Amur Finance Company Sued
 on Warehouse Loan Agreement
By Tom McCurnin
Leasing News Legal Editor

But Poorly Drafted Default Clause Allows Amur Finance
To Escape Summary Judgment

Pine River Master Fund v Amur Financial CA No. 2017-0145 (Chancery Court, Delaware 2017). 

Multi-Million dollar credit agreements are complicated and often are filled with multiple schedules, ancillary agreements and details that are sometimes incomprehensible except to the lawyers that draft them. On the other hand, Jack Reacher,  when debating whether the accused killer actually fired the shot, said it best when looking at details, but missing the big picture, “forest for the trees, detective; forest for the trees.” Today’s case is about missing the big picture in a very large and complicated credit agreement. 

Most everyone in this business knows about Amur Financial (formerly known as Axis Capital), a global holding company with investments in equipment leasing, aviation and industrial equipment. The company was formed by Mostafiz Shah Mohammed. It is listed as being one of the top ten independent leasing companies in the United States. 

Pine River Capital is a global alternative asset management firm headquartered in Minnetonka, Minnesota. As part of its investment program, in 2013, it loaned $150 million dollars to Amur Financial (actually a special purpose entity) to make loans to other businesses in the leasing industry.

The credit facility was managed by Amur using an administrative agent (another special purpose entity) called Amur Finance Company. The borrower was obligated to make payments into a collection account and the agent was obligated to determine the amounts of the distributions to the lender. 

In 2015, Amur caused some of its related entities to bring or defend a handful of lawsuits in Virginia, New York, and Delaware state courts, ostensibly to protect Pine River’s interest in the credit facility.  Pine River disagreed. Amur also used some of the loan proceeds to reimburse itself for the lawsuits.  Attorney fees exceeded $7 million dollars. One of the issues was whether the credit agreement was breached by the diversion of these monies to the various law firms. 

The credit agreement required Amur to make interest payments to Pine River, but shockingly, provided no mathematical basis for the determination of interest. Amur made such interest payments. Even more surprising was a default provision under the agreement, which defined a default as the failure to pay interest. 

Pine River sought summary judgment on the credit agreement. Amur opposed, claiming: (1) the reimbursement of legal fees was unauthorized; and (2) The payment of those legal fees was a default under the agreement. 

The court cut the baby in half.  The court ruled that the reimbursement of those legal fees was not allowed under the credit agreement and was a breach of the credit agreement.  I immediately assumed therefore that summary judgment would be granted, and that Amur would owe Pine River a boat load of money.  But wait, there’s more.

Apparently, although those payments were a breach of the agreement, they were not a condition of default. Default was specifically defined as the failure to pay interest for two consecutive payment dates. That’s it. In other words, if Amur breached other provisions of the credit agreement, no matter how egregious, that would not be a default under the agreement and Pine River could not declare a default and accelerate the balance. I’ve never heard or seen of such a tunnel vision, narrowly drafted default provision. Usually, a default is defined as the failure to pay and a breach of any other provision of the loan agreement. It actually makes no sense that Amur could breach the credit agreement in a major respect and the default is only the failure to pay interest. 

Therefore, the court granted the summary judgment of Pine River that the credit agreement was breached and granted Amur’s summary judgment that the credit agreement was not in default.  The court threw Pine River a bone which prohibited Amur from making further reimbursement payments to itself. 

What are the takeaways here?

• First, Default Language Should be Broad. I don’t understand why the agreement was drafted as it was. I was not privy to the briefs of the parties, so I could not determine whether this provision was actually negotiated or intentional. My assumption was that it was a mistake. The default definition really tied the lender’s hands in this case. Indeed, if it’s not a default, what is the lender’s next step? 

• Second, Assuming It Was a Drafting Mistake, The Lender’s Argument Made No Sense. The Lender made an obtuse argument that the distribution provision made the failure to pay reimbursement amounts a default, but the argument was very complex and the trial court simply didn’t buy that argument.

The bottom line to this case is that even super-big law firms, handling super-big credit facility loan agreements make mistakes. Sometimes these agreements are so big, the lawyers lose sight of the basics - how much is owed, when is it due, and what is a condition of default. Forest for the trees. 

Pine River v. Amur Finance (14 pages)
http://leasingnews.org/PDF/PineRivervAmur2017.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
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

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In a Related Story to Amur Finance Law Suit,
Pine River to Shut $1 Billion Flagship Hedge Fund

It appears Pine River Capital Management has been looking for cash, as it recently announced it is closing its $1 billion flagship edge fund. The Wall Street Journal reports Pine River Capital Manager clients have been requesting to withdraw more money than the firm than had anticipated.

The move will reportedly further shrink the Minnetonka, Minnesota-based firm’s assets under management to $7.5 billion, half the roughly $15 billion it managed in 2015. As expected, the January 1 spinoff of a fund run by portfolio manager Renos Dimitriou into a standalone hedge fund would shrink that further. It appears other hedge funds are also having difficulties

According to cetusnews.com, "...Pine River was founded by Brian Taylor and is best known for making big profits off the rebound in government-backed mortgage bonds after the financial crisis.

"The redemptions in its flagship fund add to recent challenges for Pine River. Its assets under management have dropped by more than 40% since a 2015 peak of about $15 billion and there has been turnover among its investment professionals, including the departure last year of key portfolio manager Steve Kuhn.

"The firm has also closed some funds, and some employees have been looking for other jobs, according to people familiar with the matter," cetusnews reports.

 

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New Hires/Promotions in the Leasing Business
and Related Industries

Shona Barnthouse was promoted to Marketing Director, Alliance Funding Group, Orange, California.  She joined the firm in 2017 as Middle Market Sales Support.  Previously, she was Director of Marketing & Client Relations, C&G Technologies (March, 2016 - March, 2017); Director of Operations & Equine Trainer, Red Bucket Horse Rescue (January, 2015 - March, 2016); Marketing Coordinator, Envision Capital Group, LLC (August, 2012 - December, 2014); Marketing & Client Manager, PMP Legal (June, 2011 - September, 2012); Marketing and Public Relations Coordinator, Carrie Amber Intimates, Inc. (March, 2008 - January, 2010); Customer Relations & Beta Application Testing, LenderLab.com (November, 2005 - August, 2009).
https://www.linkedin.com/in/shonabarnthouse/

Sandeep Bhandari was hired by Affirm, San Francisco, California, as Chief Strategy and Risk Officer. He previously was Chief Credit Officer and Interim General Manager (Personal Loans and Small Business Lines and Loans), Lending Club (April, 2015 - September, 2017). Prior, he joined Capital One as Vice President, Product Strategy Marketing and Underwriting (Credit Cards) March, 2000; promoted Assistant Chief Credit Officer (Auto and Home Loans) and Venture Partner, Capital One Ventures, March, 2010.  Previously, he was Senior Management Consultant, Arthur Anderson & Co. (1997 - 1999); Engineer, Quality Assurance, ABB (1994 - 1995). Education: Indian Institute of Management Ahmedabad, Master of Business Administration (MBA).  Indian Institute of Technology, Delhi. Bachelor of Technology (B.Tech.), Mechanical Engineering.
https://www.linkedin.com/in/sandeepbhandari/

Mike Camnetar was hired as Regional Vice President, Business Development, LeasePlan, USA, Alpharetta, Georgia. He is based in Chanhassen, Minnesota.  Previously, he was Director of Fleet Partnership Solutions, Element Fleet Management (September, 2015 - July, 2017); Strategic Customer Manager, GE Capital Fleet Service Company (April, 2012 - September, 2015); Director of Fleet and Rate Scheduling, Standard Coffee Service Company (February, 1999 - March, 2012); Accountant, Crescent City Infiniti (June, 1998 - January, 1999); Treasurer/Office Manager, Benson Acura/Isuzu/VW (June, 1992 - June, 1998). Volunteer Experience: Cub Master/Finance Chair, Boy Scouts of America (February, 2009 - Present).  Treasurer, NAFA Fleet Management Association (April, 2011- June, 2012).  Certification Board Member, NAFA Fleet Management Association (April, 2007 - Present).  Education: University of New Orleans, Bachelor of Science Management.  Archbishop Rummel (1998 - 1992). University of New Orleans, Management, Accounting & IT.
https://www.linkedin.com/in/mike-camnetar-3bb97b47/

Kevin Cunningham was hired as Vice President of Business Development for the Pacific Northwest, Madison Capital, Owings Mills, Maryland. He is located in Spokane, Washington. Previously, he was Senior Leasing Consultant, Quality Leasing Company (September, 2016 - September, 2017). “With over 26 years in the equipment finance industry, he has held executive positions in capital markets, credit and sales.” He was the Managing Director of Enterprising Capital Partners, Inc. dba Enterprise Capital. Education: Gonzaga University, Master of Arts MOL (1998 - 1999). Gonzaga University, Bachelor of Arts, History (1987 - 1991).
https://www.linkedin.com/in/kevin-cunningham-9bb3746/

Larry Ginsberg was promoted to Midwest Regional Sales Director; International; Used Truck Organization, Navistar, Inc., Philadelphia, Pennsylvania.  He joined the firm January, 2014 as Center Manager.  Previously he was Center Manager, International Used Truck Organization-Navistar, Baltimore, Maryland.  He joined Navistar, December, 2010 as Wholesale Manager, Philadelphia, Pa; International Used Truck Organization. Prior, he was Regional Sales Manager, TruckCenter.com (March, 2010 – October, 2010); District Sales Manager, Key Equipment Finance (April 2007 – August 2009); Director of Business Development, CAG Truck Capital (February, 2006 – February, 2007); Partner; Training & Development Practice Leader, Growth Management Strategies (2005 – 2006). He started as Area Operations Manager, PACCAR Financial (1993 - 2005); promoted to Area Sales Manager: Area Operations Manager, Area Credit Manager, then in 2005 Partner; Training Development Practice Leader. Prior he was Credit & Collections Manager; Area Controller, McDonnell Douglas Truck Services (June, 1982 – September, 1992). District Controller - NJ, ME, MS, Hertz/Penske Truck Leasing (1980 – 1982). Certification: Certified Credit Executive, National Association of Credit Management (June, 1988 – Present). Honors & Awards: Competent Toast Master, Toastmasters International (July, 2005). Was awarded certification for public speaking after completing required course speaking curriculum. Precision Truck Training, Heavy Duty Models, Truck Marketing Institute (February, 2012), Twelve month study curriculum on heavy duty truck componentry & design. Education: Temple University, BBA, Business; major - accounting (1976 – 1980); Community College of Philadelphia, Associate's degree, Business (1976).
www.linkedin.com/in/larryginsberg

Jared Kogan was hired as Chief Revenue Officer, Pearl Capital Business Funding, LLC., New York, New York. Previously, he was Director of External Sales, OnDeck (March, 2016 - June, 2017). He joined OnDeck September, 2011 as Senior Account Manager; promoted April 15, 2015 to Manager of Partner Relations. Previously, he was Vice President, Newtek Small Business Finance (October, 2009 – September, 2011); Vice President, Operations, Loans of America (May, 2004 – October, 2009); Intern, Private Client Group, CB Richard Ellis (May, 2008 – September, 2009); Intern, Finance/Logistics, ABB CONCISE Optical Group (May, 2007 – August, 2007); Investment Manager, Blueprint Properties (May, 2006 – August 2006). Languages: Spanish. Education: Indiana University, Kelley School of Business, BS, Finance (2005 – 2008). Activities and Societies: Circle of Life, Indiana University Bloomington BS, Business, Finance, Real Estate, Operations Management (2005 – 2008). Activities and Societies: Circle of Life.
https://www.linkedin.com/in/jared-kogan-0b036110/

Celenia Kurtz, CLFP, was hired as Funding Coordinator, CG Commercial Finance, Irvine, California. She joined Select Funding, July, 2013, as Funding Manager; promoted June, 2017, Operations Manager. Prior, she was Documentation Manager, Jules and Associates (March, 2011 - June, 2013); Operations Manager, IMCA Capital (September, 2009 - February, 2011); Vice President, Funding and Documentation (CapNet Financial Services (September, 2004 - August, 2009). Education: Cal State University, Northridge.
https://www.linkedin.com/in/celenia-kurtz-clfp-43a00613/

Kelly Lane was hired as Senior Vice President, Asset Management, Santander Bank, New York, New York.  Previously, he was Director Equipment Management, CIT (January, 2014 - August, 2017). He began his career as Lease Specialist, General Electric, July, 1998; promoted to Documentation Specialist, April, 2000; Portfolio Analyst, September, 2001; Asset Manager, 1998, Senior Valuation Analyst, April, 2004. He went to work as Underwriting Manager, RVI Group, September, 2007; joining Somerset Capital Group, Ltd, February, 2010; promoted January, 2011, VP, Portfolio Management; promoted September, 2011, Executive Vice President, Portfolio Management.  Education: Western Connecticut State University, BBS, Finance (1995 - 1998). Finance Award Recipient.
https://www.linkedin.com/in/kelly-lane-a67538a/

Eric Mandella was hired as Business Development Manager, Navitas Credit Corporation, Ponte Verdra, Florida. He is based in Jacksonville, Florida. Previously, he was National Sales Director, Marlin Business Services Corp. (February, 2016 - September, 2017); Sales Manager, Balboa Capital (April,2014 – February, 2016); Sales Manager, Navitas Lease Finance Corp. (August, 2008 – March, 2014); Program Manager, CIT (April, 2000 – August, 2008); Program Manager, CIT (April, 2000 – August, 2008); Program Manager, CIT Vendor Finance (2007 – 2008); Program Manager, CIT Group, Inc. (1999 – 2008). Education: Florida Community College at Jacksonville. Business Administration and Management, General (2001 – 2002). Quinsigamond Community College None, Liberal Arts and Sciences, General Studies and Humanities (1995 – 1996).
https://www.linkedin.com/in/eric-mandella-8188524

Grace Morey was hired as Senior Strategy Consultant, North Highland, Atlanta, Georgia. She continues as Chief Financial and Operations Officer, at MobiCutz, which she joined December, 2016.  Previously, she was Senior Financial Analyst, LEAF Commercial Capital (April, 2012 - July, 2014).  She joined JP Morgan Chase, Fixed Income Products, Securities Reference Data Specialist, July, 2008; promoted April, 2009, Senior Team Lead Operations Specialist, April, 2009. Volunteer Experience: Tax Preparer, Campaign for Working Families.  Education: Emory University, Goizueta Business School.  Master of Business Administration (MBA), Strategy and Organization & Management (2014 - 2016).  Temple University, Bachelors of Business Administration, Finance and Real Estate (2003 - 2007).
https://www.linkedin.com/in/gracemorey/

Michelle Paolini was hired as Senior Sales Support Specialist, BB&T, Malvern, Pennsylvania. Prior, she was at DLL, starting May, 2008, as Account Manager; promoted November, 2013, Structured Sales Support Analyst. Previously, she was Promotion Director, CBS Radio (April, 1996 - March, 2006); Manager, Paolini's Restaurant (1987 - 1988).  Education: Bloomsburg University of Pennsylvania, Bachelor of Arts (B.A.), Communications and Marketing (1993 - 1995).
https://www.linkedin.com/in/michelle-paolini-a6121b57/

Joe Sheldrake was hired as VP, Operations, Dynamic Capital Equipment Finance, Kelowna, BC. Previously, he was Senior Director, Sales, GE Capital, Calgary (April, 2014 - April, 2016); Senior Sales Rep., RBC Equipment Finance, Commercial Financial Services, RBC (February, 2013 - April, 2014).  He began his career at GE Capital, November, 1994, Senior Account Manager; promoted, January, 2001, Senior Manager; promoted March, 2005, Vice President, Sales; promoted April, 2010, Regional Sales Manager for GE Capital Fleet Services, Territory: All of western Canada. Volunteer: Vice Chair, Economic Development Committee, Town of Okotoks (October, 2016 - Present). Chair, Culture, Parks and Recreation Committee, Town of Okotoks (October, 2011 - October, 2016). GE Area Leader, Edmonton, GE Volunteers (November, 2005 -  April, 2010); GE Capital, Site Leader, Edmonton, GE Volunteers (January, 2001 - April, 2010). Education: University of Victoria, BA. University of Victoria, Certificate in Business Administration.
https://www.linkedin.com/in/joe-sheldrake-940a8b20/

Remington Tagget was hired as Senior Account Executive, Currency, Portsmouth, New Hampshire.  Previously, he was Senior Franchise Manager, Direct Capital (January, 2008 - September, 2017).  Education: University of New Hampshire, Bachelor's degree, Political Science and Government (2002 - 2007).
https://www.linkedin.com/in/remington-tagget-0274919/

The Hon. Brian Tobin, P.C., O.C., ICD.D, has been appointed Chairman of the Board of Directors, Element Fleet, Toronto, Ontario. He has been a director of Element and its predecessor company since 2014. He served as Vice-Chair, BMO Capital Markets. He has been a senior business advisor with Dentons Canada LLP (formerly Fraser Milner Casgrain LLP) in Toronto. He has also been a strategic advisor to several Canadian corporations and served on a number of public company boards. He was Executive Chairman and CEO of Consolidated Thompson Iron Mines Ltd. until its sale to Cliffs Natural Resources. He also serves as Director of AECON Group Inc. and Chairman of the Board of New Flyer Industries Inc. Mr. Tobin served as Premier of Newfoundland and Labrador from 1996 to 2000, winning two consecutive majority governments. He was also a Member of Parliament from 1980 to 1996 and again from 2000 to 2002. His federal political career included positions as Minister of Fisheries and Oceans (1993 to 1996) and Minister of Industry (2000 to 2002). Mr. Tobin was named an Officer of the Order of Canada in January 2013.  A Full Biography:
https://www.bloomberg.com/research/stocks/private/
person.asp?personId=6137438&privcapId=19053

Bevan Webster was hired as Vice President, Professional Services, LeaseAccelerator, New York, New York.  Previously, he was Vice President, Professional Services, North America, Reval (September, 2008 - July, 2017); Business Analyst, CNS Treasury Ltd (August, 2006 - September, 2008); Assistant Finance Manager, Precise Media (December, 2005 - May, 2006); Accounts Assistant, Thomson Reuters (July, 2004 - November,2005); Financial Analyst, Tuatara Management Limited (January, 2000 - November, 2002). The University of Auckland, GDipCOm, Accounting (2002 -2003).  The University of Auckland, BCom, Finance, Economics
(1999 - 2001). https://www.linkedin.com/in/bevanwebster/

Equipment Leasing Account Executive What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us. To learn more, please click here www.coretechleasing.com CoreTech specializes in medium to  large size companies and firms Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?

 

 

 

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Leasing/Finance/Loan Conferences
Updated Information/Exhibitors

October 4, 2017 - October, 6
2017 Funding Symposium
JW Marriott Buckhead
Atlanta, Georgia

Exhibitors (as of September 21, 2017)

4 Hour Funding
Advantage Funding
American Lease Insurance
AMUR Equipment Finance
Baystone Government Finance
Beneficial Equipment Finance
Bluechip Asset Management
Boston Financial & Equity Corp
Bryn Mawr Funding
Channel Partners Capital
CLFP Foundation
Collateral Specialists, Inc
Commercial Funding Partners
Copernicus
Dakota Financial, LLC
Dedicated Commercial Recovery
Dedicated Funding
ECS Financial Services, Inc.
Financial Pacific Leasing, Inc.
Funding Circle
Great American Insurance
Hanmi Bank
JB&B Capital
Leasepath
LeaseTeam, Inc.
Marlin Business Bank
Monitor Daily
Navitas Credit Corp
Newsline / Equip Finance Advisor
NetSol Technologies Americas
North Mill Equipment Finance
Orange Commercial Credit
Pawnee Leasing Corporation
Quality Leasing Co., Inc.
Quiktrak, Inc
Rapid Advance
RTR Services
SQN Capital Management, LLC
Tamarack
The Bancorp
TradeRiver USA
VFI

Information about 2017 Funding Symposium
http://www.nefassociation.org/events/EventDetails.aspx?id=889561&grou

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October 11, 2017 - October 13, 2017

“The 4th Annual LEND360, the go-to event for leaders in the fintech industry, has formed a Small Business Lending Advisory Committee, made up of key industry players. LEND360 has always had a strong focus on business lending, and the forming of this committee is a natural progression of its growing focus at the event.

“Small businesses are key to the economy’s growth and an important component of their success is access to capital. The Small Business Lending Advisory Committee participating companies are:

Ballard Spahr LLP
Clark Hill PLC
DataX
Divergent Capital
Evolve Capital Partners
Hudson Cook LLP
Innovative Decision Analytics
Intuit
Kabbage
LeadsMarket.com
LendingCalc
Marqeta
Moneytree
MRS BPO LLC
Small Business Finance Association (SBFA)
US Black Chambers, Inc

“Many of these participants have been integral in shaping the discussions for LEND360, as well as engaging in policy issues impacting the small business lending industry.”

Speakers and Information
http://www.lend360.org/speakers/

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October 17, 2017 - October 19, 2017
2017 56th Annual Convention
Gaylord Resort & Convention Center
Orlando, Florida

Gaylord Palms Resort & Convention Center, a Marriott Hotel

Kris D. Roglieri, CEO of several companies including finance, training, and marketing, co-founder of the National Alliance of Commercial Loan Brokers, said, "This is our third year and we are expecting over 600 loan brokers and over 100 lenders to attend this record breaking event."

What makes this conference difference are funders and brokers who normally do not attend conferences, but come from all parts of the United States. This is not just for members of one group, but open to all, many who do not belong to finance and leasing associations, including specialists with specific followings in business loans, equipment finance and leasing, merchant advance, working capital and other commercial financial transactions.

For more information, please go here: http://www.naclb.org/

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October 22, 2017 - October 24, 2017
2017 56th Annual Convention
Orlando, Florida

This year the 2017 State of the Equipment Finance Industry Report will debut during the Foundation Luncheon. The Foundation also has special donor benefits planned during this year’s convention that include a private reception, donor lounge, special recognition during the Foundation luncheon and other exciting opportunities.

Brochure/Schedule of Events/Speakers/Registration
https://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll/view?DOCUMENTNUM=1649&DOCUMENTNUM=1649

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October 22, 2017 -  October, 26, 2017
The Palazzo and Sands Convention Center
Venetian Hotel & Casino
Las Vegas, Nevada

Speakers and More Information
https://10times.com/money/speakers

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“Positioning Today’s Lessors for Tomorrow” in Dubai,
United Arab Emirates / October 30 – 31, 2017

Amembal & Halladay is pleased to announce that our Management Symposium, “Positioning Today’s Lessors for Tomorrow”, will be held in Dubai, United Arab Emirates from October 30th – 31st of 2017.

Critical operational factors such as funding, improving profitability, identifying vulnerabilities and assessing the company’s financial health are explored in depth.  The speakers, including leasing company executives, will provide insights into successfully shepherding the leasing company into the future.

All members of management will greatly benefit from attending this symposium, including CEOs, CFOs, COOs, middle managers, and those being groomed for management positions.

Registration is now open with an early bird discount in effect until August 15, 2017.

Contact Kelly Farnham for more information and to register:
kelly@amembalandhalladay.com

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8:00AM - 6:00PM EST

Tickets
https://www.eventbrite.com/e/fintech-world-summit-2017-the-evolution-of-finance-tickets-34997256737#tickets

For More Information, please go here:

https://www.eventbrite.com/e/fintech-world-summit-2017-the-evolution-of-finance-tickets-34997256737?aff=es2 

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November 7, 2017
The Regency Ballroom
1300 Van Ness Avenue
San Francisco, CA 94109

Information:
https://www.empirefintechconference.com/pages/sf2017

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Asia Pacific Leasing Summit 2017
November 8-10, 2017
Sheraton Hong Kong Hotel & Towers

Information
http://www.duxes-events.com/leaseap/

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Western Regional Meeting
November 17 - 18, 2017
Doubletree by Hilton - Anaheim
Anaheim, California

Presentation Proposal for November 17 - 18, Orange, California
https://www.surveymonkey.com/r/REGIONALSESSSION

General Information
https://www.naelb.org/events/event-description?Calendar
EventKey=c32837eb-8b8a-49ae-a908-c0b1d8557d6e&Home=%2fhome

Exhibitors to Date

360 Equipment Finance
4 Hour Funding
BlackRiver Business Capital
BSB Leasing
Channel Partners Capital
Cobra Capital
Dakota Financial, LLC
CLFP Foundation
Financial Pacific Leasing, Inc.
First Federal Leasing
Global Financial & Leasing Services
Hanmi Bank
InstaCOVER
Navitas Credit Corp
NCMIC
Orange Commercial Credit
Paradigm Equipment Finance, Inc.
Pawnee Leasing Corporation
Quality Leasing Co., Inc.
Quiktrak, Inc.
RapidAdvance
TEAM Funding Solutions
Tetra Financial Group
VFI Corporate Finance

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4th Middle East Leasing Summit
December 4 -7
Jumeirah Creekside Hotel, Dubai

Information
http://www.duxes-events.com/leaseme

 

Fernando's View
By Fernando F. Croce

An unhinged thriller (“Mother!”) and a bittersweet comedy (“Brad’s Status”) make for a very different double-bill in theaters, while DVD releases offer slam-bang sci-fi (“Rogue One”), a charming road trip (“Paris Can Wait”), and a hard-hitting classic (“The Big Knife”).

In theaters:

Mother! (Paramount Pictures): Scarcely one to turn down a good controversy, director Darren Aronofsky (“Black Swan”) goes for broke in this stylishly, allegorical, completely unhinged thriller. Jennifer Lawrence delivers a tirelessly distressed performance in the main role, a nameless young woman living in an isolated Gothic cottage with her husband (Javier Bardem), a famous writer having trouble with his latest work. Their peace is soon disturbed by unwelcome guests, namely an ailing man (Ed Harris) and his insinuating wife (Michelle Pfeiffer). Happiness seems within reach when she learns that she’s pregnant and her husband finishes his book, yet they soon have a virtual tidal wave of fans and assorted crazies come breaking down their door. Not for the faint of heart, Aronofsky’s virtuosic suite of shocks is sure to have audiences talking… and fainting.

Brad’s Status (Annapurna Pictures): Ben Stiller has always excelled at portraying men with a melancholy center under their manic behavior, and he gives a characteristically bittersweet turn in this gentle comedy. Stiller plays Brad Sloan, a Sacramento family man whose comfortable life is cracked with doubt and envy toward his more successful friends. When his teenage son (Austin Abrams) gets a chance to get into Harvard, Brad gets to leave home and take stock of how far he’s come since college. That also means catching up with his glamorous former colleagues, including Craig Fisher (Michael Sheen), who’s become a rich and famous political pundit. Directed by indie stalwart Mike White (“Chuck and Buck,” “The Good Girl”) with a sympathetic and often funny touch, this is a modest yet affectingly human portrait.

Netflix Tip: A truly one-of-a-kind character actor, Harry Dean Stanton (1926-2017) blessed the movies with decades of his magnificently leathery presence. So check out Netflix for some of his best films, which include “Cool Hand Luke” (1967), “Alien” (1979), “Repo Man” (1984), “Paris, Texas” (1984), and “Wild at Heart” (1990).

On DVD:

Rogue One: A Star Wars Story (Disney): The phenomenally successful “Star Wars” franchise keeps its strong wave going with this action-packed installment, which lays the groundwork for the rest of the series while telling its own rousing story. Taking place before the original film yet focusing on a new set of characters, the plot takes off when Jyn Erson (Felicity Jones), whose vengeful plan against the galaxy-threatening Empire has been brewing for years, becomes part of the Rebel Alliance. Working as a spy, she joins such other rebels as daring Captain Andor (Diego Luna) and blind warrior Chirrut (Donnie Yen) in a dangerous mission. Directed by Gareth Edwards (“Godzilla”), the film brings a darker tone to the series’ trademark pyrotechnics that should surprise and satisfy fans.

Paris Can Wait (Sony): Always an underrated actress, Diane Lane gets a radiant showcase in this enjoyable road movie from writer-director Eleanor Coppola. Lane stars as Anne, an American woman who finds herself at a literal crossroads while in France. While her movie-producer husband Michael (Alec Baldwin) makes the rounds at the Cannes Festival, Anne embarks on a drive to Paris and proceeds to reevaluate her relationship and her life. With her husband’s business partner Jacques (Arnaud Viard) as her guide, she goes on a brief but joyous holiday of food, music, and perhaps romance. Best known for documenting her husband Francis’ journey in “Apocalypse, Now,” Coppola displays a light, humorous touch that helps bring out Lane’s relaxed charm. A slight but charming comedy-drama.

The Big Knife (arrow Films): Both a crack stylist and a vehement outsider, tough-guy director Robert Aldrich was all too aware of the pitfalls of the Hollywood system. That ambivalence makes him the ideal filmmaker for this hard-hitting 1955 expose of Tinseltown traumas, which boasts an all-star cast. Jack Palance stars as Charlie Castle, a movie star whose independent ways clash with the truculent tyranny of studio producer Stanley Hoff (Rod Steiger). Hiding out while meeting with a colorful group of agents, starlets, yes-men, and blackmailers, Charlie starts to fit in his luxurious home like a prisoner in a cell. His principled ex-wife (Ida Lupino) gives support, but can he avoid the crackup of scandal? Adapted from Clifton Odets’ play, this is a punchy, harrowing classic drama.

Golden Retriever
Minnetonka, Minnesota  Adopt-a-Dog

Danny Boy (now called George)
#17-046A
Male
Eight Years Old
Fostered in Brooklyn Park, Mn
Adoption Fee: $400

“George (formerly Danny Boy) is a wonderful, sweet, gentle, loving boy. He is dark red, has a soft, thick coat and blocky head with a very calm personality. George, along with 17 other Goldens and Golden Doodles came into RAGOM’s care from a Missouri auction of commercial breeding dogs. A huge thank you to Jim and Friends of Flicka and all the donors who helped change his life from breeder boy to a RAGOM dog, and to Denise and Scott for safely bringing him to Minnesota and all the volunteers who welcomed me with loving touches and encouragement. Foster Mom (FM) and Foster Dad (FD) thought it would be a good idea to change his name as a fitting way to begin his new life. He is such a sweet and loving boy that they thought Gentleman George would be great.

"I would like to tell you a little bit about myself.  I was born on June 4, 2009 so I am 8 years old.  At my health check they said my bloodwork looked good, I have no tick borne diseases, heartworm free, but my thyroid levels were low.  I now take one pill at breakfast and one pill at dinner to correct this little problem.  I also have medication that I take for seizures.  It must be doing its job because I have not had any since I have started on the Phenobarbital.  The best part of all this is that they are wrapped in a tasty treat and I gobble them up!

"I have learned many new things since I have moved in with my foster family.

"I get along with everybody - people, other dogs, puppies and even those 4 legged creatures called cats.  Once I am in the car, I love going for rides and looking out the window.  I am housetrained and will go to the door to let you know I need to go potty.  We have had storms, thunder, lightning and fireworks and I am OK with them.  I have free roam of the house."

Application Process
https://ragom.org/our-adoption-process

 

Adopt a Pet
http://www.adoptapet.com/

 

[headlines]
--------------------------------------------------------------

Corrections in Wednesday's News Edition
Two

Last Line in Tom McCurnin Huntington story had a typo that was corrected.

For readers who viewed it early, the last line should have been:

“Banks and leasing companies should NOT be overly aggressive in deposit, loan and lease documentation, unless the provision is adequately supported by statute or case law.”

Huntington Bank Tagged with Possible Class Action
  with Over the Top Language in Deposit Agreement
By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Sep2017/09_20.htm#huntington

-----------

In the We get Email, many of the graphics, primarily to the story quoted, were not open in the early edition.  They were corrected; however, the one from Jim Grant, Vice President, QuickBridge needed the photo:

"Who is going to do Leasing News after we all go fishing forever?"

 

News Briefs----

The story behind Square’s Bank Charter Application
  By Lalita Clozel, American Banker
https://www.americanbanker.com/news/the-story-behind-squares-bank-charter-application 

Feds Approve Pacific Western Bank, Beverly Hills, CA
  $22.2 Billion Assets, $11.2 Billion Deposits, 15th Largest in CA
https://www.federalreserve.gov/newsevents/pressreleases/files/orders20170921a1.pdf

Pre-orders of iPhone 8 down 78 percent compared to iPhone 7
  Users Waiting for iPhone X?
http://www.siliconbeat.com/2017/09/21/pre-orders-of-iphone-8-down-78-percent-compared-to-iphone-7-report/?doing_wp_cron=1506036145.4853429794311523437500

Equipment Leasing Account Executive What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us. To learn more, please click here www.coretechleasing.com CoreTech specializes in medium to  large size companies and firms Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?

 

 

[headlines]
--------------------------------------------------------------

You May Have Missed---

Here's how Uber got its start and grew
 to become the most valuable startup in the world
http://www.businessinsider.com/history-of-uber-and-its-rise-to-become-the-most-valuable-startup-in-the-world-2015-9

[headlines]
--------------------------------------------------------------

Baseball Poem

Fifth Place Baseball in September
 
Because of drought and a few bad trades
 the leaves have fallen too soon
and the crowd is sparse
and spaced like the remaining pieces
 at the end of a long chess match
gridiron battle lines have been drawn
like grill marks across the brown diamond
 and the ball follows the fifty
high and toward right
till the sun strikes the fielder
like a peyton stiff arm
and you forgive random rookie
for his bad judgment
for all rookies must be forgiven
once in September
when fifth place is sewed up
and attendance is amazingly over a million.
 
                    by Tim Peeler
                      from “Touching All the Bases”
 
           with permission of the author.

[headlines]
--------------------------------------------------------------

Sports Briefs----

Aaron Hernandez autopsy reveals severe case of CTE
https://www.nytimes.com/2017/09/21/sports/aaron-hernandez-cte-brain.html?_r=0

Phone lost at Raiders game returned by Rickey Henderson
http://www.sfgate.com/local/article/Rickey-Henderson-phone-returned-oakland-raiders-12218160.php

Alex Smith has reinvented his play
  and his legacy with the Chiefs
https://www.yahoo.com/sports/m/77bbbe35-0a41-3aa2-af7a-dcace7bbcc01/ss_alex-smith-has-reinvented-his.html

Ticket prices for 49ers game tonight are insanely low
http://www.eastbaytimes.com/2017/09/21/tickets-prices-for-49ers-game-tonight-are-insanely-low/

49ers’ ticket prices matching the product
http://www.sfchronicle.com/49ers/article/49ers-ticket-prices-matching-the-product-12216242.php

 

[headlines]
--------------------------------------------------------------

California Nuts Briefs---

UC Berkeley poll: Over half of Bay Area voters consider leaving due to housing costs
http://www.sfgate.com/realestate/article/UC-Berkeley-poll-Bay-Area-voters-consider-leaving-12219118.php

‘Living’ at SFO cheaper than renting in the city?
http://www.sfgate.com/travel/departures/article/living-at-SFO-cheaper-than-renting-in-the-city-11882432.php

 

[headlines]
--------------------------------------------------------------

“Gimme that Wine”

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

Wine & Spirits Magazine announces the Top 100 Wineries of 2017
https://www.winebusiness.com/news/?go=getArticle&dataid=189826

Wine Institute Releases Results of New California Wine Tourism Survey
http://www.prnewswire.com/news-releases/wine-institute-releases-results-of-new-california-wine-tourism-survey-300523175.html

Who’s Killing The Fine Wine Retailers?
https://nawr.org/whos-killing-the-fine-wine-retailers/

Drought Causes Earliest Ever Harvest in the Douro
https://www.thedrinksbusiness.com/2017/09/drought-causes-earliest-ever-harvest-in-the-douro/

The great nutrient collapse
http://www.politico.com/agenda/story/2017/09/13/food-nutrients-carbon-dioxide-000511?mc_cid=7a58ce7859&mc_eid=b702a96ac3

Vineyards and High Heels' Wins Wine Spectator's 2017 Video Contest
http://www.winespectator.com/webfeature/show/id/Wine-Spectator-2017-Video-Contest-Winner-Revealed

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

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

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

This Day in History

    1656 – The General Provincial Court at Patuxent, MD empaneled the first all-woman jury in the colonies to hear the case of Judith Catchpole, accused of murdering her child.  The defendant claimed she had never even been pregnant and, after all the evidence was heard, the jury acquitted her.
    1692 – The last person hanged for witchcraft in U.S. was executed in Salem, MA.
    1711 - The Tuscarora Indian War began with a massacre of settlers in North Carolina, following white encroachment that included the enslaving of Indian children.  Fought until February 11, 1715 between the British, Dutch and German settlers, and the Tuscarora Native Americans, the Europeans enlisted the Yamasee and Cherokee as Indian allies against the Tuscarora, who had amassed several allies themselves. This was considered the bloodiest colonial war in North Carolina.  Defeated, the Tuscarora signed a treaty with colonial officials in 1718 and settled on a reserved tract of land in what became Bertie County.     
    1734 - The Moravian settlement in America began with the arrival of George Boehnischt in Pennsylvania. The following year, a group of Moravians led by Augustus Gottlieb Spangenberg came to Georgia to convert Native Americans. Their first church was built in 1735 in Savannah, GA, where General James Edward Oglethorpe had given 600 acres of land for a colony. Bishop David Nitschmann arrived from Germany in 1736 and ordained Anton Sieffert as pastor, the first ordination by a Protestant bishop in America. The group soon relocated to Pennsylvania and built a settlement in Bethlehem in 1741. Spangenberg became the Moravians' first American bishop in 1744. Moravians are followers of Jan Hus, the 15th century Bohemian religious reformer, and call themselves, the Church of the Bretheren, or Unitas Fratrum.
http://www.moravianjamaica.org/about_us.htm
http://www.everydaycounselor.com/archives/sh/shistory.htm
http://www.redeemermoravian.org/vision.htm
    1776 – Captain Nathan Hale of Connecticut was executed by the British in New York City for spying. Before he was hanged he said, “I only regret that I have but one life to lose for my country.”
http://memory.loc.gov/ammem/today/sep22.html
    1777 - Tacy Richardson's Ride: Courageous 23-year-old Tacy Richardson (1754-1807) rode her favorite horse, "Fearnaught," several perilous miles from the family farm at Montgomery County, PA to the James Vaux mansion to warn General George Washington of the approach of British troops led by General William Howe. As it turned out, the British crossing of the Schuylkill at Gordon's Ford was a feint to deceive Washington who indeed hastily withdrew to Pottstown, clearing the way for General Howe to spend that night in the quarters Washington had occupied only a few hours earlier.
    1789 - The U.S. created the Office of Postmaster General under the Treasury Department, following the Departments of State, War and Treasury.
    1823 – Mormon leader Joseph Smith states he found the Golden plates after being directed by God through the Angel Moroni to the place where they were buried.
    1862 – Abraham Lincoln delivers the Emancipation Proclamation, one of the most important presidential proclamations of American history.  President Lincoln, by executive proclamation, freed the slaves in the rebelling states: "That on . . . [Jan 1, 1863] . . . all persons held as slaves within any state or designated part of a state, the people whereof shall then be in rebellion against the United States, shall be then, thenceforward, and forever, free..."  The 13th Amendment to the US Constitution officially declared the abolition of slavery in all states.
(Lower half of: http://memory.loc.gov/ammem/today/sep22.html )
    1888 – The first issue of National Geographic Magazine is published.
    1893 – The first automobile in U.S. (by Duryea brothers) runs in Springfield, MA.  The Duryea's "motor wagon" was a used horse drawn buggy that the brothers had purchased for $70 and into which they had installed a 4 HP, single cylinder gasoline engine.
    1903 - Italo Marchiony applied for his patent for his new mold which was filled with Ice Cream and is credited with inventing the Ice Cream Cone. He emigrated from Italy in the late 1800's and went into business in New York City with a pushcart dispensing lemon ice. Success soon led to a small fleet of pushcarts, and the inventive Marchiony was inspired to develop a cone, first made of paper, later of pastry, to hold the ices and then vanilla and chocolate ice cream.
    1902 – American actor and producer John Houseman was born Jacques Haussmann (d. 1998) at Bucharest.  He is best known for his collaboration with Orson Wells on the 1938 radio production of “War of the Worlds” and his role as Professor Kingsfield in the film and television version of “The Paper Chase.”  He won an Oscar for that film role in 1974 and helped establish the Julliard drama school and the Acting Company repertory group.
    1911 - Cy Young beats Pittsburgh 1-0 for his 511th and final career victory.  With Joe DiMaggio’s 56-game hitting streak, many believe this to be baseball’s most unbreakable record.  The annual award for the top pitchers in each league is named the Cy Young Award.
    1912 - At Sportsmen’s Park in St. Louis, Eddie Collins became the only player in Major League history to steal six bases in one game for a second time. The Philadelphia Athletics’ 2B's feat of thievery has yet to be surpassed. It will be 79 years until another major leaguer, Otis Nixon, even ties Collins' mark.
    1915 – Xavier University, the first Black Catholic college in the US, opens in New Orleans.  This is not to be confused with Xavier University in Ohio.
    1919 – A strike led by the Amalgamated Association of Iron and Steel Workers, begins in Pennsylvania before spreading across the United States.
    1920 – A Chicago grand jury convenes to investigate charges that 8 White Sox players conspired to fix the 1919 World Series.  They would find all eight to be not guilty, a verdict that did not deter new Major League Baseball Commissioner Kennesaw Mountain Landis from banning them for life for conduct detrimental to the game.
    1922 - With the passage of the Cable Act, women who married foreign citizens kept their US citizenship. Up to that point, American-born women automatically lost their US citizenship if they married a foreign man. At no time in the history of the United State could men have lost their citizenship.
    1925 - New York Yankee Ben Paschal hits two inside-the-park HRs.
    1927 - Still talked about today as the “long count,” the world championship boxing match between Jack Dempsey and Gene Tunney at Soldier Field, Chicago, IL was fought. It was the largest fight purse in the history of boxing at the time, nearly $1 million. Nearly half the population of the US is believed to have listened to the radio broadcast of this fight. In the seventh round of the 10-round fight, Tunney was knocked down. Following the rules, Referee Dave Barry interrupted the count when Dempsey failed to go to the farthest corner. The count was resumed and Tunney got to his feet at the count of nine. Stopwatch records of those present claimed the total elapsed time from the beginning of the count until Tunney got to his feet at 12-15 seconds. Tunney, awarded seven of the 10 rounds, won the fifth and claimed the world championship. Dempsey's appeal was denied and he never fought again. Tunney retired the following year after one more (successful) fight.
    1927 – Birthday of “I bleed Dodger blue”, Tommy LaSorda in Norristown, PA.  Originally signed by the nearby Phillies in 1945, the Dodgers drafted him off their minor league roster in 1948 and he has been a Dodger since.  His career MLB record is 0-4, and other than his fame as a Dodger manager, he contributed mightily to the Dodgers in 1954.  LaSorda had to be sent to the minors to make room for rookie Sandy Koufax.  LaSorda’s managerial record is 1,599–1,439 and it includes World Series championships in 1981 and 1988.  He was elected to Baseball’s Hall of Fame in 1997.
    1937 - On the Brunswick label, Red Norvo and his orchestra recorded the "Russian Lullaby." Later Norvo would do a more famous work with a recording including singer Dinah Shore.
    1938 - A great hurricane smashed into Long Island and bisected New England, causing a massive forest blowdown and widespread flooding. Winds gusted to 186 mph at Blue Hill, MA, and a storm surge of nearly thirty feet caused extensive flooding along the coast of Rhode Island. The hurricane killed 600 persons and caused $500 million damage. The hurricane, which lasted twelve days, destroyed 275 million trees. Hardest hit were Massachusetts, Connecticut, Rhode Island and Long Island, NY. The "Long Island Express" produced gargantuan waves with its 150 mph winds, waves which smashed against the New England shore with such force that earthquake recording machines on the Pacific coast clearly showed the shock of each wave.
    1941 – Birthday of Pastor Jeremiah Wright in Philadelphia.  Pastor Emeritus and former Pastor of the Trinity United Church of Christ in Chicago.  He is the former pastor and ‘spiritual advisor’ of President Obama, known for his politically charged, controversial comments denouncing the United States.
    1945 - Stan Musial of the St. Louis Cardinals gets 5 hits off 5 pitchers on 5 consecutive pitches.
    1946 – Birthday of longtime California Congressman Dan Lungren.
    1950 - Omar N. Bradley promoted to rank of 5-star general
    1954 - The temperature at Deeth, NV, soared from a morning low of 12 degrees to a high of 87 degrees, a record daily warm-up for the state.
    1954 – Brooklyn Dodger Karl Spooner, in his Major League debut, strikes out 15 New York Giants.  Consistent arm injuries forced him out of the game, his last being in the 1955 World Series.
    1955 - The film, “To Hell and Back,” starring World War II hero Audie Murphy, premiered in New York on this date.
http://www.rottentomatoes.com/m/to_hell_and_back/cast_crew.php
    1955 – Champ Rocky Marciano knocks out Archie Moore in nine rounds.  Marciano retired undefeated.
    1956 - Top Hits
“Canadian Sunset” - Hugo Winterhalter & Eddie Heywood
“Whatever Will Be Will Be” (Que Sera Sera) - Doris Day
“Be-Bop-a-Lula” - Gene Vincent & His Blue Caps
“Don't Be Cruel/Hound Dog” - Elvis Presley
    1957 – Brooklyn Dodger Duke Snider, in his final season in Brooklyn before the Dodgers’ move to LA,  hits his 40th home run, tying him with Ralph Kiner for having five consecutive 40+ homer seasons in the National League.
http://www.baseballhalloffame.org/hofers_and_honorees/hofer_bios/snider_duke.htm
http://www.thebaseballpage.com/past/pp/sniderduke/
    1957 - “Maverick” premiered on television. (Yes, my father Lawrence Menkin, wrote several of these episodes as well as other Western television shows).  This popular western, which has since been remade into a popular movie, starred James Garner as Bret Maverick, a clever man who preferred card playing to fighting. A second Maverick was introduced when production was behind schedule--Jack Kelly played his brother Bart. Garner and Kelly played most episodes separately, and when Garner left in 1961, Kelly was in almost all the episodes. Other performers included Roger Moore, Robert Colbert and Diane Brewster. This western distinguished itself by its light touch and parody of other westerns and was must-see TV on Sunday nights if you weren’t watching The Ed Sullivan Show.
http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-1020
http://www.amazon.com/exec/obidos/tg/browse/-/871682/103-0205572-2897419
    1958 – TV financial host Neil Cavuto was born, Westbury, NY.
    1960 - Joan Jett is born in Philadelphia. Her first solo hit, "I Love Rock 'N Roll" sells more than one million records and stays at No. 1 on Billboard's Hot 100 singles chart for seven weeks.
    1961 - The first African-American judge of a federal district court was Judge James Benton Parsons, who was sworn in at Chicago, IL, as U. S. district judge for the Northern District of Illinois.
    1961 - Hurricane Esther performed a 350 mile complete circle south of Cape Cod, MA from the 21st to the 25th, then passed over Cape Cod and Maine. Its energy was spent mainly over the cool Atlantic but heavy rains resulted in widespread local flooding in Maine.
    1961 - In response to the ever-expanding "twist" craze, Chubby Checker performs his original hit from a year ago, "The Twist," along with the follow-up smash "Let's Twist Again," in a medley on CBS-TV's Ed
Sullivan Show. The resultant attention boosted both singles back into the Hot 100, and shot "The Twist" back to #1 in early 1962, marking the only time the same single has hit the top spot in two separate years
    1962 – Bob Dylan plays Carnegie Hall in NYC.
    1964 - Robert Vaughn starred as Napoleon Solo when "The Man from U.N.C.L.E." debuted on NBC-TV this night. Solo's trusty side-kick in this James Bond spoof was Illya Kuryakin, played by David McCallum. The show was a hit for 3½ seasons.
http://www.manfromuncle.org/
http://www.tvtome.com/tvtome/servlet/ShowMainServlet/
showid-3323/The_Man_From_UNCLE/
    1964 - Top Hits
“The House of the Rising Sun” - The Animals
“Bread and Butter” - The Newbeats
“Oh, Pretty Woman” - Roy Orbison
“I Guess I'm Crazy” - Jim Reeves
    1964 - "Fiddler on the Roof" opened on Broadway at the Imperial Theater.  The lights lowered, the curtain rose and Zero Mostel stepped into the spotlight as the fiddler played.  “Tra-a--a-dition,” he sang, as he began the first of 3,242 performances.   It became the first musical to run for more than 3,000 performances and is based on stories by the Yiddish writer Sholem Aleichem (pen name of Sholem Yakov Rabinowitz). Zero Mostel took the part of Tevye. It was presented by Harold Prince, with choreography of Jerome Robbins, music by Jerry Bock, lyrics by Sheldon Hamick and book by Joseph Stein.
    1965 - San Francisco rock group, “The Great Society” with singer Grace Slick, makes its stage debut at the Coffee Gallery in North Beach, California.
    1965 - The Supremes make studio recording of "I Hear a Symphony." The song tops Billboard's Hot 100 for two weeks in November.
    1966 - Surveyor 2 crashes on Moon
    1966 – The Baltimore Orioles beat the Kansas City A's 6-1 to clinch their first AL pennant since moving from St. Louis to start the 1954 season.
    1966 – Paid attendance at Yankee Stadium – 413.
    1966 – Willie Mays hit the 600th home run of his career, off Mike Corkins of the Padres in San Diego.  Mays finished his career with 660, at the time of his retirement, the third highest behind Ruth and Aaron.
    1967 - The Beatles appear on the cover of Time Magazine.
    1967 - No. 1 Billboard Pop Hit: "The Letter," The Box Tops. The Arbors took the song to No. 20 in 1969 and Joe Cocker hit No. 7 with it in 1970.
    1968 - The Twins' Cesar Tovar is the second Major Leaguer to play one inning at each position. In 1965, A's Bert Campaneris became the first.
    1971 - Captain Ernest Medina is acquitted of all charges relating to the My Lai massacre of March 1968. His unit, Charlie Company, 1st Battalion, 20th Infantry, 11th Infantry Brigade (Light) of the 23rd (Americal) Division, was charged with the murder of over 200 Vietnamese civilians, including women and children, at My Lai 4, a cluster of hamlets that made up Son My village in Son Tinh District in Quang Ngai Province in the coastal lowlands of I Corps Tactical Zone. Medina had been charged with murder, manslaughter, and assault. All charges were dropped when the military judge at the Medina's court martial made an error in instructing the jury. After the charges were dropped, Medina subsequently resigned from the service. There were 13 others charged with various crimes in conjunction with the My Lai massacre, but only one, Lt. William Calley, was found guilty. Calley was sentenced to life imprisonment for the murder of 22 civilians, but his sentence was reduced first to 20 years, then 10 years, and he was ultimately paroled by President Nixon in November 1974, after having served about one-third of his sentence.
    1972 - Top Hits
“Black & White” - Three Dog Night
“Baby Don't Get Hooked on Me” - Mac Davis
“Saturday in the Park” - Chicago
“When the Snow is on the Roses” - Sonny James
    1973 - Henry Kissinger took the oath as U.S. Secretary of State. This was the first time a naturalized citizen had held this office. Only in America...
    1975 - No. 1 Billboard Pop Hit: "I'm Sorry," John Denver.
    1975 - Sara Jane Moore failed in an attempt to shoot President Gerald R. Ford outside a San Francisco hotel.
    1976 - “Charlie's Angels” Premiere. This extremely popular show of the '70s featured three attractive women, usually scantily-dressed, solving crimes. Sabrina Duncan (Kate Jackson), Jill Munroe (Farrah Fawcett-Majors) and Kelly Garrett (Jaclyn Smith) signed on with detective agency Charles Townsend Associates. Their boss was never seen, only heard (the voice of John Forsythe); messages were communicated to the women by his associate John Bosley (David Doyle). During the course of the series, Cheryl Ladd replaced Fawcett, Shelley Hack and Tanya Roberts succeeded Kate Jackson.
http://www.tvtome.com/CharliesAngels/
http://www.charliesangels.com/
    1980 - Top Hits
“Upside Down” - Diana Ross
“All Out of Love” - Air Supply
“Another One Bites the Dust” - Queen
“Lookin' for Love” - Johnny Lee
    1982 - “Family Ties” premiers on TV. This popular 80s sitcom was set at Columbus, OH and focused on the Keaton family: Ex-hippies Elyse (Meredith Baxter-Birney), an architect, and Steven (Michael Gross), a station manager of the local public TV station; Alex (Michael J. Fox), their smart, conservative and financially-driven son; Mallory (Justine Bateman), their materialistic, ditzy daughter, and Jennifer (Tina Yothers), their tomboy youngest daughter. Later in the series, Elyse gave birth to Andrew. Marc Price played Irwin "Skippy" Handleman, the nerdy next-door neighbor who adored the Keatons, and Mallory in particular.
http://www.valdefierro.com/ties2.jpg
http://www.tvtome.com/FamilyTies/
http://www.familyties-tv.com/bios.htm
http://www.twiztv.com/scripts/pilots/familytiespilot.htm
    1982 – The cable cars in San Francisco made a final run before a 20-month shut down for a complete rehabilitation of the system.  They still run half-way to the stars.
    1983 - Forty-one cities reported record cold temperatures during the morning. Houston, TX, hit 50 degrees, and Williston, ND plunged to 19 degrees.
    1983 – The Everly Brothers reunite after 10 years at Royal Albert Hall in London.
    1985 - The poor of America's Heartland ... the financially troubled farmers of Middle America ... got help from their friends in the music biz. Singing stars Willie Nelson, Neil Young and John Cougar Mellencamp held a benefit concert to raise funds. The stars came out and so did the money. The "Farm Aid" concert raised ten million dollars.
    1986 - Los Angeles Dodgers’ Fernando Valenzuela becomes the first Mexican to win 20 games in the Majors.
    1987 - Tropical Storm Emily, which formed in the Caribbean the previous afternoon, caused considerable damage to the banana industry of Saint Vincent in the Windward Islands. Unseasonably hot weather continued in Florida and the western U.S. Redding, CA and Red Bluff, CA, with record highs of 108 degrees, tied for honors as the hot spot in the nation.
    1988 - Top Hits
“Sweet Child o' Mine” - Guns N' Roses
“Simply Irresistible” - Robert Palmer
“Don't Worry Be Happy” - Bobby McFerrin
“Joe Knows How to Live” - Eddy Raven
    1989 - Called by some critics "Body Watch," the California-beach-based lifeguard show “Baywatch” debuted on NBC. It first appeared on April 23 as a two-hour movie. Although the series had a healthy viewership, the network canceled the show after one season. Baywatch star, David Hasselhoff, took an unusual step, and investing a great deal of his own money, revived the show and offered it for syndication. He had researched the audience, and believed there was a loyal enough following to make his investment pay off. Hasselhoff proved to be right, and within a few years, “Baywatch” became the most-watched television show in the world, with huge audiences in England and China. It was estimated to have a collective viewership of 1 billion.
http://www.baywatch.com/
http://www.iol.ie/~wayneh/baywatch/history/index.htm
    1989 - Hurricane Hugo quickly lost strength over South Carolina, but still was a tropical storm as it crossed into North Carolina, just west of Charlotte, at about 7 AM. Winds around Charlotte reached 69 mph, with gusts to 99 mph. Eighty percent of the power was knocked out to Charlotte and Mecklenburg County. Property damage in North Carolina was 210 million dollars, and damage to crops was 97 million dollars. The strongest storm surge occurred along the southern coast shortly after midnight, reaching nine feet above sea level at ocean Isle and Sunset Beach. Hugo killed one person and injured fifteen others in North Carolina. Strong northwesterly winds ushered unseasonably cold air into the north central U.S., in time for the official start of autumn, at 8:20 PM (CDT). Squalls produced light snow in northern Wisconsin. Winds in Wisconsin gusted to 52 mph at Rhinelander.
    1990 - Andre Dawson of the Montreal Expos steals his 300th base and becomes the only player other than Willie Mays to have 300 home runs, 300 steals and 2,000 hits.
    1991 – Miami Dolphins Coach Don Shula records his 300th career NFL victory
    1992 - Bruce Springsteen breaks the rules and plays an electric set for MTV's "Unplugged" show. The episode is renamed, "MTV Plugged."
    1993 - The Rockies complete their inaugural season with a Major League home attendance record of 4,483,350 fans.
    1993 – Nolan Ryan’s last game in the Majors.  Ryan finished with 324 wins, 5,714 strikeouts and seven no-hitters; the last two are Major League records.
    1993 - A barge strikes a railroad bridge near Mobile, AL, causing the deadliest train wreck in Amtrak history. 47 passengers are killed.
    1994 - “Friends” premiered. This NBC comedy brought together six single friends and the issues in their personal lives, ranging from their jobs to their love lives. Cast included Courtenay Cox Arquette, Lisa Kudrow, Jennifer Aniston, Mathew Perry, David Schwimmer and Matt Le Blanc.
http://www.nbc.com/Friends/index.html
http://www2.warnerbros.com/friendstv/index.html
    1995 - Time Warner and Turner Broadcasting System agree to a $7.5 million merger.
    1997 - The Atlanta Braves won an unprecedented sixth straight division title. The record eclipsed the old mark of five straight set by the New York Yankees (1949-1953) and the Oakland A's (1971-1975). The Braves failed to reach the World Series, however, for the first time since 1993.
    1998 - The Blue Jays' Jose Canseco hits his 45th and 46th home runs setting a new career high.
    1998 - With AL-leading HR #s 54 and 55, Mariner Ken Griffey Jr. joins Babe Ruth and Lou Gehrig as the only players to drive in 140 or more runs in three consecutive seasons.
    2002 - In last game ever played at Cinergy Field, the Phillies complete a three-game sweep defeating the Reds, 4-3, in front of many of the team's former superstars except for the banished Pete Rose. The all-time hit leader, however, is not forgotten as Tom Browning, paints Rose's uniform number 14 on the pitcher's mound after the game with red spray paint and, as home plate is dug up and to be delivered next door to Great American Ball Park, the crowd begins to chant, "Pete, Pete."
    2002 - Sting receives an Emmy for the A&E documentary, "Sting in Tuscany: All This Time." He dedicates his award to his "dear late friend Timothy White."
    2003 - For only the third time in Major League history, a Korean pitcher and a Japanese pitcher oppose one another as Expos' hurler Tomo Ohka faces Jae Weong Seo of the Mets as starters at Shea Stadium. Both Pacific Rim right-handers throw well but neither gets the decision as Montreal beats the Mets on misplayed fly balls in the ninth, 4-2.
    2003 - With Atlanta beating the Marlins, 8-0, Greg Maddux becomes the first pitcher ever to have won at least 15 games in 16 consecutive seasons. The Braves' righty had shared the accomplishment with Cy Young.
    2004 - "Lost" premiered on ABC.
    2005 - An American Society of Microbiology's study of the number people of who wash their hands after using a public rest room reports 83 percent of patrons take advantage of the available soap and water. Of the 6,300 bathroom users monitored, the worst hygiene was found at Turner Field where only37 percent of men left the bathroom without washing, and 16 percent of the woman did during an Atlanta Braves game.
    2005 - John Roberts' nomination as Chief Justice of the Supreme Court cleared the Senate Judiciary Committee on a 13-5 vote.  
    2005 - For the first time in the historical record, two hurricanes reached category-5 intensity in the Gulf of Mexico in a single season as Hurricane Rita intensified before making landfall (Katrina and Rita).
    2008 - The U.S. Mint unveiled the first changes to the penny in 50 years, with Abraham Lincoln's portrait still on the front, but new designs replacing the Lincoln Memorial on the back.
    2014 - The U.S. Treasury issued rules to hinder companies from moving their headquarters outside the country to save on taxes.  The rules may impact pending deals, such as Burger King's plan to move to Canada after merging with Tim Horton's.