| 
 
 
           
             | 
               
               
                 Broker/Lessor Relationship ManagerCanada
 
 Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada.  Promote the FinPac product and develop new sources of business.  Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA.  Base salary plus commission plan.
 
 Please click here for more information.
 
 www.finpac.comSince 1975 serving the broker/lessor industry
 in the $5,000 to $50,000 marketplace.
 
 
 |  
 
 Monday, May 6, 2013
 
  
   Today's  Equipment Leasing Headlines     Newport  Financial Partners, Newport Beach, CaliforniaBulletin  Board Complaint ---Up-Date
 Archives---May  6, 2002 Ron Caruso
 ---On  the Leasing Industry (Sound Familiar?)
 Classified----Asset  Management
 Sterling  Financial Corporation & Commerce National Bank
 Announce  Agreement for Sterling to Acquire Commerce National Bank
 Leasing  102  by Mr. Terry Winders, CLP
 How  to Sell Yourself
 “Getting  frustrated in my job search”
 Career  Crossroad---By Emily Fitzpatrick/RII
 Placard---Never  Give Up!
 Classified  Ads---Help Wanted
 Scrivener’s*  Error Results in $950,000 Error for Bank
 (*Someone  employed to make written copies of documents)
 By  Tom McCurnin, Leasing News Legal News Editor
 Bank  of the Ozarks is the most active failed-bank bidder
 By  Aarti Kanjani and Robert Clark, SNL Financial
 Chesswood,  Parent of Pawnee Announces 20% Gain
 Not  Too Late—Register on Line AGLF Conference
 ---  Registration Open for Government Financing Forum
 Cartoon---Kit’s  World
 Top  Stories April 29-May 2
 (You  May Have Missed)
 North  Mill Equipment Finance Closes $50 Million
 Loan  Facility with Wells Fargo
 German  Shepherd
 Orange  County, California Adopt-a-Dog
 News Briefs---
 Investors may lobby JPMorgan to clip Dimon's wings if vote fails
 Alaska volcano erupts, may affect air travel
 Senate to vote on proposed Internet sales tax law
 Texas plant that exploded carried only $1M policy
 Buffett Opens Up About Fed, Keeps Successor Secret at Berkshire Meeting
 
 Broker/Funder/Industry  Lists |
        Features  (collection) Top  Ten Stories Chosen by Readers |
        Top  Stories last six months
 www.leasingcomplaints.com (Be Careful of Doing Business)
 
    You  May have Missed---SparkPeople--Live  Healthier and Longer
 Sports  Briefs---
 California  Nuts Brief---
 "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.
 
  
 Please  send Leasing News to a colleague and ask them to subscribe.We  are free!
 
 
 
  [headlines]--------------------------------------------------------------
 
     Newport Financial Partners,  Newport Beach, California
      Bulletin  Board Complaint ---Update
 
  (The  following page was sent in by a Leasing News reader. It is an active screen shot, meaning  you can click on reports to learn more.)  
  
 
 Newport  Financial Partners, Newport Beach, California---Bulletin  Board Complaint 4th Posted
 Apr2013/4_29.htm#newport_financial_complaint
 
 
 
      
        
          | 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 investigationsand  background information provided by John Kenny)
  [headlines]
  -------------------------------------------------------------- Archives---May  6, 2002 Ron CarusoOn  the Leasing Industry (Sound Familiar?)
 (Edited  due to Length)
 The  message for the leasing industry remains (unfortunately) the same:  there are no discernible, convincing signs that an upturn in capital  spending is around the corner. Most economists and other soothsayers  agree the Fed is not likely to raise interest rates until  late summer at the earliest. There is concern that psychologically  any uptick in interest rates could abort an economic resurgence.  Additionally, the gray clouds emanating from serious political  issues, e.g., in the Middle East, oil prices and to cause business to be  hesitant to make long-term investments at this time. At  this juncture, perhaps the best we can hope for is more of the same  for the rest of this year. The leasing industry has gone through  a massive wave of consolidation and cost-cutting. It was anticipated  this would allow the survivors both to be in better financial  shape and also to enjoy fatter spreads. However, the lack  of volume in all three market sectors, small ticket, middle market  and big ticket has (if anything) intensified the competition.  Surprisingly, the credit/collection situation has not deteriorated  significantly. Although this is little consolation as lessors  experience run-offs in their portfolios, for those of us who  can remember the red ink of the early 90’s, there is a recognition  that things could be worse.     What  Will Lead the Resurgence?  This  is a question which lends itself to a great deal of debate, and  what-ifs.     Will  unused broadband capacity suddenly disappear and will the equipment  demands of the now departed dotcoms be replaced? Will  the manufacturing sector take the plunge and seek to bring in new  equipment? Will  demand for transportation, both passenger and cargo, resurge? Will  consumer demand for cars, homes, et.al., continue to pump- prime  the economy? A  “yes” answer to any one of these questions could trigger a domino-like  resurgence in capital spending. For now, however, the prevailing  answer seems to be-not right away. Stay tuned. (The  message: The Leasing industry has been here before. editor). Ron  CarusoR.H.Caruso  & Co.
 Executive  Recruiters for the Service Industry
 http://www.rhcaruso.com/pages/rabout.htm
 www.linkedin.com/pub/ron-caruso/1/b93/102
 
    ((Please click  on ad to learn more))(Leasing  News provides this ad “gratis” as a means
 to  help support the growth of Lease Police)
 
 [headlines]
 --------------------------------------------------------------
 
  Classified  Ads---Asset  Management
 
 (These  ads are “free” to those seeking employment or looking to  improve their position)
 Open to RelocateRichard Brosniak 25+ years progressive experience. I am in search of a career with a growing company. 25+ years’ experience in Credit, Collections Recovery and Remarketing. I will build and train your team, lower your delinquency and increase your recoveries. Please contact via email richardb12364@aol.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
   
 
 [headlines]--------------------------------------------------------------
 ####  Press Release ############################# 
 
  Sterling  Financial Corporation and Commerce National BankAnnounce  Agreement for Sterling to Acquire Commerce National Bank
 
  
  (Brings  more Leasing to the NorthWest as Sterling did not have a leasing  division as Commerce National has with a broker division headed by  Veteran Steve Reid, CLP---editor) 
 Spokane,  Wash.——Sterling Financial Corporation (NASDAQ: STSA) (the "Company") and Commerce National Bank  (OTCBB: CNBF) ("CNB")  announced that the Company and its  principal operating subsidiary, Sterling  Savings Bank ("Sterling"), have  entered into a definitive agreement to acquire CNB for cash  consideration of $15.10 per common share. Including the planned  redemption of outstanding CNB stock options and warrants for cash,  the aggregate transaction value is approximately $42.9 million. The  transaction, which has been approved by the boards of directors of  the Company and CNB, will provide a significant enhancement to  Sterling's current operations in Southern California. The transaction  is subject to approval by CNB shareholders and bank regulatory  agencies, and other customary conditions of closing. It is expected  to be completed during the third quarter of 2013.
 
  David  DePillo, Vice-ChairmanChief  Lending Officer, Sterling
 (Photo:  Sterling Financial)
 "Commerce  National Bank is a solid, business-focused bank that we expect will  provide substantial synergies with our current operations in the  Orange County market," said David DePillo, vice chairman and  chief lending officer of Sterling. "In addition to a high  quality, relationship-based loan portfolio, CNB also brings us a  scalable equipment leasing business that fills a void in our current  commercial product set."
  Mark  Simmons, Pres., CEO, CNB
 (Photo:  CNB)
 Mark  Simmons, president and chief executive officer of CNB said, "We  are excited to be entering into this transaction with Sterling. This  is an excellent outcome for our shareholders, and we believe our  customers, employees, and community will benefit from the wide array  of products and services offered by the combined company. We are  partnering with a company that shares our values and outlook on the  opportunities in this environment, and we look forward to continuing  to serve our clients the best way we can." As  of March 31, 2013, CNB had assets of approximately $242.7 million,  loans of $146.3 million, deposits of $211.4 million, and  shareholders' equity of $30.1 million. The Company expects the  transaction will be accretive to earnings per share during the first  year following completion with a tangible book value dilution  earn-back period of approximately three years.         Bingham  McCutchen LLP served as the legal advisor to the Company and Richard  E. Knecht PC served in the same capacity for CNB. Keefe Bruyette &  Woods, Inc., a Stifel Company, served as the financial advisor to  CNB.        
 #####  Press Release #############################  
    [headlines]--------------------------------------------------------------
 Leasing  102By  Mr. Terry Winders, CLP
 
 How  to Sell Yourself
 Many  lease sales personnel fail before they start for a variety of  reasons. It makes no difference if you are calling on vendors or  end-users. The way you approach the sales call is almost as important  as your plan on who to call on. To  begin with you need to learn how to listen. Those who begin by  claiming they have a plan that will meet the customer’s needs  before discovering what needs really exist is bound to put the  customer on the defensive. The first thing to do is to determine what  the customer thinks about leasing and based on this information begin  a meaningful conversation about the customers’ needs. One of  the most important facts that a lease salesperson needs to have is a  “complete” understanding of all types of leases regardless of  having all of them to offer. You also need to sell the benefits of  what you do have and not run down what you do not offer. A  professional salesperson presents how the customer’s needs are met  by what he has to offer and does not misrepresent what he does not  have. Those  who carry a rate card and only sell rate are usually not going to be  successful. The more the salesperson knows about the current and  future effect of accounting rules for lessees plus the correct  federal income tax requirements can guide the customer in the proper  direction. The worst thing a lease salesperson can do is present  assumptions on rules that are not correct. Proper lease training  should be made available to all sales personnel and they should  strive to learn it all. Proper  dress and a clean and neat presentation should go unsaid however some  people seem to think sloppy dress and a poor vocabulary are  acceptable in today’s world. The best that can be said about timing  is that 10 minutes early is on time. If you are late you show  disrespect for the customer’s time. Always call to see if being  late is acceptable or to reschedule. In addition you should dress for  the call. Suits are not always proper and sometimes they are a must.  Sloppy with lots of tattoo’s showing is rarely acceptable.         It is  always acceptable to carry a crib sheet that lists all the questions  you want to ask and there is nothing wrong with referring to it from  time to time to make sure you have covered everything. Also it is  acceptable to take notes on your conversation so you do not miss  important facts. The longer your conversation the better chance you  have to obtain complete information about any possible opportunities. A  salesperson should not drill the customer with questions but ask  leading questions that cause the customer to talk about their company  and reveal facts that may not have been discovered otherwise. Do not  be too eager to rush out as soon as an opportunity is discovered.  Once you know what is required make sure you learn everything you  can.         Even  if there is no opportunity ask the customer for leads, because it  will tell you if you failed to make an impression, or if they truly  have no interest. If you made an impression--- there may be business  in the future. If they say something derogatory you may need to  change your approach. Mr.  Terry Winders, CLP, has been a teacher, consultant, expert witness  for the leasing industry for thirty years and can be reached at WindersConsulting@yahoo.com or 502-649-0448.  He  invites your questions and queries. Previous  #102 Columnshttp://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm
   
          
            
              | Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, 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. Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame. 502.649.0448/WindersConsulting@yahoo.com |  (This  ad is a “trade” for the writing of this column. Opinionscontained  in the column are those of Mr. Terry Winders, CLP)
 
 [headlines]--------------------------------------------------------------
 “Getting  frustrated in my job search”Career  Crossroad---By Emily Fitzpatrick/RII
 
  
 Question: I am  getting frustrated in my job search – do you have any advice? Answer: Career  moves and unemployment are an integral part of our working lives, but  how long this phase lasts is up to you. The  employment market varies from year to year. Sometimes it is a buyer’s  market and sometimes a seller’s market. Regardless of the state of  the economy, there ARE good jobs out there for the hunters who employ  a comprehensive approach.  Some  active seekers apply to only the well-known companies – they forget  that the majority of growth in America is with small companies with  fewer than 50 employees. Your goal should be to land the best  possible job that aligns with your career goals. This will not happen  if you do not cast a large net to capture all the potential  opportunities – better yet, work with a recruiter to do the legwork  for you.  There  are many different approaches that combine active and passive  job-hunting strategies that can help cover all bases and tap into the  best opportunities: The  key is to create and maintain momentum - do not give up!
 Emily  FitzpatrickSr.  Recruiter
 Recruiters  International, Inc.
 Phone:   954-885-9241
 Cell:   954-612-0567
 emily@riirecruit.com
 Invite  me to Connect on LinkedIn
 www.linkedin.com/pub/emily-fitzpatrick/4/671/76
 Also  follow us on Twitter #RIIINFO
 
 Career  Crossroads Previous Columnshttp://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html
   [headlines]--------------------------------------------------------------
   
 [headlines]--------------------------------------------------------------
 
    Leasing Industry Help Wanted
 
		           
		            	|  
						
 
		                  Broker/Lessor Relationship ManagerCanada
 
 Responsible for the development and maintenance of all broker/lessor relationships for Financial Pacific Leasing located in Canada.  Promote the FinPac product and develop new sources of business.  Work remotely from your location in Canada with periodic travel within Canada and Seattle, WA.  Base salary plus commission plan.
 
 Please click here for more information.
 
 www.finpac.comSince 1975 serving the broker/lessor industry
 in the $5,000 to $50,000 marketplace.
 
 
 |  
   Please see our Job Wanted section for possible new employees. 
 [headlines]--------------------------------------------------------------
 
  Scrivener’s*  Error Results in $950,000 Error for Bank(*Someone  employed to make written copies of documents)
 
 By  Tom McCurninLeasing News Legal  News Editor
 Mis-described  Date in Security Agreement Cured by Oral Evidence, But  Absent Dragnet Clause, Second Advance of $950,000
 Is  Not Covered by Security Agreement, Leaving Bank Unsecured
 
 Duckworth v  Covey, 2012 WL 9896766  (Bankr. C.D. Ill. 2012) Banks have a love affair with a  document software program called “Laser Pro.”  But after reading  this case, I think it should be called “Laser Amateur,” because  sloppy drafting cost the Bank $950,000.  The good news for the Bank  was that a prior loan for $1.1 million dollars was saved by the Court  agreeing to use “the composite document rule” to interpret the  document, e.g., fix the mistakes.  The facts follow: David Duckworth was a farmer in  Peoria, Illinois and borrowed $1.1 million dollars from State Bank of  Toulon, which was secured by a broad form security agreement,  covering crops among other things, which recited the date of the loan  as December 13, 2008, as did the UCC-1 Financing Statement.  However,  the promissory note was executed on December 15, 2008. Duckworth and the Bank entered  into another secured loan, based on the same security agreement for  another $950,000 in 2010, which recited the “indebtedness” as  described in the 2008 security agreement. Neither the 2008 security  agreement, nor the 2010 loan agreement contained an “additional  advance“ clause, nor did the document contain what us UCC guys call  a “dragnet clause” where a default under one agreement gloms onto  the collateral of another agreement.  As soon as the Court explained  this in the preamble, I knew this was not going to end well for the  Bank. In 2010, Duckworth also granted  MICHLIG, LLC a security agreement covering crops and crop insurance  proceeds. When Duckworth filed bankruptcy  in 2011, the trustee sought to invalidate the Bank’s security  interest for both loans.  First, the trustee argued that because the  date of the note was mis-described, the “four corners rule”  applies to the security agreement, making oral or extraneous evidence  inadmissible to explain the date.  Thus, the trustee argued the Bank  was unsecured.  As for the second note, the  trustee argued that since the term “indebtedness” referred the  reader back to the December 13, 2008 promissory note, the second  advance in 2010 could not be secured by the collateral. The Bank argued that the  “composite document rule could be used, a rule of document  construction whereby the security agreement, if negotiated and signed  at the same time with other documents, can be interpreted using the  other documents as a reference point.  Thus, according to the Bank,  the failure to accurately describe the 2008 promissory note and the  outright omission of the 2010 can all be explained by a careful and  deliberate reading of the documents. The Court noted that the security  agreement is verbose and simple terms are given complex definitions  spanning multiple paragraphs and pages.  The Court called the  document, “endless overkill that would make even the most  persnickety lawyer blush.”  In spite of this incredible verbosity,  the loan documents do not contain a dragnet clause nor a future  advance clause which would tether the collateral on the first loan to  a default under the second loan.  First the Bankruptcy Court ruled  that once an enforceable security agreement is presented to the court  (value given, debtor has rights in the collateral, and the debtor  signs the security agreement), the issue of interpretation is  considered.  The Court held that the mis-description of the note’s  date in the security agreement does not render an otherwise  enforceable agreement invalid.  The Court further held that extrinsic  evidence (consisting of oral testimony or other documents) may be  used to explain the intent of the parties as to the date of the first  loan.  The Court noted that there was no evidence that MICHLIG was  confused or prejudiced by the mis-description.  Accordingly, the  Court ruled that the Bank was secured on its first advance of $1.1  million dollars.  However, the Bank’s good fortune did not last  long.  Second, the Court had a different  opinion as to reading into an absent date from the second advance.   No date was referenced, except back to the original definition of the  indebtedness, which was December 13, 2008.  The Bank apparently  argued that the “indebtedness” can actually mean two dates, a  position which the Court found flawed, given the breadth of the  documents.  Accordingly, the second advance by the Bank was unsecured  and the Bank was out $950,000 plus interest. Finally, there was an issue as to  the crop insurance proceeds and whether the Bank had an interest in  the crop insurance proceeds, to which the Court concluded that the  Bank’s collateral did not describe insurance proceeds (MICHLIG’s  security agreement did) and further held that under Federal Crop  Insurance Act, the collateral description had to be very specific.   Again, the three page 9 paragraph collateral description did not  mention insurance proceeds.
 The bottom line?  The Bank  advance almost $2 million dollars of secured debt and even though the  loan document were seriously flawed, the Court threw the Bank a bone  as to the first loan, so its blanket attached to everything (except  the crop insurance proceeds) but only to the extent of the amount of  its first loan, $1.1 million dollars.  Otherwise, the Bank was  unsecured. The lessons here are obvious. First, having  worked in a Bank, I know the Laser Pro program and it is very  automated, but it substitutes boilerplate for clear thought.  If the  creditor is using Laser Pro software, it is imperative that someone  with detail skills needs to go over the document and fly speck it,  especially when involving $1 million dollars. Second,  additional advance and dragnet clauses should be standard fare in any  security agreement and was shocked that this multiple page security  agreement did not have these basics. Third,  annual document reviews were norm for our banking group, and we had  someone, unconnected with the credit, put a set of eye balls onto the  loan documentation every year the credit got renewed.  If necessary,  the borrower would be asked to sign corrective documentation. Finally,  when an additional advance is made, and the loan is tied to other  documents, a bank lawyer ought to review the entire loan document  suite.  I found the idea that the Bank would double-down on its  million dollar loan with such patently poor documents to be shocking.  Duckworth  Case:http://www.leasingnews.org/PDF/DuckworthCase_52013.pdf
 Tom  McCurnin is a partner at Barton, Klugman & Oetting in  Los Angeles, California. 
 Tom  McCurninBarton,  Klugman & Oetting
 350  South Grand Ave.
 Suite  2200
 Los  Angeles, CA 90071
 Direct  Phone: (213) 617-6129
 Cell  (213) 268-8291
 Email:  tmccurnin@bkolaw.com
 Visit  our web site at www.bkolaw.com
 Previous  Tom McCurnin  Articles:http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html
    
 Bookmark  us
   
 [headlines]--------------------------------------------------------------
  Bank  of the Ozarks is the most active failed-bank bidderBy  Aarti Kanjani and Robert Clark, SNL Financial
  
 The  most active failed-bank bidder award goes to Bank  of the Ozarks, a unit of  Little Rock, Ark.-based Bank of the Ozarks Inc. The bank submitted 61  disclosed bids to the FDIC between Jan. 1, 2009, and April 26,  including bids on 19 of the 51 failed-bank deals in 2012. Only seven  of the bank's 61 bids were winning bids, while another seven  represented runner-up bids. Also of note, Bank of the Ozarks was not  disclosed in any bid summary form as submitting multiple bids for a  transaction. 
 Conway,  Ark.-based Home BancShares Inc. unit Centennial  Bank wins the silver  medal for most active failed-bank bidder with 35 bids on distinct  failures and 38 total bids. Centennial Bank has completed seven  failed-bank deals and was the runner-up bidder in another six  transactions. The  most active runner-up bidder was IBERIABANK,  a unit of Lafayette, La.-based IBERIABANK Corp., with 10 runner-up  bids. The company has put in a bid for 20 separate failed banks and  submitted a total of 26 bids on its way to acquiring four failed  institutions since 2009. 
 Great  Southern Bank, a unit of  Springfield, Mo.-based Great Southern Bancorp Inc., submitted 18 bids  on distinct failures and 21 total bids. Despite the high number of  bids, like IBERIABANK, it completed only four FDIC-assisted  transactions during the cycle. Another  active bidder during the period was Chicago-based MB Financial Inc.  unit MB Financial Bank NA.  A high percentage of the bank's bids proved to be competitive on  pricing, with six first-place bids and six second-place bids. It  submitted 14 bids on distinct failures and 23 total bids. The  buyers of the most failed banks since the beginning of 2009 were  Minneapolis-based U.S. Bancorp unit U.S.  Bank NA, and  Atlanta-based State Bank Financial Corp. unit State  Bank and Trust Co., with  12 each. They were followed by Ameris  Bank, a unit of Moultrie,  Ga.-based Ameris Bancorp, which acquired 10 failed banks. Through  12 different banking subsidiaries, Wintrust  Financial Corp. has  acquired nine failed banks, while submitting 25 total bids, 20 bids  on distinct failures and four runner-up bids. 
 
 
 
 
 
 [headlines]--------------------------------------------------------------
 Chesswood,  Parent of Pawnee Announces 20% Gain
  
 TORONTO,  ONTARIO - Chesswood Group Limited “Chesswood") (TSX:CHW),  experienced income before taxes and unrealized gains up by more than  20% for the first quarter of 2013, ended March 31st. The  Company's income before taxes and unrealized gains was $4.7 million  for the quarter, compared to $3.8 million in the first quarter of  2012.  
 Barry  Shafran, President/CEO said he was “thrilled to get off to a  strong start in 2012.”
 
 "Each  of our operating businesses posted results ahead of the same quarter  last year, with Pawnee Leasing and Case Funding each attaining  meaningful milestones. Pawnee had an excellent quarter of  originations that resulted in another record quarter for new  business, while Case Funding recorded its best results to date and  posted another profitable quarter," added Shafran. The  separate websites of Chesswood's operating businesses are at  www.PawneeLeasing.com, www.CaseFunding.com, www.AcuraSherway.com and www.cars4U.com. Friday  Toronto Stock Exchange: 
   
 
   [headlines]--------------------------------------------------------------
  Not  Too Late--Register on-line AGLF Conference Registration Open for Government Financing Forum 
   
 May 8--May 10 Public Sector Finance ForumDoubleTree Chicago, Illinois Magnificent Mile
 
 Darrel W. Peters, CLP, Equipment Finance Specialist, Arvest Equipment Finance will be covering the conference for Leasing News.
 The Association for Government Leasing and Finance along with the Equipment Leasing and Finance Association Public Sector Finance Forum is open to both members and non-members. First time attendees also receive 10% off. Conference Registration$850.00
 ELFA Member Registration$700.00
 
 Basic Session Only - WednesdayDiscounts Do Not Apply
 $95.00
 Governmental Registration * Available to employees of state and local governments only$450.00
 WHO SHOULD ATTEND? From experienced equipment leasing & finance professionals seeking to keep up with the latest product, administrative and legislative trends in the tax exempt and federal finance market, to those seeking insight into the Public Finance Sector as a new business opportunity. Business executives, attorneys, bankers, brokers, CPA’s, financial advisors, investment bankers, document specialists, syndicators, credit and sales personnel will all benefit from attending. The Association for Governmental Leasing & Finance (AGLF) is a full service organization active in all phases of the municipal leasing industry. The membership encompasses all facets of municipal leasing and includes third party lessors, placement agents, investment bankers, government officials, vendors, manufacturers, captives, and commercial bankers. To register for the conference http://members.aglf.org/source/events/event.cfm?event=SPR2013 To reserve your hotel room –http://doubletree.hilton.com/en/dt/groups/personalized/C/CHIMMDT-AGL-20130507/index.jhtml?WT.mc_id=POG The Association holds two annual conferences each year, the first in May and the other in November. AGLF conferences are structured as an educational forum designed to aid attendees in increasing their market share in the tax-exempt leasing industry. Because the planners and leaders who run the conferences are active in the industry, AGLF conferences provide informative and useful sessions, based on real-world situations. Click on Events/Meetings to see our calendar of programs. Available only to members, our quarterly Tax Exempt Leasing Letter (TELL) contains timely, informative, up-to-the-minute news about the association and the leasing industry. A subscription to TELL and discounts on publications are two additional benefits of membership. All members receive a copy of the Fifty State Survey, a compilation of federal tax law, federal securities law, and of legislation and case law specifically affecting governmental leasing in the Fifty States.     [headlines]--------------------------------------------------------------
    
   [headlines]--------------------------------------------------------------
 Top Stories April 29-May 2(You  May Have Missed)
 
  
  Here  are the top stories opened by readers:
 (1) Balboa Capital, Irvine, CaliforniaBulletin  Board Complaint #11 Posted
 By  Christopher Menkin, editor
 http://leasingnews.org/archives/Apr2013/4_29x.htm#balboa_capital
 (2) Newport Financial Partners, Newport Beach,  California---Bulletin Board  Complaint 4th Posted
 By Christopher Menkin,  editor
 http://leasingnews.org/archives/Apr2013/4_29.htm#newport_financial
 (3) “A look outside Pawnee at 7am this  morning!”from Gary  Souverein
 http://leasingnews.org/archives/Apr2013/4_29.htm#pawnee
 (4) Leasing 102 by Mr. Terry Winders, CLPHow Much Do  You Know?
 http://leasingnews.org/archives/Apr2013/4_29x.htm#know
 (5) Sterling Financial Purchases Commerce NationalBy  Kit Menkin
 http://leasingnews.org/archives/Apr2013/4_29.htm#sterling
 (6) Banks Scramble to Shed Servicing Duties as aResult Basel III  Accords--- Will Affect Leasing?
 By Tom  McCurnin, Leasing News Legal News Editor
 http://leasingnews.org/archives/Apr2013/4_29.htm#banks
 (7) Balboa Doubles Size Commercial Financing Teamhttp://leasingnews.org/archives/Apr2013/4_29.htm#balboa
 (8) Caterpillar’s Junior Lien Prevails Over  Senior Lien Doesn’t Obtain  Security Agreement
 By Tom  McCurnin
 http://leasingnews.org/archives/Apr2013/4_29x.htm#caterpillar
 (9) Pilot Flying J legal drama unfurlshttp://www.tennessean.com/article/20130428/NEWS21/304280071/Pilot-Flying-J-legal-drama-unfurls
 (10) Vehicle Leasing Conference Finds Daylight By Edward P. Kaye,  Advantage Funding
 http://leasingnews.org/archives/Apr2013/4_29x.htm#vehicle
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 ###  Press Release ###############################   North  Mill Equipment Finance Closes $50 MillionLoan  Facility with Wells Fargo
 North  Mill Equipment Finance LLC (“North Mill EF”)  has entered into a  $50 million senior loan facility with Wells Fargo Capital Finance,  part of Wells Fargo & Company (NYSE: WFC). The new loan facility  will enable North Mill EF to expand its business of originating  small-ticket equipment leases and loans throughout the United States  through vendors, dealers and brokers. Based in Norwalk, CT, North  Mill EF is a specialty finance company with extensive experience  leasing equipment in the small-ticket sector as well as purchasing  and servicing equipment lease portfolios from banks and other  specialty finance companies. Gary  Silverhardt, President and CEO of North Mill EF, views this facility  as an opportunity to originate and fund a significant number of  leases in the company’s target markets of transportation,  construction and materials handling, thereby enhancing the company’s  growth.
 
 Mr.  Silverhardt stated, “We are very happy that the Wells Fargo team  expressed its confidence in North Mill’s industry-leading servicing  and collection operating platform by providing this loan facility. It  will enable us to expand our equipment leasing activities and to  continue to provide customers with the superior service for which we  are known. Stewart  Hayes, Senior Vice President of Wells Fargo Capital Finance said, “We  are pleased to have completed such important financing for North Mill  Equipment Financing. The new loan facility for North Mill will  support the senior capital they need to fund loans and leases to  their customer base. We are proud to have been able to work with a  leading independent specialty finance company like North Mill and  look forward to supporting their plans for successful business  growth.” About  North Mill Equipment FinanceNorth  Mill EF has over 55 years of experience originating equipment leases  and loans, as well as purchasing and servicing equipment lease and  loan portfolios from banks and other specialty finance companies. As  a third-party servicer, the company has the capacity to handle  thousands of accounts for multiple parties. Since 2002, Equilease has  purchased over 30 lease and loan portfolios representing over $1  billion of asset value. For more information, visit www.northmillef.com.
 North  Mill EF is a subsidiary of Colford Capital Holdings LLC, a New York  City based holding company that is building a diversified and  industry-leading specialty finance and asset management business  through acquisitions, strategic partnerships and new business  development. In addition to North Mill Equipment Finance, Colford  owns North Mill Capital, a national asset based lending and  receivables factoring company based in Princeton, NJ. Colford is  majority owned by Monitor Clipper Partners, a private equity firm  that targets growth-oriented businesses with strong management teams  and currently manages over $2 billion in capital. For more  information, visit www.colfordcapital.com. About  Wells Fargo Capital FinanceWells  Fargo Capital Finance is the trade name for certain asset-based  lending, accounts receivable and purchase order finance services of  Wells Fargo & Company and its subsidiaries, and provides  traditional asset-based lending, specialized senior secured  financing, accounts receivable financing and purchase order financing  to companies across the United States and Canada. Dedicated teams  within Wells Fargo Capital Finance provide financing solutions for  companies in specific industries such as retail, software publishing  and high-technology, commercial finance, staffing, government  contracting, timeshare development and others. For more information,  visit www.wellsfargocapitalfinance.com.
 ####Press  Release##########################
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   German  ShepherdOrange  County, California Adopt-a-Dog
    
 
  Ella “When  Ella's situation was discovered, kind animal lovers tried to reason  with the owner and were told that he would 'sell' her but not send  her to a rescue group---she was his income machine. Thanks  to the support and partnership of Pryor's Planet rescue, we were able  to rescue Ella and get her to safety... “Ella  arrived in poor condition, clearly having been kept outdoors all of  her life. She has a gentle disposition but is uncertain in new  situations. She has learned to trust new people and is friendly to  those she meets.   “UPDATE:  4/29/2013 Ella  is now in a foster home and her sweet personality is coming out. She  lives with a small dog in her home and does very well with him. We  also introduced her to some cats and she was unfazed. She is also  very friendly to all people that she has met. “Ella  is housebroken and very polite in her new home.   “If  you would like to meet Ella, please complete the online application  and a counselor will contact you.”   Application:http://www.gsroc.org/application.asp
 Phone:  714-97-GSROC (714.974.7762)
 Fax:  714-455-7201
 http://www.gsroc.org/
   Adopt-a-Pet  by Leasing Co. State/Cityhttp://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm
 
 Adopt  a Pethttp://www.adoptapet.com/
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    News Briefs----
   Investors may lobby JPMorgan to clip Dimon's wings if vote failshttp://finance.yahoo.com/news/investors-may-lobby-jpmorgan-clip-201842759.html
 Alaska volcano erupts, may affect air travelhttp://www.marketwatch.com/story/alaska-volcano-erupts-may-affect-air-travel-2013-05-05
 Senate to vote on proposed Internet sales tax lawhttp://money.cnn.com/2013/05/05/news/internet-sales-tax/index.html?iid=HP_LN
 Texas plant that exploded carried only $1M policyhttp://www.usatoday.com/story/money/business/2013/05/05/texas-plant-that-blew-up-carried-only-1m-dollar-policy/2136351/
 Buffett Opens Up About Fed, Keeps Successor Secret at Berkshire Meetinghttp://finance.yahoo.com/blogs/breakout/buffett-opens-fed-keeps-successor-secret-berkshire-meeting-012125423.html
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  ---You May Have Missed
 
 11 Advanced Excel Tricks That Will Help You Get An Instant Raise At Workhttp://www.businessinsider.com/excel-tricks-vlookup-index-match-pivot-tables-array-2013-5?op=1
 
 
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 SparkPeople--Live  Healthier and Longer  
 SparkPeople--Live  Healthier and Longer
 The  Sleep Quizhttp://www.sparkpeople.com/resource/quizzes_start.asp?quizid=43
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 Baseball Poem   
          
            
              | Baseball Poems #  1 by  Brendan Awerbach Baseball is a game,  It has a Hall of Fame. In Cooperstown, it's there, Getting in is so rare. Baseball! Doubleday is the father of the game we know,Or is it really so.
 Playing in the late 1800's,
 In front of crowds that were smaller then a hundred.
 Baseball started in a very small way,
 People needed to know how to play.
 By the 1920's after the Black Sox scandal,Baseball was changing and people started to get the handle.
 The Yankees of the 30's and 40's started to create quite a sensation, as baseball fever gripped the eastern part of the nation.
  Ruth, Gehrig, Cobb, Johnson and Young all became the names of the day,They would be the first to be in the Hall of Fame in a great way.
  Baseball from the late 30's to the mid 40's took a back seat to the war,but in the late 40's and 50's came back with roar.
 A new generation of players were around,Led by Feller, DiMaggio, Williams and Snyder, the stars seemed to abound.
 The 60's and 70's gave us more greats,Koufax, Yastremski, Mays, Aaron, Mantle and Maris,
 Baseball was known and played from the US to Paris.
 As we entered the 80' and 90's, more stars came around, Griffey, Ripken, Mcquire, Jackson, Ryan and Smoltz , all are the players that will astound.
 The Hall of Fame is where all the greats are enshrined,To hear their stories and tales can take a lotta time.
 To understand baseball is not very tough,
 And if you love the game, you can never get enough.
   |  
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  Sports  Briefs----
 
 LeBron one vote short of unanimous votehttp://espn.go.com/nba/playoffs/2013/story/_/id/9244504/lebron-james-miami-heat-1-vote-shy-unanimous-mvp-honor
 Derby preliminary TV rating up big from last yearhttp://sports.yahoo.com/news/derby-preliminary-tv-rating-big-151623643--rah.html
 Chris Evert "extremely disappointed" in Connorshttp://www.usatoday.com/story/sports/tennis/2013/05/05/chris-evert-jimmy-connors-book-outsider-hints-at-abortion/2136585/
   ((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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  California  Nuts Briefs---
 
 5 killed in limo fire on way to bridal shower
 http://www.sfgate.com/bayarea/article/5-killed-in-limo-fire-on-way-to-bridal-shower-4489847.php
 
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  “Gimme  that Wine”
 http://www.youtube.com/watch?v=EJnQoi8DSE8
 
 $1  million will go to naturalize immigrants in Napa Countyhttp://www.latimes.com/local/lanow/la-me-ln-napa-valley-immigrants-20130423,0,764698.story
 Why is  Ridge adding ingredients to its back labels?http://www.ridgewine.com/About/ingredient%20labeling
 The  Weird and Wild Wine-Drinking Games of Historyhttp://www.winespectator.com/webfeature/show/id/48337
 TOP 10  ST GEORGE’S DAY DRINKShttp://www.thedrinksbusiness.com/2013/04/top-10-english-drinks-for-st-georges-day/
 
 
 
 Free  Mobile Wine Programhttp://leasingnews.org/archives/Feb2010/2_26.htm#mobile
  Wine  Prices by vintagehttp://www.winezap.com
 http://www.wine-searcher.com/
  US/International  Wine Eventshttp://www.localwineevents.com/
  Winery  Atlashttp://www.carterhouse.com/atlas/\
  Leasing  News Wine & Spirits Pagehttp://two.leasingnews.org/Recommendations/wnensprts.htm
 
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 This Day in History 
             1740-birthday of John Penn, signer of the Declaration of Independence, born at Caroline County, VA. died September 1`4,1788.http://www.rebelswithavision.com/JohnPenn.com/
 http://www.colonialhall.com/penn/penn.asp
 1775-the first Mason who was African-American was Prince Hall, initiated on March 6, 1775, in an army lodge that was stationed at Castle William under General Thomas Gage in or near Boston, MA.   It operated under the Irish constitutions.  When the British evacuated Boston, Hall and his fellow members were given a permit to form African Lodge No. 1, which they did on July 3, 1776.  On June 30, 1784, after the Revolution, Hall and others applied to the Grand Lodge of England for a warrant, which was issued on September 29,1784, to African Lodge No. 459, with Prince Hall as Master. The first meeting under the charter was held on May 5, 1787, in Boston, MA. the lodge was not recognized by American masonry. The first African-American lodge to be recognized was the Alpha Lodge of New Jersey, No. 116 Free and Accepted Masons, the warrant for which was granted at the Annual Communications of the Grand Lodge in Trenton, NJ, on January 19,1871.  The Mason at one time was the largest "fraternal" organization in the United States and quite influential in all communities.
 http://www.princehall.org/
 http://www.bessel.org/masrec/pha.htm
 1812-birthday of Martin R. Delaney, ethnologist, Black newspaper publisher, the first African-American to receive a regular army officer commission (Major) and African-American nationalist.
 http://www.spartacus.schoolnet.co.uk/USASdelaney.htm
 http://afgen.com/delaney.html
 1829- Phoebe Ann Coffin, (aka Phebe Hanaford), first woman ordained in New England as a minister. PAC was an successful author in addition to being a Universalist minister.
 http://www.cyberhymnal.org/bio/h/a/n/hanaford_pac.htm
 1851-Dr. John Gorne of Apalachicola, FL, was granted a patent for a mechanical freezer, " an improvement in the process for the artificial production of ice."  At a dinner on July 14, 1850, at the Mansion House, Apalachicola, Gorrie produced blocks of ice the size of bricks. He installed his system in the U.W. Marine Hospital in Apalachicola.
 1856-Birthday of Robert E. Peary, who was thought to be the first to discover the North Pole.  As reported in This Day in American History on May 3, the first airplane flight to the North Pole discovered he did not discover the "true" North Pole as originally claimed.
 http://memory.loc.gov/ammem/today/may06.html
 "...was piloted by Lieutenant Colonel William Pershing Benedict of San Rafael, CA, and copilot Lieutenant Colonel Joseph Otis Fletcher of Shawnee, OK. In 1997, historian Robert M. Bryce published the results of research indicating that no previous explorer succeeded in reaching the Pole, despite two long standing claims, and that Fletcher was the first human known to set foot on it.  In addition, Dr. Albert Paddock Crary, who was in this party, on February 12,1961, reached the South Pole by tracked vehicle as part of a scientific expedition.   He became then the only explorer to set foot"
 1856 - U.S. Army troops from Fort Tejon and Fort Miller prepared to ride out to protect Keyesville, California, from Yokut Indian attack.
 1864 - General Sherman began to advance on Atlanta.
 1877 -- Chief Crazy Horse surrenders to US troops, who later murder him (on Sept 5th he is bayoneted in the back on orders; Dakota Sioux Chief Sitting Bull leads 5,000 of his followers into Canada to ask protection from the Queen & petition land for a reserve after defeating Gen. Custer & US 7th Cavalry at the Little Big Horn. The Canadian government refuses.
 1882-Congress restricted the immigration of Chinese laborers, actually suspending Chinese immigration for a 10-year period and forbidding naturalization. The act was repealed on December 17,1943
 1882 -- Congress passes the first Chinese Exclusion Act over the veto of President Garfield, making it unlawful for Chinese laborers to enter the US for the next 10 years & denying naturalized citizenship to the Chinese already here. Chinese immigration is essentially shut off for the next 60+ years, as the act is extened in both 1902 & 1904.
 1884 -- Brokerage firm of Grant & Ward, in which former President Ulysses S. Grant was a silent partner, failed under the weight of $16,725,466 worth of debts. It soon became known that Ward was a swindler who had used Grant's "good" name to perpetuate one fraud after another.
 1895-birthday of Rodolpho Alfonzo Rafaello Pietro Filberto Gugliemi Di Valentina D'Antonguolla, whose professional name was Rudolph Valentino, was born at Castellaneta, Italy. Popular cinema actor.  For years press reports claimed that "at least one weeping veiled woman in black bought flowers to his tomb" in Hollywood Memorial Park, every year on the anniversary of his death at New York, NY. August 23, 1926
 1899-birthday of trombonist Charlie Irvis, New York City.
 http://www.centrohd.com/biogra/i1/charlie_irvis_b.htm
 1904-Country music pioneer Cliff Carlisle was born in Taylorsville, Kentucky. An associate of Jimmie Rodgers, he began his recording career in February 1930 with Rodgers's "T For Texas." During the next 18 months, Cliff Carlisle recorded more than a dozen of Rodgers' songs, and many other tunes sung in Rodgers' style. Cliff later formed a duo with his brother Bill, and they were popular throughout the '30s and '40s. Cliff Carlisle retired from music in 1947.
 http://www.mustrad.org.uk/reviews/carlisle.htm
 http://www.arhoolie.com/titles/7039.shtml
 1915-George Herman " Babe" Ruth of the Boston Red Sox hit his first major league home run in a game against the New York Yankees in New York. http://www.baberuth.com/
 1915-birthday of Orson Welles, actor and director born at Kenosha, WI. Citizen Kane, which he directed and in which he played the title role, is one of the most influential films ever made.  Other files in which he had a role include The Third Man and the Magnificent Amersons.   A radio show he
 did in the 1930's brought listeners to believe the Earth was invaded form Mars.  Died at Los Angeles, CA, October 10, 1985. http://www.bway.net/~nipper/
 1918- Canadian composer and teacher Godfrey Ridout was born in Toronto. During his association with the University of Toronto's Faculty of Music from   1948 until his retirement in 1982, he guided some of Canada's most famous musicians. As a composer, Ridout will be best remembered for his orchestral pieces, including "Music For a Young Prince," commissioned for the opening of the St. Lawrence Seaway in 1959 and composed with Prince Charles in mind. Ridout died in 1984.
 http://www.musiccentre.ca/CMC/dac_rca/eng/p_/Ridout_Godfrey.html
 1928-The longest footrace in history began at City Hall in New York City. It concluded on July 24 in San Francisco, 3, 415 miles later. 60-year-old Abraham Lincoln Monteverde, a veteran of more than 100 marathons, not only won the race, but he was also the only competitor to finish.
 1931-brithday of Willie Howard Mays, Hall of Fame outfielder, born at Westfield, AL.
 http://www.baseballhalloffame.org/hofers_and_honorees/
 hofer_bios/mays_willie.htm
 http://sportsillustrated.cnn.com/baseball/mlb/all_time_stats/players/
 m/42662/index.html
 1936-birthday of singer Sylvia Robinson ( Mickey and Sylvia), Born Sylvia Vanderpool in New York City . Singer/songwriter/producer/ label owner. In mid-'50s, teamed with Mickey Baker to form the performing duo Mickey & Sylvia. Had million-selling "Love Is Strange" in 1956-57. Married Joe Robin son and founded All Platinum Records which later became Sugar Hill Records, the first major rap label.
 http://www.picosearch.com/cgi-bin/ts.pl
 1937-at 7:20pm, the dirigible Hindenburg exploded as it approached the mooring mast at Lakehurst, NJ, after a trans-Atlantic voyage.  Of its 97 passengers and crew, 36 died in the accident, which ended the dream of mass transportation via dirigible
 http://www.vidicom-tv.com/tohiburg.htm
 1939- Herbie Cox, lead singer of the '50s and '60s vocal group the Cleftones.
 http://www.destinationdoowop.com/cleftones.htm
 1940 -- John Steinbeck's The Grapes of Wrath wins the Pulitzer Prize as most distinguished novel of 1939. He gets the Nobel Prize for Literature in 1962.
 Banned in 1980 in two Iowa high school sophomore classes after a parent complained the book was "profane, vulgar, & obscene."The head of the school board defended the action, noting the US was "going pell mell downhill" morally & they were reversing the trend.
 http://steinbeck.sjsu.edu/home/
 1942 David Freisen birthday
 http://www.globalbass.com/archives/may2001/david_friesen.htm
 1944 - The first flight of the Mitsubishi A7M fighter (designed to replace the Zero) takes place. Technical problems and Allied bombing raids prevent mass production.
 1948 - May 6, 1948- KNXT (now KCBS) TV channel 2 in Los Angeles CA (CBS) 1st broadcast
 1951-May 6, Liz Taylor's 1st divorce (Conrad Hilton Jr)
 http://www.bestofcolumbus.com/fussichen/otde.htm
 http://www.who2.com/conradhilton.html
 1953-Alva "Bobo" Holloman of the St. Louis Browns pitched a no-hitter in his first major league start, defeating the Philadelphia Athletics, 6-0.  Holloman never pitched another complete game in his career which lasted just another 21 games. His early appearances with them, all in relief, yielded an ERA close to 9.00. Undaunted, the confident Holloman pestered manager Marty Marion to give him a chance as a starter. He took the mound in that capacity for the first time on the rainy night of May 6, 1953 before a hometown crowd of 2,473 and no-hit the Athletics 6-0. The 29-year-old rookie embellished his performance with three RBI and his only two hits in the majors. Yes, he never pitched another complete game in his major league career, which was over before the end of 1953.
 http://www.pubdim.net/baseballlibrary/ballplayers/H/Holloman_Bobo.stm
 http://www.baseball-reference.com/h/hollobo01.shtml
 http://www.pubdim.net/baseballlibrary/sabr/tbi/H/Holloman_Bobo.tbi.stm
 1954-running for the British Amateur Athletic association in a meet at Oxford University, Roger Bannister broke the four-minute barrier with a time of 3?59:4.  Four minutes for a mile at the time was considered not only a physical barrier but also a psychological one. In this epic race, Bannister relied on two teammates to pace him. Chris Brasher helped Bannister for the first two laps with times of 57.5 and 1:58.2.  Chris Chataway sprang to the lead for the third quarter (3.00:5). Bannister followed Chataway around the curve and started his kick on the backstretch.  He sprinted pas Chataway and, as he broke the tape, into track history.  But his record lasted little more than a month, until John Landy of Australia ran 3:58.0 on June
 21.
 1957 - Senator John Fitzgerald Kennedy of Massachusetts was awarded the Pulitzer Prize for his book "Profiles in Courage".
 http://www.johnfkennedy.org/
 1957-Eugene O'Neill became the first writer to win a Pulitzer Prize four times for drama: 1957,"for his play "Long Day's Journey Into Night." His other awards were in 1920 for"Beyond the Horizon," in 1922 for "Anna Christie," and in 1928 for "Strange Interlude."
 http://www.almaz.com/nobel/literature/1936a.html
 http://www.eoneill.com/
 1958-Top Hits
 Tequila - The Champs
 The Witch Doctor - David Seville
 Wear My Ring Around Your Neck - Elvis Presley
 Oh Lonesome Me - Don Gibson
 1959 - The Pablo Picasso painting of a Dutch girl was sold for $154,000 in London. It was the highest price paid to that time for a painting by a living artist.
 1963-William Faulkner wins a posthumous one for The Reivers; Samuel Barber wins for his "Piano Concerto No. 1."
 1964-the first election in the District of Columbia was the primary election, when the Reverend Edward Franklin Jackson, a Methodist minister who was African-American, defeated Frank Daniel Reeves for the office of Democratic committee-man.
 1965-In their Clearwater, Florida hotel room, Mick Jagger and Keith Richards work out the opening guitar riff of "Satisfaction", following Richard's purchase of a Gibson fuzz-box earlier that day.
 1965-James Brown reworks a song called "I Found You" by Yvonne Fair and comes up with "I Got You" (I Feel Good). It will become the biggest hit of his career, reaching #3 in the US.
 1967-Two weeks after being pushed out of the top spot on the Cashbox Best Sellers list by The Monkees' "A Little Bit Me, A Little Bit You", Nancy and Frank Sinatra return to the top spot with "Something Stupid".
 1966---Top Hits
 Good Lovin' - The Young Rascals
 Monday Monday - The Mamas & The Papas
 Sloop John B - The Beach Boys
 I Want to Go with You - Eddy Arnold
 1968-PATTERSON, ROBERT MARTIN Medal of Honor
 Rank and organization: Sergeant, U.S. Army, Troop B, 2d Squadron. 17th Cavalry. Place and date: Near La Chu, Republic of Vietnam, 6 May 1968. Entered service at: Raleigh, N.C. Born: 16 April 1948, Durham, N.C. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sgt. Patterson (then Sp4c.) distinguished himself while serving as a fire team leader of the 3d Platoon, Troop B, during an assault against a North Vietnamese Army battalion which was entrenched in a heavily fortified position. When the leading squad of the 3d Platoon was pinned down by heavy interlocking automatic weapon and rocket propelled grenade fire from 2 enemy bunkers, Sgt. Patterson and the 2 other members of his assault team moved forward under a hail of enemy fire to destroy the bunkers with grenade and machinegun fire. Observing that his comrades were being fired on from a third enemy bunker covered by enemy gunners in l-man spider holes, Sgt. Patterson, with complete disregard for his safety and ignoring the warning of his comrades that he was moving into a bunker complex, assaulted and destroyed the position. Although exposed to intensive small arm and grenade fire from the bunkers and their mutually supporting emplacements. Sgt. Patterson continued his assault upon the bunkers which were impeding the advance of his unit. Sgt. Patterson single-handedly destroyed by rifle and grenade fire 5 enemy bunkers, killed 8 enemy soldiers and captured 7 weapons. His dauntless courage and heroism inspired his platoon to resume the attack and to penetrate the enemy defensive position. Sgt. Patterson's action at the risk of his life has reflected great credit upon himself, his unit, and the U.S. Army.
 1970 -- Between today & about the 20th, student strikes disrupt 448 colleges, involving 1 million+ students (possibly as many as "4 million students"; Todd Gitlin believes 750+ campuses (of 2500 nationwide), with demonstrations at 1200+ demonstrations against sending troops to Cambodia) Stanford University experiences "worst riots in its history."
 75 campuses stayed closed thru rest of the school year).
 http://world.std.com/obi/Emi.Anthology/tears.html
 1972-Elton John's "Rocket Man" is released in the US, where it will reach #6.
 1973-The New England Whalers won the first championship of the World Hockey association. They defeated the Winnipeg Jets, 9-6, to win the final series, four games to one. Both teams later moved into the National Hockey League.
 1973- Paul Simon began his first solo tour in Boston, three years after splitting up with Art Garfunkel. Some of the shows were recorded and selections released on the following year's "Live Rhymin'" album.
 1974---Top Hits
 The Loco-Motion - Grand Funk
 Dancing Machine - The Jackson 5
 The Streak - Ray Stevens
 Things Aren't Funny Anymore - Merle Haggard
 1977-Ten weeks after entering the Billboard singles chart, The Eagles' masterpiece, "Hotel California" became the band's fourth US #1 hit.
 1980 - NBC came to terms with its superstar, Johnny Carson, on this day. Johnny signed a new three-year contract for approximately $5-million a year. Carson also reduced his"Tonight Show" to one hour from ninety minutes and cut his work week to four nights. Plus, he got billing in the show's title, as it became "The Tonight Show starring Johnny Carson".
 http://www.johnnycarson.com/carson/indexflash.jsp
 1982 - Gaylord Perry of the Seattle Mariners became the 15th pitcher in the major leagues to win 300 career victories. Perry, known for his spitball as well as a variety of other pitches, led the Mariners past the New York Yankees 7-3. He was long suspected of doctoring the baseball with his salvia.  Perry pitched for eight different teams over 22 years an won 314 games.
 http://www.baseball-reference.com/p/perryga01.shtml1982
 --Top Hits
 I Love Rock 'N Roll - Joan Jett & The Blackhearts
 Chariots of Fire - Titles - Vangelis
 Ebony and Ivory - Paul McCartney with Stevie Wonder
 Mountain Music - Alabama
 1984- Tina Turner's comeback hit, "What's Love Got to Do With It," was released. The song went to number one, won Grammys for record and song of the year, and established Turner as a major solo star. 1986- The Rev. Donald E. Pelotte, 41, was ordained in Gallup, New Mexico -- the first American Indian to be made a Roman Catholic Bishop in the U.S.
 http://www.phillyburbs.com/drexel/news/1005bishop.htm
 http://www.dioceseofgallup.org/
 1986 - From the What an Ungrateful Thing to Do, Joan file: Comedienne, Joan Rivers, put her foot in her mouth by announcing to the world that she was leaving "The Tonight Show" as permanent guest host to begin her own late-night gabfest on the new FOX TV Network.http://www.joanrivers.com/
 1988-" Have another doughnut, you fat pig!"  After a 6-1 loss to the Boston Bruins in the Stanley Cup playoffs, New Jersey Devils coach Jim Schoenfeld confronted referee Don Koharski as the officials left the ice.  In a scuffle, Kobarski either fell, or was pushed, causing Schoenfeld to mock him with the insult, " Have another doughnut, you fat pig!."  The league suspended Schoenfeld without a hearing, but a judge granted the Devils request for an injunction, in response, regular officials chose not to work the next Devils-Bruins game. Instead, an amateur ref. handed the game assisted by two off-ice officials acting as linesmen. The Devils won, 3-1.
 1990---Top Hits
 Nothing Compares 2 U - Sinead O'Connor
 I Wanna Be Rich - Calloway
 How Can We Be Lovers - Michael Bolton
 Love on Arrival - Dan Seals
 1992- Bruce Springsteen unveiled his new band at a surprise show at the Bottom Line in New York. The only holdover from the E Street Band was keyboardist Roy Bittan. The four-piece group backed Springsteen on "Saturday Night Live" three nights later. "The Boss" opened his world tour in Stockholm nine days after his New York appearance.
 1998-Chicago Cubs rookie pitcher Kerry Wood set the National League record and tied the major league record for most strikeouts in a 9-innning game when he fanned 20 Houston Astros in a 2-0 Chicago win. Roger Clements set the major league record in 1986 and tied it in 1996. The former modern National League Mark, 19, was held by three pitchers, Steve Carlton,  Tom Seaver and David Cone.
 http://sportsillustrated.cnn.com/baseball/mlb/players/14836/index.html
 2006--Nancy Sinatra unveiled her star on the Hollywood Walk Of Fame as she celebrated forty years in music since the debut of her 1966 hit "These Boots Are Made for Walkin".
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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] --------------------------------------------------------------
 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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 Weather
   See USA map, click to specific area, no commercials http://www.weather.gov/ [headlines] --------------------------------------------------------------
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