Headlines--- Classified
Ads---Senior Management Pictures
from the Past--1994-Christopher "Kit" Menkin More
Leasing Association Reactions New
Leasing Association in Formation in Arizona Margaret
Gernert New VP- Marketing at De Lage Landen Pacific
Capital Bancorp Records Sale of $15.8 Million Note This
Border ##### Denotes Press Release (Not Written By Leasing News) ------------------------------------------------------------------------------------------
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Classified
Ads---Senior Management Senior
Management: Baltimore, MD 25
year veteran of commercial and equipment leasing seeking a senior management
position with leasing or asset based financing company in the southeast
(Florida preferred) email:
kellogg_md@yahoo.com Senior
Management: Denver, CO. Fortune 500 GM/SVP wants to team up with
aggressive lender looking for Western expansion mid-market equip. finance/leasing.20+
years experience within Rocky Mountain/Southwest and Ca markets. email:legal@csotn.com
Senior
Management: Long Island, NY Degree
Banking/Finance. 13 years leasing exp. Now prez young leasing company
where promises were not met. Interested in joining established firm
with future. Email:bob33483@yahoo.com Senior
Management: San Francisco, CA., 25 years experience w/global leasing
company, sales, marketing, business dev., P&L responsibility, asset
mgmt, brokering and remarketing. Interested in joining an est. firm
with a future. email:rcsteyer@yahoo.com Senior
Management: Portfolio Management Consultant; 25+years experience
in Collections, Customer Satisfaction, Asset Management, Recoveries,
Continuous Process Improvement, Backend Revenue Generation, Cost per
Collection Analysis. $5+Billion Portfolio expertise. email: efgefg@rogers.com Complete listing of jobs wanted at: http://65.209.205.32/LeasingNews/JobPostings.htm -------------------------------------------------------------------------------------------- Pictures
from the Past----1994—Christopher “Kit” Menkin http://two.leasingnews.org/imanges_uael_wael/cashflow_is_king.jpg “Western
Association of Equipment Leasing” Membership Committee King Christopher
“Kit” Menkin, partner, American Leasing, Santa Clara, California, wants
to give you $50 WAEL bucks. He explains, “This year, every member is
part of the WAEL Membership Committee. All you need to do is bring in
one new member, and we’ll thank you with $50 WAEL bucks, which can be
used for only 1994 conferences, regional meetings, or you 1995 membership
dues. Our goal is for every member to bring in a new member.” April,
1994, WAEL Regional Reporter Coda:
I’ve lost weight since this picture was taken. Unfortunately,
I have lost a lot of hair, too. --------------------------------------------------------------------------------------------- DVI
to file Chapter 11? Yesterday
DVI announced that it had failed to makes its “interest payment.” Part
of their press release said, “DVI's
inability to make the interest payment due on the notes is a result
of the severe liquidity constraints DVI is currently facing. DVI's liquidity
began to tighten as certain of its lenders reduced advance rates following
the announcement of credit rating downgrades. DVI's liquidity problems
were further exacerbated as the result of a shortfall in the amount
of qualifying collateral supporting its borrowings under its principal
bank lending facility. The shortfall has triggered a default under the
facility. DVI is currently in discussions with its bank lenders to resolve
these issues. “DVI
intends to consider all alternatives available to it to secure funds
to make the interest payment due on the notes and improve its liquidity.
DVI and its financial advisors had already commenced discussions with
various prospective lenders and other sources of funding and has received
several proposals for both short term and long term solutions” This
medical leasing company appears in serious trouble, according to
Leasing News readers: --- DVI
HASNT FUNDED A DEAL IN TWO WEEKS!!!! they are FLAT BROKE!!!! Purchase orders are out all over the d***
country that are worthless!!!! DVI
was talking to Merrill Lynch last week about becoming
their funding source...However DVI got up from
table as they felt Merrill Lynch had too many restrictions
for them!!! Basically
DVI's EGO wouldn’t allow them to give up control. so they appear to be choosing BK rather than survival. Even
money that DVI files for BK-11 by the 15th. (
name with held ) --- There
may be as much as $8 to $10 million in unfunded purchase orders.
Someone should tell the vendors they may not get paid. DON’T
USE MY NAME --- Talk
is that NetBank is will buy the portfolio, as they were able to
handle the Commercial Money Center portfolio.
With Jim
Merrilees leaving, this will fill the void of sales not produced by
Republic. There are also a lot of unfunded deals. AMEX ( American Express
Business Finance ) is not interested. ( name with held ) ___
The
press release is right, but they didn’t say how bad things are here.
(Anthony ) DeCarolis is offering his
entire marketing staff and unfunded portfolio to the highest bidder
as mutiny strikes here in anticipation of the bankruptcy filing. Many
of us want to get paid for deals we put together. PLEASE
DON”T USE MY NAME -- (
There is speculation that the salesmen will spin off their own company
) please
send to a colleague as we are trying to build our readership -------------------------------------------------------------------------------------------- Twins
Fat Lady to Sing Looks
like it is over, except for the fat lady to sing. Twins
Engineering have 50.27 percent of IDS Shares. Here
is the latest posting on the London Stock Exchange: Recommended
INCREASED Cash Offer by Twins Acquisition, Inc. and (outside the United
States) by Rothschild on its behalf to acquire IDS Group plc Acceptances
and irrevocable undertakings On
10 July 2003, the Independent Directors and the board of Twins announced
a recommended increased cash offer of 27 pence for each IDS Share. As
at 3.00 p.m. (London time) and 10.00 a.m. (New York City time) on 1
August 2003, being the last business day prior to the date of this announcement,
valid acceptances had been received in respect of, in aggregate, 7,213,803
IDS Shares, representing approximately 12.69 per cent. of the issued
IDS Shares. Prior
to the announcement of the Original Offer on 26 June 2003, Twins received
irrevocable undertakings to accept, or procure the acceptance of, the
Original Offer from James Horstmann and James Meinen in respect of,
in aggregate, 149,000 IDS Shares, representing approximately 0.26 per
cent. of the issued IDS Shares. These irrevocable undertakings will
remain binding even in the event of a higher competing offer being made
for IDS. Valid acceptances have been received in respect of the 149,000
IDS Shares subject to these irrevocable undertakings and are included
in the total number of valid acceptances referred to above. On
10 July 2003, Twins received irrevocable undertakings to accept, or
procure the acceptance of, the Increased Offer from John Borchers, Sarah
Borchers and Oldwoods Farm Limited Partnership, acting through Richard
Borchers as General Partner, in respect of, in aggregate, 6,097,049
IDS Shares, representing approximately 10.72 per cent. of the issued
IDS Shares. These irrevocable undertakings cease to be binding
in the event that a third party succeeds in acquiring more than 50.1
per cent. of the issued IDS Shares, where that party has made a higher
offer for IDS and Twins does not make a further offer which is higher
than such third party offer. Valid acceptances have been received in
respect of the 6,097,049 IDS Shares subject to these irrevocable undertakings
and are included in the total number of valid acceptances referred to
above. On
29 July 2003, Twins received an irrevocable undertaking to accept, or
procure the acceptance of, the Increased Offer from Stanton Trust Company,
the trustee of the International Decision Systems, Inc. Employee Stock
Ownership Plan, in respect of its entire holding of 3,859,235 IDS Shares,
representing approximately 6.79 per cent. of the issued IDS Shares. International Decision Systems, Inc. is a wholly-owned
subsidiary of IDS. This irrevocable undertaking ceases to be binding
in the event that a third party succeeds in acquiring more than 50.1
per cent. of the issued IDS Shares, where that party has made a higher
offer for IDS and Twins does not make a further offer which is higher
than such third party offer. On
1 August 2003, Twins received an irrevocable undertaking to accept,
or procure the acceptance of, the Increased Offer from David John Henley
in respect of, in aggregate, 656,203 IDS Shares, representing approximately
1.15 per cent. of the issued IDS Shares. This irrevocable undertaking
ceases to be binding in the event that a third party succeeds in acquiring
more than 50.1 per cent. of the issued IDS Shares, where that party
has made a higher offer for IDS and Twins does not make a further offer
which is higher than such third party offer. On
1 August 2003, being the last business day prior to the date of this
announcement, Twins owned 16,853,138 IDS Shares, representing approximately
29.64 per cent. of the issued IDS Shares. Accordingly,
Twins currently owns, has received acceptances or has received irrevocable
undertakings to accept, or procure the acceptance of the Increased Offer
in respect of, in aggregate, 28,582,379 IDS Shares, representing approximately
50.27 per cent. of the issued IDS Shares. ----------------------------------------------------------------------------------------- It’s
Leadership---Part II by Christopher Menkin Part 1 covered the largest, Equipment Leasing
Association, and the second
largest, the National Association of Equipment Leasing Brokers, June
to June membership. AGLF EAEL ELA NAELB UAEL
AGLF This
association is in a re-building mode with a new executive director,
Graham Hauck and executive assistant,. Brian Mandrier. There dues remain
at $650. ‘We currently have 260 members. The me Graham
Hauck membership dues remain at $650.” They
increased 28 members from June to June, the only leasing association to
have a membership increase. The
body count may not be a true way to gauge the number of companies who
belong. As many people as would like to from any one company may join.
One person must be designated the Regular Member and pay $650/year dues.
The other members are designated Additional Members and pay $150/year
dues. The
point being to compare previous members does not take into account one major
company leaving, taking ten or more members with their demise. AGLF
was founded in 1981 to serve municipal leasing industry. Publishes Bi-monthly
newsletter; sponsors 2 annual conferences; 50-state leasing survey;
federal leasing survey; and conducts numerous industry projects. “Municipal leasing is a $30 billion a year industry.
Almost all the transaction are “tax exempt” and based on “interest in
time,” most have a $1.00 out or nominal purchase at the end, and are
subject to annual appropriations ( California and Indiana have abatement
laws and other state have different regulations, as do tax entities.)
Entities may vote the end of appropriations and contracts, plus who
signs them, and the tax exempt status often require legal counsel fees. It
is a highly technical and specialized marketplace, most unlike other commercial
leasing or financing transactions. In the municipal market place, the
originator wins the transaction, and then finds a specific funder for
the transaction, and often in the documents cannot assignment, and should
they, must remain active in the collection and service of the lease. The
Equipment Leasing Association has a municipal-government committee, plus
conferences and is very active in relating this niche to its members.
The other
three association appear to ignore this marketplace. The captive vendor market
appears completely ignored by all five, as a side note. After
attending the three day Spring conference, I was reminded of the F.
Scott Fitzgerald quote, which I paraphrase to say, ”The municipal and
federal government
leasing sector are very different from the commercial leasing sector.” This is not a field that you break into easily,
or quickly. In addition, the
bond market is funny today. My
family trust has a lot of bonds, all types,
and before the dot.com demise, we got more into it as Merrill-Lynch told
us this was smart to do. Today
we are selling some. My
impression of this group is they are as “family” as the nucleus of UAEL and
EAEL. I would think with the
income and sales tax decrease, more government
entities would be looking at leasing.
Perhaps under the new executive
director and leaders this group will continue to grow. Non-members
are very welcome at their conferences. For registration materials, they
can call 202.742.AGLF (2453) or email info@aglf.org 2004
Annual Fall Conference November
12-14, 2003 / Loew's Ventana Canyon Resort, Tucson, Arizona AGL&F
23rd FALL ANNUAL CONFERENCE TENTATIVE
SCHEDULE OF EVENTS Wednesday,
November 12 Noon
Annual Golf Tournament 2:00
PM – 4:00 PM Basics Session Thursday,
November 13 8:00
AM – 1:30PM Keynote Speaker, General Sessions and Luncheon Evening
– Annual Conference Dinner Event Friday,
November 14 8:00
AM – Noon General Sessions, Ending with the Lawyers’ Panel UAEL To
lose 93 members from June to June is serious. 137 members from December,
2001, is a third of your membership; that’s even worse. “Shame.
Shame. Shame,” as Gomer Pyle would say. Here is an organization that
had it all until Dr. Ray Williams was asked to submit his resignation. There
is more to the story, and Leasing News printed it. http://two.leasingnews.org/archives/October/10-03-00.htm Bob
Rodi, who was UAEL president at the time,
who “accepted the resignation,” wrote Leasing News on April 3,2003:
”Ray wanted to be Mike Fleming when he grew up. In retrospect, his leadership
was misdirected and ineffective at best. A long succession of Western
Association of Equipment Leasing /United Association of Equipment Leasing
executive committees renewed Ray's contract and his concept for ‘growth.’
has confirmed it.” From
a Western based organization the association changed its name and
became a national group. Williams
attended many regional meetings, seemed
to be everywhere, and was very popular with members. He obviously had
a “divided” board of directors. Unfortunately
the move to let go a professional executive was at the wrong time and
wrong place. It was up to new
presidents Chuck Brazier and Bob Fisher, immersed
in their own leasing company problems, to re-build. They ran into
“The Perfect Storm” scenario. In
his departing speech, Brazier was proud he saved the foundation. " There was a crack on our foundation a
year ago, " he began his farewell address at the Fall conference
at the San Antonio, Texas Hyatt Riverside Hotel. http://www.leasingnews.org/archives/October%202001/10-29-01.htm He
and his board should be given a lot of credit for doing so. However, Bob Fisher was next in line to hold
it together. The decision to
save money brought the original conference manager Joannie Dalton into
the position, then along came past president Joe Woodley, a very popular
and leasing knowledgeable person. He
had no experience in running a large non-profit association, but soon
would get “on
the job” training. As cut backs continued, the office was closed
in Oakland, California, staff let go, and now operates not far from
where Mr. Woodley lives in Southern California, and current president
Betty Kerhoulas’s company is based.
In reality, it was a financial move to close the office and Bob
Fisher’s press release that the rent was too high was only part of the
dilemma. When the board went
to Philadelphia on July 27th,
2002, after canceling the regional meeting due to lack of attendance, the
writing was on the wall. The
board went nevertheless and asked members
to join them for lunch and to get feed back on the direction UAEL
should take. There were only
a few who joined the board. Denial
was not a city in Egypt. UAEL
had run into “the List” with dwindling financial assets, membership
decline, and past directors going to other associations. Ginny
Young, past membership chair, is no longer a member and devotes
her energies to NAELB conference. Even current board member
Bob Teichman is becoming more active with NAELB. At
his recent Sausalito, Regional get together, past director Ken Greene,
was there, who is no longer a member, and Bill Grohe said
Barry Dubin of Cooper-White-Cooper, San Francisco, a past
director, had dropped out after the firm’s Jeff Wong died, Grohe
explained. Both Ken and Barry are active with ELA. It
is ironic that the incoming UAEL president is an attorney, Jim Coston, who’s
office is in Chicago, Illinois. Nevertheless, there is a nucleus that
will hold the organization together, but most likely membership will
continue to dwindle until the association finds direction. EAEL There
has been talk for years that the Eastern Association of Equipment Leasing
and the United Association of Equipment Leasing would merge. The
goals of EAEL are quite different. One
important distinction in EAEL membership recruitment is that they do
not solicit Brokers/ Lessors west of the Mississippi River. EAEL
is primarily a regional association with 67% in the Northeast (New York,
New Jersey, Massachusetts, Connecticut), an additional 5% in Pennsylvania
and Maryland, and the remainder in 25 states and Puerto Rico. Executive
Director Alison Pryor reports the current membership breakdown: Lessors/
Brokers 127 Funding
Sources 28 Service
Providers 14 Attorneys
22 There
is a close bond among its members, and due to its size, personal connection is
fostered. The
dues are also very reasonable: $300.00
FULL MEMBERSHIP (less than 3 employees) $600.00
FULL MEMBERSHIP (less than 50 Employees) $800.00
FULL MEMBERSHIP (more than 50 Employees) $800.00
FULL MEMBERSHIP (funding source) $800.00
SERVICE MEMBERSHIP (attorneys, accountants, etc.) More
importantly, the loss in membership, according to Executive Director Alison
Pyror, is primarily from companies no longer in business, or those
that have been acquired by larger leasing companies. This
association is stable. In fact,
many of their members belong to
other leasing associations, but want to be connected and attend both
regional meetings, conferences, and get- togethers. Recently
an e-mail message board was put on line for members. http://www.leasingnews.org/archives/July%202003/7-21-03.htm#new (If
you missed part 1 of this Six Month Leasing Association Membership report,
please go to: http://www.leasingnews.org/archives/August_%202003/8-04-03.htm#its ----------------------------------------------------------------------------------------- More
Leasing Association Reactions -- Read
any of the major equipment leasing association newsletters. Tell me
what you see. Do you feel that things are bad and getting worse? Four
of them (ELA, EAEL, UAEL) are reporting fewer members, lower training
class enrollments and reduced conference revenues. To
survive, they must raise survivors' annual dues, overhaul education
programs and redirect their energies to their most important members. Most
important members? Yes, you heard me right. They cannot treat all members
equally. If you are in a death boat and sinking quickly you do not have
the time to think about everyone on the life boat. People who are dying
focus their efforts on those they need to help them make it back to
shore. And, that may not be you. Unfortunately,
they do not tell the "losers" that they are no longer wanted.
In fact, it is human nature to "use" losers and then discard
them. Heartless, but real. So
why are association numbers dropping? On the surface, one can blame
the economy, too many leasing associations chasing too few leasing companies
and the lack of anything new. I
disagree. I believe that we have entered a brand new world, which mitigates
the need for any leasing association. Especially, the ones which represent
us in Washington. With
the advent of the internet, numerous free leasing newsletters, chat
rooms, instant messaging and electronic bulletin boards information
flows more freely and quickly than ever. So there is no need to have
one pay rolled individual tell another pay rolled individual what lessors
do for society. Either we make it on our own or we don't. We do not
need a middleman to tell our story. Some
of you suggest that we merge the existing leasing associations, throw
out all of the current board members, fire current leasing leadership
and start over with a single mega-leasing association. Would it work?
I don't think so. Years ago, EAEL, WAEL (now UAEL) and NAELB informally
talked about pooling their resources. Unfortunately, it did not work
because no leader wanted to give up his/her power and ELA wanted to
go their own separate way. So,
here we are now! Three leasing associations on "life" support.
And, no one wants the responsibility for pulling the "plug". So
what is the purpose of an association in today's world? To promote education?
Nothing of importance is happening. To inform us about Washington and
Wall Street? We can read about it in the WSJ and the New York Times.
To introduce members to vendors? Costs too much to rent hotel space
and vendors cannot afford to set up booths if there are no paying buyers.
To work with Congress to get them to pass laws that benefit us? Congress
doesn't have the money to give us. Nor do they care. Even after years
of years of educating senators and contributing to their campaigns,
they still don't get it. So
what are we going to do while the economy continues to sink, members
drop out and survivors face unprecedented increases in annual dues,
convention fees and advertising? Is
the economy really sinking? I don't think so! Years ago, New York and
California were doing well with their Wall Street and Hi-tech business
models while the Midwest rusted with their old manufacturing technology.
Now, it's just the opposite. New York's investment banking model has
fallen apart since companies either do not need the money or their credit
is not good enough to get the money. California hi-tech has moved to
India, China and other countries where new ideas can be hatched a lot
cheaper. Ironically, the Midwest is doing well with their manufacturing
model. The
economy is not sinking. It's just uneven. Some of us are doing well,
while others are not. Although
unemployment has dropped from 6.4 percent to 6.2 percent, too many people
have given up looking for jobs. Our economy has been permanently changed.
It's every man/woman for him/her. It's
time for leasing companies and service members to take over traditional
association functions. We can do it better, faster, cheaper. The dreams
and hopes of yesteryear for getting back to "normal" are finished.
Welcome to the "new" economy. Jeffrey
Taylor, CPA, CLP ExecutiveCaliber
- Global Lease Training 2144
South 1150 East Bountiful,
UT 84010 USA (801)
299-9332 (801)
299-9932 (fax) Author
of: Selling Leasing In A Tough Economy --- In
the past three years we have joined the UAEL, the EAEL, and the NAELB. I can't
begin to list the many benefits we have enjoyed as a result of attending
these conferences. The fee to
join is insignificant and I agree the
conferences can be a bit pricey, but I've made money on every conference that
I have attended. - thru associates,
contacts, or information from the meetings. I can't imagine why anyone who is actually 'in'
this business wouldn't
pay the small fee to join and take a few days off in a fancy hotel to
learn what is going on in their industry. Gary
Saulter Chase
Industries, Inc. 800-968-5000 Fax:
616-459-6822 www.chaseindustries.com --- Well
you knew you'd probably hear from me on this one, didn't you? Or not. Anyway,
as you know, I do not currently belong to a leasing association. The
reason, simply enough, is that I am no longer directly involved in leasing. These day's I'm an outsider looking in, and
that's fine with me. I
like to stay abreast of things for a number of reasons, not the lease
of which
(excuse me, I mean not the least of which) includes it just makes good business
sense. That having been said,
if I were still today an active lessor,
lease broker, back-office consultant,
or any of several other things
I was or could have been in the leasing industry, I would not hesitate
to affiliate myself with at least one strong organization. Not only
that, to the extent that I could, I would be as involved in that association
as time would permit. There
are two kinds of members, active and passive, and while both are beneficiaries
of that association, the fact 20 years ago, and I have no doubt
that the fact now is that the benefit of association is directly proportionate
to the level of involvement one puts into it. The
leasing industry has undergone a number of changes over the years, some no
doubt the result of management by crises.
It would have staved off neither
its demise nor the ever impending threat of regulation and onerous governmental
infringements had not ELA, EAEL, NAELB, my personal favorite, WAEL
(I know it's UAEL, now, but allow this old soldier his memories), and the
several other and newer associations and the individuals upon whom the burden
fell for their leadership. Nor
would they checks and balances that exist
between the varying SIGs within the industry be in place were it not through
the strength provided the little guy through affiliation. The benefits
of membership I believe are numerous and clear and in addition to those
mentioned include education, marketing, purchasing power, a forum for name
recognition, and probably most important, an expanded network. Okay, golf,
too. And for all these benefits,
while local groups may spring up from
time to time, usually to address specific state laws, tax issues or markets,
affiliation with at least one of the major groups is also important. We
all know that leasing goes back to the days of the Phoenicians... That aside,
the leasing industry as it is today does not have a rich history steeped
in tradition (it's oldest major association is only 40+ years old), as
say does the banking industry. While
banking and other older industries are
not without its black eyes, leasing in its relatively short history
has been
riddled with attacks from local, state and federal taxing authorities, an
often misunderstood charter on the nature of the instrument and its benefits
to both small and large lessees, and several scandals and swindles that
have challenged the definitions of legal and ethical codes. That it has
withstood these challenges is a tribute to the strength of its associations. That it will continue to withstand, not only
these same kinds of
challenges, but many that are not even yet conceived, will be in the hands
of its united strength. To
anyone who has ever said to me, "I don't see any benefit of membership
in an
association," I have simply replied, "And without your contribution,
you never
likely will." To anyone
who is either not affiliated at this time or who
is considering leaving his or her affiliation, I urge you to reconsider. Even
your name on a roster is important.
And to anyone who is not involved, but
is concerned about the industry he or she has CHOSEN, get involved. It'll
pay. This advice comes from someone
with no agenda. I will neither benefit
nor will I be harmed or offended if you are
or are not a member one of
the leasing associations. You,
on the other hand... Hal
T. Horowitz Financial
Placements Wingate
Dunross, Inc. 30851
Agoura Road, Suite 301 Agoura,
CA 91301 Phone:
818-597-3200 ext. 212 Fax:
818-597-3201 Cell:
818-730-0645 Email:
halh@wingate-dunross.com Website:
http://www.wingate-dunross.com/ My
mission is to collaborate with my clients,
to further their success by identifying
professionals of uncommon ability to whom they might not otherwise
have access and who will in turn make a valuable contribution to their
goals. --- I
share your view that anyone who truly wishes to be a professional in
their industry should participate in that industry's trade association.
It is typically the most efficient and cost-effective way to maximize
your base of knowledge. Our
industry has several good associations, and those who make the commitment
to be active in one or more invariably gain a great deal better than
the investment required. I've been a member of the NAELB for several
years, and that involvement has paid tremendous dividends. The association
offers a very comprehensive list of benefits, but for me none are more
valuable than the education and networking opportunities. At
the conferences and meetings I always learn something new that is worth
more than the price of admission. There are always lots of good ideas
being thrown around. Ideas I haven't heard before, or ones that are
presented in a way that I hadn't thought of myself. Exchanging ideas
with others is also a surefire way to enhance creativity, and I always
seem to come up with more new ideas of my own after discussions with
other association members. Directly
through my involvement in the NAELB, I have met a wide range of people
with substantial experience in many specialized areas. The amazing thing
is how willingly these people share their expertise with other members.
My network of contacts provides access to more knowledge and intellectual
resources than would be available to me anywhere else. Participation
in an association may not be for everyone, but for any individual who
is interested in professional growth, it is essential. It can also be a heck of a lot of fun too! I
would encourage your readers who are not affiliated with any of the
major leasing associations to check them out* and then get active in
the one best suited to their particular market segment. They're sure
to be surprised by what they've been missing. Take care Kit, Mike
McPherson WESTPORT
LEASING CORPORATION Vancouver,
B.C. CANADA Phone: (604) 681-1260 or 1-800-667-0747 Fax: (604) 681-1680 or 1-800-667-4426 *Links
to association web sites www.aglf.org www.eael.org www.elaonline.com www.naelb.org --- Why
I have not belonged to a leasing association. Years
ago when I was with FELCO Commercial I was active in the NVLA (National
Vehicle Leasing Association), local chapter.
I even put on an organized several holiday parties for them in
San Francisco. Nice bunch of
folks, I went to meetings just about every month.
The problem was that at these meetings they mostly focused on
retail consumer leasing issues, which I was working for a commercial
lessor, so most of what was discussed was not relevant to me or my business. FELCO was a member, therefore I was representing
FELCO. Even when
I became a broker, I was still attending meetings etc as a rep from
FELCO...until probably the mid 90's. I
quit attending meetings and functions, simply because I was no longer
representing FELCO, and I found that although socially I enjoyed the
people I had met over the years, there was not any real value to me
of the information obtained at the meetings.
Now this may seem selfish, but I felt that my time was better
spent cultivating new commercial accounts and attending to the day to
day business of getting my deals done.
Meeting were normally 1 to 2 hours away which makes for a very
long evening, not getting home until after midnight in some
instances on a week night.... Now
that I am leaving the corporate world and starting off on my own again
as a broker, I see that I do need to find an organization that will
fit my needs...but how to chose the appropriate one?
One may concentrate on equipment leasing (something that I don't
do) one may concentrate on Consumer retail leasing (which I don't do). Right now, until I can find the right fit I
find that it is more beneficial to me to put my hard earned dollars
towards joining industry organizations
that are within my field of interest and expertise such as the National
Limousine Association, or the Livery and Taxi Association. I
am certainly not trying to discount the importance of leasing organizations,
I just need to make sure that I join the appropriate one that will be
able to benefit me with my situation. Carol
Suggs 209-742-5466
Voice 209-742-5469
Fax ------------------------------------------------------------------------------------------ New
Leasing Association in Formation in Arizona The
newly formed Arizona Equipment Leasing Association is getting a great response
to its inaugural meeting at McDuffy's
in Tempe on Aug. 14th from 5:30.
We are seeing a both long time attendees and
some newbies. It should be
a good environment to have an interchange of ideas in our industry. It
would be great to rerun the event. Thank
you for your support. Bernice
Truszkowski "your
equipment finance specialist" efl1@prodigy.net http://www.leasingnews.org/archives/July%202003/7-21-03.htm#new2 ---------------------------------------------------------------------------------
Leasing
Industry Help Wanted
###
Press Release ########################################## De
Lage Landen Financial Services names Margaret Gernert as Vice President
- Marketing WAYNE,
Pa., – De Lage Landen Financial Services, a leading international provider
of high quality asset-based finance products for manufacturers and distributors
of capital goods, has named Margaret Gernert as Vice President of Marketing. In this capacity, Gernert, of Media, PA, will
oversee all aspects of marketing communications for De Lage Landen’s
six strategic business units (Food & Agriculture, Healthcare, Office
Equipment, Technology Finance, Materials Handling & Construction
and Bank Outsourcing), as well as Partner Education & Training. In addition, she will have global and divisional
communications responsibilities. Gernert will report directly to Americas Division
Chairman Ronald Slaats. Prior to joining De Lage Landen, Gernert served
in various marketing management positions for SCT Corporation, an international
provider of e-education technology solutions for higher education, in
Malvern, PA. From 1998 to 1999, she was Director of Marketing
for USA Technologies, Inc., a provider of wireless, cashless payment
and networking systems, in Wayne, PA. From 1996 to 1998, she served
as Director of Marketing Communications for Sterling Commerce, one of
the world’s largest providers of business integration solutions, also
formerly in Wayne. Earlier, she worked in sales and marketing for
various industrial distributors and manufacturers and was involved in
membership and program development for several major industrial distribution
trade associations. Gernert is a graduate of Juniata College with
a Bachelor’s Degree in Liberal Arts.
De Lage Landen is a Netherlands-based international
provider of high-quality asset financing products. With a presence in
20 countries across the globe, the company focuses on the following
industries: Food & Agriculture, Healthcare, Office Equipment, Telecommunications,
Technology Finance, Materials Handling & Construction Equipment
and Bank Outsourcing. In its domestic market, the company offers Real
Estate Finance, Equipment Leasing, Car & Commercial Vehicle Leasing,
ICT Leasing and Trade Finance through local Rabobanks but also direct
to market. De Lage Landen is a wholly owned subsidiary
of the Dutch Rabobank Group that is AAA-rated by Moody’s and Standard
& Poor’s. In 2002, De Lage Landen’s net profit was $94 million with
a balance sheet of $12.9 billion. For more information, please visit our website
at www.delagelanden.com ###
Sites
of Reference: CONTACT: Rita
DiMartino De
Lage Landen Financial Services Phone
Number: 610 386 5441 Fax
Number: 610 386 5840 E-mail:
rdimartino@leasedirect.com ###
Press Release ############################################### Pacific
Capital Bancorp Records Sale of $15.8 Million Note SANTA
BARBARA, Calif.----Pacific Capital Bancorp (Nasdaq:PCBC), a community
bank holding company with $4.5 billion in assets, today announced that
it has recorded the assignment of a $15.8 million note to Canpartners
Realty Holding Company IV, LLC. The note, secured by a prominent hotel
property in the Santa Barbara area, had previously been classified as
a nonperforming loan, and had been discussed by the Company in its periodic
filings with the Securities and Exchange Commission and in publicly
issued press releases and publicly broadcast investor/analyst conference
calls. In
the second quarter of 2003, a notice of default had been filed due to
the nonpayment of interest and principal by the borrower according to
the terms of the note. As previously disclosed, the Company had established
a specific allowance for the note. The $3.1 million allowance exceeds
the discount taken and costs incurred by the Company in the sale of
the note and this will result in a positive impact of $2.0 million to
the Company's provision for credit loss in the third quarter of 2003. Contacts Pacific
Capital Bancorp Deborah
Lewis Whiteley, 805-884-6680 ###
Press Release ############################################### ------------------------------------------------------------------------------------------------ News
Briefs--- Factory
orders up 1.7 percent in June, fresh sign of healing in manufacturing http://www.signonsandiego.com/news/business/20030804-1404-economy.html Surge
in Rates Threatens Star of the Economy: Mortgages http://www.nytimes.com/2003/08/05/business/05ECON.html Next
PC Cycle Helping Boost Chip Sales http://www.internetnews.com/bus-news/article.php/2243831 Gov.
Davis files suit to delay recall http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/6456083.htm Sports
Briefs--- Raiders
lawyer spells out team's losses after move to Oakland http://www.theredzone.org/news/showarticle.asp?ArticleID=226 Tyson's
Bankruptcy Is a Lesson in Ways to Squander a Fortune http://www.nytimes.com/2003/08/05/sports/othersports/05TYSO.html ---------------------------------------------------------------------------------
This
Day in American History 1570-
Spanish Jesuits led by Fray Batista Segura arrived in the Chesapeake
Bay area of Virginia, for the purpose of converting the American Indians
to Christianity. (Unfortunately, six months later, the entire group
was massacred by the very Indians they had come to evangelize.) Spain then ordered all Jesuits to leave Florida. 1583-Sir Humphrey Gilbert, English navigator and explorer,
aboard his sailing ship, The Squirrel, sighted the Newfoundland coast
and took possession of the area around St. John’s harbor in the name
of the Queen, thus establishing the first English colony in Northern
America. Gilbert was lost at sea, in a storm off the Azores, on his
return trip to England. http://www.infoplease.com/ce6/people/A0820808.html 1604-Birthday of John Eliot, American “Apostle to the Indians,”
translator of the Bible into an Indian tongue ( the first bible to be
printed in America), was born at Hertfordshire, England. He died at
Roxbury, MA, May 12, 1690. http://justus.anglican.org/resources/bio/164.html 1656 -Eight Quakers from England arrived in Boston
and were immediately imprisoned by the local Puritan authorities. (The
church-and-state amalgam of Puritanism looked upon non-ritual Quakerism
with suspicion, regarding it as theologically apostate and politically
subversive). what they were escaping from: religious prosecution. 1749-Birthday of Thomas Lynch, signer, Declaration of Independence,
born Prince George’s Parish, SC. Died
1779 ( lost at sea, exact date of death unknown.). 1775- the Spanish ship San Carlos, commanded
by Juan Manuel de Ayala, entered San Francisco Bay. ( lower half of: http://memory.loc.gov/ammem/today/aug05.html ). http://www.itp.berkeley.edu/~asam121/angel.html 1830-Birthday of James A Healy, first Black bishop in America. http://www.holycross.edu/departments/publicaffairs/website/features/healy1.htm 1834—Known as Emancipation Day in Grenada (originally discovered
by Columbus ) to commemorate the emancipation of slaves by the British
. Celebrated the first Monday in August. http://www.1uptravel.com/international/caribbean/grenada/history-culture.html
http://caymannetnews.com/Archive/Archive%20Articles/August%202001/Issue%2098/Emancipation.html 1844 - The cornerstone for the Statue of Liberty was laid
at Bedloe’s Island (now called Liberty Island), New York. The actual
statue was accepted as a gift to the United States from the people of
France by U.S. President Grover Cleveland on October 28, 1886. The statue
became a symbol of freedom to the European immigrants who passed it
on their way to Ellis Island and their admittance to the United States.
It remains today as a symbol of liberty for all http://www.endex.com/gf/buildings/liberty/liberty.html 1858- Julia Archibald Holmes became the first woman on record
to reach the summit of Pike's Peak. http://memory.loc.gov/ammem/today/aug05.html 1858-Through the efforts of Cyrus West Field, after two unsuccessful
attempts, the Transatlantic cable was completed. The cable was 1,950 statute miles long and more
than two-thirds of it was laid more than 2 miles deep. Introductory
and complimentary messages were exchanged by President James Buchanan
and Queen Victoria on August 16, 1858.
The cable was weak and the current insufficient, and service
was suspended on September 1, 1858. 1861-Income tax was levied by Congress during the Civil War
by an act this day which imposed a 3 percent tax on incomes exceeding
$800 and 1.5% tax on income derived from government securities. The
income tax lists were open to public inspection by “ all persons who
may apply to inspect the same.” This was interpreted in such a way as
to eliminate idle curiosity seekers. The law was not enforced and was
replaced the following year by another. It was rescinded in 1972 along
with other Civil War taxes. An income tax law was passed by Congress
on August 27,1894, as part of the tariff act, but it was declared unconstitutional.
The 16th Amendment to the Constitution, which was declared
ratified on February 25, 1913, gave Congress the power to lay and collect
income taxes. 1864-the Great Battle of Mobile Bay: a Union fleet under
Admiral David Farragut attempted to run past three Confederate forts
into Mobile Bay, Alabama. After
coming under fire, the Union fleet headed into a maze of underwater
mines, known at the time as torpedoes.
The ironclad Tecumseh was sunk by a torpedo, after which Farragut
is said to have exclaimed, “ Damn the torpedoes, full steam ahead!”
The Union fleet was successful and Mobile Bay was secured. (
Torpedoes in these days were
“mines” that floated or were submerged in the water, exploding on contact. It was very dangerous to go through water minefields).
The lead Rebel ironclad, the USS Tecumseh, unable to avoid
the danger, struck a mine and sank into the oceans depths. Yet, against
all odds, the seasoned admiral ordered his flagship, the Hartford,
and his fleet to press forward through the underwater minefield and
into Mobile Bay. Some historians
view this as the turning point of the campaign, especially
after General Jubal A. Early had entered the District of Columbia in
July, and continued to
battle Union forces from the Shenandoah Valley.
Farragut’s victory under overwhelming obstacles
spurred General Grant, the rest of the troops, and brightened up President
Lincoln’s outlook
as he thought the war was going poorly, there were many who thought
Congress should find
“peace” with the Confederates, and former General McClennan was favored
to beat Lincoln
in the November election, until possible Farragut’s amazing victory. He was 63 years old,
not in very good health, and to command his ship, had his sailors strap
him to the riggers so
he could view what was happening and give orders.
It is not often that one man can lead a
Navy into victory with the Army to follow. http://www.cr.nps.gov/nr/twhp/wwwlps/lessons/73morgan/73morgan.htm
http://www.history.navy.mil/photos/sh-usn/usnsh-c/chika-k.htm http://www2.cr.nps.gov/abpp/battles/al003.htm http://www.2xtreme.net/ctyson/civwar/farrag10.htm
http://www.nps.gov/vick/visctr/sitebltn/farragut.htm http://www.admiralfarragut.org/ 1867-Birthday of Jacob Ruppert, Jr., baseball executive born
at New York, NY. Ruppert was the son of a brewery owner who purchased
the New York Yankees in 1914 with Tillinghast Huston for $450,000. Ruppert bought Babe Ruth from the Boston Red
Sox, built Yankee Stadium and made his team the best in baseball. Died
New York, January 13, 1939. http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=914 http://store.yahoo.com/scripophily/yanplaytrana.html 1869- Birthday of Grant C. Tullar, American Methodist evangelist
and music publisher. He is remembered today for composing the tune to
the hymn, "Face to Face with Christ My Savior." Died May 20, 1950, Ocean Grove, NJ. http://www.cyberhymnal.org/bio/t/u/tullar_gc.htm 1899-Birthday of Conrad Aiken, American poet, short-story
writer, critic and Pulitzer Prize winner ( poetry, 1930). He was born at Savannah, GA, and died there
August 17, 1973. http://www.poets.org/poets/poets.cfm?prmID=770&CFID=8427572&CFTOKEN=3561476 1902- Birthday of band leader Luis Russell http://www.artistdirect.com/music/artist/bio/0,,488020,00.html?artist=Luis+Russell 1908-Birthday of trumpet player Don Albert, New Orleans,
LA. http://www.landing.com/profiles/satch68.htm http://www.ucpress.edu/books/pages/9098/9098.ch4.pdf 1909-Congress passed a law to tax corporations. The act taxed all corporations with an income
over $5,000. The law was passed
prior to the adoption of the U.S. income tax amendment. 1912-Birthday of Raol Wallenberg, Swedish architect born
at Stockholm, Sweden. He was the second person in history ( Winston
Churchill was the first ) to be voted honorary American citizenship
( US House of Representatives 396-2, September 22,1981). He is credited
with saving 100,000 Jews from almost certain death at the hands of the
Nazis during WW11. Wallenberg was arrested by Soviet troops at
Budapest, Hungry, January 17, 1945, and, according to the official Soviet
press agency Tass, died in prison, at Moscow, July 17, 1947. 1914 - Euclid Avenue and East 105th Street in Cleveland,
Ohio became the first intersection in the U.S. to be equipped with an
electric traffic light. Cross arms were installed 154 feet above the
ground and equipped with red and green lights and buzzers, as we may
commonly see today at railroad
intersections. Two buzzes signaled
Euclid Avenue traffic to proceed and one buzz signaled the traffic on
105th Street. It was
not until 1923 that African-American Garrett A. Morgan
invented and
developed the traffic light that is presently in use today. He sold the patent rights to General Electric
Corporation for $40,000. Morgan
was a prolific inventor, among his other inventions were the gas mask
used by American troops in World War I and a smoke inhalator that saved
the lives of workers trapped in a tunnel under Lake Erie in 1916.1921
- KDKA radio in Pittsburgh, PA did the first play-by-play broadcast
of a baseball game. Harold Arlin described the action as the Pirates
beat Philadelphia 8-5. 1921 - The "New York World" published the first
cartoon to be awarded a Pulitzer Prize. "On the Road to Moscow",
by Rollin Kirby, received the prestigious journalism honor. 1923 - Henry Sullivan became the first American to swim across
the English Channel and he did it on this day. 1924 - The comic strip "Little Orphan Annie" debuted
in the New York "Daily News". Annie and her little dog, Sandy,
were creations of cartoonist Harold Gray. His work would come to life
in the Broadway and film adaptations of Annie a half-century later --
to great success. 1926-Magician Harry Houdini stays chained in
a coffin under water for several hours and escapes. http://www.magictricks.com/cheaptricks/posters/houdini1.htm http://www.magictricks.com/houdini/ 1926-Birthday of singer Jeri Southern, Royal,NE. http://www.mrlucky.com/songbirds/html/sep99/9909_southern.html http://www.allbutforgottenoldies.net/damita-jo.html 1936 - Jesse Owens won his third gold medal by running a
200-meter race in 20.7 seconds at the Olympic Games held in Berlin,
Germany. http://wawa.essortment.com/jesseowens_refk.htm 1939-Birthday of Tommie Lee Aaron, baseball player born at
Mobile, AL. The brother of home run king Henry Aaron hit 13 homes in
a seven-year major league career. Died at Atlanta, GA. 1941-Birthday of percussionist Airto Moriera, Brazil. 1943-Birthday of singer Sammi Smith, Orange, CA. http://www.countrypolitan.com/prof0501.php 1944-Birthday of Robbie Robertson, guitarist with the Band,
born in Toronto. First known as The Hawks, The Band evolved from
a group taken to Ontario from the US by Ronnie Hawkins. The original
members were gradually replaced by Canadian musicians, with the exception
of drummer Levon Helm. The Band moved to the US in 1965, where they
became Bob Dylan's backup group. 1945- Atom Bomb dropped on Hiroshima (Aug 6th
in Japan), the first atomic bomb dropped.
Death by radiation was not contemplated as the blast was to scare Japan into surrendering has man controlled
air bombs and torpedoes were becoming more numerous and it was alleged
they would rather die fighting, then surrender. 1948
– Top Hits You
Can’t Be True, Dear - The Ken Griffin Orchestra (vocal: Jerry Wayne) Woody
Woodpecker Song - The Kay Kyser Orchestra (vocal: Gloria Wood &
The Campus Kids) It’s
Magic - Doris Day Bouquet
of Roses - Eddy Arnold 1950-Birthday of one of my favorite singers, Huey Lewis,
whose real name is Hugh Cregg the Third, was born in New York City.
He formed his six-man rock band, the News, in San Francisco in 1980.
Huey Lewis and the News first reached the charts in 1982 with "Do
You Believe in Love." The band reached its peak in 1985 and '86
with the charttoppers "The Power Of Love" and "Stuck
With You." He lives in nearby Marin County, appears often
locally, along with his friend Robin Willia. Often sings the National
Anthem for the S.F. 49er football games. He is reportedly a big 49er fan. http://www.getmusic.com/microsites/hueylewis/
ms 1954- Elvis Presley, backed by guitarist Scotty Moore and
bassist Bill Black, recorded three songs at the Sun Records studio in
Memphis. Two of the tunes, "That's All Right" and "Blue
Moon of Kentucky," were released as Presley's first record. Both
sides were local hits in the Memphis area. 1956
– – Top Hits My
Prayer - The Platters Hound
Dog/Don’t Be Cruel - Elvis Presley Whatever
Will Be Will Be (Que Sera Sera) - Doris Day I
Walk the Line - Johnny Cash 1957-“ Dick Clark’s "American Bandstand" caught
the attention of network executives at ABC-TV in New York, who decided
to put the show on its afternoon schedule. However, the one thing they
couldn't do was disrupt an airing of the hugely popular "Mickey
Mouse Club" at 5 p.m. What to do? Halfway through the "American
Bandstand" show, Clark would tell listeners to come back for more
of the show ... but “right now ... here comes the Mouse!” At that time,
the network would cut away from Philadelphia and show Walt Disney's
Mouseketeers. Following the show ... "American Bandstand"
would return for another 30 minutes. American Bandstand” and Dick Clark
are synonymous; he hosted the show for more than 30 years.
“ AB” started out as a local show at Philadelphia in 1952.
Clark, then a disk jockey, took over as host at the age of 26. The format was simply: teens dancing, performers
doing their latest hits, Clark introducing song and listing the top
10 songs each week. This hour-long show was not only TV’s longest-running
musical series, but also the first one devoted exclusively to rock and
roll. The show was cancelled six months after Clark turned over the
hosting duties to David Hirsch in 1989. 1960 - In an unprecedented move, two major-league baseball
clubs traded managers. Jimmy Dykes of the Detroit Tigers moved to manage
the Cleveland Indians while Joe Gordon left the Indians to take over
the managerial reins of the Tigers. 1962-Jamaica Independence Day, a national holiday observing
the independence from Britain August
6, but celebrated the first Monday in August. 1962-We generally celebrate only birthdays, but the world
fell in love with Marilyn Monrow’s unique combination of sensuality
and approachability. She was the epitome of Hollywood glamour, making
29 files in her career. Her tragic
death at age 36, at Los Angeles, from an overdose of sleeping pills,
is shrouded in controversy. I
knew the first film cameramen on the scene, before the police arrived,
and he told me there was a note she had written. It was also known she had called Bob
Kennedy three times that night, one of them threatening to commit suicide,
which reportedly
she had done before. She had
had an affair with his brother, had been his paramour, and Bobby wanted
to run for president and no longer “could see her. “
She was born June 1, 1926, at Los Angeles. 1964-The first Navy pilot shot down and captured in North
Vietnam was Lieutenant (j.g.) Everett Alvarez, Jr., 26, of Santa Clara,
CA, aviator on the U.S.S. Constellation.
He parachuted into the ocean.
He was rescued by the crew of a small Vietnamese boat, to whom
he surrendered. He was confined in the Hon Gay naval base and
later in the Hoa Lon prison. He
was returned to the United States almost ten years later, on February
13, 1973. http://www.pownetwork.org/bios/a/a038.htm 1964- The US begins bombing North Vietnam and
racial turmoil brings America to face more racial turmoil as the world rebounds with the news the day before when three young civil rights workers
were found murdered and buried in an earthen dam on a farm outside Philadelphia,
Miss. The three, James Chaney,21, of Meridian, Miss., and Andrew Goodman,20,
and Michael Schwerner, 24, both of New York City, had disappeared on
June 21 after being held for six hours by Neshoba County police on charges
of speeding. Their burned station
wagon was found June 23, prompting President Johnson to order an FBI
search for the three men. 1964
– – Top Hits A
Hard Day’s Night - The Beatles The
Little Old Lady (From Pasadena) - Jan & Dean Everybody
Loves Somebody - Dean Martin Dang
Me - Roger Miller http://www.usafricaonline.com/DrKing.html 1967- Bobby Gentry releases her only hit "Ode
to Billy Joe". wrote and recorded in 1967.
(Billie Joe McAllister jumped off the Tallahatchie Bridge because of
a homosexual relationship in the movie, but Bobby Gentry said she's
not telling what really happened) won 3 grammy awards and was made into
a movie in 1976 http://www.swinginchicks.com/bobbie_gentry.htm
http://www.leoslyrics.com/listlyrics.php?sid=~%AA%E5Rv%12-%FA http://home.t-online.de/home/walterv/gentry.htm http://www.moviefolio.com/movies/Ode_to_Billy_Joe_1976.cfm http://shopping.yahoo.com/shop?d=v&id=1800102319 1969-Willie Stargell of the Pittsburgh Pirates hit the only
home run ever out of Dodger Stadium.
His blast off pitcher Alan Foster cleared the right-field pavilion
and traveled an estimated 506 feet from home plate. 1969-
the Rolling Stones gave a free concert in London's Hyde Park. In memory
of Brian Jones, the group's former lead guitarist, Mick Jagger read
an excerpt from the poems of Shelley and released thousands of butterflies
over the park. Jones had been found dead in the swimming pool of his
home two days earlier. 1972
– – Top Hits Alone
Again (Naturally) - Gilbert O’Sullivan (If
Loving You is Wrong) I Don’t Want to Be Right - Luther Ingram Daddy
Don’t You Walk So Fast - Wayne Newton It’s
Gonna Take a Little Bit Longer - Charley Pride 1974 - The comic strip "Tank McNamara" premiered
in 75 newspapers. Jeff Millar and Bill Hinds created the 6-foot, 4-inch,
225-pound former defensive tackle of the State University Sand Crabs;
and who became a jock/sportscaster. http://www.thirdage.com/news/comix/tank/ 1974-President Nixon released tape transcripts revealing
he had impeded the Watergate investigation.
One example of the evidence was an order to H.R. Halderman on
June 23, 1972, to tell the FBI: “ Don’t go any further in this case,
period!” In three more days he would resign as president. 1975 - Singer Stevie Wonder signed the recording industry’s
largest contract: $13 million over a seven-year period. Wonder stayed
with his original label, Tamla/Motown, while other major Motown artists,
including Diana Ross, Gladys Knight and The Four Tops had left the label
over creative differences and financial accounting disputes. 1980
– – Top Hits Magic
- Olivia Newton-John Little
Jeannie - Elton John Take
Your Time (Do It Right) - The S.O.S. Band Dancin’
Cowboys - The Bellamy Brothers 1981- President Reagan fires 11,500 air traffic
controllers who struck two days ago. 1983 - Vida Blue was released by the Kansas City Royals.
Blue had spent 13 years in the big leagues. At his release by the Royals,
the former Cy Young Award winner had gone 0-19 in pitching appearances.
1989-For the first time, the race off in the Hambletonian,
harness racing’s most prestigious race, ended in a dead heat with Park
Avenue Joe being declared the winner over Probe.
Park Avenue Joe finished second in the first head and won the
second heat. Probe won the first heat but broke stride and finished
ninth in the second heat. 1984 - Toronto’s Cliff Johnson set a major-league baseball
record by hitting the 19th pinch-hit home run in his career as he led
the Blue Jays to a 4-3 win over the Baltimore Orioles. Johnson hit an
additional pinch-homer in 1986 to extend his record to 20. 1984 - Joan Benoit won the first women’s Olympic marathon
at the Summer Games in Los Angeles, California. 1984-Edwin Moses wins Gold Medal in Olympics track and field
in Los Angeles, California. 1984-Evelyn Ashford wins Gold Medal in Olympics track and
field in Los Angeles, California. 1986- It's revealed Andrew Wyeth had, secretly
created 240 drawings & paintings of his neighbor Helga Testorf,
in Chadds Ford, Pa . http://www.artwallpapers.com/modernart_Andrew_wyeth.htm http://www.tfaoi.com/aa/3aa/3aa244.htm http://www.andrew-wyeth-prints.com/helga.html http://www.picassomio.com/books/isbn/0060929219/es/ Clinton to give him a pardon, but was not one
of the 1500 granted..
Mario served his time, is 83, sick, and living alone. When he was in
Congress, he helped the mentally retarded, the police, and the people
of Northern Ireland. He just didn't have anyone to buy him a pardon. http://bioguide.congress.gov/scripts/biodisplay.pl?index=B000432 http://www.thenationalcouncil.com/ppresidents/biaggi.htm http://www.thenationalcouncil.com/ http://www.recguns.com/Sources/VG2.html 1988
– – Top Hits Roll
with It - Steve Winwood Hands
to Heaven - Breathe Make
Me Lose Control - Eric Carmen Don’t
We All Have the Right - Ricky Van Shelton 1990-The first Round-the-World solo sailing trip by an African-American
was achieved by marketing executive and Coast Guard captain William
Pinkney, in the cutter Commitment. The 22-month voyage, across a distance
of 342,000 nautical miles, began in Boston, MA. Pinkney sailed south past the coast of South
America, across the Atlantic Ocean to Capetown, South Africa, and on
to the Australian island of Tasmania. After a nine-month break, he sailed
around Cape Horn and back up the coast of Africa. The Commitment was
equipped with a satellite computer system and a short-wave radio that
allowed 20,000 schoolchildren in Boston and Chicago to follow Pinkney’s
progress. 1994 - Michael Jackson and bride, Lisa Marie Presley, visited
Budapest, Hungary. While there, they filmed an advertisement for his
upcoming album, "HIStory - Past, Present and Future - Book 1".
The couple also visited children’s hospitals where they comforted young
patients and distributed toys. 1994- Hootie and the Blowfish released their major-label
debut, "Cracked Rear View." The album took almost a year to
make it to number one on the Billboard chart, and when it did, it knocked
Michael Jackson's "HIStory" from the top spot. By mid-1996,
"Cracked Rear View" had sold more than 13 million copies in
the US, becoming one of the most successful debut albums ever. 1995- more than 100 Grateful Dead fans were hurt when a wooden
deck collapsed at a campground lodge in Wentzville, Missouri. Hundreds
of people were on or under the deck sheltering from heavy rain. More
than 4,000 Deadheads were staying at the campground while attending
Grateful Dead concerts in the St. Louis suburb. 1997- the remaining members of John Lennon's original group,
The Quarrymen, reunited to commemorate the 40th anniversary of the historic
meeting between Lennon and Paul McCartney. They performed the Del Vikings
hit "Come Go With Me" from the back of a truck that toured
the streets around Liverpool's St. Peter's Church where Lennon and McCartney
first met on July 6th, 1957. 1999
- St. Louis Cardinals first baseman Mark McGwire belted home runs #500
and 501 to reach the 500-homer mark faster than anyone had before. He
did it in his 5,487th at-bat. Babe Ruth had held the previous record,
having reached #500 in 5,801 at-bats. In case you are wondering, the
others in the top five were Jimmie Foxx (7,074), Mickey Mantle (7,300)
and Mike Schmidt (7,331). McGwire connected for his historic homer(s)
in St. Louis’ Busch Stadium, the same ballpark where he had broken Roger
Maris’ 37-year-old single-season home-run record Sept. 8, 1998, when
he hit homer #62. McGwire went on to hit 70 home runs that season, finishing
just ahead of Chicago Cubs’ Sammy Sosa, who hit 66. 2000- Sammy Sosa becomes the first Cubs' player
to reach 100 RBIs six consecutive times. Hack Wilson did it for five
straight seasons from 1926-30. |
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