The Michigan Daily Vol. XCI, No. 5-S Ann Arbor, Michigan-Tuesday, May 12, 1981 Sixteen Pages France begins rock transition to Socialism AP Photo Marley dies Reggae star Bob Marley, shown here in a recent concert, died yesterday at a Miami hospital of brain cancer. Marley, leader of the band, Bob Marley and the Wailers, was 36. See story, Page 7. nn rborjob market bleak From AP and UPI Uncertainty about France's future under a Socialist president caused the French stock market and franc to fall sharply yesterday and Western leaders to react cautiously to-Sunday's election victory of Francois Mitterrand. Just a day after Mitterrand ousted Valery Giscard d-Estaing in presiden- tial elections, the focus of French politics was already switching to the. upcoming vote for a new National Assembly, expected near the end of June. THE CENTER-right opposition began plotting a strategy to thwart Mit- terrand's attempts to form a left- dominated parliamentary coalition, which may include Communists for the first time since 1947. The Communist Party supported Mit- terrand in the presidential election and he is certain to need their help in wresting control of the National Assembly and the Senate away from France's center-right parties. "I have many things to do," Mit- terrand said, emerging briefly from a day of talks with close advisers at his apartment on Paris' Left Bank. THE ELECTION Sunday of Mit- terrand, whose campaign called for the nationalization of nine firms and in- dustries, including banks, was greeted with fear by France's financial com- munity. Meanwhile, Western leaders cautiously began to react to Mit- terrand's election. President Reagan, in a carefully worded congratulatory telegram, told Mitterrand: "Together we face serious challenges to the security and well-being of our peoples and to the cause of peaceful progress worldwide." "I AM CONFIDENT that the cen- turies-old tradition of Franco- American friendship, together with the democratic values our two nations deeply share, will enable us to meet these challenges and preserve the spirit of Western cooperation on which the constructive future of the world in- creasingly depends." . Reagan also told Mitterrand he looks forward "to working closely with you and to the pleasure of meeting you in person." They are expected to get acquainted at the seven-nation Economic Summit in Ottowa in mid- July. A senior administration official held out the possibility that the socialist's victory could improve U.S. relations with France. "We wouldn't anticipate any short- range changes," the official said. "It is anticipated that . . . our relations will continue to develop with France." HE SOUGHT to play down the likelihood of Communist participation in a new French government and stressed that Mitterrand's election could improve the sometimes rocky relationship successive U.S. ad- ministrations have had with France. On many foreign policy issues, Mit- terrand's positions more closely parallel those of the United States than did those of defeated-President Valery Giscard d'Estaing, himself a staunch U.S. ally during the past six months. Mitterrand has been a stronger sup- porter than his defeated rival of the Camp David process, the centerpiece of the United States' efforts in the Middle East. The greatest differences between MVtterrand and Reagan appear to be over economic policy. The French president-elect has advocated the nationalization of the remaining 25 per- cent of private French banking, and nationalizing the insurance business and several key industries. By JENNY MILLER The Ann Arbor summer job market was summed up by Dental School graduate student Julie Martinson in two words: "I'm desperate." This summer's job market looks to be even worse than last summer's, which was described then by both students and job placement experts as bleak. "THE NUMBER OF JOBS available is down," confirmed Nancy Longmate, coordinator of the University's Student Temporary Employment Office. "There's lots of people out there hun- ting for positions," and not only stud- ents, she said. Deborah Thompson, an LSA fresh- man, is all too familiar with the current job market. "Every place I go to says 'no,' they're not taking applications," she said. "It's frustrating. My entire house (six people) is looking." Many students sound discouraged when asked about their search for jobs. Standing in front of the job listings board in the Student Activities Building, Residential College sophomore. Victoria Thomas said, "I come here every day. I don't feel I even have any advantage over high school students" when looking for a job. Thomas said she's been looking since well before classes ended last month. UNFORTUNATELY, most Ann Ar- bor businesses are simply unable to ac- comodate the influx of summer job seekers. The majority of local businesses slow down for the summer. Instead of opening new positions, employers are forced to lay off or reduce hours of their current staffs. "Most of our employees now want to work more hours than we See STUDENTS, Page 5 Subscribel Cal 764-0558