grandparents told me that when they went to school, it was very strict, and the teachers could beat thehemthey t told me t their pars didndn't have enough money to te really good cacare of them. >> an unconditional basic income has become a hot topic around the world. its premise is simple -- every person, regardless of their employment status, should receive a basic and unconditional wage from the state. and there are already examples. citizens of alaska receive annual payouts from a fund financed by the oil industry. and the government of ontario in canada is planning its own basic incomeme pilot studydy. in finnd, suchch trial has been up and nnnning r a yeyear. >> the sound of the drum has to be adjusted a little before it's complelely finishehed. juha jaÄhrvivinen knows that fm experiencece. juha hand-carves made-to-order shaman drums one at a time. >> right now i'm trying to make as many drums as possible to earnrn as much money as i can. but handmade goods always take more time. it's not mass production, so as a business it isn't very lucrative. >> juha is grateful that he's now all

we also reach out to these none of thehem have e agreed to speao us. >> everybody that is involved, thats what it is all about it. sometimes, people talk to us about it. i am hoping with support from the commumunity, it is gone to t fixed. >> one of the maiain challengesf this job is that the government officials they respond to his petitions. even working with the people is sometimes didifficult. >> people are ok with the way things are. nobobody wants to say, i'm interested in this or that. at the time, we're trying to protect. >> authorities can only hope the classrooms are ready for the new children who start in september. >> to some huge football transfer news now, 80 million euros. the 2 23-year-old is the most substantive goalkeeper in the histstory of the s sport. signgned a seven-year contract with chelsea paired -- with chelsea. >> in terms o of the price, it s just a a price. i'm going to be myself the same way i have always been. i will bring my best to the club without thinking of the label of the most expensive keep. >> tour de france, thomas, received a hero's welcome when

was thehem hancock-howard controversy, which i wrote an article about regarding the first day. hancock butnked ade sent hancock to take over the field after general reynolds have been killed. they argued until both of them were dead about who was actually in command on the first day. day, controversy -- nothing hits me immediately. day, there's the hancock-hunt controversy confederatering the hancock wanted all the batteries on his line to reply with great vigor. the chief of artillery of the hunt, had other things in mind. he was an artillery expert. his guns tonted shoot very deliberately and very accurately. it was better to shoot one good shots.an 10 badly aimed hancock wanted of the guns to respond vigorously for the sake of the morale of his other men. he did not like the idea of his without ashelled vigorous response. he thought that would ruin their likelyand make it less that they can hold that position. those two argued until the end of their lives, or i should say, hunt argued anyway. extremely -- a lot of words. he was extremely long-winded. loquacious andy wrote pa

comments about the need for turning out treasury issuance more, there clearly is going to be an impact thehemarket pricing of significant amount of duration risks that will need to be of sort. sorbed.b as the ecb taper works its way through the system, i do think there is more to come. matt: we will continue our conversation with you. global head of rates research at bankamerica merrill lynch sticks with us. markets.ok at european a lackluster trade this morning, but it trends red. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: the european open." i am matt miller in london. guy johnson is off this week. due to prime minister is host a meeting later today to discuss the country's budget. attention between members of the coalition government has made investors wary of italian bonds. ralf preusser is still with us to talk about this phenomena. it is not unusual to see italy in a position where bondholders aren't willing to cut them that much slack, but what do you think we are looking at as far as what is priced in? ralf: what is priced in, to me, is a fairly unstable equilibriu