Wednesday 13, 2007
Headlines---
Archives—June 13, 2006—Bob Fisher Promoted
Classified Ads---Syndicator
Marlin takes hit along with the rest
CIT and Key, too
EAEL Annual Crabfeast-June 7th
Sales makes it Happen—by Christopher “Kit” Menkin
“The Best Deal”
Cartoon---Sydney Harris, “Graduation”
Classified Ads---Help Wanted
Super Broker List
NVLA Elects Tarry Shebesta, President
Greystone Equipment Finance expands
ATEL Ventures Funds Sling Media
TheLeaseBlog six months old
NetSol to host Annual User Conference
Pressure Barclays to scrap ABN Amro bid
BofA may breach deposit cap with LaSalle
Lehman Bros. Q2 profit rose 27%
Subprimes cited for industry's woes
News Briefs---
You May have Missed---
California Nuts Brief---
Sports Briefs---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
######## surrounding the article denotes it is a “press release”
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Archives—June 13, 2006—Bob Fisher Promoted
KINGWOOD, TEXAS , – Main Street Bank, Kingwood, Texas , announced the promotion of Bob Fisher, CLP, to Executive Vice President of the Equipment Leasing Division. Fisher will have responsibility for all the operational aspects of the lease finance division including credit, lease documentation, funding, syndications and the call center. Additionally, he will continue to manage the wholesale originations and the sales offices. 
Fisher, a nationally recognized leader in the equipment finance industry, has a 25-year background in credit, sales and management in the equipment financing industry. Beginning his career with the CIT Group/Sales Financing Inc, he has held various sales, credit and management positions throughout his career. Fisher has been active in numerous professional organizations, including UAEL, EAEL, ELA and NAELB, and served as UAEL President in 2002. Fisher was graduated from Trenton State College, Trenton , New Jersey .
Tom Depping, Chairman of Main Street Bank stated: “We are very pleased to have Bob on our team as Main Street continues to develop a strong and dynamic, customer oriented equipment leasing group.”
Fisher said: “It is a pleasure to be part of Main Street Bank and its dynamic leasing team. I look forward to continuing working in my newly expanded role to bring innovative financial solutions to our customers.”
Main Street Bank maintains retail-banking offices in the Houston , Texas market and is a national leader in commercial equipment lease financing.
Fisher can be contacted at rfisher@msnbank.com
(Mr. Fisher began his career with The CIT Group/Sales Financing Inc. holding various sales, credit and management positions throughout his 20 plus year tenure. He was with New Era in Illinois , who became Datronics, and when they went out of business due to some improprieties of their president, started Fisher-Anderson in Des Moines , Iowa .
(When Marcap ended funding and then took of the portfolio, he started Firerock Financial, then moved to Houston , Texas , and joined the management team of Douglas-Guardian. He missed the excitement of “putting deals together,” which his good friend Bruce Lurie understood, and joined Main Street to help put the small business bank on the map. Fisher is considered by his peers to be one of the best credit decision makers in the equipment leasing industry. Editor) --------------------------------------------------------------------
Classified Ads---Syndicator
Syndicator
Overland Park, KS
Top Syndicator from single deal to portfolios. 20+ yrs exp. Available for contract work or full time position. Nationwide contacts.
Email: FFLLeasing@aol.com These job-wanted ads are free. We also recommend to both those seeking a position and those searching for a new hire to also go to other e-mail posting sites:
http://www.leasingnews.org/Classified/Posting_sites.htm
In addition, those seeking employment should go to the human resource departments on company web sites for funders, captive lessors, and perhaps “broker-lessors.”
To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
[headlines]
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Marlin takes hit along with the rest
Wall Street plunged Tuesday as investors, driving the Dow Jones industrial average down nearly 130 points, grappled with a seemingly relentless rise in bond yields.
Splits:none
| Last Trade: |
19.53 |
| Trade Time: |
4:00PM ET |
| Change: |
 0.67 (3.32%) |
| Prev Close: |
20.20 |
| Open: |
20.16 |
| Bid: |
18.66 x 100 |
| Ask: |
20.49 x 100 |
| 1y Target Est: |
30.00 |
|
|
|
| Day's Range: |
19.51 - 20.16 |
| 52wk Range: |
18.70 - 24.40 |
| Volume: |
41,101 |
| Avg Vol (3m) : |
67,237 |
| Market Cap: |
239.46M |
| P/E (ttm) : |
12.61 |
| EPS (ttm) : |
1.55 |
| Div & Yield: |
N/A (N/A) |
|
|
|
|
Still no word about a president or broker vice-president. A letter was sent to all leasing brokers offering to pay fees for factoring referrals; otherwise it is normal at Marlin.
[headlines]
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CIT and Key, too
CIT went down a dollar/one; from a close of the day before at $59.18 to $58.76
parent of
Key Corp days range went from $35.68 to $35.11
[headlines]
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EAEL Annual Crabfeast-June 7th
by Allan Levine, COO, Madison Capital
On Thursday, June 7th, about 80 leasing industry guys and gals met for the annual Eastern Association of Equipment Lessors Maryland crab feast. Most know each other and had the usual grand old time reviewing the past, current trends, and what one thinks is on the horizon. Some new faces in the crowd were Joe Stratton and Andrew McLean from Pepper Financial, Dan Dintino and Traci Stadler of First Niagara Bank.
Other than a few welcoming remarks by Bruce Smith, the newly elected EAEL President, the rest of the evening was spent chatting with old friends, meeting some new faces, and enjoying the favorite Maryland past time of drinking beer and eating crab soup, corn, and those steamed crabs.
Needless to say, the crabs were a disguise for all the possible transactions to be, what frauds are out there, industry gossip, and alike. This very casual setting makes this event a crowd pleaser.
A good time was had by all.
Below are photographs taken by Leasing News Chief Staff Photographer Allan Levine:
Tracey Stadler - First Niagara ,
Bruce Winter - FSG Leasing, Inc,
Nancy Pistorio - Madison Capital,
Dennis Horner - The Equipment Leasing Co.,
Dan Dintino - First Niagara,
Shari Lipski - ECS Financial Services, Inc.
Bruce Smith-diversified Capital Credit Corp
(current EAEL President),
John Cole-Business Capital,
Nancy Pistorio-Past EAEL,Pres.-Madison Capital,
Allan Levine- Madison Capital,
Donna Cole-Business Capital
(This is why he is the chief staff photographer, as he can take a picture and
also be in the picture himself; that takes talent.)
Tracey Stadler - First Niagara ,
Bruce Winter - FSG Leasing, Inc,
Nancy Pistorio - Madison Capital,
Dennis Horner - The Equipment Leasing Co.,
Dan Dintino - First Niagara,
Shari Lipski - ECS Financial Services, Inc.
Omar Diaz - Studebaker-Worthington Leasing, Corp.
Donna Cole -Business Capital
[headlines]
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Sales Make it Happen
by Christopher "Kit" Menkin
“The Best Deal”
Often the "best deal" means taking care of obtaining the equipment as soon as possible. Customers if they have a good experience the first time come back because they know you will take care of getting the equipment fast and convenient to them.
The number one reason to lease is still to utilize the most advance, time-saving, and money making equipment. It is the use of the equipment that is important. In the small ticket market place, that is number one. In the middle market the ability to acquire profit making equipment is still number one and not the tax benefits, unless it makes available a lower monthly payment to the leseee.
Always let the customer "talk up" why he needs the equipment he or she is considering leasing. Let them know that providing the financing will not be the obstacle. You can get it completed to their liking. You want repeat business.
Ten Advantages in Leasing:
| 1. |
Saves Cash - no money "down". |
| 2. |
Usually longer term available, resulting in, lower monthly payment. |
| 3. |
Fast and convenient - less hassle for long term "borrowing". |
| 4. |
Tax benefits, such as faster write-off; more rapid amortization than possible with "depreciation"; if the $125,000 one year depreciation figure is reached. Can also enable company to realize a part of this depreciation with minimum dollar amount expended. * |
| 5. |
Provides cost-cutting or profit making equipment to be installed immediately. |
| 6. |
Pays for equipment out of before-tax savings rather than after-tax profits. |
| 7. |
Leverage - leaves normal lines of bank credit undisturbed. |
| 8. |
Avoids alternate corporate minimum tax. |
| 9. |
May increase the firm's ability to acquire funds, plus does not dilute ownership. |
| 10. |
Creates or maintains working capital for inventory, accounts receivable, other expenses. |
* Most new business equipment can be either depreciated over its useful life or expensed immediately under Internal Revenue Code Section 179. For the year 2007, it is $135,000. The maximum deduction is based on the following schedule for the date in which the tax year begins.
Each 1040, whether Single or Joint, is limited to one maximum. 179 expenses passed through via K-1s from partnerships (1065), S-corps (1120S), or trusts (1041) are limited at the 1040 level to the one maximum amount.
A C corp is able to deduct its own 179 expenses in addition to what is claimed on the 1040s of the owners. This is one of the many ways in which C corps can save thousands of dollars in taxes over S corps.
Many states have not matched these amounts and have much smaller allowable deductions. In those cases, it is critical to maintain two sets of depreciation schedules; one for IRS and another for the State.
If this attracts them, then the "capital lease" is the way to go.
Again, get back to the customer about why the equipment is important to his business. Acquiring it should be number one, not how it is going to be financed, but how important it will be to obtain. You will help he or she acquire it as quickly as possible with the best deal you are able to obtain for his or her benefit.
Christopher "Kit " Menkin biography.
To view other "Sales makes it Happen" article, please go here.
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[headlines]
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[headlines]
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Leasing Industry Help Wanted
Corporate and Commercial Leasing Specialist
|
Corporate and Commercial Leasing Specialist, Alabama
5 years experience sales and credit
Great opportunity.
Click here for more information.
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[headlines]
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Super Broker List 
These companies, perhaps numbering below 100, are the smallest group, considered the “elite,” as they exist because they have the knowledge and experience to know who and why another would be interested in a specific transaction. They also exist because they rarely consider business direct, but work on referrals from “broker/lessors,” funders, banks, financial groups, manufacturers, and others who cannot fit the transaction into their criteria.
A leasing application may also come to them because they do not have the "volume" for the source the "super broker/lessor" may have; they may be "too new" in business to qualify for many sources: do not meet the minimum dollar required from the referral; they may be looking for a better rate than their regular sources, or the transaction was originated by another broker and they need to acknowledge that the transaction comes from another broker, called "sub broker," in the trade (most funders will not accept business from that has been “re-brokered.” .” As important, the sender may not have a regular source for the specific transaction they want to place, such as a young privately held company wanted the lease as “corporate only.”
For whatever reason, they come to a "Super Broker/Lessor" to place the transaction on their behalf.
In the question of sub-broker business, we take for granted that the “Super Broker/Lessor” not only has a written agreement with the sub-broker but informs the lessor when submitting an application it has come from a sub-broker. A violation of this will have the company removed from the list.
In addition to the above qualifications, the "Super Broker/Lessor" must have a "clean" Better Business Bureau rating, no Leasing News Bulletin Board complaints or a poor record, and must belong to a national leasing association, as we view this that they are professional and abide by their association standards and code of ethics.
We also will be verifying warehouse lines or "Funder" lines with their bankers (as done with those on the Story Credit List.)
Leasing News reserves the right not to list any company it believes does not meet the qualifications as stated above. We have also asked those on the list to up-date them when necessary.
Rank |
Name
In Business Since
Contact
Website
Leasing Association |
Employees |
Geo
Area |
Dollar
Amount |
Business Reports |
A |
B |
C |
D |
1. |
|
15 |
National |
Application only up to $150,000 |
|
N |
N |
Y |
Y |
2. |
|
15 |
Nationwide |
$10,000 to $10 million, App only $100K
|
|
* |
* |
* |
* |
3. |
LPI Healthcare Financial Services, Inc.
(primarily loans, not leases)
2000
Kurt Hess
770-579-2900 ext. 11
www.lpifinancial.com
NAELB ( C) |
7 |
National |
$15,000.00 up to $800,000.00 |
|
N |
Y |
N |
N |
4. |
Affiliated Investment Group, Inc.
2005
("Although the company was established in 1991, it has been inactive until recently and is the proud continutation of the 20 year history of Affliated Corporate Services, Inc. Known as “The Flexible Funding Source,”actually since 1991 worked under trade style of Affiliated Corporate Services.")
Jim Lahti , CLP
PH: 512-336-7335
FAX: 512-336-7336
jrl@affiliatedinvestment.com
www.affiliatedinvestment.com
UAEL ( B)
|
4 |
Nationwide |
$25,000 min., with no max.
"Ap only" program $25,000 - $75,000
|
|
N |
Y |
Y |
Y |
5. |
|
4 |
Nationwide |
$20,000 to $2MM |
|
* |
* |
* |
* |
To see all the lists, please go here:
http://www.leasingnews.org/All_Lists.htm [headlines]
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### Press Release ###########################
National Vehicle Leasing Association (NVLA) Elects Tarry Shebesta, President
CINCINNATI----At the annual conference of the National Vehicle Leasing Association (NVLA) held in Las Vegas, Tarry Shebesta, President of Automobile Consumer Services, Inc. (ACS), was elected NVLA President for the 2007/2008 fiscal year. This will be the first time in NVLA’s 39 year history that an Ohio member has become President.
Tarry Shebesta
Mr. Shebesta was considered for the position due to his numerous years of experience in the vehicle leasing industry, particularly in the fast changing technology area. Over the last few years, Mr. Shebesta has been involved with many aspects of directing the NVLA, including holding various executive board positions. He is currently the Chairperson of the Electronic Communications Committee and Chairperson of the 2007 NVLA Conference Committee. He also serves as a leader in other industry organizations and earned his certification as a Leasing Consultant from the Ohio Chapter of the NVLA.
In his inaugural speech, Mr. Shebesta laid out his plans and ideas for the coming year. “Two important priorities are to grow the membership and expand our lease education programs,” noted Shebesta. Other areas of attention include enhancing fleet relationships with auto manufacturers and addressing the many legal issues that affect the leasing industry.
Some new initiatives include the expansion of NVLA Chapters into Indiana, Illinois, Florida, Minnesota, Arizona, Northern California and the Northwest region of the United States. Round table workshops are also in the plan as a way to provide members with a platform to discuss ideas and learn from industry experts on a variety of subject matters, including marketing, accounting practices, legal and compliance, and the Internet.
Shebesta plans to form an advisory board made up of past NVLA Presidents, experienced NVLA members, and industry experts to provide valuable input on new ideas for 2008. “I look forward to a productive year as we celebrate NVLA’s 40th anniversary during next year’s conference at the Camelback Inn Resort in Scottsdale Arizona.” says Shebesta.
A profile of Mr. Tarry Shebesta is available here: http://www.acscorp.com/company/profile_tarry_shebesta.php
About Automobile Consumer Services, Inc. (http://www.ACScorp.com)
Based in Cincinnati, Automobile Consumer Services, Inc. (ACS) is a leading provider of direct-to-consumer auto leasing through its popular website LeaseCompare.com. Founded in 1989, ACS’s mission is to provide services that enhance the experience of buying or leasing a car. ACS achieves this by leading the industry with innovative proprietary technology, superior customer service, and years of industry experience.
About National Vehicle Leasing Association (http://www.NVLA.org)
NVLA provides educational opportunities, promotes responsible legislation and communicates with members regarding developments and trends in vehicle leasing. NVLA promotes the independent leasing industry while encouraging the highest ethical and professional standards.
-Tarry E. Shebesta, OCLC (Ohio Certified Lease Consultant)
President, Automobile Consumer Services, Inc. (www.ACScorp.com)
President, National Vehicle Leasing Association (NVLA)
tes@acscorp.com / 800.223.4882 ext. 11
[headlines]
### Press Release ###########################
Greystone Equipment Finance Corporation Continues Expansion
of Business Development Team
NEW YORK----Greystone Equipment Finance Corporation, Inc. (Greystone EFC) is pleased to announce the addition of Bill Carroll and Jason Dugan to the company. Both of these professionals will be based in the Burlington, MA office.
Bill Carroll has joined as Finance Manager and is responsible for internal accounting and management of Greystone EFC's capital markets relationships.. Prior to joining Greystone EFC he was President and Treasurer of Andover Capital Group, Inc. a wholly-owned subsidiary of Andover Bank. He has over 25 years of experience in the equipment finance and leasing business with extensive involvement as Managing Director of a bank -owned leasing company. He is a graduate of Boston College and the University of Wisconsin, School of National Association of Bank Auditors and Comptrollers.
Jason Durgin has joined the company as Business Development Manager and will both directly originate new business and manage Greystone EFC's growing inside sales team at its headquarters office in Burlington, MA. Prior to joining Greystone EFC, he was a Relationship Manager for USXL, managing its northeast technology franchise. He has 10 years experience in the leasing industry in a variety of sales management positions. He is a graduate of Salem State College with a degree in Business Management.
About Greystone Equipment Financing Corporation
Greystone Equipment Finance Corporation (Greystone EFC) is an affiliate of Greystone & Co., Inc, a financial services and private investment group which, together with its affiliated companies, owns or manages more than $12 billion of assets. Greystone EFC provides equipment financing to small, medium and Fortune 1000 companies across the United States, financing a broad range of equipment with purchase prices up to $2 Million and repayment terms from two to seven years. Headquartered in Burlington, MA, Greystone EFC originates its business through vendors and brokers located nationwide.
[headlines]
### Press Release ###########################
ATEL Ventures Funds Lease Financing for Sling Media, Inc.
New Arrangement Enables Further Rapid Growth
SAN FRANCISCO----ATEL Ventures, Inc., a provider of secured financing to emerging growth companies, has committed $5.0 million in equipment lease financing to Sling Media, Inc., a leading digital lifestyle products company and creators of the Emmy award-winning Slingbox(TM), a device that allows customers to watch and control their living room television from just about anywhere using a computer or compatible mobile phone. ATEL Venture's financing package will enable Sling Media to focus on its core business goals: broaden its existing product line, support its growing customer base and accelerate its already significant growth.
"Placeshifting is the new frontier in delivering content and Sling Media's breakthrough products have them firmly positioned as the leader," said Steven Rea, Executive Vice President at ATEL Ventures, a division of ATEL Capital Group. "Sling Media's exponential growth and its across-the-board recognition as a leader in digital lifestyle products makes it a compelling investment choice."
"Sling Media is focused on building the products and services that will help expand our market-leading position and deliver the best possible end-user experience for our customers," said Judy David, Chief Financial Officer for Sling Media, Inc. "We are pleased to have the support of ATEL Ventures."
About ATEL Ventures
Since its founding 1977, San Francisco-based ATEL Capital Group has become the largest private and closely-held, independent leasing company in the United States with approximately $2 billion in asset-secured transactions under management. ATEL Capital formed ATEL Ventures, Inc. to provide working capital and equipment financing term loans and asset refinancing/sale and leaseback credit facilities to venture-backed emerging growth companies in information technology, life sciences, alternative energy and specialty retail. For more information about ATEL Ventures and its services, please contact Steven Rea, Executive Vice President, ATEL Ventures at 415-616-3436 or visit their website at www.atel.com/ventures.
[headlines]
### Press Release ###########################
TheLeaseBlog six months old
theLeaseBlog.com is now 6 months old today and many of you are taking advantage of its unique service, in fact with over 250 signed up members and with over 650 unique visitors in May alone, theLeaseBlog.com is rapidly becoming a regular destination for those seeking and offering information on the leasing industry.
If you have not yet visited the site or you have not logged-on in a while, you may want to look at the changes I have made to make theLeaseBlog.com even more useful.
As a summary: Click here to go to theLeaseBlog.com
Blog: Read and comment on the latest blogs and if you feel inspired, why not write your own article for all to see.
Forum: Exchange ideas and thoughts with your fellow professionals
News& Moves: Latest news and people moves, free press release service, getting your message transmitted to the world with the latest RSS functionality
Web Links: Get your company listed in our web links section, enhanced with SnapShot technology.
JOBS: Full listing of all the latest jobs in the industry, search by role, region or recruiter.
Sales GURU: Read up on the latest tips from some of the industries top sales coaches and trainers.
Daily Toon: Guaranteed to make you smile, business cartoons updated daily
Research: Help shape your industry by taking part in the latest research initiatives
Multilingual: Translate theLeaseBlog.com into your own language with one click.
Subscribe: Latest entries e-mailed to you on request in your user profile
Remember, theLeaseBlog.com is dedicated to FREE to VIEW content and comment on the leasing industry. Get involved by giving us your thoughts, opinions and ideas for content, features and what ever you think, YOU the readership, wants to see.
If you like what you see @ theLeaseBlog.com don’t forget to tell your colleagues.
You can visit the site now by clicking on the link above.
Many thanks
Editor@theLeaseBlog.com
[headlines]
### Press Release ###########################
NetSol Technologies' North American Division to host Annual User Conference
LeasePak Users to Come Together to Collaborate, Share Best Practices and
Preview New Product Offerings
CALABASAS, CA – – NetSol Technologies, Inc. (“NetSol”) (NASDAQ: NTWK), a multinational provider of enterprise software and IT services to the financial services industry, announced that NetSol-McCue, the Company’s North American division, will host its annual LeasePak Customer Conference to be held from June 13 through June 15, 2007 in Burlingame, California. This year’s user conference will provide existing, new and potential NetSol-McCue customers the opportunity to preview significant advances made to the LeasePak software suite, preview a new line of IT services focused on the specific needs of lessors and to review the results of a survey of new technologies that support paperless operations for the equipment finance industry.
The annual event draws customers from multinational banks, manufacturers, and independent leasing organizations. Attending this year will be representatives from leading equipment finance companies such as Key Bank Equipment Finance, Volkswagen Credit Inc., LaSalle National Bank, Cisco Inc., National City Bank, and other Fortune 1000 companies.
This marks the first LeasePak User Conference since the formation of NetSol-McCue. The event will showcase products developed through collaboration between the North American division’s development team and the assistance of NetSol’s offshore development team based in Lahore, Pakistan. NetSol’s U.S. division has associated the NetSol Technologies brand with the latest tools to support paperless processes endorsed in a recent study from the Equipment Leasing and Finance Foundation, an industry-leading research group. The LeasePak Customer Conference will feature demonstrations of such technologies, including state-of-the-art e-billing tools from NetSol partner company Avolent Inc.
Najeeb Ghauri, chairman and CEO of NetSol Technologies commented, “Our annual NetSol LeasePak Customer Conference is the perfect forum to showcase the strengths and benefits of the NetSol-McCue offering to our customer base. This collaborative user forum will explore LeasePak best practices for our customers and highlight the latest LeasePak capabilities among new as well as existing customers.”
John McCue, president of NetSol Technologies, North American division further added, “Following the successful launch of LeasePak 6.0, Enterprise Edition we have further strengthened our development capability with a doubling of our development team through our offshore facilities. This is only the beginning of an exciting era for NetSol-McCue as we plan to launch a broad array of cost-effective IT solutions and services for our customers.”
About NetSol Technologies
NetSol Technologies is a multinational provider of enterprise software and IT services to the financial services industry. NetSol helps clients to identify, evaluate and implement technology solutions to meet their strategic business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol delivers high-quality, cost-effective equipment and vehicle finance portfolio management solutions. The Company also delivers managed IT services ranging from consulting and application development to systems integration and development outsourcing. NetSol’s commitment to quality is demonstrated by its achievement of both ISO 9001 and SEI (Software Engineering Institute) CMMi (Capability Maturity Model) Level 5 assessment, a distinction shared by only 94 companies worldwide. The Company’s clients include global automakers, financial institutions, technology companies and governmental agencies. NetSol’s largest customer, DaimlerChrysler Services, ranks the Company as a preferred vendor in more than 40 countries. Headquartered in Calabasas, CA, NetSol Technologies also has operations and/or offices in London, San Francisco, Adelaide, Beijing, Lahore and Karachi, Pakistan. To learn more about NetSol Technologies, visit the Company’s web site at www.netsoltek.com.
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[headlines]
### Press Release ###########################
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News Briefs---- Hedge fund pressures Barclays Bank to scrap ABN Amro bid
http://www.bobsguide.com/guide/news/19750.html
Bank of America may breach deposit cap with LaSalle
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews
&storyID=2007-06-12T200132Z_01_N12290598_RTRIDST_0_BANKOF
AMERICA-DEPOSITS.XML
Lehman Bros. Q2 profit rose 27%
http://www.usatoday.com/money/companies/earnings/2007-06-12-lehman-bros_N.htm
Subprimes, affordability cited for industry's woes
http://www.signonsandiego.com/news/business/20070612-9999-1b12housing.html
[headlines]
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You May have Missed--- That iPhone Has a Keyboard, but It’s Not Mechanical
http://www.nytimes.com/2007/06/13/technology/13phone.ready.html?_r=1&
ref=business&oref=slogin
[headlines]
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Sports Briefs---- Listless Spurs Put Cavaliers on the Brink
http://www.nytimes.com/2007/06/13/sports/basketball/13nba.html?_r=1&hp&oref=slogin
Bonds Blasts 747TH Homer
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/20070612/NEWS/
706120417/1010/SPORT01
26 Years Later, Brehaut Makes the Open
http://www.nytimes.com/aponline/sports/AP-GLF-On-The-Fringe-061207.html
[headlines]
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California Nuts Briefs--- Hilton's Parents Visit, Breeze Past Line
http://www.breitbart.com/article.php?id=D8PNLBA00&show_article=1
[headlines]
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“Gimme that Wine” Second Annual Wine Marketing Summit Held in Walla Walla
http://www.winebusiness.com/news/DailyNewsArticle.cfm?dataid=48712
Auction Napa Valley Raises $9.8 Million
http://www.winesandvines.com/head_jun07_auction.html
The Unspeakable Delights of Zweigelt—Eric Asimov
http://events.nytimes.com/2007/06/13/dining/reviews/13wine.html?ref=dining
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
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Calendar Events This Day Creating With Your Heart Day – A way to honor the values you hold true, in your heart, with action, this is a day to celebrate creating thankful and wonderful thoughts, cars projects, art and ideas full of love.
Kitchen Klutzes of America Day
http://www.cfdevotionals.org/devpg01/de010613.htm
Lobster Day
http://homeschooling.about.com/od/unitssubjsci/p/sealesson10.htm
National Juggler's Day
http://homeschooling.about.com/library/blapr18a.htm
Sewing Machine Day
http://holidayinsights.com/moreholidays/June/sewingmachineday.htm
Saint Feast Days
http://www.catholic.org/saints/f_day/jun.php [headlines]
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Three out of every six Americans live within fifty miles of where they were born,
The US population is a little of 300 million. The world: 6.6 billion.
The highest population is Asia. In the United States, 80% of the population live in the metropolitan area. This statistic may be true as 40% live in cities and therefore the statistic appears to be valid.
http://www.time.com/time/covers/20061030/where_we_live/
http://www.harpercollege.edu/mhealy/g101ilec/namer/nad/nalive/nalivefr.htm
http://encarta.msn.com/encyclopedia_1741500824_7/United_States_People.html
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Today's Top Event in History 1963-President John F. Kennedy and other leaders condemned the assassination by a sniper of civil rights leader Medgar Evers in the back outside of his home in Jackson, Mississippi on June 12. The crime sparked numerous demonstrations this day as an outrage of the killing. The reaction to this killing spurred the Civil Rights Act of 1964.
Ten years after Medgar Evers’s death the national office of the NAACP reported that Mississippi had 145 black elected officials and that blacks were enrolled in each of the state’s public and private institutions of higher learning.... In 1970, according to statistics compiled by the Department of Health, Education, and Welfare, more than one-fourth or 26.4 percent of black pupils in Mississippi public schools attended integrated schools with at least a 50 percent white enrollment. When Medgar died in 1963, only 28,000 blacks were registered voters. By 1971, there were 250,000 and by 1982 over 500,000.
http://www.olemiss.edu/depts/english/ms-writers/dir/evers_medgar/
http://www.cr.nps.gov/nr/travel/civilrights/mainmap1.htm
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This Day in American History 1774- Rhode Island becomes 1st colony to prohibit importation of slaves. The Rhode Island General Assembly in Newport, RI, passed this legislation, banning slave importation: “ No Negro or mulatto shall be brought in to this colony, and in case any slave shall be brought in , he or she shall be, and are hereby, rendered immediately free, so far as respects personal freedom, and the enjoyment of private property, in the same manner as the native Indians.”
1789 - General George Washington was served a new dessert by Mrs. Alexander Hamilton, ice cream.
1798-The Mission San Luis Rey de Francia was founded. It was abandoned in 1846. Restoration began in 1892.
http://www.californiamissions.com/cahistory/sanluisrey.html
http://www.sanluisrey.org
1786-birthday of Winfield Scott, American army general, negotiator of peace treaties with Indians and twice nominated for president (1848 and 1852). Leader of brilliant military campaign in Mexico in 1847. Scott was born at Petersburg, VA and died at West Point, NY, May 29,1866.
http://www.civilwarhome.com/scottbio.htm
http://www.npg.si.edu/exh/brady/gallery/77gal.html
http://www.ngeorgia.com/other/scottinmexico.html
http://home.att.net/~Rebmus/SCOTTSTACTICS.htm
1868-African-American Oscar J. Dunn elected Lieutenant Governor
of Louisiana Ran away from slavery; finally bought his freedom; began his education prior to his freedom; State Senator in 1868 ;Lt. Governor from 1868 to 1870; reputed to be firm, courageous and incorruptible, died suddenly in November, 1871. Ironically, his death brought the first African American to serve as governor of a state: P.B.S. Pinchbeck. He had been elected president pro tempore of the Louisiana senate in 1871, and promoted to lieutenant governor upon the death of Oscar J. Dunn. Pinchback was educated in Cincinnati, was a captain in the army. When Governor Warmoth was impeached in December 1872; he became governor for a few days.
http://www.sec.state.la.us/45.htm
1875—Birthday of Mariam Amanda Wallace "Ma" Ferguson - two-time Governor of Texas. In November 1924, she and Nellie Ross of Wyoming were elected the nation's first female governors. Her husband had been impeached, convicted and removed from the Governors office to which he had been elected 1916. She ran to clear the family name under the motto "two Governors for the price of one." She said, up front, that she would be just a stand-in for her husband, but when elected, she did a lot of things her way. Although “Ma” Ferguson did fulfill a campaign promise to secure an antimask law against the Ku Klux Klan, the courts overturned it. State expenditures were slightly increased, despite a campaign pledge to cut the budget by $15 million. The focal point of discontent centered upon irregularities both in the granting of pardons and paroles and in the letting of road contracts by the state highway department. Ma Ferguson pardoned an average of 100 convicts a month, and she and "Pa" were accused by critics of accepting bribes of land and cash payments. Critics also charged that the Ferguson-appointed state highway commission granted road contracts to Ferguson friends and political supporters in return for lucrative kickbacks. She won re-election and then retired from politics until she was 65 years, running for governor in 1940, but did not win. She died June 21, 1961.
http://www.tsl.state.tx.us/governors/personality/mferguson-p01.html
http://www.reaganadv.com/ma/biography.html
1905-Trumpet player Doc Cheatham birthday
http://www.riverwalk.org/profiles/cheatham.htm
1907 --The temperature at Tamarack, California dipped to 2 degrees above zero, the lowest reading of record in June for the U.S. after 42 inches of snow fell between the 10th and the 13th, the snow depth on this date was 130 inches.
1921 - "The Sultan of Swing," Babe Ruth, made a 460 foot homerun into the center field bleachers at New York City's Polo Grounds. It was the longest homerun Ruth made in his career.
1927 - Aviation hero Charles Lindbergh was honored with a ticker-tape parade in New York City. He was the most popular man of his era, considered a presidential candidate, but the kidnapping of his son changed his life. While the man who asked for ransom was caught, it is believed by many that it was Lindbergh’s own sister who killed the infant as she suffered from mental illness and had harmed the baby earlier.
1933-In an effort to get the economy going again, the Federal Savings and Loan Association was authorized with the passage of the Home Owners Loan Act. The purpose of the legislation was to provide a convenient place for investment and to lend money on first mortgages. The first association was the First Federal Savings and Loan Association of Miami, Florida, which was charted on August 8, 1933.
1935 - In a 15 round match, Jim Braddock defeated Max Baer in a. With the win, Braddock captured the world heavyweight boxing title in New York City.
1937--- Joe DiMaggio hits 3 consecutive HRs against St Louis Browns
1939 - Victor Records artist Lionel Hampton and his band recorded "Memories of You." He had played the song with the Benny Goodman
Quartet at Carnegie Hall in 1937.
1940- R'n'B singer Bobby Freeman was born in San Francisco. He is best known for "Do You Wanna Dance," which became a number five hit for him in 1958. The song was later covered by the Beach Boys - in 1965 - and the Ramones - in 1978.
1942-The Office of War Information was created.
http://memory.loc.gov/ammem/today/jun13.html
1944-Marvin Camras, who was a student at the Armour Institute of Technology, Chicago, Il, patented a wire recorder for sound recordings. He had actually invented it in the 1930’s, and it was used experimentally in 1939 and 1940, with several models in use by the US Navy in 1941. When I first went to work for KFRC Radio in 1963, we were using wire to record interviews, including telephone interviews ( several times a week I would interview Governor “Pat” Brown, who was a long time fan of the radio station when he was San Francisco district attorney).
1948---Top Hits
Nature Boy - Nat King Cole
Toolie Oolie Doolie - The Andrews Sisters
Baby Face - The Art Mooney Orchestra
Texarkana Baby - Eddy Arnold
1948 - During farewell ceremonies for Babe Ruth, his Uniform #3, was retired. The emotional ceremony at Yankee Stadium came two months before the baseball legend died.
1956---Top Hits
The Wayward Wind - Gogi Grant
I’m in Love Again - Fats Domino
I Want You, I Need You, I Love You - Elvis Presley
Crazy Arms - Ray Price
1963-President John F. Kennedy and other leaders condemned the assassination by a sniper of civil rights leader Medgar Evers in the back outside of his home in Jackson, Mississippi on June 12. The crime sparked numerous demonstrations this day as an outrage of the killing. The reaction to this killing spurred the Civil Rights Act of 1964.
Ten years after Medgar Evers’s death the national office of the NAACP reported that Mississippi had 145 black elected officials and that blacks were enrolled in each of the state’s public and private institutions of higher learning.... In 1970, according to statistics compiled by the Department of Health, Education, and Welfare, more than one-fourth or 26.4 percent of black pupils in Mississippi public schools attended integrated schools with at least a 50 percent white enrollment. When Medgar died in 1963, only 28,000 blacks were registered voters. By 1971, there were 250,000 and by 1982 over 500,000.
http://www.olemiss.edu/depts/english/ms-writers/dir/evers_medgar/
http://www.cr.nps.gov/nr/travel/civilrights/mainmap1.htm
1964---Top Hits
Chapel of Love - The Dixie Cups
A World Without Love - Peter & Gordon
Love Me with All Your Heart - The Ray Charles Singers
Together Again - Buck Owens
1966- The US Supreme Court rendered a 5—4 decision in the case of Miranda v Arizona, holding that the Fifth Amendment of the Constitution “required warnings before valid statements could be taken by police.” The decision has been described as “providing basic legal protections to persons who might otherwise not be aware of their rights.” Ernesto Miranda, the 23-year-old whose name became nationally known, was retried after the Miranda Decision, convicted and sent back to prison. Miranda was stabbed to death in a card game dispute at Phoenix, AZ, in 1976. A suspect in the killing was released by police after he had been read his “Miranda rights.” Police procedures now routinely require the reading of a prisoner’s constitutional rights (‘Miranda”) before questioning.
1967- President Lyndon Baines Johnson appointed Thurgood Marshall of Maryland to the Supreme Court, making him the first African-American appointed to this position.
1968 --* KEDENBURG, JOHN J. Medal of Honor
Rank and organization: Specialist Fifth Class, U.S. Army, 5th Special Forces Group (Airborne), 1st Special Forces. place and date: Republic of Vietnam, 13 June 1968. Entered service at: Brooklyn, N.Y. Born: 31 July 1946, Brooklyn, N.Y. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sp5c. Kedenburg, U.S. Army, Command and Control Detachment North, Forward Operating Base 2, 5th Special Forces Group (Airborne), distinguished himself while serving as advisor to a long-range reconnaissance team of South Vietnamese irregular troops. The team's mission was to conduct counter-guerrilla operations deep within enemy-held territory. prior to reaching the day's objective, the team was attacked and encircled by a battalion-size North Vietnamese Army force. Sp5c. Kedenburg assumed immediate command of the team which succeeded, after a fierce fight, in breaking out of the encirclement. As the team moved through thick jungle to a position from which it could be extracted by helicopter, Sp5c. Kedenburg conducted a gallant rear guard fight against the pursuing enemy and called for tactical air support and rescue helicopters. His withering fire against the enemy permitted the team to reach a preselected landing zone with the loss of only 1 man, who was unaccounted for. Once in the landing zone, Sp5c. Kedenburg deployed the team into a perimeter defense against the numerically superior enemy force. When tactical air support arrived, he skillfully directed air strikes against the enemy, suppressing their fire so that helicopters could hover over the area and drop slings to be used in the extraction of the team. After half of the team was extracted by helicopter, Sp5c. Kedenburg and the remaining 3 members of the team harnessed themselves to the sling on a second hovering helicopter. Just as the helicopter was to lift them out of the area, the South Vietnamese team member who had been unaccounted for after the initial encounter with the enemy appeared in the landing zone. Sp5c. Kedenburg unhesitatingly gave up his place in the sling to the man and directed the helicopter pilot to leave the area. He then continued to engage the enemy who were swarming into the landing zone, killing 6 enemy soldiers before he was overpowered. Sp5c. Kedenburg's inspiring leadership, consummate courage and willing self-sacrifice permitted his small team to inflict heavy casualties on the enemy and escape almost certain annihilation. His actions reflect great credit upon himself and the U.S. Army.
1969 --An unusual late season snowfall covered parts of South Dakota, Wyoming, Montana, and Nebraska. 10 inches of snow fell at Deerfield, South Dakota and 5 inches was measured at Great Falls, Montana.
1970- the Beatles' "Long and Winding Road" reached number one on the Billboard Hot 100 chart. The song was never released as a single in Britain, and Paul McCartney disowned the record after producer Phil Spector added a background chorus of women's voices. Nonetheless, it was reported to have sold 1.2 million copies in its first two days of release.
1971 - The New York Times began publishing the Pentagon Papers, a secret study of America's involvement in Vietnam.
1972---Top Hits
The Candy Man - Sammy Davis, Jr.
Song Sung Blue - Neil Diamond
Nice to Be with You - Gallery
The Happiest Girl in the Whole U.S.A. - Donna Fargo
1976-Don Bolles, investigative reporter for the Arizona Republic, died as a result of injuries received when a bomb exploded in his automobile, June 2, 1976, while he was engaged in journalist investigation of an alleged Mafia story. Bolles was awarded posthumously the University of Arizona’s John Peter Zenger Award, December 9, 1976.
1980---Top Hits
Funkytown - Lipps, Inc.
Coming Up - Paul McCartney & Wings
Biggest Part of Me - Ambrosia
My Heart - Ronnie Milsap
1984-- Severe thunderstorms produced large amounts of hail in the Denver, Colorado metro area. Hailstones as large as 4 inches in diameter fell. Homes and other buildings sustained around 200 million dollars in damage. Thousands of cars were battered with total damage to vehicles estimated at 150 million dollars. In some areas, golfball size hail fell continuously for 30 to 40 minutes. 20 people were injured by the giant hailstones. Torrential rains as much as 4.75 inches in Lakewood clogged drains and caused widespread damage from flooding.
1984 - The Jacksons' ``State of Shock,'' with Mick Jagger doing guest vocals, is released. The million-seller reaches No. 3 on Billboard's Hot 100.
1988---Top Hits
One More Try - George Michael
Together Forever - Rick Astley
Everything Your Heart Desires - Daryl Hall John Oates
I Told You So - Randy Travis
1988- Afternoon thunderstorms produced severe weather in the Southern and Central Plains Region. Forrest NM was deluged with 5.5 inches of rain in ninety minutes. Temperatures soared into the 90s across much of the eastern half of the nation, including New England. Northern Illinois reported a record twenty straight days of dry weather.
1990---Top Hits
Please Hammer Don t Hurt Em, M.C. Hammer
I Do Not Want What I Haven t Got, Sinead O Connor
I m Breathless, donna,
Pretty Woman, Soundtrack
1994-- At the age of 34, Cub second baseman Ryne Sandberg suddenly retires walking away from $16 million (due to personal problems, he said.) While he had been a notoriously slow starter throughout his entire career, his 1994 start was disastrous. Later, he admitted that he had been distracted at the time while going through a messy divorce. He came back for the 1996 and 1997 seasons, retiring permanently at the age of 37 with a career batting average of .285, and a record 277 home runs as a second baseman; this record was surpassed in 2004 by Jeff Kent. http://www.thebaseballpage.com/past/pp/sandbergryne/
http://www.geocities.com/Colosseum/Arena/6113/
2000---Top Hits
The Marshall Mathers ,Eminem
The History Of Rock , Kid Rock
Oops!...I Did It Again , Britney Spears,
Mad Season, matchbox twenty
2003 --On his fourth attempt, Roger Clemens becomes the 21st pitcher and the first since 1990 to record 300 career wins as the 40-year-old righty goes 6 2/3 innings in the Yankees' 5-2 inter-league victory over the Cardinals. In the second inning when Edgar Renteria swings through full-count fastball, the 'Rocket' also joins Nolan Ryan (5,714) and Steve Carlton (4,136) as just the third hurler to record 4000 career strikeouts.
2004---Top Hits
Confessions ,Usher
Under My Skin, Vvril Lavigne,
Here For The Party , Gretchen Wilson,
Musicology, Prince
2005 - Pop superstar Michael Jackson is found not guilty on all counts of his child molestation trial in Santa Maria, Calif. Jackson, 46, had been charged with molesting a 13-year-old cancer survivor in 2003, serving him wine and conspiring to hold the boy and his family hostage at his Neverland estate in order to get them to rebut a television documentary.
NBA Finals Championship This Date
1989 Detroit Pistons
1997 Chicago Bulls
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Baseball Poem
The Expert
Shirtless,
overweight
bleacher fan
spreads across
entire row
loudly
critiques
manager’s
lousy game
tactics
by using
intoxicated
logic.
Makes perfect sense. |
Written by Dan Zamudio
“Catcher in the Wry”
published by McFarland and Company
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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Daily Puzzle How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm
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