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Administration Manager
Five Point Capital, a well established and growth oriented commercial equipment financing company, is seeking an Administration Manager to lead its Funding and Documentation departments. Seeking those with 5+ years management experience and skilled at leading, mentoring and retaining employees. Small ticket funding experience a plus. Proven ability to maintain and enhance lessor/funder relationships.
Location: San Diego, CA. Send resume and salary history to: HR@FivePointCapital.com
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Monday, November 7, 2005
Headlines---
One Leasing Company Reveals Katrina Hurricane Costs
Classified ---Other Employer-Employee Leasing Sites
"Funder?" or "Funder Only?" -Reader Has a Point
Centennial Bank joins Funder List
Classified Ads---Help Wanted
Oregon Abuzz re: QuikTrak Exec. Expose
10,629 NorVergence Leases in Contention
So You Want to Do Business in China?
News Briefs---
You May Have Missed
Sports Briefs---
California Nuts Briefs--
"Gimme that Wine"
Today's Top Event in History
This Day in American History
American Football Poem
######## surrounding the article denotes it is a "press release"
One Leasing Company Reveals Katrina Hurricane Costs
In September, the Equipment Leasing Association ELA Monthly Leasing Index new business volume increased from Augusts' $4.28 billion to $5.06 billion, representing an 18.1 percent increase.
This is also the highest reported amount of new business volume for any month this year, it was reported. Among the participants was
Marlin Leasing:
ELA Monthly Leasing Index Participants
ADP Credit Corporation
Amsouth Leasing Corporation
Bank of America
Caterpillar Financial Services Corporation
CIT
De Lage Landen Financial Services
First American Equipment Finance
GreatAmerica Leasing
Hitachi Credit America Corp.
HP Financial Services
John Deere Credit Corporation
Key Equipment Finance
LaSalle National Leasing Corporation
Marlin Leasing Corporation
RBS Asset Finance
Siemens Financial Services
U.S. Bancorp Leasing & Financial
Verizon Capital Corporation
Wells Fargo Equipment Finance
Marin Business Services, Mount Laurel, New Jersey, states its third quarter income, ending September 30, 2005, was $3.4 million, "consistent with net income of $3.4 million for the same period in 2004."
Factoring in Hurricane Katrina, the company stated, "Excluding the impact of Hurricane Katrina, net income for the quarter ended September 30, 2005 would have been $4.2 million, or a 23.6% increase over the $3.4 million of net income reported for the quarter ended September 30, 2004.
As Rosanne Rosannadana would say, "One company did very well, and the other did not do as well. If you put one man's leg in the middle of a fire, and the other in an ice bucket, on the average, he would be comfortable. You know, if it isn't one thing, it's another ."
On a more serious note, it should be pointed out, "For the nine months ended September 30, 2005 net income was $11.9 million compared to $9.9 million for the same period in 2004."
The company has experienced "controlled" growth, keeping to its original premise of vendor qualifications, strong policy on "sub-broker" business, and an efficient backroom that handles lease contracts down to $1,000, plus a mix of direct sales, vendor development, plus professional broker relationships.
Stock Performance continues up for Marlin Leasing:
http://www.snl.com/interactive/ir/corp.asp?iid=4089372
Full press release at:
http://www.snl.com/interactive/ir/file.asp?IID=4089372&FID=1979065&OSID=9
Trend Analysis:
http://www.snl.com/irweblinkx/sptrend.aspx?annual=0&IID=4089372
[headlines]
--------------------------------------------------------------
Classified ---Other Employer-Employee Leasing Sites
www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.BayJobs.com
www.careerbank.com
www.careerpath.com
www.craigslist.org (available in many cities now, use scroll feature)
www.elaonline.com
www.goldenparachute.com
www.Headhunter.net
www.hotjobs.com
www.jobs.net
www.JobSpin.com
www.jobsinthemoney.com
www.lessors.com
www.MarketingJobs.com
www.monitordaily.com
www.monster.com
www.Postonce.com
www.RecruiterConnection.com
www.resumeblaster.com
www.vetjobs.com
www.worktree.com
The above is a collection with many originally sent to us by those seeking employment, plus employers who have found them successful, particularly for their regional area.
Human Resource Departments have many tools, often with a limited budget, to both find the employee ( and retain them.)
Those seeking employment need to develop their own resources, including professional recruiters, and as important, go on job interviews, even if they think they will not or do not want the specific assignment offered. Practice is very important as often it is not what you can do, but what the employer thinks you can and cannot do. Perception is very important.
You must become an actor to present the work side of your personality.
When I first landed a job at KFRC News radio in San Francisco in 1963, my father's advice, "Start looking for another job." I started in the mail room and worked my way up to News Editor with this ethic, doing the best I could, contributing ideas, getting along with everyone, staying out of office politics, doing favors for other departments, working longer hours than others, but keeping an oar in the water to go somewhere else through the nine management changes (I was the only one in the news room to survive the nine changes, by the way.)
Kit Menkin, Editor
For a full listing of all "job wanted" ads, please go to:
http://216.66.242.252/AL/LeasingNews/JobPostings.htm
To place a free "job wanted" ad, please go to:
http://216.66.242.252/AL/LeasingNews/PostingForm.asp
[headlines]
--------------------------------------------------------------
"Funder?" or "Funder Only?" -Reader Has a Point
"I hope all is well for you and your family. I continue to enjoy what you do for our industry. Keep up the good work!
I am writing to comment about your "Funder Only" list as it is misleading; considering most of these folks also do direct business as they note on your form.
I just interviewed a vendor that works with ******. The vendor indicated that they found them as a result of working with other brokers, and then found that they could go direct. While I have nothing against *****, and I may very well do business with them, the broker community should not be falsely comforted by your "titles". It is also happens with *****..These are not true funding sources, when they tell me that they just bulk fund with ******* or some other funding source and make a spread. These are "superbrokers" in new stripes.
This is not a good trend, and it is spreading around the country over the past year. Please consider a change to better reflect what these people and companies are really doing. I did not write this to be quoted, but if you believe that it has merit, please do not use my name, as my comments are more toward how you choose to label them and promote them. You and I both know that once these folks do a deal for a vendor or lessee, it is open season on who owns either customer. Funder Only means Funder Only (on this coast anyway)
Be well,
( Name With Held )
(Actually, this is a very good point. Leasing News has now changed the title to "Funder" instead of "Funder Only." The definition to make the list is 50% of the business is funded by the party itself, and the "Funder Only" is evidently misleading to this reader ( and perhaps to others.)
In each of the companies we add to all on the list, I check out BBB, our own records, and personally speak to their banker.
In a recent case, I spoke to the ****** banker who has funded them for many years. Leasing News has changed the title to "Funder" instead of "Funder Only" at your suggestion. The definition to make the list is 50% of the business is funded by the party itself, and the "Funder Only" is evidently misleading to you ( and perhaps to others.)
In each of the companies we add to all on the list, I check out BBB, our own records, and personally speak to their banker.
In a recent case, while generally I have a short conversation for confirmation, this particulary one was over ten minutes as the banker told me the entire history, volume, how they work, with just one question. He was very proud of "his" account. What he told me will remain confidential.
I would also like to add there have been conflicts with funders having their own separate "departments," such as for vendors, outside salesmen--as you know from your days at ( at a company that also had a direct sales force).Sometimes they even have separate companies, but share the same facilities. One of the reason we have this category on the list.
The question of what is a "super broker" is the specific reason why we started these lists ( by the way, only one "super broker" has made it to the list, the others that requested were disqualified.) Everyone sells off portfolio's or leases, even GE Capital. Bank of the West does it all the time, and so do many other banks. Being a lessor-broker myself for over 34 years, I can tell you all the notices we have gotten from banks that they have "re-sold" the lease are many.
Nevertheless, I appreciate your comments and Leasing News has changed the name of the category, plus given it further definition. By the way, listings are "free." Editor
[headlines]
--------------------------------------------------------------
Centennial Bank joins Funder List
Funder - Update
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
Rank |
Name
In Business Since
Contact
Website
Leasing Association |
Employees |
Geo
Area |
Dollar
Amount |
Equipment Restrictions |
A |
B |
C |
D |
E |
13
|
|
5 in leasing department
(50 in bank division) |
48 States |
$15,000 - 1.8 million
Typically
$100,000 - 1.8 million
|
Aircraft, marine, over the road trucks and trailers, restaurants |
Y |
N |
N |
N |
N |
(M) Centennial Bank - Prompt service, quick review, new & use equipment. No outside sales force - "Brokers Preferred." Brokers must be approved.
To view the complete list, please click here.
To view full list:
http://www.leasingnews.org/Funders_Only/Funders.htm
[headlines]
--------------------------------------------------------------
Classified Ads---Help Wanted
Administration Manager
|
Administration Manager
Five Point Capital, a well established and growth oriented commercial equipment financing company, is seeking an Administration Manager to lead its Funding and Documentation departments. Seeking those with 5+ years management experience and skilled at leading, mentoring and retaining employees. Small ticket funding experience a plus. Proven ability to maintain and enhance lessor/funder relationships.
Location: San Diego, CA. Send resume and salary history to: HR@FivePointCapital.com
|
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Leasing Sales Manager
|
Leasing Sales Manager
Develop & lead sales force in a fast track
company. Our phenomenal growth provides this great opportunity, 5+ years exper. working w/brokers. Relocate to beautiful
San Antonio, Texas. resumes@swcreditlender.com
|
|
National Account Manager
|
Truck/Trailer Industry
National Account Manager
5+ year proven track record, located in either Texas or upper Mid-West markets,
estab. relationships to produce min. $750k
a month, for more information, click here.
To apply click here.
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These ads were designed by Maria-Martinez Wong. Let her construct and design your ad with the goal to keep your costs down.
maria@leasingnews.org
[headlines]
-------------------------------------------------------------
Oregon Abuzz re: QuikTrak Exec. Expose
Matt Hennessee, President and CEO of Quicktrak, Beaverton, Oregon, also an active pastor, civic leader, was accused of sex abuse in the "Oregonian" newspaper.
Matt Hennessee
In April, 2003, The "Oregonian" praised him:
"Since 1999, Hennessee has been president and chief executive officer of QuikTrak, a growing Lake Oswego technology company that deals in a little known corner of finance called asset verification. He is one of the few African American chief executives in the tech world.
"He is not the average Portland small-business manager. The week before the Sept. 11 terrorist attacks, for example, he found himself escorting Rice, the president's national security adviser, to a White House dinner in honor of Mexico's President Vicente Fox. He has known Rice since 1998, when she gave the commencement speech at Westmont College, a Christian college in Santa Barbara, Calif., of which he is a board member."
http://www.leasingnews.org/archives/April%202003/4_18_03.htm#rev
Today, a full expose shows another side
http://leasingnews.org/PDF/Civic_leader.pdf
Leasing News attempted to reach Mr. Hennessee or a spokesperson for Quiktrak, but none of the telephone calls were returned.
[headlines]
-------------------------------------------------------------
10,629 NorVergence Leases in Contention
US Express Settles for 85% NorVergence Leases Forty customers, totaling $1.7 million, of US Express were offered 85% settlement of "equipment rental agreement" last week.
Allegedly 1,371 NorVergence lessees to date have been offered settlements, out of an original estimated 12,000. This does not include the FTC win of $47 million dollars of "uncommitted" signed leases, with claims against the receivables, assets, held by the NorVergence Corporation in bankruptcy and claimed by several leasing companies as "additional collateral" for their defaulted leases. No count of leases were given, according to Leasing News Research, and it should be noted the 12,000 leases was given to the Bankruptcy judge from the officers of the NorVergence Corporation at the time of filing. It also should be noted there is a 1450 member class action suit. The remainders of the alleged 12,000 leases appear to be in individual litigation with the first issue "venue," which is being overturned in most court districts.
Leasing News is attempting to find out from the 28 attorneys general Offices and District of Columbia actually what the "real number" is who have taken the settlement offered.
Illinois Attorney General Lisa Madigan said the latest settlement agreement could provide more than $160,000 in debt forgiveness to four Illinois small businesses located in Cook and Kane Counties.
Illinois was joined by the Attorneys General from California, Colorado, Connecticut, Georgia, Kansas, Maryland, Massachusetts, Michigan, North Carolina, Pennsylvania and South Dakota in reaching an agreement with New Jersey-based US Express Leasing, Inc. The settlement was reached in connection with collection agreements the leasing company holds regarding NorVergence, Inc.
Impacted consumers and businesses may choose or decline to participate in the settlement agreement. If all affected consumers in the participating states accept the deal, US Express will write off approximately $1.59 million in debt for 40 small businesses.
Earlier this year, Madigan and Attorneys General from across the country announced similar agreements with GE Capital, US Bancorp, Wells Fargo, CIT Technology and De Lage Landen Financial Services. Those leasing companies agreed to write off more than $27.7 million they claimed to be owed by 1,371 NorVergence customers, including more than $6.89 million owed by 341 Illinois customers.
"With each additional settlement reached with a leasing agency - whether big or small - additional small business owners are provided relief from the collection hassles they have experienced since NorVergence declared bankruptcy last year," Madigan said.
From the Illinois AG Madigan's press release:
"Under the settlement agreements, US Express - which either through direct contracts with NorVergence customers or through other third-party companies bought out rental agreements between NorVergence and its customers - has agreed to write off or forgive a combined $1.59 million the company claimed to be owed by 40 NorVergence customers from the states represented in the agreements, including $160,000 owed by four Illinois consumers.
"While US Express denies any wrongdoing, it has agreed to forgive approximately 85 percent of the debt the company claims consumers owe on rental agreements as of July 15, 2004, and provide up to two years for customers to pay any remaining balances.
"The settlement agreements provide that small businesses that have not previously reached independent settlement agreements with the leasing companies will have the opportunity to receive an 85 percent write-off of the money owed from the period beginning on July 15, 2004, the approximate date that NorVergence ceased providing services. Consumers who have made payments to US Express since July 15, 2004, will receive credit for those payments toward their remaining balance. In addition, any customer that previously settled with US Express for terms that are less favorable than this settlement can choose to receive the more favorable settlement terms.
"All Illinois consumers who signed agreements with NorVergence that were bought by US Express will receive a notice in the mail shortly regarding the opportunity to participate in this settlement. To accept the settlement offer, consumers must follow instructions contained in the notice and execute a Settlement and Mutual Release by the date indicated in the notice."
[headlines]
-------------------------------------------------------------
So You Want to Do Business in China?
Optimism is growing to do business in China, according to the Equipment Leasing and Finance Foundation, so they have released a "white paper" on the growing marketplace for lessors and others in the leasing industry.
http://leasingnews.org/PDF/ELFF_China.pdf
[headlines]
---------------------------------------------------------------
News Briefs----
US mandates more security in online banking
http://www.boston.com/business/articles/2005/11/07/
us_mandates_more_security_in_online_banking/
Saying Goodbye California Sun, Hello Midwest
http://www.nytimes.com/2005/11/07/business/07move.html
Just Googling It Is Striking Fear into Companies
http://www.nytimes.com/2005/11/06/technology/06google.html?incamp=article_popular_1
[headlines]
---------------------------------------------------------------
You May Have Missed
Generation Y: They've arrived at work with a new attitude
http://www.usatoday.com/money/workplace/2005-11-06-gen-y_x.htm
[headlines]
---------------------------------------------------------------
Sports Briefs----
Owens involved in fight with Hugh Douglas
http://msn.foxsports.com/nfl/story/5058678
[headlines]
----------------------------------------------------------------
California News Briefs---
Beatty crashes governor's party
Union leaders join Hollywood Democrat, dogging Schwarzenegger through Southern California on governor's final push to pump life into his four propositions
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/11/06/MNGE0FJU6I1.DTL
Governor accuses his foes of scare tactics
They butt heads on election -- opponents say it's unwanted
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/11/07/CAMPAIGN.TMP
[headlines]
----------------------------------------------------------------
"Gimme that Wine"
UPS Supply Chain Solutions to Deliver 700,000 Bottles of Beaujolais Nouveau to Japan
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=
news_view&newsId=20051103005781&newsLang=en
St. Vincent de Paul wines to help local people in need
http://www.napavalleyregister.com/articles/2005/11/03/features/
food_and_wine/iq_3149565.txt
4 restaurants earn 3 stars in first NYC Michelin guide
http://www.nydailynews.com/front/breaking_news/story/361358p-307835c.html
[headlines]
----------------------------------------------------------------
Today's Top Event in History
1847- Lotta Crabtree birthday, taught by the legendary Lola Montez, she was the rage of the English and American stage, leaving a fortune of $4 million. Lotta's Fountain, an ornate drinking fountain which miraculously survived the 1906 San Francisco earthquake, still stands at Market Street near Kearny; her gift to a city she always loved and returned to frequently.
http://www.sfmuseum.org/bio/lotta.html
http://www.standingstones.com/crabtree.html
http://www.ncgold.com/History/LottaCrabtree/lotta.html
[headlines]
----------------------------------------------------------------
This Day in American History
1637 - Anne Hutchinson, the first female religious leader in the American colonies, was banished from the Massachusetts Bay Colony for heresy, preaching that fait alone was sufficient for salvation, a belief that contradicted Puritan orthodoxy. She was condemned by an ecclesiastical synod at Newton, Mass, and fled to Rhode Island. She and her family were later massacred by Indians in the wild, "untamed" part of New England.
http://www.annehutchinson.com/
http://www.forerunner.com/forerunner/X0193_Anne_Hutchinson.html
http://www.buy.com/retail/product.asp?sku=33955947
1700-The population of the colonies was sparsely scattered over the large area. Below the Delaware River an isolated farm was the usual settlement, save for Charleston, which had about 250 families. Philadelphia had approximately 700 houses. New York about 5000 inhabitants. Newport less than 200, and Boston, the largest city, about 7000. There were approximately 275,000 inhabitants n the colonies. In 1701, the naming of streets was authorized by the Boston Town Meeting. Previously, only Newport and Philadelphia had officially assigned street names. At the end of seven years 109 names were submitted for ratification.
1811 - William Henry Harrison, commander of 800 U.S. soldiers fighting marauding Indians organized by Tecumseh, beat off a surprise attack led by Tecumseh's brother Tenskwatawa, called the Prophet, at Tippecannoe River in north central Indiana. The toll of U.S. soldiers was 61 dead, 127 wounded. Subsequently, Harrison's troops destroyed the Indian confederacy. Tecumseh and many of his followers crossed over into Canada and joined British forces in the War of 1812. The fame for this feat later helps him gain the U.S. presidency.
1837 - United States abolitionist Elijah Lovejoy was attacked and killed by a pro- slavery mob at his printing works in Alton, Illinois.
http://memory.loc.gov/ammem/today/nov07.html
1845-The first presidential voting nationwide took place. January 23,1845, "an act to establish a uniform time for holding elections for electors of President and Vice President in all the states of the Union." The day selected for voting was "the Tuesday next after the first Monday in the month of November of the year in which they are to be appointed." Zachary Taylor was elected president of the United States. Millard Fillmore was elected vice president. The electoral vote was Taylor, 163, Lewis Cass, Democratic candidate, 127. The popular vote was Taylor, 1,370,101: Cass, 1,220,544: Martin Van Buren, Free-Soil and Barnburners candidate, 291,263. Taylor, the second and last Whig president, died after 16 months in office. He died of cholera at the age of 55. Vice-President Millard Fillmore was sworn in on July 10,1850, as the 13 th president of the United States.
1847- Lotta Crabtree birthday, taught by the legendary Lola Montez, she was the rage of the English and American stage, leaving a fortune of $4 million. Lotta's Fountain, an ornate drinking fountain which miraculously survived the 1906 San Francisco earthquake, still stands at Market Street near Kearny; her gift to a city she always loved and returned to frequently.
http://www.sfmuseum.org/bio/lotta.html
http://www.standingstones.com/crabtree.html
http://www.ncgold.com/History/LottaCrabtree/lotta.html
1874 - The Republican Party elephant was born on this date. It was created by Thomas Nast's political cartoon in Harper's Weekly, attacking a possible third term for Republican President Ulysses S. Grant.
1876 - Albert H. Hook of New York City patented the cigarette manufacturing machine.
1876-The presidential election gave Samuel J. Tilden, the Democratic candidate, a popular vote plurality of 250,000, but Republicans refused to concede on the grounds that returns from Florida, Louisiana, South Carolina, and Oregon were in dispute. Hayes needed the electoral votes of those states to win. On December 6 two different sets of electoral returns were reported from the four states. The electoral vote ultimately was determined by a special 15-member electoral commission. The nation had never faced a dispute over the results of a presidential election. The commission was divided by party lines, and deals were made it was said, as Rutherford B. Hayes, received 185 electoral votes to Tilden's 184. Historians' state Hayes made a bargain with Southern Democrats. It is recorded the new president showed a conciliatory attitude toward the South: the last federal troops were withdrawn and there was no further effort to protect the rights of blacks. Reconstruction was over.
1885-At 9:30 AM the last spike was driven at Craigellachie, British Columbia, completing the Canadian Pacific Railway's 2,980-mile transcontinental railroad track between Montreal, Quebec, in the east and Port Moody, British Columbia, in the west.
1889- Montana becomes the 41st state.
1893 - The state of Colorado granted women residents the right to vote.
1916 - Woodrow Wilson, 28th U.S. President, was reelected. The outcome of the election was one of the few in U.S. history that hinged on foreign affairs. Europe was fighting a world war, and so far, President Wilson had kept the U.S. neutral. Running with the slogan, "He Kept Us Out of War," Wilson was re-elected by a narrow margin. The very next year, Wilson's neutrality in the European war ended. The Germans refused to curtail their submarine warfare after 120 Americans were killed aboard the British liner, Lusitania. Congress voted overwhelmingly to go to war and Wilson proclaimed American entrance into World War I a crusade to make the world "safe for democracy." Thomas R. Marshall was reelected vice president. The election was so close that the outcome was uncertain for three days, when it became clear that Wilson had carried California, but by fewer than 4000 votes. The electoral vote was Wilson, 277: Charles Evans Hughes, Republican candidate, 254. The popular vote was Wilson, 9,128,837: Hughes 8,536,380. In congressional elections the Democrats lost three seats in the Senate but maintained a 53-42 majority, with one seat going to a minor party. In the House the Democrats again narrowed their majority over the Republicans, 216-210, with six seats held by minor parties.
1917- Bassist Howard Rumsey born, Brawley, CA.
http://www.theiceberg.com/artist.html?artist_id=25384
http://members.tripod.com/~hardbop/rumsey.html
1918-Birthday of evangelist Billy Graham
http://www.billygraham.org/mediaRelations/bios.asp?p=1
1922-New Orleans trumpet player Al Hirt birthday
http://www.epluri.com/NOTfolder/Acts/AlHirtFolder/AlHirtSalute.html
1929 - The Museum of Modern Art in New York City was opened to the public.
1930 - Wayne King recorded what would become his theme song, "The Waltz You Save for Me", on Victor records.
1932 - CBS radio first aired "Buck Rogers in the 25th Century". Between 1932 to 1947, Matt Crowley, Curtis Arnall, Carl Frank and John Larkin played Buck over the years.
1937- Mary Travers birthday, author, composer, singer, of Peter, Paul, and Mary fame.
http://www.bellenet.com/travers.html
http://www.swinginchicks.com/mary_travers.htm
1940-Duke Ellington records at Crystal Ballroom, Fargo, ND.
1940 - 'Galloping Gertie' Bridge at Tacoma, WA collapsed in winds of only gale force, resulting in a $6 million loss. The bridge opened 4 weeks early. The winds caused the evenly spaced spans of the bridge to vibrate until the central one finally collapsed. From that time on, bridges were constructed with spans of varying length.
1943-Folk singer Joni Mitchell born Fort Macleod, Alberta, Canada
http://www.jonimitchell.com/Frames1.html
1943 - Early snowstorm from South Dakota to Minnesota and Wisconsin. 22 inches fell at Faribault and Marshall, MN, 20 inches at Redwood Falls, MN and 10.1 inches at Minneapolis, MN. Snow drifts 15 feet high were reported in Cottonwood County. Up to 2 feet of snow fell in eastern South Dakota smothering a million thanksgiving turkeys
1944- President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term. Harry S. Truman was elected vice-president. The electoral vote was Roosevelt, 432: Gov. Thomas E. Dewey, Republican, 99. The popular vote was Roosevelt 25,602,504, Dewey 22,006,285. In congressional elections the Democrats lost two senate seats but held a 56-38 majority. In the House, they gained 24 seats for a 242-190 lead, with two seats held by minor parties.
1946-Top Hits
Five Minutes More - Frank Sinatra
South America, Take It Away - Bing Crosby & The Andrews Sisters
You Keep Coming Back like a Song - Dinah Shore
Divorce Me C.O.D. - Merle Travis
1954- "Face the Nation" premiered on TV. The CBS counterpart to NBC's "Meet the Press," this show employed a similar format: panelists interviewed a well-known guest. In 1983 the panel was changed to include experts in addition to journalists when Lesley Stahl succeeded George Herman as moderator. Though usually produced at Washington, DC, the show occasionally interviewed people elsewhere (such as Khrushchev in Moscow in 1957).
1950- Voters in the United States Hawaii Territory ratified a state constitution, a major step in becoming the 50 th state on August 21, 1959.
(Lower half: http://memory.loc.gov/ammem/today/nov07.html)
1962- Richard M. Nixon, having been narrowly defeated in his bid for the presidency by John F. Kennedy in the 1960 election, returned to politics two years later as a candidate for governor of California in the election of Nov 6, 1962. Defeated again (this time by incumbent governor Edmund G. Brown, who built the public university and college system in California), Nixon held his "last" press conference with assembled reporters in Los Angeles at mid-morning the next day at which he said: ". Just think how much you're going to be missing. You won't have Nixon to kick around any more, because, gentlemen, this is my last press conference.'
1954-Top Hits
I Need You Now - Eddie Fisher
This Ole House - Rosemary Clooney
Papa Loves Mambo - Perry Como
More and More - Webb Pierce
1956 - Elvis Presley hit the charts with "Love Me", the first million-seller to chart without being a single. It was an EP (extended play) 45 rpm, with three other songs: "Rip It Up", "Paralyzed" and "When My Blue Moon Turns to Gold Again" all on RCA Victor.
1962-Top Hits
He's a Rebel - The Crystals
Only Love Can Break a Heart - Gene Pitney
All Alone Am I - Brenda Lee
Mama Sang a Song - Bill Anderson
1963 - New York Yankee Elston Howard, was named the American League's Most Valuable Player making him the first black player to receive the award.
1964-The Braves, for the second time in eleven years, receive permission to shift their franchise to another city. Hank Aaron and company will move from Milwaukee to Atlanta after the 1965 season.
1967- The first mayor of a major city who was African-America was Carl Stokes, a Democrat, elected this day by the citizens of Cleveland, OH.
1970-Top Hits
I'll Be There - The Jackson 5
We've Only Just Begun - Carpenters
Fire and Rain - James Taylor
I Can't Believe That You've Stopped Loving Me - Charley Pride
1972 - United States President Richard Nixon was re-elected for a second term, in the greatest Republican landslide, defeating Democrat George McGovern. He became the first president to resign office. Spiro T. Agnew was reelected vice president. The electoral vote was Nixon, 521: Sen. George S. McGovern, Democrat, 17. The popular vote was Nixon 45,767,218: McGovern 28,357,668. The Democrats picked up two Senate seats for a 57-43 majority. The Republicans gained 13 seats in the House, but the Democrats still led 255-179, with one seat going to an independent.
1973 - New Jersey became the first state in the United States that allowed girls to play on Little League baseball teams.
1976 - Gone With the Wind was aired (over two nights) on NBC-TV. The showing was the highest-rated TV show in history. 65 percent of all viewers turned on their sets to watch Scarlet O'Hara and Rhett Butler.
1978-Top Hits
You Needed Me - Anne Murray
MacArthur Park - Donna Summer
Double Vision - Foreigner
Sleeping Single in a Double Bed - Barbara Mandrell
1979 - The Rose, starring Bette Midler, got star treatment with a world premiere in Los Angeles. The movie was modeled after the life of Janis Joplin.
1981- "Private Eyes" by Daryl Hall & John Oates topped the charts and stayed there for 2 weeks.
1985- Former middleweight boxer Rubin "Hurricane" Carter was released from Rahway (NY) State Prison after serving 19 years for a triple murder committed in a Paterson, NJ, bar in 1966. US District Court Judge J. Lee Sorokin ruled that prosecution had violated the civil rights of Carter and a codefendant during their trials in 1967 and 1976. Denzel Washington starred in a movie about his life.
1986 - Temperatures reached a daily record 86 at New Orleans, LA. It equaled the highest ever for November
1986 - The longest high school football winning streak to date ended. Canyon High, of Canyon Country, California, lost to Antelope Valley High 21-20. Canyon High racked up 46 consecutive wins before this.
1986-Top Hits
True Colors - Cyndi Lauper
Typical Male - Tina Turner
I Didn't Mean to Turn You On - Robert Palmer
It'll Be Me - Exile
1987-I Think We're Alone Now" by Tiffany topped the charts and stayed there for 2 weeks.
1987 - Bruce Springsteen's "Tunnel of Love" was the #1 album in the U.S. The rest of the top-five for the week: 2)-"Bad" (Michael Jackson); 3)-"Dirty Dancing" (soundtrack); 4)-"Whitesnake" (Whitesnake); 5)-"A Memory Lapse of Reason" (Pink Floyd).
1989-L. Douglas Wilder was elected governor of Virginia, becoming the first elected black governor in US history. Wilder had previously served as lieutenant governor of Virginia.
1989 - Judge Douglas H. Ginsburg asked President Reagan to withdraw his nomination to the United States Supreme Court, citing the clamor that arose over Ginsburg's admission that he had smoked marijuana on occasion. President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term.
1989- The first Mayor of New York City was African-America was David N. Dinkins, 63, the Manhattan borough president, who was elected this day as a Democrat. He served one term. He was defeated in his 1993 bid for reelection by Republican candidate Rudolph Giuliani, whom he had beaten in 1989.
1989 - Shortly after daybreak, strong thunderstorms developed in an east-west band across New Orleans and southeastern LA. Rains of 8 to 12 inches deluged a 5 county area from 9 am and 6 pm. The two-day total ending 7 am on the 8th ranged up to 19.78 inches between Lake Lexy and Lake Borgne. 6000 homes reported water damage. The rainfall of 19.81 inches at New Orleans for the month was a record for any month.
1991- Ervin "Magic"Johnson of the Los Angeles Lakers retires from basketball after announcing that he had tested positive for HIV. Despite his retirement, Johnson played in the 1992 NBA All-Star game and in the 1992 Olympics as a member of the first US Dream Team. He coached the Lakers for part of the 1993-94 season and played part of the 1995-96 season before retiring again.
1994 - "The Electrical Engineering Times" ran a cover story about flaws in Intel's Pentium computer chip. The bug, an obscure flaw that caused extremely rare computation errors when performing certain types of mathematical calculations, eventually caused Intel to replace any Pentium processor affected by the flaw, regardless of whether the user was a mathematician or not. Intel took a $475 million charge against earnings for the quarter to cover the expense of replacing all of those chips.
1998 - Mayor Willie Brown was hit with 3 pastry pies by the Biotic Baking Brigade in protest for "skyrocketing evictions" and his "collusion with big business to perform an economic cleansing of SF." In Feb 1999 Gerard Livernois, Rahula Janowski and Justin Gross were sentenced to 6 months in County Jail for battery after the 3 refused to accept 3 years probation.
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American Football Poem
Hey nonny no!
Men are fools that wish to die!
Is't not fine to dance and sing
When the bells of death do ring?
Is't not fine to swim in wine,
And turn upon the toe
And sing hey nonny no,
When the winds blow and the seas flow?
Hey nonny no!
-Anonymous (17th century)-
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