Fin Pac Now Accepting Leases in Canada

Financial Pacific Leasing has entered the Canadian marketplace, now accepting applications for leases in the following Canadian provinces:

Ontario
British Columbia
Alberta
Manitoba
Saskatchewan
Nova Scotia
New Brunswick
Newfoundland and Labrador
Prince Edward Island

“Applications originated by our U.S. sources for equipment to be delivered to Canada, and vice versa, also qualify, “said Terry Jennings, CLP, Senior Vice President.

Terey Jennings, CLP
Senior Vice-President, Business Development
Financial Pacific Leasing
Federal Way, Washington

“We are very excited to develop new relationships with third-party originators in Canada and introduce them to the FinPac product.” commented Terey Jennings, SVP. “FinPac will bring to Canada all the capabilities and benefits that its well respected brand has stood for in the U.S. for the past 37 years.

He added, “The FinPac value proposition will be the same in Canada – a wide credit window (“A” – “C”), a true “Application Only” product, risk based pricing spectrum, very quick turnaround times in credit and funding, and 25 years of trust and experience in the third-party originated channel.

Terey Jennings, CLP
tjennings@finpac.com
888.239.8338

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Classified Ads---Asset Management/Collections

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

San Francisco, CA
Ten years experience setting residuals, negotiating leases and remarketing equipment across a broad spectrum of large ticket asset types including marine, intermodal, mining, energy, manufacturing.
geoffwalshe@yahoo.com

Port St Lucie, FL
20+ yrs exp. commercial collection/late stage specialist. 
Prefer to work from home based office or transfer to Sarasota areamichaelgalan@comcast.net | Resume

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

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

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Law Firm Stings Banks and Leasing Companies

It appears the majority of over 300 attorney partners have left the international law firm of Dewey & LeBoeuf, 1301 Avenue of the Americas, New York, New York, once one of the largest law firms in the United States, leading the firm into a Chapter 11 Bankruptcy. Following the filing of the firms Chapter 11 Bankruptcy, 550 former employees filed a separate suit for not receiving 60 days advance written notice of their termination. These are employees in many states.

What makes this a story for Leasing News is the number of leasing companies, including Fidelity National Capital, who provided technology financing, and banks who were using the firm, including Bank Equipment Finance and SunTrust are owed a combined $46.8 million in the Dewey & LeBoeuf bankruptcy case. The largest may be JP Morgan Chase and a group of secured lenders owed $76.5 million, not counting JP Morgan Chase as a collateral agent to note holders, which may be $150 million. And this is just the start, as the court list shows 150 creditors to date.

According to bankruptcy records, among the top twenty unsecured crediors: $80 million pension benefit guaranty corp., $3.7 million real estate, $2.3 Thompson Reuters, Bank of America $2 million, perhaps over $90 million.

Judge Martin Glenn will hold a hearing to be held on 6/13/2012 at 01:30 PM at Courtroom 501, Southern District of New York (Manhattan).

Why this is not a Chapter 7, which in reality it really is, seems to be due to a group of attorneys, who will be using existing assets (primarily judgments the firm has won) to hire lawyers, financial advisers, accountants, and staff to conduct investigations, verify assets and liabilities, as well as collect the money owed the firm from the judgments (some under appeal, more may be appealed, and to say this is a mess, is an understatement.)

BK Filing
http://leasingnews.org/PDF/Dewey&LeBeuf.pdf

List of Creditors
(Dollar amounts not filed at this date)
http://leasingnews.org/PDF/Dewey&LeBeaulistofcreditors.pdf

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

Career Crossroad— "Should I bring resume to the Interview?"

Question: I am going on a few interviews and emailed my resume to HR, do I have to bring one?

Answer: Yes, you should bring enough copies of your resume to hand deliver to each individual that you are interviewing with - EVEN if you already emailed each individual (including the HR Representative).

Make sure your resume is the SAME as the one you emailed.

NOTE: Prior to any email submittals your resume should be professionally done and /or reviewed and you must make sure ALL pertinent / relevant / updated information has been incorporated.

Presentation of your resume is also important:

-Use Eggshell Linen Paper
-Keep your resume 1-3 pages long (2 is perfect, no more than 3)
-Have a Cover for your Resume (plastic cover or nice folder); not an envelope
-I like to have Candidates supply a “presentation” package to each interviewer: e.g. reference letters, a cover letter, samples of your work, etc…

For more information and/or tips, contact us!

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
emily@riirecruit.com
Twitter: @RIIInfo
Invite me to Connect on LinkedIn & Follow RII on LinkedIn

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

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Classified Ads---Testimonials

Northeast

""I want to thank you for listing our Business Risk employment position in Leasing News. Through our various postings, we received resumes from over 50 very qualified candidates

""I am very happy to report that the position has been filled..."

Laurie Bakke, President
Western Equipment Finance

Southern California

"We are definitely satisfied customers after placing our employment ad in Kit's Leasing News. Although the person we hired hadn't seen the ad, a friend of hers in the leasing industry saw the ad and told her that Dakota was hiring...

(The position was filled and time was left on the ad, so it was changed to a marketing person, which they also were successful in finding. editor.)

"It turned out we not only filled our open position, but were able to find an experienced leasing veteran who just wanted a location change. It worked out well for everyone!"

Mae G. Philpott
Sales & Marketing Director
Dakota Financial, LLC

Southern California

"The ad worked great. We hired a Documentation Coordinator that has been out of the industry for almost 3 years as a friend of hers saw our ad on Leasing News. She is now in her 2nd full week. 

Andrew Nere, President
Innovative Lease Services, Inc. ®

“The ad worked great again and I am happy to announce we filled the position (and then some) with a fantastic new hire Tamara McCourt. Would you please take the posting out of rotation for us?

“Tamara’s response was a direct result of our Leasing News post. She is a great talent and a great cultural fit for us as well.”

Andrew Nere, CEO
Innovative Lease Services, Inc.®

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Leasing 102
by Mr. Terry Winders, CLP

“Rate Chart”s

Many vendors need rate charts to reference when a customer is looking at leasing the equipment that they sell. Rate charts are easy to prepare if you have a financial calculator like a 12C or a 17B.

First select Advanced or Arrears before starting your calculations. Let’s start with Advanced. First, place the number of months that you want to start with in (n) (say 36 months) and then place your yield requirement into (i) interest rate, (say 10%) and then place $100 as the Present Value (PV) (remember it is cash out so it must be in the negative) $ 100 acts as 100% and what you are looking for is the percentage each payment will be of the total cost. Then place “0” in the FV (Future Value) because these calculators have memory even though they were turned off and you do not want a value in the FV that would give you a false factor. We will discuss residuals later.

When you are finished with the entries and request the payment by pushing the (pmt) button it should say 3.20%; however you need to present it as a percentage that can be correctly applied to the equipment cost to determine the payment. So it should be presented as .0320, so when applied to $100 the math will present it as $3.20.

Next, all you have to do is change the number of months to get a new factor by placing 37 in the (n) and pushing (pmt) for an answer of 3.13 or .0313 factor and 38 months for 3.06 or .0306 factor. If you continue to 60 months then you will have rate factors for a 10% return on any month from 36 to 60.

Some times the risk varies on different credits so you may need to create rate charts with different yields. However, this type of rate chart is only for $1 outs because no residual was assumed. Some lessors use this type of rate chart with a fair market purchase option but do not assume any residual.

To make a rate chart where you are assuming a residual all you have to do is place the percentage the residual is of the equipment cost in the FV button. Using the numbers above a 36 month term at 10% yield if you place 13 into the FV the result would be 2.89 for a factor of .0289.

Please remember that the residual is not to be confused with the purchase option. If you are trying to retain the true lease nature of the transaction, the purchase option should be at least 20% higher than the residual.

Occasionally you can create rate charts for many other scenarios using the same calculators like a prepaid purchase option rate chart where if the lessee gave you a 10% prepaid purchase option you would use 90 instead of 100 in the present value. Therefore using the numbers above the pmt would be 2.88 for a factor of .0288 which is lower than the .0320 above but when the payment is applied to the full purchase price it is reflected as a rate of 2.5% instead of 10%.

Rate charts are very effective tools when used properly and specifically made for the equipment in question or the credit risk incurred. I like giving a rate chart from 36 to 63 months so if the vendor asks the customer how much their budget calls for in payments, they can then divide the cost by the payment to determine the percentage the payment would be of the total cost. They can then go down the payment chart to the number of months that is the closest to that percentage. When you give the customer what they need as a payment, they are more likely to lease. Who cares what the number of months are required as long as it is inside the 63 month maximum.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

(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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What Oracle Loss Means to Android and Other Users
By Sean Michael Kerner, InternetNews.com

The modern world of software development relies on APIs in order to interact. APIs are the glue that hold and integrate things together and are as essential as oxygen and water.

In its battle against Google over Android, Oracle tried to copyright Java APIs. If Oracle had won, software development as we know it would have been changed for the worst. If Oracle had won, the modern Internet as we know it could not exist in the same form it does today. If Oracle had won, everyone but Oracle (and big $$) would have lost.

Oracle did not win.

Judge Alsup delivered a decision yesterday that will echo through the ages about copyright and development processes. In his judgment he wrote:

"Contrary to Oracle, copyright law does not confer ownership over any and all ways to implement a function or specification, no matter how creative the copyrighted implementation or specification may be. The Act confers ownership only over the specific way in which the author wrote out his version. Others are free to write their own implementation to accomplish the identical function, for, importantly, ideas, concepts and functions cannot be monopolized by copyright."

No doubt the decision will be challenges in the weeks and years to come, but for now it will stand. Software development will continue as it has for the past decade, leveraging APIs to openly integrate software and connect people and technology.
 

Top Stories May 30--June 1

Here are the top ten sorties opened by readers:

(1) Bulletin Board Complaint Liberty Capital, LLC, Aliso Viejo, California
http://leasingnews.org/archives/May2012/5_30.htm#complaint_liberty

(2) FinPac expands its "App Only” Program to $75k
http://leasingnews.org/archives/Jun2012/6_01.htm#finpac

(3) My Visit to Facebook, Menlo Park, California By Christopher Menkin
http://leasingnews.org/archives/May2012/5_30.htm#facebook

(4) Costco to Compete with Community Banks
http://www.cutimes.com/2012/05/29/lending-competition-new-rivals-woo-small-businesse?ref=hp

(5) Steven Tyler’s $1.1 million, 1,244 HP convertible
http://autos.yahoo.com/news/steven-tyler%E2%80%99s--1-1-million--1-244-hp-convertible.html

(6) Google Visits De Lage Landen Financial Services
http://leasingnews.org/archives/May2012/5_30.htm#google

(7) Career Crossroad —“Copier Salesman wants to get into leasing”
http://leasingnews.org/archives/May2012/5_30.htm#crossroad

(8) New Hires---Promotions
http://leasingnews.org/archives/Jun2012/6_01.htm#hires

(9) Accounting Update--Two Proposals Dropped by Shawn Halladay, The Alta Group
http://leasingnews.org/archives/Jun2012/6_01.htm#accounting

(10) Woman Wins $31 Million from Citigroup
http://www.bloomberg.com/news/2012-05-31/woman-who-couldn-t-be-intimidated-by-citigroup-wins-31-million.html

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

Restaurants to Add 450,000 Summer Jobs,
According to National Restaurant Association Projections

“Restaurant industry employment growth will outpace overall employment growth for the 13th year in a row this year, illustrating the key role restaurants play in the nation’s economy,” said Hudson Riehle, senior vice president of the research and knowledge group for the Association. “The boost of this year’s 450,000 summer jobs will propel total eating and drinking place employment to its highest on record. Overall, America’s nearly one million restaurants employ nearly 10 percent of the nation’s overall workforce.”

America's restaurants are the nation’s second largest private sector employer with nearly 13 million employees, a number projected to grow by 1.4 million positions in the next decade.

The states projected to add the most eating and drinking place jobs during the 2012 summer season are New York (43,800), California (32,900), Massachusetts (28,800), Texas (24,600), New Jersey (22,900), Michigan (20,100), Ohio (19,900) and Illinois (19,400).

The states projected to register the largest proportional employment increase during the 2012 summer season are Maine (31.7 percent increase), Alaska (23.8 percent increase) and Delaware (20.0 percent increase).

Eating and drinking places added 444,100 jobs during the 2011 summer season, 427,100 jobs during the 2010 summer season, and 391,300 jobs during the 2009 summer season. The restaurant industry is usually the nation’s second-largest creator of summer jobs, behind the construction industry.

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

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

LeMay-America's Car Museum Opens in Tacoma, Washington

The grand opening this weekend of the LeMay-America's Car Museum in Tacoma, Washington drew thousands to the 165,000 square-foot automotive museum, the largest in North America. ACM, dedicated to celebrating America’s love affair with the automobile, features the cars of Harold E. LeMay, whose car collection, at its peak, numbered more than 3,000 vehicles and led to the creation of the new museum in Tacoma, Wash.

Opening festivities included remarks by museum President and CEO David Madeira and Nancy LeMay, widow of Harold, plus fireworks, an outdoor car show and a free concert by six-time Grammy Award winners Asleep at the Wheel.

ACM, home to 350-plus cars, is open 10 a.m. – 5 p.m. seven days a week through Labor Day. Their web site is at: http://www.lemaymuseum.org.

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

Cockapoo Mix
Tacoma, Washington Adopt-a-Dog

Sprocket

ID#: 3520653
Breed: Cockapoo/Cockapoo Mix
Sex: Male
Color: White - With Tan, Yellow Or Fawn
Age: One year
Size: Small 25 lbs (11 kg) or less

"I am already neutered, housetrained, up to date with shots, good with kids, good with dogs, and good with cats."

Sprocket's Story..

"Sprocket is a year old Cockapoo type dog who is very swet and fun. He will need a family who can give him a little time to warm up and get used to them. He is ok with kids but prefer no kids under 5. Sprocket does have some challenges that an adopter would be willing to work with. Shortly after Sprocket arrived we discovered he had some sort of chronic pain issue. It was hard to nail down where it was coming from so we did x rays on his jaw and neck. One vet diagnosed him to have a problem with his jaw and we treated with antiinflammatories. Almost as soon as the prescription ran up the problem was back so we sought a second opinion. Second vet had a couple of suggestions and we treated him with a round of steroids which gave him considerable relief. For a time. Shortly though the pains came back. As a last ditch effort to find him relief we took him to a human chiropractor. He gave him an exam and found a spot in his neck needing adjustment. And amazingly,,the adjustment has been the best fix yet. We are unsure exactly what the problem is but the neck adjustments DO give him relief for a month or more at a time. ANd then Sprocket is able to be a normal young pup. Sprocket is a loyal and sweet natured boy. He adores his foster family. He is ok with cats but does occasionally give chase now that he feels well. He is good with other dogs. He is a loving and faithful human companion. His adoption fee is $150."

Please contact Violet (drawsdogs@gmail.com) for more information about this pet.

All dogs are spayed/neutered prior to adoption. They are also microchipped, fully vaccinated and treated for parasites.

Rescue Group: DRAW Dog Rescue Around Washington
Pet ID #: 3520653
Phone: Please email this shelter!
(They don't list their phone number here)
E-mail: drawsdogs@gmail.com
Let 'em know you saw "Sprocket" on Adopt-a-Pet.com!
Website: http://drawrescue.webs.com/
Address: drawsdogs@gmail.com
Tacoma, WA 98418

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

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

Gary DiLillo, President 440.871.0555 or gary@avptc.com Comprehensive personal property tax outsourcing services. Click here to see what our clients say about us.

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Classified ads—Back Office

Leasing Industry Outsourcing
(Providing Services and Products)

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

http://leasingnews.org/Ads/Completed/APTC_1110B.html

News Briefs----

Company.com Joins Lease Portals-Aggregate Funding Sources
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/06/02/prweb9565264.DTL

Global economic struggles put pressure on political leaders
http://www.washingtonpost.com/business/economy/global-economic-struggles-put-pressure-on-political-leaders/2012/06/03/gJQAVx6ACV_story.html

May's Top Selling Vehicles--Ford F-Series #1
http://content.usatoday.com/communities/driveon/post/2012/06/mays-top-10-best-selling-vehicles-toyota-ram-score/1

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You May Have Missed---

Merrill Losses Were Withheld Before Bank of America Deal
http://www.nytimes.com/2012/06/04/business/bank-of-america-withheld-loss-figures-ahead-of-merrill-vote.html?hp

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SparkPeople--Live Healthier and Longer

Thinking Outside the Lunch Box—for Adults, too http://www.dailyspark.com/blog.asp?post=thinking_outside_the_lunch_box

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Sports Briefs----

Tiger rallies to win the Memorial
http://www.ajc.com/sports/tiger-rallies-to-win-1451701.html

Bay Area pro teams headed in different directions
http://www.pressdemocrat.com/article/20120602/SPORTS/120609879/1010/SPORTS?Title=COHN-Bay-Area-pro-teams-headed-in-different-directions

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

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Baseball Poem

Three Run Homers, or, Rupert Brooke Celebrates Baseball

I think that I shall never see 
A poem lovely as a three 
Run homer when the team is pressed 
Against the wall and quite distressed, 
A homer that may at evening scare 
A nighthawk circling in the air, 
Or, 'neath the arc lights blazing bright, 
Restore the score and set things right, 
Rescue the pitcher and save the game, 
And set the home team crowd aflame: 
Poems are made by fools like me, 
But only heroes knock in three.

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California Nuts Briefs---

Number of homes on market down as prices pick up
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/03/MNJ11OMMVC.DTL&type=realestate

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“Gimme that Wine”

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

The Chardonnay Symposium Celebrates the 100th Birthday of America's Favorite Wine
http://www.winebusiness.com/news/?go=getArticle&dataid=101359

In Spain, the Promise of Godello
http://www.nytimes.com/2012/05/30/dining/reviews/godello-wines-from-spain-wines-of-the-times.html?ref=dining

Wine flash-deal business is maturing
http://www.marketwatch.com/story/flash-deal-wine-sites-mature-2012-05-30?reflink=MW_news_stmp

Ascentia dismantling Healdsburg wine group
http://www.pressdemocrat.com/article/20120531/BUSINESS/120539868/1339/business?
Title=Ascentia-dismantling-Healdsburg-wine-group

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

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

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

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

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

      1648- Margaret or Margery Jones, of Charlestown was the first woman in Massachusetts to be executed for being a witch. Massachusetts Gov. John Winthrop's revealing diary indicated she dispensed herbs for healing and therefore was a witch. She was hung while protesting her innocence. Margaret Russell of Lexington, Massachusetts wrote and a member of the WiiN board wrote: "Margaret (variously Margery) Jones of Charleston, in what was then the Bay Colony, was the first woman (or person) in the new world tried and hanged explicitly for witchcraft, in 1648. "Winthrop further wrote:’ Her behavior at the trial was very intemperate, lying notoriously, and railing upon the jury and witnesses, etc. and in like distemper she died. The same day and hour she was executed there was a very great tempest at Connecticut, which blew down many trees, etc.' "
    1738-birthday of King George III, the English king against whom the American Revolution was directed. Born at London, England, died Jan 29, 1820, at Windsor Castle, near London. The 1744-1748 period known as King George’s War included most of the European nations in a complicated series of alliances, mainly pitting England, Austria, and Germany against the French and Spanish nations, including a quest for colonial power.
    1811-During a debate on the proposal to create a state from the Orleans Territory, which entered the Union as Louisiana on April 30, 1812, the first secession idea was mentioned in Congress. The debate concerned the extension of slavery to the proposed state. Representative Josiah Quincy of Massachusetts declared, “ I twill be the right of all and the duty of some (of the states) definitely to prepare for a separation; amicably, if they can; violently, if they must. “ Representative Poindexter of Mississippi called Quincy to order, as did the speaker of the House. On appeal, the speaker’s decision was reversed, and Quincy was sustained by a vote of 53 ayes to 56 nays on the point of order. As new states and territories were added, whether they were to be “free” or “slave”, created further division between the North and South congressional and senate representatives, as the issue was basically one of “free labor” and “ownership” of people not considered “citizens” and to many, “human beings.”
    1812-- US House of Representatives votes war against Great Britain
79 to 49, three days after President James Madison called on Congress to declare war. President Madison had grown tired of watching the US's merchant ships and sailors take a beating at the hands of the British.
    1825 - A hurricane struck Long Island NY leveling trees and causing damage to ships. The early season hurricane, which originated around Cuba, caused major damage along the Atlantic coast from Charleston SC to New York City. Many were lost at sea.
    1849-The "Panama "arrived in San Francisco Bay. There were already about 200 deserted ships in the harbor because the crews had abandoned them for the gold fields. Dr. Stephen R. Harris arrived on the " Panama." He was later elected to the posts of mayor, controller and coroner. Also on board was Hall McAllister whom Gen. Riley would appoint as attorney for the San Francisco District in Sept. 1849.
    1849--Eighteen men from the "U.S.S. Ohio" deserted to go to the gold diggings.
    1860 - Iowa's "Commanche Tornado", with wind speeds estimated in excess of 300 mph, was unquestionably one of the worst experienced by early settlers, with nearly a million dollars damage.
    1873-birthday of Constance Mary Katherine Applebee, physical educator born at Chigwall, Essex, England. While taking a summer course at Harvard in 1901, Applebee introduced field hockey to her classmates. Soon thereafter, she taught the game to students at Vassar and began teaching seminars and clinics to spread the game throughout the US. Died Jan 26, 1981.http://www.women.eb.com/women/articles/Applebee_Constance_MK.html
    1862 - President Lincoln, with Secretaries Stanton and Chase on board, proceeded to Hampton Roads on steamer Miami to personally direct the stalled Peninsular Campaign. The following day, Lincoln informed Flag Officer L. M. Goldsborough: "I shall be found either at General Wool's [Fort Monroe] or on board the Miami." The President directed gunboat operations in the James River and the bombardment of Sewell's Point by the blockading squadron in the five days he acted as Commander-in-Chief in the field.
    1876-A mere 83 hours after leaving New York City, the Transcontinental Express train arrives in San Francisco. That any human being could travel across the entire nation in less than four days was inconceivable to previous generations of Americans. During the early 19th century, when Thomas Jefferson first dreamed of an American nation stretching from "sea to shining sea," it took the president 10 days to travel the 360 km from Monticello to Philadelphia via carriage. Even with frequent changing of horses, the 100-mile journey from New York to Philadelphia demanded two days hard travel in a light stagecoach. At such speeds, the coasts of the continent-wide American nation were months apart. How could such a vast country ever hope to remain united? As early as 1802, Jefferson had some glimmer of an answer. "The introduction of so powerful an agent as steam," he predicted, "[to a carriage on wheels] will make a great change in the situation of man."
    1886-Grover Cleveland, noted in yesterday’s Day in American History, marries Francis Folsom, becoming the first president to get married in the White House lower part of :http://memory.loc.gov/ammem/today/jun02.html
    1892--The Sierra Club was incorporated in San Francisco, California.
    1894-Famous Quebec singer and songwriter La Bolduc was born in Newport, Quebec. Her songs, mirroring Quebec life in the 1920's and '30s, had great influence on later French-language singers in the province. In the late '20's, her recordings of "La Cuisiniere" and "La Servante," sold 12,000 copies, a success unequalled in Quebec up to that time. La Bolduc died in 1941.
    1896 - At approximately 1:30 a.m., Henry Ford test-drove his Quadricycle, the first automobile he ever designed or drove. Ford was working at the Edison Illuminating Company in Detroit at the time that he began building the Quadricycle. He had reportedly seen an article on the gasoline engine in American Machinist while in the company of friend and fellow engineer, Charles King.
    1908-Birthday of Rosalind Russell - one of the great comedic actors of U.S. stage and screen who also portrayed - just as perfectly - sophisticated career women. She was nominated for four Academy Awards but never won. She did, however, receive the Jean Hersholt Humanitarian Award from the Academy in 1972. She is probably best known because of the late, late showings on TV for her work in Auntie Mame (1958) and Gypsy (1962) although her earlier role in The Women was perhaps her most riveting. Her mother was Clara McKnight, editor of Vogue magazine.
    1911--Gold is discovered in Alaska's Indian Creek.
    1913—Robert Runyon photographs Constitutionalist armies as well as the major military figures in Matamoros, part of the Mexican revolution involving raids
into the United States.
http://runyon.lib.utexas.edu/conflict.html
    1917-the First Pulitzer Prizes were awarded: biography, Julia Ward Howe by Laura E. Richards and Maude H. Elliott assisted by Florence H. Hall; history, “ With Americans of Past and Present Days by Jean Jules Jusserand, the French ambassador to the US. Herbert Bayard Swope of the New York World won the $500 prize for his stories on the internal situation in the German empire.
    1919-Birthday of opera singer Robert Merrill.
    1924-Native American Indians were granted citizenship and the right to vote by Congress. 
http://memory.loc.gov/ammem/today/jun02.html 
    1927-A team of American professional golfers beat a team of British professional golfers to win the first Ryder Cup competition, 9 ½ to 2 ½. The Ryder Cup was presented by British businessman Samuel Ryder. The first biennial competition was held at Worcester County Club, MA. Virginia this day. It was the first such craft wholly designed and built to carry and launch aircraft. The first captain was Arthur Leroy Bristol.
    1928-Trumpter player/band leader Maynard Ferguson birthday
http://maynard.ferguson.net/
    1928 --Birthday of Dr. Ruth Westheimer - U.S. TV's Dr. Ruth, sex expert.
http://www.wic.org/bio/westheim.htm
http://www.ivillage.com/relationships/experts/drruth
    1932-birthday of vocalist Morgana King, Pleasantville, NYhttp://www.artistdirect.com/music/artist/bio/0,,453489,00.html?artist=Morgana+King
    1932-birthday of arranger/tenor sax player Oliver Nelson, St. Louis, MO , died Octoberhttp://page.freett.com/basiemusic/oliver-nelson.html 27, 1975. http://www.sierramusic.com/nelson2000.htm
http://www.jazzpages.com/KarlheinzKlueter/klue_nelson.htm
    1934 - Tommy and Jimmy of The Dorsey Brothers recorded "Annie’s Aunt Fanny" on the Brunswick label. The track featured trombonist Glenn Miller, who also sang on the track.
    1934-the firsts US aircraft carrier, the Ranger, was placed in service in Norfolk, VA. The first captain was Arthur Leroy Bristol.
http://www.navsource.org/archives/02/04.htm
http://www.ussrangercv61.org/
    1937-birthday of vocalist Freddy Fender ( Baldemar G. Huerta,Sr.), San Benito, TX
http://www.freddyfender.com/
    1939 - During what became known as the "Voyage of the Damned," the SS St. Louis, carrying more than 900 Jewish refugees from Germany, was turned away from the Florida coast. Also denied permission to dock in Cuba, the ship eventually returned to Europe. The passengers were divided among England, France, Belgium and Holland and a number of the refugees later died in Nazi concentration camps. By 2003 efforts to track their fates identified 935 out of the 937 passengers. Some 260 ended in Nazi killing centers.
    1940-Duke Ellington Orchestra records “ Cotton Tail,” “Don’t Get Around Much Anymore” for Victor.
    1940 -- Carson McCullers, 23, publishes The Heart Is a Lonely Hunter to great critical acclaim. 
http://www.kirjasto.sci.fi/carsonmc.htm
    1940--Birthday of Dorothy Rudd Moore - U.S. composer, poet, singer,born in New Castle, Delaware. She graduated magna cum laude from Howard University, where she earned a B.A. in music theory and composition, studying with Mark Fax. She was the recipient of a Lucy Moten Fellowship for study with Nadia Boulanger at the American Conservatory in France in 1963, and continued composition studies with Chou Wen-Chung in New York in 1965. She taught at the Harlem School of the Arts, New York University, and Bronx Community College, and and was one of the founders of the Society of Black Composers. Her opera, Frederick Douglass, was performed in 1985 by Opera Ebony at the City College of New York. Rudd Moore has received commissions from Meet the Composer, the American Music Center, and the New York State Council on the Arts. Three Pieces for Violin and Piano displays a spare and dissonant harmonic language featuring quartal and tritone harmonies.
    1942- June 4-6, the Battle of Midway. A Japanese task force attempted to capture Midway Island in the Central Pacific. American bombers from Midway and from two nearby aircraft carriers sent the Japanese into retreat. This is considered by many the turning point of the war not only for morale but this important victory over the Japanese was quite militarily significant. Americans repulsed an attempt to seize the island, sinking 17 Japanese ships, including four aircraft carriers, two large cruisers and four destroyers. Japan also lost 250 planes and 4800 men. The U.S. lost over 300 men and two ships, including the carrier Yorktown. Japan never regained its margin in carrier strength and the Central Pacific was made safe for American troops.
http://www.history.navy.mil/photos/events/wwii-pac/midway/midway.htm http://www.burtonia.com/ww2/kleiss/
http://www.amazon.com/exec/obidos/ASIN/0792299914/inktomi-dvdasin-20/
104-3603723-3237564
    1942-*FLEMING, RICHARD E. Medal of Honor
Rank and organization: Captain, U.S. Marine Corps Reserve. Born: 2 November 1917, St. Paul, Minn. Appointed from: Minnesota. Citation: For extraordinary heroism and conspicuous intrepidity above and beyond the call of duty as Flight Officer, Marine Scout Bombing Squadron 241, during action against enemy Japanese forces in the battle of Midway on 4 and 5 June 1942. When his Squadron Commander was shot down during the initial attack upon an enemy aircraft carrier, Capt. Fleming led the remainder of the division with such fearless determination that he dived his own plane to the perilously low altitude of 400 feet before releasing his bomb. Although his craft was riddled by 179 hits in the blistering hail of fire that burst upon him from Japanese fighter guns and antiaircraft batteries, he pulled out with only 2 minor wounds inflicted upon himself. On the night of 4 June, when the squadron commander lost his way and became separated from the others, Capt. Fleming brought his own plane in for a safe landing at its base despite hazardous weather conditions and total darkness. The following day, after less than 4 hours' sleep, he led the second division of his squadron in a coordinated glide-bombing and dive-bombing assault upon a Japanese battleship. Undeterred by a fateful approach glide, during which his ship was struck and set afire, he grimly pressed home his attack to an altitude of 500 feet, released his bomb to score a near miss on the stern of his target, then crashed to the sea in flames. His dauntless perseverance and unyielding devotion to duty were in keeping with the highest traditions of the U.S. Naval Service.
    1942 - Glenn Wallichs did "promotions" for Capitol Records in Hollywood. He theorized that if he sent copies of Capitol’s new records to influential radio announcers around the United state, he might be able to get the stations to play the records. Soon the practice would become common for most record labels.
    1944--*DAVID, ALBERT LEROY Medal of Honor
Rank and organization: Lieutenant, Junior Grade, U.S. Navy. Born: 18 July 1902, Maryville, Mo. Accredited to: Missouri. Other Navy award: Navy Cross with gold star. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while attached to the U.S.S. Pillsbury during the capture of an enemy German submarine off French West Africa, 4 June 1944. Taking a vigorous part in the skillfully coordinated attack on the German U-505 which climaxed a prolonged search by the Task Group, Lt. (then Lt. j.g.) David boldly led a party from the Pillsbury in boarding the hostile submarine as it circled erratically at 5 or 6 knots on the surface. Fully aware that the U-boat might momentarily sink or be blown up by exploding demolition and scuttling charges, he braved the added danger of enemy gunfire to plunge through the conning tower hatch and, with his small party, exerted every effort to keep the ship afloat and to ass1st the succeeding and more fully equipped salvage parties in making the U-505 seaworthy for the long tow across the Atlantic to a U.S. port. By his valiant service during the first successful boarding and capture of an enemy man-o-war on the high seas by the U.S. Navy since 1815, Lt. David contributed materially to the effectiveness of our Battle of the Atlantic and upheld the highest traditions of the U.S. Naval Service.
    1945- Birthday of Gordon Waller, one half of the 1960's British folk singing duo of Peter and Gordon, was born in Braemar, Scotland. Peter and Gordon had a softer sound than most of the British groups of the period. They first hit the North American charts in 1964 with "World Without Love," written by Paul McCartney. They had a string of hit singles during the next several years, the biggest of which was     1945 - Michelle Phillips (Holly Michelle Gilliam) of the Mamas and the Papas is born in Long Beach, Calif. The group's biggest hit is the million-selling No. 1 song ``Monday, Monday.'' Phillips later acts in the TV show ``Knots Landing.''
    1951-Mississippi Valley State University founded.
http://www.mvsu.edu
    1953 - An atomic bomb test explosion took place at Yucca Flats, Nevada, equivalent to 50,000 tons of TNT. This was double the 1945 blast over Hiroshima.
    1953--BARKER, CHARLES H. Medal of Honor
Rank and organization: Private First Class (then Pvt.), U.S. Army, Company K, 17th Infantry Regiment, 7th Infantry Division. Place and date: Near Sokkogae, Korea, 4 June 1953. Entered service at: Pickens County, S.C. Born: 12 April 1935, Pickens County, S.C. G.O. No.: 37, 7 June 1955. Citation: Pfc. Barker, a member of Company K, distinguished himself by conspicuous gallantry and indomitable courage above and beyond the call of duty in action against the enemy. While participating in a combat patrol engaged in screening an approach to "Pork-Chop Outpost," Pfc. Barker and his companions surprised and engaged an enemy group digging emplacements on the slope. Totally unprepared, the hostile troops sought cover. After ordering Pfc. Barker and a comrade to lay down a base of fire, the patrol leader maneuvered the remainder of the platoon to a vantage point on higher ground. Pfc. Barker moved to an open area firing his rifle and hurling grenades on the hostile positions. As enemy action increased in volume and intensity, mortar bursts fell on friendly positions, ammunition was in critical supply, and the platoon was ordered to withdraw into a perimeter defense preparatory to moving back to the outpost. Voluntarily electing to cover the retrograde movement, he gallantly maintained a defense and was last seen in close hand-to-hand combat with the enemy. Pfc. Barker's unflinching courage, consummate devotion to duty, and supreme sacrifice enabled the patrol to complete the mission and effect an orderly withdrawal to friendly lines, reflecting lasting glory upon himself and upholding the highest traditions of the military service.
    1955----Top Hits
Cherry Pink and Apple Blossom White - Perez Prado
A Blossom Fell - Nat King Cole
Rock Around the Clock - Bill Haley & His Comets
In the Jailhouse Now - Webb Pierce
    1956- Elvis Presley makes a second appearance on the Milton Berle Show. He's presented with two Billboard Triple Crown awards for "Heartbreak Hotel". It was number one on the pop, R&B and Country & Western charts.
    1958 - No. 1 Billboard Pop Hit: ``The Purple People Eater,'' Sheb Wooley. Wooley plays Peter Nolan on the TV series ``Rawhide.'' He also records comic recordings under the name Ben Colder and writes the ``Hee Haw'' theme song.
    1962 -- William Faulkner's last novel, The Reivers, is published.
http://www.mcsr.olemiss.edu/~egjbp/faulkner/faulkner.html
    1967- "The Monkees" TV show won an Emmy award for outstanding comedy series.
    1963-The Searchers released their debut single. It was a cover of the Drifters' hit, "Sweets For My Sweet."
    1963----Top Hits
It’s My Party - Lesley Gore
I Love You Because - Al Martino
Da Doo Ron Ron - The Crystals
Lonesome 7-7203 - Hawkshaw Hawkins
    1964 - Sandy Koufax of the Los Angeles Dodgers tied Bob Feller’s 1951 record by pitching a third career no-hit baseball game. The Dodgers won 3-0 against the Philadelphia Phillies 3-0. Koufax struck out twelve Phillies’ batters with his team catching the rest for the outs.
    1966-Janis Joplin arrives in San Francisco, having been invited there by Big Brother and the Holding Company in order to become their new lead singer.
    1967-Bill Cosby, first black in a major television role, receives an Emmy Award for “I Spy.”
http://www.videoflicks.com/Contrib/1003/1003372.htm
    1968 --San Francisco voters defeated a $5.7 million measure to acquire the Cliff House and Sutro Baths for a park. Ballot counting came to a standstill at City Hall when the assassination of Robert F. Kennedy at the Ambassador Hotel in Los Angeles was broadcast live on television.
    1970 Carlos Santana records "Black Magic Woman"
    1971----Top Hits
Brown Sugar - The Rolling Stones
Want Ads - The Honey Cone
It Don’t Come Easy - Ringo Starr
I Won’t Mention It Again - Ray Price
    1972-Angela Davis, black activist and professor, was found not guilty by an all-white jury of murder, kidnapping and conspiracy charges resulting from the August 7, 1970, fatal shooting of Judge Harold Haley in Marin County during an attempted escape and kidnapping. While Davis was not present at the crime, the murder weapon had been purchased by her and she knew the perpetrators, and had visited them often in jail. Based upon these facts, she was arrested and charged. During her trial she told the court she bought guns to protect herself, “For a black person growing up in violence-filled Alabama,” she said,” guns were a normal way of life.” I interviewed her as a newsman many times. The prosecutors could not prove that she planned or participated. She was very articulate and convincing, and all law enforcement knew she was involved, but could not prove it.http://webpages.marshall.edu/~lockhart1/angeladavis.html
    1974-the game between the Texas Rangers and the Indians at Cleveland’s Municipal Stadium was forfeited to Texas when the Indians tied the score, 5-5, in the bottom of the ninth inning. Umpire Nestor Chylak awarded the game to Texas when carousing fans, enlivened by an evening of ten cent bears, gout out of hand. An estimated 60,000 cups of brew is sold to a crowd of 25,134.
    1977-Supertramp's "Give A Little Bit" is released.
    1979----Top Hits
Hot Stuff - Donna Summer
Love You Inside Out - Bee Gees
We are Family - Sister Sledge
If I Said You Had a Beautiful Body Would You Hold It Against Me - Bellamy Brothers
    1980-The first Jewish woman to graduate from West Point was Cadet Donna Maller of Cockeysville, MD, one of 13 Jewish cadets who were graduated and commissioned on June 4, 1980, in a class of 831 men and 63 women. 
    1982 - A four day storm began over New England which produced up to 14 inches of rain in southern Connecticut breaching twenty-three dams and breaking two others. Damage was estimated at more than 276 million dollars.
    1983-Mike Ashman of the Albany-Colonie Athletics, a minor league team, became the first player in professional baseball history to play all 10 positions in a ball game. Ashman pitched, caught, played all infield and outfield positions and served as the team’s designated hitter.
    1983- Steve Nicks releases "Stand Back."
    1984-Bruce Springsteen releases his "Born In The U.S.A." LP. The album tops the chart for 7 weeks and spawns 7 top-10 singles.
    1986- the first of six Amnesty International shows was held in San Francisco. A crowd of 14,000 turned out to hear Bryan Adams, Sting, U2 and Peter Gabriel.
    1987-The longest winning streak in track and field history came to an end as Danny Harris defeated Edwin Moses in the 400-meter hurdles at a meet in Madrid. Moses, who had won 122 races in a row dating back to August 26, 1977, finished .13 seconds behind.
    1987----Top Hits
With or Without You - U2
You Keep Me Hangin’ On - Kim Wilde
Always - Atlantic Starr
It Takes a Little Rain (To Make Love Grow) - The Oak Ridge Boys
    1988 - A dozen cities in the eastern U.S. reported record low temperatures for the date, including Atlantic City NJ with a reading of 40 degrees. Fifteen cities in the north central U.S. reported record high temperatures for the date, including Glasgow MT and Havre MT with readings of 102 degrees.
    1992- The "young Elvis" stamp beats out the bloated "Vegas Elvis" stamp in a contest conducted by the U.S. Postal Service. More than a million votes are tallied
    1996-Pamela Davis, a 21 year-old right-hander pitched one inning of scoreless relief for the Jacksonville Suns and got credit for the win in a exhibition game against the Australian Olympic team. The Suns, a Class AA affiliate of the Detroit Tigers, thus became the first minor league team, under the current structure of minor league baseball. to employ a female player to is roster.
    1996-A a show by Metallica in the parking lot of Tower Records in right here in San Jose, California drew 10,000 fans. The resulting traffic jam and overworked police officers left the record store, the promoter and the band's record company facing charges of disturbing the peace, obstructing traffic and failure to get a permit.
    1998-- By selling out all four-million shares of common stock sold at $15 each, the Indians raised $60 million making the Indians the first publicly traded major league team.
    1998 - Ray Charles celebrates his 50th year in the music industry by performing with an all-star reunion band at the 15th annual Chicago Blues Festival in Grant Park. He is joined by David "Fathead" Newman, Hank Crawford, and Leroy "Hog" Cooper on saxes and Philip Guilbeau on trumpet. Mabel John, a former Raelett performs guest vocals.
    2001-- After falling behind 3-0, Little League Robert Knight pitcher strikes out the final batter to complete a perfect game in which all 18 batters are struck out. The 5-foot-3 twelve-year old also had three hits as the Tigers beat the Giants, 7-0.
    2003--- Although his bat may have contained cork in yesterday's game, all five of Sammy Sosa's historic bats housed at the Hall of Fame and the76 of confiscated from his locker by major league baseball revealed no signs of tampering. X-rays and CT scans were used to clear cleared Cubs' slugger remaining lumber.
    2004 --Both Barry Bonds (675) and Rafael Palmeiro (536 and 537, to pass Mickey Mantle) both homer marking only the third time in baseball history that two players with more than 500 home runs go deep in the same game. Willie Mays and Ernie Banks (1970) and Mays again with Hank Aaron were the first pairs to accomplish the feat (1971).