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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

kitmenkin@leasingnews.org
   


Monday, June 8, 2015



Today's Equipment Leasing Headlines

Archives: June 8, 2005 IFC Credit Corporation
  Acquires Blue Dot Funding---Today: Trebels/Davin/Estok
Position Wanted –Credit
Work Remotely or Relocate for Right Opportunity
Top Ten Stories June 1 - June 5
(Most Often Opened by Readers)
Top 25 Most Influential Lawyers
in Equipment Finance and Leasing 
First American Equipment Makes it 40 CLFP's
Nine More Pass CLFP Exam
“Tips for a Telephone Interview”
Career Crossroad---By Emily Fitzpatrick/RII
Leasing Industry Ads---Help Wanted
One Remotely/One in Anaheim, California
Gary Souverein Purchases 3,650 Shares Chesswood Stock
C$9.80 per share at time, total value C$35,760.51
Brian Cove, COO, Commercial Finance Association
  Announces He is Leaving
Leasing 102 by Mr. Terry Winders, CLFP
Captive Lessor Private Label Leasing
Back Office Companies
   List Updated
Pro-Rata Guaranties of Lease
Reach Fair Decision Settlement

  by Tom McCurnin, Leasing News Legal Editor
The Alta Group Welcomes Back Paul W. Frechette
  Leaves Bank of the West
    Labrador Retriever
Denver, Colorado  Adopt-a-Dog
Sign in Grocery Store
  in California

News Briefs---
Co-Chief Executives of Deutsche Bank Resign
 To Be Replaced by former CFO Swiss Bank UBS
Restaurants among job growth leaders
Gain of 17,800 Jobs in April, Follows 8,900 job loss in March

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device

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######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.






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[headlines]

--------------------------------------------------------------


Archives, June 8, 2005 IFC Credit Corporation
Acquires Blue Dot Funding ---Today: Trebels/Davin/Estok

MORTON GROVE, Illinois, - IFC Credit Corporation, Morton Grove, Illinois has acquired the assets and business operations of Blue Dot Funding LLC, an Irvine, California-based equipment lessor.

Blue Dot Funding Corporation is the fourth company acquired by IFC Credit Corporation in as many years. Earlier, the company acquired Pioneer Capital Corporation, Addison, Texas, First Portland Corporation dba FirstCorp, Portland, Oregon and Spectrum Medical Leasing, Inc., Downers Grove, Illinois.

Rudolph D. Trebels, CLP, President and CEO of IFC Credit Corporation, commented: “The acquisition of Blue Dot Funding will help us to accelerate our market growth, and contribute toward achieving our corporate goal of producing $500 million in annual lease originations by 2009.”

IFC now has representatives located in or near key U.S. cities including Dallas, Boston, Portland, New York, Atlanta, Chicago, Los Angeles, Sacramento, Minneapolis and Tampa.

Trebels adds, “The addition of Blue Dot is an important strategic step for us because it provides us with a stronger presence in the Southern California market, adds small-ticket market share and leverages our vendor service capabilities.”

Terms of the acquisition were not disclosed.

Blue Dot Funding LLC was formed in 1999, and provides equipment leasing services to small and mid-size businesses referred to the company by equipment suppliers through formal vendor financing programs.

The group will operate as a regional office of IFC's FirstCorp vendor services division.

“Joining IFC represented an opportunity to expand and profit from increased capabilities,” stated Marcus Davin, President and founder of Blue Dot. “In order to continue our aggressive growth, we needed to join an organization that had a strong marketing and operations platform, and had significant excess funding capacity. IFC Credit provides us with what we need to expand beyond our current level of business.”

Also commenting, IFC's FirstCorp Division President John Estok emphasized the importance of the Blue Dot acquisition for IFC's long-term expansion plans. “Our strategy of cultivating close personal relationships with equipment vendors within targeted vertical and geographic markets will be significantly strengthened by this acquisition.”

IFC expects to continue to consider new acquisition opportunities that add long-term strategic value to the company, despite the reported potential loss of over 500 NorVergence leasing contracts the company purchased before the New Jersey Telecom company filed bankruptcy.

TODAY


July 27, 2009, IFC Credit files Chapter 7 with over $150 million
in claims, after many Leasing News Bulletin Board Complaints.
http://leasingnews.org/archives/July%202009/07-29-09.htm#IFC_Credit
http://www.leasingnews.org/Conscious-Top%20Stories/IFC_stories.htm


Rudy Trebels
No longer a CLP. Formed Wedgwood Investment Group dba Equipment
Leasing Group of America, Northfield, Illinois in 2009
LinkedIn


Marcus Davin
(Winning Newport Beach “Bike of the Month”
with his 1966 BMW R50/2)
June, 2005, formed Partners Capital Group, also operated Benchmark
Financial Groups, with nine complaints in Leasing News Bulletin Board
http://leasingnews.org/archives/Jan2011/1_06.htm#bench_complaint
NO complaints since January 6, 2011.
https://www.linkedin.com/pub/marcus-davin/15/a9/9a1



John Estok
Leasing Consultant
https://www.linkedin.com/pub/john-estok/23/91/4a1

 

(Please Click on Bulletin Board to learn more information)
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

[headlines]
--------------------------------------------------------------

Position Wanted –Credit
Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 

Will relocate for the right opportunity and can work remotely. I have (25+) years in making credit decisions, as well as helping sales team and third party originators close more transactions via understanding their applicant's financial abilities. I can create alternative or additional opportunities (and income) by knowing which type of loan is best for the borrower
aaacorrespondent@gmail.com

Orlando, Florida
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk. 
rpsteiner21@aol.com
 
407 430-3917



[headlines]
--------------------------------------------------------------

Top Ten Stories June 1-June 5
(Most Often Opened by Readers)

(1) 182 Bank Officers Plus Investigated by SIGTARP
   101 Convicted plus Sentenced to Prison
http://leasingnews.org/archives/Jun2015/6_01.htm#sigtarp

(2) Element Financial Tearing Up the US Market
Yes, Hudson is Here! And he has More Cash! by Christopher Menkin
http://leasingnews.org/archives/Jun2015/6_01.htm#element

(3) Leasing Companies and Individuals May Sue Internet Posting for Libel
  by Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Jun2015/6_03.htm#sue+

(4) Archives: June 5, 2002 Bleeding Continues---
 Centerpoint Financial Services Calls It “Quits”
http://leasingnews.org/archives/Jun2015/6_05.htm#archives

(5) Archives: June 3, 2004 -- No More Brokers
Colonial Pacific Leasing GE Capital
http://leasingnews.org/archives/Jun2015/6_03.htm#archives

(6) New Hires---Promotions in the Leasing Business and Related Industries
http://leasingnews.org/archives/Jun2015/6_05.htm#hires

(7) Leasing 102 by Mr. Terry Winders, CLFP
Interim Rent
http://leasingnews.org/archives/Jun2015/6_01.htm#interim

(8) Leasing Portals
  (Finance/Leasing Sites)
http://leasingnews.org/archives/Jun2015/6_03.htm#portals

(9) Think you drink a lot? This chart will tell you. Where Are You in the Findings?
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/09/25/think-you-drink-a-lot-this-chart-will-tell-you/?tid=hybrid_experimentrandom_1_na

(10) Capital One Credit Card Agreement Allows it
  to Personally Visit Borrower’s Home or Employment!
  By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Jun2015/6_01.htm#capital

 


[headlines]
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Top 25 Most Influential Lawyers
in Equipment Finance and Leasing

Leasing News is looking for nominations for the Top 25 most preeminent lawyers in the finance and leasing business who are still active. This is not a popularity contest or who was the most beneficial, but most influential. We would like a nomination and a minimum of a paragraph of the reasons you consider this person one of the top 25.  Please don't send us a "CV," as we are after your opinion, not a biography which are easily available on LinkedIn.

"Influential" as "a person whose actions and opinions strongly influence the course of events." "Preeminent" is "eminent above or before others; superior; surpassing:" {Online Dictionary}

When the list exceeds 25, there will be a point when the top 25 on the list will be finalized. Nominations will appear in two parts: New Nominations/The Top List to Date (alphabetical) Again, this is not a popularity contest and those making the nomination will not be named. Internet Netiquette to be followed.

Our Legal Editor, Tom McCurnin has recused himself from any nominations.

email nominations to kitmenkin@leasingnews.org

 

[headlines]
--------------------------------------------------------------


First American Equipment Makes it 40 CLFP's
Nine More Pass CLFP Exam

The Certified Lease & Financial Professional (CLFP) Foundation announces nine individuals from First American Equipment Finance, Fairpoint, New York(a wholly owned subsidiary of Los Angeles, California-based City National Bank), who sat through the eight hour CLFP exam, passed.  It now brings the total to 40 CLFP's at First American Equipment Finance.*

The nine who passed:


Nick Baxter, CLFP
Assistant Vice President


Déva Brooks, CLFP
Vice President
Bank Support Division


Andrew Eller, CLFP
Assistant Vice President
Finance


Dustin Hilton, CLFP
Assistant Vice President
Enterprise Business Division


Ashtyn Mohanlall, CLFP
Portfolio Officer


Tom Nairn, CLFP
Assistant Vice President
Project Manager


David Neighbour, CLFP
Senior Vice President
Enterprise Business Division


Phil Palermo, CLFP
Vice President, Education Division


Christopher Schmelz, CLFP
Assistant Vice President
Project Manager

The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 250 Certified Lease & Finance Professionals and Associates throughout the world.

“I chose to pursue the CLFP designation because I strongly believe that building and refining professional skill sets are vital to becoming a better leasing professional,” said Mr. Nairn. CLFP, Assistant Vice President, Project Manager. “The CLFP designation allows me to broaden my scope of knowledge regarding the lease and finance industry, and First American has always encouraged and supported our colleagues who look to gain more knowledge.

"I am very thankful to my company and colleagues for all of their support."

The next Academy for Lease & Finance Professionals, with an exam for those who think they are ready, is sold out with 19 attending at Ascentium Capital, Kingwood, Texas starting June 18, 2015.

You can be sure there will be more individuals from First American Equipment Finance as the next open exam will be hosted by them. All of the mandatory sections of the exam, as well as three of the elective sections, are covered in-depth during the first two days. On the third day, the exam is offered, but is not mandatory.


New York - August 13-15
Hosted by First American Equipment Finance, Fairpoint, New York http://www.clfpfoundation.org/Resources/Documents/
ALFP%20Northeast%202015.pdf

Midwest (Iowa) - November 5-7
Hosted by GreatAmerica Financial Services, Cedar Rapids, Iowa
http://www.clfpfoundation.org/Resources/Documents
/ALFP%20Northeast%202015.pdf

Companies with two or more foundation members

*
First American Equipment Finance 40
Financial Pacific Leasing 22
Allegiant Partners 11
Orion First Financial 8
ECS Financial Services 7
Arvest Equipment Finance 6
Ascentium Capital 5
Great American Insurance 5
Banc of California 4
Bank of the West 4
Maxim Commercial Capital LLC 4
Northland Capital 4
FSG Leasing 3
Innovative Lease Services 3
LeaseTeam Inc. 3
Pacifica Capital 3
Alliance Funding Group 2
BSB Leasing 2
Canon Financial Services 2
Finance Capital 2
GreatAmerica Financial Services 2
Huntington Equipment Finance 1
Padco Financial Services 2
Pinnacle Business Finance 2
Portfolio Financial Servicing Company 2
Providence Capital Funding, Inc. 2
TEQlease 2

To register for any ALFP, or request one at your place of business,
please contact: Reid Raykovich, CLFP: reid@clfpfoundation.org or (206) 535-6281



(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

[headlines]
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“Tips for a Telephone Interview”
Career Crossroad---By Emily Fitzpatrick/RII

 

Question: I have a phone interview scheduled---Can you give me any tips?

Answer: Phone interviews, in reality, are sometimes more difficult than face-to-face interviews as it is difficult to “read” the interviewer’s reactions to your questions and answers. The best way to prepare for the phone interview is to do your homework:

  1. Research the company: go to their web site, companies in   LinkedIn search, as well as employees to see if you may know to call.
  2. Find out who will be in on the call and research, search “people” in LinkedIn.com or “company.” See if you have any commonalities e.g. previous employers, college, interests.
  3. Make sure you understand the qualifications required for the role and be able to relate your background to each requirement
  4. Develop some questions regarding the company as whole and other job-specific questions – NEVER discuss salary unless the interviewer brings up the topic
  5. Make sure you have your resume and job description in front of you during the interview
  6. After completion of the interview, ask about next steps (e.g. a face-to-face interview).

    Most importantly, relax and make the phone interview a two-way conversation, don’t do all the talking.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

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

 

[headlines]
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Leasing Industry Help Wanted
One Remotely/One in Anaheim, California



Documentation
Anaheim, CA


Financial Pacific Leasing’s Commercial team in Anaheim, CA is growing their Documentation/Funding group and looking for someone with an keen attention to detail and ready for the opportunity to work hard, learn and grow.

Please click here for more information.

www.finpac.com
A subsidiary of Umpqua Ban
k



For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.


[headlines]
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Gary Souverein Purchases 3,650 Shares Chesswood Stock
C$9.80 per share at time, total value C$35,760.51

Chesswood Group (TSE:CHW) Director Gary Souverein, President/COO at Pawnee Leasing Corporation, Fort Collins, Colorado, and former President at Windset Capital Corporation, Salt Lake City, Utah, bought 3,650 shares of the stock on the open market in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of C$9.80 per share, with a total value of C$35,760.51.

Souverein sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$9.50, for a total transaction of C$47,517.00.

Shares of Chesswood Group (TSE:CHW) traded up 0.65% during mid-day trading on Friday, hitting $12.37. His “paper” profit at the time was $12,850 from the purchase on June 3rd.

Chesswood Group Limited is a financial services company operating primarily in the specialty finance industry. Through the Company’s interest in Pawnee Leasing Corporation, Fort Collins, Colorado, the Company is involved in the business of micro and small-ticket equipment financing to small businesses in the start-up and C credit market in the lower 48 states of the United States.

Windset Capital Corporation, Salt Lake City, Colorado can provide businesses with at least two years of time-in-business with working capital loans up to $250,000, approved within one working day and funded within three business days, or less. 

Through its interest in Case Funding Inc., the Company is involved in the legal finance business in the United States. Through its interest in Sherway LP, the Company is involved in selling, servicing and leasing Acura automobiles in the Province of Ontario, and through its interest in Lease-Win Limited, the Company owns cars4U.com.

 

[headlines]
--------------------------------------------------------------

Brian Cove, COO, Commercial Finance Association
Announces He is Leaving

“At the end of this year, my 18 years with the CFA will draw to a close.  It has been an honor and a privilege to serve our members for these nearly two decades. I'm proud of the work we've done together, and gratified by the relationships I've had the good fortune to build with so many of you in this extraordinary industry. I will follow the progress of the CFA with great interest, and I look forward to reconnecting with my friends and colleagues in the future.”

He will be exploring other opportunities.

https://www.linkedin.com/in/briancove

 

[headlines]
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(Terry retired January 1, 2015.  To honor him and his many years of writing for readers of Leasing News, is repeating several of his columns that are still meaningful today. Here is July 9, 2013.)

Captive Lessor Private Label Leasing

One of the most unique ways to obtain leases is to become a leasing company that operates under the name of the vendor or the manufacturer. The lessee believes that they are dealing with the equipment supplier. To establish this private label leasing, you have many additional issues to consider.

To begin with the name on the lease agreement leads the lessee to believe they are dealing with the equipment supplier, so they think they can stop payments when the equipment stops. The lease agreements have to address the separation of the “hell or high water” obligation for payments from the responsibility for equipment performance. To that extent the “net lease” nature is important and needs to be in bold print. Lessors that are owned by the manufacturer must be separate corporations so the manufacturer can book the sale and the leasing company can book the full cost of the equipment. In addition, they have a major need to emphasize the net lease requirements. They also need to be licensed, such as required doing business in California (Now under the newly merged Department of Business Oversight).

Manufacturers or vendors that do not have the financial requirements to establish a financial services leasing company, but want to try to control their market and maintain contact with their customers, are excellent opportunities for private label leasing programs.

A private label leasing program must have an agreement with the manufacturer/vendor that sets out the requirements for interaction between the parties. I recommend it be constructed by a lease attorney. One of the most important discussions is credit qualifications. The vendors are going to push like hell to get each marginal credit approved and it will cause tension that will put a lot of pressure on the agreement.

Discussions should be held and covered in the agreement on recourse, limited recourse, remarketing support, and residual guarantees. If a recourse agreement is established each expense to recover the equipment and remarket it should define who pays for what. On residual guarantees or residual participations where excess funds are received agreements must spell out responsibilities, cost coverage and term requirements. The time it takes to remarket the equipment can lead to an increase in cost as there is no interest being paid on invested funds.

Rates must be discussed and occasionally a blind discount can be arranged to provide low cost funds to support inventory reductions or special sales promotions.

It is often requested that the manufacturer/vendor wants a piece of the action in the form of a participation in the margin. If you offer this, realize that your rates must go up and it may price you out of the market and place pressure on the sales staff of the vendors to accept competitor’s offers. If you allow participation then you should have some loss participation. This can be arranged by retaining the participation to build a loss reserve and release a percentage of the reserve on a yearly basis.

There are a lot of issues to make a private label program work, including accounting as well as servicing by the entity itself or a “back office” company (There are also many funders who offer this). It can be a very successful way to maintain volume if you work at it and have constant contact with all levels of management.

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

 

[headlines]
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Back Office Companies
List Updated

Advance Property Tax Compliance Group 88 Systems, Inc.  
Barrett Management Corp. Haws Consulting Group Phoenix Leasing Portfolio Srvcs., Inc.
Bank of the West JDR Solutions Portfolio Financial Servicing Co.
ECS Financial Services Lease Broker Assistant, LLC LeaseDimensions, Inc.
RPC Property Tax Advisors, LLC Madison Capital, LLC
GreatAmerica Portfolio 
Services Group LLC
Orion First Financial, LLC

Full List:
http://www.leasingnews.org/Ag_leasing/backoffice.htm

Classified Ad List:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm#sec3

 

 

[headlines]
--------------------------------------------------------------


Pro-Rata Guaranties of Lease
Reach Fair Decision Settlement
by Tom McCurnin
Leasing News Legal Editor

Guaranties Need to Be Specific To Be Enforceable

Telerent Leasing v Progressive Medical Imaging  2013 WL 228087 (U.S. Dist. Court E.D. Mich. 2013).

Deals over several million dollars with guaranties of the principals often have to be equitably divided up, because no single guarantor wants to be tagged for more than his or her fair share. The question is how does one wordsmith a divisible guaranty. Typically, in banking the guaranty will be expressed in terms of a percentage of the “indebtedness” which in turn is defined as all principal, interest, late charges, and attorney fees and costs. In today’s case, the Lessor used some ambiguous language which had to be resolved by a District Court Judge. While the Court did not reach the amount advanced by the Lessor, it did reach a fair division of the liability. The facts follow.

Phillips Medical Capital leased radiology equipment to Progressive Medical Imaging in Saginaw, Michigan in 2005. Two years later, the seven principals of Progressive signed guaranties of the obligation. The guaranties provided that each guarantor’s liability “shall not exceed...twenty percent (20%) of the amount funded by the Lessor in the aggregate in connection with the Master Lease schedules.” 

Phillips assigned the lease to IBM, which, in turn, assigned the lease to Telerent Leasing. After a couple work-outs, the Lessee defaulted in 2011, and Telerent filed suit. 

The principal issue at trial was what the phrase twenty percent (20%) of the aggregate amount funded meant. The Lessor argued that this means that each guarantor is liable for 20% initial amount loaned by Phillips to the Lessee, which was $4,000,000.00. Thus, Telerent argued that each guarantor would be liable for $800,000. The guarantors argued that the amount should be 20% of the present balance due, which was then $113,082.72, so each guarantor would be liable for $22,616. However, the Court took a middle approach, and noted that Telerent was assigned only the obligation with a balance of $705,000, thus, Telerent was bound by that number. Thus, the Court ruled that each guarantor was liable for 20% of that number. 

I was a little confused because if the balance was only $113,000, and Telerent had seven guarantors, why would it care whether the guarantors were liable for $141,000 or $800,000? My only idea is that some or most the guarantors were insolvent, so the Lessor needed a lot more coverage than $22,000 per guarantor.

A settlement was reached with guarantors paying $173,251.92, as of April 5, 2013 (including attorney fees).

The actual case on 10-31-14 awarded $169,225.92 in favor of the Plaintiff.
The lesson for the Lessor here are pretty simple. When drafting a guaranty, especially in a large dollar transaction, make it explicit. I’m not afraid of attaching schedules or spread sheets which demonstrate what the term “aggregate” means at any given time in the payout history.

06-31-13 settlement
http://www.leasingnews.org/PDF/613settlement_2015.pdf

$169,225.92 Favor of Plaintiff
http://www.leasingnews.org/PDF/FavorPlaintiff_62015.pdf

Telerent Case
http://www.leasingnews.org/PDF/TelerentCase_62015.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

[headlines]
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### Press Release ###############################

The Alta Group Welcomes Back Paul W. Frechette
Leaves Bank of the West


 

RENO, NEV,  – The Alta Group’s newest director is Paul W. Frechette – a name already familiar to many clients for his previous work with the firm, CEO John C. Deane announced today. Frechette has returned to Alta as director of client relations and consulting, working closely with captive and vendor leasing companies and other finance businesses to build new markets, drive revenue growth and improve market positioning.
 
Known for his accomplished career in captive and vendor finance, he most recently served as a business unit manager with Bank of the West Equipment Finance Division.


CEO
The Alta Group

"We are delighted that Paul is rejoining Alta. Not only has a friend returned but a seasoned equipment financing expert who strengthens both our general resources and our captive/vendor program focus, all in a period of rapidly growing activity,” Deane said.
 
In his previous work for Alta, Frechette managed the consultancy’s captive and vendor finance practice. Earlier in his career, he was executive vice president at EverBank Commercial Finance (formerly Tygris Commercial Finance), part of the management team responsible for the growth of its vendor finance business. His background also includes positions as corporate vice president and chief operating officer of Sun Microsystems Global Financial Services, which is now part of Oracle Credit Corporation, and as president of Key Equipment Finance’s commercial leasing services group.
 
Frechette is an active member of the Equipment Leasing & Finance Association (ELFA), where he previously chaired its Vendor Programs Business Council Steering Committee. He is a former treasurer and vice chairman of the Equipment Leasing & Finance Foundation. A graduate of the University of Rhode Island, Frechette is an advisory board member for the institution’s business school.
 
About The Alta Group
 
The Alta Group is the leading global consultancy dedicated exclusively to the business of equipment leasing and asset finance. Since 1992, Alta has represented equipment leasing and finance companies, financial institutions, manufacturers, and service providers, offering management consulting and expertise in global market entry, vendor and captive finance, professional development, legal services, asset management, mergers and acquisitions, and application consulting. For information on the group’s services in the United States and Canada, Latin America, Europe, the Middle East and Africa, China, and Asia-Pacific, visit http://www.thealtagroup.com.

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

--------------------------------------------------------------

Labrador Retriever
Denver, Colorado  Adopt-a-Dog


Yogi
Animal ID: 24727620
Breed: Retriever, Labrador/Mix
Age: 14 years 8 months 6 days
Sex: Male
Size: Large
Color: Black
Neutered
Declawed: No
Housetrained: Partially
Special Needs
Site: MaxFund Dog Shelter
Location: Fosters
Intake Date: 1/8/2015
Adoption Price     $75.00

"Hi! I'm Yogi, and I'm a Black Lab mix guy! I was born in October, 2000.

"I may be a senior citizen, with the attendant aches and pains that can accompany that status. But I still have a love of life that is inspiring. I enjoy my daily walks, and I love my people.

"I'm currently in foster care, so please contact the MaxFund office if you'd like to meet me. I'd love to meet you!"

MaxFund Dog Shelter
1005 Galapago St.
Denver, CO 80204
Phone: 303-595-4917

Dog Shelter Hours:
Closed on Tuesdays
Mon, Wed, Thur & Fri - 10:00 - 4:00
Saturday - 11:00 - 5:00
Sunday - 12:00 - 5:00

Adoption Application:
http://www.maxfund.org/pdfs/MaxFundApplication.pdf


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

 

[headlines]
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Sign in Grocery Store
in California

[headlines]
--------------------------------------------------------------


News Briefs----

Co-Chief Executives of Deutsche Bank Resign
 To Be Replaced by former CFO Swiss Bank UBS
http://www.nytimes.com/2015/06/08/business/dealbook/co-chief-executives-of-deutsche-bank-resign.html?ref=business&_r=0

Restaurants among job growth leaders
Gain of 17,800 Jobs in April, Follows 8,900 job loss in March
http://www.restaurant.org/News-Research/News/Restaurants-among-leaders-of-post-recession-job-gr

Documentation
Anaheim, CA


Financial Pacific Leasing’s Commercial team in Anaheim, CA is growing their Documentation/Funding group and looking for someone with an keen attention to detail and ready for the opportunity to work hard, learn and grow.

Please click here for more information.

www.finpac.com
A subsidiary of Umpqua Ban
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--You May Have Missed It

Why GE is retaining one bit of its finance arm.
medical equipment, power-generation gear...
http://ww2.cfo.com/equipment-financing/2015/06/financing-capital-goods-keeping-grease/


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SparkPeople--Live Healthier and Longer



Why Fruits & Vegetables Are So Good for You
http://www.sparkpeople.com/blog/blog.asp?
post=you_asked_what_are_the_health_benefits_of_fruits_vegetables


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Baseball Poem

A Baseball Game (Free verse)

  
The ump showed up early.
Sharply dressed
His pants, meticulously creased.
His gold watch glinting in the 4 o'clock
End of March southern California sun.
He held a sour look
It was his first line of defense.

The manager of the Astros
Was what you might call
An easy going type.
A long-time bachelor, and a slob to boot.
He always had a quick sly grin
Popped his gum unceasingly.
His face like an old first-baseman's glove;
Tanned brown with wear, 
The stitching undone,
Staggeringly wrinkled from so much daily use.

He strolled over to home,
Tugging at the bottom of his extra-large shirt
Which barely covered the expanse of his girth,
Slapped the ump on the back
and announced that the teams 
were a little behind getting the field ready
and could we start the game at a quarter past?

The ump looked at his watch without saying a word
Held up his right hand for a moment,
Then brought it down like an ax,
"Play Ball!" he shouted 
2 inches from the Astros manager's leathery face.

 


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Sports Briefs----

Series tied, Warriors in for a fight
http://www.mercurynews.com/tim-kawakami/ci_28272835/kawakami-warriors-loss-game-2-proves-winning-nba?source=top_stories_bar

Anthony Davis becomes 4th member of 49ers to retire this offseason
http://espn.go.com/nfl/story/_/id/13020855/anthony-davis-becomes-fourth-member-san-francisco-49ers-retire-offseason

Punter Andy Lee dealt to Browns, leaving legendary shoe to fill for Bradley Pinion
http://blogs.mercurynews.com/49ers/2015/06/06/punter-andy-lee-dealt-to-browns-leaving-big-shoes-to-fill-for-bradley-pinion/

French Open 2015: Stan Wawrinka Defeats Novak Djokovic for Title
http://www.nytimes.com/2015/06/08/sports/tennis/french-open-2015-stan-wawrinka-defeats-novak-djokovic-for-title.html?_r=0

 

Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections

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

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)


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California Nuts Briefs---

Crews say 44 percent of California coast
  oil spill cleaned
http://www.seattlepi.com/business/energy/article/Crews-say-44-percent-of-California-coast-oil-6312575.php

Calif. Loses En Banc Challenge to Casino Plan
http://www.courthousenews.com/2015/06/04/calif-loses-en-banc-challenge-to-casino-plan.htm



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“Gimme that Wine”

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

Auction Napa Valley has $15.7 million weekend
http://www.pressdemocrat.com/lifestyle/4024941-181/auction-napa-valley-has-157

Taco Bell to Serve Beer and Wine at Chicago Site
http://www.nytimes.com/2015/06/04/business/taco-bell-to-serve-beer-and-wine-at-chicago-site.html?_r=1

Plundered Nazi Champagne discovered
http://www.thedrinksbusiness.com/2015/06/plundered-nazi-champagne-discovered/

Buena Vista Winery officially unsheaths its Tool Museum
http://www.sonomanews.com/lifestyle/3989156-181/buena-vista-winery-officially-unsheaths#0eDjWRWDD8ZLZtXm.97

10 Ways to Tell if Your Sommelier Really Knows Wine
http://www.eater.com/drinks/2015/6/3/8723085/10-ways-to-spot-a-really-good-sommelier

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/

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

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This Day in American History

     1670 - A Virginia slavery act decreed that slaves who had become Christians before their importation were not liable to lifelong servitude. This law reflected the moral concern felt in America over the enslavement of Christians.
    1697 - The husband of Hannah Duston was awarded the sum of 25 pounds (equivalent to today dollar about $10,000) for her heroic efforts, the first public award to a woman in America. On March 16 of the same year, in an attack on Haverhill, Massachusetts, Indians captured Hannah Duston and killed her baby, killing or capturing 39 others in addition. After being taken to an Indian camp, she escaped on April 29 after killing 10 Indians with a tomahawk and scalping them as proof of her deed.
    1786 - The first ice cream to be made commercially was sold by Mr. Hall of 76 Chatham Street (now Park Row), New York City, who advertised its sale.
    1789 - James Madison introduced twelve proposed amendments to the Constitution in the House.  By 1791, ten of them were ratified by the state legislatures and became the Bill of Rights.  Another was eventually ratified in 1992 to become the 27th Amendment.
    1816 - Mary Lucinda Bonney’s (1816-1900) birthday; educator and reformer who organized and headed a successful women's school in Philadelphia as well as the Central Indian Committee which campaigned for the U.S. to honor its Indian treaties. Under her leadership, the plan to allot land to individual Indians was developed and approved by Congress.
http://www.school.eb.com/women/articles/Bonney_Mary_Lucinda.html
    1851 - The "Alta" published a proposal for a citizens committee of safety following an outbreak of lawlessness and arson.
    1852 - Chinese laborers on the three-story granite Parrott Building, first fireproof structure in town, went on strike in 1852, demanding more pay.  Since only they could read the characters on the building's granite blocks, which had been cut, dressed, and numbered in China, they got it.
    1861 - Tennessee seceded from the Union in a two to one vote in the state.  (lower half of: http://memory.loc.gov/ammem/today/jun08.html )
    1862 - At the Battle of Cross Keys, Virginia, Confederate forces under Gen. Stonewall Jackson saved the Army of Northern Virginian from a Union assault on the James Peninsula led by Gen. George McClellan.
    1863 - Residents of Vicksburg flee into caves as General Ulysses S. Grant's army begins shelling the town.
    1867 - The birthday of perhaps the greatest American architect, Frank Lloyd Wright (1867-1959), born at Richland Center, WI. In his autobiography, Wright wrote: "No house should ever be on any hill or on anything. It should be of the hill, belonging to it, so hill and house could live together each the happier for the other." http://memory.loc.gov/ammem/today/jun08.html
    1869 - Ives W. McGaffey of Chicago, Illinois obtained a patent on a "sweeping machine," a light hand-powered suction device for surface cleaning. Although he did not coin the word "Vacuum Cleaner," he is credited with its invention. Melville Reuben Bissell of Grand Rapids, MI, in 1876 received a patent on a "broom action: variable pressure sweeper, responsive to different grades of floor covering. The first vacuum cleaner driven by a motor was invented by John S. Thurman of the General Compressed Air and Vacuum Machinery Company, St. Louis, MO, in 1899 for a "pneumatic carpet renovator." Vacuum Cleaner came into the American language as a shorter name of maker, it was a "Vacuum" cleaner.
    1869 - Pioneer Japanese immigrants establish a tea and silk farm colony at Gold Hill, California. Americans of Japanese ancestry (Nisei) lived in this country and struggled courageously for freedom and equality. This heritage was attacked following Pearl Harbor as they were shipped off to concentration camps and their homes, businesses, and property were stolen from them.
    1886 – Congress passed the first Civil Rights Act.
    1982 – In the act that triggered the litigation, Homer A. Plessy refused to go to a segregated railroad car (Plessy v. Ferguson).
    1893 - Birthday of Dorothy Deming, author of the Penny Marsh books on nursing as a career.
http://www.seriesbooks.com/demingdorothy.htm
http://www.elliemik.com/helpwanted.html
    1906 - Pianist Frank "Sweet" Williams
    1906 - Birthday of guitarist Willie Morris, Bolton, MS. http://www.adelphirecords.com/video/JugBand.html
    1906 - Birthday of Pianist Billie Pierce (1906-74) was born Wilhelmina Goodson in Marianna, Florida.  Known best for performing with DeDe Pierce, she was a boogie-woogie piano player with a distinctive blues shouting style that was reportedly unforgettable.
http://www.louisianamusicfactory.com/showsearchresults.asp?&
OutletID=1&SearchField=a&SearchString=Pierce

http://music.kelkoo.co.uk/b/a/cpc_150701_vtl_artist_c15332934.html
http://www.enigmaterial.com/jazz/ph1966/ph66_bpierce.html
    1906 – President Theodore Roosevelt signed the Antiquities Act into law, authorizing the President to restrict the use of certain parcels of public land with historical or conservation value.
    1909 – Clarence “Cack” Henley of the San Francisco Seals in the Pacific Coast league threw the longest complete game shutout in professional baseball history. Henley threw 24 scoreless innings against the Oakland Oaks before finally winning, 1-0…guessing on his pitch count???!
    1916 - Birthday of Canadian trumpeter and bandleader Johnny Holmes, in Montreal.
    1917 – Walt Disney graduated from Benton HS.
    1917 - Birthday of Byron Raymond (Whizzer) White (1917-2002) at Fort Collins, CO.  Retired Associate Justice of the Supreme Court of the US, nominated by President Kennedy Apr 3, 1962. White was an All-American halfback for the University of Colorado.   He also played basketball and baseball. After graduation he signed with the NFL’s Pittsburgh Pirates (now Steelers) after they selected him in Round 1 of the 1938 NFL Draft, and he played the 1938 season. He led the league in rushing in his rookie season and became the game's highest-paid player. He won a Rhodes scholarship to the University of Oxford and, after having deferred it for a year to play football, he decided to attend.  After Oxford, White played for the Detroit Lions from 1940 to 1941. He led the league in rushing in 1938 and 1940, and he was one of the first "big money" NFL players, making $15,000 a year.  His career was cut short when he entered the Navy during World War II; after the war, he elected to attend law school rather than return to football. He was elected to the College Football Hall of Fame in 1954.
    1921 - Birthday of Alexis Smith (1921-93), born Margaret Alexis Fitzsimmons Smith in Penticton, BC.  After moving to southern California as a child, she attended Hollywood HS and LA City College where she was discovered.  She was an actress who starred with many of Hollywood's most sought-after leading men including Cary Grant, Clark Gable, and Errol Flynn in the 1940s and 50s. She won a Tony in 1972 for her sensational performance as the cynical and aging former showgirl in “Follies”. She was the patron for U.S. novelist Rita Mae Brown.  Her sole survivor was her husband of 49 years, actor Craig Stevens who played “Peter Gunn” on the TV series.
    1921 – LeRoy Nieman (1921-2012) was born Leroy Leslie Runquist in St. Paul, MN.  He was an artist known for his brilliantly colored, expressionist paintings and screen prints of athletes, musicians, and sporting events.   
    1925 - Birthday of Barbara Pierce Bush, former First Lady, was born in NYC.  She met George Herbert Walker Bush at age 16, and the two married in 1945, while he was on leave during his deployment as a naval officer in World War II.  They had six children together, among them former President George H. Bush and former FL Governor Jeb Bush.
    1925 – Eddie Gaedel (1925-61) was born in Chicago with dwarfism.  On August 19, 1951 for the St. Louis Browns, he was called into pinch-hit against the Detroit Tigers.  Standing a mere 3’ 7”, he was walked on four pitches, was replaced by a pinch-runner, and never played again.  The owner of the Browns at the time was Bill Veeck.  His death was gruesome.  On June 18, 1961, the unemployed Gaedel, who had just turned 36, was at a bowling alley in Chicago. Gaedel was followed home and beaten. His mother discovered him lying dead in his bed.
    1933 – Comedian and writer Joan Rivers (1933-2014) was born Joan Alexandra Molinsky in Brooklyn.  She died of cardiac arrest in an operating room September 4, 2014; age 81.
    1936 - Birthday of actor-singer James Darren was born James William Ercolani in Philadelphia, PA. 
http://www.jamesdarren.com/
http://celebhost.net/jamesdarren/
    1937 - Eight-and-one-half-foot giant Calla Lily blooms, New York Botanical Gardens.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/
05/MN182256.DTL

    1939 - Soprano saxophone player Sidney Bechet records "Summertime," (Blue Note 6)
    1940 - Birthday of singer Nancy Sinatra, was born in Jersey City, NJ. Graduate of University High School in West Los Angeles. After forming an association with producer Lee Hazelwood, she made number one on the Billboard Hot 100 in 1966 with "These Boots Are Made for Walkin". Nancy Sinatra also had several hit duets with Hazelwood, and one with her father, "Somethin' Stupid," in 1967.
http://www.nancysinatra.com/
http://www.theveteran.net/nancy/
http://www.sinatrafamily.com/news/index.php
    1940 - Neptunium(Element 93, Symbol Np, Atomic weight 237) was created at the University of California at Berkeley, CA, by Edwin Mattison McMillan and Philip Hauge Abelson. Neptunium was the first element created that was heavier than uranium, the heaviest naturally occurring element.
    1942 - Chuck Negron, lead vocalist for Three Dog Night, was born in New York City. Three Dog Night, formed in Los Angeles in 1968, became one of the most commercially successful American rock bands of the 1970's. Negron had been a session vocalist before he was recruited by group founder Danny Hutton. Three Dog Night's first album in 1969 yielded a million-seller, "One," and after that they were seldom absent from the charts. Among their other hits were "Easy to Be Hard," "Joy to the World" and "An Old-Fashioned Love Song." The group also had a number of best-selling albums. Three Dog Night's commercial magic had waned by 1975, and the group gradually broke up. The three original vocalists of Three Dog Night - Chuck Negron, Danny Hutton and Cory Wells - reunited in 1981.
    1944 - Birthday of Boz Scaggs, singer, musician, songwriter (“Silk Degress”, “Middle Man”), born William Royce Skaggs in Canton, OH. Following two albums with the Steve Miller Band in the late 1960's, he spent nearly a decade trying to make it as a solo act. Scaggs finally made it in 1976 with the album "Silk Degrees," which sold five-million copies. Singles from the LP, "Lowdown," made it to number three and “Lido Shuffle” to #13  on the Hot 100.
    1944 - *PEREGORY, FRANK D., Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, Company K 116th Infantry, 29th Infantry Division. Place and date: Grandcampe France, 8 June 1944. Entered service at: Charlottesville, Va. Born. 10 April 1915, Esmont, Va. G.O. No.: 43, 30 May 1945. Citation: On 8 June 1944, the 3d Battalion of the 116th Infantry was advancing on the strongly held German defenses at Grandcampe, France, when the leading elements were suddenly halted by decimating machinegun fire from a firmly entrenched enemy force on the high ground overlooking the town. After numerous attempts to neutralize the enemy position by supporting artillery and tank fire had proved ineffective, T/Sgt. Peregory, on his own initiative, advanced up the hill under withering fire, and worked his way to the crest where he discovered an entrenchment leading to the main enemy fortifications 200 yards away. Without hesitating, he leaped into the trench and moved toward the emplacement. Encountering a squad of enemy riflemen, he fearlessly attacked them with hand grenades and bayonet, killed 8 and forced 3 to surrender. Continuing along the trench, he single-handedly forced the surrender of 32 more riflemen, captured the machine gunners, and opened the way for the leading elements of the battalion to advance and secure its objective. The extraordinary gallantry and aggressiveness displayed by T/Sgt. Peregory are exemplary of the highest tradition of the armed forces.
    1945 - *LESTER, FRED FAULKNER, Medal of Honor
Rank and organization: Hospital Apprentice First Class, U.S. Navy. Born: 29 April 1926, Downers Grove, Ill. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a Medical Corpsman with an Assault Rifle Platoon, attached to the 1st Battalion, 22d Marines, 6th Marine Division, during action against enemy Japanese forces on Okinawa Shima in the Ryukyu Chain, 8 June 1945. Quick to spot a wounded marine lying in an open field beyond the front lines following the relentless assault against a strategic Japanese hill position, Lester unhesitatingly crawled toward the casualty under a concentrated barrage from hostile machineguns, rifles, and grenades. Torn by enemy rifle bullets as he inched forward, he stoically disregarded the mounting fury of Japanese fire and his own pain to pull the wounded man toward a covered position. Struck by enemy fire a second time before he reached cover, he exerted tremendous effort and succeeded in pulling his comrade to safety where, too seriously wounded himself to administer aid, he instructed 2 of his squad in proper medical treatment of the rescued marine. Realizing that his own wounds were fatal, he staunchly refused medical attention for himself and, gathering his fast-waning strength with calm determination, coolly and expertly directed his men in the treatment of 2 other wounded marines, succumbing shortly thereafter. Completely selfless in his concern for the welfare of his fighting comrades, Lester, by his indomitable spirit, outstanding valor, and competent direction of others, had saved the life of 1 who otherwise must have perished and had contributed to the safety of countless others. Lester's fortitude in the face of certain death sustains and enhances the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
   1946 - Harmonica player, composer, band leader James Harman birthday, born Anniston, AL.
http://www.allmusic.com/cg/amg.dll?p=amg&sql=Bxt6uaknk5m3v
    1947 - Birthday of detective writer Sara Paretskey in Ames, IA.  She is best known as the author of the Chicago-based detective series featuring the opera singing, liberal feminist, V. I. Warshawski, who lacks house cleaning and cooking abilities, but is "hard boiled."  “Killing Orders”, “Burn Marks”.  
http://www.saraparetsky.com/
http://www.valueshop.com/bkgpparetsky.html
http://www.cwru.edu/artsci/engl/marling/hardboiled/Paretsky.HTM
    1948 - The first African-American officer commissioned in the Marine Corps was John Earl Rudder, a midshipman in the regular Naval Reserve Officers' Training Corps at Purdue University, Lafayette, IN.  He was commissioned as a second lieutenant and he served as an enlisted man in the Marine Corps Reserve from July 24, 1943 to June 26, 1946.
    1948 - Milton Berle starred on the "Texaco Star Theatre." He soon earned the nickname "Mr. Television", and he continued to be America's top TV comedian until 1956. In 1948, only about one percent of America's homes had TV. However, by 1956, thanks in large part to Berle, the percentage was much higher. When Berle was on, theatres often closed and neighborhood taverns noted a big decrease in business.
http://www.museum.tv/archives/etv/M/htmlM/miltonberle/miltonberle.htm
http://www.museum.tv/archives/etv/B/htmlB/berlemilton/berlemilton.htm
http://us.imdb.com/title/tt0040041/
    1949 - An FBI report named as Communists celebrities Helen Keller, Dorothy Parker, Danny Kaye, Fredric March, John Garfield, Paul Muni, and Edward G. Robinson.
    1949 – George Orwell’s “1984” was published. The novel is set in Airstrip One (formerly known as Great Britain), a province of the superstate Oceania, in a world of perpetual war, omnipresent government surveillance and public manipulation, dictated by a political system under the control of a privileged Inner Party elite, that persecutes individualism and independent thinking as "thought crimes".  The tyranny is epitomized by Big Brother, the quasi-divine Party leader who enjoys an intense cult of personality but who may not even exist. The Party "seeks power entirely for its own sake. We are not interested in the good of others; we are interested solely in power”.
    1950 – The Boston Red Sox defeated the St. Louis Browns, 29-4. It was a one game baseball record for scoring. Al Zarilla of the Sox scored four doubles in the game.
    1951 – Top Hits
“Too Young” – Nat King Cole
“On Top of Old Smokey” – The Weavers (vocal: Terry Gilkyson)
“How High the Moon” – Les Paul & Mary Ford
“I Want to Be with You Always” – Lefty Frizzell
    1951 – Birthday of rock singer Bonnie Tyler, born Gaynor Hopkins in Skewen, near Swansea, South Wales.  Her biggest hit is the million-selling  “Total Eclipse of the Heart’’ in 1983. The single tops Billboard’s Hot 100 for four weeks.
http://www.80smusiclyrics.com/artists/bonnietyler.htm
http://www.bonnietyler.com/main.html
    1953 - The U.S. Supreme Court ruled that restaurants in the District of Columbia could not refuse to serve blacks.
    1953 - A 1/2 mile wide tornado struck Flint, Michigan. 115 people were killed making it the worst tornado in the state's history. This tornado, rated F5 on the Fujita scale, was the last single tornado in the U.S. to kill over 100 people.   116 were killed, 844 injured, and 340 homes destroyed.
    1954 - Record promoters officially began phasing out 78s and giving 45s to radio DJs instead.  How many under the age of 50 will understand this statement?
    1955 – The Brooklyn Dodgers optioned left-handed pitcher Tommy Lasorda to the minor league Montreal Royals to make room for Sandy Koufax who had been on the disabled list.
    1957 - Birthday of Scott Adams, cartoonist, creator of "Dilbert," born Windham, NY.
    1959 - Top Hits
“Dream Lover” - Bobby Darin
“Personality” - Lloyd Price
“Quiet Village” - Martin Denny
“The Battle of New Orleans” - Johnny Horton
    1959 - "I Only Have Eyes for You" by the six man, Chicago vocal group, The Flamingos, enters the Billboard chart, where it will reach #11.  This is a doo-wop all-timer and one that was great for submarine race-watching!
    1960 - Roy Orbison released "Only the Lonely”.
    1961 - A major league baseball record was set when four Milwaukee Braves batters – Eddie Mathews, Hank Aaron, Joe Adcock, and Frank Thomas -  hit consecutive home runs in the game's seventh inning. They still lost to the Cincinnati Reds, 10-8.
    1961 - Elvis Presley's seventh film, "Wild in the Country" premiers.
    1962 - Birthday of Nick Rhodes of Duran Duran who was born Nicholas James Bates in England.
http://www.vh1.com/artists/az/duran_duran/bio.jhtml
http://www.duranduran.com/
http://www.duranduran.co.uk/
    1963 - The Essex release "Easier Said Than Done", a song that will climb to #1 on both the US Pop and R&B charts.
    1963 - The Crystals' "Da Doo Ron Ron" peaks at #3 on the Billboard Pop chart. The effort is the brain child of Phil Spector, who uses a multi-track recording system to build the song layer upon layer to achieve a result that will become known as a "wall of sound". Backing musicians include Glen Campbell on guitar, Hal Blain on drums, Leon Russell on piano and Nino Tempo on sax.
    1965 - President Johnson authorizes commanders in Vietnam to commit U.S. ground forces to combat.
    1963 - American Heart Association became the first agency to campaign against cigarettes
    1965 – Major League Baseball held its first free agent draft and the Kansas City A’s chose Rick Monday as the first overall pick.  Picking second, the Mets picked Les Rohr and they waited until the 10th round to choose Nolan Ryan.  Johnny Bench was chosen by the Reds in the second round.
    1966 - Merle James Smith, Jr. of Baltimore, MD, part of the class of 113 cadets who were graduated this day, became the first African-American Coast Guard Academy graduate. The ceremony was held at Jones Field, New London, CT. His commission was presented to him by his father, a colonel in the regular army.
    1966 - A tornado ripped right through the heart of the capitol city of Topeka, KS, killing sixteen persons and causing 100 million dollars damage. The tornado, which struck during the evening, cut a swath of near total destruction eight miles long and four blocks wide. It was the most destructive tornado of record up until that time.
    1966 - The Elvis Presley film “Paradise Hawaiian Style'' premieres.
    1967 - Top Hits
“Respect” - Aretha Franklin
“Release Me (And Let Me Love Again)” - Engelbert Humperdinck
“Croquet Alley” - The Mamas & the Papas
“It's Such a Pretty World Today” - Wynn Stewart
    1967 - Attack on the USS Liberty. At 2 PM local time, the unescorted US intelligence ship USS Liberty, sailing in international waters off the Egyptian coast, was attacked without warning by Israeli jet planes and three Israeli torpedo boats. She was strafed and hit repeatedly by rockets, cannon, napalm and finally a torpedo. Casualties: out of a crew of 294 Americans, there were 34 dead and 171 wounded. Israel apologized, claiming mistaken identity, but surviving crew members charged deliberate attack by Israel and cover-up by US authorities.
    1968 - The Rolling Stones release "Jumpin' Jack Flash."
    1968 - Don Drysdale, pitcher for LA Dodgers, lost his major league streak of scoreless innings pitched, when it was stopped at 58-2/3 by Howie Bedell, of the Philadelphia Phillies, who hit a sacrifice fly in the fifth inning. The Dodgers did beat the Phillies 5-3 that day. Until 1987, Drysdale's record stood, when it was broken by Orel Hersheiser, also of the Dodgers at that time.
    1968 - During a meeting on Midway Island in the Pacific, President Richard M. Nixon and South Vietnamese President Nguyen Van Thieu announce the imminent withdrawal of 25,000 US troops from Vietnam, and emphasize that all remaining US grounds troops will eventually be replaced by South Vietnamese forces. In 1961, President John F. Kennedy had sent the first large force of US military personnel to Vietnam to bolster the ineffectual autocratic regime of South Vietnam against the Communist North. Three years later, with the South Vietnamese government crumbling, President Lyndon B. Johnson ordered limited bombing raids on North Vietnam and Congress authorized the use of US troops. By 1965, North Vietnamese offensives left President Johnson with two choices: escalate US involvement or withdraw. Johnson ordered the former, and troop levels soon jumped to over 300,000 as US air forces commenced the largest bombing campaign in history. Over the next few years, the extended length of the war, the high number of US casualties, and the exposure of US involvement in war crimes such as the massacre at My Lai, helped to turn many in the United States against the Vietnam War, and created a perilous national division. In the spring of 1969, as protests in the United States against the war escalated, US troop strength in the war-torn country reached its peak at nearly 550,000. In June, Richard Nixon, the new US president, announced the beginning of US troop withdrawal, but intensified bombing in an effort to salvage the embattled war effort. Large US troop withdrawals continued in the early 1970s, but President Nixon expanded air and ground operations into Cambodia and Laos in attempts to block enemy supply routes along Vietnam's borders. This expansion of the war, which accomplished few positive results, led to new waves of protests in the United States and elsewhere. Finally, in 1973, representatives of the United States, North and South Vietnam, and the Vietcong signed a peace agreement in Paris, ending the US military involvement in the Vietnam War. By the end of 1973, the US contingent in Vietnam had shrunk to only fifty military advisors. On 30 April 1975, the last of these and other US nationals were airlifted out of Vietnam as Communist forces launched their final triumphant offensive into South Vietnam. The Vietnam War was the longest and most unpopular foreign war in US history, cost fifty-eight thousand American lives, many more lives of Vietnamese soldiers from both North and South, uncounted lives of Vietnamese civilians, and long-lasting damage to the environment in Vietnam.
    1968 - James Earl Ray, alleged assassin of Martin Luther King, Jr., was captured.
    1968 – Robert F. Kennedy’s funeral took place at St. Patrick’s Cathedral in NYC.  Immediately following the mass, Kennedy's body was transported by a special private train to Washington, D.C. Thousands of mourners lined the tracks and stations along the route, paying their respects as the train passed. The train departed New York at 12:30 pm.  The four-hour trip took more than eight hours because of the thick crowds lining the tracks on the 225 miles journey to prepare for the interment at Arlington National cemetery next to his slain brother, President John F. Kennedy.
    1969 - New York Yankees honored Mickey Mantle by retiring his number 7 in a ceremony preceding a double-header against the Chicago White Sox. 60,096 fans came out to salute Mantle and to watch the Yankees sweep the Sox, 3-1 and 11-2. The Yankees have retired 22 numbers in all, more than any other baseball team.  They retired #51 for Bernie Williams on 5/24/2015 and have plans to retire #20 for Jorge Posada and #46 for Andy Pettitte later in 2015.  Derek Jeter’s #2 and Paul O’Neil’s #21 will likely be retired in the near future.
    1969 – The last episode of “The Smothers Brothers Comedy Hour” aired on CBS.  The series was a major success, especially considering it was scheduled against the major NBC television series, “Bonanza”, with content that appealed to contemporary youth viewership with daring political satire humor and major music acts.  Despite this success, continual conflicts with network executives over content led to the show being abruptly pulled from the schedule in violation of the Smothers' contract in 1969.  On April 6, 1973, the Federal court ruled in favor of the Smothers and ordered CBS to pay them $766,000. Despite the Smothers' legal victory, the show never returned to the air.  Despite this cancellation, the show won the Emmy Award for Outstanding Writing for a Comedy, Variety or Music Show.     
    1969 - Having already been fired for his worsening drug use, Brian Jones officially announced that he is leaving the Rolling Stones, saying that he "no longer see(s) eye to eye (with the group about) the discs we are cutting." In less than a month he will be found dead.
    1970 - No. 1 Billboard Pop Hit: “Long and Winding Road,'' The Beatles.
    1973 - After quarterbacking for the Baltimore Colts for 16 of the NFL's most exciting seasons ever, including back-to-back NFL Championships in 1958-59, Johnny Unitas signed a two-year contract to finish out his football career with the San Diego Chargers. He never did look right with bolts on his helmet instead of the horseshoes!!
    1974 - Severe thunderstorms spawned at least twenty-three tornadoes in Oklahoma during the afternoon and evening hours. One of the tornadoes struck the town Drumright killing sixteen persons and injuring 150 others. A tornado struck the National Weather Service office in Oklahoma City, and two tornadoes hit the city of Tulsa. Thunderstorms in Tulsa also produced as much as ten inches of rain. Total damage from the storms was around thirty million dollars. It was the worst natural disaster of record for Tulsa.
    1974 - Paul McCartney and Wings had the top spot on the Billboard singles chart with "Band on the Run", a song on which Paul played bass, guitar and drums.
    1975 - Top Hits
“Thank God I'm a Country Boy” - John Denver
“Sister Golden Hair” - America
“Bad Time” - Grand Funk
“Window Up Above” - Mickey Gilley
    1977 – Kiss’ debut album was certified gold.
    1978 - Through the voice of its president Spencer W. Kimball, the Mormon Church reversed a 148-year-long policy of spiritual discrimination against African- American leadership within the denomination. The declaration extended priesthood and temple blessings to all worthy male members of the Church.  The Mormon attitude about Black church members is little understood outside their church, but here is a site chronicling a group trying to bring "fair" information concerning the LDS.
http://www.ldsblacks.com/history.html
The Official Decision as recorded by the LDSBlacks.com
http://www.ldsblacks.com/declare2.html
About this site:  http://www.ldsblacks.com/gordon.html
    1982 - A re-united Simon & Garfunkel leave for a nine date European tour starting at the Hippodrome d'Auteuil in Paris. It ends June 19th in London.
    1982 – The Ageless One, Leroy ‘Satchel’ Paige (1906-82) died.
    1983 - Top Hits
“Flashdance...What a Feeling” - Irene Cara
“Overkill” - Men at Work
“Time (Clock of the Heart)” - Culture Club
“Lucille (You Won't Do Your Daddy's Will)” - Waylon Jennings
    1986 - In the longest nine inning game in American League history, the Orioles beat the Yankees 18-9 in four hours and sixteen minutes.
    1986 - No. 1 Billboard Pop Hit:  “On My Own,'' Patti LaBelle & Michael McDonald.
    1988 - Overnight thunderstorms in Iowa produced 5.20 inches of rain at Coon Rapids. Thunderstorms in the Florida Keys drenched Tavernier with 7.16 inches of rain in 24 hours. Eleven cities in the central U.S. reported record high temperatures for the date.
    1989 - After the Pirates take a 10-0 lead in Philadelphia by sending 16 batters to the plate in the first inning, Pirate broadcaster Jim Rooker announces if the Bucs lose the game he'll walk back to Pittsburgh. True to his word, the radio by-by-play man organizes a charity walk from Philadelphia to Pittsburgh after the season as a result of the Phillies comeback win over the Pirates, 15-11.
    1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile, AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
    1990 - CDR Rosemary Mariner becomes first Navy woman to command a fleet jet aircraft squadron.
    1991 - General Norman Schwarzkopf, commander of Allied forces in Operation "Desert Storm", leads the National Victory Parade up Pennsylvania Avenue past the reviewing stand holding President George H.W. Bush and other dignitaries in the first such military parade held in the nation's capital since the end of World War I. Among the contingents of military units are composite battalions of Air and Army Guard personnel who served in theater.
    1991 - Top Hits
“More Than Words” - Extreme
“I Wanna Sex You Up” - Color Me Badd
“Rush, Rush” - Paula Abdul
“Meet in the Middle” - Diamond Rio
    1991 - Paula Abdul started a two-week run at #1 on the US album chart with "Spellbound".
    1991 - Bruce Springsteen married longtime girlfriend Patti Scialfa in a private ceremony at the couple's mansion in Beverly Hills, California. Bob Dylan was among the guests. It was the second marriage for Springsteen, who divorced model Julianne Phillips in 1988, and the first for Scialfa, who used to sing in Springsteen's E Street Band.
    1995 - The downed Air Force pilot Capt. Scott O’Grady was rescued by US Marines in Bosnia.
    1998 - Former LA Laker Earvin "Magic" Johnson's new late-night talk show averaged a 3 Nielsen rating in its opening night in 40 major cities. It dropped to a 2.1 rating the next two nights, and was soon cancelled.
    1998 - The National Rifle Association elected Charlton Heston its president.
    2001 - For the first time in major league history, the two Texas teams play one another in the regular season. The Astros beat their interstate rivals, the Rangers, 5-4 in the first game of the Lone Star Series played in Arlington, Texas. 
  2003 - Billy Joel won a Tony award for the orchestration of his musical, “Movin' Out”.  
    2004 - Tampa Bay Holds Off the Flames for Its First Stanley Cup: Lightning 2, Flames 1
http://www.washingtonpost.com/wp-dyn/articles/A23531-2004Jun7.html
http://www.nytimes.com/2004/06/08/sports/hockey/08cup.html    
    2005 - Going yard twice in his 4-for-4 day, Alex Rodriquez becomes the 40th and youngest big leaguer to hit 400 career home runs. On the 316th day of 29th year of his life, the Yankee superstar third baseman, who surpasses Ken Griffey Jr. for the honor, connects for a solo shot off Brewers' southpaw Jorge De La Rosa in the eighth inning for the milestone marker.   
    2009 - New York's legendary Apollo Theatre celebrated its 75th anniversary with a concert featuring, among others, The O'Jays and Patti Labelle. During the proceedings, Labelle and Quincy Jones were inducted into the venue's Hall of Fame.
    2010 - Pitcher Stephen Strasburg made the most eagerly anticipated debut in decades before a sell-out crowd in Nationals Park in Washington, DC. The recipient of the largest signing bonus in history lived up to his advance billing, striking out 14 while walking none in seven innings.  The Nationals beat the Pirates, 4-2, for Strasburg's first major league win.
    2010 - Old Man River, otherwise known as Tim Wakefield, rolled along to another milestone, passing Roger Clemens for most innings pitched in Red Sox team history with 2777.
    2010 - The trial of former Illinois Governor Rod Blagojevich began, facing corruption charges regarding his alleged attempt to sell Barack Obama's Senate seat.  He would be convicted in 2012 and is now serving a 14-year prison sentence.
    2013 - For only the second time in major league history, two games went 18 innings on the same day. The Toronto Blue Jays defeated the Texas Rangers, 4-3 in 18 while the New York Mets lost to the Florida Marlins, 2-1 in 20.

 

Stanley Cup Champions
    2004 - Tampa Bay Lightning

NBA Champions
    1982 - Los Angeles Lakers, MVP:  Magic Johnson, L.A.  
    1986 - Boston Celtics, MVP: Larry Bird, Boston.

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