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November 06, 1992 - Image 7

Resource type:
The Michigan Daily, 1992-11-06

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The Michigan Daily - Friday, November 6, 1992- Page 7

could help
DETROIT (AP) - Bill Clinton's
presidency should translate to mil-
lions of dollars in federal projects
and jobs for the Detroit area, say
political analysts and city officials.
"For Detroit, a Clinton adminis-
tration means happy days are here
again," City Councilmember Clyde
Cleveland said.
"The important thing is we'll
have an administration more willing
to deal with the problems of cities,"
said mayoral spokesperson Robert
Berg. "And presumably, getting a
268,000-vote margin out of Detroit
isn't going to hurt."
The Clinton presidency "means
Detroit will get the Defense
Department facility and I'm hopeful
it will mean more money for low-in-
cpme housing, urban development
aid more police officers walking the
teat," Cleveland said, referring to
efforts to land the defense office
* uilding complex downtown.
* Federal officials have said the
winners of a national-competition for
several regional defense complexes
Dousing 4,000 to 7,000 employees
tach will be announced next year.
a Detroit political consultant Mario
vtorrow agreed that the nation's
eventh-largest city will gain with
Democrats in the White House.
"Coleman Young is actually go-
ng to be a powerful player,"
Morrow said of the mayor. "He de-
livered Detroit ... for Gov. Clinton.
any time you can hold back votes
ind pull out votes, you're
A Democratic White House is
-agerly awaited by Paul Hubbard,
* resident of New Detroit Inc., an
ivic activism group founded after
.Detroit's 1967 riots.
"I'm optimistic that it will mean
,attention paid to the problems of
Detroit and other cities," he said,
;adding he believes Clinton will focus
ion cities' troubled 18- to 35-year-
- "I asked him and he indicated
*that he thought I was right, this pop-
clation has the most social prob-
lems," Hubbard said yesterday. "The
previous administration put time into
foreign countries and let this popu-
lation go uncared for."
Councilmember Mel Ravitz said
Clinton's promise to build up the
pation's infrastructure could mean
millions of dollars for repairs to
Detroit streets, for the city's water
Ond sewer system and for public
But he warned that to do all that,
Clinton must "put his finances in or-
der and get congressional support to
shift money back into assisting

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Rni mi^ wr-i AI m~

at J.P. Morgan
for University of Michigan students interested in
Corporate Finance
Management Services (Consulting)
Sales, Trading, and Research
Please plan to attend our
information presentation on
Thesday, November 10
Michigan Union
Kuenzel Room
6:30 pm
All majors welcome
gJ. P. Morgan is an equal opportunity employer



J.P. Morgan Recruits on Campus this Fall .
(continued frot last yeu)

. .

J.P. Morgan seeks under-
graduates with potential to
become part of the Morgan
team that provides sophisticat-
ed financial services to corpo-
rations, governments, finan-
cial institutions, institutional
investors, nonprofit institu-
tions, and wealthy individuals
throughout the world.
If you're interested,
watch for recruiters from J.P.
Morgan who will soon con-
duct information sessions on
campus. Meanwhile, read on.
An overview of
J.P. Morgan
J.P. Morgan's business is
complex, and the role we fill
often crosses organizational
and geographic boundaries,
but broadly speaking the
financial services we provide
include the following:
* Strategic advice: Weare a
leading financial advisor,
counseling our clients on the
financial implications of cor-
porate strategy and structure
and executing transactions
such as mergers, acquisitions,
and divestitures. Morgan is
especially strong on cross-bor-
der transactions, taking advan-
tage of our global presence
and international depth.
" Financing and capital
raising: We are experts on
raising capital for clients using
all major financial instruments
including equity and debt
underwriting, loan syndica-
tions, and private placements,
in all major markets in the
United States, Europe, and the
Asia/Pacific region.
" Trading and risk manage-
ment: Our business often
requires transactions in the
capital markets, where stocks,
bonds, and other instruments
are launched and traded.
Morgan is a major participant
in world markets, as a market
maker (matching buyers and
sellers) and as a position taker

rities portfolios to managing
cash on a global basis.
- Asset management and
private banking: Morgan pro-
vides large investors - such as
pension funds, insurance com-
panies, and wealthy individu-

als - with sophisticated, glob-
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" Research: Morgan's busi-
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by a strong research capabili-
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research units support specific

business areas, such as our
Financial . Advisory
Department, a group of com-
pany/industry specialists with-
in our Corporate Finance
group. In addition, the firm's
Global Research group pro-

vides a full range of macro-
economic analysis and securi-
ties and other financial instru-
ments research.
To be continued at an upcom-
ing information session.


Do career opportunities still
exist on Wall Street?
They do at J.P. Morgan, a world leader in global finance.
We offer exceptional career opportunities for the highly
motivated graduate in auditing and financial management,
corporate finance, global technology and operations, internal
consulting, sales, trading and research.
You don't need an educational background in finance to
succeed at J.P. Morgan. Successful candidates will receive
extensive on-the-job training. This training includes special-
ized programs that help develop requisite business knowledge
and technical skills, and introduce the ethics, culture and
team orientation that distinguish our firm.
Attend our upcoming information session. Watch for the time
and location on campus. J.P. Morgan & Co. Incorporated,
60 Wall Street, New York, NY 10260-0060.
Career opportunities at J.P. Morgan


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