Financial Funding Services, LLC |
Sales
We are looking for highly motivated sales staff with proven lease experience. If you are currently networked and have a source of business and want to become independent working from your home
or current office, we want to talk with you about joining our team. In addition to providing you and your customer base the very best of financial programs, service and support, we offer you a generous 60% of gross commission.
Please email Karl Probst, General Manager
kprobst@willamette-financial.com
Willamette Financial Funding Services LLC has been established since 1986. We are highly efficient, motivated and a leader in placing exceptional and challenged credits nationally. We are well connected with major funding sources capable of taking A, B and C credits. Our credit processing and clerical support to our sales staff is responsive and extremely efficient.
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|
Monday, May 14, 2007
Headlines---
Classified Ads---Legal
Leasing Conference 2007 Up-Dated
Leasing 102 - by Mr. Terry Winders, CLP
Small Ticket- True or Operating Leases
Top Stories--May 7--May 11
Classified Ads---Help Wanted
Cartoon---Seven Dwarfs of Golf
The Art of Checking E-mails in Meetings
Mitsui Leasing to announce integration plan
Padco Leasing now Padco Financial Services
Kester's Book Goes Global via the Australian Market
Wolfowitz's tenure World Bank hangs in balance
News Briefs---
You May have Missed---
Sports Briefs---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
######## surrounding the article denotes it is a “press release”
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Classified Ads---Legal
San Diego , CA
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058;
Email: sandidq@msn.com
|
 |
San Francisco, CA
Ken Greene, active in finance and leasing for 25 years, seeks "in house" counsel position,full-time. Reference available.
Email: kenlaw100@aol.com |
|
To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
[headlines]
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Leasing Conference 2007 Up-Dated
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| " The Sweet Sound of Success " NAELB, Nashville,TN |
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"51st, Convention of The Ohio Vehicle Leasing Association" |
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| "Annual Conference/Expo" NVLA, Las Vegas, NV |
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| "Fall Annual Conference" UAEL |
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| "46th Annual Conference" ELFA, Orlando, FL |
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| To view Leasing Association Events-Meetings Open to All, please click here. |
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[headlines]
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Leasing 102
by Mr. Terry Winders, CLP
Small Ticket--- True or Operating Leases
Many have asked; “why there is not more small ticket leases done as true tax leases or operating leases for accounting”. To begin with it depends on your definition of small ticket. In the old days it was anything under $50,000 but today the current definition is anything under $250,000.
One stumbling block is Revenue Ruling 179 that allows the tax payer who does not purchase more than $438,000 of capital assets to expense the first $108,000 of capital purchases. The lessee can only do this if they own the equipment. On occasion it is popular to lease assets on a true lease basis above the $438,000 threshold to preserve the ability to expense the first $108,000. However, this usually is described as middle market instead of small ticket.
An additional problem with true leases for small ticket is the short terms. A thirty six month term is too short for a five year MACRS asset such as computers and way shorter than the seven year MACRS on office furniture. If the MACRS term is longer than the lease term then either the tax depreciation is of little value or it may cause the lease payment to be higher than payments on a bargain option lease or a loan. This is because the lease payment is higher than the depreciation causing the tax bill to be higher thereby cusing the lessor to raise the lease payment to pay the extra income tax. Still some lessees prefer to expense the lease payment for income tax because it is higher than principle and interest due to the short term and high payments. Some say that is acceptable because the cash coming out of the drawer to make the payment is fully expensed whereas cash payments on short term loans is not equal to the expense for interest and book depreciation.
The biggest problem with small ticket true leases is if the lessee wants an early termination and wants to purchase the equipment. When you reconcile the undepreciated tax balance with the book balance there is always a bad tax effect making the payoff much higher. This in turn does not make the Lessee a happy camper. Short term true leases must run their full term.
In order to have an operating lease, one of the most important tests is the 90% test. To pass a 90% test you must assume a residual in the 15% range after assuming a real future value of 30% so that after selling costs you will to net the 15%. Many selling costs are fixed like insurance, storage, advertising etc. So it is not wise to assume a 15% or greater residual on equipment with a cost of less than $100,000 because the selling cost will eat up the majority of the value and the future value must be at lease 30% to cover the what if’s such as returned in poor condition, current market suppressed, equipment becomes outdated, or the real value has shrunk. Residuals are hard to take on small ticket leases unless you have a ready market at lease termination. Without residuals to meet the 90% test you will not have an operating lease.
One of the advantages of small ticket is the shortness of legal documentation and the quick turn around of credits. To make a true lease or consider residuals with return conditions the documents would have to be increased and time spent on evaluating the equipment for proper residuals. This would be hard to do in the competitive world we see today in commercial leasing.
So the upshot of all this is not many small ticket leases are done in a true tax lease mode or as operating leases for accounting.
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.
[headlines]
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Top Stories--May 7--May 11
Here are the top ten stories most “opened” by readers last week:
(1) Marlin stock drops $3.03 on Friday—“Shoot the Moon”
http://www.leasingnews.org/archives/May%202007/05-07-07.htm#marlin
(2) Marlin Stock Hits New Daily Low
http://www.leasingnews.org/archives/May%202007/05-11-07.htm#marlin
(3) Matsco Parent sold to Wells Fargo Bank
http://www.leasingnews.org/archives/May%202007/05-07-07.htm#sold
(4) Credit Today/Lease Police
http://www.leasingnews.org/archives/May%202007/05-09-07.htm#ctlp
(5) Leasing 102-- by Mr. Terry Winders, CLP
How to Properly Participate in True Leases
http://www.leasingnews.org/archives/May%202007/05-07-07.htm#102
(6) (Tie)
Irwin Financial Firsts Quarter Net Loss
http://www.leasingnews.org/archives/May%202007/05-09-07.htm#ifc
(6) (Tie)
Pictures from the Past--1993 Mary Jane Lindholm
http://www.leasingnews.org/archives/May%202007/05-09-07.htm#past
(7) William Dalton New Pres/CCO ACC Capital
http://www.leasingnews.org/archives/May%202007/05-09-07.htm#acc
(8) Lease Financing Transactions and CMC
http://www.leasingnews.org/archives/May%202007/05-11-07.htm#lft
(9) Sales makes it Happen—by Linda P. Kester
“Unique Selling Position”
http://www.leasingnews.org/archives/May%202007/05-09-07.htm#sales
(10) Clarke cause of death not known at this time
http://www.leasingnews.org/archives/May%202007/05-07-07.htm#cause
Not counted due to technical reason--Flash
World Bank Panel Finds Wolfowitz at Fault; Aide Resigns
http://www.nytimes.com/2007/05/07/business/07cnd-wolf.html?_r=2&hp&oref=slogin&oref=slogin
[headlines]
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Leasing Industry Help Wanted
Regional Sales Managers
|
Regional Sales Managers
To establish small ticket vendor programs in major metro areas. Excellent compensation/ benefit package. View job description. Send resumes to Zully.Fernandez@IrwinCF.com
Company Description:
Irwin Commercial Finance (NYSE: IFC) is a true direct lender and in the ever changing leasing environment, we bring stability, creativity and consistent customer service levels to our business.
|
www.IrwinCFequipment.com |
Sales
Financial Funding Services, LLC |
Sales
We are looking for highly motivated sales staff with proven lease experience. If you are currently networked and have a source of business and want to become independent working from your home
or current office, we want to talk with you about joining our team. In addition to providing you and your customer base the very best of financial programs, service and support, we offer you a generous 60% of gross commission.
Please email Karl Probst, General Manager
kprobst@willamette-financial.com
Willamette Financial Funding Services LLC has been established since 1986. We are highly efficient, motivated and a leader in placing exceptional and challenged credits nationally. We are well connected with major funding sources capable of taking A, B and C credits. Our credit processing and clerical support to our sales staff is responsive and extremely efficient.
|
|
Sales-marketing
 |
Sales-marketing
Phoenix, Arizona or Virtual Office; 3 to 5 years of experience; high-end small ticket & Middle-Market vendor programs. Click here for more information.
Manufacturers' Lease Plans Inc. (MLPi) is the pioneer of short-term rental and operating lease financing, funding high technology equipment manufacturers since the 1960s. |
|
Sr. Credit Analyst
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Senior Credit Analyst
Walnut Creek, California
Excellent opportunity to work with growing equipment leasing bank division, excellent reputation. Click here for more information.
|
| First Republic Bank has offices in the San Francisco Bay Area, throughout California, and in Portland, Seattle, Las Vegas, Boston and New York. |
[headlines]
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[headlines]
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The Art of Checking E-mails in Meetings
www.accountingweb.com
AccountingWEB.com - - A recent survey reveals what you already know: coworkers from entry-level associates to the highest-level executives are checking their e-mails in the middle of meetings. But do those numbers make it okay?
According to the survey:
86 percent of senior executives polled said it is common for professionals they work with to read and respond to e-mail messages during meetings.
However, close to one-third of this group (31 percent) disapprove of the practice.
37 percent of respondents felt it was acceptable to respond to
urgent” e-mails
23 percent of those polled said professionals should excuse themselves from the meeting before responding to e-mail.
The national poll includes responses from 150 senior executives -- including those from human resources, finance and marketing departments -- with the nation’s 1,000 largest companies.
The conclusion here may be that it is indeed a faux pas to assume no one minds if you focus on email instead of the meeting. But another lesson here is that executives probably get more leeway on this one, said Paul McDonald, executive director of Robert Half Management Resources.
"The least disruptive option is to avoid using handheld email devices during meetings, but that may not always be possible for executives who must be accessible," said McDonald. "Professionals who may have to check email during gatherings should alert their hosts and be as unobtrusive as possible."
He offered these additional tips for anyone using mobile devices during meetings:
1. Be Discreet
If you need to bring your mobile device to a meeting, set it on vibrate to avoid disturbing other attendees or the meeting leader.
2. Consider your Audience
Your coworkers may be more forgiving of your need to respond to email than a client, for example, so adjust your email activity accordingly.
3. Respond only if it's Truly Urgent
It's tempting to check every message that comes in, but avoid doing so unless there's a compelling reason.
4. Step Out of the Room
If you receive an urgent message during a meeting, step quietly out of the room to reply.
5. Know When to Let Go
Spending a considerable amount of time checking email will make those you are with feel unimportant. It's better to bow out of a meeting altogether than be distracted during most of it.
[headlines]
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Mitsui Leasing to announce integration plan Mitsui Leasing & Development Ltd., a group company of Japanese trading firm Mitsui & Co. Ltd. , will announce plans to integrate its operations with Kyodo Leasing Ltd.
The plan, which is pending approval from shareholders, would create Japan's fifth-largest leasing firm, the Nikkei business daily said on Sunday.
The two companies will combine in October under a holding company, which will buy all the shares in the firms and possibly merge them in the future, the Nikkei said.
Kyodo Leasing, affiliated with a farming cooperatives group, leases agricultural machinery and equipment, while Mitsui Leasing handles leasing of ships and machinery to major companies.
Earlier this year, two leasing companies affiliated with Mitsubishi UFJ Financial Group merged to create Mitsubishi UFJ Lease and Finance Co. , while banking group Sumitomo Mitsui Financial and trading house Sumitomo Corp. are combining their leasing arms.
They have benefited from a rebound in corporate capital spending, but face threats such as rising interest rates, which raise procurement costs, and changes in accounting rules that could make leasing less attractive to their customers.
[headlines]
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### Press Release ###########################
Padco Leasing Corp. Announces Name Change to Padco Financial Services, Inc.
Chicago, IL, – Padco Lease Corp., a Chicago based investment banking firm, today announced a corporate name change, effective April 1, 2007, to Padco Financial Services, Inc. The new name reflects the recent shift in the industry to include more comprehensive financing.
“As an off-shoot of Padden & Company, our municipal bond firm founded in 1963, we initially started Padco back in 1990 to focus on municipal leasing,“ stated James Padden, CLP, President & CEO of Padco Financial. “We built our reputation on the quality of service we provide. Our clients are happy to know that the management of the lease stays with us. We offer them a known commodity. The company continues to thrive, with a current annual volume in excess of 12 million dollars. As a result of our move further into the commercial financing arena and away from municipal leasing, our capacity for small transactions has grown. We are well-respected for funding small ticket brokers. The new name is just one of the many steps we have taken to prepare for our continuing growth in this market.”
About Padco Financial Services, Inc.
Padco Financial Services, Inc., founded in 1990, is a Chicago based investment banking firm serving the broker / lessor community. It offers commercial and municipal leases and loans and has funded over 150 million dollars in transactions. To contact the company or for more information visit www.padcofinancial.com.
Contact:
James Padden, CLP
President & CEO
Padco Financial Services Inc.
100 W. Monroe St.
Chicago, IL 60603
(312) 263-5970
jpadden@padcofinancial.com
[headlines]
### Press Release ###########################
In Record Time, Linda Kester’s
“366 Marketing Tips for Equipment Leasing”
Book Goes Global via the Australian Market
CHICAGO, IL – Companies looking to get more leasing business have made Linda Kester’s power-packed book “366 Marketing Tips for Equipment Leasing” LeasingPress.com’s fastest selling book. In less than a month, Linda’s book is not only selling briskly, but has reached around the other side of the globe with multiple bulk orders.
James Johnson, Partner at LeasingPress.com, indicated that “Linda’s is a well-known name in the industry. We see sales along two tracks. First, leasing professionals find the tips a ‘no-brainer’ investment to help them increase volume. Second, larger organizations are placing bulk orders to ensure their entire sales force is maximizing their sales and marketing activities.” When asked why the larger organizations are buying dozens of books, Johnson replied “By way of example, a prominent leasing company in Australia ordered 4 copies two weeks ago, and 60 copies last week. Then a second Australian company purchased 30 copies. Why? It’s simple! By putting the book in the hands of their marketing and sales professionals, they know that their deal flow will increase dramatically. Companies especially like the breakdown of tips by Skill, Knowledge, and Motivation – something exciting for everyone, from junior to senior alike. After all,” Johnson continued, “If just one tip lands you a deal, the small investment in this book is golden.”
Packed with 366 tips, each reader should come away with a lot more than one new deal! In an organization purchasing multiple copies, folks gain synergistically – and have fun – by talking about their favorite tips, and by discussing ways to apply a particular slant to a tip to suit their specific needs.
You can order your copy or discuss bulk orders by visiting the LeasingPress.com website.
About LeasingPress.com:
LeasingPress.com offers leasing books and workshops; and provides consulting and expert witness services. Their previous books include “Power Tools for Small Ticket Leasing” and the industry standard "Power Tools for Successful Leasing."
Contact James Johnson at +1 (815) 753-1116, email jamesjohnson@niu.edu or
visit LeasingPress.com for more information.
[headlines]
### Press Release ###########################
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News Briefs---- Wolfowitz's tenure at the World Bank hangs in balance
http://www.channelnewsasia.com:80/stories/afp_world_business/view/275872/1/.html
Billions in Oil Missing in Iraq, U.S. Study Says
http://www.nytimes.com/2007/05/12/world/middleeast/12oil.html?ex=1179633600&
en=e4761a5010834cce&ei=5123&partner=BREITBART
Allstate will stop insuring California homes
http://www.usatoday.com/money/industries/insurance/
2007-05-11-allstate-california_N.htm
Forbes: San Diego, CA homes most overpriced
http://www.signonsandiego.com/news/business/20070512-9999-1b12forbes.html
[headlines]
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You May have Missed--- Cities brace for the elderly
http://www.usatoday.com/news/nation/2007-05-13-cities-elderly-surge_N.htm
[headlines]
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Sports Briefs---- Warriors pushed to the edge as Jazz go up 3-1
http://www.contracostatimes.com/ci_5890038
UCLA captures 100th NCAA team title
http://www.usatoday.com/sports/college/2007-05-13-ucla-100_N.htm
Niedermayers combine in OT as Ducks sink Wings
http://www.usatoday.com/sports/hockey/nhl/2007-05-13-ducks-red-wings-gm2_N.htm
Favre asked for trade after draft
http://msn.foxsports.com/nfl/story/6805790
[headlines]
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“Gimme that Wine” Consumer Direct Shipping Index Report
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view
&newsId=20070510005209&newsLang=en
American wine producers 'ignorant' of Chinese culture
http://www.decanter.com/news/118826.html
Mike Grgich's storied journey from Yugoslavian bookkeeper to Napa Valley legend
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/05/11/WIGITPLQ2A1.DTL
Screaming Eagle winery on Napa Valley's Silverado Trail
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/20070509/NEWS04/
705090304/-1/SPECIAL&THEMES=FOODWINE
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
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Calendar Events This Day Clean Up Your Street Day
Crazy Day
Dance like a Chicken Day
http://holidayinsights.com/moreholidays/May/dancelikeachicken.htm
Motorcycle Riders Day
National Buttermilk Biscuit Day
http://www.texascooking.com/recipes/butrbisc.htm
National Meeting Planners Appreciation Day –
To recognize the important role that meeting and convention planners play in promoting tourism in local communities. Annually, the Monday of National Tourism Week.
National Receptionist Day –
Day of recognition for our nation’s frontline personnel in business, because you only get one change to make a good first impression. Receptionists may for by other names such as host/hostess, maire’d, front desk clerk, operator, customer service representative, information desk personnel or anyone responsible for creating or maintaining a favorable image for the company by greeting clients and guests. There are some 892,000 receptionists in the US. Annually, May 12 or the next business day if the 12th falls on a Saturday or Sunday (previously observed on May 14)
Underground America Day –
Underground America Days is one man’s (Malcolm Wells) attempt to get others to think of designing and building structures underground. Wells publishes illustrations and humorous suggestions for celebrating Underground America Day. 33rd Anniversary
Stars and Stripes Forever Day
Saint Feast Days
http://www.catholic.org/saints/f_day/may.php [headlines]
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The fastest served ball in tennis was clocked at 154 miles an hour in 1963.
(Number 23 wrong. "'Big Bill' Tilden, in 1931, was credited with 163.3 mph 262.8 km/h.Britain's Mike Sangster had a serve timed at 154 mph in 1963.
http://hypertextbook.com/facts/2001/TinaCheung.shtml
http://www.islamonline.net/English/Youth/checkthisout/sport/2006/06/01.shtml
[headlines]
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Today's Top Event in History 1904-The first Olympic Games held in the United States was the Third Olympiad, held in St. Louis, MO, from this day to August 1, 1904. The games were first awarded to Chicago, IL., but were later given to St. Louis to be staged in connection with the World’s Fair. There were few entrants other than Americans in the 14 events. In the field competitions, the American athletes made a clean sweep of all the events with the exception of lifting the bar and throwing the 56-ound weight.
[headlines]
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This Day in American History In the early days of the English colonies, trade was a one-way street. The colonists badly needed supplies from the homeland. Historians note that unfortunately, some of the earliest pioneers, as at Jamestown, were adventurers interested more in making a quick fortune from the alleged riches of the New World than in engaging in agriculture or forestry. In late years, through a great diversity of settles arrived and brought with them a variety of skills. They ranged from wealthy Englishmen, who wanted to carve out large estates, to servants. Merchants saw the opportunity for trade as populations grew. Groups seeking religious freedom were also prominent, bringing with them a tradition of hard work and a willingness to start life anew.
As a side comment to this, a measure of social position among the male settlers of Jamestown was the fact that of some 105 men, 35 were considered gentlemen, persons whose means freed them from the need to work or engage in trade. The second expedition to Jamestown contained 33 gentlemen out of 120. In the early days, a gentleman was a “high rank” in society and to be one greatly admired and respected.
http://memory.loc.gov/ammem/today/may14.html
1771-Robert Owen, English progressive owner of spinning works, philanthropist, Utopian socialist, founder of New Harmony, IN, born at Newtown, Wales. Died there Nov 17,1858.
http://robert-owen.midwales.com/
1796-In the 18th century, smallpox was a widespread and often fatal disease. Edward Jenner, a physician in rural England, heard reports of dairy farmers who apparently became immune to smallpox as a result of exposure to cowpox, a related but milder disease. After two decades of studying the phenomenon, Jenner injected cowpox into a healthy eight-year-old boy, who subsequently developed cowpox. Six weeks later, Jenner inoculated the boy with smallpox. He remained healthy. Jenner called this new procedure vaccination, from vaccinia, another term for cowpox. Within 18 months, 12,000 people in England had been vaccinated and the number of smallpox deaths dropped by two-thirds. . Inoculations were begun in the United States where the spread of smallpox had wiped out entire communities, particularly Indian tribes.
1804-Charged by President Thomas Jefferson with finding a route to the Pacific, Meriwether Lewis and Captain William Clark left St. Louis. They arrived at he Pacific coast of Oregon in November, 1805 and returned to St. Louis, September 23, 1806. http://www.pbs.org/lewisandclark/
1834 - The greatest snowstorm ever to occur in may hit the Northern Atlantic coastal states. The hills around Newbury, Vermont were covered with up to 24 inches of snow and the higher elevations around Haverhill, New Hampshire received up to three feet.
1856-Liutenant David Dixon Porter of Chester, PA, arrived at Indianola, Texas with camels imported for military purposes form Ismir, Turkey on the ship “Supply,” a Navy store ship. The shipment consisted of 34 camels---one more than left Smyma. ON March 3, 1855, Congress had appropriated $30,000 to the War Department for the purchase and importation of camels and dromedaries to be employed for military purposes.
http://www.tulane.edu/~latner/Porter.html
http://www.arlingtoncemetery.com/ddporter.htm
http://www.cyberschool.k12.or.us/~layton/biographies/p/daviddixonporter/
daviddixonporter.html
http://www.civilwar.si.edu/navies_porter.html
http://www.galapagos.to/DIXON.HTM
1856-The editor of the San Francisco Daily Evening Bulletin was assassinated by a rival newspaper owner. A vigilante group seized the assassin from the sheriff, then tried, convicted, and executed him.
1863- Setting aside their own cry for equality, Susan B. Anthony and Elizabeth Cady Stanton called a meeting of the Women's National Loyal League that would gather hundreds of thousands of petitions calling for a Constitutional amendment to abolish slavery.
1874-This one event created a lot of “firsts”, starting with the first football goalpost when McGill University and Harvard University squared off at Jarvis Field, Cambridge, MA. The teams played rugby football under Harvard’s rules, which stated that every goal constituted a game. McGill arrived with 11 men and Harvard with 15, four of whom were dropped to equalize the teams. Harvard won three games, the first two lasting about five minutes and the third about 12 minutes. As McGill is located in Montreal, Canada, this was also the first international rugby football contest to be played, as well as the first instance in which an admission fee was charged at a collegiate sporting event. The proceeds were used for “lavishly” entertaining the McGill team. A second match was played the following day, and a third match was played in the fall in Montreal.
1887-Massachuetts required under the Employers Liability Act, passed this day, for all accidents be reported by employers concerning personal injuries suffered by employees in their services.
1893—birthday of guitarist Pop Stoneman, Galaxy, VA
http://www.fmp.com/orthey/stoneman.html
1896 - The mercury plunged to 10 degrees below zero at Climax, CO. It was the lowest reading of record for the U.S. during the month of May.
1897- the unveiling of a statue of George Washington at Philadelphia, PA, and President William McKinley was present. John Phillip Sousa wrote a march for the event, which is perhaps his most widely known,” The Stars and Stripes Forever.” He was in the U.S. Navy, stationed in Great Lakes, Illinois
1897 Sidney Bechet Birthday
http://www.sidneybechet.org/
1898-drummer Zutty Singleton born Bunkie, LA.
http://www.dws.org/sousa/
1902- (Helen) Flanders Dunbar birthday - U.S. psychiatrist. 4'11". She earned four advanced degrees in seven years including a Ph.D. in philosophy, a B.D, and then added a medical degrees in 1930. Dunbar integrated religion, science, medicine and psychiatry to head the Council for the Clinical Training of Theological Students. Her chief legacy regards psychosomatic approach to illnesses - a study that showed distinctive personality profiles for each disease. She also uncovered the emotional disturbance of accident prone people. Her “Mind and Body “(1947) is a summation of her findings and considered a classic in modern psychiatry.
1904-The first Olympic Games held in the United States was the Third Olympiad, held in St. Louis, MO, from this day to August 1, 1904. The games were first awarded to Chicago, IL., but were later given to St. Louis to be staged in connection with the World’s Fair. There were few entrants other than Americans in the 14 events. In the field competitions, the American athletes made a clean sweep of all the events with the exception of lifting the bar and throwing the 56-ound weight.
1913 - John D. Rockefeller made the largest gift of money (to that time) by establishing the Rockefeller Foundation for $100,000,000. The foundation promotes “the well-being of mankind throughout the world.”
1917-Birthdayof American Composer Lou Harrison, Portland, Oregon. Died Feb. 2,2003 Lafayette, IN.
http://www.classical-composers.org/comp/harrison
1920-Pitcher Walter Johnson of the Washington Senators considered by some to be the greatest pitcher of all time and the faster, won the 300th game of his career, beating the Detroit Tigers, 9-8. Johnson played in the major leagues from 1907 through 1927. He compiled a record of 417 wins against t279 losses with an earned run average of 2.17..
1930-Located in southwester New Mexico, Carlsbad Caverns was proclaimed a national monument. October 25, 1923, and later established as national park and preserve.
http://www.carlsbad.caverns.national-park.com/
1936-Singer Bobby Darin, whose real name was Walden Robert Cassotto, was born in the Bronx, New York City. Darin's big break came in 1958 when he wrote and recorded "Splish Splash," which reached number three on the US charts and sold a million copies. His other hits included "Queen of the Hop" and "Mack the Knife." At the beginning of the '60s, he made the transition from teen idol to a more mature star who performed in Vegas nightclubs. Bobby Darin died on December 20th, 1973 after heart surgery.
http://www.bobbydarin.net/
1937 - Duke Ellington and his band recorded the classic, "Caravan", for Brunswick Records.
1943-- Jack Bruce, one of the most influential bass guitarists in rock, was born in Lanarkshire, Scotland. Bruce's bass playing and tenor vocals with the group Cream in the 1960's were a great influence on the heavy metal groups that followed. He began developing his style with the British rhythm-and-blues pioneers Graham Bond and Alexis Korner. Bruce later played with John Mayall's Bluesbreakers and Manfred Mann before forming Cream with Eric Clapton and Ginger Baker in 1966. The three virtually invented the hard-rock trio style, before breaking up in 1968. Bruce later played in a variety of styles, including hard rock and fusion, with several groups, such as West, Bruce and Laing, Jack Bruce and Friends, and BLT.
1945-Gene Cornish, guitarist with the blue-eyed soul group, the Rascals, was born in Ottawa. The group began - as the Young Rascals - by playing dance clubs in Long Island, New York in the mid-1960's. Their hits included "Good Lovin' " and "Groovin'." After changing their name to the Rascals, the group mellowed, going for more jazz-influenced, stretched-out arrangements. The Rascals broke up in the early '70s.
1950----Top Hits
My Foolish Heart - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
It Isn’t Fair - The Sammy Kaye Orchestra (vocal: Don Cornell)
The Third Man Theme - Alton Karas
Long Gone Lonesome Blues - Hank Williams
1951—Comedian Ernie Kovacs first hosted "It's a Time for Ernie", a 15-minute afternoon program on NBC in May of 1951 before replacing the "Kukla, Fran and Ollie Show" with "Ernie in Kovacsland." Kovacs also appeared on a variety of daytime and prime-time series and was a fill-in for Steve Allen on the "Tonight!" Show. One of his most famous skits was The Nairobi Trio! He early shows featured his wife, Edie Adams, who smoked a cigar later in commercials, in a seductive manner, saying she liked men who smoked cigars. I will never forget Ernie Kovacs reduced very small and superimposed over his wife, looking down who low cut dress. He died in a freakish accident in Beverly Hills, not driving fast, but on a rainy road ramming into a telephone poll where the climbing rung was left and it pierced the driver's door, killing the great comedian.
http://home.earthlink.net/~jlerew/eefms.html
1951- saxophonist Jay Beckenstein born Brooklyn, NY, leader of the jazz-pop band Spyro Gyra.
http://www.jaybeckenstein.com/biography.html
http://www.thecelebritycafe.com/interviews/spyro_gyra.html
1955-Bo Diddley's "Bo Diddley" backed with "I'm a Man" debuts on the R&B chart. It will go to #2 making it his most successful record. The A side introduces what will be known as the Bo Diddley beat.
1956- Mercury records releases "The Platters," the million-selling group's first album. Although in the next several years it will sell over 50,000 copies, it contains none of their recent hits.
1956- Mercury Records released the first LP by the Platters. They had just scored on the charts with "Only You" and "The Great Pretender." I bought it, and still have it to this day.
http://www.rockhall.com/hof/inductee.asp?id=169
http://www.theplatters.com/history.html
http://www.celebritydirect.org/platters/disco.htm
1957 - The musical, "New Girl in Town", opened at the 46th Street Theatre in New York City. Thelma Ritter and Gwen Verdon starred in the Broadway adaptation of Eugene O’Neill’s "Anna Christie". "New Girl in Town" had a run of 431 performances.
1958----Top Hits
All I Have to Do is Dream - The Everly Brothers
Wear My Ring Around Your Neck - Elvis Presley
Return to Me - Dean Martin
Oh Lonesome Me - Don Gibson
1959-In a melding of classical ballet and modern dance, George Balanchine’s and Martha Graham’s “Episodes” premiered. A new experience for ballet enthusiast, half of the program was choreographed by Balanchine and the other half by Graham.
http://www.thesmokinggun.com/louie/louiereal1.shtml
1963 - No. 1 Billboard Pop Hit: "If You Wanna Be Happy," Jimmy Soul.
1966----Top Hits
Monday Monday - The Mamas & The Papas
Rainy Day Women #12 & 35 - Bob Dylan
Kicks - Paul Revere & The Raiders
I Want to Go with You - Eddy Arnold
1966-- The Kingsmen's "Louie Louie" on pop charts since '63, enters the Hot 100 for the ninth & last time with a re-released version. Incites controversy over its unintelligible, but assumed obscene lyrics: "Smash your left hand down about right here three times, then twice up in this area, then three times right about here . . . that's "Louie Louie."
http://www.louielouie.org/
http://www2.sunysuffolk.edu/mccoykj/louie/
http://www.thesmokinggun.com/louie/louiereal1.shtml
1970- Crosby, Stills, Nash and Young announced their breakup before a performance in Chicago. The band - minus Neil Young - would regroup several times during the next dozen years. And all four would get together again in 1988 for the hit single and album "American Dream."
http://www.csny.net/
1972-- After 21 seasons with Giants in New York and San Francisco, 41-year old Willie Mays makes a dramatic debut for his new team as he hits a game winning home run off his former team giving the Mets a 5-4 victory. The 'Say Hey Kid's' 647th career homer in the fifth breaks a 4-4 deadlock.
1973-The House of Representatives received formal approval of the appointment of female pages in 1972. Today the 934d Congress, appointed Felda Looper as the successor to Gene Cox, who, for three hours, had served as the first female page 34 years earlier.
1973 - No. 1 Billboard Pop Hit: "You Are the Sunshine of My Life," Stevie Wonder. It is his third chart-topping hit.
1973-Kenny Loggins and Jim Messina's first LP, "Sittin' In," goes gold. The two actually got together by accident. Messina was going to produce a solo effort for Loggins, but the two had such a rapport that Messina was persuaded to perform.
1974-Three Dog Night's "The Show Must Go On" turns out to be group's last gold record. The song reaches #4 on the pop chart is also the band's last Top Twenty single. The group had eleven gold records, three of which -- "Joy to the World," "Mama Told Me Not to Come" and "Black and White"-- hit Number One.
1974----Top Hits
The Loco-Motion - Grand Funk
The Streak - Ray Stevens
Dancing Machine - The Jackson 5
Is It Wrong (For Loving You) - Sonny James
1981-Birthday of American composer Aaron Alon, Florida
1981 - No. 1 Billboard Pop Hit: "Bette Davis Eyes," Kim Carnes. Bette Davis responds by sending roses to Carnes when the song wins a Grammy. The song is first recorded by Jackie DeShannon.
1982----Top Hits
Chariots of Fire - Titles - Vangelis
Ebony and Ivory - Paul McCartney with Stevie Wonder
Don’t Talk to Strangers - Rick Springfield
Always on My Mind - Willie Nelson
1985 - The first McDonald’s restaurant -- in Des Plaines, IL -- became the first museum of the fast-food business. McMannequins, McPosters and loads of McPhotos display years of hamburger McProgress http://www.mcdonalds.com/countries/usa/corporate/info/museum/index.html
1987 - The temperature at Sacramento, California soared To 103 Degrees To Establish A May Record Of 7 Days With High Temperatures Of 100 Degrees Or Above. It Also Marked The 9th Record High Of The Month.
1990----Top Hits
Nothing Compares 2 U - Sinead O’Connor
Vogue - Madonna
All I Wanna Do is Make Love to You - Heart
Help Me Hold On - Travis Tritt
1990 - Thunderstorms developing ahead of a cold front produced severe weather from northwest Texas to western Missouri. Severe thunderstorms spawned seventeen tornadoes, including nine in Texas. Four tornadoes in Texas injured a total of nine persons. Thunderstorms in Texas also produced hail four inches in diameter at Shamrock, and hail four and a half inches in diameter near Guthrie. Thunderstorms over northeastern Kansas produced more than seven inches of rain in Chautauqua County between 9 PM and midnight.
1991-- President Bush announced his selection of Robert M. Gates to head the Central Intelligence Agency.
1993- Softkey Software and WordStar International announced a merger on this day in 1993: The companies hoped that joining forces would help them hold their ground against larger software companies. The WordStar word processor, released in 1979, was one of the first word processors available for the personal computer, and the product became an immediate hit, selling nearly a million copies within five years. Unfortunately, WordStar was slow to convert to the PC-DOS operating system, introduced by IBM in 1981. As a result, the product lost its dominant position in the word processor market. In 1994, WordStar and Softkey merged with Spinnaker Software.
1996-Basketball player Earvin “Magic” Johnson announced his retirement for the second time form the Los Angeles Lakers. Johnson had first retired before the start of the 1991-92 NBA season when he learned he was HIV-positive. Other players rebuffed his attempts to come back for the 1992-93 season, but he did play 32 games in 1995-96.
1998- While we “celebrate “birthdays, today is an exception, Frank Sinatra, 82, dies in Los Angeles, 1998. The Chairman of the Board has left the room.
NBA Finals Champions This Date
1981 Boston Celtics.
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Baseball Poem
The Base Stealer
Poised between going on and back, pulled
Both ways taut like a tight-rope walker,
Fingertips pointing the opposites,
Now bouncing tiptoe like a dropped ball,
Or a kid skipping rope, come on, come on!
Running a scattering of steps sidewise,
How he teeters, skitters, tingles, teases,
Taunts them, hovers like an ecstatic bird,
He's only flirting, crowd him, crowd him,
Delicate, delicate, delicate, delicate - Now!
----Robert Francis
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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
[headlines]
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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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[headlines]
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