tv News RT February 3, 2018 1:00am-1:30am EST
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is up to nearly five dollars a square foot putting the bay area at a higher price point now the new york city proper but that also means that these are high paying jobs right part so these aren't necessarily those forever careers though you'll likely see more turf turnover in both the job openings and rental properties in places like san francisco and new york city folks come in to build the latest and greatest tech gadget or social media site or work on a hedge fund they ride the wave for as long as that thing lasts and they transition on to the next place but then this next map here the darker concentrated color areas are folks age thirty five to sixty four just under retirement age who only their home they live in you know that that house they stay put as you can see the midwest once again shows where folks tend to plant their roots they're a little more mature they're a little older they're stable they stay put places along the west coast skew noticeably younger and may not necessarily own the properties that they live in but
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you can you can bet it's probably takes pensive place part but across the board ownership still down renting is on the rise this is both in part to not get seen a full recovery after the housing bubble burst of two thousand and eight as well as changing attitudes towards ownership and renting and once again i think it speaks to a shift in what people's jobs are like these days versus what they were ten years ago people's jobs have become more mobile there's a big increase in telework and while the popular ideas that. are driving this trend of renting you would be rolling millennial have actually come of age into their thirty's they're buying their homes they're moving to the burbs they're buying single family houses they were responsible for thirty three percent of total sales last year meanwhile boomers were the ones driving up the rental market looking for new places to live moving along houses still preferred the preferred by americans going out to subdivisions still the. cami as you know fairly doing well housing has
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stabilized but a lot has changed in america and their attitudes have changed about where you live unbelievable information that's great but we're talk about it more but first let's go to toronto to alex mahela bitch and get more not just on canada but on mexico alex. interesting assignment canada and mexico a thing you didn't know before i was also a real estate agent at one point i got my license when i was eighteen so this is a very interesting topic to me canada like canada when you look at it's a huge country and because of that we're talking with the demographics when you break it down the types of homes that people live in fifty four percent of homes are actually detached home so that's about what it was talking about as people in the burbs except you're going to give a little bit of a breakdown of how what it really looks like though the whole sort of demographics of the country saw as about fifty three percent i should say single detached homes that's a big drop actually feel that there's been a decline in the past thirty years just a couple years ago back in two thousand and eleven was about fifty five percent
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apartment buildings were to about four stories or less eighteen percent of the population lives there apartment building five stories or more which are the high rises nine point nine percent and the duplex is twelve point nine percent other sixteen point two percent now the highest number of apartment dwellers we have in this country to be in trouble that would be the five or more stories that three out of ten people in montreal the demographics have a bigger florida tent but we're talking about low rises there so the smaller type of building if you ever been to montreal it's not necessarily the most sprawling up city is more sprawled out it's kind of like toronto actually another breakdown here which i find very very interesting is the percentage of income spent on homes these numbers are from august two thousand and seventeen so the average pretax a couple canadian spending on houses is forty five point nine percent they are seventy nine point seven percent that's a whopping amount of your income toronto seventy two percent in st john not st john's two different cities st john you brunswick twenty six percent so look the average prices that we're looking at the homes in american dollars eight hundred
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fifty five thousand for vancouver all the way down to one hundred forty three thousand a month and you can see there's a massive difference this december two thousand and seventeen numbers a very current mexico whole different ballgame when it comes to mexico we're talking about seventy eight point eight percent of the population living in urban areas which is pretty astonishing when you have a. hundred twenty million people living in your country and according to the o.e.c.d. eighty four percent of mexicans are in highly urbanized areas that's one hundred thousand plus people in those areas twenty one percent of the annual income though is spent on housing which is very low mexicans and a great number of them build their own houses they inherit homes and the whole thing is it's not like apartments like what we see in the states or canada there's a lot less of that and can coon believe it or not is number one when it comes to high prices they are skyrocketing in that city. unbelievable r.t. correspondent alex mahela bitch thank you so much we need to unpack that your mind a little bit over the weekend we now take a super quick break but stick around for more on global housing for our special
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here on the economics of sports in the super bowl will discuss and as we go to the numbers this was as danielle was speaking with me earlier about i really bad week for many global stock markets for the dow index and the s. and p. it was the worst week in two years. and. it was. going you know what i mean you know.
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seen years ago i traveled across the united states exploring america's deadly love affair with the gun bad guy tried to get to one of my family members he would have better a lot better and i think it's fair and hearty when i buy my babies says my book was published in the year two thousand more than hoffa million americans have been killed by firearms in the u.s. how does the team yes we did this this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got hit by the gun i just saw i did to return to the subject to track down each gun owner who i'd met in such golf those years who god i don't know the. but we are not. the world is getting away from us dollars walled reserve currency the one road one
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bell paul c. linking up russia and china is out of the dollar every last trade oil away from the dollar countries are desperate to get out of the us dollar so the dollar's going to lose value no matter what anybody says so there's the treasury secretary really trying to make it look like oh it's our policy for a lower dollar doesn't really matter what he says dollars going lower as we've been saying for a number of years because the u.s. dollar is a currency that other countries recognize as funding the wars and the weapons and the poverty that they're trying to the state. we continue with a special report on global housing for more on europe and africa. reports the european economy is improving as a whole and as you mentioned is responsible for the spike in consumer confidence
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we're seeing particularly in the house in spectrum now as it stands right now europeans spend roughly forty percent of their income on housing the highest percentages in spain in the united kingdom roughly spending fifty percent and the lowest is in switzerland and slovakia thirty percent the most common form of housing is flats according to the european commission about forty two percent of people live in flats twenty four percent live in semi detached houses and one third lives in detached homes now if you want to buy property in the most expensive areas in europe paris real estate will give you the romantic setting you are looking for coming in as one of the top cities in europe and if you want to view of the alps it will cost you two neighboring seconds london comes in at number one with one million dollar. only given you about two hundred seventy square feet now in africa the real estate sector is continuing to develop subsaharan africa is experiencing
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a surge in population growth more so than any other global region and there is a growing recognition that the region's main cities are not properly equipped for modern warehousing space so the urbanization of the area is also driving real estate according to the new world wealth cape town in south africa is still the most expensive city in africa to buy prime real estate with the exception of cape town south africa remains the least expensive country to live not only in africa but the entire world globally it's the largest producer of gold and platinum the second most affordable country in africa is followed by algeria and tunisia so the obvious trying here is the housing market is heavily influenced by a country's economy and when things are booming people are shopping and that includes housing but investors say uncertainty with things like bricks that could change everything in los angeles and hottest tweets r t i.
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go global we can't go global with asia and oceania so let's go to our chief correspondent david miller for that. the most expensive cities in the world are found in asia hong kong and tokyo known for their extremely high cost of living rank first and second respectively in the top twenty cities in the world where you will pay the highest rent in beijing and shanghai to the countries of largest markets and other mega-cities home sellers have stalled and prices have dropped fallen slightly in some pockets and dramatically in others it is interesting to note that from the twenty cities ranked seven are asian hong kong with room prices ranging on average between two thousand u.s. dollars and five thousand per month and tokyo with a strong yen are followed by shanghai of soka mumbai beijing so enjoy the card and changes in global liquidity conditions and new american policies being pushed by
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president trump are concerning trade and are likely to send asia's housing markets on a roller coaster ride feeling pressure to keep up with interest rate hikes in the advanced economies in the meantime cindy takes a sixteenth position with rents starting from two thousand to near four thousand all depending on luxury and asia where five hundred million people live in slums the region has the highest growth rate and the united nations projections are that asia's population will top five billion by two thousand and fifty and population is a very important determinant of housing demand it is projected that the population of the philippines will grow from ninety four million from two thousand and eleven to one hundred nine million in two thousand and twenty and further increases in two thousand and thirty reporting for us david miller r t america. all right miller so let's bring it back here to the u.s. in your coverage of this which is just unbelievable all that data in the graphs
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thank you for doing it what's the most expensive place on one of the coasts i give you top three san francisco new york d.c. so it's arm and a leg ok yeah to lose and here in d.c. in looking at all this data which you've been poring over for days you know what is it the most surprised you anything i think i think a lot of people i'm not surprised i think a lot of people are going to be surprised to learn that more than one and five home sales right now are driven by single women unmarried it's not like the woman on the loan and the husband isn't single women are driving home ownership one in five of them are bought by single women twice as many unmarried women are buying homes than are men and single women make up more than one third of the real estate growth since one thousand nine hundred four so take that very aggressive thank you know and thank you to our two correspondents and now we take a look at the economics of sports and of course as we head into the big weekend super bowl fifty two according to
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a recent report globally the most valuable sports team in two thousand and seventeen were surprisingly fun playing in american football leagues baseball basketball and of course the most popular sport in the world soccer we are joined now by victor matheson who is a professor of economics and a county at holy cross professor thank you so much for being with us can you provide us with an overall economics of sports around the globe by sport. well so there's no question that the most valuable league in the world either in total revenue or revenue per team is the n.f.l. here in the united states that's followed by the n.b.a. major league baseball a couple others you have to get down a little wave of ways before you find some of the european soccer leagues however when you total it up across sports across all of the entire world there's no question that soccer comes out on top all right now this is super bowl weekend so we talk about football where is football in the perspective in the u.s.
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versus the other sports so without question again n.f.l. is the king of the fear the super bowl is going to attract maybe one hundred ten or one hundred twenty million viewers that's as many viewers as watched the n.b.a. finals last year but of course the n.b.a. finals went six games so five games last year the the world series went six games again roughly the same number of viewers so the super bowl the tracks in an audience two or three times higher than any other single sporting event in the united states at least ok and let's talk about the economics of what they are generated in the various areas around the super bowl we know about the commercials but what else is there the merchandising etc but first talk about the commercials if you might professor. so we're looking at about five million dollars for a thirty second slot in
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a typical game you might get as many as one hundred commercials during the super bowl so you're looking at maybe as much as five hundred million dollars of revenue being generated there add on top of that an entire stadium of seventy thousand fans each paying a minimum of a thousand bucks so you're looking in the seventy two well over one hundred million dollars there plus the n.f.l. tries to get money anywhere they can and it fell experience parking concessions it's definitely going to be a good week for the n.f.l. boy if you're one if you're one of if you're one of those you know folks who invest in a commercial you really got to be hoping that it's going to pay off with increased revenues that there could be some big losers out there i imagine how much does it cost to broadcast the game so the broadcast costs obviously are fairly low you know we've got a lot of good built in infrastructure for that so n.b.c. isn't out a whole lot of extra money obviously this is
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a game where you have multiple cameras in the you bring the best possible crews you can but obviously it's all worth it with the amount they're selling there now of course you bring up a great point with the advertisers boy this is not a place to to not bring your a game because it's a huge gamble at five million bucks tell me you can't let you go without asking you this what happens to all the merchandise professor that is printed with it's incorrect because that team lost the super bowl. so my understanding is sometimes it's destroyed other times it's donated to charity most of the time with t. shirts like that charities will collect those t. shirts ship them abroad so you know don't be surprised if you're on the streets of zimbabwe some day and you see an atlanta falcons two thousand and seventeen super bowl fan or super bowl super bowl champs that's where that ends up or you or you might see it on e bay perfect or vegas professor victor matheson from holy cross thank you very
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much enjoy the game thanks for having me and that's a wrap for today's broadcast be sure to catch boom bust on you tube youtube dot com slash boom bust r t c n x time. turkey's decision to invade northern syria has foreign policy implications far beyond the middle east what are anchors objectives in syria and the region does it to suit a final peace settlement to syria's proxy civil war and what is turkey's future in nato. this little bundle of joy would have no chance of surviving in the wild mother pandas can only win one cup at a time but usually give birth to two. every year china puts a lot of effort into making up for this cruel mistake of nature.
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is just. china's panda breeding has become something of a production line. it's almost as though they've been copied three d. printed and put on show for the public. several cubs are born here each year. but only left work by dedicated scientists will be from the thing if panda love can't be encouraged in captivity it's not as though they don't practice until but in the same lazy way they do everything else with this proud mommy gave birth to twins and has no idea that a special love potion was formulated just for the. round up of cock up close to the best out of the jaws of. the concepts
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i think it's terrible if you want to know the truth i think it's a disgrace a lot of people should be ashamed of themselves and much worse than that the f.b.i. and the u.s. justice department secured a warrant to spy on donald trump's two thousand and sixteen election campaign using a highly controversial report partly paid for by the democrats a newly declassified memo claims. the world anti-doping agency says it is seriously concerned with a decision by sports top court to overturn a lifetime olympic bans imposed in twenty eight russian athletes also ahead. five migrants are shot and dozens more injured in a mass brawl at a food bank in the french port city of galle a number of locals we've heard from say that they're living in fear. boy you do and
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i think we need a structure put in place to protect this physical to delinquency here it's a catastrophe for the french and especially for the people of cali the ballasts really damaging. our broadcasting live direct from our studios moscow this is our international incheon thomas glad to have you with us and the controversial congressional memo that has been stealing the headlines in recent weeks. he has now been released after receiving approval from the us president and accuses the f.b.i. and justice department of securing a warrant to spy on donald trump's presidential campaign based on the unverified claims in the troubled russia steal a dossier which was paid for by the democratic party after initially being funded by
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a conservative publication. i think it's terrible you want to know the truth i think it's a disgrace what's going on in this country i think it's a disgrace and when you look at that and you see that and so many other things what's going on a lot of people should be ashamed of themselves and much worse than that well if you take a look at the four page memo that there was so much anticipation of you'll be coming across some rather interesting facts now the christopher steel dossier this was the basis on which the f.b.i. acquired their warrant under the foreign intelligence surveillance act their warrant to wiretap members of the trauma campaign that was based on the infamous r.c.a. from christopher steel now we also know that the f.b.i. chief said that it was so lace this and verify furthermore the f.b.i. was aware that the d.n.c. and the hillary clinton foundation paid roughly one hundred sixty thousand dollars for this deal dossier they knew it was paid for by the d.n.c.
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but they did not mention that in their applications for a warrant from pfizer courts furthermore sequester still wasn't only working for the democrats christopher steele was a long time paid f.b.i. informant and they departed just as the f.b.i. were well aware of the fact that christopher steele had an agenda against trump was quite biased they still used to report furthermore we know that the deputy attorney general bruce or his wife was actually hired by fusion g.p.s. the firm that the democrats hired in order to get this information on trump so essentially this document points to the fact there was a great deal of what appears to be collusion between the clinton campaign and and the f.b.i. and department of justice two entities that are essentially supposed to be bipartisan enforcers of u.s. law it appears according to this document or at least it's purported in this document that they were working to prevent the election of donald trump and we heard of many calls from many prominent figures for this document to remain classified they wanted this four pages to be no. not in the perspective and not
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available to the american public remember nancy pelosi the leader of the democrats in the u.s. house of representatives said that releasing this document which is now fully public would somehow be a threat to the national security of the united states intelligence is that it's the cia that d.n.a. at the end. national defense everybody has their element of it and sources and methods must be protected now as the debate about the releasing of the memo escalated russia most certainly came into the picture there was a letter that was sent to the owners of twitter and facebook urging them to investigate the role of russian bots or possible russian bots in the hash tag release the memo furthermore we even saw an escalation of this rhetoric with allegations that devin noon is the chair of the house intelligence committee was himself a russian agent let's take a listen to some of what was said is it possible that the republican chairman of
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the house intel committee has been compromised by the russians as a possible nuclear threat or russian agents reading the house and senate committee on the republican side i hope that's not the case i mean this is behavior speak about the i mean i'm not the first person who's raised this he's behaving like someone who's been compromised now we're waiting for a different reactions to come in but all eyes are on washington d.c. as the four pages have been released and the memo is now public we discussed the revelations of the memo with a number of analysts. the democrats are claiming that this is some kind of obstruction of justice by release by declassifying trying to declassify that there's classified information apparently that was in in this memo that that's somehow obstruction of justice i find that highly absurd i think it's a revelation of injustice that we've seen today that the american people have a right to know and i'm glad i applaud that the republicans have released this so that we could know what the their intelligence agencies are doing this must be protecting the american people from from threats which they often manufacture but
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this one was a case where they intervene in a political process that looks like and that's highly unusual and and very disturbing so i dismiss not an obstruction of justice in any way my so i think the democrats are going to come up with all kinds of reasons to to say that this is nonsense and that it actually somehow incriminates trump and the demo and the and the republicans want to just the opposite i have to say in this case i think that this is this contains some troubling evidence of f.b.i. malfeasance does of us who are critics of the f.b.i. have been saying this for years this is how the f.b.i. does business they do it to surreptitiously they do it by stabbing people in the back they do it by setting people up by entrapping them by tricking them and that's exactly what they did with the place of court they played the face of court judge by not telling them the source of this deal does he a they plead to a judge by not telling them that this was a partisan. report and and they got their warrant they got there
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weren't any way. meanwhile the u.s. defense department published its nuclear posture review on friday outlining the nation's nuclear strategy apart from strengthening its nuclear capability the doctrine takes a seemingly tougher stance on china russia and north korea calling them a unique and complex threat the review also points out that the united states would not hesitate to respond to a non nuclear attack using nuclear weapons and emphasized that u.s. diplomats would continue to speak from a position of strength. right because this further let's now cross live to rick wakeman the director of programs and operations at the nuclear age peace foundation thanks for being with us here on our to international. so. let's get right to it how do you evaluate the newly released review is this a throwback to the cold war era tactics or is there something new here what can we
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take from this. well it's a little bit of everything sure it's a throwback to some of the cold war more explicit nuclear threats between the us and russia and between the us and other adversaries now that have been more clearly identified namely china and north korea but is also a continuation of u.s. nuclear policy from past decades this is not that much different than what president obama had in his nuclear posture review in two thousand and ten there are some very important differences this is more aggressive it does in my opinion lower the threshold for possible nuclear weapons use and it calls for additional unnecessary types of nuclear weapons but in general this is much of this is the status quo unfortunately of the u.s. strategy says nuclear weapons may be used in case of a non-nuclear attack which is interesting in itself but other nuclear powers let's
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say china for example they pledge a no first use of nuclear weapons policy while russia is doctrine says that they can only be used in the case of weapons of mass destruction being used first. why does it seem that it's only washington it's the only nuclear power that is maintaining the right to go nuclear first. well this nuclear posture review that just came out today was written by a very aggressive and in my opinion extremist group of individuals some of them have been known to write about winning a nuclear war and that's really an absurd prospect to think that you can win. a nuclear war no one wins in a nuclear war in fact everyone all of us on the planet are are threatened greatly by nuclear weapons so the individuals who wrote this i think have a dangerous world view and
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a dangerously misguided or view and to be this explicit about being willing to use nuclear weapons first in response to a conventional attack cyber attack any many forms of non nuclear attack i think is really dangerous and so it's a terrible precedent for other nuclear armed nations to perhaps follow bring up a good point about no winner in a nuclear war in fact the entire idea of a nuclear deterrent is that it is a zero sum game. but let's look at the policy continuing to outline of an american diplomats would speak from a position of strength. what is the meaning behind that. well i think in this position you know we've seen it in president terms quotes before saying that as long as nuclear weapons exist we're going to be at the top of the pack here and those like him equate nuclear weapons with.
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