Extra---Extra---Extra---(Regular edition follows)--Extra--Extra
Equipment Acquisition Resources Chapter 11 goes to Chapter 7 Bankruptcy
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#### Press Release ########################################
CIT Obtains Additional $4.5 Billion in Financing Through Expansion of Existing Secured Credit Facility
Addresses Unfunded Financing Proposal from Carl Icahn
NEW YORK--CIT GROUP, Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has expanded its current $3 billion senior secured credit facility by an additional $4.5 billion. The new $4.5 billion tranche, which is being provided by a diverse group of lenders, including many of the Company?s bondholders, will be secured by substantially the same assets as the existing $3 billion tranche and any additional collateral that becomes available as a result of the Company?s refinancing of certain existing secured credit facilities.
We believe this secured financing will serve the best interests of all stakeholders and will allow us to better position CIT for the future, said Jeffrey M. Peek, Chairman and CEO. This expanded credit facility will allow us to continue to serve our existing small business and middle market customers as we advance our restructuring plan.
The new $4.5 billion tranche matures in January 2012, and includes an option for the Company to extend all or a portion of the new tranche for an additional year. It is expected to close today and will be used to refinance a portion of the Companys existing secured indebtedness, which may come due as a result of the restructuring, and for general corporate purposes.
The Company also addressed a commitment letter received yesterday from Carl Icahn to provide CIT a new $4.5 billion term loan. Although Mr. Icahn and his advisors had been in discussions with the Company for several days and were fully aware of CITs deadline, they provided the Company less than one hour to review and accept his commitment letter. Additionally, despite several requests from the Company for information and multiple deadline extensions, the Company has yet to receive a signed credit agreement and evidence of Mr. Icahns ability to fund the commitment.
As a result of the lack of evidence that Mr. Icahn has arranged sufficient funding at this time, CITs Board of Directors determined that the best interests of the Company and its stakeholders would be served by proceeding with the credit facility provided by a diverse group of lenders.
Through the substantial deleveraging featured in CITs restructuring plan, whether completed in or out of court, the Company is confident that CIT will emerge as a strong bank holding company with improved capital, liquidity and earnings potential. CIT remains fully committed to serving its small business and middle market customers, as it has for more than 100 years.
##### Press Release #########################
Wednesday, October 28, 2009
Folk singer, guitarist, fiddler Charlie Daniels (born Charles Edward Daniels) on October 28, 1936,Wilmington, North Carolina; perhaps best known for his song, ""The Devil Went Down to Georgia." Other songs include, "The Legend of Wooley Swamp," "Still in Saigon," and
he co-wrote the song "All Night Long" with Montgomery Gentry. Many albums and an active, popular performer since the 1950's.
http://www.charliedaniels.com/
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Headlines---
Correction: Van Etten in St. Louis
Correction: Bank Beat corrected on Line
Classified Ads---Credit
Classified Ads---Help Wanted
Equipment Acquisition Resources -Busted!
by Christopher Menkin
ELFA MFLI-25 Shows Leasing Business Off All Year
Survey Shows Leasing Confidence Basically Flat, too
Great News, My Son Comes Home in November!
Placard---I learned from my dog…
Danbury, Connecticut---Adopt a Pet
Sales Make it Happen by Steve Chriest
"A Sure Fire Winner"
CIT Sets the Record Straight
News Briefs----
CIT bankruptcy may come within a week
1000's protest bailout bonuses Chicago bank meeting
HP Financial Services CEO Growing Biz in Economy
At new job: Former ELFA Prez Bentsen talks up Muni's
Who's Ready to Buy or Lease Equipment Machinery
National Leasing Canada's New Office
More Than 500 Agencies, Creditors Sued In October
Guess? Founder Says CPAs Cost Him $100M
Newspaper circulation down 10.6%
Wynn & Harrah's 3Q profit drop/gamblers play it safe
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Today's Top Event in History
This Day in American History
California Nuts Brief---
Baseball Poem
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Traffic Live----
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Correction: Van Etten in St. Louis
"I am in St. Louis and working for TCF as SVP National Marketing manager. I haven't been in Texas in over 3 years. TCF is a terrific company, an industry leader and I'm proud to be with such a great organization."
Fred
Fred Van Etten
SVP, National Marketing Manager
TCF Equipment Finance
636-779-8223
fvanetten@tcfef.com
Leasing News has several times asked "Where is Fred Van Etten?"
(August 6, 2006 Frederick Van Etten was named the new President of Popular Leasing, U.S.A. He started McDonnell Douglas Finance Corp, Long Beach, California in 1978, then was transferred to Houston, 1981, finding top positions at Redstone Bank (Northwest Bank),First Sierra, Sterling Bank, MarCap, and then Popular Equipment Finance.)
http://www.leasingnews.org/archives/February%202009/02-23-09.htm#sold
http://www.leasingnews.org/Conscious-Top%20Stories/Fred_Van_etten.htm
Leasing "Flat" at TCF Financial
http://leasingnews.org/archives/October%202009/10-26-09.htm#Leasing_Flat
[headlines]
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Correction: Bank Beat corrected on Line
"Pertaining to your bank failure piece, you offered expanded information on Hillcrest Bank Florida, referencing Jeff Wheeler in the context that he is affiliated with Hillcrest Bank Florida, which is not correct.
With Jeff Wheeler as Chairman, Hillcrest Bank, Overland Park, KS, of which Hillcrest Commercial Leasing is a part, is a separate bank and is independent of Hillcrest Bank Florida. We do not share any of the same management, deposits, etc. with Hillcrest Bank Florida. The two entities are separate from each other.
I would greatly appreciate your correcting the article, and to mention that the failure of Hillcrest Bank Florida in no way has any impact on Hillcrest Bank/Hillcrest Commercial Leasing. I've included a few facts below:
- Hillcrest Bank / Commercial Leasing Facts:
- Over 30 years in banking
- Opened Denver market branch in May, 2009 (the recession was in full swing)
- Expanded TX markets with over $185,000,000 in deposits
- Growth of our retirement center branches to 32 with over $100,000,000 in deposits
- $1,800,000,000 ($1.8 B) institution that has the resources to weather severe economic downturns
- Our core markets are KS, MO, CO, TX with active leases in IL, WI, TN, FL, TX, LA, MO, KS and CO
- The Commercial Leasing portfolio has grown more than 70% between 2008 and 2009
- We are actively adding dealers and funding qualified lease transactions
- Hillcrest Bank did NOT take TARP/Bailout money
If you have any questions, please contact our VP of Marketing, Terri Monrad at 913-324-6187, or me at 913-324-6513.
Sincerely,
Chuck Cannata, Senior Vice President
Hillcrest Bank
Chuck Cannata
SVP, Commercial Leasing
Hillcrest Bank
11111 W. 95th Street
Overland Park, KS 66214
913-324-6513
913-492-0917 fax
ccannata@hillcrestbank.com
www.hillcrestbank.com
(Leasing News apologizes for the error as the appointment of Mr. Wheeler came from the Florida Business Journal and mentioned Hillcrest Bank but not the state, although in the story Overland Park is mentioned, his background and abilities were so good I thought it was a good contrast to how the bank could fail. That should have also been a flag. editor )
http://southflorida.bizjournals.com/southflorida/othercities/kansascity/stories/2009/04/27/daily26.html
Name
In Business Since
Contact
Website
Leasing Association
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125 |
TX, IL, TN, LA, FL, KS, MO, CO, WI |
$5,000 to $2,000,000 |
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N |
N |
N |
Y |
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program| D -"Private label Program" | E - Also "in house" salesmen
Chuck Cannata Joins Hillcrest:
http://www.leasingnews.org/archives/February%202008/02-18-08.htm#hill
[headlines]
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[headlines]
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Classified Ads---Help Wanted
Vendor/Dealer Leasing Professional, generous commission's package that can lead to base salary and benefits. Join a sales team that has all the right sales tools for developing a successful vendor program in many different industries.
Chris Chiappetta, Phone: 800-669-7527 ext. 1208, chris@netlease.com
National Machine Tool Financial Corp., funding vendor
programs since 1986. We offer competitive rates and a
credit staff dedicated to vendor programs.
www.netlease.com
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5 years experience with established vendor relationships.
We offer great funding capacity for transactions $10k to $10MM.
Quail Company's established for over 30 years.
Submit resume to: jrudin@quailcap.com
About the company: Quail Equipment Leasing 17 years in business with the ability to develop specialized programs for vendors and unique industries: $10K to $10MM.
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[headlines]
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Equipment Acquisition Resources -Busted!
by Christopher Menkin
"Last year, I was given the opportunity to finance $6MM of equipment to Equipment Acquisition Resources. I do not know how anyone who did a site visit and met with the Players and looked at the financials would lend them money. The financials were suspect and just the whole business model was suspect. I met Mr. Player and he gave me business card that showed him to be a consultant to the company. Long story short, I declined the transaction.
"Your site is testimony to the importance of using your site to keep on top of what is happening in the industry."
Craig H. Raddatz
Vice President
SL Financial Services Corporation
770 Lake Cook Road
Suite 270
Deerfield, IL 60015
mail : craigraddatz@slfinancial.com
http : www.slfinancial.com
Equipment Acquisitions Resources filed Chapter 11 Bankruptcy in the
Northern District of Illinois U.S. Bankruptcy Court on October 23, 2009 with a hearing scheduled for November 2, 2009 at 09:30 AM at 219 South Dearborn, Courtroom 680, Chicago, Illinois 60604.
William Brandt, of the turnaround firm Development Specialists Inc., who was selected by shareholders (not named) of EAR (after Chief Executive Officer Donna L. Malone and her husband, Sheldon Player, resigned on October 8th, 2009), told Bloomberg reporter Erik Larson, "This is a giant fraud, a Ponzi scheme which we discovered two days after we were put into it."
In making his presentation for a retainer and stating his hourly
fee, Brandt told the court in his filing:
"8.The Debtor owns and/or leases more than 2000 pieces of semiconductor manufacturing equipment. The Debtor is indebted to
multiple lenders that hold liens on various pieces of equipment…The Debtor's secured debt totals, in the aggregate, approximately $135 million. The appraised value of the Debtor's equipment is not known.
"9. Beginning in the fourth quarter of 2008, the Debtor experienced a
significant downturn in equipment sales. The downturn continued into 2009 precipitating a severe liquidity crisis and ultimately leading to this filing."
What follows is the list of the top 20 creditors. Not named on the list, but on the list of creditors to be notified, meaning they are not in the top 20, are pages and pages of leasing companies including, ABCO, Balboa Capital, Bank of the West, LEAF, Leasing One, OFC Credit, PenTech Financial via US Bank Manifest, US Bank, Varilease, just
to name a few. There are many banks as well as the IRS. (see
copy of filing at end of article. editor)
(Click for larger version)
- Note: this is from EAR accounting books and does not match law suit filings by several of the creditors with larger dollar amounts, such as Leasing One Corporation $2 million (not named as one of the top 20 creditors ) and ICON Capital at $21,599,653 (on the creditor's list for $18,733.10.)
William Brandt, representing EAR, filed the form requiring a $100,000 retainer noting his fee was $595 an hour with:
Senior Consultants: $425 to $595 an hour
Consultants: $250 to $420 an hour
Junior Consultants: $120 to $245 an hour
Attorneys representing the various leasing companies are registering
such as Thomas V. Askounis of Askounis & Darcy, PC on behalf of Lyon Financial Services & First Premier Capital along with Alex Darcy (IFC Credit/NorVergence fame, suing the IFC BK for $150,000 fees not paid). If the list is followed, there will be at least 30 attorneys or
more representing creditors.
Whether the collateral really exists is a question, as reports to Leasing News show EAR was a caught double dipping. At what locations and condition, including whether sold or subleased, is not known at this time either.
The amazing thing to me, and also to Bernie Boettigheimer, CLP, Lease Police, is how Sheldon Player got away with it so long after the first alert was in Leasing News in May, 2007, followed by the phony tax returns Don Blody caught when he was at Butler Capital (now
at Madison Capital), covered by Leasing News as well as other stories the last two years. Lease Police has a vendor file and knows beyond the credit of the lessee what the track record is with the vendor.
Yes, Blody caught it, as did Craig Raddatz, but how all these major credit grantors were fooled, especially Icon Capital for $25 million, is certainly worth a revaluation of "due diligence." Shame on ICON.
How much does the leasing industry have to lose before it looks at the vendor as much as it does the lessee?
"There is something fundamentally wrong with the way that we make credit decisions in our industry, "Lease Police Boettigheimer said. "The same mistakes are being repeated time and time again. It seems as if there is an imbalance between marketing, accounting, legal and credit management in many of the companies which have gotten in trouble lately.
"Too much emphasis has been placed on growth and market share and the reservations of quality credit personnel have often been ignored. On the other hand, those same credit people have been guilty of not being assertive of their opinions and concerns. The two 'Alerts' that I wrote about last week are classic examples of missed warning signals."
The companies named in the bankruptcy and lawsuits have officers and others in their employee who read Leasing News. Both Leasing
News and Lease Police have been aware of the situation since 2007.
This one story tells it all:
http://www.leasingnews.org/archives/May%202007/05-04-07.htm#deja
EAR files Chapter 11
http://leasingnews.org/PDF/EAR_Files_BK_11.pdf
List of top 20 Creditors in BK by EAR
http://leasingnews.org/PDF/EAR_BK_list_of_top_creditors.pdf
Motion by Brandt and list of all creditors to be notified
http://leasingnews.org/PDF/EAR_List_of_Creditors.pdf
Brandt filing to be listed to represent EAR
http://leasingnews.org/PDF/Brandt_elected_by_shareholders.pdf
Leasing News articles since May, 2007
http://www.leasingnews.org/Conscious-Top%20Stories/Sheldon_Player.htm
[headlines]
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ELFA MFLI-25 Shows Leasing Business Off All Year
(Leasing News Chart)
Despite the big jump from August to September, the quarterly chart
above shows at best what TCF Financial CEO William A. Cooper reported "leasing is flat." The actual percentage change from August to September was an increase of 27%, but from this year compared to last, it was a 31% difference the other direction.
(Click for larger version) (ELFA chart)
Small ticket and middle-size brokers, captive lessors, funders
have been reporting to Leasing News business has been off 40%
and some up to 60% from last year. There does not seem to
be much of an improvement, as noted by recent public filings
by banks on their leasing sales or income.
Credit Approvals better?
(Click for larger version) (ELFA chart)
Aging of receivables over 30 days up
(Click for larger version) (ELFA chart)
Charge-Offs are up
(Click for larger version) (ELFA chart)
Number of Employees continues downward
(Click for larger version) (ELFA chart)
(Click for larger version) (ELFA chart)
(Click for larger version) (ELFA chart)
(Click for larger version) (ELFA chart)
The Equipment Leasing and Finance Association MLFI-25 mix has
changed during the last two years (there are also 26).
ADP Credit Corporation
Bank of America
Bank of the West
Canon Financial Services
Caterpillar Financial Services Corporation
CIT
De Lage Landen Financial Services
Dell Financial Services
Fifth Third Bank
First American Equipment Finance
GreatAmerica
Hitachi Credit America
HP Financial Services
John Deere Credit Corporation
Key Equipment Finance
Marlin Leasing Corporation
National City Commercial Corp.
RBS Asset Finance
Regions Equipment Finance
Siemens Financial Services
Susquehanna Commercial Finance, Inc.
US Bancorp
Tygris Vendor Finance
Verizon Capital Corp
Volvo Financial Services
Wells Fargo Equipment Finance
MLFI-25 Reports:
http://www.leasingnews.org/Conscious-Top%20Stories/ELFA-Survey.htm
[headlines]
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Survey Shows Leasing Confidence Basically Flat, too
(Click for larger version)
The Equipment Leasing & Finance Foundation released the October 2009 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
From the Small-ticket segment:
"Still tenuous. I believe the small ticket sector has another 12 months to go until we see the stabilization of portfolio delinquency. I expect demand to increase into 2010 but it will be another year until we see a return to confidence and a return to better levels of business production."
Valerie Jester, Brandywine Capital Associates, Inc.
From the Middle Market segment:
"As the economy recovers in 2010 and 2011 I would forecast strong demand for traditional loans and leases. The ELFA member market share of the corporate Capex spending should increase creating stronger operating results for these companies."
John McQueen, Wells Fargo Equipment Finance, Inc.
From the Large-ticket segment:
"Cautiously optimistic. There is still significant de-leveraging activity and capital preservation going on. However, there are some initial signs that capex and expenditure on equipment are turning positive."
Roland Chalons-Browne, Siemens Financial Services
October 2009 Survey Results:
o 70% of survey respondents believe demand for leases and loans to fund Capital Expenditures will remain the same over the next four months, up from 61.4% in September. 22.5% believe demand will increase, while 7.5% believe demand for leases and loans to fund Capital Expenditures will decrease over the next four months.
o The majority of survey respondents, 90% of executives expect the same or slightly more access to capital to fund equipment acquisitions over the next four months, down slightly from 93.1% in September.
o When asked, 27.5% of the executives reported they expect to have fewer employees in their company over the next few months, compared to 20.5% in September. 17.5% expect to have an increase in their workforce over the next four months and 55% indicate they will have no change in workforce in the near future.
o The majority of the leadership, 62.5% continue to evaluate the current U.S. economy as "poor" which is an improvement from 72.7% who rated the economy as "poor" in September.
o A 40% of survey respondents now believe the U.S. economic conditions will get "better" over the next six months, a decrease from 54.5% of those who responded in September and 52.5 % believe the US economy will "stay the same" during the same period.
Full Survey available at:
http://www.leasefoundation.org/IndRsrcs/MCI/
[headlines]
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Great News, My Son Comes Home in November!
"I'm scheduled to convoy outta here into Kuwait in less than 2 weeks... Will go thru a warrior transition program (it's a decompression program gets you ready to enter back into society) should be stateside around the 13th of November???? I'm doing okay...apprehensive and nervy, but ready to come home.
"Had an awards ceremony the other day...got my first army combat service medal, I'll send it your way for safekeeping ... then retrieve it back., it was a good write up, probably the hardest thing I ever did...
"Have a glass of merlot and think of me.... ;)"
And he's going to going back to being a sailor. More about that when
he returns. Kit Menkin.
[headlines]
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[headlines]
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Danbury, Connecticut---Adopt a Pet
Name: Dixie
Breed: Jack Russell Terrier / Beagle / Mixed (short coat)
Gender: Female
Age: Young
Size: Medium
Description: Dixie is a super sweet 7 month old little JRT / Beagle girl that was surrendered by her owners. She loves everyone she comes in contact with and adores other dogs as well. She is housebroken and just loves to be curled up next to you on the couch. Dixie will be available for adoption at PawSafe's adoption event on Saturday Oct 31 from 10-12 at Agriventures Agway, 92 Mill Plain Road, Danbury CT.
http://www.pawsafe.org/
[headlines]
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Sales Make it Happen
Steve Chriest
"A Sure Fire Winner"
As a sales professional, there is at least one sure-fire way to increase your value to your company and to any organization - learn to read and understand financial statements.
Jessica Byrnes wrote to CFO magazine recently and said "There is not a single person working is a U.S. public company…who should not be able to read and understand a financial statement. While this may be true, another reader, Dave Kosek, wrote that Ms. Byrnes was "…out of touch with reality." He continued, "I would bet that more than half of the people in management of our U.S. public companies cannot read or understand a financial statement, not to mention the people who actually do the work!"
An outsider might think that surely everyone in the equipment finance business would know all about financial statements, but that doesn't seem to be true. I am told, in fact, that a great many salespeople in the finance industry don't know much, if anything, about financial statements.
I think most managers would agree that many equipment finance salespeople don't need to become experts in reading financial statements. Unless a salesperson is coincidentally involved in structuring transactions that requires expertise in financial analysis, it may not be necessary to become an expert in analyzing financials, but understanding the basics of financial statements can't hurt professionally, and can help salespeople personally.
In keeping with my perspective that people change behaviors only when they perceive something beneficial in it for them to do so, here is my short list of the benefits to leasing salespeople of learning to read and understand financial statements:
- The ability to read and understand financial statements will make you appear smarter.
- You will build credibility in your organization with your managers, credit analysts and senior managers.
- You will build credibility with your customers as you demonstrate through analysis that you truly understand their business.
- You will save yourself gobs of time as you learn to pass on deals that you know will waste the time of credit analysts and will lead to frustration for everyone.
- You will gain confidence and independence when making personal investment decisions.
From a selfish perspective, assisting credit analysts with an educated point of view on a deal, or saving them time by discarding deals that don't make the grade from a financial analysis perspective, will naturally position you in the eyes of the credit analysts as a professional who cares about their time and workload. Don't be surprised when most analysts are willing to listen to you when you want to present a deal that doesn't quite fit the credit box, but may deserve consideration based on other criteria.
Finally, achieving some level of expertise in understanding financial statements can actually be fun. When you understand that all businesses, sooner or later, suffer from commoditization and become white elephants, that "profit" isn't the end-game of business, but is instead the ultimate cost of staying in business, and that without profits, and real free cash flow, a company is unable to continue the investments it must make to stay competitive, you begin to look at a company's financials with a different perspective. You may even come up with an idea no one else has thought of for keeping a business profitable or helping a business out of trouble.
If you are truly looking for a way to become a more valuable resource to your company, and to your customers, learn about financial statements. There are more resources than ever to help you learn, and you will profit professionally and personally!
About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling The E-Suite, The Proven System For Reaching and Selling Senior Executives and Five Minute Financial Analyst, Basic CREDIT & Analysis Tools for Non-Accountants. You can reach Steve at schriest@selling-up.com.
Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.html
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[headlines]
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### Press Release ##########################
CIT Sets the Record Straight
NEW YORK----CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today corrected important inaccuracies contained in an open letter from Carl Icahn to smaller CIT bondholders. Mr. Icahn is seeking to convince smaller bondholders to vote against the Company's proposed restructuring plan now in exchange for his ill-defined promise that some of Mr. Icahn's unidentified "affiliated entities" will eventually deliver on that vague promise.
Over the last several months, CIT has worked together with a diverse group of bondholders in developing a comprehensive restructuring plan to position CIT for future success. The successful completion of either the exchange offers or plan of reorganization will generate significant capital and liquidity. CIT and many of its bondholders believe this plan maximizes franchise value. Importantly, under CIT's plan all bondholders within the same class, large and small, are treated equally.
Mr. Icahn has also misrepresented the fundamental economics of the Company's restructuring plan. As described in CIT's plan of reorganization, senior unsecured bondholders would receive consideration of $700 in new secured bonds for every $1,000 of existing bonds, in addition to equity consideration which would allow for participation in future value created by the Company. In addition, under the Company's plan, bondholders would receive substantially all of the equity of CIT.
CIT also clarified several facts that were misrepresented in Mr. Icahn's letter related to its corporate governance and use of cash, both of which are detailed in the Amended Offering Memorandum. First, CIT's Board of Directors will be comprised of a majority of new independent members, a significant number of whom will be proposed by the Company's bondholders. In addition, CIT Chairman and Chief Executive Officer Jeffrey M. Peek has announced his resignation effective December 31st.
Second, with regard to restrictions on the use of cash, contrary to Mr. Icahn's assertions, CIT has incorporated into its plan a cash control process that places restrictions on the reinvestment of cash into the business and ensures that certain cash flows are used to accelerate the repayment of debt.
Through the restructuring and substantial deleveraging featured in CIT's plan, whether completed in or out of court, the Company is confident that CIT will emerge as a strong bank holding company with improved capital, liquidity and earnings potential. CIT remains fully committed to serving its small business and middle market customers, as it has for more than 100 years.
For Additional Information
A pre-recorded webcast presentation from CIT's senior management team covering the Company's current restructuring plan is available on its website (http://ir.cit.com). Further information about the Company, its restructuring plan, including the amended offering memorandum, is available at www.cit.com and by calling D.F. King & Co. at (800) 758-5880 or +1 (212) 269-5550.
The CIT Group Inc. exchange offers expire at 11:59 p.m., New York City time, on Thursday, October 29, 2009, with the exception of the additional notes maturing after 2018 for which there is an early acceptance date of October 29, 2009 and expiration date of November 13, 2009. The Delaware Funding Offers expire at 11:59 p.m. New York City time on Thursday, November 5, 2009 and have an Early Tender Date of October 29, 2009. Tendered securities may be validly withdrawn at any time prior to the expiration, early acceptance or early tender dates.
Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com
About CIT
CIT (NYSE: CIT) is a bank holding company with more than $60 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, retail finance, aerospace, equipment and rail leasing, and vendor finance. Founded in 1908 and headquartered in New York City, CIT is a member of the Fortune 500. www.cit.com
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(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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News Briefs----
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You May have Missed---
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Sports Briefs----
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California Nuts Briefs---
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"Gimme that Wine"
Wine Prices by vintage
http://www.winezap.com
US/International Wine Events
http://www.localwineevents.com/ http://www.wine-searcher.com/
Winery Atlas
http://www.carterhouse.com/atlas/
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines] ----------------------------------------------------------------
Today's Two Top Event in History
1886- Frederic Auguste Barthold's famous sculpture, the statue of Liberty Enlightening the World, on Bedloe's Island in New York Harbor was dedicated. A sonnet by Emma Lazarus, inside the pedestal of the statue, contains the words: "Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door." Here is a little known fact, when the Statue of Liberty was dedicated in New York Harbor, women were barred from the ceremony because it would be too crowded and rough for the ladies, the city declared, but a group of women chartered a boat and circled the island singing and shouting women's rights messages
1962-Withdrawal of Soviet missiles, under UN inspection, and a halt to construction of bases in Cuba, was agreed to by Premier Krushchev. Pres. Kennedy agreed to lift the trade and weapons ban when the UN had acted, and pledged that the U.S. would not invade Cuba.
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This Day in American History
1492--- Christopher Columbus discovers Cuba. He and his men take many slaves back to Spain, their main bounty in the mission.
1646- At Nonantum, Mass., colonial missionary John Eliot ("Apostle to the New England Indians"), 42, conducted the first Protestant worship service for the Indians of North America. He also delivered the first sermon preached to the Indians in their native tongue.
1768 - Germans and Acadians joined French Creoles in their armed revolt against Antonio de Ulloa the Spanish governor of New Orleans. This combined militia will force his resignation the next day.
1776--- Battle of White Plains; Washington retreats to NJ. The American forces were dislodged from their position, but once again Howe failed to pursue his opponents and waited for reinforcements. By November 1, the British were ready to resume their offensive, but a heavy wind and rain storm slowed their progress. Washington took advantage of the British lethargy and retreated northward to another hilltop location, this time about five miles away near the town of North Castle. Washington and his dispirited army believed that a major, perhaps decisive, battle would occur within the next few days. To their utter amazement, dawn on November 4 brought the sight of the British turning their backs on the lightly entrenched Americans and beginning a march back to Manhattan. Washington made a crucial decision to divide his army and led about 2,500 men into New Jersey
http://www.myrevolutionarywar.com/battles/761026.htm
1790 ---New York gives up claims to Vermont for $30,000
1793-Eli Whitney applies for a patent on the cotton gin. According to history one of his black slaves had come up with the idea from using a comb to a cylinder, in which he had made a prototype of wood. Upon seeing it, Whitney made some experiments, put it to paper, and sent a letter to register the idea. He then spent a year making a metal prototype. He called it a cotton gin (short for “engine.” It turned quickly, easily separating cottonseed from the short-staple cotton fiber. Whitney's cotton gin was capable of maintaining a daily output of 23 kg (50 lb) of cleaned cotton, and its effect was far-reaching, making southern cotton a profitable crop for the first time. Whitney, however, failed to profit from his invention. Numerous imitations appeared, and his 1794 patent was not validated until 1807. In 1798, Whitney obtained a government contract to make 10,000 muskets. He demonstrated that machine tools--manned by workers who did not need the highly specialized skills of gunsmiths--could produce standardized parts to exact specifications, and that any part could be used as a component of any musket. The firearms factory he built in New Haven, Conn., was thus one of the first to use mass production methods.
http://www.pbs.org/wgbh/aia/part3/3h1522.html
http://www.suite101.com/article.cfm/african_american_history/61415
1798-Birthday of Levi Coffin, founder of The Underground Railroad, born New Garden, North Carolina.
http://www.indianahistory.org/heritage/levic.html
http://www.visitrichmond.org/history/levicoffin/
http://www.waynet.org/nonprofit/coffin.htm
http://www.spartacus.schoolnet.co.uk/USAScoffin.htm
http://www.walmart.com/catalog/product.gsp;jservsessionid=6183044723fd99786b3ce31
3e3fe6bd11f1f51f80_10-15-20-208.86.1035589086776.:0f?product_id=1047862&sourceid
=0100000030390613102498
1842-Birthday of Anna Elizabeth Dickinson, influential American orator and author of the Civil War era, born at Philadelphia, PA. As an advocate of abstinence, abolition and woman suffrage, she earned the nickname, “American Joan of Arc.” She died on October 22, 1932.
1846-The pioneering Donner Party, a group of 90 people consisting of immigrants, families and businessmen led by George and Jacob Donner and James F. Reed, head toward California from Springfield, IL, in hopes of beginning a new life. They experienced the normal travails of caravan travel until their trip took several sensational twists, Indian attacks and winter weather which forced them to interrupt their journey led to famine and outright cannibalism which took their toll on members of the party whose numbers dwindled to 48 by journey's end.
1864- Second Battle of Fair Oaks located on the defensive perimeter around the Confederate capital of Richmond. General Robert E. Lee's army constructed five lines of trenches that stretched 25 miles south to Petersburg. For five months, Lee's troops had been under siege by the forces of Union General Ulysses S. Grant. The monotony of the siege was broken only periodically by a Union attempt to break Lee's lines. One such attack came at Hatcher's Run, southwest of Petersburg, on October 27. At the same time, Grant ordered an attack at Fair Oaks, about 24 miles from the assault at Hatcher's Run. The Richmond defenses were formidable, so any direct assault was unlikely to succeed. By attacking at Fair Oaks, Grant hoped to prevent Lee from shifting any troops along the Richmond-Petersburg line to reinforce the lines at Hatcher's Run. Some 1100 Union men were killed, wounded, or captured during the attack, while the Confederates lost just 450. The planned diversion did not work--at the far end of the defenses, the Yankees failed to move around the end of the Confederate line at Hatcher's Run.
1864- Battle of Wauhatchie, TN, one of the few night engagements of the Civil War, won by the Union troops to open up a badly needed supply route, establishing what was then called “The Cracker Line.”
http://www2.cr.nps.gov/abpp/battles/tn021.htm
1864- In the midst of the Battle of Burgess' Mill VA, cavalry commander CS Gen Wade Hampton came upon his sons - mortally wounded Frank Preston Hampton and Wade Hampton, Jr. who had been shot while coming to his brother's aid.
1875- Birthday of Gilbert H. Grosvenor, the editor credited with transforming National Geographic Magazine from a small scholarly journal into a dynamic world-renowned monthly, born at Istanbul , Turkey, died 1966.
(Lower half of: http://memory.loc.gov/ammem/today/oct28.html)
1886- Frederic Auguste Barthold's famous sculpture, the statue of Liberty Enlightening the World, on Bedloe's Island in New York Harbor was dedicated. A sonnet by Emma Lazarus, inside the pedestal of the statue, contains the words: "Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door." Here is a little known fact, when the Statue of Liberty was dedicated in New York Harbor, women were barred from the ceremony because it would be too crowded and rough for the ladies, the city declared, but a group of women chartered a boat and circled the island singing and shouting women's rights messages.
1896-Birthday of Howard Hanson, composer/conductor/educator born Wahho, NE. In 1921 he became the first American to win the Prix de Rome. In 1924 eh became head of the Eastman School of Music at the University of Rochester, NY, where he served for 40 years. Best known for the music he composed, Hanson was awarded the Pulitzer Prize as outstanding contemporary composer in 1944 for his composition Symphony No. 4, the George Forster Peadboy Award in 1946, the Laurel Leaf of the American Composers Alliance in 1957 and the Huntington Foundation Award in 1959. He died at Rochester, Feb 26, 1981 949-Helen Eugene Moore Anderson became the first woman to hold the post of US ambassador when she was worn in by President Harry S. Truman . She served as Ambassador to Denmark.
1904-St Louis police try a new investigation method-fingerprints.
http://www.onin.com/fp/fphistory.html
1907-Birthday of alto sax player Rudy Power, New York City, NY
1914-Birthday of Jonas Salk, developer of the Salk polio vaccine, born at New York, New York. Salk announced his development of a successful vaccine in 1953, the year after a polio epidemic claimed some 3,300 lives in he US. Polio deaths were reduced by 95 percent after the introduction of the vaccine. Salk spent the last 10 years of his life doing AIDS research. He died June 23, 1995 at La Jolla, CA. 1919- Congress passed the Volstead Act ,prohibiting the "manufacture, sale, or transportation of intoxicating liquors" in the United States. The Roaring Twenties were about to begin. A little known fact, the Volstead Act did cut down the alcoholic rate in the United States, with less fatalities and family problems. Many of the nightclubs legally sold alcohol beverages as anything in their inventory was “legal.” Crime in the Midwest was rampant before the 1920's. The advent of the machine gun and automatic weapons increased the crime rate, not the commerce of alcohol from Canada and Mexico.
http://memory.loc.gov/ammem/today/oct28.html
1916 Birthday of Trombone player/composer Bill Harris.
http://shopping.yahoo.com/shop?d=product&id=1927005706&clink=dmmu.artist&a=b
1919 - Congress passed the National Prohibition Enforcement Act, otherwise known as the Volstead Act, on this date. The Volstead Act authorized the enforcement of the 18th Amendment, ratified on 29 January 1919. The Act authorized the Coast Guard to prevent the maritime importation of illegal alcohol. This led to the largest increase in the size and responsibilities of the service to date.
1928-Birthday of accordion player Iry LeJeune, Point Noir, LA
http://www.cajunculture.com/People/LeJeuneIry.htm
http://www.cajunfrenchmusic.org/biographies/lejeune-i.htm
http://www.carencrohighschool.org/la_studies/ParishSeries/FrenchMusic/IryLejeune.htm
http://www.amazon.com/exec/obidos/ASIN/B000001O54/avsearch-musicasin-20/
103-0570268-6906239
1928-The First Men's Field Hockey Game: The Westchester Field Hockey Club of Rye, NY, defeated the Germantown Cricket Club of Germantown, PA, 2-1, in the first organized men's field hockey game played in the US.
1936 - The temperature at Layton, NJ, dipped to 9 above zero to establish a state record for the month of October.
1938-John Kirby records his trumpet man Charlie Shavers's “Undecided,” Decca.
1939-Birthday of singer Andy Bey, Newark, NJ
1944--ADAMS, LUCIAN Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, 30th Infantry, 3d Infantry Division. Place and date: Near St. Die, France, 28 October 1944. Entered service at: Port Arthur, Tex. Birth: Port Arthur, Tex. G.O. No.: 20, 29 March 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty on 28 October 1944, near St. Die, France. When his company was stopped in its effort to drive through the Mortagne Forest to reopen the supply line to the isolated third battalion, S/Sgt. Adams braved the concentrated fire of machineguns in a lone assault on a force of German troops. Although his company had progressed less than 10 yards and had lost 3 killed and 6 wounded, S/Sgt. Adams charged forward dodging from tree to tree firing a borrowed BAR from the hip. Despite intense machinegun fire which the enemy directed at him and rifle grenades which struck the trees over his head showering him with broken twigs and branches, S/Sgt. Adams made his way to within 10 yards of the closest machinegun and killed the gunner with a hand grenade. An enemy soldier threw hand grenades at him from a position only 10 yards distant; however, S/Sgt. Adams dispatched him with a single burst of BAR fire. Charging into the vortex of the enemy fire, he killed another machine gunner at 15 yards range with a hand grenade and forced the surrender of 2 supporting infantrymen. Although the remainder of the German group concentrated the full force of its automatic weapons fire in a desperate effort to knock him out, he proceeded through the woods to find and exterminate 5 more of the enemy. Finally, when the third German machinegun opened up on him at a range of 20 yards, S/Sgt. Adams killed the gunner with BAR fire. In the course of the action, he personally killed 9 Germans, eliminated 3 enemy machineguns, and vanquished a specialized force which was armed with automatic weapons and grenade launchers, cleared the woods of hostile elements, and reopened the severed supply lines to the assault companies of his battalion.
1944--BROSTROM, LEONARD C. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company F, 17th Infantry, 7th Infantry Division. Place and date: Near Dagami, Leyte, Philippine Islands, 28 October 1944. Entered service at: Preston, Idaho. Birth: Preston, Idaho. G.O. No.: 104, 15 November 1945. Citation: He was a rifleman with an assault platoon which ran into powerful resistance near Dagami, Leyte, Philippine Islands, on 28 October 1944. From pillboxes, trenches, and spider holes, so well camouflaged that they could be detected at no more than 20 yards, the enemy poured machinegun and rifle fire, causing severe casualties in the platoon. Realizing that a key pillbox in the center of the strong point would have to be knocked out if the company were to advance, Pfc. Bostrom, without orders and completely ignoring his own safety, ran forward to attack the pillbox with grenades. He immediately became the prime target for all the riflemen in the area, as he rushed to the rear of the pillbox and tossed grenades through the entrance. Six enemy soldiers left a trench in a bayonet charge against the heroic American, but he killed 1 and drove the others off with rifle fire. As he threw more grenades from his completely exposed position he was wounded several times in the abdomen and knocked to the ground. Although suffering intense pain and rapidly weakening from loss of blood, he slowly rose to his feet and once more hurled his deadly missiles at the pillbox. As he collapsed, the enemy began fleeing from the fortification and were killed by riflemen of his platoon. Pfc. Brostrom died while being carried from the battlefield, but his intrepidity and unhesitating willingness to sacrifice himself in a l-man attack against overwhelming odds enabled his company to reorganize against attack, and annihilate the entire enemy position.
1946 - Our favorite flying cowboy was heard on ABC radio for the first time. "Sky King" starred Jack Lester, then Earl Nightingale, and finally, Roy Engel, as Sky. Beryl Vaughn played Sky's niece Penny; Jack Bivens was Chipper and Cliff Soubier was the foreman. "Sky King" was sponsored by Mars candy.
1949-Birthday of William Bruce Jenner, sportscaster., Olympic gold medal decathlete, born Mount Kisco, NY.
1950-“The Jack Benny Program” premiered on television. One of radio's favorite comedians, Jack Benny made the transition to favorite TV personality with this situation comedy-variety show in 1950. In March 1932, then-newspaper columnist Ed Sullivan, dabbling in radio, asked Benny, a star in vaudville, to do an on-air interview. Benny reluctantly agreed. His comedy, though, was so successful that Benny was offered his own show In many of these skits, Benny portrayed himself as a vain egomaniac and notorious pinchpenny who refused to replace his (very noisy) antique car and who kept his money in a closely guarded vault. His regulars included his wife, whose character, Mary Livingstone, deflated Benny's ego at every opportunity; Mel Blanc, who used his famous voice to play Benny's noisy car, his exasperated French violin teacher, and other characters; and Eddie Andersen, one of radio's first African American stars, who played Benny's long-suffering valet, Rochester Van Jones. The program ran until 1955. One of my favorite lines came from a skit where a robber sticks a gun in his ribs and says, “Your money or life? “ The silence went on for many minutes, until Benny turns deadpan to the camera and answers, “I'm THINKING! “
1950-"All My Love" by Patti Page topped the charts and stayed there for 5 weeks.
1951--BURKE, LLOYD L. Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, Company G, 5th Cavalry Regiment, 1st Cavalry Division. Place and date: Near Chong-dong, Korea, 28 October 1951. Entered service at: Stuttgart, Ark. Born: 29 September 1924, Tichnor, Ark. G.O. No.: 43. Citation: 1st Lt. Burke, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. Intense enemy fire had pinned down leading elements of his company committed to secure commanding ground when 1st Lt. Burke left the command post to rally and urge the men to follow him toward 3 bunkers impeding the advance. Dashing to an exposed vantage point he threw several grenades at the bunkers, then, returning for an Ml rifle and adapter, he made a lone assault, wiping out the position and killing the crew. Closing on the center bunker he lobbed grenades through the opening and, with his pistol, killed 3 of its occupants attempting to surround him. Ordering his men forward he charged the third emplacement, catching several grenades in midair and hurling them back at the enemy. Inspired by his display of valor his men stormed forward, overran the hostile position, but were again pinned down by increased fire. Securing a light machine gun and 3 boxes of ammunition, 1st Lt. Burke dashed through the impact area to an open knoll, set up his gun and poured a crippling fire into the ranks of the enemy, killing approximately 75. Although wounded, he ordered more ammunition, reloading and destroying 2 mortar emplacements and a machine gun position with his accurate fire. Cradling the weapon in his arms he then led his men forward, killing some 25 more of the retreating enemy and securing the objective. 1st Lt. Burke's heroic action and daring exploits inspired his small force of 35 troops. His unflinching courage and outstanding leadership reflect the highest credit upon himself, the infantry, and the U.S. Army.
1952---Top Hits
You Belong to Me - Jo Stafford
Wish You Were Here - Eddie Fisher
I Went to Your Wedding - Patti Page
Jambalaya (On the Bayou) - Hank Williams
1955 –Birthday of William H. Gates, Seattle, Washington. Gates and his childhood friend Paul Allen began programming in high school, when they created and sold a program to control traffic patterns in Seattle. Gates dropped out of Harvard in 1975 after he and Allen created a compiler for the BASIC computing language and sold it to fledgling PC company MITS. In 1977, Gates and Allen founded Microsoft and built the company by creating versions of BASIC for various personal computers. The company's biggest break came in 1981, when IBM introduced the IBM PC, running Microsoft DOS as its operating system. Microsoft's lock on the operating system market grew stronger, and Gates became one of the wealthiest men in America by the time he turned thirty-five. Today he is the wealthiest individual in the United States.
1955- A local kid from Lubbock, TX opened a concert for Marty Robbins and Elvis Presley. In the audience was a youngster by the name of Scott Davis. He would later become a superstar. We know him as Mac Davis. The kid who opened the concert was Buddy Holly.
1958- In San Francisco, construction begins on the Giants' new ballpark in an area where the rocks look like candlesticks jutting into the San Francisco Bay. The developer gifts the land with the stipulation the park be named after him.
1960-Top Hits
I Want to Be Wanted - Brenda Lee
The Twist - Chubby Checker
Devil or Angel - Bobby Vee
Alabam - Cowboy Copas
1960--- - The American Football League granted their seventh franchise to Buffalo with Ralph C. Wilson, Jr. of Detroit as principal owner
http://www.buffalobills.com/history/index.cfm?include=/includes/chronology_60.htm
1961 -Ground is broken for the Flushing Meadow Stadium; the future home of the New York Mets will be known as Shea Stadium in honor of Bill Shea, a lawyer who helped to bring back the NL to the Big Apple.
1961- Chuck Berry was one of the biggest pop stars of the late 1950s when he began to have legal problems. While charges in yet another Mann Act violation were pending (which were dismissed in 1960), Berry met Janice Escalante, a Native American with roots in the Apache tribe, in a bar in El Paso, Texas. According to Berry, who took the young woman on the road with his traveling rock show, Escalante claimed to be 21 years old. After there was a falling out between the two, Escalante complained about Berry to the authorities. During his second trial, the prosecution produced a birth certificate proving that Escalante was a mere 14 years old. Berry was convicted and sentenced to three years in prison. After a short stretch in Leavenworth Federal Prison, he was transferred to a Missouri jail, where he spent his time studying accounting and writing songs. Among the songs he wrote before his release from prison in October 1963 were "No Particular Place to Go" and "You Never Can Tell," later memorialized in the film Pulp Fiction
1961 - Brian Epstein, a record store owner in London, was asked by a customer for a copy of the record, "My Bonnie", by a group known as The Silver Beatles. He didn't have it in stock so he went to the Cavern Club to check out the group. He signed to manage them in a matter of days and renamed them The Beatles.
1961 - Groundbreaking ceremonies were held for the Municipal Stadium at the former site of the New York World's Fair in Flushing, NY. The name was later changed to Shea Stadium, after New York Commissioner William A. Shea.
1962 - New York quarterback Y.A. Tittle completes 27 of 39 passes for 505 yards and a record-tying seven touchdown passes in the Giants' 49-34 victory over Washington at Yankee Stadium.
1962-Withdrawal of Soviet missiles, under UN inspection, and a halt to construction of bases in Cuba, was agreed to by Premier Krushchev. Pres. Kennedy agreed to lift the trade and weapons ban when the UN had acted, and pledged that the U.S. would not invade Cuba.
1964-Marietta Peabody Tree was sworn in to the Trusteeship Council of the United Nations, becoming the first United Nations permanent ambassador who was a woman. She had served since 1961 as a United Nations delegate.
1965 - The Gateway Arch (630ft/192m high), St. Louis, Missouri, was completed. Construction had begun Feb 29, 1964.
1965 ---Pope Paul VI decrees that Jews are absolved of blame for the crucifixion of Christ.
1967- Actress/producer Julia Roberts birthday, born Smyrna, GA.
1968---Top Hits
Hey Jude - The Beatles
Little Green Apples - O.C. Smith
Those Were the Days - Mary Hopkin
Then You Can Tell Me Goodbye - Eddy Arnold
1969-Charges that an illegal war in Laos was being conducted without congressional knowledge or consent were leveled against President Richard Nixon, the administration and the Pentagon by Senator J. William Fullbright, chairman of the Senate Foreign Relations Committee.
1970-Ky marshals were appointed in accordance with President Richard M. Nixon's presidential directive to deal with the proliferation of hijackings of commercial airplanes. The Treasury Law Enforcement Officers Training School graduated 46 marshals on December 23, 1970, and 81 marshals, including four women, on April 9, 1971.
1971-Aa severe early season blizzard raged through the plateau and Rocky Mountain region. Heavy snows blocked railroads and interstate highways. Record cold accompanied the storm. Lander, WY was buried under 27 inches of snow and the temperature at Big Piney, WY plunged to 15 degrees below zero
1972-Birthday of football player Terrell Davis, San Diego, CA.
1973 –Secretariat, the colt many considered the greatest thoroughbred race of all time, concluded his career with a victory in the Canadian International Championships at Woodbine Race Course. His jockey on this occasion was Eddie Maple, substituting for the suspended Ron Turcotte..
1974 - Rhoda Morgenstern made TV history as she married Joe Girard on "Rhoda" on CBS. The show was a spin-off from the hugely successful "The Mary Tyler Moore Show".
1976---Top Hits
If You Leave Me Now -Chicago
Still the One - Orleans
Rock'n Me - Steve Miller
You and Me - Tammy Wynette
1977-Steve Perry makes his first concert appearance with Journey at the Old Waldorf in San Francisco. He would lead them to 17 Billboard Top 40 entries over the next ten years.
1978 - Nick Gilder's "Hot Child in the City" was the number one single on the "Billboard Hot 100". The hit was a track from Gilder's "City Nights" album.
1980 - Annette Funicello, Cubby O'Brien, Tommy Cole, Sherry Alberoni and Dickie Dodd joined other Mouseketeers wearing black ears and white shirts on a sound stage in Burbank, CA. They were celebrating the 25th anniversary of the "Mickey Mouse Club". While we're celebrating the "Mickey Mouse Club", do you remember the five special events each week? There was Fun with Music Day on Monday, Guest Star Day on Tuesday, Anything Can Happen Day on Wednesday, Circus Day on Thursday and Talent Roundup Day on Friday. “Y? Because we LIKE you!”
1981 - Game 6 of the World Series saw the Los Angeles Dodgers storm back, winning their forth straight game (9-2), and the championship, after having been down two games to none to the New York Yankees. Rookie pitcher Fernando Valenzuela started the Dodger comeback, and batters Ron Cey, Pedro Guerrero, Steve Garvey, and Steve Yeager took them the rest of the way. There had been genuine concern that snow might interfere with the Fall Classic since it was being played so late in the season in New York City. And we worry about that every year that there's a World Series game in a northern city...
1981--- Edward M McIntrye elected first black mayor of Augusta Georgia
1984---Top Hits
I Just Called to Say I Love You - Stevie Wonder
Caribbean Queen (No More Love on the Run) - Billy Ocean
Hard Habit to Break - Chicago
If You're Gonna Play in Texas (You Gotta Have a Fiddle in the Band) - Alabama
1986 - In the Neiman-Marcus catalogue this day, the store offered, as a unique holiday gift, a 100-year subscription to "The Wall Street Journal" -- for just $6,000. That was a $5,400 saving over the regular 100-year rate!
1988 - Arctic cold invaded the north central U.S. Valentine, NE, dipped to 8 degrees, and Cutbank, MT, reported a morning low of one degree above zero. The temperature at Estes Park CO dipped to 15 degrees, but then soared thirty degrees in less than thirty minutes.
1989 - The Oakland Athletics beat the San Francisco Giants 9-6 to complete a four-game sweep of the World Series, the first World Series sweep since 1976. The A's scored first in every game and never lost the lead once. Oakland pitcher Dave Stewart pitched two games, won two games, struck out fourteen hitters in sixteen innings, had an earned run average of 1.69 and was named MVP. The Series will be remembered not only for the A's dominance, but also for the earthquake before game three that killed sixty- seven people in the San Francisco Bay area.
1989 - A storm crossing the western U.S. produced 10 to 20 inches of snow across northern and central Wyoming, with 22 inches reported at Burgess Junction. Seven cities in the Lower Ohio Valley and the Upper Great Lakes Region reported record high temperatures for the date as readings again warmed into the 70s. Alpena MI reported a record high of 75 degrees.
1991-Yakima, WA recorded 2.4 inches of snow, equaling the record for October.
1995 - Atlanta Braves right fielder David Justice broke a scoreless tie with the Cleveland Indians. It was a solo home run in the bottom of the sixth in Game 6 of the World Series, and it was all the Braves would need. Pitcher/Series MVP Tom Glavine allowed just one hit in eight innings, and Mark Wohlers pitched a perfect ninth to seal the championship, the first in Atlanta's history.
1996-Newspapers reported that Egghead, Inc. had started delivering software via the Internet directly to customers' computers, a major innovation at the time.. The move made Egghead the first major software retailer to deliver programs over the Internet. Egghead closed about half its retail stores in 1996, and in 1998, the company closed all its bricks-and-mortar stores and moved its entire sales operation to the Web.
1997-The National Basketball association hired five new referees for the 1997-98 season, including the first two women ever, Dee Kanter and Violet Palmer both had extensive experience working women's college games and both worked exhibition games as a trial. Palmer got her first regular season assignment on October 31 in Vancouver. Kantner worked her first game on November 5, Philadelphia.
2002 -The Mets, after being unable to get permission to talk to Lou Piniella from Seattle and deciding not to wait ten days after World Series for the availability Giant skipper Dusty Baker, give Art Howe a four-year, $9.4 million deal to manage the team. New York's new skipper managed the A's to two AL West titles (2000, 2002) championships with his teams winning 383 games during the last four seasons matching Joe Torre's Yankee total.
World Series Champions This Date
1981 Los Angeles Dodgers
1989 Oakland Athletics
1995 Atlanta Braves
2007-- During the middle of Game 4 of the World Series between the Red Sox and World Series, S.I. com reports Alex Rodriguez has decided to opt out of his contract with the Yankees. The timing of the announcement and being a no-show at the game to receive the Hank Aaron Award, which honors the most outstanding offensive performer in each league, is severely criticize by fans and the media.
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Baseball Poem
Final Play
Donna J. Gelagotis Lee
the pitcher winding up---
the sun throwing
his shadow
from Line Drive, 100 Contemporary Baseball Poems
edited by Brooke Horvath and Tim Wiles,
Published by Southern Illinois University Press
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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Daily Puzzle
How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
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http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx
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Weather
See USA map, click to specific area, no commercials
http://www.weather.gov/
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