editorial board in new hampshire about how to get the economy growing at a faster rate. they need to be willing to work longer hours and through your productivity gain more income for families. that s the only way we re going to get out of this rut that we re in. that was a mess. democrats pounced and quickly criticized bush, accusing him of being out of touch in the lives of working americans, pointing out that they already work many hours, far past the 40-hour standard work week. it s true americans work an average of 47 weeks. just last week president obama made new overtime rules that would make salary workers making $55,000 a year eligible for overtime pay. we re making more workers eligible for the overtime you ve earned. that s one of the single most important steps we can take to help grow middle class wages. it s going to give as many as 5 million americans, including 80,000 folks right here in
were talking about the u.s. i guess part of what is interesting to me is that for china, for greece we have these measures around kind of government ineffectiveness, sort of people losing faith in political leaders, growing inequality troubling lack of investment and infrastructure, and that makes me nervous about where we are. so that s a fair point. i think the difference between those countries and those economies and ours is that we have a constitution. you know, we re going to kick the bums out every election but there will still be a constitution. we have some sort of policy certainty. so we have a dollar for example, that is based on confidence. this is still a safe haven economy, still a safe haven currency. they re still going to come to us. you can t say the same for greece. those are fragile institutions. you can t say the same for china because there is a lot going on and institutions are being subtle. you can t say the same of a number of different countries.
for their lives. my grandfather, like drove a wonder bread delivery truck and was able to raise five kids send them to college and have a wife that never worked full-time outside the home. that is, like, beyond imagining for americans anymore. on the other hand, what our new reality is people do work 40 to 50 hours a week. here my republican hat is on now. when we employ people given that s the new norm all of a sudden once you hit that 40 hours, i am paying time and a half i hear you saying it s going to help with the margins and then i worry, it s not a marginal change if you re a big institution with tons of salaried employees. the reality here is we re competing not among ourselves in a u.s. economy, we re competing in a global one. east asians would agree with jeb bush that we should be working harder. i agree that the stat stigsistics show we do work as hard as they do.
course when it come to the currency markets. you have the dollar strength and the euro weakness. and you have both happening at the same time. the dollar strengthening because most analysts would say the u.s. will raise interest rates. we see strong growth in the u.s. you see some decent inflation. very not surprising if people would move into dollars, especially when you think of it as a safe haven currency. a lot of people pouring in for that reason. so the dollar strength gets it going. euro weakness we won t see any interest rate rises in the euro zone. we re talking about deflation as richard just pointed out. the worries there, how do you stimulate the economies here. not slow it down by raising interest rates. what are the good things? people should not see this as a negative. the euro falling will help exports in the euro zone. countries like germany, italy, france that need to export more to hem their economies to grow. i think it is a very concentrated objection way to help e
here it s agony of waiting. a father who is trying to find out whether his two sons are still alive in the rubble. before we talked to him he found out that they had found one of his sons dead and trying to bring him out now. you get a real sense from all the people standing here waiting to find out news about loved ones in these numerous buildings that have collapsed as they see pieces of their lives, furniture, bits and pieces and all they want to know is that their loved ones are safe. they re using sound checks, dogs, hundreds of rescue workers mobilized to van where i am and 200 more than 200 people killed in both. that is the death toll as we know it now. it could well rise, of course, as the search goes on. monita? all right, diana, thank you very much for that. we ll continue to check in with diana for the very latest out of turkey. that is the top story from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning f