the fairness in that? they have cut their overheads, they are closing 60 branches a month, that is what they did last year. there were two today closing, one this morning and after i have had my dinner, there will be another one this afternoon. we cannot carry on closing banks at that rate. interest rates need to be fair and then bank bonuses are going up. we are cutting costs with banks closing, they getting rid of lots of stuff, you know, they are shutting everything everywhere. there is nowhere for people to go for financial advice, nowhere for people to go for financialadvice, but nowhere for people to go for financial advice, but they are charging a fortune for loans and they are doing it with absolutely nothing in return to the saver. would they say what happened in 2008 and the financial crisis and the credit crunch, we need banks to be resilient and they need to make money when they can make money, so when it is not so easy, they have got some, should i say money in the bank? ,
right now the minimum wage is about 80% of the poverty wage. we wanted to get it above the poverty line and index it from then on. $10.10 gets you just above the poverty line. if we had indexed the minimum wage from the 60s or 70s, it would be $10.71 an hour now. so see, people that are working hard at the minimum wage, they have lost about 30% of their purchasing power in the last 20 years. it s impossible to live on it. you can t. before you go, you did an sfw interview with the quad city times saying if hillary clinton is going to run, she needs to get to iowa. what s behind that comment? did she have some work to do there? what did you mean? what s behind that is my esteem and friendship for esteem for and friendship with hillary clinton. i think she would do very well in iowa. there s a lot of support there
going away. it doesn t fix anything in the near-term or in the long-term. and that greece is still going to need an awful lot of help, and even with that help, there s not a lot of hope that they can turn things around and really make things stick without some major changes to their economy. that s what markets are focusing on already. and if you were looking at spain, the yield on the ten-year in spain jumped this morning. that s a huge concern, because people say we went from worries of this greek exit straight to a spanish panic. and it looks like the ten-year there is yielding 10.71% and that s significant because anything above 7% is seen as completely unsustainable when it comes to borrowing costs. so people are looking to the next step. we hear from the fed, they start a two-day meeting tomorrow. and the next question, luke, is going to be what the central bankers can do to offer any relief. going to be interesting to see what happens there. becky quick, thank you so much for