April, Tuesday 22, 2003
This Border ##### Denotes Press Release (Not Written By Leasing News)
This edition is also available in an “up-grade” format, html, where you may
click on the headlines to go to the story, plus is also in this “new” format
posted daily on our website---www.leasingnews.org
Pictures from the Past---2002------Jim Renner/Tom Wajnert
‘After three years as Chairman of the Equipment Leasing Finance Foundation, Tom Wajnert (r), Fairview Advisors completes his term and steps down. Incoming Chair Jim Renner(l), Wells Fargo Equipment Finance present Tom with the Outgoing Chairman plaque and our sincere appreciation for Tom’s work and effort on behalf of the foundation.”
Equipment Leasing Today Magazine, 2002
The Equipment Leasing Association (ELA) created the Equipment Leasing and Finance Foundation in 1989.
This site is designed for further education at all levels, including an intern/mentoring program, plus both academic and commercial information on the leasing industry.
To promote the growth and effectiveness of equipment leasing and finance through programs
Identify, study, and report on critical issues affecting equipment leasing and finance, and
Develop the body of knowledge of equipment leasing and finance for use by the equipment leasing and finance business, academic, and public policy communities.
All products and services development by the Equipment Leasing and Finance Foundation are
FREE! The Foundation relies on your generous support to conduct research to increase the industry’s body of knowledge and to provide products to you. Please consider a tax-deductible contribution today.
ELA is a membership organization that promotes and represents the general interests of the
equipment leasing and finance industry, provides programs of benefit to the industry and its members, leads in the resolution of general industry problems, and promotes high standards of business practices within the industry. ELA's website
Equipment Leasing and Finance Foundation
4301 N. Fairfax Drive, Suite 550
Arlington, VA 22203-1627
Lisa A. Levine, Executive Director
The Foundation is not a membership organization, it is a charitable association supported entirely through donations. All donations to the Equipment Leasing and Finance Foundation are tax deductible, as allowed through the IRS for 501-c3 associations. The average individual contribution is $500 and $5,000 corporately. Please let me know if you have any other questions.
Classified Ads---Jobs Wanted
Sales Manager: Atlanta, GA
Professional. finance mgr. w/formal credit ed./ reg. vp/ secured/unsecured commercial loans/ direct end user network/equip. leasing/structuring small,mid,big ticket transactions. 10+ years NE & SE. Have vendor servicing w/existing and active network of accounts will bring with me. Email:AlanAustin2000@msn.com
Sales Manager: Atlanta, GA
30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth. Email:email@example.com
Sales Manager: New York, NY
I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc.. Email:firstname.lastname@example.org
Sales Manager: Portland, OR. 18+ yrs w/ bank leasing company. Supervised 14-20 sales people. Willing to relocate for the proper position. Or, seeking sales position in current location (13+yrs direct sales). email:email@example.com
Sales Manager: Seattle, WA
Senior level sales professional w/ (20) plus experience in mid market financing & leasing. The last (8) plus years being self employed in middle market brokerage. Email:firstname.lastname@example.org
68 Job Wanted Ads posted at:
Bowie, Kissinger, Weedon--- three new Certified Lease Professionals:
Robert J. Bowie, CLP with Pinnacle Capital, LLC
Alan E. Kissinger, CLP with Financial Pacific Leasing, LLC
Erik F. Weedon, CLP with Financial Pacific Leasing, LLC
“We want to extend our congratulations to our three new CLP’s.
“This brings the number of Certified Lease Professionals to 236. Of those, 217 are currently active in the equipment leasing industry.”
Cynthia Spurdle, Executive Director
The CLP Foundation is the official governing body for the Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism in the leasing industry. This designation identifies and recognizes individuals within the leasing industry who have demonstrated their competency through continued education, testing and conduct. The letters "CLP" behind their name represent a visible recognition of this professional achievement and status.
Top Stories---We’ve Got ‘em!!!
At the www.leasingnews.org web site, you may find the “Top Stories,”
in case you missed one, want to re-read one, or send to a colleague.
Captive & Vendor Report
Captive & Vendor Report
National Venture Capital Association Warns about California Finance License
IMPORTANT NOTICE TO CALIFORNIA VC FIRMS
California Financial Lenders Law
The California Financial Lenders Law (CFL) requires the licensing of persons engaged in the business of making consumer or commercial loans. Currently, venture capital firms that make bridge financing to their portfolio company may be required to be licensed under the CFL, through the Department of Corporations.
Recognizing that there seems to be little public purpose in requiring venture firms to be licensed as a commercial lender, there is currently a bill in the state legislature, AB 169, introduced by Assemblyman Ed Chavez(D-San Gabriel Valley), who is chair of the Revenue and Taxation committee, to exempt venture capital firms from the CFL.
The Corporations Committee of the California State Bar Business LawSection, made up of law firms such as Cooley Godward, Manatt, Phelps & Phillips, Mayer, Brown and Rowe, and Wilson Sonsini is a sponsor an supporter of the bill.
NVCA staff will continue to monitor the progress of the bill. In the meantime, member firms in California should consult with counsel to determine if they should be licensed under the CFL if they are engaged in making "bridge" financing to portfolio companies.
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Credit Card Borrowers Reach New Lows says Fitch
Fitch Ratings As measured by the Fitch Ratings Subprime Credit Card Index, chargeoffs moved higher to 18.9%, up 102 basis points (bps) from last month and the highest level ever reported by the index since its inception, according to the latest edition of 'Credit Card Movers & Shakers', a monthly report examining consumer credit and credit card performance. Key factors contributing to the continued slide in subprime performance include aggressive underwriting, the decline in outstanding principal receivables of subprime master trusts and the weak domestic economy.
For the February collection period, credit card chargeoffs and serious delinquencies moved higher. Fitch's 60 days or more delinquency index posted a seven- basis-point rise to 3.71%, its highest level since February 1998. After falling last month, chargeoffs rose 25 bps to 6.55%, its highest level since April 2002 and 79 bps higher than year-ago levels.
Excess spread, which measures the profitability of securitized credit card securitizations, edged up 6 bps to 6.05%, 101 bps below prior year levels. After several months of stability, excess spread has begun to show some vulnerability, and rising chargeoffs have driven excess spread down. However, excess spread remains well within historical norms, benefiting mostly from reduced funding costs, and continues to provide investors with ample protection against rising chargeoffs.
For a copy of 'Credit Card Movers & Shakers' please visit Fitch's web site at http://www.fitchratings.com/ or contact Market Services at 1-800-853-4824.
Contact: Richard Drason +1-212-908-0641, New York.
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Chase to Exit Auto Leasing Biz in New York and Connecticut Effective July 1
NEW YORK----Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, which together with its affiliates has the largest non-captive auto loan and leasing portfolio in the country, today announced it plans to exit the auto leasing business in New York and Connecticut effective July 1, 2003. Chase's decision was made solely in response to an outdated law, known as "vicarious liability," that holds leasing companies responsible for accidents involving their leasing customers.
"We are being held financially responsible for a negligent driver over whom we have absolutely no control," said Jeffrey Levine, general counsel for Chase Manhattan Automotive Finance Corporation. The Vicarious Liability laws say that no matter who was driving, an accident victim can sue the owner of the vehicle for damages. The owner is defined legally as the person or business whose name is on the title. For a loan, the customer's name is on the title. For a lease, the leasing company's name is on the title. "Leasing enables consumers to drive newer, safer cars more often because the monthly payments are usually lower than on a traditional car loan. Because of this archaic law, millions of consumers in New York and Connecticut will lose an option for leasing a car and will be faced with fewer and more costly financing alternatives," said Mr. Levine.
Chase sent a notice to all Chase-affiliated dealers in New York and Connecticut notifying them that effective July 1, 2003, Chase will no longer purchase lease contracts from them. Chase will honor New York and Connecticut lease contracts dated on or prior to July 1, 2003, as long as funding is completed by July 15, 2003. Additionally, Chase will no longer purchase lease contracts if the lessees are residents of New York, Connecticut or Rhode Island, regardless of the state in which the leases were originated. New York, Connecticut and Rhode Island are the only three states that give unlimited potential exposure to leasing companies even though lessors have absolutely no control over the vehicle or the driver. Chase already exited the auto leasing business in Rhode Island last October following a court case awarding a $28 million judgment against Chase.
"We have made a promise that the minute these laws are repealed, Chase will re-introduce its lease programs to dealers and residents in New York, Connecticut and Rhode Island," said Mr. Levine. Chase remains fully committed to the leasing business in the other 47 states.
Chase Manhattan Automotive Finance Corporation (CAF), together with its affiliates, is the largest bank purchaser of automotive retail installment contracts and leases in the U.S. With a network of more than 12,000 affiliated car dealers and two million customers nationwide, Chase Auto Finance has a portfolio in excess of $40 billion. Headquartered in Garden City, Long Island, Chase Manhattan Automotive Finance Corporation is a wholly owned subsidiary of JPMorgan Chase Bank. JPMorgan Chase Bank is a subsidiary of J.P. Morgan Chase & Co. (NYSE:JPM).
J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $755 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.
J.P. Morgan Chase & Co.
Charlotte Gilbert-Biro, 212-270-7455
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Merrill Lynch Capital Hires Richard J. Remiker to Head Equipment Finance Group
CHICAGO----Merrill Lynch Capital announced that it has appointed Richard J. Remiker as Managing Director of its Equipment Finance Group.
Merrill Lynch Capital Equipment Finance provides structured equipment finance and leasing solutions to non-investment grade private and public companies across a broad cross section of industries and markets throughout the U.S. The group focuses on transactions typically in the range of $10 million to $75 million.
"I am delighted to have Rick join Merrill Lynch Capital's senior management team. Over the coming months and years, Rick will provide vision and leadership for our growing equipment finance platform and position Merrill Lynch Capital as a significant and very successful participant in structured equipment finance and leasing." said Robert E. Radway, Managing Director and President, Merrill Lynch Capital.
"Merrill Lynch Capital is well positioned to be an industry leader in equipment finance, distinguishing itself by market positioning, quality service, and routinely delivering on commitments. The financial breadth and depth of Merrill Lynch provides an unequaled opportunity to make an impact in today's equipment finance marketplace." said Mr. Remiker.
Mr. Remiker previously served as President and Chief Operating Officer of KeyCorp's Commercial Leasing Services division, a leading provider of structured equipment finance and leasing solutions. In his nine years with Key, Mr. Remiker held a number of management roles and is a twenty-one year veteran of the leasing industry. Remiker has been an active member of the Equipment Leasing Association for many years, serving as Chair of the Middle Market Business Council the past two years.
Merrill Lynch Capital is a leading commercial finance business providing a broad range of structured financing solutions to private and public companies nationwide. Based in Chicago and with regional offices nationwide, Merrill Lynch Capital is focused on four major market segments - corporate finance, equipment finance, healthcare finance and real estate finance. Merrill Lynch Capital is affiliated with Merrill Lynch Bank USA.
Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 36 countries and total client assets of approximately $1.3 trillion. As an investment bank, it is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. For more information on Merrill Lynch, please visit www.ml.com.
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MAEL Invitational and Team-Challenge Weekend July 28th
19th Annual Golf Invitational
The MidAmerica Association of Equipment Lessors (MAEL), ELA's largest regional affiliate, will be hosting its 19th Annual Golf Invitational on July 28, 2003 at Indian Lakes Golf Club & Resort, www.indianlakesresort.com located in Bloomingdale, Illinois. We have relocated from Harborside International to Indian Lakes Resort to offer our regular attendees a change of scenery and to provide everyone (including companions) with some further amenities. While in the area, be sure to take this opportunity to schedule additional business activities and appointments!
Indian Lakes Resort has just been renovated in its entirety and offers two state of the art 18-hole championship golf courses, a 4,000 sq. ft. full-service spa featuring Vichy shower, massage, skin & body treatments, indoor/outdoor pools and much more. Bring the entire family and enjoy a fun filled weekend while networking with industry leaders!
The staff at Indian Lakes is committed to providing us with a spectacular event! Banquet facilities can accommodate over 500 people for the reception and dinner, and we expect participation this year to be at capacity (up from last year's 280 golfers-310 dinner/reception attendees). The after dinner speaker is always an event highlight and will be announced in the near future.
For the exceptionally competitive golfer and businessman, the MAEL Invitational will be preceded by the Team-Challenge Weekend.
§ July 26th play White Eagle Golf Club, a private, 27 hole Arnold Palmer course
§ July 27th play Bolingbrook Golf Club, voted by Golf Magazine "Top Ten you Can Play" in 2002
Don't miss this occasion to warm-up your game before the main event! Sponsorship opportunities are available for all events. Reserve your place today to participate in our industry's largest golf-related networking opportunity. Hotel rooms are currently being held for attendees through June 25th. Please call the resort at (630) 529-0200 immediately for reservations. Requests for special accommodations can be arranged on a first call-first served basis by calling us direct.
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GE VENDOR FINANCIAL SERVICES CREATES NEW, DEDICATED TECHNOLOGY VERTICAL WITH CONSOLIDATED FINANCING OFFERINGS
New Model Provides End-to-End Financing From Supplier / OEM to End User
Danbury, Conn., – GE Vendor Financial Services (VFS) has announced the formal launch of a new technology “vertical” business, GE Technology Financial Services (TFS). This “vertical” business allows GE VFS to combine multiple, technology- focused products and services into a single, market-based offering.
TFS will provide a consolidated approach to end-to- end technology financing, from technology supplier and manufacturer to end-user. For technology vendors and their customers, this means easier access to trade payables financing, inventory financing, distribution financing, end user financing and end of term refurbishment services.
“We are constantly looking for ways to leverage the structure of GE to benefit our customers and vendor partners. This new organization is based on the premise that a consolidated GE approach to our relationships with technology vendors would best serve our customers,” said Dan Henson, president and CEO of VFS.
TFS is comprised of three main groups: a lease and loan originations center, GE Access – a value-added technical distributor, and GE Refurbishment Services – a provider of refurbishment services to manufacturers. TFS will also leverage technology portions of GE Commercial Distribution Finance (CDF), and GE Trade Payables Services.
John Paget has been named senior vice president and general manager of TFS. “John’s extensive experience at GE Access, most recently as their CEO, as well as his prior senior management roles with Compaq, Digital and Xerox, position him well to combine GE’s products and services into a world class offering for our customers,” said Henson.
John and the TFS team will continually assess how best to leverage GE’s financial and process capabilities to provide technology suppliers, vendor partners, resellers and end users with unparalleled services and financing.
“As a technology vertical within GE, TFS can offer benefits that other companies simply cannot deliver, such as broader access to financing, extensive product availability, a rigorous approach to customer service and exceptional quality. The creation of TFS is a great example of how we have created a new model and approach to benefit our customers and our multiple vendor and reseller partners,” said Paget.
Anna McDermott will succeed John Paget as executive vice president and general manager for GE Access.
GE Vendor Financial Services, a unit of GE Commercial Finance, is a global leader in developing and providing financial solutions and services to equipment manufacturers, distributors, dealers and their end users. With nearly $25 billion in served assets worldwide, Vendor Financial Services helps its customers drive new business and strengthen their existing business by providing superior service, a commitment to quality and the application of the latest e-commerce technology. Vendor Financial Services serves approximately 1,400 manufacturers & distributors, 16,000 dealers, and has over 500,000 accounts in more than 30 countries. GE is a diversified services, technology and manufacturing company with operations worldwide.
Forest Miner, GE VFS Organizational Communications Manager
Phone Number: (203) 749-6848
Fax Number: (203) 749-4253
( courtesy ELAonline.com)
Highlights---This Day in American History
1794- the first death penalty ban by a state was enacted by Pennsylvania. The law abolished all executions except in cases murder in the first degree. Michigan enacted a general ban on the death penalty on May 4, 1846, except in cases of treason against the state.
1802-the U.S. learned that Napoleon I of France in 1800 had secured through a secret agreement(treaty of San Ildefonso, in effect giving back territory awarded Spain by France in the Treat of Fontainebleau in 176) the return of the Louisiana territory from Spain. ( France was at war with England and believed that many British trade ships were disguised as American ships---in 1808 they would start seizing ships, considered piracy by the US). This was alarming news because the mouth of the Mississippi River was now in the hands of an aggressive power, and Americans west of the Allegheny Mountains depended on free passage and the use of the port of New Orleans to transfer their products to oceangoing ships. President Thomas Jefferson ordered Robert R. Livingston, U.S. minister to France, to buy land on the lower Mississippi for use as a port, or to secure a guarantee of free navigation. In October, Spanish officials, still in New Orleans, refused to allow Americans to use the port. This serious disruption of American commerce led Jefferson in the next year to begin negotiations for purchase of Louisiana.
1864- by Act of Congress, the phrase "In Good We Trust" began to be stamped on all U.S. coins.
1869-at noon a gunshot signaled the start of the Oklahoma land rush as thousands of settlers rushed into the territory to claim land. Under pressure from cattlemen, the federal government opened 1,900,00 acres of central Oklahoma that had been bought from the Creek and Seminole tribes. Andy Grove, former president of Intel, commented that the rush for the internet is very much like the Oklahoma Land Rush. The first one to grab the parcel of land, has rights for the rest of their life. Bill Gates was listening.
1876-in the first National League game ever played, the Boston Red Caps
( later the Braves) defeated the home town Philadelphia Athleticss,6-5. Jim O’Rourke got the first hit, and Joseph Borden, playing under the name of Josephs, was the winning pitcher.
1891- Laura Gilpin birthday, famed photographer of New Mexico, the SouthWest, and the Navaho Indian way of life.
1898- the American gunboat Nashville, captured the Spanish ship Buena Ventura. On April 24, Spain declared that a state of war existed with the United Sates. The following day, Congress declared that a state of war had existed since April 21. http://www.spanamwar.com/timeline.htm http://lcweb.loc.gov/rr/record/
1913—birthday of guitarist Willie C. “Boll Weenie Bill” Moore Kinston, NC
1914- Babe Ruth made his professional pitching debut, playing for the Baltimore Orioles in his own hometown. Allowing just six hits and contributing two singles himself, Ruth shut of the Buffalo Bisons, 6-0.
1917- the William Metz Ice Company of Pittsburgh, PA, began operating equipment to ice refrigerated railroad cars. Manufactured by Thomas Wright of Jersey City, NJ, it consisted of a truck with an extension top adjustable to any position to enable ice to be placed in the upper most section of the car, making it possible for one man to do all the loading without the held of assistants. It is credited with expanding the agriculture
and farming industry in the United Sates.
1920 – birthday of Hal March (Mendelson) (TV emcee: What’s It For, The $64,000 Question, Laughs for Sale; actor: My Friend Irma, The Soldiers, The Imogene Coca Show, The George Burns and Gracie Allen Show; San Francisco. Died Los Angeles, Jan 19, 1970) http://us.imdb.com/Name?March,+Hal
of congo/bongo drummer Candido
Camero San Antonio De Los Baños Cuba http://www.rhythmweb.com/bongo/candido.htm
1922- bassist Charlie Mingus, a leader in modern jazz, was born in Arizona. He started with the traditional jazz outfits of Louis Armstrong, Kid Ory and Lionel Hampton. But by 1953, Mingus had moved to the modern camp, playing with the likes of Dizzy Gillespie and Charlie Parker. He was also justly famous for leading his own groups, and for his compositions. Mingus died of Lou Gehrig's disease in 1979.
1928-birthday of trumpet player Tommy Turrentine, Pittsburgh, PA http://members.tripod.com/~hardbop/tommyt.html
1935-birthday of bass player Paul Chambers, Pittsburgh, PA http://members.tripod.com/~hardbop/chambers.html
1936 - Bob Feller made his pitching debut with the Cleveland Indians. Feller struck out 15 St. Louis Browns in his first outing. Three weeks later, he tied the American League record by striking out 17 Philadelphia Athletics.
1936- Glen Campbell was born in Billstown, Arkansas. At the age of 22, he moved to Los Angeles and began playing guitar on recording sessions. One record he is said to have played on is "Tequila" by the Champs. In 1965, Campbell took Brian Wilson's place on a tour by the Beach Boys. Two years later, he topped both the country and pop charts with "Gentle on My Mind" and "By the Time I Get to Phoenix." His other hits include "Wichita Lineman" and "Galveston." His television series, "The Glen Campbell Show," ran for 4.5 years. He plays almost fulltime in Branson, Missouri
1937 – birthday of (John Joseph) Jack Nicholson (Academy Award-winning actor: One Flew Over the Cuckoo’s Nest , Terms of Endearment , As Good as It Gets ; Five Easy Pieces, The Shining, Batman, Broadcast News, Chinatown, Easy Rider, Prizzi’s Honor, The Witches of Eastwicke, Little Shop of Horrors, A Few Good Men) http://www.geocities.com/Hollywood/Film/3000/ http://www.evesmag.com/nicholson.htm http://the-movie-times.com/thrsdir/actors/jnicholson.html
1939-birthday of singer Mel Carter, Cincinnati, OH http://www.mel-carter.com/
Tex McCrary and Jinx Falkenburg arrived at WEAF radio in New York City
with an entertaining morning show called, "Hi, Jinx". WEAF later
became WNBC and then WFAN SportsRadio 66.
This was one of the most popular radio shows in the 1940’s and
early 1950’s. They switched over to television in the 1950’s.
Wheel of Fortune - Kay Starr
Anytime - Eddie Fisher
Be My Life’s Companion - The Mills Brothers
(When You Feel like You’re in Love) Don’t Just Stand There - Carl Smith
1956 - Elvis Presley made his Las Vegas debut at the Frontier Hotel. With "Heartbreak Hotel" at the top of the pop charts, one can imagine the excitement generated by the new ‘King of rock and roll’. Even with a number one hit, Elvis was not yet well-received by the middle-aged audience. Management of the Frontier was so unimpressed, they gave Elvis his walking papers after one week of a two-week engagement. “ Elvis left the building” would later be the way to get audiences to leave and stop applauding for an encore.
1959 - The Chicago White Sox took ‘batting practice’ against the Kansas City Athletics, 20-6. Chicago scored 11 runs in the seventh inning with only one hit, a single by Johnny Callison. The Sox got 10 walks and one hit batted. Not to be outdone in the effort, the Athletics contributed three errors.
The Theme from "A Summer Place" - Percy Faith
Greenfields - The Brothers Four
Sweet Nothin’s - Brenda Lee
He’ll Have to Go - Jim Reeves
1962 - The Toronto Maple Leafs won back the Stanley Cup after 11 years. The National Hockey League champions kept Lord Stanley’s cup locked up in Toronto for the next three seasons.
1967 - Randy Matson set a world outdoor record in the shot put with a toss of 71 feet, 5-1/2 inches in College Station, Texas. The shot landed in section E-83 of the grandstand, but fortunately, no one was hurt.
Honey - Bobby Goldsboro
Cry like a Baby - The Box Tops
Lady Madonna - The Beatles
Fist City - Loretta Lynn
1970 - Tom Seaver of the New York Mets struck out 19 batters to tie a National League baseball record. He also set a record by striking out 10 batters consecutively as the ‘Amazing’ Mets defeated the San Diego Padres at Shea Stadium.
1970 - Henry Ross Perot, remember him, a candidate for the U.S. Presidency, did not have a good day. Perot, of Dallas, TX, reportedly lost $450 million in the stock market. 1974 - Redbone won a gold record for the single, "Come and Get Your Love". The group, playing American Indian ‘swamp rock’, formed in Los Angeles in 1968. Lolly and Pat Vegas, brothers, had been session musicians and worked on the "Shindig" TV show. Anthony Bellamy and Peter De Poe were also members of the group. Redbone had one other hit, "The Witch Queen of New Orleans". The top five hit, "Come and Get Your Love", was the group’s second and final chart success.
1970---Earth Day http://memory.loc.gov/ammem/today/apr22.html
Disco Lady - Johnnie Taylor
Let Your Love Flow - Bellamy Brothers
Right Back Where We Started From - Maxine Nightingale
Drinkin’ My Baby (Off My Mind) - Eddie Rabbitt
1978- Bob Marley and the Wailers performed at the One Love Peace Concert near Kingston, Jamaica. It was Marley's first appearance in his homeland since being wounded in an assassination attempt in December 1976. After the concert, Marley persuaded Prime Minister Michael Manley and Opposition Leader Edward Seaga to come on stage and shake hands.
1980-The United States boycotted the Olympic Games by refusing to send its athletes to the Summer Olympic Games in Moscow to protest the Soviet Union’s invasion of Afghanistan. At the urging of President Jimmy Carter, the U.S. Olympic Committee voted 1,604 to 797 to boycott the games. The following day, a number of athletes and coaches filed a class-action suit in the U>S. District court in Washington, DC, to block the boycott, but the suit was dismissed on May 16. The Soviet Union retaliated by boycotting the 1984 Summer Olympics in Los Angeles, CA.
Against All Odds (Take a Look at Me Now) - Phil Collins
Hello - Lionel Richie
Hold Me Now - The Thompson Twins
The Yellow Rose - Johnny Lee with Lane Brody
1993-the museum commemorating the Holocaust, the U.S. Holocaust Memorial Museum, opened to the public in Washington, DC. The museum combined innovative multimedia displays with one of the nation’s largest repositories of documentary information about the Holocaust. http://www.ushmm.org/
Too Close, Next
All My Life, K-Ci
Let s Ride, Montell Jordan Feat
You re Still The One, Shania Twain
NBA Finals Champions This Date
1947 Philadelphia Warriors
Stanley Cup Champions This Date
1945 Toronto Maple Leafs
1962 Toronto Maple Leafs