Leasing News

“Thank you for the free job wanted posting. It attracted a number of inquiries and requests for my resume. I have accepted a position with Liberty Financial Group, an independent leasing company in the Philadelphia area.

“I'm excited to start my new job on July 14th. In the final analysis, networking was the key to my successful job search and I was fortunate to have a number of offers (3) from which to make a choice.

“ Your newsletter is an invaluable resource to the leasing community.

Keep up the good work and, once again, thank you for your assistance in helping me find a new position.”

Yours truly,

Bob Bruck

Leasit@aol.com

Three Current Sales Manager Job Wanted

Sales Manager: Atlanta, GA

30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth. Email:pml@mindspring.com

Sales Manager: New York, NY

I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc.. Email:rfleisher@rsrcapital.com

Sales Manager: Portland, OR. 18+ yrs w/bank leasing company. Supervised 14- 20 sales people. Willing to relocate for the proper position. Or, seeking sales position in current location (13+yrs direct sales). email:pthygeson@netscape.netpthygeson@netscape.net

58 Job Wanted Ads located here:

http://65.209.205.32/LeasingNews/JobPostings.htm

To post a “free” job wanted, if you are seeking employment, please go to:

http://65.209.205.32/LeasingNews/PostingForm.asp

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FBI Arrests the Drayers

(Part I----if you missed the series last week)

http://www.leasingnews.org/Conscious-Top%20Stories/moneyandrun1.htm

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This Week's Economic Events

July 14

MONDAY

July 15

TUESDAY

Retail Sales: June

July 16

WEDNESDAY

Consumer Price Index: June

Inventory-Sales Ratio: May

Industrial Production: June

Capacity Utilization: June

July 17

THURSDAY

Housing Construction: June

Weekly Jobless Claims

July 18

FRIDAY

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Paul Menzel looks to Double Biz by End of Year ---

as Jim Merrilees Joins Santa Barbara Bank & Trust-Vinsonhaler promoted to VP/Project Manager/Laura Poore joins in marketing.

“We are very excited to have Jim Merrilees and Laura Poore join our leasing group,” Menzel declared. “ Along with Steve Reid, I feel we have our own dream team to represent lessors and brokers with our funding programs. Also, Devon Vinsonhaler has been promoted to VP - Project Manager and is working to soon automate our credit operations so we can provide faster turnaround time.

“Santa Barbara Bank and Trust has aggressive goals to grow its leasing portfolio and we are positioning ourselves to be the funder of choice as our economy emerges over the next six months. “

Fall, 2000
Paul Menzel, Senior Vice-President; Devon Vinsonhaler, Regional Marketing Representative; and Steve Reid, Assistant Vice-President,

Santa Barbara Bank & Trust.

The press release stated:

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

The Leasing department of Santa Barbara Bank & Trust, a division of Pacific Capital Bancorp (NASDAQ: PCBC) is pleased to make the following announcements.

Devon Vinsonhaler has been promoted to Vice President and Project Manager for the bank-wide automated lending platform. The new automated capability will initially be implemented for the indirect leasing operation later in 2003.

Jim Merrilees, CLP has joined the Leasing Division as Vice President. Laura Poore has also joined the Leasing Division as Marketing Representative. The division specializes in small-ticket leasing transactions originated through equipment leasing companies and brokers nationwide. Mr. Merrilees has thirty years of professional experience in the commercial leasing industry. He has been a board member of Eastern Association of

Equipment Lessors, president on the United Association of Equipment Leaisng, and is currently a board member of Equipment Leaisng Association, also serving on

the Certified Leasing Professional Foundation

Ms. Poore has represented funding sources in the leasing industry for the past eight years.

Laura and Jim will team with Steve Reid, Vice President, in the growth and expansion of the bank’s lease funding programs. Mr. Merrilees and Ms. Poore have established an office in Portland, Oregon.

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

In an exclusive interview, Paul Menzel, CLP, who is head of the department, among other titles*, as he also is responsible for a $200M Auto line, plus also bank “assignments,” told Leasing News the move is “ to double our business by the end of the year.”

“Yes, we want more business, “ he said, “ We want to grow. Our problem is our turn around time. Right now I am lining everything up for when our Experian project comes fully on board, where it can process, price, and predict in a responsible manner...

“Jim fits our position to expand our business, plus get involved in portfolio acquisitions. Companies that are warehousing leases and selling them off in bulk with good credit scoring is our marketplace.

“As we start this turn around, buying portfolio’s will take the pressure off the turn

around process here. We had a misstep with ARM**, but learned a few things...I

can’t say enough about Experian, the professionalism, and the product itself.

These are great people to work with.

“Merrilees is with us at the right time and the right place...The key is your source of funds; that you are hooked up to the right horse. Management of the bank has sensible expectations. It has been the expectations and demands of other leasing management that has led to may leasing company’s demise. We have the right horse here.

“We also have stability, people who work well with each other, work with each other.”

It is expected Merrilees and Poole will remain in Oregon, with perhaps monthly visits to Santa Barbara, Menzel explained.***

1993

Jim Merrilees, president,

Colonial Pacific Leasing Corp.

Tualatin, Oregon

*Paul J. Menzel, CLP, is the Senior Vice President and

General Manager of Santa Barbara Bank and Trust’s Leasing Division. Paul has been in the commercial equipment leasing industry, managing the same portfolio, for over 27 years and arranged the acquisition of the Leasing Division by SBB&T in 1996. Paul is a part board member of the Equipment Leasing Association (ELA,) presently Chairs its Small-Ticket Business Council and was formerly Chairman of the Fair Business Practices Committee. He has also served as a board member of the United Association of Equipment Leasing (UAEL). He graduated form UC Berkeley and holds an MBA in Management. Paul residents with his family in Santa Barbara, CA.

** We asked Mr. Menzel if his comments on ARM was for “our readers,”

and he stated he “meant it” for those who read Leasing News.

** Mr. Merrilees and Ms. Poore have established an office in Portland, Oregon and can be reached today at (503) 684-0506 or (888) 684-0506. Steve Reid maintains an office in Orange, California and can be reached at (800) 700-9858. (The telephones were

not working at press time.)

[Headlines]

Debole Named VP American Bank Leasing

Ronald Debole Named VP American Bank Leasing Division, Maryland region.

American Bank is headquartered in Silver Spring Maryland with the leasing division headed by Chuck Ledford, a veteran of the leasing business, in Charlotte NC.

My position as VP Leasing Div is headquartered in the bank H.O. in Silver Spring MD.

American Bank Leasing is a regional bank leasing company dealing with brokers in the mid Atlantic area. We are balance sheet lenders and have very competitive rates for our niche client.

I hope to hear from some of your many readers, thanks again for the daily info keep up the good work

Ronald Debole

Vice President

American Bank Leasing Division

12211 Plum Orchard Drive Suite 300

Silver Spring MD 20904-7803

DC Office 301-572-3740

Balto Office 410-248-1137

Fax 410-248-1135

Cell 410-599-6005

[Headlines]

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Nine Become Certified Leasing Professionals

The CLP Foundation is very pleased to extend congratulations the following individuals with California First leasing Corporation who have recently passed the CLP Exam and received their Certified Lease Professional designation:

Lewis F. Beaty, CLP

Michael E. Gunning, CLP

J. Mark Helm, CLP

Darren S. Higuchi, CLP

Larry Lutsky, CLP

David A. Sedgwick, CLP

Joseph A. Vieson, CLP

Robert A. Weiner, CLP

Rick D. Williams, CLP

We also extend our congratulations to Philip S. Donabed, CLP who has also received his Certified Lease Professional designation.

This new group of CLP's brings the total number of Certified Lease Professionals to 246.

---------

The CLP Foundation is the official governing body for the Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism in the leasing industry. This designation identifies and recognizes individuals within the leasing industry who have demonstrated their competency through continued education, testing and conduct. The letters "CLP" behind their name represent a visible recognition of this professional achievement and status.

We invite you to visit our website -- www.clpfoundation.org for detailed information about the CLP Foundation and the CLP Program. For further information about our Mentor Program and Anonymous Test Taker Program please contact:

Cynthia Spurdle, Executive Director

CLP Foundation

PH: 610/687-0213

FAX: 610/687-4111

Email: cindy@clpfo

Cynthia Spurdle

Executive Director

CLP Foundation

PH: 610/687-0213

FAX: 610/687-4111

www.clpfoundation.org

Email: cindy@clpfoundation.org

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Cartoon---

http://two.leasingnews.org/cartoons/PAT.jpg

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Twins Tumble Capital Stream

by Kit Menkin

Twins Engineering currently owns, has entered into conditional purchase agreements or has received irrevocable undertakings to accept, or procure the acceptance of, the Offer in respect of, in aggregate, 23,105,849 IDS Shares, representing approximately 40.63 per cent. of the issued IDS Shares.

The Increased Offer will value the entire issued and to be issued share

capital of IDS at approximately £15.4 million.

15,400,000.00 GBP United Kingdom Pounds

25,166,776.19 USD United States Dollars

On 9 July 2003, being the last business day prior to the date of this

announcement, Twins owned 11,576,382 IDS Shares, representing approximately

20.36 per cent. of the issued IDS Shares.

On 10 July 2003, Twins received irrevocable undertakings to accept, or

procure the acceptance of, the Increased Offer from John Borchers, Sarah

Borchers and Oldwoods Farm Limited Partnership, acting through Richard

Borchers as General Partner, in respect of, in aggregate, 6,097,048 IDS

Shares representing approximately 10.72 per cent. of the issued IDS Shares.

Twins has also entered into conditional purchase agreements in respect of,

in aggregate, up to 5,276,756 IDS Shares, representing approximately 9.28

per cent. of the issued IDS Shares, conditional only on the announcement of

this Increased Offer.

Accordingly, Twins currently owns, has entered into conditional purchase

agreements or has received irrevocable undertakings to accept, or procure

the acceptance of, the Offer in respect of, in aggregate, 23,105,849 IDS

Shares, representing approximately 40.63 per cent. of the issued IDS Shares.

I take that to mean they own 29.46% but controls 40.63%

Here is the public announcement on the London Stock Exchange:

3. Background to the Increased Offer

On 30 May 2003, Deloitte & Touche Corporate Finance publicly announced the Capital Stream Minnesota Offer on behalf of Capital Stream of 19 pence for each IDS Share, which was unanimously recommended by the Independent Directors.

On 26 June 2003, the Independent Directors of IDS withdrew their recommendation of the Capital Stream Minnesota Offer so as to be able to recommend the Original Offer by Twins of 23 pence for each IDS Share, announced on 26 June 2003.

On 4 July 2003, Capital Stream announced a cash offer of 24 pence for each IDS Share.

In response to this announcement by Capital Stream, the board of Twins has decided to increase its cash offer to 27 pence for each IDS Share.

4. Level of acceptances, irrevocable undertakings and existing holdings

As at 3.00 p.m. (London time) and 10.00 a.m. (New York City time) on 9 July 2003, being the last business day prior to the date of this announcement, valid acceptances of the Original Offer had been received in respect of, in aggregate, 6,663 IDS Shares, representing approximately 0.01 per cent. of the issued IDS Shares.

Prior to the announcement of the Original Offer on 26 June 2003, Twins received irrevocable undertakings to accept, or procure the acceptance of, the Original Offer from James Horstmann and James Meinen in respect of, in aggregate, 149,000 IDS Shares representing approximately 0.26 per cent. of the issued IDS Shares.

On 9 July 2003, being the last business day prior to the date of this announcement, Twins owned 11,576,382 IDS Shares, representing approximately 20.36 per cent. of the issued IDS Shares.

On 10 July 2003, Twins received irrevocable undertakings to accept, or procure the acceptance of, the Increased Offer from John Borchers, Sarah Borchers and Oldwoods Farm Limited Partnership, acting through Richard Borchers as General Partner, in respect of, in aggregate, 6,097,048 IDS Shares representing approximately 10.72 per cent. of the issued IDS Shares.

Twins has also entered into conditional purchase agreements in respect of, in aggregate, up to 5,276,756 IDS Shares, representing approximately 9.28 per cent. of the issued IDS Shares, conditional only on the announcement of this Increased Offer.

Accordingly, Twins currently owns, has entered into conditional purchase agreements or has received irrevocable undertakings to accept, or procure the acceptance of, the Offer in respect of, in aggregate, 23,105,849 IDS Shares, representing approximately 40.63 per cent. of the issued IDS Shares.

July 11, Robert Baird “disposed” of 4.48% to the IDS Group. Looks

like Summit is getting out of the bidding process. Looks like the Twins

Engineering is sewing this up, and any lawsuit in the United States

will grow old before the fact, if it really was not just posturing.

Customers of Decision Systems must be heartened by the desire

of management of their product and services. Perhaps all of

this is a sign from the accounting software side that equipment

leasing is on its way back. Hooray!!!!

For the latest news from the London Stock Exchange, please go here:

http://www.londonstockexchange.com/rns/search_results.asp?DoAction

=companysearch&CompanyList=2602&OneCompanyName=IDS+Group+

PLC&AnnouncementOrder=&SearchKeywordText=&SearchKeywordScope=

&SearchFTSEIndex=&ResultsPage=&txtSearchCompanyText=IDS&txtSearch

KeywordText=&ControlTab=rns&SearchEndDate=14%2F7%2F2003&cbo

SearchPeriod=2&cboSearchStartDay=14&cboSearchStartMonth=6&cbo

SearchStartYear=2003&cboSearchEndDay=14&cboSearchEndMonth=7&

cboSearchEndYear=2003&SearchCount=38&SearchCompanyText=IDS&

CheckAll=&ScrollPosition=&SearchHeadlineType=&ProfileHeadlinesSelected

=&ProfileCompaniesSelected=&SearchIndex=1&SearchIndustrySector=&

SearchStartDate=14%2F6%2F2003&optSearchKeywordScope=headline

If it does not work, just work your way through the questions to log on at

www.londonstockexchange.com

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Two Version: Free ( text format) $59.95 yr ( html/website) Free 30 Day Trial

This edition is also available in an "up-grade" format, html, where you may

click on the headlines to go to the story, plus is also in this "new" format

posted daily on our website---

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*** announcement *************************************************

Eastern Association of Equipment Lessors

Meet & Greet Series

New York & Long Island Chapters Host

a Networking Luncheon

Date of the Event: Tuesday, July 22, 2003

Time of the Event: 12:00 - 2:00 pm

Location of Event: Garden City Country Club

206 Stewart Avenue

Garden City, NY

516/746-8070

Host: R. Goeller, Sierra Credit Corp.

Cost: $35 for EAEL Members

$50 for Non-Members

With the funding environment as difficult as it has been for many years, a general discussion is being planned on ways to get more deals done in the current marketplace.

Individual funding sources are being invited to give five minute presentations which, hopefully, will include some novel suggestions to help us obtain more approvals. An open, free flowing discussion is promised!

Please contact Cindy Spurdle @ 610/687-0944 or cspurdle@comcast.net for a Registration Form.

Don't miss this mid-summer event presented by EAEL.

Odds and Ends---Offers

CANADA BOOKS

36 Felix Renaud

Aylmer

J9H 7C1

(819)682-7983

[Headlines]

**** Announcement ************************************************

Classified ads---Leasing Industry Help Wanted

Documentation/Operations-Irvine,CA. Nationwide Funding, LLC,an estab. Chicago based lessor looking for experienced processors to help staff our new Irvine office. Duties include generation of lease documentation, acquiring credit ratings and handling inbound phone calls. Fax resume (949)679-3601

Nationwide Funding is committed to customer service, innovation and leadership. We are a leading provider of equipment financing solutions for businesses nationwide, and the vendors who serve them.

Meridian Finance Group is seeking a customer- oriented credit professional whom we can train to support clients with our international credit/financial services. email: info@meridianfinance.com

About the Company: Meridian provides innovative credit and financial services that enable U.S. exporters to offer competitive terms to their customers in other countries.
Website: www.meridianfinance.com

[Headlines]

Monday---Odds and Ends

from:

Dr. Solomon B. Wakabi

wakabisoug@yahoo.com

Greetings once again and thank you for the good work

you are doing for all of us.

We do have a situation here again in which w wish to

solicit your advice. I t concerns a company called

The Interchange Group (TIG).

This company based in Las Vegas Nevada has promised to

provide a loan of USD 5 million for our project based

here in Uganda. They say they are not Brokers but

direct lenders. Kindly let us know if this is a

genuine company with a good lending background so that

we can go a head and deal with them.

Thanking you in anticipation.

Dr. Solomon B. Wakabi

(There is an Interchange Group that has a web site. It is based in the UK and appears to be involved in management. Perhaps one of our readers has heard of the company. The first thing I ask does their literature show they are a member of a leasing association. You can learn more about them, if they are, plus it gives to me creditability that they are “serious.” Second, do they have

a web site, as that might have information. The third, check out www.bbb.com. click on search for a company: http://search.bbb.org/search.html Then follow

the directions ( basically, you are looking to see if there are any complaints; you are looking for “bad news.”) Fourth, for this amount of money, I would have a service such as Experian business or Dun & Bradstreet run a report. As a non-member, it may cost you over a $100, but that is cheap compared to what you are getting into. Or if you know your banker, ask them to run a report or find out about Interchange Group in Las Vegas, Nevada.

By the way, BBB does have Interchange Group listed. They also joined BBB in

January, 2002. Their website is also listed here: http://www.e-theinterchangegroup.com/ It states they have international offices in: International Offices

(Australia • Bahamas • Bosnia/Herzegovina • Brazil • Canada • China • Croatia • Germany • Hungary • India • Ireland • Jamaica • Korea • Nairobi • New Zealand • Poland • Russia • South Africa • Switzerland • Tunisia • United Kingdom

(The web site says:

:TIG and its affiliates have nearly $3 billion under management with investments in more than 180 companies. In addition to this large capital base, the firm has an experienced professional staff with experience at more than 150 companies.

“With 50 public offerings in the last three years, TIG has a strong record of bringing portfolio companies to the public markets. The firm also provides strategic and financial assistance, and recruitment of key managers and board members from industry.

“• How We Work •

“TIG has a proven methodology for funding projects. Selected opportunities are thoroughly and carefully reviewed, having been screened from hundreds of investment opportunities analyzed regularly. Profiled as an international private investment company, TIG has great confidence in its ability to fulfil funding requirements.

“• Due Diligence •

“Due Diligence entails taking all the "reasonable steps" to ensure that both TIG and the project principals get what they expect "and not a lot of other things that you did not count on or expect". TIG's Due Diligence is the process of examining the financial underpinnings of the project with the goal of understanding the risks associated with the deal.”

http://www.vegasbbb.org/commonreport.html?compid=56738

(I don’t know anything about the company, except what the website says, and there appears to be no complaints listed; however, I would be more comfortable if

they were a member of a United States leasing association.

(If there is a reader who knows about this company, or better yet, has experience

with them, please share the information with all of us. editor

-----------------

CANADIAN SUBSIDY DIRECTORY YEAR 2003 EDITION

Legal Deposit-National Library of Canada

ISBN 2-922870-05-7

The new revised edition of the Canadian Subsidy Directory 2003 is now

available.

The new edition is the most complete and affordable reference for anyone

looking for financial support.

It is deemed to be the perfect tool for new or existing businesses,

individual ventures, foundations and associations.

This Publication contains more than 2000 direct and indirect financial

subsidies, grants and loans offered by government departments and

agencies, foundations, associations and organisations. In this new 2003

edition

all programs are well described.

The Canadian Subsidy Directory is the most comprehensive tool to start up

a business, improve existent activities, set up a business plan, or obtain

assistance from experts in fields such as: Industry, transport,

agriculture, communications, municipal infrastructure, education,

import-export, labor, construction and renovation, the service sector,

hi-tech industries, research and development, joint ventures, arts,

cinema, theatre, music and recording industry, the self employed,

contests, and new talents.

Assistance from and for foundations and associations, guidance to prepare

a business plan, market surveys, computers, and much more!

The Canadian Subsidy Directory is sold $ 69.95, to obtain a copy please

call:

Canada Books, (819)682-7983

Name = al ristuccia

Address = 445 so. figueroa, 3215

City = los angeles

State = ca

Zipcode = 90071

Phone = (213)533-8440

Fax = (213)533-8449

Email = ristuccia@earthlink.net

Comments or Questions= Kit:

----

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News Briefs---

Mission at Gettysburg

http://www.washingtonpost.com/wp-dyn/articles/A51705-2003Jul13.html?nav=hptop_tb

[Headlines]

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Sports Briefs---

Armstrong Takes Tour De France Lead

http://www.nytimes.com/aponline/sports/AP-CYC-Tour-de-France.html

Titans teeter on edge of salary-cap disaster

http://www.jacksonville.com/tu-online/stories/071303/jag_13014030.shtml

[Headlines]

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This Day in American History

1771-Mission San Antonio De Padua founded.

http://www.pelicannetwork.net/mission.san.antonio.htm

1773 The first annual conference of the Methodist Church in America convened at St.George's Church in Philadelphia, PA.

1798—Tax was levied by Congress directly on the states on a direct pro rata tax basis, authority by act of July 14, 1798. It was levied on dwellings, land, and slaves. The amount to be collected was $2 million, which was apportioned to the states in direct ratio to the population.

1862- Florence Bascom birthday - U.S. geologist. FB was the first woman to receive a Ph.D. degree from any U.S. university (John Hopkins) and was instrumental in making Bryn Mawr a major center for geology as its longtime, much revered professor. She was the first woman to be elected a fellow of the Geological Society of America. Her domestic partner Julia Anna Gardner (b. 01-26-1882) was also a geologist who did important work in economic geology and assisted in the strategic planning efforts of WWII.

http://geoclio.st.usm.edu/fbascom.html

http://www.angelfire.com/anime2/100import/bascom.html

http://www.tsha.utexas.edu/handbook/online/articles/view/GG/fga56.html

1864-Confederate General Nathan Bedford Forrest suffers his biggest defeat when Union General Andrew J. Smith routs his force in Tupelo, Mississippi. The battle came just a month after the Battle of Brice's Crossroads, in which Forrest engineered a brilliant victory over a larger Union force from Memphis that was designed to keep him from threatening General William T. Sherman's supply lines in Tennessee. Hoping to neutralize Forrest, Sherman sent Smith's expedition to destroy Forrest and his cavalry. Smith left LaGrange, Tennessee, on June 22 with 14,000 troops. Forrest and his cavalry were part of a 10,000-man force commanded by General Stephen Lee, but Forrest and Lee shared command responsibilities. Forrest's strategy at Tupelo was similar to his tactics at the Battle of West Point, Mississippi, five months earlier. In both battles, Forrest used part of his force to entice the Yankees into a trap. The plan worked well at West Point, but in Tupelo Smith did not take the bait. Instead of driving right at Forrest, Smith dug his troops in around Tupelo. Lee and Forrest were uneasy about attacking the Yankees, but they agreed to try to drive Smith out of Mississippi. The assault began on the morning of July 14. Smith's Union troops were in an ideal position for fending off an attack. The Confederates had to fight uphill across nearly a mile of open terrain. Lee struck one flank and Forrest struck the other. Poor communication ruined the Rebels' coordination, and after three hours they had not breached the Union line. Although Lee was the ranking Confederate, he had offered Forrest command of the battle. Forrest declined, but assigning blame for the defeat is difficult. Union losses stood at 674, while Forrest and Lee lost over 1,300 soldiers.

http://www.civilwarhome.com/natbio.htm

http://ngeorgia.com/people/forrest.html http://www.blueshoenashville.com/history.html

1868 - The tape measure was patented by Alvin J. Fellows of New Haven, Connecticut

1891-African-American John Standard, inventor, receives patent for his improvement on the refrigerator.

http://inventors.about.com/library/inventors/bljohnstandard.htm

1892-- The Baptist Young People's Union held its first national convention in Detroit. The founding of the BYP Union was inspired by the earlier work of Francis E. Clark, a Congregational pastor who founded the first 'modern' youth fellowship in 1881.

1912-Birthday of Woodrow Wilson “ Woody” Guthrie, American folksinger, song writer (“This Land is Your Land,” “Union Maid, “ “Hard Traveling,”) born at Okemah, OK. Traveled the country by freight train singing and listening. Died Oct. 3, 1967 at New York, NY. Father of singer Arlo Guthrie.

1913-Birthday of Gerald Ford, 38^th President of the United States(1974-77) Born Leslie King at Omaha, NE. Ford became 41^st vice president of the US on December 6, 1973, by appointment, following the resignation of Spiro T. Agnew from that office on October 10,1973. Ford became president on August 9,1974, following the resignation from that office on the day of Richard M. Nixon. He was the first nonelected vice president and president of the US.

1918-Birthday Jay Forrester, a pioneer in computer memory. Forrester studied at the Massachusetts Institute of Technology, where he later became a professor and researcher. In 1945, he founded MIT's Digital Computer Laboratory and helped build an early digital computer called the "Whirlwind I." His work at the lab made him realize that existing information storage techniques were slow and, even worse, unreliable. In 1949, he developed a way to use a magnetic cell to store information. The random-access magnetic core memory became a central feature of most digital computers. Forrester later applied computer science to management problems, creating computer simulations of real world problems in manufacturing and other processes

1923-birthday of Frances Lear, U.S. publisher of Lear Magazine for "the woman who wasn't born yesterday." It failed. It cost her $25 million of the estimated $100-112 million she received as a divorce settlement from her partner-husband Norman Lear, producer of two of TV's biggest hits, All in the Family and Maude, the latter allegedly based on Frances Lear's life as a businesswoman and a feminist activist.

1929-Birthday of Alan Dawson drums, Marietta PA

http://www.angelfire.com/cgi-bin/membership/suspended?member_name=mac/keepitlive

1934 --116ø F (47ø C), Orogrande, New Mexico (state record)

1936-- 116ø F (47ø C), Collegeville, Indiana (state record)

1942 - It was their last duet together for Helen O’Connell and Bob Eberly when they recorded "Brazil" with the Jimmy Dorsey band.

1943-The first national monument dedicated to an African-American was the George Washington Carver National Monument, authorized this day, officially

established June 14,1951, and dedicated on July 14,1953. It consists of 210 acres about 2.5 miles southwest of Diamond in Newton County, MO. It is administered by the National Park Service.

http://www.nps.gov/gwca/

http://www.coax.net/people/LWF/carver.htm

http://www.nationalparks.com/george_washington_carver_national_monument/facilities.htm

http://www.lib.utexas.edu/maps/national_parks/washington_carver_area98.pdf

1947—Top Hits

Peg o’ My Heart - The Harmonicats

I Wonder, I Wonder, I Wonder - Eddy Howard

Chi-Baba, Chi-Baba - Perry Como

Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams

1951-Citation, winner of the 1949 Triple Crown, became the first horse to pass the $1 million mark in career earnings by winning the Hollywood Gold Cub, after which the colt was retired. Citation raced 45 times, won $1,085,76- and finished out of the money only once.

1955 - The film version of Mister Roberts, starring Henry Fonda and James Cagney, opened in New York. Jack Lemmon later won the Academy Award for Best Supporting Actor, and the movie received a nomination for Best Picture.

1955—Top Hits

Rock Around the Clock - Bill Haley & His Comets

Learnin’ the Blues - Frank Sinatra

Hard to Get - Giselle Mackenzie

A Satisfied Mind - Porter Wagoner

1957 - On CBS radio, comedian Stan Freberg presented a new, weekly, comedy program. Though Freberg was well known for certain radio commercials, he was a late comer to the radio program race. Television was blamed for the short life of The Freberg show.

1962- "Roses Are Red (My Love)" by Bobby Vinton topped the charts and stayed there for 4 weeks.

1963—Top Hits

Easier Said Than Done - The Essex

Surf City - Jan & Dean

Tie Me Kangaroo Down, Sport - Rolf Harris

Act Naturally - Buck Owens

1967- Eddie Mathews of the Houston Astros hit the 500^th home run of his career of Juan Marichal of the San Francisco Giants. Houston beat the Giants, 8-6.

Mathews played in the majors from 1952 through 1968 and finished w2ith 512 homers.

1968-Henry Aaron of the Atlanta Braves hit the 500^th home run of his career, connecting off lefthander Mike McCormick of the San Francisco Giants. Aaron ended his career as baseball’s home run champ with 755 round trippers to his

credit.

1971—Top Hits

It’s Too Late/I Feel the Earth Move - Carole King

Indian Reservation - Raiders

You’ve Got a Friend - James Taylor

When You’re Hot, You’re Hot - Jerry Reed

1976-The Democratic National Convention nominated Jimmy Carter for the presidency on the first ballot. The next day Sen. Walter F. Mondale of Minnesota was nominated for the vice presidency. November 2 he beat incumbent president

Gerald Ford 40,828,929 to 39,148,940. He received 297 electoral votes to

Ford’s 297. The Democrats kept a 2-1 Senate majority, 61-38, with one seat going to an independent, and a House majority of 292-143.

1979-"Bad Girls" by Donna Summer topped the charts and stayed there for 5 weeks.

1979—Top Hits

Ring My Bell - Anita Ward

Bad Girls - Donna Summer

Chuck E.’s in Love - Rickie Lee Jones

Amanda - Waylon Jennings

1981 - When the All-Star Game was postponed because due to a players strike that had lasted 33 days so far, about 15,000 fans showed up to boo the players, who were not there. The 52nd All-Star classic would not be held until August 9th, and would take place at the Cleveland Municipal Stadium.

1985 - Baltimore clinched their second consecutive United States Football League championship when they defeated Oakland 28-24. The game was also they last of the league's spring schedule. All 14 teams totaled losses estimated at $63 million. When team owners refused to tally up any more financial losses, the USFL faded away. Plans for the league to resume in the fall of 1986 were never brought up.

1987 - The All-Star Game had its second-longest game in history when it took the National League 13 innings to defeat the American League in a 2-0 shutout. Played in Oakland, California, the game lasted 3 hours, 39 minutes.

1987 - The Directors Guild of America initiated a strike in Hollywood, California, against Warner Brothers and Columbia Pictures at 6:00 a.m. At 6:05 a.m. on the same day, a film and television contract of agreement was reached, putting an end to the shortest strike in Hollywood history.

1987—Top Hits

I Wanna Dance with Somebody (Who Loves Me) - Whitney Houston

Shakedown - Bob Seger

Songbird - Kenny G

All My Ex’s Live in Texas - George Strait

1987-- Lt Col Oliver North concludes 6 days of Congressional testimony.

Gore was not on the Senate committee, and Lt. North did not name

Ossma Bin Linden

http://www.rotten.com/library/bio/usa/oliver-north/

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