Headlines--- Classified
Ads---61 "Job Wanted" Ads Abacus
Leasing Does Not File Appeal vs. Leasing News "Advance
Rental" Broker Faces 20 Years in Prison Decision
Systems Sale/Bidding---Up-Date MAEL
Golf Tournament-Not to Late !!! New
Leasing Association in "Formation" in Arizona Oh, No!!!
Mr. Bill! Iraqi eMail UAEL
Metro New York Region August 11 Lunch Pacific
Capital 2nd Q Report/5% Dividend Parthenon
Capital New Partnership with Sal Maglietta Streamlined
Sales Tax Project Meetings This Border ##### Denotes Press Release (Not Written By Leasing
News) This Week's Economic Events July 21 MONDAY Leading Indicators: June Federal Budget: June Sales Tax Project, SF Equipment Leasing and Finance Foundation Golf Outing Essex Country Club West Orange, NJ July 22 TUESDAY Sales Tax Project, SF July 21 WEDNESDAY Sales Tax Project, SF July 22 THURSDAY Weekly Jobless Claims Sales Tax Project, SF July 23 FRIDAY Durable Goods Orders: June Existing-Home Sales: June Classified Ads---61 “Job Wanted” Ads Contract Administrator: Lewisville, TX. 2 1/2 Years
banking experience & almost
3 years Leasing experience. ( Contract Admin) hard Worker, learns quickly
& willing to relocate. email: talbotjtalbot2@aol.com Documentation/Funding/Collection Manager: Phoenix,
AZ. Five years in Equipment Leasing Industry. Looking for a Leasing
home in Phoenix. Prefer documentation/funding, but interested/open to
managing account portfolios. email: rrr64@aol.com Finance: Austin, TX. 20+ years all facets of lease/finance. Collection and credit
management. Equipment & rolling stock structuring. $150k credit
authority, $100 million portfolio management. email: texmartin@juno.com Finance: Lyndhurst, NJ CFO w/20+ years leasing/financing. Respected by lenders/rating
agencies full & fair financial reporting. Outstanding record restructuring
debt. Adept at investor relations and mentoring people. Email:joemcdev@aol.com Finance: Atlanta, GA Twenty five plus years experience in middle market lease/
asset based/cash flow transactions. Heavy banking and credit background,
with particular expertise in structure and negotiation. Email:brown235@bellsouth Legal: Los Angeles, CA Experienced in-house corporate and financial services attorney
seeks position as managing or transactional counsel. Willing to re-locate.
email:sandidq@msn.com Operations: Experienced Credit, Collections, lease
and Finance operations. Manager w/expertise in improving bottom line
performance, excellent trainer, manager, motivator. Get result/keep
the customer coming back. Email:rgmorrill@comcast.net Operations: Wayne, NJ 20+ heavily experienced collection/ recovery VP looking to
improve someone's bottom line. Proven, verifiable track record. Knowledge
of all types of portfolio. Will relocate Email:cmate@nac.net To view all “Job
Wanted” ads, please go to: http://65.209.205.32/LeasingNews/JobPostings.htm
------------------------------------------------------------------------------------------------- Abacus Leasing Does Not File Appeal vs. Leasing News The thirty day appeal deadline was July 16th,
and accordingly, there was no appeal recorded as filed in the State of New York. The
case between Abacus and Pacific Toxicology Laboratories in Woodland Hills, CA. that
accused the company of not returning a “$50,000” deposit continues. For readers who don’t know about the suit by Mathew Burke
of Abacus Leasing, please go here: http://www.leasingnews.org/Conscious-Top%20Stories/abacus_leasing.htm --------------------------------------------------------------------------------------------------- “Advance Rental” Broker Faces 20 Years in Prison Richard Allen La Biano,33, of Laguna Beach has pleaded guilty
in U.S.District Court in Santa Ana to mail fraud related to his San
Clemente equipment-leasing firm, Paramount Pacific Funding Group. Approximately 100 people lost $700,000 to La
Bianco, who demanded upfront deposits of $1,000 to $40,000 in order
to get financing for equipment leasing.
La Bianco did not secure the financing and did not return deposits,
the US. Attorney’s Office said. La Bianco faces a maximum of 20 years in prison and may have
to pay restitution when he is sentenced October 20,2003
---------------------------------------------------------------------------------------------- Decision Systems Sale/Bidding---Up-Date At this time it appears one of the players, Summit National,
is taking a "wait and see" position until such time as the
bidding war and legal battle between CapitalStream and Twins Engineering
settle down. According to their most recent press release, Capital Stream
announced they had established
a venture pool of about $21 million for acquisition purposes. It seems
then that in light of the increased bids that CapitalStream will either
find it necessary to raise more capital or withdraw from the process.
http://two.leasingnews.org/temporary/hulk.gif John McCue does not appear ready to retire and LeaseTeam
is going full bore. Finding another “contact management” processing system, when
you have two already, WiredCapital and CapitalStream, doesn’t look
like the direction. It’s got to be accounting software; but then again, the “Hulk”
could focus on the front end, go to “marketing software” like “Act,”
“Goldmine,” or “TimeShark.” --------------------------------------------------------------------------------------------------- Please send to a colleague as we are trying to build our
readership. --------------------------------------------------------------------------------------------------- New EAEL Message Board by Barry Reitman The Eastern Association of Equipment Lessors announces the
start of its newest member benefit, the EAEL Message Board. "Networking
24/7" is the phrase that is being used to describe the concept.
Members can post messages in any of several industry related topics.
Messages are delivered to a special folder at each member's e-mail "in-box."
Members can choose which topics they wish to receive automatically,
and access the others manually by visiting a special section of www.eael.com.
The postings are available only to members of the organization. Robert Fine, President of the EAEL says, "This is bound
to be a successful means of intra-organizational communications. We
are excited about the value the message board will bring to our membership,
including the ability to help each other with needs from funding source
leads to requests for unusual documents to warnings about fraudulent
transactions." The sign-up has been simplified to a one-time procedure that
can be completed in three minutes. After that, log-in is instantaneous,
whether to initiate a posting, or to respond to one just received. Steve
Geller, of Leasing Solutions, LLC, co-chairman of the EAEL Communications
Committee said, "We are very attuned to the fact that our busy
members do not want to learn a new complex program. They just want ease
of use in a full-featured message board. We believe that we have delivered
just that." The initial three minute set-up allows members to choose
from which topics they want to receive automatic e-mail notification.
Message Board users are also encouraged to propose new topics for the
board. The members are also shown how to easily set up a separate in-box
folder to automatically segregate their EAEL Message Board e-mail from
their general mail box. Access to the Message Board is strictly limited to EAEL members.
Member firms can have multiple Message Board accounts, so that each
authorized user will have his or her own user ID and password. Messages
are delivered in an easy-to-read HTML format, although the individual
user can change that to plain text. Formatting of font and size attributes
is accomplished by simply clicking on the same type of icon used in
Word and WordPerfect. (A member who wants to emphasize a key word, for
example, will just click on the bold "B" at the top of the
text entry box.) When the message has been composed, it goes to a preview
window before being broadcast. The committee members have been active users of the NAELB
Forum Message Board, and were determined to keep the best features of
that board. NAELB past president Gerry Egan was most gracious in encouraging
use of his year-long research into message board software. In addition to standard topics such as "Funding Source
Search," "Legal Questions," and "Need a Document,"
members will find "Shameless Self-Aggrandizement and Promotion,"
"Humor," and "Stuff Wanted/Stuff for Sale." Many
members are expected to use the simple profile settings (or their e-mail
systems) to send these topics to a separate area. EAEL members wishing to try this new Message Board can send
an e-mail request to messageboard@eael.org, or call our fearless Executive
Director, Alison Pryor, at 914-381-5830. They will receive, in addition
to a "Welcome message" with a link to the set up area, a brief
slide show presentation showing how to start using the board. Also included
will be a print-out of the simple instructions. Telephone support and
conference call sessions will be available for the technologically-challenged. DISCLAIMER: Your humble correspondent is anything but objective
here. He has been an early proponent of the EAEL Message Board, and,
more to the point, co-chairman of the communications committee responsible
for its creation. I am not just a cute cub reporter. Barry Reitman ----------------------------------------------------------------------------------------------- ***announcement********************************************* MAEL Golf Tournament—Not to Late !!! REGISTER TODAY TO ATTEND... the THE MID-AMERICA ASSOCIATION OF EQUIPMENT LESSORS (MAEL) proudly presents their PREMIER NETWORKING GOLF TOURNEY Mid-American Association
of Equipment Lessors Invitational and Team-Challenge Weekend July 28th 19th Annual Golf Invitational & Team-Challenge Weekend July 26th play White Eagle Golf Club, a private, 27 hole
Arnold Palmer course § July 27th play Bolingbrook Golf Club, voted by Golf Magazine
"Top Ten you Can Play" in 2002 The MidAmerican Association of Equipment Lessors (MAEL),
ELA's largest regional affiliate, will be hosting its 19th Annual Golf
Invitational on July 28, 2003 at Indian Lakes Golf Club & Resort, www.indianlakesresort.com <http://www.indianlakesresort.com>
located in Bloomingdale, Illinois. including... Evening entertainment provided by Chicago's IMPROV-OLYMPIC THEATRE
GROUP!!! Visit our website for more info at www.mael.org Call (312) 541-6000 Sign up now at Register Here <https://wx6.registeredsite.com/user313780/events/golf_register.asp> ****announcement************************************************* New Leasing Association in “Formation” in Arizona Congratulations! You are invited to become a charter member
of the newly formed Arizona Equipment Leasing Association (AELA). It is an exciting opportunity to stay involved
and determine what is important to your business on both the local and
national level. AELA is made up of working lease professionals that
like you want to remain educated, promote leasing, and network with
funding sources, share ideas, and market to potential clientele. As leasing professionals, we have seen the market change from both
the funding and the client retention/solicitation arena. AELA will allow you to communicate, learn, and
network with other leasing professionals at the local level while retaining
your autonomy along with the benefits of economies of scale with your
involvement with your trade association. As an independent association, we are not associated with
any major national leasing association presently. We wish to pursue our mission (see attached page 3) of promoting
the industry while maintaining the networking environment that our region
is nationally been recognized for. We
are committed to the equipment leasing profession as brokers, funders,
lessors, vendors, and/or service providers.
We are here to enhance the local aspect of doing business in
Arizona while maintaining the highest level of business ethics toward
our members and everyone’s clientele. Our charter members have been selected as leaders in our
industry and our minimal initial dues will be collected to cover the
costs of legally incorporating the association and maintaining its annual
status. The purpose of the organization is to provide
its members with a regional network of leasing and financing professionals
regardless of the size of their organization with more contact than
in a resort for a couple of days on a annual basis. We also welcome
the larger organization’s financial professionals that wish to promote
and maintain a regional presence and further the efforts of the collective
group. This is a dynamic industry that’s only constant is its penchant
for change and keeping up with what is happening both regionally and
nationally can be a daunting task. Please attend our inaugural meeting August 14, 2003 at 5:30
pm at McDuffy’s Bar & Grill in Downtown Tempe and bring the $25
annual fee and the attached application with you and receive a free
cocktail for joining. Please RSVP by Monday August 11th. If you are unable to attend but would like to
join please send your check and completed application to the treasurer:
(See application below.) AELA founding
members Patrick McCann, Treasurer c/o Universal Financial Group 3021 E. Laurel St. Mesa, Az. 85213 480-218-0535 fax 480-218-0525 Patrick Sponsel c/o Sharpe Equipment Leasing, Inc. P.O. Box 10337 Glendale, Az. 85318 623-934-1340 fax 623-934-9565 Bernice Truszkowski, CLP c/o Equipment Funding, Ltd. Po box 985 Scottsdale, Az. 85252 (480) 949-0710 Cletus Theibeau c/o Manufacturer’s Leasing 818 E. Osborne Phoenix, Az. 85020 602-944-4411 cthiebeau@ManufacturersLeasing.com Roger Marce c/o Manufacturer’s Leasing 818 E. Osborne Phoenix, Az. 85020 602-944-4411 rmarce@manufactuersleaseng.com Irv Ellis c/o
LeaseCor, Inc. 346
West Frier Drive Phoenix, Az. 85318 (602)
395-0463 Nancy Rosenberg c/o Quality Financial 18
N. Sahuro Dr. Gilbert, Az. 85233 (480) 813-9386 ARIZONA EQUIPMENT
LEASING ASSOCIATION (AELA) MISSION STATEMENT The Arizona Equipment Leasing Association is dedicated to
facilitating the advancement and general interests of Arizona’s Leasing
Industry through organizing and conducting periodic gatherings of Leasing
Professionals from all types and sizes of ethical businesses. Application
for membership
Dues are $25 dollars annually. Please mail to Treasurer along with completed application if unable
to attend initial meeting. Patrick McCann, Treasurer c/o Universal Financial
Group 3021 E. Laurel St. Mesa, Az. 85213 480-218-0535 fax 480-218-0525 ------------------------------------------------------------------------------------------ Friday---Odds and Ends (yes, Friday, as this was planned for last Friday, but not
enough news to make it worthwhile to publish, but there is some good stuff here.
editor ) John Settano San Francisco
# is (415) 773-1373 and e-mail is jsettano@exchange.ml.com Thanks Rick Remiker Managing Director, Group Head MERRILL LYNCH CAPITAL, Equipment Finance 222 North LaSalle Street, 16th Floor Chicago, Il 60601 (312) 750-6171 telephone (312) 750-6108 facsimile (Thank you. Working with the Merrill-Lynch media department,
working out guidelines and procedure for an interview with Mr. Settano.
editor) ------------------------
WASCO was bought by EAB. They were first an independent.
Nice co.in NYC. CITI bought EAB, and,of course, Wasco came with the
purchase. It was dissolved into CITI's other leasing operations, and
no longer exsists. Many of the former employees now work at Northfork
bank on Long Island. As their portfolio was taken over by Citi Bank.
I am trying to get a UCC-3 executed on a lessee's record. Thanks Bill Clark --- “I heard that Hernan
Traversone, VP Credit and Ric Anderson have left AMEX BF as of this week. If that s the case, they would certainly
represent more than just . . . another shoe dropping.” (name with held) (I am trying to confirm ( or get denial) on this. I do know that Michael Galan Collections Team Leader of American Express Business Finance
is leaving to move back to Florida, but believe it was voluntary.
Maybe he knows something, too, as if Sandy Weill, the CEO of Citigroup,
is stepping down at the end of the year, as the New York Post reported, will he try and close out his career with the
acquisition of American Express to top his deal with Sears As to Traverson and Andersson, I have heard from the grapevine
they have joined Fred Van Etten, who they worked with at Sierra Cities. A
well-informed source also tells me he thinks Roger Gephardt is with Van Etten.
He was VP of First Sierra handling the securitizations. He came to First
Sierra from First Union Bank in 1995 or 96.
Brilliant man that knows everything about securitization, Leasing
News is told. Healso left Americna
Express to join Van Etten, maybe
as long ago as 18 months ago. In the course of writing the “expose” on the RW Leasing Professional
portfolio, Van Etten did not want to make any comments or read an advanced
copy, and changed the subject, asking me to wait for a “big announcement”
he would me making. I don’t think the Redstone Group is involved, as
he no longer is there; however, when I first called, as that is where
I had his last telephone number, they sure were friendly, giving me
address, telephone number. Maybe
it was just good customer relationships, or maybe more.
http://www.leasingnews.org/pictures_past/past_06-05-03.htm Van Etten left Sierra Cities with a couple of million dollars,
and “won” his lawsuit with I believe the new owners, American Express,
about being let go by Depping “without cause.” What he got here, after
attorneys, is not known. However, I am told if Traverson , Andersson, and Gephardt are together, look out American Express Business
Finance!!!! For sure, Mark McQuitty will have the last laugh, as it was
his recommendation that Van Etten run Sierra Cities as he thought with Van Etten
in charge, it would have a good chance to survive and grow. I think I know the last sales element from writing a previous
story about the person who actually wrote the model and directed Preferred
Leasing and brought to this company, but then again, all of the above
is only an informed guess, as
Van Etten still is not making any comments. editor.) ---------------------------------- Oh, No!!! Mr. Bill! Iraqi
eMail The latest, and several dozen readers have sent to me, and
I am glad they did: DEAR SIR, I am Major General.
Ibrahim Musa with the Iraqi forces and also a business man.AS a matter of fact I am the sole manager of
memos industries limited which comprises of memos steel industries,memos group of school and memos motors, all in the city of basra
in the city of Iraqi. I got your contact from a
very good and reliable source that is while I am seeking you as a trust worthy and reliable person when
it comes to business transaction. I am making this business proposal to you because of the
war which happened in my country
with the Americans which has resulted in damaging of almost
all the investment I have made here in my country Basra. the actualisation of the new government and its new
policise had made it difficult for the past millitary personal to invest
in the country. That is while I am seeking you as a foreign and trust worthy
partner in helping me receiving some amount of money to the tune of sixty million five hundred thousand us dollars ($60.5million US
Dollars into your various account pending the time I will come over for
investment plan in your country. When this fund is
being received in your country by you, I should be coming over to your country immediately with my wife and
my children in order to stay in your country and to have some investment
there with you in your country. I have mapped out 15% of the total sum for you for your kind
assistance and 5% for expenses incurred on both parties and the remaining
for me and my family and for investment purposes. If this proposal satisfy you please kindly forward the following information to the email box of my via email (memosgroup@maktoob.com) Your phone and fax number Your account details and your home and office address Hoping to hear from you soon Best regards Major General. Ibrahim Musa -- Had to chuckle at the Nigerian E-Mail conference ad. I get one (or more) of their e-mails a week. However, I am sending you one below that showed a little more imagination... Thought you might like to share it. W. R. Johnnie Johnson, CLP Exec. Vice President/Chief Operating Officer The International Leasing & Investment Co. P. O. Box 3716, Safat 13038, Kuwait Phone: 965-244-0368 FAX: 965-246-3190 E-Mail: johnson@ilic.net _____ >From Mr.Smith kone. Rue 6 bp cocody Abidjan, Cote d Ivoire. 00225 07 68 27 28. ATTN : MANAGING DIRECTOR Dear Sir, I am writing this letter out of a genuine desperation to
find a reliable partner in the unfolding transaction. I have been unjustly
treated by my partner in a transaction so,I seek your help, attention and
genuine co-operation to our mutual benefit and 1 believe that you
will not let down the trust and confidence 1 am about to repose on you. Iam Mr.Smith kone.,from COTE D IVOIRY and for the past ten
years, I have been working in a public Relations firm that pays me about
two hundred dollars each month. On the 30th of June, our company made
a Very big financial breakthrough when we made contact with ALHAJI.C.G
MUSTAFAR and began to supply him his cow vaccine named LIM KXT COW
VACCINE. ALHAJI.C.G MUSTAFAR is
THE PRESIDENT OF MUSTAFAR GROUP COMPANY )He is a millionaire farmer
with CATTLE FARMS in all part of AFRICA , and a new one located at ZIMBABWE.
Moreover, he is the greatest supplier of cattle beef and other
dairy products to the whole of West Africa. HE had informed us about the huge amount of money he spends
on the purchase of a particular but very important cattle medicine. Precisely, he buys US$ 5,000 per carton. He
asked if our organization can source for a cheaper supplier. We did market research and discovered that we can buy these
vaccines in Europe for US$2,000 per carton. We moved a proposal to MUSTAFAR GROUP COMPANY, to supply him at US$4,800 per carton, which they
accepted. As these supplies progressed
and our company is doing fine, I requested to my boss for an increase in our salary. He was so upset
that he wanted to sacked me without benefits and ten years of dedicated workmanship. I was so desperate that I went to the MUSTAFAR GROUP COMPANY
farms and informed ALHAJI.C.G MUSTAFAR that I have a foreign contact
that will be willing to supply him this same products at US$4,400. Per
carton. ALHAJI.C.G MUSTAFAR in turn confided to me that he is about
to place order for one thousand cartons following a suspected outbreak
of disease in his farms. I assured ALHAJI.C.G MUSTAFAR that my foreign
contact will be in the position to manufacture and supply to him, infact
I convinced him that my former boss usually buy from my foreign contact
and that is why he sales to him at a higher price. HOWEVER,I INFORMED
ALHAJI.C.G MUSTAFAR THAT HE WILL
HAVE TO PAY CASH IN ADVANCE BEFORE MY FORIEGN CONTACT WILL SUPPLY TO
HIM. For the moment he has stopped
all contact with my boss. Please consider on how to handle this profitable
Project and kindly contact me immediately on my number 00225 07 68 27
28 for details and negotiations as regards my commission. However,
I will insist that my commission will be 20% of the total profit. Note: We will buy one thousand cartons at US$2,000,000.
We sell to them at US$4,400,000 Dollars; our client pays cash before lifting
of the goods. (They must not know our purchase point in Europe). Thanks and God bless you. Mr.Smith kone. -- (and from other countries, too) Name: Khin Myint Lwin E-Mail: mythlwin@netscape.net Yangoon (Myanmar) Dear Sir/Madam, I apologize for the unexpected nature of this mail. I got
your e-mail address from the Thailand intercontinental peace group. I am Khin Myint Lwin, 55, Chinese/Burmese, and the leader
of the Myanmar Kyone Yeom Group headquartered in Mong Yawn, Myanmar. We
engage in Real Estate, food processing and the transportation of Chinese,
Thai and Burmese migrant workers to destinations around the globe. I am writing you from my Yangoon home where I await my appeal
case against a 37 years jail sentence I received for alleged human trafficking,
illegal sale of gold and running a prostitution ring. I am currently
under house arrest. My appeal hearing is set for December 2003. These are all trumped-up charges. One of my boats carrying
migrant workers to Singapore last year was hit by waves and sank killing
87 passengers. It was an accident but the government used this to arrest
me because they suspected me of funding the Karen National Liberation Army
(KNLA), a rebel movement fighting for the rights of the Karen ethnic group
in Myanmar. The government has also seized most of my assets valued at
nearly one Billion dollars ($973,000,000.00) in Myanmar, Thailand and China. My wife and three daughters (8,12,14) are now staying with
my mother in-law in Mandalay. They now face a severe disruption in their livelihood
and the education of my daughters is in jeopardy. This feels me with
so much pain. My wife and daughters are my main concern right now. I have a cash account deposit I made in the Netherlands,
which the Burmese government didn't know about. When I liquidated my flower
and electronic companies in the Netherlands in 2002, I deposited the proceeds
of Eleven million dollars ($11,000,000.00) in a securities firm in
the Netherlands while I was negotiating the take-over of a telecom company
in Germany. Right now, I need this money so I could get the best lawyer
for my appeal case coming up in December and most of all get my family
out of Myanmar to a safer country. They face constant harassment from government
agents. I need your assistance to get some of this money through
to my wife and daughters who are in Mandalay, Myanmar. Your responsibility
will be to assume the new ownership of the money. Transfer this money
into your own account for safety first. You will keep 20% for your efforts. You will then send my
share in bits as I direct you to my mother-in-law or my wife in Myanmar. This
will enable my family to leave Myanmar. I can also get the best lawyer and
lobby power and most possibly be free soonest. If you decide to help me, what you have to do is send me
your full Name, Address, Date of Birth, and Nationality. Use the e-mail address
above. I will contact the securities company in the Netherlands
and have the ownership changed to yours. I can do this online and via
email. Luckily, I can monitor the status of my deposit via the Internet with
my login info. When all is done, the company will contact you about your
new status. They will tell you what to do. Most of their transactions can
also be done online. After that, you carry out the directives as explained
above. If you do this, I will be personally grateful to you in many
ways. Not only in the 20% of ($11M) reward you will get, but also when I
am free, as I know I will soon, I will show you what it means to do me a favor. If you can't, or decide not to, I will understand. Thanks
for your attention anyhow. Khin Myint Lwin ----------------------------------------------------------------------------------------- Wasco I received three responses even one from a former employee of Wasco. He gave me the phone number for my lessee to call
at Citi to get his letter of termination in lieu of the UCC-3 filing. Your
newsletter really does have a great following. Thanks Bill Clark **** announcement ****************************************** UAEL Metro New York Region August 11 Lunch Roundtable Lunch Date:
Monday, August 11, 2003 Time: 12:30PM - 2:00PM Location:
Baang Café & Bar at Woodbury Commons 8285 Jericho Turnpike Woodbury, NY 11797 (516) 692-0809 http://www.decarorestaurantgroup.com/index_baang2.html Join us for an enjoyable & educational lunch of networking
with brokers, lessors, service providers & funding source representatives.
This highly regarded restaurant is located on Long Island
and has received "excellent" reviews from The New York Times.
This is a "no host" lunch, so bring your appetite for food
and networking. Please register on-line at www.uael.org
by Monday August 4th Please contact Omar Diaz @ (866) 847-7301 (o_man_11550@yahoo.com)
or John Donohue @ (603) 433-9406 (jdonohue@directcapital.com)
with any questions. The UAEL looks forward to seeing you there! **** announcement **************************************************** ### Press Release ####################################### Pacific Capital Bancorp Reports Second Quarter Financial
Results; Company Announces 5% Increase in Dividend SANTA BARBARA, Calif--Pacific Capital Bancorp (Nasdaq:PCBC),
a community bank holding company with $4.5 billion in assets,
reported financial results for the quarter ended June 30, 2003. Net income was $13.4 million, or $0.38 per diluted share,
compared with net income of $15.2 million, or $0.43 per diluted share,
in the second quarter of 2002. The Company did not recognize as much additional income related
to the Refund Anticipation Loan (RAL) program in the second quarter
of 2003 as it did in the second quarter of 2002, a possibility that
was discussed in the first quarter press release. For purposes of comparison,
RAL income contributed $2.95 million more in after tax earnings in the
second quarter of 2002 than it contributed in the second quarter of
2003. For the first six months of 2003, Pacific Capital Bancorp's
net income increased 16.5% to $49.8 million, or $1.43 per diluted share,
from $42.7 million, or $1.22 per diluted share for the first six months
of 2002. Pacific Capital Bancorp's return on average equity (ROE)
and return on average assets (ROA) for the second quarter of 2003 were
13.52% and 1.21%, respectively, compared to 17.97% and 1.51%, respectively,
for the second quarter of 2002. "While the operating environment remains challenging,
we are pleased with the developments in a number of key areas during
the second quarter," said William S. Thomas, Jr., President and
Chief Executive Officer of Pacific Capital Bancorp. "We saw notable
improvement in the financial condition of a number of our borrowers,
which resulted in improved asset quality. In addition, loan demand on
the part of our commercial customers appears to be improving earlier
than we had anticipated. Our noninterest revenue areas are also performing
well, collectively increasing by 22% over the second quarter of last
year. "The progress in these areas is helping to offset the
continued pressure on our net interest margin resulting from the declining
interest rate environment. With interest rates at 40-year lows, current
conditions are not conducive to generating growth in our net interest
income, and our performance in the controllable aspects of our business
is minimizing the impact on our bottom line," said Thomas. Financial Highlights During the second quarter, total interest income was $60.4
million, compared with $64.2 million in the same period last year. Total interest expense for the second quarter of 2003 was
$13.5 million, compared with $15.7 million for the second quarter of
2002. Although deposit volume increased year-over-year, total interest
expense declined due to the lower interest rate environment. Exclusive of RALs, net interest margin for the second quarter
of 2003 was 4.59%. This compares with a net interest margin of 5.14%
in the second quarter of 2002 and 4.86% in the first quarter of 2003.
The reduction in net interest margin from the previous quarter is primarily
attributable to an increased percentage of the Company's assets subject
to prepayment risk and subsequent reinvestment at lower yields. Total loans, exclusive of RALs, were $3.00 billion at June
30, 2003, compared to $2.97 billion at March 31, 2003. Total loans increased
4.2% from $2.88 billion at June 30, 2002. "Average commercial loans increased by approximately
6% from the previous quarter and we are seeing a more robust pipeline
of lending opportunities," said Thomas. "Many of our core
commercial clients are now looking to take advantage of the low interest
rate environment to make investments in their businesses. We believe
this bodes well for commercial loan activity in the second half of 2003." Total deposits, exclusive of those related to RALs, were
$3.61 billion at June 30, 2003, compared to $3.55 billion at March 31,
2003 and $3.22 billion at June 30, 2002, an increase of 12.2% year-over-year.
Included in the year-over-year increase is a 19.3% increase in non-interest
bearing demand deposits. Noninterest revenue for the period ending June 30, 2003,
was $15.6 million, an increase of 22.4% over noninterest revenue of
$12.7 million in the second quarter of 2002. Service charges on deposit accounts increased during the
second quarter of 2003 to $3.8 million, up 10.9% over the second quarter
of last year. Fees generated by the Trust & Investment Services
division were $3.5 million, compared with $3.4 million in the second
quarter of 2002. Fees from the Refund Transfer product increased by
approximately $600,000 from the previous year. Income from other service charges, commissions and fees for
the quarter ended June 30, 2003 was $3.9 million, an increase of 42.0%
over the $2.7 million in the same period of the prior year. The Company also recorded a net gain of approximately $600,000
during the second quarter of 2003 on the sale of certain lower yielding
securities. Total operating expense in the second quarter of 2003 included
a $2.1 million charge related to a letter of credit with a customer
whose ability to make repayment is in doubt. This charge is reflected
in the Other Expense line item. All other letters of credit are considered
"pass" rated. Pacific Capital Bancorp's operating efficiency ratio for
the second quarter of 2003 was 61.28%, compared to 52.02% in the same
period last year. Exclusive of the impact of the RAL and RT programs,
the Company's operating efficiency ratio for the second quarter of 2003
was 64.12% compared with 54.19% for the same period last year and 61.40%
for the quarter ended March 31, 2003. The impact of the provision related
to the letter of credit discussed above increased the Company's second
quarter 2003 operating efficiency ratio, excluding the RAL/RT program,
from 60.41% to 64.12%. 2003 RAL and RT Programs During the second quarter, the Company completed its 2003
Refund Anticipation Loan (RAL) and Refund Transfer (RT) income tax programs.
These programs generated approximately $40.6 million in pre-tax income
for the first six months of 2003, compared with pre-tax income of $33.7
million generated by the RAL/RT business in the first half of 2002.
The Company experienced a lower level of recoveries and higher level
of charge-offs related to the 2003 RAL program than expected, which
had a negative impact on second quarter net income. For purposes of
comparison, while net charge-offs as a percentage of total loans for
the program for 2003 (0.90%) were higher than 2002 (0.55%), they were
lower than in 2001 (0.85%). Asset Quality and Capital Ratios During the second quarter, the Company recorded a negative
provision for non-RAL credit losses of $1.3 million. The negative provision
is attributable to improved credit quality. "In virtually all areas of our markets and in all industry
sectors within our loan portfolio, excluding the hospitality and wine
industries, we are seeing a general trend of improved financial condition
among our borrowers," said Thomas. "As a result, we are seeing
more loans upgraded and a reduction in both potential problem and nonperforming
loans." For the quarter ended June 30, 2003, because of the decrease
in potential problem and nonperforming loans, the non-RAL related allowance
for credit losses decreased to $50.0 million, or 1.67% of total loans,
compared to $53.9 million, or 1.81% of total loans, at March 31, 2003.
This compares with the industry average of 1.68% of total loans for
the Company's peer group, based on data provided as of March 31, 2003. Total nonperforming loans decreased $7.0 million, or 11%,
in the second quarter to $54.4 million at June 30, 2003, representing
1.81% of total loans. This compares with the industry average of 1.08%
of total loans for the Company's peer group, based on data provided
as of March 31, 2003. Two credits discussed in previous quarters -- one in the
wine industry and one in the hospitality industry -- represent approximately
61.5% of total nonperforming loans. The Company has had no material
change in its expectations for the inherent loss on each loan and believes
it is sufficiently reserved. Total nonperforming assets at the end of the second quarter
of 2003 represented 1.22% of total assets, a decrease from 1.45% of
total assets exclusive of RALs at the end of the prior quarter. This
compares with the Company's peer group average of 0.73% of total assets,
based on data provided as of March 31, 2003. Net charge-offs (exclusive of RALs) for the three months
ended June 30, 2003, were $2.6 million, compared with $4.3 million for
the three months ended March 31, 2003. Annualized net charge-offs to total average loans (both exclusive
of RALs) were 0.35% for the three months ended June 30, 2003, compared
with 0.59% for the three months ended March 31, 2003. This compares
with the Company's peer group average of 0.62%, based on data provided
as of March 31, 2003. The Company's capital ratios continue to be above the well-capitalized
guidelines established by bank regulatory agencies. Share Purchase Program Update On April 17, 2003, the Company's board of directors authorized
the repurchase of up to $20 million of its common stock. Through June
30, 2003, the Company had purchased 73,720 shares of its common stock
at an average per share price of $32.69, for a total price of $2.4 million. Dividend Increase Pacific Capital Bancorp announced a 5% increase in its quarterly
dividend, from $0.20 to $0.21 per share. The dividend is payable August
12, 2003, to shareholders of record as of July 22, 2003. The Company
continues to maintain a policy of distributing 35%-40% of earnings to
its shareholders, and the new dividend rate falls within that range
of anticipated 2003 earnings. "We are pleased to be able to increase the return to
our shareholders," said David W. Spainhour, Chairman of the Board.
"Our dividend policy enables us to deliver a growing income stream
for shareholders, while also retaining sufficient capital to reinvest
in our community bank network and generate profitable long-term growth." Ventura County Expansion Pacific Capital Bancorp also announced plans today to open
its first branch office in the city of Simi Valley, which will be its
12th Ventura County branch office. The branch is scheduled for opening
in the first quarter of 2004. "Ventura County is the fastest growing segment of our
markets and we are committed to increasing our presence in this area,"
said Thomas. "Based on the demographics of the community of Simi
Valley and the competitive landscape, we believe our brand of community
banking will be well received by both commercial and retail customers." Outlook Based on its second quarter financial results, the Company
now expects earnings per share for the full year 2003 to be in the range
of $2.16 to $2.24, down from its earlier estimate of between $2.21 and
$2.32 per fully diluted share. The Company indicated that it has revised
its full year earnings estimate due to a lower interest rate environment
than initially expected for 2003. The low-end of the revised guidance
reflects the potential for another 25 basis point cut in interest rates
later in 2003. "The 25 basis point cut in interest rates in June will
place additional pressure on our net interest margin and preclude us
from reaching our initial earnings guidance," said Thomas. "We
will continue to focus on the controllable elements of our business
-- such as reducing expense levels, maintaining conservative underwriting
criteria and generating non-interest revenue -- in order to maximize
our profitability in 2003. Going forward, we remain very well positioned
to generate strong growth when interest rates return to more normalized
levels." Pacific Capital Bancorp is the parent company of Pacific
Capital Bank, N.A., a nationally chartered bank that operates under
the local brand names of Santa Barbara Bank & Trust, First National
Bank of Central California, South Valley National Bank and San Benito
Bank. Pacific Capital Bank, N.A. is a 41-branch community bank network
serving customers in six Central Coast counties, from the communities
of Morgan Hill in the north to Westlake Village/Thousand Oaks in the
south. CONTACT: Pacific Capital Bancorp Deborah Lewis Whiteley (Investor Relations), 805-884-6680 whiteley@pcbancorp.com SOURCE: Pacific Capital Bancorp ### Press Release ############################################## Parthenon Capital Announces New Partnership with Sal Maglietta San Francisco, CA - Parthenon Capital (PCAP™), a leading
private equity investment firm, announced today that it will partner
with Sal Maglietta, a seasoned commercial finance executive, to seek
acquisitions of finance companies that provide asset based financing
and equipment leases primarily to small businesses. Pursuant to the
terms of its agreement with Sal Maglietta, Parthenon will make available
up to $150 million of equity towards the partnership, which will not
only seek acquisitions but also grow through partnerships with captive
finance operations, joint ventures, and various internal growth initiatives. In keeping with Parthenon Capital’s strategy to invest behind
experienced senior executives with successful track records in targeted
industries, Parthenon has partnered with Sal Maglietta, a 23-year veteran
of the financial services industry. Mr. Maglietta remarked, “This is
an excellent point in the cycle to enter the specialty finance business.
Small and mid-sized businesses need capital solutions to drive their
business growth, increase productivity and help lead the economy to
a robust recovery. Recent consolidation in this segment has left borrowers
with limited and less effective choices.” Prior to partnering with Parthenon, Mr. Maglietta was the
Chief Executive Officer of Citicapital Equipment Finance, a division
of Citigroup. During his tenure at Citigroup, he managed an $18 billion
portfolio, which demonstrated revenue and net income compound annual
growth rate of 80%. The Maglietta-led team and Parthenon Capital plan to work
aggressively to complete their first acquisition over the next several
months. Will Kessinger, Managing Director of Parthenon Capital stated,
“Sal has tremendous knowledge of the players and opportunities within
niche segments of commercial finance. We have seen major financial institutions
pull back from small business finance in particular and see a great
market opportunity. The recession has been tough on lenders who provide
financing to this market. We will be seeking firms with a strong control
culture, up to date systems and a broad distribution capability. We
would expect to seek acquisitions with at least $250 million in assets.”
Parthenon Capital maintains a strong relationship with its
sister company, The Parthenon Group (“TPG”), a leading worldwide 170-person
strategic advisory firm with offices in Boston, San Francisco, and London.
“For executives who desire to build an organization through acquisitions
and internal growth, our deep operating resources are a tremendous strategic
asset,” said Ernest K. Jacquet, Co-CEO of Parthenon Capital. Mr. Jacquet
added, “We are delighted to be partnering with an experienced industry
professional like Sal, who has a clear vision and a tremendous track
record, but who is also looking for a partner that adds tangible value.” Parthenon Capital is a $1.1 billion private equity firm with
offices in Boston, MA and San Francisco, CA. In partnership with industry-leading executives, Parthenon Capital
provides strategic support and financial backing for acquisition and
internal growth strategies and has particular expertise in the following
industries: Business/ Financial Services, Healthcare, Consumer Products,
Value-Added Distribution, and Food & Beverage. For more information,
visit www.parthenoncapital.com. Nothing contained in this press release
is intended to create any commitment, obligation or liability upon Parthenon
Capital or any of its affiliate Sites of Reference: http://www.parthenoncapital.com CONTACT: Nanette Sorich Parthenon Capital Phone Number: 617-960-4052 Fax Number: 617-960-4010 E-mail: nanettes@parthenoncapital.com #### Press Release ########################################### Streamlined Sales Tax Project Meeting National Conference of State Legislatures (NCSL) Task Force on State and Local Taxation
of Telecommunications and Electronic Commerce meeting on July
20-21, 2003 in San Francisco, California. Leasing News hopes to receive a copy of the report Dennis Brown will have for the ELT Newsletter by the
end of this week. In the
subequent meetings on California, perhaps the sales tax on “fees” charged
for leases or the “re-sale” of a lease from a discount, portfolio or
warehouse line may be covered. Monday, July 21, 2003 8:00 AM - 9:00 AM Salon 3-4 Lower B2 Level Continental Breakfast State Compliance Update Discussion of certification process for compliance Discussion of role of the Implementing States 9:00 AM - 9:30 AM Overview of Congressional Action Internet Tax Freedom Act Sales and Use Tax Fairness Act Business Activity Tax Simplification Act 9:30 AM - 10:00 AM Update on Telecommunications Issues Internet Tax Freedom Act Bundling 10:00 AM -10:15 AM Break 10:15 AM - 1:00 PM Meeting
of Policy Statements and Resolutions: Nexus in the New Economy: Ensuring a Level Playing Field
for All Commerce Discussion and Consideration of Draft Resolution on Business
Activity Taxes 12:00 Noon - 1:00 PM Buffet Lunch Task Force will continue discussion on BAT 1:00 PM - 3:00 PM Recess Some members of the Task Force will need to attend the meeting
of the Executive Committee's Budget Subcommittee 3:00 PM - 5:00 PM Task Force Resumes - If Needed The Task Force will resume discussion on BAT and other issues
if work was not completed prior to the 1:00 PM recess. Other meetings and events during the Annual Meeting that
may be of interest to the Task Force: Tuesday, July 22 8:00 AM - 10:00 AM Full Executive Committee Meeting Task Force policy statements will be presented for approval. B2 Level Marriott Hotel Tuesday, July 22 3:15 PM - 5:00 PM Concurrent Session: Taxing Simply, Taxing Fairly Further discussion of the issues surrounding sales tax simplification and state business activity taxes. At the Convention Center Wednesday, July 23 8:00 AM - 10:00 AM
Standing Committees on Communications, Technology and Interstate Commerce and Budget and Revenue The policy statements formulated by the Task Force will be
presented to the members of the two NCSL Standing Committees for consideration. At the Convention Center Wednesday, July 23 10:15 AM - 10:45 AM Budget and Revenue Committee Committee members consider policy statements from the Task
Force. At the Convention Center Wednesday, July 23 11:00 AM - 12:00 PM Communications, Technology & Interstate Commerce Committee Committee members consider policy statements from the Task
Force At the Convention Center Thursday, July 24 2:15 PM 4:00 PM
Streamlining Sales Taxes: Restoring Fiscal Federalism or Forfeiting State Sovereignty? Senator Steve Rauschenberger debates Grover Norquist, President, Americans for Tax Reform, on the merits of the Streamlined
Sales and Use Tax Agreement. At the Convention Center Friday, July 25 11:00 AM - 12:30 PM NCSL Annual Business Meeting Final discussion and vote on all policy statements and resolutions. Tentative Agenda September 25-26, 2003 Hotel Intercontinental Chicago Chicago, IL Thursday, Sept. 25, 2003 8:00 a.m. Continental Breakfast 8:30 a.m. - 12:00 Noon
Combined Work Group Meeting (Government Personnel Only) 10 AM Business Representatives Meeting Steve Kranz, Council On State Taxation (COST) to lead discussion 12:00 Noon - 1:00 p.m. Lunch for all 1:00 p.m. - 2:30 p.m. Combined Work Group Meeting* (one room) * Exemption Certificate * Exemption Administration * Returns and Remittances
Issue Paper * Digital Equivalent
of Tangible Personal Property 2:30 p.m. - 4:30 p.m. Combined Work Group Meeting* (one room) * Bundling * Sourcing of Services * Telecommunication
Definitions * Technical Agreement
Amendments * Certificate of Compliance
Update Friday, Sept. 26, 2003 8:00 a.m. Continental Breakfast 8:30 a.m. - 11:30 a.m. Combined Work Group Meeting* (one room) * Audits and Certifications
* Taxability Matrix
* Holiday Definitions
- School Supplies * Rates and Boundary
Databases 11:30 a.m. - 12:30 p.m. Lunch 12:30 p.m. - 1:00 p.m. Project Meeting** (Open to Government and Private Sector) * Welcome * Introductions * Approve Minutes * Business Discussion * Public Comments** * Announcements 1:00 p.m. - 3:00 p.m. Work Group Meeting* (one room) * Certified Service
Providers and Request for Proposal (Invited Government Personnel Only) Footnote: *As a general rule, work group sessions will be open to the
private sector. Some work
groups may have a closed session for a limited period of time. **Members of the public wishing to address the Project should
contact Diane Hardt at (608) 266-6798 or Scott Peterson (605) 773-3311
to be included on the agenda. Time
for each person may be limited, depending on the number of persons wishing to address the Project. Dennis Brown DBROWN@ELAMAIL.COM Equipment Leasing Association http://www.elaonline.com/GovtRelations/State/Streamometer/ -------------------------------------------------------------------------------------- News Briefs--- Mortgage rates to climb this week http://business.boston.com/business/articles/2003/07/18/mortgage_rates_climb_this_week Compare Cities for Living Costs/other conditions http://nytimes.monstermoving.com/Find_a_Place/Compare2Cities/index.asp Armstrong Has Tight Lead in Tour De France http://www.nytimes.com/aponline/sports/AP-CYC-Tour-de-France.html Apple Co-Founder Creates Electronic ID Tags http://www.nytimes.com/2003/07/21/technology/21ZEUS.html ----------------------------------------------------------------------------------------- This Day in American History 1828-The first strike
in which a militia was called out occurred in Paterson, NJ when the
Godwin Guards of the national militia were ordered to keep peace during
a strike bought about by the changing from
noon to one o’clock. the strikers were defeated, but the noon
lunch hour was afterwards restored. 1832- Henrietta King
Birthday – Founder of King Ranch in Texas. She inherited a good size
ranch in west Texas - 500,000 acres - from her husband and a king-sized
debt. By all reason the ranch should have gone on the auction block,
but Henrietta was a stubborn woman. She decided to run it herself, hiring her son-
in-law to assist. Together they streamlined the ranch operations. She
personally developed the Santa Gertrudis cattle breed that became the
mainstay of the Texas cattle business.
When she died at age 92 in 1925, she had parlayed that nearly
bankrupt ranch into the world-renowned King Ranch of 1,280,000 debt-free
acres and an estate in excess of $5 million. http://www.tsha.utexas.edu/handbook/online/articles/view/KK/fki16.html http://www.harcourtschool.com/activity/biographies/hking/ http://www.taliesyn.com/hmking/hmking.htm http://www.king-ranch.com/visit.htm 1846- Mormons found
first “American” settlement in California (San Joaquin Valley) called
“New Hope.” http://www.amazon.com/exec/obidos/ASIN/0934153094/inktomi-bkasin-20/103-5362656-4423850 http://wwwlibrary.csustan.edu/bsantos/calif.html 1853- Anna Adams
Gordon birthday - U.S. social activist. AAG at 24 became the live-in
private secretary of Women's Christian Temperance Union (WCTU) organizer
and its long-time president Frances Willard.
She became a prominent activist in the WCTU in addition to her
duties to Willard and she served as national as well as world WCTU president
after Willard's death. It was under her presidency that the U.S. adopted
the 18th Amendment prohibiting the manufacture and sale of liquor, the
last major attempt by government to legislate morality and like all
others, it failed. Contrary to popular belief, deaths from alcohol abuse
recorded by hospitals went down considerable, as did traffic accidents. 1856- Louise Blanchard
Bethune birthday - U.S. architect. She was the first professional architect
in the U.S. who was also a woman. In 1889 she was elected the first
woman member of the American Institute of Architects. http://204.168.97.3/sws/wod/lb_bethune.html http://www.fredbecker.org/News%20Letter/L%20Bethune.htm
http://ah.bfn.org/a/archs/beth/bethberk.html
http://www.distinguishedwomen.com/biographies/bethunel.html 1861-In the Battle
of Bull Run Union General Irvin McDowell was defeated by Confederate
troops led by General Joseph E. Johnston at the first Battle of Bull
Run at Manassas, VA. It was the
first major engagement of the ware.
It was during this battle that Confederate General T.J.Jackson
won the nickname “Stonewall” (by the way, the movie “Gods and Generals
is only boring, but inaccurate.) In
the second Battle of Bull Run, August 29-30,1962, Union General John
Pope was badly defeated by General Robert E. Lee. For trivia buffs, CS Col Francis Stebbins Bartow, 8th GA, killed at
1st Bull Run July 21, 1861, was the first Georgian to die in the war. On July 18, 1861, with Confederate and Union troops gathering
nearby, a Union shell dropped through the chimney of the home of Wilmer
McLean who had retired to an estate near Manassas Junction VA. When
the smoke had cleared and the first major battle of the war known as
1st Bull Run was over, McLean moved away from the war to a small quiet
area of Virginia known as Appomattox Court House. On Sunday, April 9,
1865, the war ended in McLean's parlor with the meeting of Lee and Grant
for the signing of the surrender of the Army of Northern Virginia. (lower half of : http://memory.loc.gov/ammem/today/jul21.html 1865-The New Orleans
Tribune, first daily Black newspaper, is published in English and French.
Belgian scientist Jean- Charles Houzeau became managing editor of the
New Orleans Tribune that year. Ardently sympathetic to the plight of
Louisiana’s black population and reveling in the fact that his dark
complexion led many people to assume he was black himself, Houzeau passionately
embraced his role as the Tribune’s editor and principal writer. The
paper closed on February 28, 1869. Presently the New Orleans Tribune
is a monthly newsmagazine targeted to the upscale African-American community.
Founded in 1985 by Dr. Dwight and Beverly McKenna, the Tribune has earned
a reputation as a fearless, pioneering advocate for social, economic
and political issues often ignored by the mainstream press. http://www.aaregistry.com/african_american_history/1219/The_New_Orleans_Tribune_founded http://www.neworleanstribune.com/
http://www.lsu.edu/lsupress/catalog/spring2001_books/spring2001/houzeau.html 1886- The cardinal's
hat was conferred upon Elzear Alexandre Taschereau, 66, archbishop of
Quebec. He was the first Canadian to be made a cardinal in the Catholic
Church. http://www.archiv.umontreal.ca/Galeries/Groupe/TaschereauCardinal.htm http://www.newadvent.org/cathen/14462b.htm 1896-National Association
of Colored Women founded by Mary1873 - Jesse James and his gang conducted
the first train robbery in America. At Adair, Iowa, James and company
took $3,000 from the Rock Island Express. Church Terrell in Washington ,DC http://memory.loc.gov/ammem/aap/terrell.html http://www.tnstate.edu/library/digital/terrell.htm http://www.spartacus.schoolnet.co.uk/USAnacw.htm http://www.cr.nps.gov/nr/travel/civilrights/dc2.htm http://gos.sbc.edu/t/terrellmary.html 1898- Sara Dougherty
Carter birthday - U.S. music legend. SDC, with her husband A.P., formed
the nucleus of the Carter family singing group that included cousin
Maybelle Carter (B. 05- 10-1909) and Maybelle's children (including
June Carter)as they grew up. The group disbanded in 1943. The group was responsible for the popularization of Appalachian and
folk music and was the first group to be elected to the Country Music
Hall of Fame. Much of today's country music depends on the innovative
guitar styling of Maybelle as well as Sara's slide picking. http://www.greatwar.org.nz/carter.htm http://www.artistdirect.com/music/artist/bio/0,,412598,00.html?artist=Sara+Carter http://www.bartleby.com/65/ca/CarterFam.html 1899-Birthday of
Ernest Hemingway, American short story writer and novelist born at Oak
Park, IL. Made his name with such works as The Sun Also Rises (1926),
A Farewell to Arms (1929), For Whom the Bell Tolls (1940) and The Old
Man and the Sea (1952). He was awarded the Nobel Prize in 1954 and wrote
little thereafter; he shot himself July 2, 1961, at Ketchum, ID, having
been seriously ill for some time. http://memory.loc.gov/ammem/today/jul21.html 1911-Birthday of
(Herbert) Marshall McLuhan, university professor and author, called
"the Canadian sage of the electronic age," was born at Edmonton,
Alberta, Canada. Understanding Media and The Medium is the Massage (not
to be confused with his widely quoted aphorism: "The medium is
the message"), among other books, were widely acclaimed for their
fresh view of communication. McLuhan is reported to have said: "Most
people are alive in an earlier time, but you must be alive in our own
time." He died at Toronto, Ontario, Dec 31, 1980. 1925 -Following a
sensational 12-day trial, high school biology teacher John T. Scopes
was found guilty of teaching evolution in his Dayton, TN classroom and
was fined $100. http://www.pbs.org/wgbh/amex/monkeytrial/timeline/index.html http://www.law.umkc.edu/faculty/projects/ftrials/scopes/evolut.htm http://www.law.umkc.edu/faculty/projects/ftrials/scopes/menk.htm http://www.freeessays.cc/db/26/hmd422.shtml http://www.msu.edu/course/mc/112/1920s/Scopes/ http://xroads.virginia.edu/~UG97/inherit/1925home.html 1929-birthday of
singer Helen Merrill singer New York http://www.museum.media.org/ella/carnegie/artists/merrill.html 1931-birthday of
tenor sax player Plas Johnson Donaldsville, LA http://www.plasjohnson.com/ http://www.spaceagepop.com/johnson.htm 1934-- 113ø F (45ø
C), near Gallipolis, Ohio (state record) 1943 -- "Stormy
Weather" premieres in New York City with Lena Horne, Bill "Bo
Jangles" Robinson, Fats Waller, Cab Calloway, the Nicholas Brothers,
& Katherine Dunham. A week before the premiere, Horne said of African
American actors, "All we ask is that the Negro be portrayed as
a normal person. A worker in a union meeting, a voter in the polls...or
an elected official. Perhaps I'm being naive. Perhaps these things will
never be straightened out on the screen itself, but will have to wait
until... [they're] solved in real life." http://www.reelclassics.com/Actresses/Horne/horne.htm http://www.pbs.org/wnet/americanmasters/database/horne_l.html http://www.amazon.com/exec/obidos/ASIN/B000001HKG/inktomi-musicasin-20/103-5362656-4423850
1946---Top Hits
The Gypsy - The Ink Spots They Say It’s Wonderful - Frank Sinatra Surrender - Perry Como New Spanish Two Step - Bob Wills 1949-birthday of
Modern Blues Record owner/producer Dan Jacoubovitch, Roslyn, L.I..N.Y. http://www.bluespower.com/armod.htm http://www.bluespower.com/alph.htm 1951 - The National
Association for the Advancement of Colored People protested the television
version of "Amos 'n' Andy." The NAACP called it "a gross
libel on the Negro and distortion of the truth". 1953-Birthday of
Robin Williams, comedian, actor ("Mork and Mindy," Mrs Doubtfire,
Dead Poets Society, Good Will Hunting,Good Morning, Vietnam), born Chicago,
IL. 1954---Top Hits Little Things Mean a Lot - Kitty Kallen Sh-Boom - The Crew Cuts Goodnight, Sweetheart, Goodnight - The McGuire Sisters Even Tho - Webb Pierce 1956- In a 13-6 defeat
to the Cubs, Dodger shortstop Pee Wee Reese becomes one of five active
players to collect his 2000th hit and Junior Gilliam sets a major league
record by handling 12 assists at second base. 1957 - When she won
the Women's National clay-court singles competition, Althea Gibson became
the first black woman to win a major United States tennis title 1958 - On CBS-TV,
the last installment of "Arthur Godfrey’s Talent Scouts" aired.
Many artists owed their starts to "Talent Scouts," including
Tony Bennett, Pat Boone, The McGuire Sisters and a singer named Connie
Francis; who not only sang, but played the accordion. 1962---Top Hits Roses are Red - Bobby Vinton The Wah Watusi - The Orlons Johnny Get Angry - Joanie Sommers Wolverton Mountain - Claude King 1963- The usually
mild-mannered Dodger manager Walter Alston is thrown out of both games
of a doubleheader as the Braves sweep a twin bill for the first and
only time in Milwaukee, 7-2 and 13-7. To make matters worse, the Los
Angeles skipper has beer thrown in his face by a hometown fan as he
leaves the second game. 1968-Arnold Palmer
became the first golfer to surpass the $1 million mark in career earnings
despite losing the PGA championship to Julius Boros by one stroke. 1969 - One day after
Neil Armstrong stepped onto the moon, on ABC-TV Duke Ellington and some
of his band performed a 10-minute composition titled, "Moon Maiden."
The tune featured piano, drums, bass and vocals. 1970---Top Hits Mama Told Me (Not to Come) - Three Dog Night (They Long to Be) Close to You - Carpenters Band of Gold - Freda Payne He Loves Me All the Way - Tammy Wynette1972 -- George Carlin
charged with disorderly conduct & profanity after performing his
famous "7 Words" routine at Summerfest in Milwaukee. 1973 - Jim Croce
got his first big hit when "Bad, Bad Leroy Brown" reached
#1 on the "Billboard" pop-singles chart. Two months later
on September 20, 1973, Croce died in a plane crash. 1975-Felix Millan
of the1968-Brandi Chastain birthday, soccer player born right here in
San Jose, California where women take off their shirt all the time when
hot. 1975- New York Mets
got four singles, but each time he was erased from the base paths as
teammate Joe Torre grounded into four double plays. The Mets lost to
the Houston Astros, 6-2. 1978---Top Hits Shadow Dancing - Andy Gibb Baker Street - Gerry Rafferty Miss You - The Rolling Stones Only One Love in My Life - Ronnie Milsap 1979-Seneca Falls,
NY. Founded to honor American women whose contributions "have been
of the greatest value in the development of their country" and
located in the community known as the "birthplace of women's rights,"
where the first Women's Suffrage Movement convention was held in 1848,
the Hall of Fame was dedicated with 23 inductees. Earlier National Women's
Hall of Fame, honoring "Twenty Outstanding women of the Twentieth
Century," was dedicated at New York World's Fair, on May 27, 1965. 1984-The first reported
killing of a human by a robot occurred at Jackson, MI. A robot turned
and caught a 34-year-old worker between it and a safety bar, crushing
him. He died of the injuries July 26, 1984. According to the National
Institute for Occupational Safety and Health, it was "the first
documented case of a robot-related fatality in the US." 1985-John Henry,
the greatest money winner in thoroughbred racing history, was retired
after earning $6,597,947. John
Henry started 83 races and won 39 times. 1986---Top Hits Invisible Touch - Genesis Sledgehammer - Peter Gabriel Nasty - Janet Jackson Until I Met You - Judy Rodman 1988- The Red Sox
suspend Jim Rice for three days for shoving manager Joe Morgan. The
Boston outfielder became upset when the skipper pinch-hit for him using
the light-hitting shortstop Spike Owen. 1996-Gretzy signs
with the Rangers: after playing less than half a season with the St.
Louis Blues, the team to which he had been traded from the Los Angeles
Kings, center Wayne Gretzky signed a 2-year contract with the New York
Rangers estimated to be worth $4 million per year plus incentives. Gretzky
earned his money and defied those who thought he was too old and fragile
to play regularly any more. He played every one of the Rangers’ games
and finished fourth in the league in scoring. 1997-Executive officer
of a man-of-war w3ho was a woman was Lieutenant Commander Claire V.
Bloom, who served as the executive officer of the frigate U.S.S. Constitution,
the flagship of the Navy, during the 200th anniversary voyage
that began in Marblehead, MA. 2000 -Thanks to Harold
Baines' four hits, the Orioles halt its 20-game Canadian losing streak
defeating the Blue Jays, 9-5. It is Baltimore's first victory north
of the border since June 13, 1998. --------------------------------------------------------------------------------------------------------
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