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Regional Sales Managers: Relationship Manager/Sales Associate: Advantage Funding, a leading national commercial vehicle and transportation equipment leasing and finance company seeks an . Our financing products are offered to new and existing relationships in the commercial coach, limousine, school bus, paratransit, funeral car, minibus and transportation industries. |
Friday, August 7, 2009
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Comedian-Satirist Stanley Victor Freberg born August 7, 1926, Los Angeles, California. He gained fame in the 1950's and early 1960s for his humorous renditions of current songs, TV shows, and personalities of the day, originally on radio, and his material, such as "St. George and the Dragonet" and "The Yellow Rose of Texas" became best selling records of the day. He made the transition from radio to television. He later went into advertising, and continued to appear on TV shows, write and perform comedy. His autobiography "It Only Hurts When I Laugh," was a best seller.
http://us.imdb.com/name/nm0292677/ |
Headlines---
Classified Ads---Sales Manager
Marlin turns in $550,000 GAAP Quarter
LEAF down $11.25 Million from last year
Cut Backs Continue in the Leasing Industry
The inside on InteliLease purchased by LEECO
Letters-We get eMail
Classified Ads---Help Wanted
Funny People/Seraphine/
I Love You, Man/The Class/The Tiger's Tail
Fernando's View by Fernando F. Croce
Consumers Make Necessary Lifestyle Changes to Stay Afloat
News Briefs----
Cisco suffers profit plunge
Employees of India PSU banks strike work for second day
Financial Regulation Reform
Sluggish July sales show tight-fisted consumers
You May have Missed---
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
######## surrounding the article denotes it is a “press release”
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Classified Ads---Sales Manager
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Bayville, NJ |
For a full listing of all "job wanted" ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
To place a free "job wanted" Leasing News ad:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
ELFA Career Center: Job Seekers (free):
http://careers.elfaonline.org/search.cfm
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Marlin turns in $550,000 GAAP Quarter
On a Net Income on an Adjusted Basis Reconciliation to GAAP Results, Marlin Business Services, Mount Laurel, New Jersey reports a second quarter net income of $555,000 compared to $1.7 million for the previous year. For the six month ending, it is $467,000 compared to the previous year of $3,059,000.
"The Company believes that Net Income on an Adjusted Basis is a useful performance metric for management, investors and lenders, because it excludes the volatility resulting from derivatives activities subsequent to discontinuing hedge accounting in mid-2008."
Marlin Financial Statement
Dan Dyer, CEO
"Despite the economy's poor fundamentals, I am encouraged with the positive strides taken to strengthen our business franchise and position Marlin to capitalize on growth once the economy and capital markets return to a more normal state," says Daniel P. Dyer, Marlin's CEO. "Our disciplined operating approach along with the decision to tighten credit standards early in the credit cycle is working, evidenced by lower delinquencies and charge-offs and positive financial results posted this quarter."
For the quarter ending (dollars in thousands)
"At June 30, 2009, the Company has outstanding $89.3 million of leases and loans funded through its banking subsidiary, Marlin Business Bank, and has $77.3 million in FDIC insured deposits outstanding at an average borrowing rate of 3.41% with a weighted average term to maturity of 2.39 years. Second quarter 2009 average deposit outstandings were $74.4 million at a weighted average interest rate of 3.75%."
"The provision for credit losses was $6.8 million for the quarter ended June 30, 2009, down from $8.7 million for the first quarter of 2009, due to improvements in the credit migration of the lease portfolio and the declining portfolio. The allowance as a percentage of total finance receivables, which reflects management's estimate of future losses inherent in the portfolio, was strengthened to 2.52% at June 30, 2009 versus 2.47% at March 31, 2009 and 1.79% at June 30, 2008."
Marlin Full Press Release:
http://leasingnews.org/PDF/Marlin_Q2_09.pdf
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LEAF down $11.25 Million
Resource America Inc., parent of LEAF Corporation, reported a third-quarter net loss of $204,000 compared with a year-ago loss of $8 million. A good portion of their real estate management are in states with high foreclosures and falling real estate, especially commercial, such as California.
Resource America, Inc reported its assets under management at the end of June were $14.3 billion, down $4.5 billion (24 percent) from last year's $18.8 billion.
There third fiscal quarter report showed Commercial Finance, primarily composed of LEAF Corporation was down in half, falling $11.25 million, and the nine month down $43.1 million. No delinquency numbers or actual losses were disclosed in the financial statement.
Resource American announced it had raised $146 million for funds that it manages. Also, the company said, it reduced its consolidated borrowings outstanding by $392.9 million (68 percent), to $181.6 million, down from $574.5 a year ago.
Full Press Release:
http://leasingnews.org/Pages/resource_america.html
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Cut Backs Continue in the Leasing Industry
Public leasing companies indicate layoffs such as GE Capital, CIT (down from 7,500 to 4,800), Marlin Business Services (continuing to lay off people, a senior credit analyst now on the Leasing News Classified Ad looking), Balboa Capital, Irvine, California and several basically closed such as Pentech Financial, Campbell, California or in bankruptcy such as IFC Credit.
Independents were the first to feel it, such as Pentech Financial. Even Direct Capital, Portsmouth, New Hampshire, continues to down size as noted by ex-employees going on the Leasing News Classified Help Wanted Ads, smaller companies such as Pinnacle Business Finance, Tacoma, Washington, on a skeleton staff, ACC Capital, Midvale, Utah, down to 15, as well as independents such as Ervin Leasing and CapNet.
Ervin Leasing, based in Ann Arbor, Michigan, has been around since 1978. A year ago they had 50 employees. Today it is 20.
"Yes, we have reduced employees over the last year, "President Bruce Gaffney said. "The lack of access to banks has hit all independents hard. It is a sign of the times…We are still seeking new business."
CapNet, Burbank, California, once a high flying company that worked its way up to 100 employees is down to 40 today, including the latest, Russell Runnalls CLP Chief Operating Officer, leaving the company.
"Russ was more a consultant, but I am sad to see him go, "said Dustin White, Founder, CEO.
(photo: CapNet)
"I held out too long, trying to hold out longer, thinking things would change around, " he confessed. " You build up your company, centering it around sources such as Pentech, and when they are no longer around, you have these deals coming in but no where to place them.
"You hope things will change. You look for banks, funding sources, and there are less, and you have the staff trained, ready, all working together, but less sources."
 (This ad is a "trade" for the writing of this column. Opinions contained in the column are those of Mr. Terry Winders, CLP) |
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The inside on InteliLease purchased by LEECO
by Christopher Menkin
InteliLease, 30101 Agoura Court, #222, Agoura Hills, California has announced it will sell a majority stock position to LEECO a California based lender of micro ticket lease transactions with reportedly over $120 million in open lending capacity. A price was not disclosed. InteliLease CEO Robert Parker is probably best known for founding VenServ. VenServ was to Warburg Pinkus, who changed the name to SaleStream Capital along with help from computer guru David Murray, co-founder of Direct Capital and Preferred Leasing.
InteliLease developed InteliWizard and InteliVision, claiming the Wizard hooks up to their lenders' automated scoring systems and can have a credit decision in seconds. It was a follow-up to VenServe at SalesStream Capital with software originally inspired by David Murray, according to Leasing News press release archives. Murray was not involved with InteliLease.
The problem reportedly is InteliVision was never a direct funder, nor hooked up to direct funders, and according to several reliable sources, when the deal came in, it was sent over to the lender just as if it came in via fax or email.
Leasing News was told InteliWizard did have the credit scoring parameters of LADCO and could make decisions based on them. However, it was reportedly not hooked up to LADCO in any way and it never had the scoring parameters of any other lender nor was it hooked up to the scoring engine of any other lender. It was to be set up to numerous funding sources and that if one didn't approve a deal it would automatically be sent to the next most likely one to approve it. A highly reliable source told Leasing News in reality the funding sources were not hooked directly to the software program.
LEECO, 910 Hampshire Road, Suite I, Westlake Village, California, is owned by Lee Ladd "...who founded LADCO Financial Group in 1979 and after ventures in mortgage brokering and commercial equipment financing, entered the small-ticket leasing field in 1984. LADCO specialized in financing point-of-sale equipment and grew to service over 120,000 lease and rental contracts. LADCO was one of the first to utilize ACH for billing..." according to their press release. The program found most transactions under $8,000 at high rates and all ACH.
"In 1997, LADCO Financial Group was acquired by PMT Services. In 1998, PMT Services merged with NOVA Corporation, the result was a new parent company, NOVA Information Systems. In 2001, NOVA Information Systems, Inc. was acquired by US Bancorp. LADCO operated as a wholly owned subsidiary of NOVA and US Bancorp. Lee Ladd departed the organization in 2006.
"In 2006, LEECO Financial Services was incorporated with the securing of a $120MM credit facility. LEECO provides a fully compliant and comprehensive servicing of portfolio. This includes all federal, state and local tax collections, remittance and audit responsibilities; property tax reporting, allocation, collection, remittance and audit responsibilities; and all monthly and ancillary costs associated with monthly billing, collections and portfolio."
InteliLease Press Release:
http://leasingnews.org/PDF/InteliLease_8_3_09.pdf
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Letters-We get eMail
(Mostly in chronological order when received.)
"Rudy Trebels New Company
(former CEO and founder IFC Credit Corp.)
"Equipment Leasing Group of America
1701 E. Lake Avenue, Suite 474
Glenview IL 60025
847/ 486-8770
"Rudy Trebels, CLP
Brian Trebels
Pat Meyers(Rudy Trebels long-time assistant)"
(As his former company goes through bankruptcy, he is reportedly working the middle-market, one sources says he is going through a broker so the actual funders doesn't know it is Trebels' new company. Editor)
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"I just wonder sometimes how people like IFC can get money. You all most can not feel sorry for anyone wanting to do business with these types of people. Year after year Rudy did not show ethics. I guess a new broom sweeps cleaner! I hope in the future people who loan money to people look at their creditability.
"I know it is old fashion but my Mother use to say, lay down with dogs get up with fleas."
Barbara Griffith
President
Southern California Leasing, Inc
180 E. Main Street #204
Tustin, Ca 92780
Phone: 714-573-9804
Email: bgriffith@socalleasing.com
Website: socalleasing.com
--
"When I read your newsletter yesterday I was flabbergasted. Just a week ago you started the list of Most Influential Women in Leasing and added Debbie Monosson and Bette Kerhoulas' names. Secretly I thought to myself, what an accomplishment it would be to see my name with theirs. And then it was-Oh my God!
"It brought tears to my eyes and left me speechless. I will never be able to express my gratitude of being thought of and acknowledged by my peers in a manner such as this. This is truly something that I will never forget. It is one of the most humbling experiences of my life."
Thank you.
Shari Lipski
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"Times are tough everywhere as evidenced by your writings and my personal experience. I've seen my volume more than halved due to tighter guidelines and fewer businesses looking for leasing.
"I've contacted several lenders over the last few months and the question I hear most often is "What can you do for me right away?" Since several of my prime lenders either went OOB or severed broker relations, my answer is "very little immediately, maybe in a month". That is generally the end of the conversation.
"While I totally understand their position, perhaps you could print a story that basically asks for lenders to submit their name to a list you could publish of lenders willing to work with low-volume brokers. Maybe then we can get back to sustainable volumes. Maybe then we can scour the small businesses and help make up some of that 41% volume that ELFA says we lost since last year."
Thanks for your services!
Gene Allen
(Leasing News has made the request and created this list for those seeking to do business with brokers:
http://www.leasingnews.org/Funders_Only/New_Broker.htm
 (Leasing News provides this ad "gratis" as a means to help support the growth of Lease Police) |
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Classified Ads---Help Wanted
|
Regional Sales Managers: Relationship Manager/Sales Associate: Advantage Funding, a leading national commercial vehicle and transportation equipment leasing and finance company seeks an . Our financing products are offered to new and existing relationships in the commercial coach, limousine, school bus, paratransit, funeral car, minibus and transportation industries. |
Top Producers Needed to Challenge |
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Fernando's View
By Fernando F. Croce
Adam Sandler goes for laughs and tears as "Funny People" hits theaters, while DVD watchers will have plenty of choices this week with the hilarious comedy "I Love You, Man," the award-winning drama "The Class," and the underrated thriller "The Tiger's Tail."
In Theaters:
Funny People (Universal Pictures): Acclaimed comedy director Judd Apatow follows his smash hit "Knocked Up" with this ambitious combination of belly laughs and sentiment which brings together two of the most popular comic actors on screen, Adam Sandler and Seth Rogen. Sandler delivers a heartfelt performance as George Simmons, a famous comedian whose life takes an unexpected turn when he's diagnosed with a blood disease. As he waits for the prognosis, he becomes friends with his assistant Ira (Rogen), an aspiring comedian who plays a part in bringing George together with his true love, Laura (Leslie Mann). The mix of laughter and tears may be too uneven to satisfy fans of Apatow's usual brand of humor, but the interplay between Sandler and Rogen rides over the rough patches.
Seraphine (Music Box Films): Movies about famous artists usually don't work, because most of the time they're busy telling the audience its characters are great without bothering to show their greatness. In director Martin Provost's vivid and unsettling portrait of French painter Seraphine de Senlis, however, there's barely a moment when the artist's burning drive isn't visible on the screen. Much of the effect is due to Provost's restrained yet forceful visual rendition of the times and events which shaped the unique sensibility of de Senlis and gave birth to her paintings. But most of the kudos belongs to Yolande Moreau, whose incandescent performance shows the fire behind the woman's quiet surface. Also offering a fine supporting turn by Ulrich Tukur, it's a biography that even audiences uninterested in painting can enjoy. With subtitles.
With online companies expanding and movies becoming more easily available through mailing systems, Netflix has emerged as the go-to place for rentals. When it comes to watching DVDs, it's a fast, easy, and foolproof way of getting both new releases and classics without standing in line at the store. The process is simplicity itself. First, you go to their website at www.netflix.com and set up an account. Once you pick your monthly package, you can start searching by movie title or actor name or favorite genre… Even this hardened movie buff was impressed with their selection. After you're done browsing and have selected your movies, all you have to do is check your mailbox a few days later and get enjoy them with none of the hassle of having to go to the video store. And once you're done watching, just slip them back in the mailer they provide you. No late fees or out-of-stock titles to worry about, and plenty of special deals and promotions to make sure you get your money's worth. With Netflix, the pleasure of watching movies at home goes to the next level.
I Love You, Man (Paramount): Following his sharp turn in "Role Models," Paul Rudd once more shows his comic talent in this agreeable and often clever comedy. Peter (Rudd) is a realtor with a successful career and the girl of his dreams. The only problem, however, is that he has no male friends who can serve as best man at his wedding. Things change when he becomes best friends with Sydney (Jason Segel), a crude but good-natured slob. But as Peter spend more time with his new bud, it's his fiancée's turn to get jealous. Fans of "Superbad" and "Forgetting Sarah Marshall" will definitely eat it up, though anyone looking for a laugh should have a good time.
The Class (Sony Pictures Classics): The winner of last year's top prize at the prestigious Cannes Film Festival, this French drama makes going back to school a richly rewarding experience. The story focuses on a high school teacher (François Bégaudeau) and the impact his teachings have on students from a variety of backgrounds. It's a tried-and-true setup, but director Laurent Cantet goes beyond "Dead Poets Society" clichés by painting a loose and lively dynamic between teachers and pupils, in the process turning the many tensions, fears, frustrations and triumphs of the classroom into an acute microcosm of the country. Cantet's blend of drama and documentary (with many of the real-life young students improvising with the actors) is refreshing, frequently funny, and timely. With subtitles.
The Tiger's Tail (MGM): Underrated by most critics and barely given a chance in theaters, this Dublin-set thriller deserves a second chance on DVD. Usually seen in heavy and sinister parts, the terrific Irish actor Brendan Gleeson shines in a double performance, playing struggling property businessman Liam O'Leary as well as the mysterious doppelganger who's stalking him. Is he imagining things, or is there really a man who looks like his twin and is threatening to take over his firm and family? Director John Boorman ("Deliverance," "The General") keeps things tantalizingly ambiguous with a rich blend of suspense and humor that remains surprising to the very end. With a cast that includes "Sex and the City's" Kim Cattrall, Ciaran Hinds, and Sinead Cusack.
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### Press Release ##########################
Consumers Make Necessary Lifestyle Changes to Stay Afloat
Silver Spring, MD - The National Foundation for Credit Counseling's (NFCC) Web site (www.DebtAdvice.org) includes a Financial Literacy Opinion Index which allows users to weigh in on a different financial topic each month. Thousands of consumers have responded, providing a glimpse into how Americans are handling the current economic conditions as it relates to their personal finances.
o May Question: To help trim costs, I have started doing the following
o Taking lunch to work = 43%
o Using public transportations more = 2%
o Planning a "staycation" = 6%
o Cutting back on expensive evenings out = 36%
o Nothing yet, but I know I need to start soon = 12%
Of the 5,165 responses, close to half indicated they had begun taking their lunch to work in order to trim costs, indicating a willingness to make a significant lifestyle change.
o June Question: This summer you plan to
o Take a vacation spending the usual amount = 3%
o Take a vacation, but spend less = 13%
o Stay at home, but take advantage of local events = 19%
o No money for a vacation of any kind this year = 64%
In June people were more seriously considering their summer plans. 5,014 people responded, with a whopping 3,208 indicating there was no money for a vacation of any kind this summer.
o July Question: The one thing that would make me feel more financially secure would be to
o Have more money in savings = 11%
o Have less debt = 73%
o Have job security = 4%
o Have more control over my finances = 13%
This question yielded the largest number of respondents to date, 7,001, with 5,110 of them stating they would feel more financially secure if they could reduce their debt load. In these times of record job losses, one would have thought job security would have ranked high on the list, but it came in last with just 280 people selecting that category.
"Many built a debt load beyond what their income would support, and now find that to be the most troubling part of their financial picture. As we move forward, it will be interesting to see if consumers learned a hard lesson and will begin to live within their means, or will resume their free-spending ways that dug a deep financial hole for many," said Gail Cunningham, spokesperson for the NFCC.
Consumers who need help building a budget they can live with or assistance managing their debt obligations can reach out to a trained and certified credit counselor at an NFCC Member Agency. To find the location closest to you, dial toll-free (800) 388-2227, or go online to www.DebtAdvice.org. For counseling in Spanish, call (800) 682-9832.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation's largest and longest serving national nonprofit credit counseling organization. The NFCC's mission is to promote the national agenda for financially responsible behavior and build capacity for its members to deliver the highest quality financial education and counseling services. NFCC Members annually help more than three million consumers through close to 850 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit www.nfcc.org.
### Press Release ############################
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News Briefs----
Cisco suffers profit plunge, but CEO sees glimmers of recovery
http://www.mercurynews.com/business/ci_12998575?nclick_check=1
Employees of India PSU banks strike work for second day
http://timesofindia.indiatimes.com/news/business/india-business/Employees-of-PSU-banks-strike-work-for-second-day/articleshow/4866135.cms
Financial Regulation Reform, Around the World, Private Sector, Gives Strong, But Cautious, Support
http://www.securitization.net/article.asp?id=1&aid=9170
Sluggish July sales show tight-fisted consumers
http://www3.signonsandiego.com/stories/2009/aug/06/us-retail-sales-080609/?business&zIndex=144998
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You May have Missed---
How Netflix gets your movies to your mailbox so fast
http://www.chicagotribune.com/entertainment/chi-0804-netflixaug04,0,6424990.story
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California Nuts Briefs---
State ordered to shrink prison population by 44,000 inmates
http://www.sacbee.com/1089/story/2082570.html
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Sports Briefs----
Ratto: 49ers squeezing Crabtree for wrong reason
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/04/SP8A193QM1.DTL
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"Gimme that Wine"
Beaujolais Shows Its Complex Side--Eric Asimov
http://www.nytimes.com/2009/08/05/dining/reviews/05wine.html?ref=dining
Kendall-Jackson introduces new wines
http://www.pressdemocrat.com/article/20090804/NEWS/908049975/1036?Title=Kendall-Jackson-introduces-new-wines
Creditors voting on Copia liquidation plan
http://www.pressdemocrat.com/article/20090804/ARTICLES/908049945/1036?Title=Creditors-voting-on-Copia-liquidation-plan
Is organic wine healthier and tastier?
http://www.examiner.com/x-5079-SF-Health-and-Happiness-Examiner~y2009m8d3-Is-organic-wine-healthier-and-tastier
The Winemakers' PBS TV Series Announces Season 2 Casting Call in New York City on August 10, 2009
http://finance.yahoo.com/news/The-Winemakers-PBS-TV-Series-prnews-1040208845.html?x=0&.v=1
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
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
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Today's Top Event in History
1942-The U.S. Marines Landed on Guadalcanal . The American offensive in the Pacific in World War II began at Guadalcanal, Solomon Islands, by the Marines under Lieutenant General Alexander Archer Vandergrift. The Marines landed at Floria, Gavutu, Guadalcanal, Tanambogo, and Tulagi. The overall commander was Vice Admiral Robert Lee Ghormley, South Pacific Commander. This was considered the turning point of the war as US Allies had to win this geography not only for defense purposes, and raise morale at home and on the European front, but for the strategy of the War in the Pacific, this was the key and Victory at Sea has documented this very well with the music of Richard Rodgers.
[headlines]
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This Day in American History
1679-The “Le Griffon,” a two-masted armored square-rigger built by the explorer Robert Cavelier, Sieur de La Salle, at Cayuga Creek, near the Niagra River in New York, was launched in the Great Lakes, the first such ship to sail here. It was of 60 tons burden and sailed Lake Erie and Lake Michigan. It sank on September 18,1679, only a month in operation, during a gale in Mackinaw Strait and is believed to be resting in Mississagi Strait, Manitoulin Island, Canada. Road transportation was very poor, and the best, fastest means of transportation of not only people, but supplies, was by water. The great population lived around waterways.
1727- French Ursuline nuns first arrived at New Orleans, where they set up the first Catholic charitable institution in America. It comprised an orphanage, a girl's school and a hospital
1742- birthday of Nathaniel Greene, born at Patowomut, RI. A statue of him was placed at the US Capitol in 1870 by Rhode Island. Many historians rank him second only to Washington as a military leader. Born to a Quaker family, who organized the Kentish Guards, and his life is right out of movie “The Patriot”, which may be been based on his life. Some trivia facts, because of a stiff knee, the men would not let him lead the troops, so he followed with the general rank of soldiers. He worked his way up to brigadier general, then major general, and commandeered the army of occupation in Boston. He was chosen by Washington to run administration, a post he did not like, and resigned to replace General Horatio Gates, whose army had been badly beaten at Camden, S.C. By skill preparation and a series of brilliant maneuvers, according to historians, Greene push the British back into Charleston and Savannah ( just like in the move “The Patriot.” Georgia was so grateful for his saving so many farms and lives they gave him a plantation near Savannah, were he went to live in 1785. He died in 1786.
http://memory.loc.gov/ammem/today/aug07.html
1760- in the French and Indian War (1754-1763):Captain Demere Fort Loudon, Tenn., capitulated to the Cherokee Indians at Fort Loudon, Tennessee. He surrendered under condition that his troops be allowed to retreat unimpeded. On August 10, the garrison was ambushed and massacred by Indians while retreating to Fort Prince George in South Carolina. To fully understand the life in this period, American Indians were constantly fighting and killing each tribe, very similar to Africa in the last century, as they fought for dominance. Perhaps similar to European culture as the French, English, Germans, and Spanish for centuries warred with each other. The Indians, as did the Europeans, allied with the British, the French, the Dutch, especially if another tribe had aligned themselves with the opposing side. They also did not follow the European custom of war or truce, especially fighting what was then modern warfare of armor, cannon, rifles and horses, unknown to the Indians until introduced by the Spanish and English. All Indians were not to be trusted. Physically alcohol went right to their brain and soon they became very dependent on rum whiskey, and even wine, which they had never produced before.
1782- at Newburgh, NY, General George Washington ordered the creation of a Badge of Military Merit. It was the first honor badge for enlisted men and noncommissioned officers. The badge consisted of a purple cloth heart with silver braided edge. Only three are known to have been awarded during the Revolutionary War.: Sergeants Daniel Bissell, William Brown and Elijah Churchill of Connecticut regiments, decorated on May 9, 1783, for singularly meritorious action in the Revolutionary War. They were entitled “ to wear on facings over the left breast, the figure of a heart in purple cloth or silk, with narrow lace or bindings.” The award was re-instituted on the bicentennial of Washington's birth, Feb 22, 1932, and recognizes those wounded in action.
1789-The first lighthouse bui8lt after American independence was located at Cape Henry, Virginia at the entrance of Chesapeake Bay. The first lighthouse keeper was Laban Goffigan. The original fuel for illumination was fish oil, followed later by whale oil, colza oil, lard oil, kerosene, gas, and finally, electricity. The advent of inexpensive radar, many lighthouses have been sold or demolished in the United States as too costly to maintain..
1794-The Whiskey Rebellion broke out in western Pennsylvania among farmers opposed to a federal excise tax on liquor passed in 1791. Farmers of Washington and Allegheny counties attacked federal officers. This day in 1794 Washington issued a proclamation ordering the insurgents to go home and calling out a militia of 13,000 from four states. He issued another proclamation on September 24, and ordered the militia to suppress the uprising. “ The report of the commissioners marks their firmness and abilities, and must unite all virtuous men, by shewing that the means of conciliation have been exhausted. “For a time Washington led this force in person. By mid-November the trouble was over. Two men were convicted of treason, but Washington pardoned them.
1801- The Great Religious Revival of the American West began at a Presbyterian camp meeting in Cane Ridge, Kentucky.
1807-The first trial of the Clermont, a steamboat, designed by Robert Fulton, began its trip to Albany, NY. It made the 150-mile journey in 32 hours and returned in 30 hours. Quite a fete in its day. The Clermont was the first steamboat to make regular trips.
1847-George Page, Washington, DC, received a patent for a plow for pulverizing the soil. Page's design used a revolving single disk on the side of the plow. This invention revolutionized farming.
1849-Wright and Co. of San Francisco asked Gov. Riley for permission to mint $5 and $10 gold coins to relieve money famine
1852-Birthday of Franklin L. Sheppard, Presbyterian organist and hymnbook editor. It was Sheppard who composed the hymn tune TERRA PATRIS, to which we sing "This is My Father's World."
1856-Justice Terry was released by the Committee of Vigilance and immediately took refuge aboard the Navy vessel "John Adams" in San Francisco Bay.
1882- Hatfields of south West Virginia & McCoys of east Kentucky feud, 100 wounded or die.
1887-Birthday of pianist Lucky Roberts, Philadelphia, PA
1880Theophilius Van Kannel of Philadelphia, PA received a patent for a revolving door. The first building to install a revolving door was an office building in Philadelphia.
1895-Birthday of pianist Lucky Roberts, Philadelphia, PA.
1903-Birthday of Rudol C. Ising, co-creator with Hugh Harmon of “Looney Tunes” and “Merrie Melodies” born at Kansas City, MO. Ising and Harmon's inital production, Bosko the Talk-Ink Kid(1929) was the first talkie cartoon synchronizing dialogue on the soundtrack with the action on screen. Ising received an Academy award in 1948 for Milky Way, a cartoon about three kittens. During WWII, he headed the animation division of the Army Air Forces movie unit developing training films. Rudolf Ising died July 18, 1993, at Newport Beach, CA.
1904-Birthday of Ralph Bunche, American statesman, UN official, Nobel Peace Prize recipient ( the first black to win the award), born at Detroit, MI. Died December 9, 1971 at New York, NY.
1904 - A flash flood near Pueblo, CO, washed a train from the tracks killing 89 passengers. A bridge, weakened by the floodwaters sweeping through the valley below, gave way under the weight of the train dashing all but the sleeping cars into the torrent drowning the occupants. Rail service was frequently interrupted in the Rocky Mountain Region and southwestern U.S. that summer due to numerous heavy downpours which washed out the railroad beds delaying trains as much as five days.
1905 - The mercury soared to 127 degrees at Parker, AZ, to tie the state record established at Fort Mohave on the 15th of June in 1896.
1910 Pianist/Bankleader/Boogie Woogie Champ Freddie Slack Birthday
http://www.parabrisas.com/d_slackf.html
1913-Birthday of guitarist George Van Eps, Plainfield, NYU.
1923-Birthday of trumpet player Idrees Sulieman, St Petersburg FL.
1918- New York City's hottest day and night with 102 and 82 minimum. Philadelphia reached a record of 108.
1918-Philadelphia sets record of 106.
1926-Birthday of satirist Stan Freberg, Pasadena, CA. He began his career doing cartoon voices, and in 1951 had a record hit with "John and Marsha," a parody of soap operas. Freberg's 1953 recording of "St. George and the Dragonet" and "Little Blue Riding Hood" was a double-sided million seller. Freberg later turned to producing radio and TV commercials.
1929-Babe Ruth ties record by hitting grand slams in consecutive games.
1934- US Court of Appeals upheld lower court ruling striking down government's attempt to ban controversial James Joyce novel "Ulysses".
1936- Birthday of saxophone player Rahsaan Roland Kirk, Columbus OH.
1937-Birthday of trombone player George Bohanon. Detroit MI.
1937-Trumpet player Bunny Berigan Band records classic version of “I Can't Get Started.” ( Victor 36208). It was released in a two side shellac and a large 12 inch shellac, due to his long and famous trumpet solo.
1939-Birthday of singer Ron Holden, Seattle, WA.
1940 -Largest amount paid for a stamp at that date ($45,000 for 1 1856 British Guiana).
1941-Birthday of sax player Howard Johnson, Montgomery, AL.
1942-Birthday of singer B.J. Thomas, born in Houston, Texas. His easy, middle-of-the-road style was featured on the million-sellers "Hooked on a Feeling" in 1968 and "Raindrops Keep Fallin' on My Head," from the movie "Butch Cassidy and the Sundance Kid," in 1970. In 1975, Thomas topped both the pop and country charts,with "(Hey, Won't You Play) Another Somebody Done Somebody Wrong Song." He later concentrated on gospel, and more recently pure country material.
1942-The U.S. Marines Landed on Guadalcanal . The American offensive in the Pacific in World War II began at Guadalcanal, Solomon Islands, by the Marines under Lieutenant General Alexander Archer Vandergrift. The Marines landed at Floria, Gavutu, Guadalcanal, Tanambogo, and Tulagi. The overall commander was Vice Admiral Robert Lee Ghormley, South Pacific Commander. This was considered the turning point of the war as US Allies had to win this geography not only for defense purposes, and raise morale at home and on the European front, but for the strategy of the War in the Pacific, this was the key and Victory at Sea has documented this very well with the music of Richard Rodgers.
1943-Birthday of singer Lana Cantrell.
1947- Balsa raft Kon Tiki crashes into a Polynesian archipelago reef.
1948- Hank Williams made his first appearance on the "Louisiana Hayride" radio show over station KWKH in Shreveport. Although Williams was virtually an alcoholic, he was booked regularly on the show. And in 1949 came a contract with the Grand Ole Opry. Williams was fired from the Opry in 1952 because of his perpetual drunkeness.
1949 - "Martin Kane, Private Eye" was first heard on Mutual radio. William Gargan starred on the Sunday afternoon program.
1951-Birth of Randy Shilts, gay San Francisco author and journalist whose groundbreaking books in the '80s exhaustively chronicled for the first time the spread of the AIDS epidemic and the Reagan Administration's deadly indifference to it.
1953-The first Navy-Marine Corps Medal for Heroism awarded to a woman was present to Staff Sergeant Barbara Olive Barnwell, of Pittsburgh, PA, Marince Corps Reserve, in Washington, DC. She saved Private First Class Frederick G. Romann form drowning on June 7, 1952, at Onslow Beach, Camp Lejeuene, NC>
1953 - SSgt Barbara Barnwell was the first woman Marine awarded the Navy and Marine Corps Medal for heroism. She was from Pittsburgh Pennsylvania and a member of the Marine Reserve, saved a soldier from drowning in 1952.
1954-Billboard magazine runs an article about Elvis Presley, calling him "a potent new chanter who can rock a tune for either the Country or the R&B markets."
1956-57,000 people, the largest minor league baseball crowd in history, watched former Negro Leagues star and major leaguer Satchel Paige pitch of the Miami Marlines in an International League game against the Columbus Jets. The game was played at the Orange Bowl, and Miami won.
1957-Paul Anka makes his first network TV appearance on American Bandstand where he performs his current hit, "Diana".
1959-Us satellite Explorer VI transmitted the first picture of Earth from space. For the first time we had a likeness of our planet based on more than projections and conjectures.
1963-The film, Beach Party with Frankie Avalon and Annette Funicello, opens in American theatres. Music is provided by Dick Dale and the Del Tones.
1963- Jackie Kennedy becomes the 1st first lady to give birth since first lady Francis Cleveland's ( 1893 and 1895-she was 27 years younger than her long time bachelor president who she married in his first term, he was defeated, but won the next election, the only president to do so ) "Mrs. Kennedy gave birth to their third child, Patrick Bouvier Kennedy. He suffered from a serious lung ailment, and was rushed to the Children's Hospital in Boston. Patrick died two days later, and Mr. and Mrs. Kennedy grew closer as they grieved the death of their son. Sadly, another tragedy befell her as she was still recovering from this terrible loss. On November 22, 1963, President Kennedy and Mrs. Kennedy were in Dallas, Texas. As their car drove slowly past cheering crowds, shots rang out. President Kennedy was killed and Jacqueline Kennedy became a widow at age thirty-four. She planned the President's state funeral, which was watched by millions around the world who shared her grief and admired her courage and dignity."
http://www.cs.umb.edu/jfklibrary/jbk-biography.html
1964-Congress approved the Gulf of Tonkin Resolution,” pertaining to the war in Vietnam, which gave President Lyndon Johnson authority “ to take all necessary measures to repel any armed attack against the forces of the Untied States and to prevent further aggression.”
1965-Herman's Hermits reached number one in the US with a silly little song called "I'm Henry VIII, I Am". The tune was actually written in 1911 and had been popularized by Cockney comedian Harry Champion.
1966- Race riot in Lansing Michigan.
1966-Third-Annual San Francisco South-of-Market and North Beach Children's Adventure Day Camp benefit with Quicksilver Messenger Service, Big Brother and the Holding Company, and The Grateful Dead held at Fillmore Auditorium. Gary Goodrow of The Committee was master of ceremonies.
1970- Christine McVie became the first female member of the British rock band Fleetwood Mac. McVie was the wife of the group's bass guitarist, John McVie, and had previously performed with the blues rock band Chicken Shack. Christine joined Fleetwood Mac shortly after one of the group's original members, Peter Green, had left. When Fleetwood Mac was formed in 1967, it played blues classics and blues-influenced original material. But after the departure of Green, the group began performing more melodic rock songs. The band's commercial breakthrough came with the 1975 album "Fleetwood Mac," which sold four-million copies.
1970-- Four people, including presiding judge, killed in courthouse shootout in San Rafael, California. Police charge Angela Davis provided weapons.
1970-Jonathan Jackson (the younger brother of George) and three others killed in attempt to seize radio station in Marin County, Calif. to expose injustice.
1971---HAGEN, LOREN D. Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, Infantry, U.S. Army Training Advisory Group. Place and date: Republic of Vietnam, 7 August 1971. Entered service at: Fargo, N. Dak. Born: 25 February 1946, Fargo, N. Dak. Citation: 1st Lt. Hagen distinguished himself in action while serving as the team leader of a small reconnaissance team operating deep within enemy-held territory. At approximately 0630 hours on the morning of 7 August 1971 the small team came under a fierce assault by a superior-sized enemy force using heavy small arms, automatic weapons, mortar, and rocket fire. 1st Lt. Hagen immediately began returning small-arms fire upon the attackers and successfully led this team in repelling the first enemy onslaught. He then quickly deployed his men into more strategic defense locations before the enemy struck again in an attempt to overrun and annihilate the beleaguered team's members. 1st Lt. Hagen repeatedly exposed himself to- the enemy fire directed at him as he constantly moved about the team's perimeter, directing fire, rallying the members, and resupplying the team with ammunition, while courageously returning small arms and hand grenade fire in a valorous attempt to repel the advancing enemy force. The courageous actions and expert leadership abilities of 1st Lt. Hagen were a great source of inspiration and instilled confidence in the team members. After observing an enemy rocket make a direct hit on and destroy 1 of the team's bunkers, 1st Lt. Hagen moved toward the wrecked bunker in search for team members despite the fact that the enemy force now controlled the bunker area. With total disregard for his own personal safety, he crawled through the enemy fire while returning small-arms fire upon the enemy force. Undaunted by the enemy rockets and grenades impacting all around him, 1st Lt. Hagen desperately advanced upon the destroyed bunker until he was fatally wounded by enemy small arms and automatic weapons fire. With complete disregard for his personal safety, 1st Lt. Hagen's courageous gallantry, extraordinary heroism, and intrepidity above and beyond the call of duty, at the cost of his own life, were in keeping with the highest traditions of the military service and reflect great credit upon him and the U.S. Army.
1971-After having half-a-dozen Top 20 hits in the US, The Bee Gees finally scored their first number one with "How Can You Mend A Broken Heart". Barry and Robin Gibb had written the song for crooner Andy Williams, but he turned it down.
1972 - Yogi Berra, Sandy Koufax, Lefty Gomez and Early Wynn were among eight players inducted into the Baseball Hall of Fame this day.
1976 - No. 1 Billboard Pop Hit: "Don't Go Breaking My Heart," Elton John & Kiki Dee. The song is the first on which John sings to hit No. 1 on the British charts.
1981 - After 128 years of publication, "The Washington Star" ceased operation. Only one daily newspaper remained to serve the nation's capital: "The Washington Post".
1984 Jim Deshales becomes 1,000th playing Yankee.
1985- Barbara Streisand records "The Broadway Album".
1986-A judge in Los Angeles dismissed a lawsuit against heavy metal rocker Ozzy Osbourne by the parents of a teenage suicide victim. The 19 year-old youth killed himself while listening to Osbourne's "Suicide Solution."
1986 - No. 1 Billboard Pop Hit: "Glory of Love," Peter Cetera. Cetera was a member of the group Chicago until 1982.
1987 - "Back to the Beach" opened at theatres around the country. The film reunited Frankie Avalon and Annette Funicello, who played middle-aged parents with rebellious kids -- kids like Frankie and Annette had played in their "Bikini Beach" movies in the 1960s.
1987-24 years after the movie Beach Party was released, Back to the Beach opened at theatres across America. The film reunited Frankie Avalon and Annette Funicello, who this time played middle-aged parents with rebellious kids.
1988 - Thirty-eight cities in the north central and northeastern U.S. reported record low temperatures for the date. Youngstown, OH, hit 100 degrees, and for the second day in a row, Flint, MI, reached 101 degrees, equalling all-time records for those two cities.
1989-Phoenix records the 62nd straight day with 100 degree plus temperatures, setting a new record. Twenty-four cities, mostly in the southwestern U.S., reported record high temperatures for the date. Afternoon highs of 105 degrees at Cedar City, UT, and 114 degrees at Moab, UT, were all-time records for those locations
1990-Five days after the Iraqi invasion of Kuwait, US President George Bush ordered the military buildup that would become known as Desert Shield to prevent further Iraqi advances. This was a watershed day in the Middle East. Iraq announced that it had annexed the kingdom of Kuwait -- moving over 200,000 troops into the tiny, oil-rich country. As Iraq declared Kuwait to be its 19th Providence, U.S. President George Bush (I) warned Iraqi President Saddam Hussein, “A line has been drawn in the sand.” An ordered trade and financial boycott had not worked and American forces began moving into Saudi Arabia. August 9 a naval blockade would begin and by November 8, 230,000 American troops would be in Saudi Arabia. CNN would bring us the war “live” and the “see all, expose all” of satellite transmissions would bring instantaneous sight and sound to the entire world. The BBC had been doing this for years, building a worldwide audience, but CNN would bring dramatic pictures and “You Are There.”
1991-A last-minute entry who didn't have the opportunity to play a practice round, John Daly won the PGA Championship at Crooked Stick Golf Club in Indiana by three strokes over Bruce Lietzke. Daly endured a wealth of personal problems in the ensuing years, including marital difficulties and alcoholism. but he continued to thrill tournament crowds with his prodigious drives and his “grip it and rip it” approach to the game.
1995 - Alanis Morissette's biting "You Oughta Know" soars to No. 1 on Billboard's Modern Rock chart and is the most requested tune on rock radio.
1997 - Garth Brooks played to a crowd estimated at between 250,000 and 900,000 -- with an HBO audience of more than 15 million. The crowd at the free concert, was the largest ever for a concert in New York's Central Park. Said Garth of the preparations required, “We rehearse indoors at a place here in New York. Then we rehearse with no sound for the camera guys, so they will hopefully be in the vicinity of what's going on. And then the rest of it's really, man, just fly by the seat of your pants. You know, once the show starts, all the rules are out the window.” Police estimated 250,000 were there - the promoters said the crowd was three times that size. Billy Joel and Don McLean made guest appearances. The show was meant to coincide with the release of Brooks' album "Sevens," but because of a dispute between the singer and his record company, EMI, it didn't come out until three months later.
1998 - A pair of major explosions near U.S. embassies in Kenya and Tanzania killed 224 people, including 12 Americans. “Clearly, this is a terrorist attack,” U.S. State Department spokesman Lee McClenny said.
2001--"Black Betsy," Shoeless Joe Jackson's 40-ounce warped hickory bat, is won by 30-year-old businessman Rob Mitchell in a 10-day eBay auction. The $577,610 price tag is believed to be the largest amount ever paid for a baseball bat.
2003-- Albert Pujols joins Jose Canseco as the only other player in major league history to hit 30 home runs and drive in 100 runs during of their first three seasons.
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Baseball Poem
Hustle and Energy
During tryouts
our
high school
baseball coach
explains
what it takes to
make the team
freshman believe him
Written by Dan Zamudio
"Catcher in the Wry" Baseball Poems Published by McFarland and Company
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