation for resident and in the environment,

africa 30 minutes on the w. o. making the stand behind them dw news africa the show that was the issues in the continent. life is slowly getting back to normally on the street to give you in the report on the inside our correspond that was on the ground reporting from across the continent. and all the trend stuff, the mazda u. t. w is africa every friday on d w. ah

ah, ah ah, this is dw news live from berlin, a new attempt to evacuate civilians from the as of stall steel plants. in mario poll, at least one bus load of people has been taken away from the besieged factory and taken to territory under the control of the russian military. on the show, after a barrage of criticism for not sending heavy weapons to ukraine, germany announces it will supply 7 advanced. how would serve artillery system

with.