Generation Guilty Should Go Get a Job: Kessler

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July 09 (Bloomberg) -- In today's "Morning Must Read," Bloomberg's Scarlet Fu and Tom Keene recap the op-ed pieces and analyst notes providing insight behind today's headlines. They speak on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

College students who are volunteering this summer.

Andy kessler, he's a former hedge fund manager calls them generation guilty because they have everything and are compeled to serve or give out of guilt.

He writes -- in other words, go and get a paying job.

He says money that funds all the volunteering and charitable giving comes from someone making productive money, working productively, creating wealth and giving away usually by way of tax reduction.

You're betting off looking for a job.

That brings to question what kind of jobs -- you got to go out and get a job which is my basic take is challenging this summer as well.

Challenging as well is chicago.

This is a difficult story, scarlet and i visited two weeks ago.

We had a fabulous time in the chicago.

This is not funny, -- richard falcon is with us he's been fighting for the police forces.

This is stunning is what we've seen in chicago.

Horrible weekend.

But this has been a problem in chicago for very long time.

Their murder rate is between three and four per times what it is here in new york city.

And there's one big difference between our police forces and it has to do with a tactic called stop and frisk.

Something which is done in new york city, it's controversial, but it has clearly driven down the rate of gun violence.

In chicago, there is no stop and frisk.

So, the officers are not allowed to approach someone who fits a suspicious cross pattern and inspect them.

Are these gangs?

No they ruven a gangs, but not just gangs.

Not just gangs.

Most violence, gun violence occurs between people who know one another.

The gang related violence is easy to identify because they self declare as gang members.

But i don't think it's predominantly.

We had the newtown massacre and i saw the kids at one of the new york baseball games, 20 some people killed there, it was horrific.

We have 11 over this long weekend, roughly?

Fatally killed.

This text has been automatically generated. It may not be 100% accurate.


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