More and more people are deserting rural areas for life in cities looking for jobs, educational opportunities, and inspiration. All want a decent place to live and thats the problem. Good locations are in high demand, and prices are steep. Germanys most expensive city is munich. Apartments in the center fetch over 9200 euros a square meter. And in other countries, prices are even higher. In new york, for example, apartments can cost a whopping 11,000 a square meter. The three most expensive cities are london, at over 15,000 euros a square meter. Singapore, which is even pricier. And hong kong tops the list. Flats there can cost an astronomical 21,700 euros per square meter, which leads to harsh Living Conditions for the poor. Reporter their home is a cage seven men live in a single room in bitter poverty. They often dont have enough money for three meals a day. Mr. Leung shows us where hes been living for years. He gets about 500 euros in welfare every month nearly half of which he spe
Theres very little room for the more than seven million residents. But there are plenty of buyers for luxury apartments a profitable business for real estate companies. Buying an apartment is barely affordable even for the middle class its long been the norm for them to spend half their income on rent or a mortgage. For many, hong kong is a housing nightmare. Because of her efforts to help, today shes visiting the home of 13yearold chak ming. Owners here have subdivided many of the apartments into minilodgings, known as shoeboxes. With just a parttime job and welfare, all this mother and child can afford are about twoandahalf square meters, with a bunk bed and a small table. The mother cries a lot, and wishes she could provide Something Better for her son. Our apartment should really be big enough so that my son and i can move around freely. Here, its so small that we can only enter the room one at a time. Reporter chak ming wont tell his classmates how he lives hes too ashamed. Most p
Welcome to Al Jazeera America on this thursday morning. Good to have you with us. Im Thomas Drayton. We begin with the Prime Minister of turkey facing calls to resign. After a corruption Investigation Force the him to shake up his cabinet. The mood comes from the meals of highprofile resignation. Police use tear gas and water canons on protesters who took to the streets, demanding that the Prime Minister step down. Recep Tayyip Erdogan is facing a lot of pressure. Hours after three senior cabinet ministers resigned over a Corruption Scandal. It was announced a major cabinet restructure replacing 10 of his ministers. Translation some of the ministers asked to resign because of ongoing developments and some quit as they contest the elections. Some of the changes are my j earlier interior minister armando gulouza, and economy commirns Zafer Caglayan resigned. But a third erdofrksan bayraktar announced his resignation on local television. He asked recep Tayyip Erdogan to resign, a call the
Hello welcome to al jazeera america. Im Thomas Drayton. First a look at the update economy. The retail season spurred sales, the highest in three years. A Bright Outlook on the jobs front. More americans stayed employed. Jobless claims fell by 42,000 last week. Encouraging news for traders as they headed back to work after the christmas holiday. The stock market continued its climb with the dow hitting on alltime high. Is the economy on track . Here is what economist Mark Lieberman had to say. We says hurdles going forward. At the end of the month 2. 5 Million People go off unemployment insurance. The program will end. Thats money spent. Its spent every day by every recipient. Plus the jobs have not necessarily been the higher paying jobs. In october, for example, half the jobs created were in the Retail Sector or a hotel tore restaurant personnel. Not career jobs or the best paying jobs. The best thing we can say about the economy is its improving. There wont be a particular date that