the people's assembly and he told me what it was all about. this is because we feel that the government's policies the driving people into poverty. meaning thousands and thousands of people that she million and they're relying on food banks on a regular basis the rollout of things that universal credit has already been widely criticized by by campaign is politicians in areas that it's been they've seen a thirty percent increase already in food bank usage which just about hit the winter looks like food bank used to going to be a lot higher and we think in one of the richest countries in the planet it's a disgrace that people are having to be forced to use the food to have to use food banks to feed their families that this protest is being organized on the day before the budget is to highlight several things first of all as mentioned the danger of universal credit which is this is a system that aims to roll the benefits into one it means to make the system simpler but the reality of it is that there's often

a six week delay for families can claim any money and that's why they need to bridge that gap by using food banks thirty percent increase in the use of food banks this winter is the figure that comes from the trussell trust to hold this food will be delivered once this demonstration it's finished this is calling for the tories to use the budget to scrap universal credit either that the people's assembly is saying or get out. of the forget checks i phone social media on facebook twitter and sean thomas will be here at the top of the hour with more of the latest stories so don't go away. the political crisis inflicted upon lebanon by saudi arabia appears to receive it least for now is this a sign of things to come as a saudi royal family changes so to saudi arabia and the region is it time to buckle

up for a stream. welcome to the kaiser report i'm max coming to you from pensacola florida where we're going to hear some blues later on this evening and mix and kind of get involved in some of the interesting things happening here in pensacola a lot of guys with dark glasses of baseball hats seems almost like a cia contractor or something so i think you'll find it's and i say down here if anything it's interesting because we're in the seville quarter of pensacola it's like a hundred and suddenly as soon as we start recording everybody starts working behind us so you'll hear some noise around us but like hopefully we'll have some b. roll to show you the ceiling the walls how amazing the structure is we have these

giant heads on the wall and that's relevant to this first headline here construction. how solid this foundation is how slow verse it is tell us everything a fifty eight story skyscraper in san francisco is tilting and sinking and residents say their multi-million dollar condos are nearly worthless millennium tower is a luxury residential high rise that has sunk seventeen inches and tilted fourteen inches since it was completed in two thousand and eight though in a spectrum by the city showed it safe to occupy the situation and sparked an exodus from the building residents say they are selling multimillion dollar condos at a loss with the value of their homes tumbling by three hundred twenty thousand dollars on average is the city's fourth highest skyscraper as one of these luxury

condos that has gone up in san francisco i believe we've talked about this with what will for a few like two three years ago. at that time was only four inches it's fourteen inches and they say it's a rose the looming tower of geeks. doing tower of nerds over there in san francisco i will these a curious over there with those photos and what their relationship shots of them pushed keeping the tower up and now got a lot of people doing those photos it's a money maker though luke make money on the leaning tower of geeks in san francisco i've heard it so well let's go over some of the points the business insider points out here it was completed in two thousand and eight and the first five weeks of sales millennium tower sold one hundred million dollars worth of condos the san francisco chronicle reported the units range in price from one point six million to ten million dollars and the developer is the millennium tower millennium partings argue that construction nearby is to blame for any sinking or tilting a city transportation hub the transit bay transit center broke ground next door and

twenty ten they call it a process of de watering so when they were building this transportation hub next door what they had to do is they had to drain all the water out of a. ground in order to make sure that the ground under transportation hub was stable and subsidence as they call it in the retail trade in san francisco is nine eleven this is a good apocalypse there are five million dollars condos are tilting and falling into the bay area oh my gosh well the important thing is actually san francisco sits on the san andreas fault which is known to have massive earthquakes and the fact that the next door neighbor the neighboring building had to water suggest that this is ground prone to the liquefaction so this is really important that when earthquakes happen and really bad things buildings fall down as partly because the

ground beneath them becomes like liquid so any building it doesn't matter how. haven't become five hundred as one of these mega structures now now we've already covered that not going back to the democratic party because right now they're still seeking some sort of advantage for eighteen might not be what it seems a democratic advantage in preference for the twenty eighteen midterm elections fades to insignificance among the most likely voters and the latest a.b.c. news washington post poll signs of the democrats' enduring challenges in turning out their voters and off your contests so in a hypothetical national ballot max democratic congressional candidates hold a real bust eleven point lead over their g.o.p. counterparts but it's a dead heat if you look at just those who are likely to vote it's a dead heat between the democrats and the republicans and all the craziness of the trump administration or learn is on the way up so he got rid of

a lot of the garbage that he had to get done in year one and now he's going to roll out some showcase programs of course the market keeps going higher and hillary clinton fans of democrats they have a problem of putting all their efforts into chasing the fake russia gate hoax and they're not therefore they don't have the resources to go field new candidates that might have a chance of twenty team so if they were to drop the russia gate hoax and focus on just finding candidates to run in twenty eighteen they might have a chance but at this rate they don't have a chance which means that they probably won't have a chance of twenty twenty other well you know i don't mean to belabor this analogy but the fact is that these buildings that are not put into the better rock on a land prone to seismic shift you know this is the voter will change their mind if you don't provide them with some sort of economic policies or financial policies or anything that they want to hear about the shift if you don't have some sort of

bedrock policy and right now. now i think when we look at the democrats they're not they're just a little bit nicer on the progressive a social sort of level but their policies their economic policies are just as brutal as what the mainstream republicans are came along obviously and we've already covered this a thousand times and he offered basically bernie sanders economic platform he went out to the rust belt and he said i'm going to get rid of. tip and all these trade deals that are making you lose everything and they went with that so they but they built everything on hillary clinton who was like one of these sinking candidates tilting and built not on red bedrock but she was subject to liquefaction and falling over and tumbling in the actual vote like we just drove all the way through the state of georgia and we saw. and everybody in that area the cracker barrel you

know they were talking. you know they're still sol the vine trump no reason not to be is talking jobs jobs are out of market so there's no reason for them not to be. so they're going for eighteen and twenty again like going back to article here is about the democrats the fact that they don't have a platform all they have is a trump. tweets two months trump is. the head of i have a platform is called the gallows you know and once they put the noose around these folks like clinton hillary and the rest they are going to open up a trap door and then we can get rid of these bombs for once and for all so back to this article they talk about the democratic polls where where they are actually not gaining any support where they are actually going to have a problem in twenty eighteen what the polls show is that the mean change for congressional democrats from their peak in two thousand and nine more over is diminished trust in some of their key support groups under thirty's are down twenty

seven points in trust democrats themselves down twenty six points and liberals down . twenty one point so they're losing trust among the younger population i mean obviously there is a shift a seismic shift to what you know we've had we've had for the last thirty years the baby boomers running everything they've been the largest voting bloc everything is geared towards what they want and need now the millenniums are the bigger bloc nobody knows what they want and need bernie sanders with his trade deal stories and pitch did grab on to something trump's people whether was trump or his people were smart enough to steal his best ideas on what we're going to twenty sixteen rimmer michael moore a very publicly stated trunk and when he said he could win in wisconsin he could appeal to voters he laid out the trump game plan and this is exactly what trump did trump won the electoral college exactly as michael moore who's a lefty predicted a righty would let me return the favor and say here now exactly how the democrats

can win twenty eighteen and twenty twenty i can give you the game plan right now but you'll ignore it because you're an idiot simply go after wall street banks go after the bankers even though they're your big source of funds you've got a bipolar and appeal to the voter and say we're going to go after financial crime we're going to go after bankers will start raising interest rates so your money is worth something that's a winning strategy for twenty eight hundred twenty twenty they won't do it because they are on a suicide mission call the democratic party and of course there is no pushback from their favored media m.s.m. b. c. . you know they're speaking to those same voters that are already got the baby boomers of both parties but especially the democratic party has like that all their policies about the baby boomers so here is the consequence of it in this next chart as well that kind of goes with these polling going on because you would think well all these scandals investigations stories screeching outrage hashtags the

resistance all of this stuff. that there were as. you know an apocalypse facing the republican party but here is this chart in a twenty sixteen rematch clinton loses more based support and trump percentage of us candidates party who say they voted for their nominee in two thousand and sixteen versus how many would do so again so you see the blue line clinton has lost far more than trump has lost it's like we kind of hillary's oh my god hillary is a political guru. she's gone she's loved the current crop of corpus. the low gone in to these are. stated for the second half a whole lot more. in

america a college degree requires a great deal. paying a decade's long debt. studying so hard it requires trying to. go through humiliation to enter an elite society. and paci into debt sometimes quite literally. want other true colors of universities in the us.

thank you no no welcome back to cars or part time i got to san francisco. and talk with wolf rector of wall street life eligible for target wolf welcome back well thanks for having me back on your show max hi wolf we've talked to you over the years about the housing bubble which seems to grow more insane by the air in the retail sector one which has definitely imploded let's get an update first on housing what's going on off well we have some very interesting very big housing bubbles in various cities around the country and just a little study yesterday on what's going on in san francisco we had an enormous spike in single family house prices in october. i mean enormous going up to almost one point six million dollars. and that's a that's

a huge jump it's a thirteen percent jump from rio at the same time and then it kind of next in san francisco because there really aren't that many houses it's mostly apartments or condos or what we call i see so tenants in common apartments and which is sort of a different version of a condo and rental apartment so there's not that many there's not a lot of single family houses that what sells is mostly really apartment units and in the condo sector they have a level head out so that they jump up and down you know but they you know a year they were down just a little bit since two thousand and fifteen condos really haven't outside of the noise you know the jumping up and down they really haven't moved much so it seems like they're condos and bumping into a ceiling but on the house and there's a new phenomenon there we run into a new not news kind of a regular phenomenon for october is we have we have thirty eight very expensive.

houses sold in october and when you have a median price when the number. of sales at the extreme end increase it really moves up the median price and so this is kind of an unusual circumstance for the rest of the year but in october it's a fairly common occurrence that we have a large number of luxury sales that move to scale and then usually in november december those this drops back down and and then we get to point out the collapse in house prices in san francisco for a few months ago wolf you know apple computer is going to be worth a trillion dollars and all those nasdaq listed technology stocks are worth the dollars and people all live there again and that's funny money you know what's the big if i may can twenty you know a million a month. but google. or more so what i pay ten million for hours what's the big deal it's nothing i mean they've got

a lot of almost people there and that's a big problem is it going to be like that city am i'm reading about the scott and his problem now with disease on the street hepatitis do the fit the think a matter that's accumulated on the street it's now infecting everybody i've got an outbreak of hepatitis in san francisco has a similar they've got like rolling fecal matter up and down the sidewalk from the homeless people down to the billionaires that are basically death according on to the american economy and not paying any taxes but certainly are a lot of homeless people in the next us from san francisco just a very. easy climate a relatively easy climate to be homeless in some of these people come from other parts of the country but it is a huge problem it is a huge problem for a number of reasons one it just clearly shows that disparity between a very small part of the economy that is doing really well and i mean. even

apple employees i'm less your way up there you know you're struggling. with or finding decent housing these days and and but it at the middle class level so you know teachers and firemen and those kinds of people as jobs you know it is what we call the housing crisis and it's the other end of the housing crisis that we used to have is a crisis for a middle class. doorway h.r. in the household can no longer afford to live in some of the cities and the bay area and the leaving and that was that get pushed out by a rent or buy by extraordinary home prices not on some of them i felt that lesson and they wanted a larger home that couldn't make it in san francisco and they leave the bay area or they they. yeah they leave san francisco at least and so this is kind of the limit we're seeing and in the condo area condos are you know

they're in san francisco they're they're not the some of the luxury condos but most of all i know in some for the middle class and where the middle class can't afford them anymore they stop buying them and so we have this sort of ceiling in condo prices war for the last two years that i really haven't been able to get past that and that makes perfect sense because she you know a lot of jobs a lot of companies are moving jobs out of san francisco today because it's expensive and they can't they can't really make it work here and so employment has stalled in san francisco in the bay area in general we've had some declines recently in total employment numbers so it's a it's a it's a system that's out of whack but there's starting to be some sort of sense that it can't go out of whack much more before it will shift and the shift may not be what we would like by the way of the city with the fecal matter that is engulfing the population hepatitis a san diego i was there in alaska far from it. you know

i'm listen to you describe the problem of on affordable housing i mean why doesn't ten cook c.e.o. of apple who just. moved his tax dodging affairs from ireland to jersey in the u.k. why can't he put up a few thousand folks in jersey. where his money is you know it's not it's not getting any taxable income in america he might be able to house these people like a battery chicken farm you know they put in like ten thousand chickens into a coop and then they just squeeze the eggs they're temp cooks got a battery coating farm they've got all these bright harvard graduates cranking out code in mining but klein and tim cook scott i'm living in african dumpster beautiful it's capitalism it's america. they're already starting to build some housing for their own employees facebook started to plan and now some other companies are trying to do that near their campuses yeah the problem with apple is that this money actually isn't an island or in jersey or wherever it's actually in

the united states it's invested in years bonds and government bonds and corporate bonds all kinds of things the problem is there and that's you can't do that is not a problem what it cannot do is invest money in its business and so i can't use this as i would say it's money to buy back its own shares and you can't use it. may have to do so no business saying so. serves its invested it's not like it's there i think that's an important distinction in other words apple's got roughly and last i checked two hundred sixty billion dollars that they park overseas but that's a misnomer it's actually right there coopertown super to whatever. silicon valley but they just have it on the books it says you know france but it's actually just a big pile of cash in the backyard of apple but they they call it you know france i call jersey but they can use it for different purposes because then that would be

a tax lie. ability and got a bit time culture paying taxes i mean after all. he's got some magnificent slave labor made goods over there but i saw san francisco thousand volleyball and we start off by talking about the retelling also retail sector is that just by another good hearted american capitalist jeff bezos steaming dr mengele of of wall street out what's happening in the retail sector where one part of the retail sector that is booming and that's online retailing it's e-commerce that is soaring there's a structural shift underway in the united states globally really. buying a little store isn't buying at malls to buying online i have some yarn and neighbors here i don't know if they ever go out tomorrow they have to get new packages every day and and you know some of the generation x. people and some of the baby boomers don't show up at the mall but it's really

a massive shift and you know they some retail that is so called e-commerce proof for now that's a new and used vehicle sales and that's you know that's twenty one percent of total retail. gasoline sales that's another seven and eight percent retail restaurants and bars and the big. groceries are amazon would love to get underground she says trying to get into groceries but just to its greatest frustration it's not easy in the united states of groceries online so those sectors combine about fifty five percent of total retail and they're not and they're kind of an attack but it's really they're defending themselves and they're so far they've been holding off online. sales but the end of forty five percent and me tell a completely open to attack from online retailers and that. mostly what is being

sold at malls and so their share of what they're for lost to online retail is large it's between twenty percent in a quarter in toys it's like thirty five percent of toy sales have moved have moved to online if you come videogames it's even higher so these percentages are very large once you focus on the types of retailers that are being attacked by buy in congress and once you eliminate those that are still getting a free ride for now right well of course amazon jeff bezos wants to get into prescription drugs and you know emerge that with the opiate crisis in america it got out of control pharmaceutical companies who are getting millions of people hooked on heroin and synthetic heroin for profit the kristallnacht of the pharmaceutical business has arrived in america and you combine that with amazon and you've got jeff bezos arriving to your home theater drone and he'll shoot you off

on your doorstep if you're amazon prime and only cost twenty dollars for that head and you can go watch netflix and kevin spacey last somebody it's a deal i'm telling you it's a deal yeah and they're coming up with a new system or you don't even have to open the door were with the help of a camera and a smart oh awk you know amazon delivery guy can can come in the house and so maybe you don't even have to step outside to get an overdose on somebody just smack will come into your house and given the addict out there you know they. forgot they call it but that's great you know that's american capitalism and we should applaud that because it's it's leading to some really interesting outcomes so going forward what do you see in twenty eighteen mar drugs and housing bubbles yeah the housing bubbles will go on in some markets i i suspect that the housing bubble in san francisco is running into rip robin right now i see that in condo sales there's a lot of supply coming on that market. that's the case in other cities too rents

are already heading down in some of the most expensive markets including seven francisco new york city and others so you know that there are some basic issues involved yeah we got to wrap it up well basically i think the rents are coming down in these markets because allow the tenants are actually now dead all right well thanks for being on the show well thanks for having me and i was going to do it for this edition this obvious pocalypse version of kaiser report well i thank our guests well for ector if you want to catch us on twitter it's kaiser report and select time. manufacture consent to public will. when the ruling classes protect themselves. with the final.

six. lebanese prime minister saad hariri arrives home in beirut following his resignation. president vladimir putin and donald trump have held a telephone conversation the topics discussed include syria iran and north korea. who openly vows to do you rank r.t.m. sputnik making it harder for them to reach wide audie. that's just by the fact the

tech giant itself previously admitted it found no violations when they investigated our g.'s popularity on you to. feel. this is our team.