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To the Point

A Hard Rain's Falling for the Class of 2009

To the Point

KCRW

News

4.4583 Ratings

🗓️ 30 April 2009

⏱️ 51 minutes

🧾️ Download transcript

Summary

The college class of 2009 faces a market with fewer jobs at lower salaries.  Applications for volunteer national service are up by more than 200%.  We talk with college graduates and others. Also, while Chrysler files for bankruptcy, at Bank of America, a shareholder revolt.

Transcript

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0:00.0

From PRI, Public Radio International and KCRW Santa Monica, this is To the Point.

0:07.9

The hard rains falling for the class of 2009.

0:15.0

Hello again, I'm Warren Alney, and this is To the Point from Public Radio International.

0:19.1

A daily look at the issues Americans care about most.

0:21.6

This year's college graduates face the worst entry-level job market

0:24.6

since the dot-com bust of the late 1990s.

0:27.6

One national survey shows employment opportunities down 22% from last year,

0:32.5

and some companies that promised jobs won't actually hire until next fall.

0:36.4

Some graduates with loans to pay off are looking at volunteer work and unpaid internships

0:40.6

that only provide room and board.

0:42.9

Today we'll hear about the best and worst prospects, talk with college kids about their

0:46.5

expectations, and hear about one imaginative scheme for taking advantage of trouble.

0:51.9

On reporter's notebook later on, a Bank of America's shareholder revolt.

0:56.4

First, here's the news.

0:57.4

Support for To the Point comes from subscribers of KCRW Santa Monica

1:01.7

and from the Public Radio International Program Fund,

1:04.8

whose contributors include the Ford Foundation and the John D.

1:08.0

and Catherine T. MacArthur Foundation.

1:10.0

Hello again, Warren Alleney, back with To The Point. The college class of 2009 faces a market with fewer jobs at lower

1:15.9

salaries. Applications for Volunteer National Service are up by more than 200 percent. We'll talk

1:21.0

with college graduates and others today. On reporter's notebook, shareholders removed Ken Lewis as

1:25.9

chairman of Bank of America's board, but

...

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