This is real money, you are the most important part of the show. Tell me whats on your mind by europes economies are stumbling. We care, because the European Union is the United States biggest trading partner. The u. S. Exported, sold, 262 billion worth of goods and services to the e. U. Bloc. We imported more 385 billion in goods and services. Any economic stall in europe gets felt by americans. There is a bright spot. And that is the u. K. The british economy is growing faster than its continental neighbours. Germany, the biggest economy in europe, has been the engine of growth. Many wonder if the u. K. Will one day overshadow it. Reporter its gone from lagered to leader. The u. K. s economy is growing has it european neighbours stall. The g. D. P. Was 3. 2 higher in the Second Quarter compared to a year ago. That was the best performance in more than six years. Unemployment rates have dropped to 6. 4 from a high of 8. 4 . But the u. K. s recovering has been slower than germany and trans. The financial crisis took a heavy toll, shringing by 7 . We didnt see growth until two years ago. Since then the u. K. Grew rapidly. Its beyond germany in terms of growth since the start of the financial crisis. Among the factors credited for fuelling growth in the u. K. Are cheap money, a booming Housing Market and a weaker currency that helps u. K. Exports stay competitive. Growth is weak, and a slowdown poses a threat to the u. K. , since it exports goods to the eurozone. Growth is expected to continue. The u. K. Can do well obvious the next few years. Germany is bigger in terms of economic sense. Its 1020 larger in terms of sizes and economy versus the u. K. But that is going to change over the next 20 years. Thats because of demographic shift. The uks population is grow, thanks to a rapid birth rate and is expected to eclipse germanys population in the future. Now, im always curious about why some big industrialized economies grow faster that others. I wonder what lessons we in america can learn. I explored that with jay bryson, a global economist. I arrived what is going on in the u. K. That is not happening in germany. You have positive population growth in the u. K. You dont in germany. Germany topped out and is heading down. You look at the United States. We continue to have positive population growth. The u. K. , relative to germany, is a flexible economy. A lot of people speak english, and with the economy booming its attracting more immigration. They are lessons that we dont really have to learn too much about. We speak english, and have a growing population. Those are things that are good for the economy in the long run. If you want to use the example of where population growth is a real problem, you go to japan, where they dont have population growth. Thats a conundrum for them getting out of economic problems. If democratic projections come to pass, the japanese economy, in terms of population goes down about 30 over the next few decades. They have longterm changes as it relates to the growth and size of their economy. Here in the United States we are worried about wage growth. Its been beating inflation by a little bit. In the United States you have in the u. K. You have a situation where wage growth in some cases has not kept pace with the cost of living. Is that a danger . It is. What has happened in the u. K. Over the last few years, two years specifically, is Consumer Spending growth has been strong. What has happened is theyve been able to finance that by bringing their Savings Rates down. It spiked up after the Global Financial crisis and has a ways to come down. If wages dont start growing there over time, and inflation is positive, you know, bringing down the savings rate is not sustainable. The Labour Market is tightening. We expect to see positive wam growth, but thats a wage growth, but thats a forecast that hasnt happened yet. When europe came together as the eurozone. Europe has a special relationship, they have the trade and business without the currencies, without the euro. David cameron offered to apiece hardliners, a referendum about getting out of europe as a whole. Do you think thats likely . What impact would that have on britains economy. It would be interesting to see what happens. Theres an election next year. If the conservatives return to power, David Cameron pledged to bring about this referendum, probably by 2017 for so. It will depend on politics in the next three years. If they get out of the e. U. , it will raise a lot of question marks about businesses, what does this mean. Now we have freed trade in goods and movement of people. Will that continue. If we get out. Will it be rescinded. Uncertainty for business is never a good thing. I would thing if the referendum comes to pass, youll see uncertainty in britain, and that could cause the economy to slowdown. Well watch it closely. Thank you for joining us. Jay bryson, a global economist. Next, the big City School District that can barely afford to open this fall. We look at the financial trouble facing philadelphias schools. Our government is allowing an invasion our most acclaimed series. Back to back to back. Toughest place. I call that a lot of hard work for next to nothing the system. A Justice System run by human beings can run off the rails and borderland. A lot aof people havent got a clue what goes on near the border Al Jazeera America presents labor day marathons this is not over. This show looks hard at philadelphias shrinking tax base, and how it effects the city. The School System is an example. The city is strapped for cash the city looked at delaying classes. We are talking about the 8th largest School System. Fortunately the superintendent decided to start on september 8th. Therell be 32 million in cuts to avoid layoffs. Buses will no longer be provided to High School Students within two miles of the school. Buildings will not be filled and unfilled School Safety officer positions will be vacant, because of an 81 billion shortfall. Philly is hoping a 2 cigarette tax may fill the rest of the budget hole. It comes on top of 5,000 job losses and the closing of 30 schools. Damon williams is the politics and pub lisy reporter at the tribune, he says fixing the School System has to be a priority. Education comes first, and it has longrange implications for the citys economy, that the educators and politicians must focus on education before job creation, and before even safety. Education has to be the priority. The good news, as you mentioned, is that the schools are opening the the bad news is once again its another round of cuts, and the students of philadelphia will not be educated to the proper means that politicians and educators. I love filly, as you know, i am on may way there tonight. I live there part of the time. I want to always be positive. I want to say great things. I recited the litany of stuff in the Education System before i came to you. Its hard to wonder how this gets better. Tell me in your view, how bad this is . I talked to people, to educators in the Public Sector and the Charter School arena. They say its the worst its been in the last 40 years. The quality of education, and the dearth of services are unseen by many veteran politicians and educators, they go back to the integration movements to find a worse time than what you find now in philadelphia. Thats the way that things are here. Its a bleak outlook. Politicians are grasping at straws, hoping that the 2 per pack cigarette tax comes through in time. We heard every week the General Assembly hasnt passed, 1. 3 million is taking away from the fund that would come from the cigarette tax. The more time they waste. 2 tax will it stop people from smoking. Will it help enough . The politicians say that can bring in an extra 90 million in annual funding to the School District, covering the 81 million budget deficit. Make no mistake, philadelphia and the state needs to come up with a better per pupil funding formula. Let me arriving you this will this push people into Charter Schools. I dont have anything against Charter Schools, some do a fantastic job, but the danger is it takes the light from the problems in Public Schools and doesnt get them fixed sometimes. People belief that, but what is a myth. The funding for the Charter School comes out of the budget for the philadelphia School District. So if the philadelphia School District will have shrinking fund, thats the Charter Schools will have shrinking funds. They have the edge on Public Schools because they are about safety, funding comes out of the pockets of the School District of philadelphia. A pleasure to talk to you, thank you for being with us tonight. Thank you for having me. David williams, a reporter with the philadelphia tribunal un. We have been following the lives of three families as part of or series americas middle class rebuilding the dream, its good and bad news for the Williams Family. Stephanie williams landed a higher paying job coaching teachers and prisons pals in the chicago district. To get the job she had to agree to move the family of six from the suburb to chicago. The Williams House is under water is the problem. Meaning its worth less. The Williams Family found a duplex apartment in chicago, that is large are, newer and in better shape than their hour, they are looking forward to the transition of being home owners to representers. Coming up. Apartments made from shipping containers next on real money. Millions of young people in this country are anxious to get out of their parents homes and live on their home. Low wages and high rents keep many with mum and dad. Some developers and architects are turning to shipping containers. A trend popular in europe is spreading. A new shipping container apart. Building is being built near the white house. Reporter take a short drive to washington, and you come across an Apartment Building that doesnt fit in yet. Its cua, built of used shipping containers. Project architect kelly davis and travis price. A lot of People Like Us were stuck for rent. The goal was to have their own bathroom, had place to get away but a living, kitchen, common area to hang out in. The threestory building has a one sixth bedroom apartment. When complete. 18 people live, one person per container and bathroom. If i build this with brick, i would be in the 200s per scare foot. Im in the hundreds. Thats a game changer. It can offset. Containers, second hand, can cost as little as 2,000. Add to that a glut of inventory. More than 700,000 are empty. Its cheaper to build a new one in china than to send it back empty. This is the yard where the Developers Brought the containers. They are tacked in threes. On ships they are sixes and higher, making them attractive for develops. Shipping containers have been used for Residential Construction around the world. This is in australia. In england you can barely tell this 4storey building is made of containers. Another in amsterdam. Shipping container living is gaining momentum from homes in mexico to brooklyn and new york, and upscale communities are welcoming them. This luxury beach home is constructed from shipping containers in the hamptons. I believe its a billion dollar market. They are everywhere. Everyone uses them for, you name it, houses, garages for the backyard. Sheds. Are the equipment metal boxes suitable for longterm living. Each bedroom is 8 feet wide and 8 feet long with large window to give the small face a bigger feel it fits a twin size beds, rooms are represented with size appropriate furniture. Ill have a bed, a desk, a large closet that is mirrored and that will be solid glass with a great view. The center of each apartment with a shared kitchen and common area, will have walls and glass that flood with light, designed to lower electricity costs. The notice will have modern finishes. After the building is insulated little of the steel will be visible. Therell be reminders that this is a steal box. Take the wooden floors. Well sand it and refinish it. This is the tongue, the sealed tongue of the container but on to the 18 wheeler for trafficking. Well paint each the colour of the container. Before anyone can live, d. C. Building inspectors must certify them suitable. Most of these have been rented to the student at the catholic university. Meanwhile there are more inquiries around the country anxious to bring this type of living to a city near you. One we were, abebu architecture, is designing a hotel. If you dont live in them, you may vacation in one. Dont expect everyone to celebrate the arrival of shipping containers posing as apartments. Elliott issen berg is from the National Association of Home Builders and an economist and bloggist at craft and laugh. They are a little small, but with creative efforts and a murphy bed everything works. What is the downside . I expected to see things that look like the shipping containers i see out by the port of newark. These look architecturally interesting. I see why theres appeal. There is appeal. They can go up quickly. A cool part is you can bolt on more parts. Lets say you are a husband and wife and you have no kids and you get tripmentsmen, you can b you need it. What is the criticism of them . As much as you try to make them look nice, they are not going to last as well, theyll start to rust. Neighbours will not like them. That will lead to people revoling, neighbour highlights reveldting saying we are not going to allow them, well forbid them like they do manufactured housing or mod u lars. Why are these permitted when you cant do that. If you look at faster, more efficient ways to create housing, there are other ways of creating housing. We dont allow mobile homes into neighbourhoods, why is this an exception. At one level they havent been prohibited. They are so new the laws have not caught up. I hope they dont catch up. Its a great idea. It some go south, and one neighbourhood has a bad experience, and you can blog or google new home and, you know, this type of construction materials, suddenly people will go woe, lets pass quick ordinances. That will be bad. We know we have a problem with household formation, as the kids dont get good paying drugs or higher unemployment rate, they choose to stay at home, that means all the things involved with owning a home are not done, affecting the economy. However, if you move into a container, you are not doing the things that you would do if you move into a home. Is it a good step towards remedying our drop in household formation. Its a step in the right direction. Its not a solution. Lets say we build 10,000 unit a year like this. This is a partial solution. Theres multi family instruction, in some cases smallest houses. This is a solution. It should be allowed to continue. Lets see where it goes and flourishes. Is there good costs savings, is it it something people should take seriously. Anything built off site will save 510 because of efficiencies and savings. These are smaller, but they cost 60, 70, 80 bucks a foot. Thats half the price of a new home. Theres a speed to the construction. With where we are in the economy, speed to construction is not as apparent as in 2004 and 2005 when Home Builders couldnt build houses fast enough. And Interest Rates were lower, but its part of the story. Good to talk you, thank you for joining us. A senior economist at the National Association of Home Builders. This week marked an important milestone at Al Jazeera America. It was our one year anniversary, from the beginning our mission has been to provide you with real news to cover the most important stories in a way never done, with facts, perspective and objectivesy. We think we are on our way to accomplishing our goal. Like a start up we have run into changes, but we think we have come a long way in a short time and plan to get better. Here is a look at what we have done in the past year. The middle class is in crisis. Access to care and primary conditions, these are the big considerations that people out here are confronted with. [ explosion ]. They attacked us 25 feet from where people live. Detroit across the river, its windsor canada. The pager jet carried 225 passengers and crew members. Which do you like, what do you use . Circular is how we can reuse the system. Farmers are switching to robots to milk cows, not because they want a better lifestyle, they have a hard time to find workers. Lets ask about the nobel prize, when did you photocopied ou and has it sunk in . I found out this morning as i got out of the shower. I remember parking that car, and i remember pumping in with the card for my first time and it felt good. In times where we are not growing as fast as wed like to be, which road should we go down. Look at the top 1 of americans, after tax income jumped more than 200 . High frequency trading so fast its not measured in seconds, but milliseconds. Im bald and you are rich. You are the second guy we met. Im going to talk about the food that black south africansate in the old days before mandela and eat today. Why did americans think it was okay to support the apartheid government. The Antiapartheid Movement was supported by the economy. We are not talking about movies, we are talking about the book i got schooled. Challenges that the inner city has are different, than the ones schools have. Young people are racking up 11,000 more in debt than kids from lower income families. The ability to create is a powerful thing that can happen. You tried to get through my thick skull the concept of the everything. Until you and i watch it signed by the president. We are not believing it. Is ford collecting data on me . Absolutely not. Threequarters of the cost at the pump is related to the price of oil. We dont drink the water here. What is the problem, what will to do to us . Im going without basic needs being met. You think everyone can do better. Everyone can do something. They are stacking things on shifts. Making them attractive for Apartment Buildings. You think the next head of nissan should be japanese. How do you feel about this. How long will you do it . Hopefully today is my last day. If you like what we have done so par, wait until you see next years reel. Thats our show for today. Im ali velshi, thank you for joining us. Italy. Hello. I am richard ginsburg. You are at the listening post. Hot august night in missouri. Coverage, mainstream, social media and an american journalist pays for the fighting between the u. S. And the Islamic State with his life and the news media in hong kong where the journalism is looking more and