Job Hunting in the City looking up?

wolvoman

bendix wrote: »

I notice you didnt address the issue of the Government buying ownership of the banks. As I said, with recent bank share price hikes, that has proven a very good investment and the Govt could sell for a vast profit now if it wanted.

Not strictly true.
The government's RBS purchase was at 65p and the current price is 38p.
Not sure of Lloyds Banking Group. And Northern Rock can't be worth too much just yet. And of course there's still some dross stuff of B&B held by the Treasury.

bendix

I stand corrected.

Mea culpa.

mewbie_2

bendix wrote: »

I stand corrected.

Mea culpa.

We did a Latin thread a while back. I got 64%.

lostinrates

mewbie wrote: »

We did a Latin thread a while back. I got 64%.

I never grade you lower than 98%.


re Law grads etc, have learned this evening College of Law (Store St) are making a few lecturers redundant (4 I think) because fewer contracts have resulted in fewer applicants and therefore they have too many lecturers.
(bang goes my theory of people self funding an LPC/CPE to stay in education in the hope it picks up.:o)

bluey890

LIR, why does the legal system in the UK cost the taxpayer so much more in this country than other wealthy european nations?

Generali

ruggedtoast wrote: »

And where did the money needed to lend to the banks come from.

What guarantees do we have that the banks will resume profits.

None.

Edit: also in a fractional reserve system where do bank profits even come from. Not exactly a win-win for the taxpayer is it.

What would you propose as an alternative to fractional reserve banking? AIUI, that's just the way all banks work and always have.

Yakubu22 wrote: »

Or big flapping hands?

Erm????

StevieJ wrote: »

I would be very surprised if that was true, eg I thought they bought into RBS at around 75-80p, I may be wrong though as that is just from memory.

I thought the average price paid was 51p/share after the latest rights issue, I'm not sure though. From memory I think one lot of shares was bought at the price you state. UK Government holds (again I think) about 30,000,000,000 shares out of about 39,400,000,000.

The current market price is 38p/share but clearly any attempt to put billions of shares onto the market is likey to depress that price. I think that the share price got up to about 50p intraday a little while back before dropping back.

lostinrates

bluey890 wrote: »

LIR, why does the legal system in the UK cost the taxpayer so much more in this country than other wealthy european nations?

what do I know, I'm jut a wife. ,

In the type of law in which DH works its international, and rates are not determined by nation, but by corporate globalism I guess (but Bendix would be the person to ask, as I say I'm just a wife...but because I'm me people like to tell me lots at functions )

I would say for the minor stuff for which we've used a lawyer in Itly recently rates have been comparable in UK to Italy. DH handled stuff for sale of homes for family (him being in eu family not being), one in London one in Italy: in Uk was MUCH cheaper..and unbelievably quicker. But that example of two things is hardly an accurate guage, and as I say: je ne sais rien. certainly not about costs to taxpayers for comparative (or not) legal services.

Looking at legal aid would be interesting to start. I worked as a solicitors clerk before the legal aid changes: can't even remember what the extent of them was.

If you are really interested I'm cocktailing with someone who would know next week?:beer: (I'm already salavating at the thought of cocktails)

ETA: I had to find out something for Dopester too, and I've forgotton. I'll try and rememeber to make a list and stick it in my evening clutchbag tomorrow.

Nenen

socrates wrote: »

Was looking for something like this on MSE

My son has just finished his first year 'A' Levels English, History, Classics and Maths - which has proved a big step up from GCSE (Maths that is)

Career wise he was looking at Law - however we have been reading about hundreds of graduates unemployed in this field.

So we looked for a plan B/C - Psychology, Chartered Engineering - he is not interested in Medicine and has not taken any Sciences anyway.

His character is such that he is best to do a degree that takes him straight into a job - however that is what everyone must be thinking that.

Who knows?

Should he stick with Law hoping that in four years time everything is OK - or try for something else.

With the 'A' levels he is taking does anyone have any suggestions for a good course to follow?

Strictly speaking this should be in one of the Student Forums but I suppose he can ask his questions there himself.

Any advice welcomed....

Funnily enough our ds2 was torn between engineering (likes the mix of hands on practical with science theory) psychology/criminology (fascinated by criminal motivation) and law (likes arguing the toss and legal wrangling). He got all three sciences plus engineering at GCSE but decided he wanted to be a lawyer and so did 'A' levels in Maths, Psychology, Law and Sociology which he did well in. However the Law 'A' level gradually put him off taking a law degree and, a month after being offered places at uni to study law he decided to change his mind and wanted to do engineering instead! :eek: However, because he had not done enough science at 'A' level he needed to do a foundation course first to top up his sciences. Fortunately we managed to go through UCAS Extra to reject all the Law places and he got a place at Loughborough uni instead to do a four year degree course (to include a one year foundation) in mechaical engineering. He is just finishing his first year there and absolutely LOVES it! Phew!

I must say (having had experience of several unis through my own degrees and ds1 and dd) I am very impressed with Loughborough. It's a fantastic campus, student satisfaction is very high, their reputation for getting their graduates into jobs is excellent and, if like my son, you love sport there are endless possibilites (England's rugby and cricket squads both train there and it is renown for sports). It also has an excellent reputation for engineering and all the top motor companies are involved in research there. The fact that Loughborough also offers Law means that, if he got a place for Law but then decided at the last minute to do engineering he might well be able to change (or vice versa).

I'd seriously suggest your son has a look at Loughborough. Good luck.

bluey890

lostinrates wrote: »

what do I know, I'm jut a wife. ,

In the type of law in which DH works its international, and rates are not determined by nation, but by corporate globalism I guess (but Bendix would be the person to ask, as I say I'm just a wife...but because I'm me people like to tell me lots at functions )

I would say for the minor stuff for which we've used a lawyer in Itly recently rates have been comparable in UK to Italy. DH handled stuff for sale of homes for family (him being in eu family not being), one in London one in Italy: in Uk was MUCH cheaper..and unbelievably quicker. But that example of two things is hardly an accurate guage, and as I say: je ne sais rien. certainly not about costs to taxpayers for comparative (or not) legal services.

Looking at legal aid would be interesting to start. I worked as a solicitors clerk before the legal aid changes: can't even remember what the extent of them was.

If you are really interested I'm cocktailing with someone who would know next week?:beer: (I'm already salavating at the thought of cocktails)

Thanks. I've found the article I was recollecting.
http://news.bbc.co.uk/1/hi/uk_politics/7009686.stm
<Oops, it's in relation to legal aid rather than the legal system as a whole.>
I'm sure the accounting system may play a part but the numbers show a huge contrast.
I am curious how other countries bills are apparently so cheap??

lostinrates

bluey890 wrote: »

Thanks. I've found the article I was recollecting.
http://news.bbc.co.uk/1/hi/uk_politics/7009686.stm
<Oops, it's in relation to legal aid rather than the legal system as a whole.>
I'm sure the accounting system may play a part but the numbers show a huge contrast.
I am curious how other countries bills are apparently so cheap.

I'll raise it in conversation

Funnily anough as to the legal system as a whole, as opposed to legal aid :D I do remember vaguely, relevant conversations, but I only remember half of them, so I'll wait and addrss the issue as a whole when I'm back and better informed. But you'll need to remind me.