that that joke about what holds up the world infinite regress now had we gone to the bank or with keynes after world war two what would the world be like today in your view because is it was it just going to go to a purely fiat's system right after world war two or was we missed during the interim so actually quoted as saying that that we will live to regret the. choice and his main argument is that you should not use a specific nation currency as the world international reserve currency because that would give an unfair advantage to the east sure of that currency and i think he was right and if we wouldn't take that route then we would have a much more balanced international reserve currency or supernational reserve currency in the form of bank or that would have to serve only sions and not all the decisions that are made made regarding you know how much to print out of it is made by a single kind of player and again so that i think would be a better situation had there been blocked and crept up back during that period it would have been an easier sell because the facilitation of such a

lets see if there's any sign of a breakthrough in milton keynes.ring a conservative target seats, which has been held by labour. i can tell you there is one seat here which has changed hands so far. it might not sound like much, but this council going into this election had 22 seats from labour, 22 for the conservatives, 13 for the lib dems. the conservatives have so far gained one seat so far. going into this election it was run by labour with the support of the liberal democrats. that, if conservative send—up of the biggest party, that could pose question over who runs this council. they have gained one and are hopeful they could finish this election, the conservatives, with two or three more seats than the labour party and there are a couple of recounts going on as we speak. we will hear from those later. away from milton keynes, there is another contest in south cambridgeshire, which is going on as we speak. there, all of the councillors are out. we are hearing from people on the ground, both liberal democrats and conservative sources that the

you were working all day yesterday, first in milton keynes and then south cambridgeshire.ptember show one of the surprises of the day? fascinating in south cambridgeshire and in kingston and in richmond in london. the liberal democrats managed to overturn sizeable conservative majorities to take overall control of the councils themselves. that is a pretty remarkable result for a party which many people had written off. gained 75 seats across the country but in terms of council ‘s game, they were the big winners. interesting for them where that takes them. —— councils gained. not every seat was up, not always changing control, councils. difficult to focus on individual places and see what is happening broadly. how does it affect the two biggest parties, the once contending for government in the next election? to some extent, the next election? to some extent, the takeaway is not very much happened. both the two main parties gain some seats and some cancels here and there, lost hereunder. labour didn't make the big gains they were hoping tonight. counsels like wandsworth, bu

and in an attack on kevin jay keynes, campaigning to stop and impeachment. >> they are trying to takee out to take down president trump. >> when the campaign starts, voters outside west virginia may not recognize that candidates right away, but they will look at attorney general patrick morrisey. beco ted cruz, rand paul, conservatives are behind my candidacy because i am the one t took took on obama. >> the common name behind those names. >> he said the most vicious things about president trump. these are all patrick morrisey never-trumper candidacies. >> the first nationally televised debate for either. >> are you nervous? >> you all have a little bit of pause, but i am excited. this is a chance to really frame the issues. it is not about the nonsense tv ads. >> i just spoke to don blankenship, when a mcconnell ally called him mentally ill, he decided to try to prove it, that's where cocaine mitch came from. he also says that there are no nervous about facing an hour-long debate because he wants faced 30 years in jail. bret. >> bret: should be interesting, thank you, for more on wha

and you wonder how that was actually possible from the usual ukraine syria adjourned to the script keynes and donald trump saying goodbye to the so-called iranian nuclear deal well in this case we heard from the leaders of russia and germany that both countries will make an effort to keep the agreement afloat and also this is the case when really a lot of our putin and agger merkel do see eye to eye. germany great britain france and all our colleagues in the e.u. support the iran young nuclear deal and we are sticking to it we from the european side are discussing the situation with iran the agreement isn't perfect but it's better than none we should continue negotiating with iran and on that we are united . well this is the case when sanctions have been brought up but not all the anti russian sanctions this time around it seems that for the donald trump administration their favorite tool or favorite toy some even may say are sanctions all kinds of them the u.s. has hit russia with sanctions they've hit iran with economic measures and even threatening european companies with sanctions for

workers at two branches of the american diner chain tgi fridays in milton keynes and covent garden arehundreds of pounds a month. the firm said it pays its staff fairly and is working to find a resolution. bp has said that even though oil yesterday surged over $80 a barrel for the first time since 2014 it will soon come back down to between $50 and $65. the reason — it says shale oil producers and opec are both about to ramp up production. quick look at the markets... everything looking slack at the moment. ftse is down one third of a percent. quite quiet. that's all the business news. we are back in about an hour. some breaking news coming in from the metropolitan police confirming a 65—year—old man has been arrested on suspicion of the murder of rosina coleman, the 85—year—old lady. she was found dead at her home in romford in east london on tuesday. metropolitan police confirming a 65—year—old man has been arrested on suspicion of murder. an eruption at a volcano in hawaii has sent ash 30,000 feet up into the sky. residents of big island have been warned about dangerous levels of to

panny at a guess a regnant through maynard keynes reign. the corner kind of this crown and the imperial honor gave the emperor of primacy over all the other kings in europe and who was more honor but not greater power all the holy roman emperors wore this crown until eighteen zero six with his highly were pushed by she's. a and from now on empire was part of german history sometimes as a unifying force between the german nobility pushing for autonomy sometimes as a trigger for war and division but the notion of empire united the germans across borders and religion after the end of the holy roman empire of the german nation in the early nineteenth century. mythical notion of empire was revived in eight hundred seventy one in the second empire of the kaiser's. it was third highest tried to appropriate the regalia for itself but in the end germany faced the mockery of the victorious allies. the ruler from the saxon nobility was now king of the germans king of italy and holy roman emperor. he was called the darling of the world and the head of

has made increases in areas that you need to win to win a general election south to swindon milton keynes south summit these avi's we made significant gains what i think the media has done is put a focus on on on on local authorities that we've never in the past had won a top westminster and so on and expected to win those two you're sure to johnson do . semitism in your party has caused in your votes without a doubt the focus that there has been on semitism in the party and the focus in a portion in that very clearly to lay people as how did that make in effect in some parts of our electorate i mean particularly in parts where there were significant jewish is the focus on and the senate is moving your focus on what's being alleged in your mccarthyism we had mark wards with lifelong anti-racist campaigner on this show saying jeremy corbin's labor party is becoming a new mccarthy a party he was kind of than that he said that there's a siege germy gorgon at the moment by his parliamentary labor party but what exactly is going on in your body you're an inertial executive body the party has g

southern trains are suspended between clapham junction and milton keynes central — while engineeringesterday was the warmest bank holiday weekend on record. begot up to 28 celsius in london. we have lots of sunshine today but there is a chance of a shower developing a little bit later. for this morning, lots of sunshine, lots of blue sky. we still have this very warm air as well. later on, we have some cloud developing and with the heat, that combined, we could see one or two showers. temperatures getting up to 28 celsius so still very impressive and still very warm. if you do have the showers, they will disappear this evening. pleasant and dry and clear. minimum temperatures somewhere between eight and 11 celsius. a lovely right to start for wednesday and we still have some sunshine. lots of dry weather around but we will notice the temperature just starting to cool off. still impressive, 20 celsius, but not quite as warm as the last couple of days. things getting cooler as we had towards the weekend as as we had three, we could see one or two showers. i'm back in half an hour. plen

hundred twenty nine wall street crash in the united states prompted the british economist john maynard keynes to warn politicians the credit machine needs to be controlled to benefit all of society not just speculators. when we managed the financial system between one thousand nine hundred five and one nine hundred seventy one there was not a single financial crisis anywhere in the world and then in one thousand seventy one the bankers lobbied and they said no no no we don't need controls you know the market will discipline us we will blah blah blah and we began to lift all these regulations and crises began one after the other first at the periphery and then in a coup. one thousand nine hundred nine saw the birth of the euro and the european central bank had been created to ensure its stability. at the time global growth was strong the level of public debt was starting to decline europe was breathing easy. confident financial markets lent generously to governments and the weakest economies spain greece italy portugal suddenly had access to loans a very low interest rates close to those avail

hundred twenty nine wall street crash in the united states prompted the british economist john maynard keynes to warn politicians. that machine needs to be controlled to benefit all of society not just speculators. when we managed the financial system between one thousand nine hundred five and one nine hundred seventy one there was not a single financial crisis anywhere in the world and then in one nine hundred seventy one the bank has lobbied and they said no no no we don't need controls you know the market will discipline us we will blah blah blah and we began to lift all these regulations and crises began one after the other first at the periphery and then in a coup. one thousand nine hundred nine saw the birth of the euro and the european central bank had been created to ensure its stability. at the time global growth was strong the level of public debt was starting to decline europe was breathing easy. confident financial markets lent generously to governments and the weakest economies spain greece italy portugal suddenly had access to loans at very low interest rates close to those avai

this is par for the week, switching back and forth between keynes -- gains and declines.looking at gains for the week on all major averages of about .5%, but the semiconductor 1%ex performing down, down space,day, and in that applied materials is down nearly 8%. at that point, on pace for its worst day since 2008. they beat earnings and sales, but the forecast was lackluster. that is a copy -- company that makes company that -- company that makes the claimant that makes chips. so the equipment is even more of a towel, as orders reflect chip demand. we also have campbell's soup down, and these are all the biggest drags on the s&p 500. applied materials is also dragging on the stock, but these are the three biggest on the s&p 500. 12%, this soup down on an earnings report that the company announced that ceo denise morrison is stepping down. investors are a little bit nervous about what is next. nordstrom down 9.8%, same-store sales came in less than expected. investors are not liking that. despite putting up a strong quarter earlier this week, nordstrom and jcpenney suggest

the 24—hour strike will affect branches in milton keynes and covent garden.ever investment front aimed at encouraging gender diversity among uk firms. the l&g future world gender in leadership uk index front, or girl for short, will favour shares in firms that have the best record on gender diversity. only one of the uk's biggest 350 firms achieved full marks for diversity. european shares dipped in morning trading on friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over italy. meanwhile the ftse100 in lodnon is flat after closing at a record high yesterday, continuing it's recent winning streak thanks to the falling pound. that's all the business news. the world health organisation is holding emergency talks about the ebola outbreak in the democratic republic of congo. the drc health ministry has confirmed 14 new cases of ebola. 25 deaths are being investigated. the world health organisation says the risk to public health has gone from high to very h

milton keynes hospital had to cancel operations today due to flooding. operations today due to floodingasis and we keep them clear where we can. and we keep them clear where we can. will come out when we look at investigating. investigating. cut back on cleaning them and don‘t mention the word money! mention the word money! has hit the national headlines for running out of money. running out of money. running of it because things got so bad. bad. social care so some of these services have been scaled back. services have been scaled back. stand with insurance claims so not a good time. and many months of misery ahead. thank you very much for that. and roger, tells us about this marine. marine. that took a fairly hard toll on andy grant. grant. he was blown up by an ied in afghanistan nine years ago. afghanistan nine years ago. save it but it didn‘t give him the mobility he wanted. mobility he wanted. knee and having done that he took up running. running. 17 seconds, the fastest tingle leg amputee in the world to do it. amputee in the world to do it. a phenomenal athlete and a really insp