because there's been a survival guide post a few years back more of a story to. be sure it's going to get him back. oh heck no. repatriations look at the way the seventy quid bill of the seven guy's record. welcome back the united kingdom is considering new legislation to require companies to publish what they pay chief executives and compare that pay to the median pay for the rest of the workforce the move is in reaction to recent studies about average wages at u.k.

firms which kept secret the largest company salaries of that of chief executive officers the effort is part of an increased corporate responsibility move which spells out inappropriate business behavior in the continuing wake of the financial crisis corporate boards will also be required to provide proof that they have taken into consideration the pay of c.e.o.'s with that of the shareholders benefit. we have covered this story of a two billion dollar fraud at the point job national bank in india before the fraudster allegedly at the center of the ordeal is indian businessman modi no relation to indian prime minister modi will now their effort to foster increased accountability for big business a new law is to set to confiscate the ass that mr moti who remains on the run from of borat is supposedly in hong kong under the new law an individual must appear in court within thirty days or be subject to having all of his or her properties confiscated and sold by the state. turning back to the americas let's catch up with

mexico mexico and the european union have agreed to the terms of a deal on trade that eliminates nearly all terrorist between mexico and the e.u. mexico agreed to open government procurement to competition from e.u. companies and recognize two hundred forty geographical indications for products such as champagne that must be grown or made in certain places the e.u. in turn will grant greater access to mexican meats tuna orange juice and other products and in related news the mexican peso which swooned. in recent days rallied modestly today on the news about the e.u. trade deal as well as rumors that nafta renegotiation may be announced soon on monday the peso a fall into nearly twenty to the dollar and finally right hailing service a d.v.d. began operations in mexico on monday starting to win the city of toluca devi famously won the battle with for the chinese market and the fight now moves to

latin america. the big burden of student debt is a beast for many millennia was in a recent survey by the american student aid assistance program more than fifty percent of younger workers say they are concerned quote all the time about paying off their loan three port also found that close to ninety percent of the respondents would consider committing to working with one employer for five years if they received some assistance in paying off their student loan debts and here to discuss the rough road for millennial student loan debt and the potential dangers is john garcia she's the president the united states student association it's good for you to be here that's thank you so much i know last time i was in new york and you were down here you did a great job we appreciate you coming back so these numbers are like blowby away the debts gone in two thousand and three two from like two hundred fifty three billion to one point three trillion what in the world is going on right and great to see

again in part yeah i'm exactly like that i look at these numbers and like what happened and there are a lot of factors that are involved and those numbers tell us well one thing as to wishing to wish them is increase at a rate of seven percent every year for the past decades so seventy percent in ten years basically and that's not the only thing we also have other costs that are related to wash and that includes food that includes rent rand is going out and nasa mounts and student homelessness is also a very real thing that is sick. in place other student related fees that include textbooks transportation and so on so all of this is adding to the numbers of student loan debt that we see increasing since two thousand and three so what would be sort of the average loan that folks would take out how long would it take them to pay it probably quicker than i paid mine but how long would it take

what would be like the payments what are some of those data details so the average loan that most that some students take is about. thirty seven thousand dollars is what the cost of twenty six thousand was now that's two years ago so the grades have gone up higher and it takes about ten years to pay off that is what the studies have shown however and your studies are showing that it's actually taken about twenty to twenty five years to actually pay those loans and so when we think about when you're twenty five years basically and the thing is like this is a crisis these aren't just people who are going in there for their education these are people who have families these are people who are trying to create businesses trying to purchase autos trying to purchase homes this isn't just a impacting them it's impacting our entire country and we're in a crisis and people really need to wake up and most importantly our decision makers our education is becoming privatized and there is a disinvestment both on the state and the federal level with our government which

is another reason why that number has gone up to one point three trillion not million not billion trillion dollars let me ask you we're going to privatization minute but what is sort of the monthly costs what they have to pay we talked about thirty seven thousand dollars. as the. basic loan amount so that must be you know three four hundred dollars a month that they're paying what's the average salary because i know the average salary nationwide is like fifty seven k. or something for somebody just out of school any idea what the average salary. yeah especially for young adults their average salary is about thirty five thousand dollars so yeah the math doesn't work it doesn't and that doesn't say anything then about they should be saving for retirement as you say it's going to be you know fifteen to twenty five years before they pay off that it could be a big problem ok let's talk about privatization well actually before we get to that when you talk about private schools you also talk about not just the poor year

colleges you talk about the two year colleges i think not enough time is spent spent upon those the associate degrees the vocational technical way assistance. their student loans available for those but some of that some of those schools are private schools what impact is that having right so we also within those private schools we have for profit schools and a huge portion of the student debt growth has to do with students who are taking out loans for for for for private institutions and the issue with for profit institutions is that more than often we are seeing that a lot of these institutions they are extremely expensive however their degrees don't amount to the amount of students are paying for i was a student to go shoot or was a department of education where we had to debate a lot of these issues with for profit representatives and the reality is that i worked with a lot of students who are friends i was in a position where they can't make those student loan payments and unfortunately it's

not because they don't want to their credit scores are going to the plummet but there is they're in a position where they're set up to fail and that is an unfortunate reality that our country is in and again education is a right we spoke about this last time education should be simple and this country is making it nearly impossible for a lot of our folks to be able to access that right to make it even worse so you're in that dire circumstance and then you're given a free quote unquote credit card and people run up all these additional debts because they don't really have many choices you say it is even increasing number of homeless folks let me ask you to weigh the last question is that what it does pay more if you do get the degree you do get higher wages so you're pretty much stuck you have to do it right right we're in a time where you absolutely need a college degree to get employed i least in employment where you actually will benefit and strive in and the problem is that because of the reality we're in this

is also impacting the most marginalized education supposed to be the quote unquote great equalizer it's supposed to be of. part of this american dream but black and brown state and students from low income students are first generation just like myself there are multiple obstacles but we need to be uplifting them and center in them because they're the ones who are facing the entire burden in this country well we want to count on you and others to keep up that fight and thank you are we doing it thank you thank you jocelyn joseph garcia of the u.s. students association appreciate you being here thank you. and drug makers have reported their first quarter earnings and their new news related there's new news related to the prices alex mahela that joins us from toronto with more alex hey before we get to drugs there was a terrible tragedy in your town in toronto yesterday were many people were killed

and others injured when a van plowed into a crowd of pedestrians on the sidewalk a bring us up to date on that unfortunate circumstance. yes we are the suspect now in question has been named as alec mini's and he's a twenty five year old computer software development student at seneca you know seneca college here in toronto he's been charged with ten counts of first degree murder and thirteen counts of attempted murder so obviously a very serious charges and we've all seen the scene it was absolutely devastated this happened in north toronto neighborhood lot of condos there and the population there there's a lot of south koreans as well as persians that live in that neighborhood two of the individuals that were killed are actually south korean citizens so you know this is something that has touched the whole city as you can imagine toronto is in shock this is not something we see very often or expect in toronto or this country at all and the way things have worked out i mean the tragedy the way it happened itself the people are poor into the streets there's been vigils as well as the fact

that we've heard from our government leaders in and people across the board from just outpouring from around the world but as it stands right now the motive behind the crime is unknown and police are trying to get to the bottom of that horrible circumstance and from everybody here and i'm sure from all the boom busters our thoughts and where appropriate prayers are with everybody and your your colleagues and companions up there ok back to drugs now maybe need some drugs after that alex tell us about what's been going on so far you know all the big drug makers have not reported their q one yet but how are they doing so far. well we really have to look at last year's numbers to get sort of a taste of what's happening this year if you look at last year that actually the profits rose to before and fifty three billion dollars but there was a one point seven percent drop if you look at it in the sense of how the direction it headed towards the end of the year now there is that the makers of farm a big pharma companies are playing

a blame game with the middlemen and the pharmacies basically saying what this is where is this money going who's making what and why are these a core these are simple the savings that are supposed to be happening getting to the consumers and that all falls into one big snowball that when consumers see they not getting savings this just adds to what's already happening to the pharma industry and that's a lot of bad press with bad press of course people step back from farm as much as they possibly can so people are looking at alternative medicines and we know that there's a big player that came into the market it's happening massively here in canada which is cannabis so when you look at cannabis a lot of people are turning to canada cannabis now instead of what used to be produced by pharma companies be it for an antidepressant be a pain relief be it for hunger management or to actually increase hunger in people like cancer patients so this is all playing again a part of this game here and of course in the states one big factor has been the opioid crisis which has left a bad taste in

a lot of people's mouths in our country and your country absolutely well we're going to have you back to talk more about that about the price of drugs too as we go forward thank you very much our correspondent alex mahela bitch. and thank you all for watching be sure to catch boombox on you tube you took dot com slash boom bust r t we'll see you again. you never know what's around the corner i never know was in the pub even to walk into a nice that excitement is that knowing that's where the adrenaline in much comes from. and you can easily move on definition and the extremes will produce. the violence he's a pug and it's almost

a schizophrenia. where you can do all these things and behave badly. important people of course qualify but all. those more social skills are going to last. and this man infirmed. role in all this from the start. i would roll the way enough i figure out i really did a poll down down went up a little bit. of meaning in these images that beast if you don't involve these constantly evolving. to two careers are on the verge of signing a peace treaty a donald trump own summit is in the works is peace coming to the korean peninsula well it's possible the foreign policy blog in the corporatists media are less enthusiastic after all conflict is very business model. palestine is getting

international recognition with the help of israel at least in the world of zoos i'm in bill fit to commission to do it loving you liken it to this isn't my cup of tea just going out to the study hall maybe a bit you know shot i just hope they should be the only palestinians who gets the most help from its jerusalem counterparts i don't think there's some of those who in the world on the location of not only could give us. and the earth is a lot at that age to have this lady of the messiah which he had i'm going to continue in the doesn't seem to do more commitments last time piss off.