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Looking to Hire the Best!

If you are located in the Mid-Atlantic region with a book of customers and limited funding, we should talk. Email resume to:
Call Tom at 800-422-1844

About the Company: Liberty is a regional self-funded finance company specializing in hard assets at good rates. 

Tuesday, February 17, 2009

Basketball superstar Michael Jeffrey Jordan born February 17, 1963 Brooklyn, NY: five MVP awards, ten All-NBA First Team designations, nine All-Defensive First Team honors, fourteen NBA All-Star Game appearances and three All-Star MVP, ten scoring titles, three steals titles, six NBA Finals MVP awards, and the 1988 NBA Defensive Player of the Year Award. He holds the NBA record for highest career regular season scoring average with 30.12 points per game, as well as averaging a record 33.4 points per game in the playoffs.


Alert: Sterling Financial, Prairie Village, Kansas
    Removed from Leasing News Story Credit List
        Classified Ads---Senior Management
Stimulus Bill extends 50% Bonus Depreciation
    OneWorld Members post $400 million in 2008
        Ex-Leaf Employees Still Available
SunBridge Capital, Mission, Kansas-up-date
    Tygris/USXL Vendor Finance exits another division
        Classified Ads---Help Wanted
Leasing 102 by Mr. Terry Winders, CLP
Asking the Correct Questions
    Leasing News Top Stories---February 9-13
        Ginny Young: Stimulus Bill hopefully will help
Bank Beat---Four Banks Fail/Mortgage payment halt
    Classified ads— Signing Service / Site Inspection
        Leasing Association Conferences
New Hires---Promotions
    TimePayment increases bank syndication
        Optimus Group grants $8.7 MM equipment lease
More companies/pay cuts to avoid more layoffs
    5 reasons why bank failures occur in Georgia
    Biggest fall in Japan's GDP in 35 years
    Major decline in Canadian manufacturing
    Kan. suspends income tax refunds, may miss payroll
News Briefs---
    You May have Missed---
        California Nuts Brief---
    Sports Briefs---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
    Daily Puzzle
Weather, USA or specific area
    Traffic Live----

######## surrounding the article denotes it is a “press release”


Alert: Sterling Financial, Prairie Village, Kansas
Removed from Leasing News Story Credit List

Sterling Financial
4200 Somerset Drive
Prairie Village, KS
started: June 1993
Mr. Jody Dick, Exec, Vice President
12 employees
Business: Nationwide
Dollar Amount: $5,000 to $30,000
Footnote: Does Subprime Leases

Story Credit List:



Classified Ads---Senior Management

Atlanta, GA
Strong sales and leadership skills; demonstrated with sales training and sales performance. Lead team in both regional and national operations and developed marking programs.

25+ yrs exper. management roles Chase, AT&T Capital, Heller Financial, SFS. Develop biz from “scratch to success”. Looking for challenging & pioneering job.

Gig Harbor, WA
Experienced at starting up leasing divisions for community banks, designing broker programs, designing credit policies/ d matrix's/ syndication of full financial package transactions.
Resume attached.

Philadelphia, PA
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.

Salt Lake City, UT
Exp. in financial documentation, contract negotiations, residual analysis, marketing, credit/collections, contract drafting, and asset remarketing. Position held VP of Remarketing.

Seattle,WA--Pacific Northwest
Results oriented CLP with 27 year background in all phases of Portfolio Management and underwriting. Contact for resume and references.

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

To place a free “job wanted” Leasing News ad:

ELFA Career Center: Job Seekers (free):



Stimulus Bill extends 50% Bonus Depreciation

The Stimulus bill extends the 50 percent bonus depreciation allowance for another year to property placed into service in 2009. The special bonus is available on top of the regular first-year allowance tied to the purchase of most types of tangible property placed into service in 2009. The regular deduction is a complete write-off in the year the equipment goes into service, while the bonus depreciation provision accelerates the recovery period.

While no Investment Tax Credit made the list, although promoted by the leasing industry, the bonus depreciation may be a good stimulation to the leasing industry.

There are other tax provisions that also promote spending on equipment, whether with cash or finance.

In addition, projects to go out to bid by both state and federal government will favor companies who lease and use their cash flow to their advantage.

Leasing News will high light the advantages to finance and leasing in the coming editions.



OneWorld Members post $400 million in 2008

Perhaps meeting for the first time since Ira Romoff "retired” on January 5, 2009, the 25 members of OneWorld Leasing, announced at their Friday San Diego, California meeting that its membership had originated over $400 million in capital equipment for fiscal year 2008, an average of $16 million per member. Of that number, President Lou Manitzas told Leasing News $50 million was completed through the co-op.

"Currently we only fund 10-15% of our members’ volume," he said. "That will change in years to come as we add systems, staff and processes. Thus the $50 million out of $400 million."

One World is the first recognized co-operative, although the concept is not new to leasing, such as Steve Chriest’s former operation Signature Leasing, as well as many other groups who have formed a relationship with others leasing companies to pool resources or fund recourse and non-recourse for securitization or other lines of credit, such as Dave Schafer at Orion.

Ira Romoff no longer at OneWorld Leasing

Member-Owners: OneWorld Leasing:



Ex-Leaf Employees Still Available

LEAF Corporation announced on August 19, 2008 that they were closing LEAF Third Party Funding in Southern California (formerly Pacific Capital Bank Leasing, Santa Barbara Leasing) for an expansion in Columbia, South Carolina. Leasing News started out with a list of employees who were available. Paul Menzel, CLP, is now the president of Financial Pacific, Washington. Most of the employees found jobs not in the leasing industry, mostly in banking. In contacting those on the list, here is a similar contact received from someone who did find employment:

"Thank you, I have found work. All though I wish it was in leasing."

Former LEAF Third Party Funding, Southern California,
Santa Barbara Leasing Employees available from Paul Menzel’s former operation:

Allen Moehle, Credit Director
(Long time credit director from thrift days to bank days, much experience. Originally did not want to relocate, now has his house up for sale as he is willing to move.)

Lori Staggs, Documentation Manager/Funding

Oscar Castro III, Marketing Coordinator

Sherrill Nickerson, Operations Manager/Credit Analyst
Much experience, willing to relocate.

Steve Mixsell, Senior Systems Analyst
Will consider relocating

Steve Reid, Marketing/Broker Relationships
(Doesn't want to relocate, will travel, work from his house, took December off to start seriously looking today; very well-respected and well-known; turned down offers of companies he did not want to work for in Southern California.)

LEAF Financial Corporation announced last week that it has entered into a new, three-year revolving $75 million credit facility with Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC - News). This facility will support the activities of its public limited partnership, LEAF Equipment Finance Fund 4, L.P. (LEAF 4)

Nov. 24, 2008:
“LEAF Financial Corporation, the commercial finance subsidiary of Resource America, Inc. (NASDAQ:REXI), announced today that it has entered into a new, five-year revolving $150 million credit facility with a major international bank. This facility will support the activities of its public limited partnership, LEAF Equipment Leasing Income Fund III, L.P. Approximately $100 million of the facility will be used to refinance a maturing credit facility with Merrill Lynch, and the remainder will be used to fund the ongoing originations of LEAF III.”


“In November 2008, the Company, through LEAF Equipment Leasing Income Fund III, L.P. ("Fund III"), an unconsolidated leasing partnership managed by LEAF, entered into two financing facilities totaling $355.0 million including: (i) a $205.0 million credit facility led by Morgan Stanley Bank that was used to acquire the assets of NetBank Business Finance in November 2007 and (ii) a five- year revolving $150.0 million credit facility that refinanced a maturing credit facility and will also fund future originations.”

The company web site states “375 employees at LEAF Corporation,
Fastest Growing Finance Company in Excess of 1 Billion Dollars,
had the largest percentage increase in Net Assets among the Top 50 leasing companies in the country, and LEAF had the highest year over year increase percentage in new business volume in the leasing industry.



SunBridge Capital, Mission, Kansas-up-date

Early January, SunBridge announced it had sold "a portfolio of leases and leased assets to Philadelphia’s LEAF Financial Corporation, a subsidiary of Resource America Corporation."

The financial terms of the transaction were not made public.

Readers report the "Trucks at Home" division is no longer in business.

December, 2008, Leasing News reported that the trucks at their division "Trucks on Hand," has been repossessed. It was known at the time that New World Equipment Funding, LLC, Lake Success, New York had given them a line and were not happy with the sale of repossessed equipment. Leasing News was told at the time that all employees were let go except for four employees.

In November, SunBridge announced no more funding until first of year to concentrate on "Trucks on Hand." In June, 2008, many brokers and vendors reported leases not being funded. Problems with the repossessed truck were not only the trucking industry itself, but the collateral was not in very good condition. By the time the vehicles were repossessed, they had many problems as the debtors obviously did not have the money to maintain them in good working condition. Some had not been on the road for six months.

It is reported there are several law suits from funders, previous employees, as well as lessors and brokers in line, too.

SunBridge Capital does not respond to inquiries from Leasing News.

Problems at SunBridge Capital: No Money



Tygris/USXL Vendor Finance exits another division

Tygris Commercial Finance Group Inc.
500 W. Monroe, 28th Floor
Chicago, Illinois

Leasing News has been seeking an interview to find out what is happening with Tygris/USXL Vendor Finance. It seems as soon as they changed their name, adding "Vendor Finance," they exited
the C&I platform in December, the Technology platform in January, and now in February, reportedly their largest division, the copier unit.

There definitely is a change in direction which makes this a newsworthy story.


“With the dramatic changes in the financial market over the last year we continue to evaluate our business objectives and existing relationships. We regret to inform you that as of February 6, 2009 we will no longer be accepting new lessee credit applications from ####################.

“We will honor any open approvals for 90 days submitted prior to February 6, 2009 and will continue to support your portfolio of customers until they reach the end of their primary term. We will not however process applications after the above stated date.

“I want to thank you for the partnership that we have enjoyed and apologize for any disruption this may cause to your business. In the event that you have any questions please contact me directly at 973-576-0607.

“Michael Jones
Chief Originations Officer
Tygris Vendor Finance
Formerly US Express Leasing
973-576-0607 (Direct Line)”




Leasing Industry Help Wanted

Commercial Sales Associate

Looking for Sales Associate with a following.  Your area of expertise should be with any titled rolling stock;  New or Used Ambulances, Trucks, Street Sweepers,Tow Trucks, Buses,  any commercial vehicle.  National Scope.  Hi Commission with benefits. 

Curt Webster, CVLE  516 922-7447

We are an independent automobile, truck, and commercial equipment leasing company with over 36 years serving the best customers in the United States.


Looking to Hire the Best!

If you are located in the Mid-Atlantic region with a book of customers and limited funding, we should talk. Email resume to:
Call Tom at 800-422-1844

About the Company: Liberty is a regional self-funded finance company specializing in hard assets at good rates. 

San Clemente, California

The iFinancial Group is looking for highly motivated individuals with experience originating equipment lease transactions .  We offer a relaxed work environment, provide leads and offer above industry standard commission. Call Todd Clark 888-852-5155 x223 or email:

Ten years providing financing nationwide


Like selling vendor programs and large transactions?
Enjoy international financing programs?
Prefer the advantages of a commission only environment with the security of health and welfare benefits?

CLICK HERE to find out how to have fun again.

Please see our Job Wanted section for possible new employees.



Leasing 102
by Mr. Terry Winders, CLP

Asking the Correct Questions

The more I speak with leasing salespersons the more I am convinced that they need training on how to solicit customers. I have mentioned many times that when contacting a customer that has equipment needs, even if the lead came from a vendor, you should open the discussion by asking questions about the equipment that is being replaced. ‘How long did you use it?” “Do you intend to use the new one the same period of time?” This will give you some indication of term and what type of lease to offer.

If the term is short perhaps a true lease is in order and if the term is long perhaps a bargain option lease should be offered. In addition, instead of offering a term of 36, 48, or 60 months ask the customer if they have a budget amount they would like to have, and if they do, put it in the payment section of your calculator with your yield requirement and the equipment cost and search for the number of months it will take at their budget amount.

If they do not care about the payment size and they are looking for a bargain option lease or a $1 out then ask if they want to end the lease at the end of their fiscal year. This may create an irregular term of months however it establishes how a lease is different than a loan. If they have a seasonal cash flow or do they want to place the payments next to revenue for a cost analysis or margin control. Operating lease classification for the lessee offers many cost control factors not found in lending.

The other major concern a salesperson should have is the issue of lessee GAAP classification and its impact on the lease term or how the cost of the lease is going to be handled on the books of the lessee. A Capital lease requires the lessee to discount the lease payment at their incremental borrowing rate to determine the net present value of the lease payments. If the lease contains a bargain purchase option, then the term of the amortization (depreciation), of the net present value, will be spread over the actual useful life of the equipment to the lessee. This term of amortization may be different than the term of the lease which means even thought the lease may terminate the expense for depreciation may continue and the lessee will not want to wait to replace the equipment until the expense is off the books to avoid double charges or taking a loss to replace it.

If the purchase option is not a bargain and it is a capital lease because the net present value is above 90% of the equipments fair market value at least the amortization is limited to the term of the lease. Provided you established a proper lease term according to their true term of use you should know exactly when to offer replacement leasing and retain a good customer.

If you are one of those rate card carrying salespeople who think customers only think in terms of rate it is going to be hard times for the next few years. Even though it appears as a heavy expense in tough times you should always consider getting some training to improve your skills. Learn to sell, not just present, your lease or finance programs.

Always remember that a good salesperson asks leading questions and learns to listen for the first fifteen minutes of every meeting and never offers anything to the customer until you discover what they need and what they are willing to accept.

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)



Leasing News Top Stories---February 9-13

Here are the top ten stories opened by readers:

(1) Brokers looking for a funder

(2) Who lets leasing brokers in?

(3) Clarification---Evans National Leasing

(4) Bank Beat---Three more banks close

(5) First Financial Corporate Services joins “Funder List”

(6) Classified Ads--- Ex-Balboa Broker Liaison

(7) Dakota Financial New Credit Guidelines

(8) Mitch Larkin leaves Madison Capital

(9) GE Added $9.5 Billion to GE Capital Explained

(10) Bob Robichaud, CLP, Steve Tidland Bank Memo



Ginny Young: Stimulus Bill hopefully will help

Ginny is one of the original founders of the Leasing News Advisory Board. She had been in the finance industry for 35 years, including being very active for over 20 years in equipment leasing. She retired from the commercial finance industry in 2005.

Since closing Brava Capital, Ginny has become CFO of the family’s construction business which builds municipal playgrounds for schools and parks.

"We are a construction company and like most companies of all types, our gross sales have been affected quite a bit. We saw a 20% decrease in business in the last quarter of 2008.

"The first quarter of 2009 seems a bit worse. The vast majority of our customers are municipalities and for the first time in 24 years of business we are experiencing order cancellations.

"About 7% of our customer's are general contractors and we are experiencing high delinquency in this area. If I was asked the same question prior to the last quarter of 2008, I would have told you we are posed to have the best year ever, oh well. The year 2007 was our best year, just ask the IRS."

Her prior company Brava Capital specialized in franchise financing. She was a very active member of the United Association of Equipment Leasing having chaired several committees, worked on regional committees and was a speaker/panelist at annual conferences. She wrote articles for "Newsline." She chaired the very successful 1999 Annual Conference and Exhibition and served on the Board of Directors for four years.

Ginny Young
Ortco, Inc.
2163 N. Glassell Street
Orange, CA 92865-3307



Bank Beat---Four Banks Fail/Mortgage payment halt

On Friday, Fannie Mae, Freddie Mac and major banks JPMorgan Chase & Co., Morgan Stanley, Citigroup Inc. and Bank of America Corp. said they were halting foreclosures for at least a month. Coral Gables-based BankUnited and Fort Lauderdale-based BankAtlantic followed suit, all saying they hoped to learn more soon about President Barack Obama's $50 billion plan to keep more people from losing their homes. President Obama is expected to provide more details in an Arizona speech Wednesday.

Columbia River Bank, The Dalles, Oregon entered into an agreement with the FDIC and the Oregon Division of Finance and Corporate Securities that requires the bank to take steps to improve its safety and soundness. The Bank’s Chief Executive Officer, Terry L. Cochran, said, “Although we are disappointed about the issuance of a regulatory order, we believe this arrangement represents a positive step in our long-term direction. We are working closely with the FDIC and the Oregon Division of Finance and Corporate Securities to address a variety of issues that are affecting the Bank in light of the current regional and national economic downturn.”

12th bank to fail this year: Corn Belt Bank and Trust Company, Pittsfield, Illinois, was closed Friday the 13th by the Division of Banking, Illinois Department of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Carlinville National Bank, Carlinville, Illinois, to assume all of the deposits of Corn Belt Bank and Trust Company.

As of December 31, 2008, Corn Belt Bank and Trust Company had total assets of approximately $271.8 million and total deposits of $234.4 million. The Carlinville National Bank will pay the FDIC a premium of 1.75 percent.

The Carlinville National Bank will not assume $92 million in brokered deposits held by Corn Belt Bank and Trust Company. The FDIC estimates that the cost to the Deposit Insurance Fund will be $100 million. The Carlinville National Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to alternatives.

13th bank to fail is Pinnacle Bank, Beaverton, Oregon, closed Friday the 13th by the Oregon Division of Finance and Corporate Securities. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Washington Trust Bank, Spokane, Washington, to assume all of the deposits of Pinnacle Bank. As of December 31, 2008, Pinnacle Bank had total assets of approximately $73 million and total deposits of $64 million. In addition to assuming all of the deposits of the failed bank, including those from brokers, Washington Trust Bank agreed to purchase approximately $72 million in assets at a discount of $7.6 million. The FDIC will retain the remaining assets for later disposition.

The FDIC and Washington Trust Bank entered into a loss-share transaction. Washington Trust Bank will share in the losses on approximately $66 million in assets covered under the agreement.
The FDIC estimates that the cost to the Deposit Insurance Fund will be $12.1 million.

Tenth Bank to fail: Sherman County Bank, Loup City, Nebraska, was closed Friday the 13th by the Nebraska Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Heritage Bank, Wood River, Nebraska, to assume all of the deposits of Sherman County Bank.

As of February 12, 2009, Sherman County Bank had total assets of approximately $129.8 million and total deposits of $85.1 million. Heritage Bank will pay the FDIC a premium of six percent. In addition to assuming all of the deposits of Sherman County Bank, Heritage Bank agreed to purchase approximately $21.8 million in assets, comprised mainly of cash, cash equivalents and marketable securities. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund will be $28.0 million. Heritage Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to alternatives. Sherman County Bank is the tenth bank to fail in the nation this year. The last institution to fail in Nebraska was Equitable Savings and Loan, Columbus, on February 16, 1990.

11th bank to fail this year: Riverside Bank of the Gulf Coast, Cape Coral, Florida, was closed Friday the 13th by the Florida Office of Financial Regulation with TIB Bank, Naples, Florida, to assume all of the deposits of Riverside Bank. Due to the observance of Presidents' Day on Monday, Riverside's nine offices will reopen on Tuesday as branches of TIB Bank.

As of December 31, 2008, Riverside Bank had total assets of approximately $539 million and total deposits of $424 million. TIB Bank agreed to pay the FDIC a premium of 1.3 percent.

TIB Bank will not assume $142.6 million in brokered deposits held by Riverside Bank. In addition to assuming all of the deposits of Riverside Bank, TIB Bank agreed to purchase approximately $125 million in assets, comprised mainly of cash, cash equivalents and marketable securities. The FDIC will retain the remaining assets for later disposition. The FDIC estimates that the cost to the Deposit Insurance Fund will be $201.5 million.

Current List of Failed Banks:



Classified ads— Signing Service / Site Inspection

Leasing Industry Outsourcing
(Providing Services and Products)

Signing Service: New Jersey
Mobile NJ Lease Signing Service
We are New Jersey mobile lease signers and Notaries.We bring lease to clients, expedite signing and return docs. Same day.
Jim Lissemore, Pres
Site Inspection: Placentia, CA
On site verifications, document signing or collections. Quick, accurate and professional. Reports with photographs e-mailed direct. Agents throughout US. Contact for coverage and rates.

Site Inspection: 
US & Canada
Quiktrak performs equipment inspections within 24 hours of your job placement anywhere in the US. Order, check status & receive reports & photos online.

Site Inspection: 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,

Inspection: Tampa /St. Pete, FL
Contact Dick Mitchell @ Randolph Lynn Associates for prompt professional pre-funding equipment inspections, collateral "visits", and related lessee/vendor contacts. (Florida locations) 727-302-9144

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:



Leasing Association Conference 2009

April 4-7
National Equipment Finance Association
2009 Spring Education Conference
Hilton Inn
Orlando , Florida


April 16-17
Equipment Leasing and Finance Association
National Funding Exhibition
Fairmont Hotel, Chicago, Illinois


April 30-May 2, 2009
NAELB Annual Conference
Red Rock Casino, Resort and Spa
Las Vegas, NV


September 24-27, 2009
National Equipment Finance Association
2009 Fall Conference and Exposition
Monterey , California


October 18th-20th
Equipment Leasing and Finance Association
48th Annual Convention
Manchester Grand Hyatt
San Diego, CA


November 9, 2009
National Equipment Finance Association
2009 Super Regional Conference
Newark, New Jersey


To view Leasing Association Events-Meetings Open to All, please click here.

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Scott Wheeler.)



New Hires---Promotions

Tanya Boliba joins Vision Financial, Pittsburgh, Pennsylvania, as Sr. Account Manager in the new Denver, Colorado metro office to focus on healthcare vendor development.

Robert Burbeck joins Vision Financial Pittsburgh, Pennsylvania, to be based in the Southeastern US. He brings over 16 years experience as Director of Sales and is domiciled in Georgia.

Nancy Eggan has been promoted to executive vice president of operations and documentation at Mazuma Capital, Draper, Utah. “Nancy is the architect and guardian of Mazuma’s entire documentation process. Every aspect of her role in the company directly impacts our P&L,” said Jared Belnap, Mazuma’s president and CEO. Eggan has more than thirty years of experience in the leasing industry. Prior to her role at Mazuma she served as vice president of operations and documentation at Applied Financial, LLC and has worked in similar roles for other finance companies including Matrix Funding Corporation, Cottonwood Thrift and Loan, and FMA Leasing Company.

Michael Boden Gay was named director of major markets for Key National Finances lease advisory and distribution business. Previously, Gay was senior managing director for Firstlight Financial Corp., which was preceded by six years at GE Commercial Finance, first as managing director, GE Commercial & Industrial Finance, and second as managing director, GE Corporate Lending. Before that, he was director, portfolio acquisitions, at the Commercial Equipment Finance Group, which followed a position there as director, business development. Prior to that, he was vice president/investment manager for Finova Mezzanine Capital, which followed finance positions at Tokai Financial Services and Telogy Corp. Gay has a bachelor’s degree in political science from the University of California, Berkeley.

Bill Gmaz joins Vision Financial, Pittsburgh, Pennsylvania as the Chief Risk Officer, bringing over 30 years experience to the team.

Lisa Namdar was named Senior Sales Manager for the Commercial Equipment Leasing Group, Premier Lease & Loan Services, a division of Great American Insurance Group, Cincinnati, Ohio. Prior she spent 11 years with U.S. Bank Equipment Finance, Inc. Ms. Namdar has been a licensed property/casualty agent since 1999, and is based out of Beaverton, Oregon.

Debi Schmidt joins Vision Financial, Pittsburgh, Pennsylvania, as Director of Sales in the new Denver, Colorado metro office to focus on healthcare vendor development.

Donald A. Synborski has joined Key National Finance as director of major market syndications. He was key founder and president of Greystone Equipment Finance, Burlington, Massachusetts, who "left" in November, 2008. Greystone had a “Preferred Funder Status” with OneWorld Leasing, Inc.(“OWL”),


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

TimePayment increases bank syndication

WOBURN, Mass.---MicroFinancial Incorporated (NASDAQ: MFI - News) a financial intermediary specializing in vendor-based leasing and finance programs for microticket transactions, announced that its operating subsidiary, TimePayment Corp., has increased its line of credit with a five member bank syndicate led by Sovereign Bank, a subsidiary of Banco Santander (STD), from $60 to $85 million.

The loan agreement allows the Company to borrow up to $85 million against eligible lease receivables subject to a borrowing base calculation. The interest rate under the amended agreement will be the Prime Rate plus 1.75% or, at the Company's option, LIBOR plus 3.75%, in each case with a minimum rate of five percent.

Richard Latour, President and Chief Executive Officer said, “Our ability to increase our line of credit in this challenging economic environment demonstrates a continued confidence in our Company. We are pleased to have increased our credit facility which, when combined with our strong cash flow from operations, will allow us to continue to provide our customers with the financial services they need to grow their business.”

About MicroFinancial

MicroFinancial Inc. (NASDAQ: MFI - News), is a financial intermediary specializing in microticket leasing and financing. MicroFinancial has been operating since 1986, and is headquartered in Woburn, Massachusetts.

About Sovereign

Sovereign Bank is a financial institution with principal markets in the Northeastern United States and is a subsidiary of Banco Santander, S.A. Sovereign Bank has 754 community banking offices, over 2,300 ATMs and approximately 11,000 team members. Sovereign Bank offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets and wealth management. Banco Santander, S.A. is an international financial services company based in Madrid, Spain. For more information on Sovereign Bank, call 1-877-SOV-BANK.


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

The Optimus Group grants $8.7 MM equipment lease

Equipment Lease Facility for $3 Billion International Mining Concern

Advisor to corporate lessees still sees opportunities for firms with strong balance sheets and good credit.

Mission Viejo, CA -- The Optimus Group is pleased to announce the successful funding of a $8.7 million equipment lease for a $3 billion international mining concern. The leased equipment was comprised of a variety of new construction equipment.

"We are extremely satisfied that we were able to complete this transaction at a fixed rate of 3.87% for a 72 month term given the challenges in the credit market," said Jay Zeinfeld, President of The Optimus Group. "This transaction further demonstrates our commitment to source for our clients the best possible financing and leasing structures available in a tight credit environment. Despite all the doom and gloom on the economy, we still see significant financing opportunities for corporations with strong financials, steady operations and a history of sensibly managing credit lines."

About The Optimus Group

The Optimus Group provides financial advice on equipment lease and loan transactions, potential contract conflicts, optimal lease or loan structures, early termination, upgrade/replacement rights, default provisions, FMV and other end of term disputes, casualty loss, and forced renewals and extensions. Working closely with Chief Financial Officers, Vice Presidents of Finance, Corporate Treasurers and Corporate Purchasing executives from a variety of industries, The Optimus Group reduces expenses by eliminating unnecessary financing costs. Clients include publicly traded and privately held businesses with revenues that range from $100 Million to over $10 Billion.


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

News Briefs----

More companies turning to pay cuts to avoid more layoffs,0,3374713.story

Five reasons why bank failures occur more frequently in Georgia

Biggest fall in Japan's GDP in 35 years

Major decline in Canadian manufacturing

Kan. suspends income tax refunds, may miss payroll

Apple Takes Biggest Bite of U.S. Wi-Fi Usage

Retailers' loss of revenue hammers city and state budgets

Conan O'Brien reflects upon exiting 'Late Night' for 'Tonight'



You May have Missed---

Miami banker gives $60 million of his own to employees



Sports Briefs----

Johnson's Mulligan at Pebble Beach

Tampa Bay Buccaneers tell Jeff Garcia to move on

Coach Mike Singletary State of the 49ers Report



California Nuts Briefs---

Schwarzenegger to send layoff notices Today

California lawmakers use campaign contributions for lavish lifestyles

Rain not enough to ease conservation worries



“Gimme that Wine”

Almost Three in Five Americans Are Wine Buyers

Three-liter wine sales on the rise

Usibelli worker Gallegos wins pruning contest

Ranks of California's farmworkers swell in faltering economy

Southwest Wines wins top prize

Wine Prices by vintage
US/International Wine Events
Winery Atlas
Leasing News Wine & Spirits Page
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.



Today's Top Event in History

1972-President Richard Nixon left the White House to visit Red China. He was the first president to visit a nation not recognized by the federal government. This was also the first trip to China, the world's most populous nation, by any American president. Accompanied by a small army of journalist, he arrived in Beijing on Fe4brtuary 21 for talks with Chairman Mao Zedong and Premier Zhou Enlai. Later that year, Nixon became the first president to visit the Soviet Union when he arrive in Moscow on May 22 for a summit with Soviet leaders. Among the agreements that were reached during the visit was the Strategic Arms Limitations Treaty, singed by President Nixon and the Soviet leader Leonid I. Brezhnev on May 26, which limited both nations to 200 antiballistic missiles each, divided between two defensive systems.


This Day in American History

    1621 - Miles Standish was appointed 1st commander of Plymouth colony.
    1761-Still surviving today in some East Coast communities, and considered landmarks as they exist today are “milestones” between cities. There were stone blocks with mileage to mark the highways. Originally they were set by the directors of an insurance company known as the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire. On this day, they agreed” to apply their fines ( a forfeiture of one shilling for not meeting precisely at the hour appointed, and two shillings for total absence) in purchasing Stones to be erected on the Road leading from Philadelphia toward Trenton, the distance of a mile from another with the Number of miles from Philadelphia, to be cut in each stone, and Thos, Wharton and Jacob Lewis are requested to Contract for the same. On May 15,1764, at five o'clock in the morning, the two men starting out from front and Market streets, taking with them the Surveyor General of the Province, and plated a stone at the end of every mile. They planed the 29 th milestone near the edge of the Delaware River, and gave their two remaining stones to be planted on the Jersey side of the road to New York.
    1801-Presidential candidate Thomas Jefferson won support of a majority of congressional Representatives displacing incumbent John Adams. Jefferson's triumph brought an end to one of the most acrimonious presidential campaigns in U.S. history and resolved a serious Constitutional crisis. Republican Jefferson
(an offshoot of the Democrat-Republican party ) defeated Federalist John Adams by a margin of 73 to 65 electoral votes. When presidential electors cast their votes, however, they failed to distinguish between the office of president and vice president on their ballots. Jefferson and his running mate Aaron Burr each received 73 votes. With the votes tied, the election was thrown to the House of Representatives. There, each state voted as a unit to decide the election. Burr publicly professed support for Jefferson, is fellow Republican, but did nothing to take himself out of the race, even though the Republicans intended that Burr become vice-president. Many Federalists favored Burr for president, but Alexander Hamilton, the leading Federalist, detest Burr and worked behind the scenes on Jefferson's behalf, despite his disagreement with Jefferson's policies. For six days, Jefferson and Burr essentially ran against each other in the House. Votes were tallied over thirty times, yet neither man captured the necessary majority of nine states. Eventually, a small group of Federalists, led by James A. Bayard of Delaware, reasoned that a peaceful transfer of power required the majority choose the President, and a deal was struck in Jefferson's favor. On the 36 th ballot, this day, barely two weeks before a new president was to be inaugurated, Jefferson received a majority vote when certain Federalist gave up their support of Burr. Burr was elected Vice-president. Jefferson was inaugurated on March 4, 1801. Adopted in 1804, the Twelfth Amendment, to the Constitution provides that electors "name in their ballots the person voted for as president, and in distinct ballots the person voted for as vice president." Just three years after his vice-presidential inauguration, Aaron Burr shot and fatally wounded Alexander Hamilton in a duel. Hamilton, a longtime political antagonist of Burr, played a key role in breaking the congressional stalemate in Jefferson's favor.
    1817-The first gas streetlight was lit. The first gas street lights through a city were installed in Baltimore, MD. by the Gas Light Company in 1817. On June 19, 1816, the mayor and council authorized the company, whose officers included the artist Rembrandt Peale, to lay pipes for the manufacture and distribution of gas “to provide for more effectually lighting the streets, squares, lanes and alleys of the city of Baltimore.” Coal gas was used. The first engineer of the company was David Pugh.
    1864 - The Confederate hand-propelled submarine Huntley, armed with a ram torpedo, attacked the USS Housatonic in the Charleston Harbor. His torpedo was a mine placed onto the end of a long pole. When the Huntley hit the Housatonic with the mine, the resulting explosion sank both vessels. This was the first time in US Warfare that a submarine successfully sank another ship.
    1865-Fort Sumter Returned to Union Control: After a siege that lasted almost a year and a half, Fort Sumter in South Carolina returned to Union hands on this date. The site of the first shots fired in the American Civil War, the fort had become a symbol for both sides during the war. As Union attempts to retake it by shelling diminished the fort's capacity with large bombardments, Southern forces managed to hold out with few casualties.
    1865-Columbia, South Carolina was set afire while being entered by federal troops under General William Tecumseh Sherman. Bales of cotton were put to the torch, perhaps by Confederates to prevent their falling into federal hands. Strong winds scattered the burning cotton across most of the city. On 11 February 1865, Sherman learned that only a cavalry unit was between him and Columbia. This was ample proof that his strategy of indirect approach was effective since the Confederates were more concerned about protecting Augusta and Charleston than the state capital. Sherman occupied Columbia on 18 February 1865. When Sherman's forces entered the city, they found it littered with broken furniture and other household items left by the pillaging Confederate soldiers and civilians. The railroad depot and a large storage building had been burned to the ground. Bales of cotton piled in the middle of many streets had been torn open, and lint was flying around. Fires were still burning when the initial troops entered the city and they turned to putting out the fires. That night the smoldering cotton bales, fanned by the high winds and possibly fueled by drunken soldiers and civilians, spread a great fire. Union soldiers attempting to put out the fire could only look on in misery as it consumed building after building. The next the population looked out on their city and saw vast destruction. While two-thirds of the city remained standing that morning, churches, most stores, and many of the most expensive houses were in ruins. Although Sherman did not order the city burned, the simple fact that he was there when the city was burnt placed the blame clearly on his shoulders to many Southerners. When Sherman left Columbia on 20 February 1865, Sherman's soldiers again acted on Sherman's total war policy and put to torch anything of military value. It was his goal to stop all modes of supply transportation which started with blocking traffic up the Mississippi and Atlantic Ocean ports, with an emphasis on destroying railroad junctions and the tracks themselves.
    1876 - In Eastport, Maine, Julius Wolff was credited as the first person to can sardines in metal. Although the canning of sardines in bottles began in Europe in 1834, it was not until the Franco-Prussian War of the early 1870s cut off the supply to America, that the opportunity was provided to can sardines in America. In 1875 the commission house of Wolff and Reising, under the direction of Julius Wolff, began its first successful American sardine cannery in Eastport. At its greatest extent there were 22 sardine factories in Eastport at one time. The cans were soldered together in three pieces, a time consuming process. In 1903 machine-made and machine- sealed cans replaced the three-piece soldered cans.
    1897-The Parent-teacher association ( national) was organized as the National Congress of Mothers in Washington DC, by Alice McLellan Birney and Phoebe Apperson Hearst at a meeting attended by 2,000 persons. At the annual meeting of March 9,1908, the name was changed to the National Congress of Mothers and Parent-Teacher Associations. On May 9,1924, the name was changed to the National Congress of Parents and Teachers.
    1899-The first six-day bicycle race, featuring two-man teams, came to an end at New York's Madison Square Gardens. The race finished in a blizzard that was sweeping the entire Northeast and Southeast of the United states. The winning team of Charles Miller and Frank Waller rode a combined distance of 2,733 miles.
    1902--Birthday of Marian Anderson, described as the greatest voice of the 20th century. First woman of color to sing with the Metropolitan Opera. She sang with the major orchestras and opera companies of the world and performed before major heads of state. She was awarded the Presidential Medal of Freedom in 1963. In 1939 when the Daughters of American Revolution (DAR) refused to allow her to sing in their hall because of her race, Eleanor Roosevelt, among others, quit the organization and organized an outdoor concert at the Lincoln Memorial instead.
    1908-Walter Lanier “Red” Barber Birthday. One of the first broadcasters inducted into the Baseball Hall of Fame, "Red" Barber was born at Columbus, MS. Barber's first professional play-by-play experience was announcing the Cincinnati Reds opening day on radio in 1934. That game was also the first major league game he had ever seen. He broadcast baseball's first night game (in Brooklyn) on Aug 26, 1939, the game in which Jackie Robinson broke the color barrier in 1947, and while a Yankee radio announcer he called Roger Maris's 61st home run in 1961. "Red" Barber died Oct 22, 1992, at Tallahassee, FL.
    1908-Birthday of Flash Gordon, also known as Clarence Lindon “Buster” Crabbe, Olympic gold medal swimmer, bron at Oakland, CA. Crabbe's first-place finish in the 400-meter freestyle was the only swimming medal won by an American at the 1932 Olympic Games in Los Angeles. After his swimming career was over, he played Tarzan, flash Gordon and Buck Rogers in the movies. These appeared on early television, and I very well remember both Buck Rogers and Flash Gordon. By the way, there were no residuals for any of the actors, writers, directors of any movies until 1960. Residuals for “made for TV” shows were limited to five payments until 1979 when it went to nine payments. There were other minor changes, but it was not until 2001 that expanded this. Buster Crabbe died at Scottsdale, AZ, 1983 and never received any residuals for his movies on TV.
    1913-The first Modern art exhibition of importance opened at the 69 th Regiment Armory in New York City. The controversial exhibition, organized chiefly by the American modernist painter Arthur Bowen Davies, scandalized the public with such avant-garde works as Marcel Duchamp's “Nude Descending a Spiral Staircase.” More than 250,000 visitors received their first look at paintings by Paul Cezanne, Paul Gauguin, Vincent van Gogh, Edward Hopper, Henri Matisse, John Marin, Charles Scheeler, and others.
    1923-Birthday of clarinet player Buddy DeFranco, born Bonifacio Ferdinando Leonardo Defranco ,Camden, NJ,,421834,00.html?artist=Buddy+DeFranco
    1926-Lee Holby birthday, composer, concert pianist, born Madison, WI.
    1930 - Eureka, CA, reported an all-time record high of 85 degrees, a record which lasted until September of 1983.
    1936-James Nathaniel “Jim” Brown birthday. activist, actor, Pro Football Hall of Famer, born St. Simons Island, GA.
    1936 - The temperature at McIntosh SD plunged to 58 degrees below zero to establish a state record
    1938-Slim Gaillard and Slam Stewart cut “Flat Foot Gloogie.”
    1941- Singer Gene Pitney was born in Hartford, Connecticut. He first gained fame as a songwriter, penning "Hello Mary Lou" for Rick Nelson and "He's a Rebel" for the Crystals. In 1961, Pitney went into the recording studio himself, playing and overdubbing every instrument and multitracking his vocals. The result was his first hit, "(I Wanna) Love My Life Away." Gene Pitney had more than 20 chart singles during the '60s, including "(The Man Who Shot) Liberty Valance," "Only Love Can Break a Heart" and "It Hurts to Be in Love."
    1944 - The Japanese naval base at Truk, Caroline Islands, was bombed by Allied aircraft destroying 201 planes.
Rank and organization: Boatswain's Mate Second Class, U.S. Navy. Born: 31 May 1920, Daggett, Mich. Accredited to: Michigan. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as a diver engaged in rescue operations at West Loch, Pearl Harbor, 17 February 1945. Aware of the danger when 2 fellow divers were hopelessly trapped in a cave-in of steel wreckage while tunneling with jet nozzles under an LST sunk in 40 feet of water and 20 feet of mud. Hammerberg unhesitatingly went overboard in a valiant attempt to effect their rescue despite the certain hazard of additional cave-ins and the risk of fouling his lifeline on jagged pieces of steel imbedded in the shifting mud. Washing a passage through the original excavation, he reached the first of the trapped men, freed him from the wreckage and, working desperately in pitch-black darkness, finally effected his release from fouled lines, thereby enabling him to reach the surface. Wearied but undaunted after several hours of arduous labor, Hammerberg resolved to continue his struggle to wash through the oozing submarine, subterranean mud in a determined effort to save the second diver. Venturing still farther under the buried hulk, he held tenaciously to his purpose, reaching a place immediately above the other man just as another cave-in occurred and a heavy piece of steel pinned him crosswise over his shipmate in a position which protected the man beneath from further injury while placing the full brunt of terrific pressure on himself. Although he succumbed in agony 18 hours after he had gone to the aid of his fellow divers, Hammerberg, by his cool judgment, unfaltering professional skill and consistent disregard of all personal danger in the face of tremendous odds, had contributed effectively to the saving of his 2 comrades. His heroic spirit of self-sacrifice throughout enhanced and sustained the highest traditions of the U.S. Naval Service. He gallantly gave his life in the service of his country.
    1945--HERRING, RUFUS G. Medal of Honor
Rank and organization: Lieutenant, U.S. Naval Reserve, LCI (G) 449. Place and date: Iwo Jima, 17 February 1945. Entered service at: North Carolina. Born: 11 June 1921, Roseboro, N.C. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of LCI (G) 449 operating as a unit of LCI (G) Group 8, during the preinvasion attack on Iwo Jima on 17 February 1945. Boldly closing the strongly fortified shores under the devastating fire of Japanese coastal defense guns, Lt. (then Lt. (j.g.)) Herring directed shattering barrages of 40mm. and 20mm. gunfire against hostile beaches until struck down by the enemy's savage counterfire which blasted the 449's heavy guns and whipped her decks into sheets of flame. Regaining consciousness despite profuse bleeding he was again critically wounded when a Japanese mortar crashed the conning station, instantly killing or fatally wounding most of the officers and leaving the ship wallowing without navigational control. Upon recovering the second time, Lt. Herring resolutely climbed down to the pilothouse and, fighting against his rapidly waning strength, took over the helm, established communication with the engineroom, and carried on valiantly until relief could be obtained. When no longer able to stand, he propped himself against empty shell cases and rallied his men to the aid of the wounded; he maintained position in the firing line with his 20mm. guns in action in the face of sustained enemy fire, and conned his crippled ship to safety. His unwavering fortitude, aggressive perseverance, and indomitable spirit against terrific odds reflect the highest credit upon Lt. Herring and uphold the highest traditions of the U.S. Naval Service.
    1949 - Richard (Dick) Button beat his competitors in Paris, France, to hold onto the men's figure skating championship world title. Button is now a figure skating commentator at events around the world for American television, including Olympics competition.
    1949-Pianist George Shearing records “September in the Rain.”
    1952-Top Hits
Slowpoke - Pee Wee King
Cry - Johnnie Ray
Anytime - Eddie Fisher
Give Me More, More, More (Of Your Kisses) - Lefty Frizzell
    1954 - In the United States, Doris Day's single, "Secret Love", became the #1 song. From the motion picture, "Calamity Jane", the song spent 3 weeks at the top of the music charts.
    1955--At the recommendation of R&B artist Lloyd Price, Richard Penniman, who is currently leading an ensemble called Little Richard and The Upsetters, sends a demo tape to Specialty Records founder Art Rupe. After some initial reluctance, Rupe will sign Penniman to a contract that will pay the singer a half cent for every record sold.
    1958 - The greatest snowstorm of the mid 20th century struck the northeastern U.S. The storm produced 30 inches of snow in interior New England, including more than 19 inches in 24 hours at the Boston Airport. The same storm produced up to three feet of snow in the Middle Atlantic Coast Region, with 14 inches at Washington D.C., and 15.5 inches at Baltimore MD. The storm resulted in 43 deaths and 500 million dollars damage over the Middle Atlantic Coast States
    1958 - Former star of the New York Giants football team, Frank Gifford, signed a seven-year film contract with Warner Brothers, which did not make him a movie star despite the studio's expectations. Gifford then went into broadcasting. His first job was as a sportscaster for New York's WCBS-TV, before he moved to WABC-TV in New York, then went to network television as the primary play-by-play announcer. Eventually Gifford became color commentator on ABC's "Monday Night Football". Frank married Kathie Lee Gifford of "Regis and Kathie Lee” and last hard he was involved in an affair that sold many tabloids.
    1960--After achieving more than 15 million in sales with Cadence Records, The Everly Brothers sign a ten year, $1 million contract with Warner Brothers records.
    1960- Elvis Presley received his first gold album for "Elvis," which included such songs as "Rip It Up," "Old Shep" and "Ready Teddy."
    1960-Top Hits
Teen Angel - Mark Dinning
Handy Man - Jimmy Jones
The Theme from "A Summer Place" - Percy Faith
He'll Have to Go - Jim Reeves
    1962 - The Beach Boys first hit, "Surfin'" swept California. They had a national hit in the United States when "Surfin' Safari" hit the music charts in August of this same year.
    1962 - Gene Chandler took the #1 spot with "Duke of Earl" for a three week stay. The song also hit #1 on the rhythm & blues charts. Out of the 6 songs Chandler recorded, "Duke of Earl" was his biggest hit. His only million seller was 1970's "Groovy Situation". Curtis Mayfield wrote several hits for Chandler, such as: "Just Be True","What Now" and "Nothing Can Stop Me". Chandler's real name is Eugene Dixon. From 1969 to 1973, he owned his own record label, Mr. Chand, but his million seller was recorded for Mercury Records in 1970.
    1963-Michael Jeffrey Jordon birthday, former basketball player, former minor league baseball player, born Brooklyn.
    1964--Herb Alpert and The Tijuana Brass appear in their first major concert in Los Angeles. Over the next three years, they will become one of the most successful instrumental acts in history, achieving twelve Billboard Top 40 hits.
    1965 - Comedienne Joan Rivers her first guest appearances on NBC-TV's "The Tonight Show starring Johnny Carson". Later she became Carson's permanent guest host until signing for a late-night show deal with FOX television. Johnny was not impressed and wouldn't allow her back on his show.
    1965- "The Tennessee Waltz" was declared Tennessee's state song. The tune provided hit records for Patti Page, Cowboy Copas and its composer, Pee Wee King. Page's recording featured one of the first uses of multitracking in which the singer appeared to sing harmony with herself.
    1966 - RCA Victor awarded Staff Sergeant Barry Sadler a gold record, for the album and the single of "The Ballad of the Green Berets". Sadler, recorded one other single, "The "A" Team", for the label. He served in Vietnam until a leg injury from a Viet Cong booby trap sent him home. In 1988, Sadler was shot in the head during an attempted robbery at his Guatemala home. He suffered brain damage and at 49 years old, died of heart failure in November, 1989 in Tennessee.
    1966--The Beach Boys begin recording sessions for Brian Wilson's masterpiece, "Good Vibrations". Multiple layered overdubs spread out over eleven sessions would make this the most expensive single ever recorded to date. Although the record would top charts around the world and sell millions of copies, it would be The Beach Boys' last to reach the Billboard Top 10 for ten years.
    1968-Top Hits
Love is Blue - Paul Mauriat
I Wish It Would Rain - The Temptations
(Theme From) Valley of the Dolls - Dionne Warwick
Skip a Rope - Henson Cargill
    1968 - In Springfield, Massachusetts, the Naismith Memorial Basketball Hall of Fame opened.
    1969- Bob Dylan began recording at Columbia Studios in Nashville with Johnny Cash. Few of the tracks laid down were ever released officially, although a bootleg album "The Dylan- Cash Session" made its appearance.
    1971 - James Taylor made his prime time television debut on The Johnny Cash Show, singing Fire and Rain and Carolina On My Mind.
    1971-Elton John U.S. debut goes gold. His first U.K. LP, "Empty Sky" is not issued in the States until 1975, by which time John has become a rock star of the first magnitude. He arrived in the States under much publicity in the summer of '70 and was hailed by Robert Hilburn of the Los Angeles Times as the first Superstar of the Seventies. "Elton John" hit #4
    1972- Pink Floyd premiered "Dark Side of the Moon" in concert at London's Rainbow Theatre. When the album of the same title was released a year later, it made Pink Floyd one of rock's biggest acts. "Dark Side of the Moon" sold more than four-million copies. In 1980, it became the longest-charting rock LP in Billboard's history at 303 weeks. It was still on the album charts eight years later.
    1972-Jonathan Edwards is awarded a gold record for "Sunshine," the lone hit for the Virginia folkie. He handles his brief fame in typical laid-back fashion. Instead of buying himself a fancy Porsche, he got himself a fancy truck
    1972-Green Day singer/guitarist Billie Joe Armstrong is born.
    1972-President Richard Nixon left the White House to visit Red China. He was the first president to visit a nation not recognized by the federal government. This was also the first trip to China, the world's most populous nation, by any American president. Accompanied by a small army of journalist, he arrived in Beijing on Fe4brtuary 21 for talks with Chairman Mao Zedong and Premier Zhou Enlai. Later that year, Nixon became the first president to visit the Soviet Union when he arrive in Moscow on May 22 for a summit with Soviet leaders. Among the agreements that were reached during the visit was the Strategic Arms Limitations Treaty, singed by President Nixon and the Soviet leader Leonid I. Brezhnev on May 26, which limited both nations to 200 antiballistic missiles each, divided between two defensive systems.
    1975-John Lennon releases "Rock n' Roll," his final record before a self-imposed five year exile from the music business. It reaches #6 on the chart and doesn't stay for long, falling fast.
    1976-Top Hits
50 Ways to Leave Your Lover - Paul Simon
Love to Love You Baby - Donna Summer
You Sexy Thing - Hot Chocolate
The White Knight - Cledus Maggard & the Citizen's Band
    1976- the Eagles "Their Greatest Hits" album was released. It would eventually sell more than 22 million copies in the US, second only to Michael Jackson's "Thriller."
    1976-Harvard University's Hasty Pudding Theatrical society gives its annual "Women of the Year" award to Bette Midler. Upon accepting, she comments: "This award characterizes what the American male wants in a woman--brains, talents and gorgeous tits." Saw her recently at the San Jose Compaq Arena, “Kiss My Brass,” and she was better than ever, more topical than ever, and just plain terrific.
    1979-“A Prairie Home Companion” premieres on radio. This popular live variety show debuted locally on Minnesota Public Radio in 1974 and was first broadcast nationally on Feb 17, 1979 as part of National Public Radio's Folk Festival USA. It became a regular Saturday night program in early 1980. Host Garrison Keillor's monologues about the mythical Lake Wobegon and his humorous ads for local businesses such as Bertha's Kitty Boutique, Powdermilk Biscuits and the Chatterbox Cafe were accompanied by various musical groups. Broadcast from the World Theater in St. Paul, MN, the show went off the air in 1986. A series of programs were done for cable TV, and Keillor continues to write works of fiction (Lake Wobegon Days). In 1994, "A Prairie Home Companion" went back on the air on Public Radio International.
    1983- Linda Ronstadt, Nicolette Larson, Chaka Khan, Dave Mason and Helen Reddy were the hosts of a skating party in Los Angeles to raise campaign funds for California Governor Jerry Brown's presidential campaign. He then began to date Linda Ronstadt, and it is said their trip un-married to Africa together was the down fall of his candidacy for President.
    1984-Top Hits
Karma Chameleon - Culture Club
Joanna - Kool & The Gang
Jump - Van Halen
That's the Way Love Goes - Merle Haggard
    1989-Chicago Flag Display Controversy. An exhibit at the School of the Art Institute of Chicago, titled What is the Proper Way to Display a US Flag?, consisted of a ledger for viewers to write their impressions but required the viewers to stand on a US flag mounted on the floor to reach the ledger. The exhibit by art student Scott Tyler prompted protests from veterans' groups, a failed lawsuit and an introduction of legislation by Senator Bob Dole to make displaying a US flag on the floor or ground a crime. Although that legislation didn't pass, Congress continues to introduce legislation against flag desecration, most recently in 1999.
    1989-Top Hits
Straight Up- Paula Abdul
Lost In Your Eyes- Debbie Gibson
Wild Thing- Tone-Loc 2
The Lover In Me- Sheena Easton
    1990-Aerosmith appears on Saturday Night Live where they perform a version of the Wayne's World theme song during a skit in which they appeared as themselves.
    1990-- The biggest winter storm of the season hit the Pacific Coast Region. In northern California, snow fell along the coast, and two day totals in the mountains ranged up to 67 inches at Echo Summit. Snowfall totals in the mountains of southern California ranged up to 48 inches at Green Valley, with 46 inches reported at Big Bear. Up to two feet of snow blanketed the southern Cascade Mountains of Oregon, and 20 to 35 inches were reported in the northern Cascades of Oregon. Up to ten inches of snow blanketed Seattle WA.
    1990 - "Opposites Attract", by Paula Abdul with The Wild Pair, was #1 in the U.S. for the second of three weeks. On the Country chart, "On Second Thought", by Eddie Rabbitt, was #1 for the first of two weeks.
    1994-Top Hits
The Power Of Love- Celine Dion
All For Love- Bryan Adams/Rod Stewart/Sting
The Sign-Ace Of Base
Breathe Again- Toni Braxton
    1996 - "One Sweet Day", by Mariah Carey and Boyz II Men, was number one for the 12th of 16 weeks. Now that's what we call a smash! "Bigger Than The Beatles", by Joe Diffie was beginning a 2-week run at #1 on the Country music chart.
    1998-The US won the first Olympic gold medal ever awarded in women's hockey, defeating Canada in the final, 3-1, in the Nagano Winter Olympics. The American team was led by captain Cammi Granto and goalie Sarah Tueting.
    1999-Top Hits
Angel Of Mine- Monica
...Baby One More Time- Britney Spears
Believe- Cher
Heartbreak Hotel- Whitney Houston Feat. Faith Evans
    2000 - Windows 2000 Professional Edition was released. Windows 2000 was an “the next generation NT operating system” that Microsoft said took four years and cost over $1 billion to develop.
    2008--Little Richard (Richard Penniman--1955 today )got a standing ovation from a crowd of 2,400 at the Ryman Auditorium in Nashville without playing a single note. The 75 year old Rock 'n Roll pioneer was seated at the rear of the auditorium during a concert by The Temptations and The Four Tops when he was introduced by The Temp's Otis Williams.




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