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Today's Equipment Leasing Headlines Correction: Regents Capital Sues Balboa for $36,454 Attorney Fees Broker/Funder/Industry Lists | Features (collection) You May have Missed--- ######## 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 to a colleague and ask them to subscribe. [headlines] -------------------------------------------------------------- Correction: Regents Capital Sues Balboa for $36,454 Attorney Fees
In the early edition, there was a duplication of a footnote. When it was discovered, the correct link was inserted. It was an important part of the article: “In the quest for $36,454 attorney fees, the court document reads: “Balboa never had any evidence that defendants took anything — no documents, no customer lists, no computer records — from Balboa. Balboa also has no evidence that defendants used any trade secret information. Moreover, there is no trade secret. Yet Balboa sued all defendants, alleging they engaged in these unlawful acts.” (9) In the Motion for Attorney fees, the workings today of the 150 employee Balboa Capital company are outlined, how sales are obtained, the use of the social media, and press releases; basically a primer on the use of sales technology. (9) (9) Motion for Attorney Fees Full Story:
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[headlines] Classified Ads---Legal
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Free Posting for those seeking employment in Leasing: All “free” categories “job wanted” ads: [headlines] My Husband Richard and the Veterans Administration
(Leasing News urged Rosanne Wilson, CLP, BPB, long time leasing broker and active in the industry, to let readers know about her husband, Richard, a Vietnam vet, and his experience with the Portland, Ore. VA Hospital.) I hope some of my colleagues in this industry who read this story will share their experiences. I know there are many veterans in the lease industry who are going through the same nightmare. Perhaps Leasing News can continue this feature story. There are a couple of websites that went up last week where veterans can share their own horror stories. Portland, Oregon Veterans Administration Hospital Some of you in the industry are aware that my husband had a massive heart attack this past October. He was rushed by ambulance to Tuality Community Hospital in Hillsboro, Oregon where we live. It is only about 12 blocks from our house and the VA is a 45 minute drive from our house. The ambulance driver told me there was NO WAY he would rush Richard by ambulance up to the VA because he might not make it. A stint was put in one of his main arteries near his heart.Once the stint was placed in him, Tuality hospital called the VA and offered to drive him by ambulance up to the VA so they could take over from there. The VA told the hospital that they had no available beds in the Cardio unit and told the hospital to just keep him, which was lucky for us, as the hospital decided to run more testing on him. They discovered that Richard had a major blockage of his arteries in both of his legs. They sent an urgent request to the Portland, Oregon VA that Richard's VA doctor needs to schedule him to have stints put in both of his legs at the VA as soon as possible. That was back in October. Richard called the VA daily, and emailed them daily. In six months, no response. No appointment has been set since last October's heart attack. He is stuck on a waiting list for 6 months now and suffering daily. Within weeks of his heart attack, he started experiencing what I call "mini heart attacks" and these became almost daily occurrences. These attacks would cause so much pain in his heart and he would struggle to breathe and he would grab his chest. I thank God we have Nitro tablets and it usually takes 4 or 5 Nitro tabs to get the pain to stop. He has been tortured by these attacks more and more with time. These attacks also occur in the middle of the night. He would wake up in horrible pain and gasping. More Nitro tabs. I would sit up with him until the pain would subside. He continued his daily ritual of calling and emailing the VA. I was petrified to go to my office each day and I suffered so much anxiety and fear that he would die while I was at work. Richard wrote letters to our Senator and Congressman and the VA Advocacy office. No responses. Then suddenly with the news of the VA scandal in the Phoenix Veterans Administration, the whole nation became aware of the lack of care. As days wore by, more and more whistle blowers stepped forward. There are now 26 VA's under investigation including the Portland, Oregon VA that my husband is enrolled in. A week and a half after the VA scandal broke on the news, Richard finally got a phone call from a brand new nurse practitioner who introduced herself to him. She said she had just been hired and was brand new. She had gone through his entire file and was very disturbed that nothing had been done for Richard, even though he complained about his daily heart pains and how short of breath he was. She read the notes the hospital had sent over back in October, 2013, that they had discovered more blockages in his legs and that he needed to have stints put in his legs right away. She was alarmed that he had tried since last October to get an appointment with the cardiologist. She set an appointment for him to come in right away to have pressure checks done on both legs in order to locate the blockages. That finally happened about 2 weeks ago and Richard got the findings this past week in a letter that confirmed he had massive blockages of his arteries in both legs and he had NO PULSE in his feet. One of his toes is turning black, too. The findings said he has severe arteriosclerosis and needed to be scheduled for surgery within 14 days! We are waiting for the notification for what day the surgery will be done. If he doesn't hear anything this week, they will have exceeded the 14 days. I pray that he gets a phone call this week to schedule him for the vascular surgery. The nurse practitioner was very alarmed at his situation and tried to assure him that he will get taken care of A.S.A.P. None of this would be happening right now if it had not been for the brave whistle blowers who brought this situation to light from all over the country. No wonder Richard hasn't been able to even go to the grocery store with me on Saturdays. The last time he tried, he didn't even make it down the first aisle without having difficulty and had to go back to the car and lay down. I have been so frightened for months. Every day he deteriorates even more. It took a national scandal for things to start happening. When Richard was at the VA for the pressure checks in his legs, he ran into one of his customers who actually works at the VA. He told Richard in a whispering voice that "this place is crawling with auditors," who are investigating the practices are at this VA. I was pleased to hear that.Portland has not been on the news yet, but I suspect it will. I wish just one brave person at the Portland VA would step forward and blow the whistle on how bad this VA has treated the vets. I would think they would not have to fear losing their job now that the whole country knows about this. The intimidation of the employees by the VA administrators has been so bad that the employees are all afraid to speak out. This is an outrage. Our vets deserve far better. People are dying waiting for the care they need. My husband is a ticking time bomb. This morning his pain was so bad I thought I should call 911, but he took his Nitro tablets (several of them) and finally it subsided. He could not even walk out to the driveway with me to say goodbye like he tries to do each morning. The pains in both legs are so bad. The blood just can't seem to pump up and down through his legs. Since the VA letter said surgery within 14 days, I am going to hold them to it. I will make a mighty noise with the media. I will not sit by and watch my husband go through such agony. He served two tours in Vietnam. He went through hell over there for his country and the enemy blew off one of his hips. Our men and women who have served deserve the best of care when they come home. The VA should have brought him in for surgery the moment they got the test results last October. You or I would have been thrown into the hospital immediately in the private system. Rosanne Wilson, CLP, BPB These websites were created by various veteran advocacy groups who are gathering these stories to hold the government accountable and to prove how widespread this lack of care is for our veterans. I hope you will share your stories. http://vaoversight.org/
[headlines] Bank Income Down 7.6%, but Loans and Leases Up
Reporting Expanded to Include New Coverage of Community Banks The Federal Deposit Insurance Corporation (FDIC) reported that over the last 12 months, loan and lease balances increased by 3.6 percent, the highest 12-month growth rate since before the recent financial crisis. “Total loan and lease balances rose by $37.8 billion (0.5 percent) in the first quarter to $7.9 trillion. Credit card balances posted a seasonal decline and banks continued to reduce their inventories of mortgage loans held for sale, but most other loan categories registered modest growth.” Overall, U.S. bank earnings fell to $37.2 billion in the first quarter of 2014, a 7.6 percent dip compared to the same period a year earlier as mortgage revenue dropped sharply and trading income also declined. “Despite the overall growth in loan and lease balances, income from mortgage-related activity remained well below the level of a year earlier,” FDIC reported. “Noninterest income from the sale, securitization and servicing of mortgages was $4.0 billion (53.6 percent) lower than a year ago. One- to four-family residential real estate loans originated and intended for sale were $323.6 billion (70.6 percent) lower than in the first quarter of 2013, as rising interest rates in the second quarter of 2013 reduced the demand for mortgage refinancings. Realized gains on available-for-sale securities also were lower than a year ago, as higher medium- and long-term interest rates reduced the market values of fixed-rate securities. Banks reported $827 million in pretax income from realized gains in the first quarter, a decline of $1.2 billion (60.1 percent) from the first quarter of 2013.” “The decline in earnings was mainly attributable to a $7.1 billion (10.7 percent) decline in noninterest income. Lower income from reduced mortgage activity and a drop in trading revenue contributed to a year-over-year decline in noninterest income. Additionally, noninterest income was higher one year ago due to a one-time gain at one institution. Despite the decline in earnings, more than half of the 6,730 insured institutions reporting (54 percent) had year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable during the first quarter fell to 7.3 percent from 8.5 percent a year earlier.” "We saw further improvement in the condition of the banking industry in the first quarter," said FDIC Chairman Martin J. Gruenberg. "Asset quality continues to improve, loan balances are trending up, fewer institutions are unprofitable, and the number of problem banks continues to decline. However, industry revenue has been affected by narrow margins, modest loan growth, and a decline in noninterest income as higher interest rates have reduced mortgage-related activity and trading income fell." “Community banks earned $4.4 billion during the quarter. The FDIC has added a new section to the Quarterly Banking Profile that reports on the performance of community banks – those institutions that provide traditional, relationship-based banking services in their local communities. Based on criteria developed for the FDIC Community Banking Study published in December 2012, there were 6,234 community banks (93 percent of all FDIC-insured institutions) in the first quarter of 2014 with assets of $2.0 trillion (14 percent of industry assets). Although net income at community banks of $4.4 billion was down $67 million (1.5 percent) from a year earlier, the percentage decline was far less than the 7.6 percent decline in earnings reported by the industry. The report also finds that loan balances at community banks grew at a faster pace than the industry, asset quality indicators continued to show improvement, and community banks accounted for 45 percent of small loans to businesses. “The number of "problem banks" fell for the 12th consecutive quarter. The number of banks on the FDIC's "Problem List" declined from 467 to 411 during the quarter. The number of "problem" banks now is less than half the post-crisis high of 888 at the end of the first quarter of 2011. Five FDIC-insured institutions failed in the first quarter. “The Deposit Insurance Fund (DIF) balance continued to increase. The DIF balance (the net worth of the Fund) rose to $48.9 billion as of March 31 from $47.2 billion at year-end 2013. Assessment income was the primary contributor to the growth in the Fund balance. Estimated insured deposits increased 1.9 percent, and the DIF reserve ratio (the Fund balance as a percentage of estimated insured deposits) rose to 0.80 percent as of March 31 from 0.79 percent at the end of 2013. A year ago, the DIF reserve ratio was 0.60 percent. By law, the DIF must achieve a minimum reserve ratio of 1.35 percent by 2020.” The complete Quarterly Banking Profile is available at http://www2.fdic.gov/qbp on the FDIC Web site.
[headlines] Bank M&A 2014 Deal Tracker
Year-to-date through May 15, 95 deals were announced in the banking sector with a cumulative deal value of $4.3 billion and a median price to tangible book of 142.30%. Over the same period of 2013, the M&A market saw 74 deal announcements with an aggregate deal value of $2.4 billion and a median price to tangible book of 116.86%. The first quarter closed with 57 bank deal announcements, compared to 50 deals in the first quarter of 2013. The aggregate deal value rose to $2.6 billion in the first quarter, compared to $1.8 billion over the same period of 2013. The median price to book value logged in the first quarter stood at 133.26%, and it was 142.63% in the second quarter so far.
There were 231 deals announced in 2013, up from 223 deals in 2012. The value of deals in 2013 totaled $14.2 billion, up from $12.8 billion in 2012. The improvement in pricing was substantial. Last year's median price-to-tangible book ratio of 124.71% stood in contrast to 115.08% in 2012.
The full SNL Financial report and analysis here:
[headlines] New Hires --- Promotions
Michelle Duran was hired as Sr. Vice President-Business Development Officer at Diversified Transportation Finance, Greater Salt Lake City area. Previously, she was Sr. Vice President Business-Development Officer Midland American Capital (November, 2012–April, 2014); Sr. Vice President-Business Development Officer, Midland American Capital (November, 2012–April, 2014); Business Development Manager, Transfac Capital (June, 2005–November, 2012).
Bree Johnson, CLP, was hired as Leasing Coordinator, Financial Pacific Leasing; based in Anaheim, California (Umpqua purchased Fin Pac as well as Sterling who purchase Commerce National). Previously she was Commercial Banking Rep., Sterling Savings Bank (October, 2013-May, 2014); Equipment Finance Processor, Commerce National Bank (December, 2009–October, 2013); Documentation & Funding Processor, Westover Financial, Inc. (July, 2006–May, 2009) She became a Certified Leasing Professional, September, 2013 “David D. McKerroll was appointed as President of Element Capital to oversee the further expansion and development of Element's Railcar Finance and Aviation Finance business units. (He) was one of the founders of Newcourt Credit Group, helping to lead the company from a start-up to having in excess of $25B in owned and managed assets and in excess of 5,000 employees. He was President of Newcourt Capital which provided financing to the following industry sectors; Aerospace, Rail, Power and Energy, Infrastructure, Communications and Media and Merchant Banking After the acquisition of Newcourt by CIT Group Inc (“CIT”), Mr. McKerroll became the Group CEO of CIT Structured Finance (formerly Newcourt Capital) and later the Group CEO of CIT Capital Finance after the combination of CIT’s Structured Finance and Capital Finance divisions. He was a member of the Board of Directors of Cossette Communication Group Inc., a publicly traded international communications firm for over nine years, where he was also Chairman of the Audit committee. Mr. McKerroll is the CEO of OTEC Research Limited (“OTEC”), a research driven company focusing on water technology. OTEC is the producer and distributor of GP8 Sportwater. Mr. McKerroll obtained his chartered accountant designation while working for Clarkson Gordon. He holds a Bachelor of Commerce from McMaster University.”
Sakone Phommasak was hired as Vice President of Sales at Ascentium Capital, Kingwood, Texas; based out of Orange County, California. Prior, he joined Balboa Capital as Account Executive II, November, 2012, and was promoted to Account Manager, July, 2013. Previously he was Account Executive, Taycor Financial (January, 2011–April, 2012); Finance Representative, Decada Financial Group (August, 2008–2011); Sr. Account Executive, Highland Financial Group (September, 2007–July, 2008); Commercial Finance Analyst Commercial Finance & Leasing, Bank of Cardiff (August, 2006–July, 2007). Education: Cal State Fullerton, Political Science/Econ. Evelyn Doan Tade has joined Renasant, Birmingham, Alabama, as Senior Vice President and Commercial Relationship Manager for Equipment Finance & Leasing in its Nashville Main Office. “In her new role, Tade will offer financial structures for a range of commercial equipment types including vehicles, utility equipment, cranes, medical equipment, construction equipment, industrial equipment, machine tools and telecommunications to a wide variety of industries throughout Tennessee.” Previously, she was an Officer at Regions Bank (April, 1978-April, 2014); Accounting Department Manager Federal Reserve Bank, Nashville (March, 1967-May, 1975). Education University of Alabama Bachelor of Business Administration (B.B.A.)
[headlines] Leasing Industry Help Wanted
For information on placing a help wanted ad, please click here: Please see our Job Wanted section for possible new employees. [headlines] Letters? We get eMail
"These merchant account lenders are making up the bulk of the new lenders coming to the associations. They have found a hungry audience to help them sell their products (starving brokers). "Please see the attached, as this is not good news for our industry. We could do without these players who are no different than pay day or title loan lenders. There may be a need for their services but not at those rates." Small business owners see increase in ugly subprime lending tactics Bob Underwood ----
Northern Leasing Brings up $2 Million Bond re: Ascentium New York Court of Appeals Case “In March, Eric T. Schneiderman, the New York State attorney general, announced a settlement with a credit card processing company, Northern Leasing Systems, that was accused of skimming $3.6 million from mom-and-pop stores across the country. Northern Leasing agreed to refund the money and halt the skimming. Two of the company’s principals, Jay Cohen and Leonard Mezei, turned out to have Cook trusts. Neither was held personally liable. Their lawyer declined to comment, and the attorney general’s office did not respond to requests for comment. Cook Islands, a Paradise of Untouchable Assets (Name With Held) ----
Marlin's CEO Blames Severe Winter for Temporary Impact "A lot of us ex-Marlin employees loved how you pointed out that Dan Dyer chose to blame the weather and not the increased competition the lack of volume growth. That was priceless. Nicely done. "We were joking about it because Dan is the same guy who fired half the company and gave himself a raise for 'weathering the storm in a difficult environment.' (Name With Held)
Leasing Association Membership Down "As a broker, it is difficult to spend the $3,000 for membership, lodging and travel that it takes to attend one of the leasing association shows. Things have gotten better over the last few years, but brokers aren’t making the kind of money they were back in 2007.” Brian Cornell
(Leasing News provides this ad as a trade for investigations
[headlines]
[headlines] Eight Tips to Rethinking Work-Life Success In the United States, Women earn 57% of the undergraduate degrees, and 60% of the master’s degrees, yet few of them occupy the corner office of our corporations, or are on the Board of Directors. According to a study published by Catalyst in 2012, only 21% of Fortune 500 CEOs are women. In addition, women only hold 14% of executive officer positions, 17% of board seats; only 18% of our elected congressional officials are women. Our culture is ready to increase women’s role at the top, craving the unique perspective and diversity of thinking. In fact, research shows that companies run better with both women and men in leadership roles – important to both our economy and community. So why do women get the education, enter the workforce and cannot cross the chasm to the corner office? One reason is that on their way to the corner office they begin to search for the mythical “balance.” They cannot find it because it does not exist--and they believe the only answer is to leave or step back in the journey. How do we help women realize that balance is just a myth, but leadership is possible with the right expectations, persistence and tools? The following eight “life” and “work” tips will help women rethink their work success, while excelling at home and in the office. They are written from my personal and professional experiences and shared in my book, The Balance Myth: Rethinking Work-Life Success.
Women can be their own worst enemy in the workplace; but they can also be the inspiration for change – that is, for their own change. And with this cultural shift, more companies in the United States will see a different view from the top, with more women executives leading the way. About the Author: Teresa Taylor is a nationally recognized, Fortune 500 executive who brings integrity, focus, vision and agility to corporate leadership, while advising companies, government agencies and others on a successful business model. Her book, The Balance Myth: Rethinking Work-Life Success, is inspiring women to succeed professionally and personally.
[headlines] Shepherd and Chinese Sharpei
"I am a neutered male, tan Shepherd and Chinese Sharpei. "I have been at the shelter since May 23, 2014." City of Irvine Animal Shelter Physical Address: Center Hours: *Please arrive at least two hours before closing in order to visit with adoptable animals. Adoptions stop one hour prior to closing. Adopt a Pet [headlines] Fernando's View Releases both mega-sized ("Godzilla") and intimate ("The Immigrant") come to theaters, while new DVDs offer heartache ("Her"), comedy-drama ("The Monuments Men") and classic action ("Red River"). In Theaters:
Godzilla (Warner Bros.): The screen’s most beloved, city-stomping gargantuan reptile, Godzilla returns in this terrifically crafted blockbuster update. Beginning in 1999 with a prologue that establishes the monster’s radioactive origins, the story quickly jumps to present day, when obsessive scientist Joe Brody (Bryan Cranston) and his estranged son Ford (Aaron Taylor-Johnson) are reunited as Japanese authorities accidentally release a slew of creatures onto the world. The race to save the planet takes the characters to San Francisco, where Ford’s wife (Elizabeth Olsen) awaits and the mythical Godzilla finally makes his much-awaited entrance. Though an outline suggests a standard mega-budget demolition derby, director Gareth Edwards (“Monsters”) keeps the spectacle grounded with a genuine gravity that the 1998 “Godzilla” never had. The result is a smash hit that both compels and thrills.
The Immigrant (The Weinstein Company): Considered by several critics to be one of the best living filmmakers, writer-director James Gray serves up a deeply personal drama with this richly textured, intimate epic. Set in the early 1920s, the film follows the life of Polish immigrant Ewa (Marion Cotillard, in a heartbreaking performance), who comes to Manhattan with her sister and soon becomes involved with the alternately charming and abusive Bruno (Joaquin Phoenix). When things are at their darkest, however, Ewa meets Bruno’s cousin Orlando (Jeremy Renner), a street magician who may be able to rescue her from her nightmarish descent. Getting away from the gangland tales that made his name (“Little Odessa,” “The Yards”), Gray chronicles an arrestingly acted, profoundly moving vision of the American Dream.
On DVD:
Her (Warners): Better known for his imaginative music videos and odd humor, director Spike Jonze ("Being John Malkovich") delivers a gentle and haunting comedy-drama set in the near future. In a complete reversal of his vehement last performance in "The Master," Joaquin Phoenix stars as Theodore, a meek and lonely man who makes his living writing romantic letters for other people. His life takes a sudden turn, however, when he receives a new, all-purpose operating system named Samantha (voiced by Scarlett Johansson). As the computer seems to develop feelings, their friendship slowly transforms in provocative, beguiling and, finally, melancholy ways. Enriching his usual whimsy with light-fingered surrealism and poignancy, Jonze serves up a meditation on the strange ways of love that has won the Oscar for Best Original Screenplay.
The Monuments Men (Sony): George Clooney returns to the director's chair with this enjoyably seriocomic tale of art in wartime. Based on a true story, the film takes place during World War II, when the devastation of Nazi rule threatens to claim the artworks that are the cultural heritage of Europe. With the President's approval, Frank Stokes (Clooney) recruits a group of men to head behind enemy lines in Germany and return these masterpieces to their rightful owners. Unfortunately for him, this treasure hunt is complicated by the fact that these men aren't soldiers, but instead meek historians and curators who are much more comfortable in museum halls than out in the battlefield. With an all-star supporting cast that includes Matt Damon, John Goodman, Bill Murray and Cate Blanchett, Clooney crafts a sturdy yarn that combines intriguing history with mischief.
Red River (Criterion): A stunningly versatile old master, Howard Hawks made masterpieces in just about every genre, from gangster films to musicals. So it goes with this 1948 Western, being re-released in a restored Criterion disc as a reminder of one of John Wayne's greatest roles. Wayne plays Thomas Dunson, an ambitious rancher who builds a vast cattle empire with his adopted son Matt (Montgomery Clift, in his film debut) by his side. The men embark on a tough journey when they must relocate cattle from Texas to Missouri, and during the trip Matt becomes increasingly aware of Thomas' borderline tyrannical ways. An act of rebellion puts the two men against each other, with a brutal conclusion looming on the horizon. Overflowing with robust action and sly humor, this is a magnificent Wild West ride that every movie lover should take.
[headlines] Modern Law Group Joins Leasing Attorneys Group
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[headlines]
Serious Conditions' at Phoenix Veterans Affairs Office, Watchdog Says Squire Sanders, Patton Boggs agree to merger that will create a firm with 1,600 lawyers Is Air Lease Corp Leveraging Too Much? Greenbrier lands splashy $1B railcar leasing deal Blight removal in Detroit to take 5 years, cost $850M, task force reports
“Bankers’ hours” takes on new meaning SparkPeople--Live Healthier and Longer
Dealing with Hunger and Food Cravings
[headlines] Baseball Poem
Clippers hurried sale is expected to draw bids up to $2 billion Miami case involving 49ers' Colin Kaepernick goes to state attorney's office Earl Thomas wants new job: Seahawks’ punt returner
[headlines]
San Francisco offers site near Bay Bridge for George Lucas museum How Bad Is the Drought? Water Thieves In No. California Craigslist ad offers most ridiculous S.F. rental yet Ownership change for Hotel del Coronado
http://www.youtube.com/watch?v=EJnQoi8DSE8 Ownership Transitions in the Wine Industry 2014 The Sancerre Moment Frank M. Woods, Vintner and Ambassador for Sonoma, Dies at 81 Free Mobile Wine Program Wine Prices by vintage US/International Wine Events Winery Atlas Leasing News Wine & Spirits Page
[headlines] This Day in History 1736--Birthday of Patrick Henry, American Revolutionary War leader and orator, born at Studley, VA, and died near Brookneal, VA, June 6, 1799. Especially remembered for his speech (Mar 23, 1775) for arming the Virginia militia, at St. Johns Church, Richmond, VA, when he declared: "I know not what course others may take, but as for me, give me liberty or give me death." It is not known if Patrick Henry ever spoke these words. His biographer William Wirt made up so many facts, the phrase is it "it is fact or is it Wirt" became a popular saying among American historians. There is nothing recorded in Virginia or by contemporaries who were there who make mention of this statement by Patrick Henry. That also does not disprove it, either, some historians note. Even his painting was done sixteen years after he died by an artist who based the picture on a painting of Captain James Cook, whom Henry was said to resemble. Only later, when a genuine real-life miniature of Henry suddenly surfaced, was it discovered that Henry looked nothing like Cook, although that is the painting reproduced in school history books and is taken to be Patrick Henry (it is not). Richard Shenkman, "Legends, Lies & Cherished Myths of American History."
http://memory.loc.gov/ammem/today/may29.html 1765 - Patrick Henry denounced the Stamp Act before Virginia's House of Burgesses. Henry responded to a cry of "Treason!" by saying, "If this be treason, make the most of it!" 1787- Just five days after the Constitutional Convention met at Philadelphia, PA, the “Virginia Plan" was proposed. It called for establishment of a new governmental organization consisting of a legislature with two houses, an executive (chosen by the legislature) and a judicial branch. 1790- Rhode Island, the last of the 13 original states, ratified the Constitution. Known as the “Ocean State". Named by Italian Explorer Giovanni da Verrazano who noted that, the area we know as Rhode Island, looked about the size of the tiny Greek Isle of Rhodes. Rhode Island's capital city is Providence. The violet is the state flower. Probably the most famous variety of chicken, the Rhode Island Red, is the state bird. http://visitri.com/ http://www.lihistory.com/2/hs213a.htm http://www.lihistory.com/vault/hs215a1v.htm http://www.italianhistorical.org/verrazzano.htm 1843 – John C. Fremont again departs from St. Louis to explore the West, having only recently returned from his first western expedition. With the help of his wife, Jessie, Fremont wrote a detailed account of his western adventures. The report made some notable errors. Fremont foolishly identified the country around the Great Salt Lake as fertile-a mistake that contributed to the Mormons decision to migrate to the area. However, Fremont’s account did provide the first comprehensive scientific survey of vast areas of the West. Fremont went on to lead two other successful expeditions to the West. His reports of these and his earlier journeys made him a national hero and he later went into politics. He lived into his early 70s, but the four western journeys he made before he was 40 remained his greatest achievements. 1844--The first "dark horse" presidential candidate was James Knox Polk. His name appeared for the first time on the eighth ballot at the Democratic convention in Baltimore, MD. On the ninth ballot, amid great confusion, the convention stampeded for him. http://www.whitehouse.gov/history/presidents/jp11.html http://www.americanpresidents.org/presidents /president.asp?PresidentNumber=11 1848-The "Californian" complained: "The whole country from San Francisco to Los Angeles, and from the sea shore to the base of the Sierra Nevada's, resounds with the sordid cry of gold, “GOLD, GOLD!”, while the field is left half-planted, the house half built, and everything neglected but the manufacture of shovels and pickaxes." "The Californian" also announced suspension of publication because of staff leaving for the diggings. In reality, most of the gold discovered was squandered and bars, gambling joints, suppliers, merchants, and others did better selling to the gold seekers than the gold seekers themselves. 1848- Wisconsin became the 30th state. The nickname is the Badger State. It is not named after the small animal, but the many lead miners in the grass lands who were called badgers in the early 1800's. The land of lakes and large expanses of green gave name to Wisconsin, thought to be the Chippewa Indian word for "grassy place". The wood violet is the state flower. The robin is the state bird. Madison is the capital city. [delete-redundant] Wisconsin's nickname is the Badger State, but it is not named after the little animal, as you might have thought. It seems that the many lead miners in the Wisconsin grass lands in the 1830s were called -- badgers. Following approval of statehood by the territory's citizens, Wisconsin enters the Union as the 30th state. In 1634, French explorer Jean Nicolet landed at Green Bay, becoming the first European to visit the lake-heavy northern region that would later become Wisconsin. In 1763, at the conclusion of the French and Indian Wars, the region, a major center of the American fur trade, passed into British control. Two decades later, at the end of the American Revolution, the region came under U.S. rule and was governed as part of the Northwest Territory. However, British fur traders continued to dominate Wisconsin from across the Canadian border, and it was not until the end of the War of 1812 that the region fell firmly under American control. By 1840, population in Wisconsin had risen above 130,000, but the people voted against statehood four times, fearing the higher taxes that would come with a stronger central government. Finally, in 1848, Wisconsin citizens, envious of the prosperity that federal programs brought to neighboring Midwestern states, voted to approve statehood. Wisconsin entered the Union the next May. http://www.wistravel.com/wisconsinhistory.htm http://www.wisconsin.gov/state/core/wisconsin_state_symbols.html (also the lower part of: http://memory.loc.gov/ammem/today/may29.html) 1865- President Andrew Johnson issued a proclamation giving a general amnesty to all who participated in the rebellion against the US. High ranking members of the Confederate government and military and those who owned more than $20,000 worth of property were exempted and had to apply individually to the President for a pardon. Once an oath of allegiance was taken, all former property rights, except those in slaves, were returned to the former owners. 1903-Birthday of Bob Hope (Leslie Townes Hope), in England. Comedian, entertainer, actor: 'Road' series with Bing Crosby and Dorothy Lamour: “The Road to Singapore”, “…Zanzibar”, “…Morocco”, “…Utopia”, “…Rio”, “…Bali”, “…Hong Kong”; a multitude of other films; nightclub entertainer, countless TV specials; host of The Academy Awards. He is possibly best known for his USO tours and entertaining of troops overseas and on the front lines during World War II, the Korean War, the Viet Nam War and even during Desert Storm; "If I could live my life over, I wouldn't have time!" http://www.screentalk.org/art010.htm 1912--- Curtis Publishing, publishers of the Ladies Home Journal fires 15 women for dancing the "Turkey Trot" on their lunch hour. The magazine would not have a woman editor until the 1970s. 1917-Birthday of President John F. Kennedy. Many of us know where we were the time we learned of his death. On the Tonight Show, Jay Leno asks people on the street if they know what the Berlin Wall was or who Kennedy defeated in the bid for president. One young person said he was the husband of Jackie Kennedy. 35th president of the US (1961-63), born at Brookline, MA. Assassinated while riding in an open automobile at Dallas, TX, November 11, 1963. (Accused assassin Lee Harvey Oswald was killed at the Dallas police station by a gunman, Jack Rubenstein (Ruby), two days later). Kennedy was the youngest man ever elected to the presidency, the first Roman Catholic, first to win Pulitzer Prize for “Profiles in Courage” and the first president to have served in the US Navy. He was the fourth US president to be killed by assassin*, and the second to be buried at Arlington National Cemetery (first was William Howard Taft). 1 1919-Charles Strite of Stillwater, MN, received a patent for a toaster with a pop-up action. His device could both toast and eject bread when positioned over a fire. 1922-The Supreme Court, in a decision written by Justice Oliver Wendell Holmes, declared that baseball "would not be called trade or commerce in the commonly accepted use of those words." The Court rejected the suit of the Baltimore Federal League Club that wanted baseball made subject to federal antitrust legislation and interstate commerce regulation. 1925-Fletcher Henderson records " Sugar Foot Stomp" 1932 – At the height of the Great Depression, the so-called “Bonus Expeditionary Force,” a group of 1,000 World War I veterans seeking cash payments for their veterans’ bonus certificates, arrive in Washington, D.C. One month later, other veteran groups spontaneously made their way to the nation’s capital, swelling the Bonus Marchers to nearly 20,000 strong, most of them unemployed veterans in desperate financial straits. Camping in vacant government buildings and in open fields made available by District of Columbia Police Chief Pelham D. Glassford, they demanded passage of the veterans’ payment bill introduced by Representative Wright Patman. On July 28, President Herbert Hoover ordered the army, under the command of General Douglas MacArthur, to evict them forcibly. MacArthur’s men set their camps on fire, and the veterans were driven from the city. Hoover, increasingly regarded as insensitive to the needs of the nation’s many poor, was much criticized by the public and press for the severity of his response. 1935-Jimmy Lunceford Band records "Four or Five Times." 1935- The first occupants arrived at the first drug treatment center for addicts established by Congress: U.S. Narcotics Farm at Lexington, KY, which covered 100 acres of a 1,050-acre plot. 1938 – Birthday of former Major League Baseball Commissioner Fay Vincent. Vincent presided over the 1989 World Series between the San Francisco Giants and the Oakland A’s that was interrupted by the Loma Prieta earthquake. The Series resumed after seven days, for which he was criticized by many. 1939 – Indy race car driver Al Unser is born. 1942 - The biggest selling record of all time was recorded. A little out of season, perhaps, but "White Christmas", the Irving Berlin classic, was recorded by Bing Crosby for Decca Records. The song was written for the film "Holiday Inn". More than 30-million copies of Crosby's most famous hit song have been sold and a total of nearly 70-million copies, including all versions of the standard, have been sold. 1943 - Norman Rockwell's portrait of "Rosie the Riveter" appeared on the cover of "The Saturday Evening Post." Rockwell's model was Mary Keefe (19) of Arlington, Vermont. In 2002 the painting sold at auction for $4,959,500. 1944--GALT, WILLIAM WYLIE Medal of Honor Rank and organization: Captain, U.S. Army, 168th Infantry, 34th Infantry Division. Place and date: At Villa Crocetta, Italy, 29 May 1944. Entered service at: Stanford, Mont. Birth: Geyser, Mont. G.O. No.: 1, 1 February 1945. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty. Capt. Galt, Battalion S3, at a particularly critical period following 2 unsuccessful attacks by his battalion, of his own volition went forward and ascertained just how critical the situation was. He volunteered, at the risk of his life, personally to lead the battalion against the objective. When the lone remaining tank destroyer refused to go forward, Capt. Galt jumped on the tank destroyer and ordered it to precede the attack. As the tank destroyer moved forward, followed by a company of riflemen, Capt. Galt manned the .30-caliber machinegun in the turret of the tank destroyer, located and directed fire on an enemy 77mm. anti-tank gun, and destroyed it. Nearing the enemy positions, Capt. Galt stood fully exposed in the turret, ceaselessly firing his machinegun and tossing hand grenades into the enemy zigzag series of trenches despite the hail of sniper and machinegun bullets ricocheting off the tank destroyer. As the tank destroyer moved, Capt. Galt so maneuvered it that 40 of the enemy were trapped in one trench. When they refused to surrender, Capt. Galt pressed the trigger of the machinegun and dispatched every one of them. A few minutes later an 88mm shell struck the tank destroyer and Capt. Galt fell mortally wounded across his machinegun. He had personally killed 40 Germans and wounded many more. Capt. Galt pitted his judgment and superb courage against overwhelming odds, exemplifying the highest measure of devotion to his country and the finest traditions of the U.S. Army. 1944 – About 400 American bombers attack German synthetic fuel works and oil refineries at Polits and other locations. The damage caused sets back aircraft fuel production. 1945 – American B-29 Superfortress bombers drop incendiaries on Yokohama, burning 85 percent of the port area. 1949-Hermosa Beach's Lighthouse starts Sunday jams and West Coast jazz is born. In the late fifties and early sixties, we would go here to see Shelly Manne, Art Pepper, Andre Previn, Jimmy Giuffree, and others. 1949---Top Hits Riders in the Sky - Vaughn Monroe Again - Doris Day Some Enchanted Evening - Perry Como Lovesick Blues - Hank Williams 1951-MORELAND, WHITT L. Medal of Honor Rank and organization: Private First Class, U.S. Marine Corps Reserve, Company C, 1st Battalion, 5th Marines, 1st Marine Division (Rein.). Place and date: Kwagch’i-Dong, Korea, 29 May 1951. Entered service at: Austin, Tex. Born: 7 March 1930, Waco, Tex. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as an intelligence scout attached to Company C, in action against enemy aggressor forces. Voluntarily accompanying a rifle platoon in a daring assault against a strongly defended enemy hill position, Pfc. Moreland delivered accurate rifle fire on the hostile emplacement and thereby aided materially in seizing the objective. After the position had been secured, he unhesitatingly led a party forward to neutralize an enemy bunker which he had observed some 400 meters beyond, and moving boldly through a fire-swept area, almost reached the hostile emplacement when the enemy launched a volley of hand grenades on his group. Quick to act despite the personal danger involved, he kicked several of the grenades off the ridge line where they exploded harmlessly and, while attempting to kick away another, slipped and fell near the deadly missile. Aware that the sputtering grenade would explode before he could regain his feet and dispose of it, he shouted a warning to his comrades, covered the missile with his body and absorbed the full blast??of the explosion, but in saving his companions from possible injury or death, was mortally wounded. His heroic initiative and valiant spirit of self-sacrifice in the face of certain death reflect the highest credit upon Pfc. Moreland and the U.S. Naval Service. He gallantly gave his life for his country. 1952-Charlies Parker opens at the Tiffany Club, Los Angeles. http://www.acns.nwu.edu/jazz/artists/parker.charlie/ http://www.geocities.com/BourbonStreet/5066/ 1953- New Zealand explorer Sir Edmund Hillary and Tensing Norgay, a Sherpa guide, became the first team to reach the summit of Mount Everest, the world's highest mountain. 1953 - A tornado, 600 yards wide at times, killed two persons on its 20 mile path from southwest of Fort Rice ND into Emmons County. Nearly every building in Fort Rice was damaged. The Catholic Church was leveled, with some pews jammed four feet into the ground. 1957---Top Hits All Shook Up - Elvis Presley Love Letters in the Sand - Pat Boone A White Sport Coat (And a Pink Carnation) - Marty Robbins Four Walls - Jim Reeves 1958- Kenny Washington Birthday http://www.drummerworld.com/drummers/Kenny_Washington.html http://www.vh1.com/artists/az/washington_kenny/bio.jhtml http://www.artistdirect.com/music/artist/bio/0,,5 07593,00.html?artist=Kenny+Washington 1959 - Herndon Stadium in Atlanta holds one of the first outdoor rock concerts, featuring Ray Charles, Jimmy Reed, and B.B. King. Nine thousand people attend. 1961 - Ricky Nelson reached the top spot on the "Billboard" singles chart with "Travelin' Man". It was Nelson's second chart-topping hit. "Poor Little Fool" made it to the top in August of 1958. http://www.ricknelson.com/ 1961-Chubby Checker wins a Grammy Award for Best Rock and Roll Recording for "Let's Twist Again" and Ray Charles is given the nod for Best Rhythm & Blues Recording for "Hit the Road Jack". 1961--Birthday of Rock'n'Roll singer Melissa Etheridge, who openly declared her lesbianism in the album, “Yes I Am” (1993). It went platinum, the same as her others. After an eight -year relationship with film editor Julie Cypher, the actual birth mother, the two had a baby girl in 1997, Bailey Jean, an event that rated huge coverage in most of the news magazines. 1962 - John (Buck) O'Neil became the first African-American coach in major-league baseball. He accepted one of the six coaching jobs with the Chicago Cubs. O'Neil had previously been a scout with the Cubs organization. The first African-American manager of a major league team was Frank Robinson, who was hired by the Cleveland Indians as player-manager on October 3, 1974. As in perhaps the great majority of the sports, while many African-American players, there are in proportion few African American coaches. http://www.annonline.com/interviews/960715/biography.html http://www.blackbaseball.com/books/iwasright.htm 1965---Top Hits Help Me, Rhonda - The Beach Boys Back in My Arms Again - The Supremes Wooly Bully - Sam The Sham and The Pharoahs Girl on the Billboard - Del Reeves 1965 - Ralph Boston set a world record in the broad jump at 27-feet, 4-3/4 inches, at a meet held in Modesto, CA. http://www.modestorelays.org/home/history.html 1965-"Help Me Rhonda", featuring the lead vocals of rhythm guitarist Al Jardine, became The Beach Boys’ second Billboard chart topper. 1968-The Chambers Brothers appearing at Fillmore Auditorium. Hear this concert is free, but you will need to register. http://concerts.wolfgangsvault.com/dt/the-chambers-brothers-concert/462-7230.html 1970 - Mike Cuellar of Baltimore became one of just 11 major-league hurlers since 1900 to strike out four batters in one inning -- because the catcher dropped the third strike of the third out. 1971 - Three dozen audiences members attending today's Grateful Dead show at San Francisco's Winterland Ballroom are treated for hallucinations after drinking apple juice purposefully spiked with LSD (some say by the band themselves). * Presidents killed by their doctors: ------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? http://leasingnews.org/Soduku/soduko-main.htm
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