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Monday, June 11, 2012



Today's Equipment Leasing Headlines

Looking for Information on Positron
 Classified Ads---Sales
  30% Off for Leasing News Readers
   Barry Reitman's New Book
Leasing 102 by Mr. Terry Winders, CLP
 “Forms of Funding”
   Career Crossroad— "Am I burnt out in leasing?"
    Summer Special--25% Off Help Wanted
 Four Banks—One Large, three small fail—why?
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    LinkedIn Advice on Passwords
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Asian Stocks Rally on Spain Bailout Plan
'Once' in a lifetime night at 2012 Tony Awards; '
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How Lindsay Lohan's Porsche protected her in crash
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ELLEN MICHELE STERN, ATTORNEY
Southern California

Free initial consultation
Nationwide network of providers and client base.
Twenty-six years of leasing expertise, ranging from front-end transactional through collections, equipment & judgment recovery.
Results-oriented

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Looking for Information on Positron


If you have any information "on the record" or "off the record" regarding:

Positron
530 Oakmont Lane
Westmont, Illinois

(Main office: 9715 Kincaid Blvd., Fishers, Indiana 46038)

Please contact kitmenkin@leasingnews.org

"Positron Corporation is a publicly listed company and files annual, quarterly, special reports, proxy statements and other information with the SEC. Shares of common stock are currently trading on the National Association of Securities Dealers, Inc.’s OTC Bulletin Board under the symbol POSC.OB."
    
www.positron.com


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



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Classified Ads---Sales


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

California
Aggressive, competitive self-starter with vendor/direct equipment 
leasing and asset-based lending experience. Success in business banking sales and financial planning. 
Email: dsp559@hotmail.com | Resume

Garfield, NJ
15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker.
Tony Lio tonylio@optonline.net
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133
E-mail: billmcneal2003@yahoo.com

Orange County, CA 
20+ yrs. leasing sales/sales mgmt
Established remote office w/Lessee/Vendor following
Request Salary + commission or partnership w/direct funding source.
shermbp@gmail.com

Pittsburgh , PA 
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592
mwiser500@hotmail.com

San Francisco Bay Area:
15 year Vendor Program Agreement HUNTER. Currently employed at major IT manufacturer captive supporting direct and channel sales. Must have base, commission and benefit package.
E-mail: VdrPgmBizDev@aol.com

Texas/Oklahoma 
15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.
E-mail: bankingdallas@yahoo.com


Free Posting for those seeking employment in Leasing:
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All “free” categories “job wanted” ads:http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm


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30% Off for Leasing News Readers
Barry Reitman's New Book


The $19.95 paperback book is available with a special Leasing News 30% Discount Code Monday and Tuesday only for just $13.96. The Leasing News discount is not available to the public at Amazon. Go to the eStore and enter Discount Code - FYGUTT3P - at check-out.

238 pages from Keystone Equipment Leasing's Barry Reitman.


"Memory Shock" is Barry Reitman's proprietary system of training in memory techniques, including simple, new methods of teaching centuries-old techniques. He teaches the program at two community colleges of the State University of New York and has presented Memory Shock at a two-hour seminar for teachers and graduate students at Long Island University's Rockland Graduate Campus Education Department. He also lectures regularly on mnemonics at the world-renowned NYPD Police Academy.

As the title suggests, it is a light, readable collection of methods, giving you secrets used by memory experts to enhance their ability to recall. More important, it is a twenty-minute-a-day program to empower even those who believe they have severe memory loss. At the beginning of his speeches and lectures, Barry says, “I have the worst natural memory in this room,” before proceeding to recite – from memory - the entire crossword puzzle published in that morning’s New York Times.

Send Leasing News to a Colleague. We are free!!!

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Leasing 102
by Mr. Terry Winders, CLP


“Forms of Funding”

How to fund leases has been an issue for many decades. The correct or best funding program starts with the type of lease to be funded and the capital base of the lessor. You can sell, assign, or pledge the lease as collateral for a loan if it is a bargain option lease with no residual unless it is a “PUT” (purchase upon terms—guaranteed price).

To begin with a properly documented lease can be sold to a funder with no recourse if the credit is acceptable to the purchaser by selling the rights, title, and interest to the equipment (note: the equipment is not sold, as many states will consider that a sale and impose sales or use tax on the transaction). Usually the lessor sells the lease and takes a commission base on the difference between the “buy” rate and the lease rate. An example is a lease for 60 months @ 12% with payments in Advance, A $1 purchase option on a $100,000 transaction. If the buy rate is 10% the lessor would earn $4,521.55. The funder is earning 10% on $104,521.55 However, care should be taken in deciding how to not lose the lessee’s next deal to the funder’s sales force. Also the lessor must understand that they are still on the hook if fraud is discovered regardless of the non-recourse or there may be other responsibilities before the title is transferred, including personal property tax or late charges owed.

Occasionally the transaction does not have recourse but the transaction has a 15% Purchase option, or a FMV one, so the lessor would like to retain the opportunity to negotiate the extra income from the purchase option upon termination. By selling off only the payment stream instead of the rights, or title to the equipment the lessor retains ownership of the equipment and the rights to the termination benefits. However, if the payments are sold off and paid to the lessor upfront on a non-recourse basis then all the income must be recognized up front as well. This can be avoided if the income is in doubt over the term and the lessor has some recourse to the funder.

Sometimes it is better to sell the transaction to the funder and negotiate a remarketing agreement to handle the termination and split the rewards at a predetermine percentage after reselling costs are determined. These costs should be very carefully spelled out in a remarketing agreement signed by both lessor and funder.

If the lessor could handle the debt loan then some lessors arrange a line of credit and fund the deal by obtaining a loan by using the lessee’s credit and using the lease as collateral for the loan. In addition they have a leasing software program that allows them to handle the back office billing and collection. By taking this approach instead of discounting the payments they get the full advantage of taking the 2% spread over the term and receive $5,716.20 income instead of the discounted commission of $4,521.55. The lessor is then a leasing company with all the credit risks and operating costs it entails.

Tax leases are another story because the whole payment is income for Federal and State income tax. So if the lessor retains the equipment ownership and only sells off the payment stream, as the true owner of the equipment the lessor will retain the MACRS depreciation but will have to report the discounted payment stream as income up front. If the commission was $4,000 then the discounted rent stream would be $104,000. With only the first year’s 20% MACRS depreciation net taxable income would be $84,000. Ouch! Most tax leases are sold and a remarketing agreement is signed to handle the Purchase or releasing benefits at termination.

It is getting easier to get funding sources to invest in residuals but sometimes they will only allow a very conservative one. Therefore, it may require the lessor to take on the responsibilities of residual assumptions. It requires a capital investment by the lessor up front to obtain sufficient funds to pay the vendor. The lessor must determine how much to invest taking into account the commission on the discounted payment stream and the full purchase price of the equipment.

There are other ways to fund leases but these are the most popular. A lessor must look at the credit risk, the capital investment, the legal ramifications, and the tax implications to choose a funding solution and make sure any agreements with funders is reviewed by your legal counsel.

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

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.

502.649.0488/Leaseconsulting@msn.com

 

(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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Career Crossroad— "Am I burnt out in leasing?"


Question: I am currently in a sales role and have been for years within the Equipment Leasing / Finance industry. I am feeling a bit burned out – any suggestions?

Answer: You need a good work/ life balance and to re-charge your batteries. Let’s face it, the industry has been very difficult over the last 4 years – many have to work 10+x harder.

First step, get away: take a real vacation (ideally 2 weeks if not, even a long weekend). Spend 75% of your time doing nothing but relaxing. enjoying yourself, re-connecting with your family, etc… Nothing stressful during this time – don’t look at the pile of paperwork, emails or voice mails – nothing work related. Don't bring your laptop. Stay off your digital device.

Towards the end of your vacation, when you feel you are finally relaxing, then you can let creep in how you are going to "pump yourself up" and get a new start. Perhaps while you are away from your room, take a pad and pen and start a daily goal / task list – writing down goals / targets. Perhaps break this up by reading inspiring book/articles to get you re-motivated.

If you feel there are blocks in your way not allowing you to reach these goals, address them and solve the problem. For example your territory may be to narrow/small, create an action plan. Maybe the rut is in your routine, so you need to change it. For every “block” do the same thing.

I truly believe taking some time for yourself/your family, re-evaluating your career and creating action plans will breathe new life into your role as a Business Development Professional.

Remember, bringing your laptop and digital device on vacation is bringing your office with you. At least once a year, leave them behind.

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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Four Banks—One Large, three small fail—why?



The 17 branches of Waccamaw Bank, Whiteville, North Carolina, were closed with First Community Bank, Bluefield, Virginia, to assume all of the deposits of Waccamaw Bank. Founded in September 2, 1997 the bank had 124 full time employees as of March 31, 2012 in North Carolina with 2 offices in Shallotte and Southport, and one in Chadbourn, Elizabethtown, Oak Island, Ocean Isle Beach, Supply, Tabor City, and Whiteville plus five offices in South Carolina, two in Conway, one each in Heath Springs, Little River, and Myrtle Beach. December 31, 2007 the bank had 207 full time employees.

The demise of this bank is no surprises as many cease and desist and "prompt action" notices have been issued as the bank is less than five years had cut full time employees in half, but it did not stop the losses starting in 2009 that drove the 2007 equity of $42.1 million to $3.2 million by March 31, 2012, where the Tier 1 risk-based capital ratio 1.24%.

The bank is the third in this specific area of North Carolina to fail in the economy turndown, followed by Pawleys Island-based Plantation Federal in April and Myrtle Beach based Beach First National in April, 2010. Certainly construction and land development as well as nonfarm nonresidential loans took the bank down. Once listed on NASDAQ, the investors lost everything. Another example of the real estate boom—bust!

A dispute developed over capital raised on a loan to sell $16 million of stock as the Fed believe Waccamaw overpaid for the loans, saying the bank was basically "funding their own capital," but finally allowed $8.4 million to be counted in Tier 1 regulatory capital.
http://www.starnewsonline.com/article/20120209/articles/120209651

Then the bank had hoped to sell 11 of its branches to First Bank, Troy, North Carolina, October, 2011, but both state and federal regulators did not approve the sale, according to Bank president CEO Geoffrey R. Hopkins.
http://wilmingtonbiz.com/industry_news_details.php?id=3214

Hopkins had been president of the bank since January, 2003.
http://www.linkedin.com/pub/geoffrey-hopkins/45/438/2b7

Despite the controversy of the capital, the hoopla of selling off 11 branches, and the extreme measures of cutting staff, and operational expense cuts, the fact is the bank continued to have losses: 2009: $13.7 million, 2010: $14.8 million, 2011: $21 million, and the first three months of this year: $3.5 million. Despite infusion of capital and operation cuts, you can’t have the losses this bank continued to have and stay in business.

(in millions, unless otherwise)

Net Equity
2006 $38.4
2007 $42.1
2008 $40.0
2009 $29.7
2010 $26.9
2011 $6.8
3/31 $3.2

Profit
2006 $4.2
2007 $4.4
2008 -$1.4
2009 -$13.7
2010 -$14.8
2011 -$21.0
3/31 -$3.5

Non-Current Loans
2006 $1.5
2007 $4.1
2008 $17.0
2009 $22.8
2010 $42.7
2011 $42.2
3/31 $41.2

Charge Offs
2006 $548,000 ($500, 000 Commercial/Industrial, $45,000 1-4 family, $3, individuals)
2007 -$114,000 ($179,000 individual, -$294,000 construction/land)
2008 $1.2 ($492,000 construction/land, $277,000 commercial, $200,000 nonfarm, $50,000 indiv.)
2009 $13.6 ($6.8 construction/land, $2 nonfarm/nonres.,$1.8 commercial, $1.6 multifamily, $909,000 1-4 family, $208,000 other, $155 individual)
2010 $6.8 ($4.1 construction/land, $750,000 nonfarm nonres., $566,000 multifamily, $322,000 commercial, $108, consumer)
2011 $15.0 ( $10.1 construction/land, $1.9 commercial, $1.5 multifamily, $1.3 1-4 family, $756,000 nonfarm, $233,000 individuals) 3/31 $2.8 ($1.3 construction/land, $812,000 nonfarm nonres.,$638,000 1-4 family, $6,000 individuals, $4,000 commercial)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of March 31, 2012, Waccamaw Bank had approximately $533.1 million in total assets and $472.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Community Bank agreed to purchase approximately $515.3 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

The FDIC and First Community Bank entered into a loss-share transaction on $330.6 million of Waccamaw Bank's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $51.1 million.

http://www.fdic.gov/news/news/press/2012/pr12067.html


First Capital Bank, Kingfisher, Oklahoma, was closed with F & M Bank, Edmond, Oklahoma, to assume all of the deposits. This small bank was established January 1, 1902 and as of March 31, 2012 had 15 full time employees. December 31, 2007 they had 41 full time employees.

Many of the bank failures are relatively new banks. According to problembanklist.com, First Capital Bank, originally founded in 1902 as Guthrie Savings Bank, provided banking services to its customers at a time when Oklahoma was not yet a state and Guthrie was the capital of the Oklahoma Territory.

1926


The bank when it folded:


March 31, 2012: Tier 1 risk-based capital ratio 2.73%


Jeff Johnson, President, First Capital Bank, Kingfisher

Jeff Johnson, president was president-elect of the Horizon Banks, the leadership group of the Community Bankers Association of Oklahoma, and president of the Oklahoma Community Institute. In the January 6, 2011 community Times he delivered the following message:

“At OCI, it is our mission ‘to be a catalyst that enables and encourages Oklahoma citizens to improve their communities.” And at the root of this statement is the overriding necessity for Oklahomans’ to PLAN for the improvement of their communities.

“Translated into juicy nuggets of wisdom, I believe that the root of OCI’s mission can be summarized in the following ways:

1. “He who fails to plan, plans to fail.”
2. “It pays to plan ahead. After all, it wasn’t raining when Noah built the ark.”
3. “If you’re not at the table, chances are you’re probably on the menu.”
4. “A good plan today is better than a perfect plan tomorrow.”

“Does your community have a plan? If not, please re-read quote #1.”

“Do you see nothing but clear skies ahead for your community? If so, re-read quote #2.”

“Is your community leadership content with the status quo? If so, re-read quote #3”

“Are you afraid that you don’t have the resources necessary to put together an adequate plan for your community? If so, please re-read quote #4...and then call OCI!” and he signed his name to this, too.

http://leasingnews.org/PDF/communitytimesfeb.pdf

Without seeing the actual loans, it is difficult to relate the message above with the bank failures, particularly in commercial and industrial charge offs, particularly knowing the 2011 year-end showed a $11.2 million loss for this small bank going from a $11.1 million equity in 2009 to $1 million by March 31, 2012, with non-current loans $21.2 million 2010; $11.2 million 2011; three months in 2012 $8.2 million.

(in millions, unless otherwise)

Net Equity
2006 $6.5
2007 $9.0
2008 $9.3
2009 $11.1
2010 $8.6
2011 $1.6
3/31 $1.0

Profit
2006 $517,000
2007 $1.5
2008 $2.7
2009 $1.1
2010 -$905,000
2011 -$7.0
3/31 -$573,000

Non-Current Loans
2006 $2.6
2007 $2.9
2008 $3.6
2009 $5.6
2010 $21.2
2011 $11.2
3/31 $8.2

Charge Offs
2006 $1.4 ($1.1 commercial and industrial loans, $211,000 other loans, $1-4 family, $28,000, etc.)
2007 $291,000 ($210,000 other loans, $87,000 consumer loans, -$6,000 commercial)
2008 $923,000 ($732,000 commercial/industrial, $56,000 1-4 family, $71,000 other loans, $43,000
indiv.)
2009 $1.7 ($805,000 commercial/industrial, $544,000 nonfarm nonind., $353,000 farmland, $31,000 consum.)
2010 $2.1 ($822,000 1-4 family, $564,000 commercial industrial, $385,000 farmland, $327,000 nonfarm nonres., -$253,000 other loans)
2011 $7.3 ($6.4 commercial industrial, $920,000 farmland, $46,000 1-4 family, $19,000 indiv.)
3/31 -$39,000 (-$35,000 1-4 family, -$12,000 commercial industrial, $8,000 loans to indiv.)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm, Non-Residential loans.

As of March 31, 2012, First Capital Bank had approximately $46.1 million in total assets and $44.8 million in total deposits. F & M Bank will pay the FDIC a premium of 7.65 percent to assume all of the deposits of First Capital Bank. In addition to assuming all of the deposits of the failed bank, F & M Bank agreed to purchase approximately $40.7 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.6 million
http://www.fdic.gov/news/news/press/2012/pr12064.html


The two branches of Carolina Federal Savings Bank, Charleston, South Carolina were closed with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits. Founded August 22, 1960, there were 16 full time employees March 31, 2012 at their offices in Charleston and Mount Pleasant. In 2006, they had 31 full-time employees.


Certainly property values as well as both 1st and 2nd mortgage charge offs played a major roll in this banks value. Net equity went from $6.2 million to $1.1 million by year-end 2012, as well as the bank lost $2.5 million the same year end as non-current loans remained high in March 31, 2012 at $7.3 million


In six years they cut full time employees almost in half to 16 by March 31, 2012 as well as trying to collect loans as well as handling charge offs.

Tier 1 risk-based capital ratio 2.80%.

(in millions, unless otherwise)

Net Equity
2006 $6.2
2007 $5.8
2008 $5.6
2009 $4.7
2010 $3.5
2011 $1.1
3/31 $1.1

Profit
2006 $3,000
2007 -$343,000
2008 -$243,000
2009 -$931,000
2010 -$1.1
2011 -$2.5
3/31 $30,000

Non-Current Loans
2006 $1.2
2007 $732,000
2008 $1.4
2009 $5.3
2010 $9.2
2011 $7.3
3/31 $7.3

Charge Offs
2006 $159,000 ($151,000 1-4 family residential properties, $18,000 loans to individuals, $1,000 commercial)
2007 $184,000 ($148,000 1-4 family, $36,000 loans to individuals)
2008 $18,000 ($14,000 loans to individuals, $4,000 commercial and industrial)
2009 $17,000 ($15,000 individuals, $4,000 construction/dev, -$2,000 1-4 family)
2010 $989,000 ($877,000 1-4 family, $64,000 construction, $35,000 commercial, $13,000 consumer)
2011 $1.8 ($1.3 1-4 family homes, $75,000 nonfarm nonrs., $40,000 commerce, $13,000 multifamily, $12,000 consumer
3/31 $12,000 ($14,000 1-4 family homes, -$1,000 commercial, -$1,000 consumer)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of March 31, 2012, Carolina Federal Savings Bank had approximately $54.4 million in total assets and $53.1 million in total deposits. In addition to assuming all of the deposits of the failed bank, Bank of North Carolina agreed to purchase approximately $41.0 million of the assets. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $15.2 million.
http://www.fdic.gov/news/news/press/2012/pr12065.html


The two branches of Farmers' and Traders' State Bank, Shabbona, Illinois were closed with First State Bank, Mendota, Illinois, to assume all of the deposits. Founded August 5, 1905 as of March 31, 2012 they had 12 full time employees at their offices in Shabbona and Waterman.

Shabbona is a village, which "...takes its name from the Potawatomi chief and peacemaker Shabbona. Chief Shabbona traveled through the Fox Valley warning the white people about the approaching war Black Hawk was going to wage. He was hailed as the "Whiteman's Friend". When Shabbona was in Kansas visiting relatives, his land was appropriated. 2000 census shows 929 people."
http://en.wikipedia.org/wiki/Shabbona,_Illinois

Lake Shabbona is nearby with reported great bass fishing.


Chicago is to the East, a one hour twenty minute drive and Springfield to the south, almost a three hour drive, according to Google.

Records shows there has not be much single family homes built, as well as home sales have been down.

http://www.city-data.com/city/Shabbona-Illinois.html

It is difficult to understand why this long time bank has so many construction and land development loan charge offs, especially in the big hit in 2011. There is certainly more to the story of this bank's demise.

Charge Offs
2006 -$4,000 (-$3,000 commercial/industrial, -$1,000 individual)
2007 $35,000 ($20,000 individuals, $15,000 commercial/industrial)
2008 $16,000 ($16,000 individuals)
2009 $110,000 ($100,000 construction/land development, $10,000 individuals)
2010 $55,000 ($29,000 commercial and industrial loans, $26,000 individuals)
2011 $1.6 ($1.1 construction/land, $413,000 commercial/industrial, $31,000 individuals)
3/31 $1.3 ($629,000 construction/land, $634,000 other loans, $297,000 1-4 family, $14,000 individual, $12,000 commercial/industrial)

Tier 1 risk-based capital ratio 2.38%

(in millions, unless otherwise)

Net Equity
2006 $4.7
2007 $4.9
2008 $5.0
2009 $4.9
2010 $5.2
2011 $1.3
3/31 $577,000amaw Ban

Profit
2006 $32,000
2007 -$197,000
2008 $35,000
2009 -$196,000
2010 $576,000
2011 -$1.3
3/31 -$782,000

Non-Current Loans
2006 $45,000
2007 0
2008 $9,000
2009 $1.3
2010 $1.2
2011 $7.7
3/31 $7.7

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of March 31, 2012, Farmers and Traders State Bank had approximately $43.1 million in total assets and $42.3 million in total deposits. In addition to assuming all of the deposits, First State Bank agreed to purchase essentially all of the failed bank's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $8.9 million.
http://www.fdic.gov/news/news/press/2012/pr12066.htm

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

Why Choose Advanced Property Tax Compliance?

Dedicated to the leasing industry
click here to learn more.

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Gary DiLillo, President 440.871.0555 or gary@avptc.com



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If you have a Google or Yahoo email, this may not be of interest to you. However, if you have a company or internet program that requires you to be on your own computer, or if you want remove support for IPads, Macs, Smartphones, and other digital devices, you may be interested in a free program. You can also access your computer with this free account:

https://secure.logmein.com/welcome/freeremotecontrolb/

 

 


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LinkedIn Advice on Passwords

Make sure you update your password on LinkedIn (and any site that you visit on the Web) at least once every few months.
(Most of us will never do this, until we are hacked.)

Do not use the same password for multiple sites or accounts.
(I have many multiple passwords, as well as do not save any passwords or let the computer do so. I keep them in a "flash stick" as well have them printed out should the "flash stick" fail

(it happened to me once, and won't forget that.) I have heard from many readers about their email address book being hacked and reports of intrusions. Don't save passwords at sites, have many multiple passwords, even though it is a big hassle. )

Create a strong password for your account, one that includes letters, numbers, and other characters.
( I go to Google, create passwords, and they have web site programs that create these to the security situation choose. I use these on all financial and sites I consider very important. I know a hacker can get in anywhere, but the more difficult, it will keep the amateurs out, is my thinking.)

Watch out for phishing emails and spam emails requesting personal or sensitive information.
(Most of the tricks are very obvious, so be very careful in what you open. As well as have an up-dated anti-virus/malware program.)

Kit Menkin




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Top Stories June 4---June 8


Here are the top ten sorties opened by readers:

(1) Bulletin Board Complaint
New Leaf Funding Corporation, Maitland, Florida
http://leasingnews.org/archives/Jun2012/6_06.htm#complaint

(2) Law Firm Stings Banks and Leasing Companies
http://leasingnews.org/archives/Jun2012/6_04.htm#law

(3) Leasing 102 by Mr. Terry Winders, CLP
Rate Charts”
http://leasingnews.org/archives/Jun2012/6_04.htm#charts

(4) Disguised Sale/Leasebacks---Another Teachable Moment
by Bernie Boettigheimer, CLP, President, Lease Police
http://leasingnews.org/archives/Jun2012/6_06.htm#leasebacks

(5) Fin Pac Now Accepting Leases in Canada
http://leasingnews.org/archives/Jun2012/6_04.htm#finpac

(6) Mag Capital Joins "Funder List A"
plus "Funders Looking for New Broker List"
http://leasingnews.org/archives/Jun2012/6_08.htm#mag

(7) New Hires---Promotions
http://leasingnews.org/archives/Jun2012/6_08.htm#hires

(Tie) (8) Archives, June 8, 2000
(And you think times are tough in 2012?)
http://leasingnews.org/archives/Jun2012/6_08.htm#archives

(Tie) (8) LEAP Financial Suspending Consumer Lease Originations
http://www.marketwatch.com/story/leap-financial-announces-it-is-suspending-lease-originations2012-06-07

(9) Sheldon Player: Where is He?
http://leasingnews.org/archives/Jun2012/6_06.htm#player

(10) Top Leasing Web Sites---Updated
http://leasingnews.org/archives/Jun2012/6_08.htm#sites


 

Send Leasing News to a colleague.
Ask them to subscribe. We are Free!!


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Labrador Retriever Mix
Fishers, Indiana Adopt-a-Dog

Prim

ID#: 4613465-1205134D
Breed: Labrador Retriever Mix
Sex: Female
Color: Tan/Yellow/Fawn
Age: Two Years
Size: Med. 26-60 lbs (12-27 kg)

"I am housetrained, up to date with shots, and good with dogs."

"Prim is a total sweetheart. She gets along great with other dogs and is wonderfully fond of humans. She is a very good girl that would make anyone a terrific pet. She is roughly two years old and weighs right around 40 pounds, so she's a very good size. "

Prim's adoption fee is $150 and includes spay, vaccines, well visit, and microchip.

If you are interested in adopting an ARPO pet, please complete this Pre-Qualification Form and email it to adoptions@adoptarpo.org.

http://leasingnews.org/PDF/PreQualificationForm.pdf

Rescue Group: Alliance for Responsible Pet Ownership, Inc.
Pet ID #: 4613465-1205134D
Phone: (317) 774-8292
Let 'em know you saw "Prim" on Adopt-a-Pet.com!
E-mail: adoptions@adoptarpo.org
Website: http://www.adoptarpo.org
Address: P. O. Box 6385
Fishers, IN
6038

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

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




News Briefs----


Asian Stocks Rally on Spain Bailout Plan
http://www.nytimes.com/2012/06/12/business/daily-stock-market-activity.html?ref=business

'Once' in a lifetime night at 2012 Tony Awards; 'Clybourne Park' wins best play http://www.chicagotribune.com/entertainment/theater/theaterloop/ct-ent-0611-tony-awards-20120611,0,5017226.column

How Lindsay Lohan's Porsche protected her in crash
http://content.usatoday.com/communities/driveon/post/2012/06/how-lindsay-lohans-porsche-protected-her-in-crash/1

Zynga's 'FarmVille' Continues to Defy Expectations
http://business-news.thestreet.com/mercury-news/story/obrien-zyngas-farmville-continues-defy-expectations/1

John Kenny Receivables Management

End of Lease Negotiations & Enforcement

Fraud Investigations
Credit Investigations Asset Searches
Skip-tracing Third-party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

 

 




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You May Have Missed---

The Moral Diet
http://www.nytimes.com/2012/06/08/opinion/brooks-the-moral-diet.html?ref=davidbrooks




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SparkPeople--Live Healthier and Longer



''11 Lessons I Learned After 1 Year on SparkPeople''
http://www.sparkpeople.com/resource/motivation_articles.asp?id=1272

 


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Sports Briefs----

First Chinese Win on Tour Comes in L.P.G.A. Major
http://www.nytimes.com/2012/06/11/sports/golf/chinas-shanshan-feng-wins-lpga-championship.html?_r=1&ref=sports


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Baseball Poem

 

Baseball Riddle
All professional
Leagues forbid its
Use.
Made to be
Indestructible.
Never cracks.
Unfilled inside the
Middle.

Baseball's
Attempt to save
Trees.

Written by “ Dan Zamudio”
Printed in “Catcher in the Wry,”
Baseball Poem
McFarland and Company

 

 

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California Nuts Briefs---


Caltrain moves from doom to boom, but forecast could get gloomy
http://www.contracostatimes.com/top-stories/ci_20826777/caltrain-moves-from-doom-boom-but-forecast-could

102nd Dipsea full of sun and smiles as Greenbrae's Schmid, 72, becomes oldest winner in history
http://www.marinij.com/sausalito/ci_20827091/102nd-dipsea-full-sun-and-smiles-greenbraes-schmid

Amazon looks for sales-tax windfall from warehouses in 2 California cities
http://www.sacbee.com/2012/06/10/4548885/amazon-looks-for-sales-tax-windfall.html



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“Gimme that Wine”

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


Open door for gay wine tourists
http://www.pressdemocrat.com/article/20120610/LIFESTYLE/120609637/1350?Title=Open-door-for-gay-wine-tourists

Bypassing the Grape but Enjoying Its Fruits
http://www.nytimes.com/2012/06/10/business/wine-business-bypasses-the-grapevine-but-enjoys-its-fruits.html?ref=dining


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

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This Day in History

      1517 - Sir Thomas Pert reached Hudson Bay.
    1742 -- Benjamin Franklin invents his Franklin stove. The new stove and reconfiguration of the flues allowed for a more efficient fire, one that used one quarter as much wood and generated twice as much heat. When offered a patent for the fireplace's design, Benjamin Franklin turned it down. He did not want to make a profit. He wanted all people to benefit from his invention.
http://inventors.about.com/od/fstartinventors/ss/Franklin_invent_2.htm
    1769- Birthday of Anne Newport Royall, a celebrated figure in the Jackson Era and for a decade or so after. She wrote several "travel books" -- accounts of places and encounters with famous, unknown and infamous people. Often shrill and relentless in her criticisms. Many, if not all, of her books were published "for the author", and as she went around the country collecting interviews, and notes on whatever she saw, she collected subscriptions for forthcoming books, and sold already published books out of a trunk she always brought with her. Her first book, Sketches of History, Life, and Manners, in the United States, "by a traveler", was published in 1826, printed in New Haven, CT. This, and a series called the Black Book, vols 1, 2, and 3, sold well, and made Anne Royall widely known over the next few years. She was born in Baltimore, but spent her early years (til about age 13), in extreme poverty, on what was then the edge of the frontier -- western Pennsylvania. Savage raids by British and Tory-led Indians led Anne Royall's mother to flee back east, along with other settlers. On May 4, 1798, Anne married William Royall. She had been living in his house for ten years, and rumors would follow her that they had been on intimate terms for some years before the marriage. Anne was 28 then, and the Major was in his middle 50s.http://www.positiveatheism.org/hist/quotes/royall.htm
http://www.loc.gov/loc/lcib/0001/royall.html
http://www.earlyrepublic.net/BIOG-R.htm
http://www.amazon.com/exec/obidos/ASIN/0899501338/inktomi-bkasin-20/
103-2488497-6059853

    1776 - A committee to draft the document of Independence met. John Adams, Benjamin Franklin, Robert Livingston, Roger Sherman and Thomas Jefferson were the members. They immediately delegated the writing to Adams and Jefferson, and Adams gave it over to Jefferson.
    1829 --The Book of Mormon is published. Joseph Smith claims to have translated it from "Reformed Egyptian" with the aid of the angel Moroni & 2 magic stones (Urim & Thummim).
    1832- Lucy Pickens birthday; noted Confederate hostess whose likeness was engraved on the $100 bill of the Confederacy. Lucy Pickens was the first woman to appear on the Confederate Note, and the first woman to appear on a US Note was Martha Washington on the 1886-91 One Dollar Silver Certificate.
http://www.currencygallery.org/vignettes/pickens.htm
http://www.tsha.utexas.edu/handbook/online/articles/view/PP/fpi2.html
    1842 - A late season snowstorm struck New England. Snow fell during the morning and early afternoon, accumulating to a depth of ten to twelve inches at Irasburg, VT. Berlin NH was blanketed with eleven inches of snow during the day. Snow whitened the higher peaks of the Appalachians as far south as Maryland.
    1854-In less than four hours, the First San Francisco Vigilance Committee tries, convicts, & hangs their first victim, John Jenks, for stealing a safe in San Francisco, California.
    1859 - Comstock silver load was discovered near Virginia City, Nevada. Prospector James Finney stumbled across thick, bluish clay in western Nevada. A fellow minor, Henry Comstock, gave his name to the lode, the most lucrative silver ore mine in history. Ott’s Assay Office in Nevada City, Ca., first assayed samples of the rich Comstock Lode of Nevada. Four Irishmen known as the Bonanza Kings bought up shares in the Comstack mines and became rich. They were John Mackay, James Fair, James Flood, and William O’Brian. Ore from the Comstock lode was hauled by horse-drawn wagon over Donner Pass to SF.
    1862 - C.S.S. Virginia blown up by her crew off Craney Island to avoid capture. The fall of Norfolk to Union forces denied Virginia her base, and when it was discovered that she drew too much water to be brought up the James River, Flag Officer Tattnall ordered the celebrated ironclad's destruction. "Thus perished the Virginia," Tattnall wrote, "and with her many high-flown hopes of naval supremacy and success." For the Union, the end of Virginia not only removed the formidable threat to the large base at Fort Monroe, but gave Flag Officer Gold borough’s fleet free passage up the James River as far as Drewry's Bluff, a factor which was to save the Peninsular Campaign from probable disaster.
    1877 - The temperature at Los Angeles, CA, reached 112 degrees during a heat wave. It would have been the all-time record for Los Angeles but official records did not begin until twenty days later.
    1880- Birthday of Jeannette Rankin, first woman elected to the US Congress, a reformer, feminist and pacifist, was born at Missoula, MT. She was the only member of Congress to vote against a declaration of war against Japan in December 1941. Died May 18, 1973, at Carmel, CA. 
http://www.greatwomen.org/women.php?action=viewone&id=121
http://www.angelfire.com/anime2/100import/rankin.html
http://www.rankinfoundation.org/
http://www.spartacus.schoolnet.co.uk/USArankin.htm
    1883- Charlotte Eugenia Hawkins Brown birthday; first Black woman honored by North Carolina with a state historic site. Her Palmer Memorial Institute at Sedalia, a school for Black children, taught not only academics but manners, morals, and ethics.
http://www.ah.dcr.state.nc.us/sections/hs/chb/chb.htm
http://www.ah.dcr.state.nc.us/sections/hs/chb/civic-life.htm
    1895 -- Charles E. Duryea receives the first U.S. patent granted to an American inventor for a gasoline-driven automobile.
    1899--Birthday of American composer George Frederick McKay,born, Harrington, WA.
Died October, 1970,Stateline, NV. At one point in the 1950’s possibly the most published of serious American composers, McKay’s works include 70 orchestra pieces, several string quartets, many published band works, and a great variety of chamber works, including national prize-winning pieces in the area of harp, piano, and woodwinds. Identified closely with the use of multi-cultural folk themes, including Native American songs and dances. Author of books on Orchestration and Harmony
    1904-Singer-pianist Pinetop Smith, born Troy, Alabama. One of my fathers favorites as he had a collection of 78’s he would play all the time, along with folksingers “Leadbelly” and Pete Seeger, among others, including classical music. Some of the things I remember most about my father was his cigar smoking, poker playing, discussions about writers and plots, and sitting with him when I was four years old ( and older ) and listening to his music. My father and I were very close. When I hear music like Pinetop Smith, I always think of him
http://www.heptune.com/pinetops.html
http://www.colindavey.com/BoogieWoogie/articles/ofamart.htm
    1910- Jacques Cousteau was born, French undersea explorer, writer and filmmaker born at St. Andre-de-Cubzac, France. He invented the Aqualung, which allowed him and his colleagues to produce more than 80 documentary films about undersea life, two of which won Oscars. This scientist and explorer was awarded the French Legion of Honor for his work in the Resistance in WWII. He died June 25, 1997, at Paris, France.
    1913- Vincent Thomas (Vince) Lombardi, Pro Football Hall of Fame coach, born at New York, NY. Lombardi played football for Fordham’s famed “Seven Blocks of Granite” line in the mid-1930s, became a teacher and began to coach high school football. He became offensive line coach at West Point in 1949 and moved to the New York Giants in 1954. Five years later, he was named head coach of the Green Bay Packers. His Packers won five NFL titles and two Super Bowls in nine years, and Lombardi was generally regarded as the greatest coach and the finest motivator in pro football history. He retired in 1968, but was lured back into coaching the Washington Redskins a year later. Inducted into the Pro Football hall of Fame in 1971. Died at Washington, DC, Sept 3, 1970.
    1913--In the Philippines, US Gen."Black Jack" Pershing orders an attack on the Moros in Bud Bagsak, who refused to pay taxes to the Philippine government.500 Moro built a stone fort during the first months of 1913, at Bud Bagsak. Today the American military attacked. John Browning, inventor of the Colt 0.45 pistol tested his new pistol here. After four days, armed mostly with kris, barongs, spears & few guns, every warrior, woman, & child fell. 
http://www.msc.edu.ph/centennial/hero/armm/page10.html
    1919- Sir Barton, a three year old, became the first horse to win the Triple Crown at the Belmont Stakes, Elmont Park, NY. The rider in all three races was J.Loftus, making him the first jockey to win the Triple Crown. Sir Barton pulled away from the only two other horses in the race coming down the stretch and won the 1-3/8th mile race in 2:17.2, an American record.
    1920-birday of pianist/organist Hazel Scott, Port of Spain, Trinidad
http://alevy.com/hazel.htm
    1920—Birthday of jazz drummer Shelly Manne , who had his own jazz club, played at the Lighthouse in Hermosa Beach, and made the great album with Andrew Previn and crew: “My Fair Lady.”
A remarkable, entertaining drummer in the 1950’s and 1960’s.
http://musicbase.h1.ru/PPB/ppb4/Bio_463.htm
http://www.drummerworld.com/drummers/Shelly_Manne.html
http://www.counterpoint-music.com/Catalogues/Jazz/jazz.m/shelly/
    1922 -- Robert Flaherty's silent documentary "Nanook of the North" opens. 
http://www.imdb.com/title/tt0013427/
    1925-Birthday of American author William Styron Newport News, Virginia. Wrote Sophie's Choice, Confusions of Nat Turner, among others, including many important essays. He died on November 1st, 2006. He was 81 years old.
http://www.pbs.org/wnet/americanmasters/database/styron_w.html
    1927-“Lucky” Lindbergh receives the first “Distinguished Flying Cross.”
http://memory.loc.gov/ammem/today/jun11.html
    1926 -- First 40-hour work week in the country, won by NY fur workers.
    1927 Babe Ruth hits 19th & 20th of 60 Home Runs
    1929-birthday of alto sax player Lennie Niehaus, St. Louis, Mo.
    1934--Birthday of James (Pookie) Hudson, lead singer of the 1950's doo-wop group, the Spaniels.
    1937-Birthday of Amalya Lyle Kearse - U.S. attorney, judge of the U.S. Court of Appeals (2nd Cir.) 1979-, champion bridge player, and writer about bridge.
    1938-Johnny Vander Meer of the Cincinnati Reds pitched a no-hitter against the Boston Braves, winning 2-0. Vander Meer returned to the mound four days later and no-hit the Brooklyn Dodgers, 6-0, to complete the only consecutive no-hitter in baseball history.
    1939- Birthday of country singer Wilma Burgess; and jazz-rock drummer Bernard (Pretty) Purdie.
    1940-birthday of singer Joey Dee ( Joseph H. Dinicola ), Passaic, NY. He rose to fame as part of the twist craze in the early 1960's, was born in Passaic, New Jersey. He and his band, the Starlighters, gyrated to the top of the charts in 1961 with "Peppermint Twist." It was a tribute to the Peppermint Lounge, a small New York club frequented by the city's socialites. Three members of the Starlighters - Felix Cavaliere, Gene Cornish and Eddie Brigati - later were part of the Young Rascals. And Jimi Hendrix is said to have played briefly with the Starlighters in 1966.
http://corks_oldies.tripod.com/index-joeyd.htm 
http://www.marstalent.com/bio_joey_dee.htm 
    1942 - No. 1 Billboard Pop Hit: ``Tangerine,'' Jimmy Dorsey Orchestra.
    1943- The Northwest African Air Forces of the Anglo-American Command won the first land victory without infantry after dropping 6,200 tons of bombs in more than 5,000 sorties on the Italian fortress on the island of Pantelleria in the Mediterranean Sea, 70 miles southwest of Sicily, changing forever the use of air power in determining military victory.
    1944- Five days after the D-Day landing, the five Allied landing groups, made up of some 330'000 troops, link up in Normandy to form a single solid front across northwestern France. On 06 June 1944, after a year of meticulous planning conducted in complete secrecy by a joint Anglo-American staff, the largest combined sea, air, and land military operation in history began on the French coast in the Baie de la Seine. The Allied invasion force included three million men, 13'000 aircraft, 1200 warships, 2700 merchant ships, and 2500 landing craft. There were five Allied landing sites at Normandy, and by the evening of the first day, some 150'000 US, British, and Canadian troops were ashore, and the Allies held about two hundred square kilometers.
    1944--*COLE, ROBERT G. Medal of Honor
Rank and organization: Lieutenant Colonel, U.S. Army, 101st Airborne Division. Place and date: Near Carentan, France, 11 June 1944. Entered service at: San Antonio, Tex. Birth: Fort Sam Houston, Tex. G.O. No.: 79, 4 October 1944. Citation: For gallantry and intrepidity at the risk of his own life, above and beyond the call of duty on 11 June 1944, in France. Lt. Col. Cole was personally leading his battalion in forcing the last 4 bridges on the road to Carentan when his entire unit was suddenly pinned to the ground by intense and withering enemy rifle, machinegun, mortar, and artillery fire placed upon them from well-prepared and heavily fortified positions within 150 yards of the foremost elements. After the devastating and unceasing enemy fire had for over 1 hour prevented any move and inflicted numerous casualties, Lt. Col. Cole, observing this almost hopeless situation, courageously issued orders to assault the enemy positions with fixed bayonets. With utter disregard for his own safety and completely ignoring the enemy fire, he rose to his feet in front of his battalion and with drawn pistol shouted to his men to follow him in the assault. Catching up a fallen man's rifle and bayonet, he charged on and led the remnants of his battalion across the bullet-swept open ground and into the enemy position. His heroic and valiant action in so inspiring his men resulted in the complete establishment of our bridgehead across the Douve River. The cool fearlessness, personal bravery, and outstanding leadership displayed by Lt. Col. Cole reflect great credit upon himself and are worthy of the highest praise in the military service.
    1945--McCOOL, RICHARD MILES, Medal of Honor
Rank and organization: Lieutenant, U.S. Navy, U.S.S. LSC(L)(3) 122. Place and date: Off Okinawa, 10 and 11 June 1945. Entered service at: Oklahoma. Born: 4 January 1922, Tishomingo, Okla. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of the U.S.S. LSC(L)(3) 122 during operations against enemy Japanese forces in the Ryukyu chain, 10 and 11 June 1945. Sharply vigilant during hostile air raids against Allied ships on radar picket duty off Okinawa on 10 June, Lt. McCool aided materially in evacuating all survivors from a sinking destroyer which had sustained mortal damage under the devastating attacks. When his own craft was attacked simultaneously by 2 of the enemy's suicide squadron early in the evening of 11 June, he instantly hurled the full power of his gun batteries against the plunging aircraft, shooting down the first and damaging the second before it crashed his station in the conning tower and engulfed the immediate area in a mass of flames. Although suffering from shrapnel wounds and painful burns, he rallied his concussion-shocked crew and initiated vigorous firefighting measures and then proceeded to the rescue of several trapped in a blazing compartment, subsequently carrying 1 man to safety despite the excruciating pain of additional severe burns. Unmindful of all personal danger, he continued his efforts without respite until aid arrived from other ships and he was evacuated. By his staunch leadership, capable direction, and indomitable determination throughout the crisis, Lt. McCool saved the lives of many who otherwise might have perished and contributed materially to the saving of his ship for further combat service. His valiant spirit of self-sacrifice in the face of extreme peril sustains and enhances the highest traditions of the U.S. Naval Service.
    1949- Hank Williams made his debut on the Grand Ole Opry. His performance, with the audience demanding several encores of "Lovesick Blues," is still considered one of the Opry's greatest moments. The success of his recording of that song had led to the Opry contract, and he remained with the show until August 1952, when he was fired for perpetual drunkenness. Williams died on New Year's Day 1953 of a heart attack brought on by excessive drinking.
http://www.hankwilliams.com/
    1949- Drummer Frank Beard of the group ZZ Top. Incidentally, Beard is only unbearded member of 'The Top'.
http://www.lowpft.com/frank.html
http://www.johndouglas.com/zztop.html
    1949-- Hank Williams made his debut on the Grand Ole Opry. His performance, with the audience demanding several encores of "Lovesick Blues," is still considered one of the Opry's greatest moments. The success of his recording of that song had led to the Opry contract, and he remained with the show until August 1952, when he was fired for perpetual drunkenness. Williams died on New Year's Day 1953 of a heart attack brought on by excessive drinking.
    1950---Birthday of American composer David da Silva, California.
    1953-MIZE, OLA L. Medal of Honor
Rank and organization: Master Sergeant (then Sgt.), U.S. Army, Company K, 15th Infantry Regiment, 3d Infantry Division. Place and date: Near Surang-ni, Korea, 10 to 11 June 1953. Entered service at: Gadsden, Ala. Born: 28 August 1931, Marshall County, Ala. G.O. No.: 70, 24 September 1954. Citation: M/Sgt. Mize, a member of Company K, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. Company K was committed to the defense of "Outpost Harry", a strategically valuable position, when the enemy launched a heavy attack. Learning that a comrade on a friendly listening post had been wounded he moved through the intense barrage, accompanied by a medical aid man, and rescued the wounded soldier. On returning to the main position he established an effective defense system and inflicted heavy casualties against attacks from determined enemy assault forces which had penetrated into trenches within the outpost area. During his fearless actions he was blown down by artillery and grenade blasts 3 times but each time he dauntlessly returned to his position, tenaciously fighting and successfully repelling hostile attacks. When enemy onslaughts ceased he took his few men and moved from bunker to bunker, firing through apertures and throwing grenades at the foe, neutralizing their positions. When an enemy soldier stepped out behind a comrade, prepared to fire, M/Sgt. Mize killed him, saving the life of his fellow soldier. After rejoining the platoon, moving from man to man, distributing ammunition, and shouting words of encouragement he observed a friendly machine gun position overrun. He immediately fought his way to the position, killing 10 of the enemy and dispersing the remainder. Fighting back to the command post, and finding several friendly wounded there, he took a position to protect them. Later, securing a radio, he directed friendly artillery fire upon the attacking enemy's routes of approach. At dawn he helped regroup for a counterattack which successfully drove the enemy from the outpost. M/Sgt. Mize's valorous conduct and unflinching courage reflect lasting glory upon himself and uphold the noble traditions of the military service.
    1954---Top Hits
Little Things Mean a Lot - Kitty Kallen
Three Coins in the Fountain - The Four Aces
If You Love Me (Really Love Me) - Kay Starr
(Oh Baby Mine) I Get So Lonely - Johnnie & Jack
    1956- Joseph Clifford (Joe) Montana, Jr Birthday, born New Eagle, PA.
http://www.sfgate.com/sports/49ers/pages/1997/montana.shtml
    1959 -Postmaster General bans D.H. Lawrence's book, Lady Chatterley's Lover
    1961 - Roy Orbison was wrapping up a week at number one on the "Billboard" record chart with "Running Scared", his first number one hit. Orbison recorded 23 hits for the pop charts, but only one other song made it to number one: "Oh Pretty Woman" in 1964. He came close with a number two effort, "Crying", number four with "Dream Baby" and number five with "Mean Woman Blues". Orbison was inducted into the Rock and Roll Hall of Fame in 1987; but suffered a fatal heart attack just one year later.
    1961-Roger Maris hits 19th & 20th of 61 Home Runs
    1962---Top Hits
I Can’t Stop Loving You - Ray Charles
Lovers Who Wander - Dion
(The Man Who Shot) Liberty Valance - Gene Pitney
She Thinks I Still Care - George Jones
    1963 -Gov Wallace tries to prevent blacks registering at U of Alabama 
    1963-President John F. Kennedy says segregation is morally wrong and that it is "time to act.”
    1963 -- Dr. Martin Luther King, Jr. is arrested in Florida for trying to integrate restaurants. 
    1965 - No. 1 Billboard Pop Hit: ``Back in My Arms Again,'' The Supremes.
    1966 - Janis Joplin made her first onstage appearance -- at the Avalon ballroom here in San Francisco. She began her professional career at the age of 23 with Big Brother and The Holding Company. The group was a sensation at the Monterey Pop Festival in 1967. "Piece of My Heart" was the only hit to chart for the group in 1968. Big Brother and The Holding Company disbanded in 1972, though Joplin continued in a solo career with hits such as "Down on Me" and "Me and Bobby McGee". Janis ‘Pearl’ Joplin died of a heroin overdose in Hollywood in October, 1970. The movie "The Rose", starring Bette Midler, was inspired by the life of the rock star. In reality, she was high all the time on Southern Comfort and whatever.
    1966-The Rolling Stones had the top song in the US with "Paint It Black", the first #1 Pop single to feature a sitar on the recording. 
    1969-“Space Oddity”, a single recorded by David Bowie was released to coincide with Apollo II’s trip to the moon, during which Neil Armstrong and Edwin Aldrin,Jr., landed and walked on the surface of the moon. http://www.todomusica.org/david_bowie/disco8.shtml
    1970---Top Hits
Everything is Beautiful - Ray Stevens
Which Way You Goin’ Billy? - The Poppy Family
Up Around the Bend/Run Through the Jungle - Creedence Clearwater Revival
Hello Darlin’ - Conway Twitty
    1971-Nineteen-month occupation by Native American protesters of Alcatraz Island, in San Francisco Bay, ends.
    1972 - Hank Aaron of the Atlanta Braves tied (with Gil Hodges of the Giants) the National League record for the most grand-slam home runs in a career, with 14. The Braves beat the Philadelphia Phillies 15-3. 
    1972 - Heavy showers brought 1.64 inches of rain to Phoenix AZ, a record for the month of June.
    1972 -- The controversial 62-minute XXX-rated film, "Deep Throat", opens at the Mature World Theatre in New York City. Linda Lovelace starred, or, whatever...
    1976-Santana's ninth album, "Amigos", goes gold.
    1976-Wild Cherry's single "Play That Funky Music" is released.
    1977-Settle Slew, ridden by Jean Cruguet, became the 10th horse to win the Triple Corwn by triumphing in the Belmont Stakes. Slew led wire-to wire and defeated Run Dusty Run by four lengths.
    1978---Top Hits
You’re the One that I Want - John Travolta & Olivia Newton-John
Shadow Dancing - Andy Gibb
Feels So Good - Chuck Mangione
Georgia on My Mind - Willie Nelson
    1978- Salt Lake City, Utah, Joseph Freeman, Jr., became the first African-American to be ordained to the priesthood in the Latter Day Saints, Mormon religion.
    1979-- Chuck Berry pleaded guilty in Los Angeles to income tax evasion. The charge stemmed from a 1973 debt of $110,000. Berry began serving a four-month prison term in August at a federal prison in Lompoc, California.
    1981 - The first baseball player’s strike in major-league history began during mid-season after Seattle defeated Baltimore 8-2 at the Kingdome in Seattle. For two months, the nation’s favorite pastime was watching negotiations between the players’ union and team owners. 
    1982 - The movie "E.T.: The Extra-Terrestrial" opened. Steven Spielberg directed this classic. It dazzled audiences with state-of-the-art special effects and a touching, humorous, story line, grossing over $100 million in its first 31 days of theatrical release. 
    1985 - Von Hayes of the Philadelphia Phillies became the 21st player in major-league baseball history to hit a pair of home runs in one inning as he led the Phillies to a 26-7 cakewalk over the New York Mets. 
    1986---Top Hits
Live to Tell - Madonna
On My Own - Patti LaBelle & Michael McDonald
I Can’t Wait - Nu Shooz
Happy, Happy Birthday Baby - Ronnie Milsap
    1989 - Thunderstorms produced severe weather in the south central and southeastern U.S. during the day and night. Thunderstorms spawned eleven tornadoes, including one which tore the roof off a restaurant at Bee Branch, AR, injuring six persons. The tornado tossed one car into the restaurant and another car over it. Temperatures soared into the 90s across much of Florida. Lakeland reported a record high of 99 degrees for the second day in a row.
    1990 - UN appoints Olivia Newton-John environmental ambassador  
    1990- Nolan n pitches his 6th no-hitter beating Oakland, in the 9th he retires Ken Phelps, Rickey Henderson and Willie Randolph (all ex Yanks)
    1991- Microsoft releases MS DOS 5.0 
    1993- University of Alabama is desegregated. Facing federalized Alabama National Guard troops, Alabama Governor George Wallace ends his blockade of the University of Alabama in Tuscaloosa, and allows two Black students to enroll: Vivian Malone Jones and James A. Hood. In September of the same year, Wallace again attempted to block the desegregation of an Alabama public school — this time Tuskegee High School in Huntsville — but President Kennedy again employed his executive authority and federalized National Guard troops. On 10 September several Black students entered the public high school.
    1993 - U.S. audiences rumbled to theatres for a first look at Jurassic Park. The Steven Spielberg-directed dinosaur blockbuster billed a gigantic $47.06 million -- just for openers. 
    1993-The Ike and Tina Turner film biography "What's Love Got To Do With It", opens nationally.
    1995-IBM buys Lotus Development Corporation after a week of price negotiation. IBM had launched a hostile takeover attempt on 05 June 1995, and the two companies signed an agreement on June 11 to finalize the deal. Lotus had achieved great success with its spreadsheet, Lotus 1-2-3, and its enormously popular Lotus Notes software, which let workers on different computers collaborate on the same document. IBM's takeover of Lotus puts IBM head-to-head with Microsoft, which is about to launch a collaboration and networking software product called Microsoft Exchange. 
    1995-- Mark McGwire ties a major league record by hitting five homers in back-to-back games. Big Mac's three homers today in consecutive at-bats helps the A's defeat the Red Sox, 8-1.
    1996 - Republican Senator Bob Dole ended his Senate career (to make a run for the U.S. Presidency) with an emotional farewell speech before a packed Senate chamber. He had spent some 27 years as a U.S. Senator. His wit is often seen on television commercial these days and “60 Minutes” when he spars with ex-President Bill Clinton.
    1999 - "Austin Powers: The Spy Who Shagged Me" premiered at theatres across the U.S. Dr. Evil (played by Mike Myers) travels back to 1969 to steal Austin Powers’ (also played by Mike Myers) mojo. Powers (now “shagless”) must travel to ’69 to get his mojo back (can you dig it?). Big stars in the movie include the not-so-big Mini-Me (Verne Troyer), CIA agent Felicity Shagwell (Heather Graham), Basil Exposition (Michael York), Number Two (Robert Wagner), Young Number Two (Rob Lowe) and Fat Bastard (that Myers guy again). $54.92 mil the first weekend and grossed over $250 million. “Gold Member” was the third issue, and some consider, the best one to date. 
    2002—American Idol TV Premier. FOX’s phenomenally successful talent show as based on a British program. Talented singers compete for a major label record deal while being judged by a panel of highly critical music experts: Simon Cowell, Paula Abdul and Randy Jackson. The audience participates by phoning in votes for favorites. Ryan Seacrest hosts. The first “American Idol” was Kelly Clarkson, who has gone on to top charting success and Grammys.

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