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Classified Ads---Credit

    UPS Capital Closes Direct Leasing Business

        Bob Jacobson Found Alive and Well!!!

            Placard---If You Can’t Be on Time

                Fed Beige Report is Optimistic

                    Senate Takes Aim at Tax-Exempt Leasing

                Orix “Just Pay”

            “Encouraging” for Small Ticket and Middle Market Lessors

        IDS Names Ronald Dolan as Vice President of Sales

    Classified Ads---Help Wanted

News Briefs---

    Sports Briefs---

        California Nuts Briefs---

    "Gimme that Wine"

This Day in American History



########  surrounding the article denotes it is a “press release”




Classified Ads---Credit



Credit: Atlanta, GA. VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment leasing. Strong financial analysis and management skills. Experience developing and maintaining profitable customer/vendor relationships.


Credit: Atlanta, GA.

Senior Credit Officer in middle-market equip. finance, vendor, 3rd party, specialty, flow credit to the fortune 1000. Team builder, originations capable, strong work ethic, ability to multi-task. Email:



Credit: Atlanta, GA.

10 yrs experience in

credit/collections/recovery/documentation in the leasing industry. P&L responsibility,

team builder & strong portfolio mgnt


Credit: Boston Ma.

Challenging position where my skills, professional experience, organization, leadership, strategic thinking, creativity, energy, passion, competitive nature will enable me to define opportunities and personal development.



Credit: Corona, CA.

VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If you are looking for someone to affect the bottom line I am that person. Will relocate.


Credit: Danbury, CT.

Skilled in team building, management & training.Seasoned credit, portfolio and risk management professional. Experienced

in developing, implementing underwriting, portfolio management policies &


Credit/Documentation: Fort Lee NJ

3 Years Experience. Looking in NJ/NY. Email:


Credit: Long Beach, NY. Credit officer w/more

than 20 years of experience. Seeking position in which I can utilize my credit-collections, communication &management skills.



Credit: Los Angeles, CA

Over 15 years experience in Credit/Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders.


Credit: Mill Valley, CA

Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise.



Credit: New Jersey, NJ

Credit Analyst with 10+ years experience in small-ticket lending up to $500,000. Experience with both vendor-direct and with brokers.Email:


Credit: New York, NY

3+ years of leasing credit / contracts experience. Currently in the leasing industry and moving to NY! Exp. working at both funding source and broker.Email:



Credit: New York, NY.V.P. Credit & Collections w/23 years exp.looking for a situation where I can utilize my varied & extensive knowledge of credit/ collections/risk-management & leasing.


Credit: New York, NY Credit officer with

banking and leasing background; strong analytical and communication/PC skills with lending and portfolio management experience. Email:



Credit: San Francisco, CA. 10+ years Credit Analyst experience underwriting for a direct lessor, regional bank and vendor leasing company. Have CLP and will make decisions ( won't rely on a FICO score for enlightenment.) Email:


Credit Manager: Westlake, OH

7+ years Credit/Underwriting experience Comp lit. Please email me for copy of job description at


   full listing of all jobs wanted at:





UPS Capital Closes Direct Leasing Business


According to a UPS Capital spokesman, the direct leasing division was closed on February 26 with 30 employees let go.


UPS Capital is no longer involved “ in direct origination of leasing and asset based lending, “ due to “process and design.”  The company will still remain active in the capital market place, working with other lenders, brokers, and participating in other asset based lending---but not going direct.


According to their website,,

 “Typical transaction sizes are between $25,000 and $25,000,000 with terms between 12 and 120 months. We offer tax, non-tax, capital or operating leases and synthetic leases.”


“UPS Capital Corp. is a wholly owned subsidiary of United Parcel Service. Its mission is to provide a comprehensive menu of integrated financial products and services that enable companies to maximize their supply chains to grow their business. UPS Capital is based in Atlanta, Georgia.”





Bob Jacobson Found Alive and Well!!!




Leasing News has printed several “Pictures of the Past” regarding

former equipment leasing industry Bob Jacobson.   On February 12

of this year, we ran the above photograph, and wrote:


In 1983, Robert S. Jacobson, III, was the Western Association of Equipment Lessor vice-president.  At the time he was vice-president, National Broker Division, Tri-Continental Leasing Corporation, a division of Bell Atlantic, a major telephone company.  A WAEL Leasing Conference was not the same without him. He had served as vice present and member of the Executive Committee. In 1984 he

would become president of the association now known as the United Association of Equipment Leasing.


He was recruited by Don Smith and Hy Bren of Interlease, San Francisco in 1974, from Union Bank. Don died of a heart attach while playing tennis in Tiburon, and his then partner Hy Bren went on to form his own company, finally joining Matsco, Emeryville, California, where he was a star salesman and sales personnel recruiter,

retiring last year.


Bob learned from the great advertiser/promoter Don Smith at Perry’s on Union Street about “discounting” to start his own leasing company in 1975, which was sold to a holding company where he remained president until forming Leasing Acceptance. where Ben Millerbus was the sales manager. They had a direct sales force.  In the next downturn of the industry, 1978, the company split up: Millerbus left to start Pentek Leasing, San Jose, California. He later he sold it in 1982 to Alaska Pacific Bancorporation, which in turn was sold to a large Upstate New York bank. Millerbus didn’t stay retired long, forming Pentech Financial Services in Campbell, California with the backing of John Otto, plus was co-founder of Silicon Valley Bank ( he has recently formed a group to start a commercial bank again ).


Jacobson, well-known for his late night poker games, set up a broker “private label” operation called Tri-Continental Leasing, then located in Mountain View, California. In one of the next economic down turns, the telephone company divested itself of this division, shutting down their branch operations. Bob then went to work for Amembal, Deane & Associates doing lease training across the country. From memory, he was here about a year before he left the leasing business to join Hewlett-Packard, reformed, reportedly doesn’t gamble, and last heard was involved in managing an engineering department. He and his family live in the Half Moon Bay area, California, where he commutes to work (just like John McCue of McCue Systems, Inc.)


Attempts to reach Jacobson him for a statement of the industry have gone unanswered. He has been “annoyed” at Kit Menkin for several years for not attending his birthday party, and that’s Bob.


                    The Good News ! ! !


   Cheryl and Bob Jacobson are Alive and Well in Lake Tahoe



“Periodically, Jim Swander has forwarded to me tidbits from your newsletter that pertain to me.  I thought I'd give you an update if you care to include in any future issue.


“As you all know, I had become passionate about technology during my final years in the leasing industry.  After Bell Atlantic Tricon decided to close the broker division in the early 90's, I devoted about a year to building up a computer BBS (Bulletin Board System) out of my home.  One of my users was a manager at HP Laboratories in Palo Alto.  He made me a job offer to join HP as a temporary I.T. worker, installing computers at the labs.  That progressed to a full time engineering job where I eventually became a department manager in charge of inventing disruptive technologies. 


“After about 5 years, my natural core competency of B*S* took over, and I was sent into the field.  I ended up being a Business Development Manager for Europe, and then Asia.  My job was to negotiate the multi-million dollar alliance and partner relationships for HP overseas.  After 300,000 miles of travel per year and 270 nights in hotels every year for a 4 year period, I finally had to get out in 2002. 


“Cheryl and I found ourselves in Lake Tahoe over a holiday, and fell in love with the area!  We sold our home in Half Moon Bay, bought a house up here, and then tried to figure out what we wanted to do for work.  I thought that maybe being a blackjack dealer would be a great change of pace!  I was accepted into Harvey's black jack school, but when Cheryl found out, she told me absolutely not.  She didn't want me in the smoke filled, booze filled, environment.  I learned a long time ago that I wear the pants in the family, but she tells we what color and which leg to put in first.  :-)


“So, Marriott opened up a timeshare resort in Heavenly about that time.  I called up and they immediately took me on board.  I've been selling vacation ownership here in Tahoe since May '03.


“I'm still sober, don't gamble anymore, and love living in Paradise!!

Attached is an updated picture they took at HP a couple of years ago.


“I think about all my friends in the Leasing Industry many times.  I try to keep up with what's happening to all my old friends as much as I can.  If anyone wants to email me, my email address is  And, Kit, you are totally forgiven for standing me up on my birthday dinner so many years ago. :-) 


“Bob Jacobson”




Placard---If You Can’t Be on Time...






Fed Beige Report is Optimistic



Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector.


Economic activity continued to expand in January and February, according to information received by Federal Reserve District Banks. Growth was variously described as moderate in Boston, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis, and Kansas City, firm in Minneapolis, sound in San Francisco, and showing signs of accelerating in New York, Richmond, and Dallas.


Consumer spending rose in most Districts. There were gains in sales of general merchandise in January and February in all Districts except St. Louis, which reported a slight decline. In contrast to the general improvement in merchandise sales, motor vehicle sales slowed in most Districts. Tourism activity increased compared to last winter. Service sector activity has been expanding. Manufacturing output continued to rise in all Districts except Cleveland, where it has been steady. Real estate market conditions showed little change: commercial markets generally remain soft and demand for housing continues to be strong. Agricultural conditions were mixed: demand for beef appears to be recovering from the effects of mad cow disease but exports of poultry products have been curtailed by the outbreak of avian influenza. Oil and gas production remain at high levels and iron ore processing has increased. Bank lending has been growing moderately.


Employment has been growing slowly in most Federal Reserve Districts. Wages and salaries have increased slightly, but employers report substantial increases for employee health-care costs. Most Reserve Banks reported level or modestly increasing retail prices, but information received from manufacturers and other businesses indicates that commodity prices have moved up more noticeably. The largest increases have been for steel and for lumber and other building materials. Shipping charges have also risen recently.


Consumer Spending

Retail sales of general merchandise rose in most Federal Reserve Districts in January and February. Strong or strengthening sales were reported in New York, Richmond, and Dallas. Sales growth was moderate in Boston, Philadelphia, Chicago, Minneapolis, Kansas City, and San Francisco. Retailers in Cleveland said sales met or exceeded their expectations. Retail sales in Atlanta moderated slightly in February but remained above the level set in February last year. St. Louis retailers said sales declined slightly relative to a year ago. Spring apparel was said to be selling well in New York, Philadelphia, Cleveland, Richmond, Atlanta, St. Louis, and Kansas City. Sales of electronics, appliances, and home furnishings were relatively strong in Cleveland, Richmond, Atlanta, St. Louis, and Kansas City. Jewelry was selling well in Atlanta and St. Louis. Reports on retailers' inventories across the 12 Federal Reserve Districts indicated that store stocks were mostly in line with sales. Stores were still receiving spring merchandise, but retailers were generally maintaining conservative inventory plans.


Nearly all Districts reported that auto sales slowed during January and February and compared to a year ago. The exceptions were Boston, where sales picked up in February after falling in January, and Philadelphia, where sales were about steady. Auto dealers in several Districts attributed the falloff in sales to cold or stormy weather that kept shoppers off the lots. With the slowdown in sales, dealers' inventories increased.


Tourism activity has improved. Bountiful snowfalls in mountain areas gave a boost to ski resorts, according to Richmond, Chicago, Minneapolis, Kansas City, and San Francisco. Richmond and Atlanta reported good business at beach resorts, and in New York and San Francisco hotel occupancy increased compared to last year.



Service industry activity moved up in the Districts reporting on this sector. Boston and St. Louis noted increased demand for information technology services. St. Louis also indicated that demand for insurance and health-care services increased, but financial services and transportation activity eased. In the Dallas District, accounting and consulting firms were seeing increased activity compared with the final quarter of last year. In San Francisco, demand has strengthened for media, high-technology, and health-care services. In Richmond service sector business was steady to somewhat improved.


Transportation activity has increased in most parts of the country. National freight companies based in Richmond indicated their business has improved and trucking companies have seen increased activity in Cleveland and Atlanta. Trucking was said to have slowed seasonally in Dallas, but railroads in the Dallas District noted robust activity. Trucking companies reported increased costs for fuel and they said labor costs have increased as a result of recent regulations limiting drivers' hours. Nonetheless, Chicago and Cleveland indicated that sales of heavy trucks have increased.



Manufacturing activity rose during January and February in 11 of the 12 Federal Reserve Districts. The exception was Cleveland, where factory production rates were said to be steady. There were notable increases for electronic and electrical equipment in Philadelphia, St. Louis, and Dallas, and semiconductors in Boston and San Francisco. Cleveland and Chicago indicated that steel production had increased, and Philadelphia and St. Louis indicated that output of metal products had risen. Production of heavy trucks increased in Chicago, and auto and auto parts production increased in Cleveland and St. Louis, although the increase was said to be seasonal. Atlanta and Dallas noted increased output of lumber, and Richmond and St. Louis reported gains in furniture production. Other manufacturing industries in which expanding activity was noted were biopharmaceuticals (Boston), machine tools (Chicago), aerospace (St. Louis), and chemicals (Cleveland and Chicago). In a few industries reports were mixed. Food processors posted gains in Dallas but declines in St. Louis. Richmond District textile producers were gaining business but there were textile plant closings in the Atlanta District.  Real Estate and Construction

Commercial real estate market conditions have shown little change in most Districts. Continuing high vacancy rates, slowing leasing activity, and downward pressures on rents were reported by Boston, Philadelphia, Cleveland, Chicago, and Kansas City. Conditions in major commercial real estate markets were mixed in the St. Louis and Minneapolis Districts. Despite the generally slack and unchanged market situation in most parts of the country, a few Districts noted some signs of improvement. In New York and San Francisco vacancies have moved down slightly and rents have begun to recover. Leasing activity has picked up in the Washington, DC area of the Richmond District.


Residential real estate markets continued to be strong in the majority of Districts. Although cold temperatures and winter storms interrupted home building in some areas in January, housing demand generally remained high. Recent gains in home sales and building activity were noted in New York, Philadelphia, Chicago, Dallas, and San Francisco. In Atlanta, St. Louis, Minneapolis, and Kansas City residential real estate activity continued at high levels. In Richmond the housing market was said to have slowed recently, but builders expect activity to pick up. Overall, builders and real estate agents in most Districts expect home sales in 2004 to be close to the 2003 sales record. Home price appreciation was characterized as steady in most Districts with the exception of San Francisco where the rate of increase was said to have slowed somewhat recently.



Agricultural conditions have been mixed. Good citrus crops were reported in the Atlanta and Dallas Districts, although there was some concern in Atlanta that world supplies might exceed demand at current prices. Beef prices were still declining in Chicago and St. Louis while San Francisco reported that they have firmed and Dallas noted that prices and demand had not been affected as much as expected. Chicago reported increased prices for corn, soybeans, and milk. Dry weather in the Kansas City District has adversely affected winter wheat and led some cattle producers to postpone expanding their herds, and ice and snow in the Richmond District has limited grazing there. The outbreak of avian influenza has curtailed exports of poultry from the Philadelphia, Atlanta, and Minneapolis Districts.  Natural Resource Industries

Federal Reserve Districts reporting on the energy sector noted generally strong, steady conditions in January and February. Drilling activity has been fairly level in recent months in the Kansas City and Dallas Districts, but Minneapolis noted a slight decrease in exploration activity. San Francisco indicated that natural gas producers were operating close to full capacity. Rising worldwide demand for steel has stimulated increased iron ore production. Minneapolis reported that iron ore producers in that District were operating at full capacity and ore prices were rising.  Financial Services and Credit

In most Federal Reserve Districts lending by commercial banks grew moderately in January and February. Lending to business firms was rising in Philadelphia, Richmond, Dallas, and San Francisco. In Chicago, lending to small businesses was on the rise while overall business lending was described as flat. Commercial bankers in Richmond and Atlanta said demand for business loans has been restrained as firms are reluctant to increase capital spending. Demand for personal loans, including credit cards, appeared to have eased in New York and Philadelphia, remained steady in Dallas, and increased in Chicago. Mortgage lending declined in Atlanta, Dallas, and San Francisco, and increased slightly in Richmond and Chicago.


Changes in deposits have been mixed. Banks in the Atlanta District have generally had steady growth, but growth has slowed in Cleveland and Dallas where bankers think investors are moving money out of bank deposits and into debt and equity market instruments. Banks in the Kansas City District indicated that their deposit levels have been steady.


Employment and Wages

Federal Reserve Districts reporting on employment generally noted modest increases in January and February. Boston indicated that temporary help agencies were placing more workers in manufacturing, software development, and government. There has been increased demand for temporary help workers in customer service and sales positions in the Richmond District, in office and health-care jobs in the Dallas District, and for a variety of jobs in the Chicago District. Employment agencies in New York indicated that they have been experiencing gradual increases in demand, and professional employment agencies in the Washington, DC area of the Richmond District have boosted their own staffs in response to increased business from their clients. San Francisco District employers in the retail, construction, and agricultural sectors have been increasing their hiring moderately.


Reports on wages indicated that increases continue to be moderate. However, the rate of increase in benefit costs continues to exceed that of wages. Medical insurance and workers' compensation insurance fees remain on the rise in most Districts, although the rate of increase does not appear to be accelerating.



Most Reserve Banks reported fairly stable or slowly rising retail prices in January and February, but accelerating increases in some industrial commodity prices. Steel prices have increased, and prices of iron ore and scrap metals have risen as well. Prices of lumber and other materials used in home building were on the rise in most Districts. Energy prices, especially natural gas, remained high in most Districts and Atlanta noted price increases for petrochemicals. Cleveland noted rising rates for shipping by truck and Chicago reported rising costs for overseas shipping, primarily due to increased costs for ocean transport.


Full reports by District:



New York






St. Louis


Kansas City


San Francisco


Full Report with all Districts included:




                                Senate Takes Aim at Tax-Exempt Leasing


The U.S. Senate began debating a corporate tax bill yesterday that ends corporate tax deduction claimed for leasing public works, which also was outlined in congressional  hearings  under Senator Chuck Grassley, Republican from Iowa.


The Democrats' are looking in a different direction, trying to stop federal contractors from using government funds for outsourced jobs.


They plan to follow that with a bid to require companies that send jobs, including service work, overseas to report how many jobs would be moved, where and why. It expands laws requiring manufacturers to warn employees of mass layoffs and plant closings.


The Republicans are focusing on tax abuse citing off-shore companies such as

Tyco and “sale/leaseback” tax exempt transactions, particularly overseas.  They

have coined the word SILO ( Sale In, Lease Out.)


The Big-Ticket Leasing Coalition on Tuesday released a study shedding new light on the impact of the leasing tax-increase proposals advanced by the Senate Finance Committee and by the Treasury Department. 26 actual leasing transactions involving municipalities were the basis of the study by Clark Consulting.


"In terms of providing an efficient benefit to cash-starved municipalities, these lease transactions are comparable to tax-exempt bonds. said Coalition leader Kenneth Kies, Managing Director of the Federal Policy Group of Clark Consulting. “Leasing provides State and local governments with an efficient means of financing transit and other improvements – a critical tool that could not easily be replaced if the proposed legislation is adopted.”


The American Transportation Association, which represents public transit authorities, says that shutting down SILOs will hurt cash-strapped localities, which count on the money raised in these deals to help fund infrastructure projects. The Association estimates localities would lose out on $1.2 billion in payments over ten years.





Orix “Just Pay”


This was sent  as “.... insight into the group from Dallas that is taking over
the group from Kennesaw.” This is from the ORIX Capital Markets own website

The story is not that the shirt was misspelled.  The hats and shirts are to

be worn proudly, and say, “ Just Pay.”  In the website, the shirt says, “Just

Play,” which most likely is a typo, but may not be.




But if you read the Economist story as to the idea of this promotion, on the Orix web site itself, it concerns tenants not paying after 9/11 and the landlord

asking for a re-structure, and  Orix’s position on this:



“Mortgage bonds and real estate

Just pay

May 16th 2002 | NEW YORK

From The Economist print edition


(this is an abbreviated version )


“This foreclosure notice, however, was sent by the Dallas-based subsidiary of ORIX, a Japanese finance company that services an $800m mortgage-backed security, including a $14m mortgage on 110 Greenwich and more than

100 others around the country. ORIX is paid to collect loan payments and also has a position in the riskiest slice of the mortgage-backed offering, which means that it takes the first hit if any loans sour. Not surprisingly, it is staunch defender of creditor rights.


“’We have an obligation to the certificate holders,’ says James Thompson, chief executive of ORIX CapitalMarkets. Unsurprisingly the owners of 110 Greenwich believe this is shortsighted.’


“During the World Trade Centre attacks, the windows blew out at 110 Greenwich, and flying girders damaged the roof. Every inch of the building was covered by thick soot. Many tenants worked in or near the centre. Although none was hurt, some had narrow escapes, including the building's superintendent, who went into premature labour while desperately hunting for a child who had been in day care.


“For two months after the attack, soldiers blocked access. Utility companies cut deep trenches for vital new connections. Several nearby buildings were abandoned. Undeterred, the owners of 110 spent $400,000 cleaning it, with $170,000 coming from insurance, and $230,000 from reserves and new investment.


“At least two reorganisation plans were submitted to ORIX, the first in February when conditions were especially dire, the second in April when things were somewhat better. Both plans sought to postpone debt payments, and

to reduce them to cover interest only. ORIX refused to negotiate. Meanwhile, re-letting continues apace, bringing life to a damaged street. Almost all the units at 110 Greenwich are now let, albeit at lower rates. But two days

after the new rent roll was submitted in late April, ORIX filed for foreclosure.

“The owners are contractually obligated to pay, and they are capable of paying,” says Mr Thompson. Conceivably, the property could revert to the creditors. If the reconstruction of lower Manhattan continues its positive course, the result could even be an investment coup. Not long ago, everybody on Wall Street believed

financial markets should always work this ruthlessly.”


Here is the full version:


For more on Orix, please go here:





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


Equipment Leasing Industry Future Council Reports “Encouraging” Outlook for Small Ticket and Middle Market Lessors in 2004


Large Ticket Lessors Continue to Battle Legislative and Regulatory Challenges


Arlington, Virginia—The Equipment Leasing and Finance Foundation, a non-profit organization providing vision for the equipment leasing and finance industry through future-focused information and research, has released its 2004 Industry Future Council Report (IFC). The Industry Future Council (IFC), comprised of senior leasing industry executives, convened its 23rd annual conference earlier this year to discuss the current state of the industry, identify forces driving the industry, predict the future of the industry, and recommend actions the industry and individual firms must take for future success.


“The IFC Council members were encouraged at the outlook for the small and medium ticket segments, while large ticket lessors remain under significant stress,” said Lisa Levine, CAE, Executive Director of the Equipment Leasing and Finance Foundation.  “The biggest concerns, especially to large ticket lessors, are proposed legal and regulatory changes that are having an impact on leasing volume even before they become effective. “


Lessors are confident that they have adequate capital to grow their business in the near future. Lessors also believe that competitive pressures will lead to further consolidation and a decreasing number of lessors over the next three years.  This foretells continuing competition among a smaller number of players, keeping pressure on returns potentially limiting the total availability of capacity due to credit concentration issues.  Innovation continues, but it appears to be more focused on process and efficiency than on creative structures. 


Key predictions from the report are that:


Interest rates will remain low for the next year, but would trend higher over the next five years. 


Competition will remain intense among leasing companies, due in part to consolidation and those exiting the marketplace.


Banks will continue to manage their tax capacity centrally, which some speculate could lead to more comparative analysis of the returns available from bank-owned leasing operations vs. funding third party leasing companies as an asset class. 

Regulation impact is expected to continue.  It is predicted that accounting and regulatory restrictions will lead to a sharper distinction between operating leases and finance leases,  resulting in a shortening of lease terms under certain circumstances.


Leasing companies with best practices in deal generation and customer care will have the competitive edge.


 The future of leasing appears to be directed at doing things differently, as well as doing different things. When leasing companies are created now, they are likely to be built around new efficiencies in doing what leasing has done traditionally.  Tax and account regulations will continue to provide challenges to lease structures, and the creativity of the industry will be tested constantly.    Regardless of change in conditions, the traditional resiliency and creativity, which has characterized the equipment lease finance business since its inception, is expect to provide new solutions for the leasing industry – an important source of capital for American’s growth.


Equipment leasing continues to be the most widely used method of asset-based financing in the U.S., accounting for approximately one-third of external financing of total capital investment. The 2004 estimate for leases is $218 billion out of $709 billion in total new business equipment investment.


A copy of the survey may visit  to download the PDF file.




About The Equipment Leasing and Finance Foundation


The Equipment Leasing and Finance Foundation is a 501c3 non-profit organization that provides vision for the equipment leasing and finance industry through future-focused information and research. Primarily funded through donations, the Foundation is the only organization dedicated to future-oriented, in-depth, independent research for the leasing industry. Foundation products include the Industry Future Council Report, the State of the Industry Report, and the Journal of Equipment Lease Financing and numerous research reports. Established in 1989, Founders include leasing industry member Paul S. Gass, the Equipment Leasing Association, and others. Visit the Foundation online at



Lisa A. Levine, CAE

Executive Director

Equipment Leasing and Finance Foundation - Your Eye On the Future

4301 N.Fairfax Drive, Suite 550, Arlington, VA 22203




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



International Decision Systems Names Ronald Dolan as Vice President of Sales



MINNEAPOLIS, Minn., USA, – International Decision Systems, Inc. (IDS) has named Ronald Dolan as Vice President of Sales. Dolan will lead the domestic (U.S. and Canada) sales team in effective strategic growth.


IDS is the world’s largest developer and provider of lease/loan accounting and portfolio management software – working with over half of the top 100 leasing companies worldwide – offering consulting, implementation and technical support services to its clients.


IDS is planning to aggressively expand its sales organization to address market needs and deliver on best of breed solutions. “Drawing on over 20 years of professional sales, business development and management experience, Dolan is uniquely positioned to lead our Sales team,” said Anthony Laudico, IDS Chief Operating Officer. “IDS is committed to continue bringing the best product in the industry as well as the next generation of software to even more of the world’s leading leasing companies.”


Before joining IDS, Dolan worked for a variety of technology companies, where he successfully led account management sales teams and spearheaded international marketing efforts, gaining new clients while maintaining loyal customer bases.


About International Decision Systems

International Decision Systems (IDS) is the global leader in developing lease/loan accounting and portfolio management software and services. Headquartered in Minneapolis, Minnesota, IDS has offices in London, Sydney, and Singapore. IDS offers the largest and most experienced global consulting, implementation, and technical support teams in the leasing industry.


InfoLease, the world’s premier lease/loan portfolio and asset management system, comprises the foundation of IDS’ product line. With a web-enabled front-end and more than 70 custom add-on solutions, InfoLease is the most adaptable and scalable lease/loan technology available in today’s marketplace. IDS and InfoLease are registered trademarks of International Decision Systems. For additional information about International Decision Systems, visit <> .



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



Classified Ads---Help Wanted



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800-836-7753 ext. 107

About the Company: A successful, well-respected broker, well-established family owned broker with outstanding funding capabilities. Located in Scottsdale, AZ.


Sales: Tired of working on commission and not getting your fair share of the split?
We pay up to 60% of gross margin +residuals !! Contact Michael Wagner @
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Balboa Capital Logo

"Sr.Sales Exec. 5+yrs exp. 10-150K market. Current deal flow and superior closing skills a must. No geo. restrict./satellite office ok. Use our internal line/prefund ability, provides support you need to reach W2 goal. Our 16 years TIB stands alone."

About the Company: Balboa Capital. 2010 Main Street 11th Floor Irvine, CA. 92614

Seeking experienced Vendor Sales Manager to build world class small-ticket vendor sales team in Southern California.





News Briefs----


With Interest Rates Down, Refinancings Hit Seven-Month High


Gateway to reduce force by 1,000 jobs


Bay Area home prices not rising as quickly as other areas

Fresno takes top spot in survey's national ranking


Court Order Doesn't Alter FCC High-Speed Rules




Sports Briefs----


Bonds tale a bitter pill to swallow


Gannon, Rice, Brown keepers for now


Randy Moss to Miami or Arizona?


Johnson Is Close to a Reunion With Parcells


Wednesday's College Basketball






California Nuts Briefs---


Schwarzenegger Demonstrates Strength With Ballot Triumph


Bond passage spurs agencies to improve state credit rating




“Gimme that Wine”


In Tense Napa Trial, Bryant Discusses Winery Disputes with Turley,1145,2365,00.html


Mendocino Becomes First County in Nation to Ban Genetically Modified Crops,1145,2364,00.html


Sofia celebrates Oscar with dad's wine brand



In defense of pinot grigio


Everett Ridge winery sold to Florida couple


Bodegas Montecillo Announces New White And Red Wines


China's growing thirst for foreign wine




This Day in American History


March 4, 1927 Cy Touff Birthday


=========Early American History=========

=========Colonial Times=========

=========Westward Expansion=========

=========Civil War—including pre and post=========

=========Gilded Age=========

=========World War I --pre and post=========


=========Post World War II=========








=========Early American History=========

    1636—The oldest extant house of the English-speaking colonies, the Adam Thoroughgood House, was built near Norfolk, VA.  Its design typified that of the small southern colonial brick farmhouse of the seventeenth century.


    1636-The oldest frame house still standing in the U.S., the Fairbanks House, was built at Dedham, Mass.

1681-Pennyslvania goes to William Penn: to satisfy a debt of £16,000, King Charles II of England granted a royal charter, deed and governorship of Pennsylvania to William Penn.

=========Colonial Times=========

    1747-American revolutionary hero Casmir Pulaski born at Winjary, Mazovia, Poland, the son of a count; he is also known as the father of the American Calvary. Reportedly he did not speak English.  He was a patriot and military leader in Poland’s fight against Russia of 1770-71 and went into exile at the partition of Poland in 1772.  He came to American in 1777 to join the Revolution, fighting with General Washington at Brandywine and also serving at Germantown and Valley Forge. Congress acknowledged Pulaski's leadership and bravery and decided to commission him as Brigadier General and gave him command of four light Calvary regiments. He organized the Pulaski Legion to wage guerrilla warfare against the British.  Mortally wounded by cannon fire in a heroic charge at the siege of Savannah, GA., he died aboard the warship Wasp Oct 11,1779.  Pulaski Day is celebrated on the first Monday of March in Illinois.

    1776- considered the US Marines first military engagement: Captain Samuel Nicholas and approximately 200 marines captured Fort Nassau in the Bahamas.  Nicholas was assisted by 50 sailors under Lieutenant Thomas Weaver of the Cabot.  This area was a major trading area and seaway

to the America’s and a vital first battle, sending a message to European countries the revolution

was serious to their commerce.  The assault was a surprise attack and the fort surrendered without conflict The Americans captured large military stores, including about 100 cannon, 15 mortars, 5,400 shells, and 11,000 rounds of ammunition, and brought them back to New London, CT, on April 8.  This naval expedition, which left the Delaware Capes on February 17,1776, was under the command of Esek Hopkins of the “Alfred.”

    1789- the first Congress met at New York, NY. A quorum was obtained in the House Apr 1 and in the Senate April 5, and the first Congress was formally organized Apr 6. Electoral votes were counted, and George Washington was declared president (69 votes) and John Adams vice president (34 votes).

Although the Continental Congress had set the first Wednesday of March 1789 as the date for the new government to convene, a quorum was not present to count ( highways were non-existent and travel

between states was horrible ),the electoral votes April 6. He did not take the oath of office until Apr 30, 1789. All subsequent presidential terms (except successions following the death of an incumbent), until Franklin D. Roosevelt’s second term, began Mar 4. The 20th Amendment  in 1933 changed the date  until noon on the 20th day of January

    1791- Vermont became  the 14th state. Know as the Green Mountain State, that is also what the French phrase ‘vert mont’ means. Montpelier is Vermont’s capital city. "Hail Vermont" is the state song which goes right along with the state motto: Vermont, Freedom and Unity. The hermit thrush stands alone as the state bird; and the red clover is the colorful state flower which attracts the state insect, the honeybee. The Morgan horse is the state animal. The state tree, the sugar maple, which makes all that famous Vermont maple syrup.

   1791- Israel Jacobs was elected by Pennsylvania to the House of Congress, the first Jewish congressman.

   1793 - George Washington was inaugurated in Philadelphia for a second term as president of the United States.

   1797- John Adams inaugurated as 2nd President of US

   1801 - Thomas Jefferson was inaugurated as the third president of the United States; he was the first to be inaugurated in the new capital of Washington. 1811-The first Bank of the United States was forced to liquidate its assets and shutter its doors after suffering the slings of local bankers and state-centric politicians. Founded in 1791, the creation of the bank had been one of the first acts of the newly formed U.S. Congress. But, the bank was an almost instant source of controversy: though backed by Federal funds, the bank was essentially a private company, complete with investors, which engendered a loud and powerful chorus of critics. Some feared that the bank would become an all too potent central institution,  too powerful and would be federally based rather that state based. Many merchants hoping to open their own state-based financial institutions carped over the competition from the bank's network of branch offices. The call for dissolution grew louder when it was revealed that the bank's coffers leaned heavily on foreign investments, most notably from British interests. So, even though the bank was profitable and paid out relatively handsome dividends to investors, the critics won out and forced its demise. 1809 Madison becomes 1st President inaugurated in American-made clothes

=========Westward Expansion=========

    1815- Educator Myrtilla Miner born. Against considerable opposition, MM bravely founded and operated the Colored Girls School in Washington, D.C., in the face of a hostile society. It was supported by the Quakers and donations from abolitionists. Although it changed locations and names - the latest being the District of Columbia Teachers College - it maintained Miner's original intent: to teach teachers who would teach others. Harriet Beecher Stowe gave $1000 of her Uncle Tom's Cabin royalties to the school.

    1825 -John Quincy Adams inaugurated as 6th President

    1837 -City of Chicago incorporates.

   1837- Martin Van Buren inaugurated as 8th President

    1841 -- President William Henry Harrison caught a fatal cold while standing hatless without a coat in the drizzle at his own Presidential inauguration. He also had the longest inauguration speech (8,443 words) in history. A month later, he is the first U.S. president to die in office.

   1845 -James K Polk inaugurated as 11th President

     1847-Pioneer obstetrician and medical educator Anna Elizabeth Broomall  - U.S. obstetrician and medical educator. Her entrance to the Pennsylvania Hospital as a student caused the male students to riot. She gained her M.D. in 1871. After advanced training in Europe, in 1875 she became chief resident at Woman's Medical College in Philadelphia with full administrative authority. She took the position upon learning of the illness of the legendary Dr. Emeline Horton Cleveland, professor of obstetrics at the hospital. Dr. Cleveland wanted Dr. Broomall to succeed her.   Like Dr. Cleveland, AEB was an amazing teacher and practicing obstetrician. They both turned out hundreds of physicians who were meticulous in their care and treatment of women by bringing the standards of the great teaching hospitals of Europe to the U.S.   The mortality of women in childbirth was astoundingly tragic under the care of men doctors until women doctors like Broomall and Cleveland changed attitudes through example and made it financially necessary for men doctors to upgrade their care (and cleanliness). The low mortality rate under Dr. Broomall was, less than one-tenth of a percent among more than 2,000 mothers. A Quaker, Broomall wore black gowns and had a brisk, quiet nature that was formidable when angry. She was not admitted to the all-male Philadelphia Obstetrical Society until 1892 although her writings were presented to members.

    1829 - President Andrew Jackson introduced the ‘spoils system’ when he rewarded Simon Cameron with a political appointment for political assistance.

    1830- John Quincy Adams returned to the House of Representatives to represent the district of Plymouth, MA. He was the first former president to do so and served for eight consecutive terms.

1849- The US had originally did not have a President as Polk's term ends on a Sunday and Taylor did not want to be sworn in on the Sabbath. Senator David Atchison was the pres pro tem when Polk’s  term  was to end on March 3rd.While some relatives may  argue that Atchison was president for one day, however history records the term of President James K. Polk ended on Sunday March 4 1849, and President- Elect Zachary Taylor refused to take the oath of office on a Sunday, so Senator Atchison is said to have been President of The United States for one day. In reality President Polk's term was extended for one day, and David Atchison spent the entire day he was supposed to have been President in bed ill.

=========Civil War—including pre and post=========

  1857- considered by historians as the most famous court case in the long slavery controversy,

the Supreme Court ruled that, Dred Scott, a slave in Saint Louis, Missouri, was not a citizen and could not sue in the federal courts, ruling that Congress had no power to restrict slavery in the territories. The most famous court case in the long slavery controversy.

    1861- Abraham Lincoln was sworn in as the 16th president of the United States. In a stirring inaugural address, delivered under the watchful guard of riflemen, Lincoln appealed for the preservation of the Union, threatened by the recent secession of seven Southern states opposed to the new leader's policy against the expansion of slavery. Attempting to retain his support in the North without further alienating the South, Lincoln called for compromise, promising he would not initiate force to maintain the Union or interfere with slavery in the states in which it existed. He did, however, vow to retain federal property. One month later, his refusal to surrender or evacuate Fort Sumter in South Carolina, prompted the Confederates to launch the first attack of the Civil War.

    1865 President Lincoln inaugurated for his 2nd term as President.

     1867-Birthday of the  first black woman in the U.S. to hold a D.D.S. degree, Ida Gray. Born Clarksville, Tenn.

   1869- Ulysses Grant inaugurated as 18th President

=========Gilded Age=========

    1880 - For the first time halftone engraving was used in New York City's "Daily Graphic".

    1881 -  James A Garfield inaugurated as 20th President. Eliza Ballou Garfield became the first mother of a United States President to live in the White House, when she moved in with her son James, who was the then President.

    1885- Grover Cleveland inaugurated as 1st Democratic President since Civil War

   1889 -Benjamin Harrison inaugurated as 23rd President.

    1893- Grover Cleveland was inaugurated for a second but nonconsecutive term as president. In 1885 he had become 22nd President of the US and in 1893 the 24th. Originally a source of some controversy, the Congressional Directory for some time listed him only as the 22nd president. The Directory now lists him as both the 22nd and 24th presidents though some historians continue to argue that one person cannot be both. Benjamin Harrison served during the intervening term, defeating Cleveland in electoral votes, though not in the popular vote.

    1897 -William McKinley inaugurated as 25th President of US.

    1897- Frank “Lefty” ) O’Doul, baseball player, manager, restaurant owner, bon vivant and close friend of Joe DiMaggio, born at San Francisco.  O’Doul switched from pitching to the outfield and became one of the greatest players not in the Hall of Fame.  His career batting average,.349, including hitting .398 in 1929 and .9383 in 1930.  after retiring he helped to organize the major leagues in Japan. Died at San Francisco, Dec 7, 1969.

   1888- Knute Rockne, football coach born at Voss, Norway.  Rockne played end at the University of Notre Dame and then in 1918 was appointed head coach at his alma mater. Over 13 seasons, Rockne became a living legend, and Notre Dame football rose to a position of unprecedented prominence. His teams won 105 games ( and three national championships) against only 12 losses and 5 ties. Rockne died in a plane crash at Bazaar, KS, March 31, 1931.

    1891- Arthur “Dazzy” Vance, Baseball Hall of Fame pitcher born at Orient, IA.  Vance “dazzled” opposing t3eams with his pitching prowess.  He won 197 games over 16 years, mostly with the Brooklyn Dodgers.  Inducted into the hall of fame in 1955.  Died at Homosassa Springs, FL, Feb 16, 1961.

   1901 President William McKinley inaugurated for 2nd term as President.

    1909-billionaire Harry Helmsley, best known for his late marriage to Leona Helmsly, birthday.” The best advice I ever got was from my mother,"  he once noted. "It was simply, 'Buy real estate.' And like a dutiful son, I bought and bought and continue to buy throughout the country." At one point he owned twenty- seven hotels, 50,000 apartments, and the Empire State Building to boot. Owning real estate proved to be quite lucrative for Helmsley, whose net worth was estimated at $1.7 billion by Forbes magazine in 1996. These far-flung achievements belied Helmsley’s rather humble origins: the son of a dry goods salesman, Helmsley opted to skip college to enter the real estate business. However, whatever Helmsley’s achievements in the business world, it’s likely that he will always be remembered as the husband of the notorious Leona Helmsley. Dubbed the "Queen of Mean," for her domineering rule over the duo’s hotel chain, Leona bore the brunt of the scorn and punishment for her and Harry’s well-publicized trial for tax evasion in the late 1980s. Leona was slapped with a stiff fine and served eighteen months in prison for her tax crimes, while Harry, who had since decayed into senility, was deemed mentally unfit to stand trial. Harry Helmsley died on January 4, 1997.

=========World War I --pre and post=========

   1913 - Woodrow Wilson was inaugurated as the 28th United States president, only the second Democrat since the American Civil War.

   1917- the first female congressional representative was Jeanette Rankin, who was elected as a Republican form Montana and served from March 4, 1917 to March 4, 1919, and from January 3, 1941 to January 3, 1942. She was the first representative to vote twice against entry into war, on April 6, 1917, and December 8, 1941.

    1922 -- F. Scott Fitzgerald's The Beautiful & Damned is published.

    1924-Guitarist Nat Reese born Salem, VA

    1925 - In the first radio broadcast of a presidential inauguration, Calvin Coolidge took the oath of office in Washington DC.

   1927—Trumpet player  Cy Touff Birthday

    1930 - ‘The Redhead’, Red Barber, began his radio career broadcasting on WRUF at the University of Florida in Gainsville. He would soon become one of the best known sports voices in the United States.

    1930 - In competition sanctioned by the Women’s International Bowling Congress in Buffalo, New York, Emma Fahning became the first woman bowler to make a perfect score. She is the first woman bowler to accomplish the feat. She was unexcited about the feat because she was so new to the game that she didn't know what she had accomplished. She was never a top flight bowler. A  300 game was a huge accomplishment until the new bowling ball materials and alley finishes in the 1990s have made it an almost everyday occurrence. The new equipment changed bowling much as fiberglass pole vaults and the "clicking" speed ice skates made old records made with sweat and not technology look like amateur night.

    1931- Alice Mitchell Rivlin - U.S. economist. AMR was a member of the Federal Reserve Board and director of the Congressional Budget Office which she created to put an end to the piecemeal budgetary enactment by Congress. She also set up long term fiscal planning for Congress.

   She was the first woman appointed vice chair of the Federal Reserve Board (1996) and was staff member of the influential Brookings Institute. Her other positions included deputy director, U.S. Office Management and Budge 1993-94. She is a self-describe liberal Democrat.

   1931- Robert “Bob” Johnson, hockey player, coach and executive born at Minneapolis, MN, Johnson played college hockey at the University of Minnesota and began coaching high school hockey in 1956.  He moved to Colorado College in 1963 and to the University of Wisconsin in 1967.  Johnson’s Badgers won three NCAA titles.  He coached four US National teams and the1976 Olympic team.  Johnson became head coach of the Calgary Flames in 1982 and led them to five straight Stanley Cup layoff appearances.  He became executive director of the Amateur Hockey Association of the United States in 1987 and coach of the Pittsburgh Penguins in 1990.  They won the Stanley Cup a year later.  Johnson was named coach of the US team for the 1991 Canada Cup, but surgery for a brain tumor prevented his participation. He was known throughout the hockey world for his favorite saying, “ It’s a good day for hockey.” Died at Colorado Springs, CO, Nov 26,1991.

1932- vocalist Miriam Makeba, Johannesburg, Africa. She is one of the world's most prominent black African performers of the 20th and 21st centuries. Her best known number in the U.S. was "The Click Song."


    1933 - Franklin D. Roosevelt was sworn in as 32nd United States president and the first to be elected for a third and fourth term.

1933- Frances Perkins became the first woman appointed to the president's cabinet when she was appointed Secretary of Labor by President Franklin D. Roosevelt.

   1934-Singer/Actress/Television personality Barbara McNair born Racine, WI.

    1937 - Actor/producer/writer/composer/comedian and this night’s host, George Jessel, welcomed the glamorous crowd to the Biltmore Hotel in Los Angeles, the setting for the 9th Annual Academy Awards show. Which film was which, you ask? The envelope, if you please... For the films of 1936: Outstanding Production/Best Picture: "The Great Ziegfeld" (from Metro-Goldwyn-Mayer); Best Director: Frank Capra for "Mr. Deeds Goes To Town"; Actor: Paul Muni ("The Story Of Louis Pasteur"); Actor in a Supporting Role: Walter Brennan ("Come and Get It"); Best Actress: Luise Rainer ("The Great Ziegfeld"); Actress in a Supporting Role: Gale Sondergaard ("Anthony Adverse"); Best Song: Dorothy Fields & Jerome Kern for "The Way You Look Tonight" from the movie, "Swing Time".

    1937-saxophonist Barney Wilen born Nice,France, Died 1996

1939- vocalist Barbara McNair born Racine,   WS

1939- Golfer JoAnne Gunderson (Carner) born. Known as “the Great Gundy,” she has won more than 40 tournaments. She won the U.S. women's Amateur championship five times before turning pro. She won the U.S Open in 1971 and 1976. She was named LPGA Player of the Year in 1974, 1981, and 1982.

   1940-Bob Chester Band records “Octave Jum’” (Bluebired 10649)

    1941-trumpet player Bobby Shew born Albuquerque NM

   1942 - On Okeh Records in Chicago, Illinois, Dick Jurgen’s orchestra recorded "One Dozen Roses".

   1942-pianist/arranger David Matthews born, Sonora, KY

   1942 - Shirley Temple starred in "Junior Miss" on CBS radio. The show, which was today heard for the first time, cost $12,000 a week to produce and stayed on the air until 1954.

    1942 - On West 44th Street in New York, the Stage Door Canteen opened, becoming widely known as a club for men in the armed forces and a place to spend lonely hours. The USO, the United Service Organization, would grow out of the ‘canteen’ operation, providing entertainment for American troops around the world.

    1943 - Actress Greer Garson's acceptance speech for the Best Actress Academy award for her role in Mrs. Miniver lasted 5½ minutes, an industry record. As the press poked fun at her talkativeness, the story became more and more exaggerated, and Garson's speech was "remembered" as being a tedious hour-long ordeal. It became an embarrassing Hollywood legend for the talented and elegant Irish actress. Following the incident, time deadlines for acceptance speeches were established by the Academy - which, more often than not - weren't observed by award winners.  The 15th Academy Awards presentation drew Hollywood luminaries to the Ambassador Hotel in Los Angeles to celebrate the great work done during the year 1942. Everybody seemed to like "Mrs. Miniver" (from Metro-Goldwyn- Mayer) better than any other movie that year. That movie was so good that it won William Wyler the Best Director Oscar; Greer Garson the Best Actress statuette; Teresa Wright the Best Actress in a Supporting Role prize; Joseph Ruttenberg the Cinematography/black-and-white Oscar; and George Froeschel, James Hilton, Claudine West and Arthur Wimperis the Writing/Screenplay award. Ah, but there was more to celebrate on that March night in 1943: James Cagney was presented the Best Actor Oscar for "Yankee Doodle Dandy" and Van Heflin was voted Best Actor in a Supporting Role for "Johnny Eager". And one other award is worth mentioning: a guy named Irving Berlin picked up the Best Song Oscar for a little ditty he had written for the film, "Holiday Inn": "White Christmas".

    1944-The U.S. Eighth Air Force launches the first American bombing raid against the German capital. The RAF flew 35 major raids between November 1943 and March 1944 and lost 1,047 aircraft, with an even greater number damaged.

Fourteen U.S. bomber wings took off for Germany from England on the evening of March 4; only one plane reached Berlin (the rest dropped their loads elsewhere; few planes were lost to German defenses). In retrospect, the initial American attack was considered "none too successful" (as recorded in the official history of U.S. Army Air Force). Subsequent attacks in March were more effective.

    1944-Singer Mary Wilson born Detroit, Mi.

=========Post World War II=========

    1947 - The Two Mrs. Carrolls, a murder drama starring Humphrey Bogart as a psychopathic artist who paints his wives as Angels of Death then kills them, opened in theaters. The film also starred Barbara Stanwyck, Alexis Smith, and Nigel Bruce.

    1948 - The Naked City, an innovative film noir crime drama set in New York City and starring Barry Fitzgerald as the detective in charge, opened in United States theaters. The film's style has been copied countless times over the years, and later served as the basis of a popular television series.


   1950 - When Walt Disney released "Cinderella". It was Disney’s first full-length, animated, feature film in eight years. It is still one of the top selling movies in both DVD and VHS format.

    1951---Top Hits

If - Perry Como

My Heart Cries for You - Guy Mitchell

Tennessee Waltz - Patti Page

There’s Been a Change in Me - Eddy Arnold

    1952- It is Ronald and Nancy Reagan’s wedding anniversary . Little Brown Church in the San Fernando Valley, CA. Ronald Reagan was 41 and Nancy Davis (born Anne Frances Robbins) was 30. They were both actors; William Holden served as best man. This was Reagan's second marriage. His first marriage to actress Jane Wyman in 1940 produced daughter Maureen Elizabeth Reagan in 1941, adopted son Michael Edward Reagan (born 1942) in 1945 and daughter Christina Reagan in 1947, who was born prematurely and died within a few days. Nancy and Ronald have two children: Patricia Ann Reagan (Patti Davis), born in 1952, and Ronald Prescott Reagan, in 1958.

 Another trivia answer: he is the first US president who had been divorced. “Love You, Ronnie “by Nancy Reagan, Ronald Reagan No matter what else was going on in his life or where he was--traveling to make movies for G.E., in  the California governor's office, at the White House, or on Air Force One, and sometimes even from across the room--Ronald Reagan wrote letters to Nancy Reagan, to express his love,   thoughts, and feelings, and to stay in touch..  Great book.

    1952-Ernest Hemingway writes his published that he has finished  his short novel “The Old Man and the Sea.” He told him it was  the best writing he had ever done. The critics agreed: The book won the Pulitzer Prize in 1953 and became one of his best-selling works. It was first published in “Life” magazine.

   1953- percussionist Emilio Estefan born Havana, Cuba player Ricky Ford born, Boston MA

    1954-African-American scientist and attorney J Ernest Wilkins is named Undersecretary of Labor by President Eisenhower. He was born in Farmington, Missouri. He became a government official and lawyer. He was the son of a Baptist minister. He became an assistant secretary of labor in charge of international affairs. He was the first African American to hold this position and the second Black official to hold a sub-cabinet post. He was the ranking Black in the nation's capitol during the Dwight D. Eisenhower administration. He became internationally known for his position. President Dwight D. Eisenhower appointed Wilkins, a Republican, as vice-chair of the newly established President's Committee on Government Contracts. Vice-president Richard M. Nixon chaired the panel that had been set up by executive order to enforce federal policy prohibiting discrimination due to race, creed, or national origin in employment or promotion of individuals who worked in establishments involved in government business. Wilkins died of a heart attack, January 19, 1959. He laid in state at Foundry Methodist Church in downtown Washington, D.C., the first time a Black had been so honored. From Notable Black American Men

    1959---Top Hits

Stagger Lee - Lloyd Price

Donna - Ritchie Valens

Charlie Brown - The Coasters

Don’t Take Your Guns to Town - Johnny Cash


   1960 -- It is revealed, in connection with the current congressional investigation into payola, that Federal Communications Chairman John Doerfer took a six-day trip to Florida courtesy of Storer Broadcasting.

1961-This is the official Commemoration of the founding of the Peace Corps on Marcy 1, 1961 by President John. F. Kennedy.  It is observed on the first Tuesday in March.

   1967---Top Hits

Ruby Tuesday - The Rolling Stones

Love is Here and Now You’re Gone - The Supremes

Baby I Need Your Lovin’ - Johnny Rivers

The Fugitive - Merle Haggard

    1968 Martin Luther King Jr announces plans for Poor People's Campaign

    1968 -“The Dick Cavett Show” premiered on television. He began his television career on ABC with a daytime talk show that subsequently became a late-night program competing with Johnny Carson. Cavett, with his Yale background, had a reputation as an "intellectual" host and was particularly adept at the one-man interview. He has since appeared on the CBS, PBS and USA networks hosting a variety of shows.


     1974 - Time-Life, now Time-Warner, issued a new magazine called, "People"; which had an initial run of one million copies. It became the most successful celebrity weekly ever published, and its weekly circulation hit 3,424,858 by 1994. Mia Farrow was on the front cover.

    1975---Top Hits

Best of My Love - The Eagles

Have You Never Been Mellow - Olivia Newton-John

Black Water - The Doobie Brothers

It’s Time to Pay the Fiddler - Cal Smith

   1978- Chicago Daily News, founded in 1875, publishes last issue

    1978 - Andy Gibb hit the top of the music charts with "(Love is) Thicker Than Water", which had a 2 week stay at #1. The Bee Gees also set a record with their single, "How Deep Is Your Love", from the "Saturday Night Fever" soundtrack which stayed in the top 10 for an unprecedented 17 weeks. At the age of 30, Gibb died on March 10, 1988, of an inflammatory heart virus in Oxford, England.


    1980- "Coal Miner's Daughter," the film biography of country singer Loretta Lynn, premiered in Nashville. Lynn was played on screen by Sissy Spacek, who also did all the singing in the movie.

   1981- forward Guy Lafleur of the Montreal Canadiens scored the 1,000th point of his career, a goal in a 9-02 victory over the Winnipeg Jets.  Lafleur finished with 1,353 points an entered the Hockey Hall of Fame in 1988.

    1983- Montana became the first state to ban sex discriminatory rates in all insurance. Under the prevailing discriminatory rate structure women were paying up to 30% more for the *same* insurance coverage as men whether it was auto, health, disability, or old age income insurance even though actuary tables indicated women were less accident prone and lived longer.

    1983---Top Hits

Baby, Come to Me - Patti Austin with James Ingram

Shame on the Moon - Bob Seger & The Silver Bullet Band

Stray Cat Strut - Stray Cats

Why Baby Why - Charley Pride

    1984- The Television Academy of Arts and Sciences announced the formation of the Television Academy Hall of Fame at Burbank, CA. The first inductees were Lucille Ball, Milton Berle, Paddy Chayefsky, Norman Lear, Edward R. Murrow, William S. Paley and David Sarnoff.

    1985 --  Supreme Court upholds right of Oneida nation of New York to sue for lands illegally taken in 1795.

1985 - "Dr. Spock’s Baby and Child Care" was published with Dr. Michael Rothenberg sharing authorship with Dr. Benjamin Spock, ‘The Baby Doc’. It was the fifth edition of the book to be published. 30,000,000 copies had been printed -- second only to the Bible in the best seller category.

    1988- Hot Tuna was the headline act as the Fillmore Auditorium in San Francisco reopened. Joining group members Jack Casady, Jorma Kaukonen and Paul Kantner for the special occasion were Grace Slick and Papa John Creech. All at one time or another had been members of Jefferson Airplane and-or Jefferson Starship. The Fillmore was one of the leading venues for San Francisco's psychedelic bands in the 1960s.


   1991---Top Hits

All the Man that I Need - Whitney Houston

Someday - Mariah Carey

One More Try - Timmy -T-

Walk on Faith - Mike Reid

    1992- AT&T announced it would close thirty-one offices around the country and replace nearly one-third of its operators with computerized information systems. Some 18,000 operators would be replaced with voice-recognition software, which could provide phone numbers and other information

    1994 - Four Muslim fundamentalists were found guilty of bombing the landmark World Trade Center in New York.

    1994- Space shuttle STS-62 (Columbia 16), launches into orbit







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