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Congratulations!!!
New England Patriots
Headlines---
Outsourcing---Back Office
Economic Events This Week
Trebels Joins Group to Create New Agreement Form
ELA Representatives Meet With Treasury Officials
AGLF Position of "SILO"
Genesis Appoints Tom Kenaley Director of Sales
MB Financial 4th Q/Annual Results
Pacific Capital Bancorp IV Q
Streamlined Sales Tax Project Report
News Briefs---
Sports Briefs----
Gimme that Wine"
This Day in American History
######## surrounding the article denotes it is a "press release"
------------------------------------------------------------------Look for Leasing News to be announcing the new members
of the Expanded Advisory Board this week---
------------------------------------------------------------------- -------------------------------------------------------------------
------------------------------
Outsourcing---Back Office
Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E- mail:sales@taxpartners.com
Bookkeeper: Birmingham, AL. 5+ year experience in Architectural Firm in Accounting. Provided the following services: Accounts Payable; Receivables; Payroll; Invoicing and Collections. Strong Computer and Verbal Skills. E-mail:j_pails@bellsouth.net
Backoffice: Dallas, TX.
Property Tax and sales and use tad administration services performance is guaranteed and we will save you time and money or our service is free.
E-mail: info@osgsolutions.com
Backoffice: Indianapolis, IN
JDR Solutions, LLC specializes in delivering customized back-office lease portfolio admin./ ASP services for lessors, banks, manufacturer captives: other financial institutions.
Paul Henkel (317) 251-5352 ex. 7201 E-mail: paul.henkel@jdrsol.com
Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. E-mail:batarista@laughlin.net
Backoffice:New Rochelle, NY
Proactive management/administration of commercial/consumer vehicle lease/finance portfolios covering insurance, titles, registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975 E-mail: Barrett@BarrettCapital.com
Back Office: Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/ income tax, accounting, etc. E- mail:ngeary@edwinsigel.com
Back Office: San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
E-mail:gmartinez@phxa.com
Operations: Portland , OR. Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. Contact Eric Gross (800547-4905 X-3226. egross@pfsc.com
Operations: Roseburg, OR
Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury 541-673- 4116 or 541-784-7973.
email: doc_prep@yahoo.com
Full Listing of Outsourcing Classified Ads at:
http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm
see Jobs Wanted:
http://64.125.68.90/LeasingNews/JobPostings.htm [Headlines]
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Economic Events This Week
Monday
February 2
Personal Income: December
Construction Spending: December
Tuesday
February 3
Wednesday
February 4
Factory Orders: December
Thursday
February 5
U.S. Productivity:4th Quarter
Sales of Leading Retailers: January
Weekly Jobless Claims
Friday
February 6
Unemployment: January
Consumer Borrowing: December [Headlines]
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Trebels Joins Group to Create New Agreement Form
"Count IFC Credit Corporation in as part of the group to help fund a standard proposal agreement between Lessor and a potential Lessee.
" I have attached our standard base document for your review as a potential starting point. It has been tweaked several times over the past 15 years to hopefully accommodate the different situations which may occur during the awarding of a transaction and its subsequent credit approval and funding."
Sincerely,
Gary Trebels, CLP
Vice-President
IFC Credit Corporation
Here are others that have joined the effort to date:
Ben Carlile
Allegiant Partners Incorporated
Warren Hawkins
Bank Partners
Paul Behechti
Bridge Capital Leasing
Theresa Kabot
Kabot Commercial Leasing
Gary Saulter
Chase Industries
The people who are donating $200 to this effort, also are presenting the documents their company uses today, and their experience. The form will be generic, and hopefully valid in most states. It certainly will spell out what is "earned" for working on an application.
If you have the faith that if the lease does not go through, you will return all the money, that is your choice.
If you want to be remunerated for your time and effort, we hope to make this form available "for free" to all readers, once we find six more who want to "donate" $200 to this effort.
While we do not want to give legal advice, particularly realizing that states differ and there are also licensing issue, we asked Ken Greene for some "generic" help.
He has agreed to perform this service, review the forms, and then devise a "generic one" to help brokers retain expenses, particularly if an application is not approved or terms and conditions change.
"I am glad to help if a pool of leasing companies would like to get together and hire me to put together a thorough form. It can still be simple, but it should be internally consistent and not appear to be punitive in nature."
Ken
Kenneth C. Greene
Law Offices of Kenneth C. Greene
980 Magnolia Avenue Suite 6C
Larkspur, CA 94939
Vox: 415 461 3777
Fax: 415 461 3733
E-Mail: keng@kengreenelaw.com
Website: www.kengreenelaw.com
For those who participate, Ken Greene is willing to do extra work for a minimal fee on the form for their specific needs. Each company will sign an agreement regarding this form to cover expenses incurred should a lease not go forward, plus give other clauses for specific terms and conditions to b
e covered in the proposal. Should we not obtain the $2,000 needed, all money will be returned. As per our policy, we also reserve the right to refuse a sponsorship.
[Headlines]
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"ELA Representatives Meet With Treasury Officials"
ELT E-News Daily
A team from The ELA met with Treasury officials on Wednesday, January 28, to discuss Bush Administration budget proposals regarding leasing to tax
exempt entities. "These proposals will constitute the first Bush tax increase," according to ELA President Michael Fleming. Treasury has been
positioning the administration to raise significant revenue from proposed changes under the cover of ending abuse or closing a "loophole". "$33.7
Billion is no loophole," according to Fleming.
The Treasury officials were led by Assistant Secretary for Tax Policy, Pam Olson. The 75 minute meeting was cordial but the general message from
Treasury was not good for the equipment leasing industry and its customers. Treasury intends to propose:
o In a transaction to a tax-exempt utilizing a lease followed by a service contract, the lease term and service contract term would be aggregated
together for the purpose of determining the allowable depreciation period. However, no changes will be proposed to current law for stand alone service
contracts.
o A passive loss activity proposal will be made but few details were provided. Secretary Olson did characterize it as "less broad" than
proposals in the Senate Finance Committee Bill ( S 1637). Olson indicated that they intended to apply the proposal to transactions in which the
lessee uses defeasance and defeasance like mechanisms.
Treasury officials expressed clear opposition to transactions in which there is a perception that the lessor has significantly reduced or eliminated its risk. ELA representatives described the most common forms of credit enhancement and stressed that there is real risk of default and loss in transactions, with or without defeasance. However, Treasury representatives stated that they believe that defeasance above the 20% level sould be reviewed and over 50% clearly would make the transaction subject to the passive loss rules. Olson indicated that they are applying the same anti-arbitrage principles used in approving tax exempt bonds.
Olson also indicated that the passive loss proposal would include leases to foreign taxable entities.
o Eliminating or limiting the QTE. Issues with the QTE relate to several matters. Secretary Olson continued the theme of opposition to anything that reduced lessor risk. While not being specific, she mentioned the use of residual value insurance as not being acceptable. She further suggested
that the QTE exception from Pickle Depreciation would be eliminated and / or the definition of qualified technological equipment would be narrowed.
Treasury's written proposals will be announced on Monday, February 2. Secretary Olson did reiterate that Treasury does consider certain current transactions as not conforming to the intent of current law. While identifying those areas in transactions to which they object such as Lease to Service Contract structures or use of defeasance, she stopped short of calling them illegal.
ELA representatives pressed the Treasury officials that the latter are actually calling for a change in policy, not closing a loophole. In this regard, ELA strongly objected to the retroactive effective date of January 1, 2004, for a change in policy that has not yet even been considered by Congress. ELA also reiterated its belief that to characterize as "abusive", transactions that have been done under 20 years of current law, is just poor government.
Treasury has consistently mis-characterized tax exempt leases in an attempt to portray them as abusive or tax shelters. It coined the term "SILO", they ignored the generation of taxable income in their descriptions of transactions and they have misstated the cash flows and level of benefits and obligations.
http://www.elaonline.com/Leasing4USA/
[Headlines]
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Association of Government Leasing and Finance Position on "SILO"
"The Association for Governmental Leasing and Finance respectfully submits the following statement in response as it relates to the AGL&F and the impact on its membership:
"While the current budget proposal, which purports to be designed to "stop abusive leasing transactions with tax-indifferent parties," certainly could have a significant adverse impact on operating leases between lessors and tax-exempt entities, the focus of the Association for Governmental Leasing and Finance is primarily related to traditional tax-exempt municipal and 501(c)(3) lease purchase transactions.
"In these transactions municipal entities, or 501(c)(3)
entities through municipal entities, enter into lease-purchase agreements with vendors or other financing sources in order to acquire or construct real or personal property for use by the municipal entity or 501(c)(3) entity. Typically these transactions are treated as "sales" rather than leases f
or federal income tax purposes. Accordingly, these traditional tax-exempt municipal and 501(c)(3) lease-purchase transactions would not appear to be affected by the current
budget proposal."
"FOR FURTHER INFORMATION, PLEASE CONTACT
GRAHAM HAUCK, EXECUTIVE DIRECTOR: 202.742.2453
1222 Twenty-Third Street, NW o Suite 200 o Washington, DC 20037-1174 o (202) 742-AGLF (2453) o FAX (202) 833-3636
EMAIL: info@aglf.org o INTERNET: www.aglf.org"
[Headlines]
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#### Press Release ################################################
Genesis Appoints Tom Kenaley Director of Sales
Irvine, Ca: Genesis Commercial Capital is pleased to announce the addition of Tom Kenaley as Director of Sales. Tom most recently worked at Balboa Capital Corporation as the Vice President of Sales and brings 9+ years of experience in all facets of sales, sales management, and marketing. After e
arning honors at Balboa Capital's top-producing account executive for two consecutive years, Tom led the Irvine sales office to annual sales growth of 30% from 2000 to 2003.
"Tom will play a strategic role in our launch of a major growth strategy during the first
half of 2004," commented Greg Rieke, President. " Additionally, Tom will contribute on an executive level to the Vision and Strategy of Genesis Commercial Capital, as well as bringing our sales organization a more refined focus."
About Genesis Capital:
Genesis Commercial Capital is a small ticket leasing company with corporate offices in Irvine, CA. Since inception, Genesis has experienced tremendous growth and profitability by focusing on the unique requirements of small business owners. Gong forward, the company intends to continue an aggressi
ve growth strategy by strategically investing in the development of high-caliber account executives. [Headlines]
### Press Release #########################################################
MB Financial, Inc. Reports Record Fourth Quarter and Annual Results for 2003
CHICAGO----MB Financial, Inc. (NASDAQ:MBFI) (the Company), the holding company for MB Financial Bank, N.A. and Union Bank, N.A., announced today fourth quarter and annual results for 2003. The Company had net income of $14.3 million for the fourth quarter of 2003 compared to $12.3 million for the
fourth quarter of 2002, an increase of 16.1%. Fully diluted earnings per share for the fourth quarter of 2003 increased 15.6% to $0.52 compared to $0.45 per share in the fourth quarter of 2002. The Company had net income of $53.4 million for the year ended December 31, 2003 compared to $46.4 milli
on for year ended December 31, 2002, an increase of 15.1%. Fully diluted earnings per share for 2003 increased 14.0% to $1.96 compared to $1.72 per share in 2002.
Mitchell Feiger, President and Chief Executive Officer of MBFI said, "We are very pleased with our operating results for 2003. The fourth quarter presented another strong period of earnings for our Company as the economy continues to show signs of strengthening."
In addition to the operating results noted above, the Company had the following significant items that occurred during the fourth quarter of 2003:
-- Return on average equity of 15.39% for the quarter, up from 14.45% in the fourth quarter of 2002.
-- Return on average assets of 1.33% for the quarter, up from 1.30% in the fourth quarter of 2002.
-- The Company split its common shares three-for-two by paying a 50% stock dividend on December 22, 2003. All common share and per common share data presented here has been adjusted to reflect such dividend.
See "Selected Financial Ratios" section below for additional statistical data regarding the Company's 2003 fourth quarter and year to date performance.
On January 12, 2004, the Company jointly announced with First SecurityFed Financial, Inc. (First SecurityFed), parent of First Security Federal Savings Bank, that we agreed to merge. The Company will be the surviving corporation in the transaction valued at $139.2 million, which will be paid th
rough a combination of MB Financial, Inc. common stock and cash. The transaction is expected to generate approximately $52.0 million of goodwill. First SecurityFed reported assets of $490.8 million as of September 30, 2003. Completion of the transaction is expected in the second quarter of 2004, p
ending First SecurityFed shareholder, regulatory and other necessary approvals.
RESULTS OF OPERATIONS
Fourth Quarter Results
Net income was $14.3 million for the fourth quarter of 2003 compared to $12.3 million for the fourth quarter of 2002. Net interest income, the largest component of net income, was $36.6 million for the three months ended December 31, 2003, an increase of $3.6 million, or 10.7% from $33.0 millio
n for the comparable period in 2002. Net interest income grew primarily due to a $440.0 million, or 12.8% increase in average interest earning assets, which offset a 3 basis point decline in the net interest margin, expressed on a fully tax equivalent basis, to 3.84% from 3.87% in the comparable 2
002 period. The increase in average interest earning assets was primarily due to the acquisition of South Holland Bancorp, Inc. (South Holland) in the first quarter of 2003 and continued growth of the Company's commercial lending business.
The provision for loan losses decreased $163 thousand to $2.5 million in the fourth quarter of 2003 from $2.7 million in the comparable 2002 period, primarily due to a decline in non-performing loans and net charge-offs. See "Asset Quality" section below for further analysis of the Company's al
lowance for loan losses.
Full press release at www.leasingnews.org
[Headlines]
##### Press Release ##################################################
Pacific Capital Bancorp Reports Fourth Quarter Earnings
SANTA BARBARA, Calif.----Pacific Capital Bancorp (Nasdaq:PCBC):
Highlights
-- New deposit products generate 5,000 new accounts, representing$50.8 million in the fourth quarter
-- Nonperforming loans decrease 30% in 2003
-- Full year 2004 earnings per share (excluding acquisition)expected to range between $2.39 and $2.51
-- Acquisition of Pacific Crest Capital, Inc. in March is expected to add $0.10 per share in 2004 (excludingmerger-related costs)
Pacific Capital Bancorp (Nasdaq:PCBC), a community bank holding company with $4.9 billion in assets, today announced financial results for the fourth quarter and the full year ended December 31, 2003.
Net income for the fourth quarter was $12.6 million, or $0.37 per diluted share, a decrease of 13.1% from $14.5 million, or $0.42 per diluted share, for the fourth quarter of 2002. In the fourth quarter of 2002, the Company had recognized a one-time tax benefit in the amount of approximately $9
72,000, or $0.03 per diluted share, related to certain overpayments of income tax from 1999 to 2002.
For the full year 2003, Pacific Capital Bancorp's net income was $75.7 million, or $2.19 per diluted share, an increase of 1.1% from $74.9 million, or $2.14 per diluted share, for the full year 2002.
Pacific Capital Bancorp's return on average equity (ROE) and return on average assets (ROA) for the fourth quarter of 2003 were 12.90% and 1.04%, respectively, compared to 15.39% and 1.38%, respectively, for the fourth quarter of 2002. For the full year 2003, ROE and ROA were 19.44% and 1.63%,
respectively, compared to 21.46% and 1.80%, respectively, for 2002.
"While the low interest rate environment continues to present significant challenges to near-term earnings growth, we are pleased with our efforts in the fourth quarter on a number of fronts that position us for significant growth in the future," said William S. Thomas, Jr., President and Chief
Executive Officer of Pacific Capital Bancorp. "Economic conditions are strengthening in our markets, and our efforts to capitalize on the growing number of quality lending opportunities resulted in solid growth in our residential real estate and commercial lending portfolios in the fourth quarter
. We also introduced a new no-fee checking account that is being well received, and generated more than 5,000 new account openings in the quarter, totaling $50.8 million. Additionally, our Trust Division had a very successful quarter in bringing in new accounts which helped contribute to an increa
se of 25.4% in total fees over the previous year. The combination of these efforts provides a solid foundation for future quarters."
Full Press Release at www.leasingnews.org
[Headlines]
### Press Release #########################################################
____________________________________________________________________
Streamlined Sales Tax Project Report
by Dennis Brown, Equipment Leasing Association
The Streamlined Sales Tax Project (SSTP) met in San Diego on Monday, January 12 and Tuesday, January 13. Discussions included an off line meeting to examine provisions of the Simplified Sales and Use Tax Act in Congress that would require tax collection by online and catalog retailers. This se
ssion subsequently became one of several contentious issues at the National Conference Of State Legislatures (NCSL) Task Force meeting in Denver on Friday, January 16. I'll report on that confrontational discussion in a separate update.
The SSTP session expected in March will probably be postponed to allow the public and private sector to accomplish separate objectives. SSTP will hold a number of work group discussions (on bundling, digital good, and other topics) between now and the next SSTP meeting which is expected to occur
in May.
The Council On State Taxation (COST) will convene a private sector meeting to review the level of compliance by states. The private sector meeting will be an opportunity for the private sector volunteers to meet as a group and to review the compliance checklists with the government representative
s who did the initial preparation. Drafts of the checklist are due March 1st and the meeting to review the checklists will take place sometime during the month of March. Chicago is the probable location of the meeting but plans are currently in the early stages.
This update covers:
Compliance
Exemption Certificate
Candy Definition
Amnesty Procedures
Digital Equivalent of Tangible Personal Property
DETPP Purpose Versus Perception
DETPP Burdens
Options For Attaining DETPP Purpose and Principle
Option 1 - Adopt General Definition of DETPP
Option 2 - General Definition with Subcategory Definitions
Option 3 - Adopt Only Specific Subcategory Definitions
Option 4 - Taxability Matrix
Option 5 - Taxability Matrix Combined with 1, 2 or 3
Model 3 Certified Automated Systems (CAS)
Full Report Available at www.leasingnews.org
[Headlines]
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News Briefs---
Most mortgage rates edge higher, further rise seen
http://www.usatoday.com/_ads/interstitial/2004/01-aol/frame.htm?http://www.usatoday.com/money/
perfi/housing/2004-01-29-mortgage_x.htm
Investing in Bank Stock
http://www.washingtonpost.com/wp-dyn/articles/A312-2004Jan31.html
Asset-backeds -Wind down before Arizona conference
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/.htm
[Headlines]
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Sports Briefs---
Patriots Win Super Bowl
http://www.boston.com/sports/football/patriots/articles/2004/02/02/champs_again/
http://www.patriots.com/games/gamesdetails.sps?matchreportid=27934&matchid=27682 http://www.charlotte.com/mld/charlotte/sports/football/nfl/carolina_panthers/7852581.htm?ERIGHTS=-4684345737986884461charlotte::kitmenkin@leasingnews.org&KRD_RM=3plmkjqpmqqqmsjjjjjjjjjoom|Kit|N
http://www.carolinapanthers.com/gameday/
http://www.washingtonpost.com/wp-dyn/articles/A3540-2004Feb1.html?nav=hptop_tb
http://www.nytimes.com/pages/sports/football/index.html http://www.stltoday.com/stltoday/sports/stories.nsf/Sports/Rams/DD6420070E40603886256E2E0
01D4281?OpenDocument&Headline=Play+it+again,+Patriots
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/02/02/IRA.TMP
http://www.usatoday.com/sports/football/super/2004-02-01-game-story_x.htm
Owens hopes Falcons bid to sign him
http://www.ajc.com/sunday/content/epaper/editions/sunday/sports_04c14a47a214528e00cc.html
[Headlines]
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"Gimme That Wine"
Wine, Carbohydrates and the Atkins Diet
http://wine.about.com/library/weekly/aa061603.htm
Wine Sales May Spur Growth at Chains
http://www.boston.com/business/articles/2004/01/31/wine_sales_may_spur_growth_at_chains/
Taking the Barge Through Burgundy, France
http://www.nytimes.com/2004/02/01/travel/01barge.html
[Headlines]
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This Day in American Leasing
1848-Treaty of Guadalupe Hildalgo: The war between Mexico and the US formally ended with the signing of the Treaty of Guadalupe Hidalgo, signed in the village for which it was named. The treaty provided for Mexico's cession to the US of the territory that became the states of California, Nevada, U
tah, most of Arizona, and parts of New Mexico, Colorado and Wyoming, in exchange for $15 million from the US. In addition, Mexico relinquished all rights to Texas, north of the Rio Grande. The Senate ratified the treaty Mar 10, 1848.
http://memory.loc.gov/ammem/today/feb02.html
1876-William Hulbert founded the National League of Professional Baseball Clubs at a meeting in Chicago Original franchisees were granted to Boston, Chicago, Cincinnati, Hartford, Louisville, New York, Philadelphia and St. Louis.
1886-William R. Benet birthday, American poet and critic. Born at Fort Hamilton, NY; died at New York, NY, May 4, 1950.
http://www.encyclopedia.com/html/B/Benet-S1t.asp
1870-The first Justice of a state supreme court who was African-American was Jonathan Jasper Wright of Beaufort, South Carolina, who served as one of the three members of the court from February 2 to December 1, 1877. He resigned due to a move to oust him by white society. After leaving the C
ourt, Wright moved to Charleston and set up a law practice. He established Claflin College's law department and conducted classes at his office in Charleston. He served a number of years as a Claflin College trustee and was active in the Republican Party. Jonathan Jasper Wright died on February 19
, 1885 of tuberculosis.
http://www.aaregistry.com/african_american_history/691/Jonathan_Wright_lawyer_and_politician
http://www.law.sc.edu/memory/wright.htm
1880-The first electric streetlight was installed in Wabash, Indiana. This day the city appropriated $100 to the Brush Electric Light Company of Cleveland, OH, to install a light on the dome of the courthouse. On March 31, four lights, each over 4,000 candlepower, were placed on a staff above
the courthouse, and on April 8, a further payment of $1,800 was authorized.
1892-The first bottle cap with a cork drown was invented in 1892 by William Painter, founder of the Crown Cork and Seal Company, Baltimore, MD, who obtained a patent for the product on this day. It was a simple bit of tin with a corrugated rim or skirt into which was inserted a disc of natura
l or composition cork. It changed the bottle industry and the popularity of soda drinks. http://www.makk.fi/crowns/williampainter.asp
1888-Guitarist Louis Keppard birthday, New Orleans, LA.
1893-The first "close-up" recorded on film, known as "The Sneeze." One day after Thomas Edison's "Black Maria" studio was completed at West Orange, NJ, a studio cameraman took the first "close-up" in film history. The Record of a Sneeze, starring Edison's assistant Fred P. Ott, was also the fir
st motion picture to receive a copyright (1894).
http://www.americaslibrary.gov/aa/edison/aa_edison_movies_2_e.html
1907-W.H.Auden birthday, Pulitzer Prize-winning Anglo-American poet was born at York, England. "Some books," he wrote in The Dyer's Hand (1962), "are undeservedly forgotten; none are undeservedly remembered." Died at Vienna, Austria, Sept 28, 1973.
http://www.poets.org/poets/poets.cfm?prmID=121
1895-George ("Papa Bear") Halas, Pro Football Hall of Fame coach and owner, born at Chicago, IL. After playing football at the University of Illinois and baseball with the New York Yankees, Halas helped to found the National Football League and the Chicago Bears in 1920. As coach of the Bears
for 40 years, he compiled a record of 324 wins, 151 losses and 31 ties. Charter member of the Hall of Fame, 1963. Died at Chicago, IL, Oct 31, 1983.
http://www.manlyweb.com/realmen/GeorgeHalas.html
http://www.beninati.com/pages/Halas-Ditka-tribute.htm
1905-Birthday of Ayn Rand, (Alice Rosenbaum), Russian-born U.S. novelist and screenwriter whose novels on rugged individualism developed a huge cult following. Her first major novel, The Fountainhead (1943) became a movie but it was her second, Atlas Shrugged (1957) that spurred the "object
ivism" movement as was summarized as "I swear - by my life and my love of it - that I will never live for the sake of another man, nor ask another man to live for mine." She advocated that rational self-interest should be the basic interest of a person and self-fulfillment the person' moral respon
sibility. She saw altruism as a political and personal weakness. Her philosophy of objectivism, essentially reversing the traditional Judeo- Christian ethic.
http://www.ayn-rand.com/ayn-rand-bio.asp
http://www.aynrand.org/
1914-African-American Ernest E Just, biologist, receives the Spingarn Medal for pioneering research on fertilization and cell division.
http://www2.sjsu.edu/depts/Museum/ernest.html
http://www.princeton.edu/~mcbrown/display/just.html
A postage stamp in his honor was issued February 1,1966
1922 - Film director William Desmond Taylor was found in his Hollywood, California, bungalow, shot through the heart. His murder involved the most prominent female stars in Hollywood: Mary Pickford, Mabel Normand, and Mary Miles Minter. When detectives investigated Taylor's home, they found ma
ny keepsakes, including a photograph of Pickford, a collection of women's underwear with initials and the date of conquest, and perfumed love letters from Minter. While Pickford knew nothing of the killing, her name was linked to the case for months. Normand was the last person to report seeing Ta
ylor alive. The beautiful comedic star told police she dropped by to see Taylor that evening and stayed for two hours, discussing movies and books. It was suspected that she went for more than conversation. Although she was later exonerated, her character was tarnished by the press. Normand never
again rose to the stardom she once had, and her latest film, Susanna, was pulled from circulation by Mack Sennett after "Good Housekeeping" magazine pronounced Normand too "adulterated" for the screen. Minter's career, too, was ruined. The young actress had loved Taylor deeply. During his funeral,
Minter rushed hysterically to Taylor's open coffin and kissed his corpse. The media had a vindictive heyday with Minter's affair with the director. Taylor's killer was never found.
http://www.crimelibrary.com/notorious_murders/classics/william_taylor/1.html?sect=26
1924-Alto/Tenor sax player Edward "Sonny" Stitt born Boston, Mass. Died July 22, 1982 in Washington, D.C.
http://www.52ndstreet.com/justjazz/stitt_mosaic.html
http://www.thejazzfiles.com/JazzStitt.htm
http://www.jazzvisionsphotos.com/contact/stitt.htm
1925-Sled Dogs Save Nome. When a diphtheria outbreak was diagnosed in Nome, Alaska ( Popular 1,500) on January 21, the nearest large amount of antitoxin serum was in Anchorage. bitter winter temperatures made air delivery impossible, so a heroic dog sled relay was set up, 300,000 unites of se
rum were delivered by train to Nenana, Alaska, and on January 27-in temperatures of 40-50 degrees below zero-20 mushers drove scores of dogs on a 674-mile journey to Nome in 127 hours. Togo was the lead dog for the first 350 miles, and Balto was the lead dog on the final 53miles. The frozen seru
m arrived at 5:30am and once thawed and administered, there were no more diphtheria deaths. Balto became a national hero, and a statue was erected in his honor in New York City's Central Park.
http://www.pbs.org/wnet/nature/sleddogs/balto.html
http://www.heritagepreservation.org/PROGRAMS/SOS/4KIDS/arthist/balto.htm
1927-Great jazz Tenor Saxophone player, one of the "Four Brothers," Stan Getz birthday, born at Philadelphia, PA. He was one of the first to introduce the cool-jazz style, no vibrato, which became a major movement in the 1950s, and the bossa nova (new wave) style of the 1960s. Getz received 1
1 Grammy Awards, and was the first jazz musician to win the Grammy Award for Record of the Year (1965) for "The Girl from Ipanema." Died at Malibu, CA, June 6, 1991.
http://www.duke.edu/~lmw4/
http://www.pbs.org/jazz/biography/artist_id_getz_stan.htm
http://www.allaboutjazz.com/php/article.php?id=181
1926-Birthday of great R&B,Jazz tenor saxophone player Red Prysock, Greensboro,NC. I have one of his first vinyl albums, 1956, Mercury "Rock and Roll," with a picture of an attractive lady dancing. In those days. Black musicians never had their picture on the album for sale to Caucasians. I
t is a classic example and a fantastic album.
http://home.earthlink.net/~jaymar41/rprysock.html
http://www.theiceberg.com/artist.html?artist_id=27579
(super collection of the R&B tenor saxophone players of this
era, as your remember there was no "big band" music in the early
1950's and groups like Johnny Otis and Big Jay McNeely, along
with Red Prysock were "it." The R&B jazz organ also came
into being during this time, and Count Basie had a small
group featuring his organ playing (made several records.)
1935-The lie detector was first used as evidence in a court of law for consideration by a jury was the Keeler Polygraph, invented by Leonarde Keeler of the Scientific Crime Detection Laboratory, Northwestern University School of Law, Chicago, Il. Keeler conducted a test this day in Portage,
WI, and produced graphs of the test in the case of Wisconsin State v. Cecil Loniello and Tony Grignano that was being heard in the Circuit Court of Columbia County, WI. Both defendants were found guilty of assault. Test of a similar nature had been used in minor civil and criminal cases as early
as 1924, when blood pressure readings were made with a Tycos sphygmomanometer.
1936-Baseball Hall of Fame. The five charter members of the brand-new Baseball Hall of Fame at Cooperstown, NY, were announced. Of 226 ballots cast, Ty Cobb was named on 222, Babe Ruth on 215, Honus Wagner on 215, Christy Mathewson
on 205 and Walter Johnson on 189. A total of 170 votes were necessary to be elected to the Hall of Fame.
1937-Birthday of wine maker, and also well-known comedian and folk singer,
"Mother liked him best," Tom Smothers, (brother of Dick Smothers, "The Smothers Brothers Comedy Hour"), born New York, NY. Best known for his plaintive, "Mom always liked you best!" and as the slightly slow-witted (on-stage that is), comical half of the Smothers Brothers, Tom Smothers also has ha
d a sporadic solo career as an actor and performer of children's music. He made his feature film debut sans brother Dick Smothers in Get to Know Your Rabbit (1972). A master at Yo-Yo tricks, Smothers made an instructional video, The Yo-Yo Man, in 1988.
http://www.smothersbrothers.com/
1937 - Guy Lombardo and his orchestra recorded "Boo Hoo" on Victor Records. It became one of the group's all-time hits.
1942-guitarist James "Blood" Ulmer born St Matthews SC
http://www.courageartists.com/jamesblood.htm
http://www.furious.com/perfect/bloodulmer.html
http://www.hyenarecords.com/james_ulmer_2.htm
http://www.amazon.com/exec/obidos/ASIN/B00005NNOK/inktomi-musicasin-20/ref%3Dnosim/102-3404776-8123369
1947-Dream girl Farrah Fawcett birthday, actress, model ("Charlie's Angels," The Burning Bed), born Corpus Christi, TX.
http://www.eonline.com/Facts/People/Bio/0,128,5219,00.html
http://www.charliesangels.com/farrah.html
http://www.spacesurfer.com/wceleb/list/Farrah_Fawcett_0.html
1949-Golfer Ben Hogan was involved in a near-fatal automobile accident when the car he was driving was hit head-on by a bus. Despite serious injuries, Hogan recovered to win the 1950 US Open, beating Lloyd Mangrum and George Fazlo in a playoff.
1951 -- -35ºF (-37ºC), Greenburg, Indiana (state record until 1994)
1953---Top Hits
Why Don't You Believe Me - Joni James
Don't Let the Stars Get in Your Eyes - Perry Como
Keep It a Secret - Jo Stafford
I'll Never Get Out of This World Alive - Hank Williams
1953-Birthday of "River of Dream's" girl Christie Brinkley, born Malibu,
California. American supermodel whose 20-year contract with Cover Girl (1976-96) was the longest-running contract in the modeling industry. Her image has graced the covers of dozens of magazines, including three Sports Illustrated swimsuit issues. Brinkley's nine-year marriage (1985-94) to sing
er Billy Joel was highly publicized and they produced a daughter. Her hobby was taking photographs of celebrities, including her husband many singing tours, particularly the visit to the USSR. She appeared in Joel's music videos and in the John Hughes's comedies, National Lampoon's Vacation (1983)
and Vegas Vacation (1997) with Chevy Chase . She has two children and in 1996, she married husband number four, architect Peter Cook.
http://www.famousbabes.com/christie/cbpics1.htm
http://www.spacesurfer.com/wceleb/list/Christie_Brinkley_0.html
1950-"What's My Line" premieres on TV. This popular game show premiered on CBS and ran for 17 years in prime time. A panel of four celebrities figured out the professions of the contestants and the identities of the mystery guests by asking yes-or-no questions. The first panel consisted of poe
t Louis Untermeyer, columnist Dorothy Kilgallen, New Jersey Governor Harold Hoffman and psychiatrist Dr. Richard Hoffman. Yankee Phil Rizzuto was the first mystery guest. John Daly hosted.
http://www.geocities.com/TelevisionCity/4439/whatsmyline.html
http://www.geocities.com/mcarroyo86/
1955- Petula Clark's first major hit "Majorca," debuts on the U.K. chart. Although the single is the first of a string of Top Twenty hits in the U.K. and Europe, it will be ten years before Clark gets a hit in the U.S.
http://www.petulaclark.net/
1956- Autherine Lucy becomes the first black student admitted to the University of Alabama after Governor George Wallace who blocked the University's doorway is removed by U.S. marshals.
http://ww2.rochester.k12.mn.us/john-marshall/teacherpages/dastutz/civrigthsper1-2002/chanellet.htm
http://www.cptr.ua.edu/alex/studyguides/patton.htm
http://www.datelinealabama.com/article/2002/11/21/3352_news_art.php3
1956- Atlantic Records signs the Coasters, and rushes to release their first record, "Down in Mexico," written by new Atlantic writers Leiber and Stoller.
http://www.angelfire.com/mn/coasters/atlant.html
http://www.johnnyspencer.info/images06/downinmexicoC.jpg
http://www.onlinetalent.com/Coasters_songlist.html
http://www.delafont.com/music_acts/coasters.htm
http://www.angelfire.com/mn/coasters/hits.html
1957-Fats Domino sings "Blueberry Hill" and "Blue Monday" on Perry Como's television show.
1959- Buddy Holly, Ritchie Valens and the Big Bopper make their last onstage appearances during the GAC Winter Show tour, at the Surf Ballroom in Clear Lake, Iowa.
1959-Frankie Avalon's "Venus" is released on Chancellor Records. It will become the teen idol's greatest hit.
http://www.history-of-rock.com/frankie_avalon.htm
1960-Roland Americo "Buddy" Blancalana, former baseball player, born Larkspur, California.
1961---Top Hits
Will You Love Me Tomorrow - The Shirelles
Calcutta - Lawrence Welk
Shop Around - The Miracles
North to Alaska - Johnny Horton
1962-Uelses vaults 16 feet. At the Milrose Games in Madison Square Garden, Marine Corps corporal John Uelses became the first man to pole vault higher than 16 feet, indoors or outdoors. Using a fiberglass pole, Uelses cleared 16 feet, ¼ inches. http://www.lasalle.edu/alumni/hoa/uelses.htm
http://users.commkey.net/fussichen/otdtrac.htm
1967-Hockey player Arthur Irbe born Riga, Lativa, USSR Played for San Jose Sharks ( have a Shark's jersey with his autograph on our office hallway wall.)
tp://www.geocities.com/ingus_2000/irbe.html
1969---Top Hits
Crimson and Clover - Tommy James & The Shondells
Everyday People - Sly & The Family Stone
Worst that Could Happen - Brooklyn Bridge
Daddy Sang Bass - Johnny Cash
1977-- Radio Shack officially begins creating the TRS-80 computer
http://www.old-computers.com/museum/computer.asp?st=1&c=409
See his jersey at: http://www.earthforums.com/shopping/jerseys-sj-sharks.shtml
1977---Top Hits
Car Wash - Rose Royce
Dazz - Brick
Hot Line - The Sylvers
Let My Love Be Your Pillow - Ronnie Milsap
1981-REO Speedwagon, the journeyman band that almost found itself out of deal by the mid-70's, have the biggest album of the year with "Hi-Infidelity," as it goes platinum on this date. It reaches Number One and is there for a total of 14 weeks.
http://www.speedwagon.com/
1985---Top Hits
I Want to Know What Love Is - Foreigner
Easy Lover - Philip Bailey with Phil Collins
Careless Whisper - Wham! featuring George Michael
A Place to Fall Apart - Merle Haggard with Janie Fricke
1989 --- 0ºF (-18ºC) or below in 15 US states.
1987 - In a "People" magazine poll, readers chose Katharine Hepburn and Cary Grant as their favorite, all-time actors.
1989---Top Hits
Straight Up- Paula Abdul
When I m With You,-Sheriff
Wild Thing- Tone-Loc
Born To Be My Baby- Bon Jovi
1992-- IRS and Willie Nelson settle on $9 million tax claim of $16.7 million.
http://www.taxfables.com/Columns/Collections/Willie_Nelson.html
http://www.pricegrabber.com/search_fullinfomu.php/music_id=129083/music2=1/ut=43a1166e76d27a36
1994---Top Hits
All For Love- Bryan Adams/Rod Stewart/Sting
Hero- Mariah Carey
The Power Of Love- Celine Dion
Breathe Again- Toni Braxton
1997-Student bowls 900 series: Jeremy Sonnefeld, 20, from Sioux Falls, SD, bowled a 900 series, three consecutive perfect games, in a touranment in Omaha, NE. Sonnefeld, a sophomore at the University of Nebraska majoring in business, had the series sanctioned by the American Bowling Congress
two days later. Two other bowlers had bowled three consecutive perfect games, but neither met the exacting standards required to qualify as a 900 series. In December 1993 Tony Ockerman bowled his games over two sets of competition. In April 1996 Norm Duke bowled his games in the middle of an eight
-game block.
http://www.sunvalleylanes.com/900.htm
1999---Top Hits
..Baby One More Time- Britney Spears
Angel Of Mine- Monica
Have you Ever?- Brandy
Nobody s Supposed To Be Here- Deborah Cox
2003---Top Hits
All I Have- Jennifer Lopez Featuring LL Cool J
Bump, Bump, Bump- B2K & P. Diddy
Beautiful- Christina Aguilera
I'm With You- Avril Lavigne
[Headlines] Headlines---
Outsourcing---Back Office
Economic Events This Week
Trebels Joins Group to Create New Agreement Form
ELA Representatives Meet With Treasury Officials
AGLF Position of "SILO"
Genesis Appoints Tom Kenaley Director of Sales
MB Financial 4th Q/Annual Results
Pacific Capital Bancorp IV Q
Streamlined Sales Tax Project Report
News Briefs---
Sports Briefs----
Gimme that Wine"
This Day in American History
######## surrounding the article denotes it is a "press release"
------------------------------------------------------------------Look for Leasing News to be announcing the new members
of the Expanded Advisory Board this week---
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Outsourcing---Back Office
Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E- mail:sales@taxpartners.com
Bookkeeper: Birmingham, AL. 5+ year experience in Architectural Firm in Accounting. Provided the following services: Accounts Payable; Receivables; Payroll; Invoicing and Collections. Strong Computer and Verbal Skills. E-mail:j_pails@bellsouth.net
Backoffice: Dallas, TX.
Property Tax and sales and use tad administration services performance is guaranteed and we will save you time and money or our service is free.
E-mail: info@osgsolutions.com
Backoffice: Indianapolis, IN
JDR Solutions, LLC specializes in delivering customized back-office lease portfolio admin./ ASP services for lessors, banks, manufacturer captives: other financial institutions.
Paul Henkel (317) 251-5352 ex. 7201 E-mail: paul.henkel@jdrsol.com
Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. E-mail:batarista@laughlin.net
Backoffice:New Rochelle, NY
Proactive management/administration of commercial/consumer vehicle lease/finance portfolios covering insurance, titles, registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975 E-mail: Barrett@BarrettCapital.com
Back Office: Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/ income tax, accounting, etc. E- mail:ngeary@edwinsigel.com
Back Office: San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
E-mail:gmartinez@phxa.com
Operations: Portland , OR. Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. Contact Eric Gross (800547-4905 X-3226. egross@pfsc.com
Operations: Roseburg, OR
Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury 541-673- 4116 or 541-784-7973.
email: doc_prep@yahoo.com
Full Listing of Outsourcing Classified Ads at:
http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm
see Jobs Wanted:
http://64.125.68.90/LeasingNews/JobPostings.htm [Headlines]
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Contract Administrator: Ridgewood, NJ. Position requires admin,. exp,. and includes working w/customers, salespeople, vendors, funding sources and internal sources to document, fund, book and track leases. Email: twslevin@ffcsi.com ABOUT THE COMPANY: First Financial Corporate Services, Inc. is a four year old high growth technology leasing company. |
Economic Events This Week
Monday
February 2
Personal Income: December
Construction Spending: December
Tuesday
February 3
Wednesday
February 4
Factory Orders: December
Thursday
February 5
U.S. Productivity:4th Quarter
Sales of Leading Retailers: January
Weekly Jobless Claims
Friday
February 6
Unemployment: January
Consumer Borrowing: December [Headlines]
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Trebels Joins Group to Create New Agreement Form
"Count IFC Credit Corporation in as part of the group to help fund a standard proposal agreement between Lessor and a potential Lessee.
" I have attached our standard base document for your review as a potential starting point. It has been tweaked several times over the past 15 years to hopefully accommodate the different situations which may occur during the awarding of a transaction and its subsequent credit approval and funding."
Sincerely,
Gary Trebels, CLP
Vice-President
IFC Credit Corporation
Here are others that have joined the effort to date:
Ben Carlile
Allegiant Partners Incorporated
Warren Hawkins
Bank Partners
Paul Behechti
Bridge Capital Leasing
Theresa Kabot
Kabot Commercial Leasing
Gary Saulter
Chase Industries
The people who are donating $200 to this effort, also are presenting the documents their company uses today, and their experience. The form will be generic, and hopefully valid in most states. It certainly will spell out what is "earned" for working on an application.
If you have the faith that if the lease does not go through, you will return all the money, that is your choice.
If you want to be remunerated for your time and effort, we hope to make this form available "for free" to all readers, once we find six more who want to "donate" $200 to this effort.
While we do not want to give legal advice, particularly realizing that states differ and there are also licensing issue, we asked Ken Greene for some "generic" help.
He has agreed to perform this service, review the forms, and then devise a "generic one" to help brokers retain expenses, particularly if an application is not approved or terms and conditions change.
"I am glad to help if a pool of leasing companies would like to get together and hire me to put together a thorough form. It can still be simple, but it should be internally consistent and not appear to be punitive in nature."
Ken
Kenneth C. Greene
Law Offices of Kenneth C. Greene
980 Magnolia Avenue Suite 6C
Larkspur, CA 94939
Vox: 415 461 3777
Fax: 415 461 3733
E-Mail: keng@kengreenelaw.com
Website: www.kengreenelaw.com
For those who participate, Ken Greene is willing to do extra work for a minimal fee on the form for their specific needs. Each company will sign an agreement regarding this form to cover expenses incurred should a lease not go forward, plus give other clauses for specific terms and conditions to b
e covered in the proposal. Should we not obtain the $2,000 needed, all money will be returned. As per our policy, we also reserve the right to refuse a sponsorship.
[Headlines]
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"ELA Representatives Meet With Treasury Officials"
ELT E-News Daily
A team from The ELA met with Treasury officials on Wednesday, January 28, to discuss Bush Administration budget proposals regarding leasing to tax
exempt entities. "These proposals will constitute the first Bush tax increase," according to ELA President Michael Fleming. Treasury has been
positioning the administration to raise significant revenue from proposed changes under the cover of ending abuse or closing a "loophole". "$33.7
Billion is no loophole," according to Fleming.
The Treasury officials were led by Assistant Secretary for Tax Policy, Pam Olson. The 75 minute meeting was cordial but the general message from
Treasury was not good for the equipment leasing industry and its customers. Treasury intends to propose:
o In a transaction to a tax-exempt utilizing a lease followed by a service contract, the lease term and service contract term would be aggregated
together for the purpose of determining the allowable depreciation period. However, no changes will be proposed to current law for stand alone service
contracts.
o A passive loss activity proposal will be made but few details were provided. Secretary Olson did characterize it as "less broad" than
proposals in the Senate Finance Committee Bill ( S 1637). Olson indicated that they intended to apply the proposal to transactions in which the
lessee uses defeasance and defeasance like mechanisms.
Treasury officials expressed clear opposition to transactions in which there is a perception that the lessor has significantly reduced or eliminated its risk. ELA representatives described the most common forms of credit enhancement and stressed that there is real risk of default and loss in transactions, with or without defeasance. However, Treasury representatives stated that they believe that defeasance above the 20% level sould be reviewed and over 50% clearly would make the transaction subject to the passive loss rules. Olson indicated that they are applying the same anti-arbitrage principles used in approving tax exempt bonds.
Olson also indicated that the passive loss proposal would include leases to foreign taxable entities.
o Eliminating or limiting the QTE. Issues with the QTE relate to several matters. Secretary Olson continued the theme of opposition to anything that reduced lessor risk. While not being specific, she mentioned the use of residual value insurance as not being acceptable. She further suggested
that the QTE exception from Pickle Depreciation would be eliminated and / or the definition of qualified technological equipment would be narrowed.
Treasury's written proposals will be announced on Monday, February 2. Secretary Olson did reiterate that Treasury does consider certain current transactions as not conforming to the intent of current law. While identifying those areas in transactions to which they object such as Lease to Service Contract structures or use of defeasance, she stopped short of calling them illegal.
ELA representatives pressed the Treasury officials that the latter are actually calling for a change in policy, not closing a loophole. In this regard, ELA strongly objected to the retroactive effective date of January 1, 2004, for a change in policy that has not yet even been considered by Congress. ELA also reiterated its belief that to characterize as "abusive", transactions that have been done under 20 years of current law, is just poor government.
Treasury has consistently mis-characterized tax exempt leases in an attempt to portray them as abusive or tax shelters. It coined the term "SILO", they ignored the generation of taxable income in their descriptions of transactions and they have misstated the cash flows and level of benefits and obligations.
http://www.elaonline.com/Leasing4USA/
[Headlines]
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Association of Government Leasing and Finance Position on "SILO"
"The Association for Governmental Leasing and Finance respectfully submits the following statement in response as it relates to the AGL&F and the impact on its membership:
"While the current budget proposal, which purports to be designed to "stop abusive leasing transactions with tax-indifferent parties," certainly could have a significant adverse impact on operating leases between lessors and tax-exempt entities, the focus of the Association for Governmental Leasing and Finance is primarily related to traditional tax-exempt municipal and 501(c)(3) lease purchase transactions.
"In these transactions municipal entities, or 501(c)(3)
entities through municipal entities, enter into lease-purchase agreements with vendors or other financing sources in order to acquire or construct real or personal property for use by the municipal entity or 501(c)(3) entity. Typically these transactions are treated as "sales" rather than leases f
or federal income tax purposes. Accordingly, these traditional tax-exempt municipal and 501(c)(3) lease-purchase transactions would not appear to be affected by the current
budget proposal."
"FOR FURTHER INFORMATION, PLEASE CONTACT
GRAHAM HAUCK, EXECUTIVE DIRECTOR: 202.742.2453
1222 Twenty-Third Street, NW o Suite 200 o Washington, DC 20037-1174 o (202) 742-AGLF (2453) o FAX (202) 833-3636
EMAIL: info@aglf.org o INTERNET: www.aglf.org"
[Headlines]
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#### Press Release ################################################
Genesis Appoints Tom Kenaley Director of Sales
Irvine, Ca: Genesis Commercial Capital is pleased to announce the addition of Tom Kenaley as Director of Sales. Tom most recently worked at Balboa Capital Corporation as the Vice President of Sales and brings 9+ years of experience in all facets of sales, sales management, and marketing. After e
arning honors at Balboa Capital's top-producing account executive for two consecutive years, Tom led the Irvine sales office to annual sales growth of 30% from 2000 to 2003.
"Tom will play a strategic role in our launch of a major growth strategy during the first
half of 2004," commented Greg Rieke, President. " Additionally, Tom will contribute on an executive level to the Vision and Strategy of Genesis Commercial Capital, as well as bringing our sales organization a more refined focus."
About Genesis Capital:
Genesis Commercial Capital is a small ticket leasing company with corporate offices in Irvine, CA. Since inception, Genesis has experienced tremendous growth and profitability by focusing on the unique requirements of small business owners. Gong forward, the company intends to continue an aggressi
ve growth strategy by strategically investing in the development of high-caliber account executives. [Headlines]
### Press Release #########################################################
MB Financial, Inc. Reports Record Fourth Quarter and Annual Results for 2003
CHICAGO----MB Financial, Inc. (NASDAQ:MBFI) (the Company), the holding company for MB Financial Bank, N.A. and Union Bank, N.A., announced today fourth quarter and annual results for 2003. The Company had net income of $14.3 million for the fourth quarter of 2003 compared to $12.3 million for the
fourth quarter of 2002, an increase of 16.1%. Fully diluted earnings per share for the fourth quarter of 2003 increased 15.6% to $0.52 compared to $0.45 per share in the fourth quarter of 2002. The Company had net income of $53.4 million for the year ended December 31, 2003 compared to $46.4 milli
on for year ended December 31, 2002, an increase of 15.1%. Fully diluted earnings per share for 2003 increased 14.0% to $1.96 compared to $1.72 per share in 2002.
Mitchell Feiger, President and Chief Executive Officer of MBFI said, "We are very pleased with our operating results for 2003. The fourth quarter presented another strong period of earnings for our Company as the economy continues to show signs of strengthening."
In addition to the operating results noted above, the Company had the following significant items that occurred during the fourth quarter of 2003:
-- Return on average equity of 15.39% for the quarter, up from 14.45% in the fourth quarter of 2002.
-- Return on average assets of 1.33% for the quarter, up from 1.30% in the fourth quarter of 2002.
-- The Company split its common shares three-for-two by paying a 50% stock dividend on December 22, 2003. All common share and per common share data presented here has been adjusted to reflect such dividend.
See "Selected Financial Ratios" section below for additional statistical data regarding the Company's 2003 fourth quarter and year to date performance.
On January 12, 2004, the Company jointly announced with First SecurityFed Financial, Inc. (First SecurityFed), parent of First Security Federal Savings Bank, that we agreed to merge. The Company will be the surviving corporation in the transaction valued at $139.2 million, which will be paid th
rough a combination of MB Financial, Inc. common stock and cash. The transaction is expected to generate approximately $52.0 million of goodwill. First SecurityFed reported assets of $490.8 million as of September 30, 2003. Completion of the transaction is expected in the second quarter of 2004, p
ending First SecurityFed shareholder, regulatory and other necessary approvals.
RESULTS OF OPERATIONS
Fourth Quarter Results
Net income was $14.3 million for the fourth quarter of 2003 compared to $12.3 million for the fourth quarter of 2002. Net interest income, the largest component of net income, was $36.6 million for the three months ended December 31, 2003, an increase of $3.6 million, or 10.7% from $33.0 millio
n for the comparable period in 2002. Net interest income grew primarily due to a $440.0 million, or 12.8% increase in average interest earning assets, which offset a 3 basis point decline in the net interest margin, expressed on a fully tax equivalent basis, to 3.84% from 3.87% in the comparable 2
002 period. The increase in average interest earning assets was primarily due to the acquisition of South Holland Bancorp, Inc. (South Holland) in the first quarter of 2003 and continued growth of the Company's commercial lending business.
The provision for loan losses decreased $163 thousand to $2.5 million in the fourth quarter of 2003 from $2.7 million in the comparable 2002 period, primarily due to a decline in non-performing loans and net charge-offs. See "Asset Quality" section below for further analysis of the Company's al
lowance for loan losses.
Full press release at www.leasingnews.org
[Headlines]
##### Press Release ##################################################
Pacific Capital Bancorp Reports Fourth Quarter Earnings
SANTA BARBARA, Calif.----Pacific Capital Bancorp (Nasdaq:PCBC):
Highlights
-- New deposit products generate 5,000 new accounts, representing$50.8 million in the fourth quarter
-- Nonperforming loans decrease 30% in 2003
-- Full year 2004 earnings per share (excluding acquisition)expected to range between $2.39 and $2.51
-- Acquisition of Pacific Crest Capital, Inc. in March is expected to add $0.10 per share in 2004 (excludingmerger-related costs)
Pacific Capital Bancorp (Nasdaq:PCBC), a community bank holding company with $4.9 billion in assets, today announced financial results for the fourth quarter and the full year ended December 31, 2003.
Net income for the fourth quarter was $12.6 million, or $0.37 per diluted share, a decrease of 13.1% from $14.5 million, or $0.42 per diluted share, for the fourth quarter of 2002. In the fourth quarter of 2002, the Company had recognized a one-time tax benefit in the amount of approximately $9
72,000, or $0.03 per diluted share, related to certain overpayments of income tax from 1999 to 2002.
For the full year 2003, Pacific Capital Bancorp's net income was $75.7 million, or $2.19 per diluted share, an increase of 1.1% from $74.9 million, or $2.14 per diluted share, for the full year 2002.
Pacific Capital Bancorp's return on average equity (ROE) and return on average assets (ROA) for the fourth quarter of 2003 were 12.90% and 1.04%, respectively, compared to 15.39% and 1.38%, respectively, for the fourth quarter of 2002. For the full year 2003, ROE and ROA were 19.44% and 1.63%,
respectively, compared to 21.46% and 1.80%, respectively, for 2002.
"While the low interest rate environment continues to present significant challenges to near-term earnings growth, we are pleased with our efforts in the fourth quarter on a number of fronts that position us for significant growth in the future," said William S. Thomas, Jr., President and Chief
Executive Officer of Pacific Capital Bancorp. "Economic conditions are strengthening in our markets, and our efforts to capitalize on the growing number of quality lending opportunities resulted in solid growth in our residential real estate and commercial lending portfolios in the fourth quarter
. We also introduced a new no-fee checking account that is being well received, and generated more than 5,000 new account openings in the quarter, totaling $50.8 million. Additionally, our Trust Division had a very successful quarter in bringing in new accounts which helped contribute to an increa
se of 25.4% in total fees over the previous year. The combination of these efforts provides a solid foundation for future quarters."
Full Press Release at www.leasingnews.org
[Headlines]
### Press Release #########################################################
____________________________________________________________________
Streamlined Sales Tax Project Report
by Dennis Brown, Equipment Leasing Association
The Streamlined Sales Tax Project (SSTP) met in San Diego on Monday, January 12 and Tuesday, January 13. Discussions included an off line meeting to examine provisions of the Simplified Sales and Use Tax Act in Congress that would require tax collection by online and catalog retailers. This se
ssion subsequently became one of several contentious issues at the National Conference Of State Legislatures (NCSL) Task Force meeting in Denver on Friday, January 16. I'll report on that confrontational discussion in a separate update.
The SSTP session expected in March will probably be postponed to allow the public and private sector to accomplish separate objectives. SSTP will hold a number of work group discussions (on bundling, digital good, and other topics) between now and the next SSTP meeting which is expected to occur
in May.
The Council On State Taxation (COST) will convene a private sector meeting to review the level of compliance by states. The private sector meeting will be an opportunity for the private sector volunteers to meet as a group and to review the compliance checklists with the government representative
s who did the initial preparation. Drafts of the checklist are due March 1st and the meeting to review the checklists will take place sometime during the month of March. Chicago is the probable location of the meeting but plans are currently in the early stages.
This update covers:
Compliance
Exemption Certificate
Candy Definition
Amnesty Procedures
Digital Equivalent of Tangible Personal Property
DETPP Purpose Versus Perception
DETPP Burdens
Options For Attaining DETPP Purpose and Principle
Option 1 - Adopt General Definition of DETPP
Option 2 - General Definition with Subcategory Definitions
Option 3 - Adopt Only Specific Subcategory Definitions
Option 4 - Taxability Matrix
Option 5 - Taxability Matrix Combined with 1, 2 or 3
Model 3 Certified Automated Systems (CAS)
Full Report Available at www.leasingnews.org
[Headlines]
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Seeking Sales Representative preferably in Midwest area, will consider out of area. Minimum 3+ years vendor experience. No requirement for market type. Please contact Susan M. Adamatis, Vice President - 800/669-7527 ext 1255 or e-mail: susana@netlease.com About the company: www.netlease.com |
News Briefs---
Most mortgage rates edge higher, further rise seen
http://www.usatoday.com/_ads/interstitial/2004/01-aol/frame.htm?http://www.usatoday.com/money/
perfi/housing/2004-01-29-mortgage_x.htm
Investing in Bank Stock
http://www.washingtonpost.com/wp-dyn/articles/A312-2004Jan31.html
Asset-backeds -Wind down before Arizona conference
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/.htm
[Headlines]
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Sports Briefs---
Patriots Win Super Bowl
http://www.boston.com/sports/football/patriots/articles/2004/02/02/champs_again/
http://www.patriots.com/games/gamesdetails.sps?matchreportid=27934&matchid=27682 http://www.charlotte.com/mld/charlotte/sports/football/nfl/carolina_panthers/7852581.htm?ERIGHTS=-4684345737986884461charlotte::kitmenkin@leasingnews.org&KRD_RM=3plmkjqpmqqqmsjjjjjjjjjoom|Kit|N
http://www.carolinapanthers.com/gameday/
http://www.washingtonpost.com/wp-dyn/articles/A3540-2004Feb1.html?nav=hptop_tb
http://www.nytimes.com/pages/sports/football/index.html http://www.stltoday.com/stltoday/sports/stories.nsf/Sports/Rams/DD6420070E40603886256E2E0
01D4281?OpenDocument&Headline=Play+it+again,+Patriots
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/02/02/IRA.TMP
http://www.usatoday.com/sports/football/super/2004-02-01-game-story_x.htm
Owens hopes Falcons bid to sign him
http://www.ajc.com/sunday/content/epaper/editions/sunday/sports_04c14a47a214528e00cc.html
[Headlines]
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"Gimme That Wine"
Wine, Carbohydrates and the Atkins Diet
http://wine.about.com/library/weekly/aa061603.htm
Wine Sales May Spur Growth at Chains
http://www.boston.com/business/articles/2004/01/31/wine_sales_may_spur_growth_at_chains/
Taking the Barge Through Burgundy, France
http://www.nytimes.com/2004/02/01/travel/01barge.html
[Headlines]
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About the Company: Alliance Funding Group, Inc. 2099 S. State college Blvd., Suite 100 Anaheim, CA. 92806 |
This Day in American Leasing
1848-Treaty of Guadalupe Hildalgo: The war between Mexico and the US formally ended with the signing of the Treaty of Guadalupe Hidalgo, signed in the village for which it was named. The treaty provided for Mexico's cession to the US of the territory that became the states of California, Nevada, U
tah, most of Arizona, and parts of New Mexico, Colorado and Wyoming, in exchange for $15 million from the US. In addition, Mexico relinquished all rights to Texas, north of the Rio Grande. The Senate ratified the treaty Mar 10, 1848.
http://memory.loc.gov/ammem/today/feb02.html
1876-William Hulbert founded the National League of Professional Baseball Clubs at a meeting in Chicago Original franchisees were granted to Boston, Chicago, Cincinnati, Hartford, Louisville, New York, Philadelphia and St. Louis.
1886-William R. Benet birthday, American poet and critic. Born at Fort Hamilton, NY; died at New York, NY, May 4, 1950.
http://www.encyclopedia.com/html/B/Benet-S1t.asp
1870-The first Justice of a state supreme court who was African-American was Jonathan Jasper Wright of Beaufort, South Carolina, who served as one of the three members of the court from February 2 to December 1, 1877. He resigned due to a move to oust him by white society. After leaving the C
ourt, Wright moved to Charleston and set up a law practice. He established Claflin College's law department and conducted classes at his office in Charleston. He served a number of years as a Claflin College trustee and was active in the Republican Party. Jonathan Jasper Wright died on February 19
, 1885 of tuberculosis.
http://www.aaregistry.com/african_american_history/691/Jonathan_Wright_lawyer_and_politician
http://www.law.sc.edu/memory/wright.htm
1880-The first electric streetlight was installed in Wabash, Indiana. This day the city appropriated $100 to the Brush Electric Light Company of Cleveland, OH, to install a light on the dome of the courthouse. On March 31, four lights, each over 4,000 candlepower, were placed on a staff above
the courthouse, and on April 8, a further payment of $1,800 was authorized.
1892-The first bottle cap with a cork drown was invented in 1892 by William Painter, founder of the Crown Cork and Seal Company, Baltimore, MD, who obtained a patent for the product on this day. It was a simple bit of tin with a corrugated rim or skirt into which was inserted a disc of natura
l or composition cork. It changed the bottle industry and the popularity of soda drinks. http://www.makk.fi/crowns/williampainter.asp
1888-Guitarist Louis Keppard birthday, New Orleans, LA.
1893-The first "close-up" recorded on film, known as "The Sneeze." One day after Thomas Edison's "Black Maria" studio was completed at West Orange, NJ, a studio cameraman took the first "close-up" in film history. The Record of a Sneeze, starring Edison's assistant Fred P. Ott, was also the fir
st motion picture to receive a copyright (1894).
http://www.americaslibrary.gov/aa/edison/aa_edison_movies_2_e.html
1907-W.H.Auden birthday, Pulitzer Prize-winning Anglo-American poet was born at York, England. "Some books," he wrote in The Dyer's Hand (1962), "are undeservedly forgotten; none are undeservedly remembered." Died at Vienna, Austria, Sept 28, 1973.
http://www.poets.org/poets/poets.cfm?prmID=121
1895-George ("Papa Bear") Halas, Pro Football Hall of Fame coach and owner, born at Chicago, IL. After playing football at the University of Illinois and baseball with the New York Yankees, Halas helped to found the National Football League and the Chicago Bears in 1920. As coach of the Bears
for 40 years, he compiled a record of 324 wins, 151 losses and 31 ties. Charter member of the Hall of Fame, 1963. Died at Chicago, IL, Oct 31, 1983.
http://www.manlyweb.com/realmen/GeorgeHalas.html
http://www.beninati.com/pages/Halas-Ditka-tribute.htm
1905-Birthday of Ayn Rand, (Alice Rosenbaum), Russian-born U.S. novelist and screenwriter whose novels on rugged individualism developed a huge cult following. Her first major novel, The Fountainhead (1943) became a movie but it was her second, Atlas Shrugged (1957) that spurred the "object
ivism" movement as was summarized as "I swear - by my life and my love of it - that I will never live for the sake of another man, nor ask another man to live for mine." She advocated that rational self-interest should be the basic interest of a person and self-fulfillment the person' moral respon
sibility. She saw altruism as a political and personal weakness. Her philosophy of objectivism, essentially reversing the traditional Judeo- Christian ethic.
http://www.ayn-rand.com/ayn-rand-bio.asp
http://www.aynrand.org/
1914-African-American Ernest E Just, biologist, receives the Spingarn Medal for pioneering research on fertilization and cell division.
http://www2.sjsu.edu/depts/Museum/ernest.html
http://www.princeton.edu/~mcbrown/display/just.html
A postage stamp in his honor was issued February 1,1966
1922 - Film director William Desmond Taylor was found in his Hollywood, California, bungalow, shot through the heart. His murder involved the most prominent female stars in Hollywood: Mary Pickford, Mabel Normand, and Mary Miles Minter. When detectives investigated Taylor's home, they found ma
ny keepsakes, including a photograph of Pickford, a collection of women's underwear with initials and the date of conquest, and perfumed love letters from Minter. While Pickford knew nothing of the killing, her name was linked to the case for months. Normand was the last person to report seeing Ta
ylor alive. The beautiful comedic star told police she dropped by to see Taylor that evening and stayed for two hours, discussing movies and books. It was suspected that she went for more than conversation. Although she was later exonerated, her character was tarnished by the press. Normand never
again rose to the stardom she once had, and her latest film, Susanna, was pulled from circulation by Mack Sennett after "Good Housekeeping" magazine pronounced Normand too "adulterated" for the screen. Minter's career, too, was ruined. The young actress had loved Taylor deeply. During his funeral,
Minter rushed hysterically to Taylor's open coffin and kissed his corpse. The media had a vindictive heyday with Minter's affair with the director. Taylor's killer was never found.
http://www.crimelibrary.com/notorious_murders/classics/william_taylor/1.html?sect=26
1924-Alto/Tenor sax player Edward "Sonny" Stitt born Boston, Mass. Died July 22, 1982 in Washington, D.C.
http://www.52ndstreet.com/justjazz/stitt_mosaic.html
http://www.thejazzfiles.com/JazzStitt.htm
http://www.jazzvisionsphotos.com/contact/stitt.htm
1925-Sled Dogs Save Nome. When a diphtheria outbreak was diagnosed in Nome, Alaska ( Popular 1,500) on January 21, the nearest large amount of antitoxin serum was in Anchorage. bitter winter temperatures made air delivery impossible, so a heroic dog sled relay was set up, 300,000 unites of se
rum were delivered by train to Nenana, Alaska, and on January 27-in temperatures of 40-50 degrees below zero-20 mushers drove scores of dogs on a 674-mile journey to Nome in 127 hours. Togo was the lead dog for the first 350 miles, and Balto was the lead dog on the final 53miles. The frozen seru
m arrived at 5:30am and once thawed and administered, there were no more diphtheria deaths. Balto became a national hero, and a statue was erected in his honor in New York City's Central Park.
http://www.pbs.org/wnet/nature/sleddogs/balto.html
http://www.heritagepreservation.org/PROGRAMS/SOS/4KIDS/arthist/balto.htm
1927-Great jazz Tenor Saxophone player, one of the "Four Brothers," Stan Getz birthday, born at Philadelphia, PA. He was one of the first to introduce the cool-jazz style, no vibrato, which became a major movement in the 1950s, and the bossa nova (new wave) style of the 1960s. Getz received 1
1 Grammy Awards, and was the first jazz musician to win the Grammy Award for Record of the Year (1965) for "The Girl from Ipanema." Died at Malibu, CA, June 6, 1991.
http://www.duke.edu/~lmw4/
http://www.pbs.org/jazz/biography/artist_id_getz_stan.htm
http://www.allaboutjazz.com/php/article.php?id=181
1926-Birthday of great R&B,Jazz tenor saxophone player Red Prysock, Greensboro,NC. I have one of his first vinyl albums, 1956, Mercury "Rock and Roll," with a picture of an attractive lady dancing. In those days. Black musicians never had their picture on the album for sale to Caucasians. I
t is a classic example and a fantastic album.
http://home.earthlink.net/~jaymar41/rprysock.html
http://www.theiceberg.com/artist.html?artist_id=27579
(super collection of the R&B tenor saxophone players of this
era, as your remember there was no "big band" music in the early
1950's and groups like Johnny Otis and Big Jay McNeely, along
with Red Prysock were "it." The R&B jazz organ also came
into being during this time, and Count Basie had a small
group featuring his organ playing (made several records.)
1935-The lie detector was first used as evidence in a court of law for consideration by a jury was the Keeler Polygraph, invented by Leonarde Keeler of the Scientific Crime Detection Laboratory, Northwestern University School of Law, Chicago, Il. Keeler conducted a test this day in Portage,
WI, and produced graphs of the test in the case of Wisconsin State v. Cecil Loniello and Tony Grignano that was being heard in the Circuit Court of Columbia County, WI. Both defendants were found guilty of assault. Test of a similar nature had been used in minor civil and criminal cases as early
as 1924, when blood pressure readings were made with a Tycos sphygmomanometer.
1936-Baseball Hall of Fame. The five charter members of the brand-new Baseball Hall of Fame at Cooperstown, NY, were announced. Of 226 ballots cast, Ty Cobb was named on 222, Babe Ruth on 215, Honus Wagner on 215, Christy Mathewson
on 205 and Walter Johnson on 189. A total of 170 votes were necessary to be elected to the Hall of Fame.
1937-Birthday of wine maker, and also well-known comedian and folk singer,
"Mother liked him best," Tom Smothers, (brother of Dick Smothers, "The Smothers Brothers Comedy Hour"), born New York, NY. Best known for his plaintive, "Mom always liked you best!" and as the slightly slow-witted (on-stage that is), comical half of the Smothers Brothers, Tom Smothers also has ha
d a sporadic solo career as an actor and performer of children's music. He made his feature film debut sans brother Dick Smothers in Get to Know Your Rabbit (1972). A master at Yo-Yo tricks, Smothers made an instructional video, The Yo-Yo Man, in 1988.
http://www.smothersbrothers.com/
1937 - Guy Lombardo and his orchestra recorded "Boo Hoo" on Victor Records. It became one of the group's all-time hits.
1942-guitarist James "Blood" Ulmer born St Matthews SC
http://www.courageartists.com/jamesblood.htm
http://www.furious.com/perfect/bloodulmer.html
http://www.hyenarecords.com/james_ulmer_2.htm
http://www.amazon.com/exec/obidos/ASIN/B00005NNOK/inktomi-musicasin-20/ref%3Dnosim/102-3404776-8123369
1947-Dream girl Farrah Fawcett birthday, actress, model ("Charlie's Angels," The Burning Bed), born Corpus Christi, TX.
http://www.eonline.com/Facts/People/Bio/0,128,5219,00.html
http://www.charliesangels.com/farrah.html
http://www.spacesurfer.com/wceleb/list/Farrah_Fawcett_0.html
1949-Golfer Ben Hogan was involved in a near-fatal automobile accident when the car he was driving was hit head-on by a bus. Despite serious injuries, Hogan recovered to win the 1950 US Open, beating Lloyd Mangrum and George Fazlo in a playoff.
1951 -- -35ºF (-37ºC), Greenburg, Indiana (state record until 1994)
1953---Top Hits
Why Don't You Believe Me - Joni James
Don't Let the Stars Get in Your Eyes - Perry Como
Keep It a Secret - Jo Stafford
I'll Never Get Out of This World Alive - Hank Williams
1953-Birthday of "River of Dream's" girl Christie Brinkley, born Malibu,
California. American supermodel whose 20-year contract with Cover Girl (1976-96) was the longest-running contract in the modeling industry. Her image has graced the covers of dozens of magazines, including three Sports Illustrated swimsuit issues. Brinkley's nine-year marriage (1985-94) to sing
er Billy Joel was highly publicized and they produced a daughter. Her hobby was taking photographs of celebrities, including her husband many singing tours, particularly the visit to the USSR. She appeared in Joel's music videos and in the John Hughes's comedies, National Lampoon's Vacation (1983)
and Vegas Vacation (1997) with Chevy Chase . She has two children and in 1996, she married husband number four, architect Peter Cook.
http://www.famousbabes.com/christie/cbpics1.htm
http://www.spacesurfer.com/wceleb/list/Christie_Brinkley_0.html
1950-"What's My Line" premieres on TV. This popular game show premiered on CBS and ran for 17 years in prime time. A panel of four celebrities figured out the professions of the contestants and the identities of the mystery guests by asking yes-or-no questions. The first panel consisted of poe
t Louis Untermeyer, columnist Dorothy Kilgallen, New Jersey Governor Harold Hoffman and psychiatrist Dr. Richard Hoffman. Yankee Phil Rizzuto was the first mystery guest. John Daly hosted.
http://www.geocities.com/TelevisionCity/4439/whatsmyline.html
http://www.geocities.com/mcarroyo86/
1955- Petula Clark's first major hit "Majorca," debuts on the U.K. chart. Although the single is the first of a string of Top Twenty hits in the U.K. and Europe, it will be ten years before Clark gets a hit in the U.S.
http://www.petulaclark.net/
1956- Autherine Lucy becomes the first black student admitted to the University of Alabama after Governor George Wallace who blocked the University's doorway is removed by U.S. marshals.
http://ww2.rochester.k12.mn.us/john-marshall/teacherpages/dastutz/civrigthsper1-2002/chanellet.htm
http://www.cptr.ua.edu/alex/studyguides/patton.htm
http://www.datelinealabama.com/article/2002/11/21/3352_news_art.php3
1956- Atlantic Records signs the Coasters, and rushes to release their first record, "Down in Mexico," written by new Atlantic writers Leiber and Stoller.
http://www.angelfire.com/mn/coasters/atlant.html
http://www.johnnyspencer.info/images06/downinmexicoC.jpg
http://www.onlinetalent.com/Coasters_songlist.html
http://www.delafont.com/music_acts/coasters.htm
http://www.angelfire.com/mn/coasters/hits.html
1957-Fats Domino sings "Blueberry Hill" and "Blue Monday" on Perry Como's television show.
1959- Buddy Holly, Ritchie Valens and the Big Bopper make their last onstage appearances during the GAC Winter Show tour, at the Surf Ballroom in Clear Lake, Iowa.
1959-Frankie Avalon's "Venus" is released on Chancellor Records. It will become the teen idol's greatest hit.
http://www.history-of-rock.com/frankie_avalon.htm
1960-Roland Americo "Buddy" Blancalana, former baseball player, born Larkspur, California.
1961---Top Hits
Will You Love Me Tomorrow - The Shirelles
Calcutta - Lawrence Welk
Shop Around - The Miracles
North to Alaska - Johnny Horton
1962-Uelses vaults 16 feet. At the Milrose Games in Madison Square Garden, Marine Corps corporal John Uelses became the first man to pole vault higher than 16 feet, indoors or outdoors. Using a fiberglass pole, Uelses cleared 16 feet, ¼ inches. http://www.lasalle.edu/alumni/hoa/uelses.htm
http://users.commkey.net/fussichen/otdtrac.htm
1967-Hockey player Arthur Irbe born Riga, Lativa, USSR Played for San Jose Sharks ( have a Shark's jersey with his autograph on our office hallway wall.)
tp://www.geocities.com/ingus_2000/irbe.html
1969---Top Hits
Crimson and Clover - Tommy James & The Shondells
Everyday People - Sly & The Family Stone
Worst that Could Happen - Brooklyn Bridge
Daddy Sang Bass - Johnny Cash
1977-- Radio Shack officially begins creating the TRS-80 computer
http://www.old-computers.com/museum/computer.asp?st=1&c=409
See his jersey at: http://www.earthforums.com/shopping/jerseys-sj-sharks.shtml
1977---Top Hits
Car Wash - Rose Royce
Dazz - Brick
Hot Line - The Sylvers
Let My Love Be Your Pillow - Ronnie Milsap
1981-REO Speedwagon, the journeyman band that almost found itself out of deal by the mid-70's, have the biggest album of the year with "Hi-Infidelity," as it goes platinum on this date. It reaches Number One and is there for a total of 14 weeks.
http://www.speedwagon.com/
1985---Top Hits
I Want to Know What Love Is - Foreigner
Easy Lover - Philip Bailey with Phil Collins
Careless Whisper - Wham! featuring George Michael
A Place to Fall Apart - Merle Haggard with Janie Fricke
1989 --- 0ºF (-18ºC) or below in 15 US states.
1987 - In a "People" magazine poll, readers chose Katharine Hepburn and Cary Grant as their favorite, all-time actors.
1989---Top Hits
Straight Up- Paula Abdul
When I m With You,-Sheriff
Wild Thing- Tone-Loc
Born To Be My Baby- Bon Jovi
1992-- IRS and Willie Nelson settle on $9 million tax claim of $16.7 million.
http://www.taxfables.com/Columns/Collections/Willie_Nelson.html
http://www.pricegrabber.com/search_fullinfomu.php/music_id=129083/music2=1/ut=43a1166e76d27a36
1994---Top Hits
All For Love- Bryan Adams/Rod Stewart/Sting
Hero- Mariah Carey
The Power Of Love- Celine Dion
Breathe Again- Toni Braxton
1997-Student bowls 900 series: Jeremy Sonnefeld, 20, from Sioux Falls, SD, bowled a 900 series, three consecutive perfect games, in a touranment in Omaha, NE. Sonnefeld, a sophomore at the University of Nebraska majoring in business, had the series sanctioned by the American Bowling Congress
two days later. Two other bowlers had bowled three consecutive perfect games, but neither met the exacting standards required to qualify as a 900 series. In December 1993 Tony Ockerman bowled his games over two sets of competition. In April 1996 Norm Duke bowled his games in the middle of an eight
-game block.
http://www.sunvalleylanes.com/900.htm
1999---Top Hits
..Baby One More Time- Britney Spears
Angel Of Mine- Monica
Have you Ever?- Brandy
Nobody s Supposed To Be Here- Deborah Cox
2003---Top Hits
All I Have- Jennifer Lopez Featuring LL Cool J
Bump, Bump, Bump- B2K & P. Diddy
Beautiful- Christina Aguilera
I'm With You- Avril Lavigne
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