and you all up to date up next, a documentary push for your basic rights to the house and we'll have more headlines for you at a top or you can also get your news. 247 at our website, dw dot com and on twitter at feed up you can use, feel free to follow me on twitter at eddie micah, i made michael junior for me and the entire team. it's why for now, but as one use of the top of the out with started out with the spooky intention and transformed it into an orgy of hate and violence. the history of the ku klux klan, the oldest terrorist organization in the united states found it over 150 years ago . it's repeatedly died out, but always been resurrected. the ku klux klan starts may 11th on

d. w. ah ah ah ah. and my job is to go around the world and investigate different housing issues and to the 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 around strike with 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 can go to that brand situation all over toronto's the same way there is that is addiction by another name. yeah. and have you had any response from that cap yet? i guess it's a ras. ratish. harassing bar had a sign on her. she had a sign on her balcony about the red stripe and they threatened her 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. and 6, a series. griffin, ality. yeah, on my group for legal action, guns and drugs and oh my god,

a shame africa with arden arms category there. yeah. so this was based on the banner. yeah. you know, we're not back, mousing them or anything just as may 1st rent strike. yeah. they own 19 buildings in the area and that's their plan for all the buildings is to get people like us. so the neighborhoods getting gentrified, if you know familiar with liberty village, it's moving. it's come right up to king and duffer 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 you 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. i don't 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 an hours away from learning 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 to day 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 the 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 much more foundational. a castillo even though so then neither more pizza. i see of apple i then you now don't worry. we're in the home of an older woman breaker or

is being pressured to abandon her home. because 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 condominiums, 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 invoke body so can afford to buy and purchase any of these units. so these, the developments are clearly not for the people about i use them . i did it in the, i'm busy though, but 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 the amendment seed?

well, i thought i would have thought a $199.00. 1 can. i don't know. i don't know, but it thank you very much. yeah. it goes, oh, sorry, proud to maybe not. you know, when you go somewhere i want to live on notting hill. i've heard about the feel more, whatever. ah, a lot about this areas is the community. you know, your frames are all phase or colors. is one with even if you don't know each of our we know to the by face was born just 5 minutes from

here in the seventy's and eighty's and ninety's. i've seen whole area change of pop stars and people moving into the area because a light of the 5 to 5 is really cool. the people seen the will will film that come of all of on the well they want to see where the blue doors it want to see this the, the bookshop, it became very, very trendy places to live. and then the new school at their leisure center. that's going to attract the wealthy people to come down to the area. and then they stop by and talk a taste study to live there. but you know, because they saw fantastic investment for them. better put in the back to our 1st stop on the highlight tour of london to talk chrissy properties. these 2

properties are, were, is perhaps $20000000.00 pounds each. i believe mr. chapter 8. coming 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 news agents, there were pubs, there were a couple of restaurants, but the community itself has evaporated to leave the press offline 94. if i so my thought i could not live in kids in sales say, i'll be forced out the area. and i'll have to ask for the move out london. ah,

one way of putting it is, this is not at all about housing. ah, had 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, i, rich, i remain outraged. back in

the human rights framework and through the u. n. system, it's very clear who was accountable states state 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 blow. you know? i personally thank hall to my tool and then i open the front door as as a blanket oh, black smoke disclosable, very common thinkin. oh, as a fire. ah one

with you now is the beginning of the file we have. do we need to know our 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 he'll dasia newton beam, northville o lobo. to say several other did you get out of room?

so he's not, he would have lived there all day lived. i just mean like she like that me and this will limit make me sick. you're going to why briefed is my don't just disregard. i'm not there. rubbish. like they've that file. they just put them as long as 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? mm. mm

prices go up in the neighborhood that is fixed. that's when the everybody understands at part. and then they should understand that at that point, another actor might come into the picture, a monster that nobody could 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 part with. wow, you're 17. wow. the previous landlords i think we'll see. you see the i think they do put inflammation of little let us know that the bill due to conflicts is going to be sold. but this is before feel fit off. if it came it you know who is fairfield? i don't know who they are from what i'm told to pay a bill is a subsidiary of um, is it blackstone? right. private equity firm? yes, exactly. they want to raise each. each carmine rent up to like $900.00 each day, divide $900.00 by mileage a dollar. and are you going to be able to pay that? i don't know. i mean, i can definitely say next year it is,

is the way it we have one ago. i don't have a clue. i don't know. right. and are you mind me asking, are you employed just like 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 type of sign out 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 de connie again, is the swedish arm over the blackstone company film, and it's fine thought they actually don't bother much here. but this is the typical example of the type, all the states they are interested in. yes. so every time an apartment is vacant, they start at least renovation, whereby they can increase the rents. wheeler of flee 50 percent, but these are increased. rents have no connection at all to the actual costs. why this is very, very profitable for them. no

chinese, very 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 finance. so something it does not and that means that finance is basically an extractive sect finance. it's like mining once it has extracted what it needs, it doesn't care what happens with the rest. ah, why? 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 cannon slashed extractions because they come in the shape of extraordinarily complex instruments that nobody who's not in the business can understand it. so complex that we delegate to the experts who are the experts? is the financial sector itself. a company like wax own or a the big financial enterprises were the big winners in the crisis. ah, there with rick winners 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 in 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, immunization, 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 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 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 a $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 what we're looking for the near buildings, the new estate which is now called elephant park, which replaces the hager state where i used to live with like so many, all of them plenty of flatten is part of the development sold and hong kong and singapore, when the sound of the season, not necessarily so for people to live in the soldiers investments. wouldn't like to

sort of romanticize what it was like the full right. but it was an ordinary council despite ordinary families. and it was supposed at this time of day, most of them being off to work and off to school, read to college and so on. we're dealing with a very, it's a very particular period, 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 gra, 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 substantial 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. you can make more money, not by making a better product, lowering cost to production, which is a 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, you know, i've heard of talked about the big advantages of no regulation of deregulation. course you wants to be able to exploit the people who are living in his properties . arrived at the moment when is it keeping home

our system mr. far me chair international systems are don't take the individual so seriously. left hand corner, yet one flak was then like i say bought my flat so i own that flat unpaid, my mortgage. the problem is the price is round here and out for a 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

a still not been homes 9 months later, 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 auster, a tragedy like that. the way they're treating them now will help as anyone have ah was picture myself like i'm 5 foot to i'm from dislike 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? am i okay, so is this ridiculous? am i being ridiculous with with the that'll wind up imagine that you have it and gentlemen unit b, a little pressure the like okay, you know open is empty place you'd have thought she would even get

a hold of the vehicle, but adding these for them to the independent cancer much, we tend to like 25 to see she got it up as well. so should i list it, but i just got company the corporate so consult the legality. guy calls it. but it's a girl. what is that? i'm thing if be quality, then delicacy versus quinn, legacy. lady mindy, allah. so she, they say that they say to fail equipment processed. they said it was when he sold the sport compounded. equip. benny hadn't thought he's on the e thought. yeah. when his dad of jeremiah cassini chic littleton will 6 to one side of the in thread be sold these broadkey, the lay still known, didn't fight, and new law still get competed. they bear me, keep boy vin, that if this this so

a look to that. but it'll be going to get pushed that crystal mckinney's more. no way, sir, but that was i'm in community collected . jim is a man that i faced cadillac in battle. most of the medical domestic michigan was on medical monet, michelle keianna, elijah, good day. oh, when about do or love wasn't that he thought the note can be done. it, but at least this about you found the static when he got in the, from the fatty monkey fat than others. i mean, she missed gentle when you saw the local. see miss kim. connie sold you to leave us yona. then mostly savalst wishes only was that he meant them. even turns in. you had them all to leesville. a baby legacy sugar mccarthy. squadron. he got after losing quality in no point to leave the chat in there.

luigi lap pretty much like him, a fat to get on the group be going on because he that said emily garcia was on facebook. net still the it she had added to spots suitable by got him in with us. michael maple c b t y single movie that love what i thought on ace baggy says to some of his chin. it would have seen that movie. give me that bad. yeah. ah, if she quick what that check to be. thus, we have be off in the doors are gonna miss one of them. environmental casa, authentic missile ship. i saw no. the bug or a gas. i'll pupils cbs. there's both in the school medic too. so i mean okay, and on that me and i'll go with it's funny that i mean yeah,

lacrosse too much into that and put them on the front amount of out ah, with it is a totally dysfunctional system. in the late 19 seventy's and 19 eighties. they're developed, but i've caught an ideology relation that merge you solve all problems will be big winners will be big loose in the name of a should the winning 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 chilly under, you know,

shake. 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, somebody will get a lot more at the top. but putting aside envy, everybody would get a bigger piece of the pie. it ignored the many instances where markets do not work well. it was so bitter freeman 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 it 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 engine movement. it's not a movement of just cities. it's a movement. hopefully, all stakeholders you know, although i don't getting to be launching the shift here in barcelona, where the effect from financial aid station have taken hold. and where there is a mayor like out of collateral. like i'm, i've been looking at blackstone, the largest private equity firm. they have more power than miss day. did you know, how are you? yeah, you know, exactly. you're crying when we have some of these arms trying to speak you later in the say they want to buy it a building. you buy it for you, but we do it because we have money. i miss a lot of me because your friend my part. yeah. that that can be expensive. i'm interested to know how the investors are balter funds. the

hedge funds, air b and b are reacting to what you're doing in the m. b is when we met lexia on wheel . when we ludo moments, we had a cbl book. it not supported is the them get one out of that will that there's some, some groups acting like off into my peers right now. 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 into the pension fund have something to live on that they're working on. i mission to. so 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 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 math development is 100 to come with a lot of people don't know how to go when you get on to you till you talk. you compare and you will, you take will do is look,

will close it is i will on union at yahoo but hold on. do you do you do packaging full time? oh for if you go, good love on, on your credit. when you come out of a little you don't lose nobody here unfortunately reached out to me. all right, well then they got the pedo talk will go in that i'm a pill. it has all 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. 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, hulu worry, issue general climate change, housing, they ought to be bedded into the fiduciary frameworks and o grandkid farms. 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 to build a partnership with

a question about it. i suppose funds are coming up. i'm sure everybody knows who you will chose it. me a 2nd to load this, we're going to show you a pop. get with us. but a show choker, you'll get those who is in with com. josh, i'm booked on curves for me 1st please. so hopefully 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 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 got men is back from the guardian. i wonder about taking another kick, hands on financial information. i think with the one thing the one take away that they should know is that cities around the world are shifting and publicly doing cells and public ah,

in with what's making the headlights and what's behind d. w. news africa. the show, the faculty issues shaping the continent. life is slowly getting back to normal. you well, the seats to give you in the us reports on the inside of our cars, funds. it was on the ground reposing from across the continent and all the trend stuff. the mazda you in 30 minutes on

d. w. oh, sheesh. i'm just kinda, i think that's hard and in the end is a meet you. i'm not a lot of to you anymore. we will send you back. are you familiar with this? with the smudges were lions the what's your story. ready he wasn't on women, especially and victims of financing. i love to take part and send us your story. we are trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen in phil migrants,

your platform for reliable information. mm. ah ah, it says dw news life on berlin. the long wait on ukraine's front line as rush as steps up assaults on south and east in ukraine, dw visits ukrainian forces, a stephen of enemy troops, also in the program. a historic election victory in northern ireland. the nationalist of shin fein party is vowing to re unite ireland, but many are worried about it's pos, links to terrorism.