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• Contract Negotiations • Fraud Investigations  • Credit Investigations • Skip-tracing  • Third-party Commercial Collections John Kenny  Receivables Management For flat fee or commissions basis  john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

Classified Ads---Asset Management

(These ads are “free” to those seeking employment
or looking to improve their position)

Open to Relocate
Richard Brosniak 25+ years progressive experience. I am in search of a career with a growing company. 25+ years’ experience in Credit, Collections Recovery and Remarketing. I will build and train your team, lower your delinquency and increase your recoveries. Please contact via email richardb12364@aol.com

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

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Huntington Bank Doesn't Mention $81 Million Judgment

Despite reporting elsewhere from press releases, Huntington Bank, Columbus, Ohio, first quarter profits dipped by 1%; profits were $151.8 million, down $1.5 million or 1 percent from the first quarter of 2012, and down $15.5 million, or 9 percent, from the fourth quarter.

The 8K filing did not mention the $81 million judgment in the El Camino Resources v. Huntington National Bank (1)

Huntington CEO Steve Steinour

"Although a recent uptick among our business customers of drawing down cash balances to support working capital needs and to fund new projects has negative near-term implications on our balance sheet, we are encouraged by this activity as it suggests improving confidence among business owners and implies a more robust long-term economic outlook," said Huntington CEO Steve Steinour. “Competition continues to pressure asset yields and more recently loan structure, but we will remain disciplined as we manage our aggregate moderate-to-low risk profile"
    pages 9 & 10 8K

Net Interest is down compared to the last three quarters of 2012, including commercial and industrial loans, which includes leasing.

Page 7 Supplemental 8K

Some key numbers from page 15, Supplemental 8K:

“ Tier 1 risk-based capital ratio is up from the fourth quarter of 12.02 to 12.16 and definitely better than first quarter of 2012: 10.55.

“From year-end, number of employees has grown from 11,806 to 12,052; branches from 705 to 717.”

It should be noted Huntington CEO Steve Steinour said the bank will open an additional 35 in-store branches by the end of the year, including two in Columbus-area Giant Eagle stores, according to Columbus Business First.

"Despite shutting nine branches in March, the bank showed a net increase of 12 offices in the three months ended March 31, giving it more than 700 in six states. Huntington has 14 branch offices in Columbus-area Giant Eagle stores and plans to add two more this summer.

“Since launching the Fair Play program in 2010, Huntington has grown its number of checking accounts by one-third to 1.2 million from 900,000, Steinour said. 'The first quarter was a very good quarter as we added another 36,000,' he said."

(1) Huntington Bank Hit with $81 Million Judgment
Check Kite Crashes into El Camino Resources
By Tom McCurnin
http://leasingnews.org/archives/Apr2013/4_15.htm#huntington

Huntington 8k April 17, 2013 (34 pages):
http://www.leasingnews.org/PDF/Huntington8kApril172013.pdf

 

 

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Fifth Third Bank Down 1Q 2013 to 1Q 2012
Despite pre-tax gains and refinancing

Fifth Third Bank, Cincinnati, Ohio posted $422 million for the first quarter of 2013 compared to $430 the first quarter of 2013.

A press release stated, "First quarter 2012 results included $115 million in pre-tax gains on the initial public offering of Vantiv, Inc., $46 million in positive valuation adjustments on the Vantiv warrant and put option, as well as $34 million of charges recorded in equity method earnings in other noninterest income related to Vantiv’s bank debt refinancing and debt termination charges. First quarter 2012 results also included $23 million in income from an agreement reached on certain outstanding disputes for non-income tax related assessments in noninterest expense; a $19 million charge to noninterest income related to the Visa total return swap, additions to litigation reserves of $13 million, debt termination charges of $9 million, and severance expense of $6 million. Net gains on investment securities were $9 million."

Tier 1 Capital was 10.83 for the first quarter of 2013 compared to the first quarter of 2012 at 12.2

Commercial Leasing (in Millions)

March, 2013	$3,556
December, 2012	$3,509
September, 2012	$3,481
June, 2012	$3,469
March, 2012	$3,543

SEC Filing not available, but here is full press release:
http://www.leasingnews.org/PDF/FifthThirdBankInvestorPR.pdf

US Bank Weathering Mortgage Storm/Leasing So-So

As reported earlier, and as expected, the major banks have been hit by the same issue, such as experienced by Wells Fargo for instance: shrinking net interest margins and declining mortgage revenues. One of the problems is that many of the banks have exhausted the loans that can be refinanced, losing origination figures as well as declining interest margins.

CEO Richard K. Davis in a telephone conference stated, "Although a total net revenue of $4.9 billion was slightly lower than the same quarter of last year and the previous quarter due to a reduction in total expense, we achieved positive operating leverage year-over-year and linked quarter. Total average loans grew year-over-year by 5.8% and as expected, 1% or 4% annualized linked quarter. We experienced strong growth in total average deposits of 7.3% over the prior year and 0.5% over the fourth quarter of 2012. Credit quality remained strong."

Andrew Cecere, Vice Chairman and Chief Financial Officer in the telephone conference noted:

"The 7-basis-point decline in net interest margin was primarily due to lower loan and securities rates and seasonally lower loan fees. On a linked quarter basis, noninterest income was lower by $164 million or 7%. This unfavorable variance was primarily the result of a decrease in Mortgage Banking revenue and seasonally lower payments and deposit service charges, as well as commercial products revenue. The variance in Mortgage Banking revenue largely reflected lower origination and sales revenue, offset by favorable variances in the addition to reps and warranty repurchase reserve and mortgage servicing rights valuation." (1)

The banks is weathering the story, as well as the Tier 1 Capital Risk-based capital ratio 13.2 is very healthy, but the loan business, including margins for the top credits has resulted in less business, as evidenced by the numbers below:

Leasing Finance (in Millions)

1Q, 2013	$5,378
4Q, 2012	$5,377
1Q, 2012	$5, 822

Page 8 Press Release

(1) Seeking Alpha Transcript:
http://seekingalpha.com/article/1345341-u-s-bancorp-management-discusses-q1-2013-results-earnings-call-transcript?page=2

US Bancorp Press Release:
http://www.leasingnews.org/PDF/USBank1stQuarter4192013.pdf

 

MicroFinancial Originations Down, but Income Revenues Up
TimePayment Included

MicroFinancial, Burlington, Massachusetts, specialists in microleasing, with minimum of $500, reported "Revenue for the quarter ended March 31, 2013 increased 7.4% to $15.3 million compared to $14.2 million in the first quarter of 2012 due primarily to increases in leasing revenues associated with our new lease originations and an increase in rental income.

"Income on leases was $10.2 million, an increase of $0.6 million from the same period last year, and rental income was $2.5 million, an increase of $0.2 million from the same period last year. Other revenue components contributed $2.6 million, an increase of $0.3 million from the same period last year."

Richard Latour
President/CEO

" Despite the decline in origination dollars year over year, we realized a 7.8% increase in the number of applications and a 9.0% increase in the number of contracts originated," Richard Latour, President and Chief Executive Officer said. "The decrease in origination dollars resulted from a decline in the average funded amount from approximately $5,400 in the first quarter of 2012 to $4,600 in the first quarter of 2013. Total revenues increased by 7.4% and net income improved 12.7% from the first quarter of 2012. Net charge-offs declined by $1.0 million and cash received from customers increased by $1.9 million as compared to the first quarter of 2012."

"We approved 255 new dealers during the quarter. In addition, we realized a 10.9% after tax return on average equity and a 5.4% after tax return on average assets."

Quarterly Highlights:

• Net income increased by 12.7% to $2.3 million or $0.15 per diluted share on 14,786,580 shares;

• Increased cash received from customers by 6.6% to $31.0 million, representing $2.10 per diluted share as compared to the first quarter of 2012;

• Increased total revenues by 7.4% to $15.3 million as compared to the same period last year;

• Contract originations were $20.1 million, down from $21.6 million for the same period in 2012;

• Reduced net charge-offs by 20.1% to $4.2 million as compared to the same period last year; and

• Paid a quarterly dividend of $0.9 million during the first quarter, representing $0.06 per share.

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Best Performing Regional Banks 2012
By Andrew Wolcott and Marshall Schraibman, SNL Financial

BankUnited Inc. landed at the top of SNL's regional bank ranking for 2012, the company's first year of eligibility. There were still plenty of familiar faces from last year's ranking – Little Rock, Ark.-based Bank of the Ozarks Inc., Searcy, Ark.-based First Security Bancorp, and Houston-based Prosperity Bancshares Inc. all still hold spots in the top 10.

BankUnited became eligible for our rankings after converting to a bank holding company in March 2012. SNL used the financial data of its subsidiary, BankUnited NA, since complete regulatory financial information was not available for BankUnited Inc. BankUnited NA still meets the number of offices, asset and capital criteria for this analysis.

BankUnited NA posted a net interest margin for 2012 of 6.35%, the highest of any company considered in our ranking. Despite its exemplary performance, the parent company was trading at just 140.25% of tangible book value, a discount to SNL's U.S. assets-over-$10-billion index, which sits at 149.34% of tangible book. They have been embroiled recently in a dispute concerning the potential Chapter 11 bankruptcy of St. Petersburg, Fla.-based Universal Health Care Group Inc.

The Southeast and West regions tied for highest number of banks in the top 25, each with seven. Half of all Western banks considered in the analysis made the top 25. The Midwest and New England fared the worst, with only 14.81% and zero percent, respectively, of banks in those regions featured in the top 25.

Prosperity Bancshares moved up one spot from last year to No. 2 in the rankings. Prosperity grew its assets nearly 50% in 2012 after completing four bank acquisitions during the year. It also continued to profit from the growth of the Texas economy, which is riding the coattails of an oil boom.

In the No. 3 spot was First Republic Bank, another newcomer to SNL's ranking after falling short of the office threshold for the 2011 ranking. First Republic was the biggest bank by assets in the top 25, catapulting themselves into the top five through great asset quality, with an adjusted Texas ratio of 1.89% and a net charge-offs-to-average-loans ratio of just 0.01%. 2012 was also the first year First Republic declared a common equity dividend, paying out 10 cents per share on Aug. 15.

The median price-to-tangible book for public companies in the top 25 was 205.5%, almost 20 percentage points higher than the median of public companies in last year's top 25. In comparison, PTBV growth of the SNL U.S. Bank index remained relatively flat over the same time period. Bluefield, Va.-based First Community Bancshares Inc. was the cheapest public company in the top 25 on a price-to-earnings basis. First Community has paid a steady dividend since 1991, recently increasing its dividend 9% to 12 cents per share earlier this year.

Definition: SNL ranked the best-performing regional banks using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ended Dec. 31, 2012. The metrics used were: return on average tangible common equity, net charge-offs as a percentage of average loans, adjusted Texas ratio, efficiency ratio, net interest margin and loan growth. SNL measured each company's standard deviation from the mean of each metric. The standard deviations, which were equally weighted, were then added together to calculate a performance score for each company. Cap and floors were also implemented to prevent significant outliers from skewing a company's rank.

For the purposes of this ranking, SNL defines regional banks as banks below $50 billion in assets with a branch network consisting of greater than 60 offices. Additionally, to be included in the analysis, banks had to be well-capitalized according to regulatory standards. Thrifts were also excluded from the analysis. Based on these criteria, 100 companies were included in the ranking.

Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry. He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale. 502.649.0448/WindersConsulting@yahoo.com

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

Letter of Credit’s Interpretation Limited to
Face of the Letter of Credit
By Tom McCurnin
Leasing News Legal News Editor

Court of Appeals Correctly Follows Law to Only Look at the
Four Corners of the Letter of Credit

There’s an American idiom, which loosely paraphrased says “not to lock the barn door after the cattle are gone.” Applied to documenting deals, it’s pretty ineffective to complain about the language in a deal 4 years after it’s been inked. A Kentucky Bank and a shopping center owner should have probably looked that idiom up before doing this deal involving a Letter of Credit.

I use Letters of Credit on dicey deals all the time. Many lessees simply don’t have the credit to support the lease of a large capital item, and in some instances the capital item may not have the resale value after protracted litigation, foreclosure and resale. It is for this reason that many lessors use Letters of Credit (“L/C”) to as credit enhancements for shaky deals, residuals, or buyouts.

Today’s case is Louisville Mall Associates, LP v. Wood Center Properties, LLC, 361 S.W.3d 323 (Ky. Ct. App. 2012). Banks rarely issue L/Cs for more than a year, but credit deals are generally more than a year. So, as a compromise, the Bank is required to send a notification that it won’t renew the L/C. The failure to the renew the L/C is generally a condition of default. The notification is generally sent about 60 days before expiration, so the Bank pretty much knows that they have 60 days of exposure and the creditor will probably draw against the L/C—that is of course, if the Bank actually sends out the notification.

The Bank failed to send out the notification, and the L/C allegedly expired, and soon after the expiration, the borrower defaulted and presumably thought it could safely do so, because the L/C was presumably gone. Alas, no one knew that the Bank failed to send out the proper notice. The Creditor drew against the L/C, the Bank realized its error, but the fact was that without the notification, the L/C was still in play.

The other issue was the magic language required to be placed on the L/C. Most L/Cs have specific language which simply states “if you give Bank the following pieces of paper that say the following things then the Bank will pay the creditor the stated amount on the L/C without regard to the terms of the underlying agreement with the borrower.” Thus, the Bank is not expected, nor entitled, to look beyond the L/C and the attached pieces of paper to determine whether the statements they contain are true. Typically, the L/C requires the creditor drawing on the L/C to submit a draft, an invoice, and a certification that the amount is owing. Here, the Debtor argued that the Court should look to documents outside the four corners of the L/C to determine if the magic language was sufficient.

Here, the Creditor supplied the necessary magic language on the draft, and the lower court held that (1) The L/C had not expired because there was no notice of expiration, so it was automatically renewed; and (2) the Creditor supplied the magic language required on the draft.

On appeal, the Court of Appeal affirmed holding that only the language in the four corners of the L/C mattered.

The lessons for the equipment lessor here are to consider using Letters of Credit as credit enhancements for bad deals. In the world of leasing they can collateralize a balloon payment or a residual. But if the lessor decides to use a Letter of Credit, the terms of the Letter of Credit must be complete in and of themselves, and a Court will not be able to look at other documents outside the Letter of Credit to decide whether or not to enjoin the payment of the Letter of Credit.

This way, the Creditor will know exactly what it is agreeing to and what has to be on the Draft.

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.

Letter of Credit Case:
http://www.leasingnews.org/PDF/LetterofCreditCase4192013.pdf

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

Broker/Lessor Relationship Manager Canada Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada. Promote the FinPac product and develop new sources of business. Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA. Base salary plus commission plan. Please click here for more information. www.finpac.com Since 1975 serving the broker/lessor industry in the $5,000 to $50,000 marketplace.

 

 

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New Hires---Promotions

Ian Fine has been named Relationship Manager at CIT Vendor Finance; greater Denver area. Previously he was inside sales representative, Key Equipment Finance (September, 2006-April, 2013), recruiter, Maxim Healthcare Services (September, 2005-September, 2006).University of Scranton (University of Scranton (2000 – 2003).www.linkedin.com/pub/ian-fine/9/820/526

Mike Foster named business development manager for EverBank Commercial Finance, Parsippany, New Jersey; based out of Mount Laurel, New Jersey. " (He)...will be responsible for originating and managing vendor programs across the EverBank Commercial Finance healthcare platform. Specific markets include imaging, surgery and healthcare technology, though he will also focus on developing new segments across the healthcare spectrum in his new role," said Justin Tabone, Vice President of Healthcare Business Development. Previously Foster was senior business development manager, Marlin Business Services (September, 2008-February, 2013). Wholesale account manager, LNB Commercial Capital (July, 2007-August, 2008), wholesale mortgage account executive, Greenpoint Mortgage, Wilmington finance/Countrywide SLF (July, 2000-June, 2008), sales associate, MBNA America (November, 1998-May, 1999), intern, First Union National Bank (1998-1998), intern, Morgan Stanly (May, 1997-August, 1998). PJM Generation system Operator, PJM (2012-December, 2015), Independent coursework, PJM System Operator class offered by OES-NA Wilmington Finance Presidents Club 2005,Rookie of the Year Marlin Leasing 2009, University of Delaware, B.A, Economics (1996 – 2000), Eastern Regional High School (1993 – 1996)
www.linkedin.com/pub/michael-foster/7/447/645

Timothy Morris was named sales manager for CIT Vendor Finance. " (He)...has almost 20 years of experience in the healthcare market, most recently with London Leasing where he served as Strategic Sales Lease Manager for their healthcare division. Prior to London Leasing, he founded MedTech Funding Group, which focused on diagnostic imaging, medical software, ophthalmic, ENT, Endoscopy and surgery equipment. Before founding MedTech, Morris worked at Summit Funding Group, Everbank and Court Square Leasing. "Georgia Southern University, Bachelor's degree (1986 – 1991) www.linkedin.com/pub/tim-morris/b/153/81

Scott Oshel has joined Beacon Funding, Northbrook, Illinois. "Based in Robbinsville, N.J., Scott’s primary responsibility at Beacon will be to help his business clients acquire the equipment they need to grow. He will also help equipment dealers increase sales by expanding the competitive payment options they offer to clients. Scott has a comprehensive background in a variety of equipment types and a variety of industries, including construction, recycling, supermarkets, restaurants, trucking and pharmaceutical. He has funded deals for refrigeration, Astroturf, paper and metal recycling systems and unique items for the hospitality industry." Previously he was at First Financial Business Funding, previously known as First Financial Brokerage.
www.linkedin.com/pub/scott-oshel/37/234/47a

Charles Phillips was named sales manager for CIT Vendor Finance, Healthcare. Previously he was senior business development manager, Marlin Business Services, Marlin Healthcare Finance Group (April, 2011-Present), vice president, business development officer, Trinity Vendor finance, a division of Bank of the West (September, 2010-December, 2010), business development officer VGM Financial Services, an affiliate of TCF Equipment Finance (April, 2009-Setempber, 2010), vice president, vendor sales, Huntington Equipment Finance, a division of Huntington Bank (November, 2007-December,2008) vice president, new business development, De Lage Landen Financial Services (April, 2002-October, 2007), managing director of national accounts, CitiCapital formerly Copelco Capital (October, 1993-March, 2002). University of Georgia - Terry College of Business, BBA Finance, Finance, Accounting, Marketing (1974 – 1977) www.linkedin.com/in/charlesphil

William Tice was named sales manager for CIT Vendor Finance. Previously he was chief commercial officer, MedVentures, LLC (2010--February, 2013), president, owner, Integrity Medical Capital (2003-February, 2013), vice-president, PFG Medical Finance (2002-2003), vice president, founder, owner, the Hillside Group (1992-2002), vice-president, MLC International (1986-1992), new business development manager, American Medical Optics (1983-1986), Series 7, license. Pepperdine University, The George L. Graziadio School of Business and Management, MBA, Business (1980 – 1983), BS University of Missouri, Bachelor of Science (BS), Business, Management, Marketing, and Related Support Services (1974 – 1976). www.linkedin.com/pub/william-tice/18/499/a1

 

Leasing Industry Help Wanted

 

 
 

Business Development Officer Baltimore-Washington DC Area Existing client base a plus, work from corporate office as needed. Salary plus commission structure, benefits, expense plan. Allan Levine 443 796 7337 Nancy Pistorio 443 796 7325 Email: Alevine@madisoncapital.com or npistorio@madisoncapital.com A great place to work www.madisoncapital.com 35 years equipment & vehicle financing full service direct funder for small to mid-ticket transactions, with syndication abilities for large ticket.

Broker/Lessor Relationship Manager Canada Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada. Promote the FinPac product and develop new sources of business. Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA. Base salary plus commission plan. Please click here for more information. www.finpac.com Since 1975 serving the broker/lessor industry in the $5,000 to $50,000 marketplace.

 

 

Please see our Job Wanted section for possible new employees.

 

Global Leasing Employment Index Posts Slight Drop Q1
ZRG Partners Report

ZRG’s Global Equipment Leasing and Asset Finance Hiring Index posted a slight decrease in overall hiring demand, ending the quarter at 54.5, down 3.4% in the quarter.

The USA showed a retreat in the quarter on a percentage basis but still has strong overall demand from the bank leasing sector and from the independents that are seeking growth in 2013. However, Caterpillar’s Q1 earnings announcement indicates slower sales abroad could be a warning of less opportunity as captives seem to be holding on headcount.

In Europe, Germany and France both showed another quarter of slower hiring requirements, making it now four straight periods of decline. However, the UK reversed the trend and led the region with new opportunities turning to the positive side.

Chile and Brazil both had less hiring activity reported in the quarter but Mexico stayed consistent with Q4 levels.

While hiring demand was down in 6 of the 10 regions tracked in the Index, there was some positive news for employees in the sector. Leading this in Q1 was China, which bounced back after a slower Q4 to claim the biggest growth market for new job opportunities on a percentage basis. Recent reports on increased infrastructure spending could continue to create lending opportunities in the region and result in continued hiring growth in China throughout 2013.

However, the other parts of the BRIC regions all posted less demand with India, Russia and Brazil all indicating less hiring needs during the quarter. While the current numbers point to less demand, ZRG is seeing increased boardroom discussions around the India topic as many multi-nationals see this market as having room for new entrants, favorable lending conditions and long-term growth while some core geographic markets seem flat.

Full Report
http://www.leasingnews.org/PDF/2013-Q1-GELAF-Hiring-Index-16-APR-2013.pdf

 

ZRG Global Practice Leaders
Larry Hartmann lhartmann@zrgpartners.com
Ken Vancini kvancini@zrgpartners.com
Ken Lubin klubin@zrgpartners.com

ZRG Global Offices
UNITED STATES
Massachusetts, Boston (Corporate Office)
T: +1-508-366-5800
California, Los Angeles
T: +1-949-856-2757
Connecticut, Hartford
T: +1-860-561-8499
New Jersey, West Orange
T: +1-201-560-9900

### Press Release ############################

Balboa Capital Becomes Preferred Lender
for Papa John’s Franchisees

(Leasing News has received many complaints about this company
with nine appearing in www.leasingcomplaints.com)

Irvine, CA - Balboa Capital, a leading provider of franchise financing in the United States, announced it has become a preferred lender for Papa John’s current and prospective franchisees nationwide. Balboa Capital will provide tailored financing solutions for furniture, fixtures and equipment (FF&E), re-imaging/remodeling efforts, product improvement programs (PIP) and lease-hold improvements. Balboa Capital has a successful track record working with franchise business owners in the quick service restaurant (QSR) industry and recently expanded its franchise division to meet the growing demand of this business sector.

Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group, established the financing partnership with Papa John’s. “Balboa Capital is extremely proud to have secured a preferred lender position with Papa John’s,” said Ms. Stoltenberg-Anderson. “We developed a financing program for Papa John’s that will meet and exceed the expectations of their franchisees throughout the country.” Balboa Capital is a direct lender, and the company’s franchise financing program is backed by aggressive rates, rapid funding and excellent customer service. Balboa Capital recently conducted a survey of 300 of its customers, and over 98% of them gave the company the highest satisfaction marks possible. For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com

About Papa John’s International
Headquartered in Louisville, Kentucky, Papa John's International, Inc. is the world's third largest pizza company. For 11 of the past 13 years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John's is the Official Pizza Sponsor of the National Football League. For more information about the company or to order pizza online, visit Papa John's at http://www.papajohns.com.

About Balboa Capital
Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, industry-leading technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Celebrating 25 years in business in 2013, Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. In addition to franchise financing, the company’s capabilities include equipment leasing, commercial financing, small business loans and equipment vendor financing.

#### Press Release #############################

www.leasingcomplaints.com

 

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#### Press Release #############################

Research on Financial Leasing Industry in China, 2013-2017
researchandmarkets.com

The rapid development of China's financial leasing industry in 2012 was remarkable. In 2012, the business turnover of China's financial leasing was CNY 1.55 trillion, increasing by approximately CNY 620 billion compared with CNY 930 billion in the end of 2011, the growth rate was 66.7%.

As of the end of 2012, the number of the domestic financial leasing companies was almost 560, increasing by almost 300 over 2011; the number of foreign-funded leasing companies was 460, increasing by 250 compared with 2011; the growth rate was more than 100%.

At the end of 2012, the registered capital of financial leasing companies was CNY 189 billion, up 36.2% YoY; industry capital adequacy ratio was 12.2%, including CNY 62.2 billion of financial leasing registered capital; registered capital increased by 17.8%. At the same period, the registered capital of foreign capital lease was CNY 90.4 billion, up 76.9% YoY.

In terms of competitive landscape, at the end of 2012, the business turnover of lease contract of 20 financial leasing companies was CNY 660 billion, accounting for more than 40% of the total business turnover of financial leasing industry. The industry concentration ratio is high. In 2012, the listed companies successively set foot in financial leasing industry, which may intensify market competition. Since Dec of 2012, Kinwa, Anyang Iron and Steel, Xinzhu Corporation, Jinggong Science & Technology, Furuitezhuang, Chihong Zn & Ge and some other listed companies have announced to carry out finance least business.

The publisher holds the view that China's financial leasing market penetration rate is only about 5%, while this number in European and American market is about 20%. In terms of the international horizontal comparison and the economic growth of China, as world's second largest economy, China's financial leasing industry has huge space for development. It is expected that the scale of the overall leasing industry in China will exceed CNY 10 trillion in 2020; the CAGR will be about 30%; leasing penetration rate will surpass 10%. Financial leasing industry in Beijing, Shanghai, Tianjin, Shenzhen, Hangzhou, Xiamen, like that in developed countries, has become an important complement to bank credit and securities financing. In these cities, a scientific and stable funding system will begin to form.

Table of Contents
http://www.researchandmarkets.com/reports/

#### Press Release ##############################

Fernando's View
By Fernando F. Croc

A pair of wildly different inspirational movies ("To the Wonder," "42") hit theaters, while classical adaptations ("Wuthering Heights"), heartfelt dramas ("Promised Land"), and punk comedies ("Repo Man") come to DVD shelves

In Theaters:

To the Wonder (Magnolia Pictures): Legendary filmmaker Terrence Malick follows the modern classic "The Tree of Life" with another profoundly personal, stylistically unique drama, this time chronicling a difficult romance. The story follows a young couple, an American geologist named Neil (Ben Affleck) and an European dancer named Marina (Olga Kurylenko), who meet in France and then move to a small Oklahoma town. Though at first dizzy with love for each other, they quickly have their feelings tested. Marina has difficulty adapting to the new country, while Neil finds himself drawn to a former girlfriend (Rachel McAdams). Meanwhile, a melancholy priest (played by Javier Bardem) wanders around the city, trying to come to terms with the human misery around him. Though perhaps too experimental for viewers looking for a simple love story, this is an unmissable work from a great cinematic artist.

42 (Warner Bros. Pictures): Jackie Robinson, the legendary baseball player who broke through sports as well as racial barriers, receives an appropriately dignified tribute in this biopic directed by Brian Helgeland. Taking place in the late 1940s when black athletes were barred from most teams, the film follows Robinson (played by Chadwick Boseman) as he's signed as part of the Brooklyn Dodgers by executive Branch Rickey (Harrison Ford in a deliciously peppery performance). The controversial decision is met with hostility from fans and other players alike, which only heightens this portrayal of Robinson as a man transcending confrontations and bringing people together at the stadium. Though hardly surprising, this sports drama is guaranteed to be a crowd-pleaser with audiences.

Netflix Tip: Fondly known as "the father of inspirational comedy," legendary comic Jonathan Winters (1925-2013) was as explosively funny on screen as he was on stage. As a homage, check out his film roles on Netflix, which include "It's a Mad Mad Mad Mad World" (1963), "The Russians Are Coming, the Russians Are Coming" (1966), "Moon Over Parador" (1988), and the documentary "Certifiably Jonathan" (2007).

On DVD:

Wuthering Heights (Oscilloscope): Emily Bronte's classic 19th-century novel about doomed lovers has been filmed several times before, but rarely with such a visceral touch as in this new version, directed by Andrea Arnold ("Fish Tank"). Set in the windy, foggy moors of Yorkshire, England, the plot follows the anguished and often cruel romance between Heathcliff (played by James Howson), an adopted boy brought to an isolated farm known as Wuthering Heights, and Cathy (Kaya Scodelario), the daughter of the man of the house. Though a strong bond forms between them as children, various societal barriers keep them apart, which leads to Cathy being married to someone else while Heathcliff returns with vengeance on his mind. Filming with a powerful, almost impressionist feeling for earthy textures, Arnold brings a palpable immediacy to this timeless story.

Promised Land (Universal): Matt Damon teams up with his "Good Will Hunting" director Gus Van Sant for this heartfelt tale with a vital message. He stars as Steve, an experienced salesman for a natural gas company who's just one assignment away from being promoted to top management. That assignment takes him and his co-worker Sue (Frances McDormand) to a rural Pennsylvania town, where they proceed to convince the struggling residents to sell off their land. Complications soon arise, however, when a mysterious environmentalist (John Krasinski) warns people about the dangers of drilling, and Steve begins to fall for a local schoolteacher (Rosemary DeWitt). Can truth and emotion win over greed? Though the arc of the story is predictable, Van Sant and the cast (which also includes Hal Holbrook) inbue it with enough humanistic details to develop satisfying drama as well as environmental urgency.

Repo Man (Criterion): A scrappy, anarchic comedy that's developed a strong cult following, this 1984 sleeper overflows with subversive wackiness. Emilio Estevez stars as Otto, a frustrated punk teenager who, fed up with the conformist life all around him, decides to dive into the volatile subculture of repossession agents. With wise old mentor Bud (Harry Dean Stanton) by his side, he learns the ropes of the dangerous business. Along the way, however, things take a turn to the bizarre when he stumbles upon a young woman (Olivia Barash) on the run from shadowy agents, leading to a fugitive lunatic with a mysteriously glowing car trunk. Full of low-budget inventiveness, weird sight gags and memorable lines, director Alex Cox's movie is a hilariously rebellious hodgepodge that grabs the straight-laced 1980s and gives it a good shake.

 

((Please click on ad to learn more))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

 

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Classified Ads---Employment Web Sites

Here is a list of top internet job web sites, several specializing in financial, money, and leasing, too.

www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.careerbank.com
www.careerbuilder.com 
www.careerpath.com
www.careerjet.com
www.craigslist.org
www.employmentcrossing.com 
www.FinanceLadder.com 
http://www.findhow.com/
www.hotjobs.com
www.Hound.com 
www.jobapplicationcenter.com 
www.indeed.com
www.jobs.net
www.jobs-applications.com
www.jobssearchengine.net
www.jobsearchusa.org 
www.JobSpin.net
www.jobsinthemoney.com
www.ladders.com
www.leasingworld.co.uk
www.lessors.com
www.LinkUp.com
www.MarketingJobs.com
www.monitordaily.com
www.monster.com
www.monstertrak.monster.com/ 
www.Postonce.com 
www.RecruiterConnection.com
www.resumeblaster.com
www.snagajob.com/part-time-jobs/
http://thejobfind.info/submit/
www.topjobapplications.com/ 
www.toplanguagejobs.com 
www.vault.com
www.vetjobs.com
www.worktree.com

Labrador Retriever/Boxer Mix
Columbus, Ohio Adopt-a-Dog

Nena
Sex: Female
Labrador Retriever/Boxer Mix
Color: Black
Age: Adult
Size: Med. 26-60 lbs. (12-27 kg)

I am already spayed, housetrained, and up to date with shots.

Nena's Story...

"Nena is a sweet year old lab and boxer mix. She is up to date on vaccines, house trained and spayed. She loves to play and would probably do better with older children. She also would do better with larger dogs. She loves people and is about 55 lbs.

"Nena is a sweet heart and is looking forward to finding her forever home and family that she can love forever."

My adoption fee is $195
Please contact causeforpawsrescue@hotmail.com to meet me!
You must own your home
No children under 5 years of age
You must be at least 25 years old
Contact This Rescue Group...
Rescue Group: Cause for Paws - Columbus Chapter
Contact: Eva Woods
causeforpawsrescue@hotmail.com
Let 'em know you saw "Nena" on Adopt-a-Pet.com!
Address: Columbus, OH 43202

 

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

 

   

 

News Briefs----

 

Rangebound, mortgage rates barely drop
http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx?ic_id=Top_Stories_link_1

Software Sales Bolster Microsoft, Leading to a 19% Rise in Profit
http://www.nytimes.com/2013/04/19/technology/microsoft-profit-rises-19.html

Job market looks fair for 2013 graduates
http://www.upi.com/Business_News/2013/04/18/Job-market-looks-fair-for-2013-graduates/UPI-25251366317596/

BoA says wealth unit posts best results since 2009 Merrill merger
http://www.chicagotribune.com/business/sns-rt-us-bankofamerica-results-wealthbre93g0oi-20130417,0,220542.story

“Desperate” J.C. Penney Draws $850M of Revolver
http://www3.cfo.com/article/2013/4/credit_jc-penney-revolving-line-of-credit-draw-850-million-ken-hannah-gimme-credit

Vidalia onion workers sue Georgia farm
http://www.ajc.com/news/business/vidalia-onion-workers-sue-georgia-farm/nXQgy/

Galaxy S4: When and Where to Get It
http://gma.yahoo.com/galaxy-s4-where-161440236--abc-news-topstories.html

Fresh & Easy grocery selling all US stores, including 5 in Sacramento
http://www.sacbee.com/2013/04/17/5349566/fresh-easy-grocery-closing-all.html

Ann Curry Called Last Months at Today "Torture,"
----Staff Loved "Making Fun" of Her
http://tv.yahoo.com/news/ann-curry-called-last-months-today-torture-staff-150000186-us-weekly.html

[headlines]
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---You May Have Missed

Kate Hudson
http://omg.yahoo.com/photos/2-hot-2-handle-april-15-2013-slideshow/

[headlines]
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SparkPeople--Live Healthier and Longer

SparkPeople--Live Healthier and Longer

7 Hidden Ways to Get Better Sleep
Go From Restless to Well-Rested in No Time
http://www.sparkpeople.com/resource/wellness_articles.asp?id=420

 

[headlines]
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Spring Poem

The Tax Poem

Tax his land, tax his wage,
Tax his bed in which he lays. 
Tax his tractor, tax his mule, 
Teach him taxes is the rule.

Tax his cow, tax his goat, 
Tax his pants, tax his coat. 
Tax his ties, tax his shirts, 
Tax his work, tax his dirt.

Tax his chew, tax his smoke, 
Teach him taxes are no joke. 
Tax his car, tax his grass, 
Tax the roads he must pass.

Tax his food, tax his drink, 
Tax him if he tries to think. 
Tax his sodas, tax his beers, 
If he cries, tax his tears.

Tax his bills, tax his gas, 
Tax his notes, tax his cash. 
Tax him good and let him know ,
That after taxes, he has no dough.

If he hollers, tax him more, 
Tax him until he's good and sore.
Tax his coffin, tax his grave, 
Tax the sod in which he lays.

Put these words upon his tomb, 
"Taxes drove me to my doom!" 
And when he's gone, we won't relax,

We'll still be after the inheritance tax.

- -Author unknown

 

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Sports Briefs----

 

Eagles Schedule
http://www.nj.com/eagles/index.ssf/2013/04/nfl_

49ers' 2013 schedule starts with home game with Green Bay Packers
http://www.contracostatimes.com/breaking-news/ci_23057102/report-49ers-2013-schedule-starts-home-game-green

 

[headlines]
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California Nuts Briefs---

California jobless claims take big tumble
http://www.bizjournals.com/sacramento/news/2013/04/18/california-jobless-claims-tumble-13k.html

Auditor: CA special license plate money not collected, misspent
http://blogs.sacbee.com/capitolalertlatest/2013/04/auditor-special-license-plate-money-not-collected-misspent.html

Documents: Bolt trouble found years before pieces failed on new San Francisco-Oakland bridge
http://www.washingtonpost.com/business/documents-caltrans-identified-problems-with-bolt-contractors-years-before-pieces-failed/2013/04/18/db4ad5a6-a803-11e2-9e1c-bb0fb0c2edd9_story.html

UCLA receives most freshman applications of any U.S. public college
http://www.latimes.com/local/lanow/la-me-ln-ucla-freshman-applicants-public-college-20130418,0,4625237.story

CA lawmakers OK funds to take guns from prohibited owners
http://blogs.sacbee.com/capitolalertlatest/2013/04/california-lawmakers-approve-funds-to-take-guns-from-prohibited-owners.html

SF Bay Area home prices soar
http://www.mercurynews.com/business/ci_23054077/bay-area-home-prices-up-12th-straight-month

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Santa Barbara Chardonnay
http://www.nytimes.com/2013/04/24/dining/reviews/rehabilitating-the-image-of-chardonnay.html?ref=dining

Napa Vintner George Vare Dies at 76
Man behind Geyser Peak and Luna Vineyards was a businessman and an innovator
http://www.winespectator.com/webfeature/show/id/48320

Mike and Kendall Officer finally have a winery of their own to call home
http://www.winespectator.com/blogs/show/id/48317

Grgich, 90, looks at accomplishments
http://www.pressdemocrat.com/article/20130417/

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

  

   1631 - English colony of Massachusetts Bay granted Puritans voting rights and John Winthrop was elected 1st governor of Massachusetts. 
    1675-- Katen Tekakwitha - Mohawk- Algonquian, baptized this day. She was the first Native American proposed for sainthood in the Roman Catholic Church. Raised by an anti-Christian uncle after her parents died when she was four. When she was 19 she followed in her mother's footsteps and was baptized Christian. It is said she faced bigotry by Mohawks who opposed Christianity and saw it destroying their way of life. She was pious and refused to marry further separating her from the Indian culture. It is said she lived a "life of great spirituality and asceticism." After her death at age 24 miracles were attributed to her and in 1884 a plenary council of the Roman Catholic Church, meeting in the U.S. petitioned Rome for her canonization. The move was seen as a step to influence Indians to accept the church that accepted them as well as to recognize miracles attributed to her. In 1943 she was "recognized as possessed of heroic virtue," but no further action has been taken for her canonization. 
    1775- Paul Revere, William Dawes and Samuel Prescott started at about 10pm, Eastern Time, to warn American patriots between Boston, Massachusetts and Concord, Massachusetts of the approaching British. Revere never completed the ride as he was captured by the British. The poem only remembers the one rider. Henry Wadsworth Longfellow’s poem about Paul Revere, published in 1861, was written to impress northerners during the Civil War of the necessity of fighting for liberty:
“One, if by land, and two, if by sea:
And I on the opposite shore will be,
Ready to ride and spread the alarm
Through every Middlesex village and farm
For the country fold to be up and to arm.”
From Richard Shenkman’s, “ I love Paul Revere whether he rode on Not:
President Harding worries about Paul Revere:
“Imagine for a moment in 1923, Al Capone is assembly an army of gun-toting henchmen in Chicago. (They will number 700 before he is through.) Cotton farmers in the South are sunk in depression. The Ku Klux Klan is on the rise. Newspaper headlines tell of corruption in the Veterans Bureau (the director has had to resign). Rumors in the capital hint of the coming Teapot Dome Scandal (Eventually two secretaries in the cabinet will go to jail, convicted of corruption.) But these are not the things that concern the president of the United Sates. What worries Warren Harding---touring the country on a campaign swing that will prove to be his last---is a recent attack on the legend of Paul Revere. An iconoclast had noted that Revere never completed the ride made famous by Longfellow. Before giving warning to Concord, Revere was discovered by the British and captured. They kept his horse, but released him, not knowing his mission, but wanting his horse as “tribute.” Dawes horse fell during the long and rough trip and could not finish. Harding, however, told the crowd he didn’t care. “I love the story of Paul Revere,” the president intoned in his most presidential-sounding voice, “whether he rode or not.” The fact is Paul Revere did ride, but it was Samuel Prescott who finished and actually made the warning known. The Minutemen were prepared for the British attack on April 19.
    1818 -- A regiment of Indians and blacks is defeated at the Battle of Suwanna, in Florida, ending the first Seminole War.
    1829--Birthday of Katherine Russell (Mother Mary Baptist), established homes in San Francisco for prostitutes, unemployed women, the aged and infirmed, and founder of St. Mary’s Hospital
in San Francisco. A House of Mercy for unemployed women opened in 1855, a Magdalene Asylum for prostitutes in 1861, and the home for the aged and infirmed in 1872. The daughter of a well-to-do family, she became a nun in her native Ireland. She headed a group of eight sisters sent to San Francisco to establish a convent and school. During a cholera epidemic her order worked with the city to care for dependent patients at a government hospital. Religious problems arose and Mother Mary purchased the building and named it St. Mary's Hospital, the first Catholic hospital on the Pacific coast. Under her direction the convent opened branches and hospitals in several California cities.
    1847 -- U.S. forces defeat Mexicans at Cerro Gordo in one of the bloodiest battle of the war, one of the turning points of the war. After
purchasing all the land from France, the Southwest was seized in
war with Mexico.
http://www.multied.com/mexican/cerramore.html
    1856-Senator J.B. Weller of California urged passage of a bill to authorize and facilitate the construction of a railroad and magnetic telegraph to the West.
    1857-birthday of Clarence Darrow, American attorney often associated with unpopular causes, from the Pullman strike in 1894 to the Scottsboro case in 1932, born at Kinsman, OH. At the Scopes trial, July 13, 1925, Darrow said: "I do not consider it an insult, but rather a compliment, to be called an agnostic. I do not pretend to know where many ignorant men are sure--that is all that agnosticism means."
    1864 -At Poison Springs, Arkansas, Confederate soldiers under the command of General Samuel Maxey capture a Union forage train and slaughter black troops escorting the expedition. The Battle of Poison Springs was part of broad Union offensive in the region of Texas, Louisiana, and Arkansas. General Nathaniel Banks had led a Yankee force through Louisiana in March and April, but a defeat in northwestern Louisiana at the Battle of Mansfield on April 8 sent Banks in retreat. Union forces nearby in Arkansas were moving towards Banks' projected thrust into Texas with the intention of securing southwestern Arkansas for the Federals. Union General Frederick Steele occupied Camden, Arkansas, on April 15. Two days later, he sent Colonel John Williams and 1,100 of his 14,000-man force to gather 5,000 bushels of corn discovered west of Camden. The force arrived to find that Confederate marauders had destroyed half of the store, but the Yankees loaded the rest into some 200 wagons and prepared to return to Camden. On the way back Maxey and 3,600 Confederates intercepted them. Maxey placed General John Marmaduke in charge of the attack that ensued. Williams positioned part of his force, the 1st Kansas Colored Infantry, between the wagon train the Confederate lines. The regiment was the first black unit in the army, comprised primarily of ex-slaves. The determined soldiers of the 1st Kansas stopped the first two Rebel attacks, but they were running low on ammunition. A third assault overwhelmed the Kansans, and the rout was on. Williams gathered the remnants of his force and retreated from the abandoned wagons. More than 300 Yankee troops were killed, wounded, or captured, while the Confederates lost just 13 killed and 81 wounded. Most shocking was the Rebel treatment of the black troops. No black troops were captured, and those left wounded on the battlefield were brutally killed, scalped, and stripped. The Washington Telegraph, the major Confederate newspaper in Arkansas, justified the atrocity by declaring "We cannot treat Negroes taken in arms as prisoners of war without a destruction of social system for which we contend."
    1865 -Union General William Tecumseh Sherman and Confederate Joseph Johnston signed a broad political peace agreement at Durham Station, North Carolina. The agreement promised a general amnesty for all Southerners and pledged federal recognition of all Southern state governments after their officials took oath of allegiance to the US. The new administration reneged on this, Sherman was roundly criticized publicly in drawing up the agreement that former President Lincoln and General Grant had instructed him to negotiate. The agreement was rejected by President Andrew Johnson, and Sherman and Johnston were forced to reach a new agreement with terms virtually the same as those given Robert E. Lee.
    1880- Birthday of Samuel Earl “Wahoo Sam” Crawford, Wahoo, Nebraska.. Wahoo Sam played pro ball for 20 years with the Detroit Tigers, racking up a career batting average of .309. His record of 312 career triples still stands. He was inducted into the Baseball Hall of Fame in 1957.
    1880 -a major tornado outbreak occurred from Arkansas to Michigan with 22 tornadoes rated F2 or greater. Three F4 tornadoes in Missouri did most of the killing with 68 people killed at Marshfield, Missouri. Another F4 tornado in Missouri was on the ground for 93 miles. 165 peopled were killed in this outbreak and over 500 were injured.
    1906-- Over 3, 000 lives were lost in the San Francisco earthquake, primarily due to the fire that practically destroyed San Francisco after a series of major earthquakes; some 10,000 acres were affected, as far as Mendocino, where farms near the coast actually fell into the ocean. While much damage was caused by the earthquake, it was the seventh Great Fire that burned for four days that contributed to the deaths. Hundreds, perhaps thousands of trapped persons died when South-of-Market tenements collapsed as the ground liquefied beneath them. The earthquake shock was felt from Coos Bay, Oregon, to Los Angeles, and as far east as central Nevada, an area of about 375,000 square miles, approximately half of which was in the Pacific Ocean. There were 135 aftershocks on April 18, and 22 on April 19.
http://memory.loc.gov/ammem/today/apr18.html
http://www.nytimes.com/learning/general/onthisday/big/0418.html 
    1913-Birthday of American composer Kent Kennan, born Milwaukee, Wisconsin. Died: 1 November 2003 , Austin, TX
    1921-Birthday of Barbara Hale, U.S. actor best known for her TV portrayal of Perry Mason's dutiful secretary Della Street.
    1922--Birthday of calypso music pioneer Lord Kitchener, whose real name is Aldwyn Roberts. Died 2000.
http://www.calypsoworld.org/noflash/artists-20.htm 
http://www.nalis.gov.tt/Biography/History_LORDKITCHENER_
    1923- More than 74000 fans attended Opening Day festivities as the New York Yankees inaugurated their new stadium. Babe Ruth christened it with a game-winning three-run homer into the right-field bleachers. In his coverage of the game for the New York Evening Telegram sportswriter Fred Lieb described Yankee Stadium as “The House That Ruth Built,’ and the name stuck.
    1924 - Simon and Schuster, Inc. published the first "Crossword Puzzle Book". 
    1925--the Woman's World Fair, in Chicago opened. The exhibits showed women's progress in major industries and professions and historians considered it as a landmark in the recognition of women's contribution to civilization.
    1927-- Canadian composer and pianist Marian Grudeff was born in Toronto. She and another Canadian, Ray Jessel, were engaged by producer Alexander H. Cohen to write songs for the musical "Baker Street," which premiered in Boston in December 1964. After revisions, the show opened in New York the following February. "Baker Street," based on the story of Sherlock Holmes, was called one of the best musicals of the 1960's.
    1929 - Red Nichols and his Five Pennies recorded the Glenn Miller arrangement of "Indiana" for Brunswick Records in New York City. Players included Benny Goodman, Gene Krupa and Jack Teagarden . The movie “The Five Pennies” http://www.duke.edu/~cfc/
http://www.redhotjazz.com/redn.html
    1932—birthday of gospel vocalist Rev. Cleophus Robinson, Canton, MS
http://www.interstatecd.com/bio/biopage.P+++119321.html
    1934—birthday of vocalist Neal Kimble, New Orleans, LA
    1934-J. F. Cantrell opened the first Laundromat. He called it the”washateria” in Fort Worth, Texas. Four electric washing machines were rented by the hour to those who wished to do their laundry. Hot water and electricity were supplied, but users were obliged to furnish their own soap.
    1936-The singing cowboy, Gene Autry, records "Back in the Saddle Again."
    1938--singer Charlie Pride birthday 
http://www.charleypride.com/
    1941-Sideny Bechet, playing six instruments, records “Blues of Bechet,” Victor 27485)
http://www.lahamjat.com/video/moonoverharlem.html
    1941—birthday of singer Wilson Pickett, Prattville, AL
http://www.rockhall.com/hof/inductee.asp?id=167
    1941-Mike Vickers, saxophone player and guitarist with the British group Manfred Mann, was born in Southampton, England. Leader Manfred Mann, whose real name is Manfred Lubowitz, immigrated to England from South Africa in the early 1960's. His group became part of the "British Invasion" of the North American record charts with such hits as "Do Wah Diddy Diddy," "Pretty Flamingo" and "Mighty Quinn." After the demise of his group, Manfred Mann formed another band called Chapter Three in 1969. In the following decade, this evolved into Manfred Mann's Earth Band, a heavy metal group.
    1942 - Birthday of Pete Gogolak (football: 1st soccer-style kicker in pro football: Buffalo Bills, NY Giants), Budapest, Hungry
    1942-The Toronto Maple Leafs completed the greatest comeback in Stanley Cup playoff history by defeating the Detroit Red Wings, 3-1, in Game 7 of the finals. The Leafs were down three games to none before they evened the series with 4-3, 9-3, and 3-0 victories.
    1942-16 B-25 airplanes of the 17th Bombardment Group,8th Air force, led by Colonel James Harold Doolittle, took off from he U.S. Hornet. Traveling low over the water, they dropped bombs on the cities of Tokyo, Kobe, and Nagoya, and then continued straight on until they ran out of fuel and crash-landed in the Chinese countryside. The raid took the Japanese military establishment by surprise and demonstrated for the first time the vulnerability of the Japanese home islands.
    1943 -- Traveling in a bomber, Japanese Admiral Isoroku Yamamoto, the mastermind of the attack on Pearl Harbor, is shot down by American P-38 fighters.
    1944 - California experienced its worst hailstorm of record. Damage mounted to 2 million dollars as 2 consecutive storms devastated the Sacramento Valley destroying the fruit crop.
    1944 - No. 1 Billboard Pop Hit: ``It's Love-Love-Love,'' Guy Lombardo & His Royal Canadians. It is one of Lombardo's 26 No. 1 pop songs. Lombardo's is the only dance band to ever sell more than 100 million records.
    1946 - Lead vocalist Skip Spence of Moby Grape is born in Windsor, Ontario.
    1950 -- The first transatlantic jet passenger trip is completed.
    1954-Birthday of American composer Robert Greenberg, born Brooklyn,New York.
    1956---Top Hits
Heartbreak Hotel/I Was the One - Elvis Presley
The Poor People of Paris - Les Baxter
Long Tall Sally - Little Richard
Blue Suede Shoes - Carl Perkins
    1957-Army reserve Lieutenant Buddy Knox whose "Party Doll" was a recent Number One, is called up for six months of active duty. Roulette Records' A&R team, Hugo Peretti and Luigi Creatore rush Knox to the studio to cut over 20 songs to ensure his career does not stall while he's in uniform. It does anyway.
    1959--Birthday of Susan Faludi - U.S. author and journalist. known especially for her exploration of the depiction of women by the news media. She won the 1991 Pulitzer Prize for explanatory journalism. Her best known book is Backlash, the Undeclared War against Women. She worked for the New York Times, San Jose Mercury, Miami Herald among other newspapers and was managing editor of the Harvard Crimson when she attended that university.
    1960-Dr. William M. Chardack inserted a wire implant into the heart of Frank Henefelt, a cardiac patient, to test the invention by Dr. Chardack and engineer Wilson Greatbatch, both of Buffalo, NY, patented this day. The battery-powered pulse generator unit tested successfully and was implanted into Henefelt’s abdomen. He lived for 2.5 years with the device. Swedish doctors first implanted a similar device in 1958.
    1964---Top Hits
Can’t Buy Me Love - The Beatles
Twist and Shout - The Beatles
Suspicion - Terry Stafford
Understand Your Man - Johnny Cash
    1965 - No. 1 Billboard Pop Hit: ``Game of Love,'' Wayne Fontana & the Mindbenders.
    1966 - 38th Annual Academy Awards celebration at the Santa Monica Civic Auditorium in Los Angeles. Bob Hope was the host, for the sixth time. He received a gold medal, the Honorary Award for unique and distinguished service to the film industry and the Academy. Other award recipients included Shelley Winters for her Best Supporting Actress role in "A Patch of Blue"; Martin Balsam, Best Supporting Actor for his performance in "A Thousand Clowns". The Best Actor Oscar went to my former Latimer Road neighbor in the Pacific Palisades, Lee Marvin ("Cat Ballou"); and Julie Christie picked up the Best Actress Oscar ("Darling"). The Oscar for the Best Music/Song from a 1965 movie was "The Shadow of Your Smile" from "The Sandpiper" (Johnny Mandel-music, Paul Francis Webster-lyrics). It’s a good thing that the "Oscars" were being broadcast in color this night (the first time) because the Best Director and Best Picture winner was "The Sound of Music" (Robert Wise, producer and director). 
http://www.infoplease.com/ipa/A0149013.html
    1972---Top Hits
The First Time Ever I Saw Your Face - Roberta Flack
I Gotcha - Joe Tex
Rockin’ Robin - Michael Jackson
My Hang-Up is You - Freddie Hart
    1974 - James Brown, the ‘Godfather of Soul’, received a gold record this day for the single, "The Payback". Of the 44 hits that Brown would put on the charts over three decades, he received only one other gold record -- for "Get on the Good Foot - Part 1" in 1972. His biggest pop hits include: "I Got You (I Feel Good)" at number three in 1965, "Papa’s Got a Brand New Bag" at number eight in 1965, "It’s a Man’s Man’s Man’s World" at number eight in 1966, "I Got The Feelin’" at number six in 1968 and "Living in America" at number four in 1986. This song was featured in the Sylvester Stallone film, "Rocky IV". He has been in and out of jail for “Spousal Abuse” and other ailments, but started the singing-dance craze imitated by all those followed him in Rhythm n Blues, including Michael Jackson.
http://www.funky-stuff.com/jamesbrown/ 
http://www.godfatherofsoul.com/
    1975-James Benton Parsons was appointed chief justice of the Illinois Supreme Court by President John F. Kennedy. He is the first African-American chief justice of a state supreme court. Died June 9, 1993 
http://www.jtbf.org/five_firsts/james_b_parsons.htm
    1975-Alice Cooper's first TV special, "Welcome to My Nightmare: The Making of a Record Album" airs.
    1977 - No. 1 Billboard Pop Hit: ``Don't Leave Me This Way,'' Thelma Houston.
    1978 -- The U.S. Senate approves the transfer of the Panama Canal to Panama. 
    1980---Top Hits
Another Brick in the Wall - Pink Floyd
Call Me - Blondie
Ride like the Wind - Christopher Cross
Honky Tonk Blues - Charley Pride
    1981-British progressive rock band Yes announces its break-up. During its 13-year career, the group became one of the world's most popular exponents of intricate, mystical, symphonic rock, despite the fact that they only had one big chart hit, "Roundabout." It went to #13 in 1972. Of course, they reunite on numerous occasions over the years.
    1983-- A suicide bomber kills U.S. Marines at the U.S. Embassy in Lebanon.
    1983 - No. 1 Billboard Pop Hit: ``Come on Eileen,'' Dexys Midnight Runners.
    1985 - Tulane University abolished its 72-year-old basketball program, and shocked the college sports world with the announcement. The school said that charges of fixed games, drug use and payments to players contributed to the shutdown of the basketball program. 
    1985-Wham's "Make It Big" LP is released in China, making it the first Western album to be released there.
    1987-The Philadelphia Phillies’ Mike Schmidt hit the 500th home run of his career with two outs in the sixth inning of a game against the Pittsburgh Pirates. the Phillies rallied to win, 8-6. Schmidt finished his career with 548 homers, seventh on the all-time list at the time.
    1988-Miles Davis played at the San Francisco War Memorial Opera House view the Original Poster for this event at Wolfgang's Vault.
http://www.wolfgangsvault.com/
    1988---Top Hits
Get Outta My Dreams, Get Into My Car - Billy Ocean
Devil Inside - INXS
Where Do Broken Hearts Go - Whitney Houston
I Wanna Dance with You - Eddie Rabbitt
    1990 - Heavy snow blanketed the west central valleys and southwest mountains of Colorado with up to 18 inches of snow. Nine cities from the Mid Mississippi Valley to the Middle Atlantic Coast Region reported record low temperatures for the date, including Fort Wayne IND with a reading of 23 degrees.
    1992 - Albums by Def Leppard, Bruce Springsteen and Wynonna debut in the top four spots on Billboard's pop album chart. The albums are Def Leppard's ``Adrenalize,'' Springsteen's ``Human Touch'' and ``Lucky Town'' and Wynonna's ``Wynonna.'' (Wynonna Judd launches her solo career with the album and drops her last name to distance herself from her success as half of the mother-daughter duo The Judds.)
    1998 - Country group Diamond Rio are inducted into the Grand Ole Opry. The band opens their performance with their first number one hit "Meet in the Middle.
    2001--The San Francisco Board of Supervisors committee approved a plan to give sex change benefits to city employees.
    2003-- In four barricaded cottages in conquered Baghdad, Iraq, US troops find $656 million in US currency, in $100 bills stacked inside galvanized aluminum boxes sealed with blue strapping tape and green seals stamped "Bank of Jordan." On 22 April 2003, in the same Baghdad neighborhood, US troops would find another $112 million, similarly packed, hidden in seven dog kennels.
    2004 - Blink-182 drummer Travis Barker opens a franchise of the popular restaurant chain Wahoo's Fish Taco in Norco, Calif.

NBA Finals Champions This Date

    1962 Boston Celtics

Stanley Cup Champions This Date

    1942 Toronto Maple Leafs
    1959 Montreal Canadiens
    1963 Toronto Maple Leafs