 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
About
the Company: Bank
of Blue Valley is a locally owned community bank with $600 million
in assets. We are one of the leaders in the Kansas City financial
community. Our bank offers true community banking with services, |
.jpg)
Monday,
July 12,,2004
Headlines---
Balboa
Capital---Alive and Well
Archives---July
10, 2000 Leasing News Goes
“On Line”
NorVergence
Up-Date--$100 Million
"Will
House Vote Snag SBA Revamp?"
Jurassic
Lessors Association Launches New Dallas Chapter
Huntington
Equip. Finance Small Business Leasing
Fastest
Growing Leasing Company Hires Joe Graziano
LEAF
names James V. Messina V/P Sales/Leasing.
GE
Reports 2nd Qt Earnings of $3.9 Billion with 11% Revenue
July 10th was our “On Line” four year anniversary for
We were an “occasional”
newsletter for ten years, growing by word of
mouth, incorporated,
chose an advisory board, then went
on line. It is our readers who give us the information,
and you
will see it hear
first before it hits the large newspapers, plus
information that
never does as it pertains specifically newsworthy
to the leasing industry
alone.
See “From our
Archives” below.
Kit Menkin, Editor/Publisher
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads---Credit
“Thanks for the update.
You can remove my listing from the website.
Many thanks to you, for I received numerous opportunities from
the posting.
“Your sight has provided
me with important information over the years.
Keep up the great work. As
for words of advise... Just be prepared when opportunity comes knocking.
Like many of us, it may take several months, (sometimes over a year)
to find an good opportunity. Do
not let the good ones pass.”
Brian
McGivern
Credit
Credit: Atlanta, GA. VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment leasing. Strong financial analysis and management skills. Experience developing and maintaining profitable customer/vendor relationships.
Email: credops@msn.com
Credit: Atlanta,
GA.
Senior Credit Officer
in middle-market equip. finance, vendor, 3rd party, specialty, flow
credit to the fortune 1000. Team builder, originations capable, strong
work ethic, ability to multi-task.
Email: kyletrust@hotmail.com
Credit: Atlanta,
GA.
10 yrs experience
in
credit/collections/recovery/documentation
in the leasing industry. P&L responsibility, team builder &
strong portfolio mgnt skills.
email: mortimerga@adelphia.net
Credit: Boston
Ma.
Challenging position where my skills, professional experience, organization, leadership, strategic thinking, creativity, energy, passion, competitive nature will enable me to define opportunities and personal development.
Email: bernd.janet@verizon.net
Credit: Corona,
CA.
VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If you are looking for someone to affect the bottom line I am that person. Will relocate.
Email: amosca2000@yahoo.com
Credit: Danbury,
CT.
Skilled in team building,
management & training. Seasoned credit, portfolio and risk management
professional. Experienced
in developing, implementing
underwriting, portfolio management policies & procedures. email:
vgjmoro@aol.com
Credit/Documentation:
Fort Lee NJ
3 Years Experience. Looking in NJ/NY.
Email: angitravis@mail.com
Credit: Los
Angeles, CA
Over 15 years experience in Credit/Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders.
Email: jonbh123@earthlink.net
Credit: Mill
Valley, CA
Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise.
Email: nywb@aol.com
Credit: New
Jersey, NJ
Credit Analyst with
10+ years experience in small-ticket lending up to $500,000. Experience
with both vendor-direct and with brokers.
Email: b.leavy@worldnet.att.net
Credit: New
York, NY
3+ years of leasing credit / contracts experience. Currently in the leasing industry and moving to NY! Exp. working at both funding source and broker.
Email: lease4you@mail.com
Credit: New
York, NY.
V.P. Credit & Collections w/23 years exp.looking for a situation where I can utilize my varied & extensive knowledge of credit/ collections/risk-management & leasing.
Email: rcouzzi@yahoo.com
Credit: Phoenix,
AZ.
Credit/Leasing Manager- 8 years underwriting. Proven performer, strong negotiator and sales support. Worked with the best- Randy Schiell, Chuck Brazier, Jim Lahti. Contact: Elizabeth Rose (480)510-7434
Email: ravenfinance@aol.com
Credit: San Francisco, CA. 10+ years Credit Analyst experience underwriting for a direct lessor, regional bank and vendor leasing company. Have CLP and will make decisions
( won't rely on a FICO score for enlightenment.)
Email: pmtorres1@yahoo.com
Credit Manager:
Westlake, OH
7+ years Credit/Underwriting
experience Comp lit. Please email me for copy of job description at
mgallo@comfingrp.com
full listing of all classified ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
Bob
Gascon Passes Away
Read in this morning
Orange County Register's obituaries the following:
"Robert C. "Bob"
Gascon, age 52 a Sales Manager for Aetna Capital,
resident of Anaheim,
passed away Tuesday July 6. He
is survived by his parents, George and Gertrude Gascon, his sister and
her husband Josette and Antony Pettegrow. and a very special nephew
and friend, Warren Pettegrow. A Memorial gathering will be held between 1:00-
3:00 PM Sunday (July 11) at Bob's home, 900 N. Harbor Blvd, Anaheim."
We have been funding
deal with Aetna since the mid 80's.
Bob was their marketing force and had a great dry sense of humor. For the people who knew him and worked with
him, he will be greatly missed.
Thanks
Steve Reid, CLP
VP Marketing, Leasing
Division
Santa Barbara Bank
& Trust
2230 W. Chapman Ave
#200
Orange, Ca 92868
800-700-9858
714-938-0288 (fax)
email: reidst@sbbt.com
Economic
Events This Week
July
13
Tuesday
Balance of Trade:
May
Federal Budget: June
July
14
Wednesday
Retail Sales: June
July
15
Thursday
Inventory-Sales Ratio:
May
Producer Prices:
June
Industrial Production:
June
Capacity Utilization:
June
Weekly Jobless Claims
July
16
Friday
Consumer Price Index:
June
---------------------------------------------------------------------
Balboa
Capital---Alive and Well
Despite recent criticisms
being circulated on the gossip e-mails,
the new broker program
under Curt Lysne is doing very well.
Volume continues
to increase and up to 25 brokers are sending
in “good business.” Plans are to expand the network as new
channels of communication
are now in line with Patrick Byrne
100% “owner and operator.”
Divisions and department
heads are receiving more authority,
and the direct sales
department has taken the challenge to
increase business
as the broker division is gearing up to
improve its volume. In fact, Lynse has been holding back
signing up new brokers
as word is out not only about rates
but types of equipment,
partial funding, pre-funding, and a
whole new bag of
abilities as Balboa Capital has plenty of
their own money.
--------------------------------------------------------------------------
From
our Archives---July 10, 2000 Leasing
News Goes “On Line”
http://two.leasingnews.org/archives/July/7-10-00.htm
Leasing News is now
available on www.leasingnews.org
You will find a "Bulletin
Board" and "The List" plus a calendar, links, archives
and other features to follow.
Anyone can receive
a copy of Leasing News by e-mail just by requesting. We don't add anyone,
unless they specifically request (no spam ).
Here are the original
Editorial Advisory Members.
Bob Baker, Wildwood
Financial
Phil Dushay, Global
Leasing
Mike Graneri, Graneri
and Associates
Ken Greene, Attorney
Bob Rodi, LeaseNow
Bob Teichman, Teichman
& Associates
Andrew Thorn, Thalman
Finance
Rob Yohe, Yohe and
Associates
" I feel that
what you are proposing will be very useful to brokers and funders."
Steve Crane, Bank
of the West
" I have been following your newsletters and
really find them informative. As a matter of fact I look forward to
them. If you feel someone on the east coast could help, you can count
on me."
Phil Dushay, Global
Leasing
"I will help you in any way I can."
Andy Thorn, Thalman
Financial
" I'm for anything to improve the industry. I
would like to see all of us in the business, Brokers, Lessors, Funders
and everyone else in the industry get along better."
Roy Yohe, Lease Consultant
" I think your newsletter is an important to
the industry."
Bob Baker, Wildwood
Financial
" This may be an opportunity for people who are
either members of different associations or who are not affiliated with
any to come together to find a solution ( to fraud and unprofessional
conduct ). An industry-wide Code of Ethics is critical. "
Bob Teichman, Teichman
Financial Training
" I think that we may be able to do some things
that the associations cannot. I will always be on board for anything
that promotes our industry, raises standards and preserves our livelihood.
I also feel that this effort will have a lot of credibility because
there is no profit motivation."
Bob Rodi, LeaseNow
" I hope that I am able to make a positive contribution."
Ken Greene, Attorney
I have asked others
to join this group to help me with policy, strengthen the mission, and
give input to the direction of the web site. We have no plan for banners,
advertisements, and want to keep it strictly unbiased, free, and helpful
to our profession.
Leasing News Current
Advisory Board:
|
Leasing
News
|
|
|
Advisory
Board
|
|
| Bob Baker, CLP. | Wildwood Financial Group, Ellisville, Missouri |
| Edward Castagna | Nassau Asset Management, Roslyn Heights, NY. |
| Steve Crane | Bank of the West, Walnut Creek, CA. |
| Phil Dushay | Global Financial Services, Manhattan, NY. |
| Ken Greene, Esq. | Larkspur, California |
| Dan Janal | Great Teleseminars, Shorewood, Minnesota |
| Theresa M. Kabot, CLP | Kabot Commercial Leasing, Seattle, WA. |
| Robert S. Kieve | Empire Bradcasting, San Jose, CA. |
| Bruce Kropschot | Kropschot Financial Services, Vero Beach, FL. |
| Fred St. Laurent | Z Resource Group, Atlanta, GA. |
| Andrew Lea, M.A. | McCue Systems, Inc. Burlingame, CA. |
| Armon L. Mills, CPA | San Diego Business Journal, San Diego, CA. |
| Steve Reid, CLP | Santa Barbara Bank & Trust, Santa Barbara, CA. |
| Bob Teichman, CLP | Teichman Financial Training, Sausalito, CA. |
| Paul B. Weiss | ICON Securities, New York, N.Y./San Francisco, CA. |
| Ginny Young | Brava Capital, Orange, CA. |
|
Publisher/Editor
|
|
| Christopher "Kit" Menkin | |
-------------------------------------------------------------------------------
NorVergence
Up-Date--$100 Million
by Christopher Menkin
Leasing News presented
the Chapter 7 bankruptcy documents
in its last issue, stating Chapter 11 was next. Last week Bankruptcy
Court hearing in Newark Jersey their attorney Bruce Buechler said NorVergence
"is going to be a Chapter 11 case in a matter of days." He
said they were being pushed into full dissolution and not
re-organization due
to mounting pressure from creditors. He also told the judge the company
“... has fired "90-plus percent" of its staff and needs time
to reorganize.
NorVergence did acknowledge
in court owing $30 million, which does not include any contingent liability
they may have regarding leases they have discounted or sold to banks
and other financial institutions. Should
the servicing discontinue or telephone companies turn the lines off,
the banks and financial institutions also may have claims against NorVergence
which may reach into $100 million dollars. How it can survive without
the ability to lay off its leasing contracts to gullible third parties
is not known.
Meanwhile asset back
journals are reporting to their subscribers how it
really happened,
and what to look out for.
Here are three of the latest reports:
The first, from the
“New Jersey Star-Ledger:”
Judge Rosemary Gambardella
gave NorVergence until 10 a.m. Wednesday, when another hearing is scheduled,
to address how it will tackle mounting debts and pending Chapter 11
status.
Lawyers for Denver-based
Qwest, which is owed $15 million by NorVergence acknowledged receiving
$1.1 million from the company shortly before the hearing. But Qwest's
lawyer, Jack Zackin, said the telecom giant needed to be paid in full.
NorVergence's attorneys
and some of its other creditors argued that granting Qwest's motion
to end its agreement would doom NorVergence. It would also allow Qwest
to terminate service to thousands of NorVergence customers without warning.
In addition to Quest,
Sprint and T-Mobile are among the $30 millions that
NorVergence acknowledged
in court that it owes.
In addition to representatives
from some of NorVergence's creditors, approximately 20 former employees
came to yesterday's hearing. Dressed casually, a handful of the employees
complained about bounced and missing paychecks.
"I hear these
large companies throwing out large numbers out there," said Charles
Brown, a former employee. "I just want what is owed to me."
It was reported Peter
Salzano, NorVergence's chief executive, showed no emotion during the
hearing. As former employees spoke, Salzano sat stone-faced behind Buechler,
his hands crossed and his head cocked to the left.
He had no comment
after the proceedings.
Employees have been
making known their feelings on the New Jersey Channel 11
web site.
Qwest Communications
continues to seek its attempt to sever its ties with NorVergence. Had
the Denver-based company succeeded, many of the services NorVergence
provides would no longer be active, which would have resulted in lost
service for NorVergence's customers.
Judge Rosemary Gambardella
gave NorVergence until 10 a.m. this Wednesday, when another hearing
is scheduled, to address how it will tackle mounting debts and pending
Chapter 11 status.
Meanwhile, those
who have purchased leases from NorVergence have stated they will not
be buying any more contracts, leading NorVergence in a “catch 22” position
of not being able to generate new revenues, thus not being able to forestall
a Chapter 11 proceeding, which Leasing News predicted in the first reporting
of the story.
(please see remarks
from readers in our eMail, which we have been receiving similar ones
for almost two years. editor)
The Telecom Agents Association:
“Fax TAA Information
About Your Equipment Leasing Company Are you a Norvergence customer
wondering about the status of your equipment lease? TAA is assisting
several attorneys look into the validity of the leases in light of Norvergence's
financial challenges. Please fax to TAA at 909-494-4257 the identity
and contact information of your leasing company. Please include any
notes about anything that seems peculiar to you about how the lease
was transferred from Norvergence to the leasing company.”
To learn more, you
should join “free” the Telecom Agents Association.
They believe information they disseminate should go to members
and thus they avoid general liabilities for their opinions:
http://www.telecomagent.org/index.htm
The third: Asset-Backed Alert ( www.ABAAlert.com) gives their industry view
point,
and the story is
very interesting to read:
Telecom Firm’s Bankruptcy
Nixes Offering
A Brecksville, Ohio,
equipment lender indefinitely postponed its debut securitization last
week, after learning that a troubled client had tainted the collateral
pool.
Preferred Capital was about to float its Rule-144A offering when it
found out that Newark, N.J., telecommunications outfit NorVergence
was being forced into Chapter 11 bankruptcy protection by three creditors.
A third of the collateral for Preferred Capital’s deal consisted of
loans that it wrote to finance NorVergence then sold the equipment to
small-and mid-sized corporate customers.
Preferred Capital would have used proceeds from the securitization
to pay off a warehouse line form Huntington Bank.
Five-year-old NorVergence sold its equipment packages at discounted
prices – in hopes that it could drum enough business so that manufacturers
and telecommunications carriers would eventually drop their prices.
Ultimately, that belief turned out to be wrong. Over the past year,
the company became involved in lawsuits with more than a dozen creditors.
NorVergence’s troubles came to a head on June 30, when Popular Leasing,
ALFA Financial division OFC Capital and Partners Equity
Capital petitioned a New Jersey bankruptcy court to place it in
involuntary bankruptcy. NorVergence has 30 days to dispute the request.
Preferred Capital does not appeared to be involved in any of
the actions against NorVergence, which laid off most of its employees
last week.
Sources said it’s likely that other term securitizations and
commercial-paper conduit issues contain some loans to NorVergence and
its vendors and suppliers, although not in large enough quantities to
affect any deal’s credit-enhancement levels. All told, those credits
probably total less that $150 million. The volume and status of payments
owed to Preferred Capital could not be learned.
The cancellation of Preferred Capital’s deal comes at a time
when the market for equipment-related bonds is in the dumps, largely
because of the DVI Financial scandal. Lenders that rely on securitization
are responding by tightening their credit standards or fleeing the market
altogether, and investors aren’t showing much demand for the issues
that do make it to the market.
-------------------------------------------------------------------------------
Classified
Ads---Help Wanted
Account
Executive
|
About
the Company: Bank
of Blue Valley is a locally owned community bank with $600 million
in assets. We are one of the leaders in the Kansas City financial
community. Our bank offers true community banking with services, |
Business
Development Office
|
Business Development Officer,leasing exp.,min 3 yrs business & direct sales exp. Banking procedure knowledge helpful. Gilroy, CA location, serving four surrounding counties. E-mail valdezd@1stnational.com or see Career Opportunities www.pcbancorp.com About the Company: Pacific Capital Bancorp is a $5+ billion, multi-bank holding company dedicated to providing an enduring network of community banks on the Central Coast of California. This unique partnership of independent banks provides customers in six California counties with the financial strength and product diversity of a big bank, delivered with the responsiveness and personalized attention of a local community bank. |
Marketing
Indirect Origination
 MARKETING INDIRECT ORIGINATION: New York. One of the largest ind. equip.lessors needs motivated, self-starter to purchase single investor leases from institutional investors; min.transaction $1 million; portfolio of primarily investment grade lessees/good "story credits". Min 3 yrs exp. sourcing/ originating leasing transactions, knowledge of credit and pricing. E-mail: jobposting1@leasingnews.org |
Sales
|
About the Company: www.odysseyequipfinance.com |
|
About
the Company: |
Sales: Established 20-year
full service lessor seeks sales professional in small or mid ticket
markets. Earn high commissions, with benefits.
Specialist
|
Port Leasing Sales Officer - Port of Long Beach:
conducts/oversees negotiations for leases, permits, property acquisition;
prepares lease proposals; negotiates prop. acquisition; neg. lease
agreements with new/existing tenants; develops financial info.
to analyze lease proposals. College degree expected. Contact:
Stuart Satow, CPS Executive Search 916-263-1401,
ssatow@cps.ca.gov
Recruitment brochure |
----------------------------------------------------------------------------
Letters---We
get Email
“I would like to
thank you for your help in getting my money back.
I don’t believe I would have been as successful without you.
“I would like to
mention that I have been contacted by 3 other “victims” of Union Capital! At least one of them did benefit from reading
leasing news and your article about them. I am still working on getting my $750. they decided that they earned!!!!
I have contacted the Better Business Bureau to file my complaint
and am waiting for a response.
“Thank you, Kit for
your help and support.”
Sincerely,
Kathy Douke
Precision Concrete
Pumping
--
“I have received
calls from other attorneys and from brokers. They are reading your paper and responding - I will share
everything with them.
“Enclosed is a depo
transcript from Darren Finestone, formerly with Crocker Capital.
People threatened over Crocker leases would want a copy.
http://www.two.leasingnews.org/loose_files/fineston.htm
“I think this may
be interesting as well as helpful to many people in the fight against
Wells. Please refer any parties interested to me with
the same contact information as last time.”
http://www.two.leasingnews.org/loose_files/Fax.pdf
Best regards,
Dale Washington
dalewashington58@hotmail.com
---
NorVergence---
“This will be an
interesting story from several fronts.
One will be the 2A ramifications and how hell-or-high-water the
leases really are. Robert Fine
made a lot of sales calls to lessors to find funding sources and explained
the program. (This isn't a derogatory comment about Fine).
He was up-front about the financing and how a lot of things were
wrapped in. While I was at *******l
we looked at the program during a EAEL-New England networking event
-- for maybe 3 minutes. It was
pretty clear the box wasn't worth the lease value and services were
part of the deal. If the savings didn't appear companies would
switch service providers and punt that 'lil black box. If all lessors understood that fact there might
be a hole through 2A protection and further, having knowledge of all
of that might impact whether the funding sources are really 3rd party
bona-fide purchasers for value or whether rights exist as the sources
likely understood what the bundles of financed assets were (a mysterious
black box with years of tel-com services wrapped in).
If a lessee proves this was merely financing to NorVergence with
the contracts as collateral...
“I suggested to our
attorneys to watch this unfold on Leasing News.”
( name with held
)
--
“I heard that Wells
Fargo Financial Leasing, CIT , US Bancorp, and US
Express Leasing all got burned on the NorVergence scandal. We turned them down, but they presented who
they had been using with numbers. They claimed to have over 10,000 customers.”
(Name With Held )
“NorVergence Capital,
LLC (NC) is a wholly owned subsidiary
of NorVergence, as stated in their
marketing material, to finance the NorVergence products. They
were private label contracts, that they warehoused and then assigned to a third-party at a later date.
“Qwest, along with
two other carriers, were pressing for payments, which they were not
receiving as evidenced by the shut-down in June.
The actual filing of the three creditors was not only to protect
their own interest but to stop Qwest from turning off their services. Qwest is not only owed a lot of money, but they claim they should
be participating in the income streams as they are keeping
the service running
while the creditors are collecting their lease payments.
“Whether Quest continues
the monthly service or does not, it appears the lessees are obligated
to make payments per the lease agreements assigned to creditors. The
real problem in this house of cards is that NorVergence made most of
its revenues not from selling telecom services, but from Bob Fine’s
sale of equipment leases to banks, leasing
and finance companies, as your readers have been trying to tell
you in the complaints
your published.”
( Name With Held )
---
MicroShop has been
a Norvergence customer since 4/29/03.
Since then:
1. our cell phones have been disconnected five times by AT&T
wireless because Norvergence wasn't paying the bills
2. without warning, Norvergence switched carriers on one of our phones
from AT&T wireless to T-Mobile - leaving my employee without a working
phone on a trip
3. we have had two collection agencies contact us to try to get bills
paid that were the responsibility of Norvergence
4. the leasing company is charging us insurance on the entire $16000
lease - even thought
the replacement cost of the "matrix box" (actually a WatchGuard
SOHO 6 router) is only $300. Most
would consider that to be insurance fraud.
Imagine insuring a $20,000 car for $1,000,000.
We have filed a complaint with the BBB, the NJ Board of Public Utilities,
and the NJ Attorney Generals Office.
We have also contacted CBS News in New York to do a "Shame
on You" feature. Anyone
in the NY/NJ/CT area that is interested in sharing your experience with
Norvergence, please contact me.
These are the facts. You
can make your decision accordingly, but I think the more you research
the company, the less likely you will be to sign a contract.
Name = MicroShop
Systems
Address = 104 Mine
Brook Rd
City = Bernardsville
State = NJ
Zipcode = 07924
Phone =
Fax =
Email
= dave@mshop.com
--
“Is it really true
that Orange County has a bad rap (see Genesis story 7/6/04)? Are all leasing companies in Orange County
bad? Our company has operated
in Orange County since 1983 and have never had a customer complaint
that was not resolved to the customer's satisfaction (perhaps because
we do not take commitment fees). I
have met many of my peers in Orange County who are also very reputable.
“Perhaps a sweeping
indictment of an entire region is not valid and unfair bad publicity
to those of us who strive for the highest ethical standards.”
(name with held )
(We didn’t say that,
readers are saying that, including vendors
who write they are
leery about doing business with any leasing
company in Orange
County. At one time, Florida
was getting
the bad rap, but
it looks like it has changed. editor )
---
Selling Up
“Our mission is to
help organizations of all sizes improve sales effectiveness. We provide
strategic sales processes, tools, sales training and management workshops
that drive performance through enhanced skills and behavioral change.
“Our clients include
Fortune 1000 companies as well as independent businesses representing
a wide range of industries including Banking and Financial Services,
Communications, Energy, Healthcare, Industrial and Chemical, Insurance,
Manufacturing and Technology.
“Your industry experience,
and our sales process and sales management expertise, can equal World
Class Sales for your organization.”
Steve Chriest
schriest@selling-up.com
(formerly of Signature
Leasing)
http://www.two.leasingnews.org/loose_files/pdf_july_journal.pdf
---
“Do you want to see where Leasing News
stands in the search engines, please go here:”
http://roquefort.di.unipi.it/comparison.html
Jeffrey Taylor
(Wow.
If any reader wants to know where their website pages appear
on search engines, this is a great program.
Leasing News Alerts and
Bulletin Board Complaint are in the top
five of most of the search
engines!!!
-------------------------------------------------------------------------------
"Will
House Vote Snag SBA Revamp?"
American
Banker Weekly Magazine
In a rejection of
Small Business Administration (SBA) leader Hector V. Barreto's budget
proposal, the full House voted last week to allocate an additional $79.1
million to the SBA budget.
The decision represents
a setback for Barreto and the Bush administration's plan to make the
SBA and its popular 7(a) loan program less dependent on congressional
funding and to run the agency more like a business. Since his appointment
as head of the agency three years ago, Barreto has streamlined SBA procedures
and centralized its operations. However, his attempts at lowering the
average 7(a) loan size, increasing lender fees, and cutting back on
local staff have met with opposition from some lawmakers and lenders
who say his plan would make the program less attractive to both lenders
and borrowers.
SBA loan guarantees
have risen to record numbers in recent years due to increasing demand
from women and minorities and growing interest in the new SBA Express
program, which now accounts for over half of all 7(a) loans.
In an attempt to meet this demand and provide loans to a greater
number of businesses, Barreto has lowered the average 7(a) loan size
from $167,000 in fiscal 2003 to $157,000 during the current fiscal year.
Barreto's proposal to lower the SBA's budget in the next fiscal year
and eliminate its annual credit subsidy was designed to make SBA funding
more consistent, but opponents have argued that by increasing fees for
lenders and borrowers the plan would have decreased interest in the
7(a) program. In addition, lenders are expressing their opposition to
Barreto's plan to cut expert staff from district offices.
**** announcement
**************************************
Jurassic Lessors Association Launches New Dallas Chapter -
Inaugural
meeting (cocktails) set for July 29th
Yes friends, you're
in the company of greatness when you stand in the presence of these
unsung (not to be confused with high strung) heroes of the equipment
leasing industry, the members of the JURASSIC LESSORS ASSOCIATION.
The Jurassic Lessors
Association
Greatness, Brilliance
& Genius Unequaled
Contact Us
http://www.lessors.com/JLA/dallas/home.html
JLA Profile
Atlanta Chapter
http://www.lessors.com/JLA/atlanta/home.html
Chicago Chapter
http://www.lessors.com/JLA/chicago/home.html
Dallas Chapter
http://www.lessors.com/JLA/dallas/home.html
About The Jurassic
Lessors Association
(Ju.ras.sic - Of,
belonging to, or designating the time and deposits
of the second period
of the Mesozoic era, characterized by the
existence of dinosaurs
and the appearance of primitive mammals)
OVERVIEW - Among
other more socially accepted endeavors, the Jurassic Lessors Association
(JLA) is dedicated to the pursuit of ego protection and enhancement
for those men and women (identified by the JLA Executive Committee)
who are single-handedly responsible (e.g., JLA members) for the equipment
leasing & finance industry, as we know it today. These "masters
of the universe" (again, JLA members) built and continue to manage
the leasing industry's phenomenal growth with greatness, brilliance
and genius. Proving no sacrifice (livers and/or marriages) to great,
JLA members have willingly spent physical, mental and emotional capital
(employer's expense accounts, etc.) enduring endless days/nights of
legendary "one on one" negotiations (golf, drinking, dancing,
dinning, etc.) while away from loved ones (wives/husbands, girl/boy
friends) often under deplorable working conditions (e.g., four star
hotels, private country clubs and dimly lit taverns).
Yes friends, you're
in the company of greatness when you stand in the presence of these
unsung (not to be confused with high strung) heroes of the equipment
leasing industry, the members of the JURASSIC LESSORS ASSOCIATION.
MISSION STATEMENT
- To enjoy the rewards (golf, drinking and story telling) of countless
years of networking (golf, drinking and story telling) with fellow professionals
(often referred to as those "competitive *#!@#" in the leasing
industry through fellowship (more golf, drinking and story telling)
with our brother and sister lessor/broker/packager/consultant/arrangers,
etc. ("Icons"), surviving inimitable employer suppression
of intelligence, while using exemplary skills in securing our lessor's
yield commensurate with lessee's risk (not to mention our astounding
ability to distinguish wonderfully aged liquor, and beautiful women/men
(pick one) at 2 am).
MEMBERSHIP - While
"Charter Membership" was only available to those persons having
attended the first JLA meeting in Atlanta, new applicants wishing to
join this prestigious group of necromancers (nec.ro.man.cy - The practice
of communicating with the spirits in order to predict the future) are
invited to submit their application via the appropriate "JLA Chapter"
link above. (For information about starting a JLA Chapter in your area,
Contact JLA.) Membership applications will be evaluated pursuant to
the following:
APPLICATION/LIBATION
FEE - Applicants are required to pay a bar tab in excess of $100 where
at least two slightly inebriated yet non-incarcerated (at the time of
application) JLA Chapter Members in good standing (or that can stand
good) are in attendance.
SPONSORSHIP - Verbal
sponsorship by at least one of the two JLA Chapter Members attesting,
in detail, as to applicant's past irreverent behavior, intolerance to
ice poisoning (bad beverages), exaggerated exploits with the opposite
sex (names, phone numbers and pictures of female participants will guarantee
applicant's immediate approval) and unquestionable commitment to the
JLA (e.g., can they pay the required application/libation fee?).
TENURE - Sworn testimony
by one JLA Chapter Member as to the number of years (decades) applicant
has served (suffered in ) our industry. Testimony may be documented
with a copy of applicant's baby picture (no male nudes please). Pictures
submitted in color will be grounds for automatic rejection (applicant
obviously to young) of applicant's application in which case the application/libation
fee will be immediately forfeited to the JLA Executive Committee.
(Any applicant caught
reading this without the benefit of reading glasses
will be automatically
disqualified and the application/libation fee forfeited.)
THE JURASSIC LESSORS
ASSOCIATION EXECUTIVE COMMITTEE
Chairman | John O.
Semon | Email - John@lessors.com
President | Mike
Shivers | Email - Mike@lessors.com
After over 30 years
in the equipment leasing business, John Semon and Mike Shivers were
discussing over cocktails one evening about how many people they knew
in the industry in the Atlanta area. The problem was that while both
knew the same names of leasing professionals, seldom had either actually
met most of these people face-to-face.
They decided to begin
hosting a monthly meeting over cocktails at a local tavern for leasing
professionals to gather and socialize. Great fun has been the results
as old friends now can get together on a regular schedule and at John's
and Mike's age, anything that is regular is good!
For information about
starting a JLA Chapter in your area, Contact Us.
Semon@lessors.com
Copyright 1998 –
JOS
**** Announcement
**************************************
#### Press Release
#############################
Huntington Equipment Finance Introduces Small Business Leasing Program,
Adds
Four Sales Executives
COLUMBUS, Ohio, -- Huntington
Equipment Finance, a
division of Huntington
National Bank, is introducing Small Business Leasing, a program providing
small business owners with an avenue to invest in the expansion of their
business through the leasing of capital equipment. The new program expands
upon Huntington's current program by serving the financing needs of
smaller businesses and organizations.
"To be able to compete successfully, small businesses must
have access to the most current equipment and technology," said
Rob Allanson, president of Huntington Equipment Finance. "But,
purchasing this equipment can be very expensive and can disrupt the
flow of working capital. Working with Huntington Equipment Finance,
companies can lease their equipment to conserve capital
that can then be
used more efficiently to grow their business."
To service its Small Business Leasing customers, Huntington Equipment
Finance is adding four sales executives to its team. Joel Arnold will
serve clients in Huntington's Central Ohio region, while Dale Lenzer,
Alicia Malinowski, and George Ziegler will dedicate their time to customers
in the Northern Ohio, East Michigan, and Southern Ohio/Kentucky regions
respectively.
"We believe in the importance of local decision making. We're
pleased to have added such a strong group of experienced professionals
to serve our customers," added Allanson.
Launched in late 2001, Huntington Equipment Finance has grown
its assets under management to more than $300 million. Huntington Equipment
Finance specializes in securing leasing options for customers allowing
them to grow their businesses with new equipment, while reducing the
cash flow restraints commonly associated with capital equipment and
expansion. Huntington Equipment Finance now provides equipment financing
packages to small business customers throughout Indiana, Kentucky, Michigan,
Ohio and West Virginia.
About Huntington Equipment Finance
Huntington Equipment Finance is a division of The Huntington National
Bank, the principal subsidiary of Huntington Bancshares Incorporated
(Nasdaq: HBAN), a $31 billion regional bank holding company headquartered
in Columbus, Ohio.
Through its affiliated companies, Huntington has more than 138
years of serving the financial needs of its customers. Huntington provides
innovative retail and commercial financial products and services through
more than 300 regional banking offices in Indiana, Kentucky, Michigan,
Ohio and West Virginia. Huntington also offers retail and commercial
financial services online at ttp://www.huntington.com ; through its
technologically advanced,
24-hour telephone
bank; and through its network of nearly 700 ATMs.
Selected financial service activities are also conducted in other
states including:
Dealer Sales offices
in Florida, Georgia, Tennessee, Pennsylvania and Arizona; Private Financial
Group offices in Florida; and Mortgage Banking offices in Florida, Maryland
and New Jersey. International banking services are made available through
the headquarters office in Columbus and additional offices located in
the Cayman Islands and Hong Kong.
SOURCE Huntington
National Bank
Web Site: http://www.huntington.com
### Press Release
##############################
Fastest
Growing Leasing Company Hires Joe Graziano
Wayne, NJ—Leasing
Partners Capital, Inc., the fastest growing leasing company in the U.S.,
has engaged a well known Sales Trainer and Lead Generation specialist
to help facilitate its growth.
Joe Graziano is training
and coaching our Database Managers on their Selling skills. In addition, he is developing our company's
e-newsletter and other lead generation vehicles. Joe likes to say, "I work with business owners who want a steady
flow of new leads and salespeople who want to double their income.” And he’s not kidding.
Joe is a former Dale
Carnegie Course instructor, a professional member of the National Speakers
Association and is Past President of the New York Metro Chapter of the
National Speakers Association.
Joe is widely recognized
and sought after as a speaker to corporate audiences across the country. His clients’ today range from Fortune 500 companies
to small and medium sized businesses.
Joe is co-author
of the Selling Smart Sales Seminars with Sherwood Consultants, LLC and
authored the booklet “Proceed Until Apprehended…Overcoming Your Fear
of Selling!”
Leasing Partners
Capital, Inc. (LPC) is a small to lower-middle-market equipment leasing
company working with vendors and end users, headquartered in Wayne,
NJ. LPC currently has offices in Naples, FL, Louisville,
KY, Atlanta, GA, Pittsburgh, PA, Minneapolis, MN, Houston, TX, San Francisco,
CA, St. Louis, MO, Boston, MA, Detroit, MI, Seattle, WA, Vero Beach,
FL and Litchfield, NH.
For additional information
or questions about LPC, contact Bruce Larsen, National Sales Manager,
877-333-5864 or email him at blarsen@leasingpartnerscapital.com, or
check out their web site @ www.leasingpartnerscapital.com.
Bruce Larsen
National Sales Manager
Leasing Partners
Capital, Inc.
Toll-free: 877-333-5864
E-mail: blarsen@leasingpartnerscapital.com
Web site: www.leasingpartnerscapital.com
####
Press Release ##############################
LEAF FINANCIAL CORPORATION NAMES NEW
VICE
PRESIDENT OF LEASING SALES
PHILADELPHIA,
PA. –– LEAF Financial Corp. (“LEAF”), a wholly owned subsidiary of
Resource America Inc. (NASDAQ:REXI), announces today that it has named
James V. Messina as Vice President of Sales/Leasing. Mr. Messina,
who will lead LEAF’s leasing sales team, has more than 20 years experience
in the commercial equipment leasing industry and has held senior executive
positions with ABB Business Finance, The CIT Group and AT&T Capital.
As Vice President of Sales, Mr. Messina will head LEAF’s sales efforts
for its entire vendor leasing business division. In addition to managing
the day to day activities of LEAF’s extensive sales organization,
he will be responsible for developing and implementing the sales strategy
to support the company’s growth model.
Nick
Capparelli, SVP of Sales & Marketing stated, “We are excited to
have a professional like Jim to join our team and expect him to contribute
immediately. His years of experience and industry knowledge will significantly
enhance our sales effort and solidify LEAF’s position as a leader
in vendor leasing.”
LEAF Financial Corporation is a commercial leasing company headquartered in Philadelphia, PA. LEAF’s business model is to originate small ticket equipment leases by reaching the small to mid sized business market by forming strategic marketing alliances and other program relationships with equipment vendors, commercial banks and other financial institutions. After origination, LEAF manages the leases for its own account, for institutions, and for individual investors through investment partnerships and other investment vehicles. LEAF Financial Corporation is a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI). For more information please visit our website at
www.leaf-financial.com,
or contact cluber@leaf-financial.com.
Resource America Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the equipment leasing, financial services energy and real estate industries. For more information please visit our website at
www.resourceamerica.com, or contact investor relations
at
pschreiber@resourceamerica.com.
Statements
made in this release may include forward-looking statements, which
involve substantial risks and uncertainties. The Company’s actual
results, performance of achievements could differ materially from
those expressed or implied in this release.
Carol
Luber
Director
of Administration
LEAF
Financial Corporation
1845
Walnut Street
Philadelphia,
PA 19103
(215)
569-1844
(215)
640-6340 (facsimile)
### Press Release ##############################
GE Reports Second-Quarter Earnings of $3.9 Billion with 11% Revenue
Growth
and 61% Year-to-Date Cash Flow Growth
FAIRFIELD,
Conn.----GE's second quarter 2004 earnings were $3.9 billion, 3% higher
than second quarter 2003, the Company announced today. Excluding non-cash
earnings from GE's principal pension plans, earnings increased 9%.
"Our earnings per share for the second
quarter of 38 cents exceeded our previous guidance of 37 cents, as
nine of 11 businesses contributed double-digit improvements to earnings
and first-half cash from operating activities grew 61% over last year,"
said GE Chairman and CEO Jeff Immelt. "Orders continue to be
strong, growing at 13%, with services orders up 29%. This is the best
economy we've seen in years.
"We completed major portfolio moves during
the quarter, closing the Amersham acquisition, the NBC Universal merger
and the successful initial public offering of Genworth Financial.
These changes, along with the continued build-out of our growth platforms,
give GE a great set of businesses for the future. We continue to execute
on our growth initiatives, with technology advances such as the GEnx
jet engine and Jenbacher's co-generation systems; strong services
growth across the board; global infrastructure and financial services
wins in countries ranging from China to Kazakhstan to Latvia; and
wins with customers as diverse as the U.S. Transportation Security
Administration, Virgin America, and viewers of NBC, Bravo and Telemundo.
"We're on track to deliver excellent
operating performance this year, and as such we are further narrowing
our full-year guidance to $1.55-$1.60 per share. We are building strong
momentum for 2005 and remain confident of 10-15% earnings per share
growth for next year."
### Press Release #########################
World
Leasing Yearbook 2004
|
The only annually-updated international reference book for the asset financing and leasing industry available. The new 25th edition includes the latest market trends, over 100 authoritative articles and reports on the leasing software and IT market, an exclusive ranking of the top 50 leasing markets by size worldwide with feature profiles from Africa to Venezuela PLUS a directory of over 4,400 contacts.
Alternatively visit https://www.euromoneyplc.com/ to order online |
News
Briefs----
Mortgage rates fall
after Fed nudges short-term rates
http://www.usatoday.com/money/economy/housing/2004-07-08-mortgage-rates_x.htm
Greyhound Cutting
206 Rural Towns from its Routes
http://seattletimes.nwsource.com/html/localnews/2001976381_greyhound10m.html
Dancing Mr. Six scores
with viewers of Six Flags ads
http://www.usatoday.com/money/advertising/adtrack/2004-07-11-six-flags_x.htm
-------------------------------------------------------------------------------
“Gimme
that Wine”
Anderson Valley Pinot
Noir comes of age
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/07/08/WIGON7FOGJ1.DTL
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/07/08/WIGR57HI4E1.DTL
Sonoma Growers eye
early grape harvest
http://www.sonomanews.com/articles/2004/07/08/news/top_stories/news03.txt
Colorado New regulations
lower drunk-driving limit and allow in-store tastings and wine doggy
bags.
http://www.winespectator.com/Wine/Daily/News/0,1145,2531,00.html
Margrit Mondavi: The woman in front of the man
http://www.napanews.com/star/templates/index.cfm?template=story_
full&id=E31A3829-FD72-4973-AA34-832EE9D8B5F6
Beringer Now Offers
Tours In Spanish
http://www.winesandvines.com/headline_07_09_04_beringer.html
Here is an outstanding
buy as the wine should be consumed now, and the wine maker knows this,
so it is available at a “blow out” price.
1988 Arteveno Estate
Merlot, Yorkville Highlands, Mendocino
http://www.two.leasingnews.org/loose_files/Estate_Merlot2.pdf
Draper also has 2001 MacRostie Keltie Brook
Pinot Noir—Carneros at $12.50, or $11.25, a steal, also a great wine.
MacRostie Chardonnay’s are also always great “food wine.” I also think the great majority of Carneros
Pinot Noirs are always remarkable.
If you can’t read Draper’s telephone numbers, they are 415-456-3468
or 800-286-1692 or fax: 415-454-5601 jcdjr@drapervin.com
He is a very long time wine negociant, opened his own stores with
partner Esquin, then retired, got bored, and knows everyone and everything
in the wine business and started this “merchant”
business to keep active. He often comes up with some real steals, and
his prices and knowledge are hard to beat.
-------------------------------------------------------------------------------
|
2004
ANNUAL CONFERENCE & EXPOSITION (ACE) If you are a former UAEL member and would like to attend the 30th anniversary party, please call Joe Woodley or email to: jwoodley@uael.org |
|
United
Association of Equipment Leasing
78120 Calle Estado, 201 La Quinta, CA. 92253 760.567.2227 / 760.564.2206 Fax |
This
Day in American Leasing
1774- The first Declaration of independence by citizens of an American colony was formally made in the First Presbyterian Church in Carlisle, PA, at a meeting of freeholders and freemen from the several townships. The Reverend John Montgomery presided. Other formal community declarations were to follow, many of them from meetings held inside their local churches.
1792-The first bridge on a large scale was the West Boston Bridge, connecting Boston, MA, and Cambridge, MA, begun this day and open for traffic on November 23, 1793. The cost was $76,0000. The toll right was granted to the proprietors for 70 years . It was replaced in 1907 by the towered and ornamented structured called the Cambridge Bridge. http://www.kellscraft.com/bostonbyways/bostonbyways01.html
1817-Henry David Thoreau birthday. American author and philosopher, born at Concord, MA. Died there May 6, 1862. In Walden he wrote, "I frequently tramped eight or ten miles through the deepest snow to keep an appointment with a beech tree, or a yellow birch, or an old acquaintance among the pines." http://memory.loc.gov/ammem/today/jul12.html
1843- Mormon church founder Joseph Smith announced that a divine revelation had been given him sanctioning polygamy among his newly-organized religious followers.
1859-William Goodale of Clinton, MA applied for a patent of a machine that manufactured paper bags. 1872, Luther Childs Crowell of Boston, MA, applied for a patent on his invention, a machine to manufacture paper bags with square bottoms. The bags produced by the machine had two longitudinal inward folds and revolutionized the retail business with “easy carry out.”
1862- Harper's Weekly featured a cartoon about General Benjamin Butler's controversial "Woman Order" in Union-occupied New Orleans.
http://www.nytimes.com/learning/general/onthisday/harp/0712.html#explanation
1893—Turner Fontier address: Historian Frederick Jackson Turner delivered his paper,” The Significance of the Frontier in American History," at a meeting of the American Historical Association at Chicago during the Columbian Exposition. Stating that the frontier was a spawning ground for many of the social and intellectual traits that made Americans different from Europeans, Turner saw the end of the frontier as a major break in the psychology of the nation. Turner's formalization of this idea came in part from his reading the Extra Census Bulletin No. 2: Distribution of Population According to Density: 1890 which said that, "Up to and including 1890 the country had a frontier of settlement, but at present the unsettled area has been so broken into by isolated bodies of settlement that there can hardly be said to be a frontier line."
1895-birthday of Buckminster Fuller, architect, inventor, engineer and philosopher, born Richard Buckminster Fuller at Milton, MA. His geodesic dome is one of the most important structural innovations of the 20 th century.http://www.bfi.org/
1900 --114ø F (46ø C), Basin, Wyoming
1908 –birthday of comedian Milton Berle (Milton Berlinger) Harlem NYC, comedian (Uncle Miltie, Mr Television) His nickname was “Mr. Television,” but Milton Berle had long career as a vaudeville film, radio and theater comedian as well. He was born Mendel Berlinger at Harlem, NY. He was popular before becoming the host of NBC's “Texaco Star Theater” in 1948,but that variety show made him a huge national star. Dressed in drag, rattling off corny jokes and drawing the day's biggest stars,” Uncle Miltie” made the show a television event until its ending in1954. He was one of the first seven inductees into the Academy of Television arts and Science's TV Hall of Fame. Berle died March 27,2002, at Los Angeles, CA. He died July 1, 1983 at Los Angeles, CA.
http://www.seasonedcitizen.com/columns/fj-004.html
http://www.classicthemes.com/50sTVThemes/themePages/texacoStarTheater.html
1909-birthday of Joe DeRita (Joseph Wardell,) better known as “Curly” of Three Stooges. He joined the team in 1959 after Joe Besser left. He appeared in Have rocket, Will Travel(1959), Snow White and the Three Stooges(1961) and the Outland is Coming(1965), born at Philadelphia, PA. DeRita died July 3, 1993 at Los Angeles, California.
http://www.threestooges.com/bios/curlyjoe.htm
http://www.intac.com/~ralphv/3stooges/curlyjoe.htm
1912-trombonist-band leader Will Bradley born, Newton, NJ
hhtm
http://shopping.yahoo.com/shop?d=product&id=1927021534
http://video.artistdirect.com/music/artist/card/0,,407306,00.html
1916-birthdayof tenor sax player Sam “ttp://www.hepjazz.com/bradleybiog.The Man” Taylor, Lexington, TN
1920-birthday of tenor sax player Paul Gonsalves, Boston, MA
http://www.pitt.edu/~atteberr/jazz/artists/ellington/people/paulg.html
1924-The first Decathlon champion from teh United States Was Harold M. Osborne of the Illinois Athletic Club, Chicago, IL, who won 7,710,775 points at the Olympic games in Paris. The 10 events in the decathlon are the 100-meter dash, the 400 meter run, the 1,5000 meter run, the 100-meter hurdle, the broard jump , the high jump, the shot put, the discus throw, the pole vault, and the javelin throw.
1927—Trumpet player Conte Condoli birthday
( real name Secondo Condoli, long time staff musician on the NBC Tonight
Show, one of the most popular studio trumpet musicians, considered a trumpet player's trumpet player, one of Billy May's favorites, who recently died )
http://www.barryquick.com/large.asp?urn=46
http://www.srirecords.com/condoli.html
http://www.jazznetwork.com/jazznews6.html
http://www.musicweb.uk.net/jazz/2002/Apr02/West_Coast_DVD.htm
1930-Bobby Jones won the U.S. Open golf championship by two strokes over Macdonald Smith at the Interlachen Country Club in Hopkins, MN. Having already won the British Open, the British Amateur and the US Amateur, Jones became the only golfer to win the grand Slam.
1933 - A minimum wage of 40 cents an hour was established in the U.S.
http://www.state.hi.us/dlir/rs/loihi/OMI/OTHER/MIN_WAGE.HTM
http://www.policyalmanac.org/economic/minimum_wage.shtml
1934-birthday of pianist Van Cliburn ( Harvey Lavan,Jr.) Shreveport, LA. He was signed to a recording contract by RCA Victor after winning the 1958 Tchaikovksy competition for young pianists in Moscow. Cliburn's recording of Tchaikovsky's "Piano Concerto Number One" was the first classical LP to sell a million copies. After a long retirement, he returned to performing in 1987. http://www.cliburn.org/
1938-birthday of comedian, actor, humanitarian, educator Bill Cosby, Philadelphia, PA.
http://www.billcosby.com/
1943-The largest tank battle in history took place outside the small village of Prohorovka, Russia. Nine hundred Russian tanks attacked an equal number of German
Panther and Porsche tanks. These were better built, strong armor, better engines, longer
range, more power and the elite that the Nazi Regime built under the command of their
best officers. Though the German equipment had all these advantages and were largertanks, that advantage was lost as the Russian engaged in extremely close range battle where the larger tanks lacked maneuverability. When Hitler himself ordered a cease-fire, 300 German tanks remained strewn over the field and the thrust into Russia was halted in the first deciding battle of the war. http://pub97.ezboard.com/fusmilitary37442frm14.showMessage?topicID=11.topic http://www.biztravel.com/TRAVEL/SIT/sit_pages/8763.html
1944-- Golden Gate Baptist Theological Seminary was chartered in Mill Valley, CA, under sponsorship of the Southern Baptist Church.
1945---Top Hits
Dream - The Pied Pipers
The More I See You - Dick Haymes
Bell Bottom Trousers - Tony Pastor
Stars and Stripes on Iwo Jima - Bob Wills
1946 - "The Adventures of Sam Spade" was heard on ABC radio for the first time. Howard Duff starred as the San Francisco detective in the summer replacement series http://www.geocities.com/bmnelson_98/USMilitaryEzboard.html. Sam Spade first appeared in the 1930 Dashiel Hammett novel "The Maltese Falcon" and in the 1931 original film version of "The Maltese Falcon", starring Ricardo Cortez. Humphrey Bogart played Sam in the 1941 movie.
1946- Stan Kenton cuts “Artistry in Percussion” with Shelly Manne, Hollywood, CA http://www.mamajazz.org/pages/biokenton.html
http://www.cyberjaz.com/noday/bio.htm
http://www.cyberjaz.com/noday/booking.htm
1949-Jackie Robinson, Roy Campanella and Don Newcombe of the Brooklyn Dodgers and Larry Doby of the Cleveland Indians became the first black players to appear in baseball's All-Star game. The American League won the game, played in Ebettts Field, Brooklyn, NY, 11-7.
1949 - Football quarterback Norm Van Brocklin, a student at the University of Oregon, decided against another year of college and signed a professional NFL contract to play with the Los Angeles Rams.
1951 - The Kaw River flood occurred. The month of June that year was the wettest of record for the state of Kansas, and during the four days preceding the flood much of eastern Kansas and western Missouri received more than ten inches of rain. Flooding in the Midwest claimed 41 lives, left 200 thousand persons homeless, and caused a billion dollars property damage. Kansas City was hardest hit. The central industrial district sustained 870 million dollars property damage
1953---Top Hits
Song from Moulin Rouge - The Percy Faith Orchestra
Ruby - Richard Hayman
I'm Walking Behind You - Eddie Fisher
It's Been So Long - Webb Pierce
1954 - The Major League Baseball Players Association was organized in Cleveland, OH. Its purpose was to represent ball players in policy decisions with baseball club owners.
1957 - Prince Karim left Harvard University in Cambridge, MA to become the leader of 20 million Ismaili Moslems. He became the Aga Khan for the religious sect. Prince Karim was 20 years old at the time of his calling.
1958 - "Yakety Yak", by The Coasters, became the number one song in the U.S.A., according to "Billboard" magazine. It was the first stereo record to reach the top of the chart. http://www.rockhall.com/hof/inductee.asp?id=81
http://www.angelfire.com/mn/coasters/atlant.html
http://www.srv.net/~roxtar/coasters.html
1960 - The first Etch-A-Sketch went on sale. Over 50 million units were sold during the next 25 years. Charlie Lester contains it was his first portable computer laptop. http://www.babygrand.com/games/etc.htm
1962- the Rolling Stones played their first concert at the Marquee club in London. The lineup for that date was lead vocalist Mick Jagger, guitarists Keith Richards and Brian Jones, Dick Taylor on bass and Mick Avory, later of the Kinks, on drums. Avory and Taylor were replaced by Tony Chapman on drums and Bill Wyman on bass. Chapman didn't work out, and drummer Charlie Watts completed the Stones' lineup in January 1963.
1969- the rock super group Blind Faith, fronted by Eric Clapton and Steve Winwood, made its US debut at Madison Square Garden. The band made only this tour and one album before splitting up.
1967-23 die in Newark,NJ race rebellion
http://www.africana.com/Utilities/Content.html?&../cgi-bin/banner.pl?banner=Education&../articles/tt_950.htm
1961---Top Hits
Tossin' and Turnin' - Bobby Lewis
The Boll Weevil Song - Brook Benton
Every Beat of My Heart - Pips
Heartbreak U.S.A. - Kitty Wells
1969---Top Hits
In the Year 2525 - Zager & Evans
Spinning Wheel - Blood, Sweat & Tears
Good Morning Starshine - Oliver
Statue of a Fool - Jack Greene
1970—“Evenings at the POPs” premieres on TV. PBS's popular concert series premiered with conductor Arthur Fiedler heading the Boston Pops Orchestra. Conductor/composer John Williams took over the post upon Fiedler's death in 1979; Keith Lockhart is the current conductor.
1971—Kristi Tasuya Yamaguchi birthday, Olympic gold medal figure skater, born Hayward, CA.
1970- Janis Joplin debuted with her new group, the Full Tilt Boogie Band, before 4,000 people in Louisville, Kentucky. Less than three months later, she was dead of a heroin overdose
1971- 13,000 people packed the Civic Arena in Pittsburgh to see the first authorized staging of "Jesus Christ Superstar." The work was the brainchild of composer Andrew Lloyd Webber and lyricist Tim Rice and made its debut as a record album, which became the top seller of 1971. Scores of unlicensed concert productions sprang up in the US in the wake of the album's success, so Webber and Rice came up with their own concert and theatrical versions, one of which opened on Broadway in October of '71.
1971- Juan Corona, indicted for 25 murders, Sacramento, California
http://www.angelfire.com/oh/yodaspage/corona.html
http://isbn.nu/0440223334/price/1
http://www.sacbee.com/content/news/crime/story/2464014p-2915228c.html
http://www.prisonerlife.com/page_members.cfm?MemberID=2009
http://www.unitedfarmworkers.com/ufwmurderltr2.htm
1975-K.C. & the Sunshine Band make their pop chart debut with "Get Down Tonight." It's the first of four singles by the band to make it to the number one spot
1976- “ Family Feud” premiered on television, from the production team of Mark Goodson and Bill Todman. This game show set two families against each other to raise the greater number of points. The contestants had to predict the most common answers to a given survey. Richard Dawson, TV's famous kissing host, and the late Ray Combs served as hosts of the show. Another version of the show appeared in 1999 with Louie Anderson as host and is still running today; “100 families survey said...” http://www.familyfeud.tv/
1976- Representative Barbara Jordan (D-Texas) is the keynote speaker of the 1976 Democratic Convention, the first woman and the first black to be accorded the honor. (And the first lesbian although her lifestyle was not publicized at the time.) It was a rousing speech that electrified the convention and TV watchers.
1977---Top Hits
Undercover Angel - Alan O'Day
Da Doo Ron Ron - Shaun Cassidy
Looks like We Made It - Barry Manilow
I'll Be Leaving Alone - Charley Pride
1979- The Chicago White Sox stated “Disco Demolition Night” as a promotion between games of a doubleheader against the Detroit Tigers. Chicago disc jockey Steve Dahl burned disco records brought by fans, who received discount admission. Some of those fans decided to start their own fires, and a mini-riot ensued, with fans surging onto the field, high on beer and other substances that did not come in a bottle, forcing the Chicago White Sox to forfeit the second game of the doubleheader.
1982 - "E.T.: The Extra-Terrestrial" broke all box-office records by surpassing the $100-million mark of ticket sales in the first 31 days of its opening.
1982 - The last of the distinctive-looking Checker taxicabs rolled off the assembly line in Kalamazoo, MI. The company had produced those cabs since 1922. http://www.checkercabs.org/html/checker_headquarters.html
http://www.pbs.org/wnet/taxidreams/history/
http://www.foraride.com/
1984 - Steve Carlton of the Philadelphia Phillies earned his 100th strikeout of the season and led the Phils to a 4-3 win over the Cincinnati Reds. Carlton tied a record set by Walter Jonson by getting 100 or more strikeouts in 18 straight seasons. Carlton became baseball's all-time strikeout leader with 3,813. He played for the St. Louis Cardinals, the Phillies, and briefly, for the Chicago White Sox, San Francisco Giants, Cleveland Indians and Minnesota Twins before retiring and becoming a member of the Baseball Hall of Fame.
1984-Walter F. Mondale at the Democratic National Convention chooses the first vice presidential candidate from a major party, Geraldine Ferraro, congressional representative from New York. Ronald Reagan was elected president and George
Bush vice-president, carrying 49 states. The electoral vote was 525 to Mondale's
12. Popular vote was Reagan 54,455,075 to Mondale 37,577,184. In congressional elections, the Republicans gained two Senate seats for a 53-47 majority. In the House, the Democrats lost 14 seats but kept a majority of 253-182.
1985---Top Hits
Sussudio - Phil Collins
A View to a Kill - Duran Duran
Raspberry Beret - Prince & The Revolution
She's a Miracle - Exile
1990- “Northern Exposure” premiered on television. CBS's comedy-drama was essentially a fish-out-of-water (or rather a New Yorker out of Manhattan) series. Dr. Joel Fleischman (Rob Morrow) was forced to practice medicine in remote Cicely, Alaska, to pay off his student loans. He gradually accepted his lot through the help of the town's quirky citizens who needed him because he was the only doctor in town. The show's principal cast featured Barry Corbin as Maurice Minnefield, a former NASA astronaut and Cicely's most prominent businessman, .Janine Turner as bush pilot Maggie O'Connell, Elaine Miles as Joel's assistant/receptionist Marilyn, Darren E. Burrows as Ed Chigliak, a half-Indian aspiring filmmaker, John Cullum as Cicely's mayor and tavern owner I-lolling Vincoeur, Cynthia Geary as Holling's girlfriend and waitress Shelley Tambo, Peg Phillips as store proprietor Ruth-Anne and John Corbett as deejay and philosopher Chris Stevens. http://www.retroweb.com/nexp.html
1994- record stores around the world threw midnight parties as the Rolling Stones' "Voodoo Lounge" album went on sale. It was their first release since "Steel Wheels" five years earlier. If you have not been to a concert, this may be their last one. Spend the money for a great seat and you will become part of history. (you'll know what I mean,
if you follow the advice to get a great ticket.) http://www.rollingstones.com/
Baseball
Poem
Ball
Of Bases
A
Baseball Poem
by Hank
Festa (Los Angeles, CA)
Oh why should the ball of bases be proud?
Like spring trainings silent and fall playoffs loud
A season-saving play, a bad ump call replay
It all belongs to the ages come Judgment Day
The measure of triumph and defeat shall thee grade
By the end of the year it counts when it's played
When the luck of the draw or the stars up above
Can erase the fatalism of the game that we love
The hopeful of eternal optimist mind
The critic, the expert and their pedant kind
The stat and the box score, the fan and the fun
Have no scores left to settle when the home team has won
The hitter who gambles, the gambler who hits
The brass-ringed hill-toppers with the glass-enclosed mitts
The famers, the gamers, the shunned and the whinning
All use the big show for father time's sand mining
The glare of the closer one out away
The stare of the slugger walked in his way
The foul of ball and pine of tar
Protect mortality's cheaters by far
The utility man whose BA is a wash
The role player riding the bench by gosh
The subbed deer-in-the-headlight sigh
Can make history in the blink of an eye
The hero who ran and stole home plate
The goat a dollar short and a day late
Every mastered moment or scenic crime
Has hit or miss a place for all time
So the common man dreams for the chance to lose
To give his life legend short of booze
So the record books balk at those who win
In cahoots with folly to make up for sin
For the watcher and the doer are halves of the same breed
One takes to greatness and the other gives it seed
We worship the same field and toss the same ball
Either with Cracker Jacks or plaques in the Hall
The teams we are rooting, our fathers would root
Through the win or the loss, our loyalty is moot
Wait until next year we'll give them a bye
As long as they win before we die
Each winter off season we confront the bitter frost
Of years and times of our lives lost
Marking the past as an innocent lot
When youth was served but October was not
Forever is a finite stat for winners
Save always for ageless 7th game sinners
Eternity is the trying that plays life's game
Effort is immortality and success is a fickle dame
Thus we know the reason why we'll never have our fill
When you watch the game hope and time stand still
The balls and strikes slow down the clock on the wall
For the chance to substitute winning for the end of it all
Beyond victory is a mindset called loss of hope
With nothing left to look forward to and no reason to cope
If tis but a metaphor for a short life cycle crowd
Then why should the ball of bases be proud?
» Hank Festa's poem, dedicated to the late Steve
Bechler, is partially based on verse from "Mortality",
by Scotsman William Knox (1789-1825).
 |
www.leasingnews.org |
 |
