Crushing College Debt
Lawyers tells $400,000 student loan horror story. (Bloomberg News)
Category: News & Politics
Tags:
Personal Finance Credit Debt Careers Occupation Lawyers
400,000 school and university students graduate this week. Many will go straight into the ranks of the unemployed. The head of the national jobs agency warned RT now is the worst time for young people to look for work.
When finance whizzkid Dmitry Marinchenko got into MGIMO University 5 years ago his future seemed made. Banks needed talent and were ready to offer a 170000 dollar starting salary, before bonuses. Today he graduates, to a different scene.
“It's a really tough job to find a job. I visited about 20-25 companies and most said I lacked job experience. Problem – a lot of layoffs, and experienced people on the market with same. I know about 10 people from my Uni’ who tried to find a job just as me… but a lot of them, well, have no response.”
The bloodiest carnage is among bankers and lawyers. But Yury Gertsiy, Head of the Federal Employment Service, says jobless numbers will rise across the board.
“This is the worst time to join the job market. Employers are most hostile to twenty somethings who have yet to prove their abilities. That's why by September the jobless rate will go up.”
In a year Russia’s official unemployment rate soared from 6 to 10%. Add those who don't register and the real rate is even higher.
These fresh-faced teens will now have to do battle with veteran barristers and financiers who've just got the sack.
"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker
Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....
Bob Dylan
"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich
"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."
Albert Einstein
"Buy The Rumor , Sell The Fact " Peter Schiff
You can love your Country and not your Government
Jesse Ventura
" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck
"Tyranny will Come to Your Door in a Uniform "
Alex Jones
"The Government is not The Solution to our Problems , The Government is The Problem "
Ronald Reagan
"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato
The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo
"The people should not fear the government for it is the government who should fear the people" UNKNOWN
"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN
"They don't control us , We empower them " UNKNOWN
"Serial Killers do on a Small Scale What Governments do on a large one..."
Serial Killer Richard Ramirez
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."
Thomas Jefferson