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April, Tuesday 22, 2003
Headlines--- Pictures from the Past---2002----Jim Renner/Tom
Wajnert Bowie,
Kissinger, Weedon--- three new Certified Lease Professionals Top
Stories---We've Got 'em!!! National
Venture Capital Assoc. Warns: California Finance License Credit
Card Borrowers Reach New Lows says Fitch Chase
to Exit Auto Leasing Biz New York & Connecticut July 1 Merrill
Lynch Capital Hires Remiker to Head Equip. Finance Group MAEL
Invitational and Team-Challenge Weekend July 28th GE Vendor Financial Services End-to-End Financing
for Vendors Highlight
of This Day in American History This Border #####
Denotes Press Release (Not Written By Leasing News) -------------------------------------------------------------------------------------------- This edition is also available in an “up-grade” format, html,
where you may click on the headlines to go to the story, plus is also in
this “new” format posted daily on our website---www.leasingnews.org -------------------------------------------------------------------------------------------- Pictures from the Past---2002------Jim Renner/Tom
Wajnert http://two.leasingnews.org/imanges_uael_wael/wajnert,renner.jpg ‘After three years as Chairman of the Equipment Leasing Finance
Foundation, Tom Wajnert (r), Fairview Advisors completes his term and
steps down. Incoming Chair Jim Renner(l), Wells Fargo Equipment Finance
present Tom with the Outgoing Chairman plaque and our sincere appreciation
for Tom’s work and effort on behalf of the foundation.” Equipment Leasing
Today Magazine, 2002 The Equipment Leasing Association (ELA) created the Equipment
Leasing and Finance Foundation in 1989. This site is designed for further education at all levels,
including an intern/mentoring program,
plus both academic and commercial information on the leasing industry. The Mission To promote the growth and effectiveness of equipment leasing
and finance through programs that: Identify, study, and report on critical issues affecting
equipment leasing and finance, and Develop the body of knowledge of equipment leasing and finance
for use by the equipment leasing and finance business, academic, and public
policy communities. All products and services development by the Equipment Leasing
and Finance Foundation are FREE! The Foundation relies on your generous support to conduct
research to increase the industry’s body of knowledge and to provide products
to you. Please consider a tax-deductible contribution today. ELA is a membership organization that promotes and represents
the general interests of the equipment leasing and finance industry, provides programs
of benefit to the industry and its members, leads in the resolution of
general industry problems, and promotes high standards of business practices
within the industry. ELA's website Equipment Leasing and Finance Foundation 4301 N. Fairfax Drive, Suite 550 Arlington, VA 22203-1627 Phone: 703-527-8655 Fax: 703-465-7488 Lisa A. Levine, Executive Director Direct: 703-516-8363 The Foundation is not a membership organization, it is a charitable association supported entirely through donations. All donations to the Equipment Leasing and Finance Foundation are tax deductible, as allowed through the IRS for 501-c3 associations. The average individual contribution is $500 and $5,000 corporately. Please let me know if you have any other questions.
-------------------------------------------------------------------------------------------- Classified Ads---Jobs Wanted Sales Manager: Atlanta, GA Professional. finance mgr. w/formal credit ed./ reg. vp/
secured/unsecured commercial loans/ direct end user network/equip. leasing/structuring
small,mid,big ticket transactions. 10+ years NE & SE. Have vendor
servicing w/existing and active network of accounts will bring with me.
Email:AlanAustin2000@msn.com Sales Manager: Atlanta, GA 30 years in transportation Finance with strong management/
sales background. Represented company on national & region markets.
Started two successful operations- produce profits and growth. Email:pml@mindspring.com Sales Manager: New York, NY I have over 25 years owning an independent leasing company
that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors,
etc.. Email:rfleisher@rsrcapital.com Sales Manager: Portland, OR. 18+ yrs w/ bank leasing
company. Supervised 14-20 sales people. Willing to relocate for the proper
position. Or, seeking sales position in current location (13+yrs direct
sales). email:pthygeson@netscape.net Sales Manager: Seattle, WA Senior level sales professional w/ (20) plus experience in
mid market financing & leasing. The last (8) plus years being self
employed in middle market brokerage. Email:markhenley@qwest.net 68 Job Wanted Ads posted at: http://65.209.205.32/LeasingNews/JobPostings.htm http://two.leasingnews.org/images/placard01.gif ------------------------------------------------------------------------------------------- Bowie, Kissinger, Weedon--- three new Certified Lease
Professionals: Robert J. Bowie, CLP with Pinnacle Capital, LLC Alan E. Kissinger, CLP with Financial Pacific Leasing, LLC Erik F. Weedon, CLP with Financial Pacific Leasing, LLC “We want to extend our congratulations to our three new CLP’s. “This brings the number of Certified Lease Professionals
to 236. Of those, 217 are currently
active in the equipment leasing industry.” Cynthia Spurdle, Executive Director CLP Foundation PH: 610/687-0213 FAX: 610/687-4111 Email: cindy@clpfoundation.org
The CLP Foundation is the official governing body for the
Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism
in the leasing industry. This designation
identifies and recognizes individuals within the leasing industry who
have demonstrated their competency through continued education, testing
and conduct. The letters "CLP"
behind their name represent a visible recognition of this professional
achievement and status. Top Stories---We’ve Got ‘em!!! At the www.leasingnews.org
web site, you may find the “Top Stories,” in case you missed one, want to re-read one, or send to a
colleague.
-------------------------------------------------------------------------------------------- National Venture Capital Association Warns about California
Finance License IMPORTANT NOTICE TO CALIFORNIA VC FIRMS California Financial Lenders Law The California Financial Lenders Law (CFL) requires the licensing
of persons engaged in the business of making consumer or commercial loans.
Currently, venture capital firms that make bridge financing to their portfolio
company may be required to be licensed under the CFL, through the Department
of Corporations. Recognizing that there seems to be little public purpose
in requiring venture firms to be licensed as a commercial lender, there
is currently a bill in the state legislature, AB 169, introduced by Assemblyman
Ed Chavez(D-San Gabriel Valley), who is chair of the Revenue and Taxation
committee, to exempt venture capital firms from the CFL. The Corporations Committee of the California State Bar Business
LawSection, made up of law firms such as Cooley Godward, Manatt, Phelps
& Phillips, Mayer, Brown and Rowe, and Wilson Sonsini is a sponsor
an supporter of the bill. NVCA staff will continue to monitor the progress of the bill.
In the meantime, member firms in California should consult with counsel
to determine if they should be licensed under the CFL if they are engaged
in making "bridge" financing to portfolio companies. -------------------------------------------------------------------------------------------- ### Press Release ############################################# Credit Card Borrowers Reach New Lows says Fitch Fitch Ratings As measured by the Fitch Ratings Subprime Credit
Card Index, chargeoffs moved higher to 18.9%, up 102 basis points (bps)
from last month and the highest level ever reported by the index since
its inception, according to the latest edition of 'Credit Card Movers
& Shakers', a monthly report examining consumer credit and credit
card performance. Key factors contributing to the continued slide in subprime
performance include aggressive underwriting, the decline in outstanding
principal receivables of subprime master trusts and the weak domestic
economy. For the February collection period, credit card chargeoffs
and serious delinquencies moved higher. Fitch's 60 days or more delinquency
index posted a seven- basis-point rise to 3.71%, its highest level since
February 1998. After falling last month, chargeoffs rose 25 bps to 6.55%,
its highest level since April 2002 and 79 bps higher than year-ago levels.
Excess spread, which measures the profitability of securitized
credit card securitizations, edged up 6 bps to 6.05%, 101 bps below prior
year levels. After several months of stability, excess spread has begun
to show some vulnerability, and rising chargeoffs have driven excess spread
down. However, excess spread remains well within historical norms, benefiting
mostly from reduced funding costs, and continues to provide investors
with ample protection against rising chargeoffs. For a copy of 'Credit Card Movers & Shakers' please visit
Fitch's web site at http://www.fitchratings.com/
or contact Market Services at 1-800-853-4824. Contact: Richard Drason +1-212-908-0641, New York. ######### Press Release ######################################### Chase to Exit Auto Leasing Biz in New York and Connecticut
Effective July 1 NEW YORK----Chase Manhattan Automotive Finance Corporation,
a subsidiary of JPMorgan Chase Bank, which together with its affiliates
has the largest non-captive auto loan and leasing portfolio in the country,
today announced it plans to exit the auto leasing business in New York
and Connecticut effective July 1, 2003. Chase's decision was made solely
in response to an outdated law, known as "vicarious liability,"
that holds leasing companies responsible for accidents involving their
leasing customers. "We are being held financially responsible for a negligent
driver over whom we have absolutely no control," said Jeffrey Levine,
general counsel for Chase Manhattan Automotive Finance Corporation. The
Vicarious Liability laws say that no matter who was driving, an accident
victim can sue the owner of the vehicle for damages. The owner is defined
legally as the person or business whose name is on the title. For a loan,
the customer's name is on the title. For a lease, the leasing company's
name is on the title. "Leasing enables consumers to drive newer,
safer cars more often because the monthly payments are usually lower than
on a traditional car loan. Because of this archaic law, millions of consumers
in New York and Connecticut will lose an option for leasing a car and
will be faced with fewer and more costly financing alternatives,"
said Mr. Levine. Chase sent a notice to all Chase-affiliated dealers in New
York and Connecticut notifying them that effective July 1, 2003, Chase
will no longer purchase lease contracts from them. Chase will honor New
York and Connecticut lease contracts dated on or prior to July 1, 2003,
as long as funding is completed by July 15, 2003. Additionally, Chase
will no longer purchase lease contracts if the lessees are residents of
New York, Connecticut or Rhode Island, regardless of the state in which
the leases were originated. New York, Connecticut and Rhode Island are
the only three states that give unlimited potential exposure to leasing
companies even though lessors have absolutely no control over the vehicle
or the driver. Chase already exited the auto leasing business in Rhode
Island last October following a court case awarding a $28 million judgment
against Chase. "We have made a promise that the minute these laws are
repealed, Chase will re-introduce its lease programs to dealers and residents
in New York, Connecticut and Rhode Island," said Mr. Levine. Chase
remains fully committed to the leasing business in the other 47 states. Chase Manhattan Automotive Finance Corporation (CAF), together
with its affiliates, is the largest bank purchaser of automotive retail
installment contracts and leases in the U.S. With a network of more than
12,000 affiliated car dealers and two million customers nationwide, Chase
Auto Finance has a portfolio in excess of $40 billion. Headquartered in
Garden City, Long Island, Chase Manhattan Automotive Finance Corporation
is a wholly owned subsidiary of JPMorgan Chase Bank. JPMorgan Chase Bank
is a subsidiary of J.P. Morgan Chase & Co. (NYSE:JPM). J.P. Morgan Chase & Co. is a leading global financial
services firm with assets of $755 billion and operations in more than
50 countries. The firm is a leader in investment banking, asset management,
private banking, private equity, custody and transaction services, and
retail and middle market financial services. A component of the Dow Jones
Industrial Average, JPMorgan Chase is headquartered in New York and serves
more than 30 million consumer customers and the world's most prominent
corporate, institutional and government clients. Information about JPMorgan
Chase is available on the internet at www.jpmorganchase.com. CONTACT: J.P. Morgan Chase & Co. Media: Charlotte Gilbert-Biro, 212-270-7455 charlotte.gilbertbiro@jpmchase.com
### Press Release ############################################# Merrill Lynch Capital Hires Richard J. Remiker to Head
Equipment Finance Group CHICAGO----Merrill Lynch Capital announced that it has appointed
Richard J. Remiker as Managing Director of its Equipment Finance Group. Merrill Lynch Capital Equipment Finance provides structured
equipment finance and leasing solutions to non-investment grade private
and public companies across a broad cross section of industries and markets
throughout the U.S. The group focuses on transactions typically in the
range of $10 million to $75 million. "I am delighted to have Rick join Merrill Lynch Capital's
senior management team. Over the coming months and years, Rick will provide
vision and leadership for our growing equipment finance platform and position
Merrill Lynch Capital as a significant and very successful participant
in structured equipment finance and leasing." said Robert E. Radway,
Managing Director and President, Merrill Lynch Capital. "Merrill Lynch Capital is well positioned to be an industry
leader in equipment finance, distinguishing itself by market positioning,
quality service, and routinely delivering on commitments. The financial
breadth and depth of Merrill Lynch provides an unequaled opportunity to
make an impact in today's equipment finance marketplace." said Mr.
Remiker. Mr. Remiker previously served as President and Chief Operating
Officer of KeyCorp's Commercial Leasing Services division, a leading provider
of structured equipment finance and leasing solutions. In his nine years
with Key, Mr. Remiker held a number of management roles and is a twenty-one
year veteran of the leasing industry. Remiker has been an active member
of the Equipment Leasing Association for many years, serving as Chair
of the Middle Market Business Council the past two years. Merrill Lynch Capital is a leading commercial finance business
providing a broad range of structured financing solutions to private and
public companies nationwide. Based in Chicago and with regional offices
nationwide, Merrill Lynch Capital is focused on four major market segments
- corporate finance, equipment finance, healthcare finance and real estate
finance. Merrill Lynch Capital is affiliated with Merrill Lynch Bank USA. Merrill Lynch is one of the world's leading financial management
and advisory companies, with offices in 36 countries and total client
assets of approximately $1.3 trillion. As an investment bank, it is a
leading global underwriter of debt and equity securities and strategic
advisor to corporations, governments, institutions and individuals worldwide.
Through Merrill Lynch Investment Managers, the company is one of the world's
largest managers of financial assets. For more information on Merrill
Lynch, please visit www.ml.com. Cartoon---Bank Loan http://two.leasingnews.org/cartoons/loans.jpg -------------------------------------------------------------------------------------------- ---- announcement -------------------------------------------------- MAEL Invitational and Team-Challenge Weekend July 28th 19th Annual Golf Invitational & Team-Challenge Weekend The MidAmerica Association of Equipment
Lessors (MAEL), ELA's largest regional affiliate, will be hosting its
19th Annual Golf Invitational
on July 28, 2003 at Indian
Lakes Golf Club & Resort, www.indianlakesresort.com
located in Bloomingdale, Illinois. We
have relocated from Harborside International to Indian Lakes Resort to
offer our regular attendees a change of scenery and to provide everyone
(including companions) with some further amenities.
While in the area, be sure to take this opportunity to schedule
additional business activities and appointments! Indian Lakes Resort has just been renovated in its
entirety and offers two state of the art 18-hole championship golf courses,
a 4,000 sq. ft. full-service spa featuring Vichy shower, massage, skin
& body treatments, indoor/outdoor pools and much more. Bring the entire family and enjoy a fun filled weekend while networking
with industry leaders! The staff at Indian Lakes is committed
to providing us with a spectacular event! Banquet facilities can accommodate over 500 people for the reception
and dinner, and we expect participation this year to be at capacity (up
from last year's 280 golfers-310 dinner/reception attendees). The after dinner speaker is always an event
highlight and will be announced in the near future. For the
exceptionally competitive golfer
and businessman, the MAEL Invitational will be preceded by the Team-Challenge Weekend. §
July 26th
play White Eagle Golf Club, a private, 27 hole Arnold Palmer course §
July 27th
play Bolingbrook Golf Club, voted by Golf Magazine "Top Ten you Can Play"
in 2002 Don't miss
this occasion to warm-up your game before the main event! Sponsorship opportunities are available for
all events. Reserve your place
today to participate in our industry's largest golf-related networking
opportunity. Hotel rooms are currently being held for attendees
through June 25th. Please
call the resort at (630) 529-0200
immediately for reservations.
Requests for special accommodations
can be arranged on a first call-first served basis by calling us direct. ----announcement -------------------------------------------------------------- #### Press Release ################################## GE VENDOR FINANCIAL SERVICES CREATES NEW, DEDICATED TECHNOLOGY
VERTICAL WITH CONSOLIDATED FINANCING OFFERINGS New Model Provides End-to-End Financing From Supplier / OEM
to End User Danbury, Conn., – GE Vendor Financial Services (VFS) has
announced the formal launch of a new technology “vertical” business, GE
Technology Financial Services (TFS). This “vertical” business allows GE
VFS to combine multiple, technology- focused products and services into
a single, market-based offering. TFS will provide a consolidated approach to end-to- end technology
financing, from technology supplier and manufacturer to end-user. For
technology vendors and their customers, this means easier access to trade
payables financing, inventory financing, distribution financing, end user
financing and end of term refurbishment services. “We are constantly looking for ways to leverage the structure
of GE to benefit our customers and vendor partners. This new organization
is based on the premise that a consolidated GE approach to our relationships
with technology vendors would best serve our customers,” said Dan Henson,
president and CEO of VFS. TFS is comprised of three main groups: a lease and loan originations
center, GE Access – a value-added technical distributor, and GE Refurbishment
Services – a provider of refurbishment services to manufacturers. TFS
will also leverage technology portions of GE Commercial Distribution Finance
(CDF), and GE Trade Payables Services. John Paget has been named senior vice president and general
manager of TFS. “John’s extensive experience at GE Access, most recently
as their CEO, as well as his prior senior management roles with Compaq,
Digital and Xerox, position him well to combine GE’s products and services
into a world class offering for our customers,” said Henson. John and the TFS team will continually assess how best to
leverage GE’s financial and process capabilities to provide technology
suppliers, vendor partners, resellers and end users with unparalleled
services and financing. “As a technology vertical within GE, TFS can offer benefits
that other companies simply cannot deliver, such as broader access to
financing, extensive product availability, a rigorous approach to customer
service and exceptional quality. The creation of TFS is a great example
of how we have created a new model and approach to benefit our customers
and our multiple vendor and reseller partners,” said Paget. Anna McDermott will succeed John Paget as executive vice
president and general manager for GE Access. About VFS GE Vendor Financial Services, a unit of GE Commercial Finance,
is a global leader in developing and providing financial solutions and
services to equipment manufacturers, distributors, dealers and their end
users. With nearly $25 billion in served assets worldwide, Vendor Financial
Services helps its customers drive new business and strengthen their existing
business by providing superior service, a commitment to quality and the
application of the latest e-commerce technology. Vendor Financial Services
serves approximately 1,400 manufacturers & distributors, 16,000 dealers,
and has over 500,000 accounts in more than 30 countries. GE is a diversified
services, technology and manufacturing company with operations worldwide.
CONTACT: Forest Miner, GE VFS Organizational Communications Manager Phone Number: (203) 749-6848 Fax Number: (203) 749-4253 ( courtesy ELAonline.com) Highlights---This Day in American History 1794-
the first death penalty ban by a state was enacted by Pennsylvania. The law abolished all executions except in cases
murder in the first degree. Michigan enacted a general ban on the death
penalty on May 4, 1846, except in cases of treason against the state. 1802-the
U.S. learned that Napoleon I of France in 1800 had secured through a secret
agreement(treaty of San Ildefonso, in effect giving back territory awarded
Spain by France in the Treat of Fontainebleau in 176) the return of the
Louisiana territory from Spain. ( France was at war with England and believed
that many British trade ships were disguised as American ships---in 1808
they would start seizing ships, considered piracy by the US). This was
alarming news because the mouth of the Mississippi River was now in the
hands of an aggressive power, and Americans west of the Allegheny Mountains
depended on free passage and the use of the port of New Orleans to transfer
their products to oceangoing ships. President
Thomas Jefferson ordered Robert R. Livingston, U.S. minister to France,
to buy land on the lower Mississippi for use as a port, or to secure a
guarantee of free navigation. In
October, Spanish officials, still in New Orleans, refused to allow Americans
to use the port. This serious disruption
of American commerce led Jefferson in the next year to begin negotiations
for purchase of Louisiana. 1864-
by Act of Congress, the phrase "In Good We Trust" began to be
stamped on all U.S. coins. 1869-at
noon a gunshot signaled the start of the Oklahoma land rush as thousands
of settlers rushed into the territory to claim land.
Under pressure from cattlemen, the federal government opened 1,900,00
acres of central Oklahoma that had been bought from the Creek and Seminole
tribes. Andy Grove, former president
of Intel, commented that the rush for the internet is very much like the
Oklahoma Land Rush. The first one
to grab the parcel of land, has rights for the rest of their life. Bill
Gates was listening. 1876-in
the first National League game ever played, the Boston Red Caps ( later the Braves) defeated the home town Philadelphia Athleticss,6-5.
Jim O’Rourke got the first hit, and Joseph Borden, playing under the name
of Josephs, was the winning pitcher. 1891-
Laura Gilpin birthday, famed photographer of New Mexico, the SouthWest,
and the Navaho Indian way of life. http://www.photographydealers.com/htdocs/representedartists/lgilpin/artistindex.html http://ci.rio-rancho.nm.us/library/gilpin.html http://www.sla.purdue.edu/WAAW/Palmquist/Photographers/Gilpin.htm 1898-
the American gunboat Nashville, captured the Spanish ship Buena Ventura. On April 24, Spain declared that a state of
war existed with the United Sates. The following day, Congress declared
that a state of war had existed since April 21. http://www.spanamwar.com/timeline.htm http://lcweb.loc.gov/rr/record/ http://memory.loc.gov/ammem/sawhtml/sawhome.html 1913—birthday
of guitarist Willie C. “Boll Weenie Bill” Moore Kinston, NC 1914-
Babe Ruth made his professional pitching debut, playing for the Baltimore
Orioles in his own hometown. Allowing just six hits and contributing two
singles himself, Ruth shut of the Buffalo Bisons, 6-0. 1917-
the William Metz Ice Company of Pittsburgh, PA, began operating equipment
to ice refrigerated railroad cars. Manufactured
by Thomas Wright of Jersey City, NJ, it consisted of a truck with an extension
top adjustable to any position to enable ice to be placed in the upper
most section of the car, making it possible for one man to do all the
loading without the held of assistants. It is credited with expanding the agriculture and farming industry in the United Sates. 1920
– birthday of Hal March (Mendelson) (TV emcee: What’s It For, The $64,000
Question, Laughs for Sale; actor: My Friend Irma, The Soldiers, The Imogene
Coca Show, The George Burns and Gracie Allen Show; San Francisco. Died
Los Angeles, Jan 19, 1970) http://us.imdb.com/Name?March,+Hal 1921—birthday
of congo/bongo drummer Candido
Camero San Antonio De Los Baños Cuba http://www.rhythmweb.com/bongo/candido.htm
1922-
bassist Charlie Mingus, a leader in modern jazz, was born in Arizona.
He started with the traditional jazz outfits of Louis Armstrong, Kid Ory
and Lionel Hampton. But by 1953, Mingus had moved to the modern camp,
playing with the likes of Dizzy Gillespie and Charlie Parker. He was also
justly famous for leading his own groups, and for his compositions. Mingus
died of Lou Gehrig's disease in 1979. 1935-birthday
of bass player Paul Chambers, Pittsburgh, PA http://members.tripod.com/~hardbop/chambers.html 1936
- Bob Feller made his pitching debut with the Cleveland Indians. Feller
struck out 15 St. Louis Browns in his first outing. Three weeks later,
he tied the American League record by striking out 17 Philadelphia Athletics.
1936-
Glen Campbell was born in Billstown, Arkansas. At the age of 22, he moved
to Los Angeles and began playing guitar on recording sessions. One record
he is said to have played on is "Tequila" by the Champs. In
1965, Campbell took Brian Wilson's place on a tour by the Beach Boys.
Two years later, he topped both the country and pop charts with "Gentle
on My Mind" and "By the Time I Get to Phoenix." His other
hits include "Wichita Lineman" and "Galveston." His
television series, "The Glen Campbell Show," ran for 4.5 years.
He plays almost fulltime in Branson, Missouri http://www.glencampbellshow.com/ 1937
– birthday of (John Joseph) Jack Nicholson (Academy Award-winning actor:
One Flew Over the Cuckoo’s Nest [1975], Terms of Endearment [1983], As
Good as It Gets [1997]; Five Easy Pieces, The Shining, Batman, Broadcast
News, Chinatown, Easy Rider, Prizzi’s Honor, The Witches of Eastwicke,
Little Shop of Horrors, A Few Good Men) http://www.geocities.com/Hollywood/Film/3000/
http://www.evesmag.com/nicholson.htm
http://the-movie-times.com/thrsdir/actors/jnicholson.html 1939-birthday
of singer Mel Carter, Cincinnati, OH http://www.mel-carter.com/ 1946 -
Tex McCrary and Jinx Falkenburg arrived at WEAF radio in New York City
with an entertaining morning show called, "Hi, Jinx". WEAF later
became WNBC and then WFAN SportsRadio 66.
This was one of the most popular radio shows in the 1940’s and
early 1950’s. They switched over to television in the 1950’s.
1952--Top
Hits Wheel of Fortune - Kay Starr Anytime - Eddie Fisher Be My Life’s Companion - The Mills Brothers (When You Feel like You’re in Love) Don’t Just Stand There
- Carl Smith 1956
- Elvis Presley made his Las Vegas debut at the Frontier Hotel. With "Heartbreak
Hotel" at the top of the pop charts, one can imagine the excitement
generated by the new ‘King of rock and roll’. Even with a number one hit,
Elvis was not yet well-received by the middle-aged audience. Management
of the Frontier was so unimpressed, they gave Elvis his walking papers
after one week of a two-week engagement. “ Elvis left the building” would
later be the way to get audiences to leave and stop applauding for an
encore. 1959
- The Chicago White Sox took ‘batting practice’ against the Kansas City
Athletics, 20-6. Chicago scored 11 runs in the seventh inning with only
one hit, a single by Johnny Callison. The Sox got 10 walks and one hit
batted. Not to be outdone in the effort, the Athletics contributed three
errors. 1960--Top
Hits The Theme from "A Summer Place" - Percy Faith Greenfields - The Brothers Four Sweet Nothin’s - Brenda Lee He’ll Have to Go - Jim Reeves 1962
- The Toronto Maple Leafs won back the Stanley Cup after 11 years. The
National Hockey League champions kept Lord Stanley’s cup locked up in
Toronto for the next three seasons. 1967
- Randy Matson set a world outdoor record in the shot put with a toss
of 71 feet, 5-1/2 inches in College Station, Texas. The shot landed in
section E-83 of the grandstand, but fortunately, no one was hurt. 1968--Top
Hits Honey - Bobby Goldsboro Cry like a Baby - The Box Tops Lady Madonna - The Beatles Fist City - Loretta Lynn 1970
- Tom Seaver of the New York Mets struck out 19 batters to tie a National
League baseball record. He also set a record by striking out 10 batters
consecutively as the ‘Amazing’ Mets defeated the San Diego Padres at Shea
Stadium. 1970
- Henry Ross Perot, remember him, a candidate for the U.S. Presidency, did not have
a good day. Perot, of Dallas, TX, reportedly lost $450 million in the
stock market. 1974 - Redbone won a gold record for the single, "Come
and Get Your Love". The group, playing American Indian ‘swamp rock’,
formed in Los Angeles in 1968. Lolly and Pat Vegas, brothers, had been
session musicians and worked on the "Shindig" TV show. Anthony
Bellamy and Peter De Poe were also members of the group. Redbone had one
other hit, "The Witch Queen of New Orleans". The top five hit,
"Come and Get Your Love", was the group’s second and final chart
success. 1970---Earth
Day http://memory.loc.gov/ammem/today/apr22.html 1976--Top
Hits Disco Lady - Johnnie Taylor Let Your Love Flow - Bellamy Brothers Right Back Where We Started From - Maxine Nightingale Drinkin’ My Baby (Off My Mind) - Eddie Rabbitt 1978- Bob Marley and the Wailers
performed at the One Love Peace Concert near Kingston, Jamaica. It was
Marley's first appearance in his homeland since being wounded in an assassination
attempt in December 1976. After the concert, Marley persuaded Prime Minister
Michael Manley and Opposition Leader Edward Seaga to come on stage and
shake hands. 1980-The
United States boycotted the Olympic Games by refusing to send its athletes
to the Summer Olympic Games in Moscow to protest the Soviet Union’s invasion
of Afghanistan. At the urging of President Jimmy Carter, the
U.S. Olympic Committee voted 1,604 to 797 to boycott the games. The following
day, a number of athletes and coaches filed a class-action suit in the
U>S. District court in Washington, DC, to block the boycott, but the
suit was dismissed on May 16. The Soviet Union retaliated by boycotting
the 1984 Summer Olympics in Los Angeles, CA. 1984--Top
Hits Against All Odds (Take a Look at Me Now) - Phil Collins Hello - Lionel Richie Hold Me Now - The Thompson Twins The Yellow Rose - Johnny Lee with Lane Brody 1993-the
museum commemorating the Holocaust, the U.S. Holocaust Memorial Museum,
opened to the public in Washington, DC. The museum combined innovative
multimedia displays with one of the nation’s largest repositories of documentary
information about the Holocaust. http://www.ushmm.org/ 1998-Top
Hits Too Close, Next All My Life, K-Ci Let s Ride, Montell Jordan Feat Frozen, Madonna You re Still The One, Shania Twain NBA Finals Champions This Date 1947 Philadelphia Warriors Stanley Cup Champions This Date 1945 Toronto Maple Leafs 1962 Toronto Maple Leafs |
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