you want in your you want to buy a home in shanghai you have to be from shanghai so there is a lot of strictures not just to stop people from all over speculating in homes so i don't really see it as a bubble as yet most people in chinese in particular plan to buy homes and own them for decades and decades and give them to their children as opposed to the flipping and using homes as a is a speculative more vehicle like like found in united states ok so i guess the the idea here is that what people are used to is that a developer will build five or ten homes and and they are looking to expand their residential property portfolio and then they go out and they market the silence but in china they build entire cities on the same concept and then they fill up the entire cities ok now let's talk about the environment in china they've had some environmental disasters and they're starting to cost as much as the economy is producing. this is a hard ceiling for economic growth in china they found heavy metals of the soil covering large swathes of the arable land so this is the detritus of indus

you had your own experience with all that didn't you didn't you spend all your money in shanghai more or less. that's why i'm going to spend it now. to give us book the most expensive hotels. but the most expensive restaurants. are terrible picture. i just like your joke. is a great artist. but i don't think it's a con man award. like the painting just trying to give anything to the person. i asked him to buy tea for the painting he seemed to understand. but then he went away. it's a tough job you have to take a risk just to get some food it's not difficult it's just not the way usually do things so how do you do. together. you have to plan it all in advance a friend so you ask me may the board you ask me to make a port that i made that i ask. for this where is my eighty. four port it was this i made it. it's for gifts not for free. sure you get used to people's attention very quickly the people around me usually help organize it all but nobody knows me so things are a bit different. i don't know what it means to escape from yourself quite the opposite i am trying to find myself and i

while travelling in china i went to shanghai i felt i could live there it was the moment the project actually started a russian girl living on the floor below me was going to leave. one day i came to see her and noticed an easel there i was looking for one of the time. so i asked her to sell it to me but she didn't want to do that but it was a friend's gift apparently. that is why i offered to swap for it instead i gave her a painting in exchange for the easel it was my first barter so good when i got the idea to organize it as an art project and. i started to get letters which. one of them was from a couple that was going to get married and wanted that kind of portrayed as a wedding present for themselves. but i had already left odessa so they're asked if i could do it over skype story just because they told me they could give me all i need for my travel in return. so i asked if they could pay for the tickets from a deficit to stumble they agreed and as a result we had a skype portrait session now and waiting on the tickets. if i decided to take annie as a hostage and go together to

traded on the the shanghai gold exchange so they hope they are moving their gold from the london standard to the new better standard because london bars are nine nine five so it is less pure than the new standard which the chinese use for their deliveries. so they are now in the process of grading the standard by recasting this coming out of switzerland and going through the middle east where basically what they're doing is as i understand it is they're sending a four hundred ounce bars over getting in reprocessed and then taking back into their own storage these one the one kilo bus what does this tell you well it's it's very very interesting one can only suppose that actually what the arab community and by this i mean saudi arabia and what i would call the playboy states around the gulf. looking for something which is more liquid than those four hundred dollars balls right now we all know that the has been a bit of a fall out between saudi arabia in particular and america over first of all barak who they didn't support and so. it was syria where the americans backed off and then the las

suspended from demonstrations opponents fear the company would resort to fracking to access the gas held in shanghai rock just to say the technique causes environmental damage and can even trigger small scale earthquakes. the. north and south korea plan to resume reunions for families separated since the war of nineteen fifties the program suspended three years ago out of hong on stage two or three attacks that were left in the south is another sign of tension easing between the two countries which comes off the recent agreement to reopen a joint industrial park. and reports recently leaked to the newspaper der spiegel have revealed that greece may soon need a third bailout german opposition parties immediately accuse chancellor angela merkel of not telling the truth about the real situation in the southern european country or political disputes are as nothing compared to day to day problems faced by greeks themselves sorties ago personal reports it's not only adults who are suffering from the country's ravaged economy. another employed single mother has been dealing with what any loving parent woul

next and won his first match in the chinese super league after his new side going to our own death the shanghai shenzhen to military on the sixty five year old is also set to face former italy boss marcelo licky in doggie matches as the world cup winning coach now manages to tie reigning champions of a ground. while back in europe that fall with details was presented as the new coach of last season syria and runners up napoli the fifty three year old former liverpool and into milan boss returns to italy after leading chelsea to their europa league triumph as interim manager and the spaniard has his hands full with tackling the future of striker edinson cavani after manchester city refused to fork out eighty three million dollars for the year ago i started. from coaches to players and former russia captain and now shaaban is about to complete his returns as in it's a petersburg on a two year deal after his contract ended with arsenal what is a need will gain almost twenty million dollars after selling midfield captain igor denise off to coast city. last year the twenty nine year old was sent as

economic downturn the find out one day the new york shanghai and the rest of life doing the case will be every week on me. or not so i go to an octave camp on a motorway where patients are forced by the moment or i'm out of the worst right never turned the world's attention to the place that some jobs gulag marks mines. powerful twin blasts are trying to accomplish something republican doug is stalin killing one passenger and leaving several injured. souls while n.s.a. reform grows louder among washington's political elite but intelligence chiefs remain defiant warning of drastic consequences of the spying program is tailored to . independence all security in london threatens to deny access to its intelligence services its copeland of was yes just separation from the united kingdom. and canadians get the bust of a bitcoin a.t.m. swapping did show codes for cash look at why global users attending to the stable sign the currency.

economic up and downs in the find out all day long to do your shanghai and the rest of life during the case you will be every week along. with. them if you. are going to take three. or. three. three stooges free. download free blanquita cullum video for your media project a free media oh god our t.v. dot com. the last few weeks have inflicted completely unnecessary damage on our cars. the us government shutdown ends with a temporary deal but seeing an economic default get some a still concerned a collapse has simply been delayed. closely and. they fear over a chinese new austerity loaded vondra that spills over as protesters in rome take on the police pulling muscle on to government run is across the states. japanese authorities a race against the arabs some to serious public see is founded by a french radiation leak of this edition of a popular. does the detainee hunger strike of the god tunnel babe.

fled up the fees are the images the world has been seeing from the streets of canada after the first shanghai for a shelter the day please. right . first street. and i were being put. on our reporters were very. instrumental. my brother in law. the boiling pot racial emotions run high apostle marco with mass protests and dozens of cities after the killing of a black teenager walks free. convicted to bailed but unbowed russian opposition activist alex saying they've all made awaits his appeal against a five year prison term for stealing one million dollars. egypt's begins reworking its constitution after another week of deadly strife between the packers and the opponents of the deposed islamist president mohamed morsi. and turkey allegedly led to israel use one of its military bases for a recent attack on syria that's according to our chief source but anchor of firmly denies that plane.

economic up and downs and the find out all day long to do your shanghai and the rest of the life it's going be a few will be everything we can all thank. you. my dear dear diary i am so happy. this is been the best summer of my life. i am a student now and i'm going to the village with mom we will have strawberries and see on the terrace i'm taking my favorite guitar. wouldn't suit her full summers what a wonderful life is waiting for me. you bet on. the chinese friends made me a guitar hold on the stimulus that is so i started playing the seven string guitar or i played it quite well he played it well to some level that i started when i was about ten years old tears falling to. the some in the park it was a sunny day she was too shy to approach me i saw him in the corner of my eye there was some sentimental song playing in my mind i'm trying to remember it now but i can't something sad for some reason maybe it's because i'm leaving the city for the whole summer and won't see him until lot of people was staring at a. drawing a picture. making jam nobody expected it to end that way thr

if you refuse economic up downs in the find out all day long to do your shanghai and the rest because like doing the case you will be if we can all. be a burglar and social science center just published a study suggesting that two thirds of muslims in western europe hold their religious roles of all the laws of the countries that believe that if you read the bible if you get if you go into christianity you find the sentence that you should obey god more than caesar. means religious will more important and higher more convincing those of the students of the very same thing that is now referred to the muslims. why is the price of gold so high. demand global demand do you think oldest money. know the value of the only place we have to live of the water that we need to survive it's not compared to i mean gold we're not going to eat gold we're not going to bait with gold. we're not going to drink up what clearly what amal is and is in a desperate economic situation absolutely right what we're running to do is say they're for any kind of economic development from the outside is going to be

the deal shanghai and the rest. will be if we. meanwhile in vietnam call count the former general director of bank financial faces the death penalty for embezzling five hundred thirty three billion dollars. that's about twenty five million dollars jumpshot survive on cox and now also this week a former u.s. senators are going faster complaining or committing some horrific deadly money printing since many more dogs than five hundred thirty billion were embezzled from the american people according to andrew hoods our good minute to a gruesome bond buying spree that had financially butchered main street america their bloated carcasses fed to the gluttonous money changers and derivative devils on wall street i'm sorry said the repent of quantitative easing are all. americans also came up with another reason to reach a democracy people wanting to be listening to people wanting to be free you reach is also you know part of the message of they have revolution. to use. these. push you create the conditions. when the much destruction. in t

psychologists and let's just look at it from a couple of different ways here when i visit my office in shanghai. i'm guessing that a third of my him please still live at home. they live with their with their families which means. is that everything that i am paying them is discretionary income if i visit my offices in new york nobody who works in my office at that same age is living at home meaning that they have to pay rent they have to pay for their own maintenance one of the issues of modern consumption is that it is often driven by housing. and that if you go to india and china where living unit is very different than it is in north america part of what it does is put discretionary expand the church in the hands of a younger time sooner who doesn't have to pay for your costs that same customer in the west would have to spend. income is also lower the price of the brands that you may be after is comparable to that one . oh and this is part of what is a very interesting challenge for a chinese merchant or a bro zillion merchant is knowing that that middle class customer is questioning the fac

website registered as a subsidiary of china mobile in shoes you know shoes who is a city just west of shanghai and has over five million people living there it's also one of the richest cities in china making i phones more appealing to the market there as well and china mobile has over seven hundred million subscribers it's quite a few. well there you have it those are have lives for today as always we'll be tracking these stories and keeping you posted on all the latest. joining me now is economist journalist author and former assistant treasury secretary mr paul craig roberts mr roberts how are you doing today i'm just going to you're going to now i want to start off by asking you it was recently announced that timothy geithner former secretary of the treasury and new york fed president he's moving to a lucrative job at private equity firm warburg pincus is this move unexpected to you know of course not. the bank should always take care of those. now during gardner's time at the treasury he went to great lengths to let people know that he was a life long civil servant i have covered during t

economic up and downs in the final months days the london new york shanghai and the rest that life will be taking will be every week a month a. landmark unity on syria the u.n. security council adopts a resolution to rid the war torn country of its chemical weapons after weeks of intense talks the first major diplomatic breakthrough in years. the tars right to host the two thousand and twenty two world cup is question following reports of the abuse and deaths of migrants working to build new facilities and conditions some are comparing to slavery. hands with british public weary of warfare and coffins returning from the battlefield the government seeks ways to win support for future campaigns without breaking the nation.

with the economic downturn in the final months the love of the deal shanghai and the rest of life until you meet a few will be if we. know c.n.n. the m s n b c news have taken some slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's closer to the truth and might think. it's because one hundred ten. and the mainstream media works side by side the joke is actually on here. and our teen years we have a different. oh because the news of the world just is not this funny i'm not laughing dammit i'm not how. you guys talk to the jokes will handle them. right to see. first street. and i think the church. on our reporters twitter. and instagram. be in the. end. with enough police found and his friend raul you're supposed in a rented apartment in this building will be authorities announced they died of cholera monoxide poisoning were however they were just scrap and sees in the official version. what did the fingerprints of the deceased would not discovered in the apartment i knew suppose was m

economic up downs in the final months stay that long to do your shanghai and the rest because it's a neat case you believe if we need. these locals have been braving the elements in order to stand up to us oil giants chevron . this comes after a massive hunger strike that returned the world's attention to the place that sums up jobs the gulag of our times. is an undeclared global battlefield in which again and is just one of the front lines. that is the. syrian and international chemical experts converge in moscow to discuss how damascus can get its toxic arsenal out of the country a condition that prevented an american strike in the war torn state that's among the stories that made the year two thousand and thirteen. huge car blast rips through central beirut killing a former finance minister and several others as violence continues to spill over into lebanon from the civil war in neighboring syria. and the british economy could lead passed a sluggish germany within the next two decades a new forecast but for those who are not part of the affluent elite there is little cause to cele

of our country if we didn't pass this bill we could find london or frankfurt or years down the road shanghai becoming the financial capital of the world. now that the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes this competitiveness is a feel good word that actually means exporting american jobs but it could also mean regulatory arbitrage not only between different countries but even in the states that we have them right yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if you don