kind of human being i mean if that's historically like that but unfortunately due to the title but not on you know physically of other structures we're kind of broken but most associated our social values were damaged not only this one plan for the damage to our structures and infrastructures but it unfortunately damaged a lot of values to some.

f.o.c. i played golf. like a bull in a china shop donald trump style and negotiation skills were on full display at this year's annual nato gathering he was not shy about how he feels about the alliance now the trump summit is front and center be a mere photo op or something more. and

now we take a more global view about inequality from a national perspective to help us along we are joined by the c.e.o. of drop marker from hillary ward which it's good of you to be with us thank you so much now tell me tell or about what are the wealthiest nations and sort of the

poorest nations i want to take g.d.p. by g.d.p. right a great to be about thank you so the wealthiest nations are outside of the u.s. that is china germany japan and closely followed by the u.k. the poorest nation actually probably not many of our viewers have maybe even heard of a tuvalu which used to be former ellis island in the polynesian islands but the poorest nations are actually a lot of the former communist countries and sub-saharan africa and then good and then in the middle east the big bright star of course is saudi arabia ok and. if you look at growth rates in the different regions you know a sure. how are they looking for the growth rates going forward yes and some of the hot spots coming up actually there are some of the emerging nations and then there are just growth rates so one of the most outstanding growth rates that continues as outpaced all nations actually is australia and that's really due to their brilliant immigration policies to get into australia i mean you have to have

a certain network you have to come with certain skills they have not been stupid about that and most importantly they had a mining boom where they were mining coal and iron ore that they were shipping to all the factories in the nation so there's a great growth rate some of the emerging nations where there's a men's growth are you've got the some of the. in the pacific basically all the countries right then you have argentina you have indonesia india india is projected to have a seven percent growth rate seven point nine next year really yes and then actually you know you they overtook china by just two percentage or two points that don't sort of present exactly as they did yes and it is in india and that's a lot of the. everybody of course in the u.k. we things well it's because they can speak english but they've actually been a pretty have a lot of those outsourcing call centers but a lot of global business they've always had a very global outlook on the fiscal stimulus has been as a also very smart but also as you jim o'neill the former chairman of morgan stanley in two thousand and one he used to call them the bric nations and that was brazil russia india china and sub-saharan africa i think some of the emerging nations in

sub-saharan africa is somewhere to look because of course there's a great percentage opportunity for growth and a lot of the the raw commodities which are more in demand now it's very interesting we did some the other day on australia which hasn't been in recession you know twenty five years or some but the youngest of any developed nation so our history went out so even the netherlands crazy crazy us i guess is pretty difficult to predict what's going on given the current circumstance. but you know what sort of trends do you see there in or does it leave it were you know i think of trade was on healthy but i think there's going to be an even ing out i think the one thing that's concerning globally in terms of inequality is the tremendous gap actually in skills skilled labor the good news is inequality actually is the lowest it's been since one thousand nine hundred one it pete forty four percent of the world was below the abject positive positive level in eighty one do you know it's less than

ten percent today so that's actually good news in terms of inequality but the inequality is with in nations there's this technology gap between skilled labor and unskilled labor and that actually accounts for a lot of the nationalistic vote a populist vote like bricks it in the u.k. populism both here in the us do to try to trump and that's what's accounted for inequality inside of nations is actually more concerning than global inequality which to me ask you for a go the you know when you're when you're don't have a good economy it leads to all sorts of. including terrorism on roast and everything yes people. around the world hillary what are the real slow g.d.p. countries that we you know heaven forbid predict any problems in those countries and what are the ones that sort of stick out to you well i mean obviously i mean we've had a disaster in syria and that's been a lot of course because of the drought i'm so i think you've got actually global warming trends have affected some of that and it's really obviously in the middle east where you have colliding factors i think robust employment begets robust

economies and therefore of course robust stability instability if you think about many years ago in the sixty's those instability in northern ireland why the economy was disastrous now the northern irish economy is strong and that keeps stability so i would think anywhere where there is abject poverty and that will be places in the middle east so you have strong mark word for which thank you for coming in your labor market absolutely anytime. one might ask where is the the definitively wealthiest place in the united states well our to correspondent treaty charges looked and went there for the special report beverly hills nine zero two one zero used to be america's most recognizable zip code but that's all changing now america's richest code is based on an island word so exclusive you need an invitation to get there in

a recent analysis of iris data bloomberg found the wealthiest of codes in america and the number one spot may shock you. it's called fisher island zip code three three one zero nine once privately owned by william vanderbilt the second the island is located just off the coast of miami and is now a haven for the world's richest only accessible by boat or helicopter the two hundred sixteen acre manmade island has a mix of condos and private homes not to mention a vast array of amenities you come to fish island and you literally can stay here for three months without having to leave the island so we have about eight hundred manatees from the arenas to seven restaurants to eighteen tennis courts four different surfaces on tennis courts a great golf club we have an amazing spar and as you have seen and the beautiful beach club environment so we have private beaches we have a private school so this is an ideal environment for families who want to come here

who want to raise their children there are about five hundred residents ranging from royalty to professional athletes to business executives and while only about twenty percent of them reside on the island full time. if the island's exclusivities that attracts people from all over the world we have about thirty seven different nationalities and fishes. we have about fifty percent u.s. twenty five percent is from thousand america we have a lot of russian. course so it's true that you can truly call home and it has pretty much all the ingredients that. reflect that if you want whose income bracket the average income for fisher island members was a whopping two want to half a million dollars in two thousand and fifteen that's one million dollars more than the second place spot held by zip code nine four zero two seven in silicon valley

meanwhile new york represents a quarter of the top one percent of households nationwide and california accounts for eighty five percent of the riches of codes in the west but while neighborhoods in the new york tri state area and california make up the majority of the top which is the codes in america the favorable tax structures in florida and in wyoming are drawing the wealthy to according to the report since two thousand and ten the average income in most wilson road wyoming has increased more than seventy five percent making it the fourteenth which is that code in the country and then of course the south is home to the richest code in all of america fisher island and now in order to live on the shore island you do have to pay a membership fee of a quarter million dollars and nothing including the annual fee that comes after that but you don't have to be a millionaire to enjoy this luxurious place they do have a hotel on the property and they welcome everyone from around the world reporting from fisher island trinity each other.

while wealth inequality may be seen by some as a regional thing it's actually a nationwide issue even in some places you may not expect our to correspondent dan cohen gives us a closer look at wealth inequality in the district of columbia. the united states has long portrayed itself as a land of opportunity and upward mobility for all peoples but with scenes of homelessness and despair like this popping up all over the country it's an increasingly difficult claim to make income inequality in the united states is at its highest since one thousand nine hundred twenty eight just before the great depression the top one percent now owns a staggering forty percent of the country's wealth the poorest zip codes in the united states are in rural areas of pennsylvania oregon ohio and arizona they all

have an average income under fifteen thousand dollars per year while income inequality is visible across the united states its most extreme in the nation's capital of washington d.c. the median annual income of black residents of the district is thirty seven thousand eight hundred ninety one dollars just thirty percent of the median white income at one hundred twenty seven thousand three hundred sixty nine dollars in the streets of the district it's obvious that there are huge amounts of wealth just across the anacostia river in the southeastern part of the district the disparity is glaring and twenty fifteen mayor muriel bows are unveiled her plan to address income inequality and poverty with her pathway to the middle class program community activist schuyler pondexter more lives in public housing in ward eight the poorest in the district she says bowzer is program has been a fig leaf for giveaways to private developers and corporations i believe that this

income gap in the salton that the way out she's doing it back just phasing us out i believe she thinks happy to pay for it just get rid of all the income taxes think about all of this and get the most of us by the law going to japan south of the city or have innocently say gentrification has devastated d.c.'s african-american population in one. seventy one african-americans accounted for seventy one percent of washington's population struggling to cope with increasing costs of living and lack of employment opportunities in twenty six to the percentage of african-americans in the district fell below fifty percent but moore says local investment can benefit the community if you give people the resources and help them wrap around then we can really start to close this gap and that wipes out we'll need to bring in people who get money we can be to people get money you've got to bring in a trader joe's going out bring in a whole foods with expensive housing and corporate chains like starbucks under

construction and mayor bows are likely to win reelection later this year the same policies that led to such inequality are likely to persist reporting for boom bust dan cohen. that's it for this time we appreciate you joining us on what's an incredibly important issue you catch boom bust on direct t.v. channel three twenty one different network channel two eighty or streaming twenty four seven on pluto t.v. the t.v. channel one thirty two or as always check us out at youtube dot com slash boom bust artie seal later. all the security back and isms and agencies and the saying we don't want to be part

of britain anymore they got caught up in stomping out aviation companies we mentioned banks stopping out everyone wants to get out because if you don't have the super trawler institutions to cover the if you have any part of that and you saw to be a separate go it alone island under a large rain cloud swimming in marmite washing some old hag in a crown those people in france germany and italy and the rest are saying no we don't want to be. part of. the new global economic war is unfolding in the realm of education the right to education has been supplanted by the right to access education low its high education is becoming just another product that can be bought and sold to understand just about education anymore it's also about running a business.