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Independent, unbiased and fair news about the Leasing Industry
kitmenkin@leasingnews.org
   




Friday, May 11, 2012



Today's Equipment Leasing Headlines

    May 11, 2009 Archives
 Heritage Pacific Leasing, Fresno, California
    Classified Ads---Sales Manager
JPMorgan Chase acknowledges $2 billion trading loss
  Funders Looking for New Broker Business--Updated
   New Hires---Promotions
    Classified Ads---Testimonials
     Cartoon---Re-Organization
   “How to be a Legal Expert”
     by Christopher Menkin
      Krispy Kreme Turns 75 with Global Celebration
       United Capital Refinances Debt Domino’s Pizza® Operator
    Equipment Rentals Couple Pleads Guilty to Tax Fraud
      Poodle (Miniature)
      Delaware County, Pennsylvania Adopt-a-Dog
   Mother's Day Edition
     Movie Recommendation by Fernando Croce
        Classified Ads---Employment Web Sites
News Briefs---
 Lending still 'tight' says Bernanke
  TAB Bank Provides $31.4MM Credit Facilities April 2012
   Small banks turn to wealth management
    Extended jobless benefits cut in eight states

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

   You May have Missed---
    SparkPeople--Live Healthier and Longer
     Sports Briefs---
      Spring Poem
       California Nuts Briefs---
        "Gimme that Wine"
          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.



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May 11, 2009 Archives
Heritage Pacific Leasing, Fresno, California

by Christopher Menkin


John Otto's company Heritage Pacific Leasing, Fresno, California was reportedly sold to a group with the escrow to close in early April. Leasing Note holders have been contacting Leasing News to learn if there is any news why they have not been paid on their notes that they hold on leases serviced by Heritage Pacific Leasing, particularly who is purchasing the company so they may contact them about this.

One of the investors told Leasing News that investors had approximately $20 million in this lease. They were allegedly made physicians and others in the medical field, prime credits. None of the investors Leasing News spoke to had ever seen the lease contract or even the name of the leases they were investing in.

“We provided funds to John Otto in a Loan Agreement and he provided Leases as collateral for our investment with him, “One investor said who had about a million dollars in leases along with a friend. “The leases he provided were, supposedly, ones he had purchased from American Express at a discount, but we never saw the leases themselves, just the lease number as listed on our Agreement. These Leases were again supposedly, seasoned leases with American Express and they sold them to John but they (AMEX) continued to service the leases. Theoretically, Amex received the lease payments and forwarded John his amount, which he then forwarded to us after taking whatever income off the top. The rates that most of our loans with him were paying were 9% simple interest paid monthly, with a three year balloon.”

It was interesting that the investors spoken to were referred by friends who had invested. It appears they were paid 9% simple each month, and at the end of the term, could realize their money back, sometimes with an additional 2% profit, or reinvest the money. Rates would vary, Leasing News was told, based on the creditworthiness and ranged from 9% to 12% simple interest, paid monthly. Most were “American Express” leases that Mr. Otto had purchased, Leasing News was told, but some were agricultural equipment.

An investor Leasing News spoke with informed him that American Express Business Finance was sold October, 2004 to Key Equipment Finance and 36 month contracts would have expired in 2007. He was under the impression “America Express” was still in the equipment leasing business. He repeated a good friend has made several leasing contract investments with John Otto and all were paid on time until April of this year.

Through out the years several potential investors called Leasing News, finding stories about John Otto and Heritage Pacific by using Google. Most of the inquiries concerned leases that Heritage Pacific was funding themselves to be underwritten by the investor.

Otto, of course, is well-known in the equipment leasing industry. After IFG Leasing broker up, many of the officers split their geographic regions and opened Heritage Pacific Leasing; some opened up companies under different names. Many of them were quite active in the Western Association of Equipment Lessors. This one was sold to Mr. Otto, who at one time had several interests in several leasing companies, including his own entity in Southern California.

February, 2008 without any notice, Leasing News was told he let his entire Fresno operation sales staff go including Rick Gatelli, CLP, the president, and Charlie Litt, Senior Vice-President. Ron Mitchell, too. John Otto, the owner, CEO, confirmed that he has rejected an offer to sell the company to Rick Gatelli, CLP, Charlie Litt, and John Estok, CLP, formerly of IFC Credit Corporation and First Portland Corporation were bidders at the time. Otto told Leasing News at the time he had another suitor and is considering it, but does not need to sell the company. He divested himself of his investment in Pentech Financial, Campbell, California, in 2007, he confirmed, and as readers know closed down Centerpoint Leasing after CEO was convicted of theft. Otto was the major investor in the company.

Leasing News hopes to have an interview with Mr. Otto for the next edition.

(The interview never took place as John Otto committed suicide with a revolver while seated in his GMC Arcadia SUV in a Palm Desert city-owned parking lot. Many investors lost their savings, retirement, as well as well as their homes. The FBI has never failed a case, although a class action suit filed by Ara Jabagchourian and Aron K. Liang of Cotchett, Pitre & McCarthy, LLP and Donald Fischbach of Dowling, Aaron & Keeler, Inc found a judgment against Heritage Leasing, MAC dba Heritage Leasing, Kathleen Otto and Air Fred for $114.5 million, plus $46.5 million against both Dan Ramirez and Andy Fernandez; $720,000 on top of that against Dan Ramirez. Also named was Kathleen Otto, who was an officer of the companies, where bookkeeping was down out of the Otto residence. May 9th the attorneys began their search for existing assets to satisfy the judgment. editor).

Gary DiLillo, President 440.871.0555 or gary@avptc.com

Comprehensive personal property tax outsourcing services.
Click here to see what our clients say about us.

 

 


 

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Classified Ads---Sales Manager




(These ads are “free” to those seeking employment or looking
to improve their position)

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales Management. Over 25 years , will relocate and travel---successful and team player.
e-mail: tlinspections@gmail.com


Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

 

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JPMorgan Chase acknowledges $2 billion trading loss


On Thursday, JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon announced the bank had suffered a $2 billion trading loss after an “egregious” failure in a unit managing risks. This was quite a surprise from one of the top five banks in the country.

SEC filings showed JP Morgan Chase year end had $35.4 billion in noncurrent loans with a profit of $12.4 billion, after $6.3 billion in charge offs ($3.5 billion in 1-4 family residential properties, $1.5 billion in loans to individuals, $794 million in commercial and industrial loans, $98 million in other loans. The third quarter showed a $1.5 billion charge off. Tier 1 risk-based capital ration was 9.38%.

Not recorded was the position on synthetic credit securities that may cost the firm $1 billion.

According to Bloomberg, "The $2 billion loss occurred in London under multiple traders, according to an executive at the bank, who spoke on the condition of anonymity. Dimon wasn’t immediately told about their shift in strategy and didn’t know the magnitude of the losses until after the company reported earnings April 13, the executive said."

Partly because of the $2 billion trading loss, JPMorgan said it expects a loss of $800 million this quarter for a segment of its business known as corporate and private equity. It had planned on a profit for the segment of $200 million.

"The portfolio has proved to be riskier, more volatile and less effective as an economic hedge than we thought," CEO Jamie Dimon told reporters. "There were many errors, sloppiness and bad judgment."

Ironically Bank executives, including Dimon, have argued for weaker rules and broader exemptions.

 

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Funders Looking for New Broker Business---Updated

There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.

Leasing News reserves the right to not list a company who does not meet these qualifications.

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged.

1st Enterprise Bank Leasing
Advantage Funding
Agility Solutions
Allegiant Partners Incorporated
Allegheny Valley Bank Leasing
American Leasefund, Inc.
Bank of the West
Bankers Capital
Barrett Capital Corporation
Black Rock Capital
Blackstone Capital Partners, L.P.
Blue Bridge Financial, LLC
Boston Financial & Equity Corp.

BSB Leasing, Inc.
Calfund, LLC
Chesapeake Industrial Leasing Co., Inc.
Cobra Capital LLC
Commerce National Bank Leasing
Dakota Financial
Data Sales Co., Inc.
Exchange Bank Leasing (formerly Dumac Leasing)
FirstLease, Inc.
First Federal Leasing
Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Lease Corporation of America
Manufacturer's Lease Plans, Inc

Mar Vista Financial
Maxim Commercial Credit, LLC
National Equipment Finance
National Machine Tool Financial Corporation
Navitas Lease Corp
NFS Leasing, Inc
Northwest Leasing Company, Inc
P&L Capital Corporation
Pacific Western Equipment Finance
Pawnee Leasing Corporation
Standard Professional Services, LLC
Summit Leasing, Inc.
TEAM Funding Solutions
Vision Financial Group, Inc.


(Click on name to learn more)


Full List:
http://www.leasingnews.org/Funders_Only/New_Broker.htm



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Classified Ads---Testimonials


Northeast

""I want to thank you for listing our Business Risk employment position in Leasing News. Through our various postings, we received resumes from over 50 very qualified candidates

""I am very happy to report that the position has been filled..."

Laurie Bakke, President
Western Equipment Finance

Southern California

"We are definitely satisfied customers after placing our employment ad in Kit's Leasing News. Although the person we hired hadn't seen the ad, a friend of hers in the leasing industry saw the ad and told her that Dakota was hiring...

(The position was filled and time was left on the ad, so it was changed to a marketing person, which they also were successful in finding. editor.)

"It turned out we not only filled our open position, but were able to find an experienced leasing veteran who just wanted a location change. It worked out well for everyone!"

Mae G. Philpott
Sales & Marketing Director
Dakota Financial, LLC

Southern California

"The ad worked great. We hired a Documentation Coordinator that has been out of the industry for almost 3 years as a friend of hers saw our ad on Leasing News. She is now in her 2nd full week.

Andrew Nere, President
Innovative Lease Services, Inc. ®

“The ad worked great again and I am happy to announce we filled the position (and then some) with a fantastic new hire Tamara McCourt. Would you please take the posting out of rotation for us?

“Tamara’s response was a direct result of our Leasing News post. She is a great talent and a great cultural fit for us as well.”

Andrew Nere, CEO
Innovative Lease Services, Inc.®

 

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New Hires---Promotions


Ron Gonzales promoted to Executive Vice-President and Head of Syndication, BSB Leasing, Englewood, Colorado. Previously he was Vice-President of Administration. , He joined the company 1997 and became a stockholder, 2000 when BSB Leasing, Inc was re-acquired from UniCapital. He was Credit Analyst at Imperial Business Credit (1996-1997), Assistant Store Manager, Albertson's (1991-1996). Metropolitan State College of Denver Finance (1986 – 1991)
http://www.linkedin.com/pub/ron-gonzales/b/9b7/120

Joseph Hall is now Senior Account Manager at HOBI, Dallas, Texas. Previously he was the owner and CEO of Hallnet, LLC, McKinney, Texas (July, 2009-May,2012, portfolio manager, Tip Capital (April 2007-January, 2009), asset manager, CIT Business Technology/CIT Systems Leasing (January, 2001-January, 2006), portfolio manager, independent third party leasing company (January, 1998-January, 2001), portfolio manager, Global Business and technology service company (January, 1993-January, 1998), portfolio manager, Electronic Data Systems (January, 1991-January, 1993, portfolio manager, EDS (1991-1993)m sales manager/product manager, Source Telecommunications (January, 1985-January 1991), lobbyist/general manager, Warner Cable Communications (January, 1979-January, 1985),University of Cincinnati MS, Social Welfare Administration (1975 – 1976) Activities and Societies: Recipient of US Dept of Health and Human Services Teaching Assistantship: helped to finance my graduate degree, The Ohio State University Bachelor of Science, Social Work, University of Cincinnati Master, Social Work, Federal Health and Human Services Full Scholarship
http://www.linkedin.com/pub/joseph-hall/a/268/733

Tamara McCourt, CCE, CLP, hired as Director of Operations and Leasing, Innovative Lease Services, Carlsbad, California. Previously she was director of operations and leasing, Five Point Capital (July, 2009-February, 2012), Credit, R.W. Smith & Co. (May, 2009-July, 2009), western region credit manager, Pentech Financial Services, credit manager, Pinnacle Business Finance (February,2004-December, 2007), credit manager, Tacoma Electric Supply (1998-2002), sales representative, The Money Source (1995-1997), executive assistant, Cascade Leasing (1992-1995). Board of Directors, NACM Business Credit Services (2004 – 2007), Past President of the Credit and Financial Development Division of NACM, Tacoma, Washington. Certified Credit Executive National Association of Credit Managers; Certified Lease Professional CLP Foundation; Level 6 Credit Executive National Association of Credit Managers - Western WA; Certified Expert Witness - Bankruptcy Preference National Association of Credit Managers
http://www.linkedin.com/pub/tamara-mccourt-cce-clp/12/145/b9b

Ray Rivera was promoted Senior Finance Officer, Commercial Trucks, Fleet Financing Resources, Riverside, California. He joined the company May, 2011 as Senior Credit Manager (A-Z Resources, LLC, name changed to Fleet Financing Resources. Previously he was in sales, Crossroads Equipment Lease and Finance (November, 2008-May, 2011), operations manager, Geneva Companies (September, 2005-August, 2008), district sales manager, CitiCapital Commercial corporation (1999-2004) California State University-Fullerton - College of Business and Economics (1994 – 1998)
http://www.linkedin.com/pub/ray-rivera/7/353/634

Debbie Saloga was promoted to Vice-President of Documentation and Funding, BSB Leasing, Englewood, Colorado. She joined BSB Leasing, Inc, April, 2011. Previously Operations Manager Heartland Business Credit (March 1999 – September 2010), Operations Manager Granite Financial, (May 1997 – March 1999)
http://www.linkedin.com/pub/debbie-saloga/1b/99/396

Barbie (Schreiner) Schaefer promoted to Human Resources Coordinator at Orion First Financial, LLC, Gig Harbor, Washington. She joined the company October, 2002.
http://www.linkedin.com/pub/barbie-schaefer/35/112/6a1

 



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How to be a Legal Expert”
by Christopher Menkin


If you have twenty years experience in leasing, you may have the credentials to assist in resolving a dispute, supplying testimony as to common practices, or defining the procedures in the leasing marketplace. You may also help mediate a settlement or be able to explain “leasing jargon” or give insight into current practices.

You are to be impartial, meaning you are not to represent the attorney and his client who hired you, but to give you unbiased “expert” testimony only. In trial, you may be called as an “expert witness,” to give your professional opinion.

Attorneys and their client will pay for you expert testimony. This could be from $150 to $450 an hour, including traveling time, waiting time, lodging and food, too. I have been in cases where each side has two or more expert witnesses, each. While situations vary, it is possible to earn from $5,000 to $10,000 for your time in one case.

While I have retired in 1995 from being a "leasing expert witness," I do refer to others when asked. The basics have not changed. Perhaps the fees being charged are more. This column will explore the basics, such as “C.V.”, agreement, and arriving at basic fees to charge.

Every legal expert, and in fact, every attorney, has a “C.V.” It stands for “Curriculum vitæ.” It is Latin for "course of life." It basically is a summary of academic and professional history and achievements.

Some begin with a short paragraph: a summary. It should only be a few sentences, then list your education, then employment in the leasing industry.

If you have testified in any matters as a witness, it is best to list them. If you are hired and the opposing counsel wants to learn about you, one of the requirements is listing previous cases along with the attorneys name and address. Some may require a brief description of the case. A good litigator may call himself or have an assistant call your references on the telephone to learn about you as a legal expert.

You may have a short version and a long version, depending on its use in a publication or a court room. Samples “on line” follow this article. You may be questioned in a deposition, so don’t exaggerate in your “C.V.”

Here is a form that you can download for a fee and use on your computer (you can view it on line, too.) It covers mileage, waiting time, administrative time, research time, court time, and you need to decide what you are worth an hour and work backwards from there. Usually travel time is half your regular time and often court time is 1 ½ your regular time. Don’t forget your parking receipts. In San Francisco, that can be $25.00.

I have a very good friend who is a physician who is an active legal expert for industrial companies on lawsuits. Not only does he charge telephone time, as all attorneys do, but if he is called for a case and it is cancelled without much notice, he charges for the day. He says he blocks out his calendar and traveling, and it is not uncommon for a case to be settled before 5pm on Friday for a Monday trial to begin. He charges for the Monday he would have had to appear.

You can vary your fee per case. It is most common that your fee equals the attorney’s hourly fee. It is best to first talk with the attorney on the telephone to understand what may be required. This conversation is generally free. Don’t give any opinions at this time. Listen. If there is research to be done or to understand what you may be hired for, ask the attorney for an estimate of the time. Ask him what he expects to pay you. Most often, they may turn it around. You may say the fee varies and you want to learn more about the “situation.” To learn more, you may guess (never underestimate.) If it is four hours, make sure he sends you a check along with the documents before you proceed, or when you arrive at his office, you want a check first. I walked away from one he didn’t have a check ready, or couldn’t get one. It is not the way I want to start a “relationship.” Also as a witness, even if brought to an office by a subpoena, you are entitled to a fee. I made one attorney give me cash, which I signed for. Collecting from an attorney is not something that I look forward to. No money, no performance.

Once you pass this threshold, I strongly suggest before going further that you obtain an agreement, plus a retainer. Don’t work for free. Believe me, the smart attorney always gets a retainer from a new client. He expects you to ask for one, and if you don’t, you are not only a “newcomer,” but not as “smart” as he is. He won’t work for a new client without a retainer. Why should you?

Early in the game an attorney called me up about a client who reportedly did not have a purchase option, and the lessor wanted an additional 12 months payment. It was a pretty large lease. The lessee claimed it was to be a $1.00 purchase, and the attorney thought the 12 month payment was a “gimmick."

After agreeing to look at the paperwork, I estimated three hours. At the time, I was charging $200 an hour, so he sent me the lease contracts, which I read, recognized the bank form, found three other leasing companies who did true leases with a 12 month extension, got a copy of their documents, and wrote up an opinion that the payment matched a “tax rate implied interest” and included the documents to support my opinion. He called me up and was annoyed with the opinion, and after a half hour of time, I told him I had almost four hours into this, but some was administrative, so send me the $600, since he obviously wasn’t interested in my opinion or hiring me. You guessed it, I wound up taking him to small claims court (he sent in a check the day before the date with the small claims court fee, too, and I had the small claims postponed 30 days as I didn’t trust him that the check would clear.)

I had another experience that I was charging $125 an hour for research and $250 an hour for my time, and the party only heard the $125 an hour. When I went over the retainer dollar amount, we both discovered the misunderstanding.

So I not only require a retainer, but a contract, too. Sometimes you have to chase money as the attorney will say the client is paying for your time, and should be paying you direct, but his client has not paid him. I have found attorneys in the middle of a case seem reluctant to ask their client to pay them on time. Maybe I have had some poor experiences, but that is my observation. If they want to work for free, that is their business. I can tell you from experience, once you are no longer necessary (such as a case settling early,) you will have to chase your money.

There are printed and internet legal expert directories where attorneys can find your “C.V.” and explore your ability to help them; geography may make a difference, your experience in your niche may benefit all parties, and you can be paid for your experience.

You can advertise in state and county bar directories, regional books, national books, legal notice newspapers, or on the internet as (list them.) Or on your web site as Ken Goodman, CLP does:
http://www.leasegood.com/ or Joseph Bonanno, who has six or seven ads depending on the search words: http://www.equipmentleasingexpertwitness.com/id1.html or http://www.equipmentleasingexpertwitness.com/id2.html or Paul Bent:
www.thealtagroup.com/north-america/legal-services/legal-services

The best is referral and getting your name out that you are available. Making yourself available to those in your geographic neighborhood who may need your “expert” services is the first thing to do.

Here is a contract template you can purchase:
http://www.4expertise.com/Contract_for_Expert_Witness_Services.html

Equipment Leasing Legal Experts on line:
http://www.romingerlegal.com
http://expertpages.com/experts.php/leasing_california.htm

(There are a lot more, as well as your local county law publication and state publications).

Other advice on being a Legal Expert:
http://expertpages.com/news/cv_checklist.htm


Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry.

He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

502.649.0488/Leaseconsulting@msn.com

 

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

 

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Krispy Kreme Turns 75 with Global Celebration

www.qrsmagazine.com


This year marks 75 years of sharing delicious tastes and creating fond memories and shared special moments through the joy that is Krispy Kreme Doughnuts.

In celebration of 75 years, Krispy Kreme is inviting its fans around the globe to join the celebration. Post your Happy 75th Birthday message on a virtual Birthday Card, interact with the Time Machine of Joy, and share your sweetest Krispy Kreme memories at www.CelebrateKrispyKreme.com.

Krispy Kreme introduced its signature sweet treats on July 13, 1937, in Winston-Salem, North Carolina. Now famous for its Original Glazed doughnut, Krispy Kreme is in more than 690 Krispy Kreme shops in 21 countries and 10,000 mass merchants and grocery stores.

Krispy Kreme kicked off its 75th Birthday celebrations in February with the launch of the 2012 Glaze The Nation Tour, bringing its Krispy Kreme Cruiser and 75th celebration festivities to doughnut fans throughout the domestic United States. Today, the international sweet treat retailer is taking the celebration global with a virtual 75th celebration for doughnut fans of all ages.

“In addition to commemorating 75 years of delicious melt-in-your-mouth doughnuts and coffee, Krispy Kreme’s birthday celebrates how the brand has touched and enhanced lives for generations,” says Dwayne Chambers, chief marketing officer for Krispy Kreme Doughnut Corporation. “It is a birthday party that spans 21 countries and includes millions of Krispy Kreme fans who are devoted and passionate about how the brand has brightened their days and given them an extra bite of joy.”

Krispy Kreme fans of all ages can join and share the 75th Birthday celebration with these interactive birthday activities at CelebrateKrispyKreme.com:

Virtual Birthday Card: What birthday would be complete without a birthday card? Post your Happy Birthday wishes to Krispy Kreme and all the fans that share your joy for its one-of-a-kind delicious treats.

Time Machine of Joy: Join in the celebration of 75 years with this interactive scrollable timeline complete with facts, pictures, and fun.

Go Social Worldwide: Choose a country and celebrate the Joy! See an array of Krispy Kreme international products and connect with Krispy Kreme shops around the world.

Send a Birthday e-card: Send a bit of sweet happiness and joy to your family and friends with customizable e-cards.

Share Your Krispy Kreme Memory: Everyone has a favorite Krispy Kreme moment. Share the Krispy Kreme photos and moments that make you smile.

Follow the Krispy Kreme Cruiser: Follow the fun as the Krispy Kreme Cruiser surprises and delights Krispy Kreme U.S. fans with special treats and prizes.

Click here for more information:
http://www.krispykreme.com/home

 

 

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

United Capital Refinances Debt Domino’s Pizza® Operator



HUNT VALLEY, MD – - United Capital Business Lending, a national business lender specializing in franchise finance, announced today that it provided $1,570,000 in financing to Domino’s Pizza® owner, DFL Pizza, LLC. United Capital refinanced 13 existing locations in Colorado and Wyoming.

“In this highly competitive segment of the franchise industry, Domino’s® remains a leader,” says William Johnson, senior vice president of sales and business development for United Capital. “So United Capital is committed to supporting successful Domino’s® franchisees with loans for new store development, acquisitions, remodels and debt refinancing.”

United Capital Business Lending is a subsidiary of BankUnited (NYSE: BKU), the largest bank headquartered in Florida with over $12 billion in assets.

In addition to Domino’s®, the United Capital team has financed franchisees for Subway®, Denny’s®, Dunkin’ Donuts®, Popeye’s® and Buffalo Wild Wings® among others.

For information about financing for franchise acquisition, new unit development, remodeling or debt refinancing, call United Capital at 866-218-4793 or visit the company’s website at www.unitedcapitalbusinesslending.com.


 

Send Leasing News to a colleague.
Ask them to subscribe. We are Free!!

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

Gold Star Equipment Rentals Couple Pleads Guilty to Tax Fraud


Los Angeles – Appearing before United States District Judge Gary A. Feess, an Apple Valley couple pleaded guilty yesterday to charges that they failed to report over $400,000 in income on their federal tax returns.

Percival Charles Smith, 60, and his wife, Dianne Smith, 61, each pleaded guilty to one count of subscribing to a false federal income tax return for the 2004 tax year.

According to the plea agreement, Percival and Dianne Smith admit they received unreported income of $78,749 in 2004, $150,872 in 2005, and $176,588 in 2006 arising from the Smiths’ employment with Gold Star Equipment Rentals and Westech Industries, Inc. Consequently, Smith and his wife owe additional taxes of $102,384 to the Internal Revenue Service for the 2004 through 2006 tax years.

As a result of today’s guilty plea, Percival and Dianne Smith each face a statutory maximum sentence of 3 years in federal prison and fines up to $100,000 when they are sentenced on September 10, 2012.

The investigation into the Smiths was conducted by the IRS-Criminal Investigation in Los Angeles in conjunction with the US Attorney’s Office for the Central Judicial District.

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

 

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

 

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Poodle (Miniature)
Delaware County, Pennsylvania-- Adopt-a-Dog

Bear
ID#: 51017
Breed: Poodle (Miniature) Mix
Color: White
Age: Senior
Size: Small 25 lbs (11 kg) or less
Sex: Male

“I am already neutered and up to date with shots.”

Bear's Story...
5/4/12
“Sweet senior boy Bear is a loving, friendly, gentle, older adult poodle. He enjoys the simple things in a life: a nice walk, some time on your lap being pet, and a soft place to take long naps. Bear is looking for a home to save him and make sure his life from here on out is nothing but comfortable and safe. He seems good with other dogs too! Please, open your heart and home to this wonderful older pooch today.”

Delaware County SPCA
555 Sandy Bank Rd
Media PA 19063
(610) 566-1370

Monday: 12-7 PM
Tuesday: 12-7 PM
Wednesday: 12-7 PM
Thursday: 12-7 PM
Friday: 12-7 PM
Saturday: 12-7 PM
Sunday: 12-4 PM



Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/ 

 

 

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Classified Ads---Employment Web Sites

Here is a list of top internet job web sites, several specializing in financial, money, and leasing, too.

www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.careerbank.com
www.careerbuilder.com 
www.careerpath.com
www.careerjet.com
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www.worldleasingnews.com

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Special Mother’s Day Edition
By Fernando F. Croce

With Mother’s Day just around the corner, we would like to offer a handful of recommendations to celebrate with the entire family. So hit your Netflix queue and get a hearty fill of cinematic mother love.

Mildred Pierce (Michael Curtiz, 1945): Joan Crawford won a Best Actress Oscar for her performance in this robust tale of maternal dedication, directed with a tinge of film noir by Warner Bros. studio stalwart Michael Curtiz ("Casablanca"). Crawford stars as the titular heroine, a struggling housewife whose crumbling marriage leaves her to take care of her two daughters by herself. With dreams of opening her own restaurant, Mildred begins a romance with a smooth-talking playboy (Zachary Scott), leading up to a startling discovery with her snobbish, spoiled daughter Veda (Ann Blyth). Packing enough powerhouse intrigue for three features into its running time, this compulsively watchable film has been recently and impressively remade for cable TV, though there's no substitute for Crawford's dramatic intensity.


I Remember Mama (George Stevens, 1948): Before turning to such mammoth-sized epics as "Shane" and "Giant," director George Stevens worked on a variety of intimate projects, and few were more intimate than this loving comedy-drama. Set in San Francisco in the early 1900s, the film follows the travails of the Hansen family, a close-knit clan of Norwegian immigrants headed by Mama (Irenne Dunne). Remembering all of their emotional ups and downs is young daughter Katrin (Barbara Bel Geddes), who witnesses Mama's compassionate struggle to combine traditional European values with the discoveries of their new American home. Crafted with a sure touch for laughs and tears and delicately performed by a superb cast, this sometimes forgotten classic deserves to become a Mother's Day staple.


Terms of Endearment (James L. Brooks, 1983): Best known for wildly popular TV series ("Taxi," "The Mary Tyler Moore Show"), writer-director James L. Brooks made an astonishing leap into the big screen with this beloved drama about family bonds. The winner of several Oscars (including Best Picture), it chronicles the often stormy relationship between headtrong matriarch Aurora Greenway (Shirley MacLaine, in an Oscar-winning role) and her equally stubborn daughter Emma (Debra Winger). Over the years the two argue and hug, fight and make up, until sudden tragedy puts their love for each other to its most difficult test. Warm, poignant, funny, and graced with a scene-stealing turn by Jack Nicholson, this is guaranteed to bring families together this Mother's Day. Make sure you have a box of Kleenex handy.


Mother (Albert Brooks, 1996): With his razor-sharp wit, writer-director Albert Brooks has brought his brilliant satirical eye to such topics as network TV ("Real Life"), emotional obsession ("Modern Romance") and domestic anxiety ("Lost in America"). It's motherhood's turn in this hilarious comedy, where Brooks plays John Henderson, a science-fiction writer whose personal life has taken a turn for the worse. After a series of failed relationships, he decides to learn about being less selfish by spending some time with his mother, Beatrice (Debbie Reynolds). Little does he suspect, however, that moving back home will exacerbate his neuroses rather than something them. For hearty laughter, nothing beats Brooks' tart yet loving look at the ties that bind mothers and children together and sometimes drives them crazy.


Kill Bill Vol. 1 & 2 (Quentin Tarantino, 2003-2004): For audiences who like their odes to motherhood a little less conventional, check out this brilliant, delirious mélange of bloody action and intense emotion from director Quentin Tarantino ("Pulp Fiction"). His heroine is The Bride (Uma Thurman), a professional killer who's left for dead by her boss bill (David Carradine) after trying to settle down and start her own family. The two-part epic follows her long, vengeful rampage as she settles scores with her enemies (with indelible supporting turns by Lucy Liu, Daryl Hannah and Michael Madsen) and, in the process, unexpectedly comes to learn about the importance of being a mom. By turns bloody, funny and tragic yet always exhilarating, this is a movie buff's bundle of lifelong fantasies brought thrillingly to cinematic life.

[headlines]
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John Kenny Receivables Management

• End of Lease Negotiations & Enforcement

• Fraud Investigations
• Credit Investigations • Asset Searches
• Skip-tracing • Third-party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

 

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

 


News Briefs----

 

Lending still 'tight' says Bernanke
http://www.upi.com/Business_News/2012/05/10/Lending-still-tight-says-Bernanke/UPI-19111336681526/

TAB Bank Provides $31.4MM Credit Facilities April 2012
http://www.marketwatch.com/story/tab-bank-provides-314-million-in-credit-facilities-in-april-2012-2012-05-10

Small banks turn to wealth management
http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20120510/FREE/305109998

Extended jobless benefits cut in eight states
http://www.washingtonpost.com/business/economy/extended-jobless-benefits-cut-in-eight-states/2012/05/10/gIQAX8X4GU_story.html

 



[headlines]

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SparkPeople--Live Healthier and Longer



SparkPeople Experts' Refrigerators Exposed!
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=1483


 

[headlines]
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Sports Briefs----

 

76ers eliminate top-seeded Bulls in Game 6
http://www.latimes.com/sports/la-sp-nba-20120511,0,5002168.story

Hawks' season ends with loss to Celtics
http://www.ajc.com/sports/atlanta-hawks/hawks-season-ends-with-1435458.html

After years of dealing and debate, Vikings get their biggest win
http://www.startribune.com/politics/statelocal/150960525.html


[headlines]
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Baseball Poem

Stubs

What is it
About ticket stubs
That prevents me
From throwing them away

Not just the precious few

From a World Series
But lately
I can't throw any away

They do not bring to mind

Vivid memories
Of good times
Or remembrances
Of hits and runs past

Yet they stand for something For times I traveled
Outside of time
Like stamped passports
They are all the proof remaining
Of my trips

Written by Gene Carney, published in
“Romancing the Horsehide: Baseball Poems
on Players the Game”
Published by McFarland and Company

 

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8 

 

Adventures in New Greek
http://www.nytimes.com/2012/05/09/dining/reviews/new-greek-reds-adventure-wine-review.html?_r=1&ref=dining

Marvin R. Shanken Inducted into James Beard Foundation Who's Who of Food & Beverage in America
http://www.winespectator.com/webfeature/show/id/46770

Brad Pitt to star in The Billionaire's Vinegar
http://www.decanter.com/news/wine-news/529950/brad-pitt-to-star-in-the-billionaire-s-vinegar

Wine without crowds in Napa's backyard
http://www.chicagotribune.com/travel/sc-trav-0d-coombsville-20120424,0,6231637.story



Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

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

[headlines]
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This Day in History

     1502 - Columbus embarked on his 4th voyage with 150 men in 4 caravels. He reached the coast of Honduras after 8 months and passed south to Panama (1503). He returned to Spain Nov 7, 1504, after suffering a shipwreck at Jamaica.
    1647 - Peter Stuyvesant arrived in New Amsterdam to become governor.
    1690 -- In the first major engagement of King William's War, British troops from Massachusetts seize Port Royal in Acadia (Nova Scotia and New Brunswick) from the French.
    1807-Birthday of Ira Aldridge, Great 19th century Black actor, famous throughout the world, died 1867.
    1792 - The Columbia River, Oregon, is discovered by Captain Robert Gray, who does not know its value, nor did the people in its time of discovery. Gray was a fur trader, and actually poor at it, as he died a pauper, although he had discovered and named much geography along the Pacific Northwest. http://www.oregonpioneers.com/gray.htm
    1823--Birthday of (Catherine) Sister Irene Fitzgibbon, headed a home for foundling babies whose care had previously been assigned to prisoners or the inmates of poorhouses.
She established the New York Foundling Hospital, a maternity hospital, a hospital for children, a care facility for children, a hospital for TB patients, and developed a program to give decent care for unwed mothers both before and after birth.
http://www.catholicity.com/encyclopedia/f/fitzgibbon,catherine.html
http://www.orphantrainriders.com/otm11.html
    1846 - Congress declares war against Mexico at request of the President James Polk. At the time the entire United States Army numbers only about 6,000 officers and men, eventually expanded to nearly 10,000 by war’s end. The bulk of the force needed to prosecute the war will come from the uniformed volunteer militia (forerunners of today’s National Guard) of the various states.
    1855--The oldest gambling house in San Francisco, the El Dorado closed forever because of a new state anti-gambling law.
    1858-Minnesota entered the Union as the thirty-second state on this day. Known as the "Land of Ten Thousand Lakes," Minnesota is the northern terminus of the Mississippi River's traffic and the westernmost point of an inland waterway that extends through the Great Lakes and the St. Lawrence Seaway to the Atlantic Ocean. The Ojibwe and the Dakota were among the Native peoples who first made this land their home and white settlement of the area began in 1820 with the establishment of Fort Snelling. In 1849, Minnesota became a US territory. The building of railroads and canals brought a land boom during the 1850s, and Minnesota’s population swelled from only 6000 in 1850 to more than 150'000 by 1857. Chiefly a land of small farmers, Minnesota supported the Union in the Civil War and supplied large quantities of wheat to the Northern armies. Originally settled by migrants of British, German, and Irish extraction, Minnesota saw a major influx of Scandinavian immigrants during the nineteenth century. Minnesota’s "Twin Cities" — Minneapolis and St. Paul — grew out of Fort Snelling, the center of early US settlement.
http://memory.loc.gov/ammem/today/may11.html
    1862 - The Confederate ironclad CSS Virginia was destroyed by Confederate forces to prevent its capture by Union troops. The Virginia was built from the salvaged hull of the USS Merrimack. Two months prior to its destruction, the Virginia fought several Union ships in what became known as "The Battle of Hampton Roads."
    1864-Attempting to head off Union General Phil Sheridan's cavalry advance on Richmond, one of the South's greatest military strategists, Confederate General J.E.B. Stuart's cavalry encountered the Federals at Yellow Tavern, Virginia. It was a surprise encounter, not only changing the direction of the war, but Stuart was mortally wounded in the battle and died the following day. The loss of one of its most colorful and effective cavalry leaders was a great loss to the South. It also marked the first time that Sheridan, with Gen. Grant’s approval, was making his first independent cavalry action, surprising Stuart considerably. The battle did accomplish the delay of the Federal advance, delaying it long enough for the Confederates to strengthen the defense at Richmond, and Sheridan was forced to change his plans. After a standoff with the Union ironclad Monitor on Mar 9, the Confederate ironclad Merrimac was destroyed by the Confederate navy on May 11. In the wake of advancing Union troops in the Peninsular Campaign. the South was forced to destroy the valuable vessel and its manufacturing facility to prevent its capture by Union forces. The “History Channel” has an excellent series about these two warships.
    1867-- Jefferson Davis [03 Jun 1808 – 06 Dec 1889] is released on bail from prison where, since being captured on 10 May 1865, he was awaiting a treason trial (which never would take place: the charges would be dropped on 25 December 1868) for having been President of the Confederacy during the US Civil War.
    1885 --Jazz musician "King" Oliver born New Orleans, Louisiana. 
http://www.redhotjazz.com/kingo.html
http://www.michaelminn.net/armstrong/sessions1/s231005.html
http://www.amazon.com/King-Olivers-Creole-Jazz-Band/dp/B000005R5L
#moreAboutThisProduct

    1888-- American songwriter Irving Berlin was born in Russia. He wrote nearly 1,000 songs, and had his first hit in 1911 with "Alexander's Ragtime Band." Many of his best songs came from such Broadway musicals as "Call Me Madam" and "Annie Get Your Gun." Berlin also composed film scores, and many of his stage musicals were adapted for the screen. Among the best known of his songs are "White Christmas," "God Bless America" and "There's No Business like Show Business." On this date in 1988, celebrities from Frank Sinatra to Isaac Stern, Ray Charles to Leonard Bernstein paid musical tribute to Irving Berlin on his 100th birthday. The Carnegie Hall concert ended with all the performers singing "There's No Business like Show Business." Berlin himself did not attend but members of his family were there. Berlin died on September 22nd, 1989, age 101.
    1889 - Major Joseph Wham and group of soldiers, carrying a military payroll of $29,000, were attacked by a dozen outlaws near Fort Thomas, Arizona Territory. After wounding more then half the soldiers and driving off the rest, the outlaws simply walked away with the entire payroll. A posse of lawmen rounded up various suspects who were later charged with the sensational robbery. Most of these suspects were Mormons with political connections and the accused men were defended by the famed lawyer Marcus Aurelius Smith. Major Wham and his men were unable to identify any of the dozen defendants in court and they were all acquitted. It was widely claimed that political pressure from the acting governor allowed the thieves to go free.
    1894 - During the Depression of 1893, the company handed out a hefty round of wage cuts; though the cuts ate up 25 percent to 40 percent of workers' take-home pay, the company refused to lower its rents. In May of 1894, a group of workers implored company chief George Pullman to redress the situation. Pullman promptly fired three of the workers. The rail managers won the support of Federal and state troops, which led to a long and violent skirmish in early July.Pullman and the rail managers soon prevailed over the strikers, many of whom were subsequently barred from working in the rail industry.
    1894--Birthday of Martha Graham, the woman who most embodied the movements of modern dance; who influenced American modern dance as a dancer, teacher, and choreographer. Her career spanned more than 60 years during which she created almost 200 works from solos to feature presentations. Died April 1, 1991
http://www.time.com/time/time100/artists/profile/graham.html
http://marthagraham.org/center/
http://www.pbs.org/wnet/americanmasters/database/graham_m.html
    1895--Birthday of American composer William Grant Still, born Woodville, Ms; perhaps the best-known African-American classical composer of the 20th century Died 3 December 1978, Los Angeles, California. Still wrote 8 symphonies, 7 operas and more than 100 other works, included such important works as Levee Land and Sahdji. As the ClassicalMusicDetroit.com site notes, he was a pioneer in many ways: as the first Black person to conduct a major American symphony (the Los Angeles Philharmonic at the Hollywood Bowl in 1936), to have an opera (Troubled Island in 1949) produced by a major company, and to have an opera performed on television (Bayou Legend, posthumously, in 1981). 
http://www.williamgrantstill.com/wgsbiography/
http://www.shs.starkville.k12.ms.us/mswm/MSWritersAndMusicians/
musicians/WGStill.html

http://odyssey.lib.duke.edu/sgo/findaid/stillbio.html
    1898 - Sailors and Marines from USS Marblehead and USS Nashville cut trans-oceanic cable near Cienfuegos, Cuba, isolating Cuba from Spain. The operation was performed close to shore, directly under the guns of the enemy soldiers garrisoned at Cienfuegos. For more than an hour the small boats with their crews of brave young sailors and Marines endured the dangerous waters, the ever present mines, the crash of large rounds, and small arms fire, to continue their task. On the U.S.S. Nashville, sailors who had not been selected for the mission continued to man the ship's big guns to cover their comrades. Finally, one of the cables was cut through. The shore end was dropped in place and one of the boats from the Marblehead towed the other end out to sea where it was dropped after another large section of cable was removed to make it harder to repair. Finally, the second cable was cut. A remaining smaller cable on the shore would have to be ignored. The badly battered sailors and Marines, in small boats barely able to remain afloat, turned to return to their warships. As they fought the seas, the enemy began finding their range. Large shells dropped closer and closer to the small sailing ships. For a few minutes, it looked as if all of the volunteers would be lost. In the distance Lieutenant Dillingham turned the Nashville towards the shore, steaming ahead and then turning again to place his warship between the enemy on the shore and the retreating smaller boats of the cable cutting crews and their Marine guards. It was a bold act, exposing his ship to intense enemy fire, but for the badly battered volunteers, it meant the difference between life and death. The wounded were quickly taken aboard the warships for medical care. Many of the men had suffered wounds, several of them repeated wounds, and at least three were critical or fatal. All 52 men, 26 from each of the Marblehead and the Nashville, were subsequently awarded Medals of Honor.
    1901--Birthday of Gladys Rockmore Davis, U.S. artist who has works hanging in the Metropolitan Museum of Art. Died 1967.
http://www.rogallery.com/davis_gladys_rockmore/davisgr-biography.htm
http://www.artnet.com/artist/652212/gladys-rockmore-davis.html
    1910 - Glacier National Park in Montana was created by an act of Congress. With over one million acres, the park is home to many animals, including wolves, grizzly bears, and mountain lions, and over 1400 plant species.
    1912 - Birthday of Phil Silvers, comedian and actor, who had one of the most popular 1950's TV show where he starred as St. Bilko. He was on Broadway before and after as well as had a second TV show and was sought as a guest on many early 1960 TV shows for his humor. As a "Did you Know?:” Silvers wrote the lyrics for Frank Sinatra's "Nancy (With the Laughing Face)".
    1916 - Einstein's Theory of General Relativity was presented.
    1926 -- Birthday of Mort Sahl, comedian, political satirist, beatnic, born Montreal, Quebec, Mort Sahl was one of a kind -- a razor-sharp trailblazer of biting, tremendous popular critical comedy in the 1950s and 1960s.
http://www.mortsahl.com/
http://www.imdb.com/name/nm0756340/
    1927 - The Academy of Motion Picture Arts and Sciences was founded. The first Oscars were for films produced in the first year of the Academy: 1927-28. (For the first 6 years, the awards were for films produced during the fiscal year, not the calendar year.) Among the first winners were Emil Jannings and Janet Gaynor for acting, and Wings for best picture. 
    1928 - WGY-TV in Schenectady, New York began the first schedule of regular TV programs. WGY offered programming to the upstate New York audience three times a week using the electronic scanning method. 
    1937 -- Battle of the Bands between Benny Goodman & Chick Webb, Savoy, NY. 
    1938-Birthday of American composer Harvey Sollberger.
http://music.ucsd.edu/public/fm_music_directory.php?cmd=fm_music_directory_detail
&query_Full_Name=+Harvey+Sollberger&query_Active_Status=Faculty

http://grace.evergreen.edu/~arunc/texts/music/wolpe/wolpe/Harvey_
Sollberger.html

http://www.newworldrecords.org/album.cgi?rm=view&album_id=17524
    1941-- rock singer Eric Burdon, who first came to fame with the Animals during the 1960's British invasion, was born in Newcastle-on-Tyne, England. The Animals hit the top of the charts in both Britain and North America in the summer of 1964 with "House of the Rising Sun." When the original group broke up in 1966, Burdon began billing the band as Eric Burdon and the Animals. They began playing psychedelic songs, such as "San Franciscan Nights" and "Sky Pilot." In 1970, Eric Burdon fronted the funk band War for their number-one hit "Spill the Wine," but by the following year Burdon and War had parted company.
    1942 -- Go Down, Moses by William Faulkner is published.
http://www.mcsr.olemiss.edu/~egjbp/faulkner/faulkner.html
    1944--*WAUGH, ROBERT T. Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, 339th Infantry, 85th Infantry Division. Place and date: Near Tremensucli, Italy, 11-14 May 1944. Entered service at: Augusta, Maine. Birth: Ashton, R.I. G.O. No.: 79, 4 October 1944. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty in action with the enemy. In the course of an attack upon an enemy-held hill on 11 May, 1st Lt. Waugh personally reconnoitered a heavily mined area before entering it with his platoon. Directing his men to deliver fire on 6 bunkers guarding this hill, 1st Lt. Waugh advanced alone against them, reached the first bunker, threw phosphorus grenades into it and as the defenders emerged, killed them with a burst from his Tommy gun. He repeated this process on the 5 remaining bunkers, killing or capturing the occupants. On the morning of 14 May, 1st Lt. Waugh ordered his platoon to lay a base of fire on 2 enemy pillboxes located on a knoll which commanded the only trail up the hill. He then ran to the first pillbox, threw several grenades into it, drove the defenders into the open, and killed them. The second pillbox was next taken by this intrepid officer by similar methods. The fearless actions of 1st Lt. Waugh broke the Gustav Line at that point, neutralizing 6 bunkers and 2 pillboxes and he was personally responsible for the death of 30 of the enemy and the capture of 25 others. He was later killed in action in Itri, Italy, while leading his platoon in an attack.
    1945--McKlNNEY, JOHN R. Medal of Honor
Rank and organization: Sergeant (then Private), U.S. Army, Company A, 123d Infantry, 33d Infantry Division. Place and date: Tayabas Province, Luzon, Philippine Islands, 11 May 1945. Entered service at: Woodcliff, Ga. Birth: Woodcliff, Ga. G.O. No.: 14, 4 February 1946. Citation: He fought with extreme gallantry to defend the outpost which had been established near Dingalan Bay. Just before daybreak approximately 100 Japanese stealthily attacked the perimeter defense, concentrating on a light machinegun position manned by 3 Americans. Having completed a long tour of duty at this gun, Pvt. McKinney was resting a few paces away when an enemy soldier dealt him a glancing blow on the head with a saber. Although dazed by the stroke, he seized his rifle, bludgeoned his attacker, and then shot another assailant who was charging him. Meanwhile, 1 of his comrades at the machinegun had been wounded and his other companion withdrew carrying the injured man to safety. Alone, Pvt. McKinney was confronted by 10 infantrymen who had captured the machinegun with the evident intent of reversing it to fire into the perimeter. Leaping into the emplacement, he shot 7 of them at pointblank range and killed 3 more with his rifle butt. In the melee the machinegun was rendered inoperative, leaving him only his rifle with which to meet the advancing Japanese, who hurled grenades and directed knee mortar shells into the perimeter. He warily changed position, secured more ammunition and reloading repeatedly, cut down waves of the fanatical enemy with devastating fire or clubbed them to death in hand-to-hand combat. When assistance arrived, he had thwarted the assault and was in complete control of the area. Thirty-eight dead Japanese around the machinegun and 2 more at the side of a mortar 45 yards distant was the amazing toll he had exacted single-handedly. By his indomitable spirit, extraordinary fighting ability, and unwavering courage in the face of tremendous odds, Pvt. McKinley saved his company from possible annihilation and set an example of unsurpassed intrepidity.
    1946 - Jack Barry, a familiar face on TV game shows, hosted "Juvenile Jury" on WOR Radio in New York City. The show was such a hit after five weeks on the air that it debuted on the Mutual Broadcasting System coast to coast. Maybe Barry became a bit too familiar in 1959. It was "Twenty One", the e1947 - B.F. Goodrich, from Akron, Ohio, announced the development of the tubeless tire. enormously popular show that Barry hosted, that led to the Quiz Show Scandal that rocked television and the U.S. Congress.
    1946--*TERRY, SEYMOUR W. Medal of Honor
Rank and organization: Captain, U.S. Army, Company B, 382d Infantry, 96th Infantry Division. Place and date: Zebra Hill, Okinawa, Ryukyu Islands, 11 May 1945. Entered service at: Little Rock, Ark. Birth: Little Rock, Ark. G.O. No.: 23, 6 March 1946. Citation: 1st Lt. Terry was leading an attack against heavily defended Zebra Hill when devastating fire from 5 pillboxes halted the advance. He braved the hail of bullets to secure satchel charges and white phosphorus grenades, and then ran 30 yards directly at the enemy with an ignited charge to the first stronghold, demolished it, and moved on to the other pillboxes, bombarding them with his grenades and calmly cutting down their defenders with rifle fire as they attempted to escape. When he had finished this job by sealing the 4 pillboxes with explosives, he had killed 20 Japanese and destroyed 3 machineguns. The advance was again held up by an intense grenade barrage which inflicted several casualties. Locating the source of enemy fire in trenches on the reverse slope of the hill, 1st Lt. Terry, burdened by 6 satchel charges launched an l-man assault. He wrecked the enemy's defenses by throwing explosives into their positions and himself accounted for 10 of the 20 hostile troops killed when his men overran the area. Pressing forward again toward a nearby ridge, his 2 assault platoons were stopped by slashing machinegun and mortar fire. He fearlessly ran across 100 yards of fire-swept terrain to join the support platoon and urge it on in a flanking maneuver. This thrust, too, was halted by stubborn resistance. 1st Lt. Terry began another 1 -man drive, hurling grenades upon the strongly entrenched defenders until they fled in confusion, leaving 5 dead behind them. Inspired by this bold action, the support platoon charged the retreating enemy and annihilated them. Soon afterward, while organizing his company to repulse a possible counterattack, the gallant company commander was mortally wounded by the burst of an enemy mortar shell. By his indomitable fighting spirit, brilliant leadership, and unwavering courage in the face of tremendous odds, 1st Lt. Terry made possible the accomplishment of his unit's mission and set an example of heroism in keeping with the highest traditions of the military service.
    1950-- After fans boo him for misplaying a ball, Ted Williams makes an inappropriate gesture three times (once to left, once to center, and once to right) to the Red Sox fans sitting in the outfield stands. During his next at bat, as the booing continues, the Splendid Splinter becomes the Splendid Spitter as Williams steps out of the box to spit at fans to show his displeasure.
    1953 -A devastating tornado, rated f5 on the Fujita Scale, tore through downtown Waco, Texas. 114 people were killed and 597 were injured. Total damage was $41 million. Another tornado (f4) virtually leveled 15 square blocks of San Angelo, Texas with 13 people killed and 159 injured.
    1953 - No. 1 Billboard Pop Hit: "The Song from Moulin Rouge," Percy Faith Orchestra/Felicia Sanders.
    1954--Birthday of American composer Jane Ellen
http://www.classical-composers.org/comp/ellen
    1955---Top Hits
Cherry Pink and Apple Blossom White - Perez Prado
Unchained Melody - Les Baxter
Honey-Babe - Art Mooney
In the Jailhouse Now - Webb Pierce
    1955--- With the help of an Ernie Banks' grand slam, the Cubs snap the Dodgers' 11-game winning streak, 10-8. The bases-filled homer will be Mr. Cubs' first of five on the year.
    1957 - The Everly Brothers make their debut on "Grand Ole Opry" in Nashville, Tenn.
    1957 - It's safe bet that San Francisco will have a major league team playing next season, The Chronicle learned. The team will probalby be the New York Giants, who will transfer their long standing feud with the Brooklyn Dodgers to California. The president plan calls for the Giants to move into Seals Stadium for the 1958 season and into a 70,000-seat stadium at South Basin near Hunters Point in 1959.
    1959 - Twenty-three-year-old Carol Burnett made her musical comedy debut in Once upon a Mattress at the Phoenix Theatre in New York City. Only eight years later, the talented comedienne would star in her own Emmy-winning TV musical variety program. 
    1959--- Dave "Baby" Cortez' "The Happy Organ" hits #1
    1961-President Kennedy approves sending 400 Special Forces troops and 100 other US military advisers to South Vietnam. On the same day, he orders the start of clandestine warfare against North Vietnam to be conducted by South Vietnamese agents under the direction and training of the CIA and US Special Forces troops. Kennedy's orders also called for South Vietnamese forces to infiltrate Laos to locate and disrupt communist bases and supply lines there.
    1963---Top Hits
I Will Follow Him - Little Peggy March
Puff the Magic Dragon - Peter, Paul & Mary
If You Wanna Be Happy - Jimmy Soul
Lonesome 7-7203 - Hawkshaw Hawkins
    1964 - No. 1 Billboard Pop Hit: "My Guy," Mary Wells. It is the first No. 1 hit for the Motown label.
    1965 - Liza Minnelli opened in "Flora the Red Menace". The musical ran for only 87 performances at the Alvin Theatre.
    1966 - The 1.6 inch snow at Chicago, IL, was their latest measurable snow of record. Previously the record was 3.7 inches on the 1st and 2nd of May set in 1940.
    1968-"The Birds, the Bees and the Monkees," which was certified gold upon its release in April, enters the LP charts at #80. In one week, pushed by the singles "Daydream Believer" and "Valleri," it will jump to #3.
    1969-Beginning of one of the most infamous battles that signified the growing frustration with America’s involvement in the Vietnam War. Attempting to seize Dong Ap Bia Mountain, American troops repeatedly scaled the hill over a 10-day period, often engaging in bloody hand-to-hand combat with the North Vietnamese. After finally securing the objective, American military decision makers chose to abandon it and the North Vietnamese retook it shortly thereafter. The heavy casualties in the struggle to take the hill inspired the name “Hamburger Hill.”
    1970--- Sammy Davis, Jr. marries his third wife, Altovise Gore, a dancer in his current Broadway hit Golden Boy. The Rev. Jesse Jackson presides; the couple would remain married for the rest of Davis' life.
    1970 - The Chairmen of the Board received a gold record for the hit "Give Me Just a Little More Time". The Detroit group recorded three other songs in 1970, with moderate success. 
    1970 -Lubbock, Texas was struck by a tornado rated f5 on the Fujita Scale. 26 people were killed and 500 were injured. The total damage was estimated at $135 million which was considered conservative. 600 apartment units were destroyed along with 430 houses. 250 businesses were damaged or destroyed. 80 percent of the windows in the downtown area were broken.
    1970-The triple album "Woodstock" soundtrack is released on Cotillion Records. The document of the epochal rock festival will go gold within two weeks.
    1970--The soundtrack L.P. to the original Woodstock festival was released. The three record set featured many of the top Rock artists of the time, including Jimi Hendrix, Crosby, Stills, Nash and Young, Joe Cocker and The Who. The album would go Gold within two weeks.
    1971---Top Hits
Joy to the World - Three Dog Night
Never Can Say Goodbye - The Jackson 5
I Am...I Said - Neil Diamond
How Much More Can She Stand - Conway Twitty
    1972 - - The Giants trade Willie Mays to the Mets for right-hander Charlie Williams and $50000 cash. The ‘Say-Hey Kid’, who is clearly past his prime, returns the city where he brilliantly began his Hall of Fame career.
    1973 - Charges against Daniel Ellsberg for his role in the "Pentagon Papers' case was dismissed. 
    1974-Steely Dan's "Rikki, Don't Lose That Number" is released.
    1974--Three Dog Night's "The Show Must Go On" reaches #4 on Billboard's Hot 100 and #1 on the Cashbox best sellers chart. The song turns out to be the band's final Top Twenty hit and their last Gold single.
    1974--- Elvis Presley plays a show at the Los Angeles Forum, attended by members of Led Zeppelin who were also in town for a gig. Upon learning of his famous fans, Elvis turns to his backup band after a somewhat sloppy opening number and jokingly admonishes them: "Wait a minute. Let's see if we can start together, fellas, because we’ve got Led Zeppelin out there. Let's try to look like we know what we’re doing." Afterwards, the band meets Elvis backstage and is more than a little starstruck; Zeppelin manager Peter Grant and Elvis spontaneously swap their expensive watches, and then Robert Plant, just before the meeting breaks up, finally summons up the courage to sing Elvis' 1956 hit "Love Me." Elvis joins in for a few bars.
    1975 -Eighty thousand turn out in New York's Central Park to celebrate the end of the Vietnam War.
    1978---Brigadier General Margaret A. Brewer became the Marine Corps' first general officer who is also a woman. She was assigned Director of Information, Headquarters Marine Corps. Brewer had been director of the Women Marines, the seventh and last women's director, succeeding Colonel Sustad on 1 February 1973. During Brewer's tenure, the women marine corps was disbanded and all women were made a part of the regular marine corps.
    1979---Top Hits
Reunited - Peaches & Herb
Music Box Dancer - Frank Mills
Stumblin’ In - Suzi Quatro & Chris Norman
Backside of Thirty - John Conlee
    1979-Peaches and Herb, the sweet-singing soul duo, receive a platinum record for "Reunited," a Number One hit for four weeks.
    1981 - Heavyweight boxing challenger Gerry Cooney, left former champ Ken Norton on the ropes and unconscious after 54 seconds of the first round at Madison Square Garden in New York City. 
    1981-- The Andrew Lloyd Webber musical "Cats" opened in London. The composer had to mortgage his house to help finance the $1.1 million production. Since then, "Cats" has grossed more than one billion dollars in more than a dozen countries, including Canada. On May 11th, 1989, "Cats" became London's longest-running musical, playing its 3,358th performance. And on January 29th, 1996, it set the world record for longevity with its 6,138th performance. 
    1985 - Scott Brayton turned in the fastest lap ever at the Indianapolis Motor Speedway. Brayton was traveling at 214.199 MPH in the third lap of qualifying. Duane ‘Pancho’ Carter grabbed the pole position for that years Indianapolis 500. Carter entered the history books with a speed of 212.583 MPH for four qualifying laps around the 2.5 mile track at Indy. 
    1987---Top Hits
(I Just) Died in Your Arms - Cutting Crew
Looking for a New Love - Jody Watley
With or Without You - U2
The Moon is Still Over Her Shoulder - Michael Johnson
    1988 - Unseasonably warm weather prevailed in the southwestern U.S. Reno, NV, reported a record high of 89 degrees.
    1988--- On the occasion of his 100th birthday, legendary Tin Pan Alley songwriter Irving Berlin is serenaded by a crowd of fans singing his standards outside his New York apartment. That night, Carnegie Hall presents a program of the composer's hits (see 1888 in today's American History).
    1989-- Roy Orbison was inducted into the Songwriters' Hall of Fame at a ceremony in New York. Eric Clapton presented the award to Orbison's widow, Barbara.
    1990 - Unseasonably cold weather followed in the wake of a spring storm in the north central U.S. Seven cities reported record low temperatures for the date, including Madison WI with a reading of 29 degrees. Thunderstorms produced severe weather in Kansas, Oklahoma and the northern half of Texas. Severe thunderstorms spawned four tornadoes in Texas.
    1990 - Singer Ritchie Valens ("La Bamba," "Donna") receives a posthumous star on Hollywood's Walk of Fame.
    1994- The Justice Department approved Novell's plans to purchase WordPerfect Corporation on this day in 1994. Novell also bought Borland's spreadsheet business, in an attempt to create a suite of office applications to compete with Microsoft Office. Novell's ownership of WordPerfect lasted less than two years.
    1997 - U.S. box office receipts to date for the film Jerry McGuire, starring Tom Cruise and Cuba Gooding, Jr., had climbed to $150,850,000; The English Patient had brought in $76,259,531. Top box office producer on this date, however, was George Lucas's re-released science fiction classic, Return of the Jedi, which had a reported accumulated U.S. box office gross of $308,453,687; trailing behind it was the re-released The Empire Strikes Back, with an accumulated gross of $290,158,751. 
    1997 - IBM's supercomputer Deep Blue made chess history by defeating Gary Kasparov, the first time a reigning world champion had been bested in a match by a machine. 
    1999 - After two years of work, Columbia Records released Latin heartthrob Ricky Martin's fifth album, a self-titled cross-over to English. This album was a calculated decision, and the album's first hit, "Livin' La Vida Loca" shot to the top of the charts. Martin's third and fourth solo efforts went gold. His fourth album "Vuelve" had sold more than 6 million copies worldwide. 
    2003 ---In his last at-bat on the current home stand, 38-year-old first baseman Rafel Palmeiro drives a 3-2 fastball thrown by Indian hurler David Elder to become the second player this season and 19th overall to hit his 500th career home run. The 370-foot shot over the right field wall at The Ballpark in Arlington makes Raffy the first native of Cuba to reach the coveted milestone.
    2004-- After missing yesterday's game to become to become an American citizen, Red Sox left fielder Manny Ramirez, much to the delight of the Fenway faithful, leads his teammates out of the dugout waving an American flag to celebrate his first day as a citizen of the United States. As the 31-year native Dominican Republic comes to bat America by Neil Diamond is played over the PA system.
    2005 - Strong thunderstorms affected parts of the U.S. Great Plains. In the Hastings, Nebraska area, significant severe weather occurred, including very large hail, damaging winds and widespread flooding. Radar estimated rainfall accumulation locally exceeded 10 inches.
    2006-- Hideki Matsui streak of playing in every game since starting his MLB career with the Yankees in 2003 ends at 518 games as the left fielder breaks his left wrist attempting to make a diving catch. The 31-year Japanese star established the big league record for consecutive games to start a career, surpassing Hall of Fame infielder Ernie Banks, who played in 424 contests at the start of his playing days with Cubs from 1953-56.

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