Welcome New Readers

We welcome new readers to join our mailing list. The purpose is to be notified that there is a new edition posted. The e-mail points out the “headline” news in the edition. Often we send out “extra’s,” when a newsworthy event occurs we think readers should learn about right away.

Leasing News generally appears Monday-Wednesday-Friday, unless there is a national holiday, or when there is not enough bank, finance, leasing news and then the edition is usually Tuesday-Thursday of the week.

2/3rds of our readers "bookmark" Leasing News and go direct to the web site seven days a week (By the way, all mail editions connect direct to the web site.)

Leasing News does have readers in other countries. One of the reasons we go to press about 1am US East Coast time is to reach not only the East Coast, but also as far away as India where the business day has not ended. Normally newspapers also go to press by 9pm, which gives time to scour over 50 printed newspapers and other sources to bring up the most current "news briefs" and other information that follow Leasing News headlines.

We encourage you to invite colleagues to subscribe. We are free.

Christopher "Kit" Menkin, editon

kitmenkin@leasingnews.org

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Classified Ads---Collections

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

Long Grove, Illinois 17+ years Comdisco, accounts receivable, collections, customer service, plus senior management, seeking full time or part time assignment. 847-726-1883roborgaard@aol.com | Resume

Port St Lucie, FL 20+ yrs exp. commercial collection/late stage specialist.  Prefer to work from home based office or transfer to Sarasota areamichaelgalan@comcast.net | Resume

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

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

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Section 179—If Delivered this year, Not too late

If there is any question on whether to wait until next year or now, a major deciding factor to be considered is a Section 179 and/or Bonus Depreciation with an Equipment Lease may be the most profitable decision for your business this year. With one month payment it is possible to exceed your cash outlay for 2012 when you combine (i) a properly structured Equipment Lease or Equipment Finance Agreement with (ii) a full Section 179 deduction.

Section 179 Deduction is available for most new and used capital equipment, and also includes certain software. Revenue Ruling 179 plus bonus depreciation are both slated to expire on December 31, 2012. This means that all equipment purchases in 2013 will only have Modified Accelerated Cost Recovery System (MACRS) established in 1986 for capital recovery purposes.

Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if a company buys (or leases with a bargain purchase option) a piece of qualifying equipment, it can deduct the FULL PURCHASE PRICE from gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Here is more detailed information:
http://www.section179.org/section_179_deduction.html

Section 179 Calculator:
http://www.crestcapital.com/tax_deduction_calculator

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Take Your Banker to Lunch

I first wrote about this in the early 1970's, writing a weekly column for over 20 local, business, and trade publications about Silicon Valley, California, from for my involvement in leasing to clients here and then banking, being a founding director of a successful regional bank and on several bank advisory boards. I think taking our banker to lunch is as important today as it was when I first suggested it.

While the industry has dramatically changed in product and personnel, the same dynamics do exist. Yes, the Citibank influence has changed to local managers not approving much in auto's, consumer, finance, equipment, and all going to "call centers," and many of the five banks appear to have revolving chairs at the branches (including tells and operations people), there are community banks and regional banks, as well as the "Top Twenty" banks where you can make business friends (sometimes personal friends).

It is a two way street, as no matter your role in your company, you may be able to refer them business and they do likewise. In addition, to stay ahead of what is happening or what you each can learn from each other is very important.

I know everyone likes to “text” or “read” what is going on via their portable television set (that's what a digital phone basically is with news casts, plus a live "library.") Don't abandon it, and as well, don't abandon the human contact with your bank.

The experience and knowledge of your banker can be very helpful to you as an entrepreneur, a salesman, an officer of your company.

If you are a customer of your bank, start there. Everyone generally has lunch and that is a time of the day your banker may have available.

I also believe in joining your local chamber of commerce, a local charity or service group, as well as a leasing or other business association group. Maybe your business comes from all over the United States or a niche, but you are missing growth in your career by not getting involved locally in the greater community where you live and work.

Christopher “Kit” Menkin

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Meridian Finance Group Looking Brokers for Europe Biz

“With a combined GDP larger than the USA, Europe remains a huge market for US equipment manufacturers even as the economic crisis in the euro-zone continues to unfold. Cross-border equipment financing is still available for creditworthy deals, but we’re closely monitoring developments all over Europe."

“Europe’s contracting economic activity and growing unemployment are raising questions about the future of the euro. Survival of the currency union may require unprecedented European cooperation: euro-bonds, pan-European deposit insurance, and—most challenging—more centralized fiscal controls.

“Germany has the largest economy in Europe and the fourth largest in the world, but the euro-zone crisis threatens Germany’s fiscal and political stability. Saving the currency may involve instituting domestic policies that would be very unpopular. GDP is flat with limited prospects for imminent growth.

“France is Europe’s second largest economy and the fifth largest worldwide. While agriculture and tourism remain strong sectors, industry is flagging vs. competition from other countries. French banks are exposed in troubled euro-zone countries. Public debt continues to grow, as does the budget deficit.

“The UK refused to adopt the euro currency, which has insulated it somewhat from the continent’s woes. But euro-zone developments threaten widespread impacts on UK exports, fiscal stimulus, and deficit reduction. The UK has the third largest economy in Europe. Its GDP ranks seventh worldwide.

“Italy is the eighth largest economy in the world and the third largest using the euro, but its GDP is shrinking amid a deepening recession. Its government is divided and austerity measures have been unpopular and ineffective. Italy’s foreign debt exceeds that of Greece, Ireland, and Portugal combined.

“Spain has the euro-zone’s fourth largest economy and the 12th largest worldwide, but unemployment is very high and debts continue to rise. Stimulus/austerity programs have failed to reverse the downward trend. Assistance to the banking sector may evolve into a full-fledged European bailout of Spain.

“Other troubled euro-zone economies: Greece faces deep recession, civil unrest, and a growing likelihood of abandoning the euro. Portugal is attempting tough reforms as conditions of EU/ECB/IMF bailouts. Ireland is holding steady but political stability is being tested by unpopular austerity measures.

“The euro-zone also includes the Netherlands, Belgium, Austria, Finland, and half a dozen smaller economies. The UK, Sweden, Denmark, Poland, Hungary, Romania, and several other European Union members, as well as non-EU countries like Switzerland and Norway, do not use the euro currency.

“Meridian Finance Group provides trade finance tools that equipment vendors can use to expand their international sales, to Europe and to other markets around the world. We also offer programs for US companies that export parts, materials, finished goods, and other kinds of products and services.

“International deals are structured differently and payment terms may be shorter than for domestic leasing transactions, but the result is essentially the same: the vendor gets to make the sale and the foreign customers get better payment terms than would be available in their own countries.

“We welcome referrals from leasing brokers. Our referral fees run lower than typical broker commissions, but our work reflects well on brokers’ vendor relationships. Plus we don’t do equipment deals in the USA, so we forward domestic leasing inquiries to brokers who refer business to Meridian.”

Meridian Finance Group
(310) 260-2130, ext. 124
export@meridianfinance.com
www.meridianfinance.com

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Is Leasing Securitization Dead or Alive?

(In September, 2008, Leasing News asked Paul Weiss, former president of ICON Capital, Vice-Chair of the board, with over 25 years in equipment leasing, the question that is the headline of this article.
Leasing News asked him for an up-date)

How interesting. I guess I was pretty right considering where the world was in September 2008, and what became of it. Nice to blunder into an accurate forecast... if you make enough of them, some will prove right!

Leasing News has reported the completion of some large securitizations as of late, and the market appears open again. I think you should ask some of the large securitizers with recent offerings to compare terms to the terms they were getting in 2007-2008. I think they would say the current offerings are generally more conservative, but I do not know. The backdrop of ultra-low rates has investors frustrated, seeking yield... a powerful condition indeed.

Since the article I co-founded Panthera Leasing with substantial private equity backing. to be in a position to benefit from my own 2008 forecast (note particularly where I said "The leasing industry will divide more clearly now, principals with actual capital to invest in leases, brokers with customers but no funding source.") What is very interesting and astonishing to me in 2011 and 2012 is the number of conversations I have where someone says: you do what? Operating leasing? With equity? They are completely surprised, or they never even heard of this. I try to patiently explain this is all I have done for 25 years actually.

In developed verticals like commercial air and rail, the names change but operating leasing involving real equity investors never goes out of style. For less common equipment types, though, I find we are often the only game in town for true residual value based leasing. Several would protest at this moment in my remarks; to be clear, we aren't the only equity rich lessor around. Rather, I am saying that the dedication to this product has waned... less because of customer need and more because of the institutional realities of most leasing companies... so there are many occasions when those looking around for customer financing find us and say they haven't seen this offering anywhere.

Also I have made many good connections with seasoned brokers this year and last that report nice volume and are very content with their current position. In this sense, too, perhaps my forecast was accurate.

It was a dark cold couple of winters since I made those comments in 2008, most would agree we are back on a new track, and some of the old tools still apply.

Paul Weiss

Is Leasing Securitization Dead or Alive?
http://www.leasingnews.org/archives/September%202008/09-19-08.htm#doa

Leasing News Advisor Paul Weiss
http://www.leasingnews.org/Advisory%20Board/Weiss_Paul.html

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Leasing Industry Help Wanted

Experienced only, Sales Reps 1 Southeast, 1 West Coast Looking to Expand Your Career Base Salary & Commission Send resumes to dmitchem@ifsc.com www.ifsc.com Stable, profitable independent lessor, 30 years in business Libertyville, IL

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

Career Crossroad---By Emily Fitzpatrick/RII

Looking for ‘good’ interview questions

Question: Do you have any ideas for some “good” interview questions to ask a hiring manager that are different than the same ol’ - same ol’

Answer:

When interviewing, it is important to stand out from your competitors.

However, I don’t recommend developing “unique” questions as they could be daunting.

First, you should plan on asking the “typical” questions about (a) the company (b) the position you are applying for; these questions can be developed based on your research before the interview.

Below are some ideas to create your unique set of questions – DO NOT use verbatim – they are meant to jump start some brainstorming; incorporate your personality and style:

• What are things you would like to see changed in this department? (operational-type role)

• What could I do/ accomplish during my first three months of employment that would really get your attention?

• What do you think my biggest challenge would be if I become part of your team?

• Do you help sponsor further education?

• I was thinking of studying to become a Certified Leasing Professional; will your company help me with this?

For specific examples/ ideas and/or additional advice for a specific position, please contact me directly!

Emily Fitzpatrick
Sr. 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 Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

*****Announcement*************************************

Five New CLP’s, all from First American Equipment Finance

The Board of Directors of the Certified Lease Professional (CLP) Foundation is proud to announce that five employees at First American Equipment Finance (FAEF), Fairport, New York, a City National Bank Company, passed the CLP Exam and have earned the coveted CLP Designation.

Mark Bearden, CLP

Adam Fay, CLP

Bryan Murphy, CLP

Sarah Van Nostrand, CLP

Julio Talledo, CLP

They join Alan Sikora, CLP, and Chad Wiedenhofer, CLP at First American Equipment Finance.

Alan Sikora, CLP
President, First American Equipment Finance

“Our sophisticated clients expect their business partners to be experts in their field,” said Alan Sikora, CLP, President of FAEF. “Our hardworking colleagues that earned the CLP designation have demonstrated a commitment to our industry and their clients.”

First American Equipment Finance was a winner of the 2011 Equipment Leasing and Finance Association Operations and Technology Excellence Award. The company is known for “Technology equipment financing and asset management solutions for middle market and investment grade corporate borrowers, delivered with unmatched customer service.”

The CLP designation identifies you as a knowledgeable professional to employers, clients, customer, and peers in the leasing industry. There are currently 169 Certified Lease Professionals throughout the world. For more information, call Reid Raykovich at (206) 535-6281 or visit www.clpfoundation.org

*****Announcement***************************************

(Click on “Get Leasing News Delivered” to sign up)

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Leasing 102
by Mr. Terry Winders, CLP

Lessor Accounting Income

The type of lease a lessor books dictates how the income shows up in the income statement. A lessor has four classifications of leases for accounting and they are:

• a sales type lease

• a direct financing type lease

• an operating lease

• a leverage lease

The two most common are the direct financing type lease and an operating lease. To manage a leasing portfolio it is important to understand how the booking of income or perhaps when it is booked affects your income statement.

The dilemma for a leasing company is to provide constant income or improving income from year to year. A direct finance lease books income like a loan, or if you prefer on a simple interest basis which means higher income in the beginning and lower income in the end. This means the income is called the interest method and because of the method it is easy to understand that any increase or decrease in volume impacts annual income.

To have a consistent income the lessor must book the same volume as the year before. Also the volume must be in the same manner it was the year before. If the year’s major volume is in the early months then income will go up. If the volume is late in the year income will go down. A bad year or a bad couple of years makes income go down dramatically because of the front end loading the interest method creates.

The operating lease method has the same amount of income as a direct finance lease however it is straight lined over the term. That makes the income equal every month. While this appears to make sense to have consistent income, it has a problem on the cost side because borrowed money to fund leases is usually borrowed under the interest method. Therefore the cost of money will be higher than the income in the early months of the lease. This could cause a loss instead of a profit until the debt was paid down.

The interest method requirements cause a lot of swings in income, year to year, for a leasing company unless it can increase volume each year. Any lower year with a lower volume will show a lower income. Many leasing companies have good growth in their early years but there comes a time when volume straightens out and income is going to take a hit.

Few leasing companies like to book operating leases; however, if a lessor books 30% operating leases and 70% direct financing leases the income will be consistent because the operating income in the later term of the lease will uphold the lower income from the direct financing leases. The direct financing leases will uphold the losses in the early months of the operating leases.

If a leasing company can show consistent income year to year it makes the ability to borrow money to grow the company. Irregular income year to year will increase the cost of money from lenders from the fear of the future.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-649-0448.

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

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

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Top Stories October 8--October 12

Here are the top ten stories opened by readers:

(1) GE Capital Lays Off “Hundreds”
http://leasingnews.org/archives/Oct2012/10_08.htm#ge-capital-lays-offhundreds

(2) More on GE Capital Layoff
by Kit Menkin
http://leasingnews.org/archives/Oct2012/10_10.htm#more-on-ge-capital-layoff

(3) Leasing Companies Out of Business
plus No Longer taking Broker/Discounting Business
http://leasingnews.org/archives/Oct2012/10_12.htm#out_business

(4) Operation Lease Fleece--Update September, 2012
by Christopher Menkin
http://leasingnews.org/archives/Oct2012/10_08.htm#operation-lease-fleece

(5) Joseph Bonnano now Certified Leasing Professional (and) Why I Became a CLP
http://leasingnews.org/archives/Oct2012/10_10.htm#archives
http://leasingnews.org/archives/Oct2012/10_10.htm#clp

(6) Sales Make it Happen by Christopher Menkin
----Ten Advantages in Leasing
http://leasingnews.org/archives/Oct2012/10_10.htm#ten-advantages-in-leasing

(7) CapNet Has Closed Down?
http://leasingnews.org/archives/Oct2012/10_12.htm#capnet

(8) Archives---October 12, 2001
Joe Bonanno says "Thank You."
http://leasingnews.org/archives/Oct2012/10_12.htm#archives

(9) ACH Is Not a Cash or a Cashier's Check
by Tom McCurnin
http://leasingnews.org/archives/Oct2012/10_10.htm#ach-is-not-a-cash-or-a-cashiers-check

(Tie) (10) New Hires---Promotions
http://leasingnews.org/archives/Oct2012/10_12.htm#hires

(Tie) (10) The List---September, 2012
--- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"--
http://leasingnews.org/archives/Oct2012/10_10.htm#list

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

Creditor Prevails in State Court
Fraudulent Conveyance Action

By Tom McCurnin
Barton, Klugman & Oetting

Bankruptcy Debtor’s Principal Gets Hit With Fraudulent Conveyance Judgment For Failing to Honor Plan and Diverting Monies

Premier Capital Limited Liability Company v. Vergilio, 2012 WL 3539344 (Cal. App. 2012)

You’ve heard the expression, “Pigs get fat and Hogs get slaughtered.” Here is a case which demonstrates the greed and chutzpa of a principal of a bankruptcy debtor who made a corporate fraudulent conveyance to himself.

Here, Gary Vergilio was the principal of a bankruptcy debtor, Core Holdings. It had a number of creditors, it filed a Chapter 11 Plan, and the Plan was confirmed. The Plan called for certain payments to be made by Core of $200,000 per year, and if not made, the creditors could convert the Bankruptcy to a Chapter 7. And for four years, those payments were made by Core. So far, so good.

However, at the end of the fourth year, when Vergilio thought no one was looking, he took one of the payments and pocketed the proceeds. At this point, he didn’t care whether Core survived or not.

Well, one of the creditors, Premier Capital, looked into the matter and found out that Vergilio had received the $200,000, but that he had diverted the monies and pocketed the cash for himself. Premier complained, and Vergilio argued that Premier’s only remedy was to convert the Bankruptcy to one under Chapter 7. Since there were no assets, this wasn’t much upside for Premier.

Unsatisfied, Premier’s lawyers hit the law books, did some research, and surmised that Premier could avoid the Bankruptcy altogether and simply sue Vergilio for fraudulent conveyance. After all, Premier argued that the money was supposed to go to the creditors. Premier filed suit in State Court.

Vergilio argued that Premier’s only recourse was in Bankruptcy Court because this was a Bankruptcy “core matter,” where the Bankruptcy Judge would surely simply convert the case. Premier argued that this was a matter of State law, because California has a fraudulent conveyance statute, too.

The State Court took the usual step of hearing the matter and entered judgment against Vergilio. I’m actually shocked, because every time a case has the hint of a Bankruptcy issue in the case, the State Court judge’s I’m familiar with simply want to punt the ball into Bankruptcy. But this State Court Judge held onto the case and actually entered judgment.

On appeal, the sole issue was not whether Vergilio actually took the money, I guess he admitted he did, but was whether the case was a Bankruptcy “core matter.” If the matter was “core,” only the Bankruptcy Court could hear the matter. If not “core,” then a State Court has concurrent jurisdiction.

The opinion of the Court of Appeal rested its analysis on the fact that it was not examining the conduct of the debtor as a debtor in possession, which would be a core matter. Rather the Court was examining the debtor’s action as if the plaintiff sued someone completely unconnected to Core, because he allegedly received money which should have gone into the pot from which it hoped to get paid as an unsecured creditor. Because this was not an act done in Vergilio's official capacity, this was not a “core” matter.

Ultimately, the principal’s actions had to color the arguments here. There was no question that Vergilio took the money, it was simply a question of where the matter would be heard. Obviously, Premier thought it might get a better shake out of State Court, and it was right.

Mr. Vergilio, on the other hand, got caught with his hands in the cookie jar, and now he has to pay for it.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832
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

Palo Alto, California Adopt-a-Dog

“Polly was found in Highway 101 in Palo Alto back in July. Our working theory is that she fell or was thrown from a moving vehicle and broke her pelvis among other things before she was picked up by us. She's made great progress and is now looking for her new home!”

Pet Adoption Information
http://www.cityofpaloalto.org/news/displaynews.asp?
NewsID=234&TargetID=84

Palo Alto Animal Services
3281 East Bayshore Road Palo Alto, CA 94303 - (650) 496-5971
Email: animalservices@cityofpaloalto.org

Hours: Monday - Saturday, 11:00am - 5:30pm, except holidays.
Closed Sundays every other Friday.

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

Adopt a Pet
http://www.adoptapet.

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Leasing Attorneys

Birmingham, Alabama The lawyers of Marks & Weinberg, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel.  Email: Barry@leaselawyer.com Website: www.leaselawyers.com	California, National: city: Riverside  Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.  Email: leaselaw@msn.com
Kenneth C. Greene California & Nevada  Hamrick & Evans, LLP, Universal City , LA; San Francisco Bay  Area, No.Calif. & Nevada. Call for free consultation (828)763-5292 or (415) 806-2254, kgreene@hamricklaw.com	Connecticut, Southern New England:  EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates.  email: rcfeldman@snet.net
Los Angeles, Southern CA  Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605 or email:vvf@pacbell.net.	Encino, California: Statewide “ELFA”  Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigation, debt collection, and bankruptcy. Call Stephen E. Jenkins Esq (818) 501-3800
Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net	Los Angeles -statewide: CA      "ELFA" Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com
Long Beach, CA  Wagner & Zielinski,  successfully representing lessees/ lessors.  Not a member of any leasing organization, therefore not beholden to special interests.  Richard Wagner  (562) 216-2952 www.wzlawyers.com	Long Beach CA. Paul Bent -- 30 years experience in all forms of equipment leasing, secured lending, and asset based transactions, from analysis and deal structuring to contract negotiations to closing to private dispute resolution. (562) 426-1000 www.paulbent.com
Illinois Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts/restructurings.  Kevin Trabaris.  Phone:  847-205-4377.  Email:kevin@trabaris.com Website: www.trabaris.com.   Blog: http://www.trabaris.com/info/blog/	Law Firm - Service, Dallas, TX. "ELFA" Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.  email: dmayer@pattonboggs.com Website: www.pattonboggs.com
National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection,  billable litigation (704-969-3280) tong_92@yahoo.com	National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA).  email: Jcoston@costonlaw.com Website:www.costonlaw.com
St. Louis County , MO. - statewide:  Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates.  Ronald J. Eisenberg, Esq. (636) 537-4645 x108  reisenberg@sl-lawyers.com www.sl-lawyers.com	NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years experience.www.peretore.com	Thousand Oaks, California:  Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation. Nick Iezza 805-777-1175 niezza@spiwakandiezza.com

News Briefs----

Bernanke Says Fed Policy Could Benefit Global Economy
http://www.nytimes.com/2012/10/15/business/bernanke-defends-fed-from-claims-it-is-being-selfish.html

A big breakthrough in tiny loans
http://www.latimes.com/business/la-fi-microloans-20121009,0,5562422.story

Consumers are flocking to shorter loan terms
http://www.boston.com/news/local/massachusetts/2012/10/13/consumers-are-flocking-shorter-loan-terms/xwBchxmx3jYkSBVCNOlEOL/story.html

Boeing wins $1.9 billion contract for planes in Pentagon’s year-end spending surge
http://www.washingtonpost.com/business/economy/boeing-wins-19-billion-contract-for-planes-in-pentagons-year-end-spending-surge/2012/10/14/c7b65b00-1334-11e2-be82-c3411b7680a9_story.html

Helicopter-leasing company takes off
http://www.dispatch.com/content/stories/business/2012/10/12/risky-idea-takes-off.html

Report: Sprint reaches deal with Japan's Softbank
http://seattletimes.com/html/businesstechnology/
2019433875_apussprintsoftbank.html

Social Security benefits to rise 1% to 2% in 2013
http://www.usatoday.com/story/money/personalfinance/2012/10/14/social-security-benefit-increase/1632457/

A Risky Lifeline for Seniors Is Costing Some Their Homes
http://www.nytimes.com/2012/10/15/business/reverse-mortgages-costing-some-seniors-their-homes.html?ref=business

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You May Have Missed---

Drought leads restaurants to raise prices, cut portions
http://www.chicagotribune.com/news/nationworld/la-fi-drought-restaurants-20121014,0,179553.story

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SparkPeople--Live Healthier and Longer

SparkPeople--Live Healthier and Longer

Eating for a Healthy Heart
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=53

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Sports Briefs----

Cardinals Take Game 1
http://www.stltoday.com/sports/baseball/professional/cardinal-beat/giants-coach-kelly-will-not-take-field/article_63331c02-1642-11e2-982c-001a4bcf6878.html
http://blog.sfgate.com/giants/2012/10/14/madison-bumgarner-drilled-in-nlcs-opener-sf-giants-lose-again-at-home/

49ers suffer worst loss of the Harbaugh era
http://blogs.sacbee.com/49ers/archives/2012/10/49ers-suffer-worst-loss-of-the-harbaugh-era.html
http://www.pressdemocrat.com/article/
20121014/SPORTS/121019757/1350?Title=49ers-fall-flat-in-26-3-loss-to-Giants

San Francisco 49ers humbled by New York Giants 26-3
http://www.contracostatimes.com/news/ci_21772588/san-francisco-49ers-humbled-by-new-york-giants?source=jBar

Anemic Yankees offense blanked by Tigers as they go down 0-2 in ALCS
http://www.nypost.com/p/sports/yankees/
anemic_yankees_offense_blanked_alcs_Wu2zGE7ggIOFUBUbHRDW7M

Falcons stumble about, beat lowly Raiders 23-20 on Bryant field goal
http://blogs.ajc.com/atlanta-falcons-blog/2012/10/14/falcons-stumble-about-beat-lowly-raiders-23-20-on-bryant-field-goal/

Jerry Jones: Loss to Ravens was ‘probably the best’ game Cowboys have played this year
http://cowboysblog.dallasnews.com/2012/10/jerry-jones-loss-to-ravens-was-probably-the-best-game-cowboys-have-played-this-year.html/

You tell us: What's the biggest reason the Cowboys lost to the Ravens?
http://www.dallasnews.com/sports/dallas-cowboys/headlines/20121014-you-tell-us-what-s-the-biggest-reason-the-cowboys-lost-to-the-ravens.ece

Seahawks use late touchdown pass to stun New England
http://seattletimes.com/html/seahawks/2019434059_seahawks15.html

The Huddle
http://content.usatoday.com/communities/thehuddle/index

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[headlines]
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California Nuts Briefs---

San Rafael Law Firm Controller Accused Embezzling $1.5 Million
http://www.marinij.com/sanrafael/ci_21761882/san-rafael-embezzlement-suspect-charged-46-felonies

[headlines]
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“Gimme that Wine”

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

Jon Rimmerman sells $30 million worth of wine a year over e-mail
http://www.nytimes.com/2012/10/14/magazine/jon-rimmerman-garagiste.html?hp

Kermit Lynch Celebrates 40 Years of Bringing Great Wine to Bay Area
http://www.7x7.com/wine-country/kermit-lynch-celebrates-40-years-bringing-great-wine-bay-area

After the Debacle Called Liebfraumilch
http://www.nytimes.com/2012/10/13/dining/13iht-wine13.html?ref=dining

When Modest Wine Storage Will Not Do
http://www.nytimes.com/2012/10/10/dining/lavish-wine-storage-at-societe-du-vin-in-bridgehampton-ny.html?ref=dining

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

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

    1565-Florida: the French surrendered under the terms of a truce that guaranteed them amnesty to Pedro Menendez de Aviles, the Spanish navigator, who had captured the French Huguenot colony at Fort Caroline, near present-day Jacksonville, FL. However, after they surrendered, Mendendez hanged them, putting a sign over the bodies that read: “ I do this not to Frenchmen but to Lutherans.” In 1568, the fort was recaptured by a Huguenot corsair, Dominque de Gourges, who took his revenge by killing all his prisoners. His sing read: “I do this not to Spaniards...but as to traitors, robbers, and murderers.”
    1790 -Ann Teresa Mathews (aka Mother Bernardina) and Frances Dickinson founded a convent of Discalced Carmelites (a contemplative working order) in Port Tobacco, Maryland. It was the first Catholic convent founded in the United States. 
    1840 -In Melville, Missouri, the Evangelical Synod of North America was founded. It later became one of the branches of today's United Church of Christ. 
    1858-Birthday of John L. Sullivan, boxer born at Roxbury, MA “ The Great John L” was one of America's first sports heroes. He captured the world's bare-knuckle heavyweight championship on Feb 7, 1882, and went six years without defending the tile. He won the last bare-knuckle fight in 1889 and then lost the title to James J. Corbett in 1892. This was the first fight in which the boxers used gloves and were governed by the Marquess of Queensberry rules. Died at Abindon, MA, Fe 2, 1918.
    1863-The C.S.S. Hunley, the first successful submarine, sinks during a test run, killing its inventor and seven crewmembers. Horace Lawson Hunley developed the submarine from a cylinder boiler. It was operated by a crew of eight--one person steered while the other seven turned a crank that drove the ship's propeller. The Hunley could dive, but it required calm seas for safe operations. It was tested successfully in Alabama's Mobile Bay in the summer of 1863, and Confederate commander General Pierre G.T. Beauregard recognized that the vessel might be useful to ram Union ships and break the blockade of Charleston Harbor. The Hunley was placed on a railcar and shipped to South Carolina. The submarine experienced problems upon its arrival. During a test run, a crewmember became tangled in part of the craft's machinery and the craft dove with its hatch open; only two men survived the accident. The ship was raised and repaired, but it was difficult to find another crew that was willing to assume the risk of operating the submarine. Its inventor and namesake stepped forward to restore confidence in his creation. On October 15, he took the submarine into Charleston Harbor for another test. In front of a crowd of spectators, the Hunley slipped below the surface and did not reappear. Horace Hunley and his entire crew perished. Surprisingly, another willing crew was assembled and the Hunley went back into the water. On February 17, 1864, the ship headed out of Charleston Harbor and approached the U.S.S. Housatanic. The Hunley stuck a torpedo into the Yankee ship and then backed away before the explosion. The Housatanic sank in shallow water, and the Hunley became the first submarine to sink a ship in battle. Unfortunately, its first successful mission was also its last--the Hunleysank before it returned to Charleston, taking yet another crew down with it. The vessel was raised on August 8, 2000, and will now reside in an exhibit at the Charleston History Museum.
    1878- Edison starts the General Electric Company: this day he opened the doors to the Edison Electric Company at 65 Fifth Avenue, New York City.Three thousand shares with a par value of $100 each were issued for the express purpose of financing Thomas Alva Edison's work on the incandescent lamp. J.P. Morgan and his friends were enthusiastic investors. Though commercial electric light had eluded inventors for over fifty years, Edison had vowed that he would create the first incandescent lamp, and as important, build a plant to support the electricity to run the lights. He quickly made good on his promise. His company was soon flush with profits, and competitors hoping to cash in on the burgeoning market were springing up everywhere. Reportedly learning quickly from his investors, Edison adopted the aggressive tactics of vertical integration, buying his rivals and transforming his company into a model modern enterprise, re-christening it : the General Electric Company.
    1892- by Presidential Proclamation 1.8 million acres of Crow Indian reservation were opened to settlers. The government had induced the Crow to give up a portion of their land in the mountainous western area in the state of Montana, for which they received 50 cents per acre.
    1900- Pentecostal evangelist Charles Fox Parham opened Bethel Bible Institute in Topeka, Kansas. It was here on January 1, 1901 that the first Christian in modern times was reported to have spoken in tongues: student Agnes Ozman.
    1904- birthday of Marty Mann, American social activist and author was born at Chicago, IL. She was founder in 1944 of the National Committee for Education on Alcoholism and author of A New Primer on Alcoholism. She died at Bridgeport, CT, July 22, 1980.
    1909-The first apartment house to occupy a square city block was the Belnord Apartment House, a 12-story building in New York City. It was bounded by 86th street on the south, 87th street on the north. Broadway on the west and Amsterdam Avenue on the east. At the time, it was the largest apartment house in the world. Its area was 64,614 square feet with an interior court of 22,033 square feet. It contained six separate passenger elevators and 178 suites, each with 7 to 11 rooms and two to four baths. Every room was an outside room. Annual rentals ranged from $2,100 upwards. Philip Hiss and H. Hobart Weekes were the architects.
    1915-Birthday of pianist Nellie Lutcher, Lake Charles, LA.
    1916-Birthday of trumpet player Al Killian.
( most notably for playing with Basie '40-'44, Ellington '47-'50)
    1918-The leading film studios announce they will stop releasing films temporarily because of the influenza epidemic. Many theaters had been closed by cities throughout the country to prevent the spread of the deadly virus. Two years earlier, New York City had banned children from theaters in an attempt to halt the spread of polio.
    1920 –Novelist Mario Puzo born, best known for his “Godfather” trilogy, made more famous by director-producer Francis Ford Coppola
http://www.kirjasto.sci.fi/mpuzo.htm
http://www.mariopuzo.com/biography.shtml
    1925-Birthday of guitarist/singer Mickey Baker ( Mickey and Sylvia), Louisville, KY
    1937 -- One time New Christy Minstrels member, gravelly voiced singer of "Eve of Destruction," Barry McGuire born in Oklahoma City, OK. One of the things that set them apart from the other folk groups of their time was the concept of signing new players, like all pro-sports teams. New blood was always being added to the group, while seasoned musicians went off to make careers of their own. Famed alumni include: Kenny Rogers, The "First Edition", Karen Black, John Denver, Roger McGuinn and Gene Clark, Kim Carnes and many, many more.
http://www.tsimon.com/mcguire.htm
    1937 -- Ernest Hemingway novel “To Have and Have Not” is published.
http://www.hemingwaysociety.org/
http://www.imdb.com/title/tt0037382/
http://www.culturevulture.net/Movies/ToHave.htm
    1946 - With two outs, and St. Louis Cardinals' Enos Slaughter on first, Harry Walker hit a line drive to left-center. Slaughter got an early jump as Boston Red Sox pitcher Bob Klinger failed to hold him on the bag. Leon Culberson (in center) bobbled Walker's single and shortstop Johnny Pesky hesitated on the cutoff (checking the runner on first instead of throwing home). Ignoring third base coach Mike Gonzalez, Slaughter rounded third and scored. Pitcher Harry Brecheen shut down the Red Sox in the ninth and St. Louis won the game, 4-3, and the World Series, four games to three. The '46 Series will always be remembered in Red Sox lore as the one in which “Pesky held the ball.”
    1947---Top Hits
I Wish I Didn't Love You So - Vaughn Monroe
Feudin' and Fightin' - Dorothy Shay
Near You - The Francis Craig Orchestra (vocal: Bob Lamm)
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams
    1950- the first radio paging service was instituted in New York City area by Aircall The first call was for a doctor who was on a golf course 25 miles away. Subscribers equipped with six-ounce Aircall pocket radio receivers could hear their call numbers repeated in numerical sequence on the air at least once per minute within a 30-mile area.
    1951- “I Love Lucy” premiers on television.. This enormously popular sitcom, TV's first smash hit, starred the real-life husband and wife team of Cuban actor/bandleader Desi Arnaz and talented redheaded actress/comedienne Lucille Ball. They played Ricky and Lucy Ricardo, a New York bandleader and his aspiring actress/home­maker wife who was always scheming to get on stage. Costarring were William Frawley and Vivian Vance as Fred and Ethel Mertz, the Ricardos' landlords and good friends who participated in the escapades and dealt with the consequences of Lucy's often well-intentioned plans. Famous actors guest-starred on the show, including Harpo Marx, Rock Hudson, William Holden, Hedda Hopper and John Wayne. This was the first sitcom to be filmed live before a studio audience, and it did extremely well in the rat­ings both the first time around and in reruns. The last telecast ran Sept 24, 1961.
    1952--POMEROY, RALPH E. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company E, 31st Infantry Regiment, 7th Infantry Division. Place and date: Near Kumhwa, Korea, 15 October 1952. Entered service at: Quinwood, W. Va. Born: 26 March 1930, Quinwood, W. Va. G.O. No.: 97, 30 December 1953. Citation: Pfc. Pomeroy, a machine gunner with Company E, distinguished himself by conspicuous gallantry and indomitable courage above and beyond the call of duty in action against the enemy. While his comrades were consolidating on a key terrain feature, he manned a machine gun at the end of a communication trench on the forward slope to protect the platoon flank and prevent a surprise attack. When the enemy attacked through a ravine leading directly to his firing position, he immediately opened fire on the advancing troops inflicting a heavy toll in casualties and blunting the assault. At this juncture the enemy directed intense concentrations of artillery and mortar fire on his position in an attempt to neutralize his gun. Despite withering fire and bursting shells, he maintained his heroic stand and poured crippling fire into the ranks of the hostile force until a mortar burst severely wounded him and rendered the gun mount inoperable. Quickly removing the hot, heavy weapon, he cradled it in his arms and, moving forward with grim determination, raked the attacking forces with a hail of fire. Although wounded a second time he pursued his relentless course until his ammunition was expended within 10 feet of the foe and then, using the machine gun as a club, he courageously closed with the enemy in hand-to-hand combat until mortally wounded. Pfc. Pomeroy's consummate valor, inspirational actions and supreme sacrifice enabled the platoon to contain the attack and maintain the integrity of the perimeter, reflecting lasting glory upon himself and upholding the noble traditions of the military service.
    1954- Hurricane Hazel made landfall near Cape Fear, NC with winds near 150 mph, a category 4 storm. Tides reached 18 feet above normal with extreme destruction along the North Carolina coast. At Long Beach, 300 homes vanished, no debris remained. Every fishing pier from Myrtle Beach, SC to Cedar Island, NC, a total of 170 miles, was destroyed. As the storm came inland it quickly transformed into a powerful extra tropical storm and raced north northwestward though the mid-Atlantic states. Washington, D.C. had a record sustained wind of 78 mph with gusts to 98 mph. Hazel killed 98 and caused $251 million in damages
    1955- “Fury” premiers This popular series starred Bobby Diamond as Joey Newton, an orphan living on the streets. He is relocated to a ranch owned by recent widower Jim Newton (Peter Graves), who eventually adopts Joey. Joey's friend is a black horse given to him by Newton, called Fury. Also featured were William Fawcett, Roger Mobley and Jimmy Baird. In syndication, the series was retiled “Brave Stal­lion.”
    1955—Top Hits
Love is a Many-Splendored Thing - The Four Aces
Autumn Leaves - Roger Williams
Black Denim Trousers - The Cheers
The Cattle Call - Eddy Arnold
    1959 - Van Johnson was originally slated to play Eliot Ness, but he backed out in a dispute over money the weekend before filming was to begin. Robert Stack was hastily recruited for the starring role in "The Untouchables" on a Sunday morning. He was fitted for costumes in the afternoon, and started filming the first episode, "The Empty Chair", on Monday morning. "The Untouchables", with the chatter of machine-gun fire and the squeal of tires on the streets of Chicago, began a four-year run this day on ABC-TV. With Stack, as G-man Ness, were Nick Georgiade (as Enrico Rossi), Jerry Paris (as Martin Flaherty), Abel Fernandez (as William Youngfellow), Anthony George (as Cam Allison), Paul Percerni (as Lee Hobson), Steve London (as Agent Rossman) and Bruce Gordon (as Frank Nitti). The unforgettable narrator was radio's famous Walter Winchell.
http://www.tvparty.com/untouch.html
http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-674/
    1963---Top Hits
Sugar Shack - Jimmy Gilmer and The Fireballs
Be My Baby - The Ronettes
Cry Baby - Garnet Mimms and The Enchanters
Talk Back Trembling Lips - Ernest Ashworth
    1963--The Rip Chords record "Hey Little Cobra", which features Doris Day's son Terry Melcher on lead vocal, with the high harmony added by future Beach Boys member, Bruce Johnson, who played in my band in high school. The record will enter the Hot 100 next January and reach #4.
    1964 - For St. Louis, it was the first time a Cardinal team had appeared in the World Series since 1946 (see above), and the first of three Series appearances in the 1960s. For the Yankees, it was their last Series appearance for 12 years, and the last hurrah in a long string of Fall Classics for legendary players Whitey Ford and Mickey Mantle. The Cards won the Series in seven games, with Bob Gibson's complete game, nine strike-out performance in game seven. Lou Brock's fifth-inning home run triggered a second 3-run inning and a 6-0 lead for Gibson. Mickey Mantle, Clete Boyer, and Phil Linz homered for New York, but it wasn't enough. The Cards won the game, 7-5, and the series, four games to three.
    1966-A bill creating the Department of Transportation, the 12th Cabinet department , was signed by President Lyndon B. Johnson.
    1966- Bill Russell made his debut as the first black coach in the NBA as his Boston Celtics defeated the San Francisco Warriors, 121-113, at Boston Garden. Russell served as the Celtics' player-coach for three seasons and won two NBA tittles.
    1966--Although they would continue to crank out the hits into the 1980s, The Four Tops enjoyed their last US number 1 song with "Reach Out I'll Be There". 
    1966-Grace Slick quits the local San Francisco band The Great Society to join Jefferson Airplane. She replaces Signe Toly Anderson, who left the band to have a baby.
    1967--ANDERSON, WEBSTER
Rank and organization: Sergeant First Class, U.S. Army, Battery A, 2d Battalion, 320th Field Artillery, 101st Airborne Infantry Division (Airmobile). Place and date: Tam Ky, Republic of Vietnam, 15 October 1967. Entered service at: Winnsboro, S.C. Born: 15 July 1933, Winnsboro, S.C. Citation: Sfc. Anderson (then S/Sgt.), distinguished himself by conspicuous gallantry and intrepidity in action while serving as chief of section in Battery A, against a hostile force. During the early morning hours Battery A's defensive position was attacked by a determined North Vietnamese Army infantry unit supported by heavy mortar, recoilless rifle, rocket propelled grenade and automatic weapon fire. The initial enemy onslaught breached the battery defensive perimeter. Sfc. Anderson, with complete disregard for his personal safety, mounted the exposed parapet of his howitzer position and became the mainstay of the defense of the battery position. Sfc. Anderson directed devastating direct howitzer fire on the assaulting enemy while providing rifle and grenade defensive fire against enemy soldiers attempting to overrun his gun section position. While protecting his crew and directing their fire against the enemy from his exposed position, 2 enemy grenades exploded at his feet knocking him down and severely wounding him in the legs. Despite the excruciating pain and though not able to stand, Sfc. Anderson valorously propped himself on the parapet and continued to direct howitzer fire upon the closing enemy and to encourage his men to fight on. Seeing an enemy grenade land within the gun pit near a wounded member of his gun crew, Sfc. Anderson heedless of his own safety, seized the grenade and attempted to throw it over the parapet to save his men. As the grenade was thrown from the position it exploded and Sfc. Anderson was again grievously wounded. Although only partially conscious and severely wounded, Sfc. Anderson refused medical evacuation and continued to encourage his men in the defense of the position. Sfc. Anderson by his inspirational leadership, professionalism, devotion to duty and complete disregard for his welfare was able to maintain the defense of his section position and to defeat a determined attack. Sfc. Anderson's gallantry and extraordinary heroism at the risk of his life above and beyond the call of duty are in the highest traditions of the military service and reflect great credit upon himself, his unit, and the U.S. Army.
    1968-Wyomia Tyus becomes the first person to win a gold medal in the 100 meter race in two consecutive Olympiads.
    1971 - Rick Nelson was booed off the stage when he didn't stick to all oldies at the seventh Annual Rock 'n' Roll Revival show at Madison Square Garden, New York. He tried to slip in some of his new material and the crowd did not approve. The negative reaction to his performance inspired Nelson to write his last top-40 hit, "Garden Party", which hit the top-ten about a year after the Madison Square Garden debacle. "Garden Party", ironically, was Nelson's biggest hit in years, “...If you gotta play at garden parties, I wish you a lotta luck; But if memories were all I sang, I rather drive a truck.”
    1971---Top Hits
Maggie Mae/Reason to Believe - Rod Stewart
Superstar - Carpenters
Yo-Yo - The Osmonds
How Can I Unlove You - Lynn Anderson
    1971-It was a blessing in disguise when Rick Nelson played the seventh annual Rock 'n' Roll Revival Show in New York . He thought he was being booed for not playing his old hits and came away with the inspiration to write what would be his last Top Ten hit, "Garden Party", which would climb to number six in 1972. It was later revealed that the crowd was booing some trouble makers who had started a fight and were being escorted out of the building. 
    1972- Jackie Robinson threw out the ceremonial first pitch at the second game of the
World Series commemorating the twenty-fifth anniversary of his becoming the first African-American to play in modern Major League Baseball. (Blacks played with white baseball players after the Civil War, during reconstruction.)
http://memory.loc.gov/ammem/today/oct15.html
    1973 - “Sweet dreams.” Tom Snyder would use this phrase to close his late-night show, "Tomorrow", which debuted on NBC-TV this night. Tom would yuk it up with some of TV's most interesting chatter -- right after the "Tonight" show. NBC would later add critic Rona Barrett to the show. "Tomorrow" ran until January of 1982.
    1974- Watergate trial begins. The eyes of the world were focused on the United States as the trial of H.R. Haldeman, John Erlichman, John Mitchell, Robert Mardian, and Kenneth Parkinson began. Nixon had resigned, and the Watergate co-conspirators had to answer to the court for their alleged involvement in the break-in and cover-up. The trial lasted until January 1, 1975. The defendants were sentenced in February 1975.
    1976--Ike and Tina Turner split as a musical act.
    1977- Debbie Boone's "You Light Up My Life," goes #1 and stays #1 for 10 weeks.
    1977-Debbie Boone's first single, "You Light Up My Life" reaches #1 on the Billboard Pop chart, where it will stay for 10 weeks. It would go on to win a Grammy Award for Best Song and 21-year-old Debbie is named Best New Artist. The record only made it to #48 in the UK. In the 1980s she focused on Country music, resulting in the #1 hit, "Are You on the Road to Lovin' Me Again". She later recorded Christian music, which garnered her four Top 10 Contemporary Christian albums as well as two more Grammys.
    1979---Top Hits
Don't Stop 'Til You Get Enough - Michael Jackson
Rise - Herb Alpert
Sail On - Commodores
Last Cheater's Waltz - T.G. Sheppard
    1982-Lionel Richie of the Commodores fuels rumors that he'll be leaving the group as his solo song, "Truly" is on the RandB chart at #28. The song does rise to the Top Ten on both the RandB singles and pop singles charts.
    1982-Marvin Gaye's "Sexual Healing" enters the Billboard R&B singles chart on its way to number one. The song would also make the Top 10 in the UK and the Hot 100 and later win a Grammy as Best R&B Male Vocal Performance of the Year.
    1983-Genesis' self-titled LP became their third consecutive number one album in the UK. It included the single "Mama", the band's biggest commercial UK success, which reached #4, but was less popular in the US where it climbed to #73.
    1986-Trailing 3-0, Ray Knight of the New York Mets keyed a three-run rally in the ninth inning to tie the score in the sixth game of the National League Championship Series against the Houston Astros. The Mets won the game, 7-6, in 16 innings, to win the longest postseason game ever and the series as well (4 hours and 42 minutes) in the sixteen innings at the Astrodome.
    1986- After being down three games to one in the ALCS, the Red Sox pull off one the greatest comebacks in playoff history by defeating the California Angels 8-1 to win the American League pennant.
    1986- Grateful Dead leader Jerry Garcia opens a sold-out two-week run of solo shows on Broadway.
    1987—Top Hits
Here I Go Again - Whitesnake
Lost in Emotion - Lisa Lisa and Cult Jam
Carrie - Europe
The Way We Make a Broken Heart - Rosanne Cash
    1987-The National Football League Players Association ordered its members to return to work without a contract, effectively ending a 24-day strike against the NFL. The players reported after the owners' deadline and were told they would not play or be paid for the upcoming Sunday's game.
    1987 Unseasonably cold weather continued in the eastern U.S., with thirteen cities reporting record low temperatures for the date. The low of 34 degrees at Montgomery AL was their coldest reading of record for so early in the season. Lows of 32 degrees at Harrisburg PA and 34 degrees at Parkersburg WV marked their third straight morning of record cold.
    1988 - "Red Red Wine", by UB40, was the first reggae hit to make it to number one in the U.S. From the album "Labour of Love", "Red Red Wine" was #1 for only one week, but turned out to be UB40's signature song.
    1988-Kirk Gibson hit a two-run, pinch-hit home run with two out n the bottom of the ninth inning to give the Los Angeles Dodgers a 5-4 win over the Oakland A's in the first game of the world Series. Gibson, hampered by a strained left knee, hobbled around the bases pumping his arm in jubilation. The Dodgers won the Series, four games to one.
    1989- Wayne Gretsky passes Gordie Howes as NHL's all time top scorer.
    1989-- Hurricane Jerry made landfall on the upper Texas coast, the latest ever for a storm in this region. The center of this very small storm passed closest to Galveston, TX which reported sustained winds of 75 mph with gusts to 100 mph. Tides along the island were six to eight feet, and rainfall totals ranged up to slightly more than six inches north of Beaumont. Three persons were killed when their vehicle was blown off the Galveston seawall into the pounding surf. Total damage along the Upper Texas Coast was estimated at fifteen million dollars.
    1991-After three days of Senate Judiciary Committee hearings on charges of sexual harassment made against Judge Clarence Thomas by a former aide, Anita F. Hill, the Senate confirmed Thomas as the 106th US Supreme Court Justice with a 52-48 vote. The vote was the closed for a 20th-century justice and made Thomas, who would replace retired Justice Thurgood Marshall, the second African American to sit on the Supreme Court.
    1993—Top Hits
Dreamlover- Mariah Carey
Right Here (Human Nature)/Downtown- SWV
The River Of Dreams, Billy Joel
Whoomp! (There It Is)- Tag Team
    1998-Top Hits
One Week- Barenaked Ladies
The First Night- Monica
I Don t Want To Miss A Thing- Aerosmith
How Deep Is Your Love- Dru Hill Featuring Redman

World Series Champions This Date

    1917 Chicago White Sox
    1923 New York Yankees
    1925 Pittsburgh Pirates
    1946 St. Louis Cardinals
    1964 St. Louis Cardinals
    1970 Baltimore Orioles