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Tuesday, January 20, 2009



Welcome Readers/Three Extra's
    Classified Ads--- Sales
        Pinnacle Business Finance Consolidation
    Fred St. Laurent closes Lease Recruiting Business
Buying a Portfolio, see Lease Police first
by Kit Menkin
    New Hires---Promotions
        Inaugural Luncheon Menu with recipes
Leasing News Top Stories---January 12-16
    Cartoon---Bygone Era
        Free Classified Site Trucks/Trailers/Const. Equip
Classified Ads---Help Wanted
    Bank Beat--What's Happening across America
        The best priced leasing conference in 2009
Leasing 102 by Mr. Terry Winders, CLP
"Correct Lease Documents"
    Court Record: First Sound Bank vs. Larasco, Secords
        Classified ads— Web Sites
Over 8 in 10 corporations have tax havens
    Carlyle, TPG, KKR Bid for AIG Aircraft-Leasing Unit
    RBS expects full-year loss up to $41.3 billion
    Not everyone can refinance to cut mortgage payments
    Banks Foreclose on Builders With Perfect Records
    'N.Y. Times' parent gets $250M from Mexican billionaire
News Briefs---
    You May have Missed---
        Top Stories---
    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----


January 20th: Musical Selections, 10:00am, EST. President Elect Barack Obama and Vice-President Elect Joe Biden will be sworn in shortly before noon, EST Time, on the West Front of the Capitol Hill, followed by a luncheon with all lawmakers in the Capitol's Saturday Hall and an inaugural parade along Pennsylvania Avenue to the White House.

January 21st: Prayer service: President Barack Obama and Vice-President Joe Biden will participate in a National Prayer Service at the Washington National Cathedral in the morning and begin their administration.

Full Inauguration Agenda:

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



Readers not on the mailing list missed three “extras” on Friday, a first for Leasing News.

Over three-quarters reach Leasing News direct by going to the web site. The “extras” are added, but usually do not appear until the next day on the web site.

Changing topics, if you change your email, please notify us when renewing on line or letting us know the old email no longer works.

If you missed the three “extras,” here they are:

GE Capital Cutting Employees

Pinnacle Closes Florida Office

First Sound Bank vs. Secords



Classified Ads--- Sales

Cherry Hill, NJ
College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or
email at
Chicago, IL
Sales Executive or Senior Manager, with responsibility for leasing capital equipment in support of transactions based on current market values, market potential and economic trends.

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales and  Sales Management. Over 20 years, will relocate and travel- successful and team player . 

Fresno, CA
Aggressive, competitive self-starter w/successful vendor/direct equipment
leasing and asset-based lending experience seeks return to leasing industry
after successful stint in business banking sales.

Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker.334-590-5133

Many years of successful experience in niche leasing. Seek position with bank or other self-funded entity. Position and/or location secondary to company profile.

Orange County, CA
19+ years of successful marketing to the broker/lessor community representing one funding source owned by several parent companies.

Over 30 years of financing experience, resume posted at, phone 580-351-2531

Pittsburgh , PA
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592
15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.

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):



Pinnacle Business Finance

Pinnacle Business Finance has relocated their operations to their main Tacoma office. Friday Leasing News confirmed the company closed their office in Stuart, Florida, letting ten employees go, but was unable to confirm that the Rancho Cordova office was also closed. It appears in an announcement to brokers who refer them business that both offices are closed.

The Florida office was operated by Chuck Brazier, CLP, Senior Vice-President. The Rancho Cordova office is under Pinnacle President Tim Cetto.

Pinnacle Chairman/CEO Brent M. Hall, CLP, also president of the National Equipment Finance Association, operates the Tacoma, Washington office.

A Leasing News reader provided the following email sent
by Chuck Brazier, CLP:

"To our Valued Business Partners:

"Pinnacle Business Finance Inc. looks forward to a prosperous 2009 and we wish you the same. To properly align all of our operations in the most efficient and cost effective manner, Pinnacle has decided to consolidate all administrative functions into our Headquarters office in Tacoma, WA. Therefore, effective today, all credit applications and funding packages will be processed by our Tacoma office. This change should be relatively transparent to you as we are committed to dedicating the resources necessary to serve you today and in the future.

Please note the following changes effective immediately:

"Send all Credit Applications to:
Fax: (800) 821-5903

"Send all Funding packages to:
Pinnacle Business Finance, Inc.
Attn: Tawny Hutchison, Funding Coordinator
5407 12th St. E, Suite A
Tacoma, WA 98401

"In order to continue to offer consistent service and communication, please contact the following individuals to assist you in your business:

"Chuck Brazier, SVP (772) 285-6966 Claude Elmore, (541) 207-3595 Helen Darrington, (772) 403-7203

“Finally, we are confident this change strategically aligns Pinnacle Business Finance with the current economic climate and enables Pinnacle to become an even stronger, more secure funding partner for you today and in the future.


"Chuck Brazier
Chuck Brazier, CLP, SVP"



Fred St. Laurent closes Lease Recruiting Business

Long time leasing recruiting executive, Fred St. Laurent, has closed SFBI Recruiters, Inc. DBA MRI Big Creek, as well as basically gotten out of the leasing business, not rejoining the four leasing associations he belonged, as well as being past membership chairman for the National Association of Equipment Leasing. He remains a member of the Leasing News Advisory Board.

Fred has joined SVP The Primary Group, Longwood, Florida.

"My primary focus right now is going to be in the wealth manager sector supporting TPG in its efforts to recruit for their clients,” he told Leasing News. "That being said they want me to continue to build my desk in Leasing as the economy turns around."

"I am taking calls every day from leasing people who are seeking help, having been cut in the recent layoffs and closures. I will do whatever I can to help anyone I can.

"Of course when the economy does turn around I intend to be here for the leasing industry. I am not going to renew my memberships to any of the leasing associations right now but fully intend to join again as the economy warrants.

"Below is my new contact information. TPG recruited me starting back in December and it is a wonderful group of professionals that I am proud to be working for."

Fred St Laurent
The Primary Group
2180 W State Road 434, Suite 4160
Longwood, FL 32779
407-869-4111 x151
407-682-3321 Fax



Buying a Portfolio, see Lease Police first

by Kit Menkin

The relatively inexpensive services of Lease Police, Inc. can not only protect you from fraudulent transactions as well as from a vendor with a high problem record. In purchasing a portfolio it is more than the average FICO score, years in business, type of equipment, geographic location and financials that you review, but the vendor.

The great majority of frauds are caused by sellers of the equipment who promote sale/leasebacks as being “common” or “legal” or bury other costs or are out and out frauds, like Operation Fleece, where they even outsmarted site inspections.

A bank which recently purchased another bank portfolio discovered over $500,000 in fraudulent deals from one vendor that also lead to over a $1,000,000 at another leasing company of suspected undisclosed sale/lease backs. While a great number of these leases are still making payments and not in default, the experience with these type of transactions start to fail 12 to 18 months after origin. Both could have been “saved” if they had gone to Lease Police first who had the vendor/seller in their systems (under several names, too.)

For the record, Leasing News does not have access to Lease Police files and specifically does not receive “inside information” from the founder Bernie Boettigheimer, CLP. Leasing News provides information, but to avoid any conflicts of interests, specifically does not see files. Questions are asked, and often we are told to talk to a company direct, where they most often confirm or add to information that Leasing News has obtained. Bernie will also often recommend the company involved to contact us so we can warn others, but all information he receives is kept confidential, including to us.

Bernie Boettigheimer, CLP
Lease Police, Inc.



New Hires---Promotions

(Photograph by Al Levine)

Don Blody, formerly of Butler Capital, has joined Madison Capital, Baltimore, Maryland, as Credit and Collection Manager. He will be missed at Butler Capital, where CEO and founder Larry Butler told
Leasing News: "Don is a class guy and a real contributor."

Blody outspoken and helpful in alerts to Leasing News as well as constructive criticism, much appreciated, says he was very lucky to join Madison Capital, where Al Levine, long time Leasing News Advisor, is Chief Operating Officer (also a great joke teller and photographer.)

Blody like many in the industry has been through several phases. He was laid off by Barclays Bank of New York in late 1992 when they sold their operation to The Bank of New York. He landed at Tilden which was owned by NatWest Bank at the time. He also survived their acquisition by GE Capital. Eventually GE Capital shut the unit down, as they have a long history in doing, and he wound up at Sovereign Bank (Network Capital.) He had several opportunities as colleagues started other leasing ventures, but decided to go with Butler Capital as he liked the family atmosphere of the company. He had to move from Long Island to Baltimore, Maryland, where his family at first was reluctant but shortly found they really loved the area. He considers himself very lucky to be with Madison Capital so quickly in the area where his family wants to continue to live, too.

Equipment and Vehicle Lease Financing Solutions
9D Gwynns Mill Court
Owings Mills, MD 21117
Direct Line: 443.796.7337
Office: 800.733.5529 x 7337
fax: 443.796.7203



Duckhorn Vineyards & Goldeneye Selected for Inaugural Luncheon

We are honored to announce that the 2007 Duckhorn Vineyards Napa Valley Sauvignon Blanc and the 2005 Goldeneye Anderson Valley Pinot Noir were selected by the Joint Congressional Committee on Inaugural Ceremonies to be served at the 2009 Inaugural Luncheon on January 20th.

Approximately 200 guests including the new President, Vice President, members of their families, the Supreme Court, Cabinet designees, and members of the Congressional leadership will attend the event in Statuary Hall.

2009 Inauguration Luncheon Menu

First Course
Seafood Stew
2007 Duckhorn Vineyards Napa Valley Sauvignon Blanc
Tasting Notes (PDF)
Recipe for Seafood Stew (PDF)

Second Course
A Brace of American Birds (pheasant and duck)
Sour Cherry Chutney and Molasses Sweet Potatoes
2005 Goldeneye Anderson Valley Pinot Noir
Tasting Notes (PDF)
Recipe for Duck (PDF) | Recipe for Pheasant (PDF)

Third Course
Apple Cinnamon Sponge Cake & Sweet Cream Glace
Korbel "Special Inaugural Cuvee"

2007 Duckhorn Vineyards Napa Valley Sauvignon Blanc
“Duckhorn has been remarkably consistent with this bottling…The ‘07 is right up there, a sweetly oaked, leesy wine whose citrus and lemongrass flavors are fattened up with the pears and figs of Sémillon. The finish is quite dry and rich." 90 points , Wine Enthusiast - December 15, 2008.

2005 Goldeneye Anderson Valley Pinot Noir
“Rich and distinctive, with complex, concentrated loamy earth, black cherry, wild berry, savory spice and fresh earth scents. The tannins are rich and mouthcoating, yet the fruit pours through." 92 points , Wine Spectator - July 31, 2008.

Click Here for More on the Inaugural Luncheon




Leasing News Top Stories---January 12-16

Here are the top ten stories opened by readers:

(1) IFC Credit, Morton Grove, Illinois
Bulletin Board Complaint

(2) Popular Business Finance sold to TFC?

(3) GM Plans to Eliminate Saturn, Saab, Hummer, Shrink Pontiac

(4) Arnold Olson Passes Away

(5) Goodman joins Providence Capital

(6) Georgia banks’ problems alarming

(7) Leasing 102 by Mr. Terry Winders, CLP
“Lease Format” Chart

(8) Foreclosure filings soared 81% last year,0,6229726.story

(9) Stopping “Trigger Leads”

(10) BofA getting extra $20B in bailout funds

Extra's, not counted for technical reasons:

GE Capital Cutting Employees

Pinnacle Closes Florida Office

First Sound Bank vs. Secords

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





Free Classified Site Trucks/Trailers/Const. Equip. is a free classified site for commercial trucks, trailers and construction equipment. Recently Equipment Ready has been targeting private sellers and dealers only. They are in the process of offering to Banks, Funding Sources to post repossessed asset in the above category for free.

In 2008, Equipment Ready receives in average 34k monthly traffic, over 200k monthly page hits, and 25k avg unique visitors. Dealers are able to upload inventory through XML ftp to our server.

The site is also submitted to, and google base not to mentioned 30 search engines.

Contact Jules Dalsey for more information, and how to can upload inventory automatically Via Excel & XML.

Jules Dalsey
Marketing Director
Direct: 619-847-2723
Fax: 619-819-9974



Leasing Industry Help Wanted



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.



Bank Beat

Apple Valley Bank & Trust Co., Cheshire, Conn ($84.6 million) acquired by Enfield, Conn.-based New England Bancshares Inc. ($541.5 million)in a cash-and-stock deal. Apple Valley Bank will be merged into New England Bancshares unit Valley Bank.,680894.shtml

Bank of Clark County, Vancouver, WA was closed by the Washington Department of Financial Institutions with the FDIC becoming the receiver. All insured non-brokered deposits were transferred Umpqua Bank, Roseburg, Oregon. As of January 13, 2009, Bank of Clark County had total assets of $446.5 million and total deposits of $366.5 million. At the time of closing, there were approximately $39.3 million in uninsured deposits held in approximately 138 accounts that potentially exceeded the insurance limits. Umpqua will not assume the approximately $117.8 million in brokered deposits. The FDIC will pay the brokers directly for the amount of their insured funds.

First Bank and Trust Co. of Indiantown, Florida, sold majority shares $84.5 million to investor Wilbur Ross. Linda Post, widow of the former chairman of the bank in 1959, named chair emeritus, retaining a 22.75% interest in the bank.

National Bank of Commerce, Berkeley, Illinois, has the distinction to be the first bank to fail in 2009. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Republic Bank of Chicago, Oak Brook, Illinois, to assume all of the deposits of National Bank of Commerce. As of January 7, 2009, National Commerce Bank had total assets of $430.9 million and total deposits of $402.1 million. In addition to assuming all of the failed bank's deposits, Republic Bank agreed to purchase approximately $366.6 million in assets at a discount of $44.9 million. The FDIC estimates that the cost to the Deposit Insurance Fund will be $97.1 million. Republic Bank's acquisition of all deposits was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to alternatives. The last bank to be closed in the state was Meridian Bank, Eldred, on October 10, 2008.

Current List of Failed Banks:

Previous Bank Beat articles:

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



The best priced leasing conference in 2009

Featuring: Gerry Egan, Linda P. Kester, Jim Buckles, Joe Bonanno, CLP, Burke Fosse, Barry Marks, CLP, Sonia Stoddard, Spencer Richman, CLP, Mohammed Ashan, Richard Walker, CLP, Jaime Kaneshina, CLP, David Normadin, and many more, including Paul Menzel, CLP, presenting Bob Teichman, CLP, with the Leasing News Person of the Year Award 2008.


To Register:

What's going on in Vegas:

April 29
April 30
May 1
May 2

Sorry, Barry Manilow has the May 1st weekend off.



Leasing 102

by Mr. Terry Winders, CLP

Correct Lease Documents

I have been asked to present my feelings on generic lease documents. What I mean by that is can you use the same equipment lease agreement for all types of equipment and vehicles. Some do and so long as the lessee pays off correctly no one is hurt, however when problems crop up your lease documents are your salvation. I have seen some lousy lease agreements and can tell you many legal attempts to enforce lease provisions are hampered by poor language and improper provisions.

If you want to use a standard boiler plate document for all leases then put it in modular form so different schedules can be added depending on what type of lease, type of equipment and in what State or States the equipment will be used in. There are big differences between States like Texas, Florida, Louisiana, and Arkansas on how the presentation of responsibilities needs to be laid out in the lease agreement. We also have usury problems on non-true leases beginning to take effect in other States. Also return conditions and maintenance requirements should be on separate schedules according to the industry or equipment leased.

I constantly here complaints about “my documents are too long and the lessee does not want to sign them”. I view that as a sign of a poor sales person. If the Lessee plans to use the equipment correctly and pay for that use all you need is a hand shake, on the other hand the purpose for proper lease documentation is to be prepared to state your claim in court. Poor documents are not the way to go if you have problems. I have said it many times …please visit a good “lease” attorney and have your documents review in light of all the recent changes.

You can create good short documents if it is done on a modular basis so that you only need those provisions necessary to the market you are serving. Also different funding sources prefer that you use their forms and will allow you to put your name in as Lessor, providing you sign an assignment form.

Many think because it is a small ticket transaction the documents need not be so lengthily but in fact it is the fast nature of the transaction and the nature of the risk that actually requires a longer form. You have taken a short approach to the credit and equipment selection with usually a short equipment description so the risk is higher requiring a tighter and longer lease agreement. I know it sounds counter intuitive but there is no excuse for short documents. The court house hallways are littered with the bodies of lessor’s that did not heed the call to proper forms.

If you need to have a recommendation for a good lease lawyer in your state, send an email to Leasing News or one to me, and we will direct you to one.

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)



Court Record: First Sound Bank vs. Larasco, Secords

January 14, 2009
United States District Court for the Western District of Washington (Seattle)

Larasco Inca Washington Corporation, Defendant Louis A. Secord, Ran individual, Defendant, Richard A Secord, an individual


“This case arises out of a series of misrepresentations and omissions by defendants in the sale of their equipment leasing business, Puget Sound Leasing Co., Inc. ("PSL CO"). Defendants made these misrepresentations to induce plaintiff First Sound Bank ("FSB") to purchase a portion of the assets of PSL CO for FSB stock, cash, and other valuable consideration. In purchasing PSL CO's assets, FSB reasonably believed, based on defendants' representations, that it was acquiring rights to leases of high quality (i.e., with low delinquency and charge-off rates), and other assets necessary to operate a profitable leasing business.
However, during the period since the transaction was completed, FSB has learned that PSL CO manipulated its financial records to dramatically overstate the quality of its leases and the profitability of its business. Had FSB known the truth about PSL CO—that its leases had high delinquency rates and that it employed improper business and accounting tactics to inflate its income, disguise delinquencies and hide costs associated with its business—FSB would not have entered into the transaction. By this action, FSB seeks redress for defendants' fraud through rescission of the transaction or an award of damages sufficient to compensate FSB for defendants' fraud.

“25.    In fact, the delinquency rates of the loans originated by defendants were higher than represented to FSB. Defendants' financial records were maintained in a manner that significantly understated and failed to properly disclose the number of leases in default. For example, in cases where PSL CO had repossessed property on delinquent loans, PSL CO had applied the proceeds of the repossession to future payments due on the loan. In these cases, the financial records PSL CO provided to FSB reflected that the loans were fully performing even though, in reality, the leases had defaulted and were no longer secured by the leased property (which had been repossessed).
26.    In addition to disguising the level of delinquency in the loans PSL CO had
sold to FSB, defendants made additional misrepresentations and omissions that overstated PSL CO's profitability and the value of its assets. These misrepresentations and omissions included:
a. Concealed Liabilities. Defendants failed to disclose to FSB certain liabilities of PSL CO to brokers, including the business practices that resulted in these liabilities. Defendants' omission of information about these secret costs of PSL CO's business caused FSB to overvalue the profitability of PSL CO and to overestimate the viability of its business model. For example, when PSL CO originated many of its leases, it entered into agreements ("Broker Side Agreements") with the brokers who had referred the customer to PSL CO. The Broker Side Agreements provided that, in addition to paying the broker a commission when the lease was originated, PSL CO would pay the broker a commission when the customer paid the residual payment at the conclusion of the lease. Defendants did not disclose the existence of the Broker Side Agreements to FSB and the liabilities resulting from the Broker Side Agreements were not reflected on PSL CO's financial statements. Defendant Louis Secord maintained the Broker Side Agreements in separate files in his office and did not make the files available to FSB.
b.    Inflation of Income. PSL CO manipulated its financial statements to create the impression that the business's income was substantially higher than its actual income. For example, PSL CO's lease agreements provided that, in cases where a customer failed to make a lease payment on time, PSL CO could "boost" the value of the optional residual payment that the lessee could make to purchase the leased property at the end of the lease term. Under generally accepted accounting principles, PSL CO could only treat the boosted residual payment as income if and when the lessee actually made the residual payment. PSL CO, however, treated the "boosted" residual as income at the time PSL CO "boosted" the residual payment. Because, in many cases, customers never actually made the "boosted" residual
payment, this accounting process reflected income that PSL CO never earned.
c.    Overstatement of Assets. Defendants misrepresented the value of the assets to be transferred to PSL CO in connection with the Asset Purchase Agreement. For example, defendants represented on PSL CO's financial statements that PSL CO's warehouse contained over $450,000 worth of repossessed equipment that was the property of PSL CO. In fact, almost all of the equipment belonged not to PSL CO, but to the Investor Banks who owned the payment streams associated with the repossessed property.

29.    For example, in March, 2008 (just after the transaction had closed), Louis Secord caused FSB's Puget Sound Leasing Division to make payments to Investor Banks and take write offs in the amount of $949,487.43. These payments and write offs were the responsibility of PSL CO—not FSB—because they were associated with payments made (or in the case of write offs, payments not made) to PSL CO before the transaction closed. Defendants failed to fully reimburse FSB for the $949,487.43—paying FSB only $460,332.31—and did not disclose and/or attempted to conceal from FSB the fact that FSB had not fully been reimbursed.
30.    When confronted with this misconduct, Louis Secord admitted defendants' responsibility for failing to reimburse FSB for the full $949,487.43. Defendants and FSB then entered into a contract entitled Agreement to Clarify Operating Procedures (the "Clarification Agreement"), which was intended to address this issue along with other problems that had arisen after the asset sale. As part of the Clarification Agreement, defendants promised to reimburse FSB for the portion of the $949,487.43 for which they had not yet made reimbursement.
31.    However, soon after entering into the Clarification Agreement, defendants disclaimed any obligation to comply with its terms, contending that the Agreement was not enforceable for want of consideration. In fact, the Clarification Agreement was supported by ample consideration, including, among others, FSB's (1) issuance of a $2,000,000 line of credit to Larasco, and (2) agreement to increase the value assigned to goodwill under the Asset Purchase Agreement, which was a benefit that defendants had requested.
32.    On November 19, 2008, FSB relieved defendants Louis Secord and Richard Secord of all responsibilities for operating FSB's Puget Sound Leasing Division. On January 12, 2009, Louis Secord resigned from the FSB Board of Directors.”

Leasing News is attempting to obtain a statement from the defendants, Louis, Jr. and Richard Secord.

There is another case pending filed in King County Superior Court regarding Larasco and claims against leases and residuals at 12 other banks that also relates to this complaint.

Full copy of January 14, 2009 complaint:

January 7, 2009 “inside story:”
Will Puget Sound Leasing Survive?
by Christopher Menkin

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



Classified ads— Web Sites

Leasing Industry Outsourcing
(Providing Services and Products)

Web Design & Marketing
Why spend your time and money teaching some marketing firm how the leasing industry works? Leasing websites, secure applications & marketing. DFCO, LLC
Dana Freeman

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:



News Briefs----

Over 8 in 10 corporations have tax havens

Carlyle, TPG, KKR Bid for AIG Aircraft-Leasing Unit

RBS expects full-year loss up to $41.3 billion

Not everyone can refinance to cut mortgage payments

Banks Foreclose on Builders with Perfect Records

'N.Y. Times' parent gets $250M from Mexican billionaire



You May have Missed---

About to become extinct



Top Stories

These are the ten top stories chosen by readers as being the most read from the previous week:

Top Stories Archive:



Sports Briefs----

McGahee after hit: 'I'm all right',0,992649.story

Sources: Dallas Cowboys often tardy, undisciplined in '08

Wake Forest jumps Duke for No. 1 spot in coaches' Top 25



“Gimme that Wine”

Wine industry excited by Obama

US could be world's No. 1 wine drinker

Silver Oak celebrates Oakville winery opening

Women & Wine Surveys Wine Lovers on Buying Wine in Restaurants Provides Details to Industry Already Impacted By the Economy

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

1870-Hiram Rhodes Revels elected U.S. Senator from Mississippi, becoming the first Black US Senator in US history. Ancestry was Black. American Indian. Lumbee Indian . Republican. Member of Mississippi state senate , 1870; U.S. Senator from Mississippi , 1870-71; secretary of state of Mississippi , 1873 Died while attending a church conference , in Aberdeen, Monroe County , Miss., January 16 , 190 1. Polite and unassuming, Revels was a national sensation and honored guest at lavish Washington receptions. When he presented his credentials on Feb. 23, Senate galleries were packed. To Republicans, he was living proof the war had advanced civil rights. The portly Revels was seated by a convincing 48-8 vote. On Feb. 25 at 4:40 p.m., he officially became the first black man to serve in either the Senate or the House of Representatives. Sen. Revels' dignified congressional service ended in March 1871. Returning to Mississippi, he co-founded "Revels University" for African-American students, became its first president and then crusaded to change the school name to "Alcorn University" to honor the white governor who supported his efforts. He also taught at Shaw University and was elected Mississippi secretary of state. To obtain election, politics would change and a deal was made with southern Democrats, and reconstruction would end. It would not be until November 8, 1966 that another black would be elected to the US Senate; Edward W. Brooke of Massachusetts.


This Day in American History


    1778 - Captain James Cook discovered Hawaii when he landed first at Waimea on Kauai Island. A graffiti marked plaque honors the spot, although the town has a statute of the famed explored, evidently not liked to this day by the islanders.
    1781 – In Pompton , New Jersey, troops mutiny. They are suppressed on January 27 by General Robert Howe’s 600-man force sent by Washington. Two leaders of the mutiny are executed.
    1783 - The fighting of the Revolutionary War ended. Britain signed peace agreements with France and Spain, who allied against it in the American War of Independence. The peace agreement between the US and England will not go into effect until England and France reach a settlement.
    1801-John Marshall was appointed the fourth chief justice of the US Supreme Court.
    1806 – Birthday of writer/editor Nathaniel P. Willis, who founds the "American Monthly Magazine" in 1831, born Portland, Maryland.
    1847-Birthday of Rev. W.R. Pettiford, founder of the Alabama Penny Savings Bank and the Alabama Publishing Company.310 18th Street North, Birmingham,Al. Now the Pythian Building, the Alabama Penny Savings Bank was Alabama's first black-owned bank and the first of three banks in the nation owned and operated by African-Americans in the early 1900s.
    1870-Hiram Rhodes Revels elected U.S. Senator from Mississippi, becoming the first Black US Senator in US history. Ancestry was Black . American Indian . Lumbee Indian . Republican. Member of Mississippi state senate , 1870; U.S. Senator from Mississippi , 1870-71; secretary of state of Mississippi , 1873 Died while attending a church conference , in Aberdeen, Monroe County , Miss., January 16 , 190 1. Polite and unassuming, Revels was a national sensation and honored guest at lavish Washington receptions. When he presented his credentials on Feb. 23, Senate galleries were packed. To Republicans, he was living proof the war had advanced civil rights. The portly Revels was seated by a convincing 48-8 vote. On Feb. 25 at 4:40 p.m., he officially became the first black man to serve in either the Senate or the House of Representatives. Sen. Revels' dignified congressional service ended in March 1871. Returning to Mississippi, he co-founded "Revels University" for African-American students, became its first president and then crusaded to change the school name to "Alcorn University" to honor the white governor who supported his efforts. He also taught at Shaw University and was elected Mississippi secretary of state. To obtain election, politics would change and a deal was made with southern Democrats, and reconstruction would end. It would not be until November 8, 1966 that another black would be elected to the US Senate; Edward W. Brooke of Massachusetts.

January 20th
    1872- Birthday of Julia Morgan, American architect.
*first woman student University of California at Berkeley college of engineering,
*first woman admitted and first woman graduate of the architectural section of the cole des Beaux-Arts of Paris,
*first woman to get an architectural license in California.
Ms. Morgan had a very successful architectural firm that built a number of landmarks in California and became the favorite architect of Phoebe Apperson Hearst. She designed more than 800 buildings but is best known for William Randolph Hearst's San Simeon complex, which took 21 years to complete. At her peak she employed 35 architects in a learning atmosphere. She a plane with a full-time pilot to take her to various construction sites during her 40-year career. Even though Hearst's La Casa Grande is one of the most lavish private residences in the world, JM was noted for designing fine buildings with beautiful interiors on limited budgets. Her genius is particularly prominent in San Francisco and the Bay area because she'd opened her office in SF just prior to the 1906 earthquake.

    1879 –Birthday of great American modernist dancer Ruth St. Denis ,born Englewood, New Jersey. “The dance is the rhythmic articulation of the soul.”
— Ruth St. Denis

    1885 – La Marcus Thompson of Coney Island, New York patented the roller coaster. His coaster was 450 feet long, with a highest drop of 30 feet.

    1891 – Under the direction of Dr. James Naismith, the first basketball game was played at the International YMCA in Springfield, MA. Peach baskets with the bottoms still in them were used as the goals. It wasn't until 1905 that someone had the bright idea to remove the baskets' bottoms, thereby eliminating a climb up a ladder after every goal.
    1894-Birthday of American composer Walter Piston, Rockland, Maine
    1894-Birthday of Harold Lincoln Gray, the creator of Little Orphan Annie, born at Kankakee, IL. The comic strip featuring the 12-year-old Annie, her dog Sandy and her mentor and guardian Oliver “Daddy” Warbucks began appearing in the Chicago Tribune in 1924. While controversial for it strong conservative views, the strip was highly popular for it stories demonstrating the values of perseverance, independence and courage. Gray created the strip for 44 years until his death May 9, 1968 at La Jolla, CA, at age 74.
    1896-Birthday of George Burns, comedian, born at New York City. He began in vaudeville without much success until he teamed up with Gracie Allen, who became this wife. As Burns and Allen, the two had a long career on radio, in film and with their hit TV Show, “The George Burns and Gracie Allen Show.” Later he played the role of Rod and the Devil in the “Oh, God!” movies. He lived to be 100 and died March 9, 1996, at Los Angeles, CA.
    1899 – The Philippine Commission is appointed by President McKinley. It is headed by Jacob G. Schurman who will suggest US rule of the islands until the Philippinos are ready for self-government. The move will prevent annexation by Germany which has moved its navy nearby. It will also make the US a major power in the Pacific, brining it into conflict with Japan.
    1903 - Theodore Roosevelt issues Executive Order placing Midway Islands under jurisdiction of the Navy Department. The Midway Islands consist of a circular atoll, 6 miles in diameter, enclosing two islands. Lying about 1,150 miles west-northwest of Hawaii, the islands were first explored by Captain N. C. Brooks on July 5, 1859, in the name of the United States. The atoll was formally declared a U.S. possession in 1867, and in 1903 Theodore Roosevelt made it a naval reservation. The island was renamed “Midway” by the U.S. Navy in recognition of its geographic location on the route between California and Japan. Air traffic across the Pacific increased the island's importance in the mid-1930s; the San Francisco–Manila mail route included a regular stop on Midway. Its military importance was soon recognized, and the navy began building an air and submarine base there in 1940.
    1910--Birthday of Joy Friederike Victoria Adamson, conservationist and writer best known for her Born Free series on lions which tracked the life of Elsa and her cubs. It was made into a highly popular movie. Adamson founded the Elsa Wild Animal Appeal (1961). Ironically, the two most noted conservationists in Africa of their generation were murdered there: Joy Adamson at the game reserve in Kenya in 1980 and Dian Fosse in Rwanda in 1985.
    1920 -- American Civil Liberties Union founded.
    1920-Birthday of harmonica player Gene Dennis, Mt. Pleasant, TN
    1922-Birthday of singer Connie Haines, born Savannah, GA.
    1922-Birthday of trumpeter Ray Anthony, born Bentleyville, GA.,,397923,00.html?

    1924-Birthday of Otis Dewey “Slim” Whitman, first country singer to perform at the London Palladium, born Tampa, Fl. 1929 - The movie, "In Old Arizona", the first full-length talking picture filmed outside, was released. The outdoor scenes were filmed in Utah and California.

    1925 -- Miriam "Ma" Ferguson inaugurated as Texas' first woman governor. Her husband "Pa" Ferguson had been governor in the previous decade but was impeached. When Ma ran in 1924, the slogan was "two governors for the price of one."

    1926---Birthday of Patricia Neal, actor, won Academy Award for her work in Hud (1963) and nominated in 1968. She won Broadway's Tony award as Regina in Another Part of the Forest (1947.) Suffered a stroke and her rehabilitation was an inspiration to millions.
    1929-Birthday of drummer Jimmy Cobb, Washington, DC
    1931-Brithday of organ player Earl Grant, Oklahoma City, OK “Ebb Tide” was a big hit in 1961.

    1937 - Franklin Delano Roosevelt became the first President of the United States inaugurated on January 20th. The 20th Amendment to the United States Constitution officially set the date for the swearing in the President and Vice President. In 1933, the amendment was ratified by Congress. On November 3,1936 he was reelected president of the United States in a Democratic landslide that carried every state except Maine and Vermont. John Nance Garner was elected vice president. Congress became more than three-quarters Democratic in both houses. The electoral vote was Roosevelt, 523; Govern Alfred M. Landon of Kansas, 8. The popular vote was Roosevelt, 27,751,612; Landon, 16,687,933. Lemke, Union Party, 891,858; Thomas, Socialist, 187,342; Brosder, Communist, 80,181:, Dr. Colvin, Prohibition, 37,609; Aiken Socialist Labor, 12,729. The campaign was bitter. About 80% of the press opposed Roosevelt. In congressional elections the Democrats gained seven Senate seats, for a 76-16 majority, with four seats going to minor parties. In the House, their majority was 331-9, with 13 seats going to the minor parties. It was also t he wettest Inaugural Day of record with 1.77 inches of rain in 24 hours. Temperatures were only in the 30s as Franklin D. Roosevelt was sworn in for his second term.
    1942 - On Columbia Records, Harry Babbitt sang with Kay Kyser and his orchestra on, "Who Wouldn't Love You". The record was a hit for Kyser
    1945 - Franklin Delano Roosevelt was inaugurated to his record fourth term in office as president of the United States. He was the only one to win a fourth term, November 7, 1944. Harry S. Truman was elected vice-president. The electoral vote was Roosevelt, 432; Governor Thomas E. Dewey, Republican, 99. The popular vote was Roosevelt, 25,602,504, Dewey, 22,006,285. In congressional elections the Democrats lost two Senate seats, but held a 56-38 majority. In the House, they gained 24 seats for a 242-190 lead, with two seats held by minor parties.
    1948---Top Hits
Ballerina - Vaughn Monroe
How Soon - Jack Owens
Golden Earrings - Peggy Lee
I'll Hold You in My Heart (Till I Can Hold You in My Arms) - Eddy Arnold
    1953 - For the first time, a television show from the United States was transmitted to Canada. The historic show was the CBS Television production of "Studio One", transmitted to CBLT-TV in Canada.
    1954 -70ºF (-57ºC), Rogers Pass, Montana (state 48 record)
    1954 - Radio's National Negro Network was formed, with nearly 40 radio stations taking charter membership positions. Its most notable program was "The Story of Ruby Valentine", a continuation of the CBS soap "We Love and Learn". The program starred Juanita Hall (fresh from her success as Bloody Mary in "South Pacific") and was apparently sponsored by Wrigley's Gum. The network flourished in the mid 50s and may have had a number of major national sponsors.
    1954 - The temperature at Rogers Pass, MT, plunged to 70 degrees below zero to establish a new record for the continental U.S
    1956---Top Hits
Memories are Made of This - Dean Martin
Band of Gold - Don Cherry
Rock and Roll Waltz - Kay Starr
Sixteen Tons - Tennessee Ernie Ford
    1957-- Ricky Nelson's album Ricky hits #1
    1958 - The early rock 'n' roll classic, "Get a Job" by the Silhouettes was released.
    1958 - Elvis Presley was ordered by the draft board in Memphis, Tennessee to report for duty. He was allowed a 60-day deferment to finish the film "King Creole".
    1961-John F. Kennedy was inaugurated president of the United States. A Democrat and the 35 th president, Kennedy was assassinated on Nov. 22,1963. “And so, my fellow Americans: ask not what your country can do for you—ask what you can do for your country. My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man. “
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    1964 - The Beatles second album, Meet the Beatles, was released in the United States. It was the British group's U.S. debut LP. It rose to Number 1 on the LP pop chart, and remained in the top spot for 11 weeks.
    1964---Top Hits
There! I've Said It Again - Bobby Vinton
Forget Him - Bobby Rydell
Surfin' Bird - The Trashmen
Love's Gonna Live Here - Buck Owens
    1965 - The first disk jockey to program black music for white audiences, Alan Freed, the ‘Father of Rock 'n' Roll', died of uremia in a hospital in Palm Springs, California. He was only 42 and a borderline alcoholic - a broken man because of his involvement in the payola scandals. In the 1950s, Freed, ‘Moon Doggy', at WJW Radio in Cleveland, coined the phrase, "rock 'n' roll,”" before moving to New York's WABC. He was fired from WIN December 1962, Freed was fined $300 and given a suspended sentence on two counts of commercial bribery - accepting money for playing records. Three years earlier, he was the top disc jockey in the US on New York station WABC, which fired him when he refused to sign a statement saying he had accepted bribes. ABC for allegedly accepting payola aka being paid to play records by artists and record companies. The congressional investigation from 1959 to 1960 into payola made Freed the scapegoat for a wide spread practice. Freed died almost penniless after the scandal was exposed. Alan Freed was said to have coined the term rock 'n' roll from the words to Bill Haley's 1952 recording of "Rock A'Beatin' Boogie."  .
    1965-The Rolling Stones and the Kinks make their first appearance on ABC-TV's "Shindig!" Also appearing are the Dave Clark Five, Petula Clark, Bobby Vee, Bobby Sherman and Gerry & the Pacemakers.
    1966-- Promoter Bill Graham holds a three-day "Trips Festival" at Longshoremen's Hall in San Francisco, CA, featuring Ken Kesey and the Merry Pranksters, the Grateful Dead, and Big Brother and the Holding Company.
    1968- Bob Dylan and the Band horrified folk music purists by playing electric instruments at a Tribute to Woody Guthrie concert at New York's Carnegie Hall. The concert, one of a series organized by Pete Seeger, also featured Joan Baez and Peter, Paul and Mary. Guthrie, a folk music pioneer, had died the previous October.
    1972---Top Hits
American Pie - Don McLean
Let's Stay Together - Al Green
Sunshine - Jonathan Edwards
Carolyn - Merle Haggard
    1973 - Richard M. Nixon was sworn in as president for a second term; during the Watergate scandal, he became the first president to resign from office. On Nov. 7, he was reelected president of the United States in the greatest Republican landslide in history. Spiro T. Agnew was reelected vice-president. The electoral vote was Nixon, 521; Sen. George S. McGovern, Democrat, 17. The popular vote was Nixon, 45,767,218; McGovern 28,257,668. The Democrats picked up two Senate seats for a 57-43 majority. The Republicans gained 13 seats in the House, but the Democrats still led 255-179, with one seat going to an independent.
    1973-Jerry Lee Lewis makes his debut at the Grand Ole Opry. Opry officials allowed him to perform only if he agreed to keep his music to country and abstain from using obscenities. Things start well but by the end of the half-hour set, Lewis has played "Great Balls of Fire," "Whole Lotta Shakin' Goin' On" and Good Golly Miss Molly." He also proclaimed, "I am the rock & rollin', country & western, rhythm & blues singin' motherf***er."
    1974 - Johnny Miller, won the Tucson Open Golf Tournament, becoming the first pro golfer to win four major tournaments consecutively.
    1977-Here is some trivia as the first president to take oath of office using a nickname was Jimmy Carter, who was worn into office in Washington, DC this day by Chief Justice Warren E.l Burger. Instead of his formal name, James Earl Carter, Jr., he used his nickname, Jimmy. ON November 2, 1976 he was elected president along with Walter F. Mondale as vice-president. The electoral vote was Carter, 297; President Ford, 240. The popular vote was Carter, 40,828,929; Ford, 39,148,940. In congressional elections the Democrats kept a 2-1 Senate majority, 64-38, with one seat going to an independent, and a House majority of 292-143. In the fist months of President Carter's administration, most Vietnam-era draft resisters were pardoned, the planned pullout of US forces from South Korea was announced, and while he had a full agenda, it was setback when Congress challenged the financial dealings of Bert Lance, director of the Office of Management and Budget, and opposed passage of Carter's energy conservation Program. Vernon Jordan of the National Urban League charged the administration with not doing enough to reduce unemployment among blacks.
    1978 - Fred Silverman quit his job as ABC-TV's head of programming to take a position as president of NBC. For ABC, Silverman developed shows like "Happy Days", "Laverne and Shirley", "Charlie's Angels" and "Three's Company", earning the network its highest ratings ever. His talents didn't work out as well at NBC where he backed the most expensive television bomb in history: "Super Train", starring Steve Lawrence. Grant Tinker shortly after replaced Silverman, taking the Peacock Network to number one in just a few years. Silverman would go on to become a top Hollywood independent producers.
    1978 - A paralyzing "Nor'easter" produced a record 21 inches of snow at Boston, 15 to 20 inches in Rhode Island, and one to two feet of snow in Pennsylvania. Winds along the coast of Connecticut gusted to 70 mph.
    1980 -Super Bowl XIV Pittsburgh Steelers beat Los Angeles Rams, 31-19 in Pasadena; Super Bowl MVP Terry Bradshaw, Pittsburgh, Quarterback
    1980---Top Hits
Rock with You - Michael Jackson
Do that to Me One More Time - The Captain & Tennille
Cruisin' - Smokey Robinson
Coward of the County - Kenny Rogers
    1980-President Jimmy Carter announced that the US Olympic Team would not compete in the 1980 Summer Games in Moscow as a protest against the Soviet Union's military intervention in Afghanistan in December, 1979.
    1981 - Ronald Reagan became president of the United States at the age of 69 and 349 days, the oldest president to take office. He carried 44 states in the November 4, 1980 election. The electoral vote was Reagan, 489; Pres. Jimmy Carter, 49. The popular vote was Reagan, 42,797,153; Carter, 34,434,100. John Anderson, independent candidate, 5,533,927. In congressional elections, the Republicans picked up 12 Senate seats for a 53-46 majority, with one independent seat. In the House, the Democrats lost 33 seats but kept a majority of 242-192, with one seat going to an independent.
    1981 - 52 American hostages seized in their embassy in Tehran were released after 444 days in captivity.
    1982- singer Ozzy Osborne was taken to hospital after biting the head off a dead bat during a concert in Des Moines, Iowa. Ozborne threw the remains of the bat into the audience. He had to endure a series of rabies shots and their effects caused him to collapse on stage the following week
    1982-The Chicago Bears named former tight end Mike Ditka head coach. In 11 seasons, Ditka won the 106 regular-season games and led the Bears to victory in Super Bowl XX.
    1982—Camcorder developed: Five companies ( Hitachi, JVC, Phillips, Matsushita and Sony) agreed to cooperate on the construction of a camera with a built-in videocassette recorder.
    1985 - The most watched Super Bowl game in history was seen by an estimated 115.9 million people as Joe Montana and the San Francisco 49'ers downed Dan Marino and the Miami Dolphins 38-16 at Stanford, CA.. The broadcast captured the second largest television audience ever. The only show to have a larger audience, the largest in history, aside from man landing on the moon, was the one for the last episode of M*A*S*H in 1983. Super Bowl XIX was also historic in that is featured the first use of television commercials that sold for a million dollars a minute.
Super Bowl MVP Joe Montana, San Francisco, Quarterback
    1985, Geri B. Larson took charge of the Tahoe National Forest in Nevada City, California, the first woman forest supervisor in the U.S. Forest Service history.
    1986 - Never used, and until then unseen by the public footage from the 1931 horror classic, Frankenstein, was found. The lost scenes showed the monster, played by Boris Karloff, tossing a girl into a lake and at one point having a hypodermic needle in the monster's arm. Considered too shocking for the 1930's audience, the scenes were cut. Since then, they have been put back into the film and re-released to the public.
    1987 - Terry Waite, the Archbishop of Canterbury's special envoy in Lebanon, was kidnapped. He was not released until November 1991.
    1988--The Beach Boys, the Beatles, the Drifters, Bob Dylan, Berry Gordy, Jr., Woody Guthrie, Leadbelly, Les Paul and the Supremes are inducted into the Rock and Roll Hall of Fame during ceremonies at New York's Waldorf Astoria. During the Beach Boys acceptance speech, vocalist Mike Love insulted just about everybody in the music business, including Paul McCartney, Diana Ross, Bruce Springsteen and Mick Jagger.
    1988---Top Hits
Got My Mind Set on You - George Harrison
The Way You Make Me Feel - Michael Jackson
Need You Tonight - INXS
One Friend - Dan Seals
    1989 - The temperature in the Washington D.C. area warmed into the lower 50s for the Presidential Inauguration during the late morning hours, before gusty northwest winds ushered in colder air that afternoon
    1990 - While heavy thunderstorm rains drenched the Central Gulf Coast States, with 4.23 inches reported at Centreville AL in 24 hours, unseasonably warm weather continued across Florida. Five cities in Florida reported record high temperatures for the date. Tampa FL equaled their record high for January of 85 degrees
    1991-The Buffalo Bills won the first of their record four consecutive AFC titles by overwhelming the Los Angeles Raiders, 51-3. Buffalo went on to lose Super Bowl XXV to the New York Giants, 20-19.
    1993- President Bill Clinton picked up his saxophone to jam with the likes of Ben E. King, Clarence Clemons, Herbie Hancock, Dionne Warwick and Chuck Berry at several of the dozen balls honoring his inauguration. Among other headliners at the balls were the original members of Fleetwood Mac, Linda Ronstadt and Paul Simon. Canadians among the entertainers included Celine Dion, who performed at a youth gala, Bruce Cockburn, Ronnie Hawkins and k.d. lang, who was a star attraction at an unofficial ball put on by People for the Ethical Treatment of Animals.
    1995- Bonnie Raitt raised $80,000 at a New York City benefit for her project to provide guitar lessons for girls. Fender guitars later announced the launching of the Bonnie Raitt Signature Stratocaster, the first Fender named after a woman. Raitt donated all her royalties from the line to her project and Fender said it would provide free guitars.
    1996- Madonna arrived in Buenos Aires to begin filming the movie version of "Evita," the musical about Eva Peron. Nationalist hardliners in the ruling Peronist Party were openly hostile to the idea of Madonna playing the former Argentine first lady. There were reports that security around the star had been beefed up.
    1997- Comet Hale-Bopp crosses Mars' orbit

Super Bowl Champions This Date

    1980 Pittsburgh Steelers
    1985 San Francisco 49ers




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