Monday, March 5, 2007
Headlines--- Senior Management---Help Wanted
Major Acquisition???
St. Laurent looks for Prez Major leasing servicing co
Cartoon---You’re Hired!
Marlin Leasing looking for Prez & Head of Factoring?
Cartoon—All the king’s horses
CIT Global Branding and You---Part II
By Christopher Menkin
Help Wanted---Classified ads
Bernie Boettigheimer starts Lease Police
Winter, 2007 Journal of Equip. Lease Financing
IMAP in Top League of Global Deals Advisors
Leasing 102 -by Mr. Terry Winders, CLP
"Operating Lease"
Top Stories---February 26-March 2
NetApplications.com reports Slow Sales for Vista
Donlen Hires Coffman and Darbor
Congress: reduce complexity in financial reporting
by Shawn Halladay, www.leasingnotes.com
Financial Institutions Conference Registration Opens
Robert A. Vandenbergh Sr. VP Lakeland Bank
Feds urge caution on subprime mortgages
Royal Bank hits record Q1 profit
Heat is on at Bank of America
News Briefs---
You May have Missed---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Winter Poem
SuDoku
Daily Puzzle
######## surrounding the article denotes it is a “press release”
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Senior Management---Help Wanted
Tornado in mature stage of development. Photo #3 of a series of classic photographs of this tornado. *
Atlanta, GA
Experienced leasing exec looking for next challenge. Various asset types, deal sizes and channels. Turn-around or expansion opportunity.
Email: akimicata@mindspring.com
Atlanta, GA
Commercial Finance and Leasing expert with proven success in the transportation finance industry. Working directly with company Presidents to develop national transportation programs.
Email: mll1946@comcast.net
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)
Email: kellogg_md@yahoo.com
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.
Email: legal@csotn.com
Hope, NJ
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
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: bob33483@yahoo.com
New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury, funding, ops,transaction detail, syndication, ready to max profit, help build quality operation. right now!
E-Mail: leasefinance@optonline.net
Philadelphia, PA
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.
email: mccarthy2020@comcast.net
Salt Lake City, UT
GM in Sales, Marketing & Operations for Several technology captives. Seeking new adventure in Western States. Consultant of full time.
Email: stevegbdh@hotmail.com
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: rcsteyer@yahoo.com
Sausalito, CA
Sr. Corp. officer, presently serving as consultant, fin. service background, M&A, fund raising, great workout expertise, references
Email: nywb@aol.com
Syracuse, NY
Int. equip. leasing exec. 25 yrs global P&L sr. mngt., including corporate turnarounds, strategic planning, new biz dev., structure finance, contract neg., vendor leasing specialist.
Email: jimh356094@aol.com
Tampa FL
20+ years small to middle ticket finance, operations/sales management experience. Outstanding record revenue enhancement, operational improvement/ team development.
Email: rlindcpa@earthlink.net
Wilmington, DE
Over 15 years experience managing Credit, Risk Management and Fraud operations for large Financial Institution. Proven Results. Anywhere between NYC and DC for right opportunity.
Email: cklous@comcast.net
To place a free “job wanted” ad here, please go to:
http://64.125.68.91/AL/LeasingNews/PostingForm.asp
For a full listing of all “job wanted” ads, please go to:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm
* Image ID: nssl0059, National Severe Storms Laboratory (NSSL) Collection
Location: Enid, Oklahoma
Photo Date: June 5, 1966
Photographer: Leo Ainsworth
Credit: NOAA Photo Library, NOAA Central Library; OAR/ERL/National Severe Storms Laboratory (NSSL)
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Major Acquisition???
Talk on the internet has a major leasing company acquisition completed last Thursday. Any inside news, please send to kitmenkin@leasingnews.org
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St. Laurent looks for President Major leasing servicing company
September, 2006, Jerry T. Hudspeth, Founder, President and CEO resigns from Portfolio Financial Servicing Company, Portland, Oregon; giving his two week notice, reportedly in a dispute regarding a direction of outsourcing and increasing Igate’s stock position.
Varilease CEO Robert VanHellemont at the time owned 51% controlling interest of the investor group that owned 85%. Bank of America did not want to “run down” the company, but wanted to run off the existing portfolio and not make further investments in the company. When Bank of America offered the company from their UniCapital asset portfolio, it was acquired by VanHellemont's investment group and Hudspeth received 15% as incentive to run the company. They have been operating outside of Bank of America since January 1, 2006.
VanHellemont says the departure of Hudspeth was not over a “takeover attempt,” but a difference in the direction of the company. He had nothing but compliments about Hudspeth role in the growth of PFSC.
Robert VanHellemont
“PFSC was backed by Bank of America to handle the UniCapital portfolio, and they wanted to run it down, not invest any more,” VanHellemont told Leasing News. “Jerry Hudspeth, as the portfolio ran down, brought in some new accounts, as he is excellent in marketing. He had an option from Bank of America to buy PFSC and the assets, which we did.”
The investor group now owns 100%. VanHellemont told Leasing News he was not interested in running PFSC, along with his company Varilease, where they were entering a new marketplace. He says PFSC requires a full time president, living and working in Portland, Oregon. He has children in school in Michigan and wants to spend more time with his family, although he says he is very attracted to Portland, Oregon, and the lifestyle there.
“In September, 06, we reorganized the company, promoting Randi Maddox to Vice-President of Operations; Jonathon Wease to Vice-President of Finance, and Mindy VanHellemont to Executive Vice President, (VanHellemont’s wife. editor),” he says. “The focus has been on improving internal efficiencies, developing a marketing plan to compliment the level of excellence in our day to day operations…improving the internal efficiencies of PFSC, and positioning ourselves for strategic growth.”
He says Randi Maddox, Mindy VanHellemont, and Jonathon Wease, along with the staff, “dramatically improved the bottom line.”
“We are now ready to bring the right candidate to take over my role and lead PFSC,” VanHellemont said.” “He has hired SFBI Professional Recruiting to find the “right candidate.”
SFBI Professional Recruiting President and CEO Fred St. Laurent, who is also a member of the Leasing News Advisory Board, visited the operation in Portland. St. Laurent and his staff are “scouring” the country, networking on a high level. If the candidate is qualified, VanHellemont then does a telephone interview. From there the candidates take a 24 question assessment that must fit in with the results of the present staff, who have taken the same assessment.
“It is kind of a personality test, to see if they mesh,” he told Leasing News on Saturday from his office. ““If they do pass, we send them an airplane ticket for an interview here in Michigan… I just finished a three hour interview with a very interesting candidate.”
If they pass this juncture, the candidate is flown to Portland and meets individually with Randi Maddox and Jonathon Wease. If they pass this point, there is a general meeting with middle management. The next is another meeting with VanHellemont.
“Fred is bringing us spectacular sales/marketing candidates, “he said. “We have already filled two positions. We also have some excellent presidential candidates. ”
So far there have been six interviews.
"The position requires a strong leader, mentor, coach and captain,” St. Laurent says. "We are seeking someone who will commit to leading this company over the next 15 years or more. Someone with a Masters degree who has experience in operations as well as marketing and business development and who is creative, strong and willing to do what is necessary to build this into what the owners envision it can be."
For more details please contact Fred St Laurent:
www.sfbirecruiter.com
202-449-5000 ext 214
Article of Hudspeth resignation:
http://www.leasingnews.org/archives/September%202006/09-27-06.htm#pfcs
( http://www.pfsc.com)
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Marlin Leasing looking for President and Head of Factoring?
by Christopher Menkin
According to a highly reliable source, the head of factoring at Marlin Business Services quit last week. He reportedly had “had enough! “
Leasing News attempted to obtain a denial or confirmation from Marlin Business Services, but received neither. This company will not talk, stating in the past that any communication is made with Security Exchange Commission filings.
Ask any media expert, it is best to confront any alleged bad news and turn it positive. The officers at this company evidently don’t believe in that philosophy. They do not appear to be concerned about their reputation, particularly to Leasing News readers.
Over the last twelve months, Chairman and CEO Dan Dyer consistently sells off the stock he is allotted to do. He follows the law.
Dan Dyer
The point is the chairman and CEO should be buying, not selling, particularly when the stock
is going down.
Here is the SEC filings on the officers of Marlin Business Services selling their stock:
http://www.snl.com/irweblinkx/insiders.aspx?iid=4089372
While Dyer in press releases states he is happy with the performance of Marlin Leasing, he did let his former co-founder and president Gary Shivers go December 21, 2006, reportedly it took to “resign” $1,249,590 plus $5,791,676 in stock to resign, resulting also in a half a million dollar short fall for the fourth quarter of 2006.
Stockholders and readers tell Leasing News" "One concern is how long it is taking them to find a new president. This could be an indicator of how Dan (Dyer) and George (Shivers) work together, perhaps too deliberate in their decision making. Gary Shivers had a reputation for not being afraid to pull the trigger and take a chance on a new direction."
A preview of this article was sent to officers at Marlin Leasing, but it has been their public relations viewpoint not to respond, almost as if they have something to hide.
Evidently choosing between the broker division and sales division vice-presidents have deficiencies. If Mike Bennie were chosen, it would mean Marlin values its “broker business” more than it evidently does not want to publicly admit.
Perhaps the “lack of performance” in outside sales run by Dominic Janney, vice-president or retail sales, is the reason he is not the new president.
Most insiders tell Leasing News that there needs to be a strong sales and marketing person hired from outside the organization. Evidently both the inside consensus and outside consensus is they are not
ready to be head coach.
The current management team consists mostly of “numbers oriented” individuals. Dan Dyer, former CFO of Advanta Leasing, and George Pelose, an attorney with many titles, obviously have very similar personalities and are great at crunching numbers; unfortunately they have no experience growing sales.
Many tell Leasing News that that Dyer will not sell and try to grow the company further. Certainly, 2007 will be a good indicator of whether that is possible. As the pie gets smaller, the competition works harder to keep their share. The factoring pie looked easy, but evidently the head chef didn’t like the way it tasted at Marlin.
Since this company offers no dividend, they have to grow their earnings at a pretty hefty pace to keep their stock going up. One thing that they can do is cut costs and overhead. They have a lot of management expense in the branch offices of Chicago, Atlanta and Denver. They also pay a lot of money to managers in Utah, including a bank president for a bank whose charter has yet to be approved. If they can cut some of those costs and manage losses, which they are very good at, there is a lot of upside in short term earnings growth. The P/E ratio is very attractive right now and the stock appears to be a strong buy to many.
Along with many other leasing companies, if the fed starts to ease rates, Marlin must be counting that it can start growing their margins again. It definitely looks like Marlin needs to grow its board of directors and certainly choose a president who is not a “yes man.”
In the meantime, Marlin Business Services (MRLN) stock does not appear to be going anywhere, not just a victim of last week. Here is the three month graph from Yahoo. The December rise occurred after the announcement of Gary Shivers leaving as president. The perception evidently was this was part of a new growth plan.
Where is it, Mr. Dyer? Leasing News readers wait to hear from you.
Recent articles on Marlin Leasing:
http://www.leasingnews.org/Conscious-Top%20Stories/Marlin_Bennie.htm * *** from SEC filing
“The Separation Agreement provides for the payment to Mr. Shivers of a lump sum of $365,500.00 on August 1, 2007, and bi-weekly payments thereafter of $28,810.59 until the 18 month anniversary of the Separation Date. $884,090.62, timing for tax purposes, a total of. editor)”
“The Separation Agreement further provides that upon his termination of employment, 18,365 unvested restricted shares and unvested options to purchase 35,501 shares of common stock will become vested on the Separation Date. Options to purchase 138,390 shares will remain exercisable by Mr. Shivers for 90 days following the Separation Date, and options to purchase 45,191 shares will remain exercisable for two years following the Separation Date. (251,812, but a various original buying prices, but gross at $23.00 is estimated at $5,791,676. editor)
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CIT Global Branding and You---Part II
By Christopher Menkin
CIT Financial has a consistent history of hiring top people for all departments, including middle-management and executive officers. It is part of their Global Branding campaign which Leasing News readers may learn from. It is not often an industry tells you what they are doing, going to do,
and how.
The American Marketing Association defines branding as not about getting your target market to choose you over the competition, but it is about getting your prospects to see you as the only one that provides a solution to their problem.
The objectives that a good brand will achieve include:
Deliver the message clearly
Confirms your credibility
Connects your target prospects emotionally
Motivates the buyer
Concrete User Loyalty
To succeed in branding you must understand the needs and wants of your customers and prospects.
You do this by integrating your brand strategies through your company at every point of public contact.
Your brand resides within the hearts and minds of customers, clients, and prospects. It is the sum total of their experiences and perceptions, some of which you can influence, and some that you cannot.
As CIT grows, cuts into its major competitors and also creates new niche marketplaces, its customers and smaller leasing/finance companies can learn, not just to expand out of your geographical
marketplace. While it has been written about in many books, such as Zig Ziglar to Dale Carnegie, the concept applies to companies not individual sales personnel.
What is most important to realize is how CIT Financial recognizes the overall importance of lease financing: where it is not the balance sheet, but other properties, including cash flow and character that determine “capacity.” It over rides traditional methods of equity as the means of granting credit. It is what the basics of all business really gets down to: know your customer.
It fits today’s rapid expansion into world wide markets, as well as your own home town.
As Jeffrey M. Peek, CIT Chairman and CEO, explains it, “The new campaign highlights CIT’s unique go-to-the market strategy which goes beyond traditional financial analysis and places value on a customer’s potential, ideas, and its people. The brand campaign was created by and launched through ‘Kirshenbaum bond’ and partner (www.kb.com. editor).”
Leasing News sent out the Mr. Terry Winders, CLP, “Do you Know?”
six minute video last Friday. It fits the Kirschenbaum bond and partner exploration.*
CIT’s Peek defines it as “the cornerstone of the new brand positioning…the capital redefined equation where Relationship Capital + intellectual Capital + Financial Capital + Capital Redefind.”
Don’t let this lose you in the academic definition.
There are three “waves” planned in the CIT Global Brand Campaign.
The first in print media “underscoring CIT’s unique value proposition of creating personalized relationships and customized financing solutions across more than 30 diverse industries.”
The second is a theme of the campaign with the third wave highlinght CIT’s “ unique approach of bringing value to its customers that incorporates customer case studies and real-life examples of ‘Capital Redefined’,” as developed by www.agency.com.
Jon Bond, co-chairman, kirschebaum bond + partners (sic), said, “CIT’s new brand campaign, which knocks down the walls of traditional financial services advertising, captures their point of difference in a largely undifferentiated industry.”
Behind the scenes:
http://behindthebusinesscit.com
How to Win Friends and Influence: People
http://en.wikipedia.org/wiki/How_to_Win_Friends_and_Influence_People
Do you know?:
http://leasingnews.org/Audio/didyouknow.wmv
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Leasing Industry Help Wanted
Credit Analyst
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Credit Analyst
Irvine, California
Southern California candidates only--Minimum two years experience with leasing credits, $40-$45K base depending on experience.
Call or e-mail: Pamela Stuber 800-234-0136 ext. 243 pstuber@nationwidefunding.com
About Us: As a leader in equipment financing we have created funding partnerships with a wide variety of financial institutions and specialized credit facilities. This diversity allows us to be a complete funding partner for your business.
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Sales Regional Office
Financial Funding Services, LLC |
Sales/Regional Office
Generous Compensation with above average industry commission splits/unlimited income potential, six figures plus and nationwide financing for A – D credit.
Click here for more info.
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Small Ticket Specialists
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Three Small Ticket Specialists
Ft. Lauderdale, FL, Nashville, TN, and
Richmond, VA.
Click here for more information.
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Bernie Boettigheimer starts Lease Police
"LeasePolice.com is owned by Lease Police, Inc - a Dallas, Texas based company. Lease Police, Inc is not owned or operated by any leasing company, and all data is independently administered by individuals not aligned with any leasing or finance company. The LeasePolice.com database and software is housed in a "safe-site environment that is staffed by security personnel and monitored 24 hours per day. Lease Police's President, Bernard Boettigheimer, is twenty four year industry veteran."
www.leasepolice.com
April 29, 2006 his son John held a retirement party for Bernie Boettigheimer, founder of Pioneer Capital Corporation, now part of IFC Credit Corporation. Based in Addison, Texas, at the time of his retirement, the self-funding Lessor annually originated over $100 million in new leases with 130 employees, working primarily with 300 leasing brokers. Pioneer specialized in small ticket leasing ($5,000 to $250,000) and at the time, was processing over 4000 applications yearly, their press release stated, regarding their online Internet system called Zaplease.com ®. Reportedly brokers could "...submit, view credit information, receive online approvals, and email documents all within minutes using this incredible system!"
December, 2006 it appears the software was complete,
as the web site states:" Lease Police, Inc has completed development of its revolutionary online software for the leasing and finance industry...
"The LeasePolice.com online system provides users the unique ability to check the performance history of not just lessees and debtors, but also for vendors. For the first time, users can identify vendors/suppliers that have a higher incidence of producing leases and loans that default (due to non-payment). Another primary use of LeasePolice.com system is to provide early warning data that can help users avoid fraudulent activity.
"The Lease Police, Inc. staff is available for training and consulting services. Training and consulting is available for fraud prevention, vendor screening, credit policy, and fraud vulnerability studies."
www.leasepolice.com
Leasing News attempted to reach Mr. Boettigheimer. There were several aggregate web sites that tried this in the early 2000, near the height of the dot.com boom. One charged 50 cents an automated report. There are companies today who share such information for members only such as NACM, as wells as Paydex, D&B, and BBB may qualify, but no one particularly devoted to the leasing industry.
Many of the larger leasing companies have a database on vendors and brokers not to do business with.
In setting up the alert system for Leasing News, many thought it was a good idea, but few participated, and when they did, they most often did not want their name or company used, even when there were serious collection problems.
Technically, such an aggregate information bank would be feasible to build, and most definitely needed in the finance/leasing industry. It appears the fear of legal ramifications has hindered its growth.
The Lease Police website notes:
Contact Information
Lease Police, Inc.
15950 North Dallas Parkway
Suite 400
Dallas, Tx 75248
Telephone (972) 361-8111
Fax (972) 692-8091
www.leasepolice.com
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Winter, 2007 Journal of Equipment Lease Financing
ELFA Daily News
The Winter 2007 issue of the Journal of Equipment Lease Financing has just been released. This issue includes these comprehensive, in-depth articles:
--Legal Guide to Leasing in Russia for Foreign Lessors
--The Response to Customer Default: Captive Versus Non-captive Lessors
--Management of a Diverse Workforce: Meanings and Practices
The Journal of Equipment Lease Financing (JELF) is the signature publication of the Equipment Leasing & Finance Foundation and has been funded and published by the Foundation since 1983. The Journal is the only peer reviewed publication in the industry and is authored by academicians and industry practitioners.
The Journal is available to download through the Equipment Leasing & Finance Foundation's website:
http://www.leasefoundation.org/jelf/Winter07/
Back issues of the Journal are also available at this site.
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IMAP in Top League of Global Deals Advisors 
IMAP (the International Network of Merger & Acquisition Partners) has been named as one of the world’s top deals advisers in the Thomson Financial 2006 league tables.
IMAP was ranked in fifth place, behind the big four accountancy firms, for worldwide deals with a value of up to $50 million, based on the volume of transactions. It was in sixth place for deals of up to $100 million, seventh for deals of up to $200 million and 12th for those with a value of up to $500 million.
"Our membership in IMAP has enabled Kropschot Financial Services to have access through our partner firms to buyers and sellers of businesses worldwide, " Bruce Kropschot said, who is also a member of the Leasing News Advisory Board. "I enjoy attending our semi-annual three day meetings where we share best practices and are able to get to know better our international members.
“By combining forces, the members of IMAP have demonstrated that we are one of the leading organizations in the world in the completion of mid-sized M&A transactions."
According to Thomson Financial, IMAP advised on 172 deals last year. However, taking account of other deals not disclosed or deals falling outside of Thomson’s criteria, IMAP structured more than 250 transactions amounting to over $7 billion.
"These latest figures show that IMAP is a major player in the global deals market, alongside the big accountancy firms and investment banks," Kropschot commented.
" With 63 member firms in 33 countries, IMAP offers local market knowledge combined with global reach. It is a seamless international organization which advises on cross-border transactions and has access to strategic buyers, merger candidates and financial resources from around the world."
IMAP (www.IMAP.com) is the global Mergers and Acquisitions organisation, formed in 1971, located in 33 countries and employing more than 300 M&A professionals.
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Leasing 102
Operating Lease
by Mr. Terry Winders, CLP
In the beginning the term operating lease was use to mean a “non-full payout lease” and banks were not allowed to be in that business. They were restricted from looking to more than one lessee to gain back their investment plus a profit. Hence the term “One Lessee Rule” for the Comptroller of the Currency’s lease regulations and Regulation “Y” of the Bank Holding Company Act. In addition, they were originally restricted to a maximum residual of 25% as part of this rule.
In 1975 the Financial Accounting Standards Board created the Statement of Financial Accounting Standards (SFAS) NO. #13, for equipment leasing of personal property, and created a classification called “Operating Leases”. An operating lease from the accountants view was a lease that the Lessee had possession of the equipment for less than 75% of its useful life and did not plan to acquire ownership at lease termination. The lease payments also had to discount at the lessee’s average cost of money, for a like transaction, to less than 90% of the equipments current fair market value.
The term operating lease has become an industry standard and to many people use it to describe a tax lease. While the accounting standards may reflect a tax lease they are in no way a determining factor for tax lease qualification. The determining factors for true lease treatment, for Capital Recovery (MACRS Depreciation) purposes, is different and requires separate qualifications. The term operating lease should only be used to describe an accounting classification.
Many people believe that the advantage offered by an operating lease for the lessee is it’s off balance sheet treatment. Today many financial analysis add up the off balance sheet leases and include them in there ratio analysis. Therefore the off balance sheet value is questionable at best unless it is not included in the ratios required by some bank loan indentures.
The real advantage for operating leases is the ability of the Lessee to take the lease payment as an expense as it occurs allowing for seasonal or irregular payment structures’. This method is only allowed if the use of the equipment is seasonal or irregular. There must be a compelling factor to vary from level payments which is the preferred method for accrual accounting. However many lessees prefer to match the use of the equipment to the revenue it produces or at least put the expenses into the same period as the revenue. Step up and step down programs fit well into operating leases wend the residual is high enough to help pass the 90% rule.
Mr. Terry Winders has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.
He invites your questions and queries.
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Top Stories---February 26-March 2 
Here are the top ten stories most "opened" by readers last week.
Former Rockford Leasing Exec. sells baseball card $2.35 Million
http://www.leasingnews.org/archives/February%202007/02-28-07.htm#rock
(2) Leasing 102--by Mr. Terry Winders, CLP
“What is a Residual?”
http://www.leasingnews.org/archives/February%202007/02-26-07.htm#102
(3) Former HP Top Sales Person joins Davin’s Benchmark
http://www.leasingnews.org/archives/February%202007/02-26-07.htm#bench
(4) Loan/Lease Broker Statutes
http://www.leasingnews.org/archives/February%202007/02-26-07.htm#llb
(5) Sales makes it Happen---by Linda P. Kester
“Leave a Message”
http://www.leasingnews.org/archives/February%202007/02-28-07.htm#sales
(6) Rudy and Lee Trebels win Award
http://www.leasingnews.org/archives/March%202007/03-02-07.htm#award
(7) Outside Sales Commissions--Broker + Vendor
http://www.leasingnews.org/archives/February%202007/02-28-07.htm#out
(8) Domain Name Leasing by Christopher Menkin
http://www.leasingnews.org/archives/February%202007/02-28-07.htm#dnl
(9) "To Tell the Truth"--by Ken Greene, Esq
Thinking outside of the Coconut
http://www.leasingnews.org/archives/March%202007/03-02-07.htm#think
(10) (tie)
Aggregate Funding Sources down to three
http://www.leasingnews.org/archives/March%202007/03-02-07.htm#afs
(10) (tie)
Turning your declines into cash
http://www.leasingnews.org/archives/March%202007/03-02-07.htm#cash
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NetApplications.com reports Slow Sales for Vista
"Vista has less than 1% market share.” Netapplications.com reports in the March newsletter. “And, while Microsoft was late to market with Vista, Apple's taken advantage and is now up to a combined 6.38% market share. It looks like the market is buying Vista on new PC purchases, but there isn't a significant percentage of people upgrading existing PCs. I expect this trend to continue through the rest of 2007.”
“…browser users have gone back to switching to Firefox, Safari and Opera in February. " the latest Netapplications.com newsletter states. "Apple's Safari is still growing steadily, now with 4.85% market share. And Opera is using its advantage on phones/devices to the fullest, having passed Netscape to take the 4th spot in market share.”
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Donlen Hires Coffman and Darbor for VP of Development Positions
ELFA News
Northbrook, Ill. Mike Coffman and Dan Darbor have joined Donlen Corporation, a provider of innovative fleet management systems, as vice president of business development in two key regions of the country: Chicago and Minneapolis.
³We are pleased to have Dan and Mike on our team. Their years of industry expertise align well with our advanced management tools and value proposition,² said Barry Steel, Donlen¹s senior vice president of sales and marketing.
Coffman spent 11 years with GE Fleet in Minneapolis, where he most recently served as vice president of financial solutions. He has also worked for U.S. Fleet Leasing. This Bloomington, Minn. resident is an affiliate member of NAFA and a graduate of the University of Michigan.
Darbor is a resident of St. Charles, Ill. Before joining Donlen, he was a regional sales manager at Wheels Inc. in Chicago. He spent eight years there and earned the Salesman of the Year award two times. He has also worked for GE Capital.
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Congress: reduce the complexity in financial reporting
by Shawn Halladay
www.leasingnotes.com
Okay, I just couldn’t pass this one up. With a 412 to 0 vote, the House of Representatives passed legislation requiring the SEC, Public Accounting Oversight Board, and FASB to reduce the complexity in financial reporting. And this from the same bunch that brought us Sarbanes-Oxley! I mean, come on people – what are you thinking? (For some reason, the allegory of trying to put the genie back in the bottle comes to mind.)
The bill, entitled "Promoting Transparency in Financial Reporting Act of 2007," requires that a representative from each of the above-noted standard-setters annually appear before the Financial Services Committee and submit testimony on their efforts to reduce the complexity of financial reporting. This is to go on for the next five years, after which, I am certain, the whole problem will be solved. The bill also requires the testimony to include information pertaining to:
1. Reassessing complex and outdated accounting standards.
2. Improving the understandability, consistency, and overall usability of the existing accounting and auditing literature.
3. Developing principles-based accounting standards.
4. Encouraging the use and acceptance of interactive data.
5. Promoting disclosures in "plain English."
Congressman Geoff Davis from Kentucky, who sits on the Financial Services Committee, championed the bill and explained his motivation for the legislation: "I hear complaints all the time from business owners and executives in Kentucky about the costs and complexity of financial reporting requirements mandated by the federal government," he said. (You think? – my comment, for those of you who were wondering) "By requiring annual congressional testimony by the SEC, FASB, and PCAOB, we are making simplification and cost reduction a public priority and giving Congress a way to measure progress on reducing complexity, modernizing processes, increasing transparency, and reducing costs of financial reporting."
As the vote tally indicates, everyone is certainly willing to jump on the bandwagon and throw in their support, but does anyone plan on doing something meaningful? Surprisingly, enough, the answer is yes. Just last week, Senators John Kerry and Olympia Snowe called for a delayed implementation of the SOX Section 404 requirements for small public firms. Other business leaders and public interest groups have asked for a small business exemption from Section 404, which the SEC is considering. Senator Kerry also is planning to reintroduce legislation that would allow the SBA to subsidize Section 404 compliance costs of smaller public companies. While these efforts will certainly help smaller companies, I have to wonder if the cost of SOX is worth the result, or, costs aside, is it even accomplishing what was intended?
Shawn D. Halladay
Managing Principal
124 South 400 East Suite 310
Salt Lake City, UT 84111-2135
Phone: (801) 322-4499
Fax: (801) 322-5454
E-mail: shalladay@thealtagroup.com
http://www.thealtagroup.com/bios-halladay.php
http://www.thealtagroup.com/pdd/course_catalog.php
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Financial Institutions Conference Registration Opens
ELFA eNews Daily
Dallas Federal Reserve Bank President Richard Fisher to Deliver Keynote Address
The ELFA Financial Institutions Conference (the newly combined Bank and Large Ticket Conferences), April 15-17, 2007 at the Four Seasons Las Colinas Resort & Club in Dallas is now open for registration. To download a copy of the conference brochure, please go here: http://www.elfaonline.org/events/2007/FIC/FIC07_Brochure.pdf
By merging the bank and large ticket conferences into one event, ELFA has developed a conference with greater substance and broader appeal.
For the rest of this story, go to:
http://www.elfaonline.org/news/MembersOnly/news_report.cfm?id=7094
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### Press Release ###########################
Robert A. Vandenbergh Promoted to Senior Executive Vice President at Lakeland Bancorp
OAK RIDGE, N.J., -- Roger Bosma, President and CEO of Lakeland Bancorp, recently announced the promotion of Robert A. Vandenbergh to Senior Executive Vice President.
Roger Bosma, President and CEO
"Mr. Vandenbergh will continue his role as Chief Lending Officer, and will work with me on special projects," said Bosma. "It is with great pleasure that I make this announcement," Bosma noted.
Robert A. Vandenbergh
Mr. Vandenbergh, a graduate of Ramapo College, began his banking career in 1980 with Midlantic National Bank/North as a Credit Analyst. Mr. Vandenbergh has held various positions over the years including; Manager of Commercial Credit, Vice President and Manager of the International Department, Senior Vice President and Senior Loan Officer. Mr. Vandenbergh joined the former National Bank of Sussex County (NBSC) in 1991 as Senior Vice President and Senior Loan Officer and was promoted to Director in May of 1994. Additionally Mr. Vandenbergh advanced to Executive Vice President/Chief Loan Officer, President of NBSC in November of 1998 and CEO of NBSC in 1999.
Mr. Vandenbergh is Chairman of the Sussex County Community College and is a Karen Ann Quinlan Foundation Trustee. Mr. Vandenbergh resides in Andover, NJ with his wife, Barbara.
Lakeland Bancorp, the holding company for Lakeland Bank, has a current asset base of $2.2 billion and forty-eight (48) offices spanning six northwestern New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren. Lakeland Bank, headquartered at 250 Oak Ridge Road, Oak Ridge, offers an extensive array of consumer and commercial products and services, including online banking, localized commercial lending teams, equipment leasing, and 24- hour or less turnaround time on consumer loan applications. For more information about their full line of products and services, visit their website at www.lakelandbank.com.
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### Press Release ###########################
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News Briefs---- Feds urge caution on subprime mortgages
http://dwb.sacbee.com/24hour/politics/story/3566271p-12805900c.html
Royal Bank hits record Q1 profit
http://money.canoe.ca/News/Sectors/BanksFinance/Royal_Bank/
2007/03/02/3686774-cp.html
Heat is on at Bank of America
http://www.vvdailypress.com:80/news/20070304/heat-is-on-at-bank-of-america
General Electric CEO rewarded with $17.9M in compensation for a successful 2006.
http://www.nypost.com/seven/03042007/business/
this_weeks_winners_and_losers_business_.htm
CompUSA closing 126 of its 229 stores
http://www.internetnews.com/bus-news/article.php/3663466
Billy Joel at Philips
http://www.accessatlanta.com/Music/content/shared-blogs/accessatlanta/
Concertreviews/entries/2007/03/02/billy_joel_at_philips.html
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You May have Missed--- Other tongues overtaking English as language spoken in majority of Santa Clara County homes
http://www.mercurynews.com/mld/mercurynews/16832199.htm
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“Gimme that Wine” 2007 Texas Wine and Grape Growers Association Conference Highlights
http://www.winebusiness.com/news/dailynewsarticle.cfm?dataId=46828
Wine Industry Code for Direct Shipping, a voluntary set of guidelines for winery-to-consumer direct shipments.
http://www.freethegrapes.org/
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
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Calendar Events This Day Bridge Players Day
Crispus Attucks Day
Honors Crispus Attucks, possibly a runaway salve who was the first to die in the Boston Massacre.
Namesake Day
Today is for more than just pondering the existence of your namesakes (people with the same name as you). www.jerrybill.com
Saint Piran’s Day
Celebrates the birthday of St. Piran, the patron saint of Cornish tinners. Cornish worldwide celebrate this day.
http://www.catholic-forum.com/saints/saintp43.htm
http://www.st-piran.com/st-piran.htm
Stop the Clocks Day
http://homeschooling.about.com/library/blmar5a.htm
Saint Feast Days:
· St. John Joseph of the Cross
· St. Piran
· St. Virgilius of Arles
· St. Theophilus
· St. Caron
· St. Carthach
· St. Colman of Armagh
· Bl. Dionysius Fugishima
· St. Gerasimus
· St. John-Joseph of the Cross
· St. Kieran
· St. Oliva
· St. Phocas and Antioch
http://www.catholic.org/saints/f_day/mar.php
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Snoopy is the most common dog name beginning with the letter S
(not according to the records of NYC:
http://www.geocities.com/dog_names/most_popular_dog_names.html
nor Petcaretips:
http://petcaretips.net/popular-dog-puppy-name.html
Petrix says: The most popular dog name in North America is Sam, Sammie or Samantha
(which means "listener").
http://petrix.com/dognames/
Dogfacts:
http://www.dogfacts.org/popular-dog-names.htm
(This makes number nine that Leasing News has found incorrect in Real Facts. editor)
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Today's Top Event in History
1933-Bank Holiday: on his first full day in office (Sunday, Mar 5,1933), President Roosevelt proclaimed a national "Bank Holiday" to help save the nation's faltering banking system. Most banks were able to reopen after the 10-day "holiday" (March 4-14), but in the meantime, "scrip" had temporarily replaced money in many American households.
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This Day in American History 1595-First New England Settler: William Blackstone, born at Durham County, England, was the first settler in what is now Boston, Massachusetts, and also the first in what is now Rhode Island. Blackstone came to New England with the Captain Robed Gorges expedition in 1623. When the expedition failed and most returned to England, he stayed and settled on what later became Beacon Hill. In 1634, he sold most of his Boston property and moved to the shores of the river that now bears his name. He died there at what is now Cumberland, Rhode Island, May 26,1675.
1623-No Drinking Alcohol: Governor Sir Francis Wyatt of Virginia and 32 others signed into law an “alcohol Temperance” against swearing and public drunkenness, ordering “...churchwardens shall be sworne to present them to the commanders of every plantation and that the forfeitures shall be collected by them to be for publique uses.”
1770-Boston Massacre: the first clashes of the coming revolution occurred during this period, which saw the rise of organized political resistance to parliamentary and royal excesses in the form of the first Continental Congress. Perhaps the start of this "movement" was sparked by what came to be called the Boston Massacre, five colonists were killed (Crispus Attucks, James Caldwell, Patrick Carr, Samuel Gray and Samuel Maverick) when British troops fired on a mob of men and boys who had been taunting them and throwing stones. Capt. Thomas Preston, commander of the British contingent, and six of his men were charged with murder. They were defended in court by John Adams and Josiah Quincy. All were acquitted but two soldiers who were found guilty of manslaughter. The estimated colonial population was 2,205,000. The day is celebrated as Crispus Attucks Day, honoring Crispus Attucks, possibly a runaway slave, who was the first to die in the Boston Massacre.
http://memory.loc.gov/ammem/today/mar05.html
Historians reported the most popular early engraving was “ The Bloody Massacre Perpetrated in King Street, Boston, on March 5, 1770, which was engraved, printed, and sold by Paul Revere. It depicted the shooting of five Americans by the British troops, and has appeared in countless children’s textbooks and general works on American history.
March 5, 1804-Supreme Court Justice Samuel Chase was impeached after charges were brought this
day by the House of Representatives. The accusations consisted of eight articles, of which the majority had to do with high-handed conduct displayed by Chase in two treason and sedition trials. There were also political reasons for the impeachment, which was encouraged by President Thomas Jefferson. The trial began on January 30,1805. Chase was acquitted and served until his death of June 19,181, at the age of 70.
Supreme Court Justice Samuel Chase
http://www.colonialhall.com/chase/chase.asp
1821 - James Monroe became the first President of the United States inaugurated on March 5th. The usual inauguration date of March 4th fell on a Sunday this year and a President cannot be inaugurated on the Christian Sabbath. While it’s still a law today, Inauguration Day was officially set back to January 20th, with Sundays not included.
1836 - Samuel Colt made the first pistol, a .34-caliber ‘Texas’ model.
1845 -- Congress appropriates $30,000 to ship camels to western US.
http://www.drumbarracks.org/Camel%20Corps.html
http://www.outwestnewspaper.com/camels.html
1848 -- In the Battle of Abiqua, whites attack Klamath tribe camp at Abiqua Creek near Salem, Oregon Territory; 13 men and women killed.
http://www.theragens.com/history/Geer%20-%20Abiqua.htm
http://www.silverton.or.us/history/boa1a.htm
1854 - Mary Elizabeth Garrett birthday. U.S philanthropist whose endowment to Johns Hopkin s University Medical School forced it to accept women. Her first major endowment was to establish the Bryn Mawr School for Girls. Her donations guaranteed that the school would be headed by M. Carey Thomas, her domestic partner. MEG later donated more than $450,000 to Johns Hopkins University medical school for it to remain a graduate school in perpetuity that would (for the first time in its history) accept women students. With donations that eventually surpassed $350,000, MEG guaranteed that her domestic partner, the brilliant M. Carey Thomas, was made president of Bryn Mawr College (in spite of being a woman). Thomas made Bryn Mawr one of the great colleges of the nation with scholastic requirements higher than men entering Harvard University. MEG was an active suffragist. MEG lived with Thomas from about 1904 to her death in 1915 and through her will made Thomas a very wealthy woman.
1865-General John C. Breckinridge takes control of Confederate forces in the Appalachian Mountains of western Virginia. The Kentuckian was a former senator and had been the vice president of the country and the runner-up to Abraham Lincoln in the 1860 presidential election. Breckinridge took over the obscure Western Department of Virginia, where he managed forces until he was elevated to the Confederacy's Secretary of War in the closing weeks of the conflict.
Born in 1821, Breckinridge graduated from college when he was 17 years old. He served in the military during the Mexican War and was elected to the U.S. House of Representatives at age 30. In 1856, Breckinridge became the youngest vice president when he was elected with James Buchanan at age 35. In 1860, he represented the southern wing of the Democratic Party, which had split during the convention over the issue of slavery. He finished third in the popular vote behind Lincoln and Stephen Douglas, who represented the northern Democrats, but he received 72 electoral votes to finish second behind Lincoln. Although he lost the White House, his state legislature selected him as senator shortly after the election. During the summer of 1861, Breckinridge remained in the senate, supporting secessionists views as the war escalated. In September, Kentucky declared itself a Union state. Having literally become a man without a country, Breckinridge fled to the Confederacy and joined the army. He was made commander of the Orphan Brigade, a collection of Kentucky regiments with soldiers who found themselves geographically cut off from their native state. His unit suffered 34 percent casualties at the Battle of Shiloh, but went on to fight at most of the battles in the western theater. After taking control of the Western Department of Virginia, Breckinridge led forces at the Battle of New Market in May 1864, where his army routed a Union force. In October, troops in his department were victorious at the Battle of Saltville, but the victory was tarnished when the Confederates began massacring black soldiers during the Union retreat. When Breckrindge heard of this, he went to the battlefield and ordered his men to stop killing any prisoners, be they black or white. As soon as he left, the units involved in the battle killed all blacks and those whites who tried to protect them. It was not uncommon to kill black Union soldiers than take them as prisoner.. Breckinridge also served during Jubal Early's 1864 Shenandoah Valley campaign. On February 6, 1865, Confederate President Jefferson Davis tapped Breckinridge to be Secretary of War. He showed great ability in that capacity, but the Confederate cause had become hopeless. Breckinridge oversaw the evacuation of Richmond in March and fled southward with Davis. Unlike Davis, however, Breckinridge successfully escaped the country through Florida and into Cuba. Joined by his family, Breckinridge stayed for four years in Europe before a presidential pardon allowed him to return to Kentucky. He worked as a lawyer until his death in 1875.
http://www.saltvilleva.com/memorial__remembance_service.htm
http://www.civilwarinteractive.com/saltville.htm
http://www.fortunecity.com/campus/history/683/saltvillemassacre.htm
1870 -- American writer Frank Norris (1870-1902) born Chicago, Illinois. One of the first American naturalist writers; a muckraker.
http://users.rcn.com/calhist/7_pages/octopus_norris.htm
http://guweb2.gonzaga.edu/faculty/campbell/howells/norris.htm
http://www.nagasaki-gaigo.ac.jp/ishikawa/amlit/n/norris19re.htm
1872 - George Westinghouse patented the air brake.
1877- Rutherford B. Hayes inaugurated as 19th US President.
1882- Canadian soprano Pauline Donalda was born in Montreal (real name: Pauline Lightstone.) Considered a rival of the famous Melba in the early years of the 20th century, Donalda often replaced her in roles and sang with such renowned performers as Enrico Caruso. Most of her performing career was spent in Europe, but in 1937 she returned to Montreal and opened a music studio. She formed the Opera Guild in 1942, and directed it until 1969, the year before her death.
http://www.nlc-bnc.ca/4/7/m15-319-e.html
1885-Famed pathologist and physician Louise Pearce born. She was one of the principal figures in the development of tryparsamide to control African sleeping sickness. Tryparsamide was discovered in a laboratory by several researchers, but it was Pearce who alone who went to the Belgium Congo to test it on humans. She set up a hospital, determined dosage and treatments. Under her care, every one of the 77 patients chosen for the test fully recovered. She was awarded the Order of the Crown of Belgium for her work and in 1953 was awarded the King Leopold II Prize and a check for $10,000 and a second decoration, the Royal Order of the Lion. Her three colleagues were also honored. Later she made important research discoveries regarding syphilis and cancer. Carrying one work with generations of rabbits that developed hereditary diseases and deformities, her research data was destroyed at her death. (A number of women did extensive studies on heredity and resultant deformities but very few ever got much credit.) Pearce spent her last years at Trevenna Farm, the home she shared in Skillman, NJ with novelist Ida A. R. Wylie who was part of the fabled Heterodoxy women's club. Source: The History of the Rockefeller Institute, 1901-1953, G.W. Corner, Rockefeller Institute Press, NY, 1964
.A.R. Wylie (march 16, 1885 - November 4, 1959)
Australian writer, born in Melbourne as Ida Alexa Ross Wylie. Her autobiography 'My life with George' is about her relationship with American doctor Sara Josephine Baker.* Several films were based on her books or stories, like 'The foreign legion' (1928) was based on 'The Red Mirage', the 1942 film 'Keeper of the flame' with Katherine Hepburn and Spencer Tracy was based on the book with the same name and 'Torch Song' from 1953 with Joan Crawford was based on the story 'Why should I cry'.
*Who is better known as the famous black singer Josephine Baker.
(November 15, 1873 - February 22, 1945)
American doctor and writer, born in Poughkeepsie, New York. She graduated New York Infirmary Medical College in 1898. She had a relationship with Australian writer I.A.R. Wylie.
http://andrejkoymasky.com/liv/fam/biow2/wyli1.html
http://gayinfo.tripod.com/A-Z-W.html
1888—Singer/guitarist Joshua Barnes “Peg Leg” Howell birthdya, born Eaton, GA.
http://www.cascadeblues.org/History/JoshuaHowell.htm
1892 -Famed writer, journalist and Lesbian Josephine Herbst born. Her trilogy Pity is Not Enough (1933), The Executioner Waits (1934) and Rope of Gold (1939) was regarded critically as "as one of the most sweeping and ambitious" fictional reconstruction of American life ever attempted by any writer. She leaned towards communism for a time but after covering the Spanish Civil War as a reporter, she broke all ties with that ideology. She had well publicized affairs with women. Her mother was a storyteller who inspired her daughter to write. Her many novels, short stories, and articles were highly praised and deserve a higher place in today's literature than is being awarded her. Died 1969.
http://www.writersreps.com/live/catalog/authors/herbstj.html
http://www.spartacus.schoolnet.co.uk/USAherbst.htm
http://www.nybooks.com/articles/article-preview?article_id=11373
1893-The Culligan Man: Emmett J. Culligan, founder of world's largest water treatment organization, was born at Yankton, SD. Culligan first experimented with a water-softening device in the early 1920s--to soften water used to wash his baby's diapers. In 1936 he launched the company from a Northbrook, IL, blacksmith shop. Recipient of Horatio Alger Award in 1969, Culligan died at San Bernardino, CA, June 3, 1970.
1908—Birthday of Rex Harrison, born Reginald Carey at Huyton, England. Rex Harrison’s career as an actor encompassed more than 40 films and scores of plays. He won both a Tony and an A=Oscar for the role of Henry Higgins in May Fair Lady, perhaps his most famous role. Among other files, he appeared in Dr. Doolittle, Cleopatra, Blithe Spirit and Major Barbara. He claimed he would never etire from acting and he was appearing in a Broadway revival of Somerset Maugham’s the Circle thre weeks before his death, June 2,1990, at his home at New York, NY.
1917 - The first jazz recording for Victor Records was released. The Original Dixieland ‘Jass’ Band performed on the tune "The Dixie Jass Band One Step" They had opened at Reisenweber’s Restaurant in New York City and changed their name to “Jass” as that it how it was pronounced by the owner. In this year, the group made a series of other first jazz recordings, including “ Tiger Rag,” “Reisenweber Rag,” “Barnyard Blues,” “At the Jazz Band Ball,” “ostrich Walk,” “Bluin’ the Blues, and “Clarinet Marmalade.” Some say they left New Orleans for Chicago then New York because Storyville, also know as the District, a section of New Orleans set aside for honky-tonks and sporting house. The original Storyville was established on January 1, 1898 as a legally operated red-light district in New Orleans, this being the only legal red-light district in the United States. The district was home to beautiful bordellos that were renowned for their grand architecture. The bordello's festive atmosphere was created by seductive women and mood-altering music. Storyville is believed to be the birthplace of Jazz. ("Jazz" was a slang word for sex.) The fun lasted until the fall of 1917, when the United States Department of the Navy shut it down. Later in the 1940's the "good people" of New Orleans thought they would do a good thing for the city by constructing a low-income housing project. To make way for this project the old district was completely demolished. Contrary to popular belief, many of the jazz musicians migrated to Kansas City, Chicago, and New York not because of Storyville, but to find a better paying musical job; Kansas City was hot and so was Chicago, but New York was “The Big Apple.”
http://www.redhotjazz.com/odjb.html
http://www.suite101.com/article.cfm/8879/71671
http://www.alude.com/music/itmB000002WTQ.htm
http://www.amazon.com/exec/obidos/ASIN/0817344039/inktomi-bkasin-20/
102-1682336-8966565
1920- Leontine Turpeau Current Kelly was born in the parsonage of Mount Zion Methodist Church in Washington, D.C. Kelly became the first Black woman bishop of a major denomination in the United States, in 1984. She was elected bishop of the United Methodist Church in the San Francisco area. From Black Women in America, Vol. 1
1924-Bowler Frank Carauna of Buffalo, NY, became the first bowler in history to roll two consecutive 300 games in a sanctioned league competition. He had five strikes on third game, rolling 29 strike sin succession. His score for the four games was 1,115 ( 300,300,268,247).
1924-pianist Dave Burns born Perth Amboy, NY
http://www.kwest.net/news/reviews/Music/Dave_Burns_Cool_Jazz_Is_Hot-(KWTN).html
1928-Pianist Lou Levy Born, West Coast jazz great, also recorded with Sinatra, Peggy Lee, Nancy Wilson, Anita O’Day. I remember him at the Lighthouse in Hermosa Beach, where he played
with various musicians from a trio to West Coast jazz.; died Jan 23, 2001
http://www.centrohd.com/biogra/l2/lou_levy_b.htm
http://www.jazzreview.com/cdreview.cfm?ID=3384
1929- Louis Armstrong (with Jack Teagarden) records “Knockin’ A Jug.” NYC.
1931 - Lawrence Tibbett recorded the now much-recorded tune, "Without a Song" for Victor Records. This melody came from the film, "The Southerner" and has been a hit for many, such as Willie Nelson, Frank Sinatra and Tony Bennett.
1931-Female aviator, Jerrie Cobb born. She was the first woman to qualify as an American astronaut. She was consequently rejected because she was a woman. JC learned to fly at 12, earned her pilot's license at 16, and received her commercial and flight instructor's license at 18, At 21 JC was the only female international ferry pilot in the United States. As chief pilot, she flew over wild terrain and mountains, once being arrested as a spy after a forced landing in South America. JC passed the same 87 physical and psychological tests administered by NASA that it used in the selection of the original seven male astronauts. Several women, including Cobb, surpassed the test results of the men who were chose (including right stuff himself John Glenn). NASA officials admitted later in a Congressional investigation that they had no intentions of allowing women to pilot space craft; the testing was merely a sop. [Some revisionists today are questioning the charge and claiming that the rejection of women was a practical matter, not sexual bias. The author of WOAH has seen the original spacecraft at the Kennedy Space Center at Cape Canaveral. In many of the first flights, the astronauts were simply passengers, lying strapped to "mattresses" and with only a small porthole to see outside. There was no moving around and now piloting involved.]
JC is one of the four Americans to hold the Golden Wings of the Federation Aeronautique Internationale and was chosen 1959 pilot of the year by the National Pilot's association. She was nominated for a Nobel Peace Prize for her piloting of medical supplies into dangerous South American locations. Two other noted women pilots were tested by NASA (and passed the tests), Wally Funk and Bernice Steadman. Both the women do NOT agree with revisionists and maintain it was sexual bias that kept them from the program. Cobb testified before a congressional hearing that of the 25 women who applied to the space program in 1960, 13 had been found qualified. The National Air and Space Museum described the turndown: "They had hoped to be the country's first women in space and they had reason to think that a few might make it. But no one had warned them that having the 'right stuff' might also mean being the 'right sex.'"
The following information was gleaned from information provided by the web site of the 99s - the organization of women in aviation. It is located at
http://www.ninety-nines.org/
and is a fascinating site! President Lyndon Johnson announced the formation of the FAA's Women's Advisory Committee on Aviation, May 4, 1964. Most of the 27 non-government members, including Jane Hart and Jean Ross Howard, co-chairman, and five government members, were 99s. Although members of this committee pushed for admission of women to NASA, they were 17 years too early to become astronauts.
In 1961, Jerrie Cobb was the first female to pass all three phases of the Mercury astronaut Program. Twelve other 99s passed the series of 75 exhaustive physical competence tests and laboratory tests. They were rejected, and the first female in space was Russian. Jerrie Cobb was deeply discouraged by the failure of NASA to put a female in space, and in the same year (1964) she became a jungle pilot in the Amazon. She has devoted all her resources and talents to helping Indian tribes in unexplored parts of six countries. (and was nominated for the Nobel Peace Prize for her efforts). In June 1963, Valentina Terreshkova, Soviet cosmonaut, became the first woman in space. She manually controlled Vostok-6 during parts of the 70.8-hour flight through 48 orbits of earth. Some revisionists, aka Historians, have said that VT was only a pretty face passenger "allowed" to touch the controls for publicity purposes. In fact, she went through a rigorous training program the same way the male cosmonauts did. It would be 32 years after Terreshkova before an American woman touched the controls of a space craft! In the meantime to squelch growing complaints, on 01-16-1978, the post of "Mission Specialists" was created by NASA and six women were appointed to fill the posts. It marked the first time since the inception of the U.S. space program in 1959 that NASA had recognized women. Janet Guthrie, who would win fame as an Indianapolis 500 racer, was turned down because NASA decided all the women had to have Ph.D. degrees. The first American woman in space was Sally Ride, who used the shuttle robot arm to release and retrieve satellites. The first American woman to perform a space walk was Kathryn Sullivan, who practiced techniques for refueling satellites, and Kathryn Thorntorn went outside the shuttle to help repair the Hubble Space telescope. The non-pilot women trainees hold Ph.D's in their fields of expertise. On February 2, 1995 Cobb was the personal guest of Lt. Colonel Eileen Collins, 38, as Collins lifted off from Cape Canaveral in the co-pilot's seat - the first woman to co-pilot an American space craft. An Air Force test pilot, Collins was selected for the NASA space program in 1990, the first woman chosen as a space shuttle pilot. Eight years later she would sit in the pilot's seat to become the first American woman to pilot a spacecraft. Her first command was a frightening one because of equipment failure but she kept her cool and the mission was completed. Since then other women has quietly moved into the pilot's seat. However, when NASA decided to test the effects of space on older people, they chose John Glenn (a U.S. Senator with a life of sedentary pursuits) instead of Jerrie Cobb - again. Glenn became quite ill on the flight and it almost had to be scrubbed. Cobb who maintained her physical abilities was disgusted. Perhaps one of the reason was that fact she is considered a
Lesbian.
http://www.ctie.monash.edu/hargrave/cobb.html
http://www.singlemomz.com/holidays/womenshistory/jerrie.shtml
http://www.johnshepler.com/articles/cobb.html
http://www.teachspace.org/news/cobb.html
http://www.jerrie-cobb-foundation.org/
http://www.searchalot.com/texis/open/openframer?q=&urls=http://www-lib.usc.edu/~retter/main.html
1933-Bank Holiday: on his first full day in office (Sunday, Mar 5,1933), President Roosevelt proclaimed a national "Bank Holiday" to help save the nation's faltering banking system. Most banks were able to reopen after the 10-day "holiday" (March 4-14), but in the meantime, "scrip" had temporarily replaced money in many American households.
1936 - Metro-Goldwyn-Mayer’s "Mutiny On The Bounty" (produced by Irving Thalberg and Albert Lewin) was voted Outstanding Production, as they used to say. The 8th Academy of Motion Picture Arts and Sciences (AMPAS) Academy Awards ceremony was held at the Biltmore Hotel, Los Angeles. Director/producer/writer/actor Frank Capra hosted the big giveaway honoring the films of 1935, which saw Victor McLaglen take the Best Actor prize for "The Informer" (John Ford won for directing this one). Best Actress was Bette Davis in "Dangerous". In case you are wondering, they didn’t start handing out those Supporting Actor/Actress awards until 1937. The Best Music/Song award winners were Harry Warren (music) and Al Dubin (lyrics) for the song "Lullaby of Broadway" from "Gold Diggers of 1935". An Oscar for Short Subject/Cartoon was awarded to some guy named Walt Disney for his ’toon, "Three Orphan Kittens".
http://www.infoplease.com/ipa/A0148014.html
1937 -- The American government officially apologizes to Nazi Germany for New York Mayor LaGuardia's reference to Adolf Hitler as a "brown- shirted fanatic."
LaGuardia has been called "the conscience of the 20s." Best known as the tempestuous mayor of New York City, he served in Congress between 1917 and 1933, where, in an era marked by nativism and bigotry, LaGuardia spoke up for internationalism, freedom of speech, and the rights of minorities and the poor. The issues he fought for included price controls, the right to strike, public power, and the redistribution of wealth by taxation. He is best known for reading the comics on radio ever Sunday. He is perhaps New York’s most beloved mayor. Died, 1947.
http://www.us-israel.org/jsource/biography/LaGuardia.html
http://www.sicilianculture.com/people/laguardia.htm
http://english.sdaglobal.org/story/advent/judgmnt/laguardia.htm
http://www.commoncouragepress.com/zinn_laguardia.html
1939- Glenn Miller opens at Meadowbrook, Cedar Grove, NJ, his first important booking.
1944 ---Top Hits
Besame Mucho - The Jimmy Dorsey Orchestra (vocal: Bob Eberly & Kitty Kallen
My Heart Tells Me - The Glen Gray Orchestra (vocal: Eugenie Baird)
Mairzy Doats - The Merry Macs
Ration Blues - Louis Jordan
1948- Poet and novelist Leslie Marmon Silko born. She is often referred to as the premier Native American writer of her generation. LMS is of the mixed ancestry of Amerind/Laguana Pueblo, Mexican and white. She grew up on the Laguana Pueblo reservation in New Mexico. "Silko drew on the Laguna stories she had heard in childhood. She combined concerns of Laguna spirituality, such as the relationship between human beings and the natural elements, with complex portrayals of contemporary struggles to retain Native American culture in an Anglo world," one critic wrote. Her first full novel was Ceremony (1977) and her second Almanac of the Dead (1991). In 1981 Silko received a MacArthur Foundation fellowship, and she produced the volume Storyteller made up of poetry, tribal stories, fiction, and photographs Like many Amerinds in the Southwest who have to travel huge distances to attended school on a daily basis, Silko traveled 100 miles a day to school in Albuquerque
http://voices.cla.umn.edu/authors/LeslieMarmonSilko.html
http://www.altx.com/interviews/silko.html
http://web.nmsu.edu/~tomlynch/swlit.silko.html
1951- The religious program "Circuit Rider" debuted over ABC television. The broadcast featured music selections and biographies of evangelists, and was produced by Franklin W. Dyson.
1952---Top Hits
Cry - Johnnie Ray
Slowpoke - Pee Wee King
Anytime - Eddie Fisher
Wondering - Webb Pierce
1955 -- Elvis Presley makes his television debut on the regionally telecast "The Louisiana Hayride."
1955---In the wake of the continual controversy on offensive R&B records, BMI, the largest organization of music publishers. releases plans to tighten controls on objectional lyrics. BMI never gave clearance to nearly a dozen of singles, some like Big Joe Turner's "Shake Rattle & Roll" became major hits.
1957- Sergeant Bilko satirizes Elvis Presley (Elvin Pelvin) Rock'n'Roll Rookie (Written by Nat Hiken & Billy Friedburg; #3557; Mar. 5th) When singing sensation Elvin Pelvin is drafted, the army can't cope with his screaming fans. The solution? Transfer him to a quiet, out-of-the-way posting. Perhaps somewhere in the Mid-West, where he will attract less attention and be safe from the less scrupulous soldier who might try to exploit his fame and fortune...
1960 - After 2 years in the United States Army, Elvis Presley returned to civilian life. Not since the return of General Douglas MacArthur from battle has a soldier gotten such publicity. While Elvis said he probably would not grow his famous and long sideburns back, he did just that in later years.
1960 - Eastern Massachusetts greatest March snowstorm of record began to abate. The storm produced record 24 hour snowfall totals of 27.2 inches at Blue Hill Observatory, 17.7 inches at Worcester, and 16.6 inches at Boston. Winds gusted to 70 mph.
1960---Top Hits
The Theme from "A Summer Place" - Percy Faith
Handy Man - Jimmy Jones
Beyond the Sea - Bobby Darin
He’ll Have to Go - Jim Reeves
1962 - A tremendous storm raged along the Atlantic coast. The great Atlantic storm caused more than 200 million dollars property damage from Florida to New England. Winds along the Middle Atlantic Coast reached 70 mph raising forty foot waves, and as much as 33 inches of snow blanketed the mountains of Virginia. The Virginia shoreline was rearranged by historic tidal flooding caused by the combination of the long stretch of strong onshore winds and the "Spring Tides".
1963 - Country-pop singer Patsy Cline was killed in a single-engine plane crash near Camden, Tennessee. Also killed were Cowboy Copas and Hawkshaw Hawkins. The three were returning to Nashville from Kansas City, where they had participated in a benefit concert for the widow of a disc jockey. The DJ, Cactus Jack Call, had been killed in a car crash.
1966- "The Ballad of the Green Berets" by Staff-Sergeant Barry Sadler reached number one on the Billboard Hot 100 chart. It was the top song in the US for five weeks. The album did even better, topping the LP chart for 13 weeks.
1968—Top Hits
Love is Blue - Paul Mauriat
(Theme From) Valley of the Dolls - Dionne Warwick
(Sittin’ On) The Dock of the Bay - Otis Redding
Skip a Rope - Henson Cargill
1969 - For the first time, the rock magazine, "Creem", was published.
http://www.creemmagazine.com/Pages/CreemContent.html
1969-Top Ten first woman:, Ruth Eisemann-Schier, to be listed in the famous FBI Top Ten .was convicted, and sentenced to a seven-year prison term. She had kidnapped Barbara Jane Mackle from a motel in Decatur, GA, on December 17, 1968, in a sensational television first major coverage. Mackle was found alive about 80 hours after the abduction, buried in a box under ground, many say due to the television coverage.
1974- Helen Thomas was named UPI White House reporter, the first woman ever named to cover the presidential beat. She had been an award-winning reporter in Washington for 30 years before being allowed to cover the president. For many years women reporters, such as Lorena Hickok were only allowed to cover the wives of presidents.
1974-Gregg Allman's first solo album, "Laid Back" attains gold status and at the same time starts rumors that the Allmans are splitting.
1975 - No. 1 Billboard Pop Hit: ``Have You Never Been Mellow,'' Olivia Newton-John. The song is also a country hit for the singer, reaching No. 3 on Billboard's country singles chart.
1976---top Hits
Theme from S.W.A.T. - Rhythm Heritage
Love Machine (Part 1) - The Miracles
All by Myself - Eric Carmen
Good Hearted Woman - Waylon & Willie
1977 - President Jimmy Carter joined CBS News anchor Walter Cronkite for the first ever “Dial-a-President” radio talk show. It was carried on 260 CBS stations, with the President answering a variety of questions from listeners across the United States. It was called “Ask President Carter,” from the Oval Office in the White House. 42 listeners from 26 states phoned in questions on the nationwide radio broadcast. 1981- World Men's Figure Skating Championship in Hartford won by Scott Hamilton (USA)
http://www.geocities.com/Colosseum/Base/6591/P2.html
1982 -- Comedian and Blues Brother John Belushi, 33, dies of drug overdose in the Chateau Marmont Hotel in Beverly Hills. He was a great comedian and this is
an example of how drugs take over control of your life.
http://www.who2.com/johnbelushi.html
1984—Top Hits
Jump - Van Halen
99 Luftballons - Nena
Girls Just Want to Have Fun - Cyndi Lauper
Woke Up in Love - Exile
1984 –Quarterback Steve Young from Brigham Young University was signed by the Los Angeles Express of the United States Football League to a “substantial” contract. The football all-American inked a pact that would earn him $40 million dollars over a 43-year period, in one of the most complicated contracts ever -- lasting until 2027. The USFL folded not long after he signed the lucrative deal. Young became the back-up quarterback for football legend, Joe Montana, in San Francisco. In 1994, when Montana moved to the Kansas City Chiefs, Steve Young took over the reins to lead the 49ers. He lived not far from here in Saratoga, where he was often seen running. Rumor has it that he lived in only one room of the house, as he was single at the time, constantly working out, and when his mother visited him she found more than one years of his salary checks in a drawer that he did not have the time to deposit.
1985 - Mike Bossy of the New York Islanders became the first National Hockey League player to score 50 goals in eight consecutive seasons. Two players have scored 50 goals in six seasons: Wayne ‘The Great One’ Gretzky of Los Angeles and Guy Lafleur of Montreal.
1985 - No. 1 Billboard Pop Hit: ``Can't Fight This Feeling,'' REO Speedwagon.
1987 - A storm in the western U.S. produced heavy rain and high winds in California. Up to six inches of rain soaked the San Francisco Bay area in 24 hours, and winds gusted to 100 mph at the Wheeler Ridge Pumping Plant near the Tehachapi Mountains.
1989- Pepsi Cola in the US said it would withdraw its Madonna TV ads from any station that showed the singer's new video, "Like a Prayer." Pepsi in Canada declined to take similar action. But in any case the entire Madonna-Pepsi campaign was scrapped a month later. The video, which already had been banned in Italy, showed a scantily-clad Madonna kissing the naked feet of a statue in a church sanctuary and caressing a priest. Pepsi had paid the singer a reported $5 million to star in a two-minute TV commercial, featuring the same music as the video but showing a more subdued Madonna.
1989 - Thunderstorms produced severe weather in the southeastern U.S. A strong (F-2) tornado killed one person and injured six others in Heard County GA. A strong (F-3) tornado injured 23 persons and caused more than five million dollars damage around Grantville GA.
1993- Washington Redskins head coach Joe Gibbs resigned his position after 12 seasons. Gibbs’ teams compiled a 140-65 record and won three Super Bowls.
1996-Netscape announces that it will slash prices for its Internet server software. The move came in reaction to competition from Microsoft, which started giving its browser away for free. Microsoft's fierce efforts to compete against Netscape would come under the scrutiny of the Justice Department in antitrust litigation in 1998; however, the investigation came too late for Netscape. The once high-flying company was purchased by America Online in late 1998.
2005-Academy Awards: Jon Stewart of the “Daily Show” was the host. Crash best picture, actor in a leading role: Philip Seymour Hoffman, Capote,actress in a leading role: Reese Witherspoon, Walk the Line, actor in a supporting role: George Clooney, Syriana,actress in a supporting role: Rachel Weisz, The Constant Gardener; best director: Ang Lee, Brokeback Mountain, best screeplay written for the motion pictures: Paul Haggis and Robert Moresco, Crash,Screenplay Based on Material Previously Produced or Published Larry McMurtry and Diana Ossana, Brokeback Mountain.Best song: “It's Hard Out Here for a Pimp,” Hustle & Flow, Jordan Houston, Cedric Coleman, and Paul Beauregard,Original score: Gustavo Santaolalla, Brokeback Mountain
http://www.infoplease.com/ipa/A0932839.html
http://www.imdb.com/Sections/Awards/Academy_Awards_USA/2006
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Winter Poem
The Snow Man
by Wallace Stevens
One must have a mind of winter
To regard the frost and the boughs
Of the pine-trees crusted with snow;
And have been cold a long time
To behold the junipers shagged with ice,
The spruces rough in the distant glitter
Of the January sun; and not to think
Of any misery in the sound of the wind,
In the sound of a few leaves,
Which is the sound of the land
Full of the same wind
That is blowing in the same bare place
For the listener, who listens in the snow,
And, nothing himself, beholds
Nothing that is not there and the nothing that is.
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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Daily Puzzle How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm
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