Saturday, September 17, 2011

Bloomberg warns high unemployment rate could lead to widespread rioting


"We have a lot of kids graduating college, can't find jobs. That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here."

Bloomberg also said the damage may be done --especially to recent college grads --as the nation's unemployment rate hovers around 9 percent. "The damage to a generation that can't find jobs will go on for many, many years," Bloomberg said.

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