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The recession has led to a misguided and misplaced affection for the rare auld times, when what’s needed is a sense of perspective

7th March, 2009

The young man with the Hugh Grant haircut looked handsome, well to do and about to burst into tears. Almost a year after graduating with a law degree from one of Britain’s best universities, he explained to BBC News last week, he still found himself completely unable to find a job.

‘‘I just feel,” he said with a break in his voice, ‘‘that my generation chose a really bad moment in history to...

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