so this, to the left, kind of terra-cotta color, this building and that are kind of the same terra-cotta color. these are buildings for religious and ceremonial events. of the year is when tourists and family members come that have moved away, they come here during the week of december 12. they have events at these buildings. dance allcandles and night long. they have ritualistic prayer and dance. a mixture of roman catholic and indigenous beliefs. the people here are unique microcosm example of a lot of new mexico. mexican-indian, and native new mexicans. >> it shows the diversity of the area. see the downtown? >> yes. >> we are entering sort of the modern downtown. >> right. one of the things the city of las cruces did several years ago was it consolidated the museums to be shoulder to shoulder on main street. it took several years to renovate this district. it is ultra-modern. everything is brand new. it itrking, the lighting, tried to keep the feel of a certain time, but everything is within walking distance. theater, thethe bookstore. you can walk to all of the museums. >> we have b

.- terra-- brian lamb: can you explain that?frey rosen:tariffs were the biggest constitutional battle of the early republic. the question was how to fund the republic. hamilton, defended the government by excise taxes, things like whiskey and carriages. the income tax is only introduced during the civil war by lincoln and it is temporary. there is another in the cleveland administration and it expires. a supreme court decision in the 1890's called the public case --es that the income task is income tax is unconstitutional. it makes it impossible to administer. it was a 5-4 decision and taft thought it was wrong because alexander hamilton thought it did not have to be a portion. respect of the supreme court's and did not want to embarrass them by trying to overturn the decision. constitutional amendment was necessary and the 16th amendment was introduced during his presidency. terra-- tariffs are bubbling as a political issue and splits the republican party. the party had been devoted to protecting terra -- tariffs for income and

this building over here on the left is kind of a terra-cotta color, all three buildings are the same color. these are the social and religious and ritual ceremonial structures they built here. the biggest event of the year for these people, and tourists, and family members come from all over the world who have moved away, they come during the week , and in the other building they will have candles and they will dance all night long there. they will have ritualistic prayer and a dance. it is a mixture of both roman catholic and indigenous beliefs. the people here are really kind of a neat microcosm of a lot of new mexico. they are a mixture of spanish, mexican-indian, and native new mexicans. >> it kind of shows the diversity of the area. alex: right. >> with the meter to this neighborhood. should we see downtown? tortugase seen the neighborhood. should we go downtown? alex: yes. toy consolidated all museums be all shoulder to shoulder it located on main street. they spent several million dollars and it took several years to renovate this entire main street district. ultramodern. ever

. >> we have sort of left terra firma and now it's terra incognito.ry strange circumstance. a lot of people two years ago when jeff sessions was appointed, people in blue states were appalled at the idea. he is the one actually holding embracinge of law and the standards for which the justice department stands. david: having worked in the u.s. attorneys office, what is this due to the minute women who work in that department when they see their boss, the attorney general, seemingly at war with the president of the united states? what does that do to their job? morale toerrible for see this going on, playing out in public sphere like that. ofhink it was commendable attorney general sessions to say, what is the truth? doj takes enough ath they will -- takes an o and they will not be influenced by politics. deputy general crop rosenstein said he will not be extorted. david: greg, wise the president doing this? -- why is the president doing this? greg: that i don't have any pipeline to the white house but i'm sure he is getting advice from people he trust

these these institutions that were once seen as being the terra just because it's a little being questioned i think it's a good thing that they're being questioned because they haven't been there and just but it's also very disruptive to the american system as. the u.s. says economic sanctions against take a will remain in place even if and correct released if an american past being held on suspicion of terrorism offenses that softer both sides imposed said the tariffs on each other meanwhile some techs of chosen to smash up that i phones in protest at washington's economic warfare. going to. want to go home understood. they have not proven to be a good friend they have a great christian pastor there is a very innocent man. stepping in on take a side that i was could top which is just approved fifteen billion dollars in aid to prop up the take a shaquana me on course who has been looking at how the decades old alliance between the us is being tested to breaking point. she was built the entire entire roof so no leading goes to great tree do you as opposed to the horrible food trade deals the

if we get away from the level of things maybe disappointed to know that robert rodriguez going to terra to know seen as independent filmmaker is not that much different really to the corporate filmic it's not. you know they are they're men with power. and in fact. i would think the corporate ones might have more oversight but. their oversight committee was hardly wants to. do would you go as there was the powerful will say well justice was eventually people often have to just wait quietly. no they had a hand and. quantum even so they all know. you know he knew about me he said it in an interview. you know they say the complicity machine is huge there. there's talk about an industrial complex is one of complicity. and it's one of continually protecting people that aren't even that great in the first place so they're not. just clean out the crap so great things can come just cut off the head to rot and let other things florus because we know it's all there we've all worked in those places where it would be so great if it weren't for that one person get rid of that one person. to attitude

these these institutions that were once seen as being the terra just because it's a little being questioned i think it's a good thing that they're being questioned because they haven't been fair and just but it's also very disruptive to the american system as the u.s. says economic sanctions against take he will remain in place even if an korea releases an american pastor being held on suspicion of terrorism offenses that softer both sides imposed for the terrorists on each other meanwhile techs have chosen to smash up their i phones in protest at washington's economic warfare. going to. one hundred fifty. they have not proven to be a good friend they have a great christian pastor there is a very innocent man. well stepping in on take a side is qatar which has just approved fifteen billion dollars in aid to prop up the ticket shaquana me taste on quarter has been looking at how the decades old alliance between the us and ticky is being tested to breaking point the country was built on tires and tire if the no.

--terra the backdrop is ok. fundamental backdrop is ok.toric has the potential to disrupt a lot of that. what i think makes sense is looking at things like developed markets, currency volatility, which has really lacked. you had a serious blow up whether turkey or brazil or russia or china. that has repriced volatility substantially. looking at things like dollar-yen options or euro-yen options, these risk proxies that have been well behaved for all the risks in play. i think makes some sense. volatility has been low, so there may be a cost to running this. given the uncertainty we talked about and is jeff mentioned in the last segment, that makes sense. the other strategy, a similar way, is raising allocations to cash. if you are a focus investor, raising allocation to cash makes sense. you can still be constructive. dollar cash specifically. you are getting paid for that. you are getting some positive yield relative to duration elsewhere around the world, maybe not elsewhere, but europe and japan. and relative to things like dividend yie

the key line is this, terminating talks with starwood, terraform a -- terra firma, and tdr. estimates. let's see how they open. those talks are off, share buyback program. let me come back to that. more details on that to come. other markets now in noon to the fact that u.s. could go to $200 billion and china could go to $60 billion. it is all well within the china paradigm. is everyone happy with the xi jinping negotiation tactics? you are seeing this overall view from the markets. you got 94 months. , 94producer of daybreak months of job growth in the united states of america, an unbroken trend. that is the backdrop to markets. there's specs of light coming through the clouds of gray when he came to the view of the world. u.s. stocks rallying for five straight weeks on the jobs numbers. europe set up very nicely. anna: let's look at the risk radar. there are some interesting things happening in the session. trade rhetoric from president trump and the chinese administration, suggesting they have what it takes to endear a protracted or prolonged trade war. yield, we0-year sh

. >> bob pisani down at the stock exchange >> for more, let's bring in dan moorhead, ceo of pan terra and despite the plunge he's still betting and you can see him from san francisco it's good to have you on fast tonight. >> thank you for having me. >> i'm sure you heard pisani's report right now what do you think of the etf trouble and the decline in bitcoin that we've seen? >> oh, i think the main thing to remember is that bitcoin is an early stage venture and it has a realtime price fee and that's a unique thing and people get excited about the price and overreact, i think, to announcements and there have been a couple of big things coming out in the last week and the etf rejection is the same story we've had for five years and the sec has been very cautious with an etf. >> right how much do you think an etf matters to the success of bitcoin or at the very least to help right this what seemingly is a listing ship? >> oh, yeah. it's all perspective bitcoin is up 82% year on year so it's still doing very, very well and the perspective one should have is given that bitcoin is such ear

conflict zone with me should be fun from the treatment of migrants to freedom of expression to enter terra looks hostile and it's a human rights across you're all slipping my guest in ghana is michael floaty director of the agency focus on the men's rights does he believe you up is doing full extent to protect human rights conflicts so for next on d.w. . assigns fiction writer to bridge the real and imaginary. visits to adama to pin future prophesies to mass surveillance in the novels that inspired a range of popular movie. a visionary of the digital age. well according to the. forty five minute. stay up to date don't miss our highlights w. program online w dot com highlights. his creations good for his brand stink of all colors gushed high cost of the fashion. look what do we really know come from man behind the dark shades what motivates him how does he think and feel private moments. the life of a great passion designer. starts september. from the treatment of migrants to freedom of expression to end to terror laws a stand it's a human rights across europe slipping this week on conflict

dustin those are terra cotta figurines from africa and the main reason i have them is that i couldn't afford egypt and statues and. show me your altar and i'll tell you who you were. who knows what personal stories lie behind the photographs that appear in the book. by the way all the first house have had some details removed for privacy reasons only the photographer knows the whole story. this is. this photo comes from an elderly woman who ended up in a retirement home all her clocks show a different time. and that's one of the major themes here the trends in nature of time and. we still have a loss of questions why would anyone build a computer of cardboard. and antos flying swatches leaning on the wall you can kind of you can't really decipher the meetings behind these things and if this were for example it doesn't have to mean that there's likely ninety or that the flyswatter represents sato mazo tendencies or anything like that. all sleep time. we did manage to find out that the flawless watches belong to the photographer herself she bought them one day on a whim at a flea market

the suspect who is now in place custody on suspicion of terra fences has been identified as a twenty nine year old british citizen that had a few case counter-terror unit says the suspect is not cooperating he's not believed to have previously known to british intelligence and just thought to be from the city of bending him in the english midlands police are now searching three addresses in the region here's a video of police responding to the incidents blah blah. was. around seven thirty am a silver house back at full speed through the westminster area before crashing into the barriers outside the houses of parliament if not for parliament summer recess this would normally be a bustling government area with iconic landmarks nearby like big ben and westminster abbey is always popular with tourists police have now lifted the cordon with the area already having been the scene of previous attacks are now considering closing the road outside parliament to vehicles. cheers days incident left three people injured two were hospitalized with non life threatening injuries extra officers have

. >> miami nive david martin is president of terra group, a commercial and residential developer. waterfront condo and is building more next door. f claims these towers will help protect miamim water. >> we looked at areas that are on the beach and along the coast and we sayow can we fortify these buildings? how can we cree incremental ax revenues from these areas along the beach or along the coast and start reinvesting that incremental tax dollar into the infrastructure in order to make those neighborhoods resilient. >> i mimy esting $200 million into resilience, installing pump stations and upgrading its infrastructure. miami beach is on track to spend twice that, raising sidewalks and sea walls. the money ns coming fromew bonds, voters raising their own property taxes to protectheir property, but martin is also starting a new project here on much highe ground, a $162 million residential and commercial development on five acres adjoining a metro rail station. >> are yououedging bets? >> i think there are opportunities both areas. >> because while values a rising up here, demand

so for me, that means sitting back happily on terra firma, enjoying the beautiful marseille coastlinera shutter clicks. right, time to see how lunch is doing, and i'm going to test the temperature of our steak using a meat thermometer. not any old meat thermometer, of course. this is the meater, which of course talks to my smartphone. via the app, you can tell it what you're cooking, what your desired temperature is, and it will monitor the temperatures for you. it will alert you when you're medium, well done, or rare—ing to go. not long later the steak is really well done indeed. i hope you like the nail varnish i had time to apply while waiting. coughs. now, from steak to chicken. stay with me on this. because dave lee has been touring silicon valley to look at how some tech professionals are choosing to unwind. across california there are as many as 60,000 chicken coops. lots of them are here in silicon valley. many are owned by techies because owning chickens has become something of a status symbol. down there is one, they have one as well. we will hear more from him later. now, i

from the treatment of migrants to freedom of expression to end to terra lowers on a stand outs of human rights across europe slipping this week on conflict zone my guest in vienna is michael o. flood director of the e.u. agency for fundamental rights that's he believes europe is doing all it can to protect human rights. and.

home to the terra cotta army and the center of chinese civilization during the tang dynasty home also to about sixty thousand ethnic chinese muslims. shia and boasts an islamic history of more than thirteen hundred years when islam was first introduced to china in six fifty a.d. by one of the prophet muhammad's companions she hands muslims are proud of their islamic history and their country's traditions. they have merged their own ancient chinese culture with islam remaining faithful to the central tenets of their religion. should coersion this realize there were many a genius just didn't do that to me and kosher. this is my paying. everyone in sheehan's muslim community knows him as he is one of ten in months at the most famous mosque in the city. he is also there has a religious teacher. this is mr and mrs giles are again a couple in their sixty's who have finally managed to save enough money to go on the has. they all belong to the muslim community of xiang. and since the fifteenth century their ancestors have been making their way to mecca in saudi arabia for the annual has pilgr

detained by armed police who rushed to the scene the suspect who is now in police custody on suspicion of terra fences has been identified as a twenty nine year old british citizen the head of the u.k.'s counter terror unit so as the suspect is not cooperating he is not believed to have been previously known to british intelligence and it is thought to be from the city of birmingham and the english midlands police are now searching three outer says in the region here's video of police responding to the incident. there are. times. to the westminster area. of parliament. this would normally be. very popular with tourists police have now lifted the. area. previous attacks are now considering closing the road outside parliament altogether. three people injured. injuries. and the government's emergency response committee. reports from. we are as close as physically possible to the houses of parliament that area is now cordoned off as you can see behind me while police now investigate what it is exactly that happens what we do know is about twenty minutes before eight in the morning what is being des

people have an opiate crisis and they're micro dosing right through to black people are strung out on terra and they're cracking animals then so that's the same again there's a way you practice on one population now it leads to the other problem in the meantime by slavery you know it's hard to compete for fair wages when you've got one population they could be owned by one and yet you're over here trying to figure out how to get your regular farms little companies are responsible for the opi crisis they ran out of people in the get out and mess up you know they had to go jump over to the white population to make money because they already messed up the black population pretty bad so they've got to jump over to the white population that's why we're all in the hood we're all blacks actually suppose he is black now talk about technology let's talk about this the technology at it as there's two schools of thought one is we heard safety in talk about his book to the bitcoin standard and it's a very western approach to money hard money and why bitcoin is a better source of money but in when i tal

nottingham after raids yesterday while work at a third address in birmingham is ongoing fulton in london, terraave rearrested salih khaterfor please say they have rearrested salih khater for attempted murder while they continue to ask what, if anything, was his motive. it's thought salih khater was known by police. he was not on the radar of uk intelligence or counterterrorism agencies. he's being held in a south london police station and suspicion of preparing an act of terrorism but was last night refusing to cooperate under questioning. the car was removed from the scene in the early hours this morning and all the cordons in the area have now been lifted. london's mayor has praised the work of the emergency services. tha nkfully the work of the emergency services. thankfully the injuries of the three people who sustained injuries are not too serious fulton clearly they are in our thoughts but the hard work done by the police and others, the incident wasn't as bad as it could have been. police say there is no reason to suggest they continued danger to the public after yesterday's incident but

on steel and aluminum tariffs on canada ninety nine point nine percent of all trade with canada was terra free thirty five of our states in the united states their number one export market is canada this is too important we create millions of jobs he got himself a motional in his relationship with trudeau and i think that he needs to step back a minute in and realize that this is the most important trading relationship the u.s. has and it's not just canada and the us donald trump has other trade wars going on which should be the priority as far as you can because you're concerned which country should be should he be focusing more on it's not canada and mexico as you say. the largest issue is china and i think everybody recognizes that and it's not just the deficit it's the protection of intellectual property and the entire working relationship with china needs to be the focus now fighting with your own allies in taking. you know tariffs with mexico and canada and then the you are you know mr directed i think and i think that fighting battles on multiple fronts on any whether militarily or

order now this new policy of independence is associated first and foremost with president reagan the terra there who judging from polls remains quite popular among your country man but as you yourself never tire of saying the philippines is a democracy and therefore can elect somebody with a totally different vision help us understand here how much of the current poster is tied directly to the president his personality and how much of it is institutionally driven that bill outlast him. well in the sense that president that that made no gave no illusions and during the campaign said this is how i'll treat china this is how i will treat the u.s. i don't want any one dictating upon the filipino people i'm accountable only to the philippine people so in that sense it's very institutional in the sense that it's very personal it's really the president under our constitution that dictates foreign policy but our constitution says independent foreign policy meaning a foreign policy for us but in the past we've always said whatever the u.s. or the west that's right for what is your sense of your own

people have opiate crisis and they're micro dosing right through to black people are strung out on terra and they're cracking animals then so that's the same again there's a way you practice on one population now it leads to the other problem in the meantime by slavery you know it's hard to compete for fair wages when you've got one population they could be owned by one and yet you're we're trying to figure out i think you're right on the farms that accompanies a response of the opi crisis they ran out of people in the ghetto to mess up you know they had to go jump over to the white population to make money because they already messed up the black population pretty bad so they've got to jump over to the white population that's why we're all in the hood we're all black sensuous to tell his black now talk about technology let's talk about this the technology at it at it there's two schools of thought one is we heard safety and talk about his book to the bitcoin standard and it's a very western approach to money hard money and why bitcoin is a better source of money but in when i talk to yo

if we get away from the level of things maybe disappointed to know that robert rodriguez going to terra to you know seen as independent filmmaker is not that much different really to the corporate film because not. you know they are there are men with power. and in fact. i would think the corporate ones might have more oversight but. their oversight committee was harvey weinstein. to which of course there was the powerful will say well justice was eventually people often have to just wait quietly and they had a hand and. quantum even so they all know you know he knew about me he said in an interview. you know they say the complicity machine is huge there. there's talk about an industrial complex is one of complicity. and it's one of continually protecting people that aren't even that great in the first place so they're not. just clean out the crap so great things can come just cut off the head of the rot and let other things florus because we know it's all there we've all worked in those places where it would be so great if it weren't for that one person get rid of that one person. the

let's look at another important country france the french emergency law has been replaced with the terra law the new legislation which went into effect last october gives security forces the authority to shut places of worship with out warrants that means without actual proof religious freedom is one of the most important principles of modern humanist societies how does this go hand in hand i think it's very important to speak with religious communities about that because again it's you it's not necessarily the law that's the problem it's the application of the law and we need to speak to them and listen to the extent to which there are practices that they consider violations of their rights and in that way we form a consensus about the actual practice of the government of the parliaments who are deciding these restrictions i once ran a human rights commission in an e.u. member state and i was i was struck by the extent to which it's not the face of the law that's a problem it's the way in which it's applied and the manner of which it's applied can violate a right as easily as be respect

conflict zone with me shall sleep on from the treatment of migrants to freedom of expression to enter terra looks hostile it's a human rights across through all slipping my guest in ghana is michael flood to direct talks between agencies folks condiment gods does he believe you up is doing oh it's ten to protect human rights conflicts so far in thirty minutes on the w. folks. i'm not proud of him they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of his dictatorship. taking a stand global news that matters d. w. made from minds. his creations are good for his brand stink of all colors got that high con of the fashion. look what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer who's going to some small towns cut off and start september not w. this is d.w. news live from berlin police in belarus arresting journalists is at the beginning of a media crackdown among those detained as did have your correspondent paul yet because h

on 7th, using a charcoal-colored terra cotta tile. looking at plan view, how you can see where the buildings are oriented, with the mid block, open space between them. on the ground level in red are your mechanical spaces, lobbies, bike parking. this is car-free, transit-oriented development. accordingly, we have bike parking easily accessible to both lobbies. residential areas are facing the mid-block courtyard and commercial space oriented to 7th street. 7th street. it has a ceiling height of 13 feet. on the second level, the pattern and 7th street building, three or four units of floor. we've got two 1-bedroom units. 7th street side, another two 1-bedroom units, but with nested bedrooms or a den. on 7th street, we have a townhouse unit with three bedrooms, connected to the ground floor. we've set back the lankton street building, 7 feet away from the neighboring live-work building and we did that to provide light on to a number of units that faced that deck. also pulling the building back as far as we could do the commons there. as

million percent by the end of the year the greek prime minister has officially declared an end to us terra tia's the nation exits the biggest international bailout in history alexis to process calls it a day of liberation and insists past mistakes will not be repeated since two thousand and ten degrees avoided bankruptcy through three hundred billion dollars in loans from the international monetary fund and the e.u. . a man suspected of being former a former nazi concentration camp guard has been deported from think ited states to germany the justice department says the active pauli served at a camp in nazi occupied poland during world war two while he lied about his job when he entered the us in one thousand nine hundred nine pictures obtained by a.b.c. news show the ninety five year old being wheeled from his new york home on a stretcher to the kremlin has denied accusations by global software giant microsoft that hackers are linked to the russian government try to attack political institutions in the u.s. microsoft says it took control of six web manes created to mimic websites belongin

but that area area is steep and accessible terra it has been challenging for the firefighters. >> containment nch fire went down overnight from 23 to 21%. 7 more home total to d business threatened. >>> call fire said that the car fire has burned through 255 square miles and nearly 1100 homes destroyed in shasta and trinity counties. it started two weeks ago. thousands of people remain under evacuation orders. the crews have the fire at 45 understand containment. the crews said they cannot estimate when it might be controlled. >>> speaking announcing that 200 active soldiers are goinggoing to be deployed to of wildfires keeps getting worse. crews in 7 days handle on out o massive amount of smoke is being generated. >> is this falling out of the sky right now. these are full size oak leaves of that been burnt. >> reporter: another big concern when to where host displaced resident. but many b&b people are housing them. >> room is here anyway. >> reporter: and the crews are not getting much help from mother nature. the hot, dry weather has been fueling the fires, expected to continue through aug

the service office provider said it has informed starwood, terra firma and tdr capital that it didn't believe they could recommend a price for shareholders they had a 33% drop in the first half and announced a share buy back program the dutch postal company has seen it's q2 operating income slide to 10 million euros. that's down from a year ago. they slow down and had possible changes in the dutch postal market are causing head winds. the company says 44% of its revenue year to date was generated from e-commerce now. no surprise there. right. so that is the first part of our show if you want to get in tough with us you can also see us directly and if you have earnings we want to hear from you. elsewhere coming up on the show, china slams trump's quote blackmail tariff tactics as authorities outline new plans for retaliation. more after this break. can be relentless. tremfya® is for adults with moderate to severe plaque psoriasis. i'm ready. with tremfya®, you can get clearer. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks.

regis informing starwood capital , terra firma capital partners they will not continue discussions regarding possible offers for the firm iwg. leastd interest from at six parties after a profit warning hit the share price at a time when companies are seeking more flexible leases like those offered like a working and offere office -- providers. shares did drop by 25%. i wanted to show you this chart, one of the rare precious metals , its price almost quadrupled in two years. ium is used in the chemical sector ending cars, a type product -- a byproduct. it has a history of large moves, as you can see in 1998 and moving up to 2008, having gained more than 1000% twice in the last 25 years. 90 minutes into the session. how is it looking? >> we are looking at small moves for the major averages. down, the s&p 500, the nasdaq gaining slightly after five up weeks for the dow and the s&p 500. the best winning streak on a weekly basis for those indices on the year. behind this, where coming out of the heart of earnings season. if we hop into the bloomberg, we can see what is going on. in 2000, we had 7

well apart from wanted to cher's around the caspian just also of terra in which even very easily visible in the satellite picture we still talk about a dry picture here but that streak of clouds coming out of the south of pakistan in toronto is a hint of i think a change in the type of weather in this part of the world but for the most part we're still talking about dry and dusty and hot forty nine has been observed again insurer's in the north secure way more typically the middle forty's for iraq and down through kuwait clearly it's cooler the further west you go but there's nothing in the sky which is watching dust but if the wind direction changes or the wind lightens as i think it will do down to the gulf in the next day or so humidity will tend to rise been remarkably low humidity this year for the gulf states which is unusual but forty two degrees north is grain is the hint is there all around through two u.e. and it could feel pretty sticky that it will find very much in the way of the sea so all those different daily drizzle for about three months until of the eighty's to souther

but he pulled out of the paris agreement and he pulled out of the iranian agreement and with the terra for has been started i know canada and fans on -- france picked a fight with him and he came right back at them that canadians have 140% tariff on american farm goods. and said you want to pick a fight? economy depends on us very heavily. so the french economy still performs an t8 has tried very hard to reform france but is having a hard time but the french people are not that thrilled about being reformed. but the railroad workers striking two days a week for months just to be a happy so imagine the chaos that. so then they decide they will lecture us on the economy. but trump understood something very profound from world war ii from 2016 we used the american economy toca prop up so if we needed your help so for a very long time it made perfect sense of the soviet union was our major competitor because we were half the world economy we are the one country that had not significant any and we could afford to be generous. over the last 25 years that has all disappeared we agreed to work

. >> reporter: david martin is president of terra group, a commercial and residential developer.a luxury waterfront condo and is building more next door he claims these towers will help protect miami from water >> we look at areas that are on the beach and along the coast we say how can we fortify these buildings? how can we create incremental tax revenues from these areas along the beach or along the coast and start reinvesting that incremental tax dollar into the infrastructure to make those neighborhoods more resilient >> reporter: miami is investing nearly 2$200 million into resilience, installing pump stations and upgrading its infrastructure miami beach is on track to spend twice that, raising sidewalks and seawalls the money is coming from new bonds. voters raising their own property taxes to protect their property but martin is also starting a new project here on much higher ground a 1$162 million residential and commercial development on five acres adjoining a metro rail station. >> are you hedging your bets >> i think there's opportunities in both areas. >> reporter: wh