Available by e-mail in a text format, sent out at 3:00am, free:
---Swann/Fleming Tel. Press Conf.
######## surrounding the article denotes it is a “press release”
Classified Ads---Senior Management
Senior Management: Baltimore, MD
25 year veteran of commercial and equipment leasing seeking a senior management position with leasing or asset based financing company in the southeast (Florida preferred)
Senior Management: Chicago, Illinois
Twenty plus years. Senior sales and marketing management most recently Building "businesses" from scratch. Leveraging leadership, administrative, operations, financial, auditing background. WANTED: challenging new opportunity.
Senior Management: Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender looking for Western expansion mid-market equip. finance/leasing. 20+ years experience within Rocky Mountain/ Southwest and Ca markets.
Senior management: Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
Senior Management: Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager.
Senior Management: Long Island, NY
Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company where promises were not met. Interested in joining established firm with future. Email:email@example.com
Senior Management: Portfolio Management Consultant; 25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise. Email: firstname.lastname@example.org
Senior Management: San Francisco, CA., 25 years experience w/global leasing company, sales,marketing,business dev., P&L responsibility, asset mgmt, brokering and re- marketing. Interested in joining an est. firm with a future. Email:email@example.com
Senior Management: Somerville, NJ.
28 year veteran in Construction Equipment/ Transportation.
Full P&L responsibility, profit driven, team builder, sales manager, strong portfolio management skills. Will consider relocation.
View 94 Classified Ads at: http://126.96.36.199/LeasingNews/JobPostings.htm#sec10
Economic Events This Week
U.S. Productivity, 4th Qtr. final
Factory Orders: January
Sales of Leading Retailers: February
Weekly Jobless Claims
Consumer Borrowing: January
“Access to Capital”
Swann and Fleming Telephone Press Conference
by Kit Menkin
Equipment Leasing Association President Michael Fleming and Global Insight Senior Consultant Christopher Swann, Ph.D. unveiled the results in a telephone press meeting yesterday morning on the “Economic Contribution of the Equipment Leasing Industry.”
The first part concerned the background of the report, and its significance,
but the second part, question and answers, in an auditorium chat forum
procedure, one at a time, all seemed to center around the so-called “leasing
tax abuse” in the U.S. Treasury budget suggestions centered around what
they coin “Silo,” a word they made up, according to Michael Fleming.
The transactions are really sale/leasebacks to tax exempt entities. A lot of the
criticism from the congressional committees now seems to be on bank balances being required in the transaction. Those requiring like compensating balances in the bank are “unfair.”
At risk is anywhere from $10 to $15 billion from the $300 billion
spent yearly in leasing. The number from $10 to $15 billion could
be interpreted differently, they both said, due to real estate being
involved, plus “out of the United States” collateral.
This $15 billion number appears not to mean that much on Capital Hill
in the course of the budget, Fleming explained, but if your business, your product,
your services were part of this dollar amount, it would be significant to you.
Fleming had to go back to the basics for many of the questions, almost
as if he were a salesman explaining leasing for the first time to a prospect.
He also went into the granting of credit, requiring personal guarantees, a co-signer,
co- corporate guarantor, collateral, and other secondary sources of re-payment. He did an excellent job.
The questions asked and reaction by the media were very good examples
of what he was facing “on the hill;” particularly the difficulties he has
to overcome to explain that he sees this as a policy issue.
He did not see any “tax abuse,” as “there is nothing hidden or prohibitive”
in these large government or municipality “sale/leaseback transactions...They follow
the rules and all the laws,” he added.
“What should be relevant to tax deferment or tax exemption is the ability to acquire
modern equipment and capital, “ he said. ,”A good policy” was his goal. Both
government and the private sector need access to capital, now more than ever
before, was his main message.
He explained the basic concepts of “like kind” exchanges, the value of a lessor
utilizing depreciation either for a better “rate” or “ incentive” to grant approval
to a higher risk credit, and the basics of providing access to capital for not
only municipalities but also for both large and small businesses.
The purpose of the press conference began with Dr. Christopher Swann explaining
the significance and procedure of the 41 page report, particularly to look at
the industry and its affect during the recent various changes of the economy.
Fleming in explaining to “business reporters” perhaps summed up the report
best, saying, “ Al kinds of equipment are lease...Leasing is a mirror
of the economy, technology and non-technology equipment, all things,
all industries, all sizes, by small and large businesses. A new start-up
or a franchise, the first thing they want to do is lease.”
### Press Release #######################################
Equipment Leasing Association Releases Report on the Economic Impact of Leasing
Industry Produced $100 to $300 Billion Additional Real GDP, Three to Five Million Additional Job
Global Insight (www.globalinsight.com) and the Equipment Leasing Association (ELA) releases a study, The Economic Contribution of the Equipment Leasing Industry to the U.S. Economy, of the impact the equipment leasing and finance industry has on the U.S. economy and jobs. The study was conducted by Global Insight, a global economic and financial forecasting company, at the request of ELA in August 2003.
Key results of the study show that, over the 1997-2002 period, the equipment leasing industry:
Produced between $100 billion and $300 billion additional real GDP.
Produced between $227 billion and $229 billion additional real equipment investment.
Created between three million and five million additional jobs.
“The most important contribution of the equipment leasing industry lies in providing access to capital,” said Fleming, who has led the association for the last 25 years. “If leasing were unavailable many entities, from non-profit to private organizations, from tax-exempt entities to public companies, would not be able to acquire the equipment they need. This report clearly shows that when leasing is unavailable, the demand for equipment is curtailed.”
“Recently we had to restructure our financials to expand our entire plant and we were able to move quickly with leasing,” said Richard Viti, executive vice president and CFO of Tast i Twist Bakers, Inc. dba Delorio’s Frozen Dough Co., a $7.6 million commercial frozen dough processor. “We lease for a variety of reasons: convenience, shorter term around time, tax reasons, balance sheet management.”
But, Viti said leasing also helps with labor. “We’re in the position of growing and needing people. With leasing we acquired better equipment, faster, so we were able to reduce labor needed to produce our products and hired additional people to help sell them,” he said. “Also, with freed up capital, we were able to offer more competitive salaries and benefits when recruiting for upper management and administrative positions.”
The Global Insight study shows that, of the total $229 billion impact on equipment investment, more than one half ($122 billion) is concentrated in computer equipment. Industrial equipment categories - aircraft, especially transportation and industrial equipment - account for most of the balance.
“Leasing is the smartest way to invest in IT. This strategy gets us into an IT refresh cycle and is an affordable way to have the latest technology working for us. Plus, leasing lets us spread our IT costs out over time,” said Michael Strohmaier, IT manager, Delicato Family Vineyards, one of the leading family winegrowers in America.
Global Insight also estimated that an additional $120 billion accrues to the rest of the economy through additional spending on goods and services in markets that are peripheral to equipment markets.
Several factors exist to show why leasing’s fundamental contribution is critical, and why its value to the economy is so large, including:
Leasing, as a way of acquiring the use of equipment, cuts across goods-producing and services-producing industries in the U.S. economy.
Leasing is a crucial approach to acquiring a variety of equipment types, especially high-technology equipment, which is vital to innovation and growth.
Leasing arrangements are used by all sizes of businesses, even though their capital requirements may differ.
Fleming added, “Greater access to capital permits greater entry into markets than might occur without leasing. This third- party report reinforces what we knew: the leasing industry clearly has a significant, positive impact on the economy.”
ELA requested that Global Insight undertake the study to measure the value and contribution of the equipment leasing industry on the U.S. economy. Utilizing its state-of-the-art macroeconomic and industry models, Global Insight was able to evaluate the economic contribution to the U.S. economy.
A copy of the full study may be found at :
About The Equipment Leasing Association
Organized in 1961, the Equipment Leasing Association (ELA) is the premier non-
profit association representing companies involved in the dynamic equipment
leasing and finance industry to the business community, government and media. As
the voice of the leasing industry, ELA promotes the estimated $218 billion
industry as a major source of funds for capital investment in the United States
and abroad. ELA provides its members with comprehensive services, assists in the
resolution of industry issues, educates financial decision-makers on the
benefits of leasing and promotes high standards of business practices within the
industry. ELA maintains an informational portal for financial decision-makers to
learn more about leasing and find a leasing company at
http://www.LeaseAssistant.org. Headquartered in Arlington, Va., ELA has more
than 800 member companies and a staff of 25 professionals.
For more information on ELA, please visit ELA Online at
About Global Insight
Global Insight, Inc. (http://www.globalinsight.com/) is a privately-held company
formed to bring together the two most respected economic analysis, forecasting and
financial information companies in the world, DRI and WEFA. Global Insight provides the most comprehensive economic coverage of countries, regions and industries
available, using a unique combination of expertise, models, data and software
within a common analytical framework to support planning and decision-making.
Global Insight collects and delivers economic and financial information to
clients and also provides a broad range of consulting capabilities. With its
April 2003 acquisition of World Markets Research Centre, Global Insight also
provides the world's first same-day analysis and risk assessment service
covering 196 countries and 4 industries, providing insightful analysis of market
conditions and key events around the world. The company has over 3,300 clients
in industry, finance and government with revenues in excess of $70 million, over
600 employees and 23 offices in 12 countries covering North and South America,
Europe, Africa, the Middle East and Asia.
### Press Release ##############################
Orix Employees Still in the Dark?
“I've recently discovered
the leasing news site when a coworker brought it to my attention.
I would like to add a little tidbit, but as per usual I would prefer
that my name be withheld.
(name with held )
“Things have been real quiet for the last five weeks but this past week the rumor mill got hot and heavy again. Keep in mind that all of these things are unconfirmed as of right now due to the fact that reliable sources have either clammed up or been let go but here goes. First in an effort to reduce costs, starting 4/1/04 Dallas will give all Kennesaw employees the option of taking one unpaid day off per month. If not enough people agree to this, plans are on the table for a small workforce reduction sometime in late April or early May of between five and ten people. Don't now what departments will be effected at this time.
“Second, all of IT in Kennesaw is going to be let go. All IT functions will be handled out of Dallas as of 4/1. Not sure of total number at this time but wiil let you know when I find out. I also heard that they are offering the IT employees an extra month of severance if they agree to "cooperate with Dallas during the transition". The scuttlebut indicates that Dallas thought that the leaks to Leasing News was coming from within the Kennesaw office. Apparently they were disappointed when IT in Kennesaw was unable to come up with anybody who had been e-mailing your site from their Orix e-mail address. Therefore, as punishment the whole department is being let go. Makes you feel warm and fuzzy.
“The final thing, which is the biggest bombshell and still unconfirmed, is that Gary Corr has become so disenchanted at the way Dallas has been handling everything for the last four months that he is on the verge of resigning. From what I hear Dallas has already approached somebody in their office about possibly stepping in for Corr. The name I keep hearing is someone they call "Chris Smith".
“All in all they have done an excellent job over the past month of keeping everything quiet but now things seem to be getting hot and heavy again. Will let you know more when I find out.”
( name with held )
(name with held)
Name = Kurt W. Zimmerman
“After the execution of Jay's business plan, it was assumed that
Jay would be leaving
“As for what was left behind, well, it is sad to see that there is
not much left of
“A lesson should be learned by this kind of "Upper Management
Kurt W. Zimmerman
Getting into Leasing Sales
I was reading your newsletter today and took special interested in the remarks regarding the many individuals who contact you in an effort to get into leasing.
We at The National Companies have an interest in these folks who would like to learn about leasing and would take them on to teach them about the leasing industry and give them a chance to venture into vendor programs in numerous industries. Many people have a nitch in certain industries but are not quite sure how to take their knowledge into the leasing industry. Most leasing companies want someone seasoned in leasing and not willing to take the time to even listen or consider them.
The truth be know, we like these people !! In general they don't come in with any bad habits collected from other leasing companies who will remain nameless, they have fresh ideas and bring with them a wealth of knowledge about an industry or a product that they know inside and out.
In closing, I ask that you forward to any of these individuals my phone number and e-mail address. I would be more than happy to speak to them.
Susan M. Adamatis
Thanks for the plug for the Certified Leasing Professional Program. However, you should be aware that to qualify to take the test to become Certified, a candidate must have at least 5 years of experience in the equipment leasing or related fields.
Here are the requirements for qualification, as taken from the CLP Foundation's website:
Leasing professionals with the following prerequisites may apply:
1. At least five years of commercial finance or equipment leasing experience.
2. Acceptable character, ability and reputation.
3. Pledge, in writing, to adhere to the CLP Standards of Professional Conduct.
Again, thanks for your support.
Bob Teichman, CLP
Teichman Financial Training
3030 Bridgeway, Suite 213
Sausalito, CA 94965
"Providing training and education for the equipment leasing industry."
## Press Release ###################################
Synovus Named One of the Most Admired Companies in America by FORTUNE; Company Ranked Number Five in Consumer Credit Category
COLUMBUS, Ga.---Synovus (NYSE:SNV) has been named No. 5 in the Consumer Credit category on FORTUNE magazine's 2004 listing of America's Most Admired Companies. This is the first year Synovus has been named to the list.
FORTUNE describes this list as "the definitive report card on corporate reputations." Companies are ranked based on eight attributes: innovation, financial soundness, employee talent, quality of management, use of corporate assets, long-term investment, social responsibility and quality of products/services. The scores were accumulated based on surveys of executives, directors and securities analysts in each of the industries represented on the list.
"It is truly an honor to be named to this list," said Synovus President Richard Anthony. "To be admired by the leaders of some of the top U.S. companies is a tremendous affirmation of our commitment to manage our business the right way - responsibly, ethically, fairly and strategically."
Synovus (NYSE:SNV) is a diversified financial services holding company with more than $21 billion in assets based in Columbus, Ga. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 41 affiliate banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE:TSS), the world's largest third-party processor of international payments. Synovus is No. 20 on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2004. See Synovus on the Web at www.synovus.com.
CONTACT:Synovus, Columbus Media Relations Alison Dowe, 706/641-3781
#### Press Release #############################
Sacramento, California Area Brokers Dinner March 4th
The brokers of the Sacramento and surrounding areas will be gathering for our second dinner to discuss topics of interest and meet with fellow brokers and funders. We had a great response to our first dinner and hope to continue to bring a forum to our area. The topics will be " IRS Section 179 and Bonus Depreciation".
We are pleased to have Jason Cardinet, CPA, as the featured speaker. Jason Cardinet is a tax specialist and shareholder with the Roseville CPA firm, Bartig, Basler & Ray. He is the former Managing Director of Tax for Deloitte & Touche Sacramento and has more than 16 years of experience in individual and business tax. He is a Certified Public Accountant holding a Masters degree in Taxation from Brigham Young University. He resides in Roseville with his wife, Joan, and their 5 children.
The meeting is planned for Thursday, March 4th, to be held at Cascades restaurant . This beautiful restaurant is located at 1420 East Roseville Parkway, off highway 80 in Roseville. No host cocktails 6:30, dinner served 7:00 with time after for discussion, questions or socialize.
Dinner options: Pasta with Vegetables, Herb Chicken, Grilled Salmon or Roasted Pork Loin, to include salad and dessert.
Please make your reservations early. Contact Gloria Wagner at (916) 780-7885, or mail $45.00 per person to Financial Solutions Group at 2007 Opportunity Drive #5, Roseville, Ca 95678.
Should you have any questions contact Lori Littleford of BWC Equipment Leasing (888) 278- 1079 #232, Tom Cadle of Leasource (800) 991-0099 or Gloria Wagner of Financial Solutions Group (800) 700-3533.
**** Announcement ************************************
The Lessors Network March 11 & 12
Lease Origination, Funding & Distribution Showcase
Atlanta, GA | March 11 & 12 | The Ritz-Carlton, Buckhead
Rates mixed on T-bills
US mortgage market firms, wary on Treasury yields
Influx of ARMs boosting loan sizes
Car sales slip
The economy has lost 2.2 million jobs since January 2001, But Factories May Begin Hiring
Dollar Rises Against Euro; U.S. Jobs Growth May Prompt Fed to Raise Rates
Tech Revival Fueled by Sales to Government
EU slaps multi-million dollar trade sanctions on US
HSBC Says Profit Jumped 41% in 2003
Global chip sales up 26.6 percent in January
IRS warns consumers to avoid tax scams, find honest tax advice
Lawyer: Ex-Tyco CFO Admitted Mistake
Striking grocery workers approve agreement
Easier storage of DVDs
New devices offer ways to organize film collections
Bonds got steroids, feds were told
Slugger's trainer said to have given substances to several athletes
Jeff Garcia DUI hearing postponed for two weeks
California Nuts Brief---
Governor rallies Democrats in San Jose
“Gimme that Wine”
Vinexpo Americas Heads to Chicago This June
Napa Conference highlights luxury wine revival
Wineries: US - Massachusetts
This Day in American History
1776-Charleston, South Carolina, set up an independent government under a temporary local constitution that was to be in effect until an agreement with England could be reached. John Rutledge was chosen president on Marcy 17. The government, said to be the first independent government within the recognized borders of the colonies, successfully defended Charleston against the British army and fleet on June 28, 1776, thus freeing the South from attack for nearly three years.
1776- Americans begin shelling British troops in Boston. On March 17, the British evacuated Boston after American forces seized and fortified Dorchester Heights on March 4. General Howe sailed for Halifax, Nova Scotia, to await reinforcements.
1793-Birthday of Sam Houston, famed American patriot. Houston was a congressman (1823-27) and governor (1827-29) of Tennessee. He resigned his office as governor in 1829 and rejoined the Cherokee Indians (with whom he had lived for several years as a teenage runaway), who accepted him as a member of their tribe. Houston went to Texas in 1832 and became commander of the Texan army in the War for Texan Independence, which was secured when Houston routed the much larger Mexican forces led by Santa Ana, April 21,1836, at the Battle of San Jacinto. After Texas admission to the Union, Houston served as US senator and later as governor of the state. He was deposed in 1861 when he refused to swear allegiance to the Confederacy.
1807-The African slave trade was prohibited after January 1,1808 by an act of Congress, which outlawed importation of slaves into any place within the jurisdiction of the U.S.
1819- Territory of Arkansas organized . The eastern U.S. was slowly becoming urbanized, but the frontier, moving ever westward, was still the place for the vigorous outdoor activities associated with newly settled rural areas. Marksmanship was highly prized and involved such sports as squirrel shooting by four-man teams. On one occasion, a team shot 152 squirrels by nightfall and the other, 141. A brutal sport was the rough-and tumble fight. There were no rules and the two contestants were free to bite off ears or gouge out eyes until a fighter gave up or was knocked unconscious. By the way squirrel shooting is still popular today
in many regions.
1819-The first immigration law enacted by Congress established rules and procedures for passenger ships brining immigrants to the U.S. The most t important procedure was the numerical registry of immigrations, which made it possible to compile accurate statistics on immigrations in later years.
1828-Melissa Burton Coray born at Mersey, Ontario, Canada. At the age of 18 she accompanied her Mormon Battalion soldier husband, William Coray, on a 2,000-mile military march on foot from Council Bluffs, IA, to San Diego, CA, then 1,500 more miles across the Sierra Nevada Mountains and the Nevada desert to Salt Lake City, UT, the only woman to make the entire trip. On July 30, 1994, a mountain peak near Carson Pass was named for her, the 2nd peak in California to be named for a woman.
1829-Birthday of Carl Schurz, American journalist, political reformer and army officer in Civil War. Born near Cologne, Germany, he died at New York, NY May 14,1906.
1836- Texas adopted Declaration of Independence from Mexico.
1853- Territory of Washington organized after separating from Oregon Territory.
1861-The US Congress creates Dakota & Nevada Territories out of the Nebraska & Utah territories. One of the many things leading up to the Civil War were
territories and states being created that would become “free states” and
thus the “slave states” would lose their leverage in Congress, and the
fear that “slavery” would be abolished. On February 4, the Confederacy
was formed and earlier in the year states started seeding from the Union.
The creation of these territories was signed by President James Buchanan. Nevada Territory was formed from Utah Territory; Dakota Territory from Nebraska Territory. Abraham Lincoln would be inaugurated president in two days; Hannibal Hamlin was his vice-president.
1867- Jesse James-gang attempts to rob bank in Savannah MO, 1 dead. The attempted robbery on a private bank occurred 2:30 pm. March 2, 1867 in Savannah, east of St. Joseph, Missouri in Andrew County. There were five men in the gang, four men dismounted and entered the bank. Judge McClain refused to be robbed and put up an admirable defense. During the attempt Judge John Mc Clain was shot but lived. No money was stolen. http://web.islandnet.com/~the-gang/rob.htm
1877 - A United States electoral commission declared Rutherford B. Hayes president, the only American president to be elected this way. The original result had been too close to call, with several disputed ballots. The nation had never before faced a dispute over the results of a presidential election, although elections had been decided by congress several times due to electoral procedure results, but this was the first where a dispute was settled. A candidate needed 185 electoral votes to win and Samuel J. Tilden, the Democratic candidate, clearly had 184. In dispute were the 19 electoral votes of three states still under carpetbag rule—Florida, Louisiana, and South Carolina-plus one vote in Oregon. In Congress both parties agreed on January 29 to establish an electoral commission to decide the issue. The commission, with five members from each house of Congress and five members from the Supreme Court, was made up of eight Republicans and seven Democrats. All the commission’s decisions were to fall along party lines. On March 2, Congress accepted the commission’s decision, which awarded all the disputed votes to the Republican candidate Rutherford B. Hayes, who thus received 185 electoral votes to Tilden’s 184. The Republicans were accused of offering southern Democrats economic favors for their region if they supported Hayes’s claim. In any event, the new president showed a conciliatory attitude toward the South: the last Federal troops were withdrawn and there was no further effort to protect the rights of blacks. Reconstruction was over.
1888-The Grand Fountain Savings Bank, also known as the True Reformers Savings Bank, was chartered. It was the first bank for African-Americans operated by African-Americans. It began operations on April 3, with a paid-up capital of $4,000. The first day’s deposits were $1,268.69. The board of directors was elected by the society of the United Order of True Reformers, a group founded by William W. Browne.
1899-Mt.Ranier National Park established, located in the Cascade Mountains of Washington state, this is the fourth oldest national park.
1904-Theodor Seuss Geisel birthday, the creator of The Cat in the Hat and How the Grinch Stole Christmas, was born at Springfield, MA. Known to children and parents as Dr. Seuss, his books have sold more than 200 million copies and have been translated into 20 languages. His career began with And to Think That I Saw It on Mulberry Street, which was turned down by 27 publishing houses before being published by Vanguard Press. His books included many messages, from environmental consciousness in The Lorax to the dangers of pacifism in Horton Hatches the Egg and Yertel the Turtle's thinly veiled references to Hitler as the title character. He was awarded a Pulitzer Prize in 1984 "for his contribution over nearly half a century to the education and enjoyment of America's children and their parents." He died Sept 24, 1991, at La Jolla, CA.
1909-Melvin “Mel” Ott birthday, Baseball Hall of Fame outfielder born at Gretna, LA. Playing for the New York Giants, Ott hit 511 home runs, a National League record until Willie Mays surpassed it in 1966. Inducted into the Hall of Fame in 1951. Died at New Orleans, LA, Nov 21, 1958.
1912-drummer Red Saunders born, Memphis TN
1914-Martin Ritt birthday, American film and television director born at New York, NY. His best-known films are Hud (1963), Sounder(1972), and Norma Rae(1979.) He is perhaps best know
for his innovative television drama’s in the 50’s and 60’s. During the 1950’s he was blacklisted by McCarthy’s anti-Communist crusade. Died December 8,1990, at Santa Monica, CA.
1917-Desi Arnaz birthday. Born at Santiago, Cuba, as Desidero Alberto Arnaz y Acha III, to a wealthy family. The 1933 revolution sent them ( now improvished) to Miami, FL, and the young Arnaz sought a music career. Arnaz led his own band and introduced the conga line to America. He had several musical hits including “Babalu.” He moved into acting, meeting his future wife, Lucille Ball, at RKO. Ball and Arnaz created one of the great TV comedies, “ I Love Lucy,” 1951-1957) and started the innovative Desilu TV production company. Ball and Arnaz divorced in 1960. Arnaz died on December 2, 1986 at Del Mar, Ca.
1923- Arthel “Doc” Watson birthday, singer, musician (Riding the Midnight Train, Then and Now), born Deep Gap, NC. He first gained notice in 1961 with an engagement at Gerde's Folk City in New York's Greenwich Village. And his reputation was solidified with an appearance at the 1963 Newport Folk Festival. Watson relied heavily on traditional material - songs such as "Tom Dooley" and "Shady Grove." He recorded for Folkways and Vanguard records in the '60s. In the early '70s, Doc Watson's career was revived by a guest appearance on the Nitty Gritty Dirt Band's three-album set, "Will the Circle Be Unbroken."
1923-Orrin Keepnews, co-founder of Riverside Records, jazz writer and reviewer born New York City, NY.
1924-Harmonica player Alexander “Papa George” Lightfoot born Natchez, MS died 1971 Campbell, MS
1924 Eddie “Lockjaw” Davis Birthday
Tough tenor Eddie "Lockjaw" Davis is a gutsy hard-driving swinger who displays raw lyricism and real energy in his playing. Admired by all his fellow musicians, he was for a while closely associated with the Count Basie band, but also formed small bands with fellow tenor player Johnny Griffin in the 60s and Roy Eldridge in the 70s.
1925-Highway Numbers introduced. A joint board of state and federal highway officials created the first system of interstate highway numbering in the US. Standardized road signs identifying the routes were also introduced. Later the system would be improved with the use of odd and even numbers that distinguish between north-south and east-west routes.
1931-Tom Wolfe birthday, author, journalist (The Bonfire of the Vanities, The Right Stuff), born Richmond, VA.
1934 -Birthday of Dottie Rambo, contemporary gospel singer and songwriter. She has authored such country gospel favorites as "In the Valley He Restoreth My Soul," "Build My Mansion Next Door to Jesus" and "I Just Came to Talk With You, Lord."
1936-Andy Kirk Band records,” Walkin’ and Swingin’’ Decca 809.
1942-musician Eddie Money born Brooklyn, NY
1943- Protected by American and Australian fighters, 137 American Flying Fortress and Liberator bombers attacked a Japanese convoy en route from its base at Rabaul to New Guinea today 1943. All the transports and four of the destroyers were sunk and 3,500 Japanese troops were drowned. Of the 150 Japanese aircraft involved in the fighting, 102 were shot down. Of the 150 Japanese aircraft involved in the fighting, 102 were shot down. The Battle of Bismarck Sea was a major victory for the Allies, ending any efforts by the Japanese to send reinforcements to New Guinea.
1944- rock singer Lou Reed was born in Brooklyn, New York. He was lead singer and songwriter of the Velvet Underground in the late 1960s. The group's bleak outlook captured the attention of Andy Warhol, who made them a part of his "Exploding Plastic Inevitable" multi-media show, which toured the US and Canada in 1966. Lou Reed made a bitter departure from the Velvet Underground in 1970, living in seclusion for a couple of years. His solo career began in 1972, and his second album, "Transformer," was produced by David Bowie. From this LP, came Reed's only top-ten single, "Walk on the Wild Side." Reed's later albums ranged from commercial rock to grating instrumental noise. A live concert LP, "Rock 'n' Roll Animal," was certified gold in 1974.
1948-Guitarist, Larry Carlton born, Torrence, Ca.
1950-Birthday of singer Karen Carpenter. She teamed with her pianist brother as the Carpenters who became a highly successful pop duo during the 1970s. KC died in 1983 from anorexia nervosa. The Carpenters had 19 hits including "Close to You," and "We've Only Just Begun." Her battle with the disease that led to her death has been the subject of several TV movies and documentaries.
1951-The first All-Star Game of the National Basketball Association was played at the Boston Garden, Boston, MA, before a crowd of 10,094 patrons. The East team, coached by Joe Lapchick, defeated the West team, coached by John Kundla, by the score of 111-94.
1951-George Wettling’s Jazz Band (Sullivan, Hall, Davison) cut “Collier’s Climb.”
1957 - Teenage heartthrob Tab Hunter’s song "Young Love" was number one in the U.S.
and stays there for the entire month.
Young Love - Tab Hunter
Teen-Age Crush - Tommy Sands
Butterfly - Charlie Gracie
There You Go - Johnny Cash
1959- Miles Davis cuts "Kind of Blue" for Columbia. It is considered the number one jazz album
best seller today. It was originally released as a Columbia Jazz Club Member alternative,
and was considered advant guarde in its day.
1962-Jon Bon Jovi ( real name John Bongiovi) singer, songwriter ("You Give Love a Bad Name"), born Sayreville, NJ. Bon Jovi's melodic heavy metal on such chart-toppers as "You Give Love a Bad Name" and "Livin' on a Prayer" made them America's hottest rock band in 1986. Albums such as "Slippery When Wet" and "New Jersey" were multi-million-sellers.
1962-Wilt Chamberlain poured in 100 points, an NBA record, as the Philadelphia Warriors defeated the New York Knicks, 169-147, in Hershey, PA. Chamberlain made 36 field goals and a record 28 foul shots and set yet another record by scoring 59 points in the second half.
1963- Chubby Checker hosts "The Limbo Party" at San Francisco's Cow Palace. His special guests include Marvin Gaye, the Four Seasons, the Crystals, Lou Christie, Dick & Dee Dee, Paul & Paula and Herb Albert & the Tijuana Brass.
1964 - The Beatles "Twist and Shout" backed with "There's a Place" is released in the U.S. on Tollie Records, the fourth label to release a Beatle record in America. Also on this day, shooting began on The Beatles' first feature film A Hard Day's Night. The film was a black-and-white semi-fictional account of "a day in the life" of the Beatles, and included eight songs written specifically for the film. Richard Lester was director.
This Diamond Ring - Gary Lewis & The Playboys
My Girl - The Temptations
The Jolly Green Giant - The Kingsmen
I’ve Got a Tiger by the Tail - Buck Owens
1966-Left wing Bobby Hull of the Chicago Blackhawks became the first NHL player to score 50 goals in a season twice when he scored his 50th goal of the 1965-66 season in a 5-4 win over the Detroit Red Wings.
1966 --215,000 US soldiers in Vietnam.
1967- Winners of the ninth annual Grammy Awards for 1966 are announced. Record of the Year is Frank Sinatra's "Stangers in the Night." "Sinatra, a Man and His Music" is tabbed Album of the Year and Song of the Year is John Lennon and Paul McCartney's "Michelle."
1969-Phil Esposito, center of the Boston Bruins, became the first player in National Hockey League history to score 100 points in a season when he scored a goal in Boston’s 4-0 victory of the Pittsburgh Penguins.
1972-Pioneer 10: This unmanned probe began a journey on which it passed and photographed Jupiter and its moons, 620 million miles from Earth, in December 1973. It crossed the orbit of Pluto, and then in 1983 become the first known Earth object to leave our solar system. On Sept 22, 1987 Pioneer 10 reached another space milestone at 4:19 PM, when it reached a distance 50 times farther from the sun than the sun is from Earth. It was also the first spacecraft to carry a message intended to be read by living beings elsewhere in the universe. Bolted to the probe’s exterior wall was a gold-anodized plaque, six by nine inches in area, that carried a number of illustrations: drawings of a human man and woman, a star map marked with the location of the sun, and a second map showing the flight path of Pioneer 10. The message was designed by astronomer Carl Sagan.
Killing Me Softly with His Song - Roberta Flack
Dueling Banjos - Eric Weissberg & Steve Mandell
Could It Be I’m Falling in Love - Spinners
Rated "X" - Loretta Lynn
1974- Roberta Flack won three Grammy Awards for "Killing Me Softly With His Song." Best new artist was Bette Midler.
1978 - The coffin containing the body of actor-director Charlie Chaplin was stolen from a Swiss cemetery. Chaplin, who had died a year earlier, is considered one of the great geniuses of cinema. His body was recovered three months later, found in a cornfield 10 miles from the cemetery in Corsier-sur-Vevey, Switzerland, and the grave robbers were arrested. Chaplin's body was reburied in a vault surrounded by cement.
1979 -Over 1,100 Christian organizations combined to form the Evangelical Council for Financial Accountability (ECFA). This oversight agency was created to demonstrate to the public that religious groups wanted to make themselves accountable for the funds they raise and spend.
1979- the three-day Havana Jam, sponsored by CBS Records and the Cuban government, began in the 5,000-seat Karl Marx Auditorium in Havana. Among the acts appearing were Weather Report, Stephen Stills and Billy Joel. They were the first US pop artists to appear in Cuba in more than 20 years.
I Love a Rainy Night - Eddie Rabbitt
Woman - John Lennon
Keep on Loving You - REO Speedwagon
Southern Rains - Mel Tillis
1983-- Sony and Philips introduced their jointly-developed compact disc system.
The CD is a digital medium in which sound waves are replicated as a series of binary numbers on the 12 cm disc. A laser in the CD player reads the digital information, which is then translated into sound.
In contrast, vinyl records were traditionally recorded using analog technology, which replicates sound waves in the grooves of a record. The sound is transmitted through a needle vibrating in a groove via a cartridge to an amplifier. The major advantage of digital recording over analog is that it eliminates extraneous noise. In analog recording, a noise reduction mechanism is needed to minimize hisses and crackles. Within a decade of the CD's introduction, vinyl records had virtually disappeared from stores.
1984 - After 30 years in business, the first McDonald’s franchise closed in Des Plaines, Illinois. A new drive-in McDonalds opened right across.
1985 - For the first time, country singer, Gary Morris hit #1 on the country charts with "Baby Bye Bye" from his album, "Faded Blue".
1986 - Queen Elizabeth signed the Australia bill, formally severing the last constitutional ties with Britain.
1987 - Two sets of quintuplets were born, one set to Rosalind Helms in Peoria, Illinois, and another set to Robin Jenkins of Las Vegas, Nevada.
1987 - United States Government officials said the median price for a new home topped $100,000 for the first time. The six-figure price of $110,700, was up from $94,600.
Straight Up - Paula Abdul
Lost in Your Eyes - Debbie Gibson
The Lover in Me - Sheena Easton
I Sang Dixie - Dwight Yoakam
1991- Andrew Lloyd Webber's "Aspects of Love" closed in New York after 377 performances. It was the shortest run of any Lloyd Webber musical on Broadway. "Aspects of Love" was said to be the most expensive play in Broadway history, costing about two million dollars to open and running up expenses of eight million by the time it closed. Little of the investment was recouped during the show's nearly 11-month run. The British production was much more successful, running for more than three years.
1992- Second baseman Ryne Sandberg signed a four-year contract with the Chicago Cubs worth $28.4 million to become baseball’s highest paid player at the time, passing Bobby Bonilla of the New York Mets. The eight-time All-Star and nine-time Gold Glove winner retired in the middle of the 1994 season but retuned to the game ( at a far lower salary) in 1996.
1999-Bob Dylan is the opening performer at the House Of Blues at the Mandalay Bay Resort in Las Vegas. During the encore, Dylan performs with U2's Bono for a rousing rendition of "Knockin' On Heaven's Door.