u.k. house of lords thank you. in france thousands of workers are blockading a poser car plant against the closure of a subsidiary parts maker police have been deployed there amid rising tensions along this shot at the ski in paris well the reason the jessamine workers are blocking this particular factory which is owned by p.s. in a is because it makes persia and cause and is one of the people that buy parts from g.s. and then jesselyn workers of saying that isn't giving it another support to keep it open factory open to all in lawsuit top ten now we have seen quite muscular divisions and tensions today as the c r s this is the french special sources have come in to actually remove some of those workers from blockading the site and some of the tensions have been popping there these guys are unhappy more than unhappy and that's because their own factory down in lhasa to any of the city to was in central france has been in liquidation and closure since december two thousand and sixteen and they say that taking the fig

with the selection of planes and helicopters the military hardware will also be used in joint operations with the south korean navy lord knows iraq made a member of the u.k.'s house of lords whoever believes such support is counter productive i think this is not going to help peace on the korean peninsula because they didn't need to be a diplomatic solution i think president putin is absolutely right and i think chinese are also looking for a diplomatic solution rather than raising tension militarily because the more we've seen in recent years the mall military threats or rhetoric that is coming out of washington or south korea the response from the other side is not getting any we could at all and you know there are limited options that you can do and when you see country like north korea with nuclear weapons and all saw weapons capable of carrying these. huge bombs then i think that people diplomats need to find a solution rather than military exploring the other options open to donald trump when it comes to north korea here snooty richard are. the u.s. and north korea stuck in a behavioral rut neither seem willing to back down it looks so bad you might think a

u.k. house of lords and professor and political -- fellow of the british academy. joe: welcome. great to have you on set. >> very nice to be here. joe: i thought it were celebrating 28 of independence and my first thought was we think of independence as a core aspect of modern central banking but 20 years is not a very long time. it is pretty recent. what have we learned during that time in terms of what independence means for the functioning of the central bank? >> the independent central banks were set up for two reasons. take as much economic policy as possible out of the hands of those votes seeking politicians and the other is a way of controlling inflation. that was a big problem. they came together in the idea that central banks should have control over interest rates and governments except inflation targets and leave it to central banks to hit the target by manipulating interest rate policy and for a time, it all seemed to be going very well and a lot of people said it was indisputable that the low inflation of the 1980's the years leading up to the great recession was d