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We offer great funding capacity, strong, experienced back office, keeping established vendor relationships happy. Looking for a home and have 5 years experience, contact: Jeff Rudin (818) 843-8686 x14.

About the company: Quail Equipment Leasing 17 years in business with the ability to develop specialized programs for vendors and unique industries: $10K to $24MM.

Monday, August 16, 2010

The Dixie Chicks
from left, Emily Robison, Natalie Maines and Martie Maguire

Singer/Songwriter Emily Robison (born Emily Burns Erwin) on August 16, 1972 Pittsfield, Massachusetts. She is a founding member of the female country band the Dixie Chicks. She and sister Martie have formed a side project called the Court Yard Hounds, with Robison as lead vocalist.


  Classified Ads---Sales Manager
Not Stimulus, but Economy Needs “New Demand”
 Internet Gambling?
  Classified Ads---Help Wanted
Leasing 102 by Mr. Terry Winders, CLP
 Proposed FASB Legal Differences
  Cartoon---Official Vote for New FASB Rules
   Top Stories---August 9-August 13
    110th bank to fail this year; the 14th in Illinois
 New Credit Card Act Provisions
  Corte Madera, California---Adopt-a-Dog
   Classified ads—Back Office
  Happy Birthday Barry Dubin
News Briefs---
 Jeff Taylor comments on FASB Rule Changes for Leasing
  Scottsdale, Arizona Equip leasing firm pres. 6BD Estate
   Go East, for Land
    Founder’s affinity for Twitter drives Cambridge start-up
     Tax credits for health premiums target small firms
Why I am not hiring
   You May have Missed---
    California Nuts Brief---
     Sports Briefs---
      "Gimme that Wine"
    This Day in American History
      Baseball Poem
        Daily Puzzle
     Weather, USA or specific area
      Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.


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The editor tries to place banner ads where they will be read by those the advertisers want to reach, rather than placed at random. News stories that will have an “ill” effect are avoided as best as possible. Often it is the position of the banner ad that attracts more response. This is at the sole discretion of the editor.

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Classified Ads---Sales Manager

Bayville, NJ
Dedicated individual seeking a account management position, 3 years leasing experience and 15+ years sales experience. Resume furnished upon request,
email Frank at .

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales Management. Over 25 years , will relocate and travel---successful and team player.

Over 30 years experience working with Small and Mid-Ticket Brokers.
Extensive current Broker and Customer Base available.

For a full listing of all “job wanted” ads, please go to:

Other e-Mail Posting Sites:


Not Stimulus, but Economy Needs “New Demand”
by Al Schuler, Economy Analyst
USDA Forest Service

(hit the play arrow to follow the month-to-month changes)

Jobs are created primarily in the private sector and they are not by borrowing money to invest/grow/create jobs for several reasons:

(1) There is still a credit freeze to some degree;
(2) There is much uncertainty re: impact of newly created government programs as ones in the pipeline;
(3) and, most importantly, lack of demand.

With interest rates at historic lows, and still lack of demand, something is seriously wrong. Many people actually have money to buy, invest, etc., but they are not doing so – why – I believe it is because there is a dearth of products/services that people want to buy.

We are at a time in history when we need some new industries that produce products/services that will “create its own demand”. This is what drives businesses to invest – to produce products people want to buy. One can apply these thoughts to any current industry.

E.g., in the wood products industry, we need a lot of innovation to create products /services that will help get us through the current housing mess. Examples could include ecosystem services/products (biodiversity, water quality, wildlife); biotechnology type products – biofuels; green products – certification, chain of custody, green building products, etc. We need these new products/services because, maybe, the housing industry will not be able to absorb (today or in the future) the current volume/production capacity of wood products.

In essence, the theory is that innovations create new technologies that in turn create new industries which create new products which create new demand.

Here is abbreviated definition of the cycles – Kondratiev waves (also called super cycles, surges, long waves or K-waves) are described as regular, sinusoidal-like cycles in the modern capitalist world economy. Averaging fifty and ranging from approximately forty to sixty years in length, the cycles consist of alternating periods between high sectoral growth and periods of relatively slow growth.

Early on, four schools of thought emerged as to why capitalist economies have these long waves. These schools of thought centered on innovations, capital investment, war and capitalist crisis. According to the innovation theory, these waves arise from the bunching of basic innovations that launch technological revolutions that in turn create leading industrial or commercial sectors.

Joseph Schumpeter (theories of “creative destruction”) was another economist who trumpeted/built on these ideas (


Leasing Industry Help Wanted

San Diego, California
Base pay of $25k plus uncapped commission potential
small to mid-size ticket.
Send resume:

Second decade of business, providing sales incentives that require a
commitment and passion for driving sales success.

Looking for experienced vendor reps. across the country.
A book of business is a plus... Our value proposition
is unmatched in the industry.

Sales Account Executives: Jacksonville, FL/Philadelphia, PA. Small ticket funder with broad funding and exceptional vendor service capabilities. E-mail resume to:

Navitas Lease Finance Corp is an innovator in the Small Ticket Leasing Industry. We offer solutions to small-to-medium-sized businesses looking to acquire and finance equipment.


Territory Managers
Originate FMV leases for IT/Communication equipment.
10+ years direct origination required.
For more info, click here

We offer great funding capacity, strong, experienced back office, keeping established vendor relationships happy. Looking for a home and have 5 years experience, contact: Jeff Rudin (818) 843-8686 x14.

About the company: Quail Equipment Leasing 17 years in business with the ability to develop specialized programs for vendors and unique industries: $10K to $24MM.

Please see our Job Wanted section for possible new employees.


Internet Gambling?

Nevada reports June casino revenue $763.8M, -6.6% year/year; Las Vegas strip -7.6% year/year

The June data shows a further deterioration from the May data ($847M) of -4.7% y/y and Las Vegas strip -6.4% y/y

The Nevada’s Gaming Control Board reports it is the biggest drop since last October. Passenger traffic at Las Vegas’ McCarran International Airport fell 3 percent in the six months through June, extending last year’s record 8.2 percent drop and 2008’s 7.7 percent decline.

Ironically the Las Vegas Convention and Visitors Authority reported 3.1 million people visited the city in June, an increase of 4.3%; 18.5 million visitors the first six months, up 4.3% from the same period last year.

The Las Vegas Convention and Visitors Authority reported 82.1% of the city's hotel rooms were occupied in June. The average nightly cost was up 6 percent to nearly $90. They evidently weren't staying at the Wynn or Bellagio’s.

The East Coast also had record drops: New Jersey reports July casino rev $363.9M, -5% year/year

- Borgata $64.5M v $64.9M y/y
- TRMP Plaza $15.4M v $18.55M y/y
- TRMP Marina $14.09M v $16.2M y/y
- TRMP Taj Mahal $47.2M v $44.1M y/y
- Slot rev -5.2% y/y
- Table game rev -4.5% y/y

In California, Indian Gaming Casino's are reporting a brisk business, primarily from aggressive winning percentages and regional customers.

In the meantime, Congress is reconsidering allowing internet gambling in the United States.

Reportedly last year, the authorities ordered four banks to freeze the accounts of online payment processors that owed money to some 27,000 people who had used offshore poker sites.

It is estimated American online gambling exceeds $6 billion a year. Congress would like to make it legal in the United States and tax it.


Leasing 102
by Mr. Terry Winders, CLP

Proposed FASB Legal Differences

In addition to the new differences between accounting for leases and the income tax rules (IRS), there also will be differences between a lease for the Uniform Commercial Code (UCC) and the new accounting rules under proposed FASB changes. Leasing contracts will have to amend several of its “paragraphs.” The announcement of the changes perhaps will come as early as Tuesday effecting an estimated $1.2 trillion in leased assets.

In addition to accounting changes, it will also center around the legal requirements of what the lease contract must say to be considered a legal lease (Article 2A) versus a “disguised conditional sales contract” or “a lease for security purposes” (Article 9).

This is column is a synopsis. It is best to consult your attorney and accountant who have experience in equipment leasing and finance to discuss how the new changes will affect your leasing contract once they are expected to be announced this week as “adopted.”

It may be that “operating leases” or “true leases” will be for shorter time periods and/or more transactions will be “capital leases.” It certainly will result in major changes on the balance sheet and in sales presentations as well as tax consequences.

To find what the UCC defines as a legal lease (true lease) you must go to Article 1 General Definitions and go to Par.1-201 (37) to find the definition of a “security interest” and there you will find that a lease is an exception to a security interest. It begins:

"Whether a transaction creates a lease or security interest is determined by the facts of each case; however, a transaction creates a security interest if the consideration the lessee is to pay to the lessor for the right to possession and use of the goods is an obligation for the term of the lease not subject to termination by the lessee…”

This paragraph is interpreted as the requirement that a true lease must be non-cancelable for the lease term. This requirement is not found in income tax requirements or accounting rules. It is very important to understand this not only in the contract, but for the salesperson making the presentation to understand what he is actually presenting.

The additional requirements must be read in the “negative” because these are what make the lease a lease intended as a security and it will become an article 9 conditional sales contract:

  1. The original term of the lease is equal to or greater than the remaining economic life of the goods (it is prudent to limit your lease term to 80% of the economic life to avoid this rule)

  2. The lessee is bound to renew the lease for the remaining economic life of the goods or is bound to become the owner of the goods.

  3. The lease has an option to become the owner of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement, or

  4. The lessee has an option to become the owner of the goods for no additional consideration or nominal additional consideration upon compliance with the lease agreement.

A transaction does not create a security interest merely because it provides that:

  1. The present value of the consideration the lessee is obligated to pay the lessor for the right to possession and use of the goods is substantially equal to or is greater than the fair market value of the goods at the time the lease is entered into.

  2. The lessee assumes risk of loss of the goods, or agrees to pay taxes, insurance, filing, recording, or registration fees, or service or maintenance costs with respect to the goods.

  3. The lessee has an option to renew the lease or to become the owner of the goods.

  4. The lessee has an option to renew the lease for a fixed rent that is equal to or greater than the reasonably predictable fair market rent for the use of the goods for the term of the renewal at the time the option is to be performed, or

  5. The lessee has an option to become the owner of the goods for a fixed price that is equal to or greater than the reasonably predictable fair market value of the goods at the time the option is to be performed.

For purposes of this subsection (37):

(x) Additional consideration is not nominal if (i) when the option to renew the lease is granted to the lessee the rent is stated to be the fair market rent for the use of the goods for the term of the renewal determined at the time the option is to be performed, or (ii) when the option to become the owner of the goods is granted to the lessee the price stated to be the fair market value of the goods determined at the time the option is to be performed. Additional consideration is nominal if it is less than the lessee’s reasonably predictable cost of performing under the lease agreement if the option is not exercised.

(y) “Reasonably predictable” and “remaining economic life of the goods” are to be determined with reference to the facts and circumstances at the time the transaction is entered into; and

(z) “Present value” means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain. The discount is determined by the interest rate specified by the parties if the rate is not manifestly unreasonable at the time the transaction is entered into: otherwise, the discount id determined by a commercially reasonable rate that takes into account the facts and circumstances of each case at the time the transaction was entered into.

In addition Article 2A creates two types of leases; two party leases and three party (finance leases):

A two party lease is a lease between the supplier of the goods and the user of the goods. In this type of lease the supplier becomes the lessor and is “responsible” for the equipments performance.

A three party lease called a finance lease has an equipment supplier (vendor), a lessor, and an equipment user (lessee).

In order for the lessor to eliminate the risk of equipment performance, the lessor must pass the warrantees and guarantees called the “supply contract” from the vendor to the lessee (after informing the vendor to this in a purchase order). In addition the lease must carry a quite enjoyment clause.

Failure of any or all of these rules places the lease under Article 9 and is considered a conditional sales contract requiring the filing of a UCC 1 lien statement to protect the lessor. In certain states, usury may be addressed, as well as the party(ies) involved are not licensed by the state where the lessee is located.

The legal rules are very different from tax or accounting and need to be followed and understood to prevail in a court of law!

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:

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


Cartoon---Official Vote for New FASB Rules


Top Stories---August 9-August 13

Here are the top ten stories opened by readers:

(1) LEAF for Sale?

(2) Ready, Willing, Able: Dwight Galloway, CLP

(3) Ten Worst Places to Live

(4) Archive August 9, 2001
Lindsey McLorg says, “Goodbye”

(5) First Federal Joins the Funder/Looking for Broker Lists

(6) IFC Credit Corporation—Over a Year Later

(7) Evergreen calendar makes Marlin Leasing Profitable

(Tie) (8) Leasing 102 by Mr. Terry Winders, CLP
Changes in Tax Consequences

(Tie) (8) Sales makes it Happen---by US Bank Manifest
"Broker Protection Policy"

(9) LEAF Financial to Securitize Leasing Pool

(10) Wells Fargo alleged party house in Malibu sells for $14.9MM

Not Counted as sent out as an "Extra:"
Google Finds Dwight Galloway's New Company

"FinPac has lowered their best rates by 400 bps to 12%. While our focus is still in our second tier credit niche with appropriate pricing, we are trying to respond to our TPO's (third party originators) needs in that better rate segment. We believe that our historical knowledge and the experience we've gained over the past two years helps us properly identify and price for risk."

Paul J. Menzel, CLP
President & CEO

Contact: Terey Jennings, CLP


110th bank to fail this year; the 14th in Illinois

While the pace the last two weeks has been only one bank a week, the bank failures are still ahead of last year, where at this time there were 77 bank failures.

The five branches of Palos Bank and Trust Company, Palos Heights, Illinois were closed with First Midwest Bank, Itasca, Illinois, to assume all of the deposits. Founded June 1, 1956, the bank presently had 121 full time employees, down from 141 full time employees March 31, 2009. They had two branches in Palos Heights, one in Tinely Park, one in Homer Township, and one in Mokena.

Last October the FDIC had issues a “cease and desist” order to raise more capital. Bank President /CEO Greg Paetow at the time blamed the said the stress of the real estate market, which had resulted in past due loans.

“’Many bank customers are developers, builders and investors, who right now they cannot sell what they are building, so they stop paying on their loans, ‘ Paetow told ‘A large amount of the bank’s loan portfolio is in real estate,’ he added.”

While the bank had 147,000 profit in this last date, non-current loans had risen from $24.1 million to $53.2 million as net equity dropped from $26.8 million March 31, 2009 to $10.7 million on March 31, 2010. Tier 1 risk-based capital ratio: 3.54%.

As of June 30, 2010, Palos Bank and Trust Company had approximately $493.4 million in total assets and $467.8 million in total deposits. First Midwest Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Palos Bank and Trust Company. In addition to assuming all of the deposits of the failed bank, First Midwest Bank agreed to purchase essentially all of the assets.

The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $72.0 million.

By count, three appears to be 813 FDIC insured institutions with aggregate assets of $417.8 billion.

There were four added last week:-- The Brand Banking Company, Lawrenceville, Georgia ($1.2 billion); Broadway Federal Bank, f.s.b, Los Angeles, California ($530 million Ticker: BYFC); Liberty Savings Bank, FSB, Whiting, Indiana ($82 million); and Home Savings Bank, Jefferson, Missouri ($31 million).

List of Bank Failures

Bank Beat:

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


### Press Release ###########################

New Credit Card Act Provisions

Silver Spring, MD – The Federal Reserve is expected to release another round of consumer protections on August 22, 2010. This set of rules is the latest in a series that implement the provisions of the Credit Card Accountability, Responsibility, and Disclosure Act (CARD Act).

The National Foundation for Credit Counseling (NFCC) wants to make consumers aware of these changes, as a greater understanding of the terms of their credit card contract increases the likelihood of the consumer being better able to manage his or her finances responsibly.

The new set of regulations includes the following protections:

• The credit card company cannot assess a late fee of more than $25 unless one of the consumer’s last six payments was late, in which case the fee may go up to $35. However, if the credit card company can demonstrate that the costs it incurred as a result of the late payments justified a higher fee, they are allowed to impose a higher penalty.
• The issuer cannot charge a late payment fee that is more than the minimum payment.
• When a charge exceeds the account’s credit line, an over-the- limit fee of more than the amount charged cannot be assessed.
• The credit card company cannot charge a consumer an inactivity fee for not using their card.
• Consumers can no longer be charged multiple penalty fees for the same transaction. For instance, both a late fee and an over-limit fee resulting from the same transaction cannot be charged.
• The company must explain any increase in the card’s Annual Percentage Rate (APR).
• If the APR is increased, the credit card company must re- evaluate the increase every six months, and if appropriate, reduce the rate within 45 days after completing the evaluation.

“As a result of the CARD Act, consumers have an added layer of protection related to their credit cards,” said Gail Cunningham, spokesperson for the NFCC. “In addition to being familiar with these provisions, consumers need to open their credit card statements promptly, and read all inserts that accompany the monthly mailings. These simple steps are a critical part of creating a financially stable life."

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior and build capacity for its Members to deliver the highest quality financial education and counseling services. NFCC Members annually help four million consumers through close to 830 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit Visit us on Facebook at and on Twitter at

#### Press Release #############################


Corte Madera, California---Adopt a Dog

Breed: Chihuahua / Miniature Pinscher Mix
Size: Small 25 lbs (11 kg) or less
Color: Tan/Yellow/Fawn - With White
Sex: Male
Age: Young
Bingo is:
already neutered
not good with kids
good with dogs
good with cats
up to date with shots

Bingo's story...
Bingo is an adorable two year old, 9.25 lb, Chihuahua or terrier mix that is healthy, neutered and up to date on all shots.

**Bingo is housetrained and is not a barker!**

He is being fostered by a pro dog trainer. He has already been trained to do lots of things like walk on a leash, stay and come when called.

He is good with other dogs and cats. He is friendly with people, likes to be petted and absolutely loves to run and play. He is a fetching fiend and would make a wonderful Flyball or agility dog.

Bingo can be anxious at first about being touched in certain ways because he was handled roughly when he was a young pup, so we are looking for someone willing to take the time to help him feel comfortable. Support from the trainer to help him get used to his new home is included. We are also open to trial fostering to see how he fits into your family.

We just want the best for Bingo. All we are asking for his fee is a commitment to complete a dog training class of your choice with him. We are looking for an adult only home (no kids).

Contact us for more information. I doubt we will have him for long!

- Let 'em know you saw "Bingo" on!

Corte Madera, CA

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet


Classified ads—Back Office

Back Office: Atlanta, GA
Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm
in US
Backoffice: Dallas, TX
Property Tax and sales and use tax administration services performance is guaranteed and we will save you time and money or our service is free.
Back Office: Laughlin, NV
20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved.
Backoffice: New Rochelle, NY
Proactive management/administration of commercial/consumer vehicle lease/finance portfolios covering insurance, titles,
registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975
Back Office: Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc.
Back Office: San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
Back Office - Portland, OR
Keep more of your hard-earned commissions! Middle-Market, Small-Ticket for brokers, nationwide, 20+years experience, negotiable splits. Contact us for more information at (888)745-9481 or

Back Office -Portland
Portfolio Financial Servicing Company is a leading provider of private label primary and backup servicing for lease and loan contracts.  800-547-4905  

Back Office: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available,
(216) 658-5618,

Back Office – National
Spending too much time on processing credit applications, preparing lease documents and other administrative tasks and not enough time marketing and growing your business? Call us! 407.964.1232



Back Office: Gig Harbor, WA
Orion First Financial provides comprehensive lease/loan account servicing, collection/workout solutions and strategic advisory services. Contact David T. Schaefer


Leasing Industry Outsourcing

(Providing Services and Products) All “Outsourcing” Classified ads (advertisers are both requested and responsible to keep their free ads up to date:

How to Post a free “Outsourcing” classified ad:


Happy Birthday Barry Dubin

Happy Birthday to Barry Dubin, who has been Kit Menkin “lead” attorney for over thirty years plus. He incorporated Leasing News, Inc. pro bono and has done a lot of other work pro bono. (Ken Greene took over his spot here at Leasing News. editor)

Barry worked closely with the late Jeff Wong and was an attorney at Dinkelspiel & Dinkelspiel when we first met. He and Jeff were a leasing/financial team.

Barry was listed in "The Best Lawyers in the Bay Area – Equipment Finance Law" in the February 13-19, 2009 edition of San Francisco Business Times. This peer-chosen list was excerpted from the 2009 edition of "The Best Lawyers in America", a well-known referral guide to the legal profession.

Leasing News will not mention Barry’s age, his beautiful wife, author daughter, or the eye of his life, his granddaughter, Alyssa, as he likes to keep things private.


About Cooper, White & Cooper LLP
Cooper, White & Cooper LLP, a fifty-attorney firm with offices in San Francisco and Walnut Creek, was established in 1896. It is best known for its litigation and transactional skills in connection with representation of clients in the areas of business, corporate, employment, media, telecommunications, home building, finance, public utilities, tax, estate planning, and real estate law


News Briefs ---


Jeff Taylor comments on FASB Rule Changes for Leasing

Scottsdale, Arizona Equipment leasing firm president lists 6BD Estate

Go East, for Land

Founder’s affinity for Twitter drives Cambridge start-up founders_affinity_for_twitter_drives_cambridge_start_up/

Tax credits for health premiums target small firms 20100815,0,7856285.story

You May have Missed---

Why I am not hiring'm_Not_Hiring.pdf




Sports Briefs----

Tim Kawakami: San Francisco 49ers' exhibition opener provides some answers but more questions

Despite beating Colts, 49ers offense looks rusty




California Nuts Briefs---

Baby Boomers Lead Way to Gray Divorce


This Day in American History

   1777-Bennington Battle, a major victor for the colonial army, primarily because the battle was delayed by rain.  The rain delayed British reinforcements, and allowed the Vermont Militia to arrive in time, enabling the Americans to win a victory by defeating two enemy forces, one at a time
    1780-In the Battle of Camden, S.C., American forces under Gen. Horatio Gates were defeated by the British under Gen. Charles Cornwallis.   Baron Johann de Kalb, a Prussian officer who was commissioned a general in the Continental Army, was mortally wounded in the battle.  Gates suffered disastrous losses.  Nearly 1,000 Americans killed and another 1,000 captured by the British. British losses about 325.  One of America's worst defeats in the war.  General Washington replaced gates with Nathaniel Greene, who is credited with “brilliance” in turning the war situation around as outlined on his birthday, August 7.
    1812 -- A mass meeting in NYC denounces the War of 1812.
    1812-Brigadier General William Hull surrendered Detroit to British forces under General Isaac Brock, making no attempt to defend the city though the attacking force was smaller than his own. Hull was court-martialed two years later for yielding without resistance.
    1813- Sarah Porter - U.S. educator. SP created Miss Porter's school in Farmington, CN, one of the outstanding school for girls in the nation.   Raised in an exceptional family that produced a president of Yale College allowed her to study the classics to an extended degree, this brilliant woman started her successful school in 1843.Initially she kept the school small teaching Latin, French, German, chemistry, natural science, mathematics, history, geography, and music in addition to the basic subjects. She gradually added staff and accommodations but took pains to maintain the schools standards which were unique in the nation for their excellence. , She also demanded strong characters. She was also way ahead of her times by insisting on daily exercise for the girls.  
    1829- Taking the country by storm, Robert Hung of Boston, MA, brought the Siamese twins Chang and Eng into the United States. They were born on April 15, 1811, in Bangesau, Siam, of a Chinese father and a -Siamese mother. They were joined at the waist by a cartilaginous band about four inches long and eight inches in circumference. They grew to be about 5 feet 2 inches in height, and, since they faced in the same direction, could walk, run, and swim. They were exhibited throughout the United States and later in Europe. They were married in April, 1843 to two sisters, Sarah and Adelaide Yates. Chang had 10 children and Eng nine children.   They died within three hours of each other on January 17,1874.  The name “Siamese twins,” meaning twins whose bodies are connected in any of a variety of ways, is derived from them.
    1861- Several newspapers in the Union states were brought to court for alleged pro-Confederate sympathies, including the Brooklyn Eagle, the New York Journal of Commerce, and the New York Daily News.  On August 19, an editor for the Esses County Democrat in Haverhill, Massachusetts was tarred and feathered for his Southern leanings expressed in the newspaper.
    1881--WILLIAMS, MOSES Wartime Medal
Rank and organization: First Sergeant, Company I, 9th U.S. Cavalry. Place and date: At foothills of the Cuchillo Negro Mountains, N. Mex., 16 August 1881. Entered service at. ------. Birth: Carrollton, La. Date of issue: 12 November 1896. Citation: Rallied a detachment, skillfully conducted a running fight of 3 or 4 hours, and by his coolness, bravery, and unflinching devotion to duty in standing by his commanding officer in an exposed position under a heavy fire from a large party of Indians saved the lives of at least 3 of his comrades.
    1915-Birthday of singer Al Hibbler, Little Rock, AR
    1909 - A dry spell began in San Bernardino County of southern California that lasted until the 6th of May in 1912, a stretch of 994 days! Another dry spell, lasting 767 days, then began in October of 1912.
    1922- Louis Lomax, author, born.
    1916 - Altapass NC was deluged with 22.22 inches of rain in 24 hours to establish a state record
    1926-Birthday of pianist Mal Waldron, New York City
    1929—Pianist  Bill Evans birthday
    1931-Birthday of Eydie Gorme - U.S. pop vocalist. EG was a popular nightclub and recording star. She often appeared with her husband Steve Lawrence, but she maintained a much better separate recording career that kept her near the top of the charts for a long, long time. The duo had a TV show (1959).
    1936 -- Jesse Owens leaves Berlin Olympics with four gold medals.    1938 - Benny Goodman and his band, and a quartet, brought jazz to Carnegie Hall in New York City. When asked how long an intermission he wanted, Benny said, "I don't know. How much does Toscanini get?"
    1942 - For Columbia Records, Kay Kyser and the band recorded "A Zoot Suit", about the problems associated with wearing the garish, fashion.
    1942 - A TWA transport carrying film actress Carole Lombard, her mother, and 20 other passengers, crashed near Las Vegas, Nevada. All aboard were killed.
    1944 - General Dwight Eisenhower was appointed Commander-in-Chief of the Allied Expeditionary Force and asked to plan the launch of a second front in Western Europe.
    1950-Nat “King” Cole with the Stan Ken Band, records “ Orange Colored Sky, “ Los Angeles.
    1950-Birthday of drummer Alvin Queen, New York City.
    1951—Top Hits
Too Young - Nat King Cole
Come on-a My House - Rosemary Clooney
My Truly, Truly Fair - Guy Mitchell
Hey, Good Lookin' - Hank Williams
    1952-SHUCK, WILLIAM E., JR.
Rank and organization: Staff Sergeant, U.S. Marine Corps, Company G, 3d Battalion, 7th Marines, 1st Marine Division (Rein.). Place and date: Korea, 3 July 1952. Entered service at: Cumberland, Md. Born. 16 August 1926, Cumberland, Md. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a squad leader of Company G, in action against enemy aggressor forces. When his platoon was subjected to a devastating barrage of enemy small-arms, grenade, artillery, and mortar fire during an assault against strongly fortified hill positions well forward of the main line of resistance, S/Sgt. Shuck, although painfully wounded, refused medical attention and continued to lead his machine gun squad in the attack. Unhesitatingly assuming command of a rifle squad when the leader became a casualty, he skillfully organized the 2 squads into an attacking force and led 2 more daring assaults upon the hostile positions. Wounded a second time, he steadfastly refused evacuation and remained in the foremost position under heavy fire until assured that all dead and wounded were evacuated. Mortally wounded by an enemy sniper bullet while voluntarily assisting in the removal of the last casualty, S/Sgt. Shuck, by his fortitude and great personal valor in the face of overwhelming odds, served to inspire all who observed him. His unyielding courage throughout reflects the highest credit upon himself and the U.S. Naval Service. He gallantly gave his life for his country.
    1953-Birthday of Kathie Lee Gifford - U.S. TV personality who starred for many years in the hit daytime show Live with Regis & Kathie Lee. She retired from the show in 2000 to concentrate on her acting and singing.
    1953-Birthday of singer James “JT” Taylor, South Carolina.
    1958-Birthday of Madonna Louis Veronica Ciccone, known popularly as “Madonna, “ born Bay City, MI.
    1952-Baritone saxophonist Gerry Mulligan, with Chet Baker, cuts first piano less quarter, Los Angeles (Pacific Jazz is born!!!)
    1957--- Buddy Holly and The Crickets, still being billed by the band name only, begin a six-night engagement at Harlem's famed Apollo Theater, the first white rock act to play the venue. Although crowds boo a little at first -- many, including the venue, assumed they'd be seeing R&B vocal group The Crickets -- by the third night of the engagement Buddy's energy and songs have won them over.
    1957-- Ricky Nelson releases "Be-Bop Baby"
    1957-- The Everly Brothers release "Wake Up Little Susie," which becomes their number one big hit, although banned by many radio stations as it is about a girl who falls asleep at a party and wakes
up the next day.
    1959—Top Hits
A Big Hunk o' Love - Elvis Presley
My Heart is an Open Book - Carl Dobkins, Jr.
There Goes My Baby - The Drifters
Waterloo - Stonewall Jackson
    1961 - Mickey Mantle signed the contract that made him the American League's highest paid baseball player. "The Mick" played the 1961 season for $75,000. In the National League, Willie Mays, made more money than any other baseball player with a contract for $85,000.
    1962-Two years and four days after joining, Pete Best was fired from The Beatles by manager Brian Epstein, who was told by record producer George Martin that he wanted to use a more experienced session drummer on the band's recordings. . Incredibly, Epstein then asks Best to fulfill his commitment and play the group's show that night in Cheshire's Riverpark Ballroom, but when he doesn't show, the group is ready with a replacement: Johnny Hutchinson of fellow Merseybeat group The Big Three. John, Paul and George had long admired the work of Rory Storm And The Hurricanes' drummer Ringo Starr, who jumped at the chance to join them Fans will react badly to the news, pummeling the group at their next few shows, sending petitions to local papers, and shouting "Pete Best forever, Ringo never!" at the Cavern. After his dismissal, Pete Best would never have any further communication with his former mates.
    1962-The first single by Little Stevie Wonder, "I Call It Pretty Music" was released. Marvin Gaye played drums on the track that failed to gain much attention. Twelve year old Stevie would have his first hit a year later with "Fingertips Pt. 2".
    1962-Peter, Paul and Mary released their first US Top 10 hit, "If I Had a Hammer".
    1962- Detroit harmonica prodigy "Little" Stevie Wonder releases his first single, "(I Call It Pretty Music, But...) The Old People Call It the Blues," featuring another newcomer, Marvin Gaye, on drums. It fails to chart.
    1964 - In New York City, "Hello Dolly!" starring Carol Channing opened at the St. James Theatre. A musical adaptation of Thornton Wilder's play, "The Matchmaker", the show, was called the "possible hit of the season" by critics. "Hello Dolly!" played for 2,844 performances, before returning to in the 1990s with, again star, Carol Channing.
    1965 - Reportedly, the San Francisco Giants continued to pay Willie Mays $105,000 a year. In exchange, he gave them a .317 batting average, a slugging percentage of .645, and 52 home runs in return. In 1965, Willie took home the MVP award.
    1967—Top Hits
Light My Fire - The Doors
All You Need is Love - The Beatles
Pleasant Valley Sunday - The Monkees
I'll Never Find Another You - Sonny James
    1968-- The Jackson Five perform their first official live gig, opening for Diana Ross and the Supremes at the (Great Western) Forum in Los Angeles.
    1969-The second day of three for The Woodstock Music and Art Fair  on Max Yasgur's farm in Bethel, New York. Over 400,000 attend, most without tickets, which prompts officials to say the festival is open and free. Those up on stage include Jimi Hendrix, Santana, Sly and the Family Stone, the Who, the Grateful Dead, Joan Baez, Janis Joplin, Joe Cocker, Canned Heat, Crosby, Still Nash & Young and the Jefferson Airplane among others. Things that helped make Woodstock a unique event included, but were not limited to, rampant drug use, not enough food, and sanitation, three deaths, two births and four miscarriages. (1969)
    1975—Top Hits
Jive Talkin' - Bee Gees
One of These Nights - Eagles
Someone Saved My Life Tonight - Elton John
Wasted Days and Wasted Nights - Freddy Fender
    1976 - A&M Records released the album, "Frampton Comes Alive". The double LP soon reached the top spot of the album charts for a 17 week stay. Its first year out, it sold 19 million copies.
    1977- TCB (Taking Care of Business), Elvis Presley leaves Earth, as he was pronounced dead at the  Memphis Baptist Hospital at 3:30pm, Eastern time,  at the age of 42.  In the first “Men in Black,” we see him leave our planet.  Here it is the anniversary of his death is an occasion for pilgrimages by admirers to Graceland, his home and gravesite at Memphis, Tennessee. (official site for “live” coverage and movies: After an examination of the body, it is revealed that Presley's body contained butabarbital, codeine, morphine, pentobarbital, Placidyl, Quaalude, Valium and Valmid. It had been five years since the King had a US Top Ten hit with the number 2 song, "Burning Love". His last US number 1 was 1969's "Suspicious Minds". He left an estate valued at 4.9 million dollars, which by 1993 had grown to between 50 and 100 million.
    1979--The biggest single of the summer is The Knack's "My Sharona," which goes gold. The success of the group is the gimmick of Beatle-esque posturing which the group treats as tongue-in-cheek. The Knack disbands less than two years later.
    1983-Paul Simon and actress Carrie Fisher get married. They would divorce in 1985
    1983—Top Hits
Every Breath You Take - The Police
Sweet Dreams (Are Made of This) - Eurythmics
She Works Hard for the Money - Donna Summer
He's a Heartache (Looking for a Place to Happen) - Janie Fricke
    1984 - The U.S. Jaycees voted to admit women to full membership in the organization.
    1984 - At the 11th annual American Music Awards, Michael Jackson received eight awards, including favorite pop and soul male vocalist, pop and soul album winner for "Thriller", pop and soul video winner for "Beat It" and best pop song for "Billie Jean".
    1985-Madonna and actor Sean Penn get married in Malibu, as helicopters with photographers hovered overhead. They would divorce in 1989
    1985 - Hugh Hefner took the staples out of "Playboy" magazine, ending its 30-year tradition of stapling centerfold models in the bellybutton. The decision made the centerfold more difficult to remove it.
    1984-Los Angles federal jury acquits auto maker John Z DeLorean on cocaine charges.
    1986- Madonna's "True Blue," album goes #1 for 5 weeks & her single "Papa Don't Preach," goes #1 for 2 weeks
    1988- IBM introduces software for artificial intelligence.
    1991—Top Hits
(Everything I Do) I Do It for You - Bryan Adams
P.A.S.S.I.O.N. - Rhythm Syndicate
Every Heartbeat - Amy Grant
She's in Love with the Boy - Trisha Yearwood
    1999—Top Hits
Genie In A Bottle- Christina Aguilera
Bills, Bills, Bills- Destiny s Child
Tell Me It s Real- K-Ci
Summer Girls- LFO
    2001-- After piloting the team 13 games above .500 in spite of numerous injuries to key players, manager Jimmy Williams is fired by the Red Sox. The ousted skipper is replaced by the club's well respected pitching coach, Joe Kerrigan.
    2001- Barry Bonds' second home run of the game and 53rd of the season breaks the franchise record established by his godfather, Willie Mays. With his first homer, the left fielder eclipses the National League record for home runs by a left handed batter established in 1947 by another Giant, Johnny Mize.
    2002 -after four days of delaying the decision, the executive board of the Major League Players' Association votes 57-0 to set an August 30 strike date. All eight previous negotiations since 1972 have resulted in work stoppages in the national pastime.
    2003- The USPS unveils a new commemorative postage stamp of recently-deceased composer Henry Mancini, famous for the Pink Panther theme and several other film works.
    2009- With his 3-for-4 performance in the Yankees' 10-3 loss in Seattle, Derek Jeter passes Luis Aparicio for most hits ever compiled by a major league shortstop. The New York infielder, collecting career hits #2,673 and #2,674 his first two at-bats, surpasses the Hall of Famer's total, who spent his 18-year career, ending in 1973, with the White Sox, Orioles, and Red Sox.


Baseball Poem

Three Strikes, Yer Out

..... written by Greg Salts, Chula Vista, Calif.

The first pitch was heat that looked more like meat.
You swung awful fast but it fouled off my mask.

You looked far too long at the base coach's face.
Your task here is simple, just get to first base.

You step in the box and shuffle your feet.
"O-2 on the batter," I said,
and was glad I glanced at him then and he really looked mad.

The catcher laid down number three as a sign
A change-up it was and it looked mighty fine.

I can't figure out why you stood there and looked.
But now there's a backward K in the book.




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