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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Tuesday, October 14, 2014

Today's Equipment Leasing Headlines

Archives--October 14, 2002
CapitalStream  - WiredCapital Layoffs
   Classified Ads---Executive Management
CIT Bank to Merge with OneWest Bank?
 Will Direct Capital Acquisition Hurt Merger?
Top Stories:  October 6 - October 10
Opened Most by Readers of Leasing News
   Leasing Industry Ads---Help Wanted
“How Not to Raise Red Flags on LinkedIn”
  Career Crossroad---By Emily Fitzpatrick/RII
Leasing 102 by Mr. Terry Winders, CLP
  Week Three:  Purchase Upon Termination (PUT)
San Francisco Bay Area Best Professional Headshot
  Before and After
Handling Post Judgment Interest in a Lease
  By Tom McCurnin, Leasing News Legal Editor
     Unknown Aircraft in Iranian Airspace
The Columbus Day Video Most Banks
    Don’t Want You to See  (2:13)
Banks Most Concentrated in Commercial Real Estate
    Q2'14, SNL Financial Report
Dachshund, Miniature, Smooth Haired/Mix
   Seattle, Washington  Adopt-a-Dog
    Classified ads—
News Briefs---
Tropical system could become hurricane, hit Hawaii
 Top 10 Lease Accounting FASB-IASB Project Questions
  Written by CG Commercial Finance and Bill Bosco
   G.E. Aircraft Unit Buys Helicopter Leasing Business
    iPhone 6, iPhone 6 Plus Cases to Help You Beat the Bend

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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Archives--October 14, 2002
CapitalStream-WiredCapital Layoffs

Leasing News reported 23 layoffs from the
merger/acquisition of CapitalStream/WiredCapital,
according to CapitalStream Director of Development John Kruse.

Our very reliable insider reports there were 26 people let go:
“I believe there were 23 layoffs from Capital Stream and 3 from Wired Capital. Look for almost all (Wired Capital) senior management to take over CapitalStream positions. i.e. Kevin Riegelsberger will be President, David Orren will be Executive Vice President of Sales, Kaveh Mahjoob will be vice-president of research and development, and Mike Pennell will be vice president of marketing. CS Jeff Dirks remains as chief operating officer. “
The WiredCapital vice-president of professional services did not want to move to Seattle, Leasing News was told by a second source, and that position is open right now. Kaveh is the only senior member because they are keeping the developers in California.  There was reportedly another two million from a venture capital firm that is pending.  The original request was alleged to be $12 million.
The above “correction” has given rise to a rumor in the Seattle office that WiredCapital may become the dominant software and the operation may move to the new Southern California WiredCapital headquarters, our third confirming source told us. Several of the now ex-employees feel “betrayed,” particularly in the manner that that stock options was handled. Four original founders of WiredCapital also lost their stock options.
CapitalStream Director of Development John Kruse, who gave Leasing News the original information in the story below, was unavailable for comment as he is attending the Equipment Leasing Association conference in San Francisco.


Kevin Paul Riegelsberger
Chief Strategic Initiatives Officer, Avalara, Inc.
Bainbridge Island, Washington

David Orren
Director at Extend Associates Limited
Wokingham, UK

Kaveh Mahjoo
Co-Founder of InfoMagnus
Aliso Viejo, California

Mike Pennel
CEO at SourceThought
San Juan Capistrano, California

Jeff Dirks
Chief Operating Officer at Limeade
Bellevue, Washington

John Kruse
Director Business Development at Icertis
Seattle, Washington

Capitalstream today is Linedata Capitalstream

Most Recent Article:

Newest Version of Linedata Capitalstream Offers
Innovative Digital Banking Features



Classified Ads---Executive Management

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

Tampa, FL
Executive leader accomplished in leasing operations, finance, sales and marketing seeking new opportunity. Capitalizes on strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that drive increased sales productivity, incremental revenue, operating expense reductions and customer acquisition and retention.

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



CIT Bank to Merge with OneWest Bank?
Will Direct Capital Acquisition Hurt Merger?
by Christopher Menkin

John Thain
CIT Group

In July, CIT Bank announced a $3.4 billion in cash deal to merge with OneWest, based in Southern California, formerly IndyMac. It would be the largest bank merger since Capital One’s $9 billion purchase of ING Direct in 2011. The merger would give CIT roughly $67 billion in assets, crossing the $50 billion threshold for a “systemically significant” institution, which triggers additional regulatory scrutiny.

The California Reinvestment Coalition (CRC), based in San Francisco, a coalition of community organizations located throughout California, comprised of 300 members, is opposing the sale. The Federal Reserve was accepting comments on the proposed merger until last Friday, October 10, 2014. CRC opposed the acquisition of 20 Banco Popular branches in Los Angeles and Orange County, but agreed to
support it with the development of a community benefit plan.
This may be the answer for the CIT Bank merger, too.

CIT Group owns and controls CIT Bank, a state industrial bank, Salt Lake City, Utah, referring to it as a "well-capitalized internet bank.”
The bank is FDIC insured. It recently purchased Direct Capital, Portsmouth, New Hampshire, taking control on August 1, 2014.

Subsequently, Direct Capital was reportedly given a portfolio of 40,000 CIT customers to call on for retention.  Leasing News was told many of these accounts were approved by CIT for upwards of $250,000. Further information could not be verified.

Leasing News was told Direct Capital was "pumping out an enormous amount of merchant cash advances." A new direction may have been made when CIT Bank took over.  When the company was privately held, this information was not available to the public, except perhaps by UCC filings, but since being purchased by a FDIC- insured institution, that now has changed and all financial information must be disclosed. Whether this will affect the One West Bank merger is not known, and it is not known when the financial information will be available.

The latest FDIC filing for CIT Bank shows 919 employees with assets of $18.3 billion, $15.6 billion total liabilities, equity capital of $2.7 billion and net profit of $74.4 million, at June 30, 2014.  Net Charge offs were $21 million, $11.8 million in commercial and industrial loans, and $9.2 million in lease financing receivables. Tier 1 risk-based capital ratio 15.21% (extremely healthy, editor).

CIT will issue its financial results for the quarterending September 30, 2014, before the market opens on Tuesday, October 28, 2014. It will hold a conference call and audio webcast to discuss the results at 8:00 AM EDT. Leasing News hopes to have more on this story before that date.


Top Stories:  October 6 - October 10
Opened Most by Readers of Leasing News


(1) Archives---October 6, 2010
US Bank Equipment Finance Problems
Oh No! -- Portfolio Services to Close?
by Christopher Menkin

(2) No Longer taking Broker/Discounting Business
        plus Leasing Companies Out of Business

(3)  Archives---October 10, 2007
Marlin Business Services Corp. Hires Chief Sales Officer

(4) Marlin Files Amendment to Wells Fargo Loan

(5) Reaction to Wheeler 2014 Broker Survey
          By Christopher Menkin

(5) Equipment Tax Deductions
       by Christopher Menkin

(7) Leasing 102 by Mr. Terry Winders, CLP
           Internet Lease Proposals
Week two:  Equipment Finance Agreement with Purchase Option

(8) NexTier joins Funder List “A”
      &  Funders Looking for New Broker Business List

(9) New Hires---Promotions in the Leasing Industry

(10) Archives--October 8, 2006
   Jimmy Frank Joins Sterling Savings Bank

(11) September 2014 Broker Survey Results
           Wheeler Business Consulting


John Kenny
Receivables Management

• End of Lease Negotiations & Enforcement 
• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|

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


Leasing Industry Help Wanted




“How Not to Raise Red Flags on LinkedIn”
Career Crossroad---By Emily Fitzpatrick/RII


LinkedIn is the top social networking site and is utilized for a variety of reasons, e.g. networking, building sales leads, keeping in touch with colleagues, following particular companies, and it is a tool for passive candidates to be found. Most of us have LinkedIn profiles to be in the “know”– those without a profile are passed over (I had a client pass on a Candidate because they did not have a LinkedIn Profile, the assumption being that this Candidate did not have a career background worthy of sharing nor were they up to date with today’s technologies). 

Sample Actions to Take to Support a Search, while still Being Visible for Business Connections
& Facilitate Unsolicited Job Opportunities
Turn off your activity broadcasts
This is the first step to take, as it will ensure that your entire network is not notified every time you make a change to your profile. If you do not turn off this setting, all of your Connections will receive notifications of every change you make to your LinkedIn profile. So turn off your activity broadcasts before making any changes!

Do not reveal confidential information on your profile
You want to quantify accomplishments, but not disclose company secrets. Focus on how you have helped the company stand out and be successful, not how you stand out and are successful.

Do not participate in Groups for jobseekers while you are employed
Participate in LinkedIn Groups where recruiters or future employers might find you. Contribute your expertise (and carefully considered comments) in job function-specific or industry Groups.

Do not use LinkedIn’s profile blocking feature to minimize your LinkedIn visibility to your current boss or colleagues
This will only raise red flags if they know you have a LinkedIn profile but cannot access it. (They can simply ask a friend or colleague to log into their own LinkedIn account and pull up your LinkedIn profile.) If you had previously blocked supervisors or colleagues for this reason, LinkedIn now allows you to “unblock” these individuals. Instructions and your list of blocked individuals can be found:

Do not upgrade to the paid job seeker membership level
The last thing you need in your confidential job search is a job-hunting icon on your LinkedIn profile.

If your profile has an uploaded resume, it might draw suspicion that you’re looking for a job … there is no need to upload a resume unless you are being downsized or are currently out of the job market … update your LinkedIn profile gradually by incorporating functions and successes into your profile NOT as a separate attachment
- Adding lots of information and connections all at once can look suspicious
- Include your personal phone numbers (home and/or cell) to facilitate employment-related contacts

For more steps to take, contact us at  

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns


Leasing 102
by Mr. Terry Winders, CLP

Internet Lease Proposals

Week Three:  Purchase Upon Termination (PUT)

In addition to leases with bargain purchase options, there are many cases where the lessee needs to meet a payment amount that can only happen if a large residual to meet your overall yield and/or the equipment may have lost much of its value, so you do not want it returned.  The lessor requires the lessee to guarantee the residual. We usually call a guaranteed residual a “PUT” (purchase upon termination).

There are many lessees that are non-profit companies, from churches to social organizations, so because of the tax free environment even though there are no tax considerations, there still may be current accounting and legal concerns. In the vernacular, while it is called a lease, just as a “capital lease” with a bargain purchase option is called a lease in the trade, both are loans under the commercial code.  If you need an operating lease, the option to purchase must not be a PUT and must be for the reasonably predictable fair market value.   The IRS has ruled that a PUT will invalidate a transaction being an operating lease and has ruled it a loan.  Do not confuse this with a TRAC Lease or a residual that is no greater than 80% of the option.  Both will be discussed in Week Four.

The proposal letter:

Dear ------,

This contract is a non-cancelable transaction on a lease document. We will retain title until all payments, including the guaranteed residual, are received on an “as agreed basis.” The contract requires you to pay all assessed taxes on time and send proof of payment. If the sales tax is not handled at the time of purchase and must be collected over the term, we will add the sales tax to your payment and remit it to the State.

The vendor will deliver the equipment and then will invoice us. We will pay the vendor upon your acceptance and satisfaction of the equipment in good working condition.
You are required to provide insurance on the equipment and provide the lessor with a loss payable clause and an additional insured endorsement.  You are required to pay the fixed residual at lease termination of $______. Upon receipt, a Bill of Sale and release of UCC will be furnished.
We appreciate your business so if you have any questions please contact ______________________.  

The fourth edition has new chapters on Agriculture and Insurance with expanded sections on Lease Pricing and Asset Management - Collections. The History, Classification and Tax and Accounting chapters have also been updated to reflect the pending changes in the FASB and IASB Exposure Draft. Whether you’re a college student, entry level leasing associate, or an old pro, this book is an invaluable resource.

(To learn more about the CLP Handbook)

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at  or 502-649-0448
He invites your questions and queries.
Previous #102 Columns:


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

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


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



San Francisco Bay Area Best Professional Headshot
 Before and After



Andrew Lea
Write On Target Marketing

Professional Headshots in Less Than an Hour
How do you know you need a professional headshot?

  • If you’re using professional headshots that are more than two years old…
  • If you’ve recently changed your look or your hair…
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  • If you are looking for a new work opportunity …
  • If your headshot resembles a selfie or a mug shot…
  • Or if you’ve never had a professional headshot...

If this is you, sign-up for SRK Headshot Day, hosted by Scott R. Kline, professional headshot photographer.

Schedule your professional headshots with a SRK Headshot Day photo session at a S.F. Bay Area location including San Francisco, Silicon Valley (Menlo Park), the East Bay (Oakland). We can also set-up a Corporate Headshot Day.

For More Information:



Handling Post Judgment Interest in a Lease
By Tom McCurnin
Leasing News Legal Editor

While Pre-Judgment Interest is Governed by Contract and State Law,
Post Judgment Interest, Especially in Federal Court, Is Very Low. 
Can a Creditor Provide For Post Judgment Interest in A
Lease Agreement?  The Answer is Yes.

Kanawha-Gauley Coal v Pittston Mineral Group, 2012 WL 6622708 (4th Cir. 2012).

Last year I reported on a case in which the creditor bungled its interest clause, JCC Development v Levy 146 Cal. Rptr3d 635 (Cal. Ct. App. 2012).  There, the secured creditor provided for interest and default interest in the event of a default, but stupidly forgot to provide for interest upon maturity.  So the question I got was whether a creditor can provide for interest after maturity and after judgment.

The problem is that in Federal Court, post judgment interest is statutory, and is often less than 1%.   The question I received was whether the parties can contract to a different and higher post- judgment interest rate in Federal Court.  The answer is yes, and today’s case demonstrates how it should not be done.

Kanawha is a lessor and while it prevailed against the lessee and its surety, sought to have the Judgment reflect the default interest rate of prime plus 2 points.  The Court, while acknowledging that a Federal Judgment can apply a different rate than the statute, found that the parties did not specifically mention the Federal Judgment Rate in the lease and therefore denied the enhanced rate in the Judgment.
How can the lessor make sure that its default rate of interest is carried through to maturity and judgment?  Simple, just define default interest rate.

“Upon default, all sums due under this agreement shall bear interest at the rate of ___ percent annum (“Default Interest Rate”) which rate shall apply through maturity of this agreement, arbitration, and judgment, until lessor is paid in full.  The parties authorize any arbitrator, magistrate, or judge to set forth this Default Interest rate in any arbitration award or judgment.”

Some care must be exercised in selecting a default interest rate, because some courts require them to be heavily justified.  In the recent case of California Bank & Trust v. Shilo Inn, 2012 WL 5605589 (D.Or.,2012) an Oregon Court refused to enforce a 5% default kicker due mainly to a failure of proof on the part of the creditor to establish that the default interest rate was reasonable under the circumstances.  Additional representations must be placed in any Default Interest clause such as the fact that actual damages may be difficult to ascertain, and therefore the parties agree in advance that the Default Interest Rate is appropriate.  The creditor, unlike the creditor in The Shilo Inn case, should be prepared to offer evidence of what actual expenses it suffered as a result of the default.

The bottom line is that interest is negotiable and the lessor should anticipate its default interest rate both after default and through judgment.  However, the creditor needs to support the default interest rate with specific recitals and actual damages incurred as a result of the default. 

Kanawha Case PDF

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at
Previous Tom McCurnin Articles:

Previous Tom McCurnin Articles:






The Columbus Day Video
Most Banks
Don’t Want You to See




Banks Most Concentrated in Commercial Real Estate
Q2'14, SNL Financial Report
By Divya Lulla and Hina Nawaz

The number of banks with commercial real estate concentrations above 300% of risk-based capital or negative risk-based capital fell slightly in the second quarter, as credit quality continued to improve and the number of undercapitalized institutions continued to fall.

In 2006, regulators created guidance on CRE lending to highlight the risks of high concentrations. They defined CRE loans as construction and land development loans, loans secured by multifamily property, nonowner-occupied nonfarm nonresidential property loans, and loans for nonresidential nonfarm property secured by assets other than real estate. Regulators set two supervisory criteria that would define high concentration: The first is construction and development loan concentration above 100%. The second is CRE concentration above 300% with a 50% or more increase in total CRE balances over the preceding 36 months.

These criteria are not meant to set CRE lending limits on banks, but to define the CRE concentration levels beyond which banks should enhance credit risk controls, including the stress testing of CRE portfolios. Although SNL has utilized both criteria to compile the list of banks with the highest CRE exposure, the interagency guidance suggests the use of one of the two criteria, and not necessarily both. SNL found that 352 commercial and savings banks either reported CRE loans above 300% of risk-based capital, or reported negative risk-based capital. The majority had less than $500 million in assets. Only 33 companies exceeded the threshold of high CRE exposure using both criteria as of June 30.

Aggregate CRE loans, as defined under the guidance, hit $1.231 trillion at U.S. commercial and savings banks at June 30, up 2.43% from the first quarter and 9.55% from the second quarter of 2013. CRE loans accounted for 15.18% of total loans at U.S. commercial and savings banks at the end of the second quarter, up from 15.16% in the previous quarter and 14.53% in the second quarter of 2013.

Meanwhile, total risk-based capital at U.S. commercial and savings banks increased by $997.0 million quarter over quarter and $54.35 billion year over year, ending the second quarter at $1.550 trillion.

Little Rock, Ark.-based Bank of the Ozarks Inc. was the largest bank by total assets among the 33 institutions that exceeded both of regulators' supervisory CRE criteria. Bank of the Ozarks Inc. grew CRE loans by 96.49% over the last 36 months. The bank has been active in M&A with two completed acquisitions in 2014: Houston-based Bancshares Inc. and Arkadelphia, Ark.-based Summit Bancorp Inc. The bank also has one pending acquisition, involving New York-based Intervest Bancshares Corp.

Bloomington, Minn.-based Bridgewater Bank continued to hold the highest CRE concentration, at 507.49% as of June 30. The company's 36-month CRE loan growth hit 138.76% at the end of the second quarter, up from 118.37% at March 31.

Omaha, Neb.-based Core Bank again experienced the highest 36-month CRE loan growth rate among banks on the list, at 2,649.31% for the second quarter of 2014. This marked a significant acceleration from the 1,764.95% 36-month CRE growth reported at March 31, and 1,896.40% growth reported at the end of 2013. Core Bank's growth is influenced by the merger of Centennial Bank and Omaha State Bank into one entity, which was renamed Core Bank. Core Bank President and CEO John Sorrell said that CRE was Omaha State Bank's "bailiwick," while Centennial Bank was more focused on commercial and industrial and SBA lending. Core Bank continues to take advantage of CRE lending opportunities as they arise, but Sorrell said that the apparent huge jump in CRE lending is a result of the recent strategic merger. "That was more of a technicality," he told SNL. He said that overall loan growth in 2014 has been in the 23% to 26% range, with a vast majority of that growth in the CRE business.



Dachshund, Miniature, Smooth Haired/Mix
Seattle, Washington  Adopt-a-Dog

ID #: 19026981
Breed: Dachshund, Miniature Smooth Haired / Mix
Gender: Female
Size: Small
Age: 3 years, 8 months

"Meet Betty! She's a 3-year-old Miniature Dachshund mix with a gentle demeanor a love of treats. This little lady is hesitant with new people, but she's been working on her confidence in a loving volunteer foster home. Betty enjoys being petted, going for walks (just not in the rain!), playing with squeaky toys and just lounging with her family. She also gets along well with other small dogs, and cuddles with the dogs in her foster home.

"Betty will need a patient adopter who can give her time to grow her trust. She is a shy girl, but responds well to positive attention and treats. She already knows to come when called and to "stop." Betty is staying with her volunteer foster family, but it's easy to set up a time to meet her. Contact our Adoption Team at (425) 649-7563 or

"As with all of our dogs, Betty has been spayed, micro-chipped, vaccinated and behavior tested. She will go home with a certificate for an examination by a King County veterinarian and identification tag. PLUS, most dog adoptions include 30-days of pet insurance with Trupanion and six weeks of training in one of our on-campus behavior courses - a great way to start off on the right paw!

"Betty will need to live in home with adults only. Resident dogs are recommended to visit Betty prior to adoption. Introduce to cats."

Seattle Humane Society
13212 SE Eastgate Way
Bellevue, Washington 98005
(425) 641-0080

Phone: (425) 641-0080
Fax: (425) 747-2985

Adoption Hours
Sunday – Wednesday
11 a.m. – 6 p.m.
Thursday – Saturday
11 a.m. – 8 p.m.

Adopt a Pet



Classified ads—

Collector: Atlanta, GA
Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts!
Collector: Cleveland, OH 
Huntley Capital & Associates is your solution to late payments, no payments, and asset recovery. Call 216-337-7075. 
Collections: Dallas, Texas
Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies. 
Collector: Los Angeles, CA
Expert skiptracers covering Southern California. We locate skips, judgment debtors and collateral. When you can't get the job done in house, give us a call at
Collector: Louisville, KY
We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850 
Collector: Louisville, KY 
Euler Hermes/UMA 92 year old Global Receivables Outsourcing. Presence in 143 Countries. Work w/ 4 out of 5 Fortune 500 firms. Contingency Fee Structure.
20% off first time clients.!
1-800-237-9386 x 205.
Collector: Mandeville, MI
International commercial collection services all fees are on contingency on line access.

Collector: Milwaukee, WI 
We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory.

Collector: Nationwide
End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide.

Collector: Saint Louis, MO
Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency!
Call 1-800-659-7199 ext.315
Consultant: Nationwide
25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development.
Call: 610-246-2178, McCarthy Financial, LLC,
Consultant: Burlington, CT
We provide our clients with a full range of consulting services such as portfolio conversions, reconciliation, custom programming and leasing operations utilizing InfoLease. 
Consultant: Europe
15 years doing deals/running own technology leasing company – looking to advise/ lead new entrants to take advantage the European market opportunity. or 

Consultant: Henderson, NV
Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record.

Consultant: Sausalito, CA
Lease trainer and consultant. 50 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops.

Consultant: North of Detroit, MI 
INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide. 

Consultant: Ridgefield CT.
Lisa Lersner w/20 years exp. specializing in leasing technology now providinglessor selection andmanagement services, includingthe securing of debt and equity and acquisition guidance services.
Go to

Communications:Chassell, MI

Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct

mail projects etc. Fees are negotiable. 
Go to



All "Outsourcing" Classified ads (advertisers are both requested
and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:


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



News Briefs----

Tropical system could become hurricane, hit Hawaii

Top 10 Lease Accounting FASB-IASB Project Questions
   Written by CG Commercial Finance and Bill Bosco 

G.E. Aircraft Unit Buys Helicopter Leasing Business

iPhone 6, iPhone 6 Plus Cases to Help You Beat the Bend 




--You May Have Missed It

Machine Harvest of Cabernet Sauvign Grapes


SparkPeople--Live Healthier and Longer

10 Ways to Find Time for Exercise
Busting the #1 Exercise Excuse: Lack of Time


Baseball Poem

For Junior Gilliam (1928-1978)
by B.H. Fairchild ©

Published: The Little Magazine (1978)

In the bleak, bleacherless corner
of my rightfield American youth,
I killed time with bubble gum
and baseball cards and read the stats
and saw a sign: your birthday was mine.

And so I dreamed: to rise far
from Kansas skies and fenceless outfields
where flies vanished in the summer sun.
To wake up black in Brooklyn,
to be a Bum and have folks call me Junior
and almost errorless hit .280 every year
and on the field, like you, dance double plays,
make flawless moves, amaze the baseball masses.

You would turn, take the toss from Reese,
lean back and, leaping past the runner's cleats,
wing the ball along a line reeled out
from home and suddenly drawn taut
with a soft pop in Hodges' crablike glove.
And we went wild in Kansas living rooms.

The inning's over. You're in the shadows now.
But summers past you taught us how to play
the pivot (or how to dream of it).
And when one day they put me in at second,
I dropped four easy ones behind your ghost,
who plays a perfect game.

For Junior Gilliam (1928-1978) by B.H. Fairchild ©



Sports Briefs----

Kaepernick leads 49er comeback

Molina's injury might not be as big as you thin



California Nuts Briefs---

Record gourd tips scales at Half Moon Bay pumpkin fest


“Gimme that Wine”

North Coast CA Winegrape harvest early, lighter, dodges problems

TTB Establishes 11 New Viticultural Areas Within the
Paso Robles Viticultural Area

Selling Wine Online: Which Winery Ecommerce Practices Promote Highest Sales?

Napa Valley’s Latest Contribution: ‘Serious’ Sauvignon Blanc

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in American History

     1492 - Columbus leaves San Salvador; arrives in Santa Maria of Concepcion
    1644 - Birthday of William Penn, founder of Pennsylvania, born at London, England. Penn died July 30, 1718, at Buckinghamshire, England. President Proclamation 5284, of November 28, 1984, conferred honorary citizenship of the USA upon William Penn and his second wife, Hannah Callowhill Penn. They were the third and fourth persons to received honorary Citizenship, including Winston Churchill and Raoul Wallengber.  (lower half of: )
    1656 - The first punitive legislation in Massachusetts against Quakers was enacted. (The marriage of church-and-state in Puritanism made them regard the ritual-free Quakers as spiritually apostate and politically subversive). The law provided for a fine of 100 pounds for any ship captain who delivered Quakers “or any other blasphemous heretics” the Massachusetts Bay Colony. Possessing Quaker books and coming to the defense of Quakers was also outlawed and punished with fines, whipping and jailing. Subsequent anti-Quaker laws included the penalties of having their ears cut off and the tongue bored through with a hot iron. 
    1734 - Birthday of Francis Lightfoot Lee, signer of the Declaration of Independence. Born at Westmoreland County, VA, he died January 11, 1797 at Richmond County, VA.
His plantation was called “Menokin.”
    1735 - Methodist pioneer John Wesley first set sail to America, to minister to the Indians under Georgia Gov. Oglethorpe. On this same date, Wesley began keeping his famous, 55-year-long journal, whose last entry was dated Oct 24, 1790.
    1773 - Several of Britain’s East India Tea Company’s ships are set ablaze at Annapolis.
      1774 – As a result of the sinking of the ship, ‘Peggy Stewart’, the Declaration of Rights was passed by the First Continental Congress in Philadelphia, PA. It was known as the “Declaration and Resolves of the First Continental Congress,” stating the colonists “are entitled to life, liberty and property; and they have never ceded to any foreign power whosoever a right to dispose of either without their consent.”
    1834 - African-American Henry Blair patents his corn-planting machine. Two years later, on August 31, 1936, he obtained a patent on a cotton seed planter.  It is widely believed that this is the first patent grant to an African-American in the US.
    1834 - In Philadelphia, Whigs and Democrats stage a gun, stone and brick battle for control of a Moyamensing Township election, resulting in one death, several injuries, and the burning down of a block of buildings.
    1835 - John Templeton, John Moore, Stanley Cuthbart and Ellen Ritchie were charged in Wheeling, VA (now WV) with illegally teaching blacks to read
    1863 - Battle of Bristoe Station.  Confederate General Robert E. Lee attempts to drive the Union army out of Virginia but fails when an outnumbered Union force repels the attacking Rebels.  The aggressive Lee realized that he had a chance to cut the Union army up piecemeal during the withdrawal. Confederate General Ambrose P. Hill spotted Yankees from General George Sykes's Fifth Corps near Bristoe Station on the afternoon of October 14. Thinking this was the rear of the Union army, Hill attacked and began driving the Federals away in disarray. The Confederates were surprised by the sudden appearance of Union General Governor K. Warren's Second Corps. Warren's men were returning from a small battle at Auburn, Virginia, earlier that morning. Hill decided to attack this new force as well, but the Yankees were well protected by a railroad cut. In a very short engagement, the Confederates suffered 1,400 men killed, wounded, and captured, while the Union lost only 546. "Bury these poor men," Lee somberly told Hill, "and let us say no more about it." The Union army was driven back 40 miles from its original positions, and the Confederates destroyed a large section of the Orange and Alexandria Railroad, a key Union supply line. Nonetheless, the gains were temporary. The next month, Meade drove Lee back behind the Rapidan River.
    1863 - Birthday of journalist Winifred Sweet Black. She wrote under the name of Annie Laurie and was able to infiltrate Mormon life and expose polygamy in an 1898 series of articles in the Hearst newspapers. But her greatest accomplishment was disguising herself as a boy and becoming the only woman reporter on Galveston Island after the terrible hurricane in 1900. She, unlike others, didn't only report. Using funds donated by Hearst's readers, she opened and administered a hospital on the island to aid the displaced and injured. Another time she faked a collapse to expose graft and mismanagement in San Francisco's receiving hospital. She got an exclusive interview with President Benjamin Harrison, and even got into a leper colony in Hawaii. She also reported on World War I and the Versailles treaty negotiations. She continued reporting on world events well into her 60s. She died in 1936.
    1865 - Cheyenne and Arapaho leaders sign "peace treaty" with the US government, then they were chased out Colorado.
    1884 – George Eastman patents paper-strip photographic film
    1890 - Birthday of Dwight David Eisenhower, the 34th president of the US, at Denison, Texas. Serving two terms as President, Jan 20, 1953-January 20, 1961, Eisenhower was the first president to be baptized after taking office.  (Sunday, February 1, 1953). Nicknamed “Ike,” he was a member of the Class of 1915 of West Point where he played football and was a teammate of future general Omar Bradley.  Among their opponents was the legendary Jim Thorpe, whom he tackled, resulting in the torn knee that ended his athletic career.  He held the rank of five-star General of the Army, the first such five-star rank bestowed to a US military officer.   He resigned that commission in 1952 after becoming President and it was restored by an act of Congress. He served as Supreme Commander of the Allied forces in Western Europe during WWII and developed the logistics and attack plans for the Normandy invasion on D-Day that all but brought Germany to its knees.  One of Eisenhower's enduring achievements as President was the Interstate Highway System, believing it essential to American security during the Cold War. Thinking that large cities would be targets in a possible war, the highways would be designed to facilitate their evacuation and ease military maneuvers.  Eisenhower's goal to create improved highways was influenced by difficulties encountered during his involvement in the U.S. Army's 1919 Transcontinental Motor Convoy. He was assigned as an observer for the mission, which involved sending a convoy of U.S. Army vehicles coast to coast. The conditions of the roads were inferior, largely unpaved and subject to quagmire during heavy rains.  His subsequent experience with German autobahns during World War II convinced him of the benefits of such a network. Noticing the improved ability to move logistics throughout the country, he thought an Interstate Highway System in the U.S. would not only be beneficial for military operations, but provide a measure of continued economic growth. The legislation initially stalled in the Congress over the issuance of bonds to finance the project, but the legislative effort was renewed and the law was signed by Ike in June 1956.  In his Farewell Address (January 17, 1961), speaking about the “conjunction of an immense military establishment and a large arms industry,” he warned: “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential of disastrous rise of misplaced power exists and will persist.” An American hero, Eisenhower died at Washington, DC, March 28, 1969.    
    1893 – Actress Lillian Gish was born in Springfield, OH.  Gish was called The First Lady of American Cinema.  She was a prominent film star of the 1910s and 1920s, associated with the films of director D.W. Griffith, including her leading role in one of the highest grossing films of the silent era, Griffith's seminal, “Birth of a Nation” (1915). Her sound-era film appearances were sporadic but included roles in “Duel in the Sun” (1946) and “Night of the Hunter” (1955). She did considerable television work from the early 1950s into the 1980s and closed her career playing, for the first time, opposite Bette Davis in the 1987 film “The Whales of August”.  Gish passed in 1993.
    1894 – Birthday of e e cummings (Edward Estlin Cummings) (poet, playwright: Him, Santa Claus; writer: The Enormous Room; died Sep 3, 1962)
    1899 - Birthday of pianist/song writer Spencer Williams, New Orleans, LA
    1899 - Bandleader/jazz promoter William “Red” McKenzie Birthday,+Red
    1905 – The New York Giants’ Christy Mathewson fired his third consecutive shutout in this World Series, leading his team to a 4 games to 1 championship over the Philadelphia A’s.
    1906 - The White Sox, known as baseball's 'hitless wonders' complete their unbelievable World Series upset of their powerful crosstown rivals by beating the Cubs, 8-3 at South Side Park. The Cubs had won a record 116 regular season games.
    1910 –“The Wizard of Westwood” John Wooden was born in Hall, IN.  He attended Purdue University and he helped lead the Boilermakers to the 1932 Helms Athletic foundation National Championship, as determined by a panel vote rather than the NCAA tournament, which did not begin until 1939. John Wooden was named All-Big Ten and All-Midwestern (1930–32) while at Purdue, and he was the first player ever to be named a three-time consensus All-American.  Following a brief coaching stint at Indiana State, Larry Bird’s alma mater, Wooden was named head coach at UCLA in 1948.  In 1964, UCLA under Wooden, began college basketball’s, indeed all of sports, most dominating run of success that compares to the New York Yankees of the 1950s and the Montreal Canadiens in NHL hockey.  Through 1975, when he retired, UCLA won the NCAA National Championship ten times including seven consecutively from 1967-73.  Beginning in 1962, UCLA reached what is now called the Final Four 12 times.  The awards are too numerous to mention and he coached several All-Americans who went on to NBA Hall of Fame careers.  Wooden died at the age of 100 in 2010.
    1910 - English aviator Claude Grahame-White lands his Farman biplane on Executive Avenue (now Pennsylvania Avenue) near the White House.
    1912 – Teddy Roosevelt is shot while campaigning in Milwaukee.  The former President is shot and mildly wounded by John Schrank, a mentally-disturbed saloon keeper. With the fresh wound in his chest and the bullet still within it, Mr. Roosevelt still carries out his scheduled public speech.
    1916 - Sophomore tackle and guard Paul Robeson, a future College Football Hall of Famer, actor, and political activist,  is excluded from the Rutgers football team when Washington and Lee University refused to play against a black person.
      1922 – The first automated telephones are introduced, in NYC.
    1922 – Thom McAn opens its first retail shoe store, in NYC.
    1926 – The Washington Senators’ great Hall of Fame pitcher, Walter Johnson, retires from active playing and signs a contract to manage the Newark Bears minor league team.
    1926 – “Winnie-the-Pooh” by A.A.Milne is first published.
    1927 – “Bond, James Bond’, (1973-85) Roger Moore was born in London.  Prior to his Bond career, Moore enjoyed success as cousin Beau Maverick in “Maverick” (1960-61), then played Simon Templar as “The Saint” (1962-69).
    1929 – Connie Mack’s Philadelphia A’s set a Major League record by scoring 10 runs in one inning in a World Series on the way to defeating the Chicago Cubs, 4 games to 1.
    1930 - Ethel Merman becomes a star overnight with her rendition of "I Got Rhythm," featured in the new Broadway hit, “Girl Crazy”.
    1933 – Germany, now firmly under Nazi rule, withdraws from the League of Nations.
    1938 - Bob Haggart-Ray Bauduc record “Big Noise from Winnetka (Decca 2208).
    1939 - Birthday of Ralph Lauren, the designer and purveyor of a line of popular clothes that sought to capture the "spirit of the West," born New York City. His claim to fame is the “Polo” brand.
    1938 – Watergate figure, counsel to President Nixon, John Dean was born in Akron, OH.
    1940 - Charlie Barnet Band records “Redskin Rumba” (Bluebird 10944). 
    1943 – During the darkest days of the war, the US Army 8th Air Force lost 60 B-17 bombers during the second mass daylight air assault on Schweinfurt, Germany ball bearing factories.
     1944 - Linked to a plot to assassinate Hitler, Field Marshal Rommel, one of the Reich’s few military experts, is forced to commit suicide.
    1945 – The Chicago Cardinals, now in Arizona, broke a 29-game losing streak in the NFL by beating the Chicago Bears.
    1946 - Top Hits 
To Each His Own - Eddy Howard 
Five Minutes More - Frank Sinatra 
South America, Take It Away - Bing Crosby and The Andrews Sisters 
Divorce Me C.O.D. - Merle Travis
    1947 - Flying a Bell X-I jet at Muroc Dry Lake Bed, California, Air Force pilot Chuck Yeager broke the sound barrier, ushering in the era of supersonic flight. Yeager, born in Myra, West Virginia, in 1923, was a combat fighter during World War II and flew 64 missions over Europe. He shot down 13 German planes and was himself shot down over France, but he escaped capture with the assistance of the French Underground. After the war, he was among several volunteers chosen to test-fly the experimental X-1 rocket plane, built by the Bell Aircraft Company to explore the possibility of supersonic flight.
    1949 – Ezzard Charles TKOs Pat Valentino in the 8th round to win the heavyweight boxing title
    1949 - Eleven leaders of the American Communist Party are convicted, after a nine-month trial in a of conspiring to advocate the violent overthrow of the US Government
     1950 - “The Adventures of Ellery Queen” premiered on television. The first of many series to portray fictional detective Ellery Queen, it began on the Dumont network, where my father, Lawrence Menkin, wrote many of the episodes, and later moved to ABC. Queen was played by Richard Hart. In the next four series, he would also be played by Lee Bowman, Hugh Marlowe, George Nada, Lee Phillips, Peter Lawford and Jim Hutton. In each series Queen talked to the home audience at the show's climax to see if they were able to identify the killer. Future series were titled, “Ellery Queen” and the “Further Adventures of Ellery Queen.” The last telecast aired on September 5, 1976.
    1952 - SCHOWALTER, EDWARD R., JR., Medal of Honor.
Rank and organization: First Lieutenant, U.S. Army, Company A, 31st Infantry Regiment, 7th Infantry Division. Place and date: Near Kumhwa, Korea, 14 October 1952. Entered service at: Metairie, La. Born: 24 December 1927, New Orleans, La. G.O. No.: 6, 28 January 1954. Citation: 1st Lt. Schowalter, commanding, Company A, distinguished himself by conspicuous gallantry and indomitable courage above and beyond the call of duty in action against the enemy. Committed to attack and occupy a key-approach to the primary objective, the 1st Platoon of his company came under heavy vicious small-arms, grenade, and mortar fire within 50 yards of the enemy-held strongpoint, halting the advance and inflicting several casualties. The 2d Platoon moved up in support at this juncture, and although wounded, 1st Lt. Schowalter continued to spearhead the assault. Nearing the objective he was severely wounded by a grenade fragment but, refusing medical aid, he led his men into the trenches and began routing the enemy from the bunkers with grenades. Suddenly from a burst of fire from a hidden cove off the trench he was again wounded. Although suffering from his wounds, he refused to relinquish command and continued issuing orders and encouraging his men until the commanding ground was secured and then he was evacuated. 1st Lt. Schowalter's unflinching courage, extraordinary heroism, and inspirational leadership reflect the highest credit upon himself and are in keeping with the highest traditions of the military service. 
    1952 - “The Red Buttons Show” premiered on TV. The comedy-variety show starred the well-known burlesque comedian Red Buttons. Regulars included Dorothy Jolliffe, Joe Silver, Jeane Carson, Sara Seegar, Jimmy Little, Ralph Stanley, Sammy Birch, and the Elliot Lawrence orchestra. It later switched networks under a new format in 1953, as a sitcom with Phyllis Kirk and Paul Lynde.
    1952 – “Night Court” judge, Harry Anderson, was born in Newport, RI.
    1953 – President Eisenhower promises to fire as a Communist any federal worker taking 5th amendment during Congressional House Un-American Activities Committee hearings.
     1953 – Three females go into service as the first female police officers in The Netherlands.
     1954 - Top Hits 
“Hey There” - Rosemary Clooney 
“I Need You Now” - Eddie Fisher 
“Papa Loves Mambo” - Perry Como 
“I Don't Hurt Anymore” - Hank Snow
    1955 - Nineteen-year old Buddy Holly and his sidemen, Larry Welborn and Bob Montgomery, open a concert in Lubbock, Texas for Bill Haley and the Comets. Nashville talent agent Eddie Crandell is in the audience and in the next few weeks arranges for Holly to record his first demo.
    1957 - Although it was banned by some US radio stations for its suggestive lyrics, The Everly Brothers' "Wake up Little Susie" reached the top of the Billboard singles chart. 
    1957 - The Elvis Presley classic, "Jailhouse Rock" is released. It would become his ninth US number one single and stay on the Billboard chart for nineteen weeks. The film clip from the movie where he sang the song is considered by many historians to be the first Rock video. 
    1960 - At the improbable hour of 1am, then presidential candidate John F. Kennedy spoke impromptu to several thousand students from the steps of the University of Michigan Union building. He asked,” How many of you are going to be doctors are willing to spend your days in Ghana?  How many of you (technicians and engineers) are willing to work in the Foreign Service? The response was favorable, and 19 days later in San Francisco, Kennedy formally proposed the Peace Corps, which was created by Executive Order, March 1, 1962.
    1961 - The Broadway production "How to Succeed in Business without Really Trying" opened on Broadway, the first of 1415 performances.
    1962 - The Cuban Missile Crisis begins, bringing the United States and the Soviet Union to the brink of nuclear conflict. Photographs taken by a high-altitude U-2 spy plane offered incontrovertible evidence that Soviet-made medium-range missiles in Cuba, capable of carrying nuclear warheads, were now stationed in Cuba, 90 miles off the American coastline. Tensions between the United States and the Soviet Union over Cuba had been steadily increasing since the failed April, 1961 Bay of Pigs invasion, in which Cuban refugees, armed and trained by the United States, landed in Cuba and attempted to overthrow the government of Fidel Castro. Though the invasion did not succeed, Castro was convinced that the United States would try again, and set out to get more military assistance from the Soviet Union. During the next year, the number of Soviet advisors in Cuba rose to more than 20,000. Rumors began that Russia was also moving missiles and strategic bombers onto the island. Russian leader Nikita Khrushchev may have decided to so dramatically up the stakes in the Cold War for several reasons. He may have believed that the United States was indeed going to invade Cuba and provided the weapons as a deterrent. Facing criticism at home from more hardline members of the Soviet communist hierarchy, he may have thought a tough stand might win him support. Khrushchev also had always resented that U.S. nuclear missiles were stationed near the Soviet Union (in Turkey, for example), and putting missiles in Cuba might have been his way of redressing the imbalance. Two days after the pictures were taken, after being developed and analyzed by intelligence officers, they were presented to President Kennedy. During the next two weeks, the United States and the Soviet Union would come as close to nuclear war as they ever had, and a fearful world awaited the outcome.  The United States established a naval blockade to prevent further missiles from entering Cuba, and indeed, a confrontation on the high seas almost materialized when Russian ships approached US Naval vessels. It announced that they would not permit offensive weapons to be delivered to Cuba and demanded that the weapons already in Cuba to be dismantled and returned to the USSR.  The Russian ships stopped in the water while awaiting directions from the Kremlin.
After a period of tense negotiations an agreement was reached between Kennedy and Khrushchev. Publicly, the Soviets would dismantle their offensive weapons in Cuba and return them to the Soviet Union, subject to United Nations verification, in exchange for a US public declaration and agreement never to invade Cuba without direct provocation. Secretly, the US also agreed that it would dismantle all US-built Jupiter MRBMs, which were deployed in Turkey and Italy against the Soviet Union but were not known to the public.
When all missiles and light bombers had been withdrawn from Cuba, the blockade was formally ended on November 20, 1962. The negotiations between the United States and the Soviet Union pointed out the necessity of a quick, clear, and direct communication line between Washington and Moscow. As a result, the Moscow–Washington hotline was established.
    1962 - Top Hits 
“Sherry” - The 4 Seasons 
“Monster Mash” - Bobby “Boris” Picket 
“I Remember You” - Frank Ifield 
“Devil Woman” - Marty Robbins 
    1962 – In the fledgling American Football League, the Houston Oilers’ George Bland threw 6 TD passes as they romped over the New York Titans, who would be renamed the New York Jets, 56-17. 
    1963 - The term ""Beatlemania"" is coined by the British press to describe the scene at the previous night's performance by The Beatles on the TV show “Val Parnell's Sunday Night at the London Palladium”.
    1964 - Martin Luther King, Jr. became the youngest recipient of the Nobel Peace Prize when awarded the honor. Dr. King donated the entire $54,000 prize money to furthering the causes of the civil rights movement.
    1964 – The M&M boys, Roger Maris and Mickey Mantle, hit back-to-back HRs on consecutive pitches.
    1964 – Philips begins experimenting with color television.
    1964 - Charlie Watts, drummer for the Rolling Stones, marries his first and only wife, Shirley Ann Shepherd, in Bradford, England. They're still married.
    1965 - Dodger ace Sandy Koufax, working on just two days’ rest, pitched a three-hit shutout of the Minnesota Twins to capture the 1965 World Series. Koufax struck out ten Twins on his way to the 2-0 win. Later, Dodgers’ catcher, John Roseboro, confided that after about the 3d inning, Koufax threw nothing but fastballs because the curves hurt too much.  Said Twins’ slugger Bob Allison, “We knew what was coming and still couldn’t hit it.”  And the Dodgers were World Series champs for the second time in three years.  No relief pitchers were used by any of the winning teams in this Series.
    1966 - Former R&B cover band Pink Floyd debut an entire set of psychedelic originals at tonight's gig at All Saints Hall in London
    1966 - The Paul Butterfield Blues Band, Jefferson Airplane, Big Mama Mae Thornton, play the San Francisco Fillmore Auditorium.    Grace Slick makes her first stage appearance with the band Jefferson Airplane.
    1967 - Bobbie Gentry's LP Ode To Billie Joe hits #1
    1967 - The Who's "I Can See for Miles" is released.
    1967 - Folk singer Joan Baez arrested in blockade of military induction center, Oakland, California.
    1968 – J.R. Hines becomes the first man ever to break the so-called "ten-second barrier" in the 100 meter sprint in the Summer Olympics held in Mexico City with a time of 9.95 seconds.    
     1968 – In an expansion draft for the National League’s two new teams, the San Diego Padres and the Montreal Expos select 30 players each.  The Expos became the first Major League team to reside outside the US. 
    1968 - The Beatles’ “White Album” is released.
    1968 – The first live telecast from a manned U.S. spacecraft, Apollo 7, is beamed across the world.
    1968 - 27 soldiers are arrested at the Presidio of San Francisco for their peaceful protest of stockade conditions and the Vietnam War.  On the same day, the Defense Department announces that the Army and Marines sent about 24,000 soldiers and Marines back to Vietnam for involuntary second tours of duty in the combat zone there.
    1970 - Top Hits 
“Cracklin' Rosie” - Neil Diamond 
“I'll Be There” - The Jackson 5 
“All Right Now” - Free 
“Sunday Morning Coming Down” - Johnny Cash
    1971 - John Lennon and Yoko Ono appear on ABC-TV's The Dick Cavett Show to promote John's new album Imagine, Yoko's new book, and their upcoming art exhibition.
    1972 - Harold Melvin and the Bluenotes enter the soul chart with "If You Don't Know Me by Now," which, in 16 weeks on the chart, will peak at Number One for two weeks. The song makes it to #3 on the pop chart.
    1972 - The Temptations' "Papa Was a Rolling Stone" is released.
    1972 – The Oakland A’s’ Gene Tenace becomes the only player to homer in each of his first two World Series at bats.  The A’s would go on to win the first of three consecutive World Series, beating the Cincinnati Reds.
    1973 – Hall of Famer Willie Mays records the last hit of his great career as his New York Mets defeat the Oakland A’s in game 2 of the World Series.  His single put the Mets ahead, 7-6, representing Mays’ last RBI as well.  In the 9th, Mays lost a fly ball in the sun and fell down in deep CF.  Also, in this game, Oakland owner Charlie Finley attempted to ‘fire’ 2B Mike Andrews for his fielding errors, but Andrews was reinstated by Commissioner Bowie Kuhn.  The A’s recovered to become the first team to win back-to-back Series since the 1962 Yankees.
    1975 - Kiss' "Rock and Roll All Nite" is released.
    1975 – President Gerald Ford escapes injury as his limo is broadsided in traffic.
    1976 - The Yankees win their 30th pennant dramatically on Chris Chambliss' bottom of ninth-inning solo homer defeating the Royals, 7-6 in Game Five and deciding contest of the ALCS.
    1977 - At the request of the Dodgers, Linda Ronstadt sings the National Anthem at Dodger Stadium to open the third game of the World Series against the Yankees.    
    1978 - All four solo albums by the members of KISS break through Billboard's Top 100. Gene Simmons effort will prove to be the highest charting at #22, followed by Ace Frehley at #26, then Paul Stanley at #40 and Peter Criss at #43. 
    1978 – The first television movie derived from a series is aired: "Rescue from Gilligan's Island"
     1978 – Rocker Usher was born Usher Raymond IV in Dallas.
     1979 - The first Gay Rights March on Washington, D.C. demands "an end to all social, economic, judicial, and legal oppression of lesbian and gay people", and draws 200,000 people.
    1980 – Nominee Ronald Reagan promises to nominate a woman to be Supreme Court Justice.
    1981 - Four days of heavy rain across northern Texas and southern Oklahoma came to an end. The heaviest rains fell in a band from southwest of Abilene, TX to McAlester, OK, with up to 26 inches reported north of Gainesville, in north central Texas. The heavy rains were the result of decaying Hurricane Norma, which also spawned thirteen tornadoes across the region. Seven deaths were attributed to the flooding.
    1984 - Dense fog contributed to a 118 vehicle accident on I-94, just south of Milwaukee WI. It was the seventh day of an eight day stretch of dense fog. At the time of the accident the visibility was reportedly close to zero
    1987 - A media frenzy occurred when hundreds of rescuers came to the aid of little 18-month-old Jessica McClure. At 9:30 a.m. on this day, Jessica fell 22 feet into an abandoned well in her backyard in Midland, Texas. She was brought out of the well 58 hours later and was rushed to the hospital, where she underwent minor surgery. Gifts, especially stuffed animals, pouring into the hospital from well-wishers, most of whom had never met Jessica or her family.
    1988 - Forty cities in the eastern U.S. reported record low temperatures for the date. Elkins, WV was the cold spot in the nation with a record low of 18 degrees above zero. Thunderstorms in Arizona drenched Phoenix with nine inches of rain in nine hours, the fifth highest total for any given day in ninety-two years of records. Carefree, AZ was soaked with two inches of rain.
    1989 - Thunderstorms produced severe weather over Michigan during the morning, and over New York State and Connecticut during the afternoon and evening hours. Thunderstorms spawned two tornadoes, and there were ninety reports of large hail or damaging winds, including seventy reports of damaging winds in New York State. A tornado at McDonough, NY killed one person and injured three other people. Strong thunderstorm winds gusted to 105 mph at Somerset. Temperatures warmed into the 80s and lower 90s over much of the nation east of the Rockies, with eleven cities reporting record high temperatures for the date. Afternoon highs of 81 degrees at Beckley, WV and Bluefield, WV equaled October records. 
    1990 - San Francisco 49er Joe Montana passes for six 6 touchdowns vs. Atlanta (45-35).

    1992 - Canada gets its first pennant as the Blue Jays clinch the AL crown with a 9-2 victory over the A's in the Game 6 of the ALCS.  The Jays would go on to win the World Series and repeat in 1993.    
    1996 - Archer Daniels Midland Company, Decatur, IL, a maker of agricultural commodities received a fine from the Justice Department for $100 million. It was a penalty for conspiring with other companies to fix the prices of two food additives, lysine and citric acid. The company admitted the charges. It was by far the largest such fine up to that time.
    1997 - Max Steiner's acclaimed score to 1942's legendary film “Casablanca” is finally released, including selected dialogue and the vocal hit "As Time Goes By."
    2000 - The Beatles' official autobiography “Anthology” hits #1 on the New York Times nonfiction bestseller list.
    2002 - Light hitting second baseman Adam Kennedy becomes the fifth player to hit three homers in a postseason game helping the Angels to secure their first World Series berth in the team's 42-year history. Using a ten-run seventh inning, Anaheim beats the Twins 13-5 to win the ALCS in five games.  In a memorable Series, the Angels would go on to defeat the San Francisco Giants for their only World Series championship to date.
    2003 - Holding a 3-0 lead and needing only five more outs to go the World Series for the first time since 1945, the Cubs give up eight runs, on five hits, three walks and an error, to the Marlins. The team appears to come apart after a Cubs fan, Steve Bartman, sitting along the left-field line at Wrigley Field, tries to catch a foul ball that was about to be caught by Cubs' left fielder, Moises Alou for the second out of the inning.
    2006 - Silas Simmons, the oldest former professional baseball player of all time, celebrates his 111th birthday. The 17th-oldest person in the country, born the same year as Babe Ruth, is joined by former players of the Negro Leagues and receives 1913 Homestead Grays jersey with No. 111 stitched beneath his name from Steve Henderson of the Devil Rays at his home in the Westminster Suncoast retirement community in St. Petersburg.
   2009 - Paul McCartney was named Songwriter of The Year at the 29th Annual ASCAP Awards in London, England. The awards presentation honored songwriters and publishers of the most performed works in the US during 2008. Other winners at the event included Phil Collins, who collected his 11th award for his hit "In the Air Tonight".
    2009 - U.S. Senate Committee passes a healthcare reform bill, hailed as a 'critical milestone' by President Obama
     2013 - Three American economists win the Nobel Memorial Prize in Economic Sciences: Eugene Fama, Lars Peter Hansen, and Robert Shiller
    2013 - Authorities at Los Angeles International Airport investigate the explosion of the second dry ice bomb in two days on the premises; no one was injured and no arrests were made


World Series Champions This Date
    1905 New York Giants
    1908 Chicago Cubs
    1929 Philadelphia Athletics
    1965 Los Angeles Dodgers
    1984-Detroit Tigers




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