question will be put to a referendum on june tenth and as i said they voted against it max but martin wolf at the f.t. is with out with an endorsement today i'm curious terms saying that finance needs to change and experiments he says banks have lost the right to be arbiters of money quote the advantage of the vogels proposal is that it is a credible experiment in the direction of separating the safety rightly demanded of money from the risk bearing expected of private banks with money and ambiguously safe it would be far easier to let risk taking institutions bear the full consequences of their failure to write well in america there is the glass steagall act that was came in after the crash of one nine hundred twenty nine and the resulting in the depression and the securities act of thirty three and thirty four were introduced in glass steagall were introduced to separate banks. activity as guardians of people's wealth yes and their cause it's their deposits from their speculative behavior merchant banking and i don't know speculative behaviors so they had to separate these two but then t

insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central bank at zero percent and then lend to us like ten. why is he making this converging convergence why is he coming to damascus why is he coming to the holy land well if you're i was financially because he's being pressured by a big coin yeah i understand we're going to get are a bit more of what we're going to get to that in a second but i want to finish up on the smartwatch story because the fact is when when banks are lending money and creating money in the u.k. i know for a fact that eighty five percent of all their loans are against mortgages and gets properties so think about destabilization in our western economies in america san francisco los angeles new york all the whole this problem portland seattle it's all lend it's on property

insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central bank at zero percent and then lend to us like ten. why is he making this converging convergence why is he coming to damascus why is he coming to the holy land well if you're i was financially because he's being pressured by a big coin yeah i understand we're going to call it what we're going to get to that in a second but i want to finish up on the smartwatch story because the fact is when when banks are lending money and creating money in the u.k. i know for a fact that eighty five percent of all their loans are against mortgages that gets property so think about the destabilization in our western economies in america san francisco los angeles new york all the homeless problem portland seattle it's all lend it's on property. backed by th

insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central bank at zero percent and then lend to us. why is he making this converging convergence why is he coming to damascus why is he coming to the holy land well if you're as you might actually because he's being pressured by a bit coin yeah i understand we're going to answer a bit more of what we're going to get to that in a second but i want to finish up on the smartwatch story because the fact is when said when banks are lending money and creating money in the u.k. i know for a fact that eighty five percent of all their loans are against mortgages of its properties so think about the destabilization in our western economies in america san francisco los angeles new york on the whole this problem portland seattle it's all lend it's on property

wolf. he leads the full life of your typical scandinavian detective. he has a dog called martinwolf and his lip—reading dog. yes, thank you. alexander mccall smith, thank you very much. thank you very much indeed. applause good afternoon. weather patterns across the uk are stocked in repeat. if it's across the uk are stocked in repeat. if it‘s sunshine you‘re after its sunshine you‘ll continue to get. most of us have seen temperatures in excess most of us have seen temperatures in excess of 30 degrees. it has been hot and sunny and i suspect for the rest of the day with hardly a cloud in the sky, somewhere will see temperatures around 30 again. favoured spots likely to be across north wales and parts of the midlands. as we go through the evening we continue to see those clear scott. wind direction changing —— to see those clear skies. there will be some humidity, a little more uncomfortable at night. the risk of a few thundery downpours developing in the south west during the early hours of sunday morning. around 15-16 in hours of sunday morning. around 15—16 in central and sout

robots can't compete with: a hippie artist collective called meow wolf that became a biness, convinced "game of thrones" creator george r.r. martina defunct bowling alley and lease it to them, and converted it into, well-- something hard to describe, or sometimes, even to see. >> so this is the laser harp. and this is the sort of ethereal zone that is between life and death. >> reporter: there's no map, no g.p.s., just room after room of you-figure-it-out fantasy. >> here's that aquarium you saw when you were inside the house. and now you're inside of it. >> reporter: this is like v iirtual reality, excepts actual reality. >> right. it's virtually actual reality. ♪ ♪ > i> reporter: thartwork designed and crafted by more than 150 artists, many of them myeillennials, like the 3- old c.e.o., who started off as an artist himself, switched tr. deal-ma >> i learned some basic business aspects, and i figured out what debt meant... >> reporter: did that come as a shock?ng >> it was amao me. lthike, i grew up thinkin debt was this big, evil thing. our it's like, you fall into debt, and you spend the rest of your life trying to get out of